“We’ve seen a cascading effect from the pronouncement on a host of other litigations globally,” says Grewal. “For people outside of crypto, [all this] might sound cartoonish. But with Wright’s claims falling by the wayside, the community can exhale. We think it’s a real win.”
The ruling has also had implications for Bitcoin Satoshi Vision, or BSV, a separate cryptocurrency network created by Wright in 2018. The idea was for BSV is to cleave “as closely as possible to Satoshi’s original design,” as the website describes it. In the days after the judge ruled that Wright is not Satoshi, the price of the BSV token fell by 40 percent.
The BSV Association did not respond immediately to a request for comment.
In declaring that Wright is not Satoshi, the judgment will prevent him from bringing further lawsuits in the UK. It was crafted, Mellor writes, to ensure that Wright…
