Roundup from Craig Wright’s Talk at the CoinGeek Conference

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Whether you believe Craig Wright is Satoshi Nakamoto or not, you can’t deny that the man is a genius. He can come up with ideas and solutions to problems long before the wider community discovers these issues. Wright is a huge part of the Bitcoin SV project and his best bud Calvin Ayre also happens to run CoinGeek. This led to Wright putting on an enthralling talk at the recent CoinGeek Conference in Toronto where he proposed new ideas on how to use blockchain technology, as well as possibly admitting he isn’t really Satoshi.

“My technology helped bring down 400 dark websites”

That’s a pretty bold claim, and there are probably a lot of people out there who are rather annoyed at Wright for this. Whether his technology was actually used in operation onymous is a whole different argument – despite the fact that he isn’t credited for anything in the official documentation. Wright claims that Tor and the dark web is broken, as web traffic can be traced back to a single machine – the one you’re using. This means that even when people try to hide on the dark web to take part in illegal activities, everything is still being recorded. Wright could very well have played a role in tracking down the owners of these sites, it’s not the reason Ross Ulbricht is in jail.

“People realized Bitcoin isn’t private”

Wright is pretty spot on with this comment, he rambled on about how after operation onymous that people started to realize that Bitcoin isn’t anonymous. He then went on to claim that people then hijacked Bitcoin and started adding bits like the Lightning Network and Mimblewimble. Wright alleges that if Bitcoin truly wished to scale, it could do so on-chain and not require the Lightning Network. He added that the Lightning Network was designed and implemented to help nefarious people send crypto without it being traceable. Could he be spot on? Sadly, the truth will never come out and this will always remain a speculative point – let’s face it, nobody will ever admit to using the Lightning Network to hide transactions.

“Binance, Bitfinex, and Tether use Bitcoin to exploit women”

We’re not too sure where Wright got his data from for this – or how he conducted the research – but he claims that 30% of Binance money funds women in prostitution. He then added that 30% of Binance and Tether funds women in slavery. Wright proposed a system that can fix all of this dubbed the R-Puzzle. The R-Puzzle will allow for an immutable trail of records that will help to end the horrors Binance, Tether, and Bitfinex money allegedly put women through on a daily basis.

If Wright is indeed correct with his allegations, it could be huge for the crypto trading industry. We’re likely going to see these allegations blow up in the coming weeks as people begin to question whether this is in fact true or not. If it is, we wish Wright all the best in bringing an end to the suffering of women who are apparently enslaved.

“I remember some whitepaper back in 2008, it had this section on identity in Bitcoin. I remember reading it…”

Wait, did Craig “Satoshi” Wright just admit that he isn’t actually Satoshi Nakamoto? Yes, we had to watch the video back three times before we could believe our ears, but Craig Wright said that he remembered reading the Bitcoin Whitepaper. After realizing his blunder, you could see the horror in his face. He turned his head to the floor and corrected himself adding “probably when I wrote it” before taking a long pause and pacing around the stage. If you needed any more proof that Craig Wright isn’t Satoshi Nakamoto, this could well be the cherry on the cake. Want to see this epic moment for yourself? Skip to around the five-minute mark in the video below.

If you missed out on Wright’s rather interesting talk about the future of Bitcoin SV, you can catch it below. At the end of the day, even if he isn’t Satoshi Nakamoto it shouldn’t matter. He is trying to create a cryptocurrency that solves huge problems the world currently faces. Sure, he might be trying to take credit for something he didn’t do, but there are worse crimes.