What if Satoshi Nakamoto wants Bitcoin privatized? It seems likely that Dr. Craig Wright wants exclusive rights over Bitcoin. Yet people who are using Bitcoin and are benefiting from it would like Bitcoin to become open source as long as possible.
Jack Dorsey, the former CEO of Twitter, is building a legal team to fight the potential over control of Dr. Craig Wright, a true Satoshi Nakamoto.
Here is a 1 min summary of the article if you want to skip the reading.
Who Is Satoshi
We do not precisely know who Satoshi Nakamoto is. We only know that he or a group of people invented Bitcoin, the first cryptocurrency widely used around the world nowadays.
Who Is Dr. Craig Wright
He is the person who claimed himself to be Satoshi Nakamoto and solely invented Bitcoin. He also wanted to control Bitcoin and make Bitcoin exclusive fully. He was patented the Bitcoin white paper worldwide to make it inaccessible to people around the world in the past.
When Dr. Craig Is Satoshi
If Dr. Craig Wright is truly Satoshi Nakamoto, he will privatize Bitcoin. He will control Bitcoin technology, including the code and the whitepaper for others to use for free. He will make open-source cryptocurrency a closed source.
Jack Dorsey created Crypto Open Patent Alliance to free all crypto materials from patent laws. It is a movement to make crypto become an open-source technology that everyone can participate in and develop from. A patent will slow down technology progress and makes technology centralized.
Bitcoin Legal Defense Fund
Jack Dorsey created another fund to help crypto developers freely develop technology without worrying about lawsuits. Like Dr. Craig Wright, who may sue everyone to use Bitcoin technology, Bitcoin Legal Defense Fund will help individuals and protect them from being sued by Dr. Craig if he becomes Satoshi.
Cryptocurrency is always an open-source technology from day one. Therefore, privatizing cryptocurrency is against the idea of decentralizing the current system and moving backward, which we do not want in the future.
I think Jack Dorsey is right about his legal funds to continue serving coders and developers to seek the advance of crypto technology without worrying about being sued by an individual who wants to control the technology.
This article is also published in Cryptologist as parnership publication.
Photo by Henry Hustava on Unsplash
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.