Crypto-entrepreneur and engineer Craig Wright, who announced that he was the creator of Bitcoin Satoshi Nakamoto, registered with the US Copyright Office his copyright in the original Bitcoin code as well as on the technical description of cryptocurrency (white paper). Registration refers to two files: “Bitcoin: A Peer-to-Peer Electronic Cash System” and “Bitcoin,” meaning the original 2009 code.
Copyright entered into force on April 11.
A press release issued by Wright on this subject states:
"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."
However, as experts note, the registration of copyright does not give ownership rights and is not an official patent. This procedure allows anyone who wants to register anything to prepare for a lawsuit on the right of ownership.
In particular, Jerry Brito, executive director of the Coin Center law firm, tweeted:
"Registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately, there is no official way to challenge a registration. If there are competing claims, the Office will just register all of them."
Ally Craig Wright Kelvin Eyre responded to the news:
''BSV doubled on Craig's copyright news. This is only the start of him proving BSV is the only #Bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.''
After delisting the BSV in several large marketplaces, Wright's business, to put it mildly, is not going very well. Crypto creator will have to come up with something else in order to maintain his currency.