Calvin Ayre: courts could rule on “consumer fraud” of cryptos that claim to be Bitcoin

In a wide-ranging interview, the businessman Calvin Ayre, a major supporter of the work of Dr. Craig Wright, says that a forthcoming legal case being brought to prove that Dr. Wright is Satoshi Nakamoto, the creator of Bitcoin, could also lead to a ruling that would stop cryptocurrencies other than Bitcoin SV (BSV) using the name Bitcoin at all. To do so makes them guilty of “consumer fraud”, Ayre warned.

“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 sees the impact of the libel actions being brought by Wright as going far beyond those directly affected in the cases. He believes that a definitive proof that Wright was Satoshi will transform the sector:

“This court case and this proof is not aimed at convincing these people attacking him. They’re completely irrelevant. This is all about going over their heads, getting them out of the way. And Craig, with this court decision, talking directly to the people that matter – mainstream media, business and technical, governments and enterprise and startup decision makers. Those are the only people important here.”