Saturday, May 30, 2020

Craig Wright’s Also Target’s Blockstream CEO, Adam Back With Lawsuit

At first, Hodlonaut was the main target until legal papers from Craig Wright landed in the hands of Peter McCormack, a Bitcoin enthusiast, and Vitalik Buterin, Ethereum’s co-founder. To proof there is more from where that came from, a cryptocurrency website, Chepicap received one, and now, Adam Back, Blockstream’s CEO will also have to face Craig Wright in the UK court

Craig Wright Claims He is Satoshi Nakamoto

Craig Wright, an Australian programmer who claims he is Satoshi Nakamoto, Bitcoin’s creator, has already sent legal papers to four individuals. Adam Back who had reportedly worked with him in the past is the fifth person to receive one. The news was revealed by Calvin Ayre, a supporter of Bitcoin SV.

According to Ayre, Back received a letter from Wright on April 16 and will also get a chance to tell his side of the story in the UK court. He further said Back must be really happy to get the chance to speak after “how loud he has been in the last week on his opinions.”

Calvin Ayre Makes Reference to Wright’s Publication on Medium

Calvin Ayre also attached a link to a Medium publication by Craig Wright which states that Wright and Back have done some work pertaining to Bitcoin in the past. Wright also said although he had referenced Adam Back on the Wikipedia page explaining Bitcoin, he did it because of Back’s help at that time and “not because he was the inventor of proof-of-work”

If one comes to think about it, this controversy began when Craig Wright publicized that he is Satoshi Nakamoto. While many were more concerned about Bitcoin’s price at that time and how it could make them profits, it seemed Wright was bent on making people believe he is Nakamoto.

Controversial Event Leads to Delisting of Bitcoin SV

It led to several hashtags, issuing of legal papers, and even the delisting on Bitcoin SV. Binance, Kraken, have all announced that they will delist the cryptocurrency which Craig Wright supports.

Even Changpeng Zhao, Binance’s CEO outrightly stated that Wright is not Satoshi.

As is always the case in the cryptocurrency industry, the trend will soon die down even though it will always be engrafted in the minds of people. As they say, the internet never forgets. All that it’ll take, is for Bitcoin to do another dance upward and the attention will possibly turn to the real reason why we’re here.

Latest News

J.P. Morgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto

J.P. Morgan's turbulent relationship with bitcoin appears to be rapidly softening... Read the full story on Forbes

$10 Million Burned on BitMEX Shorts as Bitcoin Surges to $9,700

Just hours after Ethereum rocketed higher, so too has Bitcoin. The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over...