Dr. Craig Wright, the Chief Scientist at nChain and the man who has been identified as Satoshi Nakamoto, is diligently working to clear up the confusion regarding Bitcoin. After sitting back and watching as the original idea of cryptocurrency was changed to suit the whims of certain people who could barely pronounce currency, alone understand how economics work, Wright has been setting the record straight with insightful publications that need to be ready by anyone even remotely involved with crypto and blockchains. His latest, Shades of Black, goes a long way toward showing the difference between the virtues of Bitcoin – a lawful, orderly endeavor – and virtually all other offerings found today that only seek chaos and anonymity.
Bitcoin can do something that the world desperately needs – it can help promote a better society. Wright explains, “Bitcoin will work because it stays within law in a manner that allows most nations to set policies. Bitcoin doesn’t help corrupt governments; to such governments Bitcoin would be their worst nightmare… It is not an anarchist system — nor one that allows people to breach the rules that are set to create a stable world.”
Those that would want to bypass government-led rules are the same that would bypass crypto rules. In other words, they’re the ones that are prone to gaming the system and conducting fraud and crime. These individuals have existed since the beginning of time and will continue to exist. However, Bitcoin is able to provide an added layer of protection and operate in an enhanced setting that can help cut down on the scammers and fraudsters.
Wright adds, “I designed Bitcoin in a way that ensures that groups such as Binance who seek to facilitate money laundering and crime will always fail.