Craig Gets A Competitor, Wei Liu Files Copyright For Bitcoin White Paper

by | May 31, 2019 | Bitcoin, Cryptocurrency, Cryptocurrency News

Craig | Bitcoin | White paper |Wei Liu | Copyright

Ever since Bitcoin has existed, people have wondered about its creator and while even after a decade we are no closer to knowing who is behind the pseudonym Satoshi Nakamoto, there are two suitors who have filed copyright for bitcoin white paper and original code.

To the dismay of many, the controversial Australian entrepreneur, Craig Wright has been self-claiming himself as Nakamoto and recently he controversially filed copyright registrations for the bitcoin white paper and original code. Notably, a second copyright registration (number TX0008726120) for the same has appeared on the public catalog of the United States Copyright Office. 

The means that a certain Wei Liu is claiming to be Satoshi Nakamoto and to have originated the work. The filing is dated May 24, 2019, while Wright’s is dated April 11, 2019. As of now, the identity of Wei Liu is declared and neither is why the reason behind the filing is known. Though it could be attributed as a much-needed step to counter Wright’s ownership of fundamental bitcoin property.

Notably, Wright has often threatened to take legal actions against those who claim that he is not Satoshi, which even got Bitcoin SV delisted from major cryptocurrency exchanges such as Binance, ShapeShift and Kraken. Interestingly, all Wright needs to prove himself a Satoshi is to provide indisputable proof, such as a movement of Satoshi’s bitcoin.

A key mover behind the cryptocurrency Bitcoin SV (for “Satoshi Vision”), any action from wright directly affect the token price and market cap. When the filling was announced, BSV surged 200%. Just yesterday, some scammers claimed that Wright has transferred Bitcoin from the said wallet so that the price of Bitcoin SV surged massively. 

Wright states confidently that as and when the copyright registration happens, he will hand it to the foundation managing the token. A press release at the time reads:

“In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem. Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software.”

It is important to understand that a simple registration does not provide someone the work’s authorship by the U.S. Copyright Office. The process enables allows anyone to register a work, often in relation to lawsuits associated with ownership.

In fact, following all the hush-hush around the registration, the copyright office released an official press release stating that it has not “recognized” anyone as the inventor of bitcoin. The press release stated: 

“As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made. In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.” 

The same will apply to the registration by Wei Liu.

Read more: State Farm and USAA Test Blockchain To Streamline Insurance Claims Process

Image Source – Unspalsh.com 

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