Fake Bitcoin creator wants to turn cryptocurrency into a global financial system

Craig Wright, the Australian computer scientist who claims to be the creator of Bitcoin BTC $99,301.61 Bitcoin 1.33% Market capitalization $1.96 trillion VOL. 24 hours $4.74 billion , has introduced a new scaling solution that is set to transform the market leader into a global financial system. In a recent post on the X platform, Wright described his vision of Bitcoin as an international tool for everyday transactions, shifting the focus away from the cryptocurrency’s speculative value.

The technology, dubbed TerraNode, has been under development by Wright’s team for 15 years and, according to him, could be completed within the next decade. TerraNode is designed to remove scalability restrictions by solving the problem of high fees and delays. This should make BTC transactions more convenient and affordable for users around the world.

Wright believes that removing barriers such as high fees and complex regulatory requirements will allow bitcoin to move from being a speculative asset to a reliable means of payment. He also emphasizes the potential of cryptocurrencies to connect people who do not have access to traditional financial systems to the global economy.

Wright’s main mission is to give people control over their finances and the ability to trade freely without the approval of financial institutions. He is «committed to creating a Bitcoin network that promotes personal financial independence.»

It is worth noting that this statement was made in the context of Wright' s lawsuits, including the recent £911 billion lawsuit against the main BTC developers and Square.

As a reminder, the legal proceedings surrounding Wright began several years ago, when he first claimed to be the inventor of bitcoin. Сатоші Накамото" href="https://noworries.news/biography/satoshi-nakamoto/" data-bio-id="4232">Numerous hearings were held in different jurisdictions, including the UK and the US, during which Wright tried to prove his right to the title of Satoshi Nakamoto. However, he failed to provide convincing evidence, such as access to the original bitcoin wallets or signing messages using keys known only to the real Nakamoto.