No menu items!
EletiofeThe Trial Over Bitcoin’s True Creator Is in Session

The Trial Over Bitcoin’s True Creator Is in Session

-

- Advertisment -

For eight years, Craig Wright has claimed to be the elusive Bitcoin creator Satoshi Nakamoto. On Monday, in the swelling heat of a UK courtroom, a trial began that will finally settle the question.

Wright, flanked by his legal team, appeared relaxed during opening arguments, leaning back in his chair with one leg crossed over the other. That calm belied both the stakes of the trial, which has major ramifications for the future of Bitcoin and the forceful rhetoric of the plaintiff’s lawyer Jonathan Hough, who called Wright’s claim to Satoshi-hood a “brazen lie.”

The lawsuit Wright faces was brought by the Crypto Open Patent Alliance, a nonprofit consortium of crypto and tech companies. COPA claims that Wright’s recent history of filing intellectual property lawsuits—predicated on his claim of being Bicoin’s inventor—has had a “chilling effect” on Bitcoin, driving developers away. To prevent him from impeding the development of Bitcoin any further, it is asking the court for a declaration to the effect that Wright is not Nakamoto.

Nearly three years after filing the lawsuit, COPA today had its first chance to outline its case against Wright at trial. Since Wright first claimed to be Nakamoto in 2016, said Hough, he has “terrorized” Bitcoin developers. “COPA has brought this claim to bring a stop to this conduct,” said Hough.

In contrast to some recent crypto lawsuits, like the fraud trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which became something of a piece of public theater, the COPA v. Wright case has attracted little attention. A small band of photographers gathered outside the courthouse Monday; inside, a few reporters and crypto watchers jostled for the limited available seating. But the case has the potential to be highly consequential.

A trio of related lawsuits previously brought by Wright, in which he is seeking to assert intellectual property rights over Bitcoin, will be bound by the ruling. If COPA is successful, Wright will have difficulty taking these claims any further. If Wright wins, and is successful in his own cases thereafter, he would be free to act as Bitcoin’s gatekeeper, deciding who is allowed to work on the codebase and under what terms the system can be used.

The stakes are “very high,” says a representative of the Bitcoin Legal Defense Fund, a nonprofit that is funding the defense of Bitcoin developers in a separate lawsuit filed by Wright, who asked to remain nameless for fear of legal retaliation from Wright.

The respective opening arguments offered an early indication of both COPA’s strategy for dismantling Wright’s claims—in short, to discredit through forensic analysis the raft of documentary evidence Wright has put forth—and Wright’s intended approach to countering the accusations of forgery.

The bulk of Hough’s opening address focused on the ways in which Wright had allegedly forged or manipulated documentary evidence that, if credible, would indicate that he is Nakamoto. Among various allegations, Hough accused Wright of running back his computer clock to make documents appear as if they were created before Bitcoin existed, of deleting files and altering others on a hard drive whose contents he entered into evidence, and of attempting to fabricate new evidence after experts in forensic document analysis identified issues with existing materials.

Hough emphasized repeatedly that experts commissioned by Wright, as well as COPA, had identified reasons to believe the documents had been tampered with. “Wright cannot point to any verifiable documents that support his claim to be Satoshi Nakamoto. He has singly failed to give that proof,” Hough told the courtroom. Elements of Wright’s conduct, he claimed, have “strayed into the realm of farce.”

By the time Hough had finished cataloging Wright’s alleged misrepresentations, three hours had elapsed. Occasionally, as Hough presented a particular exhibit or made a particular claim, Wright whispered in the ear of his counsel or scribbled something down on paper, but he looked otherwise unperturbed.

The defense opted for a more succinct approach. Delivered by Lord Anthony Grabiner, the defense’s opening argument did not address the specific allegations of forgery. Instead, Grabiner focused on what he called the “philosophical differences” between Wright and the plaintiffs that might explain “unusual features of Dr. Wright’s behavior”—namely, his unwillingness to prove publicly that he possessed private credentials tied to wallets owned by Nakamoto. Doing so would be contrary to Wright’s “core belief,” claimed Grabiner, in the privacy-preserving potential of cryptocurrencies.

The burden of evidence will be on COPA, as the plaintiff, to demonstrate that Wright is not who he claims to be. To that end, Grabiner pointed to the absence of any other credible candidate in the search for Nakamoto. “An interesting feature of this case is the non-appearance of a competing Satoshi Nakamoto claim,” said Grabiner. “It’s sort of Hamlet without the prince.” Although COPA intends to pick apart Wright’s documentary evidence, it has “been unable to point to any evidence that Wright is not Satoshi,” he claimed.

Wright will take the stand on Tuesday; his testimony is expected to last up to six days. His ability to account for the findings of the forensic reports and explain away the lack of incontrovertible evidence in his favor will say much about whether he is truly the long-lost creator of Bitcoin. Or rather, as Hough would have it, that “Wright’s claim to be Satoshi is a lie.”

Latest news

7 Best Handheld Gaming Consoles (2024): Switch, Steam Deck, and More

It feels like a distant memory by now, but right before the Nintendo Switch launched in 2017, it seemed...

The Boeing Starliner Astronauts Will Come Home on SpaceX’s Dragon Next Year

NASA has announced that astronauts Barry Wilmore and Sunita Williams will return to Earth next February aboard SpaceX’s Dragon...

How to Switch From iPhone to Android (2024)

Ignore the arguments about which is better, because iPhones and Android phones have far more in common than some...

12 Best Tablets (2024): iPads, Androids, and More Tested and Compared

Tablets often don't come with kickstands or enough ports, so it's a good idea to snag a few accessories...
- Advertisement -

Will the ‘Car-Free’ Los Angeles Olympics Work?

THIS ARTICLE IS republished from The Conversation under a Creative Commons license.With the Olympic torch extinguished in Paris, all...

Lionel Messi will return before MLS playoffs, says Inter Miami coach Tata Martino

Inter Miami head coach Tata Martino said on Friday that Lionel Messi will return to the team's lineup before...

Must read

7 Best Handheld Gaming Consoles (2024): Switch, Steam Deck, and More

It feels like a distant memory by now, but...

The Boeing Starliner Astronauts Will Come Home on SpaceX’s Dragon Next Year

NASA has announced that astronauts Barry Wilmore and Sunita...
- Advertisement -

You might also likeRELATED
Recommended to you