Interviews 4 September 2018

CoinGeek

Dr. Craig Wright: Young Africans want to be part of the world of tech

In this interview with CoinGeek’s Becky Liggero, nChain chief scientist Dr. Craig Wright talks about how today is the time of great innovation in Africa, particularly blockchain technology.

After visiting Africa recently, nChain’s chief scientist Dr. Craig Wright sees a lot of potential in the continent. For instance, banking in Africa as not as developed and widespread as it is in the West. “We have people who basically could be less impoverished, could grow, could be more entrepreneurial and could expand and become something more than they are right now, and we can do that because of Bitcoin Cash,” he said.

In the U.S. and Europe, according to Wright, cryptocurrencies were already being used for many typical transactions, but that such an option was “just one of many things like Apple Pay and all these stuff, and a few people will get it and a few people won’t.”

“But here, it’s a system that a lot of people don’t have. It’s a way of saving that they don’t have. It’s replacing something they don’t have. It’s not, ‘Oh, big bad banks,’ it’s ‘We don’t even have banking. We don’t have a way of storing money, and under the mattress isn’t good enough,'” he explained.

In the talks that he gave, Wright saw many interested youth who would have to face supporting a family as they grow older, noting that blockchain could provide solutions not possible a generation earlier. “They’re going to get to a stage where they have two retired people for every person working, and that’s really going to change their economy. They’re all anxious to learn about how they can be part of the world of tech,” he said.

Wright often seems to have all the answers, but concedes that the future is to be written by those who are now just learning the technology. “This is the thing people don’t get, the younger the people are that are going to build everything going forward. Watching and seeing how this world will carry forward, it’s great. We’re developing in nChain, and we’re going to release solutions, but it’s going forward, these are the people that will invent things that I haven’t even thought of. I mean, I might have been involved with the internet for god knows how many years now before it was actually the internet even, but the reality is I’m just an old dinosaur, and these people will think of things I haven’t even imagined,” he said.

If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Members of bComm Association can avail CoinGeek Week tickets at discounted prices. To purchase tickets or learn more about CoinGeek Week Conference, visit the official website here.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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