BITCOIN

Craig Wright: Bitcoin Community should start acting like one

TAGs: Bitcoin, dr. craig wright, SegWit

Australian academic and inventor Dr. Craig Wright made a case for bitcoin scaling—and for the bitcoin community to finally start acting like one.

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In a rare appearance at the recently held The Future of Bitcoin event in the Netherlands, Dr. Craig Wright contends that a scale needs to happen to bring bitcoin to a point where it will exceed all global past transactions.

The problem, however, is that the community is only seeing bitcoin as bitcoin, and not the entire system, according to Dr. Wright. He warned that adding sidechains may result in the destruction of bitcoin.

Innovation, sustainable operations, and catching companies’ attention, according to Dr. Wright, are the keys for scaling to happen. He warned that Bitcoin will remain nothing and will continue to be like that unless the scaling issue isn’t resolved on Chain.

To view the whole presentation, click here.

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