09:02 in the morning. I’m on YouTube with 156 other people, Dr. Looking forward to Craig Wright’s first Bitcoin Masterclass. Chat feed is busy:
“Good evening from Fukuoka, Japan”
“Hello from Melbourne Australia :)”
“Hi Dale, I haven’t seen your name lately!”
“Has it started yet?”
09.12. Musak applause (above) acknowledging Dr. or showing his vest. It starts with a shot of Wright.
09.30. The show begins – just in time! nChain’s Owen Vaughan Dr. Introducing Wright. He is at a podium in front of a bookcase of academic-looking volumes. “I used to be a teacher,” he tells us.
It will be interactive, so viewers should stay tuned. Can someone tell him the most important aspects of the security system?
Yes…thank you (she writes them on the board in proper lecturer style):
He tells us that it impressed the CIA, so today it is often referred to as “AIC.” (Why? Political correctness gone mad?)
Now we get to the case of Bitcoin: he talks about how to improve security systems, which today are usually limited to “all or nothing” sharing. If you go to a hospital, 1,500 hospital staff can access all of your confidential health records. But you don’t need to know much of what’s inside most of them.
“Privacy means sharing with us right people,” he says. The Bitcoin White Paper “firewalls” the identity of Bitcoin transactions, but “firewalling identity doesn’t mean it doesn’t exist.” nChain works on selective disclosure products, using the term “transparent” to mean see enough, as opposed to “transparent”.
The audience in the hall was either shy or not quite fit to be there. “How big is my TCP header in IPv6?” questions like produced little more than some awkward shuffling. I don’t know how many of us would be better at home. When he got into ECDH Diffie-Hellman signatures and said “we’re going to merge this”, I was lost.
To be fair, there was also much that a non-specialist could learn: how today’s law of document signing (digital or otherwise) goes back to the principles worked out in Rome by Livy and Cicero; How about 300 attempts to make a cryptocurrency before Bitcoin; and how he has no time for NFT hype – “nobody in their right mind is going to pay a quarter of a million dollars for 8-bit art.”
He also told us that a typical passport today encodes a lot of your personal information in a form that can be read by an NFC reader (around £50 from Amazon). So if you walk through an airport with one of them, you can meet your colleagues without them knowing you.
Behind the technology were some obvious heartfelt beliefs about how society should work. Instead of the anonymity of today’s social media, Dr. Wright spoke approvingly of the “coffeehouses” of earlier centuries (actually more popular for alcohol than coffee). They were where the real arguments went – by people who knew who each other was. He praised Gandhi, Martin Luther King, Jr. and Nelson Mandela for having the courage to speak out at great risk for what they believed.
And he referenced Isaac Asimov’s hero Harry Seldon Foundation a series of novels that invented the (fictional) science of psychohistory, which involves mapping events to keep a record of the world and predict its future. “Some of the blockchain ideas came from that,” he said.
There were also a few personal thoughts. After a CoinGeek conference, Dr. About Wright ending up in a bar having to pay a $25,000 liquor bill. And how he believes he’s been singled out by tax inspectors for all the money he’s made throughout his working life: “The fun part about going from nothing to riches is that the tax office loves you.” The way his wife looks at their bank account – it makes it difficult to buy him a trinket for Christmas, because he saw it in his testimony before he gave it. wow!
And that was the first morning of the two-day Bitcoin Masterclass. More to come!
Watch Bitcoin Masterclass Day Two here.
Watch Bitcoin Masterclass Day 1: Privacy, Privacy, Anonymity and Partnerships
width=”562″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>
New to Bitcoin? Check out CoinGeek Bitcoin for beginners The section is the ultimate resource guide for learning more about Bitcoin and blockchain as envisioned by Satoshi Nakamoto.