Hard forks in the cryptocurrency world have become a common phenomenon, with the most famous ones being the Bitcoin [BTC] – Bitcoin Cash [BCH] hard fork and the Bitcoin Cash split which gave birth to Bitcoin ABC and Bitcoin SV [BSV]. Craig Wright, the Chief Scientist at nChain and the self-proclaimed Satoshi Nakamoto, has been one of BSV’s prominent proponents.

In a recent podcast with Sal Mayweather, Wright spoke about setting Bitcoin as a standard for transactions, as well as the effect it can have on central banks across the world if cryptocurrencies went mainstream. One of the first things that nChain’s Chief Scientist touched upon was the suspension of his Twitter account, commenting,

“It doesn’t really matter that my account got suspended. No one is going to do anything about it anyway.”

Wright stated that he started on the concept of Bitcoin back in the 90s, claiming that it “was nothing like the sh*#show that Bitcoin is right now.” He commented on how being in the cryptoverse was a learning curve, suggesting that there are parallel use cases of cryptocurrencies. Wright also spoke about how not paying dividends didn’t make something a security, citing the examples of Google and Facebook.

According to the Bitcoin SV proponent, Bitcoin is not going to curb banking or stop banks from operating at their optimal potential. He said,

“Bitcoin doesn’t stop banks or even banking. What it does is create an immutable evidence trail that will enable us in stopping corruption. It also forces people to have a single set of books and in turn reduce the fraudulent activities in the ecosystem.”

Craig Wright also commented on how BSV is like gold as it is neutral and because different people can have different opinions on it. He conceded that there is the risk of fraud in the system. However, BSV will reduce its magnitude, Wright claimed. In his words,

“The idea is to make a single ledger but let’s be honest, there will still be Nigerian prince scams.”

The post Bitcoin [BTC] does not stop banks or even banking, says nChain’s Craig Wright appeared first on AMBCrypto.

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