Craig Wright on CoinGeek Backstage: Bitcoin Has Become Orwellian, But I’m Restoring the Original Vision
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Very few books of fiction have had more enormous success and importance than George Orwell’s 1984which follows the life of Winston Smith in the dystopian world overseen by ‘Big Brother.’ Dr. Craig Wright believes that most of what he created with Bitcoin has been undermined, and concepts such as peer-to-peer and decentralization have now become ‘Orwellian’. He is now fighting to restore his original vision of Bitcoin (BSV).
Dr. Wright was in Dublin for the Global IoT Summit, where he delivered a keynote presentation on the integration of Bitcoin SV, IPv6 and the Internet of Things to usher in a new era of the Internet. CoinGeek Backstage host Becky Liggero caught up with Dr. Wright at the event to discuss his vision for Bitcoin.
“The concept of peer-to-peer has been Orwellian in nature,” Dr. Wright began, noting that it had changed drastically from when Bitcoin launched in 2009.
“Peer-to-peer means that one machine talks directly to another machine. [It doesn’t mean] that a machine goes directly to this Amazon-like network of billions of dollars worth of computers bouncing around in a mask and getting it to the other end. That’s the difference here,” nChain Chief Scientist told CoinGeek Backstage.
He further confirmed the purpose of the nodes, noting that “the nodes are there to stop double spending.”
Dr. Wright talked about Simplified Payment Verification (SPV) as well. SPV, he noted, is how “you enable scaling of Bitcoin, instead of everyone running a node.”
SPV was in the Bitcoin White Paper, but “unfortunately and fortunately” people didn’t realize it. That’s unfortunate because Bitcoin would be miles ahead if SPV had been implemented from the get-go, and also fortunate because now “it has enabled us to patent the technology and stop everyone else from stealing it.”
In his presentation at the summit, Dr. Wright elaborated on how BSV’s decentralization would allow infinite scaling of IPv6 and IoT securely.
But as he told CoinGeek Backstage, decentralization as a concept has become Orwellian in nature as well. For him, decentralization means “pushing things to the edges.” In politics, that equates to lowering power as close to the people as possible through state governments, local councils and so on – not getting rid of government altogether.
“In blockchain, decentralization means pushing everything out to the individual,” noted Dr. Wright.
Dr. Wright has been unwavering in his belief that Bitcoin is not a criminal haven. Instead, its openness makes it the antithesis of crime. He believes that by integrating Bitcoin into more aspects of our lives, taxes, for example, we can get rid of crime and “the good guys will win for once.”
Watch: Dr. Craig Wright’s Keynote: A Better Internet with IPv6 and BSV Blockchain at the BSV Global Blockchain Convention
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