Re: What the Return of Satoshi (aka Craig Wright) really means?
Hopefully after all the dramatic handwringing, emotional denials, and conspiracy theorists settle down, people will begin to focus on the most important revelations that came from Craig = Satoshi's comments in the video.
There are a few main points I see as being helpful in clarifying the direction of things regarding bitcoin.
1) Craig/Satoshi basically took a stance against banks running private blockchains.
2) Craig/Satoshi has a Supercomputer and he ain't afraid to use it! He has been actually - running Bitcoin Scalability models on it for the past years.
3) Craig/Satoshi talked about the ability to add Turing language capability as a layer in bitcoin functionality (don't know if I got the terminology exactly correct - but the concept of Turing level capability - similar to Ethereum - was promoted, and more info suggested to be forthcoming)
4) Craig/Satoshi's going to be releasing some papers, and it is apparent that he's jumping into the discussion to help guide this process along. And if line item 2) is correct, then he should be bringing some pretty hard (and helpful) data from his years of model crunching.
5) Craig/Satoshi plans on being involved in the "reconstruction" of the global banking system, by establishing a more fair and unmanipulative banking model. a 1 => 1 loan/reserves ratio based model. If you aint got it - you don't lend it. No "creating money". (This came from research/previous statements - not the video)
6) Craig/Satoshi has further plans for "using his power for good" such as the INTEGYRZ Global Education Project. (This came from research on his company - not video)
So, I know that the Craig = Satoshi position creates the desire by some to freak out. But putting that aside, and assuming that anyone emerged under the existing and above scenario (lets just PRETEND Craig = Satoshi) - what might it mean for the direction of bitcoin? Any Comments? Or is the bee's nest still buzzing too angrily to begin intelligent discussion?
There are a few main points I see as being helpful in clarifying the direction of things regarding bitcoin.
1) Craig/Satoshi basically took a stance against banks running private blockchains.
2) Craig/Satoshi has a Supercomputer and he ain't afraid to use it! He has been actually - running Bitcoin Scalability models on it for the past years.
3) Craig/Satoshi talked about the ability to add Turing language capability as a layer in bitcoin functionality (don't know if I got the terminology exactly correct - but the concept of Turing level capability - similar to Ethereum - was promoted, and more info suggested to be forthcoming)
4) Craig/Satoshi's going to be releasing some papers, and it is apparent that he's jumping into the discussion to help guide this process along. And if line item 2) is correct, then he should be bringing some pretty hard (and helpful) data from his years of model crunching.
5) Craig/Satoshi plans on being involved in the "reconstruction" of the global banking system, by establishing a more fair and unmanipulative banking model. a 1 => 1 loan/reserves ratio based model. If you aint got it - you don't lend it. No "creating money". (This came from research/previous statements - not the video)
6) Craig/Satoshi has further plans for "using his power for good" such as the INTEGYRZ Global Education Project. (This came from research on his company - not video)
So, I know that the Craig = Satoshi position creates the desire by some to freak out. But putting that aside, and assuming that anyone emerged under the existing and above scenario (lets just PRETEND Craig = Satoshi) - what might it mean for the direction of bitcoin? Any Comments? Or is the bee's nest still buzzing too angrily to begin intelligent discussion?
I think that if all this is true, we are living a historical moment, in which the monetary system will radically change and all those who rule the world today would see it's power cracking as people would take control over the economy (and not financial giants as it is today).
All this is so revolutionary that it's really hard to believe. Really too good to be true. But what a wonder if it's true!
Let's wait the papers and the next statements from the guy. And keep our fingers crossed
