O que acontecerá com o Bitcoin caso Craig Wright prove ser Satoshi Nakamoto? ChatGPT responde

Craig Steven Wright: A Dispute Over the Creator of Bitcoin

Craig Steven Wright (CSW), a 54-year-old Australian, is currently being sued by the Crypto Open Patent Alliance (COPA), a group of companies and individuals that doubt Wright's claim of being the creator of Bitcoin. The court battle began on Monday (5th) and entered its second day on Tuesday (6th). Reports from journalist Lucia Osborne-Crowley, who was just two meters away from Wright, described him as "extremely calm" and "very smiley, very chatty" on the first day of the hearing.

While very few people believe that Wright could actually be Satoshi Nakamoto, the creator of Bitcoin, it is worth considering what would happen if he were able to prove his claims. It appears that this lawsuit is Wright's last chance to do so. Therefore, what would happen to the price of Bitcoin if Craig Wright were to prove he is the creator of Bitcoin?

Estimating the Impact on Bitcoin's Price

Estimating what would happen to the price of Bitcoin if Craig Steven Wright were to prove himself as the creator of Bitcoin is difficult. To get an answer to this question, we turned to an artificial intelligence (AI) system. According to the ChatGPT, such a revelation could create significant volatility in the market. The AI responded by stating, "If Craig Wright definitively and indisputably proved to be Satoshi Nakamoto, the price of Bitcoin could experience initial volatility. The confirmation of his identity as the creator of Bitcoin could generate uncertainty and speculation in the cryptocurrency market."

This would have a substantial impact not only on Bitcoin but also on the entire cryptocurrency market. In terms of Wright's "holdings," the AI is referring to 1.1 million bitcoins associated with Satoshi Nakamoto. Currently valued at around R$237 billion, this would make the true creator of Bitcoin the 27th wealthiest person in the world. To put this into perspective, MicroStrategy holds 189,150 BTC (valued at R$40.7 billion), and all Bitcoin ETFs combined hold 807,832 BTC (valued at R$174 billion). Therefore, the amount owned by Nakamoto is staggering if one were to consider selling.

Other cryptocurrencies that would be severely affected are Bitcoin clones, as Satoshi Nakamoto also possesses 1.1 million coins from these other networks. The best example is Bitcoin Cash (BCH), currently the 20th largest cryptocurrency in the market.

Bitcoin Belongs to No One, but to Everyone

Bitcoin is a decentralized project, meaning that no one can make changes without consensus. Therefore, even if Craig Steven Wright were to prove himself as the creator of Bitcoin, it would have no effect on the functioning of Bitcoin itself. In other words, Wright would have no control over the code.

However, it is worth noting that Wright has already filed lawsuits against Bitcoin developers and exchanges. As a result, it is possible that some well-known figures may abandon the project to avoid legal troubles, potentially returning as anonymous contributors in the future. Some people believe that this is already happening, not only due to Wright's lawsuits but also because of government and security concerns. In recent years, several developers have abandoned BTC, including Wladimir van der Laan, who maintained the code for 8 years.

Progress of the COPA Lawsuit Against Craig Wright

The COPA lawsuit against Craig Wright began on Monday (5th) and is expected to continue until March 15th, with a pre-determined schedule in place. Prior to the start of the trial, Wright offered a proposal to COPA to settle the case, but it was rejected. As of now, not much new information has emerged from the two days of hearings. COPA claims that Wright forged documents, while the Australian continues to assert that he is the creator of Bitcoin. One example of this is the case involving the control of Bitcoin.org, which is currently under the administration of Cobra, who was also sued by Wright. "Many of my data has been lost or deleted," Wright commented. "It's much more straightforward ? you forged it," COPA responded.

Other allegations from both sides of the lawsuit can be followed on the aforementioned Twitter profile. Norbert (@bitnorbert) is providing real-time updates on the legal battle and will continue to follow the case until its conclusion. Finally, Wright would only need to sign a message with the Bitcoin address used in the genesis block to prove that he is indeed Satoshi Nakamoto. However, in 2022, under oath, CSW said that he "dumped the hard drive" containing his bitcoins and other information. Due to the lack of concrete evidence, it is difficult to imagine that Wright is Satoshi Nakamoto. Therefore, it seems that the lawsuit is merely a counterattack by COPA, which includes companies such as Block, Ark, and MicroStrategy, to silence CSW once and for all.