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.

https://twitter.com/ProfFaustus/status/1035334641199116288

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.

https://twitter.com/ProfFaustus/status/1035345666581524480

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.

https://twitter.com/ProfFaustus/status/1035346952345378816

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

https://twitter.com/ProfFaustus/status/1035347508627558400

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

https://twitter.com/ProfFaustus/status/1035380351017791492