Close Menu
What The FinanceWhat The Finance
    What's Hot

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Facebook YouTube
    What The FinanceWhat The Finance
    Donate
    • NewsWire

      Capital One-Discover Merger Reshaping the Credit Card Industry

      April 24, 2025

      Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

      April 15, 2025

      Breaking Down the U.S. Budget

      February 14, 2025

      The Financial Impact of Mizotakis Resigning in Greece

      February 1, 2025

      Incoming US President Shocks with $TRUMP Memecoin Launch

      January 18, 2025
    • Bitcoin

      The Rise of State-Level Strategic Bitcoin Reserves

      February 19, 2025

      How Oklahoma is Embracing Bitcoin with Legislation

      January 15, 2025

      Without Bitcoin: A Grim Vision of the Financial Future

      January 6, 2025

      Rumble Video Creators to Be Paid in Bitcoin

      December 24, 2024

      French Politician Advocates for EU Bitcoin Reserve

      December 17, 2024
    • Crypto

      The DAO Governance Battle Between Corporations & Blockchain Rebels

      October 25, 2024

      Altcoin Season Coming to an End? BTC Dominance & Institutions

      September 27, 2024

      Is Tether a $118 Billion Dollar Scandal Waiting to Happen?

      September 18, 2024

      Uncovering North Korean IT Workers in DeFi Scam

      August 16, 2024

      Navigating the Crypto Market: Avoiding Liquidation & Bull Traps

      July 24, 2024
    • Stocks

      NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

      December 14, 2024

      Master the Time Value of Money Financial Concept

      December 9, 2024

      MicroStrategy Convertible Debt Expansion Sparks Stock Surge

      November 21, 2024

      Financial Ratios Guide to Measuring Business Performance

      November 18, 2024

      The Highest Paid CEOs of 2024

      October 1, 2024
    • Global Economy

      Whistleblowers Unmask Schwab’s Toxic WEF Secrets

      April 25, 2025

      Tariff Tensions Drive Market Volatility

      April 9, 2025

      Red in Name Only: Labour’s War on the UK Working Class

      March 18, 2025

      AI, Robotics & the Future of Cheap Production

      January 20, 2025

      Can Milei Inflation Gamble Hurt Argentina’s Future?

      January 13, 2025
    • TradFi
      • Investment Ideas
      • Forex
      • Commodities
      • Best Deals
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What The FinanceWhat The Finance
    Home»Bitcoin»CSW Patent Controversy Continues Despite Proven Fraud
    CSW Patent
    Bitcoin

    CSW Patent Controversy Continues Despite Proven Fraud

    June 20, 2024No Comments5 Mins Read
    Share
    Twitter Facebook Reddit LinkedIn Telegram

    The Bitcoin community is once again stirred by the activities of nChain, specifically surrounding European Patent 3643046, set to be granted on June 26, 2024. This patent, titled “Methods and Systems for a Consistent Distributed Memory Pool in a Blockchain Network,” is the latest in a series of intellectual property claims by nChain, a company closely associated with Craig Wright.

    Wright, who has repeatedly claimed to be Satoshi Nakamoto, the creator of Bitcoin, has been conclusively proven to be a fraud by a UK court. A fact that puts a question mark in everything he has done in the past and anything he plans for the future.

    The cases of these patents are being closely followed by at least two dedicated Bitcoiners that have devoted time and resources to oppose them.

    Leading UK patent attorney David Pearce (aka Dr Tufty Sylvestris) has been closely following the COPA vs Wright trial in the High Court in London. Pearce is a highly skilled patent attorney with extensive experience. His qualifications include a PhD in Management of Intellectual Property, an MSc in Intellectual Property, and an MEng in Electronic and Structural Materials Engineering from prestigious institutions such as the University of Birmingham and the University of Oxford.

    David has a notable track record in defending European patents against opposition attacks and is cited in a referral to the EPO Enlarged Board of Appeal. In case you missed him during the trial in the Rolls Building, you might have come across his informed commentary on Twitter. Mr Pearce has been working on a number of patent cases involving Craig Wright.

    image 281

    The second person involved, is investigative journalist Arthur Van Pelt.

    Arthur is a notable figure in the blockchain community, particularly recognized for his persistent efforts to debunk the claims of Craig Wright, who has repeatedly asserted that he is Satoshi Nakamoto, the creator of Bitcoin. Van Pelt, a Dutch Bitcoin enthusiast, has dedicated a significant amount of his time, and large part of his life, to researching and publicly challenging Wright’s assertions.

    Van Pelt’s plethora of contributions are largely driven by his will to protect Bitcoin and his unwavering belief that Wright’s claims were fraudulent. He has been vocal on social media and other platforms, often sharing detailed analyses and critiques debunking Wright’s claims and shining light on his actions. His work includes publishing numerous articles and engaging in thousands of online debates to expose inconsistencies and fabrications in Wright’s narrative.

    In addition to his advocacy against Wright, Van Pelt has played a crucial role in legal battles concerning nChain’s patents. For instance, he was instrumental in opposing and eventually leading to the revocation of nChain’s European patent EP3449450, demonstrating his commitment to ensuring the integrity of the blockchain patent landscape.

    Arthur has also written about the fraudulent nature of Craig Wright’s copyright registration for the Bitcoin whitepaper at the U.S. Copyright Office. He has expressed his intention to pursue legal action against Craig Wright to rectify the situation at the U.S. Copyright Office, especially if the issue is not resolved following the COPA vs. Wright trial.

    All this effort is part of a broader community initiative to prevent the monopolization of blockchain technologies through dubious patent and copyright claims.​

    Understanding the Patent

    European Patent 3643046 claims to solve scalability issues in blockchain networks, potentially targeting the creation of an exchange for Bitcoin SV (BSV). It proposes a system where a distributed memory pool (DMP) is implemented using a distributed hash table (DHT), aiming to enhance transaction processing speeds.

    Despite these technical assertions, the patent’s novelty and true innovation remain questionable, especially in light of the broader blockchain community’s advancements in similar areas.

    image 278
    Patent diagram

    Craig Wright’s Legal Defeats

    The UK High Court has categorically ruled that Craig Wright is not Satoshi Nakamoto, debunking his long-standing claims. In a decisive judgment in March 2024, Mr Justice James Mellor stated that Wright is not the author of the Bitcoin white paper or the creator of Bitcoin. The court found overwhelming evidence that Wright had lied extensively about his involvement in Bitcoin’s creation, undermining his credibility and intentions behind his numerous patent filings.

    Implications for the Blockchain Community

    Wright’s aggressive pursuit of blockchain patents, despite his fraudulent claims, raises significant concerns. These patents, including EP 3643046, could potentially stifle innovation by creating legal barriers for developers and startups. The patent’s upcoming opposition period, ending on March 26, 2025, provides an opportunity for the community to challenge its validity.

    This period is crucial for ensuring that the patent system is not misused to monopolize foundational blockchain technologies under false pretenses. Pearce and Van Pelt are the two people that really understand that.

    Ethical and Strategic Concerns

    nChain’s strategy of amassing blockchain patents under Wright’s tainted legacy poses ethical questions. The use of questionable claims to secure patents not only disrupts the open-source ethos of the blockchain community but also risks creating a chilling effect on innovation.

    Bitcoin companies and independent developers might face legal threats, hindering their ability to contribute to blockchain’s growth and evolution.

    image 280

    The Truth Persists

    Arthur Van Pelt’s unwavering commitment to truth has earned him a reputation among Bitcoin maximalists and the wider blockchain community. His relentless efforts to expose fraudulent claims and ensure transparency helped to safeguard the space from what has proved to be a very dangerous individual.

    The necessity for such actions is further emphasized by the impending grant of European Patent 3643046 to nChain, tainted by the discredited assertions of Craig Wright. As the opposition period for the patent draws near, stakeholders must thoroughly scrutinize its claims and consider challenging its validity to safeguard the integrity of Bitcoin and blockchain innovation.

    For those that think this is a nothing burger, this situation serves as a reminder of the past, where initial dismissals of Wright’s dubious claims ultimately led to potentially the largest attempted fraud in history. Remaining vigilant to protect the future of blockchain technology, might need to be a shared responsibility going forward.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • April 25, 2025Global EconomicsWhistleblowers Unmask Schwab’s Toxic WEF Secrets
    • April 9, 2025Global EconomicsTariff Tensions Drive Market Volatility
    • March 18, 2025Global EconomicsRed in Name Only: Labour’s War on the UK Working Class
    • March 7, 2025SatoshiCraig Wright Banned from UK Courts with Civil Restraint Order
    2
    Share. Twitter LinkedIn Telegram Reddit Facebook
    Previous ArticleUni of Cambridge Gets Bitcoin Emission Estimates Wrong
    Next Article Winklevoss Bros Donate $2M in Bitcoin to Trump Campaign

    Related Posts

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    How Oklahoma is Embracing Bitcoin with Legislation

    January 15, 2025

    Without Bitcoin: A Grim Vision of the Financial Future

    January 6, 2025
    Add A Comment
    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Recent Comments
    • Bitcoin Grandad on The Aftermath: Craig Wright, BSV & nChain in Crisis
    • Peter Williamson on SUI: A Rising Force in the Blockchain World
    • Peter Williamson on Robotics Revolution 2024: A Guide to 16 Industry Leaders
    Also Check Out

    Craig Wright Banned from UK Courts with Civil Restraint Order

    March 7, 2025

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    2007 - 2023 | What The Finance Magazine

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
    Top Insights

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Pages
    • About
    • Advertise
    • Get In Touch
    • Markets
    • Privacy Policy
    • Donate
    • Trending Articles

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok