In recent legal developments, Craig Wright has faced significant setbacks in both patent litigation and defamation suits. His recent retrievals are attributed to potential loss of funding following the conclusion of the High Court trial in London, when Craig Wright was found to be categorically NOT Satoshi Nakamoto, the legendary creator of Bitcoin.
Hodlonaut Libel Case Concluded
Craig Wright has officially ended his libel lawsuits against the Twitter user known as Hodlonaut, both in the United Kingdom and Norway. This legal battle began when Hodlonaut denied Wright’s claims of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin by supporting a social media campaign. nChain had him doxxed and then threatened with legal action if he did not admit that Craig Wright was Satoshi. Wright’s decision to drop the lawsuit has been met with jubilation across the cryptocurrency community, as Hodlonaut announced the news on Twitter, expressing relief and gratitude towards his supporters.
The end of this lawsuit marks a significant moment, as it not only concludes a high-profile case but also underscores the challenges of sustaining defamation claims when you do not have enough budget to support them.
Patent Revocation Proceedings
Simultaneously, Craig Wright’s efforts to assert control over certain Bitcoin-related patents have also hit a roadblock. David Pearce, a prominent UK patent attorney better known as Tufty The Cat, has been instrumental in challenging these patents. Recently, he reported that Wright’s legal representatives had pulled back a claim under notable circumstances. They leveraged a guideline from the European Patent Office (EPO) that necessitates revocation of a patent if the proprietor withdraws approval of the text in which the patent was granted without submitting an amended text.
This strategic withdrawal appears to be an attempt to preempt a losing battle, as Pearce highlighted the inevitability of the patent’s revocation given these developments. The case reveals complexities in patent law, particularly in how claims are managed and revoked, which could set precedents for future intellectual property disputes in tech.
Implications and Reactions
The conclusion of the defamation lawsuit and the impending revocation of Wright’s patent are both seen as victories for the community, which generally values decentralization and resists attempts at centralized control, whether through legal claims or patent rights.
Community members, including influential voices like Bitcoin Gandalf, have publicly supported Hodlonaut, equating his perseverance to a victory for the broader community against attempts to centralize influence over Bitcoin. The sentiment reflects a broader distrust towards what many perceive as Wright’s attempts to co-opt Bitcoin’s narrative and technology.
These legal episodes are likely to have lasting implications. For Wright, these setbacks may represent a significant blow for his ability to continue litigation. For the community, these developments reinforce a collective resistance against what they see as ongoing overreach.
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- Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
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