Bits and bytes are baffling top crypto figures following a claim made by the self-proclaimed creator of bitcoin, Craig Wright. He went on an attack of small miners through his Twitter recently and made several unbacked claims. The first tweet of the series read,
If a pool cannot mine a minor 32mb block (that a 56k modem could handle) and tries to hobble scaling to subsidise their failure, they deserve to be bankrupt.
This is capitalism. Scaling is happening in #BCH
Miners will just move pools, life goes on. pic.twitter.com/MY51GksjxI
— Dr Craig S Wright (@ProfFaustus) August 28, 2018
Wright continued his rant and at one point made the claim that a 32MB download by a 56k modem should only take 9.5 minutes. This statement caused a stir of its own as a number of crypto and tech experts started to chime in. First, professor Emin Gün Sirer of Cornell University responded to the claim, saying it would actually take 76 minutes by his calculation.
Ripple CTO David Schwartz then looked to check that math but found his own answer at 80 minutes. The inconsistencies come from a number of factors but no one else has come close to the 9.5 minute claim made by Wright.
Even ethereum founder Vitalik Buterin chimed into the argument at one point. His response though was not an answer to the math, but rather a comment on the system as a whole.
The other point here is that this thing where we measure file sizes in bytes and internet bandwidth in bits per second is stupid, and we ideally should just stick to one and be consistent. https://t.co/QlFfIJJqTd
— Vitalik Non-giver of Ether (@VitalikButerin) August 29, 2018
This point too started another argument on whether measurements should become standardized or not.
This is not the first unfounded claim made by Wright either. Earlier in the year he was being charged with plagiarism on his last academic publishing. Wright continues to appear over and over through his bold and often unfounded claims and this looks to be another one of them.