ProgrammableTX Profile picture
Apr 17, 2019 13 tweets 2 min read Read on X
For what it's worth I haven't ruled out, for myself, the possibility that Craig Wright was close to the Satoshi collaboration. I can't explain why he wouldn't just do the simple thing and prove it, nor can I explain why all the doctored evidence is floating around.
Despite these gross inconsistencies, as I do more and more reading on the topic, I still think there's a possibility he was involved in some way at some point in time. HOWEVER....
What's very clear to me it's that the flesh and blood 2019 Craig Wright is not the same in contour or temperament as the Satoshi that is preserved in writing.
Interestingly, from my frame of reference, both men might be fictive creations of the internet for all I know. Just because Craig exists in my contemporary timeline, does not make him any more "real" to me than Satoshi.
I have only ever interacted with both as mediated sprites, as information streams in analogue wave patterns of pixels on a screen. I can no more reach out and touch Craig as I can Satoshi.
So in this sense I feel like I am fully qualified to compare the subjective experience of both men as creations. And as such they are not the same. And they continue to get more and more different with time.
The #CraigWrightIsAFraud campaign is a much about our right, as Bitcoiners, to stake out a decision of the Satoshi we want, and for that person to be completely distinct from the Satoshi that might actually have been.
When we use avatars online, we free ourselves from any definition tied to our Earthly, corporeal, messy and indigent selves. This is an act of control and emancipation. But in return, we lose claim to the persona that we create in the process.
Our avatars, Satoshi's included, become communal property the longer they are maintained. They take up residence as purely imaginary creatures. That is the trade that we make. We become better selves, unencumbered.
But in the process we relinquish any rights and privileges that accrue to the avatars, or any claim on the good deeds we have done in their name.
I can foresee a universe in which Craig finally produces proof that he was involved in the creation of Bitcoin or even that he has access to Satoshi's coins.
I can just as easily forsee a universe in which he utilizes threats, extortion, and litigation as his is only means to promulgate the fantasy that he somehow has an exclusive claim on Satoshi's vision.
In either case it is both vital and also inevitable that he will lose. I've experienced quite enough of Craig to say with certainty that he is not Satoshi. And I have as much right to make this claim as he does.

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More from @ProgrammableTx

Oct 8, 2022
Cumulative, rolling 12 month federal interest expense is $756.4 Billion. If total US debt is $31 Trillion that's an implied average interest rate of 2.44%. Am I off base here?
This is odd to me. In Q1 of 22, US interest expense as a percent of total tax receipts is a mere 20%. Last time our interest expenses/income was at this exact level was 1968.

Debt/GDP back then was 39.2%. Image
And at that time in 1967, just for a reference on rates, the 10-year yield was at a local low of 4.52%. Image
Read 19 tweets
Nov 5, 2021
The government is able to hide the exorbitant cost of it's debt because the maturity of the debt is a lot longer than the political cycle. For example, spending thus far in 2021 for interest expenses alone is $548.3 Billion. So if rates go up this causes a problem right?
1/n
Long term yes. Short term no. Current average interest rate is 1.592% according to fiscaldata.treasury.gov. If Interest rates doubled overnight to 3% then interest cost on total debt would theoretically be over a Trillion dollars, right? Only sort of.
2/n
The government avoids the consequences a rate increase because only $1.792 Trillion debt matures in the next 12 months. So a doubling of rates would only increase total debt service by $25 Billion.
3/n
Read 24 tweets
May 18, 2021
Every bull market the lie of "faster" altcoins resurfaces. Litecoin is not faster than Bitcoin. Dogecoin is not faster than Bitcoin. Bitcoin actually settles in LESS time than any other cryptocurrency. But to understand why that is, you have to understand what settlement is. 1/n
In a theoretical sense, final settlement doesn't exist at all on any blockchain. What settlement assurance you do get from a blockchain is a function of the energy an attacker would have to expend in order to rewrite your transactions or spend their own coins twice. 2/n
But with enough electricity, any blockchain can be rewritten by hostile miners who want to go back in time, change or delete transactions, then re-mine everything that happened up until the present. 3/n
Read 15 tweets
May 16, 2021
When the "crypto" world gets noisy I need to take a step back and regard some of my fundamental precepts. These are not in any particular order.

1) There is no measure of price inflation which accurately measures the state of the monetary system.
2) Price inflation metrics themselves were only brought to the fore after the Fed lost the ability to audit or control the money supply.
3) There is no such thing as a risk-free rate of return. All loans/notes/bills denominated in government currency carry some type of risk.
Read 15 tweets
Sep 24, 2020
@edstromandrew has it right. Anyone who makes the MySpace comparison is woefully stupid. I'd like to address why I think this worn out meme is so far off the mark. 1/n
The thesis goes like this: Bitcoin was first, and MySpace was first. MySpace failed therefore Bitcoin will fail. However, MySpace was not first. Friendster was first. If the only thing you base your comparison on is "firstness", then the comparison is already dead. 2/n
But the analogy breaks down for other, more fundamental reasons. People who say this assume that every networking technology will always and forever be replaced by a subsequent, for-profit enterprise who is iterating on the technology. 3/n
Read 14 tweets
Jul 27, 2020
I'm so excited about BTC I can't go to sleep, but the line of demarcation for me is $11,391. If we go above that this week then we are back inside a multi-year trend. Next week the line moves up to $11,578.
Zooming in a little more I can see that the reentry point is actually a few dollars lower at $11,378.00 A few minutes ago we touched it and bounced back down. FYI I drew the blue line about a year ago and have never moved it. Image
Zoomed out view. I don't trade, by the way. This is just for my own personal orientation and to help manage my emotions. Image
Read 4 tweets

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