Recently the crypto community got struck with news about Craig Wright, the self-proclaimed Satoshi Nakamoto, filing a copyright registration on Bitcoin white paper and the Bitcoin code in general. However, as many had said before – filing a copyright is just a formality.
Anyone Can Do It
The Copyright Office yesterday, July 22nd, came out with an official statement, clarifying what does it mean “to file a copyright registration”. Basically, they confirm what others had said before, hence anyone can do it. By doing that, registration of that kind does not imply a “determination of truth”. Adding that the Copyright Office does not investigate the validity of those claims. In other words, this does not mean that Craig Wright will have the last word in proving that he is Satoshi. In fact, this is nothing more than an official form which he can use in his recent lawsuits.
“A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office.”
Craig Wright might be subject to penalties
The Copyright Office explains that false claims might be subject to penalties. They write that when they asked Craig Wright to confirm that he is Satoshi Nakamoto, he confirmed it. How did he do it, it is not clear, but CCN says that he provided written evidence, where he plainly states that he is Satoshi Nakamoto.
“…during the examination process, the Office took note of the well-known pseudonym “Satoshi Nakamoto,” and asked the applicant to confirm that Craig Steven Wright was the author and claimant of the works being registered. Mr. Wright made that confirmation.”
However, it is not clear to what penalties might be applied, as the Copyright Office clarifies that in a case when the work is registered under a pseudonym, the Office does not investigate these claims.
“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.”
All in all, this sounds like a very tricky situation. Unless someone files another copyright claim over the Bitcoin white paper. Then they go to court and an actual investigation takes place.
Bitcoin SV pump amidst Wright’s claims
On the day when Craig Wright announced that he had filed a copyright registration, his and Calvin Ayre’s Bitcoin fork Bitcoin SV pumped almost 100%, and the price nearly doubled. BSV went from $63 to almost $120 in the matter of an hour. Was this a planned move? It seems so, because Calvin Ayre’s private news company CoinGeek published numerous bullish articles on BSV. However, being aware of the volatile market which cryptocurrency in most famous for, nothing in impossible.
Additionally, now BSV sits pretty steadily at $99 and the price and volume slowly is declining.
Craig Steven Wright along with Calvin Ayre, know how to shake the cryptocurrency ecosystem in the matter of couple hours. Let’s see how this situation will escalate.
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