Craig Wright challenges Bitcoin governance model
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- Craig Wright criticised Bitcoin's governance model, arguing the base protocol should remain permanently fixed and unchanged.
- Wright claimed developers able to alter protocol rules hold excessive influence, while questioning the governance role of home nodes.
- A UK High Court ruled in 2024 that Wright is not Bitcoin creator Satoshi Nakamoto and had extensively forged documents.
Craig Wright criticised Bitcoin (CRYPTO) governance on 2 August, arguing its base protocol should remain permanently fixed to limit developer control.
Wright claimed developers able to change protocol rules hold excessive influence, while arguing innovation should occur at the application layer.
“Bitcoin was never supposed to depend upon trusting the correct developers,” said Bitcoin SV advocate Craig Wright.
Wright also argued home nodes without hash power cannot produce blocks, order transactions or force the broader Bitcoin network to follow them.
He claimed capacity limits have pushed users towards exchanges, custodians and payment channels, increasing reliance on centralised services.
A UK High Court ruled in 2024 that Wright is not Satoshi Nakamoto and found that he had extensively forged documents.
Debates over Bitcoin's scaling, protocol rigidity and the influence of developers, miners and users have continued for more than a decade.
At the time of reporting, Bitcoin price was $63,119.42.
