Blockchain research & industry insights

Take an in-depth look at blockchain technology's latest developments, projects and products.

Bitcoin’s most controversial figure

There’s a man who writes a Medium article on bitcoin nearly every day. The comments range from “You stand like a giant above all the other leaders crypto-fans follow...You will someday be revered, not scorned. I greatly admire you and your work!!!!!!” to “You are talking out of your butt, Dr Craig Wright.” These are articles by Australian computer scientist Craig Wright, the (self)-proclaimed creator of bitcoin, aka Satoshi Nakamoto, and the man behind the bitcoin-alternative Bitcoin SV (Satoshi Vision). Two parallel investigations in 2015 by Wired and Gizmodo pointed to Dr. Wright as being Satoshi Nakamoto, and early bitcoin heads including Gavin Andresen and Jon Matonis have unequivocally said the same. However most of the cryptocurrency community feel it's all a hoax.

Ethereum creator Vitalik Buterin is one of those who have called Craig Wright a fraud. Last week Buterin wrote an eloquent (as usual) blog post on his views on free speech and its importance in all community spaces, not just public government spaces. However he's forced to address, somewhat unsatisfyingly, the time he himself tried to censor Craig Wright. 

Combing through Dr. Wrights writings one finds fascinating, informative and iconoclastic nuggets, no matter what you believe about his backstory. Here are some random, non-technical, selections from a few of his posts:

1. Satoshi Nakamoto. The name “Satoshi Nakamoto is an amalgamation of 富永 仲基 (Tominaga Nakamoto) and Ash Ketchum (サトシ; aka Satoshi)” Wright identifies with the ideas of Japanese philosopher Nakamoto and calls him the Eastern Voltaire. Wright is not motivated by Tominaga's words to come into the limelight. “The time for remaining in the shadows has passed. Tominaga taught us that ‘concealment is the beginning of the habit of lying and stealing.’”

This is Good for Bitcoin

There’s a meme in the bitcoin world that goes "this is good for bitcoin". No matter what happens, the price drops, an exchange goes goes down, China bans crypto: "this is good for bitcoin". The rationales might include: this will flush out the "weak hands", this will bring better exchanges and teach people to not hold crypto on an exchange, this will force the west to take an opposing stance.

Sometimes however, this tongue-in-cheek attitude is helpful when reading negative news about cryptocurrency or arguments criticizing it, and to recognize the positive that is hidden in the criticisms.  

Can’t find what you’re looking for?
Trusted by
professionals worldwide
Featured in