Wednesday, June 22, 2016

I Wonder What Bitcoin Fanboys Think About This Development

Craig Wright, the Australian who claims to be the mysterious bitcoin inventor ‘Satoshi Nakamoto’, is seeking ways to increase his patent portfolio around the cryptocurrency and its technology, Reuters reports.

Wright has filed for more than 50 patent applications in the UK, using the Antigua-registered firm EITC Holdings. That number is expected to grow to at least 400 patent applications.

If Wright manages to get at least several patents, that may bring additional difficulties to companies intending to invest in the blockchain technology underpinning bitcoin.

"It looks like he is trying to patent the fundamental building blocks of any blockchain, cryptocurrency, or distributed ledger system,” a consultant on bitcoin issues, Antony Lewis, told Reuters.


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