Alleged Satoshi Nakamoto Craig Wright says he'd sell 'anti-crypto' Bitcoin that has 'no utility' as he touts his Satoshi Vision project
In a wide-ranging interview, the self-described Satoshi Nakamoto founder of Bitcoin, Craig Wright, confirmed he might eventually sell all of his bitcoins. "If you’re talking about BTC, then yes, I’ll eventually sell it, because it has no utility," he said, referring to the intrinsic value of the world's most popular cryptocurrency. If his claim that he is part of the mysterious Satoshi Nakamoto collective that co-invented the Bitcoin protocol turns out credible in the end, such a sale could be rather significant. Craig Wright was recently sentenced to pay US$143 million in intellectual property theft damages to the estate of the computer scientist he allegedly worked on crafting the initial Bitcoin network with.
The jury, however, decided that asking him to prove whether he is Satoshi Nakamoto is outside of the lawsuit's scope. He claims that he has access to some of the first 1.1 million bitcoins mined and any dump of that magnitude would put significant price pressure on BTC. During the course of the interview, Craig Wright continued to bash Bitcoin's popularity and even the fact that it is considered cryptocurrency. "When I designed it, it was clear text, it was actually designed not to be crypto," he informed, and continued that "Bitcoin is digital cash, so it’s anti-crypto."
The Bitcoin protocol, according to him, was initially created as simply an easier means of payment, not a cryptographic protocol like eCash or MojoNation. The current haphazard state of the digital asset market was also downgraded to a number of illegal "bucket shop exchanges... even Coinbase" that are completely unregulated. Unsurprisingly, he proposed a solution to all of BTC's shortcomings via his own nChain undertaking and its Bitcoin Satoshi Vision (BSV) project "that has value, that is more secure, faster, able to handle everything that Amazon does, and better."
Craig is not the only digital asset whale who thinks that the original noble decentralization idea behind crypto seems to have been lost to greedy speculation as Ethereum's inventor Vitalik Buterin recently expressed very similar thoughts during a lengthy interview in his turn. He, however, has been refuting Craig Wright's claims to be Satoshi Nakamoto, arguing that Craig is not versed on the technicalities of the protocol enough to claim that he has co-invented it.