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a2a1bitcoin-developers-press-release-12-may-2021.pdf
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ONTIER Serves Claim against Bitcoin developers to recover Β£4billion worth of Bitcoin.
ONTIER Serves Claim against Bitcoin developers to recover Β£4billion worth of Bitcoin.

Claim has significant implications for other users and the way Bitcoin operates
London 12 May 2021:

Litigation law firm ONTIER LLP has today commenced the process of serving legal proceedings on 16 Bitcoin developers on behalf of Tulip Trading Limited (TTL), a Seychelles company whose primary beneficial owner is Dr Craig Wright. ONTIER was granted permission to serve the developers out of the jurisdiction by the Business and Property Courts of the High Court in London, following a 145- page application submission detailing the claim.

Dr Wright is the inventor of Bitcoin who set out his vision for the digital currency in his famous White Paper under the pseudonym Satoshi Nakamoto.

https://t.me/CSW_Slack/2285
Bitcoin is a peer to peer token system that acts as cash. It utilises a distributed evidence trail to solve fraud and allows traceability.

Each bitcoin is held by the controller (who is usually the owner but could be a 3rd party, such as an exchange).

A "bitcoin" is a collection of digital tokens. These are held by an entity and are not distributed.

The ledger records a change in control

Bitcoin are not maintained on the ledger, that is a transaction log.

Bitcoin is *not* a distributed cryptocurrency.

It is a standard peer to peer token cash system that uses a distributed ledger as an evidence log.

The system is designed to be private, NOT anonymous.

CSW
Jan 30, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1580364854003400

https://t.me/CSW_Slack/2302