Bitcoin Theory Examines Donald Trump, The Crypto Mailing List And The SIGHASH Guy


The “Theory of Bitcoin” series continues with an overview of some of Satoshi Nakamoto’s writings. The series of interviews between the creator of Bitcoin, Dr. Craig S. Wright and Ryan X. Charles of Fabriik begins on a slightly different note this week, with Charles asking Wright for his opinion on current events.

Asking Dr. Wright this kind of comment is bound to be controversial, and it doesn’t disappoint. The two begin by discussing Donald Trump’s “de-warping” of Twitter and other social media services.

Deplatform, and whether it is possible to prevent it

Dr Wright reveals that he himself was twisted by Twitter a few years ago, after complaining that the network was infringing its copyright by allowing certain material to remain there. The company’s response was to delete its own account.

When asked if it is possible to create a social network where it is impossible to distort someone, Dr Wright replied that the answer lies in protocols and overlaid networks, allowing users to choose what ‘they see / don’t see and, perhaps more importantly, own theirs. The data. In addition, users could move their data from one network to another. He gives the example of emails: you can’t be misrepresented of one email app, and even if you were, you could just use another. A Twitter-like messaging protocol could work by allowing users to have their own feeds and different services choosing whether or not to include these feeds in their own platforms.

You may need to pay, or at least micro-pay, to use these new services. But the current revenue model based on Internet advertising is obsolete, and users continue to “pay” for them through the sale of their personal data and a decrease in usability. They mention Baemail as an example of how Bitcoin developers are starting to experiment with new models.

There is a discussion on the Metanet, IPv4 vs IPv6, Conditional File Access, and how IPv6 (when properly used) makes for better P2P networks. Charles notes that much of what is broken on the Internet and online services today could come from over-reliance on IPv4, which has far fewer IP addresses and has “forced” the world behind them. NAT routers and in centralized services like Twitter and Facebook. Before the Internet started to run out of addresses, P2P was more popular.

Back to the crypto mailing list, and what people got wrong

At this point, Charles reverts to Satoshi Nakamoto’s original posts on the crypto mailing list, pointing out how the character “James Donald” plays the role of a “worried troll” in these early responses, expressing doubt about the ability. of Bitcoin to do any of the things it promises … without ever having seen or tested the software. Charles notes that Donald’s answers actually form the basis for many subsequent misconceptions about Bitcoin and its purpose, repeated to this day.

Ray Dillinger’s answers are somewhat similar, although they demonstrate a better attempt to understand Bitcoin. Dr Wright notes that some of the misconceptions may stem from earlier attempts to create a pre-Bitcoin “cryptocurrency”.

There is also an attempt to more clearly define Dr. Wright’s overall ideological position, which appears to contain a mixture of different ideas. libertarian? Classic liberal? Even neoconservative? Dr Wright clarifies this somewhat, with views on governments, the military, central banks and architecture. But please stay away from anything to do with Foucault and postmodernism, he advises.

If you’re tired of politics, don’t worry as the conversation quickly drops back to topics like neural networks (and how they can be relevant to Bitcoin), the implications of transactions requiring many different conditions to be met before the start. trigger, and what happened when Dr Wright tried to communicate some of his ideas to Google, in the pre-Bitcoin era. As always, “Theory of Bitcoin” is a highly recommended, if not essential, visualization for everyone in the industry.

To watch previous episodes of Theory of Bitcoin, subscribe to the Theory of Bitcoin YouTube channel here.

New to Bitcoin? Discover CoinGeek Bitcoin for beginners section, the ultimate resource guide to learning more about Bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.



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