'Satoshi Impersonator' Craig Wright: "BTC is Not the Real Bitcoin"

▲ Bitcoin (BTC)

Australian computer scientist Craig Wright has again criticized Bitcoin (BTC), arguing that the current BTC network must be distinguished from what he calls 'the real Bitcoin.' He pointed out that BTC has deviated from the original Bitcoin vision, becoming a structure overly reliant on corporate intermediaries and auxiliary networks.

U.Today reported on the 13th that Wright re-emphasized the difference between BTC and Bitcoin, using billionaire investor Ray Dalio's criticism of Bitcoin as an opportunity. Dalio recently stated that global central banks are unlikely to hold BTC on their balance sheets. His primary concern was the absolute transparency and traceability of the blockchain, with the public ledger exposing transactions to full surveillance and external monitoring.

Wright leveraged this argument to revisit his long-standing concept of separating BTC from Bitcoin. He claimed that the current BTC network is excessively dependent on intermediary structures like Coinbase, Block, and the Lightning Network. Wright viewed this very dependency as making BTC vulnerable to the criticisms raised by Dalio.

Wright highlighted his assertion by posting on X (formerly Twitter) to the effect of, 'That's BTC, not Bitcoin.' He explained that what he refers to as 'the real Bitcoin' should operate as a pure peer-to-peer network using an IP-to-IP method. In this structure, users send funds directly to each other, and nodes only record payment details, thereby eliminating reliance on third-party services.

U.Today reported that what Wright traditionally refers to as 'the real Bitcoin' is the Bitcoin Satoshi Vision (BSV) fork. However, despite Wright presenting this debate as a fundamental technical argument, the market capitalization of the BSV project he promotes remains near historical lows. In contrast, the original Bitcoin maintains its position as a leading digital asset, receiving recognition from global institutions and supported by spot ETFs.

Wright pointed out that scaling methods like the Lightning Network are technical compromises for BTC, and there's also an assessment that he is repackaging his existing claims by leveraging Dalio's authority. U.Today reported that since Wright's claim to be Satoshi Nakamoto was officially dismissed by the London High Court, this debate now remains a limited interest for blockchain history researchers.

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