Craig Wright Incoherently Rambles About Bitcoin Payments & Privacy

Craig Wright Incoherently Rambles About Bitcoin Payments & Privacy 1

Craig Wright continues to befuddle in the cryptocurrency space.

The controversial computer scientist who maintains his identity as the one and only Satoshi Nakamoto recently spoke at the CoinGeek conference in Seoul on ‘The Power of Bitcoin SV Scaling’.

The conference, which hosted a multitude of speakers, saw Wright headline and speculate on new inventions that could be built on top of his dramatic Bitcoin Cash fork now dubbed Satoshi’s Vision.

Craig Wright, the promoter of government crypto. | Source: Twitter

Unsurprisingly, the talk was difficult to follow. It was marred from the start after the conference host introduced Wright on stage with the following:

“I’m going to introduce a man who I really want to be able to just let be himself. A man who I feel that we shouldn’t require to be a myth because requiring him to be that myth is to gloss over what he has achieved as just a man.”

Private Not Private. Sorry

Wright started off the final talk of the day by advocating how blockchain developers can make things more private and more scalable using SV.

He then appeared to use the platform to promote SV as a tool for government-backed currencies. You can even integrate KYC and AML into your solution, apparently.

I think someone needs to explain the concept of privacy to Dr. Wright.

Bitcoin SV – the cryptocurrency for government fiat. | Source: YouTube

Wright has long held the idea that bitcoin should be aligned with governments and this talk appears to pander to the authorities.

Trying to Make Sense of it All

For devs who want to build on top of SV, here’s a piece of advice from Wright’s speech:

“So we can start releasing them [inventions and patents] so that you guys can build on them. Because well I’ve got enough to do anyway… I don’t want the Google model of things. Too much of a headache. I much prefer doing my little hiding away and scientisty bit and coming up so that you guys can build a big company and eventually have all the headaches of managing people.”

Perhaps you need to be a guru to understand Wright’s ramblings. I don’t know. His presentation was fraught with mathematical functions and sentences that don’t seem to make any sense.

Like this Ethereum poke, for example:

“So to increase privacy, there’s something called Benfords Law. So this idea of having an address like Ethereum have been trying to teach you is wrong. You don’t want an address it’s coins. So to control your coins, make them so that people can’t tell where you’ve been spending other than the parties you’re engaged with.”

Interestingly enough, Wright repeatedly referred to bitcoin in his speech making no mention of the term SV. This is the same sly tactic that Roger Ver uses to promote Bitcoin Cash as the real bitcoin.

If we’re going to bring crypto to the masses we need to make it easier for them to understand, not harder. Venture capitalist Naval Ravikant pretty much sums up Wright’s approach in one simple sentence, “It is the mark of a charlatan to explain a simple concept in a complex way.”

Last modified (UTC): October 1, 2019 2:46 PM

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,738 0.87 % 1.26 % 2.51 %
Ethereum1,979.6 0.93 % 0.22 % 5.52 %
Tether1.000 0.19 % 0.05 % 0.05 %
BNB331.06 0.53 % 1.51 % 8.00 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4079 0.58 % 0.01 % 7.12 %
Binance USD1.001 0.15 % 0.09 % 0.07 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana48.88 1.49 % 2.11 % 14.87 %
Polkadot9.980 1.21 % 0.12 % 9.74 %

Bitcoin (BTC) $ 29,962.00
Ethereum (ETH) $ 1,987.22
Tether (USDT) $ 1.00
BNB (BNB) $ 332.13
USD Coin (USDC) $ 1.00
XRP (XRP) $ 0.409321
Binance USD (BUSD) $ 0.998458
Cardano (ADA) $ 0.521357
Solana (SOL) $ 49.29
Polkadot (DOT) $ 10.03