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Craig Wright: "DeFi is a scam"


According Craig wright, DeFi it is illegal and a complete scam.

The self-proclaimed inventor of Bitcoin, during an interview at the Reimagine 2020 virtual conference, he explicitly stated that he believes DeFi schemes offering loans and stablecoins are "Illegal, unregistered and unlicensed".

Then, climbing, he went on to say that the creators of the DeFi projects they are scammers, that is, "criminal idiots who take money ".

Wright, however, did not limit himself to this. Over the course of the interview, he raised his voice, voiced a number of misconceptions, and even showed the middle finger.

Truth be told, it seemed more like a trivial show than a serious interview, even though it was about serious topics and answers that were absolutely not funny at all.

2020 is proving to be a not particularly lucky year for Wright, with several lawsuits filed against him that appear to be leaning towards his defeat in court.

It is possible that the so-called "Faketoshi" you have built up enough frustration over time, so much so that you are no longer able to contain it all.

For example, during the interview, he made several references to stablecoins in general, without distinguishing those anchored to fiat currencies from others, and forgetting that at least one of them, USD Coin issued by Coinbase, has all the necessary licenses to be able to circulate freely in regulated markets.

He called them all illegal and unlicensed, without making any distinction.

Also, regarding decentralized exchanges, he argued that none of them would exist yet, because all exchanges are still managed by a single person.

Finally, Wright argued that Bitcoin would not be a decentralized network, with each node performing the necessary operations to operate the network. In fact, according to Wright, nodes don't help the network, only miners do.

Considering that the cryptocurrency he created with other co-founders, Bitcoin Satoshi’s Vision (BSV), does not appear to be any different from the Bitcoin he supposedly created in 2008, it seems increasingly likely that Craig Wright was lying when he claimed to be the only Satoshi Nakamoto.

Furthermore, he continues to claim that he does, even after a judge has challenged his claim as he has not yet been able to prove it.

Despite everything, BSV continues to have a market value well above what it had at the time of entering the crypto markets, although below the peak reached in January 2020.

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