Breaking news worth discussing as it may impact the whole cryptocurrency space. Here are some hot takes from around the web:
After receiving confirmation from Wright that he is Satoshi Nakamoto, the Copyright Office granted the following registrations...
CCN:
...anyone can register a copyright claim. It’s not necessarily proof of ownership or recognition by the US Copyright Office itself.
A news release from May 21 claims that U.S. officials have received confirmation that Wright is indeed Satoshi Nakamoto, but the news has been met with skepticism from some crypto commentators.
The US Copyright Office is the first government agency to recognize Wright as the author of the whitepaper, as well as the main writer behind the code that was published in January 2009.
I personally think that last one is bogus as the government didn't really validate anything (as far as I know), and I heard there's only a $2,500 fine for submitting false information.
It seems the market is responding as one would expect for Wright's Bitcoin SVG coin (which many believe is disingenuous and was recently delisted by many top exchanges, causing all kinds of controversy):
This is a crazy spike:
This is ridiculous. We still have exit scams everywhere and if one person can pump the market like this with the help of the government... well, that's certainly not the permission-less, censorship-resistant, programmable money for the unbanked I signed up for. I get a bit discouraged when I see drama like this. In 2013, I thought things would be different.
Maybe other cryptocurrency projects like Steem, EOS, BitShares, or SmartCash will be better, but I've seen my share of drama within those communities as well. At the end of the day, it comes down to some simple natural law ideas:
The amount of freedom we have is directly proportional to the level of moral cooperation we engage in.
Until we understand this truth and work together for cooperation, we will never increase our freedom, no matter how many cool technologies we invent.
Humans are the problem.
Thankfully, humans are the solution as well.
You are the solution. Start with you and model something worthwhile for your kids. Let's grow up as a species and get past ridiculousness like this. Governments will continue to create systems of regulation and enforce them with threats of violence if we can't level up our consciousness and work to create a better world.
What do you think about Craig Wright's actions? Some argue he's the front-man for the real Satoshi or he obtained access to the Satoshi wallets and has server farms running trying to crack the passwords and all this legal action is to claim legitimate control once he does. Who knows what's real anymore. Could this be the beginning of the end of Bitcoin's dominance in the cryptocurrency space?
Updates:
The increase in buying pressure has likely been caused by those convinced by pro-Bitcoin SV news sources and Twitter accounts that Wright has been successfully granted a copyright for the Bitcoin code and whitepaper, rather than just announcing that he has registered a patent.
As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made.
