Korea Blockchain Week ‘D.FINE’ the blockchain dream

“The DNA of blockchain is seeping into the world.”

That was one of the major takeaways from Galaxy Digital founder and CEO Michael Novogratz, who took part in the Korea Blockchain Week’s main event “D.FINE” on Monday. In a fireside chat with Ryan Lee of Dunamu & Partners, Novogratz noted that by entering the blockchain industry, global giants are helping boost the market.

“Blockchain services with a large number of users will change the industry,” he said, adding that tech-savvy Asia could serve as a test bed for the technology. “Asia’s fintech is just way better than U.S.’s.”

South Korea, in particular, is making huge investments in blockchain—the technology has found use cases in both private and government sectors. The government of Seoul announced that it’s launching a blockchain-based administrative service for residents in November, while the port city of Busan has already been designated as a “regulation-free blockchain zone.” Its close contender for the title, Jeju Island, announced a new initiative called the Blockchain Hub City Development Research Service in August.

To secure global competitiveness, Chang Byunggyu, head of the Presidential Committee on the 4th Industrial Revolution, told the audience at D.FINE that the committee’s upcoming recommendation will include the promotion of blockchain and institutionalization of crypto assets. He said, “Technological advances are so rapid that we need to be able to do a lot of experiments in the industry through the regulatory sandbox.”

Korea Blockchain Week ‘D.FINE’ the blockchain dream

Even more breakthroughs are happening in the private sector. Kim Joowan, VP and Head of Service Planning Group, Mobile Communications Business at Samsung Electronics, noted how blockchain is helping the tech giant build a “multi-chain open ecosystem.”

“We are trying to apply blockchain technology to Samsung Health as well as other services as much as possible,” he said. “It is a true multilateral open ecosystem where users can manage their personal information and identity.”

The D.FINE event—the first conference in Korea hosted by media conglomerates in the country—will run until October 1 at the Grand InterContinental Seoul Parnas. If you’re in the area, also check out the CoinGeek Seoul Conference happening at Le Meridien Hotel on October 1-2.

Dr. Craig Wright responds to Kleiman case’s ruling by U.S. federal magistrate

A hearing in the Kleiman v. Wright case has concluded in the U.S. District Court for the Southern District of Florida on Monday with Magistrate Judge Bruce Reinhart recommending that half of the Bitcoin mined by Dr. Craig Wright before December 31, 2013 should be awarded to the Kleiman estate, along with half of intellectual property (IP) rights of Craig Wright prior to December 31, 2013.

As expected, sensational articles have already been written about the court ruling, but it’s important to remember that Magistrate Judge Reinhart issued a recommendation to the District Court judge (the assigned trial judge for the case), and even if adopted by the District Court judge, it is not a final judgement. There is still a long way to go – including a possible trial – before the matter is resolved.

Reinhart’s recommended ruling applies to the lawsuit filed by Ira Kleiman on behalf of Dave Kleiman’s estate. The case, which began in 2018, sued Dr. Wright for $10 billion worth of Bitcoin, claiming that Wright was after Dave’s BTC holdings. Monday’s event was the conclusion of an evidentiary hearing on discovery disputes in the case (in particular, whether Wright was able to comply with a court order requiring him to list Bitcoin he had mined, or whether he was unable to do so as he explained to the court). The full issues in the case will not be decided until other proceedings, and ultimately trial in March 2020.

Dr. Wright was asked to provide a list of public addresses for Bitcoin he mined before December 31, 2013, but because of the complicated details of the Tulip trust and also a technical solution he asked Kleiman to implement to make the mined Bitcoin unavailable to Wright’s family trust until at least January 2020, information related to such mined Bitcoin are intentionally not available to him until at least January 2020. Magistrate judge Reinhardt did not find Wright’s explanation to be credible.

The magistrate judge is not, however, referring the case for civil or criminal contempt. Instead, the magistrate judge elected to recommend issue sanctions in the case, which include determining that Wright was part of a “Satoshi partnership” with Kleiman in the beginning of Bitcoin, and is recommending a finding that Kleiman’s estate is entitled to half of the Bitcoin mined by Wright and half of Wright’s intellectual property (presumably related to Bitcoin, but this awaits the court’s written order to clarify) up to and including December 31, 2013.

In response to the court’s ruling, legal counsel for Dr. Wright provided the following response to CoinGeek:

The hearing before the magistrate concerned requests for information that Dr. Wright was ordered to produce but explained that he could not provide at this time. Dr. Wright disagrees with the magistrate’s ruling about those discovery issues, as well the basis for the magistrate’s findings regarding his ability to provide the information requested. Dr. Wright also believes the remedies recommended by the magistrate are extreme and disproportionate to the discovery dispute. This is not a final judgment in the case, and Dr. Wright intends to take steps available to him to continue to vigorously defend the claims asserted against him by Ira Kleiman.

In an interview with Modern Consensus, Dr. Wright confirmed that he is willing (if the court’s findings stand after a complete trial, disposition and any necessary appeal of the case) to “hand over $5 billion in BTC.”

The judge won’t rule on whether I’m Satoshi. But the partnership is. So when Dave Kleiman passed, the partnership transferred to Ira,” Dr. Wright told the news outlet, adding that the court recommendation doesn’t affect Bitcoin SV (BSV). “BSV, it won’t. But the judge ordered me to send just under 500,000 BTC over to Ira. Let’s see what it does to the market. I wouldn’t have tanked the market. I’m nice.

But because the court ruled that Ira Kleiman “inherited” $5 billion, he may have to dump some US$2 billion in BTC to pay estate tax, according to Dr. Wright, who noted:

Everyone wants to hate on me. This is the result. If you’d left me alone, I would have sat on my fucking money and you wouldn’t have to worry. And the biggest whale ever has to dump because he has to pay tax. It’s not a transfer. Florida has an estate tax. Trust me. This is not an outcome I would have liked. I own a lot of BTC. Dave should have owned 320,000 and I should have had 800,000 and now it’s 50/50. At the end of the day, that’s not a good thing for BTC.

CambrianSV Bootcamp in Bali accelerates product building with BSV

Build the society of tomorrow. Together.

That is the promise of the upcoming CambrianSV Developer Bootcamp, a seven-day gathering in Bali, Indonesia, from August 30 to September 5. With Bitcoin SV (BSV) offering unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation in the Bitcoin society—tools and infrastructures are being built and developers are continuously releasing new applications enabled by BSV.

To help boost this explosion of creativity and innovation, the people behind the RelayX superwallet have teamed up with Bitcoin Association to bring forward “a totally different approach to building a product.”

In an interview with CoinGeek, Ella Qiang of RelayX explained what sets the bootcamp from the rest—aside from it being the first of its kind Proof of Work BSV Developer Bootcamp.

“CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release,” she said. “It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV. Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend.

CambrianSV’s goal, Qiang notes, is to be “a strong catalyst to boost onchain transactions,” with its alumni joining the “top players providing cool products for the real-time economy.” Check out who’s participating in the seven-day bootcamp here.

“Our participants have expressed their goals to learn from the workshops, their peers to gain a deeper understanding of the Bitcoin technical stack as well as exploring innovative business models,” she said. “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Check out the official website to learn more about the upcoming CambrianSV BSV Developer Bootcamp.

McDonalds R&D team to join upcoming CambrianSV Bootcamp in Bali

By following Satoshi Nakamoto’s original plan of keeping a stable protocol and pursuing massive on-chain scaling, Bitcoin SV (BSV) is opening up a world of unlimited possibilities—paving the way for a Cambrian explosion of creativity and innovation. So much so that multinational corporations are now sitting up and taking notice.

On August 30, RelayX, in cooperation with the Bitcoin Association, is organizing a first of its kind Proof of Work BSV Developer Bootcamp in Bali, Indonesia—and the R&D team of McDonalds China is confirmed to be participating.

The seven-day bootcamp, which prolific Bitcoin developer Unwriter has described as “a Y Combinator for Bitcoin, will take place from August 30 to September 5, bringing together a select number of participants who will be focused on building “the next generation of products for the real-time economy powered by Bitcoin SV,” according to Ella Qiang, of RelayX.

The CambrianSV bootcamp is not a conference—it’s an intensive gathering where real work is done by developers. Qiang tells us: “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Participating in the Bali bootcamp are teams from Twetch, the interface to Bitcoin; UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; BitMesh, the first email app on BSV; video streaming platform Streamanity; Legally Chained, an on-chain verified identity and document management platform; Agora, your homepage built on Metanet; TonicPow, BSV-powered peer-to-peer advertisements; RateSV, the platform to earn Bitcoin by investing on real-time financial data; BitPocket, platform to incentivize tasks with Bitcoin; Run on Bitcoin, a token creation solution on Bitcoin; MetaDomain, a domain name trading platform on Metanet.

Joining these groups is the McDonalds China R&D team led by CIO Charles Cai, along with Mark Wilcox, a Bitcoin expert in computational markets; Glenn Wolfe and Sean Pollock from GearSV; representatives from Mempool; Rob from the Cambridge Metanet Society; Anthony Yanick; and engineer and entrepreneur Derek Moore.

Mentors from the Bitcoin Association, nChain, HandCash and RelayX will also be on hand during the seven-day bootcamp to help the participating teams build their products on BSV. Even the participants will have a chance to share their knowledge and experience with the group, according to Qiang.

“The majority of attendees of the bootcamp will also participate as speakers as we believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining,” she explained. “We also have open mic time slots for people to address topics that they think are important but not directly related to their projects. We are very excited to see what’s going come out from this.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

Buying Bitcoin SV made easier, safer with BuyBSV site

Getting ahold of Bitcoin SV (BSV) using credit cards or via bank transfer is now easier—and safer—thanks to the newly-launched BuyBSV.com platform.

The website, powered by Coinify, allows users to create an account and buy €100 ($113) worth of BSV. Upgrading their account will enable customers to buy as much as €10,000 ($11,356) worth of BSV. Users are required to have a Bitcoin SV wallet, and they can choose from any of these providers: Centbee, ElectrumSV, HandCash, MoneyButton, and RelayX.

While Bitcoin SV is regulation friendly, BuyBSV allows customers to buy immediately without the hassle of personal identification. This is applied to amounts—€100 in this case—that are below the Anti-Money Laundering threshold for Know-Your-Customer legal compliance. All accounts have a minimum €50 order for Visa or Mastercard payments.

There are three account levels: level one, which only requires customers to create an account on BuyBSV.com. Bank transfer limits are unavailable for this account level, but customers will have a €100 limit for their first order, and €300 for all succeeding orders if they’re paying via credit or debit card. Yearly limit is capped at €3,000.

To upgrade to a level two account, users will need to upload an identity document such as passport, national ID or driver’s license. Credit and debit card limits are capped at €100 for the first order, and €800 for the next orders. For payments via bank transfer, the minimum order is €100 and capped at €3,000. No annual limits for both options for level two account holders.

Customers wishing to avail of the level three BuyBSV account must complete at least €10,000 buy or sell orders. Security verification for this account will take 14 days.

Level three account holders have a €3,000 limit for daily orders paid with credit or debit cards, and €10,000 if they’re paying via bank transfer. No annual limits are set for both options.

The BuyBSV service is currently available for customers in Canada, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, and Ireland. Customers in Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Romania, and United Kingdom can buy BSV via the web service. More countries are expected to be added soon.

BuyBSV.com is an example of why exchange delisting attacks are not effective against BSV. Utility tokens, after all, only need on- and off-ramps; they don’t need to be speculated on.

To start using the BuyBSV.com service, visit the website today.


Expo-Bitcoin International 2019 brings advocates of real Bitcoin to Latin America

For the supporters of the original Bitcoin, as envisioned by Satoshi Nakamoto, here’s a challenge for you: can you live in a space where everything uses Bitcoin SV for a week?

That’s just one of the things that attendees can expect at the upcoming Expo-Bitcoin International 2019 in Bogota, Colombia—the first of its kind to take place in Latin America. The five-day conference features a host of opportunities for both the Bitcoin society and cryptocurrency enthusiasts alike to discuss adoption and learn “what Bitcoin already is.”

Event organizer Bitek describes Expo-Bitcoin as “a marketplace that functions as a small world where Bitcoin is the only payment method.” In an interview with CoinGeek, CEO Boris Javier Barrera Garcia explains:

“People will have the opportunity to live five days of a socio-economic experiment in a space where everything uses Bitcoin (SV); the reality is that a new community is being shaped by this libertarian money. This is really disruptive, so we have made a real bet for Bitcoin SV from the very beginning, since you cannot buy your tickets for the Arena but by using Bitcoin SV and everything you see at the Exhibit, you will be able to purchase using BSV—other cryptos also allowed depending on the merchant but no fiat currency is allowed. In the end, we want to demonstrate that markets can work in compliance with legal rules using Bitcoin as a mean of exchange.”

Expo-Bitcoin International 2019 will take place on June 19-23 at the Corferias, the international convention center that has hosted events in the country since 1954. Among the key features of this landmark event is The Marketplace, which has over 200 commercial stands offering products for sale with BSV, and The Bitcoin Arena, where delegates can watch as the brightest minds of the BSV society discuss Satoshi’s vision—from Bitcoin creator Dr. Craig Wright and Founding President of the Bitcoin Association Jimmy Nguyen, to BSV experts including MoneyButton CEO Ryan X. Charles, nChain CTO Steve Shadders, HandCash CEO Alex Agut, and other thought leaders like Coinlogiq CEO Dwayne Golden Senior, NEM Foundation Council Manager Pedro E. Gutierrez, medical surgeon Dr. Miguel Parra Saavedra, and Bitcoin advocate Connor Murray, among others.

“The Bitcoin Arena is the Agora of the modern economic thinkers. We brought the best, those who understood the importance of Bitcoin and the instrumental role of a stable protocol in Bitcoin,” Garcia says. “Many others fell in the way of confusion, but a remnant stays with the flag of this Libertarian, respectful of the law, peer to peer, Caesar-less money. That discussion not only about the technical topics but the philosophical views of Bitcoin have amazing importance that history will ponder.”

The event, as Garcia puts it, is all about allowing the laymen to experience Bitcoin in a marketplace where merchants are protected “as they would be in the real world by third parties like Bitek.” It’s also the perfect opportunity for network marketers in Colombia “who need to understand that Bitcoin is money, not another ‘get rich fast’ scheme.”

He notes, “We at Bitek always believed that real adoption needs payment processors since Bitcoin is not legal tender, most of the commerce would need to have cash flow in their local currency and that, among other reasons is why they are afraid to receive Bitcoin openly as a mean of exchange, so having POS applications with payment processing is absolutely necessary in this early stages.”

Colombia is just the first for Expo-Bitcoin International. Bitek plans to hold the event every two years going forward. According to Garcia, “We are Colombians, we love our country and we think this is an important door to Latin America. Beyond that fact, being objective, Colombia has the fifth largest bitcoin community in Latin America, and the third fastest growing in volume of Bitcoin transactions. And Bogota is the neuralgic center of this fever. We need to hit in Bogota first, but also Medellin is a very important node in this ecosystem, we plan to be there in the future. Other cities in Latin America are very important so we think in the future we have a lot of places to look at.”

It’s not too late to join this history-making conference. Get your tickets now, and seize the opportunity to learn more about BSV and find out all the ways it will change the future.


‘Simple’ BSV makes it easy for Zweispace to add earthquake data to blockchain

First came the automated weather channels. Now, even earthquake data can be found on the Bitcoin SV (BSV) blockchain.

Real estate blockchain company Zweispace has tapped into the BSV network to record earthquake-related information, in a bid to lessen the risk of earthquake data being manipulated, particularly in disaster-prone areas like Japan.

CEO Hayato Kameta, a 20-year veteran of the real estate industry, describes earthquake research as a “slow area in academics,” where not only “not many specialists compete” but has also been riddled with incidents of data manipulation. In Japan, for instance, quake damper producer KYB Corp. admitted in October 2018 that it falsified data for products focusing at improving earthquake resistance. More recently, a Kyoto University professor has been found to have fabricated data in a 2016 paper that examined the 7.0 magnitude earthquake that occurred in Kumamoto, Japan, in 2016.

“Construction companies have incentive to hide the fault. They usually never research the outcome after finishing constructing buildings,” Kameta tells CoinGeek. “From my quick study of the structural dynamics field, it doesn’t make sense much, and [I] thought non-linear AI [artificial intelligence] analysis will be much efficiently and accurately describe the structural motion of the buildings, so I set that to blockchain and let everyone access the truthful data survived through earthquake by distributed ledger, and build system using AI.”

This way, Kameta said people from anywhere around the world can access the data, which they can use to come up with their own model for predicting earthquake impact. He notes, “That can be more important than Google’s analyzing images and language structure, at least for Japanese, and countries with many earthquakes.”

Zweispace has already recorded data gathered from its “detectors connected to Internet,” or their “Internet of Things (IoT) sensors.” Kameta, however, clarified that no private information is revealed since they only record data “roughly by longitude, latitude and height, like AirBnB property location.”

The data is recorded on the BSV blockchain, which Kameta describes as a “simple” blockchain that allows his team to manage the challenges they encountered with this initiative. Zweispace has been using the BSV chain, which emphasizes security and is regulation-friendly, as its public blockchain for real estate data storage.

And that’s just the opening salvo for Zweispace. According to Kameta, “other sensors are ready” to gather more data soon.

How DrawBridge Lending bridges gap between traditional assets and Bitcoin

How DrawBridge Lending bridges gap between traditional assets and Bitcoin

It may have been heralded as the key towards financial inclusion, but Bitcoin still has a ways to go before it can finally bank all of the unbanked. Can lending bridge the gap between the current financial system and the emergent cryptocurrency market?

For coin lending platform DrawBridge Lending, the answer is a resounding yes.

Jason Urban, CEO of the Chicago-based investment and lending firm, describes lending—both for fiat and crypto—as an essential tool for assimilation. In an interview with CoinGeek, Urban explains:

“For more mainstream adoption of digital assets and cryptocurrency, we need a more developed ecosystem. Ancillary businesses beyond trading and exchanges give greater flexibility to other businesses like vendors, miners, and agencies that require payment. Leverage allows for increased buying power and flexibility for holders. Moreover, lending is vital for treasury management for businesses dealing in or accepting cryptocurrencies as payment.”

DrawBridge Lending is a relatively new player in the crypto lending services market. The firm, however, is drawing on its decades of traditional market experience to offer better products to the crypto space. DrawBridge is a licensed lender capable of providing commercial loans in 47 states and the Washington, D.C., and is a U.S. Commodity Futures Trading Commission (CFTC) regulated commodity trading advisor (CTA) and commodity pool operator (CPO).

“The DrawBridge team has decades of experience in the trading industry with firms such as Goldman Sachs, DRW (Cumberland Mining’s parent), and ABN Amro,” Urban tells us. “The key differentiator for DrawBridge is our use of financial markets and instruments to offer better products to the marketplace. The lending products we structure have no margin calls and all our loans are non-recourse. That means we will never ask a client for more coin or fiat if the price of the asset falls. Additionally, the cash we advance to the client is only secured by the asset pledged. We will never look beyond the pledged asset for the settlement of the loan.”

DrawBridge recently did just that with Bitcoin SV (BSV). The firm loaned a seven-figure sum secured by BSV and SegWitCoin BTC with a 3% interest rate—below the standard market rates. And because DrawBridge offers non-recourse loans, the borrower is able to retain BSV’s price appreciation while still generating sufficient returns to pay their loan. (Learn more about it here.) Urban admits receiving a cash loan against cryptocurrency is a relatively risky concept, especially for lenders, which are conservative creatures by nature.

‘Long term greedy’

“Volatility of the underlying asset is not viewed as a positive in those circles and crypto may be one of the most volatile asset classes on the planet,” Urban said. “Since we at DrawBridge utilize the wholesale lending market to source our lending capital, it is imperative that we ensure the lenders get their principal back. We employ derivatives to not only protect the principal but to also create income for the coin holder.”

DrawBridge follows Goldman Sachs’ mantra of being “long-term greedy,” which it does “by putting the customer first and offering a ‘white glove’ approach” to its clientele.

Urban explains, “We are uniquely positioned in that we can help monetize a client’s crypto but also produce some income to buy down their rate. All this is done with their full understanding and permission.”

Dr. Craig Wright, Jimmy Nguyen deliver Bitcoin’s truth at Oxford Union

Dr. Craig Wright, Jimmy Nguyen deliver Bitcoin’s truth at Oxford Union

The Oxford Union Society recently delved into a discussion about truth—the truth of Bitcoin, in particular.

Founding President of the Bitcoin Association Jimmy Nguyen and nChain Chief Scientist Dr. Craig Wright, the creator of Bitcoin and the man behind the pseudonym Satoshi Nakamoto, took the Oxford Union podium to talk about Bitcoin—Bitcoin SV in particular—and answer questions from the audience.

In his opening speech (0:42), Nguyen said, “In reality, Bitcoin is really about truth, and it’s not something people really think about, so I want to explain to you three things today: why Bitcoin was born for truth, how Bitcoin’s history has devolved from that truth to things that you probably don’t realize, and finally, how we, with Craig and our team at nChain and many partners around the world, are trying to bring back truth to Bitcoin in the form of Bitcoin SV and it’s true Satoshi Vision.”

“There’s far too many blockchain projects in the world. There’s far too many cryptocurrencies. Just like the world operates on a single, global, public internet, our vision is the world operates on a single, global, public ledger where the truth of information, title changing of property from one hand to another, the custody of goods and supply chain management is all tracked out in the open on a single source of truth, which is the Bitcoin blockchain ledger,” Nguyen added. (7:09)

Watch how it all went down:

The Bitcoin Vision: Episode 14

The Bitcoin Vision: Episode 14

Founding President of the Bitcoin Association Jimmy Nguyen is back this week for another update on technical developments in the Bitcoin SV ecosystem. Bitcoin SV is rebirth of the original Bitcoin, finally unlocking the true power of Bitcoin’s original design, protocol, and Satoshi Vision.

As always, there’s been more rapid growth in the ecosystem. This week is still all about growth as Nguyen looks at existing companies applications that are expanding their business or services on BSV, including UNISOT, WeatherSV, and RelayX and Relay One.

Norwegian company UNISOT recently secured some investors in its seed round, including tech entrepreneur and founder of Ayre Media, Calvin Ayre. UNISOT is building a supply chain management solution on the Bitcoin SV blockchain. This solution leverages Bitcoin blockchain’s ability to act as the Universal Source of Truth, and BSV’s massive scaling capacity to support enterprise-level activity.

UNISOT plans to use digital tokens and a smart contract system with a BSV-based token as they deliver improved Enterprise Resource Planning (ERP) systems, with the addition of security and use of tokenization that BSV blockchain technology offers. Read more about UNISOT and its recent funding round here.

Meanwhile, the team behind Weather SV has also made a couple of announcements. First, in celebration of the almost 250 active weather channels, WeatherSV has committed to one year’s worth of channel funding, based on current fees, with each new activation.

Second, WeatherSV has also enabled a JSON API endpoint that is accessible from the blockchain. With this feature, users can now access the weather channel data from on-chain resources. Check it out here.

Jack Liu also relayed more good news for the Bitcoin SV ecosystem. The RelayX “Super Wallet” founder has announced Relay One, a simple button that allows online e-commerce, platforms and independent sites to accept payments from any local payment form that has been integrated in the Relay blockchain settlement network.

Jack explained in a Medium post how “The One button can easily be plugged into any website and appears just like any other payment method.” At launch, Relay will support payment forms including Bitcoin SV as well as WeChat Pay, and Alipay. Stay tuned because Relay will be opening private testing soon for interested merchants.

This week’s Satoshi shout-out goes out to the three finalists of the first ever Bitcoin SV Hackathon. Over 200 developers from 19 countries joined Bitcoin Association’s first ever virtual hackathon on BSV, and because the quality of the entries was so high, the judges named 14, rather than the originally expected 10, semi-finalists. From there, the entries were narrowed to the top 3: TonicPow, UptimeSV, and Polyglot.

Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of Metanet protocols through Python, while TonicPow enables peer to peer advertisements, allowing users to monetize their sites and earn BSV directly from advertisers, and UptimeSV is a distributed performance & uptime monitoring for robust, DDoS-hardened enterprise systems.

Watch The Bitcoin Vision: Episode 14.

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

BSV Hackathon finalist Polyglot makes it easy to integrate Metanet protocols via Python

BSV Hackathon finalist Polyglot makes it easy to integrate Metanet protocols via Python

All Hayden Joshua Donnelly wanted to do was have a bit of fun, and also kick off an idea he had in mind. Now, he’s flying to Toronto to present his project—Polyglot—for the ultimate judging at the CoinGeek Toronto scaling conference on May 30.

The New Zealand-based developer, who goes by the user name “AustEcon,” is among the over 200 developers from 19 countries that joined Bitcoin Association’s first ever Bitcoin SV (BSV) Hackathon, a virtual hackathon on BSV. The quality of entries was so high that the judges named 14, rather than the originally expected 10, semi-finalists, and from there, the entries were narrowed to the top 3: TonicPow, UptimeSV, and Polyglot.

Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of Metanet protocols through Python, smoothing the entry path for new developers to BSV. Donnelly tells CoinGeek:

“Polyglot takes all of the awesome and synergistic protocols on top of the Bitcoin platform and makes it as easy as possible to interface with them. My hope is to attract new developers but also everyday people into this space by giving them the tools to harness the full power of the Metanet for their own creations and everyday life.”

Donnelly first learned of Bitcoin in 2012, rediscovered it “for what it really is” after he immersed himself in the Austrian economics, and has been hooked since then. He also started dabbling in Python programming in 2014 as a creative outlet, contributing to an open source project called bitcash before taking up the reins with the BitSV project, which is a simple library for python “that does all of the ‘bread and butter’ Bitcoin transaction stuff.” For the BSV Hackathon, which was held on May 4-5, AustEcon entered as an individual “for a bit of fun and to kick off an idea I had in mind.” The rest, as they say, is history—in the making.

Polyglot, along with the two other finalists, will have the opportunity to present at the CoinGeek Toronto conference. They will be judged by four expert judges, plus a vote by the entire conference audience.

Donnelly said, “It took me about two days to calm down after hearing that I’d be flying to Toronto (from New Zealand) to be in the presence of so many of my personal heroes and inspirational figures as well as meeting all the amazing people I’ve connected with online over the past few years. It’s a dream come true and I can’t wait to meet all of you.”

Of the other projects, Donnelly said he is interested in peer-to-peer advertising platform TonicPow, which he thinks he can use in the future for a non-Bitcoin related project he had in mind. According to the developer, TonicPow has “a crisp, clean design and an easy way to monetize a webpage.”

The winner of the BSV Hackathon will be announced at the conference’s end, with first place winning 250 BSV, second place 100 BSV, and third place 50 BSV. The finalists will also have the chance to be considered for investment by technology entrepreneur Calvin Ayre, founder of Ayre Media.

If he wins, Donnelly said he plans on giving a token of appreciation several groups—and maybe take a tour around Toronto.

“If I win, I would like to give a token of my appreciation to some of the contributors to the bitsv library. I really appreciate those guys as a sounding board and to fill gaps in my knowledge. We’ve had some great discussion lately about getting bitsv to a production version release,” the developer said. “I’d also like to take a bit of a tour around Toronto and shout my colleagues in New Zealand something nice for covering me at such short notice to get here to Toronto.”

The virtual hackathon is a lead-up to popular Bitcoin event, the CoinGeek Conference, taking place in Toronto for a two-day happening at The Carlu on May 29-30. Get your tickets today by registering online. Aside from the hackathon, there will be many exciting developments on the BSV ecosystem that you won’t want to miss.

Roger Ver snub prompts Craig Wright’s lawyers to seek court order over libel claim

Roger Ver snub prompts Craig Wright’s lawyers to seek court order over libel claim

Legal representatives for Dr. Craig Wright are about to serve Bitcoin.com CEO Roger Ver legal papers in Japan.

Wright recently filed a legal claim for libel against Ver, who was featured in an April 15 video on Bitcoin.com’s YouTube channel declaring that “Craig Wright is a liar and a fraud. So sue me. Again.” The video has since been taken down, after it was pointed out that posting libelous material is a civil and criminal offense in Japan, and punishable by up to three years’ jail time.

Ver, however, has yet to make a public apology to Wright, despite warnings from the latter’s lawyers that legal action would follow unless Ver agrees to issue the necessary apology—either via his personal online accounts or via Bitcoin.com.

Ver was personally served with the legal papers by Dr. Wright’s representatives on May 2 at Hoxton Square Bar and Kitchen in London, where a hastily organized Bitcoin Cash (BCH) event was held. At the time, Ver told the representative that he would accept service of the court documents by email to his Bitcoin.com address, or to [email protected]. But when sought for a written confirmation, Ver didn’t respond to Wright’s attorneys.

In response to the snub, Wright’s lawyers are now seeking a court order allowing them to serve the documents out of the jurisdiction on Ver in Japan, where he currently resides.

In his libel claim, filed before the UK’s Royal Courts of Justice, Queen’s Bench Division, 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 Wright’s claim to being the individual behind the pseudonym Satoshi Nakamoto. Contrary to Ver’s “again” statement, this is the first time that Wright had taken legal action against the so-called “Bitcoin Jesus.”

It’s worth noting that Ver had been publicly supporting Wright’s claims as Satoshi until the nChain chief scientist broke off from the BCH camp to launch Bitcoin SV (BSV). As the driving force behind the BSV protocol, Wright is convinced that the attacks against him are intended to take down BSV as the protocol—capable of massive on-chain scaling—represents a threat to the future of other cryptocurrencies.

Wright will be a featured speaker at the upcoming CoinGeek Conference in Toronto on May 29-30, which welcomes supporters of all cryptocurrencies. If you believe in the vision of the original Bitcoin white paper, and get excited when you think about the unlimited possibilities with Bitcoin SV, there’s still time to register for the CoinGeek Toronto scaling conference, and you can even save money by using BSV via Coingate.