Bitcoin inventor Dr. Craig Wright on source of funds and identity
The source of funds is basically the question of who you are, where your funds come from, and why you have them—it is identity but focused on wealth.
The source of funds is basically the question of who you are, where your funds come from, and why you have them—it is identity but focused on wealth.
The original Bitcoin was created to support property rights under the framework of the rule of law and increase productivity with unbounded scalability and low costs. BTC is the opposite.
Many industries are trying to find ways to turn Bitcoin into something else. They want to make digital gold, but Bitcoin isn’t digital gold.
The false belief of the BTC community hold lies in thinking that if you mix the inputs, the now “untraceable outputs” will no longer be seized or be outside the area law enforcement can cover.
Numerous arguments abound on scaling blockchain-based systems like Bitcoin, but according to author Dr. Craig Wright, the scale or grade represents the transaction volume that the system can handle.
Blockchain enthusiasts use to tell the world to HODL every time the price of digital assets dropped or plummeted, but now, it seems like the HODL strategy has been retired.
The only purpose of running a 'node' that doesn't create blocks is to monitor and receive transactions quickly and validate transactions receipt faster. There is no benefit to the network overall.
Dr. Craig Wright reveals his vision for Bitcoin in this blog post—he explains how it is set in stone and how it should scale to billions of transactions while maintaining a low price.
As in the Wizard of Oz, BTC developers are committing a global fraud by pretending to have no control of the network where, in fact, they are manipulating a global financial system for their benefit.
The fundamental basis behind the revenue model in BTC is centered on its limitation of its block size capped at 1MB since 2010, resulting in the revenue generated from mining BTC coming from mining rewards or subsidy.
Joshua Henslee believes in Satoshi Nakamoto's original vision of a peer-to-peer electronic cash system, and he also acknowledges that this technology will take over much as the internet did.
The U.S. securities regulator hasn’t changed its mind about BTC spot ETFs and insisted that the underlying market is still prone to fraud and price manipulation in its rejection.