SBI exchange to drop Bitcoin Cash due to dwindling market cap

SBI exchange to drop Bitcoin Cash due to dwindling market cap

Japanese cryptocurrency exchange SBI Virtual Currencies is removing Bitcoin Cash (BCH) from its list of supported coins. The company explains in a press release (in pdf) dated today that it made the decision after watching BCH’s market cap continue to dwindle, which would ultimately make the blockchain susceptible to a 51% attack. According to the release, BCH will officially be removed at the end of this month. 

In explaining the move in relation to the market cap, SBI asserts, “This material is not part of the rules for the management system of virtual currency related information of Japan Virtual Currency Exchange Business Association.”

It adds that any potential hard forks of BCH – of which there will be several – could have a negative impact on the exchange. A little of this was seen in last year’s BCH hard fork that saw the creation of BCHABC and the continuation of Bitcoin through Bitcoin SV (BSV).

Anyone holding BCH through SBI can sell their coins by the end of this month. By the end of May, any coins remaining will be delivered to a CooXWallet, which will act as a “customer-managed designated hardware wallet.”

All BCH transaction are now “suspended,” but custody sale transactions are still authorized. SBI will provide more details about the permanent removal of BCH later this month. 

While SBI lays out the reasons for the delisting, some in the crypto community believe there is a darker, more nefarious reason. The announcement comes shortly after Binance announced that it would be delisting BSV over the assertion by Dr. Craig Wright, nChain’s Chief Scientist, that he is Satoshi Nakamoto. Because SBI and nChain have a tight relationship, some assert that SBI’s move is in retaliation to Binance’s decision. 

The continued in-fighting that has been going on in the Bitcoin community, and the cyberbullying against Wright, are indications of the immaturity that is still prevalent in the crypto space. That immaturity was at the heart of the BCH hash wars last year and the crypto community is now witnessing the outcome of the continued childish behavior.

Crypto market daily report – June 3, 2019

Crypto market daily report – April 16, 2019

After starting the week on a rather positive note, the cryptocurrency market fell substantially on Tuesday morning with most coins down by considerable margins although there were some exceptions. Bitcoin SV (BSV) was down by no less than 22% to the $57 level whilst Bitcoin Core (BTC), which rose to $5,150 on Monday, dropped to below the $5,000 level in the evening but rose again to around $5,050 at press time on Tuesday. BCHABC was the only coin to increase in value and was trading at around $312 at press time on Tuesday.

Other larger cryptocurrencies by market cap also saw a general decrease in their prices. Ethereum (ETH) was down by 3% to the $162 level, whilst Litecoin (LTC) was down by 6% to the $78 level on relatively low turnover. EOS was down by 4% to the $5.35 mark although it seemed to be holding well against further drops. Ripple (XRP) was down by a further 3% to the $0.3195 level and has been stuck in the $0.30 to $0.34 level for several months now. NEO was down by a further 5% to sink well below the $11 mark. Cardano (ADA) was also down by around 3% to the $0.081 level, whilst Stellar (XLM) dropped by 5% to the $0.1125 mark.

Smaller market cap coins also suffered considerably with IOST dropping by a further 9% to the $0.012 level. IOTA was down by 2% to the $0.306 mark, whilst Ethereum Classic (ETC) dropped by around 4% to the $6.17 level. ICX and VET were down by 3%, whilst the only bright spark in this sea of red was NULS which saw an increase of around 3.5% to the $0.876 level. TRON, BTT and BNB were also down from around 6% to 1% overall.

Binance decision to delist Bitcoin SV could violate laws, possibly lead to delisting

Binance decision to delist Bitcoin SV could violate laws, possibly lead to regulatory action

The CEO of the Binance cryptocurrency exchange, Zhao Changpeng, recently stated that he would delist Bitcoin SV (BSV) over the assertions by Dr. Craig Wright that he is Satoshi Nakamoto. This has already caused at least one individual to strike back, asserting that Binance is guilty of volume manipulation and should be banned from Russia. However, things could get seriously worse for the exchange if it decides to follow through with its announcement to delist BSV, as it could be a violation of digital asset regulations that govern exchanges and laws against market manipulation in any jurisdictions where Binance is regulated or operates.

According to an announcement by Binance, it has stated that it will delist BSV as of April 22. The company provides a list of reasons why a particular asset could be delisted, but notably does not identify which reason(s) it claims as the supposed basis for delisting BSV (other than its CEO’s personal dislike of Craig Wright). It will have a difficult time proving any of those reasons apply to BSV, given that CZ, as Changpeng is called, has publicly stated that he is removing the asset from Binance because of Wright’s claims to be Satoshi Nakamoto. CZ said in a tweet on April 11, “Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”

The fact that Binance can take such a childish attitude shows that it is not a legitimate company that can be trusted with users’ assets. The exchange, and in particular CZ, has the ability to completely alter the markets on a whim, which would violate laws in jurisdictions around the world. It is also showing that it is willing to abrogate its responsibilities and role as an industry leader and, as such, can’t be trusted. For all the Bitcoin enthusiasts who believe in a digital currency where no one should be in charge or control the system, Binance’s action should be especially alarming.

Founder and owner of CoinGeek.com, Calvin Ayre, commented: “This decision will certainly be reported to regulators in Malta and other governing jurisdictions as this is surely a case of people in trusted positions abusing that trust and playing God with which token gets the most volume and market access. In essence, market manipulation.

The decision to delist Bitcoin SV seems to be based on the fact that they don’t like one scientist that works on the platform. Craig doesn’t own BSV, not does anybody, so this appears to be very unprofessional. An exchange should just want volume of trading not picking which horses it wants to win the race and, as a result, smells of fear and manipulation.”

Fortunately, there are almost 70 other exchanges which list BSV. And another new BSV-based exchange, which understands the importance of responsibility and financial maturity, is using this opportunity to launch early and capture business from Binance. Float SV is a new exchange that is being launched for only tokenized real assets. It is advancing its launch timetable due to the potential illegal acts by Binance and announced on Twitter today that it is moving up its launch to April 19 (before Binance delists BSV on April 22). Its website isn’t ready to be shown to the world, but enthusiasts can follow the company’s progress through its Twitter feed. Currently, according to the feed, “I am an exchange for tokenized real assets. I will look like @OKEx but will make every effort to evolve. #bsv.”

A Medium post on the exchange states, “Float SV will deliver a real asset exchange experience by committing to only list blockchains running Proof of Work SHA256 and real assets such as commodities and currencies. Float SV will not list native tokens of other blockchains nor securities or STOs. A portion of Float exchange revenues will be reinvested into Proof of Work.”

Furthermore, Binance may be suffering additional loss of business due to its CEO having personal animus against Craig Wright. In response to CZ’s first tweet threatening to delist BSV, Twitter account @BitcoinBehemoth posted that “All the BSV miners in our group (150 or so) have moved their funds which make almost quarter of Binance’s total yearly earnings, away from this bucket shop. Happy bankruptcy @cz_binance.” If that is true, Binance is already losing a significant amount of its total yearly earnings.

Exchanges have the legal and moral responsibility to act fairly and neutrally with respect to the assets on their marketplace, and also to conduct operations in accordance with rules and laws of their governing jurisdictions. Falling short of these standards, regardless of the reason, is a testament to the lack of ethical fortitude of the endeavor and, where great amounts of money are concerned, this is a very disconcerting proposition.

Dr. Craig Wright: Bitcoin is built for accountability

Dr. Craig Wright: Bitcoin is built for accountability

The conversation about the true original vision of Bitcoin often turns to who had the original vision, and who has scammed the public. Dr. Craig Wright, chief scientist of nChain, has proven to CoinGeek that he is, without a doubt, the main architect of Bitcoin and the man who conceived and used the pseudonymous name of Satoshi Nakamoto, has once again taken to Medium, this time covering the patents that now make up Bitcoin, and what the real scammers have done to deceive the world.

In his post titled “Patent Wars…,” Wright dives into Blockstream, the developers of Bitcoin Core (BTC). With the two patents they’ve filed, they’ve merely attempted to accomplish anonymous transactions, and to shift them to a sidechain that can be cleared periodically. He compares this to his own work on Bitcoin, now reborn as Bitcoin SV (BSV), where he “has already got 16 patents that have been granted, 700 patents that have been published, and a total at present of 1278 patent families in progress.”

What do those two patents accomplish for Blockstream? He sees their effort as merely that of a company trying to help criminals, while he works to create a Bitcoin that can sustain global commerce, and the call him a scammer for it. He says:

“So, as those dedicated to bringing a world of anarchy, drugs, and illicit material fight to defame me, I work faster, more thoroughly, and far more effectively individually than all of them combined, and that’s before I add my team which makes me more efficient and far more effective.”

Going back to the birth of Bitcoin, Wright had accounting in mind, and that’s an essential feature of what the Bitcoin blockchain provides. Rather than hide transactions, thus helping illicit activity, he wanted to make something honest. “[Bitcoin] helps create an honest marketplace,” he writes. “It reduces corporate fraud, tax fraud, and general account fraud. It was created to make an honest system.”

While he continues to work on Bitcoin, Blockstream is working on a dead-end project. Anonymous transactions can be banned easily, making BTC and its sidechains useless. He concludes:

“I’m not going away - which is unfortunate for them.

We are here to create a global financial system. One that is more effective and more efficient than anything people can imagine and that needs to work within the existing legal framework if it is to succeed. (…) Those who want global financial freedom will understand that Bitcoin needs to work within the law.”

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

A month after leaving his job at Circle to fulfill the vision he sees for Bitcoin, Jack Liu is back—with a new superwallet and a cryptocurrency exchange based on Bitcoin SV (BSV).

Liu announced over the weekend that he has teamed up with cryptocurrency exchange OKEx to roll out Float SV, a BSV exchange built on top of OKEx’s white-label solution OKNodes Program. On Twitter, Liu explained: “#FloatSV will resemble @OKEx interface at first, but over time, we will introduce many UX experiences.

The Float SV exchange will launch in April, but Liu noted, “…the exact timing will be adjusted forward if any major exchange delists Bitcoin (SV).”

Promising “real asset exchange experience,” Float SV will only list blockchains that runs Proof of Work SHA-256 and real assets such as commodities and currencies. This means no native tokens, no securities, and no security token offerings (STOs) on the platform. Part of Float SV’s exchange revenues will be reinvested into PoW, according to Liu.

This partnership with OKEx, according to Liu, brings his career to full circle. Liu, who previously served as chief strategy officer at OKEx, now returns as a partner and will leverage the crypto exchange giant’s technology as he works to bring “his own taste and values to the surface.”

“I have learned more from Star [Xu] than can be explained, and it is great to be back leveraging OK’s trusted and scalable exchange infrastructure with which I am very familiar with. Float SV can count on OK’s track record of being a neutral technology platform,” Liu wrote in a Medium post. Star Xu is the founder and chief executive of OK Group.

The announcement comes on the heels of the beta launch of Liu’s non-custodial wallet, RelayX, last April 1 in Argentina. Coined a “the world’s first mobile Superwallet,” RelayX promises to deliver a seamless payment experience around the world by supporting interoperable sends and receives over WeChat Pay, Alipay, and Kakao pay, with Line Pay and more to follow. The company explained:

“RelayX users will be able to spend their local currency denominated Bitcoin (SV) balance over Alipay and WeChat by simply scanning the receive QR Codes. Relay’s network of earners will process payments similar to how miners process transactions.”

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

Cross-platform transactions are limited to $100 during the beta launch period, with no fees involved. Since its launch, RelayX said it has already processed more than 500 on-chain transactions, including more than 200 cross-platform transactions. The company has also partnered with South Korean blockchain giant Coinplug, which will provide localized support allowing RelayX to connect with the Korean market.

RelayX is available today in beta on Android.

Crypto market daily report – June 11, 2019

Crypto market daily report – April 15, 2019

The cryptocurrency markets saw a considerable rise on Monday morning at press time as several of the most important coins registered substantial increases across the board. Bitcoin Core (BTC) was up by some 2% to trade at the $5,150 level at press time after having settled at around the $5,000 level for most of the weekend. Ethereum (ETH) was also up by around 4% to trade at the $168 mark as the currency began to pick up speed once again having fallen quite close to the $160 mark over the past 48 hours.

Other cryptocurrencies with larger market caps also registered considerable increases. EOS was up by a considerable 6% to trade at the $5.55 mark on Monday at press time, whilst BCHABC rose by around 9% to touch the $300 level again. Litecoin (LTC) registered a similar rise of around 8% to jump over the $82 level and was trading at around $83 at press time on Monday. Ripple (XRP) was the only currency to register a relatively small movement and was up by just around 2% to the $0.33 level. Cardano (ADA) was up by a relatively conservative 4% to the $0.084 level with NEO registering almost exactly the same movement to trade at the $11.22 level at press time.

Bitcoin SV (BSV) was also up by 4% to jump over the $70 level and was trading at around the $72 level at press time. Stellar (XLM) was also up by around 4.5% to the $0.118 mark.

Currencies with smaller market caps also registered increases with Ethereum Classic (ETC) moving up by around 4% to the $6.50 level. WAVES, HOT and IOST registered substantial increases ranging from the 5% to the 8% levels, with VET and QTUM registering the same level of increases as the bigger market cap currencies with around 4% rises on average. IOTA, DASH and ZIL were also up by around 3% and 8% respectively.

The Bitcoin Vision: Episode 9

The Bitcoin Vision: Episode 9

Founding President of the Bitcoin Association Jimmy Nguyen is back on the road again, and this week, he’s updating us on the latest developments in the Bitcoin SV (BSV) ecosystem from Jamaica. The Caribbean island nation was an appropriate place to talk about the Bitcoin Vision, given that Nguyen was in the area for an event called the Visionary Summit, in which he shared the story of BSV, and how it is truly restoring the Satoshi Vision for Bitcoin, with leaders in private enterprise, government and academia.

The BSV ecosystem remains abuzz with the business of scaling. After all, it was only recently that the network saw its record-breaking blocks: On March 28, 113MB block were mined on BSV, followed by the first 128MB block mined by nChain’s BMG Pool two days later on March 30. More big blocks followed, and yet another 128MB block was mined by CoinGeek Mining on March 31.

Ryan X. Charles and the Money Button team get a lot of credit for these record-breaking blocks. The BitPaste app and Money Button allowed Ryan to fill three of these record-setting blocks with high-resolution pictures of San Francisco, uploading transactions using tools already available to the public.

The large block sizes are already big news for the network, but even more so for the miners. The 128MB blocks delivered transaction fees for the successful miner of 1.279 BSV, which is another 10+% of miner revenue on top of the normal 12.5 BSV block reward. Nguyen explains:

“The greater transaction fees that were earned on this big blocks is demonstrating the economics of Satoshi Vision at work. Satoshi always envisioned that as the block reward continually cut in half, miners have to earn more in transaction fees with greater transaction fee volumes to make up for the lost block reward and to continue to have mining state profitable. This is why we need blocks to continually get bigger and bigger to massive sizes so that the blocks can fit larger amounts of data, varied types of transactions such as the file uploads you’ve been seeing, payment transactions of course, smart contracts, tokens, internet of things, device communications management, and a whole array of other types of transactions you can do on BSV.”

Still on the mining news, the BSV network has also welcomed a new mining group—Kpool. The mining pool has quickly contributed significant hash to the network, quickly becoming one of the top three mining groups on BSV. The network is always happy to welcome more mining pools and groups, so if you believe in the Satoshi Vision, come mine on BSV today.

On the applications and services front, a new BSV protocol—D://Protocol—has been added to the BSV/DEVS directory. This dynamic Bitcoin protocol allows users to update content on the BSV chain by using D:// instead of B://. Check it out here.

Another win for Bitcoin SV is the launch of The White Wallet by The White Company. This is the first wallet that lets customers pay for their Amazon, Uber, Steam, and iTunes purchases with BSV. The White Wallet also allows cash withdrawals and use of prepaid Visa and Mastercard in 10 fiat currencies. Learn more about The White Wallet here.

This week’s Satoshi shoutout goes to the Centbee team, which has set a precedent for real BSV adoption in South Africa. Using a digital voucher program and Centbee wallet, users in South Africa can now easily buy Bitcoin SV at many major retailers with fiat, cash or credit card. Currently, there are already 50,000 locations participating, including Pick N Pay, gas stations, malls, liquor stores, and even Absa Bank.

Watch The Bitcoin Vision: Episode 9.

While you’re at it, also check out the previous episodes of The Bitcoin Vision here.

dr-craig-wright-is-working-on-a-metanet-with-no-trolls

Dr. Craig Wright is working on a Metanet with no trolls

Dr. Craig Wright is sick of the trolls on social media, and he’s been working on a solution to them for quite some time now. In his most recent Medium article, titled simply “Trolls and bullies,” Wright addresses how with the Metanet, powered by Bitcoin SV (BSV), attention-seeking bad actors will be a thing of the past.

The problems with social media, and the Internet in general, is the anonymity it affords those who least deserve it, and easy access to victims. Because trolls can operate without restraints, we are all worse off for it. Wright notes:

“The damage that social media has released upon society comes from the typical tragedy of the commons that all free systems or seemingly free systems release. With the Internet, the inability to charge access based on use leads to abuse.”

What he proposes with the Metanet is a system that protects against abuse by imposing a real cost. “With the introduction of small micropayments, individuals will be able to incrementally select the amount that an individual has to pay to communicate with them,” he writes. For close friends and family, the cost can be removed, while for advertisers, strangers, and potentially trolls, costs can be set accordingly.

“When taken together, we alter the incentives and make it less profitable in every way for the Internet troll and bully,” Wright notes. “Rather than having free reign to gratify their minuscule worth through ego stroking, the necessity to pay for access means that they will have to start acting within social bounds.”

With such a system, Wright would never have to suffer the attacks he has, because he can impose a cost on access, or demand to know identities in advance. That’s the opposite of what has recently happened between Wright and anonymous Twitter user @Holdonaut, for whom Wright has had to take legal action after a spat of social media harassment.

By removing the ad-driven model, which sites like Facebook and Twitter use, and creating a pay-for-access system like Metanet, the race to the bottom is removed. The cries for attention, which is all trolls really have, become prohibitively costly. Wright concludes, “As the Metanet replaces the Internet, trolls will slowly become extinct.”

Dr. Craig Wright: Bitcoin isn't meant to stop banks

Dr. Craig Wright: Bitcoin isn’t meant to stop banks

Dr. Craig Wright is working to set the record straight on what Bitcoin is all about. He has been involved in a number of interviews lately to try and change the public’s perception of cryptocurrency and what he had in mind when he created it. In a recent appearance on Sal Mayweather’s podcast, The Agora, the Bitcoin founder and chief scientist at nChain dove in and asserted that digital currency was never designed to challenge the financial institutions or to take out the banks.

Wright asserts that Bitcoin will not stop banks anytime soon, adding that it isn’t possible for digital currency to do so. However, it has the ability to provide a service that conventional financial institutions can’t, which is the ability to stop corruption. This is due to the fact that digital currency is easier to track than current fiat systems, an assertion that is easily proven by looking at some of the scandals rocking the banking world.

Wright also asserts that Bitcoin SV, the original Bitcoin, can be better than Bitcoin because “different people can have different opinions on it.” He emphasizes that Bitcoin Core (BTC) has become extremely removed from the original idea of Bitcoin and that the community is not accepting of different opinions.

He adds, “Bitcoin doesn’t stop banks or even banking. What it does is create an immutable evidence trail that will enable us in stopping corruption. It also forces people to have a single set of books and in turn reduce the fraudulent activities in the ecosystem.”

Despite attempts by anti-cryptocurrency individuals to show crypto as only beneficial for criminals, there have been scams and fraud in money since money was invented and this won’t stop with crypto. Wright shows, however, that the risk of fraud can be reduced, but emphasizes, “The idea is to make a single ledger but let’s be honest, there will still be Nigerian prince scams.”

Wright indicates that he began working on what ultimately become Bitcoin in the 1990s, adding that it “was nothing like the sh*tshow that Bitcoin is right now.” The frustration regarding how bastardized the cryptocurrency space has become is what has propelled Wright to forward to clear the air and provide the background behind Bitcoin so that it can evolve as it was initially intended.

poloniex-introduces-margin-traded-bitcoin-sv-for-international-users

Poloniex introduces margin-traded Bitcoin SV for international users

There’s a new way for Bitcoin fans from around the world to buy up Bitcoin SV (BSV). In a blog post, Circle have announced that users outside of the United States can now get BSV through margin trading on their Poloniex exchange.

The news came on April 11, shortly after Ethereum Classic (ETC) was also announced available. Using Bitcoin Core (BTC) as the base pair, Poloniex users outside of the U.S. can now get both BSV and BCHABC through margin trading at 2.5 times leverage. They join ETC, as well as XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID and CLAIM.

BSV is also now available for lending, so users holding the only true Bitcoin can choose to lend it to others and gain interest at market rates.

This isn’t the first time that Circle has branched into BSV with its group of products. In December, Circle Invest made BSV available for those who expect long term growth in Bitcoin’s value. Poloniex was also careful to stay neutral before the November 2018 hardfork that saw BSV split off from Bitcoin Cash to follow the original Satoshi Vision, and allowed users to pre-fork trade both BSV and BCHABC.

The immediate reply to the announcement on Twitter was confusion from BSV followers. Poloniex has decided to list the new margin trading pair with the ticker listing BCHSV. Several users replied that they should have simply gone with BSV, which it is more commonly known as. So if you’re looking to go trade on Poloniex for the real Bitcoin, take note.

If you do go acquire some BSV, there’s plenty of new ways to use it. Keep it safe in the recently announced Keevo hardware wallet,  record the weather to the blockchain with Weather SV, or shop with some of the top sites using The White Wallet.

That’s a lot of options, and they’re made possible by BSV’s ability to scale the blockchain. If that’s something you’re really excited about, why not join some of the people who make it possible at the CoinGeek Toronto conference. It will happen on May 29-30 and that’s coming up fast, so register now. You can even use some of that margin-traded Bitcoin SV via Coingate to save money on your entrance.

Crypto market daily report – June 11, 2019

Crypto market daily report – April 12, 2019

The cryptocurrency markets continued to slide on Thursday evening and Friday morning at press time with the vast majority of coins down by considerable margins. Leading the pack was Bitcoin Core (BTC), which was down by around 4% to settle at around $4970 at press time on Friday. Selling pressure also hit the Ethereum coin (ETH), which was down by around 8% at press time to settle at around the $163 level on Friday morning.

Other coins with large market caps also demonstrated significant drops with EOS practically shaving back all of its gains in the past week to trade at around $5.20 at press time on Friday morning. The same went for Ripple (XRP), which continued losing ground and was down by around 5% to just over the $0.32 level, whilst Litecoin (LTC) suffered a hefty 9% drop to trade at the $77 mark on Friday morning at press time. BCHABC was also down by around 6% to settle at the $265 level, whilst Bitcoin SV (BSV) suffered a considerable 9% drop to trade at just under the $70 level at press time on Friday.

NEO continued declining and fell under the $11 mark for the first time since March trading at just under the $11 mark at press time. Cardano (ADA) was also down albeit by a more conservative 5% to the $0.08 level, whilst Stellar (XLM) also continued falling to just over the $0.11 mark as selling pressure continued to hit the coin. Other coins with smaller market caps also bore the brunt of substantial declines with Ethereum Classic (ETC) sinking by around 8% to the $6.10 level, IOTA down by 5% to the $0.317 mark and DASH dipping below the $120 level for the first time in April. OMG, LINK, BAT and ZRX also suffered drops of between 3% and 9% overall.

erich-erstu-on-how-cryptograffiti-data-mines-the-blockchain-video2

Erich Erstu on how CryptoGraffiti data mines the blockchain

A big step towards Bitcoin becoming the data carrier of the future will be applications that treat it as such. One company that was jumped into that kind of development early was CryptoGraffiti. Erich Erstu, the developer behind the site, joined CoinGeek’s Becky Liggero during the recent CoinGeek London conference to talk about his site, and why he got into Bitcoin in the first place.

Liggero first asked Erstu what his site is, and what sets it apart from other Bitcoin applications. “I think it is the first very useable service that allows you to save files on the blockchain which includes your personal images, text, whatever,” he explained. “People can do it, and they can read or look at what others have done.”

Visiting the site, it provides a very easy to use, scrollable interface to browse anything going on with the Bitcoin SV (BSV) blockchain in real time. As long as CryptoGraffiti can decipher a transaction in a visible or readable way, it shows up. It also makes writing to the blockchain, for that content that you want to make sure gets saved forever, simple and convenient.

Erstu has had a long time to think about and work with the blockchain. “The backstory dates back to my university years, in the University of Tartu, when I was doing my Masters’ program in software engineering,” he explained. “I had a course in data mining, and one day they handed out the homework for everyone to data mine something, whatever. I was already a big Bitcoin fan, and I immediately saw that Bitcoin’s blockchain was a huge source of data, and we can do all sorts of analyzing there.”

After quickly seeing the potential in Bitcoin, Erstu had the nugget of an idea that would eventually become Cryptograffiti. “I was personally curious to find out secret messages, if anyone has saved them on the blockchain,” he told Liggero.

As they were taking in the conference, Liggero asked what he thought of the gathering. “I have never, in my life, seen so many smart people in one place,” he proclaimed.

If you want to see a lot of smart people too, and join them to talk about BSV, join the CoinGeek Toronto conference, happening between May 29-30. The top minds of Bitcoin will be there, so simply register to join them. You can save money on your entry by using Bitcoin SV via Coingate.