Craig Wright says “banks are not enemies”, gives insight on “Bitcoin economy” & more
The self-proclaimed inventor of Bitcoin, Craig Wright, in a recent interview shared his opinion on future of the crypto industry, mining rewards, and why he believes Metanet, developed by nChain, will take over the world.
In the recent interview with HiveEx.com and Finder co-founder Fred Schebesta, Wright stated that institutional adoption will be one of the first steps that is needed to reach a “bitcoin economy”.
According to Craig Wright, “We’re going to have to go through, as I said, the use of a commodity ledger. We’re going to have to get commodity value. We’re going to have tokenized money. So, with some of the platforms that are available now, in Bitcoin Cash, it enables us to have, well basically, a US dollar that is approved by banks. Not like Tether, but a real bank.”
Wright added, “The only way you have a true stablecoin is where you have a federal bank in the US or the Bank of England – or something like that – issue something. That will be one of the early stepping stones.”
Craig Wright on Metanet
Craig Wright and his team is working on Metanet. It is a project which is designed to power and integrate the internet via Bitcoin blockchain. It is to be built on Bitcoin SV (BSV). With Metanet, the team aims to power the internet and grow the global economy. Wright added, “Basically making something that is far more secure that allows people to take control of their own lives.”
And as far as banks are concerned, Wrights believes that they’re not the enemy. He said, “Banks aren’t the enemy that everybody seems to think they are. Banks have a role. The problem is where banks are honest or corrupt, or whether they’re debasing money – that sort of thing.”
Wright added, “But imagine a world where there’s enough transparency so that anyone can drop someone in and it can be traced back provably, where all those funds for people selling blood diamonds can be stopped.”
Image via Shutterstock