Book-Bit & Coin

The defamation case of Wright v. McCormack is telling in multiple ways, not only in the result itself, but also in how the BTC world and cryptoverse have reacted to it.

In Wright v. McCormack, Australian/UK scientist Dr. Craig S. Wright sued podcaster Peter McCormack for libel (defamation in writing). McCormack in a series of posts on social media called Wright a fraud for claiming himself to be Satoshi.  Wright sued McCormack in a UK court for libel.

The outcome in the lower court: Wright won a judgment against McCormack on all libel accounts. But the judge awarded Wright only a symbolic £1 for the damages.

A recent post by Dan Thomas on LinkedIn brought up the issue of the usefulness of blockchain, web3, NFTs, etc., and touched on the question of decentralization and blockchain trilemma.

Any sign of sobriety during this intoxicating crypto frenzy is a good thing.

I partially agree with the original post, especially the point that many of the incumbent businesses shouldn't be excited about DLT and Web3 because, as the author points out, a lot of things they want to do can be done more efficiently and more economically using conventional database technologies.

A great post and an instructive dialogue on LinkedIn. A thoughtful question by Michael Fletcher led to Dr. Craig S Wright answering with genuine Satoshi authority.

Genesis does not just mean the beginning. The purpose of calling this the Genesis block relates to the fact that there was nothing but chaos in the beginning. The creation of the Genesis block takes data without form and void as darkness upon the face of the deep. With this, light enters, and the system forms. That is why it is a Genesis block.

According to bitinfocharts.com, the total volume on the Bitcoin SV network over the past 24 hours surpassed 10 million transactions, which equates to nearly 4 times the total number of transactions of all other blockchains – there are thousands of them – combined. Denying that this is real adoption is bias.  Denying that this shows...

"Opposing Views: Money, Bitcoin & Role of the State" on Real Vision is an interesting conversation between Mike Green and Robert Breedlove, moderated by Real Vision senior editor Ash Bennington. Mike is the Chief Strategist and portfolio manager at Simplify Asset Management. He is a well-known Bitcoin bear. On the other hand, Robert, founder of the “What Is Money?” podcast, is one of its most vehement proponents. Their disagreements originate from deeper convictions surrounding the proper methods of organizing society and the economy.