It’s always a pleasure to hear from Dr. Craig Wright, and last week, Nigel Smith checked in with the Bitcoin inventor to cover everything from the recent Kleiman v Wright trial to the current BSV ecosystem.
Kleiman vs. Wright & COPA
Dr. Wright said the outcome of the trial was “very good” and that Ira Kleiman’s claim to be the only shareholder of W&K Info Defense Research LLC is a form of fraud and is blatantly false.
Moving on to the COPA case, Dr. Wright said that it won’t happen for “probably another year or more.” He defended taking people to court to settle issues, mentioning that Plato and Aristotle both promoted the idea as a means to understand the power of democracy and the Western legal system.
Dr. Wright described Twitter (and Facebook), one of the litigants on the COPA side, as the greatest threat to Western democracy outside of Russia and China getting together with weapons. He described recent tactics by COPA as nothing more than scammers delaying the end of their scams.
BTC as a Ponzi scheme and proof of stake
Describing BTC as a classic Ponzi scheme, Dr. Wright again pointed out that it makes no sense to buy and hold something because you think other people will buy and hold it. This is profit-seeking without work and operates in a very similar way to classic pyramid or Ponzi schemes.
Getting into proof-of-stake, Dr. Wright overlooked it as a way to stop competition. Whereas proof-of-work always allows for new entrants to innovate…
