Bitcoin Association propels BSV projects into businesses with first ever Pitch Day

Bitcoin Association, the global organization for Bitcoin businesses, gathered a group of investors recently in Seoul to delve into a collection of BSV projects pitched by its creators and explore potential business opportunities with them.

Bitcoin Association created an avenue through the first ever Pitch Day for these ventures and commercial projects to get access to funding from investors, and improve their BSV-driven ideas and products further, and consequently, turn these projects into actual businesses.

The whole day Shark Tank-type event catered to 14 pre-screened, enthusiastic participants from different parts of the world, including China, South Korea, Japan, Italy, Mexico, and the United States. The “pitchers,” ranging from seasoned entrepreneurs to young developers, went through the same process: each was given maximum of 30 minutes to present their ideas and answer questions by the investors interested in the BSV ecosystem from across Asia, Europe and North America.

The investors had insightful questions, which shows they understand the space well, according to Mike Gamaroff from Wheedl, one of the commercial ventured that pitched.

“They’re not playing. They are here for business,” he told CoinGeek, adding, “You expect when you were asked questions, you’re going to have a quick answer. I learned quite a lot actually. I thought, ‘you’re right’ I’ve got to go back and do that.”

Developer Joonyeong Park, who has no experience running a business, made his debut speaking in front of an investor panels at this event. This showed that the organizers were open to anyone—old and new – as long as you have a promising business idea.

The investors responded positively to Park’s pitch by asking a series of questions, showing interest to his product. This made him excited after his presentation.

Among all the presenters, Park was the one who asked for the lowest funding—US$100,000—which made one of the investors share this tip with CoinGeek for future project holders.

“Don’t ask for too little money and at the same time, don’t ask for too much. It’s a fine balancing act,” advised Alex Fauvel from TwoHop Ventures.

Founding President of the Bitcoin Association Jimmy Nguyen thought the process challenged these young entrepreneurs to evaluate their business plan. He added, “think about things like how to generate revenue, what’s my operating expense going to be, how much money do I need to raise, who are my competitors, all those things that, as someone who has worked in the business world for a long time, I know you need to do for business planning.”

This Pitch Day is only one of the many initiatives that Bitcoin Association is doing to support the growth of the entire BSV ecosystem. Recently, Bitcoin Association has announced another initiative—sponsoring the Cambridge University Metanet Society to conduct events that educate and promote the powerful capabilities of the BSV protocol, blockchain, and cryptocurrency.

In 2020, the organization plans to organize the second Pitch Day in London, the same week the CoinGeek Conference will be held in the city.

Japan Blockchain Conference 2019 highlights

Japan Blockchain Conference 2019 highlights

Now on its second year, the Japan Blockchain Conference continued to open the doors of Japan for investors and organizations from around the globe venturing into the crypto and the blockchain space.

Held in Yokohama and supported by the Ministry of Economy, Ministry of Foreign Affairs, Trade and Industry and Economic Affairs Bureau, this two-day event showcased latest developments and insights within the ecosystem from top companies and thought leaders in the country and the rest of the world.

One of the key topics this year is the use case of blockchain for various industries and enterprises. Rakuten, Japan’s e-commerce giant and one of the world’s top internet companies, has shared their company’s initiatives with blockchain.

Naojiro Hisada, Rakuten Inc. executive officer, spoke about the developments happening in their company including the Rakuten Blockchain Lab. This project aims to provide platform services for cryptocurrency, key custody and enterprise blockchain. Two of these projects are the Rakuten Energy Trading System (RETS) for data carbon offset trading and R-Star, a coin rewards system that the company rolled out internally. Hisada was mum about Rakuten accepting Bitcoin Core (BTC) payments this year after their acquisition of Everyone’s Bitcoin crypto exchange in 2018. He expects an announcement will be made in April.

Jimmy Nguyen, Bitcoin Association Founding President, spoke about the latest developments in Bitcoin SV. The one and only true Bitcoin has now opened up a whole new world of uses and is set to become the world’s data network and storage carrier after a single, no-hard-fork-needed change within the Bitcoin blockchain protocol was made recently. Nguyen updated the audience about the lifting of the data size limit of OP_Return, the functionality that allows embedding data into the blockchain. This simple yet impactful update now enables a single transaction within Bitcoin SV blockchain to hold 100KB of arbitrary data, and will be much higher in the future. This means that there is a full world of opportunities of what enterprises can do with Bitcoin SV.

When people hear about blockchain, a lot immediately thinks of crypto or even payment methods. However, there is more to blockchain than that. This event has opened conversations about data in blockchain. Some thought leaders from the crypto space—Dr. Craig Steven Wright and Alexander Shuglin—shared their views on data, creating content, monetizing and protecting these through the use of the blockchain.

According to Shulgin, “This decentralized ledger will allow the move of a lot of content.” He added, “Content, especially entertainment and media content will generate so much traffic around this.” He add these useful data will then be mined and be used by future sectors like smarts cities and industrial internet of things.

Wright has shared his views on the internet. He believes that the whole concept of data needs to be free is the biggest problem on the internet. With Bitcoin SV, content creators such as publishers and artists can monetize their data. He added that data wants to be valued, explaining, “When it’s valued, it becomes information and information is critical.”

To watch the full interviews from the Japan Blockhain Conference as it comes out, Subscribe to CoinGeek.com for updates.

Japan Blockchain Conference: Dr. Craig Wright wants to do one thing—give solutions to businesses

Japan Blockchain Conference 2019: Dr. Craig Wright wants to do one thing—give solutions to businesses

Bitcoin SV is in rapid growth and with its emergence, Satoshi Nakamoto’s vision of a true Bitcoin is alive again with the one and only true Bitcoin—a secure, stable, scalable and regulation-friendly platform where enterprises of the world can build on.

nChain Chief Scientist Dr. Craig Wright was in Yokohama for the recently concluded Japan Blockchain Conference 2019 and spoke about technical inventions and enterprise uses for the Bitcoin SV blockchain. One of the key points he discussed is storing of data on a blockchain immutably compared to the internet where data privacy and security are at risk.

Wright also talked about one of Bitcoin SV functions that would be of value to enterprises that is EDI or the (Electronic Data Interchange). This is a computer-to-computer exchange of business documents in a standard electronic format between commercial organizations and even trading partners. As usual, Craig pointed out the importance of privacy.

How EDI will benefit businesses?

With EDI, processes are streamlined and those that consume more time are eliminated. This means that there will be more efficiency as exchanging data can be done within seconds. Accuracy is expected as there will be reduced human intervention leading to fewer human errors. With less human intervention, some expenses related to producing and logistics will be eliminated, which, in return, minimizes costs.

As regards to transactions, these will be done in real time, enabling faster and enabling enterprises make better and improved business decisions. Enterprises will have access to suppliers and customers giving them the opportunity to respond faster to ever changing customers’ demands with more accurate information. An improved business performance will consequently lead to better business relationships.

Wright also added that what they’re working on with the Bitcoin SV blockchain protocol is to provide access to these functionalities. He added, “What I want is companies using data, people using data, people using the blockchain.”

He also pointed out that Bitcoin is not anonymous because it’s meant to be honest, saying, “I don’t want it so that people can do ICO scams. I don’t want any of that stuff. I will help any government quite happily to take that shit down because I want average people using it. I want everyone in this world to have better access to data.”

He added, “We’re just going to do one thing. We’re going to give solutions to business.”

To know more about these enterprise uses, watch the full video.

Blockchain Japan Conference 2019: Bitcoin SV will become world’s new data network, storage carrier

Japan Blockchain Conference 2019: Bitcoin SV will become world’s new data network, storage carrier

Bitcoin SV has now opened up a whole new world of uses and is set to become the world’s data network and storage carrier after a single, no-hard-fork-needed change within the Bitcoin blockchain protocol was made recently.

nChain’s Jimmy Nguyen spoke about this vision at the recently concluded Blockchain Japan Conference 2019 in Yokohama. He shared this is what is going to happen for Bitcoin SV after the data size limit of OP_Return, the functionality that allows embedding data into the blockchain, was lifted. This happened with developers and miners coming together to agree to lift this limit without doing a consensus change to the Bitcoin SV blockchain protocol.

This simple yet impactful update now enables a single transaction within Bitcoin SV blockchain to hold 100KB of arbitrary data, and will be much higher in the future.

“So what happened as result of this? What happened is people started very quickly in the last week come up with powerful new ways to embed data in the OP_Return transaction field,” Nguyen said.

Some of examples are embedding the entire text of the book Alice in Wonderland, which is 53KB, in a single OP_Return transaction field. This led to this anonymous, prolific Bitcoin developer known with a Twitter handle @_unwriter to create a serverless website based upon Alice in Wonderland inside a single Bitcoin SV transaction push data.

Bitcoinfiles.org has also emerged to create a dropbox on the blockchain allowing anyone to store and access files, images and content on a content delivery service on Bitcoin SV. Other developers embedded a piece of a music file, a clock and even a chess game.

These are now all possible simply because data size limit of OP_Return was lifted. Nguyen said, “It will also show you the power of believing in the original. The original Bitcoin didn’t have a limit on the OP_Return data size. We lifted the limit and within the week, all of this has happened.”

What do all these mean for businesses?

This means that there is a full world of opportunities of what enterprises can do with Bitcoin SV.

Bitcoin SV also allows enterprises to create tokens that operate in a real world of real laws. These tokens created exclusively within Bitcoin SV were built for businesses to comply with securities and other laws in any jurisdiction around the world.

Nguyen added, “Most importantly, it supports many different asset types.” Some of these are utility tokens used by consumer facing businesses—tickets, transportation, coupons and even carbon credits for the energy industry, and security tokens such as shares, bonds, derivatives and hybrid security.

“If they (enterprises) trust in the original version of Bitcoin to have unlimited block size, unlimited technical capacity, and unlimited belief then you, too, will join what we believe is the future of the single, global public blockchain, ” he added, “it ends with Bitcoin SV just where it begins with a Satoshi vision.”

Deconomy 2018 - Day 2 Summary

Deconomy 2018 day 2 summary

Cryptocurrency exchange Bithumb kicked off the second day of the Deconomy 2018 with an overview of South Korea’s growing cryptocurrency market, considered to be the largest in the world. Bithumb Vice President Jung-a Lee took the stage and gave a rundown on the growth the company has experienced in the past six months.

With trading volume reaching a daily record high at KRW3.2 trillion and a current market share of 40-55%, Bithumb shared security measures for the overheating market. In the wake of the latest cryptocurrency cyber-attack in Japan, Coingeek.com spoke to Sangyup Lee, Bithumb’s head of PR, on how the company can prevent this from happening in South Korea.

“We also have experienced some security issues last November, but we have made a lot of improvements in our security system, so we now have some security software which ensures people that their accounts are safe and also convenient to trade,” Lee said.

The highlight of Deconomy 2018’s Day 2 focused on the decentralized platform and shared global infrastructure, Ethereum. Research scientist Vlad Zamfir started the segment speaking about blockchain governance. He stated that there is no need to rush legitimizing blockhain governance nor choose a solution that is convenient to empower certain stakeholders over others as this may result in negative consequences down the line.

“We need to be careful not to just quickly legitimize everything because we’re anxious we don’t have clear governance processes,” Zamfir said. He also added, on the contrary, that the community needs to be mindful that if they don’t legitimize anything then they won’t have any governance process either.

He recommended to have a public conversation and build legitimacy on blockhain governance. “If we don’t have legitimate blockchain processes, someone else might govern for us,” Zamfir concluded.

Zamfir later joined an Ethereum research scientists panel led by Vitalik Buterin. Moderated by Joseph Poon, the group discussed the importance of scaling and opened up about the challenges around it.

“One of the greatest barriers to this space’s growth in a more productive way is the dissemination of the information that will allow people to evaluate and validate these protocols themselves,” said research scientist Karl Floresch.

Buterin closed the day with an “Ethereum vision” speech, which focused blockchain’s potential and efficiency. “The point of all these is that there is a large set of designs that we could choose from if we want blockchains that are more efficient,” he explained. He added that the community can use a combination of on-scale improvement like sharding and plasma, and do things like state channels. Although Buterin didn’t provide any clear timeline for these solutions, he claimed that it’s more cultural and social factors that are slowing down the process.

He ended his speech with statements on the current state of where blockchain is. “Finding the right end part of the space for your application to be in, fully developing the all the corners of the space and making all the corners of the space as easy to use, as easy to develop and as easy to build things in and really trying to figure out how much you can really get if you want it,” Buterin said, “that’s what I think the next phase of the blockchain space is about and that phase has already begun.”

Also watch: Deconomy 2018 Day 1 summary

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Top names in crypto space toast to Bitcoin BCH in nChain exclusive party

Top names in crypto space toast to Bitcoin BCH in nChain exclusive party

Blockchain technology research and development specialist nChain Group gathered the brilliant minds of cryptocurrency as well as supporters of Bitcoin Cash in Tokyo, Japan, recently for an exclusive dinner party.

The group who were in town for the Satoshi’s Vision Conference, which was organized by Bitcoin Unlimited, were composed of the top names and thought leaders within the cryptocurrency space. nChain Group’s very own Chief Scientist Dr. Craig Steven Wright was in attendance together with Bitcoin.com CEO  Roger Ver and CoinGeek owner Calvin Ayre.

The night was also a celebration of the synergy and collaboration among Bitcoin groups who continue to work for the growth and development of Bitcoin Cash, the only Bitcoin that remains true to the Satoshi Nakamoto white paper.

nChain Group CEO Jimmy Nguyen thanked  the guests for supporting Satoshi Nakamoto’s vision for Bitcoin and proposed a toast to the thriving Bitcoin Cash.

Incidentally, Nguyen will also serve as the host of the upcoming CoinGeek Conference on May 18. The one-day event will take place at the Four Seasons Hotel in Hong Kong, featuring presentations and panel discussions by focusing on merchant adoption as well as the integration of Bitcoin Cash and blockchain technology into various areas of businesses.

The upcoming conference, which is also hosting an after-party courtesy of CoinGeek.com owner Calvin Ayre, is shaping up to be a landmark in merchant adoption and education in the benefits of Bitcoin BCH, which features bigger blocks, faster speed, and lower transaction fees.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/top-names-crypto-space-toast-bitcoin-bch-nchain-exclusive-party-video/

Deconomy 2018 day 1 summary

Deconomy 2018 day 1 summary

Seoul, the critical hub for blockchain and cryptocurrency in South Korea, is hosting to the first annual Deconomy 2018. The two-day forum brings together intellectuals and the brightest minds from the digital space, entrepreneurship, the academe, and thought leaders and enthusiasts of cryptocurrencies.

With over a thousand attendees, the day one was inaugurated by a special keynote by David Chaum, cryptographer and recognized as the inventor of digital cash. Chaum is famous for creating ecash in the 80s, and has been an important figure in the development and innovations in cryptography.

The launch of bitcoin in 2009 has opened the world into the possibilities of how we live and will live in the future with blockhain. As paradigm shifts into open, public protocols within the technology, more projects that are actively underway are expected to grow the cryptoworld’s future even further.

Several of these projects were presented by some of the biggest names in the crypto space. Ripple Chief Cryptographer David Schwartz presented Ripplenet, a frictionless global epayments solutions. He also added how Ripple continues to carve its own niche in the industry with its latest products Xvia, xRapid and xCurrent. Lightning Network’s creator Joseph Poon also gave an overview of what Plasma is, a system of smart contracts built on top of Ethereum. Poon also shared his thoughts on scalability structures and advised to be very skeptical about it as a lot of ‘bullshit’ is happening in the space. He has not elaborated what these are, though.

These presentations were preceded by a keynote speech by financial cryprographer Ian Grigg who talked about the need to make identity work in the blockchain space. To do that, Grigg said trust is needed—after all, trust makes your identity safe, nurtured and growing.

Grigg later joined the first panel and discussed the journey and the evolution of Bitcoin with Schaum, nChain Chief Scientist Dr. Craig Wright, and Mattereum co-founder Vinay Gupta, who admitted to have experienced a lot of failed revolution in the past. The morning session ended with panelists offering advice on how not to become a victim of a failed revolution: Take risks. Continue working hard no matter what other people say about you or what you do, according to Wright; Find a use of case when creating products or services, said Grigg; Create something that of value to the society, said Chaum; and don’t be afraid to work on old ideas, said Gupta.

The second half of the forum kicked off with simultaneous sessions discussing the state of blockchain, market trends and the views of traditional financial businesses. As the global interest in Bitcoin increases, the cryptocurrency market expands beyond financial institutions leading to the creation of more blockchain-supported businesses and investments.

Investors and entrepreneurs venturing into the space shared their positive outlook despite the recent drop on the value of cryptocurrencies. “I think this will correct and the main cryptocurrencies again as they typically do,” nChain Group CEO Jimmy Nguyen said, noting that this event may scare some people for a short term but not necessarily a bad thing in the long run as it will funnel out ICOs and alternative coins.

Air Asia’s CEO Tony Fernandes who spoke at this event shared how being in the blockchain space is the place to be for his company. “Air Asia is always trying new things, and change management is what we are about,” he said, “so being here has been an experience for me. Air Asia is all about modernization…(blockchain) That’s why we’re here.”

The late afternoon sessions brought on the most interesting discussions on Bitcoin and the controversies surrounding it, featuring the best pool of speakers a crypto event could bring together. Blockstream CSO Samson Mow, Bitcoin.com Roger Ver and Dr. Craig Wright spoke respectively about their passion—Bitcoin and the Future, How Digital Currency Will Change the World, and A Visual depiction of Bitcoin Scaling and Enterprise Growth. A notable moment during these sessions was when Ver, who talked about the impact of Bitcoin on economic freedom, showed a slide with Bitcoin Core and Blockstream logos, and emphasized how the Core group has been delaying the adoption of Bitcoin, thus preventing more people to achieve economic freedom.

The day closed with an intense, one-on-one panel on Bitcoin scaling between Mow and Ver, which turned into a heated debate about BTC and Bitcoin Cash. Ver who has been challenging Mow for a debate for quite some time was clearly at the forefront.

“Samson has made one Lightning network payment this week, and I’ve made countless Bcash payments today. Therefore, lightning network isn’t being used,” Ver said responding to Mow’s answer about the number of transactions he made with the Lightning Network. Ver added, “Samson can only name three merchants that accept Lightning network. Therefore, only three exist.”

Ver emphasized, “Bitcoin Core is some science project for people who live in first world countries.”

When moderator Jeff Paik asked about why there is so much animosity between the two, Mow answered, “Now that you (Ver) have your own coin and BCH people have their own chain to promote, there really doesn’t need to be any animosity.”

During the Q&A session with the panel, Ethereum founder Vitalik Buterin called out Dr. Craig Wright who previously asked a question to the panel. Buterin questioned the organizers why Wright was allowed to speak at the conference forcing the organizers to cut the debate—which has gone overtime—much to the dismay of the attendees.

Also watch: Deconomy Day 2 summary

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/deconomy-2018-day-1-summary-video/

CoinGeek takes Tokyo by storm to celebrate Satoshi’s Vision

CoinGeek takes Tokyo by storm to celebrate Satoshi’s Vision

CoinGeek.com, the cryptocurrency news site founded by Antiguan entrepreneur Calvin Ayre, recently flew to Japan for the Satoshi’s Vision conference and threw a party for its attendees.

With a fabulous view of the city lights at the heart of Shibuya in Tokyo, conference delegates were treated to a fun networking night, great music and overflowing drinks. Guests from over a dozen countries include big names in the cryptocurrency space, such as nChain CEO Jimmy Nguyen and Chief Scientist Dr. Craig Wright, Bitcoin.com CEO Roger Ver, Bitcoin Unlimited President Andrew Clifford, and Bitcoin ABC lead developer Amaury Séchet.

The networking night paved the way for the delegates to discuss the latest trends as well as developments the Bitcoin community has been working on. It also became an avenue for more entrepreneurs and investors to meet and explore the possibility of changing the world through the integration of Bitcoin Cash into their businesses.

“Finally, we have a Bitcoin party that brings Bitcoin back to what it really was meant to be—currency that you can use, something that you can spend, and the best place to store value,” said Antiguan entrepreneur Calvin Ayre, owner of CoinGeek.com.

The night was just a teaser of what’s going to happen at the CoinGeek Conference in May this year. The one-day event will be held at the Four Seasons Hotel in Hong Kong, featuring presentations and panel discussions focusing on merchant adoption as well as the integration of Bitcoin Cash and blockchain technology into various areas of businesses.

The upcoming conference, which is also hosting an after-party courtesy of CoinGeek.com owner Calvin Ayre, is shaping up to be a landmark in merchant adoption and education in the benefits of Bitcoin BCH.  With its bigger blocks, faster speed, and lower transaction fees, Bitcoin BCH represents the truer vision of Bitcoin as a peer-to-peer electronic cash system.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/coingeek-takes-tokyo-storm-celebrate-satoshis-vision-video/

Satoshi’s Vision Conference day 3 recap

Satoshi’s Vision Conference day 3 recap

As more businesses try to get into the digital currency landscape, a session on cryptocurrency investing opened the third day and last day of the Satoshi’s Vision Conference in Tokyo.

Bitcoin anthropologist Christina Storey explained the importance of good investors in this space and shared the top qualities on how to become one: indifference to other people’s opinion, skepticism, and willingness to plan for luck. Storey stressed that in investment space, you have to be willing to recognize that you are always interacting with unforeseen events that may occur to you as the investor or unto your investment vehicle. She also mentioned how people tend to become cult members of their own belief, so it’s not a bad thing to cultivate doubt when looking for an investment.

Limited access to traditional banking system and a high number of remittances from abroad have made Africa a crypto-driven market. Lorien Gamaroff, CEO and co-founder of South Africa-based Bitcoin wallet Centbee, talked about how huge the crypto market in Africa and crypto adoption in this region. He explained how his company plans to help Bitcoin Cash reach mainstream adoption through its product.

“What we’re trying to do is make the experience very much like an existing social media like WhatsApp or Twitter,” he shared. He added, “If the Bitcoin experience is exactly the same as that (using WhatsApp and Twitter), then adoption will grow a lot more.”

Coinbase Senior Engineer Josh Ellithrope had an energetic update about the integration of Bitcoin Cash in their system during his presentation. He also shared recent developments like CashAddr, whose support helped mitigate people sending funds to the wrong chain, and Buy Widget. This new product enables third party developers to embed Coinbase buy functionality into their websites and applications.

Just when you thought the conference won’t get any better, Dr. Craig Wright entered like a true rock star with Metallica’s Enter Sandman blaring in the session hall. The nChain Group chief scientist discussed Bitcoin Network Topology, and also emphasized the importance of the Bitcoin community uniting as one.

“We’re going to build Bitcoin Cash as an ecosystem. I don’t want a fragment system,” Wright said. “To be strong, it’s not that we are centralized, it is that we are a whole. To be strong, we have to be unified and united. This is what happened. This is what corrupted us. We became split. We became divided.”

Dr. Wright ended his speech with a simple and yet powerful statement, “The power of Bitcoin is within Bitcoin. The power to make it work is in us,” and was received with applause and standing ovation from the audience.

Also watch: Day 1 and Day 2 of the Satoshi’s Vision Conference

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-3-recap-video/

Satoshi’s Vision Conference day 2 recap

Satoshi’s Vision Conference day 2 recap

The second day of the conference continued Saturday in Tokyo, Japan, with presentations around the future of the digital coin, Bitcoin Cash, the result of the hard fork from the legacy Bitcoin (BTC) chain in August 2017.

Keynote speaker Roger Ver, CEO of Bitcoin.com, talked about creating a decentralized cryptocurrency that gives economic freedom to the world. He explained economic freedom allows people to have the ability to make choices, which, in turn, will lead to higher per capita income and better income for the poorest 10%, improved environmental protection, higher literacy rates, less corruption and bribery, and people may even live longer.

The impact Bitcoin makes on economic freedom such as enabling people to establish businesses easier, promoting free trade, enforcing property rights and allowing people to opt out from corrupt systems were expounded during his speech. Ver believes that the best tools to achieve these goals are cryptocurrencies like Bitcoin. He added, “I think Bitcoin Cash has the biggest chance of doing that because it has the Bitcoin name. It has almost all the early adopters of Bitcoin, all the people that made Bitcoin useful as a currency around the world, supporting it. It has the most stuff going on.”

Ver also took the time to address the censorship and the propaganda within the Bitcoin community. He said, “If you’re in favor of a censorship-resistant currency for the entire world to use to gain more economic freedom, you shouldn’t be using censorship to promote it. And that’s exactly what Bitcoin Core supporters have been doing which should be condemned by anybody who supports free speech.”

Ver also announced that Bitcoin.com will be dropping Bitcoin Core (SegwitCore) wallet and will only be making Bitcoin Cash wallet by default.

Following Satoshi’s Vision of a peer-to-peer electronic cash system, developers have been working on projects that will contribute to the growth of Bitcoin Cash. In an interview with Coingeek.com, Bitcoin ABC’s Amaury Sechet shared some of these projects that are also making progress such as the UTXO commitment work by Thomas van der Wansem. “That is very exciting,” Sechet said, “it’s going to allow very fast synchronization of new node on the network.”

Entrepreneur and staunch Bitcoin Cash supporter Calvin Ayre, who’s producing his own conference in May, was also present in the event and shared his forecast on the future of Bitcoin Cash.

“I think Bitcoin Cash, which is the one true Bitcoin as outlined in the Satoshi’s white paper, is going to become the dominant global public blockchain. The one chain that can do it all. Everything will be on it,” he said.

Also watch: Day 1 and Day 3 of the Satoshi’s Vision Conference

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-2-recap-video/

Satoshi’s Vision Conference day 1 recap

Satoshi’s Vision Conference day 1 recap

Hundreds of developers, researchers and Bitcoin enthusiasts from around the world have gathered in Tokyo, Japan for the Satoshi’s Vision Conference. The three-day conference organized by Bitcoin Unlimited and hosted by Taariq Lewis, CEO and founder of Aquila, featured presentations on building the future of money to bring Satoshi Nakamoto’s vision of a peer-to-peer electronic cash system to reality.

Andrew Clifford, president of Bitcoin Unlimited, welcomed over 400 attendees at the TKP GardenCity Takebashi and shared with us the importance of bringing Bitcoin groups together. Clifford officially opened the conference of more-technical-than-usual discussions on Bitcoin, led by groundbreaking companies as well as innovative thinkers and doers.

Jerry Chan, chief of Digital Asset Solutions of SBI Bits, started the day’s sessions with a talk about making Bitcoin Cash the best money in the world. He presented how to map Bitcoin’s way to global cash and what SBI has been doing from their end to realize this.

In an interview with CoinGeek.com, Chan said, “Mainstream adoption always starts from the grassroots. It always starts with the individuals. But as it moves to the stages of progression, it hits a certain point where institution starts to take notice.” Chan added that mainstream will not be reached without financial institutions and large corporations getting involved in the adoption.

Yours.org co-founder and CEO Ryan X Charles shared how cryptocurrency can be used to reach the level of mass adoption. He said, “We think the best use case of the cryptocurrency is the ability to earn money on the internet so we need to get people to actually spending cryptocurrency.” His company Yours.org is a cryptocurrency social network which enables contributors to earn Bitcoin Cash for content creation.

Researching for the future may not guarantee solutions for present issues and challenges but it will certainly lead to more developments and growth. Developing terabytes of blocks would be excessive at this day and age, but French tech firm Lokad explains the importance of Bitcoin Cash to reach the scale of 1 terabyte.

Lokad’s founder Joannes Vermorel said that a 1 TB block can accommodate 10 billion humans making 50 transactions per day. “I think sound engineering is to plan ahead,” Vermorel explained. “We want to keep the Bitcoin Cash network super reliable, super low cost.”

Also watch: Day 2 and Day 3 recaps of the Satoshi’s Vision Conference

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-1-recap-video/

The Ultimate Fintech Summit Summary

The Ultimate Fintech Summit Summary

Thought leaders and decision makers from the fintech industry in the Philippines recently gathered at the Marriot Hotel in Manila for The Ultimate Fintech Summit.

Organized by Asia CEO Events, the summit aimed to present movers and shakers who are breaking barriers to financial access in the Philippines and the rest of the world.

Over 200 participants from fintech and digital sectors were welcomed by Richard Mills, chairman of Asia CEO Events, to a whole day of sessions focusing on financial inclusiveness, payments, mobile, retail, marketing and data, as well as the topic that most people are curious about—blockchain and cryptocurrencies.

This summit served as the gateway for the fintech community in Manila to learn more about the use of blockchain and cryptocurrencies such as the Bitcoin Cash. Jimmy Nguyen, CEO of the blockchain research and development firm nChain Group, opened the sessions with his winning presentation on how Bitcoin Cash will power the future of Bitcoin commerce (bCommerce). Nguyen explained the reasons merchants should adopt this cryptocurrency—like easier, faster and lower transaction fees—and also pointed out that bitcoin should not be perceived as anti-bank or anti-establishment.

“Businesses in all sectors, whether you’re a bank, payment services provider, technology company, companies in all industries, I’m here to tell you, should be embracing their role in this bCommerce world,” Nguyen explained.

Meanwhile, Israel Keys of Bloom Solutions spoke about his company’s use of the blockchain tech and cryptocurrencies alongside traditional compliance tool for remittance, explaining this technology has helped on reducing costs and faster disbursements of funds.

TagCash’s CEO Mark Vernon also presented his blockchain-based digital wallet which offers various solutions for merchants and individuals under one platform.

Blockchain, the technology underpinning cryptocurrencies like legacy Bitcoin (BTC) and Bitcoin Cash, has been a boost to tech companies and digital services. And as the worldwide adoption of blockchain technology grows, more companies are adopting the technology for ease and more seamless processes.

Lito Villanueva, managing director of FINTQnologies under the PLDT Group and running the largest digital lending business in the Philippines, shared how his company has considered including blockchain in the pipeline of their business agenda. He shared that it’ll be part of their re-engagement and initiatives within the year.

“I think this [blockchain technology] will hasten the process in terms of facilitating greater efficiencies,” Villanueva said.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.