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Craig Wright Loses: UK Court Delivers Revolutionary Ruling

U.K. Judge Jeremy Cooke ruled that the file format of Bitcoin is not subject to copyright, dismissing claims by self-proclaimed inventor Craig Wright.

Wright, who has long claimed to be the creator of Bitcoin under the pseudonym Satoshi Nakamoto, had sought to argue that he should be able to prevent operations based on his creation.

CDCROP: Craig Wright at CoinGeek Conference New York (Eugene Gologursky/Getty Images for CoinGeek)

Wright’s legal claim aims to prove that the Bitcoin Satoshi Vision blockchain he created from another fork of bitcoin is legitimate, as opposed to other competing versions.

“I do not see any prospect of the law as currently stated and understood in the case law allowing copyright protection of subject matter which is not expressed or fixed anywhere,” Mellor said in a ruling for the High Court of England and Wales.

“It remains the case that no relevant ‘work’ has been identified containing content which defines the structure of the Bitcoin File Format.” However, Mellor added that Wright and the two Wright-associated investment companies making a claim had been given “ample opportunity” to do so.

The judge said that claims concerning copyright to the 2008 white paper and whether Wright is the author would be the subject of later rulings.

JUST IN: 🇬🇧 Self-proclaimed #Bitcoin creator, Craig Wright loses $BTC copyright claim in UK court.

— Watcher.Guru (@WatcherGuru) February 8, 2023

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Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. If you are planning to make an investment, you should contact an authorized financial expert. You should not invest money that you cannot lose.

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Financial Futurism © 2024.
All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. You should not invest money that you cannot lose.