Vitalik Buterin Trolls Craig Wright Over Patent Trolling

Published at: April 24, 2020

Ethereum founder Vitalik Buterin has taken a veiled swipe at Satoshi claimant Craig Wright over his blockchain patent portfolio, resulting in a heated debate on Twitter.

Buterin said that anyone who brags over blockchain patents does not understand blockchain:

Tweet: 

If you're bragging about how many "blockchain patents" your country/company/organization has, you don't understand blockchains.

— vitalik.eth (@VitalikButerin) April 23, 2020

Wright (nChain’s chief scientist) claims nChain has filed more than 800 applications for blockchain patents, and has been granted between 50 to 100. This patent portfolio poses a legal threat to blockchain projects from Bitcoin Cash to Lightning, and critics argue it goes against the open-source nature of blockchain and is a form of patent trolling.

I know you are but what am I?

Coingeek founder and Wright’s mentor Calvin Ayre returned fire by saying that Buterin doesn’t understand blockchain and claiming Ethereum was a platform that had cultivated ICO scams.

Tweet:

actually, you don't understand Blockchains. You can not even copy Craig correctly. You tech has been used for more scams in the ICO shitecoin storm than the world has ever seen. History will not be kind. Patents on the other hand are a real thing.

— Calvin Ayre (@CalvinAyre) April 23, 2020

The conversation devolved from there with Buterin saying “BSV does not scale” and Ayre firing back that “this [conversation] is stupid” and various BSV and Ethereum proponents weighing in.

The CEO of Dragonchain Joe Roets was inspired to publish a blog post in support of both blockchain’s open source philosophy and the patent system. Dragonchain DApp Eternal also immortalized Buterin’s comments on the Dragonchain blockchain, where it can never be deleted or censored. 

Why is nChain so eager to patent?

President of the Bitcoin Association Jimmy Nguyen — a former nChain CEO —  said in March the actual number of patents filed had only just reached 666. He summed up the fears of the blockchain community on the subject pretty well:

“If you listen to the online trolls, Craig is hell-bent on patenting all of Bitcoin and the entire blockchain as part of his quest for world domination”

But Nguyen, a former patent attorney, said it was only right that blockchain companies seek to patent their technologies:

“Like any sensible business, we also like to protect our investment by securing intellectual property rights when appropriate. With hard work and great expense, nChain has produced what we believe is the world’s largest and best quality blockchain patent portfolio in the world.”

However Craig Wright told Micky in February that he’d launched the patent portfolio to gain control over the Bitcoin forks and altcoins:

“Basically it came down to if I want to actually … try and stop all the splits, forks and altcoin scams that are popping up pretending to be blockchains, then the only way I could really think to do it was to start patenting.”

Key individuals in the cryptosphere such as Peter Mckormack, Roger Ver and CZ from Binance have all expressed concerns about nChain’s patent portfolio.

Tags
Related Posts
Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference
The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space. Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels. The event also saw speakers chart possible paths forward for …
Adoption / July 12, 2020
Vitalik Tells CZ to Think Bigger: Crypto Is More Than Just ‘Protest’ Money
Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly. Writing in a Twitter thread on June 2, Buterin said that some of Bitcoin’s most dearly held narratives had not been borne out this time around. Pandemic and protests The Ethereum (ETH) co-founder said 2020 is not a repeat of the financial crisis in 2008/2009. Rather, he tweeted, it is a “virus crisis”, a crisis of “epistemology” and one of “overbearing policing”. He challenged the idea …
Bitcoin / June 3, 2020
Bitcoin SV Miners Saw Gross Losses of $2.2 Million Since Fork: BitMEX
A tweet published on April 12 by the research arm of major cryptocurrency derivatives platform BitMEX estimates that Bitcoin SV (BSV) miners have accumulated gross losses of $2.2 million. The report released by BitMEX Research claims that BSV miners perceived a negative gross profit margin of 12% since the coin was created in a hard fork that split Bitcoin Cash (BCH). The estimate is based on mined coin count, current coin prices and lower bound mining electricity costs. The tweet notes that, among costs, the estimate accounts for mining electricity only. In November, in the run up to the BCH …
Bitcoin / April 13, 2019
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
Adoption / Jan. 2, 2022
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Bitcoin SV, Stellar, Cardano: Price Analysis May 31
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, believes that the adoption of the blockchain technology by mainstream technology companies and interest by Wall Street firms helped start the rally. He now expects Bitcoin to remain range bound between $7,000 and $10,000. Bitcoin has seen a massive run in 2019. When …
Bitcoin / May 31, 2019