Bitcoin inventor Craig Wright aims at a trillion transactions per second on BSV – CoinGeek
according to the inventor of bitcoin dr. craig wright, the original bitcoin, as in the bsv blockchain, is on track to hit 1 trillion transactions per second at its peak by the end of the decade.
dr. Wright spoke about these scale figures in a new interview with the jist on youtube. but before dr. wright could even begin to delve into the true capabilities of bitcoin, the host of the show had to express what he, as a journalist, went through before doing the interview.
Reading: Craig wright bitcoin sv
“You are, without a doubt, the most controversial person I’ve ever had on my show,” Jist host Josh Hamilton said as an introduction of sorts.
according to hamilton, no other guest so far has provoked as much outrage against his show as dr. good
what is so controversial about dr. craig wright, though? well he invented bitcoin; He sees the outcome of the Kleiman v Wright court case for more information. so people should celebrate the creator instead of losing their minds every time he appears on stage. however, no one is actually attacking dr. law; it is a commercial attack launched against it to stop the real bitcoin.
“they’re scared,” said dr. from wright to hamilton.
craig wright cleans up digital asset market; many don’t like that
“The entire industry is based on lies, deceit and fraud. exchanges are, I don’t know of one of them, a decent sized one, that is not a group of criminals. they are money launderers, they are scum, and everything else. and throughout history, all this ‘democratization of finance’ bullshit is the most bullshit anyone has ever come up with,” said dr. he said wright. he then explained how the current digital asset market is a ponzi scheme.
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these words could be part of the reason why certain digital asset market participants invest a lot of money just to harm dr. Wright’s reputation instead of embracing his inventions. but enough of the crypto crime cartel, which should be considered the past, let’s instead see what dr. wright had to say about bitcoin: the future.
oligarchy of silicon valley and bitcoin
dr. Wright explained to Hamilton that Silicon Valley’s advertising business model is one of oligarchy that keeps the competition out. With bitcoin, like the bsv blockchain, people will be able to participate in an open global economy. Almost a year ago, Dr. wright gave a keynote address on that topic and said that he, with his work on nchain and on bitcoin sv, could destroy the silicon valleys business model :
“In the next four years we are going to give them the foundations so that there will never be a Twitter again. ever. there will be no facebook we are going to destroy their business model. that’s why they hate me,” said dr. wright in his opening speech.
hamilton asked dr. why, in the last 10 to 15 years, the internet seems to have been subsumed by global corporations, leading to an ever-increasing centralization of the internet and social media. dr Wright points out that with direct payments, true peer-to-peer payments as he envisioned them in the bitcoin white paper, parts of the internet can no longer be owned by oligarchies.
btc and other blockchain projects do not serve this purpose as they cannot scale enough and are too expensive for direct payments. bsv blockchain has these capabilities, and that is why dr. wright is focusing his work on bitcoin sv, the original bitcoin that he invented.
have you read my white paper?
“my creation, my rules”, said dr. wright to hamilton, referring to his proprietary rights to bitcoin in general, as well as his copyright to the bitcoin white paper. wright explains that people who support btc don’t even understand bitcoin, nodes, decentralization and economics.
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“by definition, nodes create blocks… you have a few big nodes and a mosaic of little ones. on btc right now, 3 nodes control 60% of the network, and 15 in total discovered blocks in the last 6 months,” said dr. he said wright.
According to him, it’s a lie when btcers claim to have an unstoppable decentralized network with tens of thousands of nodes. there are no tens of thousands of nodes decentralizing anything in btc, and bitcoin was never meant to be unstoppable by governments anyway.
watching jist’s interview with dr. wright is a great way to get into the real history of bitcoin and the plan for bitcoin as envisioned by its creator.
How will the global financial system react to the bitcoin sv outage?
Hamilton ends the interview session by asking Wright how the current financial system will actually accept the full capabilities of the BSV blockchain. admitting that he can imagine a world running with bitcoin sv as a transactional base layer.
“what I’m going to do is show how we’re going to integrate this into 5g and 6g as part of the protocol, how we integrate this directly into ipv6, basically making bitcoin part of the internet protocol. so anyone can use bitcoin directly without any knowledge,” said dr. he said wright.
sounds good! So what was all the noise Hamilton experienced for this show? probably the noise of the interruption. hamilton could have dr. wright on the show from him again in the future, and I think there will also be fewer and fewer irritations regarding the creator of bitcoin then.
learn more about the true and original bitcoin-bsv block chain:
new to bitcoin? check out coingeek’s bitcoin for beginners section, the ultimate resource guide for more information on bitcoin such as as originally conceived by satoshi nakamoto—and blockchain.
See also: Why has Upstarts stock been such a dog this year? — The Technology Letter