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Craig Wright Initiates £911 Billion Legal Claim Against Bitcoin Core Developers, Alleging 'Wrongful Passing Off' of BTC as Bitcoin

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Release: 2024-10-13 18:32:21
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The essence of Wright's legal argument revolves around the claim that the Bitcoin Core developers, specifically those associated with the cryptocurrency BTC, have altered the original Bitcoin protocol in significant ways that deviate from its original intent.

Craig Wright Initiates £911 Billion Legal Claim Against Bitcoin Core Developers, Alleging 'Wrongful Passing Off' of BTC as Bitcoin

Craig Wright, a self-proclaimed inventor of Bitcoin and the mind behind Bitcoin Satoshi Vision (BSV), has filed a hefty legal claim in the UK High Court against Bitcoin Core developers.

In his claim, Wright argues that BTC, spearheaded by Bitcoin Core developers, has been "wrongfully passed off as Bitcoin." He attributes this to key protocol modifications over the years, such as SegWit and Taproot, which he claims fundamentally altered the original Bitcoin protocol without authorization.

This misrepresentation, according to Wright, has led the public to believe that BTC is the "true" Bitcoin, causing reputational damage to BSV and substantial financial losses due to the misrepresentation. The claim amounts to a staggering £911 billion, considering the difference in market valuation between Bitcoin (BTC) and Bitcoin Satoshi Vision (BSV).

This legal move has sparked widespread debate in the cryptocurrency community, especially regarding Bitcoin's origins, the role of Bitcoin Core developers, and the future of Bitcoin Satoshi Vision. Stay tuned for further updates on this developing story.

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