Ripple CTO Debunks Craig Wright’s Claims About Bitcoin Partnerships

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Ripple CTO David Schwartz has weighed in on a recent argument made by Craig Wright, who claims to be Bitcoin’s creator, Satoshi Nakamoto. Wright, involved in several legal disputes over Bitcoin’s intellectual property, continues to assert that he is Nakamoto. In 2016, Wright publicly declared himself the creator of Bitcoin, but has since faced legal challenges, including a recent ruling by the U.K. High Court, which discredited his claim.

Craig Wright’s Legal Actions Target Bitcoin Core Developers

Wright recently filed a new lawsuit against Bitcoin Core developers, seeking £911 billion in damages. He accuses the developers of misrepresenting Bitcoin (BTC) as the original version, while claiming that Bitcoin SV (BSV) is the true version of Bitcoin.

Wright’s ongoing legal battles and his vocal stance on the matter have kept him in the spotlight, particularly on social media platform X, where he frequently airs his opinions.

Wright’s Argument on Partnership Responsibility

In one of his recent posts, Wright discussed legal partnerships and accountability. He argued that when a partnership is sued, and only one partner responds while others remain silent, it shows irresponsibility.

Wright highlighted that partnerships, unless structured as limited liability partnerships (LLPs), usually operate under joint and several liability, meaning each partner is fully responsible for any legal claims. He also stated that when some partners don’t respond, courts focus on those who do.

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Wright’s latest post on Bitcoin Core attracted attention from the crypto community. One X user pointed out that Bitcoin Core isn’t a legally recognized partnership, and that contributors to open-source projects don’t automatically become part of a partnership.

This argument might almost work if you tried to target all bitcoin holders. At least then you can argue that the token represents shares of the partnership and they have agreed to split revenue by token holdings. But even that's a crazy stretch.
— David "JoelKatz" Schwartz (@JoelKatz) October 20, 2024

Schwartz responded to Wright’s argument, stating that it would only make sense if he targeted all Bitcoin holders. Schwartz explained that one could then argue that Bitcoin tokens represent shares of a partnership. However, he concluded by calling this interpretation “a crazy stretch.”