Criag Wright Officially ‘Not Recognized’ as Satoshi; Sues Challenger on Twitter

He is demanding a penalty and an apology in open court about refuting Craig’s claims that, he is Satoshi Nakamoto, the creator of Bitcoin. The details …

The US Copyright Office caught wind of the recent events related to the Bitcoins Whitepaper Registration. Some media sources went as far as calling him ‘Satoshi Nakamoto’ with confirmation based on the fact the Copyright was granted to him.

Furthermore, the price of Bitcoin SV [BSV] went up by more than 100%; it rose from $61 to record a high of $135 in a jiffy. It held more than 80% gains on the following day as well.

Also Read: Bitcoin SV [BSV] Holds 80% Gains; MIT License To Challenge Craig’s Copyright?

US Copyright Office Issues Press Release on the Bitcoin Copyright Registration

According to the press release by the US Copyright Office, while Craig Wright has officially sworn in at the office that he is, in fact, the original author and claimant of the Bitcoin White Paper,

“The Copyright Office does not have an opposition procedure for copyright registrations, such as the procedures available at the Patent and Trademark Office for patents and trademark registrations. Disputes over the claims in a registration may be heard before federal courts, including disputes over authorship of a work. Someone who intentionally includes false information in an application may be subject to penalties.”

The US Copyright Office replied that especially in Bitcoin’s case in which a ‘pseudonym,’ or a fictitious name is used, which is common in literature and entertainment industry, they do not verify the claims.

“In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”

Craig Wright Sues Peter McCormack

Peter McCormack had earlier challenged Craig Wright’s claims saying he would fight till the end in a court to prove that Craig Wright isn’t Satoshi Nakamoto.

Craig Wright actually sued McCormack over the claims. According to the lawsuit, Craig Wright had filed a defamation case against Peter McCormack on 2nd May among other things. He is demanding a penalty and an apology in open court about refuting Craig’s claims that, he is Satoshi Nakamoto, the creator of Bitcoin. The details are not made public as they are sub judicial.

A new deadline for 24th May 2019 has been served to Peter McCormack under UK laws, to which McCormack has tweeted,

“RE: Craig Wright…I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week. Let’s go get this motherf**ker!”

Crypto-Twitter seems to back Peter McCormack as they did during the fight with @hodlonaut. Pro-bono offers from lawyers and GoFundMe campaigns also began to support Peter against Craig in court. The drama will unfold in court in soon.

Do you think that proving Satoshi’s identity is detrimental for cryptocurrency markets? Will Craig Wright be successful in determining his claim? Please share your views.

Summary
Criag Wright Officially 'Not Recognized' as Satoshi; Sues Challenger on Twitter
Article Name
Criag Wright Officially ‘Not Recognized’ as Satoshi; Sues Challenger on Twitter
Description
The US Copyright Office caught wind of the recent events related to the Bitcoins Whitepaper Registration. Some media sources went as far as calling him ‘Satoshi Nakamoto’ with confirmation based on the fact the Copyright was granted to him.
Author
Nivesh Rustgi
Publisher Name
CoinGape
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Crypto Outcry – New Change.org Petition Aims to Stop Bitcoin ‘Creator’ Craig Wright

Wright, who says he created Bitcoin under the pseudonym Satoshi Nakamoto, recently filed two separate applications with the U.S. Copyright Office for …

A new petition on Change.org aims to stop Craig Wright from laying claims to any authorship of the Bitcoin white paper or the Bitcoin code.

Wright, who says he created Bitcoin under the pseudonym Satoshi Nakamoto, recently filed two separate applications with the U.S. Copyright Office for authorship of the seminal Bitcoin paper entitled, “Bitcoin: A Peer-to-Peer Electronic Cash System” as well as the Bitcoin code. The filings have caused a stir in the crypto community with supporters claiming that Wright is not the inventor of Bitcoin.

Wright is, indisputably, the force behind Bitcoin SV, a competing fork of Bitcoin.

In addition to the filings, a press release published by CoinGeek, owned by BSV supporter Calvin Ayre, asserts that Wright is now officially recognized as the creator of Bitcoin.

The petition, “Remove Craig Wright’s name from Bitcoin whitepaper copyright”, has crossed 580 signatures, at time of writing.

According to the petitioner,

“Remove Faketoshi needs your help.”

“A few days ago [Craig Wright] crossed the line by filing a copyright for the bitcoin whitepaper, considered sacred for many, this has caused many gullible people to invest in the so called “real bitcoin”, Bitcoin SV, by making Craig Wright, the creator of Bitcoin SV look like Satoshi. This is an extremely unethical act conducted by Craig and the real Satoshi cant even dispute the claim as he has been and probably wants to continue stay anonymous.”

You can check out the full petition here.

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US Copyright Office Does Not Acknowledge Craig Wright As Bitcoin’s Creator, Satoshi Nakamoto

Almost everyone in the crypto world knows that Craig Wright, one of the main names behind Bitcoin SV (a hard fork from Bitcoin Cash, which …
US Copyright Office Does Not Acknowledge Craig Wright As Bitcoin's Creator, Satoshi NakamotoUS Copyright Office Does Not Acknowledge Craig Wright As Bitcoin's Creator, Satoshi Nakamoto

Almost everyone in the crypto world knows that Craig Wright, one of the main names behind Bitcoin SV (a hard fork from Bitcoin Cash, which happened last November), claims to be Satoshi Nakamoto, the creator of Bitcoin. However, hardly anyone actually recognized him as such and now it was the time for the U. S. Copyright Office to affirm that no one is actually recognized as the creator of BTC.

According to the press release sent out by the Copyright Office, there is a general rule in which whenever the office receives an application for the registration of any copyright claim, it is the person claiming the patent that certifies the truth of its own statements. The office affirmed that they do not investigate the truth behind any statement made.

Because of this, if someone registers any kind of work using a pseudonym such as Satoshi Nakamoto, they simply accept it unless there is some very clear issue or anything false in the statement. The system is heavily automatized.

All it takes if you want to register the copyright of something is basically to have $55 USD available to pay for the process and to have a stable internet connection.

You may be asking yourself why is this office from the government actually talking about this and claiming that they do not officially recognize Craig Wright as the creator of Bitcoin. The answer, obviously, has a lot to do with how Craig Wright just keeps affirming things which are not proven to be the actual truth.

Yesterday, May 21, Wright sent out a press release affirming that the government has just accepted him as Satoshi Nakamoto. According to the release, the registrations issued by the U. S. Copyright Office appoint that Wright is the creator of Bitcoin, using the pseudonym Satoshi Nakamoto.

This was basically another attempt from Wright to rig the system in order to prove what clearly no one does believe: that he is Satoshi Nakamoto. He has no proof of that, so he keeps finding the silliest ways to try to create an alternative reality in which he is right.

The moral of the story is that the U. S. Copyright Office doesn’t actually recognize anything, it is just a repository used to protect people who create art. Better try harder next time, Wright.

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This “Vitalik Boterin” Artificial Intelligence Bot Comes a Long Way in Impersonating Buterin’s Tweets

David Moskowitz developed Vitalik Boterin, an AI-supported Twitter account. The bot uses machine learning, and sources information from various …
This This
  • David Moskowitz developed Vitalik Boterin, an AI-supported Twitter account.
  • The bot uses machine learning, and sources information from various social media accounts to create tweets like the Ethereum co-founder.

Technology is a beautiful thing, and the way that the market is handling the progress of artificial intelligence (AI) tech is opening new doors constantly. Just a few days ago, a startup published an AI program that is able to mimic the voice and tone of Joe Rogan almost perfectly. However, as reported by The Next Web’s Hard Fork, there is a newly launched version of this tech that has impressive accuracy in mimicking Vitalik Buterin, the co-founder of Ethereum, on Twitter.

The bot, which is named Vitalik Boterin, is powered with machine learning (ML), consistently tweeting various statements that look a lot like what Buterin himself posts.

The idea that *all* problems can be solved by “maximalism” is to many people a familiar theme of this space; I call it “optimism as a store-of-value”

— Vitalik Boterin (@VBoterin) May 14, 2019

Since Boterin does not have the same needs as a human account, the bot can post at any time of day to “drop knowledge,” as Hard Fork writes. Buterin does not appear to have an issue with the bot, even reposting a tweet from the account.

The bot gets it.@glenweylhttps://t.co/sytCLAsDHD

— Vitalik Non-giver of Ether (@VitalikButerin) May 14, 2019

To compare with the real Buterin account, here is a recent post shared by the Ethereum co-founder.

Privacy schemes where the anonymity set of a single transaction is smaller than the entire set of users of the scheme are looking weaker and weaker with every passing month… https://t.co/vTHNQRsVUT

— Vitalik Non-giver of Ether (@VitalikButerin) May 10, 2019

To gain the knowledge needed to create these posts, the bot is constantly given various tweets, articles, and Reddit posts to get a better feel for Buterin’s general disposition. Aiding in this learning, Buterin actually recommended adding Reddit posts to the information that the bot evaluates.

The creator of the account, David Moskowitz, spoke with Hard Fork about the development, saying that he was inspired to use ML during a bootcamp with other developers that centered around AI tech. Upon discovering that there were already developers that have created AI-supported bot accounts for President Donald Trump, Moskowitz wanted to dip his feet in the water by connecting the tech with cryptocurrency.

He called Buterin “a prolific writer and tweeter,” which gives his bot plenty of content to learn from. He added that he believed Buterin would find the account to be in good fun, considering Buterin’s “good sense of humor.” Furthermore, Moskowitz said that he would likely appreciate the technology that supports the bot.

To encourage the public to try out their own variations of the body, the technology is completely open source, and Moskowitz specifically uses the GPT-2 deep-learning neural net, albeit a limited version. This is most likely due to the fact that creator OpenAI believed that the project was too dangerous for release, considering the ability to manipulate online communication, specifically in social media.

The neural net uses word prediction from what it has learned on the internet to develop sentences. According to Open AI, it can create samples that are fairly close to what a human would say and has relatively impressive coherence that can last throughout about a page of text. The bot made by Moskowitz still requires management, but the only changes that he makes are grammatical, like changing a capital letter. Still he feels confident about the posts, and understanding what Buterin would most likely write, which makes it easy for him to be selective.

At this point, Boterin is still learning, but Moskowitz wants to retrain it with new models that OpenAI produces. He points out that the biggest issue is that these bots need enough data to accurately mimic the user, but he is “cleaning up the full tweet and Reddit databases” to improve the quality.

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EOS developer Block.one buys back 10% of its stocks

As per a press release, Michael Novogratz’s crypto merchant bank Galaxy Digital accepted the tender offer and completed the transaction with …

According to a report by Bloomberg, EOS developer, Block.one, is planning to purchase 10% of its stocks through a private buyback. Back in 2017, during the seed round, the company was valued at $40 Million. The buyback will raise the stock values of the company to about $ 2.3 Billion. The repurchase price is about $1,500 per share, in comparison to the fundraising price of $22.50 per share.

This action will mean that Block.one will return as much as 6567% to its earliest investors—in less than 3 years. Billionaire and PayPal co-founder, Peter Thiel, Jihan Wu of Bitmain, and hedge fund managers, Alan Howard and Louis Bacon, — all of whom bought into the company back in July 2018 are considered to be the major beneficiaries of this transaction.

As per a press release, Michael Novogratz’s crypto merchant bank Galaxy Digital accepted the tender offer and completed the transaction with Block.one for $71.2 million, selling a majority of the Company’s position and realizing a 123% return on investment. As per Galaxy Digital, “The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio (of Galaxy Digital) to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio.”

It is to be noted that less than 1 year back there was a stock repurchase offer in which Block.one sought to acquire 15% of its outstanding shares at $1,200 each.

The action has faced some criticism in the crypto circle with people fearing that this might lead to lesser transparency since it will consolidate ownership and have lesser outside attention.

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