CoinDesk recently wrote a piece on Bitcoin SV’s in development digital asset recovery tool, comparing and contrasting it to the “Killswitch” Satoshi may have been describing in 2010. This post is a short response that summarizes and addresses 5 main points.
How We are Trading the Seventy Billion Dollar Lawsuit over Satoshi's Bitcoins
A Florida civil suit over the $70+ billion Satoshi fortune starting November 1st could lead to broad market awareness that Dr. Craig Wright is Satoshi Nakamoto. This could have significant short term price impacts on Bitcoin Satoshi Vision (BSV), a version of Bitcoin which Craig Wright is heavily associated with and endorses as “the real Bitcoin”.
BSV Entrepreneurship Requires Patience and Urgency
For BSV entrepreneurs who anticipate a massive influx of funding and users in the near future, going as fast as possible is disincentivized and releasing products which reveal a previously unknown competitive advantage is also disincentivized. However, this is also the time where those who saw the potential early can gain their largest lead on future well-funded competitors.