Craig Wright, the controversial figure who claims to be the founder of Bitcoin, has slammed MicroStrategy co-founder Michael Saylor, accusing him of distorting the essence of Bitcoin.
Wright's accusations come on the heels of Saylor's announcement that he wants to turn MicroStrategy into a Bitcoin (BTC) merchant bank.
In a scathing critique posted to I can’t.”
Wright specifically directed his anger at Saylor for “building so-called 'Bitcoin banks' that serve as the very roadblocks that Bitcoin was designed to eliminate.”
Saylor recently told analysts at Bernstein that MicroStrategy is a “Bitcoin financial company” and that his goal is to grow its Bitcoin holdings to $150 billion. The Tysons Corner, Virginia-based company is the world's largest corporate Bitcoin holder.
“This is not innovation,” Wright said. “This is a betrayal of the principles on which Bitcoin was built.” Read the full statement below.
Sailor vs. Wright
Wright's criticism comes as Saylor positions MicroStrategy as a major holder of BTC and a champion of Bitcoin as “digital gold.”
But Wright suggests that Saylor's strategy distorts Bitcoin's true purpose. He continues:
“Calling BTC ‘Bitcoin’ while simultaneously profiting from the very intermediary role that real Bitcoin rejects is the height of deception, and Thaler is attempting to build his empire through this misrepresentation. There is.”
This criticism reflects a broader debate currently underway within the crypto community about Bitcoin's true vision. Although Saylor is seen by many as a key figure in bringing institutional attention to BTC, Wright and others argue that BTC has strayed from Bitcoin's original goals, particularly regarding scalability and transaction fees. I am doing it.
Wright's accusations are sure to spark further debate as the rift between various factions in the Bitcoin community continues to deepen, particularly supporters of BTC and Bitcoin SV.
Bitcoin SV is a cryptocurrency born from the hard fork of Bitcoin Cash (BCH) in November 2018.
Saylor is an outspoken supporter of Bitcoin as a long-term investment, having purchased billions of dollars worth of BTC through MicroStrategy. He sees Bitcoin as a hedge against inflation and a store of value, similar to gold.
Meanwhile, Wright argues that Bitcoin is not intended to be a store of wealth.
Satoshi's claim
Wright himself is not without controversy. His claim that he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin, remains a topic of controversy and skepticism within the broader crypto community.
A new HBO documentary about Satoshi Nakamoto appears to have raised the possibility that Bitcoin developer Peter Todd is the cryptocurrency's creator.
Todd denied being Satoshi on X.com.
