Britain’s high court ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency.the pseudonym that masked the identity of the creator of bitcoin.His claim was rejected by the Crypto Open Patent Alliance, or Copa, a non-profit group of technology and cryptocurrency firms, who brought the case to court.
“Having considered all the evidence and submissions presented to me in this trial, I’ve reached the conclusion that the evidence is overwhelming,” he said, according to a court transcript.During the trial, Copa claimed Wright had created an “elaborate false narrative” and forged documents to suggest he was Satoshi and had “terrorised” those who questioned him.
“For over eight years, Dr. Wright and his financial backers have lied about his identity as Satoshi Nakamoto and used that lie to bully and intimidate developers in the bitcoin community,” the spokesperson added.At stake was not just bragging rights to the creation of bitcoin, the world’s most popular virtual currency, but control of the intellectual property rights.
Supporters say it can be more trustworthy than traditional money, which can be vulnerable to the whims of those in power. Sceptics say their volatility has introduced a potential new risk to the global financial system, and fret about their potential to promote illicit activities and introduce uncertainty.
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Source: FinancialReview - 🏆 2. / 90 Read more »
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