In today's AMA , we have a very special guest - Dr. Craig Wright, also known as Satoshi Nakamoto, the creator of Bitcoin and the blockchain technology that powers it. In this fascinating interview, we dive deep into Dr. Wright's background, childhood, and upbringing. We also discuss the origins of blockchain, the transparency of Bitcoin, and the potential future uses of this revolutionary technology. So, let's jump right in!
Childhood and Upbringing
Dr. Wright opens up about his childhood and upbringing. Raised by a single parent in Brisbane, Australia, he shares his journey from attending various schools to finishing high school at Padua, a Catholic college in Hedren, Queensland. Dr. Wright also reveals that he has been working since a young age, admitting to being a bit naughty and not disclosing his age at the time.
Early Academic Achievements
We learn that Dr. Wright was always academically gifted. He participated in math competitions and was involved in various clubs like the computer club, chess club, and debate club. He discusses his memory abilities, distinguishing between photographic and didactic memory. Dr. Wright's unique ability to retain knowledge in certain areas has been instrumental in his research and academic pursuits.
The Origins of Blockchain
Dr. Wright takes us back to the origins of his idea to build a blockchain. He explains that the original concept was to create micropayments and a better version of the commercial internet. He started working on these ideas in 1996 when there was no advertising as the foundation for the web. Unfortunately, the advertising industry won, resulting in the current state of the internet.
The Importance of Transparency in Bitcoin
One of the key aspects of Bitcoin that Dr. Wright emphasizes is its transparency. He criticizes the actions of cypherpunks, comparing them to Trotsky. He discusses the transparency and differences of the cypherpunks, noting that they tend to claim credit for inventions they did not create. Dr. Wright also sheds light on the fact that Bitcoin is not actually the first cryptocurrency and highlights the importance of traceability rather than anonymity.
The Future of Blockchain
Dr. Wright envisions a future where blockchain technology is used as an indexing and ordering system for the internet. He discusses the potential for complete traceability in trade transactions and transfers, providing privacy through the ability to obscure information. Dr. Wright believes that blockchain can revolutionize industries such as logistics and trade, particularly in developing countries where trust is a major challenge.
Identity Verification and Building Trust
The conversation takes an interesting turn as Dr. Wright discusses the importance of identity verification and the ability to timestamp everything immutably. He emphasizes the need for individuals to own their own identity and the potential for blockchain to change the way identity works. Dr. Wright also mentions working on redactable signature schemes to redact certain areas of documents while still proving their authenticity.
Taxes, Education, and Personal Interests
Towards the end of the interview, Dr. Wright touches on the topics of taxes, education, and personal interests. He expresses his belief in paying taxes and being a responsible member of the community. Dr. Wright also shares his passion for Greco-Roman history and his love for exploring historical sites. He even reveals his interest in cooking and attending courses with Michelin-starred chefs.
Conclusion
It was truly an honor to have Dr. Craig Wright, the man behind Bitcoin and blockchain technology, on our channel. We delved into his background, explored the origins of blockchain, and discussed the potential future uses of this groundbreaking technology. The conversation was enlightening and thought-provoking, leaving us with a deeper understanding of the power and possibilities of blockchain. Thank you for joining us on this journey!
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Watch the full interview here https://www.youtube.com/live/zNn51EmYFMs
