Home / 2019 / February

Monthly Archives: February 2019


The words were there in black and white at the end of this article “Careful What You Wish For“.

“I was Satoshi”.

Dr Craig S Wright has outed himself (a second time) as the person behind the name Satoshi Nakamoto and as the person who invented Bitcoin.

To my surprise this announcement didn’t change anything in regards to Crypto markets. There was the usual backlash from the BTC and BCH loyalists who react to any news about Craig Wright as a scam. Other than that, it was another day in Crypto.

So, let’s dig deeper. Why would Craig Wright claim to be Satoshi in 2019? One answer is that he had no choice. He’s being sued for a 1.1 million Bitcoins (3.5 Billion USD) in this lawsuit filed by Ira Kleiman, the brother of Dave Kleiman. Dave was Craig’s partner in creating Bitcoin. Since the court documents will be public and will show Craig’s involvement in Bitcoin prior to 2009 it’s possible Dr Wright is getting ahead of the game by owning his role as Satoshi Nakamoto.

Now that Dr Wright has made this statement he’s opening up about the history of Bitcoin, his original design and the mistakes made along the way.

What we’re seeing as more information is released is that Bitcoin was in development for 20+ years. The blend of technical, legal and economic knowledge required to produce a decentralized, nearly instant and resilient cryptocurrency is unfathomable. Mastery of any one area would be a lifetime of work. Somehow it seems Dr Wright has mastered them all and keeps on going. Among his achievements are many university degrees and a recent statement that he’s been awarded his 1,000th patent. Incredible if true. I am confident Dr Wright will be in your children’s textbooks next to other geniuses of the past 100 years.

Take a look at his Medium page where Dr Wright has released a new article almost daily for most of 2019. Much of what has been written there is game changing when digested properly. It takes a lot of work just to understand what’s being shared but once you do you begin the journey down the endless rabbithole that is Bitcoin. You are seeing a genius at work.

Say what you will about Dr Wright, much of the criticism about his communication is valid, he possesses an incredible, hardworking intellect. No one knows Bitcoin as well as he does.

Bitcoin SV is the only version of Bitcoin that Craig Wright supports with his numerous patents and where he focuses all of his time and effort. Dr Wright has shared his vision for Bitcoin numerous times. Bitcoin is an immutable ledger. A commodity ledger. An affordable place to store information in perpetuity.

What arises from Bitcoin as a shared global ledger is Metanet. Metanet becomes the new source of truth in the world because the information on Metanet has value. That’s a bold and slightly abstract statement. Let me rephrase this as every device, electronic or not, can be valued, tracked and be part of a global system. This is BIG data on steroids but with more privacy.

This ledger functionality includes moving the entire Internet to Bitcoin. As of today websites exist on Servers in datacenters. In the future that data will reside in Bitcoin transactions. Here’s a simple example:

Metanet is access to integrity in human behavior. When what happens is assigned value than what’s valuable is what’s happens, and everything else fades away.

Bitcoin is information. Information is money.

This post first appeared on Coinspeak.io

Comments »

Buying Blood

Deflating a bubble is painful, expectations are crushed, portfolios liquidated, communities disbanded. Malinvestment warps any market.

The gold rush caused by BTC appreciation caused a market for shitcoins to emerge that rivals other bubbles in history. There is a predictable cycle to all things and crypto is not immune:

We’ve all heard “Sell when others are greedy and buy when others are fearful”. This is easier said than done! It is difficult to act counter to emotion and market momentum. Yet, acting counter to the trend is where the most money is made…and this is one of those times.

End of 2017 we had “Weak Men Create Hard Times”. The BTC core team and the shitcoin project devs looking for easy money created hard times for the entire market. Fear, Uncertainty and Doubt was everywhere. Clowns like McAfee were given platforms to shill their scam projects. Emotions ruled.

2018 has been “Hard Times Create Strong Men”. During this bear market projects have died, money has been lost, hype unraveled. And yet, development has continued in Bitcoin. There’s been a stunning number of advancements from developers like the pseudonymous _unwriter as well as advances in projects like MoneyButton and HandCash (all on Bitcoin SV).

This continued work in a down market has prepped us for the next phase. “Strong Men Create Good Times”. The foundation has been laid. Let’s see how it’s being built on.

CEO of Twitter, Jack Dorsey, was recently on the Joe Rogan podcast. They discussed Bitcoin and Jack stated he only held Bitcoin. Jack also owns Circle which has BTC listed for purchase. What’s significant about this is Jack stated he’s interested in what coin is resilient. In that Twitter thread Jack is redpilled by numerous tweets about BSV vs BTC.

This is important because there are many Billionaires with pro Bitcoin stances. Jack, Novogratz, Draper etc. The thing is they are all backing BTC, but they are now hearing about BSV. When these billionaires inevitably shift their investments there will be an upheaval in BTC and BSV markets.

One reason I believe this will happen is that the conversation around Bitcoin is maturing (slowly). One example is this video by “Bitcoin and Beyond”. (put aside that they look like homeless basement dwellers and just listen to the audio)

This video lays out a series of events which builds a story around Bitcoin. Looking at the history of events a pattern emerges. It would take a few hours of following the links in the video to get the full picture but since I have already done that I can say that what emerges is a consistent message about Bitcoin over the past several years, all linked back to Craig S Wright. This consistent years long message is becoming more and more manifest in Bitcoin SV.

The plan is coming together.

Bitcoin SV plans to scale capacity aggressively, open the use of Bitcoin SV as a commodity ledger and to lock the protocol so that businesses can build on top of a stable platform that is decentralized, supports instant transactions and is immutable.

Most of the crypto community has not reconciled all of these developments for themselves for numerous reasons, but they are coming around. As they do, they find that these capabilities only work on Bitcoin SV. One example is Kevin Pham, who previously was a hardcore BTC proponent, and is now tweeting positively about BSV. These are the early tremors of a major shift.

Today it’s Kevin Pham. Tomorrow it’s the Bitcoin billionaires and Wall Street discovering the truth about BSV for themselves and buying.

You have the opportunity here to be positioned for greatness. It’s not easy to make bold bullish predictions in down markets but this is a unique opportunity. Bitcoin SV is Bitcoin and it will be the only surviving Cryptocurrency as well as a universal commodity ledger for information worldwide.

BTC will destroyed.

Act accordingly.

This post first appeared on Coinspeak.io

Comments »