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Craig Wright, in a letter sent to the Commission on Trade in Futures (CFTC), reiterates that it is Satoshi Nakamoto, in addition to formulating a series of criticisms at the same time. against Ethereum. The so-called creator of Bitcoin says he is willing to testify under oath.
Wright sent his statement on February 15, claiming that Bitcoin was a project he had been working on since 1997. adds that the initiative was launched under the auspices of the Australian Government as AusIndustry project called BlackNet, which would have been registered in the Innovation department.
It should be noted that the CFTC asked for comments on the industry last December to evaluate regulatory policies and solicit the collaboration of specialists and experienced entrepreneurs in this field. The initiative is highlighted in the initial exchange offers (ICOs) and other blockchain implementations.
Faced with Wright's claims, the question arises: what led the supposed creator of Bitcoin to reveal his identity after hiding it for years? According to the document sent to the CFTC, it's the lies that have been spread about the technology they led him to become "more public". These false promises would have resulted in "widespread misinformation", as well as the revival of old scam models among which Wright points to the OIC.
The amount of misunderstandings and misinformation that has spread about Bitcoin and any chain block-based derivative system (like Ethereum, among others) has made my choice to become more public.
Craig Wright
CEO, nChain
It should be noted that when searching for information on BlackNet or a similar project associated with the Australian Government, there are no more sources than suggested by Wright himself. However, the name coincides perfectly with an experiment in digital and anonymous currency, previously created by the famous cypherpunk Tim May, in which the Australian claims that it served as inspiration.
Ethereum: Wright's main target
The criticisms against Ethereum are particularly strong. According to Satoshi, who describes himself, the network is extremely "mediocre". It is a copy of Bitcoin and its features that, moreover, has the banner of decentralization without deserving it. The Australian claims that the Ethereum network is controlled by "less than 20 knots".
Ethereum is a poorly designed copy of Bitcoin, designed to complement the promise of smart contracts and scripts delivered within Bitcoin, but which have been prevented by Bitcoin's core developers who attempted to activate anonymous transactions within Bitcoin. of the system.
Craig Wright
CEO, nChain
According to Wright, Ethereum was only used to raise capital through ICO, which he said was generally fraudulent schemes designed to "trick" non-technical investors. For him, No element created in Ethereum enhances or exceeds the pre-existing network technology.
Another element with which Wright is particularly scathing is the Proof of Participation that attempts to adopt Ethereum as a consensus mechanism. NChain's CEO said he himself tested point-of-sale payment systems between 2003 and 2007, thus corroborating the collapse of this type of system and pointing out that it was based on an "oligopoly game".
Reviews against "Faketoshi"
Previously, as part of the Deconomy 2018 event, the co-founder of Ethereum, Vitalik Buterin, had publicly called Wright Fraud. Which, apparently, did not please the Australian, who focused much of his document on a deep criticism of Ethereum, as an accusation against an authority like the CFTC.
Craig Wright has repeatedly stated that he was hiding under the pseudonym of Satoshi Nakamoto in the Bitcoin White Paper. However, on this occasion, he did it in front of a public institution in the United States; which gives it a certain prestige, to identify itself as the creator of Bitcoin, to fiercely criticize Ethereum design and governance.
In addition to Buterin, other personalities such as Jack Liao (who publicly called him "Faketoshi") named Wright as an impostor. The latest accusation of this kind came from WikiLeaks: "Craig S. Wright is a serial forger with proven track record documents that claim that he is the inventor of Bitcoin. He was captured several times. This was independently verified by WikiLeaks at the time of their first claim and thereafter, "they said of the organization.
The image selected by: igorp17 / stock.adobe.com
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