Dr. Craig Wright on monetary law and blockchains


Published 9m ago via coingeek.com

Dr. Craig Wright on monetary law and blockchains
Coin Geek via coingeek.com

Dr. Craig Wright, Chief Science Officer of nChain, provides a blog post on blockchain forks and how they interact with monetary laws in an effort to dispel some of the mistruths being presented by certain members of the cryptocurrency community, as well as clarification on coin mixers and why they are becoming targets for their illegal activities. Provided blockchain products are able to keep this premise in mind, they are working within the confines and definition of Bitcoin; when they start to stray and incorporate unnecessary systems, such as Bitcoin Core’s (BTC) Segregated Witness, they lose their attachment to Bitcoin – and, as a result, cryptocurrency – completely.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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