Episode 002: Craig Wright Defeated: COPA Wins, BCH Emerges Victorious in the Battle Against CBDCs
Episode from The Aaron Day Show: Episode 002: Craig Wright Defeated: COPA Wins, BCH Emerges Victorious in the Battle Against CBDCs
Episode Transcript
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Hello? Testing, testing, testing, testing. All right, you should be able to hear me. Okay, you can hear me, everything all right? Okay.
Well, that seems odd. Bear with me one second. Testing, testing. I'm showing that it's happening here.
Can anybody hear me? Can you hear me now? All right, everybody. Welcome to the Aaron Day Show. It is March the 14th. This is a special episode. Normally when I do these, I have guests that are part of the program. uh but today is a bit of a special situation because we have some very significant developments going on in crypto with respect to the copa versus craig wright decision so the title of tonight is uh craig wright defeated copa wins bch bitcoin cash emerges victorious in the
battle against cbdc's um what I'm going to do today And, you know, I apologize in advance. This is only the second show. So my wife and I are here kind of working through all the issues, trying to get all of the logistics down with respect to how to handle the live streaming. We're streaming this on, I think, six or seven different platforms right now. But before I get into tonight's topic, I actually want to do a little bit of an overview about what this podcast is about. Last week, I had Kurt Walker Jr. on. And Kurt is somebody who's he's a chief Bitcoin historian at CoinGeek, which which is affiliated with and as part of the BSV blockchain,
which, you know, unfortunately for Kurt and those folks, we're on the losing side of of the lawsuit. But before we get into that, I want to talk about why I'm doing all of this. So the entire purpose for this show is to focus on the imminent threat of central bank digital currencies, which I think actually is the single biggest threat to human freedom. We are very close to having this form of digital cash, which can be programmed, censored, and monitored by the government. I think this is something that could be implemented in the United States as soon as before 2024 election and you know
I'll explain why I think all of this um in a minute I've I've been a liberty activist for um for 20 years I'm a serial entrepreneur and liberty activist and I got involved with bitcoin for the first time in 2012 and after kind of realizing the fruitlessness of politics decided to exit politics completely and just focus my time and attention on cryptocurrency um since 2019 I have been living completely off of crypto gold and silver and have sworn off fiat currency completely we went through covid tyranny in 2020 which
you know I wanted to understand the roots of that but then some other things started happening during this covid period The person who introduced me to Bitcoin, a guy named Ian Freeman, is now in federal prison for eight years for the crime of selling people Bitcoin voluntarily. I have other friends who have had their businesses shut down. For instance, the CEO of library.com, who's another a fellow free stater here in New Hampshire, was targeted by the SEC and his business was shut down. And he was specifically targeted because he offered a free speech platform. All of the exchanges are in some way, shape or form under
significant legal pressure, including Coinbase. And the crackdowns are continuing on a day to day basis. And I wanted to look at, well, what's the cause of COVID tyranny? And how does that relate to what's going on with the crackdown on crypto? And it turns out there's a common theme. And that common theme is there is a big movement towards creating a one world global technocracy where essentially you have the elite picking scientists and engineers to make decisions for all of us on a top down basis. you can imagine this in the And I mean, form of social credit scores where you are rewarded and punished. for following or not following behavior as
determined by the state. And this is something that's already been implemented in China. But if you track the history of this, this is something that essentially, this is the end game for the UN Agenda 2030 and the sustainable development goals. And the cornerstone for this dystopian nightmare are central bank digital currencies, because once they can control your money, then they can control your behavior. having lived off of crypto since 2019, I started looking at, well, what's going on with CBDCs? Why are they cracking down on the private crypto? And what I found was that CBDCs are much further evolved than anybody thinks. In 2020,
there were 30 countries pursuing cryptocurrency, basically at just the research phase. And I'm actually just pulling up my screen here. Now, fast forward to 2024, there are 130 countries at various points in the process for looking at researching or implementing central bank digital currencies. In fact, there are 11 countries that have already launched CBDCs. China is the largest of those countries. And today there are 1.3 billion CBDC accounts globally, which is more than twice the number of cryptocurrency accounts.
This is problematic because you got into Bitcoin if you're like me, because of what was described in the white paper and the original messaging behind the first transaction. It was about central banks. the failure of central banks and the idea of having sound money that is separated from the state. Well, unfortunately what's happened, and this is largely due to a lot of infighting, what started out as an advantage, which started out as the potential to offer a replacement for broken government backed currency, it's turned into the catalyst for central bank digital currencies. And now central bank digital currencies have leapfrogged crypto. And we are at a point where
if we don't find unity now and push to get people using, acquiring and using cryptocurrency as cash in a parallel economy, we may be less than a year away from basically losing it all. And so we'll go from Fiat to something much worse than Fiat. And this became such an issue for me. I actually ran for president of the United States. You probably aren't aware of that. It tells you how much traction I got doing this, but My main reason for running wasn't that I thought I could win or change policy. I actually wanted to get on the debate stage so I could make people aware of central bank digital currencies. I traveled to 20 states last year,
and I would say 80% of the population has never even heard of a central bank digital currency. So we have our work cut out for us. And more alarming still is how close we are to having these implemented in the United States. President Biden passed on March the 9th of 2022 Executive Order 14067. And this executive order does two things. It authorizes the exploration of a central bank digital currency. And it also provides for a whole of government approach to cracking down and regulating decentralized cryptocurrency. And they have been doing that. with full steam ahead. So in the process of running
for president and what I have up here now, I'm now a fellow at the Brownstone Institute. And which if you're not familiar with the Brownstone Institute, I highly suggest you check them out. The Brownstone Institute has really been the oasis for dissidents, for people who spoke out and told the truth during COVID tyranny, people who spoke out against the vaccines, against the mandates, against the censorship. Basically, Brownstone was it. There are other libertarian think tanks and organizations that We would have expected to take the charge during this time, and they didn't. So Jeffrey Tucker has put something together at the Brownstone Institute that's phenomenal.
it's really ground zero against tyranny. And to me, And so I'm actually honored to be involved with the Brownstone Institute as a fellow, which is now where I am continuing to take this charge full time. I've written my book, The Final Countdown, which you can get on Amazon in an audiobook format, which basically describes in detail the threat of central bank digital currencies. But it's not just about fear porn. The last half of the book gives explicit information about how people can move into gold, silver and crypto. And I am now, if you go to day2024.com, which I'm pulling up right now, this is where you can find
my book as well as other information about talks and other podcasts and interviews I've done on this topic. But you can also sign up for workshops. So I'm going across the country doing four-hour workshops that go through the content of my book but at the end of the workshop everybody actually walks away with a crypto wallet in their possession with self-custody crypto they walk away with a gold back and they walk away with some silver because I want to empower people to actually be able to do something about what's going on and to actually start working in a parallel economy um at and get out of the the fiat trap before we all get stuck in with central bank digital currency so that's
that's a little bit of the of the background and I can here I have a picture with go through this you can see vivek I gave vivek a copy of my book in june he read it he and I had a couple of conversations about it and it actually believe was one of the reasons that he pushed Trump to come out against CBDCs and which is a mixed blessing because, you know, from my perspective, having been close to politics for 30 years, I don't trust any political promises. And because we know President Biden already has an executive order out there and which I'll get into in a second, the technology already exists. I don't think we have enough time. We might not have until the election.
So I don't want people to sit and around thinking that being complacent and thinking, well, gee, if we change the election, this is going to be stopped because this is much closer than, than even I thought I actually, you know, was, I couldn't get the book done fast enough. Once I realized that, The United States has actually completed three CBDC pilots, all actually through the MIT Multimedia Lab, which was headed at the time by a guy named Joy Ito, who there's a Zero Hedge article that I wrote about this, took funding from Jeffrey Epstein. And he actually took funding from Jeffrey Epstein both for... both for MIT Multimedia Lab
and their projects related to CBDCs. And Ito was also involved in funding the Bitcoin BTC developers who implemented a change in Bitcoin that changed Bitcoin in 2017 from being digital cash that you could use as a replacement for the dollar to becoming digital gold, which is now what everybody is used to it being. people are buying through And it's the thing that their BlackRock ETFs and Fidelity ETFs. And so there is a very suspicious connection between the MIT Multimedia Lab, Jeffrey Epstein and others. And so the MIT Multimedia Lab worked on these three pilots. This one pilot project Hamilton is the retail CBDC.
So this is basically the replacement for the cash that we use in day-to-day transactions. That pilot was conducted between 2020 and 2022. And they completed the project. And at the end, they were able to do 1.7 million transactions per second. To put this in context, the current financial system, Visa and others, can do about 50,000 transactions per second. So they've already developed a CBDC that is much more powerful than the current financial system that we have in place. And what they said at the conclusion is, well, we basically figured out the tech, which I've actually talked to some developers that are working on this kind of on an ongoing basis. we just need to figure out
But they said, the marketing and the legality of this. Well, if you look at what's gone on in the last 20 years, typically what happens is we see gigantic pieces of legislation that strip us of our rights, strip us of our financial resources. And they're always implemented in an emergency that uses this magic formula of problem, reaction, solution. you either create a problem, manufacture one, or one actually just evolves. Let's take 9-11, for example, and you can make your decision as to the source of that. But in any event, 9-11 happened, and within 45 days of 9-11, we got the Patriot Act. In 2008, Lehman Brothers happened,
and 18 days later, we got the TARP Act. In 2020, Within 16 days of COVID being declared a pandemic, we got the $2.2 trillion CARES Act, and that was passed on a voice vote. So when I'm going around and I'm saying CBDCs are the biggest threat, what I'm saying and trying to warn people about is the technology has been developed. We're already under an executive order to pursue it. And We are one cyber attack or terrorist attack away from getting almost unanimous bipartisan support to push the CBDC. And the reason why is this. They're going to use the safety card.
They're going to use the fact that cash and crypto, they will say, are used for money laundering. They are used for terrorism. And that the only way we can stop that is to implement CBDCs. And then they're going to implement it. In 2023, last year in July, the Federal Reserve implemented something called FedNow, which is a new real time payment platform. And it itself is not a CBDC, but allows banks to basically communicate and send funds to one another nearly instantly. I mean, you may recall if you use a check, if you're actually cashing a check from somebody else's bank, it may take seven days, 10 days to clear. It even takes three days for payroll to be processed.
And if you do a wire transfer, that's not even necessarily same day. It might be same day, but those transactions are $30 to $40 each. Fed now allows the banks to do basically instantaneous transactions. payment processing, which is actually something that crypto had an advantage on for quite some time, but has now lost that advantage for banks that are participating in FedNow. And I believe FedNow could be used to roll this out. So I encourage you, all of this now, I'm not going to go through but I'm just trying to give you the background. Brownstone Institute site. There's an article on the You can actually search for articles by me. And this lays out basically what I'm talking
to you about today, which is why I'm doing this podcast, what this is all about. It's about I'm here to try to educate people and empower people to head off the threat of central bank digital currencies. And so, again, I encourage you to go to day 2024. I encourage you to get the book or attend the workshops. These podcasts are moving forward. intended to be resources that build on top of the book and that go in depth into topics that are covered in the book. I've been living off of crypto since 2019, As I mentioned, and it is a constantly evolving field. It's evolving not only because the technologies themselves are evolving,
but it's evolving because of a regulatory landscape. So it's something that people need to keep up on, and the podcast is for that. Excuse me. So, so with that, I'm going to jump now into tonight's topic, which is Craig Wright defeated, Copa wins, and BCH emerges victorious. Excuse me. And I believe you can, if you want to make comments, I, you know, this is kind of a live show in a way, this is, although I didn't give enough lead time, but if you want to put questions or whatever in the comments, happy to take a look at those and answer any
questions that you may have as this is going on. Yeah. So I want to talk about what's going on with Bitcoins. And there are a couple of different facets to this. Most people that are new to crypto only know of one form of Bitcoin, and that's the form of Bitcoin that you hear about on CNBC or that you can buy through your BlackRock or Fidelity ETF. but there is a really storied history to this.
And the creator of Bitcoin is a individual anonymous person named Satoshi Nakamoto, who wrote a white paper that describes what Bitcoin is all about. And at its heart is it's supposed to be a peer to peer digital cash system. It's intended to be something to be used by everyone everywhere. to do transactions without third parties, without banks, without governments in between to solve what I would say is the boom bust problem of nation states, which is the 100% failure rate of government backed currency. And so for a while, when I got involved with Bitcoin,
Bitcoin was really the only thing around. In 2012, everybody was talking about the future of Bitcoin. Some changes happened in 2017. the changes came about because of In fact, the popularity of Bitcoin. In 2017, there were major retailers like Expedia.com, Overstock.com, and others that would take Bitcoin directly through the site. You didn't have to go through an intermediary or an exchange. You could actually go through the checkout process and send your Bitcoin directly to the merchant. It became so popular that all of a sudden, the system can only handle so many transactions per second. The Bitcoin system operates at about seven transactions per second, in fact.
And that's not because it was designed only to do seven transactions per second. It was designed to scale, to be able to compete with Visa, to be able to compete with MasterCard. But the initial values of how many transactions could be handled in a second was set at a very low number. And there was kind of a civil war within the community about what the right approach should be now that there was all this traffic and people were buying things. What's the right approach for scaling? And one group wanted to stick with the original vision of the Bitcoin white paper. And part of the Bitcoin white paper even said that the core protocol was supposed to be set in stone and that you were supposed
to basically increase what's called the block size, which is basically how many transactions you can handle. per second. And another group said, well, no, we want to keep it small and we're going to keep it at this small one megabyte level. build another experimental And then we're going to layer on top where we're going to create this new technology and that's how we'll handle day-to-day transactions. But in the meantime, we're basically going to take something that's digital cash and turn it into digital gold, something that you really invest in and use as a store of value, not something that you use as a medium of exchange. And so Bitcoin Cash split off from Bitcoin and Bitcoin Cash
retained the original vision. And in fact, I'm going to play for you a video by Roger Ver, who's somebody that I know and like and respect. Roger really drove this whole initiative to split off Bitcoin Cash from Bitcoin. And in fact, Roger used to be known as Bitcoin Jesus because he really evangelized crypto. He would give Bitcoin away for free to people all over the place and encourage them to use it as cash. And and then he really kind of led the charge on this. And so I'm going to play a small clip that really describes this whole difference between BTC and Bitcoin cash.
So let me just bear with me one second. All right, here we go.
I'm happy to answer first. Go ahead. Yeah, sure. So basically, there was this thing called Bitcoin. And there was a website called bitcoin.org. And there was a white paper describing how it worked. And there was a whole bunch of information on that website describing how this could scale to be cash for the entire world. And people started to use it as cash. And they started to buy and sell things. And they were telling their friends and family and setting them up with wallets. And people all over the world started to use it as cash. And then a bunch of people who came to Bitcoin much later started using all sorts of censorship and literally deleting people's posts that were advocating
using Bitcoin in the same way that was described in the original Bitcoin white paper. They started mocking people who wanted to use Bitcoin to buy things like coffee. They started mocking people who wanted to use Bitcoin as described in the Bitcoin white paper. And they used censorship and propaganda to belittle those people. And then they basically diverted the entire Bitcoin project into something that wasn't usable as peer-to-peer cash as described in the very title of the white paper. And so of course people who came to Bitcoin and wanted it to be money for the entire world were upset by the fact that a bunch of people who came to Bitcoin later used censorship and propaganda to divert the
entire Bitcoin project into something that's not even remotely described in the bitcoin white paper or on the original bitcoin website and then they want to call their project bitcoin and then they want to make fun of the actual bitcoin that's described in the white paper by calling it names like bcash Of course people are gonna be angry when that happens. And of course people that appreciate economic freedom are gonna be upset because we've delayed the adoption of cryptocurrencies around the world by several years because of the censorship and propaganda and the diversion of the Bitcoin scaling roadmap. So that means more babies are dying in countries around the world because
they have less economic freedom. More people are starving to death because they have less economic freedom. People are literally dying because of this. I'm not exaggerating. This is a life and death matter around the world. And more people are dying because we haven't been able to bring more economic freedom to the world as quickly as we otherwise would have been. And people like to make jokes about how Bitcoin isn't for people that make less than $2 a day. Well, I have news for you. Bitcoin is for everybody. And Bitcoin is alive and well in the form of Bitcoin Cash. And the thing that's currently called Bitcoin Core, some science project that's for a bunch of people countries with a bunch of
living in first world money already and doesn't have the ability to help people that actually need the help the most. So that's why I'm mad about this. And that's why I'm passionate about this, because I want to see Bitcoin Cash be available for every single person on the planet, regardless of how much money they have or where they were born. What say you? So I hope you were able to hear that okay. That was... Hold on. Get back on here. That was Roger Ver, as I mentioned, who was not only the early advocate for Bitcoin,
but he's actually the first... first person to invest in a Bitcoin related company. And so he passionately, clearly believes in the importance of Bitcoin Cash and what it means. And you have to keep in mind, I think this was from 2017, 2018. At that point in time, we were looking at Bitcoin as being something to help empower people globally and also be something that could be used as defense against fiat and unfortunately now we're at the point where governments and central banks have caught on to bitcoin they understand what's going on with bitcoin and now there are 130 countries pursuing their own cbdc and the cbdc's that they're implementing are not like bitcoin
Bitcoin is something that has no third parties. It's permissionless. Anybody can use it. It can be used anywhere in the world, 24 hours a day, seven days a week. The central bank digital currencies that people are implementing are all top-down control systems that are permissioned and that give governments and central banks complete control over the transactions themselves and allow for censorship and and all of the rest. So now we're in an even more dangerous situation. So what turned out as possibly the savior to Fiat is now the catalyst for our destruction. Now the problem gets a little bit worse than that. So we had the first fork, we had Bitcoin that turned
into BTC and then Bitcoin cash BCH. And then shortly thereafter, There was another split. There was a split between Bitcoin Cash and what is now called Bitcoin SV or Bitcoin Satoshi's Vision. And a guy entered the public sphere talking about this stuff and came forward, a guy by the name of Craig Wright, who claimed to be Satoshi Nakamoto. And he is a very interesting, very colorful character, a very bright guy from Australia. who has something like 30 degrees, he has multiple PhDs and everything else. And he put forth that he really wanted to move
forward with the original protocol. The original idea behind Bitcoin is that you don't change the basic protocol and how it works. And so he put together quite a bit of show and tell, started filing a number of patents and really said he wanted to take Bitcoin Cash even to the next level. So Bitcoin Cash increased the size of their blocks. So rather than the seven transactions per second that BTC can do, BCH increased their limit and they could handle 126 transactions per second. Now I have a, I don't know how this is gonna show, but I'm going to share another screen, let's see how this works,
that shows what we're up against. So if you follow me on social media, you will see me constantly talking about the threat of CBDCs and the fact that we have to get to 50,000 transactions per second. And I want to explain why. Let me see if this is even going to work right. Here we go. Well, all right. I'll work on this technical difficulty for the technical issue for the next one. I'm just going to speak to what the issue is. So let's go back to the traditional financial system. The current transaction, the financial system today, Visa, MasterCard, banks, all the rest can do anywhere from, 50 to 100,000 transactions per second. let's say,
So that's what we need to be able to replace in order to be competitive with the fiat system. The United States CBDC pilot that was conducted, Project Hamilton, between the MIT Multimedia Lab and the Federal Reserve of Boston, can address 1.7 million transactions per second. So keep those numbers in mind. Say at least 50,000 is what we need to hit. The CBDC competitor offers 1.7 million. BTC offers seven transactions per second. BCH offers 126 transactions per second. I have a few other cryptos that are built off of the Bitcoin white paper.
So they're basically some form of Bitcoin, but they have different attributes and features. You have Ravencoin, which does 140 transactions per second. Litecoin, which does 54 transactions per second. And then you had BSV. So Craig Wright came in and said, I want to restore this to Satoshi's vision. I'm Satoshi. We are going to go all in on this. Really big blocks. Not, you know, we're going to have terabyte blocks eventually. And he got BSV up to about 50,000 transactions per second. Now, the one thing that I want to tell you about my experience with all of this, there are people in the crypto community that call themselves maxis, which that's usually BTC maxis or Bitcoin maxis,
but many people pick one coin in one project. So when you hear me talk about crypto, understand I'm a maximalist with respect to stopping CBDCs. I'm not here to pitch any specific project I'm here to find out whatever combination of coins and initiatives we need to do to be able to be competitive with the system so that we don't get traditional financial stuck with CBDC. That is my motivation. So I may highlight a particular coin here or there. but understand I'm not I'm not paid by any of these organizations I don't have any any financial stake in this my my stake is in preventing complete and
total digital tyranny I mean into that end as I said I've exited fiat I've you know sold my house I've downsized just because I'm acutely aware I may be wrong on this, but I could be wrong, but I am all in on it. I'm committed and I've actually put my money where my mouth is, my time and attention where that is. And so, you know, I know some people will get offended if you talk about one project or another. With that said, having lived off of crypto since 2019, I use BCH. more than the others I use a combination of these but I've used bch because it it it's available at more merchants that you can do more things with it with debit cards there's a bigger ecosystem but when I
saw bsv I was attracted to the 50 000 transactions per second I thought hey this this could be a really good option for us well then we had this fork war and then some other developments started to take place. This story gets complicated. And in the future, I may do a better job of kind of laying this out with, with visuals, but because of the timeliness, I wanted to explain it because I've, I've watched every bit of this trial that's just happened. And I followed this day in and day out and it's a fascinating thing, but it's because it's important to me. Um, We have to stop this. And this infighting has been devastating to our prospects as folks that want to use decentralized
cryptocurrency to bring freedom to the world, or if not, not only bring freedom, but actually now stop tyranny. So I followed this BSV project and Craig Wright starts asserting that he's Satoshi. And then he starts suing people. Um, and there's a really interesting sequence to this. And before I go into this, I'm going to say, I went through an experience myself in what? Yeah, my wife and I both went through this experience in kind of the 2015, 2016 time period. I met this guy, you can figure this out eventually, if you look at it online, I'm not necessarily going to name him here, but I've been a Liberty activist in New Hampshire. And, you know,
I'm very much anti-corruption. I'm a Edward Snowden fan. I'm a fan of Julian Assange. And in New Hampshire, I was very much interested in exposing corruption in New Hampshire because we have it at all levels of government. And so I was running for United States Senate as an independent in 2016, which I won't go into the details of that. But I was recruiting an entire ticket of independent candidates to run. I was picking, I was trying to find somebody to run for governor, both of our congressional seats in US Senate. And I found this guy who was one of the largest mortgage brokers in the United States. He was the winningest owner of Thoroughbred horse horses uh for for
racing and and he had these retail mortgage locations throughout the state of new hampshire and he had these huge electronic billboards huge signs and he put on these signs pictures of politicians and judges and just labeling all kinds of different corruption and he built this thing called the state of corruption and I thought wow this guy This guy's got balls. He's, you know, because it seems like going through the political process isn't working. So this guy seems like he's on to something. Long story short, I get involved. I end up getting involved as a co-defendant and $280 million worth of defamation litigation. It took me five and a half years. to resolve, I was actually charged with,
well, charged more criminal. It was a civil case, but it was a conspiracy to commit defamation case. And the way that works is, with a conspiracy, the reason people form corporations is to shield for liability. But if you are involved with someone and you don't have a corporation, then to the extent you're working together, the courts, at least in New Hampshire, don't apportion the blame based on your percentage of involvement. So even though I wasn't making the defamatory statements or sharing the defamatory statements, Had they been able to prove conspiracy, I would have been on the hook. And it turns out that for a long set of reasons, this guy lost, defaulted out of the cases.
And it's largely because he manufactured a lot of the claims. I would have been on the hook for $280 million. Now, I'm bringing this up because this guy is still doing this today. He lost $280 million for the lawsuits. And he's continued his story and expanded on his story. seven years later. So he still owes all that money, but yet he's expanded the conspiracy. So I started out thinking, well, this guy's trying to fight corruption. What's this all about? And what I found was that he owed money to the IRS. He took money from his mortgage business and put it in his horse racing business. And apparently the accounting wasn't accurate with respect to taxes.
And so he ended up owing a lot of money. He ended up owing like tens of millions of dollars or at least $10 million. which his business had been very successful but a couple of things happened all at once one he was banned from horse racing and there were allegations of doping and everything else and so that revenue stream started to shut off then we had the financial crisis in 2008 so his mortgage business shut down so now he didn't have the money to pay And he was potentially facing criminal liability. This wasn't just civil liability or taxes or penalties and interest. This was a criminal situation. So he decided to blame his lawyers.
And he sued his lawyers. He had, in fact, he sued a number of lawyers. At some point, I think he had the total was 83 lawyers over not just this case, but other cases. This guy is a serial litigant. And so he sued his lawyers for malpractice and he lost. But one of the things that he would do is he would have emails with his inside team that were discussions between himself and his lawyer that were to be sent to the opposition side. So he would have a letter that says, well, if you're negotiating with them, tell them I would take $50 million, but I'm not going to sign an NDA. And what he ended up doing was he lost the case. No one ever offered him $50 million, but he went public on his
billboards and on Facebook and everything else and said he was offered $50 million as a settlement offer. And he rejected it because he wanted to fight corruption and he wanted everybody exposed. And he started this state of corruption not to fight corruption, but to get people that were actual victims of corruption to come forward to see if he could get information that he could use as dirt and leverage to extract $50 million from his lawyers. It took me seven years to figure this out. I mean, it's a very, very complicated story, but the gist of it is, didn't pay taxes, business crashed, put up a front of corruption to hide his own issues, and along the way took no responsibility,
took innocent employees, lawyers, and turned them all into the bad guys, all into the scapegoats. Everything was a conspiracy. At no point was any of it his fault. Every document was forged. Every employee was a mole. And I mean, yeah, it's gotten to the point where it evolves today where he's now claiming the same information that he had in this lawsuit is being used by Mike Flynn. And somehow the president of the United States is involved. And I was involved in the cases as a co-defendant. So I know what the information is. I know that there's no truth to it. I bring this up because it turns out that understanding this is important to understanding what's going on in crypto.
It's important to understanding what's going on with BSV and the split from BCH. And I'm going to put this all in the category of this is my opinion. So knowing how the defamation stuff works, you have to be careful about this. So I'm not stating what I'm about to say now as absolute fact. I'm stating this as my opinion, but I will explain why there are parallels and what the information is behind this. So Craig Wright, comes out in like 2016 and says he's Satoshi. So prior to that, you know, 2008, 2009 is when when Bitcoin was released and he was nowhere in the public about this. The Satoshi remained anonymous. And when I've tracked all
this back and part of this has been me looking at the actual court documents in this case that's going on right now and then talking, there are multiple different lawsuits. So I've been looking at all of the different material. It looks to me like Craig stumbled into Bitcoin at some point. How early, I don't know. But he did something in Australia with the Australian tax office. So what he did was he formed an organization, a company whose purpose was going to be to do research on Bitcoin. And this was around 2013. And what he claimed was that he invested $30 million of Bitcoin into that company and then that company licensed from another one of craig's companies for 29 million
dollars his software and intellectual property to work on whatever this you know research project was related to bitcoin Well, it turns out, as you fast forward through this, no coins actually moved. He didn't actually send $30 million of Bitcoin from the first company into the new company. And he didn't send $29 million from that new company to his other company. No funds took place. They're basically screenshots of transactions, no transactions being made, but just accounting ledgers and accounting tricks back and forth. Well, he ended up getting... something like 12 million dollars of tax credit from excuse me he got 12 million
dollars in tax credits from the australian tax office eight million in the form of r d tax credits and then uh you know I see somebody he stumbled into bitcoin when he invented it well and then four million in sales tax credits So Craig was looking at not only financial liability, similar to the other situation that I was involved in, but this is also potentially a criminal situation. So he leaves Australia And he goes to England and this is about the time he's ready to come forward. And I'm going to skip through some of the details, but he ends up getting connected with this guy, Calvin Ayer. And again, these are all just my opinions, but you can look it up and
I'll share some of the information because this to me provides insight. There are a lot of people reeling about what's going on. And I think this provides one possible scenario. So then Craig decides that, well, Craig needs money. He owes money to the Australian tax office. He meets up with this guy, Calvin Air, who he convinces is Satoshi. And he actually borrows money from Calvin Air using a paper wallet as collateral. And if you're not familiar with a paper wallet, a paper wallet is just a wallet where it's not connected to a computer. but the funds are sent on the blockchain and you hold the public key and then you have the private key on a separate side. It's on a piece of paper,
so it's not actually on a computer anywhere. Well, that paper wallet held something like 80,000 Bitcoin, but that same wallet was associated with a major exchange hack called Mt. Gox. And so there's some dispute. Now the person that's claiming that this was from the Mt. Gox attack, this person doesn't have a lot of credibility either. So even if you assume that Craig had the paper wallet, this is where this gets even more odd. Fast forward a little bit later, And I promise I'll get to the point on this. You fast forward a little bit later and Craig claims he's hacked with a sophisticated, it's called a pineapple Wi-Fi attack. And without going into any of the details of the attack,
he claims he loses some of the coins, some of the coins that were on this paper wallet along with others. But the coins never moved. So the coins that are in this one FEEX paper wallet address have never moved. So if he was hacked, no one moved the coins. And he was claiming it was a technical hack. Yet there's documentation in his court cases that shows that he had the paper wallet in his possession next to his ID. This was part of an agreement to get a loan against this money. Now, so this is where this gets even worse. So what he decides to do... is sue the developers of BTC and BCH
to move the coins under the same thing that I described, the same reason I got sued for conspiracy to commit defamation because I was tangentially working with this guy. We didn't have a corporate entity or any insurance. And so we were both jointly liable, individually liable for the action. And so his claim was that these devs are responsible for the system, for BTC and BCH, and therefore, they owe him his coins. They should do whatever it takes to either make the changes to the network to have the coins restored or to provide him with compensation. So in essence, he sues these developers for what turns out to be today, I think something like $7 billion and even goes on
and does this rampage about how he's going to ruin their lives and restore integrity to the system. So again, if you're following my argument, He owed taxes, facing criminal liability, borrowed money using a paper wallet that was likely not his, that's associated with something else, then claimed that was hacked, even though it's a paper wallet, not something that would be on a computer. And then the coins didn't move. And then he sues personally the developers and then attaches onto that lawsuit the idea that, oh, by the way, I'm Satoshi Nakamoto. I own the rights to the Bitcoin database, which includes Bitcoin and Bitcoin Cash, and the copyright is mine, so on and so forth.
so finally he gets sued by a group called copa um and and when I say all of this understand most people pick sides I I'm not a fan of copa I you know I'm not a fan of a lot of the individual folks uh in involved in this but I'm just trying to describe who is on the side for the purpose of this And so COPA is an organization. It's the Crypto Open Patent Alliance, and it's made up of companies. It's Jack Dorsey and some of his blockchain companies, some of the major exchanges for a period of time. Meta was involved and they sued to basically say. listen we need to stop craig because craig is going out and he's suing people for defamation for calling him
a fraud and for saying he's not satoshi and he's ruining some of these people's lives and he's also suing these developers and so now if you are an open source developer and you've been building bitcoin and bitcoin cash and you have somebody that's coming after you I will tell you personally Being involved in $280 million worth of litigation for five and a half years, it destroys your life. It strains all of your relationships. It prevents your ability to move forward on business ventures. I have a great deal of empathy for all of the developers that were involved in that. And so he pursued this. And from my perspective, I took this approach of, well, He seems like he might be Satoshi though,
because he's restored this thing. It's doing 50,000 transactions per second. I put him in kind of this Ayn Rand, Howard Rourke camp. So I never defended his legal activities against these developers, but I still thought at some point at the end of the day that he was Satoshi. So for the last 22 days, I've been watching every day this lawsuit. Actually, they combined the lawsuits. It was the COPA versus Craig Wright and then Craig Wright versus the devs and they combine it into one lawsuit. It was phenomenal to watch a lot of potentially forged documents. I'd be careful with even how you describe this, but it seemed like there was new evidence being introduced and then you had
people forensically examining these documents. But at the end of the day, today was the final closing statements from both sides. I mean, the closing has been going on all week. And we expected the judge to hear all of that and then maybe take weeks to come up with what the final decision was. And it didn't take weeks. He actually hasn't written his full analysis and what the full ramifications are, but he came out today and said very clearly, and the evidence is overwhelming, that Craig is not Satoshi. Craig did not write the white paper. Craig did not do the early coding. Craig is not responsible for the initial formation of Satoshi.
So where that leaves us today is there are a lot of people celebrating and a few people that are kind of despondent about what all this means. And again, I'm going back to what am I talking about? I'm talking about how do we stop CBDCs? How do we get to 50,000 transactions per second? How do we stop the division that we've had within the crypto industry? space and focus on the fact that we all do have a common enemy although craig wright had actually been steering bsv down the path where he wanted to use bsv for central bank digital currencies which is something that also became problematic for me in this entire equation so when you take and I wish I had the slide up bsv out of the
equation you know we have btc with seven transactions per second raven coin 140 bch 126 we need to scale and um we need to scale immediately. So I'm excited that I was able to speak to some of the people in Bitcoin Cash today. And there's a proposal coming up that's going to be voted on. And, you know, okay, here's somebody that wants me to read the full text of the final judgment word for word. I mean, it's no, I mean, well, I can't read the final judgment. I could read the temporary thing, but it does say that he's not, It does say that he is not the person that created Bitcoin. It does say that he is not
the person behind the white paper. I mean, and again, people are going to try to spin this. And I'll give you my opinion on what this means. Yeah, so some people don't think it was a ruling, but a clarification of the declarations he will rule on. I watched it, and I do not believe that that's the case at all. I will... will leave it at that I've seen the language um I don't think it's a clarification at all I think it's a trying to figure out what to do given the fact that that is where he's come out on it I mean again even if you listened to the I listened to it live and it was very clear what he said he said the evidence was overwhelming he wouldn't say the evidence was overwhelming
but then here are the things that I might rule on he said the evidence was overwhelming and then a lot of things, by the way, this could go a bunch of different ways because, uh, with that being his, his, his ruling, then that means that some people may have perjured himself. There are allegations of all kinds of forged documents. Their, uh, COPA is, is moving forward with, uh, trying to push this criminally. And, and I, so this, uh, this is, uh, To me, when I look at something like this, and I like the BSV community, I want to say this, like if I had one goal in all this, it would be to get unity somehow, because I know people in
the BSV community, BCH community, I know most of these people actually have common goals, but it's easy when you get pushed off. And what I'm going to say is the experience that I had with the 280 million dollar defamation thing um it was so closely aligned you know some when I when I actually put this out a few weeks ago that I think this might be what's going on as a possibility some people like well you're biased because you've gone through this situation and that maybe was a fair uh situation but it turns out it's it's not this is one of those experiences where The reason that it's so hard for people to accept that Craig isn't Satoshi is because you want Craig to be Satoshi.
Because Craig is trying to unravel, at least in what he says, what BTC has done. And he's taking steps to do that. And we don't know who Satoshi is, but we see that BTC has turned into this thing that now BlackRock is buying and people don't use it as cash. And so it's easy to want to get behind it, even though the guy has some personality quirks. You'd say, well, of course, a genius that would come up with something like Bitcoin, he'll have some personality quirks. He may be an asshole, but we'll accept that because he seems like he's really principled. But when you internalize what he's done, In terms of suing these developers, again,
and I'm saying it because I know what it's like to be on the other end of that, to go after and ruin these people's lives viciously. I mean, you know, there are all of his texts. He intentionally wanted to break up their marriage, ruin their lives, bankrupt them. And I'm saying this to the BSV people that are listening to this. You know, I'm like, I understand you may still not like BTC. I don't like BTC now either. I'm saying we need 50,000 transactions per second. But what I'm saying is from a human perspective, what Craig did to those developers, what Craig did to people that spoke out was wrong. so you know we've got to get over that and and I think then there are other
aspects behind this so so what I'm saying is my call to action here is you know look if btc wants to increase blocks great I'm not against btc it's just the btc right now only has one purpose and that is digital gold and it may be great at that and that's fine and and whatever we need peer-to-peer cash not only for the world, but to protect ourselves from complete digital tyranny. So if we can get BCH, I've been told, and I actually read some documentation today, is working on a proposal to adapt the size of their blocks up to two gigabytes. So it is conceivable. So from my perspective, and again, I'm not a maximalist, but I think BCH today was
the biggest victor in the COPPA lawsuit for two reasons. One, the devs and the people involved in BCH are likely gonna have that case dropped. And so they're not going to be under the pressure of $7 billion worth of personal liability. They're not going to be forced to move coins. And hopefully this will open up and bring back more developers to the open source community to work on those projects. So that's one good thing. The other thing is I think this establishes BCH as the leader in proof of work, big block blockchains. And so what I'm saying is from my perspective, I will work with all coins. I'm going to promote all coins that are proof of work that are not part of a
corporate structure that didn't do a fundraise, but that have a decentralized proof of work solution. And I'm going around the country. I'll meet with 200, 300, 400 people at a time all over the place. And a lot of the people that I'm meeting with are boomers. These are not the people on crypto Twitter. These are not the people that we're chatting with amongst ourselves every day. These are people that haven't even heard of the concept that you can use cryptocurrency as cash. They've never had a wallet. All they've heard of is this on CNBC. Most of what they think about this is it's a scam or it's a speculative investment, but they're used to hearing about FTX. They're used to hearing
about a whole host of of other things. But I've dedicated my life to this. I mean, I've put my entire life on hold. I've been a serial entrepreneur. Normally, this is the last thing that I would be doing. But I look at this as that if we do not stop CBDCs, then we're gonna have social credit systems, digital passports, vaccine passports, digital IDs, all of it. And in fact, this has been a 50 year movement towards this with groups like the UN and the Trilateral Commission. And the outcome of this is something like the UN, 17 sustainable development goals in a social credit score type system. So yeah, I apologize. This wasn't particularly well organized today, and I'm still trying to
work through the logistics of this, but I did want to get out here today my thoughts on what I think is behind. And again, it's my opinion on this Craig situation, because I think for people in the BSV community, and again, I like people in the BSV. I've been involved in the BSV community from day one. I've used BSV I know a lot of people in there and a lot of the BSV people are very principled. They were drawn to what Craig said about restoring integrity and restoring law. And there's a massive amount of cognitive dissonance when the person who's preaching these values of integrity turns out made the whole thing up and may have been actually trying
to basically... I say Bitcoin SV should be, instead of Satoshi's vision, stolen valor. He tried to basically take the position of Satoshi and actually use the force of the state to take people's coins. And I want to speak a little bit about BSV itself because everybody's trying to figure out what to do right now. And this is all speculation on my part, but for me, what clicked on the Craig Wright thing, I figured out, I was never 100% that he was Satoshi, but I probably got up to 60, 70% at one point. It's always been about probabilities. But when I saw what happened with the paper wallet and then the tax office and everything else, I'm like, oh, I've seen this movie before. And
Most good people with integrity that are principled, it's out of your range of belief that a human being would do this, that a human being would lie at this level, would manufacture evidence, and would actually target viciously using the courts under the guise of fighting for integrity and restoring your system like you're an Ayn Randian hero, like you're Howard Rourke, like you're restoring the thing that you built, and then it's untrue. It shatters your worldview. The situation that I went through shattered my worldview. Five and a half years, $280 million. I brought in people. I brought my now wife into this to work with this guy. And her experience was horrifying.
I brought other people into this. I've met with some of the victims that came to him because they had issues with family court because they were losing their kids to the court. And Mike would take their information, then make up stories about them and call them assassins. So I've seen this behavior before, and it's outside of the scope of what's real. But honestly, now in comparison, I think it fits. And there are ramifications of this for BSV. And I'm going to throw this out here in a way that there's a problem. So if if if it's true here that Craig has been found to not be all of those things and, you know, again, I don't want to prejudge what what all is going to happen,
but there may be criminal charges involved in this. But what does this mean about about Calvin Air and about Stephen Matthews, who were also involved in this? You know, Stephen Matthews is the CEO of Enchain, which is the company that basically has all of the patents that that Craig allegedly worked on and others. around these blockchain patents. And I will tell you the worst case scenario about this is, Craig made it all up and then they built all these patents with the intention not of restoring BSV to what it was, but to selling off the patent portfolio or becoming patent trolls. That is not out of the question. At some point now, You have to ask, well, what is the intent?
I don't know necessarily what the intent is, but I've got to assume, you know, Calvin Air, if you're looking at that paper wallet, the one FEEX wallet, that that's a little bit suspicious. You know, no, he hasn't moved any coins. And so at what point I saw a documentary on Netflix recently about some other crypto scam and it was about this company. I don't remember what it's called, but they basically came up with a crypto debit card. And the debit card, they actually never created a debit card. They created a website with fake people. They made up a CEO. They took bios here. They took stock images off of the internet. And then they ended up getting a South Korean company.
This was during the peak of the bubble, two bubbles ago. They got a South Korean company to invest $10 million. And then at some point, that Korean company realized that they were scamming. But they're like, well, we'll just join you in the scam. So knowing it was a scam, they then doubled it. So at the end of it, it became this gigantic Ponzi where people became complicit. The problem with BSV right now is, because a lot of people will say, yeah, the tech works. except that there are these The tech works, node access rules that are, that are centrally controlled. The mining is controlled and nobody knows exactly what's going to happen with the IP with, with these patents.
I'd like to see the BSV technology work, but in order to do that, you've got, we, you know, it would, it would need a substantial realignment because people are not going to just look at this and say, well, Craig's gone. But, you know, well, great. Well, we'll just separate Craig from this. Well, I mean, you know, Craig was involved with the with the IP. Does TerraNode actually work? And to the extent that BSV has been targeted for enterprise deployments and government deployments, which I take issue with in general, but is it whatever it is, what it is, if that's what the plan is. There's an old saying, nobody gets fired for buying IBM. Well, I mean, who is going to,
which government, which central bank, which multinational corporation, if they weren't going to sign up for it at 50,000 transactions per second before Craig, what makes anybody think they're going to sign up for it now? What level of due diligence and scrutiny would you have to do knowing the sophistication of what has just gone on with BSV? So I say this from the perspective of, I wish, I don't know, maybe there's a way for us to all work together. Maybe there's a way to to reconfigure BSV. So I'm not even writing it all off. But I am saying that that It can't work with the people that are there now that are driving rules and legal documents from the top down. That is not in the spirit of,
at least from my opinion, what the white paper and what Satoshi was all about. Certainly, Craig's identity as he took it as Satoshi would say something else. But I think that that is now certainly beyond in question. And so I think we can now go back and talk about, well, really, what is the purpose of Bitcoin? And from my perspective, we have the urgent threat of CBDCs. and need to unite around that. So with that said, I mean, I'm going to be doing these podcasts frequently. I don't know how frequently, maybe every other week, because I'm doing a lot of travel with these workshops. But if you have any comments, or questions, I'm happy to take those now.
I've got another interview in 23 minutes, but I'm happy to work up, you know, I'm happy to talk more for another 15 minutes or so. so I just want you all to And, you know, know where I'm coming from. I want you to check out day2024.com. There's an Epoch Times interview that I did. You can find my book. You can see the workshops that I'm doing. So in these workshops, I am discussing what a digital tyranny looks like under a technocratic regime where everything is top-down driven with social credit scores. I discussed the current state of the surveillance state globally and in the U.S. I discussed the development of CBDCs globally and in the U.S., I talk about the history of fiat currency and
specifically the collapse of the dollar. I spend a lot of time cryptocurrency in terms of talking about basics of the Bitcoin white the fundamentals and the paper and how it truly is a revolution. in money. I wasn't surprised because I figured out what Craig was doing, but I'm still deeply disappointed by it because I did like a lot of what he was saying in terms of the scalability and microtransactions and even what you could do with Bitcoin in terms of it really innovating um and taking out and being really a threat to silicon valley because you could you can on top of bitcoin build systems where you can control your own data and not be subject to these advertising models so
you know I'm disappointed in that as well but I you know I i talk about the fundamentals of blockchain because I'm typically talking to a new audience I talk about the regulatory environment I talk about the truth of etfs which my opinion is I believe They approved the Bitcoin ETFs as a confiscation tool for Bitcoin. And when you understand Executive Order 14067, there has been a complete crackdown. They were able to stop Bitcoin ETFs for the longest time. Why did they all of a sudden decide to let it through while at the same time they're shutting everybody else down? If you look at what FDR did with gold, there are a couple of interesting things. One, he confiscated about 75% of the gold.
He didn't confiscate all of it. If you had your gold in a vault or in a safety deposit box, it was automatically taken away. If you had it at home, while you were legally obligated to turn in your gold, about 25% of the people didn't. They held on to their gold. And so this is actually an important part. I'm empowering people when I'm doing these talks and talking about the importance of self-custody. We need self-custody. But with the Bitcoin ETFs, It's not self-custody. if you look at all of the ETFs combined, And in fact, 90% of all of the Bitcoin through ETFs is held at one exchange, which is Coinbase, which by the way, is currently also being sued by the SEC.
But talk about a single point of failure. If the government decided to confiscate Bitcoin, obviously BlackRock will comply. Obviously, Fidelity will comply and Coinbase will comply. And in fact, it's even a risk factor in the ETF. And so because of how ETFs work, at no point can somebody that owns an ETF get some of the BTC back. So at no point will they have the direct access to BTC. And this is just eating up. the supply of Bitcoin. So to me, it is it's absolutely a threat. And I'm going to explain that in there as well. about precious metals, gold, And I'm also going to talk silver and everything else. And again, at the end of the workshop, people will walk away with a self-custody wallet.
gold and silver. And so this, look, this is the best, if you've got a better plan, I'd love to hear it. But from my perspective, the best way to stop CBDC is to stop fiat. And the best way to do that is to use self-custody alternatives, because here's what's going to happen. They're going to do another problem reaction solution. And we can't Stop the problem. Whatever the problem is going to be, cyber attack or whatever, we can't really address that. We can't do anything about the reaction. The reaction is going to be fear. That's the one that always works. The only thing we can do is have an alternative solution and preferably a better alternative solution. And that's what I think
Bitcoin was always designed to be. but we are so caught up in these internal civil wars that we are now behind central bank digital currency. So I say this, I have compassion for all of these communities. I would like to see the BSV people, the BCH people, I'd like to see us all working together on this issue. And I am very accessible and very open. So you can reach out to me on this. And I look forward to any comments that you have on this, but I did want to get this out because of how fresh it is. And because I know people are really trying to grapple with with everything that's going on. And it is it's mixed. Again, it's mixed for me, but I'm grateful for the dev, the BTC devs and the BCH
devs and the people that were unjustly, you know, my opinion, terrorized by these lawsuits that that that that's just that's that's unacceptable. And And now we've got to kind of deal with the shakeout. I'm looking at some questions here. So who is CSW then? Him not being Satoshi is stranger than him being Satoshi. You know, look, the thing about this is I've actually been going through AI and actually kind of trying to research different examples. There's certainly plenty of examples of where somebody has developed IP and then somebody else came along. and made it better or scaled it up in a more significant way. To be honest with you, there are some aspects of
Craig that I thought were suspicious. I thought the 30 degrees and all that other stuff, I mean, to be honest, universities have become indoctrination centers. And so from my perspective, the idea that You know, the person that created I would have expected Satoshi to be somebody that dropped out of a Ph.D. in computer science program, not somebody that that got 30 degrees. So to me, that was actually a signal the other way and frankly, was kind of a measure of perhaps over compensation the other the other way. So and by the way, this still leads the question of who is Satoshi? And I think there could be a darker aspect to this. There's still a kind of a deeper, there's something,
and we're getting into the weeds on this, but I think Craig Wright could be a part of Satoshi. And in fact, I think if you look at some of his ties, he's had ties to law enforcement and the intelligence community. I think it's conceivable that Satoshi is anonymous, not because it was a gift to the world, but because this was actually a whatever a national security deep You know, state operation. One thing that I actually want to get some clarity on is one of the reasons that Craig claimed that he wouldn't move coins with Gavin Andreessen. was that there was an early bug somehow and I don't understand the technicalities of this or
if even that itself was a lie but that that somehow moving the coins would expose some early flaw in the code and then I guess gavin's response was well no we we found that and fixed it and so that wouldn't be an issue and then craig subsequently still didn't sign When I heard that, what I want to pursue, and if anybody has the answer to this, that system is, well, maybe there was a backdoor in it. We still don't know who Satoshi is. And Hal Finney, it's been shown that Hal Finney is likely not it. It's been shown that others that people thought were on the list. There's a guy, Len Sasserman. I mean, we still don't know who Satoshi is, and we still don't know a lot. So I don't know.
We should still kind of be concerned about that, in my opinion. But it doesn't surprise me that... you know, if you look at what, so in the court hearing and in the proceedings, a lot of what Craig uses as justification for being Satoshi was that he filed all these patents and that he had all these degrees and, you know, he's really convincing just like the other guy that I work with. He's really convincing because I believe they believe it. I put a, I put out a tweet the other day where I said, you know, I believe Craig Wright thinks he's Satoshi, meaning I actually think that he's so deep into this that he's convinced himself of it because he gives off a confidence about being Satoshi that,
you know, to me, I would do a very poor job at claiming to be somebody else. That would not be something that would come natural to me. And so it seems so believable because he's really into... into the character. And that is really part of the effectiveness of his ability to carry this out. So I don't know. I think we should still be curious about who Satoshi is and try to understand Again, he clearly believes in Bitcoin and he believes in the original vision. And I believe that the company that he put together in 13 or whatever in Australia with that whole thing with the tax office, I don't believe that he was doing that to get tax rebates and then flee. I actually think he probably
had a plan for what he would do with Bitcoin with that money. And he thought he'd be able to get away with it because he'd be able to build out whatever he had to build out and he would be able to satisfy any of his tax obligations. I think he's a smart guy. And look, I'm not a... one thing I learned going through my process is I'm not a vengeful person you know for me for me I mean and it hurts with what he's done with people but he he's a smart guy I mean I the real thing with the other guy that that I mentioned that at some point you usually hit rock bottom right and then you realize what happened and and you know you apologize for it you go through a reconciliation phase I mean
there's a phrase that it's like we've got to get to the truth before we get to the love or we're loving the lies and with this other person there's no getting to the truth because you get so you've built it up so much in your own mind that it has actually become your identity and your ability to face yourself that level in is is is tough and and but I actually hope he gets through it I i would like to see him have a redemption arc you know to me a redemption arc and because he can contribute great ideas to this but but he can't do it by continuing to play in the role and to you know have never made any mistakes in these things and and and whatever so we got we've got a lot of work to do and
you know these are just again all my my opinions on this but having been through kind of a related type of situation that what hasn't even resolved yet that situation hasn't resolved actually similar time frames of this and so I know this kind of look it wouldn't surprise me that Craig appeals, and then when he appeals, he'll start blaming the judge. This is what happened with the other guy. The other guy lost all the lawsuits, sued his lawyers, blamed all the lawyers, then blamed all the judges. Now he's blaming all of the law enforcement, and then he's one step away. Now he's blaming Michael Flynn, and the next step is going to be he's going to blame Trump. There's no end to it.
I mean, and if Craig follows this arc, it's going to be the courts, it's going to be parliament, and then it's going to be the king. that's actually the typical MO for I mean, whatever kind of behavior pattern we're dealing with. And it's really frustrating to deal with, are people that under the particularly since these right circumstances, and if they go through some sort of personal transformation, I think still could be valuable, helpful people. But these are just my my musings at this point. Does anybody else have any questions? I see a BSV is true. electronic cash only CSW was Peter period, able to explain how and why, but he's not Satoshi. Well, first of all,
the basis of what he's doing, So look, there are a lot of forks, right? So BCH was a fork. Ravencoin is a fork that allows tokenization natively. Litecoin is a fork and it has its own unique attributes. And so these are projects that change the fundamental protocol. All he's doing is restoring what was already written. So the idea that, yes, he can explain how and why it worked, but at the end of the day, he's just implementing what the original thing was. Well, the original thing was written out and explained in the white paper. And I have some serious, profound questions that I want to get answered because it doesn't seem like he's coded any of It doesn't seem like, and by the way,
that doesn't mean he wasn't involved in creating this part of a team, but it certainly doesn't seem coding was his strength because even as I am looking at Steve Shatters and what's going on at BSV, and I guess a lot of those people are under NDAs and still can't talk about what's going on, but I thought I saw Shatters say he's never seen Craig write a line of code. So if he just read and understood, because he does understand a lot about, you know, computers at a conceptual level and at a very detailed level, he's capable of understanding it at an abstract level and he doesn't do the coding. So BSV might be just him understanding and interpreting the white paper, but it's literally other
people that did the coding. So I don't know. There's still a lot of unanswered questions, um, and we're not gonna be able to resolve them tonight. But I do appreciate all of you for joining and please give me your feedback on this. And if you wanna help out, just DM me or go to the website as well. You could use all the help that I could get in terms of trying to get the word out about the threat of cbdc's and also how we can work together and I mean this sincerely um any ideas you know I've got my book look at the book I you know I'm trying to make it easy for people to use cash as an alternative to fiat and uh or excuse me crypto um and so any any ideas or
technologies or anything that can make it easy for for new people to be on boarded I'm I'm all ears So with that said, we'll wrap it up. Thank you for joining and I'll be back probably in the next week or so. Thanks.
This transcript was generated from The Aaron Day Show episode "Episode 002: Craig Wright Defeated: COPA Wins, BCH Emerges Victorious in the Battle Against CBDCs".