{"id":140991,"date":"2021-10-06T21:09:24","date_gmt":"2021-10-06T21:09:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140991"},"modified":"2021-10-06T21:09:24","modified_gmt":"2021-10-06T21:09:24","slug":"craig-wright-time-is-a-personal-experience","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/craig-wright-time-is-a-personal-experience\/","title":{"rendered":"Craig Wright: Time is a personal experience"},"content":{"rendered":"

\u201cTime is a personal experience.\u201d That was the title of nChain Chief Scientist Dr. Craig Wright\u2019s keynote speech at the CoinGeek Conference in New York. Sounds like a philosophical, even theological presentation, right?<\/p>\n

\u201cWe are going to start thinking about time. If we are going to put evidence down, that is what evidence is. Not \u2018I have signed a bloody key.\u2019 And I\u2019m going to\u2014bit by bit\u2014get this through people\u2019s thick fucking skulls,\u201d Dr. Wright said.<\/p>\n

Well.\u00a0<\/p>\n

For everyone new to all of this: Dr. Craig Wright is on his way proving in court to be the person behind the famous pseudonym Satoshi Nakamoto.\u00a0<\/p>\n

\u201cI get to spend a little bit of time in court, it is not a fun process. But what do I do? I have to show evidence over time. I don\u2019t sit there going \u2018Hey, I\u2019ve got a key!\u2019 because anyone can copy a key (…). Time matters. How do you prove things? Time,\u201d Dr. Wright said in his keynote speech.<\/p>\n

This year\u2019s CoinGeek conference in New York was not the first occasion Dr. Wright mentioned time in detail concerning Bitcoin. As can be read in his article \u201cMoney is Time and Energy,\u201d money is described as a means of mapping obligations, a way of sending obligations through time\u2014while Bitcoin is an ordering and timestamp<\/strong> system that allows for the creation of efficient and effective digital cash.<\/p>\n

Craig Wright knows about time\u2014even going back thousands of years. One of Wright\u2019s dissertations is titled \u201cGnarled roots of a creation mythos,\u201d in which he examined the shared mythological origin between different religions.<\/p>\n

In his latest keynote speech, Dr. Wright explains how individuals perceive time in Bitcoin, which seems simple: it is what Bitcoin nodes and individuals in Bitcoin experience and have evidence of.\u00a0<\/p>\n

\u201cNodes verify what they see on the network,\u201d Dr. Wright said, pointing out that nodes record time and do not have to rely on what other entities tell them. Bitcoin and all information exchanges in it are not anecdotal, but empirical. According to Dr. Wright, Bitcoin is a reputation system if built and used correctly over time.<\/p>\n

In the presentation, he also points out that identity is not having access to a Bitcoin key, but identity exists outside of Bitcoin\u2014being built by one\u2019s own history, events, proof of work, relationships and more.\u00a0<\/p>\n

Dr. Wright emphasizes the importance of the scientific method which should be used as a testable process in science, in court and in the world in general.\u00a0<\/p>\n

\u201cIs it real or not? Can we test whether it happened? Is it there? Is it something that I can personally experience?\u201d Dr. Wright said.<\/p>\n

Bitcoin is driven by proof-of-work, which means that nodes are spending their money and putting things at risk to do a job, according to Dr. Wright. Proof-of-work is a signal to other nodes.<\/p>\n

\u201cI\u2019ve spent a shitload of money, therefore I am not going to cheat. Why? Because as a miner, I\u2019ve just invested $500 million in all these data center facility contracts,\u201d Dr. Wright said.<\/p>\n

He also points out how easy it is to find major miners, as it does not take much effort to locate their expensive hardware equipment around the world. Proof-of-work means nodes are not anonymous in Bitcoin.<\/p>\n

\u201cIt\u2019s about time\u201d is the slogan of the CoinGeek conference in New York. It really is about time\u2014especially this time<\/em>. It is about time the world acknowledges who Satoshi Nakamoto is and what it means for Bitcoin.<\/p>\n

Read Dr. Wright\u2019s article \u201cThe wheel of time is not on an axis\u201d on his personal website:<\/p>\n

\u201cThe failure in understanding change lies in believing that the wheel of time is on a stationary axle. We move forward as the wheel does,\u201d Dr. Wright wrote.\u00a0<\/p>\n

Pay close attention to Dr. Wright\u2019s personal journey and background, with all its setbacks and accomplishments.<\/p>\n

\u201cAs all of you are going to start finding out as I go to court\u2014I own my history. I am no longer embarrassed about any of it. It is all going to come out,\u201d Dr. Wright closed his keynote speech.<\/p>\n

Watch CoinGeek New York 2021 Day 1 here:<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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