More

    Dr. Craig Wright Epic Bitcoin and Proof of Work Mining Twitter Rant Regarding Freedom

    Dr. Craig Wright Goes On An Epic Twitter Rant Talking About Bitcoin, Proof Of Work And “Freedom”

    Craig Wright has always been the central figure around the crypto ecosystem since the early days of Bitcoin. Recently, with things getting heated up around the BCH ecosystem, he has been a polarising figure who gets a lot of media attention. Certainly, fame doesn’t come easy. He has been criticized several times for his support of higher blocksize limit to his role in splitting the BCH community. Lately we have published two recent posts about Craig Wright being Satoshi and possibility one of his early day helpers in Phil Wilson being the Nakamoto to the Satoshi avatar for further reading. But let's get into this post as it is just a juicy.

    It might be the case that these criticisms are getting under Dr.Wright’s skin as he went on on an esoteric Twitter rampage today.

    He starts off the Tweetstorm by saying that he has failed in communicating the philosophy of Bitcoin if people look at him as an ideal. He says that “sound money” is a “goal to work for in itself.”

    He then points out the reason for the government not liking bitcoin. Bitcoin is transparent he says, a “database that offers both privacy, yet allows the sun to shine through exposing corruption and malice.” Bitcoin can be held as a common law contract which is “pseudononymous” in nature. “It is not the anonymous Ring of Gyges that leads to a path of degradation.”

    The chief scientist of nChain then goes back to his first Tweet which was calling out supporters who idealized him instead of an “idea.” This was also in some ways addressing his own shortcomings as evident from these comments: “No person will ever live up to the idea. No person can live as long as an idea whose time has come,” and “This is bitcoin. No one man will ever be able to match this ideal.”

    He even touched upon the anarchal sentiment that Bitcoin and cryptocurrencies resonate with. “To take back freedom, we start by taking back the money. Making it free from control. Set, known, predictable, sound.” He added: “Freedom comes through eternal effort, it is not free. It requires work.”

    Obviously, Dr. Wright has a point here but he phrases these points in a way a “woke” teenager who has recently discovered bitcoin would. The freedom that he is referring to is the freedom from centralized financial systems monopolized by governments, banks and a handful of multinational corporations.

    The rant then shifts to the competitive nature of Bitcoin and other cryptos. “Like the Olympics, as we strive to win, to be the best, the best improve in each generation and across time.” Although he points out that there is no hate, rather brotherly competition.

    Dr. Wright’s rant suddenly took a hard turn toward defending Proof Of Work.

    His “Bitcoin is freedom” phrase seems to be the theme of this rant, although his take on proof of stake seems amateurish. Calling PoS “socialist” is not a criticism of a technology which might help save valuable energy. Using socialist as a scare word doesn’t work in an era of Bernie Sanders and Alexandria Cortez.

    He ends the Twitter storm by statements which sounds like parts of a motivational speech by Tony Robbins.

    Of course we can do a PS tweet right – by including Craig Satoshi Wright's final bitcoin end game:

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,365FansLike
    2,781FollowersFollow
    4,135FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BTC Isn’t a Hedge Against Stock Market’s Poor Returns or Coronavirus But US Dollar & Inflation: BitGo CEO

    In 2020, Bitcoin has been following stock markets religiously, so much so that their correlation went to a new high. But now, the flagship...

    Netflix's ‘Tiger King' Villian, Carole Baskin at The Big Cat Rescue Accepts Crypto Donations

    With the Coronavirus (COVID-19) running rampant in the United States, Americans are drooling over the hot new docuseries on Netflix; “Tiger King: Murder, Mayhem...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.