Dr Craig ‘Satoshi’ Nakamoto Says Bitcoin Can Make The Internet The ‘Sidechain Of Bitcoin’
DecryptMedia recently reported that Craig Wright, a self-proclaimed bitcoin inventor, appeared at an event in London and discussed his vision for a new internet. He called his project the “Metanet” and stated that it would be something that would “transform the internet.”
Wright works for nChain, a blockchain research form. At CoinGeekWeek, he introduced his Metanet blueprint. During the introduction, he mentioned that the Metanet is protocol for a network that is based on blockchain and that the current internet would become Bitcoin’s “sidechain.”
“I would explain it the same way I tried to explain the Internet to my mother.” He continued, “It’s this big network of things that all connect – except now instead of being free, they charge in micropayments on the value of the data. So you now know what everything’s worth.”
Wright is interested in creating a new type of internet from the ground up. It would essentially feature businesses that function and trade on the SV network and they would earn funds based on an instant crypto-micropayment system. They would also receive rewards for content, clicks, data, and more.
nChain has invested in the idea and is seeking out companies and encouraging them to participate in building upon the SV protocol. One such proponent is Calvin Ayre, whose mining pool has heavily invested in Bitcoin SV. According to Wright, many companies in the startup world seem interested in the concept, a few which include GatePay and Money Button. Though smaller platforms seems to support the idea, larger companies – and the ones that will have a massive impact, have not yet made any strides to joining Wright’s vision.
Even then, there are many who seem confident in what Wright is proposing.
According to GatePay CEO George Peyne,
“It might be one of those things you look back on in 100 years time and say, ‘It makes sense to use the Internet in this way he’s proposing. Potentially.”