Bitcoin (BTC) is not effective payment system as it has ‘no utility and no use,’ Craig Wright says
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Craig Wright, the notorious Australian computer scientist claiming to be a Satoshi Nakamoto – the mysterious, pseudonymous inventor of Bitcoin (BTC) – came up with yet another anti-BTC tirade on Twitter.
Seven Bitcoin (BTC) narratives bashed by self-proclaimed Satoshi
Dr. Wright took to Twitter to comment on the discussion between Adam Back, prominent cypherpunk and Blockstream CSO, and Kurt Wuckert Jr., Bitcoin SV miner. He slammed the design of the largest cryptocurrency and stressed that it cannot be used in 2023.
Why?
The claim is that BTC will hit an all time high. Why?
Not use. Not utility. Not function.
Please explain why there is any reason outside a ponzi or pyramid scheme.
BTC is not an effective payment system. So, why? https://t.co/uk8He076Jy
— Dr Craig S Wright (@Dr_CSWright) January 17, 2023
CSW was triggered by Back’s forecast about the upcoming Bitcoin (BTC) price rally. He is sure that the Bitcoin (BTC) price upsurge can only be fueled by the logics of a Ponzi scheme since BTC has no usage or viable functionality as of today.
As a result, Bitcoin (BTC) fails to become an effective system for payments, CSW opines.
A commentator on his tweet shared the battle-tested list of Bitcoin (BTC) narratives that should explain its global…
