Opinion: Bram The Builder By Humble Farmer
Note the below is an opinion and does not necessarily reflect the opinion of PoolChia.com
Did he just smack talk Satoshi?! Blasphemy! Who does he think he is?!
A fair enough reaction considering the state of cryptocurrency these days. If you are new to Chia/Bram/Crypto/Cypherpunks you get a pass for having that reaction. However, once you understand more about Bram Cohen you’ll see why he makes the comments he does. You’ll also notice he is one of the only (known) people alive who can back up those comments.
Numerous theories have existed for years that 1) Bram Cohen is Satoshi Nakamoto or 2) Bram Cohen was closely involved and linked to the creation of Bitcoin.
Invented in 2001 by Bram Cohen, BitTorrent is one of the most common protocols for transferring large files; such as, digital video files containing TV shows and video clips, or digital audio files containing songs. In 2019, BitTorrent was a dominant file sharing protocol and generated a substantial amount of all Internet traffic, with 2.46% of downstream, and 27.58% of upstream traffic. This is the same Bram Cohen that is the CEO of Chia, Inc. and creator of BitTorrent.
Here is some background information to start with. Please feel free to do your own research past these links. They are a good start to understand why Chia is important yet different than so many other cryptocurrencies up to today, even including Bitcoin and Ethereum. Bram, the Chia Inc CEO, is someone who can build a cryptocurrency from ground up and fix/correct many of the mistakes of past iterations. Bram designed the incentives so that the creators of Chia, Inc. cash out with a public IPO instead of pumping and dumping coins. He built the coins to be deflationary yet still have a small but infinite supply. Bram created a coin that fixes past iterations of other crypto to truly bring a scalable, fast, and easy to use coin (eventually) for mass adoption.
Lastly and maybe least importantly, Bram built this in the US, following US regulations so that it eventually can be generally accepted by the public and other large institutional investors so that they finally convert to cryptocurrency. Even to this day, Bitcoin, which is the most successful crypto currency, is worth less than 10% of the market cap of gold. Crypto is still a small, fractional investment for large banks and exchanges. Bram is trying to build Chia so that it has the confidence of large institutions through the pre-farm yet is secure through the blockchain with Nakamoto consensus.