- The Bitcoin Whitepaper posted again to Bitcoin.org following a court decision rejecting Craig Wright’s Satoshi assertions.
- Legal obstacles notwithstanding, the Bitcoin community banded together to guarantee broad distribution of the whitepaper.
Following Craig Wright’s abortive legal attempt to establish his identity as Satoshi Nakamoto’s pseudonym, the Bitcoin whitepaper has been reuploaded to Bitcoin.org.
Wright had obtained a court order in 2021 to delete the PDF after he had successfully sued Cøbra, the anonymous group operating the website, for copyright infringement. Wright’s claim to be Satoshi has been unequivocally refuted; hence, his copyright victory is now meaningless.
Return of Bitcoin Whitepaper Announced
Restoring the Bitcoin whitepaper, Bitcoin.org maintainer Hennadii Stepanov posted a link to the PDF on X. For the Bitcoin community, this represented a momentous occasion as access to the cryptocurrency’s founding paper was restored.
— Hennadii Stepanov (@hhebasto) May 23, 2024
Wright prevailed by default in his case because Cøbra declined to show up for court appearances that would have compromised their anonymity. Cøbra was therefore compelled to cover Wright’s legal expenses to the tune of £35,000 ($40,100).
Effect on consumers in the UK
Bitcoin.org was required by court order to cease providing the whitepaper to users located in the United Kingdom. Rather, the webpage featured a statement by Satoshi that said, “It takes advantage of the nature of information being easy to spread but hard to stifle.”
As a show of protest, several publications chose to distribute the Bitcoin whitepaper in defiance of the court decision. The crypto division of Jack Dorsey’s Square and numerous governments, including those of the United States, Estonia, and Colombia, hosted the paper.
Craig Wright vowed to sue anyone who published the Bitcoin whitepaper; therefore, one user put up a list of more than 100 websites that hosted it. They explained it to Protos as their means of “retaliating against Wright’s nonsense.”
The UK High Court decided in March 2024 that Wright was not Satoshi, in line with what ETHNews previously disclosed. Craig Wright, the judge found, was not “nearly as clever as he thinks he is,” lied “extensively,” and used “technobabble.”
Market Activity of Bitcoin
CoinMarketCap reports that as of right now, Bitcoin (BTC) is trading for about $69,176.19, up 2.78% in the last day and 3.14% over the previous week. The mention of a record inflow for Bitcoin ETFs over a 10-day period in ETHNews previous report demonstrated strong investor interest.