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Craig Wright: We’re going to destroy their business model

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At the CoinGeek Zurich conference, nChain Chief Scientist Dr. Craig Wright held a presentation about data sovereignty and BSV enterprise blockchain’s distributed fractal database capabilities.

Yawning already? 


“I want you to think about how we are going to change the cancer that is the internet, because of Silicon Valley. (…) today’s cancerous evil Twitter based Silicon Valley that people don’t even realize is corrupting everything in society as they own you. They prostitute you for your data. We are going to give your data back,” said Dr. Craig Wright.

Yes, the cancer that is the internet. Yes, “prostitute you for your data.” You read right, or let’s say you read Wright.

Craig Wright: We’re going to destroy their business model

In his presentation, Craig Wright almost furiously paints the current data hungry social media platforms such as Twitter and Facebook as one of the reasons Western democracy seems to devolve into demagoguery.

“When you’re on Twitter, they own you. When you’re on Google, they own you. You are their slave. They want you to feel empowered. Because you’re not,” said Dr. Wright.

Imagine the digital asset sphere without Twitter. Imagine BTC without Twitter. 

You can’t, because BTC and other nonsense coins literally depend on people manipulating other people into buying their bags as in the HODL narrative. This is part of “the cancer that is the internet” as described by Craig Wright.

But not only that. 

With Twitter, Facebook and the like, we the users do not have integrity of data, and certainly not sovereignty of data. Your posts are archived somewhere even if you deleted them. “Your” posts can be altered. Every click you make is being tracked. 

How can BSV solve this though?

Using BSV blockchain, users are able to have sections of their own in different areas, as Craig Wright explained in his presentation. BSV is going to allow users to have different layers of data, so users can move their own data from server to server.

“If you don’t like Twitter, leave. And take all your data, all your friends, all your connectivity (…) And guess what. All your friends will be connected, all the people who want to see you, will still get to see you,” said Dr. Craig Wright.

Craig Wright: We’re going to destroy their business model

“New companies will evolve that will give you access to your data faster, your data more securely, your data under your terms. And this is something that Silicon Valley has taken from you,” said Dr. Craig Wright. 

BSV is not about winning against BTC, ETH or any other digital asset anymore. 

BSV is about competition with current social media data companies, and big data in general. Or in other words: BSV is going against the modern day data hoarding pestilence that has all of us by our throats.

“In the next four years we are going to give you the foundation, so that there will never be a Twitter again. Ever. There won’t be a Facebook. We’re going to destroy their business model. This is why they hate me,” said Satoshi Nakamoto—pardon, I meant, said Dr. Craig Wright.

Craig Wright: We’re going to destroy their business model

New to BTC? Check out CoinGeek’s BTC for Beginners section, the ultimate resource guide to learn more about BTC—as originally envisioned by Satoshi Nakamoto—and blockchain.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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