Craig Wright explains how Bitcoin helps governments catch criminals

Bitcoin was designed as an immutable ledger of transaction, allowing perfect transparency for the world to verify transactions, and keep all accountable. Due to its private nature, some overlooked this purpose to instead see it as a digital currency divorced from government, untaxable and capable of illicit transactions. In his latest article, “Ledgers and Design,” Dr. Craig Wright sets them straight.

Wright begins by retelling the history of accounting, starting with the centuries old practice of ledgers in journals, and bringing it to the modern day with database solutions. The former was difficult to keep updated, and the latter was easily corrupted by those with ill-intent. He created Bitcoin to give the world the best of both worlds.  “As with Bitcoin, a paper-based journal was not updated by removing or reversing an entry, but by creating a new entry in the registry or journal, correcting the error that had occurred in the system,” he writes. “Such a change would be…