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Craig Wright or Satoshi Nakamoto | nChain | CC Forum London (2019) - YouTube
Channel: Trader Cobb
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I created Bitcoin to ensure that there
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was a system that you couldn't get away
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from the records on the trader cob
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crypto show talking business in
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blockchain
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[Music]
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the general ward of the trial crypto so
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I'm sitting here with another man with a
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fantastic name mr. Craig right mate
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thanks being honest I appreciate it
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welcome made some look we're here at the
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CC forum in London I want to get
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straight to the beaver as most people
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have read a lot about you they have
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heard a lot about you I want to know who
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the real Craig Wright is because I mean
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look you deal with a lot man you deal
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with a great deal what makes you keep
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going look what makes you keep pushing
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forward without everything that's going
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on so I developed Bitcoin as a system
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that acts within law that solves all of
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the problems with all these systems like
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digi cash and whatever else yeah yeah
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all these anonymous coins all these
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things like eat gold and Liberty Reserve
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and enables people to have a record and
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traceability yep and traceability is
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incredibly important than money without
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traceability you don't really have a
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money that can actually be legal you
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have a drug coin you have something that
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enables a whole lot of anarchists to run
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around saying we're outside the law
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Bitcoin is exactly the opposite so I
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created Bitcoin to ensure that there was
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a system that you couldn't get away from
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the records life that you can actually
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have identity separated that's why in
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the privacy section of the white paper
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it has identities firewall the ticker
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symbol and that is really a difference
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to how people envision Bitcoin they want
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to see it like it's digi cash or
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something like this it's not yeah
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bitcoins private not anonymous and
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that's a critical difference so I have a
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lot of people who don't want the message
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being out there I mean it's really
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started back in sort of the early days
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of August 2010 okay you had Ross
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Albrecht and a number of others came up
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with this stupid concept of a heroin
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store a what heroin store right I mean
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this is bad as in smack yes got it and
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it's still there I mean my bits are
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being pruned from Bitcoin talk over time
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but it's on the wayback machine and you
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will see I was talking about the concept
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we need commercial applications and they
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come up with why don't we make a heroin
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store right and that was the first
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opportunity they saw yeah
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I mean I don't do drugs myself or
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anything like that but I could
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understand if you were in Vancouver in
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that where it's legal to have marijuana
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yeah you could have a marijuana store
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because you can't get banking so these
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these guys can't get banking that could
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have been a valid use for Bitcoin yeah
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and what do they do
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no no we don't want that we must here
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were the worst of the worst that I've
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taught straight the tape then and the
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argument then
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oh we're saving people no they didn't
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for every six people they saved like
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drug dealers that didn't have problems
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on the street overdoses increased
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phenytoin use increase and there are six
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people died for every so called saved
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person that Ross likes to say and then
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he got even weirder
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he started promoting oh it's a free
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world we should be able to sell
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strychnine okay because maybe people
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want to kill rats right really dead
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proper proper dead Providence I mean we
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want to give them enough strychnine to
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kill an elephant
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those rides won't survive but I mean
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what I came segwang onto that Ross over
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time that information obviously he's
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sitting in a jail cell as we speak and
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other people are sitting in a jail cell
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and we have that
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vanity Jones guy is now I only recently
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finally moved some of these Bitcoin and
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is now sitting in a Thai Jail so he's it
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he's really lucky because we know you
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wouldn't want to go to an American jail
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if you have a Thai jail to go to know
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exactly of course right so he's made the
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right decision what do you think about
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the whole los nombres situation I mean
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he's in jail for for you know whatever
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is in jail for me there's a lot of
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reasons that they're saying that he's
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there all this sleep in the Far East
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activity 19 he's with on sweetie Road
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Silk Road I've been there and out the
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front do you think he's being made a
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scapegoat did you think it deserves that
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amount some what's your stance that
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because I mean a lot of people that like
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a drugs drug right and what seems very
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obvious to me and a lot of them you look
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at marijuana look at the tax dollars
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coming through with the legalizing it so
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to states of america mercy and catter
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and all these sorts of areas well that's
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fine but there's a difference there so
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he didn't this the market for Fenna tall
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and synthetic opiates right exists
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because of Silk Road okay
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so right that entire market now came
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about because of because of Silk Road
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okay Bennett all was very rare in
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America and in Europe before all of this
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and it allowed a number of producers in
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China to start shipping via mail right
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and this is the interesting thing
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there are known addresses for BTC that
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are associated with three drug lords
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that proper proper drug lords campaign
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that unknown to hold over a billion
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dollars worth of BDC and the argument
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that goes rounders you can't seize our
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BTC well that's actually wrong you can
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actually seize BTC when you know the
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addresses and they know the addresses
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because of all the captures on Silk Road
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and all the rest so when these guys who
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are billionaire drug dealers have their
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BTC seized because the Chinese
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government can't find them the Americans
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can't find them
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and they lose a billion dollars yeah
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what do you think they're going to say
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to all these BTC supporters have been
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lying to them saying it's unseasonable a
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little fine I'll just walk away and
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nothing will happen man I know I never
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do my only forgiving your hand well
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where everyone's nice and everyone's
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happy right exactly
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so look but it comes down you said that
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with Bitcoin it's anonymous so private
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but not anonymous correct so let's go
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back to that for a second
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so it's private not anonymous drug
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dealers are using it we know that a lot
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of the conversation through 16 17 was
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all about bitcoins just for drug dealers
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blah blah blah yadda yadda yadda now as
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we've seen this base progressed I mean
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what end of 2017 we saw JP Morgan go
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compose a bad bit kind of scam haven't
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you buy bitcoins a few job last for like
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I think it's only eight months oh here
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comes JP Morgan token right and it's all
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moved in that sort of direction when it
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comes down to it if like what what is
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the true value of Bitcoin and what is
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gonna scare governments from empowering
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us to be attitudes and obviously it's
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not centralized then they can't stop it
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well centralized no that's a whole wrong
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concept okay
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I mean centralized is the lesyk
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professor basic idea from the 90s and
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forget centralized I mean issuing a bond
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you're always centralized because you're
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issuing a bond issuing a loan you're
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always centralized because you're
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issuing a loan
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so this it's it's an insane techno
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communism that people have is a utopia
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it doesn't exist it can't exist there
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will be some things that are distributed
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some things that aren't and there's no
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such thing as it must be fully
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distributed this is bull yeah okay now
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the reality here is completely different
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it is a system that is traceable it is a
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system that allows you to have a record
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that keeps people honest now governments
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will be afraid not because of its
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decentralized or anything like that it's
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a system that records everything now
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imagine a world where if you're a
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corrupt cop and you get paid it may be
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feared on top of Bitcoin
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there's a record yes there could be
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there 20 years hence okay I get you
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imagine if you're a politician yeah and
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every bribe you take is recorded imagine
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you're an ex Prime Minister of Malaysia
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who they're trying to track money from
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and now every transaction is recorded in
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sizable it's actually Bitcoin strength
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that is also its weakness for further
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adoption in that case because the big
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dogs they don't want you to know what's
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going off with some lose some don't ya
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the honest ones to do the grown ones die
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and let's be honest there's not a hell
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of a lot of corruption in politics
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around the world so but it comes down to
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you have been in the in the media a lot
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and the media doesn't always tell the
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truth okay
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the media tell stories they are there to
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sensationalize things to make really
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make to get adverts to do all this of it
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we understand this very well and that's
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part of what I want to change when when
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we actually have micro payments which is
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one of the main reasons bitcoin was
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developed yep then we don't have ad
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based media okay and if we move away
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from ad based media it alters the whole
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system we get real news we get real news
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people start paying for things you don't
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have click firms in China because well
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if you have to pay for your own click
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farm then yeah he's become silly so I
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mean you've been going on there's a lot
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of other a lot of bad press a lot of it
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whinging you're not Satoshi look I
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couldn't give a if you were you're
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not it doesn't make a lick of difference
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to me there's a lot going on between you
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and your ex-partner or whatever it may
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be you want to call him that about the
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lane claims or a certain amount of
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bitcoins that is out there now at what
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stage you just go look I can't be
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bothered with us anymore
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it's my name's being solid i mean
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dragged through the dirt people are
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after me you know it must be really
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really hard for you why do you keep
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doing it what's the what is the driving
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force because it's not money I'm sure
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it's not money
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no it's money I've got multiple sports
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cars I've got a nice full little house
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in England
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they're really cheap - I understand
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leather for snow exactly I've got a
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collection of red socks yeah sighs
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exactly you know a man's made it when
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he's got red socks keep that one but no
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I mean I invented this I spent years
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creating something for a purpose yeah
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and it's not there and until I get
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people to understand it I'm gonna keep
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going and it'll take time it might take
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me another 20 years but if it does and I
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get people to understand and they adopt
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it and they see that they can actually
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have an honest form of money one where
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it's not about people doing drug deals
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imagine a system in the future where if
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someone kidnaps you or your daughter or
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something like this imagine you're
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kidnapped your wife will keep your
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daughter's been kidnapped and now you
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can pay the money and a month later get
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it back yeah how would that actually
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change criminal activity yes not only
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can you get the money back but you can
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actually create Ryder is exactly and
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there's no way to be silent in secret
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anymore I mean back in 2010 and 11 I was
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publishing papers on the economic nature
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of crime and I have a hypothesis that
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most criminal in nature not counting
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crimes of passion but organized criminal
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activity is all economic and nature yes
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yes yes and most criminals are actually
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hyper-rational so it's the opposite what
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people think they will do whatever
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taking into account the cost of the
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crime and the constant reward the risk
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and the reward so that they actually
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take morality of the equation and
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they're more rational than many other
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people who in traditional sense we don't
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include something like morality in what
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we consider rational although if you
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listen to or read Adam Smith actually
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Moral Sentiments was a big part of sort
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of the theory that everyone ignores the
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other side of
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- okay so I mean when it comes down
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about bitcoins there he's doing its
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thing he's growing in value it's growing
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in use case it's harsh but it's doing
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what it's made to be done right it's so
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why I come out and say that I am satoshi
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nakamoto whatwhat's the deliverable
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right now actually do that original okay
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so really how it happened and are you
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happy that it's now out there really I
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didn't actually want to come out at all
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but a whole lot of people doxed me in
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December 2015
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running around saying I was faking
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qualifications and scamming and and
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basically put out a whole lot of
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information to take me down before I
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could do anything because at that point
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I wasn't saying I'm Satoshi I was
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talking to banks and governments and
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others and I was teaching people how
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Bitcoin could work yep and that became
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scary to a lot of people okay so to the
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inner network or to the whole community
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- a lot of - both to aspects of the
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community those who want Bitcoin to
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enable drug sales and activity money
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laundering sort of movement of funds
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without any recognition the attacks
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those are the things all of those people
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became very afraid and they outed you
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yes okay so they put me out there and
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then also communicated a whole lot of
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things to discredit me at the same time
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right and unfortunately I didn't want to
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I mean I had no plans on talking to
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media so I didn't address any of it I
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put my head in the sand and thought it
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will go away because I didn't really
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understand how media works yeah I learnt
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the hard way and I thought if I just
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ignore this everyone will go away
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unfortunately
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no that actually makes it this yeah the
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snowball continues to go on - correct
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and then other people decided
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to run with it and sort of go with the
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story
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yep and that made it worse yep I can
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understand I say so listen like
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obviously they've got big coming up now
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we've got the Queen SV well we got
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Bitcoin and the node is SP the s Fei so
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what how does that play to you to enter
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pink coin strengths or weaknesses does
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it make Bitcoin more sustainable to make
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it less I mean how do these two come
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together but there's a lot of they don't
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smell together fighting and warring over
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and there seems to be a lot of honest
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and immaturity and just absolute
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rubbishing of everybody's names and you
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know what why can't we all just get
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along
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one I've ever talked about what because
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I have different agendas yeah at the end
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of the day well as of today we've got
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826 patents filed by the time mile as
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they well within chain well then thank
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God I'm sorry so my camera yeah so
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everyone loves to say who can't be
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Satoshi he files patents yet they forget
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block stream had filed three patents to
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which were granted and both of which are
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crap
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and they say how well I'm evil because
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whatever else you realize on those two
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patents they've raised 100 million
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dollars all right I have 825 at the
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moment so if I wanted to go out there
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and raise money yeah I don't need to do
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it on Satoshi yeah yep I understand two
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patents that's fifty million dollars of
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paintings paid yeah sorry
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and mine are better and then if we take
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other things like oh hell Finny he was a
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cyberpunk he would never do this elfin
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had three patents journalize he'll fini
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commercialized some of the aspects of
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PGP and sold them and patented so these
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myths business people love to
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make these myths and I love the right
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into them so exactly everyone loves a
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villain that's why the Batman movie
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works yeah everyone likes a god damn you
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are so where are we going from here with
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big
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and others sleep well I'm gonna keep
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going okay that's what I was going to
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ask so he's gonna keep at it I'm gonna
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keep building
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I've got patents filed on a whole lot of
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different areas like EDI people don't
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actually realize what EDI is about it's
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a 14 trillion dollar industry okay and I
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figure we could probably reduce the cost
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to the industry by about 98 to 99
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percent I mean I figure we could
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probably save Walmart around five
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hundred million dollars a year
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Jesus I mean small change yeah well why
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would I even bother listening to you on
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that sort of numbers exactly I mean but
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hey it's cryptocurrency it's all bad
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it's all a fraud now yeah you're gonna
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keep pushing on today but you want to
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the vision is exactly so the vision is
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performed or the heart stops ticking
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that's what people don't get when you
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get to a certain level it's no longer
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about the money yeah not a goal yep I
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mean a vision yeah I could probably have
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an easier life if I just floated around
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the Mediterranean knowing that if you
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definitely could run a bush good my wife
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I'd love it more that's life Craig right
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it's been absolute pleasure getting to
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know you get this big but you thank you
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very much I look forward to seeing the
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progress of the space where we are balls
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deep in this with trader Cove common
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media and whatnot we are doing our
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absolute best to help to us spread the
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gospel of Bitcoin so thank you very much
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your time ladies I didn't have a
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fantastic day bye for now
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the trader Cobb crypto show talking
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business in blockchain
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