information with payments made by untraceable, digital money.
‘We all have a narcissistic hubris,’ Wright told me. He wanted to take May’s
BlackNet idea further. He was also enthusiastic, in those early days, about
Hashcash and B-money. The idea behind Hashcash, a ‘proof of work’
algorithm where each of a group of computers performs a small task that
can be instantly verified (thus making life impossible for spammers, who
depend on multiple emails going out with little to no work involved), was
‘totally necessary for the building of bitcoin’. (To simplify: it’s a bit like the
system used when registering on many web services, when you’re asked to
type a specified set of characters into a box. This is ‘proof of work’,
something a robot can’t do, and it authenticates the transaction.) Wright
said that he spoke to Adam Back, who proposed Hashcash in 1997, ‘a few
times in 2008, whilst setting up the first trials of the bitcoin protocol’.”
Craig Wright, a notoriously desperate rewriter of history in which he mingles
his Satoshi cosplay into all kinds of real life events — and creates numerous,
many times backdated, forgeries in the process — , is seen here mentioning
Tim May, who indeed originally came up with something called BlackNet in
the 1990s. Note that Craig Wright is completely wrong here with 1997
though, as Tim May’s BlackNet originated in 1993.
It is also well known that Craig Wright made, and still makes, many of these
timeline mistakes in his Faketoshi career. Now let’s explore all the
inconsistencies in Craig’s false and totally made up BlackNet story. Prepare
for a hefty read, as we’re going to do a deep dive into this subject over three
main angles, all more or less intertwined with the BlackNet lie.
1. Designing Bitcoin
2. Coding Bitcoin
3. Writing Bitcoin whitepaper
Will there be forgeries too? Y’all love forgeries, don’t you? Yes, there will be a
lot of yummy forgeries too. There’s never a Craig Wright story complete