Ryan X. Charles Says Craig Wright is Satoshi Nakamoto and Gives Market Insights
The youtube user Ryan X. Charles, did a video in which he explains why he thinks that Craig Wright is Satoshi Nakamoto. Moreover, he explains why Bitcoin Cash will succeed and why other virtual currencies will go to zero.
For him, Craig Wright is Satoshi Nakamoto, and he believes so because of what Gavin Andreessen and Ian Grigg, among other developers, said. Ryan X. Charles said that all of these developers validated the keys shown by Craig Wright in the past.
However, there is more evidence about it, he says. The first version of Bitcoin was Windows only. This is very important, because Craig Wright is a Windows user and supporter. For him, everything about Craig Wright being Satoshi Nakamoto fits.
There are little details that are related with him that could let us suppose that he is Satoshi Nakamoto.
During the video, he mentions that Satoshi Nakamoto is a Bitcoin Cash (BCH) maximalist, and he believes that this is very important for the community. The youtuber explains that Craig Wright is more right on Bitcoin Cash than anyone else is. He says that he is right about locking the protocol down without adding more features to it.
The author of the video explains that the ‘big picture’ is related to the block size and the space each block has. Insead, he mentioned that discussion about canonical transactions or other features are not part of the main discussion.
Ryan X. Charles said that Bitcoin (BTC) price will go to zero in the future. He explains that Bitcoin throttled the chain because developers do not understand the nature of the economics. Moreover, he said that users do not want to pay high fees and that Bitcoin has nothing to offer with small blocks.
For him, as Bitcoin inflation will be reduced, the only way it will be able to survive, will be related to the fees that individuals are going to pay. Bitcoin Cash shares the same proof-of-work (PoW) function and miners work on both chains. The main difference between BCH and BTC is that the first offers fast transactions and low fees.
If Bitcoin Cash price surpasses Bitcoin, then Bitcoin would have no utility. Bitcoin Cash has everything what Bitcoin has and even more, the youtuber mentions.
Additionally, he says that Bitcoin is going is going to survive as a relic related to Bitcoin Cash.
Later he talked about other virtual currencies such as EOS, Ethereum (ETH), Stellar (XLM), Cardano (ADA), Litecoin (LTC), IOTA and XRP. He believes that the only one that has real value besides Bitcoin Cash is Ethereum. Nonetheless, he said that Ethereum has been built in a way that is unscalable. But Bitcoin Cash is scalable because it is possible to validate things in parallel.