CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$63,509.00
  • ethereum
    ETH$2,343.14
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Bitcoin SV’s Craig Wright Sues Peter McCormack For 100,000 GBP For Libel

    Bitcoin SV’s Craig Wright Sues Peter McCormack For 100,000 GBP For Libel

    Author: Felix Mollen

    Last Updated Nov 26, 2019 @ 13:21

    Popular cryptocurrency podcaster Dr. Peter McCormack has shed some light over the claim that Bitcoin SV proponent Craig Wright filed against him earlier this year. McCormack also explains what are his options and the time he has to decide.

    McCormack VS Craig Wright: Case Can Amount to £750k

    Back in April, NChain chief scientist and popular Bitcoin SV proponent Craig Wright filed a libel claim in the UK against a popular cryptocurrency podcaster – Peter McCormack. On April 18th, McCormack tweeted a photo of the legal notice.

    A bit more than a month after that, McCormack has explained the details of the case in a lengthy Twitter thread, outlining the paths in front of him as well as what’s on the line.

    1/ People have been asking for an update on the legal case with CSW, so here it is. I am being sued for libel and have until Friday at 12.00 to make a decision. The claim is for £100k and includes a number of other requirements.

    — Dr. Peter McCormack (@PeterMcCormack) May 29, 2019

    First and foremost, the podcaster has until Friday to make a decision about his next steps. In terms of representation, he has the following options:

    • Represent himself
    • Represent through a legal counsel
    • Mediation
    • Not contest the claim

    As we mentioned above, the claim is for 100,000 GBP. Should McCormack choose to hire a lawyer to represent him, this would increase the cost with an additional £25k – £50k. However, if the case goes to a full trial, it could easily amount to as much as £750,000, which he may have to pay in double if he loses because he’ll have to meet CSW’s legal fees as well.

    McCormack also explained that not contesting the claim is also an option because it won’t give CSW the publicity he’s looking for and the judgment that he’s going for. However, this will cost the podcaster £100,000 and in the “worse case” his house.

    In reality, the options that he has in front of him put in his own words include:

    • Fight and lose (costly, maybe bankruptcy, reputation damage)
    • Fight and win
    • Don’t fight (costly, maybe bankruptcy, reputation damage)

    Social Attacks “Relentless” On McCormack

    While the podcaster didn’t disclose whether or not he will proceed to contest the claim of Wright, he said that “social attacks have been relentless from BSV shills or sock puppets.” They’ve been using DMs, emails, YouTube comments, and so forth.

    Naturally, the overwhelming majority of the cryptocurrency community has expressed its willingness to support McCormack in his legal fight against self-proclaimed Satoshi Nakamoto – Craig Wright.

    Wright’s attempts to sue everyone who is calling him a “fraud” on his claims to be the real Satoshi Nakamoto have caught the eye of major industry proponents.

    In April, Cryptopotato reported that Binance, the world’s leading cryptocurrency exchange, delisted Bitcoin SV exactly because of Wright’s Actions.

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

    Tags: Bitcoin SV Craig Wright
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Felix Mollen
    More posts by this author

    Felix got into Bitcoin back in 2014, but his interest quickly expanded to everything blockchain-related. He's particularly excited about real-world applications of blockchain technology. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain-centered projects and hasn't looked back ever since.

    button
  • bitcoin
    BTC$63,509.00
  • ethereum
    ETH$2,343.14
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    bigomex
    Bitcoin Editorials
    4 Reasons Altcoin Season 2021 Has Officially Started

    4 Reasons Altcoin Season 2021 Has Officially Started

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!