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‘Satoshi Pretender’ Craig Wright Slams Bitcoin Cash in Vulgar Beatdown

Greg Thomson
Source: Shutterstock (i, iii), YouTube (ii). Image Edited by CCN.

By CCN Markets: The most recent claimant to the Bitcoin throne, Craig Wright, continued his campaign against cryptocurrency privacy this week. The Bitcoin SV frontman questioned the legality of coin mixers – tools which jumble transactions together for purposes of anonymity – and threw some less-than-good-natured barbs at competing crypto projects.

Wright’s latest in a long line of blog posts maintains the inflammatory and combustible tone he’s become known for. But when he’s not calling Bitcoin Cash (BCH) “B*tCHcoin”, Wright touches on a serious issue that looms large over the ongoing cryptocurrency experiment.

Bitcoin Pretender Craig Wright: BCH And BTC Promote Crime, Money Laundering

John McAfee tweet

Source: Twitter

Recently labeled the “Satoshi Pretender” by John McAfee, Craig Wright stated recently that he has no problem with what he regards as competing systems, such as Ethereum and Litecoin. Where he takes umbrage is when people try to pass off “his” invention as something that it’s not. According to Wright:

“When they do so to help facilitate the use of my invention to promote crime and money laundering, then I get really upset. Such is what people around both BTC and BCH are seeking. They seek to make the new version of a criminal money-laundering coin.”

In his latest post, Wright expounds on the legality of the CoinJoin – a privacy protocol which jams multiple Bitcoin transactions into a single transaction. This makes it harder to track whose money has been where, adding an element of anonymity to the currently pseudonymous Bitcoin.

A recent article by Coincenter.org takes the view that tools such as transaction mixers, and their developers, are not subject to U.S regulation. Neeraj Agrawal argues that FinCEN (Financial Crimes Enforcement Network) guidance suggests a clear difference between monetary and software laws. Agrawal writes that the FinCEN guidance:

Read the full story on CCN.com.