Bitcoin has received quite a bit
of attention in the news lately, for a variety of reasons. Firstly, the fast
climb in the value of the currency and then its volatile value drops have been
a hot item of news across the world.
The talk of Facebook’s Libra currency
has drawn out many conversations on the cryptocurrency subject, where Bitcoin
has been indirectly drawn into the spotlight again, as a benchmark to judge the
merits of the system on.
Lastly, news surrounding the claimed founder of Bitcoin, Craig White, has put a focus on the currency in a different form completely. We have covered some articles in this regards in the last few months. While fast conclusions are up in the air, the speculation around the authenticity of his claims to be the founder of BTC, are not well received in crypto circles by purists.
There are, however, those who
have accepted what Dr Wright has claimed and embrace him as the famous Satoshi
Nakamoto. The Expo-Bitcoin International
2019 in Bogota Columbia saw Wright receive a very warm welcome indeed.
THE SATOSHI EMBRACE
Invited as prominent speakers,
Dr Wright, along with Jimmy Nguyen (Founding President of the Bitcoin
Association), were invited to Bogota to speak about Bitcoin and law. Their
arrival was met with open arms as crowds of people met them with fan-like
When presented to the council,
Dr Wright was officially introduced as Satoshi Nakamoto, the creator and
founder of Bitcoin and the blockchain. It is therefore evident that more and
more people are embracing who he says he is.
MESSAGE OF FREEDOM
The premise of Dr Wright’s
message revolved around his vision to see average men and woman embracing a
globally connected economy where borders are no longer a hindrance to trade. He
romanticised about the poor and the isolated receiving the ability to trade
their goods anywhere on earth thanks to the Blockchain. This is indeed a plight
which the crypto community can agree on.
Instead of opposing the government,
Wright played the safe card and spoke about a vision that did not wish to
destroy governmental systems, but of a mission to abide by the law, but to help
keep government’s honest. This view presents a well-worded balance that both
the public and the government can swallow quite easily. It presented a door for
Wright to present what he truly was there for – Bitcoin SV (Satoshi Vision).
His current platform was
introduced to the council as the answer to empowering Columbia and the rest of
Latin America. Bitcoin SV is said to embrace what Wright initially intended for
Bitcoin before the world twisted and contorted the platform. The acclaimed
Nakamoto set about using his Bitcoin stature to introduce a concept that he
believes the world could really benefit from. In our estimation, it’s also a
platform that he stands to benefit from more than with Bitcoin, as he has lost
control to the Satoshi BTC wallets.
Bitcoin SV was touted as a
decentralized way of Columbia circumventing US sanctions on the country. The
question begs answering: When Wright seeks to work within the laws of the
government, to which government is he referring?
CELEBRATING SATOSHI IS NOT UNIVERSAL
Once Dr Wright had completed his presentation to the Bogota Council, he was surprised with an official honour for his work on Bitcoin under the pseudonym – Satoshi Nakamoto.
While one country seems geared
to honour him, many other Bitcoin enthusiasts have their real doubts about the
authenticity of his claims. His sudden change of stance, as well as the fact
that Bitcoin SV was the offered answer to the South American crisis, seems a
sure sign to some that he is riding the Bitcoin bus for the sake of his own
There really is no way of him
proving his claims while so much evidence seems to point in the direction of
falsehood. These include:
of theft and fraud by the Kleinman estate.
to Nakamoto Digital Bitcoin Wallets.
reversal of the stance perceived about Nakamoto to this point.
We cannot deny that blockchain
principles may be the best bet for some countries and that blockchain
technology is the way of the future. Fiat currency needs a competent
competition and should any cryptocurrency rival them, it would be a great
It seems likely that the only
form of cryptocurrency that will be accepted internationally, is one that
becomes regulatory friendly. Perhaps this why the principles of Wright seem to
pander towards tolerance rather than defiance at the moment. Perhaps, it will
take a refreshed view on Blockchain to carve the way forward.
With so much division in crypto circles, it may be up to platforms like the Libra Network to make the difference and bridge the gap between blockchain and the public.
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