Craig Wright aka Faketoshi, a strong believer of the Bitcoin Satoshi’s Vision implementation for the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin proponent, to speak about the upcoming hard fork, which is scheduled on November 15, 2018.
Wright started off by speaking about block size. He remarked that there should not be a block size and that the original version of Bitcoin also does not have a block size. He went on to say that Bitcoin did not have an economic value in its initial stages. Wright said:
“It was added as a temporary measure only because there was no economics in Bitcoin. You couldn’t even buy two pizzas with 50,000 Bitcoin at that stage, really, I mean there were occasional exchanges of silly things like that but the reality was there was no economic value to Bitcoin”
He continued to say that this is actually an attempt to change the protocol. Wright further spoke about the opcode the Bitcoin ABC team wants to add, OP_CHECKDATASIGVERIFY [DSV].
The self-proclaimed Satoshi Nakamoto said:
“If you consider the things like DSV and whatever else, is not part of Bitcoin and everything that we’re doing is the original Bitcoin re-enabled. That’s the distinction. So the difference they want in saying that DSV should be there, is the addition of something that changes Bitcoin from effectively something that is legal in every single country on earth contrary what you see in the press”
Wright added that there has not been any country which has had “Bitcoin illegal ever”. According to him, DSV alters everything and would create a bucket shop. He went on to say:
“Now, that creates a bucket shop, is what it’s known under law. It was actually first taken up in the Supreme Court in the US in 1906. It’s an illegal derivative trading for our platform and we just saw finally a DEX being shut down by the SEC and others will.
Wright stated that people do not understand that Bitcoin is a settlement engine, the central nodes, the miners are settlement and that P2P means that two people transact together, without any machine. He said:
“P2P means you and I transact together now this idea of it’s decentralized trade, you and I transact together there’s no machine here so there’s always a person involved and as soon as you do that, you alter the nature of the system it’s no longer fungible because fungibility is not a technical issue it is a legal issue.”
He continued to say that once there is any transaction which contains the DSV, it would be a breach of the law. This would effectively mean that it will no longer be valid in America, UK, China and other countries, he added. Moreover, people will not be allowed to carry this forward without being registered and a miner will have to break the law in order to valid a transaction.
Wright further added:
“it’s different to something in script where someone can script a code and link to an external server that’s completely and utterly different. So there is a difference between building something into a software platform or having a code language that allows you to build something and people don’t seem to get this differentiation.”
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