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Ripple cto david schwartz reacted to the lawful victory of the self-proclaimed satoshi, Dr. craig s. wright, in a British court. He tweeted: "This trial is absurd. Mr. C. S. Wright doesn't need a specific individual to write the code; he can write the code himself. He's trying to get a court to force people to persuade other people to enforce the code."
Schwartz continued, “Developers have no legal right to tell anyone else or make anyone else run any particular code. Craig tries to force developers to present specific arguments to persuade others to execute the code he wants them to execute."
The reaction led to an exchange of words between Craig Wright and Ripple CTO David Schwartz, with Craig Wright saying “XRP is a complete scam.” Cryptolaw founder John Deaton answered, "Jar, kettle, dark." Computer scientist Craig Wright says he is Satoshi Nakamoto, the person who created Bitcoin anonymously.
The UK Court of Appeal ruled that the lawsuit for a lawsuit launched by Craig Wright's tulip trade against 16 Bitcoin developers should go to trial in London. The original application was turned down in March 2022.
To give Wright access to 111,000 Bitcoin (BTC) of two portfolios whose private keys would have been taken and then removed in a hack, the claim claims that the developers have "fiduciary responsibilities" and "tortious obligations" to change the protocol code.
The 1feex portfolio, one of the portfolios that Wright claims to own, has about 80,000 btc plugged into the mt hack. Gox, the Tokyo-based exchange of Bitcoin that went broke after a series of cyber attacks between 2011 and 2014.
Therefore, its property on the pieces is questionable. According to Wright, bitcoin developers could easily change the code of the protocol to give back the keys of the funds.
Calls for XRP Soared re-binding after both events.
The recent outcome of the Coinbase lawsuit may have a significant impact on its decision to relist XRP.
US District Judge Paul Engelmayer dismissed a class action brought by users of COINBASE alleging that the exchange offered them unregistered securities.
Furthermore, lbry asked that coinbase relist xrp. Based on the U.S. complaint against lbry criteria, lbry claims that xrp sold on secondary markets is not considered a security.
It was no surprise that the XRP community was flooded with similar calls in response to these calls.
