A computer expert who claims to be the mysterious founder of the digital currency Bitcoin has recently denied forging documents to prove his claims.
53-year-old Dr. Craig Wright, came today to the London court for the second day of the bombastic trial to solve the origin of the cryptocurrency, writes the British network TheSun.
The Australian-born Brit says he created Bitcoin in 2008, under the false name of founder ‘Satoshi Nakamoto’.
But cryptocurrency patent officials Crypto Open Patent Alliance (Copa) believe otherwise and filed a lawsuit against it in 2021, saying it is not actually the pseudonym.
Copa officials insist that Wright repeatedly falsified documents to support his claims and that he changed his version when inconsistencies were discovered.
While Wright denies the charges and blames others such as former colleagues and lawyers for the forgeries.
Plaintiff Hough asked Wright, “Have you ever forged documents to claim that you are actually Satoshi Nakamoto?
Wright answered “no”.
The cryptocurrency world also believes that Wright is not the real Nakamoto, the name that was actually developing Bitcoin until December 2010, as Wright claims he did until 2016.
Whoever is the creator of Bitcoin, he already has a fortune of about 40 billion dollars.
This currency is a form of digital currency that is created by “digital mining” through complex calculations performed by computer power.
Its payments are made in an alternative form or as a speculative investment, but therefore eliminates the need for central authorities such as banks or governments, for its issuance and circulation.
Speculation about Nakamoto’s true identity has been going on for years and has involved cryptography experts in Europe and the US.
In 2015, the American magazine Wired wrote that Wright “either invented Bitcoin or is a brilliant fraud who makes us believe that he did”.
Jonathan Hough KC, representing the Copa authority, told the court yesterday that Wright’s claim was “an elaborate lie supported by forgeries on a massive scale”.
Hough said: “Based on the dishonest claim that he is Satoshi, he seeks to benefit from billions of dollars but in fact has filed documents that show signs of tampering.”
But others commented that Wright has an “extremely serious” demeanor about the consequences one can have with such claims.
Earlier, a Wright spokesman described the trial as a “real battle” over who will set the rules on the Bitcoin blockchain – the digital data that tracks and verifies ownership of the digital currency.
He told The Guardian: “A modern-day battle like this is akin to Blu-ray vs. DVD, or Betamax vs. VHS tapes.”
Currently the Bitcoin market is estimated at a value of 700 billion dollars.
Wright offered last month to settle the case out of court, but Copa officials declined, according to them “regrettably.”
The group added that such a settlement would “allow him to sue people again,” referring to Wright’s right to sue for defamation against those who have denied that he is the true founder of Bitcoin or those who have called him a ‘fraudster’ ‘.
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