xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
Share Dialog
Share Dialog
What if Satoshi Nakamoto wants Bitcoin privatized? It seems likely that Dr. Craig Wright wants exclusive rights over Bitcoin. Yet people who are using Bitcoin and are benefiting from it would like Bitcoin to become open source as long as possible.
TL;DR
Jack Dorsey, the former CEO of Twitter, is building a legal team to fight the potential over control of Dr. Craig Wright, a true Satoshi Nakamoto.
Here is a 1 min summary of the article if you want to skip the reading.
Who Is Satoshi
We do not precisely know who Satoshi Nakamoto is. We only know that he or a group of people invented Bitcoin, the first cryptocurrency widely used around the world nowadays.
Who Is Dr. Craig Wright
He is the person who claimed himself to be Satoshi Nakamoto and solely invented Bitcoin. He also wanted to control Bitcoin and make Bitcoin exclusive fully. He was patented the Bitcoin white paper worldwide to make it inaccessible to people around the world in the past.
When Dr. Craig Is Satoshi
If Dr. Craig Wright is truly Satoshi Nakamoto, he will privatize Bitcoin. He will control Bitcoin technology, including the code and the whitepaper for others to use for free. He will make open-source cryptocurrency a closed source.
COPA
Jack Dorsey created Crypto Open Patent Alliance to free all crypto materials from patent laws. It is a movement to make crypto become an open-source technology that everyone can participate in and develop from. A patent will slow down technology progress and makes technology centralized.
Bitcoin Legal Defense Fund
https://twitter.com/zackvoell/status/1481081232356163585
Jack Dorsey created another fund to help crypto developers freely develop technology without worrying about lawsuits. Like Dr. Craig Wright, who may sue everyone to use Bitcoin technology, Bitcoin Legal Defense Fund will help individuals and protect them from being sued by Dr. Craig if he becomes Satoshi.
Open Source
Cryptocurrency is always an open-source technology from day one. Therefore, privatizing cryptocurrency is against the idea of decentralizing the current system and moving backward, which we do not want in the future.
In Conclusion
I think Jack Dorsey is right about his legal funds to continue serving coders and developers to seek the advance of crypto technology without worrying about being sued by an individual who wants to control the technology.
What if Satoshi Nakamoto wants Bitcoin privatized? It seems likely that Dr. Craig Wright wants exclusive rights over Bitcoin. Yet people who are using Bitcoin and are benefiting from it would like Bitcoin to become open source as long as possible.
TL;DR
Jack Dorsey, the former CEO of Twitter, is building a legal team to fight the potential over control of Dr. Craig Wright, a true Satoshi Nakamoto.
Here is a 1 min summary of the article if you want to skip the reading.
Who Is Satoshi
We do not precisely know who Satoshi Nakamoto is. We only know that he or a group of people invented Bitcoin, the first cryptocurrency widely used around the world nowadays.
Who Is Dr. Craig Wright
He is the person who claimed himself to be Satoshi Nakamoto and solely invented Bitcoin. He also wanted to control Bitcoin and make Bitcoin exclusive fully. He was patented the Bitcoin white paper worldwide to make it inaccessible to people around the world in the past.
When Dr. Craig Is Satoshi
If Dr. Craig Wright is truly Satoshi Nakamoto, he will privatize Bitcoin. He will control Bitcoin technology, including the code and the whitepaper for others to use for free. He will make open-source cryptocurrency a closed source.
COPA
Jack Dorsey created Crypto Open Patent Alliance to free all crypto materials from patent laws. It is a movement to make crypto become an open-source technology that everyone can participate in and develop from. A patent will slow down technology progress and makes technology centralized.
Bitcoin Legal Defense Fund
https://twitter.com/zackvoell/status/1481081232356163585
Jack Dorsey created another fund to help crypto developers freely develop technology without worrying about lawsuits. Like Dr. Craig Wright, who may sue everyone to use Bitcoin technology, Bitcoin Legal Defense Fund will help individuals and protect them from being sued by Dr. Craig if he becomes Satoshi.
Open Source
Cryptocurrency is always an open-source technology from day one. Therefore, privatizing cryptocurrency is against the idea of decentralizing the current system and moving backward, which we do not want in the future.
In Conclusion
I think Jack Dorsey is right about his legal funds to continue serving coders and developers to seek the advance of crypto technology without worrying about being sued by an individual who wants to control the technology.
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