Ryan X. Charles clears up peer to peer misconceptions

Ryan X. Charles has been credited as one of the smartest members of the Bitcoin SV (BSV) community, and for good reason. His Money Button company has been at the cutting edge of Bitcoin innovation, and he’s played an integral part in that of course. In the days that followed CoinGeek Seoul, Charles took to Youtube to discuss some of these innovations and clear up misconceptions.

In his video, “Paymail is P2P & How the Internet Works,” Charles begins by discussing the recent Paymail extensions announced at CoinGeek Seoul. He noted that Money Button has launched full support of the Crypto Operations API, and took some time to explain it more.

As Money Button is a non-custodial wallet, whereby users have ownership of their own keys; but these keys aren’t just for money. Keys can be used to sign and encrypt arbitrary data inside transactions, he notes. He then gives an example of how this works:

You put a variable inside of your OP_RETURN, say something like signature, and then you run the sign operation, and then it will substitute the value of the signature into the signature variable.

He also adds that support for Offchain cryptographic operations is now supported, allowing for decrypting information offchain. This is necessary as many users or businesses would not want to decrypt their data onchain for the world to see.

All of the innovations Money Button is working towards is to move towards “the idea is to create the basic building blocks of an own your data paradigm for the internet,” he explains. We shouldn’t be defaulting to services like Facebook where the service provider becomes the owner of the content. “The way it should work in an own your data paradigm is that you own your data, you decide specifically who you share your data with, such as an advertiser, and they then pay you to deliver you a targeted ad.”

He then turns to Paymail, and a recent Twitter dispute over whether it could truly be a peer to peer (P2P) protocol. The debate, as he summarizes, was that the internet can never be truly peer to peer, which he admits simply due to the architecture of the internet.

But he feels the debate has gotten away from the point of the technology. Paymail isn’t being designed as a way to directly communicate with a peer, which would be nearly impossible, but rather to communicate with a peer in a secure method. “You’re sending a message to someone, only they can see that message. It’s peer to peer in that way,” he notes.

He further explains that Paymail, being encrypted end to end, is as P2P as you can get on the internet. He also talked about the benefits of the protocol, noting that Paymail is designed to scale big or small, for people self-hosting to large services.

He also notes Paymail isn’t supposed to be the final solution of creating identities. Considering emails are the existing identity system of the internet, it’s a solution that works to onboard new businesses and users now with a system that is easily understood and adopted.

It also has some work to be done before he’ll be satisfied with it. He adds that there is a need to send merkle proofs P2P to allow users to confirm validity of transactions, something that’s being worked on, and endpoints for P2P transactions, a system he says is being worked on imminently.

You can check out the full video below, as Charles explains it better than a summary ever could. Take note though, the last two minutes of audio don’t work.

Ryan X. Charles reveals 4 new Paymail extensions at CoinGeek Seoul

Own your data. This was the main message of Ryan X. Charles, founder of Money Button, during Day 1 of the CoinGeek Seoul Conference.

Charles took the CoinGeek Seoul stage on Tuesday, and started his presentation with 3 short clips heavily featuring Facebook CEO Mark Zuckerberg and his company’s much-publicized issues with user privacy. The idea of big tech companies owning our data and using it to deliver ads is a problem—as recently attested by the scandal involving Facebook, Cambridge Analytica, and political advertising.

Ryan X. Charles reveals 4 new Paymail extensions at CoinGeek Seoul

Charles has taken the necessary steps to solve this problem by announcing four new extensions to Paymail, an identity protocol for Bitcoin SV (BSV) that was launched at the CoinGeek Toronto Conference last May. Paymail substitutes long Bitcoin addresses for readable names, akin to email addresses.

The first extension is restoring the peer-to-peer transactions system that stays faithful to the Bitcoin whitepaper. Bitcoin was never meant to send transactions using long Bitcoin addresses. Users should be able to send a transaction directly to someone and have the recipient send it to miners to see if it is valid or not. This reduces the challenge of having to scan the entire blockchain to look for a transaction. It’s more scalable and user-friendly.

Ryan X. Charles reveals 4 new Paymail extensions at CoinGeek Seoul

The second extension is being able to sign data inside a transaction: “Imagine you want to post an image on the blockchain and you want people to know who the author is, we’ll allow you to sign that data inside an OP_RETURN with your Paymail.

“All this happens with a single swipe so we’re adding a new API into the button that lets the developers specify what you’re signing. You can sign data inside a transaction,” Charles said.

The third extension is the capability to encrypt data on-chain and off-chain for yourself or others with a single swipe, and the fourth extension is Paymail avatars, which are user-friendly contact cards inside user wallets that eliminates the need for long Bitcoin addresses.

These four new extensions will be rolled out in the next few weeks with the idea of living in a new world with better monetization options, and the power to own all our data and protect our privacy.

“On-chain signatures and encryption are foundational elements of a new ‘Own Your Data’ paradigm for the Internet,” Charles added.

Catch the Day 2 livestream of the CoinGeek Seoul Conference here.

Ryan X. Charles talks making crypto payments easily available to all

While the number of cryptocurrency users increases by the day, its use for day-to-day payments has yet to take off. This is largely due to a lack of consumer-facing applications that can simplify the crypto payments process, leading many merchants to stay away from crypto. This is a narrative that Ryan X. Charles, the founder and CEO of online payments startup Money Button, is working hard to change. In an interview with CoinGeek’s Becky Liggero, Charles explained how cryptos are changing the lives of millions in Latin America and why Facebook’s crypto project is setting itself up to fail.

“Fundamentally, what we are trying to do with Money Button is improve the user experience of Bitcoin,” Charles explained. The company is building solutions that enable the average crypto fan to be able to use crypto with a few clicks.

Already, there are quite a number of applications that use Money Button, and they have all had nothing but praise for its efficiency.

“Paymail is just an extension of everything we are doing to make Bitcoin wallets interoperable with each other and with exchanges in a user friendly way. We are just trying to make everything as easy as possible so that normal people can start getting the benefits of Bitcoin,” Charles explained.

Paymail launched three months ago, promising to do for Bitcoin what email addresses did for the Internet. While the current Bitcoin addresses contain very long and random characters, Paymail substitutes them for readable names, akin to email addresses. 

Charles also delved into the continued uptake of Bitcoin SV and other cryptos in the Latin American region, stating that they offer the region a way out after decades of economic upheavals.

“People there use Bitcoin as a way to basically hedge out of their local currencies,” he stated, giving Venezuela as one of the examples. Despite having rich oil reserves, political instability has seen the country register over one million percent inflation in the past year. This has greatly decreased the value of their currency, and Bitcoin has been the best, if not only, viable alternative.

Bitcoin is also introducing transparency, especially in government processes. And while this may be misread as an anti-government chant, Charles believes that Bitcoin is here to assist the government, not topple it.

“We’re going to help governments collect taxes, but then also be held accountable that they spend that money correctly.”

And despite the initial hype that Libra attracted, Charles believes that Facebook missed the big picture and failed to understand what Bitcoin seeks to do. Bitcoin is an economic system where businesses that solve people’s problems like identity and contracts can be built.

He concluded, “It’s great to see that they are open to this kind of technology, but we are significantly ahead of them. But it’s only a matter of time and they’ll come around. We can help them if they reach out.”

Bitcoin SV accepted: Online store Tabalini integrates Money Button

Fans of Bitcoin SV (BSV) have a new spot to add to their lists when they want to do some online shopping. In a directory of eCommerce sites that continues to grow longer on virtually a daily basis, Tabalini is the latest to make an appearance. The fashion retailer has announced that it now accepts BSV and the checkout process is made even easier with the Money Button.

The retailer, offering an array of fashion accessories for men and women, announced via Twitter that it is now accepting BSV payments, explaining, “We now accept #bsv #bitcoin as payment. Some items have an integrated #moneybutton.”

The integrated Money Button the purchasing process in a similar fashion as Amazon’s One-Click solution. The indication that some of the products include the feature is most likely a sign that support is being added to additional products as the payment solution continues to be introduced. The company adds, “Once the Money Button is swiped, email us with the payment screen shot and shipping address at [email protected] NOTE* NO SHIPPING FEES FOR SWIPING.”

From buying groceries to buying yachts, BSV is quickly becoming a popular alternative to fiat by retailers across the globe. With its truly international and borderless functionality, and extremely inexpensive transaction fees, the appeal to new industries and users is obvious. Compared to some digital currencies that charge a couple of dollars on each transaction, BSV, due to its massive blockchain scaling, has transaction fees of just pennies.

The choice to use Money Button is key as well, as it makes it extremely easy to use BSV for purchases. Instead of having to go through the hassle of copying and pasting hash addresses from wallets to eCommerce payment platforms, the Money Button facilitates payments with nothing more than a swipe. Given the consumer’s preference for easier shopping experiences, Money Button achieves greater results and delivers exactly what consumers want.

Tabalini offers virtually any type of apparel or accessory, from clothing to jewelry to purses, in a range of prices and styles. It’s so proud of its inclusion of BSV as a payment option that it proudly displays an announcement about the option on its website.

ClassifiedSV makes it easy to sell/buy anything using BSV

You want to hire a freelancer to do some work and find the perfect candidate, but he lives in another country. You want to put your Pokemon card collection up for sale and need the cash fast, but bank transfers will only slow the sale down and eat into the profits. These real-world scenarios are perfect examples of where cryptocurrency excels, and a new online platform that facilitates transactions of virtually any kind make it easy. ClassifiedSV, also known as “5¢ Space,” takes the power of Bitcoin SV (BSV) to allow individuals to buy and sell their goods and services, as well as promote events and much more.

According to the website, “5¢ space is a Metanet inspired classified ad board where users can buy, sell and trade.” It was just launched last month, offering community-free listings and a PayPal payment gateway. However, understanding the true value of BSV, it is replacing PayPal and its associated high fees with a BSV payment gateway, helping users save a considerable amount of money on their transactions.

The site offers a marketplace for buying and selling goods, offering technical support and creative services, announcing events, digital real estate and much more. Because it is using BSV as the currency, it is a true global marketplace that can connect individuals from anywhere in the world. Incorporating the Money Button, a simple method for making BSV payments, allows users to post their ads for just $0.05 a day at a minimum of 20 days.

ClassifiedSV explains, “Each 5cent ad allows you to upload 3 high-resolution featured images for your listing slider. In the ad body, you are only limited by your imagination. Each 5cent ad allows for unlimited text and photos, you can even embed videos or any iframe element such as Soundcloud, Vimeo or Youtube.”

Once registered with the site, the ad owner receives access to a personal dashboard that allows him or her to make edits to the ad, check for received interest and offer responses to inquiries. Payments are only required for certain categories – announcements, for example, are allowed to be posted on community boards for free for up to three months. This covers free items, general entertainment, wanted ads, volunteer ads and lost and found.

The site is currently hosted on a WordPress-based database, but this was only to get the ball rolling. All information – payments, data transactions, listings – are going to be migrated to the BSV blockchain with a Money Button or HandCash identity solution. As BSV has already been found to be able to handle large block sizes, ClassifiedSV is the perfect example of what the BSV blockchain can offer consumers.

Money Button now supports safe on-chain data

Money Button has increased its support for on-chain data by enabling a new transaction type, known as safe data outputs, which will be enabled by the new Bitcoin SV (BSV) node software. Additionally, the company revealed in a blog post that it has updated its JavaScript BSV library to support the new standard output type.

This is just the latest update by Money Button in its continued support for on-chai data. In January, Money Button became the first wallet to support larger OP_RETURN data sizes of up to 100 KB. This made it possible to possible to store video, audio and image files as well as any other type of data on the BSV blockchain in a single transaction. The wallet’s creator, Ryan X Charles, was crucial in creating the first 128 MB-sized blocks.

OP_RETURN is the simplest mechanism for creating an unspendable output and carrying data within a Bitcoin transaction. However, in the original Bitcoin source code, OP_RETURN didn’t invalidate a transaction. Instead, it invalidated the output based on whether the return value was true or false. This was later changed by Satoshi Nakamoto to deter malicious behavior.

However, the new Bitcoin SV node software has restored the original purpose of OP_RETURN by ‘enabling a new standard output type forwards-compatible with the full original functionality of OP_RETURN.’

Money Button has enabled the new standard type, the wallet revealed. Scripts starting with OP_FALSE OP_RETURN will be considered standard and will broadcast with Money Button.

The new output is considered safe for a number of reasons, the first of which is that it will be the output type that all data applications will support in the future. The outputs will also be unspendable and prunable, which will potentially lead to gains in efficiency and save costs for users and miners. The blog post concluded:

Money Button supports many of the advanced features of the Bitcoin SV blockchain already has long-term plans to support every advanced feature, making every conceivable application possible. Safe data outputs are important milestone towards our limitless future.

Money Button pushes for BSV wallets to adopt SPV system

Money Button hit a bit of a stumbling block recently, experiencing three hours of downtime when their Bitcoin SV (BSV) node ran out of memory and crashed. While they’ve fixed the underlying issue by upgrading their node, the lesson for the industry is to move closer to the original Bitcoin white paper.

In their blog explaining what happened, “Towards Scalable Wallet Infrastructure,” the Money Button team noted that this is likely to happen again to any wallet attempting to run its own node on underpowered hardware. The solution isn’t to enter an arms race of upgrading infrastructure to keep up with block sizes, but rather, to move towards Simplified Payment Verification (SPV), as Dr. Craig Wright has argued they should. They write:

If wallets mutually adopt paymail, BIP 270 (with some extensions, including BIP 271, BIP 272 and BIP 273), and Miner ID, no wallets will need to run a node, and every wallet will be substantially less expensive to operate at scale.

Every wallet will be able to scale to arbitrarily large block sizes at a cost that depends only on the number of transactions for that wallet, not the number of transactions for the entire network.

Turning to SPV is in the spirit of the Bitcoin white paper as written by Dr. Wright, writing as Satoshi Nakamoto at the time. It called for peer to peer transactions, or pay-to-ip. By only verifying with miners the transactions that wallets care about, they can significantly reduce their own hardware requirements and simplify the whole system.

Money Button goes on to add that Paymail, the easy to use protocol they rolled out earlier this year, can further help simplify the wallet system:

Thus, using paymail, BIP 270, and Miner ID, we can deliver transactions peer-to-peer, making it possible for wallets to drop the requirement of running a node…

Wallets will no longer send to addresses. Only to paymails.

The details of how wallets can come together and accomplish this mutually beneficial goal are well spelled out by the Money Button piece, and if you’re a Bitcoin wallet developer, it’s must-read stuff.

While Money Button’s three hour outage looks like a set back for the BSV community, it’s much more accurate to look at it like a springboard. With the lesson that wallets need to evolve and move way from running their own nodes, we can step into the system the Bitcoin white paper originally described.




Bitcoinユーザーと、昔ながらの金融機関からよく聞くBitcoinについてのぼやきは、その扱いにくいことこの上ないアドレスフォーマットについてだろう。とてつもなく長く、ランダムに混じるアルファベットと数字の文字列がBitcoinの送受信に必要となっている。Money ButtonのCEOであるRyan X Charlesは、Bitcoin協会の他の会員と共同*で、BSVエコシステムにおけるこの問題をPaymailで解決した。元祖Bitcoin(BSV)は、現時点ですでに、VISA並みのトランザクションレベルのスケール実際の日々の利用に耐えうることを証明している。面倒なBitcoinアドレスの必要性を排除することでBSVの日々の利用は更に容易なものになった。今ではBitcoinの送金はEメールを送るくらい簡単だ。

· Paymailはユーザーが利用する際にBitcoinアドレスを省略する新しいアイデンティティープロトコルである
· PaymailではEメールアドレスと全く同一に見える実名を用いる
· PaymailアドレスはBitocoinアドレスに比べ、覚えたり、書いたり、タイプしたり、携帯電話で打ち込むのがずっと簡単である
· PaymailはBSVを送受信するあらゆる取引、サービス、アプリケーションで利用可能
· Paymailの立ち上げ時から、デジタル署名と暗号化に利用するパブリックキーの共有用に拡張機能を装備。
· Paymailは既に実用化済。Money ButtonはPaymailを完全に導入・稼働し、ElectrumSVとHandCashウォレットとの互換性も検証済み。Centbeeウォレットも導入を計画中。
· Paymailは特にGmailやその他の著名Eメールサービスなど、既存の身元確認システムと互換性があり、事業者・ユーザーとも既に利用中の身元証明システムを変更することなくBitcoin BSVの利用にスムーズに移行可能。


Bitcoin協会の創設者・会長のジミー・グエンはMoney Buttonとその他Bitcoin協会メンバーの協力によるこの簡素化の卓越した達成を称賛する。


*PaymailはBitcoin SVエコシステム全体のためにnChainMoney ButtonHandcashCentbeeそしてElectrumSVと共同で設計・開発された。またPaymail はBSVをサポートするBitcoinビジネスのリーディング・グローバル・オーガニゼーションであるBitcoin協会のワークショップから生まれた。PaymailはオープンBSVライセンスのもとで利用可能で、Bitcoin(BSV)を扱うあらゆるアプリケーションにて無料で利用可能である。Paymailは5月29日のトロント・コイン・ギーク・カンファレンスで発表されている。

詳細情報・インタビュー・写真についてはEd Pownallまでご連絡下さい。
 [email protected] または +44 7825 064776


페이메일이 비트코인(BSV)용 ‘긴 주소’ 문제를 근절하며, 현재 운용 중입니다.

영어로 읽으려면 여기를 클릭하십시오.

사용자와 전통 사고방식을 가진 금융기관이 유사하게 비트코인에 대해 가장 일반적인 불평사항 중 하나는 너무 긴 형식의 주소양식입니다. 이는 비트코인을 전송 및 수신하는 데 필요한 글자와 숫자가 조합되어 단어 수가 긴 무작위 문자열입니다. *비트코인 연합의 다른 회원들과 협력하는 머니 버튼(Money Button)의 대표인 라이언 엑스 찰스(Ryan X Charles)는 페이메일을 이용한 BSV 생태계로 이 문제를 해결했습니다. 오리지널 비트코인(BSV)은 현재 VISA에 가까운 거래 수준으로 확장될 수 있음을 입증했으며 실생활에서 매일 유용함을 보여주고 있습니다. BSV는 현재 번거로운 비트코인 주소의 필요를 충족시킴으로 매일 쉽게 사용할 수 있게 했으며, 비트코인 전송은 이메일 전송과 같이 쉬워졌습니다:

· 페이메일은 사용자의 경험에서 비트코인 주소를 제거하는 비트코인 새로인 ID프로토콜입니다
· 페이메일은 이메일 주소와 완전히 똑같은 실제 이름을 사용합니다
· 페이메일 주소는 비트코인 주소보다 폰에서 기억, 기록, 입력 또는 탭 하기가 훨씬 쉽습니다
· 페이메일은 BSV를 전송 또는 수신하는 교환, 서비스 또는 애플리케이션에 의해 사용될 수 있습니다
추가: 페이메일은 단순히 송금용이 아닙니다:
· 페이메일 출시 시 디지털 서명과 암호화에 사용될 공개 키 공유 확장이 포함되었습니다
· 페이메일의 현주소: 머니 버튼은 완전히 구현되고 페이메일을 작동시키며 구현하는 일렉트럼SV(ElectrumSV)와 핸드캐시(HandCash) 지갑과 상호 정보 교환이 가능하도록 테스트 되었습니다. 센트비(Centbee) 지갑 또한 구현할 계획입니다
· 페이메일은 특히 지메일과 다른 유명한 이메일 서비스와 같이 현존하는 ID 시스템과 호환을 할 수 있기에 비즈니스와 사용자는 본인들의 기존의 ID 시스템을 변경할 필요 없이 비트코인 BSV 사용으로 매끄럽게 전환하는 옵션이 있습니다

단순함의 변화, 장벽의 전환

비트코인 연합회 창립회장인 지미 구엔(Jimmy Nguten)은 다음과 같이 밝혔습니다. “우리는 단순성 면에서 이 놀라운 성과를 이룬 머니 버튼과 기타 비트코인 연합회 멤버들의 공동 작업을 진심으로 축하합니다. 페이메일은 전세계의 사용자와 비즈니스가BSV을 채택하는 것에 가장 초점을 맞춘 비트코인 생태계의 또 다른 예입니다.”

*페이메일은 비트코인 SV 생태계 전반에 걸친 이익을 위해 nChain, Money Button, Handcash, CentbeeElectrumSV에 의해 합작으로 설계되고 개발되었습니다. 이는 BSV가 지원하는 비트코인 비즈니스의 세계적인 선도 기관인 비트코인 연합회의 워크숍에서 알려졌습니다. 페이메일은 공개 BSV 라이선스 하에 있으며 비트코인(BSV)의 어떤 애플리케이션에서는 무료로 사용할 수 있습니다. 페이메일은 5월 29일 토론토의 코인긱 콘퍼런스에서 발표되었습니다.

더 많은 정보, 인터뷰 또는 사진을 원하시면[email protected] 또는 +44 7825 064776로 에드 포널(Ed Pownall )에게 연락하십시오.


Live now: Paymail eradicates ‘long address’ issue for Bitcoin (BSV)

Click here to read in Chinese.

One of the most vocal complaints about Bitcoin from users and the old-fashioned financial institutions alike is the unwieldy address format – a long, random string of alphanumeric characters needed to send and receive Bitcoin. Money Button CEO Ryan X Charles, in *collaboration with other members of Bitcoin Association, has solved this issue for the BSV ecosystem with PaymailThe original Bitcoin (BSV) has already proven it can – right now – scale to transaction levels close to VISA and has shown real, everyday utility. BSV is now making everyday use even easier by dispensing with the need for cumbersome Bitcoin addresses; now sending Bitcoin is as easy as sending email:

• Paymail is a new identity protocol for Bitcoin that removes Bitcoin addresses from the user experience
• Paymail uses actual names that look exactly the same as email addresses
• Paymail addresses are much easier to remember, write, type or tap into a phone than Bitcoin addresses
• Paymail can be used by any exchange, service or application that sends or receives BSV

Plus: Paymail is not just for sending money:

• Included in the launch of Paymail is an extension for sharing public keys for use in digital signatures and encryption
• Paymail exists now: Money Button has fully implemented and launched Paymail and the implementation has been tested to be interoperable with the ElectrumSV and HandCash wallets. Centbee wallet also plans to implement it.
• Paymail is compatible with existing identity systems, particularly Gmail and other popular email services, so that businesses and users have the option to transition seamlessly to use Bitcoin BSV without altering their existing identity system.

Simplicity converts, barriers divert

Bitcoin Association Founding President Jimmy Nguyen comments: “We congratulate Money Button and other Bitcoin Association members for their collaboration on this outstanding achievement in simplicity. Paymail is another example of how BSV is the Bitcoin ecosystem most focused on global adoption by users and businesses.”

*Paymail was designed and developed collaboratively by nChain, Money Button, Handcash, Centbee, and ElectrumSV for the benefit of the entire Bitcoin SV ecosystem. It emerged from a workshop of Bitcoin Association, the leading global organization for Bitcoin business, which supports BSV. Paymail is available under the Open BSV License and free to use for any application on Bitcoin (BSV). Paymail was announced at the CoinGeek Conference in Toronto, on May 29. .

For further information, interviews or pictures please contact Ed Pownall: [email protected] or +44 7825 064776




用户和传统金融机构对于比特币最常有的一个抱怨就是地址格式的繁琐冗长,即发送和接收比特币需要一长串字母和数字随机组成的字符。MoneyButton首席执行官瑞安·查尔斯(Ryan X. Charles)与其他比特币协会的成员协作*,用Paymail为BSV生态系统解决了这个问题。原始比特币(BSV)已证明其现在可以扩容至接近VISA的交易水平,并已展示其真正的日常实用性。现在,BSV淘汰了冗长的比特币地址,使其日常使用变得更加简便;如今发送比特币变得和发送电子邮件一样容易:

• Paymail是一种全新的比特币身份协议,可以将比特币地址从用户体验中删除

• Paymail使用的是真正的名字,就像电子邮件地址一样
• 与比特币地址相比,Paymail地址更容易记忆、书写、键盘输入或手机输入
• 任何能够收发BSV的交易所、服务或应用程序都可以使用Paymail


• Paymail的推出还包括了扩展共享用于数字签名和加密的公钥
• Paymail现已上线:Money Button已全面实施并启动了Paymail,并且经过测试,其可以与ElectrumSV及HandCash钱包相互操作。Centbee钱包也将其归入实施计划中。
• Paymail可兼容现有的身份系统,尤其是Gmail和其他热门电子邮件服务系统,因此企业和用户可以无缝过渡到比特币BSV,而无需更改他们现有的身份系统。


比特币协会创始会长吉米·阮(Jimmy Nguyen)评论道:“我们祝贺Money Button和其他比特币协会成员在简易化方面协作取得如此非凡的成就。Paymail又一次证明了,BSV是专注于用户和企业的全球化应用的比特币生态系统。”

*Paymail是由nChainMoney ButtonHandcashCentbeeElectrumSV为了整个BSV生态系统利益,而共同设计和开发的。其诞生于比特币协会(比特币业务的全球领导性组织并支持BSV)的一次研讨会。Paymail可在开放BSV许可证下获取,并可在任何比特币(BSV)应用程序中免费使用。Paymail在5月29日多伦多举行的CoinGeek会议中宣布上线。

有关更多详情、采访或照片,请联系Ed Pownall:[email protected] 或+44 7825 064776

Paymail launches, makes Bitcoin as easy as email

Paymail launches, makes Bitcoin as easy as email

Increasing Bitcoin adoption means simplifying it for the average user, and putting it into terms that anyone can understand. That’s why Ryan X. Charles, founder of Money Button, has announced Paymail, a new identity protocol for Bitcoin SV (BSV).

Paymail seeks to do for Bitcoin what email did for the internet. Instead of traditional Bitcoin addresses, it introduces “human-readable names that look exactly the same as email addresses.” This is done with the intention that users shouldn’t have to interact with “long, random, unfamiliar character strings like Bitcoin addresses.”

The initiative, developed collaboratively with top BSV developers, including nChain, Money Button, Handcash, Centbee, and Electrum SV, will benefit the entire Bitcoin SV ecosystem. It emerged from a workshop of Bitcoin Association, the leading global organization for Bitcoin business, which supports BSV. The Paymail protocol is open for free use with any application on the BSV blockchain, and is fully compatible with email.   

As it works with addresses that look exactly like email, it’s ready for adoption with existing email domains. Charles wrote in the announcement:

“If Google wishes to add support for Paymail, they will be able to roll out support seamlessly for all Gmail users without interrupting service or changing any of their email infrastructure. Every Gmail user will be able to send and receive Bitcoin, and perform other advanced applications, directly from Gmail, while still being able to use Gmail as an email service (and an identity service) in the same way they do currently.”

If Google were to elect to do that, that opens up potential BSV adoption to 1.5 billion active Gmail users. Even if one of the smaller email providers, like Yahoo (200+ million active users) or Outlook.com (400 million active users,) it would increase the number of potential Bitcoin users by an order of magnitude. As of December 2018, it was estimated that with all altcoins combined, there was only 35 million total verified cryptocurrency users.

This was made possible by creating a new extension called Simplified Payment Protocol, which goes back to the original Bitcoin code for pay-to-ip. By using that original code, it allows a simplified wallet software that skips unnecessary network nodes and is delivered directly to recipients, with miners notified afterward.

Paymail also allows sharing public keys for digital signatures and encryption. This creates a data marketplace, where users can follow creators they appreciate and purchase their material.

With the announcement, Money Button has already fully implemented Paymail and launched the service. Paymail is interoperable with the Electrum SV and HandCash wallets.

To protect against bots sweeping in and grabbing all the best paymail usernames, getting your address will cost $1.00. If you can prove the name you want is undeniably yours with your social media presence, you can get a big discount and buy it for $0.10. At either price, getting your name is a bargain, and the pricing system will help make sure bad actors don’t ruin the system before it can get going.

Bitcoin Association Founding President Jimmy Nguyen commented: “Make it simple and they will come. Money Button and other Bitcoin Association members understand that, and we congratulate them for collaborating to create this outstanding achievement in simplicity. Paymail is another example of how BSV is the Bitcoin ecosystem most focused on global adoption by users and businesses.”