Wright Slams Bitcoin Governance Model as 'Control by Developers'
Craig Wright, self-proclaimed Satoshi Nakamoto, has resurfaced with criticism of Bitcoin's governance model. He argues that the base protocol should remain permanently fixed to prevent control by developers.
According to Wright, this principle defines genuine decentralization and ensures a level playing field for businesses. He claims that stable rules would allow innovation to flourish at the application layer, rather than being hindered by potential future upgrades.
Wright also challenged the popular narrative around running a full node, stating that it does not govern the network. He claimed that node operation only verifies data for its owner and does not grant sovereignty or independence.
The critique arrives with substantial baggage, however. A UK High Court ruled in 2024 that Wright is not Satoshi Nakamoto and had forged documents extensively. This ruling undermines his authority within the industry.