Jumat, 21 Februari 2020

Satoshi Nakamoto is the Real OG

Gilder's Daily Prophecy

February 21, 2020

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Satoshi Nakamoto is the Real OG

George GilderDear Daily Prophecy Reader,

As a newly minted "Original Gangster Futurist" I traipse around the globe, from Berlin and Beijing to Seattle and Hong Kong, tracking down other OGs. From super-agent entrepreneur Ari Emanuel, to Jonetix cryptonaut Nick Tredennick, to Alibaba founder-fantastic Jack Ma.

But over the last few days, I have concluded the ultimate OG is Satoshi Nakamoto, the pseudonymous author of bitcoin and creator of the Bitcoin blockchain.

His real name is Craig Wright, the Australian rogue entrepreneur and academic magpie polymath, who between papers on theology and computer security, launched the cryptocurrency movement with his blockchain paper in 2008.

Entitled "Bitcoin: A Peer-to-Peer Electronic Cash System," it offered the world a solution to its two leading crises:

  1. The hacking of internet by thousands of sleazy criminals and terrorists.
  2. The hacking of world money by hundreds of suited central bankers.

It created an immutable timestamped "cadaster" that can provide a layer-ledger of trust and transactions for the Internet and the world economy.

In my speech today in London, I call it "Fixing the Porous internet and Ponzi Money with Satoshi's Blockchain."

(Sorry, if you think that the world's supreme problem is climate change, don a dunce's cap and go to the back of the room with Jeff Bezos and Mike Bloomberg).

Wright is the Real Deal!

Part of Wright's stuff as an OG is that half the bitcoin folks say that he is a hoax.

"He's a fraud," Nick Szabo, BitGold author, smart contract inventor, and legal philosopher, warned me earnestly at the crowded bar of a dimly lit restaurant in Berlin last year during a conference for Blockstack Corp. (I said what the porous pyramid of the net needs to stop all the data and money and power from rising to the top is a "blockstack.")

"Wright's a fraud, why are you letting him address your conference?" asked Vitalik Buterin, founder of Ethereum, last year in Seoul.

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Since by many measures, Szabo and Buterin are the most brilliant men in the entire crypto movement, their denunciation of Wright carries considerable weight with serious people.

But they are wrong. To know it, a start is watching Wright rule over this annual CoinGeek 2020 conference, mesmerizing his adoring crowd of followers from around the globe. More persuasive to me previously was the firm testimony of his bitcoin protégé Gavin Andresen who lives near me in Massachusetts.

Clinching the case is Wright's mastery of the intricacies of bitcoin, his near thousand blockchain related patents, his confident stream of ideas charismatically delivered without notes or pauses. I also had a long talk with him last night at the reception following the first day of the conference where he explained many misconceptions.

But I also spent an hour or so discussing Wright and the Satoshi enigma with the venerable Ian Grigg. Widely and cogently regarded to be the leading Satoshi candidate himself, Grigg is a veteran of the cypherpunk group behind many crypto-innovations and an inventor of the "triple entry accounting" that is an alternative way of framing blockchains.

According to Grigg, Wright did not just pop up as Satoshi from the Australian outback like some bumptious kangaroo. He was an original gangster CoinGeek from way back. He represents a long cryptographic tradition that goes back to the founding moment of modern computer science in Bletchley Park breaking the German codes during World War II.

Grigg described the roots of bitcoin in the cryptographic researches at Bletchley Park, with computer inventor Alan Turing, mathematician David Reese, logician L.J. Good, and others during World War II. Among the others was Wright's grandfather Ronald Lynan, who was part of the team assigned to break the Japanese code called "Purple."

Wright's inspirational Satoshi consort began with grandpa Lynan, mathematician Reese, coder and Wright partner David Kleiman, and Uyen Nguyen, a young woman from North Vietnam who joined Wright and took over his Tulip Trust of bitcoin holdings.

Nguyen made the case for Wright when she attended my conference in San Francisco with Wright associate Joseph Vaughn Perling. Over the last few years, Reese and Kleiman have died, leaving only Nguyen to testify for Wright. But significantly, Kleiman's heirs have sued Wright to retrieve early bitcoin that they mined together.

I have much more to write on this fascinating movement. But first I have to go back to the conference to make my speech and fireside chat with Wright.

I have some things I want to tell him about money and time.

I'll tell you how it goes with us in future Original Gangster CoinGeek prophecies.

Regards,

George Gilder

George Gilder
Editor, Gilder's Daily Prophecy

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