Craig is attracting more criticizm because he's lately become even more agressive and vulgar. I heard a few of his speeches and he always gets angry when asked or contradicted and quickly moves to attacking his opponents instead of their arguments. In a conversation he's like a football player who can't hit the ball so he kicks other players.
After he realized he's losing the Kleiman case he got even more controversial. Who cares?
Topic: [2020-02-28] Can Bitcoin Be Seized as Self-Proclaimed BTC Creator Craig Wright C (Read 140 times)
March 01, 2020, 05:59:12 PM
March 01, 2020, 11:37:17 AM
Mining is already industrial
Sure
They need to follow general regulations and international law enforcement
Sure
They need to follow general regulations and international law enforcement
March 01, 2020, 05:31:19 AM
Trying to play innocent doesn't work very well for him.
That's how he built his following. One would expect people to have enough sense in their brain chamber that they wouldn't fall for the shit he's spewing, but the opposite is true. CSW and his gang are paid large sums of money to attend conferences all over the world. You can't visit a large conference without bumping into him.
In any other industry scammers would be called out and not invited anywhere, but the most retarded industry (crypto) takes things to the very extremes and doesn't give a shit about scammers. Goes to show how filled with scammers this space really is. Scammers surround themselves with other scammers.
February 29, 2020, 01:28:26 PM
Mining pool coercion could work, in theory
Furthermore, Lerner also said that miners cannot take control of the Bitcoins without changing the consensus protocol.
Furthermore, Lerner also said that miners cannot take control of the Bitcoins without changing the consensus protocol.
So they do know that a transaction is valid when it is signed by the private key, then what's the point of this article? Miners don't know users private keys, there's no mechanism to move coins without private keys, to change that a hardfork would be needed, but miners don't decide on hardforks, it's up to users aka full nodes. If miners decided to make such a change, they wouldn't be mining Bitcoin, they would simply create some mutable shitcoin.
As for blocking addresses, the concept for such attack was known for a long time, anyone who is curious can find some better sources than cointelegraf.
February 29, 2020, 11:40:11 AM
CoinTelegraph has only slightly more credibility than Craig Wright.
February 29, 2020, 06:40:57 AM
If we ever reach the times when BTC could be seized, I will change my view on Bitcoin as in I will think BTC is over.
There is absolutely 0 point in seizing something that is supposed and created to be decentralized. If we take decentralization and the trustless feature of BTC away from it, the only difference between the crypto king and fiat is going to be the non-physical existance of BTC and transparency (although BTC wouldn't be transparent anymore if I, as an authority, can move coins to the wallets according to my liking).
To me it seems like CShitW is trying to act as if he's supporting regulation 100%, but that contradicts the facts. Trying to play innocent doesn't work very well for him.
There is absolutely 0 point in seizing something that is supposed and created to be decentralized. If we take decentralization and the trustless feature of BTC away from it, the only difference between the crypto king and fiat is going to be the non-physical existance of BTC and transparency (although BTC wouldn't be transparent anymore if I, as an authority, can move coins to the wallets according to my liking).
To me it seems like CShitW is trying to act as if he's supporting regulation 100%, but that contradicts the facts. Trying to play innocent doesn't work very well for him.
February 28, 2020, 09:52:45 PM
Mining pool coercion could work, in theory
Furthermore, Lerner also said that miners cannot take control of the Bitcoins without changing the consensus protocol. Still, he admitted that mining pools, on the other hand, may be able to block Bitcoins if forced. He explained that governments could attempt to force most mining pools to prevent some Bitcoins from changing hands with a process similar to a 51% attack, but he does not expect this approach to work:
“The largest pools are composed by many smaller independent mining farms, and those farms would just start mining solo to prevent coercion instead of being part of such a pool. Therefore I suspect the government-controlled mining pool will just vanish from the available active and useful hashrate.”
Lerner concluded that such an approach would need law enforcement to prosecute miners that mine on pools that do not enforce censorship in many different jurisdictions. Even if such measures would be taken by governments, he expects that “Bitcoin would just switch to some other form of proof-of-work and keep moving forward.”
Author of the first proof-of-work crypto Karma System Emin Gün Sirer suggested that the claim is part of Wright’s effort to “lay down a misguided foundation to make his followers believe that miners can unilaterally reassign coins.” He said:
“This is likely part of his strategy to take ownership of Satoshi's coins. It's very transparent, shallow, and unconvincing. My professional opinion is that he's a nobody trying to pull a simple scam on unsophisticated investors captivated by his unconvincing, poorly constructed, fraud-ridden tale.”
Wright is drowned in criticism
While Wright has always been a controversial figure in the cryptocurrency space, lately he attracted much more criticism than usual.
https://cointelegraph.com/news/can-bitcoin-be-seized-as-self
Furthermore, Lerner also said that miners cannot take control of the Bitcoins without changing the consensus protocol. Still, he admitted that mining pools, on the other hand, may be able to block Bitcoins if forced. He explained that governments could attempt to force most mining pools to prevent some Bitcoins from changing hands with a process similar to a 51% attack, but he does not expect this approach to work:
“The largest pools are composed by many smaller independent mining farms, and those farms would just start mining solo to prevent coercion instead of being part of such a pool. Therefore I suspect the government-controlled mining pool will just vanish from the available active and useful hashrate.”
Lerner concluded that such an approach would need law enforcement to prosecute miners that mine on pools that do not enforce censorship in many different jurisdictions. Even if such measures would be taken by governments, he expects that “Bitcoin would just switch to some other form of proof-of-work and keep moving forward.”
Author of the first proof-of-work crypto Karma System Emin Gün Sirer suggested that the claim is part of Wright’s effort to “lay down a misguided foundation to make his followers believe that miners can unilaterally reassign coins.” He said:
“This is likely part of his strategy to take ownership of Satoshi's coins. It's very transparent, shallow, and unconvincing. My professional opinion is that he's a nobody trying to pull a simple scam on unsophisticated investors captivated by his unconvincing, poorly constructed, fraud-ridden tale.”
Wright is drowned in criticism
While Wright has always been a controversial figure in the cryptocurrency space, lately he attracted much more criticism than usual.
https://cointelegraph.com/news/can-bitcoin-be-seized-as-self
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