Craig Wright CC Forum duel ends in shouting and pumpkins

The CC Forum on blockchain, AI and digital innovations, with its many panels and duels of differently opinionated experts, was bound to have some fireworks. The duel between Dr. Craig Wright, inventor of Bitcoin, and Mike Beaver, macro economist and global growth investor, paid off with many explosive moments and testy exchanges.

Hosted by Eric Van Der Kleij, CEO of the Frontier Network, the duel titled “Bitcoin does not have any real value, or does it?” started off with an explanation from Beaver that he is not a cyberforensic auditor, as Dr. Wright once was, but a chartered financial analyst, “looking at this from a financial, economic and strategy, and bigger picture perspectives.” He only promised to argue based on a valuation of Bitcoin, and not any technical perspectives.

Beaver began by knocking down several perspectives that would lend value to Bitcoin. It’s not backed by an asset and it has no value. Van Der Kleij asked if you could assess a value from user confidence, to which Wright immediately replied no, and Beaver said it would be very hard to prove one. So finally, Beaver said the best bet is to look at the business angle, technology angle and regulatory angle, to which Wright said, “He’s fine.”

Wright then redefined the argument, noting that the commonly accepted concept of Bitcoin is flawed. It can be seized, he noted, and he created Bitcoin to create “honest records”. Ultimately, it will create a system of microtransaction rewards that will improve the services we use.

Van Der Kleij, seemingly stepping into the duel himself, after he said: “But Craig, that’s more about the utility of Bitcoin rather than the value.”

Craig responded: “That is what it is. That is value, utility. Tell me if I’m wrong, utility is value. Goods and services, things people want to use, is value. Money is not value. Money is not wealth. You have been lied to. There is no great wealth creation because of new shitcoins. Money is not wealth. Goods and services are wealth.”

At that point, the differing views of what value means in the world of Bitcoin really became apparent, as the duel broke down. While Beaver wanted to focus on the value of Bitcoin, and price of it, Wright preferred to talk about why exchanges like Binance, because of their alleged money laundering practices, are no threat to Bitcoin due to the increasing regulations in the world. He also returned to why micropayments make Bitcoin valuable.

That wasn’t the topic Beaver wanted to discuss though, as he kept returning to the risks to the price of Bitcoin. When again pressed on the topic, Dr. Wright noted that he himself was a risk, due to his massive holdings in Bitcoin. Finally, Wright tried to put a nail in the topic:

I don’t care. That simple. I’ve got a great company, with a great team, we’re expanding, we’re setting up new offices. Investment wise, I don’t need to do anything. People throw money at us if we want it. We’re not actually taking any and they keep offering it. People want us to do an IPO at nChain. Why? Because we have fucking patents.

It was at that point that the crowd started getting into it, as Petur Georgesson, managing partner at Capital Sniper Investments, asked how much the price of BTC might decline by this time in 2020. After commenting that he didn’t care, because he’s more focused on building things, he offered that 90% of the price of BTC might fade away.

At that point, the split between BTC and BSV became the topic, as Mike Beaver wanted to continue discussing the risks to BTC from other cryptocurrencies, insisting that was the topic, while Dr. Wright pointed out that Bitcoin is Bitcoin SV (BSV). But to answer the core question, he responded that BSV is protected from the competition by his armor of patents.

That confused Beaver, who then bemoaned:

So Craig wants us to talk about this whole topic of debate, the value of BSV. We were talking about the value of BTC, now we’re talking about the value of BSV, well why not the other 3000 coins. There’s a lot of interesting and talented developers there, sooner or later, we know one thing with technology, it only ever, in the long term, improves.

Wright then expanded on how the patents he’s been working on will keep BSV at the top of the pile, noting that any other crypto hoping to use the technology he’s built will have to pay for the right to do so, while BSV will be subsidized.

The debate continued in the manner for a few more minutes, with Beaver focusing on the competition raised by competitors to BSV and Wright repeatedly slapping them down with patents that already protect them from serious harm.

Seeking to change the tone, Van Der Kleij opened it up to the crowd to ask questions. Sir Toshi, noted BSV enthusiast, asked Beaver about LTC, which Beaver entirely ignored to return to his line of questioning and instead asked about how regulations might threaten various cryptocurrencies. While Beaver perceived this as a threat to the industry, Wright noted that he welcomes regulation to squash cryptos that don’t follow the law.

Wright was then asked by a member of the crowd why he didn’t patent Bitcoin when he first invented it. Wright responded that, in 2008, he didn’t believe it was possible to patent the technology. Also, he published it under the pseudonym Satoshi Nakamoto, and thought he couldn’t patent Bitcoin if he used an alias.

When asked if his patent library could prevent future innovation, Wright responded that it’s proven that by patenting technology, you not only protect it from copy cats, but you encourage others to recreate a piece of technology with the same purpose but by a different method, thus spurring innovation.

Beaver then disputed Wright’s point that patents would protect Bitcoin from competitors going forward, noting that patents expire and would eventually allow for someone else to create a better version of the technology. The discussion didn’t go very far though, as it was interrupted by none other than Tone Vays.

It was at this point that the duel produced the moments it will forever be remembered by. Tone Vays, recalling the moment in the previous fireside chat where Wright suggested that his university papers prove he was Satoshi, or was plagiarized by Satoshi, Vays preferred to go with the latter suggestion, and suggested that the crowd should not consider Wright relevant to the topic of Bitcoin as a result, suggesting Craig Wright is a fraud.

Wright responded:

It doesn’t matter what your vacuous ideas are. It doesn’t matter whether you like my patents. It doesn’t matter whether you like nChain. In five years’ time, when we have another 1000 patents granted, and we have IBM, and we have Microsoft, and we have Apple, and we have Google, and we have all these companies paying us money, you can choose not to have anything to do with me. The same way you can chose not to have anything to do with the internet.

That was too much for one woman in the crowd, who yelled out: “That’s exactly what you want. You are a mole, trying to crash Bitcoin. Farmer Craig. Pumpkin man Craig. Go back to your farm, your pumpkins and your tomatoes and grow a superfarm.”

That’s when the duel totally fell apart. Wright responded that she’d just have to live with his invention. Tone Vays, still holding the microphone in the crowd, suggested Wright would be in jail in the next couple of years, Georgesson yelled from the other side of the crowd that he really wanted to hear a discussion on valuation still, and Beaver begged to make a final point about traceability.

As the duel finally reached a new semblance of decorum, Beaver commented that if blockchain technology truly guarantees traceability for every transaction, there is no value created by a notion of anonymity, ruining a selling point of BTC adherents. Wright flat out agreed.

Van Der Kleij noted that time had ran out on the duel and sought to bring an end to it. It didn’t end easily though, as the woman in the crowd once again began yelling at Wright, who responded to her as Beaver begged to make a final point about the declining value of an asset through use and surplus.

Craig Wright on nChain patents, pumpkin farming disaster at CC Forum

Dr. Craig Wright is no stranger to fireside chats, having previously sat down with Bitcoin Association Founding President Jimmy Nguyen to discuss the history of Bitcoin’s creation. To discuss the larger world of cryptocurrency, he recently sat down with the CEO of the Frontier Network, Eric Van Der Kleij, at the CC Forum on Blockchain, AI and Digital Innovation.

Van Der Kleij was quick to point out that the CC Forum wasn’t afraid about hearing Dr. Wright’s side of the truth, and asked what nChain has been up to. After covering how he came to nChain from his Bitcoin exile, Wright noted that nChain has been very busy patenting his innovations, with 826 currently filed, 1450 in the pipline, and approximately 200 granted or about to be.

When asked what Dr. Wright wants to do with these patents, he responded “Choose how the industry moves.” Van Der Kleij wondered if this might prevent others from using the innovations, to which Wright noted “They can do what they want, as long as they pay licensing fees.”

Once again pressed if this might prevent others from innovating on blockchain technology, Wright quipped “Do I care?” Once Van Der Kleij accepted that answer, Wright explained:
Stifle creativity? What creativity? We have STOs running around saying that they’re new because they’re a token. So what? Wealth isn’t money. Wealth is the creation of goods, services, assets, capital. Because you’ve created a token, so what? That just makes you another scammy loser. If you create a token, and you don’t have a business, you don’t have anything. You’ve got Tone Vays over there, that’s it. Empty, vacuous.”

Changing topic, Van Der Kleij then tried to turn the discussion to Dr. Wright’s ongoing legal battle in Florida, but Wright refused, noting that reporting and crypto twitter speculation has been far off base. “I’ve used toilet paper with more accuracy.”

Van Der Kleij then turned to Bitcoin’s intent to follow the law from the start, which Wright explained:

It’s intended to work in the law. The last sentence says ‘will follow rules.’ Rules include law. The difference between a rule and law is, law is a rule with a consequence. It is a subset of the word. And miners don’t create rules, they enforce rules. I keep stressing this, I’m going to start buying copies of the Oxford and Cambridge dictionary for people so that they can actually read the whitepaper and understand what these words mean.

On that note, he was asked about John McAfee’s new decentralized exchange, which lacks know your customer (KYC) protocols and opens it up to terrorist financing. “And Mr. McAfee, like everyone else, will eventually get caught,” Wright responded. “Blockchain is an immutable evidence trail. It is utterly traceable. It is the opposite of what everyone’s been running around. It is private, but not anonymous. Those records are admissible.”

On that note, Van Der Kleij noted that while he might not have total belief in Dr. Wright’s identity as Satoshi, he agrees with him on so much, but he wants to have more proof of his claims. “You don’t prove anything by moving a coin,” Wright responded. “The university still has my thesis from 2008. They still have my proposal. So I guess on that one alone, you can make the decision when it comes out, which it will.”

That led to a comment which would later prove to be explosive. “You can make the decision: did Satoshi plagiarize me? Because there are sections of the whitepaper, whole paragraphs, in some of my work.” Van Der Kleij was first baffled by the comment, and Tone Vays would later question if Wright was admitting to not be Satoshi, although the intent of the comment is clearly that Dr. Craig Wright is Satoshi, if not for another leap in logic to reach a different conclusion. “You can make the choice, I don’t really care,” Wright concluded.

Ultimately, when asked if Wright cares if his integrity is called into question, he responded that he really doesn’t. As nChain has already cornered the market on blockchain patents, big businesses like Wal-Mart will ultimately be forced to come to Dr. Wright for the technology they need. Van Der Kleij suggested that the world might be more accepting of Dr. Wright if he would prove his integrity. Wright railed back:

“So what you’re saying is, ‘you don’t do my way, that’s not integrity. We want this. We demand you do this. We want Bitcoin to be this way. [Van Der Keij interrupts ‘No, suggest’]. No, demand. It’s demand. You want me to be what you want me to be. So therefore…”

Concluding the discussion of Bitcoin and Dr. Wright’s history, Van Der Keij finally worried that Dr. Wright might be forcing his way on the world of blockchain. “It’s my invention, invent something else,” Wright retorted, rousing applause from a section of the crowd.

What came next might be the part that has received the most attention from the fireside chat, as Van Der Keij tried to lighten the mood by asking about Dr. Wright’s gardening habits, asking him about his tomato garden. “I actually used to have bonsai trees as well, and they’re all dead now,” he started. “I had some really good old bonsai trees, and bloody nChain and all the travel I have to do, every single one of them is dead. My tomatoes, they keep bursting and things like that, because I’m not there to do things. And the gardener sucks, because the last time, he actually mowed by pumpkins.”

“That’s probably not advisable,” Van Der Keij concluded.

Craig Wright’s week at CC Forum, Angelina Lazar and Pumpkin mania

Dr. Craig Wright attended the CC Forum on blockchain, AI and digital innovations between October 14 and 16, speaking on panels and dueling other panelists. It was a big event if you enjoy differing point of views debating the hot technological topics of our time, and one we’d like to take a look back on, with special attention to the viral moment of the week—Dr. Wright’s pumpkin farming.

Finding common ground with a crypto skeptic

The first item on the agenda to feature Dr. Wright, the inventor of Bitcoin, was the panel named “The Global Centralised Financial System: What are the flaws & challenges and what are the possible solutions?” This panel featured top speakers from every corner of the digital asset world. Dr. Craig Wright spoke for Bitcoin SV (BSV), Tone Vays argued exclusively for BTC, Bobby Lee and Brock Pierce were on the side of cryptocurrency in general, while Nouriel Roubini was the crypto skeptic.

Compared to other events on the agenda, this panel went fairly well. Wright and Vays clashed lightly on BTC’s development strategy and the real Bitcoin and Nouriel criticized shitcoins, finding a lot of common ground with Wright while irritating Lee.

Explaining nChain’s patent strategy

Wright’s next turn at the conference came during a fireside chat with CEO of the Frontier Network, Eric Van Der Kleij. The two covered a wide range of topics, but spending a lot of time discussing nChain’s strategy of patenting Dr. Wright’s Bitcoin innovations, regulation in the crypto industry, and the perception of Wright in the wider cryptocurrency world.

Particularly when Wright’s integrity came into question, the chat got slightly antagonistic. Van Der Kleij chose to end on a question of Dr. Wright’s farming habits; a topic that would come up in the next item on the conference agenda. Wright responded:

My tomatoes, they keep bursting and things like that, because I’m not there to do things. And the gardener sucks, because the last time, he actually mowed by pumpkins.

A duel on Bitcoin’s value

As that event ended, Van Der Kleij immediately invited Mike Beaver on stage for a duel with Dr. Craig Wright on “Bitcoin does not have any real value, or does it?” The two immediately proved to have problems seeing eye to eye, not finding common ground on the definition of what real value is, what the real Bitcoin is, and how much nChain’s patents will protect BSV from future threats. Wright bristled at that notion, saying:

I don’t care. That simple. I’ve got a great company, with a great team, we’re expanding, we’re setting up new offices. Investment wise, I don’t need to do anything. People throw money at us if we want it. We’re not actually taking any and they keep offering it. People want us to do an IPO at nChain. Why? Because we have fucking patents.

The debate totally unraveled when the audience was invited to question the duelists, as Angelina Lazar lost her composure after Wright suggested BTC would be doomed to fail.

Who is Angelina Lazar?

Most coverage of Angelina Lazar you can find online refers to a past of running a Ponzi scheme through the Charismatic Exchange company between 2005 and 2007, which took minimum deposits of $20,000 and promised 20% returns. She pleaded guilty to running a fraudulent investment scheme and was deported to her home country of Canada for her trouble.

More recently, she was a promoter of OneCoin for a period of time, calling it “the single most lucrative business and investment opportunity of a lifetime and in all history.” At some point, that opinion changed and she turned against the outfit, accusing them of being a scam and attempting to have her arrested for speaking out.

She now appears to be firmly in the camp of BTC, writing on Twitter “PEOPLE OF THE WORLD: BITCOIN TO THE END OF TIME! They’re tryin’ to CRASH & REPLACE IT with THEIR ONE WORLD CURRENCY! ARE SO THREATNED [sic] BY BTC!”

Since gaining viral fame, she hasn’t been shy to spar with BSV supporters, often going into capslock rants about rabbit-hole conspiracy theories, “ROGUE FBI agents,” and pointing out Satan’s work where she sees it.

This appears to be just a passing moment for her though, as once she’s free of the deep state and globalist conspiracy’s clutches, she plans to continue her crusade against OneCoin.

Pumpkin Mania

As fascinating as Angelina Lazar is, her lasting legacy from the CC Forum will likely be for inspiring the current pumpkin fascination in the BSV community.

Her message to Dr. Wright to go back to his pumpkins has been fully embraced by everyone in the BSV industry, with everyone giving their best effort to get in on the fun.

Some prefer to go right at the woman who inspired the moment:

Others have tried their hand at photoshopping:

It wouldn’t be a viral moment without a great gif:

And demonstrating he’s not above having some fun with the moment, Dr. Wright has joined in too.

If you want to see some of the best memes of the moment, check out Bitcoin Association Founding President Jimmy Nguyen’s Twitter thread on the topic. If you want to relive Dr. Craig Wright’s week at the CC Forum, check out our YouTube playlist.

Craig Wright joins ‘global centralized financial system’ panel at CC Forum

Dr. Craig S. Wright has joined the panel that will be discussing the global centralized financial system, its flaws, challenges and possible solutions at the upcoming CC Forum London Investment in Blockchain and AI conference. Dr. Wright joins other distinguished members of the panel who will discuss the way ahead for the financial system.

Other members of the panel will include Dr. Nouriel Roubini, an American economist popularly known as Dr. Doom. Roubini is well-known in the crypto community, mostly for his unceasing attacks on crypto which according to him are a pump and dump scheme. A lecturer at New York University’s Stern School of Business, Roubini made a name for himself as one of the very few economists who predicted the 2008 U.S housing bubble crash.

Other panelists will include Brock Pierce, a crypto entrepreneur who has been involved in numerous crypto projects. Pierce was one of the founders of Block.one, the company behind the EOS.IO software that the EOS blockchain is built on. He is also a co-founder of the EOS Alliance, Blockchain Capital, Tether and Mastercoin. As CoinGeek reported earlier this year, Pierce became the recipient of the first-ever crypto-backed mortgage.

Dr. Wright will also be joined on stage by Tone Vays, a crypto content creator known for his YouTube videos. The former VP at JP Morgan Chase has been educating the masses on crypto since 2013.

Bobby Lee will also join the panel. Lee founded BTCC in 2011 and acted as its CEO. BTCC was China’s first crypto exchange and for a number of years, one of the largest in the world. He is also a member of the board of directors at the Bitcoin Foundation and the founder of Ballet, a crypto hardware wallet.

CC Forum will also attract some key speakers from politicians and regulators, to leaders in the tech and business world. Members of the British Parliament including Lord Holmes, Lord Smith and Lord Waverly will address such issues as cryptocurrency regulation and how the government can create an enabling environment for the industry.

From the tech world, global leaders such as Huawei’s CTO Jorge Sebastiao; Fernando Martinho, the co-founder of blockchain cybersecurity firm Naoris and renowned doctor of artificial intelligence Fatmah Baothman will also be in attendance.

The financial industry will be well represented as well by titans such as Tim Draper, Guenther Dobrauz-Saldapenna, a partner at PwC Zurich; Steve Kelso, an executive at Galaxy Digital; Kenji Manno, the founder of Fusion Bank and more.

Dr. Wright will get to discuss the choking centralization of the financial system, an issue that’s dear to him. Having invented Bitcoin a decade ago to decentralize finance through peer-to-peer payments, Dr. Wright has been at the forefront in advocating for decentralization. The event will give him yet another opportunity to interact with leaders from several sectors and regions and spread the gospel of Bitcoin.

At the recently-held CoinGeek Seoul Conference, Dr. Wright revealed that he believes that using Bitcoin and blockchain technology, we can build a world where people works together as peers in building applications that incentivize crime to die. The only way to do this is through having more peer-to-peer interactions across the world and building on Bitcoin.

The CC Forum conference will be held on 14-16 October at the Queen Elizabeth II Conference Center in London. The event will focus on the impact that blockchain technology and AI are having in modern times and how to best enhance it. Grab your ticket now and secure a front row seat to listen to Satoshi Nakamoto as he shares his wisdom with the world.