Kurt Wuckert Jr. recently appeared on the TODO Bitcoin YouTube channel for another round of discussions filled with insights about Bitcoin, the present and future of the BSV blockchain, and other exciting tidbits about COPA v Wright, the recent BSV price pump, and more.
Is Dr. Craig Wright really Satoshi Nakamoto?
After a brief introduction, the hosts ask Wuckert when he began to believe Dr. Craig Wright is Satoshi Nakamoto.
Wuckert says there wasn’t one moment in time; instead, it was a slow and gradual process. Like everyone else, he was interested when Wired and Gizmodo outed him and remembers hearing him speak at a few Bitcoin conferences.
By the time Dr. Wright spoke at Arnhem, Wuckert was surprised he was still around after all the Satoshi signing debacle in previous years. He then got involved in big block Bitcoin, and slowly, he came to agree with Dr. Wright on many issues and began to believe he was likely Satoshi Nakamoto.
What about COPA v Wright? How’s it going?
Wuckert watched it live. It’s supposed to determine whether Dr. Wright is Satoshi, but COPA has been doing everything but address that question. Instead, they’re implying forgery and fraud and, in some cases, outright accusing Dr. Wright and his witnesses of lying.
Dr. Wright doesn’t have sterile documents, as he has been hacked multiple times since 2014. Therefore, he says we need to rely on his overall body of work, education, etc., to decide.
Could he sign with Nakamoto’s keys? He has repeatedly said that he will, but not to prove who he is. He has repeated this in court in London, essentially asking them to request it, but nobody is picking up on it.
Wuckert puts the odds of a Dr. Wright victory at 50/50. He thinks both sides have made a weak case if we just go by what was seen publicly. However, even if he loses, nothing changes for Wuckert, who will still run GorillaPool and continue as an entrepreneur in the BSV blockchain ecosystem.
How many nodes does BSV have right now?
Wuckert says there are 37 nodes right now if we count them as endpoints running the client software. However, he doesn’t think anyone is running a node unless they’re building blocks. If we go by this standard, there are five, with about eight if we look at it on a monthly basis.
BTC has about as many block-building nodes. The idea that all the Raspberry Pis are nodes is an illusion; they do nothing for the network, he reminds us. The idea that more nodes are better is subjective, too.
Was the empty block miner malicious? Wuckert doesn’t think so; he believes it may have been a bot. However, the new Network Access Rules developed by the BSV Association were designed to address this sort of thing, bringing a legal element into acting as a honest node on the network.
Why are big firms like BMW and Toyota looking at Ethereum rather than BSV?
Wuckert says this is mostly due to ignorance. They do basic due diligence online and hire consultants who guide them in that direction. These tech consultants talk a good game and reassure them that certain solutions will be ready in the near future, so they buy into it.
However, Wuckert points out that many companies have left Ethereum in frustration and are exploring other options like IBM’s hyperledger. Many of them then discover these don’t scale well either, and so they leave the blockchain space altogether.
Is BSV blockchain destined to win? Not necessarily, Wuckert warns us. He does think there’s a possibility that a decade from now, all blockchains will have been deemed a bad idea, and the world will have moved on. He speculates that we may have missed our shot with Bitcoin, noting that fast, almost free payments didn’t exist back in 2009, but many do now.
What is Calvin Ayre’s strategy with nChain?
Nobody knows other than Ayre, Wuckert said. However, he can speculate. It may be to enforce patents and collect licensing fees, it may be a way to get builders to use BSV, or it may be leverage to deal with the likes of Mastercard (NASDAQ: MA) in the future.
How would the latter idea work? Maybe nChain would get Europe and the U.K. for CBDCs, and Mastercard would get North America. Again, nobody knows other than the businesspeople involved.
Has BSV developed Number Go Up technology? Is it ready for mass adoption?
Perhaps it has, Wuckert chuckles, looking at the recent price pump. Some who bought recently may be up, but there are still many who bought years ago who are still down a lot. He warns that nobody in the industry will do BSV any favors; it will have to earn any price appreciation. Does Wuckert stack BSV himself? Yes, and GorillaPool keeps all the coins it has mined.
On whether BSV is ready for prime time in all except reputation, the answer is somewhat. People should be allowed to do what they want on the chain as long as it’s legal, including degen speculation. However, reputation is still a problem, and that will be tough to overcome in the short term.
Follow Kurt Wuckert Jr on X for more insights into BSV blockchain, to keep up to date with his entrepreneurial activities in the ecosystem, and to avail of his premium service for extra insights on Bitcoin, stock trading, and martial arts.
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Small blockers will say “we are so early” because they measure bitcoin with the fiat price and a focus on the future of fiat.
Big blockers will tell you’re late because 94% of the supply has already been mined by other people, and we measure value in bitcoin/time with a focus… pic.twitter.com/uezNnVqUyP
— Kurt Wuckert Jr | GorillaPool.com (@kurtwuckertjr) March 10, 2024
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