Analyzing Craig Wright's Inner Thoughts About Nick Szabo and Elon Musk

Craig Wright, Nick Szabo, and Elon Musk
Craig Wright, otherwise known as Faketoshi, is on a bad losing streak given his floundering lawsuits and a near all-time low BSV price. Recently, Mr. Wright did a wave of media interviews and one in particular stood out. In this particular January 2023 interview conducted by YouTuber CryptoRick, Wright unleashed ad hominem attacks on his enemies, especially Elon Musk and Nick Szabo. Let's explore more.

Throughout the interview, CryptoRick prodded Wright with investigatory questions about his supposed role as Satoshi, and naturally, Wright lied in every response.

Faketoshi's desperate plea for a Musk investment

As the interview went on, a particular question posed by CryptoRick about Elon Musk resulted in Wright ranting about Musk. What Mr Wright doesn't want you to know is that he actually begged Musk to invest in the BSV ecosystem more than a year ago in the above video.

In the August 2021 video, Wright explains that BSV is an environmentally sustainable blockchain and Elon Musk could potentially benefit from investing in the ecosystem.

He went from begging Musk to invest in BSV to childishly calling Elon Musk in the CryptoRick interview:

"another Silicon Valley sh*t steerer"

Of course, BSV is not Bitcoin, and the environmental sustainability comes at a significant cost, which is decentralization, unlike the real Bitcoin.

Naturally, Musk never responded to Wright, either because he knew Wright was a fraud, or he simply never even paid attention. Despite there being logical reasons behind Musk snubbing Wright, the reasons behind Wright's new hatred for Musk are more complicated than you may think.

Faketoshi, Elon Musk and Nick Szabo

Craig Wright likely does significant amounts of thinking involving the identity of the real Satoshi Nakamoto, since he's masqueraded as him for over 8 years. Based on the situation and his various statements, it's clear he realizes that Nick Szabo is the strongest candidate.

Through extensive research, I determined that Satoshi is in fact Mr Szabo, who invented smart contracts and Bitcoin's precursor, Bit gold.

Szabo is also famous for his excellent papers, "Trusted Third Parties are Security Holes" and "Shelling Out, the Origins of Money." Naturally, Szabo refers to Bit gold as Bitcoin's predecessor design. Simply put, Nick Szabo possesses an intellect that few will ever hope to achieve, especially Wright.

Nick Szabo calling Bit gold Bitcoin's predecessor

Importantly, Szabo asked for help coding Bit gold 6 months before the Bitcoin whitepaper in a blog post comment. And even more stunning, Szabo provided ways to improve Bit gold's design in the same comment section soon after, suggesting it would be a better version of Bit gold. He finished off the comment with an intriguing statement saying someone should implement this better version.

Nick Szabo suggesting how to improve Bit gold

In fact, he goes on say more about Bit gold's consensus mechanism, mentioning again how it doesn't eliminate trust fully:

Nick Szabo revealing Bit gold's security flaws

Satoshi appears to suggest in a remarkable forum post, that he had a previous digital cash design that hadn't eliminated trust fully enough to be successful on a mass scale:

"Since 2007.  At some point I became convinced there was a way to do this without any trust required at all and couldn't resist to keep thinking about it.  Much more of the work was designing than coding. Fortunately, so far all the issues raised have been things I previously considered and planned for."

Szabo indicates this same notion 6 months before the whitepaper:

"But the real question for beating bit gold is how do we do this without having to put full trust in third parties? If we can figure that out, we've come up with something better than bit gold."

As described in my extensive case analysis on Szabo and this earlier article, Elon Musk hinted that Satoshi is Szabo as well, stating in an interview with Lex Fridman:

"[Nick Szabo] seems to be the one more responsible for the ideas behind Bitcoin than anyone else."

InvestorPlace headline about Nick Szabo's background

This sparked numerous headlines such as this across the finance space. Musk isn't just any person, he's the CEO of SpaceX, Tesla, and now CTO of Twitter, which he purchased in 2022. Many people take immediate notice to what he says.

During the interview with CryptoRick, Wright called Szabo a "moron" (timestamp provided) and insisted that he plagiarized others in his work on smart contracts and Bit gold, a strikingly ironic notion. With great anger, Wright stated:

"[Szabo] said he's gonna create Bit gold one day and everyone takes his sh*t and believes it."

Craig Wright falsely discrediting Nick Szabo

Furthermore, in Twitter threads like the one above, Wright displays his outrage over people referring to Szabo as an "inventor." Note how Wright again falsely accuses Szabo of plagiarizing his research behind Bit gold and insists that Szabo was:

 "still playing with Bitcoin without even a code base in 2010"

This line suggests strongly that Wright is referring to the widespread evidentiary consensus of Satoshi Nakamoto being Szabo.

CoinGeek article about Elon Musk and Nick Szabo

Given the many headlines showing Musk's thoughts about Szabo, it's highly unlikely that Wright has not heard about Musk's statements. Also, BSV propaganda firm, CoinGeek, explored Musk's comments in a heavily biased piece saying that Szabo doesn't possess the skills to be Satoshi, which is again, a hilariously wrong notion.

Wright's current anger toward Elon Musk can be logically explained by his comments about Szabo and ignoring Wright's suggestions to invest in the BSV "ecosystem."

Bitcoin's privacy model: Satoshi vs Faketoshi

While the design contains core Bitcoin features, the privacy model that Nick Szabo chose for his Bit gold project was more similar to Monero than Bitcoin initially. Inspired by his former boss at Digicash, David Chaum, Szabo aimed to prioritize privacy over other features like the pBFT consensus protocol.

Szabo's initial sketch of Bit gold is definitively part of the "Chaumian Cash" era. But, it's clear that Szabo meticulously improved Bit gold's design all the way to 2008.

He was more motivated than anyone to achieve the first successful cryptocurrency, as shown in this largely unknown piece revised in 2005 that Szabo has shared few times:

"Bit gold, even more so than precious metals, will become a hedge and safe haven for preserving value in the face of credit and political exposures."

Szabo realized in an August 2007 blog post that cryptographer Daniel Nagy's privacy model of being transparent, while highly secure, censorship-resistant and easy to use, would likely be the most successful. Szabo's description is highly similar to Bitcoin's privacy approach, as opposed to Bit gold's initial 1998 sketch:

"Thus, the main advantage of Nagy's scheme, which may or may not make up for its reduced privacy features, comes from the ability to use it without having to install any extra software at all -- to just, for example, cut and paste the cash from an e-mail where you received it from one person to an e-mail where you pay it to another. Your word processor can be your wallet. If this is an important use-case, then Nagian cash may succeed where Chaumian cash failed."

Craig Wright lying about Bitcoin's privacy approach

Wright, as shown above, manipulates Bitcoin's privacy approach by saying the purpose is to be compliant with regulations, which couldn't be more false. Satoshi designed Bitcoin for ease of use, security, and to remove the need for any government involvement.

Bitcoin is objectively less private than other cryptocurrencies like Monero, but its censorship resistance is simply the best. Wright's thought process is that Bitcoin shouldn't be censorship resistant, which is what he did with BSV. This alone shows the drastic difference between Satoshi and Faketoshi.

This tweet by Nick Szabo summarizes Bitcoin's model flawlessly:

Nick Szabo summarizing Bitcoin's benefits


This article helps to draw a bigger picture of the significant differences between Satoshi and Faketoshi. Based on what was discussed in this article, Craig Wright appears to understand that Nick Szabo is the strongest Satoshi contender by far.

Ultimately, Wright is simply a sad scammer exploiting Satoshi's fame. His obvious anger towards Nick Szabo is derived from Elon Musk and the realization he's come to. He knows deep down he'll never be Satoshi.


* Disclaimer: This article is based on extensive research and the conclusions reached by the author are opinions, not established fact. Readers should evaluate independently.