Craig Wright’s Wild Ride: Is He Satoshi or Just a Wacky Wizard?

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Ah, the marvelous Mr. Craig Wright, the Australian computer whizz-bang who’s spent more time in courtrooms than a soap opera star! This chap, whose claim to being the elusive Satoshi Nakamoto was given a jolly good thrashing by London’s High Court, is back at it again. This time, he’s seized upon billionaire Ray Dalio’s grumblings about Bitcoin to peddle his peculiar brand of nonsense. Dalio, you see, reckons central banks wouldn’t touch BTC with a ten-foot pole due to its pesky transparency. Oh, the horror of a public ledger! Whatever shall we do?

For those who’ve been living under a rock (or perhaps just enjoying a spot of peace and quiet), Dalio’s beef is with the blockchain’s openness. He believes it leaves transactions as exposed as a sunbather in a snowstorm, which apparently ruffles the feathers of state regulators. Tsk, tsk.

Bitcoin or BTC? A Tale of Two Cryptos

Enter our hero, Craig Wright, stage left, with his trusty concept in hand. He insists there’s a chasm as wide as the Grand Canyon between “BTC” and “Bitcoin.” According to his grand theory, the modern BTC network has gone off the rails, becoming a bloated mess of intermediaries like Coinbase, Block, and the Lightning Network. What a load of old tosh, eh?

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Wright, with a flourish of his metaphorical cape, declares that this very mess is what makes the network as vulnerable as a house of cards in a hurricane. “That is BTC, not bitcoin,” he proclaims, with all the gravitas of a street-corner orator.

That is BTC, not bitcoin

– S Tominaga (Aka Dr Craig Wright) (@CsTominaga) May 13, 2026

But fear not, dear reader, for Wright has the solution! The “true” Bitcoin, he insists, is his beloved Bitcoin Satoshi Vision (BSV) fork. In this utopia, users send funds directly to one another, and nodes merely scribble down the details, cutting out those pesky middlemen. How quaint!

Yet, despite Wright’s theatrics, the market seems to have other ideas. BSV’s market cap is about as impressive as a soggy biscuit, while classic Bitcoin struts its stuff as the darling of global institutions, backed by spot ETFs. Wright, it seems, is trying to sell us a pig in a poke, wrapping his old idea in shiny new paper. But with his Satoshi claims in tatters, his antics are now little more than a sideshow for blockchain history buffs.

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2026-05-13 14:45