Dr. Craig Wright to speak at MoneyMuseum event in Zurich

nChain Chief Scientist Dr. Craig Wright is to appear at the forthcoming MoneyMuseum event scheduled for this September.

The event, to be held in Zurich on September 3, will explore the path to global scalability for Bitcoin SV (BSV), with an emphasis on the business needs and commercial applications of the technology as it moves ever closer towards mainstream global adoption.

Titled “Satoshi Vision Explored: Scaling Bitcoin To Global Use,” the event will also examine the BSV blockchain in the context of IP, regulation and compliance.

According to MoneyMuseum, the event is intended to discuss the potential of BSV in a commercial context, as well as examining how BSV can add value to existing and new businesses: “It is the intent of the MoneyMuseum to form a group of dedicated bitcoin/blockchain enthusiasts for quarterly discussion rounds. We wish to explore this technology and its potential among the attendants such that they act as a catalyst.

“In this specific event we want to learn about the Satoshi Vision and challenge its potential to provide value to new and existing businesses. We would like to elaborate what is available and what still needs to be built. What could Bitcoin do for business?”

Dr. Wright will join an esteemed panel of speakers, which also features Martin Vinsome, partner at respected U.K. IP law firm UDL, and Daniel Diemers, a blockchain strategy consultant at PwC.

As the only blockchain to reflect Satoshi Nakamoto’s original whitepaper vision for Bitcoin, BSV is already the protocol of choice for developers exploring commercial applications for the technology.

The one-day event will be moderated by Bernhard Müller and Jürg Conzett, and will see the panelists engage in open discussion, which will ultimately be opened up to an audience of delegates, to better inform on the technology and its practical implications in a commercial context.

This latest event will see Dr. Wright discuss how businesses can put BSV to use in several key use cases, most notably around regulatory compliance and the protection and enforcement of intellectual property rights.

Why developers should attend CoinGeek Seoul

There are many reasons why developers should attend CoinGeek Seoul conference in October. As the only cryptocurrency capable of realizing massive on-chain scaling as originally envisioned in Satoshi Nakamoto’s whitepaper, Bitcoin SV (BSV) is the weapon of choice for an increasing number of blockchain developers.

Yet it is an ecosystem that is continually developing and improving to more accurately reflect both the origins of Bitcoin and the needs of developers, miners and the wider community. This is one of the many reasons why developers should attend CoinGeek Seoul, taking place on October 1-2 at the Le Meridien Hotel. The event is aimed at giving developers a greater insight into the technology, and the upcoming developments in BSV that can aid future projects.

The event will see BSV developers and stakeholders of all kinds meet to discuss issues and learn more about the direction for the protocol, with a view to giving more developers the confidence to build on BSV. Another reason why developers should attend CoinGeek Seoul is that the event — the second of its kind to take place in Asia — will help them learn more about BSV and why it remains the optimum choice for blockchain developers.

“Professionals from leading blockchain and cryptocurrency startups, global enterprises, crypto mining, investors, and other brands are coming to learn about exciting developments for Bitcoin SV, as well as the benefits of massive on-chain scaling for miners, application developers, and enterprises.”

The event is not exclusive to BSV supporters, and all developers with an interest in BSV are welcome to attend the event.

As well as learning from keynote speakers at the event, delegates will also benefit from opportunities to network with other developers, and to explore more of what’s possible with BSV tokens and infrastructure.

The event will also feature presentations from the finalists of the upcoming Bitcoin Association’s 2nd BSV Virtual Hackathon, showcasing some of the best concepts developed over the event.

For anyone with an interest in BSV, or in blockchain and cryptocurrency more generally, CoinGeek Seoul remains a must-attend event for crypto developers. Get your tickets today, and learn how you can join harness the power of BSV scaling.

BitBoss now using Tokenized protocol on Bitcoin SV

Crypto gaming company BitBoss has announced it is now processing tokens on the Bitcoin SV (BSV) blockchain, in what has been described as a major milestone for the company.

The implementation means BitBoss users will now be able to send and receive tokens on top of the BSV blockchain, opening up access to the benefits of low transaction costs, fast transaction times and scalability-by-design.

According to a post on Medium, BitBoss has been developing via the Javascript implementation, its own contribution to the open source project behind the Tokenized Protocol.

Justin Laue, chief engineer at BitBoss, said the development will allow users to create and send custom tokens within their BitBoss wallets, for even greater functionality on the platform.

“This is a major milestone with our cryptocurrency wallet technology. We leveraged the BitBoss Keyring libraries to develop our BSV wallet, and now we are able to create and send custom tokens within that wallet. We’d like to extend our thanks for the amazing ongoing support that the Tokenized team has provided us throughout our development cycle.”

BitBoss is a gaming company, providing blockchain solutions for the sports betting and casino sectors. According to the Medium post, BSV tokens will allow the firm to experiment with new products.

The firm likened the functionality to ERC20 tokens on Ethereum, while highlighting the particular benefits of choosing BSV.

They explained, “Similar to how ERC-20 tokens power creative solutions on Ethereum, BitBoss is using Tokenized for similar capabilities on BSV, where it can also leverage the highly scalable network, extremely low transaction fees, and built in double spend prevention functionality.”

While there are limited details available on how BitBoss intends to develop its platform with these tokens in mind, it’s not difficult to imagine possible implementations. In the casino sector, for example, custom tokens could represents different chip values, or could be used to otherwise identify or reward users as they play.

In adopting BSV, BitBoss is the latest blockchain firm to recognize Bitcoin SV as the superior technology, and the only protocol following the vision that Satoshi Nakamoto set out in his original whitepaper.

Join the waitlist for the 2nd BSV Virtual Hackathon on Aug. 17

Due to high demand, applications are now closed for the 2nd Bitcoin SV (BSV) Virtual Hackathon, but interested applicants can still join the waitlist for the event happening on August 17.

The 2nd BSV Virtual Hackathon, sponsored by CoinGeek and run by nChain, will pit teams of developers from across the world against each other to develop new apps and technologies on BSV. To join the waitlist, applicants will need to register on the Bitcoin Association website. Once they registered, they will receive an email containing all the details on what to expect.

If a spot opens up, waitlisted applicants will get an invite and a shot at winning their share of $35,000 worth of BSV.

Team members are required to have an active Telegram account, for inclusion in a group Telegram chat as the event gets underway, as well as being advised to ensure they are running the most up-to-date software and dev tools.

The virtual hackathon will set the stage for developers to build new applications on the Bitcoin SV blockchain. Finalists will get to present their applications at the CoinGeek Conference in Seoul, where they will win Bitcoin SV and potentially receive investment funds.

The finals are scheduled to take place on October 2, with selected developers eligible to attend the CoinGeek Conference, where they can pitch to investors for support to develop their ideas further. Proposals will be considered by a panel of industry experts in front of a live audience, before a final winner is selected.

The winner of the inaugural BSV Virtual Hackathon, UptimeSV, took home the top prize of 250 BSV in May, while second place winner TonicPow won 100 BSV. Polyglot emerged third and won 50 BSV.

Visit the Bitcoin Association website, and fill out the waitlist form—you could be one of the few who gets an invite to the 2nd BSV Virtual Hackathon.

UK court hands down jurisdictional ruling on Dr. Craig Wright’s libel claim, but fight is far from over

A U.K. High Court judge has delivered a jurisdictional ruling on Dr. Craig Wright’s legal claim for libel against Roger Ver, but the battle on the merits is not yet over.

Wright filed a libel claim in the courts of England and Wales against the Bitcoin.com CEO in May in response to a video posted on Bitcoin.com’s YouTube channel in April featuring Ver who declared, “Craig Wright is a liar and fraud. So sue me. Again.” Wright has initiated a series of legal actions against individuals and parties who claim he is a fraud or otherwise deny his statement that he is the man behind the pseudonym Satoshi Nakamoto, the creator of Bitcoin.

On Wednesday, however, Wright was dealt with a procedural setback after U.K. High Court Judge Matthew Nicklin ruled that the courts of England and Wales were not the proper jurisdiction over the libel case against Ver. In his ruling, Nicklin wrote:

 “The claimant has not satisfied me that England and Wales is clearly the most appropriate place to bring his action for defamation over the publications complained of. In consequence, the court has no jurisdiction to hear and determine the action.”

It’s worth noting that this ruling does not at all address the merits of Wright’s claim (i.e., whether Ver committed libel by calling Wright a fraud). The decision was merely a procedural one focused on whether England and Wales was the proper jurisdiction to hear Wright’s claim against Ver. The U.K. Court focussed heavily on whether Wright has a global reputation even though he has lived in the U.K. since 2015; this would suggest that a libel victim residing in the U.K. could not sue in English courts if that libel victim was known globally. That would beg the question of where — if anywhere — it is appropriate for a libel victim to sue after having moved to the U.K. for several years. In today’s online and social media age, where commentary about people travels quickly across the globe, it is difficult to see how anyone could meet the supposed jurisdictional burden for suing in England imposed by the U.K. High Court judge in this particular instance.

However, Wright is not planning to back down and intends to appeal the judgment on jurisdiction, so that he can reach a decision on the merits. In contrast, Ver had a chance to present his case in court, but instead of presenting a defense on the merits, sought to avoid the case on jurisdictional grounds by trying to argue the U.S. is a more appropriate jurisdiction — an odd argument given that Ver has renounced his U.S. citizenship and is neither domiciled nor a resident in the country.

Wright is seeking £100,000 in monetary damages as well as an undertaking restraining Ver and any of his affiliated entities from making further allegations that deny the nChain chief scientist’s claim to being Satoshi Nakamoto. The merits have yet to be decided, as the parties continue to battle over the question of which country’s courts have jurisdiction to hear the case.

Bitcoin SV now available in Brazil

Bitcoin SV (BSV) is becoming the cryptocurrency of choice for users and developers worldwide. The ease of use, low transaction costs and developer-friendly ecosystem mean BSV is increasingly the natural choice for consumers, merchants and app developers.

Now, the flexibility of BSV has become available for users in Brazil, opening up access for millions of consumers and merchants for the first time.

The news comes following the decision of local cryptocurrency exchange 3xbit to list BSV, in response to growing demand for access to Bitcoin SV. As a result, exchange customers will now be able to buy and sell BSV through the platform, as well as being able to send BSV from their accounts.

The listing has been welcomed across social media, where the news has been well received by 3xbit users keen to access the technology and utility of BSV locally.

It comes at a time of increasing adoption worldwide, as more people switch on to the benefits of Bitcoin SV in affording low cost microtransactions, mass scale potential and fast processing times.

Bitcoin SV is the only cryptocurrency true to Satoshi’s original whitepaper vision, and the only cryptocurrency capable of handling efficient payments on a global scale. With the Brazilian rollout, BSV comes one step closer to fully global adoption.

In choosing to support Bitcoin SV, 3xbit becomes only the latest exchange to show support for the cryptocurrency. At the time of writing, the currency had jumped over 1.34% on the exchange on the day.

The news comes ahead of the upcoming Quasar upgrade, scheduled for July 24. The upgrade is set to make BSV truly unique in its utility model, and will minimize the need for cryptocurrency exchanges altogether. With access to an on and off ramp to fiat, the upgraded protocol is expected to help BSV reach mainstream traction even sooner, with its unique scaling potential setting BSV apart from the rest.

The decision from 3xbit to list BSV is already proving to be a good decision, at a time when numerous other exchanges worldwide are in the process of onboarding BSV for their users.

London BSV Meetup inspires developers to be even more ambitious

The London BSV Meetup 2019 has inspired developers to push the boundaries even further with their BSV projects, after drawing together some of the leading developers in blockchain.

The June event saw a series of keynote presentations, including from scientists, senior researchers and software development personnel from the blockchain research firm nChain, on several key features and projects ongoing in the BSV ecosystem.

One of the presentations focused on Paymail, also known as the BSV alias protocol. Developed alongside Ryan X. Charles from MoneyButton, he described how the protocol allows neat peer-to-peer transactions by email.

In his presentation, nChain’s Andy set out the three key functions of Paymail, describing how it “unifies the application ecosystem behind a standard series of protocol extensions, defines how these extensions are presented, and enables federated systems to cooperate.”

Crucially, with Paymail, the domain owner is the ultimate trust authority on the protocol. The protocol has a number of envisaged use cases, including both consumer and commercial payments.

The presentation was followed up by a live coding session, in which nChain senior researcher Wei Zhang spoke about Elliptic Curve Digital Service Algorithm (ECDSA) and R-Puzzle.

Offering a unique insight into how these work in practical applications, Wei Zhang runs through a number of worked examples in the presentation, demonstrating the flexibility of developing for BSV.

nChain software development manager Carl Jackett presented a round-up of the most promising entries from the BSV hackathon, including the three finalists, UptimeSV, TonicPow and Polyglot.

UptimeSV is a distributed performance and uptime monitoring application. The app also allows anyone to earn BSV by participating in the uptime testing network. TonicPow is an advertising platform that allows advertisers and publishers to negotiate and earn directly in BSV.

Polyglot makes it easier to interact with Metanet protocols through python, aimed at smoothing the learning curve for new BSV developers.

Jackett went on to share some other interesting submissions, including Bitmav, an app for creating a digital legacy that can be recovered after a person has died, and Gate2Chain, a smart meter that allows real-time billing and supply control for utilities, both powered by BSV.

The event was set up to inspire developers to become more ambitious with their BSV projects, to take advantage of its capacity for low cost microtransactions and unique ability to handle scale. There will be a second virtual BSV hackathon, taking place on August 17. Applications are now open, and interested applicants can register here.

Unwriter rolls out Eventchain Bitcoin events log

Bitcoin developer Unwriter has launched Eventchain, “a general purpose append-only log for capturing and processing filtered Bitcoin events.” The application records blockchain events in a simple log file, rather than “firing once and forgetting.”

According to Unwriter, Eventchain allows developers to use any programming language without restriction or convention to develop applications for Bitcoin SV (BSV), with the ability to process Bitcoin events in the developer’s preferred language.

The log file can be read in any way the developer chooses, and events processed as required to build the backend developers require, offering more flexibility for creating applications for the blockchain.

According to Eventchain, the platform does not require developers to run a full Bitcoin node, though the option to do so may be included in future releases. Internally, Eventchain is powered by Neon Planaria and Bitbus. Yet it differs from BitBus in several key ways, such as the flexibility to process onmempool and onblock events.

The Eventchain architecture was built around four core principles—that the system should be portable, robust, business friendly and convertible.

In the near future, the developer said Eventchain would introduce support for BSV as a host, which would provide users with the option to run their own node, use Bitbus, and switch seamlessly between the two as required.

“Powered by Bitbus, Eventchain lets you build your own Bitcoin-powered backend WITHOUT having to run a Bitcoin full node yourself,” the platform noted. “Currently Eventchain is powered by Bitbus, but in the future it will support both Bitbus AND Bitcoin as host (once Neon Planaria supports this feature), so developers have the option to switch back and forth between running their own Bitcoin full node and using Bitbus.”

While the Neon Planaria framework is still the preferred choice for those working in JavaScript, Eventchain offers more flexibility to a wider demographic of developers across different programming languages.

Eventchain is the latest application to be inspired by Bitcoin SV, at a time of increasing developer activity on the blockchain. BSV is the preferred option for a growing number of developers looking to access blockchain transactions with fractional costs, speedy processing and mass scalability.


Peter McCormack seeks more time to file defense vs Craig Wright libel claim

Bitcoin podcaster Peter McCormack has sought for a deadline extension to file his defense against the libel claims filed by Dr. Craig Wright.

The host of the What Bitcoin Did podcast initially had until June 13 to respond to Wright’s libel claims, but his lawyers have requested the court a 28-day extension on his behalf citing the hospitalization of the lead partner at RPC as part of the reason for the delay.

Wright’s legal representatives have agreed to McCormack’s request as long as the podcaster shouldered the costs of the application to get a court order. McCormack agreed, and would also pay Wright’s “reasonable costs” resulting from his application for a deadline extension. The costs, while not expected to be substantial, might still take a chunk out of McCormack’s defense funds, which he planned to raise via crowdfunding.

McCormack now has until July 11 to file his defense.

In mid-April, Wright filed a formal libel claim in the UK High Court of Justice, Queen’s Bench Division, against McCormack, who has publicly accused the nChain chief scientist of being a fraud for maintaining that he is the man behind the pseudonym Satoshi Nakamoto, the inventor of Bitcoin.

The libel claim against McCormack cites numerous examples of the podcaster’s official Twitter account accusing Wright of being a fraud, which appears to be an ongoing activity as evidenced by his latest post:

Previously, McCormack claimed Wright was a fraud for “promoting a fake version of bitcoin.” This is in reference to Bitcoin SV, which Wright supports as the only blockchain-based technology capable of massive on-chain scaling enabling it to become a truly global payment platform. Wright, considered to be the driving force behind the BSV protocol, is convinced that the attacks against him are intended to take down BSV as it represents a threat to the future of other cryptocurrencies.

ViaBTC launches BSV mining pool, offers 70% fee discount

ViaBTC launches BSV mining pool, offers 70% fee discount

Crypto mining pool ViaBTC has launched a Bitcoin SV (BSV) mining pool, providing users with the opportunity to mine BSV on the platform for the first time.

In an announcement posted Tuesday, ViaBTC said new miners would qualify for a discount of 70% off fees, with bigger discounts for those with higher hashrates. The deal is part of a launch promotion period which will run until July 23.

The notice, published on the ViaBTC website, said both main and sub-accounts could benefit from the promotional discounts.

“During the promotion, all BSV miners, as long as you’re mining on ViaBTC, are qualified to enjoy a fee discount up to 70% off. Higher discounts come with higher hashrates. Discount is applicable to both main & sub accounts for PPS method. The fees will be resumed as usual after the promotion,” according to ViaBTC. “ONLY main accounts are qualified for the promotion. All the hashrates of sub-accounts will be counted into main account. Please refer to Rules of ‘ViaBTC 3rd Anniversary Toast.’”

From June 13, ViaBTC users will be able to switch mining pools with a single click, with a number expected to convert resources to mining BSV this week. Earnings are paid out according to the user’s choice of cryptocurrency, with support for BSV allowing low-cost, instant transactions to external wallets.

It comes at a time of growing demand for BSV, after posting growth of over 250% in May. With merchants and consumers alike increasingly using BSV for its convenience, cost and massive on-chain scalability, the mining pool launches at a time of aggressive growth in the cryptocurrency.

The news has been warmly welcomed on social media, with Twitter users approving of the ability to withdraw funds in BSV to an external wallet, as well as expressing keen interest in participating in the BSV mining pool.

Founded in 2016, Chinese-based ViaBTC has shifted focus increasingly towards BSV, in the run up to the launch of the mining pool.

Beware of BCH troll miner posing as ‘Satoshi Nakamoto’

Beware of BCH troll miner posing as ‘Satoshi Nakamoto’

A mysterious entity has suddenly begun mining significant volumes of Bitcoin Cash (BCHABC), leading to a wave of suspicion through the network.

Going by the name of Satoshi Nakamoto, after the pseudonym used by Bitcoin’s creator, the miner has grown to control close to 40% of the overall hash rate of BCHABC, according to Coin.Dance data.

Beware of BCH troll miner posing as ‘Satoshi Nakamoto’

The unknown miner first appeared around one week ago, and has already grown to account for a substantial share of the overall mining pool. This has led to the finger of suspicion being pointed at Bitcoin SV proponents, specifically nChain Chief Scientist Dr. Craig Wright and Calvin Ayre, as well as the suggestion that the CoinGeek mining pool is somehow involved. Ayre, however, has confirmed that neither he nor Wright—the real Satoshi Nakamoto—is involved in this shenanigan.

Posing as Satoshi Nakamoto to mine BCHABC is among the growing number of attempts to discredit Dr. Craig Wright as he continues his pursuit of justice against those who seek to deny his claim to being the individual behind the pseudonym. Dr. Wright has proven beyond a doubt to ownership of CoinGeek that he was the main architect of Bitcoin, and that it was he who conceived and used the pseudonymous name of Satoshi Nakamoto.

In late 2018, some group took it upon themselves to create a Craig S Wright coin—clearly another attack on Dr. Wright by the Ethereum crowd. It’s worth noting that Vitalik Buterin, co-founder of Ethereum, is already facing libel charges following his defamatory comments against Dr. Wright. Buterin has made several statements in the past, in which he called Wright a fraud and questioned why the industry allowed him to speak at conferences.

It’s evident that the attacks against Dr. Wright are primarily intended to trash the Bitcoin Satoshi Vision (BSV) protocol that the nChain chief scientist supports. Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies.

If you want to learn more about the future of cryptocurrency with no limits, join the upcoming CoinGeek Conference in Toronto on May 29-30. Expect lively debates among crypto advocates in a troll-free environment that will focus on the technology and innovation.

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.