Behind the explosion of BSV: Satoshi O’s identity is re-examined, are Koreans adding fuel to the flames?

The supporters of “big blockism” finally used the pull plate to return to people’s eyes.

Editor: 0xAyA, Odaily Planet Daily

According to OKX data, the price of BSV is currently at $91.6, up more than 80% in two days. This supporter of “big blockism” has returned to people in the bull market in the most direct way - pulling the market.

The community was looking for the cause of the outburst. At this time, news about BSV founder “Auburn Satoshi” Craig Wright jumped into people’s attention - he will be tried in the UK in February next year, which will end the controversy surrounding Craig. The “identity” dispute. Since announcing himself as the “Father of Bitcoin,” Wright has experienced a series of related lawsuits, large and small, including property rights disputes and defamation, but this is the first time he has been sued for “certification of identity.”

Who is Craig Wright? He is an Australian computer scientist and entrepreneur. Extensive knowledge and experience in cryptography, cybersecurity and digital currencies. He claimed to be Satoshi Nakamoto, the creator of Bitcoin, but this claim was controversial, and Wright was also called “Satoshi Nakamoto”.

He claimed in 2016 that he would provide technical proof of Bitcoin, but later did not have sufficient evidence to support his claims, leading many to question his identity. In addition to Bitcoin, Wright has also dabbled in other digital currencies and blockchain projects. He is one of the founders of nChain, a company that focuses on the research and development of blockchain technology. He is also the leader of the BSV fork - a move that backstabbed Wu Jihan and Bitmain at the time. BCH.

At that time, the Bitcoin Core and Classic development teams completely broke up and split into two chains, BTC and BCH. With the strong support of Bitmain, BCH’s network and community grew rapidly, and it became a mainstream currency shortly after its birth. However, the good times did not last long. Just one year after the BCH fork, Craig Wright publicly proposed the Bitcoin ABC version. After protesting, he immediately announced to stand on his own, and forked out a new chain BSV in November 2018. The love-hate relationship with BCH is still entangled to this day.

On the 15th of this month, the British High Court held a pre-trial hearing on Wright’s “identity issue.” The British court stated that this trial is “a trial about whether Dr. Wright is the pseudonym ‘Satoshi Nakamoto’, the person who created Bitcoin in 2009.”

This prosecution was initiated by COPA (Crypto Open Patent Alliance). COPA is an alliance composed of more than 30 companies representing the cryptocurrency industry, including Meta, Coinbase, MicroStrategy, Kraken, Chaincode Labs and Uniswap. It was established to reduce the possibility of patent litigation related to cryptocurrency. The goal This is used to build a free and open source development environment.

Just in April 2021, COPA asked the British court to declare that Dr. Wright was not Satoshi Nakamoto. On the 20th, COPA stated in an official statement, “This trial (COPA v. Wright) aims to refute Dr. Wright’s claim that he is the author of the Bitcoin white paper and the founder of Bitcoin, Satoshi Nakamoto.”

The trial was originally scheduled to begin on January 15 next year, but the judge agreed that the defense needed time to analyze the context of additional documents and data. As a result, the trial hearings were postponed by approximately two weeks, meaning that the trial would begin in late January or early February and end in mid-March.

If the court’s verdict is in favor of Craig Wright, then BSV will undoubtedly receive major benefits. Interestingly, reports about Craig Wright have also been ranked first in the popularity list in the Korean media.

As we all know, South Korea’s encryption market has always been famous for its extreme enthusiasm. Is the so-called “Korean power” behind this crazy rise adding fuel to the flames?

We must also see the multi-factor impact of the market. Korean investors may only have played a major role in this rise, while the real “crocodiles” are lurking behind the K-line, quietly waiting for the final judgment to arrive.