While Bitcoin is BTC

The initial copyrights are by the original publisher

Something sure smells rotten

Is Nakamoto Satoshi really a pseudonym? Maybe it is, maybe it is not and does it matter according to the recent reclaiming of some copyrights? It is a strange situation where somebody thinks he can reclaim some copyrights after 11 years, under a different name. Sure, it is possible to file them, anybody can do so, if they please, but does that make such a claim legal? Well, as long as there is nobody picking up the challenge and take it to court, it will be left alone like it is. Is that a confirmation that mister C.S. Wright is the original author of the Bitcoin Whitepaper and the initial software code? No, it is not, so nobody needs to change any original literal writings that are copyrighted under the name of Satoshi Nakamoto. Whatever mister C.S. Wright might have filed in 2019, the original published literal works do not carry his name as the original creative writer. But maybe you can understand how this is a cunning trick. Well, with a big gamble attached, but it seems that kind of gaming is not completely unknown to mister C.S. Wright and his companion mister C. Ayre. Maybe the game they play could be called Poker Chess. But why on earth would they do such a thing? Well, maybe they know, or are under the impression, the real Satoshi Nakamoto is gone, or is silenced for ever. All these years have gone by, but even after 5 years no filing of copyrights claims. No movement of some of the value from the original first block rewards. So after more then 10 years, no real sign of life of Satoshi Nakamoto, that makes him/her or even them missing in action.

Why is any government department even on the hands of mister C.S. Wright? Or does it appear to be in some cases? Well, there might be a link between governments, banks and BSV {Bitcoin SV}. Maybe he was compromised, there are lawsuits, there were settlements, apparently, but at what cost? What is clear to me is that the whole idea of huge blocks of data will move any Crypto into centralization at some point. And mister C.S. Wright does admit that publicly. And yes, he wants banks and governments in, it will be an instrument for them to use. A gambling supporting developer that talks about honesty, hm, well, that had me in doubt. But it is very clear what the plans of mister Wright are. A Bitcoin blockchain forking clone, with the BSV token, that does not evolve, it only gets bigger blocks. That will need hardware to fit and a network infrastructure that can handle those massive numbers and figures. Mining TeraByte {TB} blocks, sounds nuts right? But with the proper ASIC hardware using extremely expensive TeraBytes of fast RAM and a ultra high speed internet connection using fiber optics, it could be done. That is not even a question to me. Most of it will be taken care of within so called Intranets, by that time, connected through ultra speed fiber optics. This is where banks and governments will step in. And that would make the banking monetary governance system the intermediate again, like before, controlling the digital money flow. Where all inputs and outputs can be traced back and forth, imagine the central control power of a super state that would give. So, yeah, I guess I can imagine what the disruptive function is within the Cryptos realm that mister C.S. Wright has to fullfil. He has been known to work with and for the banking monetary governance system. Maybe, under pressure, he took a gamble again...?

But does it really matter?

It might well be that the real Bitcoin {BTC} will become 1 million USD in value. That would bring the total market cap to a massive 21 Trillion USD. Mind you, each of those BTC can be split up again into 1 hundred million smaller parts, known as Satoshi. That is a grand total of 2.1 Sextillion Satoshi and with the Lightning Network ( every Satoshi could be divided into hundreds again. Creating deci and cent Satoshis, enough for the whole world to use BTC as a currency, adding up to an enormous amount of 210 cent Sextillion Satoshi...! Now try to wrap your head around those numbers for a brief moment. That is where the one and only Bitcoin, BTC, can be heading, if it can evolve well enough to stay out off the claws of a worldwide banking monetary governance central control system. (Such a system as is promoted by mister Wright and his companions, therefore he is not Satoshi, nor was or ever will be.) The one million USD value per BTC is a kind of a carefull estimation. Because the huge amount of available Satoshi one BTC {the real Bitcoin} could become worth way more than that. Or we simply might stop referring to any kind of 'fiat' at all, maybe as a relic from a recent dark past. Who knows, there is a lot of potential in Crypto currencies, not only in Bitcoin {BTC}, there wil be a purge, but many will survive and become of high value too. And if Cryptos want to be able to be the financial value transaction and storage system of the near future, then it has to evolve. That is what really does matter. Instead of holding on to the concept of a horse and carriage, just adding more horses and creating bigger carriages, that is just more of the same. There is no innovation in that.

Recently I have been using the Lightning Network {LN} on top of Bitcoin {BTC} and it is extremely fast. Even sending a few Satoshi can be done fast and cheap, well no costs even so far using the BlueWallet app. Could you imagine one loaf of bread costing 100 Satoshi Cent (that equals 1 Satoshi, remember?) And it is being payed for in a jiffy, with a Smart Wallet, taking a snap of a QR code. While that is being done on a second BTC layer, being either the Lightning Network or MimbleWimble, costing close to zero, the main Bitcoin blockchain takes care of securely moving around BTC filled blocks. No more new blocks are being mined for new BTC, so why would miners even want to do so? Well, just make a calculation and you might get it. If 1 Satoshi Cent is about the same value as now 1 Euro Cent, then one Satoshi would be close to 1 Euro currently. Then the value of 1 BTC then can be compared a 100'000'000 Euro now. Mister John Macaffee might even be considered quite conservative with his 1 million estimation. So even if the miner fee is 'just' 0.0001 BTC per KiloByte {KB} and blocks are still 1 MegaByte {MB}, then it would really pay to find the right code for a new block. As that would deliver 0.1 BTC, close to 10 million in current Euro value! How about that for a miner financial reason to keep mining those blocks? Even if most of the action is moved into second layers, at some point blocks will be added on the main Bitcoin {BTC} blockchain. Miners would maybe even settle for a lower price per KB data transaction. In that way the more expensive some Crypto like Bitcoin will be, the cheaper the cost per KB might become. As competition will level this out quite fast. Where maybe BTC (and others) might become extremely expensive to just own one of them, it will be very cheap to actually use them.

Some will still want the horse and carriage

While many may want to move ahead with the joys of invention and innovation, some will like to hold on to the past like it was still today and somehow tomorrow. "Make the carriage bigger up-to huge, larger wheels we need and more horses, we need more horses here!" To a few this might be what they feel comfortable with. They' shout how dangerous those tin cans are, without a horse in front, they go to fast and the government should come in and prohibit those. Forbidden are those motorized tin cans, they are used by crooks, thiefs and the likes. The so called highways they move over way too fast should be closed down. And banks should only finance the traditional horse and carriage! Sure, transport of things, animals and people should only be done by horse and carriage. Huge ones that is, with enormous capacity and loads and loads of horses in front of them. While everybody has to buy a ticket, registered by the banking monetary governance system, only those are allowed to travel and to transport. Yes, it sounds like a lot of fun, total central control, must be the best way for humanity to be free from rulers. And only the banking monetary governance system will be able to build those enormous carriages, to own such a lot of horses. It will prove itself that just by enlarging the carriages transport will be the best, because it is the biggest! The banking monetary governance system wants the best for humanity, we all know that right? Just look at what their reign over the world has done so far. Now you really trust them right? There were no criminals ever, we always had peace and nobody ever starved to death. Yes, bring on the horses, move in those enormous carriages! Long live the past!

Okay, so not for me. Maybe we will witness a time where that rubbish has been left behind in the past. Where 1 BTC has reached a value that can be compared to a 100'000'000 Euro now. And we use things like MimbleWimble, Lightning Network and or some other second layer financial transaction system, that even can do 0.01 Satoshi, or 1 Satoshi Cent. Where a 100 Satoshi Cent (equals 1 Satoshi) will buy you a loaf of bread. And young people will ask things like "Gramps, what was the banking monetary governance system like?" Maybe at that moment in time we do live in peace on earth and all are being well. My bet is that we have a better chance with a decentralized financial cryptocurrency transaction system that got rid off the banking monetary governance system intermediates. Just like the true one and only real Satoshi Nakamoto probably once envisioned. But be aware of false prophets trying to distort the truth with their lies and deceptions. You can choose between the huge horse and carriage with the enormous wooden wheels or the light-speed traveling automate moving over the superhighway of the future. And while you are at it you might as well enjoy the ride!

May the Cryptos be with us!

The Bitcoin BTC way or no way!

Image cc-by-sa @oaldamster