The host of the popular podcast about Bitcoin, Peter McCormack, said that by this Friday he would have to make a key decision regarding the litigation with Craig Wright, who earlier this year filed a lawsuit against him for the protection of honor and dignity .

In a series of tweets on Wednesday, May 29, Peter McCormack reported that he had to decide on his next steps in a lawsuit against an Australian entrepreneur before 12:00 pm Friday. The latter, insisting that Bitos was the creator of Satoshi Nakamoto, filed a lawsuit against Makkormak in the High Court of London for 100,000 pounds sterling.

1 / People have been asked for it, so here it is. I am being sued The claim is for £ 100k.

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

According to a bitcoin-enthusiast, his options are to defend himself personally, to seek the help of a lawyer, to go to the world or not to dispute Wright’s claims at all.

If he decides to use the services of a professional lawyer, the initial cost of protection will be from £ 25,000 to £ 50,000. If it comes to a full-fledged trial, the issue price will rise to £ 500,000 – £ 750,000 and will double again. – up to £ 1.5 million – in case of loss.

At the same time, Peter McCormack stresses that he does not intend to make any agreements with Craig Wright, as by doing so he will only play into the hands of an Australian who continues to declare that the Bitcoin SV cryptocurrency he created reflects the true vision of Satoshi Nakamoto.

In any case, today Peter McCormack is facing the following choice:

– Fight and lose
– Fight and win
– Refuse to fight

The first and third options, according to McCormack, will cost him money, perhaps even bring him to bankruptcy and damage his reputation. Even if he loses, it doesn’t prove that Craig Wright is Satoshi Nakamoto, but he will once again take advantage of the Aussie, who will probably start spinning the subject further.

8 / The options really are:
– Fight and lose (costly, maybe bankruptcy, reputation damage)
– Fight and win
– Don't fight (costly, maybe bankruptcy, reputation damage)

I cann’t get a negative. They will spin this of course.

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

He also writes that many representatives of the community offered him financial assistance, but he did not want to accept money.

“These are your bitcoins, I don’t want them to go to lawyers,” says McCormack.

Nevertheless, he admits that a difficult period awaits him, so he will have to fight with people who not only have broad financial capabilities, but do not disdain the dirtiest behavior.

But, as if everything did not turn out, Peter McCormack is convinced of one thing: he will never admit and say, even in court, that Craig Wright is Satoshi Nakamoto, and BSV is a true Bitcoin.

Earlier, Craig Wright confirmed his intention to sue Twitter user Hodlonaut with a claim for honor and dignity, and also offered a reward of $ 5000 in BSV-equivalent for information that will help in his identification. He also revealed some of the personal data of his critic.

In response to Wright's actions, the Binance , Kraken exchange and the ShapeShift exchange platform subjected the Bitcoin SV cryptocurrency, promoted by an Australian entrepreneur, to delisting.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.