Self-proclaimed Bitcoin creator Craig Wright has reportedly filed registrations with the U.S. Copyright Office for the original Satoshi Nakamoto white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” and “Bitcoin,” the original 2009 code behind the cryptocurrency.
“In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem,” reads a press release from Wright and nChain. “Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software.”
Jimmy Nguyen, founding president of nChain, commented that he and his company are “thrilled to see Craig Wright recognized as author of the landmark Bitcoin white paper and early code.”
“Better than anyone else, Craig understands that Bitcoin was created be a massively scaled blockchain to power the world’s electronic cash for billions of people to use, and be the global data ledger for the biggest enterprise applications,” he said.
“We look forward to working with Craig and others to ensure his original vision is recognized as Bitcoin and is realized through BSV.”
Copyright filing does not imply ownership
It should be made clear that a copyright registration does not imply ownership. Neither is it an official patent. Copyright filings can simply be made in an effort to prepare for lawsuits regarding ownership.
“In general, registration is voluntary. Copyright exists from the moment the work is created,” says the U.S. Copyright Office. “You will have to register, however, if you wish to bring a lawsuit for infringement of a U.S. work.”
“People register things for a reason. They want to exploit it and they want the credit for it,” said David H. Faux, Esq., an intellectual property attorney based in New York City.
“Someone dishonest would register the Bitcoin white paper to put it on his website and get speaking engagements. But at some point it would catch up with him. The market takes care of itself.”
BTC is not Bitcoin
Wright, meanwhile, has emphasized that BTC is not the Bitcoin that he claims to have created.
“BTC is not bitcoin. Bitcoin is set in stone and does not change. Where there is a protocol change, there is developer control which is the exact opposite of what bitcoin is about,” he said.
“BTC is passing off as Bitcoin. It is an air drop copy that has been designed to slowly alter the protocol allowing the system to be anonymized to such an extent that criminal activity can happen. The goal is to create a system that allows people to commit crimes, extort money, have automated ransomware and worse. This is not the goal of Bitcoin.”