Consumer fraud charges loom over ‘Bitcons’—Calvin Ayre

The court’s ruling on the libel charges filed by Dr. Craig Wright against his detractors could shape the history of the cryptocurrency space. In an interview, technology entrepreneur Calvin Ayre said that once Wright proves that he is the creator of Bitcoin, the court can issue a ruling that would stop cryptocurrencies other than Bitcoin SV (BSV) using the name Bitcoin at all. And those who will still use ‘Bitcoin’ can face consumer fraud charges.
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CalvinAyreNews
15th May 2019
CalvinAyre Newsletter
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Calvin Ayre: Courts could rule on ‘consumer fraud’ of cryptos that claim to be Bitcoin
Courts could rule on ‘consumer fraud’ of cryptos that claim to be Bitcoin
The court’s ruling on the libel charges filed by Dr. Craig Wright against his detractors could shape the history of the cryptocurrency space. In an interview, technology entrepreneur Calvin Ayre said that once Wright proves that he is the creator of Bitcoin, the court can issue a ruling that would stop cryptocurrencies other than Bitcoin SV (BSV) using the name Bitcoin at all. And those who will still use ‘Bitcoin’ can face consumer fraud charges.

“It’s a consumer fraud of some sort for all these exchanges all over the world to be telling people that this is Bitcoin and letting these tokens use the Bitcoin name when the technology is not Bitcoin anymore. It’s a type of consumer fraud and I think that that needs to be fixed as well,” Ayre said.

The BSV supporter also said that Wright’s proof that he is Satoshi Nakamoto is not directed to his “irrelevant” detractors but to “people who matter” like government leaders, the mainstream media, and business decision-makers.

Dr. Craig Wright will be one of the numerous speakers in the packed global line-up of the CoinGeek Conference, happening on May 29-30 at the Carlu in Toronto, Canada. Use BSV when you register and enjoy CAD$150 off the ticket price.

Paying with fiat? Don’t worry, we got you covered. Use CAsub50 and get a CAD$50 discount on the tickets!

To know more about Calvin’s insights on the issue, check out the video below:

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