Ripple CTO David Schwartz Reacts to Craig Wright's Argument

Ripple CTO David Schwartz, has recently reacted to an argument by self-proclaimed Satoshi Craig Wright in an X post.

Ripple CTO David Schwartz recently reacted to an argument made by self-proclaimed Satoshi Craig Wright in an X post.

Craig Wright has been at the center of legal disputes for years, especially after he publicly outed himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits concerning the intellectual property rights to the Bitcoin whitepaper and Bitcoin code.

In a recent turn of events, Wright, who was discredited in the U.K. High Court's ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers to the tune of a colossal £911,050,000,000. Wright alleges that the Bitcoin Core developers misrepresented BTC as the original Bitcoin, whereas he maintains that Bitcoin SV, also known as BSV, is the true version of Bitcoin.

Since the filing of this lawsuit, Wright has been in the thick of things, arguing his points on social media in multiple X posts.

Ripple CTO reacts to Craig Wright's argument

Wright further stated that "partnerships unless structured as limited liability partnerships (LLPs) usually operate under joint and several liability. BTC Core is not."

"This means every partner is on the hook for the full weight of any legal claims or debts. When some partners don't respond, the court won't chase them down immediately; instead, they’ll direct their focus on the one partner who did show up," Wright said.

Wright's latest comments aiming to define BTC Core garnered attention from the crypto community, with an X user responding, "Bitcoin Core is not a legally recognized partnership. Contributors to open source projects do not magically become members of a partnership."

Ripple CTO David Schwartz reacted to the points raised by Wright, commenting: "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."

This content was originally published on U.Today