Craig Wright on CoinGeek Backstage: Bitcoin has become Orwellian, but Im restoring the original vision

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Very few fiction books have had more tremendous success and significance than George Orwells1984, which follows the life of Winston Smith in the dystopian world overseen by Big Brother. Dr. Craig Wright believes that most of what he created with Bitcoin has been subverted, and concepts like peer-to-peer and decentralization have now become Orwellian. Hes now fighting to restore his original vision of Bitcoin (BSV).

Dr. Wright was in Dublin for theGlobal IoT Summit, where he delivered a keynote presentation on the integration of Bitcoin SV, IPv6, and the Internet of Things to bring forth a new era of the Internet.CoinGeek Backstagehost Becky Liggero caught up with Dr. Wright at the event to discuss his vision for Bitcoin.

The concept of peer-to-peer has been Orwellian in nature, Dr. Wright started, pointing out that it had changed drastically from when Bitcoin launched in 2009.

Peer-to-peer means a machine talks to another machine directly. [It doesnt mean] that a machine goes directly to this Amazon-like network of billions of dollars worth of computers bouncing around in a mesh and get it to the other end. Thats the distinction here, the nChain Chief Scientist told CoinGeek Backstage.

He further verified the purpose of the nodes, noting that the nodes are there to stop double spending.

Dr. Wright talked about Simplified Payment Verification(SPV) as well. SPV, he noted, is how you enable the scaling of Bitcoin, rather than have everyone running a node.

SPV was in theBitcoin white paper, but unfortunately and luckily, people didnt really get it. Its unfortunate becauseBitcoinwould be country miles ahead if SPV had been implemented from the go and also lucky because now thats enabled us to patent the technology and stop everyone else from stealing it.

In his presentation at the Summit, Dr. Wright delved into how BSVs decentralization would allow for theinfinite scaling of IPv6and IoT securely.

But as he told CoinGeek Backstage, decentralization as a concept has become Orwellian in nature as well. For him, decentralization means pushing things out to the edges. In politics, its the equivalent of lowering power as close to the people as possible through state governments, local councils, and so onnot getting rid of the government altogether.

In blockchain, decentralization means pushing everything out to the individual, Dr. Wright noted.

Dr. Wright has been unwavering in his conviction that Bitcoin isnt a criminal haven. Instead, its transparency makes it the antithesis of crime. He believes that by integrating Bitcoin into more aspects of our lives, taxes, for instance, we can rid ourselves of crime, and the good guys will win for once.

Watch: Dr. Craig Wrights keynote speech: A Better Internet with IPv6 and BSV Blockchain at the BSV Global Blockchain Convention

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New to Bitcoin? Check out CoinGeek’sBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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