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Craig Wright Sues Bitcoin Core Developers for £911B, Reigniting Bitcoin Controversy

Mary-Kate Olsen
Release: 2024-10-19 15:14:18
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The recent legal battles involving Craig Wright and Bitcoin Core developers have sparked significant discussions within the cryptocurrency community.

Craig Wright Sues Bitcoin Core Developers for £911B, Reigniting Bitcoin Controversy

Craig Wright has filed a new lawsuit against Bitcoin Core developers, alleging that they have falsely represented Bitcoin (BTC) as the original cryptocurrency, and instead arguing that Bitcoin SV (BSV) is the authentic version of bitcoin as supposedly envisioned by Satoshi Nakamoto.

Earlier this year, a UK court firmly rejected Wright’s claims to be Satoshi Nakamoto, with Justice Mellor emphasizing the overwhelming evidence against him. The court found that he is indeed not the true creator of the Bitcoin White Paper, marking this case as one of the most notable fraud cases in UK legal history.

Now, Wright is pivoting his legal strategy once again. In his latest lawsuit, he claims that Bitcoin Core developers have engaged in fraud, deceit, and conspiracy by allegedly presenting BTC as the original bitcoin, while supposedly suppressing BSV, which Wright maintains is the true bitcoin as conceived by Satoshi.

In his lawsuit, Wright is seeking damages in the astronomical sum of over £911 billion. This figure, according to him, reflects the supposed market value gap between Bitcoin and his preferred BSV version, which he maintains is the legitimate bitcoin.

However, critics of Wright, including Hodlonaut—who notably triumphed in a previous defamation case against Wright—have widely condemned this new lawsuit. They assert that Wright’s persistent legal maneuvers highlight his reliance on discredited claims rather than factual evidence.

As the wider cryptocurrency community watches on, this latest development raises crucial discussions about the governance of decentralized projects like bitcoin. Ultimately, the ongoing contention illustrates the resilience embedded in the decentralized nature of bitcoin, which insists that no individual can monopolize its development or ownership.

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