News: What Can Bitcoin Do?

Indexed: 2026-05-21

[00:00:01]Hello, and welcome to our daily dose of Satoshi's news. Today's day is Thursday, the 21st of May, 2026. The year of green weeks and BSV teranode in the mix.

[00:00:10]Branch of one's expand your mind with Twetch at Di I. All your posts put on chain. All right, let's see what we got today. So, we're going to carry on with this article cuz it's getting juicy and loving now.

[00:00:20]We'll have a look at the figures, see what's up with what is going down. Look at these figures here. Look, we're almost at 7 million transactions. Always going up. Look, 6.8.

[00:00:28]6.85.

[00:00:30]Oh, yeah. Cross-reference that with what's on chain. That's It's showing it.

[00:00:34]And look at these attempts at price breakout on CoinSpot. Look at that.

[00:00:40]The green weeks we were talking about.

[00:00:42]However, they're they're not showing on uh OrangeX and Upbit, the trade volume is right down, you know.

[00:00:51]Um Huobi, the trade volume is right down, but I mean, it's still it's well, actually 15 million uh Australian dollars. So, you're talking, well, maybe sort of 8 8 million US dollars 24-hour turnover.

[00:01:05]And it's still huge compared to these others.

[00:01:08]Um but yeah.

[00:01:10]See what's going on. Got some 365 days of Bitcoin history, and then we'll finish with the Coin Shuffle countdown.

[00:01:15]Right, let's get into it.

[00:01:17]Craig is >> [music] >> Satoshi, like the cowboy and the whips.

[00:01:22]Riding on the blockchain [music] that they call the pyramid. 1 million strong, the transactions fly [music] free. He's acclaiming his legacy, you'll surely see.

[00:01:38]Here we go. Right, let's start off with this one then. So, let's see where we got to yesterday. We got to uh delisting of Bitcoin.

[00:01:48]There we go. I've added all these uh bits in. Right, so let's get on to this.

[00:01:51]What can Bitcoin do?

[00:01:53]The Bitcoin network is a completely commoditized network with no central point of authority or control.

[00:01:58]Therefore, the only way to access and use the network is through micro payments in Bitcoin. A micro payment is attached to every data upload, which is what incentivizes Bitcoin miners to process the upload in order to receive the payment in Bitcoin. This means the value of the Bitcoin token is derived from the utility of its network.

[00:02:16]The token allows access to its network via its use as a payment method. So, the more the network can do in terms of complex transactions, smart contracts, financial transactions, derivatives trading, stock market data records, tokenization of assets, storage of all forms of social media, video services, communication, streaming, music, email, conference calls, etc. Uh and the more volume capacity it has, the more valuable the token becomes.

[00:02:42]However, uh Blockstream are intent on restricting the use of this SegWit BTC network, meaning the less it can do, the more they'll make from charging for their own privately provided network access services, such as second-layer solutions.

[00:02:55]The limiting of BTC also opens up a market for other blockchain tokens offering creative remedies for other digital solutions. For everything that BTC can't do, there is another centrally controlled system and coin token promoting that it can.

[00:03:09]This has culminated [clears throat] in the creation of a $2.5 trillion cryptocurrency market industry with the entire market made up of economically worthless, illegal, unregistered security offerings, all developed on the premise that Bitcoin can't do anything.

[00:03:23]The fact is that Bitcoin can do everything the current internet can do, the current internet can do, but by many factors of times faster and more efficiently, and with the added bonus of not being susceptible to cybersecurity hacks or virus software, and not having any central point of failure, so data cannot be cracked, hacked, altered, changed, or deleted.

[00:03:42]Tokenization of assets, the assets can only ever be tokenized on a commoditized digital network because a commoditized digital network is the only way to secure data to there is no central point of authority control or failure.

[00:03:55]Therefore, true tokenization owner rights can only be granted on the genuine Bitcoin network since its protocol is the only way to ensure data integrity and show a probable chain of custody. With unbounded scale capacity, the Bitcoin network can tokenize anything and everything down to each and every last grain of sand on this earth, to the stars in the universe and beyond.

[00:04:16]The potential is unbounded.

[00:04:19]And then we just have this uh little video here of the uh the SEC chairman talking about how they want everything to go on chain potentially within 2 years. Have a listen. The markets, you know, are faster now and very dynamic, obviously, and they're global. And so that whole thing and now the next step is coming with digital assets and digitization, tokenization of the market. And that'll bring, I think, huge benefits to come with respect to decreasing risk and making things much more predictable and transparent on chain.

[00:04:55]The idea of tokenization and having investors own tokens of a larger blueprint of a company. Explain that to us. Where is this going and what is tokenization?

[00:05:09]Well, so tokenization is the idea of using then smart contracts or or you know, tokens on chain to be able to that represent say a underlying security. And so then that tokenized security is a security and would be subject to SEC rules by law. But the idea is that it's if it's on chain on a blockchain, then there's much more transparency as to where it is. So so tokenization has the benefit of potentially having instead of T+1 now trade date plus one for clearance and settlement.

[00:05:49]The prospect of maybe T0 in principle, the idea of on-chain delivery versus payment and receipt versus payment DVP RVP on-chain is a prospect of de-risking the markets, making them much more transparent and then sure as far as clearance and settlement because it's always that's the gap between clearance and settlement and then delivery and payment is the the real introduces risk into the system. Are the major banks in the brokers out there today moving increasingly toward tokenization?

[00:06:30]>> Absolutely and it's the the way the world will be you know here in the I mean maybe not even in 10 years, maybe even a lot less time, maybe a couple years from now. As far as cryptocurrencies and whatnot, there were really only two countries in the world here in the last few years that were working to make cryptocurrencies illegal and that was communist China and the US through the SEC. So that's changed, it's a new day now and so we want to embrace this new technology. We have we had a crypto task force which now renamed project crypto. I gave a speech a couple of three weeks ago about new taxonomy that we're going to be looking at.

[00:07:20]Wow, that's that's huge. That's huge. So now they're embracing the technology and he literally said the communist China and and the US through the Securities and Exchange Commission were the only two countries actively looking to ban crypto. That's changed. Now they want everything on the blockchain for transparency and settlement.

[00:07:41]Are they starting to realize if you can't beat them, join them?

[00:07:45]That's what it looks like, but what they haven't figured out is that there's only one global chain.

[00:07:50]As Satoshi Nakamoto said, everything is going to be on it because it's the only place where you you can have data integrity.

[00:07:57]You know, literally if they if they don't start using the BSV network, the genuine Bitcoin network, they are going to get left behind. And there's nothing that anyone can do about it.

[00:08:07]And so it sounds to me like those at the top are starting to think, "Actually, yeah, the rest of the people in the network, they can do one.

[00:08:13]Yeah, we we need to get off this sinking ship fast and just let the others sink with it." That's what it sounds like to me, but you know, just my opinion.

[00:08:23]A private medium. So I've said here, "The ability for people to communicate peer-to-peer with um uh will undoubtedly see the development of an entirely new industry. Rather than social media, the Bitcoin network will allow the development of private media where the where for the first time people can not only communicate privately, but also act in commerce in private without government overreaching to their private lives and affairs. This will create the ability for private trusts and associations to function correctly within their terms and conditions, be private when required and public if needed. Due to the chain of digital signatures, the people's private affairs that cause no harm, injury, or loss will be ignored. Whereas it will shine a light on any social socially destructive behavior and provide the tools to quickly stamp out undesirable activities such as child trafficking et al." And I quote here, "On a system like the Bitcoin network, people will not be interested in what others do in their private lives. They will only be interested in criminal activity that is having a detrimental effect on everyone's lives."

[00:09:21]That's how it works. Everybody will just be conducting themselves in private. No big brother overreach.

[00:09:27]And big big brother needs to get back in its box where it belongs as public servants rather than this all-seeing eye that's trying to were enslave everybody.

[00:09:37]Uh so next, how Bitcoin was built.

[00:09:40]Satoshi Nakamoto officially released the publicized version of the Bitcoin white paper on 31st of October, 2008 to provide a common opportunity for anyone and everyone to start the network themselves. All the information anyone needed to start the network was in the white paper itself.

[00:09:56]After providing the common opportunity, Satoshi Nakamoto then started the network himself on 3rd of January, 2009 under pseudonym.

[00:10:03]He is confirmed to have mined at least the first 70 Bitcoin blocks before Hal Finney downloaded the Bitcoin software and joined the network. Hal confirmed in a statement on March 19th, 2013. He said, "I mined block 70-something."

[00:10:17]Satoshi initially designed Bitcoin with a memory pool that was more than capable of absorbing all the world's financial transactions. If the global financial services industry had integrity about its mission to provide genuine financial services to the world, it should have recognized and adopted the technology for the use of all its digital financial transactions. The fact that they didn't and and instead attempted to restrict the use of its technology speaks volumes.

[00:10:41]The neutral organic growth phase of the Bitcoin network was scheduled to come to an end on January 1st, 2020 when the 1,100,111 Bitcoin that Satoshi placed in a trust registered in the Seychelles on June 9th, 2011 was scheduled to be returned to him to prove his true identity.

[00:10:59]That It was only after these coins had been returned that he could set about scaling the Bitcoin network to absorb all the world's internet traffic. This has been done by doing away with the scaling restrictions of a memory pool designed and memory pool and creating subtrees a subtree structure using overlays for indexing. A subtree structure enables multiple data transactions to be uploaded and recorded simultaneously at the same time rather than a single file that was previously previously designed with the use of the memory pool. A block is still created every 10 minutes. It's just the volume capacity and data processing speeds of the network are now of an unbounded nature.

[00:11:38]TeraNode, the unbounded scaling problem or horizontal scaling problem is an issue that plagues the entire tech industry.

[00:11:44]The problem is in relation to scaling a software program to deal with the capacity of its users.

[00:11:49]Vertical scaling is where resources are allocated to new and improved more costly technology that can simply handle more volume more volume capacity. But this is limited to advances in technology. The cost to scale vertically increases exponentially once requirements get to the level of requiring, for example, a supercomputer.

[00:12:08]The unbounded horizontal scaling method involves replicating software onto new devices and adding new machines when required as the user base of the software program grows.

[00:12:18]The problem with this method is that every time software is replicated, the duplicate is not quite as perfect as the previous one, which again causes limitations. This is why there are there has been no software program capable of processing more than 50 to 60,000 transactions per second and also explains why the world's financial system doesn't have a one-world currency at the moment, because there is no software program that could process the volume of transactions that would be required for such a technology.

[00:12:46]However, the Bitcoin scaling technology TeraNode, a node that can process terabytes of data, has solved this unbounded scaling problem by developing new software in combination with a proof-of-work consensus mechanism.

[00:12:58]Bitcoin miners are economically incentivized to keep pace with advances in technology and continually continually upgrade their payment processing operations to make them even more efficient.

[00:13:09]Quoting, "Uh Bitcoin is the foundation layer of all future digital technology secured and underpinned by economic principles."

[00:13:16]Satoshi, June 9th, 2022.

[00:13:19]Results {stroke} potential solutions.

[00:13:22]"You will not find a solution to a political problem in cryptography." And that was Satoshi Nakamoto on November 6th, 2008.

[00:13:29]Although the above statement is true, because cryptography is simply about hiding information behind layers of magnitude, you will find a solution to political problems within economics.

[00:13:38]By using a memory by using a money that is fixed in supply, a criminal element in society will not be able to enrich itself at the expense of others, and also not be able to apply to and not be able to simply bribe whoever they choose. Without the ability to create any fiat economic power from nothing, value would have to be earned. This point also means that all wars stop, because they become expensive and extremely costly, as opposed to profitable. It would be impossible to return stroke recoup more of something that is fixed in supply after it been distributed as a method of a payment to finance a war.

[00:14:13]If economic power is being used for nefarious purposes, as unlimited power usually is, because absolute power corrupts absolutely, then the inflated economically toxic medium of exchange would start to flow into the economically positive medium of exchange, thereby enabling a transfer of economic power. If this new economy ran on the demand for data integrity, it means that politicians can be held accountable and shown to be either provably honest or not.

[00:14:38]Judges and other people in positions of authority and power can also be held accountable in the same way, since the data they produce can be verified. It will show, prove, and verify corruption and trace any chain of command back to its source, which will root out corruption that is attempting to hide behind corporate veils and opaque facades.

[00:14:56]Mechanisms such as voting would not be able to be tampered with, along with records recorded results of things such as medical trials. New media would also not news media would also not be able to be censored and could be shown to be either provably true or false.

[00:15:12]Altogether, the positive benefits to society are limitless, as people will start acting in consideration to one another's best interest, rather than their own.

[00:15:21]The central bankers can either choose to remain in their own toxic economy, which will shrink to zero, or they can join the Bitcoin economy that grows continuously.

[00:15:30]When they do enter the Bitcoin economy, they will be forced to act with honesty and integrity because their actions are permanently recorded on a common private ledger. They will be forced to adapt and eventually have to issue their own fiat currency on the Bitcoin network. This is unless we the people get in there first and start to issue usury-free credit notes like the Bradbury pound or credit notes for labor in the same way Hitler did to turn the German economy around after World War I.

[00:15:54]Two successful stablecoin projects already live on the genuine Bitcoin network are USD stablecoin money and South Korean stablecoin the Korean one queue.

[00:16:06]Ultimately, the trans transition to a genuine Bitcoin economy takes everyone into the private out from under the control of totalitarian regimes and into an economically positive economy.

[00:16:16]Stroke here, people quote here, people flood into the positive Bitcoin economy to escape the negative effects of the central bank-controlled fiat economy.

[00:16:24]Therefore, the central bankers will not have to agree to get out of the way.

[00:16:27]People will push them out of the way.

[00:16:30]In other words, we've using this positive economy cuz to escape the detrimental effects of your negative one.

[00:16:36]People will unite due to economic incentive. The current woke narrative is diversity is our strength, but in reality, united we stand, divided we fall. And in order to create division in society, diversity must first of all be encouraged.

[00:16:50]In western societal structure, the law is impotent without political will.

[00:16:53]Political will is ineffective without economic power, and economic power requires the law for it to be maintained. So, all three complement one another. However, all legal and political influence stem from economic power, which means if the financial system is corrupt, everything is corrupt. So, the solution to unite the people in a So, the solution is to unite the people in a positive economy. In other words, fix the money, fix everything.

[00:17:17]Quote here, we either have a common money used by the people to create government that works for the people or government will create currency to control the people. These are the only options available to us."

[00:17:28]Satoshi, February 4th, 2023.

[00:17:31]The Toshi test can be used to determine a digital commodity.

[00:17:35]Any digital token that fails to match all of the following seven criteria is a security.

[00:17:40]So, one, a common starting point, a reasonable amount of time and opportunity provided for anyone and everyone to start the network.

[00:17:46]Common stroke neutral organic growth uh without a central point of influence, uh economic competition resulting in a common entry and exit to compete with the network.

[00:17:56]Four, common accountability, a chain of digital signatures. Five, unbounded scale, so limitations and restrictions cannot be manufactured and the network not be manipulated. Six, an economically uh competitive for extracted fixed token supply, so it cannot be either inflated or deflated and therefore no one controls it. And seven, a locked protocol, so no one can change it and no one controls it. In brief, the above points can be summarized by asking these seven questions. Is there a common starting point? Common growth, economic competition, common accountability, unbounded scale, fixed supply, and a locked protocol.

[00:18:30]Data can only be commoditized one way.

[00:18:32]Therefore, there will only be one digital commodity. Currently, the only digital protocol that fulfills the requirements for the Toshi test is the original protocol and genuine Bitcoin.

[00:18:42]As Satoshi Nakamoto said, "It is strictly necessary that the longest chain is always considered the valid one." Satoshi Nakamoto, November 9th, 2008.

[00:18:51]The longest chain is the chain with the most accumulated data on it. Because data is uploaded via transactions, the chain with the largest amount of data on it would by default also be the chain with the most transactions recorded on it. This makes it the longest chain by measurement in transaction count.

[00:19:07]Since data can only be commoditized one way, there will only be one chain worth using for data storage. All of the chain networks have a central point of control built into them and are therefore vulnerable. To see which chain is currently in use the most, click the link and search for the pie chart representing transactions last 24 hours.

[00:19:26]We know where this goes.

[00:19:29]Oh, look at that. We're now at 7 million just while we've been broadcasting. 7 million is crazy. Crazy.

[00:19:37]And uh compare the market price and value of each coin here. This takes us to a live coin watch. There we go. So you can see oh BTC 76,000, but where's BSV?

[00:19:48]$14. Like, what? And yet BSV has got 7 million transactions.

[00:19:53]Something doesn't add up there.

[00:19:55]Hopefully somebody with a bit of common sense might realize that.

[00:19:59]Uh so yeah, there we go. That's the end of the article. So appendix A is uh historical comments and consequences concerning money and central banks by notable people. So uh what they said and whether or not they were assassinated. A lot of them were. They're all in there.

[00:20:14]Then we've got appendix B, how we know Adam Back is not Satoshi Nakamoto. How we know Wei Dai is not Satoshi Nakamoto.

[00:20:20]How we know Nick Szabo is not Satoshi Nakamoto. How we know Hal Finney is not Satoshi Nakamoto. How we know Len Sassaman is not Satoshi Nakamoto. And then finally finding Craig Wright derangement syndrome. That's right.

[00:20:32]There we go. That's the end of the article. Well, hope you uh hope you all enjoyed that.

[00:20:37]Uh let's have a look at the figures then.

[00:20:40]Look at this. 7 million transactions.

[00:20:42]That was I think it was like 6.3 this morning. Now we're at 7.

[00:20:47]Uh it'll be interesting to see uh see how much this accelerates now that Terranode is uh being used and um and all the uh op return all all [clears throat] the op returns uh through the uh Chronicles activation [clears throat] um have now been um enabled.

[00:21:10]Loving that. Loving that.

[00:21:13]Yep, 7.1 million transactions now. Whoa.

[00:21:17]>> [clears throat] >> And look at this. This is CoinSpot. Look at these price breakouts. Look.

[00:21:21]That's like uh today are they are large uh purchase quantities there.

[00:21:26]Um and then showing price suppression as it as it comes back down.

[00:21:31]Fascinating.

[00:21:33]Fascinating. Look, they wanted to $25.

[00:21:37]So, $25 uh is uh what I'm saying, $12, 12 US.

[00:21:46]12 13 US dollars.

[00:21:49]Mm.

[00:21:51]Interesting.

[00:21:53]Uh Oranjex, so just watching the price trending sideways. Tell you what, we'll just have a look at DXS, uh compare the two.

[00:22:01]See what's been going on.

[00:22:04]Here we go.

[00:22:07]Uh Bitcoin Oh, right. Bitcoin versus Great Coin, so again, just been artificially suppressed there. Let's have a look at Great Coin. Oof. That's taken a nosedive there.

[00:22:18]Let's have a look at Bitcoin versus USD, similar to uh Bitcoin versus Great Coin there. Mm.

[00:22:29]Um I'll bet the Korean exchange. Look at that. So, 24-hour trade volume. I mean, this used to be in the millions. Now, it's just a 244,000.

[00:22:36]Nothing there. But, I mean, the transaction volumes are flying though.

[00:22:41]Amazing.

[00:22:49]Yeah.

[00:22:51]And then we got Huobi here. So, all USD volume, so 2.4 million dollars.

[00:22:55]US dollars over 24 hours. Mm.

[00:22:59]Right. So, uh 21st of May. So, uh do you remember the we mentioned yesterday the Bitcoin uh, New York agreement? This is all about SegWit.

[00:23:07]Fully Crypto did a good article on here.

[00:23:10]So, uh, reading time 5 minutes, so we won't do that.

[00:23:13]But, the too long, didn't read uh, the Bitcoin New York agreement was a memorandum of understanding signed by 58 Bitcoin companies and aimed at solving Bitcoin's scaling issues when it didn't really have any. The meeting to thrash out the detail of the uh, agreement was held ahead of the 2017 Consensus conference.

[00:23:30]The agreement was supposed to raise a Bitcoin's block size to 2 megabytes, but it was a dead within 6 months. Yeah, funny that. Yeah, refused to uh, even though they agreed it, they just like, yeah, actually it's not going to happen.

[00:23:41]So, I suggest the outcome was already predetermined if you ask me.

[00:23:46]You know?

[00:23:48]Um, May 21st, 2019. Look, the US Copyright Office.

[00:23:53]Craig [clears throat] Wright authored the Bitcoin white paper and it's Satoshi Nakamoto. Look, uh, the US uh, Copyright Office grants Craig Wright copyright of the original Bitcoin white paper.

[00:24:02]Here we go.

[00:24:04]>> [clears throat] >> US Copyright Office, Craig Wright authored Bitcoin white paper and it's Satoshi Nakamoto.

[00:24:10]And he's still got that copyright.

[00:24:12]Again, completely overlooked in the Kleiman case.

[00:24:15]But, that's that's what he's got. Look, there it is.

[00:24:19]Craig Steven Wright, copyright of the Bitcoin white paper.

[00:24:24]Fascinating.

[00:24:29]There we go.

[00:24:33]What an amazing story this is.

[00:24:37]So, we are now day 245 of the Kleiman countdown on the 21st of May. When's it going to finish? You're going to have to stay tuned to find out. It's going to be epic. So, until then, be aware, take care, stay safe out there, and we'll see you in the next one.

[00:24:48]I understand. Do you? Do you? This is it.

[00:24:53]I'm telling you, this is it. THE KING STILL OH, ONE MORE MOVE.

[00:25:03]>> [music] >> AND LIKE, THEY they are not conducting the financial action, basically. Right? They're just updating the book. Other people are are applying the or basically