The Truth Shall Set BCH Developer Amaury Sechet Free: “I Am Not the Real Satoshi Nakamoto”

The lead developer of Bitcoin Cash, Amaury Sechet, has now confirmed that his recent claim to be the real Satoshi Nakamoto – the name used by the original creator(s) and developer(s) of Bitcoin (BTC) – was only a trick.

According to Sechet, making a declaration like that was “a demonstration of what other scammers have done.”

He apparently only did that to show how easy it was for someone (like Craig Wright) to make such a claim and fool people. Co-founder and developer at Blockstream, Gregory Maxwell explained a bit earlier that too many people have effortlessly made the same frivolous claim. He said:

“So, for example, a couple years ago Craig Wright claimed to ‘prove he was Satoshi’ by simply copying some pre-existing signatures out of the blockchain and posting somewhat obfuscated instructions on verifying them. It was figured out pretty quickly, but still managed to fool a lot of people– they were too caught up in the mumbo-jumbo to think of the obvious.”

Sechet also has explained that his decision to make a claim to be the real Satoshi Nakamoto “takes the wind out of their sails. Craig Wright, others before him. Others will do it after.”

Sechet on the Lightning Torch Initiative

Amaury Sechet has spoken on the Lightning Torch initiative, highlighting the problem with it. Even though the experiment seems to have been endorsed with input from Jack Dorsey, the CEO of Twitter, Sechet says that there are other essential issues with the idea that Jack Dorsey’s contribution will not solve. Sechet, in explaining the problem with the idea has said

“#LNTorch is a cool PR stunt, but ultimately someone will run with the money and there will be no way to know who took it.”

Lightning Torch has absolutely no safety measures especially considering the fact that the website has declared that on at least one occasion, someone has tried to steal the torch.

The entire thing is simply just based on trust. Sechet says:

“LN is great for some use cases, but very bad as a general purpose payment system. If you run the numbers they just don’t add up. It’s foolish to bet the farm on it.”

Avalanche: New Bitcoin Cash Project

A new project known as Avalanche is currently being developed for the Bitcoin Cash public. Sechet says that Avalanche will change things in Bitcoin Cash community by reducing confirmation time considerably to as low as two seconds. He said

“BCH is doing very good on the technical front. There is a ton of cool stuff going on, notably Avalanche, which will bring confirmation time to something like 2s…and CashShuffle, which will increase privacy.”

Speaking further on Bitcoin Cash, Sechet describes the problems the Bitcoin Cash Community faced as a confirmation that they are going along the right path. He says

“It seems like there is a lot of confusion out there, numerous people have made sure of that. But like in a video game, you know you are moving in the right direction when you encounter new enemies.”

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