Craig Wright CC Forum duel ends in shouting and pumpkins

The CC Forum on blockchain, AI and digital innovations, with its many panels and duels of differently opinionated experts, was bound to have some fireworks. The duel between Dr. Craig Wright, inventor of Bitcoin, and Mike Beaver, macro economist and global growth investor, paid off with many explosive moments and testy exchanges.

Hosted by Eric Van Der Kleij, CEO of the Frontier Network, the duel titled “Bitcoin does not have any real value, or does it?” started off with an explanation from Beaver that he is not a cyberforensic auditor, as Dr. Wright once was, but a chartered financial analyst, “looking at this from a financial, economic and strategy, and bigger picture perspectives.” He only promised to argue based on a valuation of Bitcoin, and not any technical perspectives.

Beaver began by knocking down several perspectives that would lend value to Bitcoin. It’s not backed by an asset and it has no value. Van Der Kleij asked if you could assess a value from user confidence, to which Wright immediately replied no, and Beaver said it would be very hard to prove one. So finally, Beaver said the best bet is to look at the business angle, technology angle and regulatory angle, to which Wright said, “He’s fine.”

Wright then redefined the argument, noting that the commonly accepted concept of Bitcoin is flawed. It can be seized, he noted, and he created Bitcoin to create “honest records”. Ultimately, it will create a system of microtransaction rewards that will improve the services we use.

Van Der Kleij, seemingly stepping into the duel himself, after he said: “But Craig, that’s more about the utility of Bitcoin rather than the value.”

Craig responded: “That is what it is. That is value, utility. Tell me if I’m wrong, utility is value. Goods and services, things people want to use, is value. Money is not value. Money is not wealth. You have been lied to. There is no great wealth creation because of new shitcoins. Money is not wealth. Goods and services are wealth.”

At that point, the differing views of what value means in the world of Bitcoin really became apparent, as the duel broke down. While Beaver wanted to focus on the value of Bitcoin, and price of it, Wright preferred to talk about why exchanges like Binance, because of their alleged money laundering practices, are no threat to Bitcoin due to the increasing regulations in the world. He also returned to why micropayments make Bitcoin valuable.

That wasn’t the topic Beaver wanted to discuss though, as he kept returning to the risks to the price of Bitcoin. When again pressed on the topic, Dr. Wright noted that he himself was a risk, due to his massive holdings in Bitcoin. Finally, Wright tried to put a nail in the topic:

I don’t care. That simple. I’ve got a great company, with a great team, we’re expanding, we’re setting up new offices. Investment wise, I don’t need to do anything. People throw money at us if we want it. We’re not actually taking any and they keep offering it. People want us to do an IPO at nChain. Why? Because we have fucking patents.

It was at that point that the crowd started getting into it, as Petur Georgesson, managing partner at Capital Sniper Investments, asked how much the price of BTC might decline by this time in 2020. After commenting that he didn’t care, because he’s more focused on building things, he offered that 90% of the price of BTC might fade away.

At that point, the split between BTC and BSV became the topic, as Mike Beaver wanted to continue discussing the risks to BTC from other cryptocurrencies, insisting that was the topic, while Dr. Wright pointed out that Bitcoin is Bitcoin SV (BSV). But to answer the core question, he responded that BSV is protected from the competition by his armor of patents.

That confused Beaver, who then bemoaned:

So Craig wants us to talk about this whole topic of debate, the value of BSV. We were talking about the value of BTC, now we’re talking about the value of BSV, well why not the other 3000 coins. There’s a lot of interesting and talented developers there, sooner or later, we know one thing with technology, it only ever, in the long term, improves.

Wright then expanded on how the patents he’s been working on will keep BSV at the top of the pile, noting that any other crypto hoping to use the technology he’s built will have to pay for the right to do so, while BSV will be subsidized.

The debate continued in the manner for a few more minutes, with Beaver focusing on the competition raised by competitors to BSV and Wright repeatedly slapping them down with patents that already protect them from serious harm.

Seeking to change the tone, Van Der Kleij opened it up to the crowd to ask questions. Sir Toshi, noted BSV enthusiast, asked Beaver about LTC, which Beaver entirely ignored to return to his line of questioning and instead asked about how regulations might threaten various cryptocurrencies. While Beaver perceived this as a threat to the industry, Wright noted that he welcomes regulation to squash cryptos that don’t follow the law.

Wright was then asked by a member of the crowd why he didn’t patent Bitcoin when he first invented it. Wright responded that, in 2008, he didn’t believe it was possible to patent the technology. Also, he published it under the pseudonym Satoshi Nakamoto, and thought he couldn’t patent Bitcoin if he used an alias.

When asked if his patent library could prevent future innovation, Wright responded that it’s proven that by patenting technology, you not only protect it from copy cats, but you encourage others to recreate a piece of technology with the same purpose but by a different method, thus spurring innovation.

Beaver then disputed Wright’s point that patents would protect Bitcoin from competitors going forward, noting that patents expire and would eventually allow for someone else to create a better version of the technology. The discussion didn’t go very far though, as it was interrupted by none other than Tone Vays.

It was at this point that the duel produced the moments it will forever be remembered by. Tone Vays, recalling the moment in the previous fireside chat where Wright suggested that his university papers prove he was Satoshi, or was plagiarized by Satoshi, Vays preferred to go with the latter suggestion, and suggested that the crowd should not consider Wright relevant to the topic of Bitcoin as a result, suggesting Craig Wright is a fraud.

Wright responded:

It doesn’t matter what your vacuous ideas are. It doesn’t matter whether you like my patents. It doesn’t matter whether you like nChain. In five years’ time, when we have another 1000 patents granted, and we have IBM, and we have Microsoft, and we have Apple, and we have Google, and we have all these companies paying us money, you can choose not to have anything to do with me. The same way you can chose not to have anything to do with the internet.

That was too much for one woman in the crowd, who yelled out: “That’s exactly what you want. You are a mole, trying to crash Bitcoin. Farmer Craig. Pumpkin man Craig. Go back to your farm, your pumpkins and your tomatoes and grow a superfarm.”

That’s when the duel totally fell apart. Wright responded that she’d just have to live with his invention. Tone Vays, still holding the microphone in the crowd, suggested Wright would be in jail in the next couple of years, Georgesson yelled from the other side of the crowd that he really wanted to hear a discussion on valuation still, and Beaver begged to make a final point about traceability.

As the duel finally reached a new semblance of decorum, Beaver commented that if blockchain technology truly guarantees traceability for every transaction, there is no value created by a notion of anonymity, ruining a selling point of BTC adherents. Wright flat out agreed.

Van Der Kleij noted that time had ran out on the duel and sought to bring an end to it. It didn’t end easily though, as the woman in the crowd once again began yelling at Wright, who responded to her as Beaver begged to make a final point about the declining value of an asset through use and surplus.

Craig Wright on nChain patents, pumpkin farming disaster at CC Forum

Dr. Craig Wright is no stranger to fireside chats, having previously sat down with Bitcoin Association Founding President Jimmy Nguyen to discuss the history of Bitcoin’s creation. To discuss the larger world of cryptocurrency, he recently sat down with the CEO of the Frontier Network, Eric Van Der Kleij, at the CC Forum on Blockchain, AI and Digital Innovation.

Van Der Kleij was quick to point out that the CC Forum wasn’t afraid about hearing Dr. Wright’s side of the truth, and asked what nChain has been up to. After covering how he came to nChain from his Bitcoin exile, Wright noted that nChain has been very busy patenting his innovations, with 826 currently filed, 1450 in the pipline, and approximately 200 granted or about to be.

When asked what Dr. Wright wants to do with these patents, he responded “Choose how the industry moves.” Van Der Kleij wondered if this might prevent others from using the innovations, to which Wright noted “They can do what they want, as long as they pay licensing fees.”

Once again pressed if this might prevent others from innovating on blockchain technology, Wright quipped “Do I care?” Once Van Der Kleij accepted that answer, Wright explained:
Stifle creativity? What creativity? We have STOs running around saying that they’re new because they’re a token. So what? Wealth isn’t money. Wealth is the creation of goods, services, assets, capital. Because you’ve created a token, so what? That just makes you another scammy loser. If you create a token, and you don’t have a business, you don’t have anything. You’ve got Tone Vays over there, that’s it. Empty, vacuous.”

Changing topic, Van Der Kleij then tried to turn the discussion to Dr. Wright’s ongoing legal battle in Florida, but Wright refused, noting that reporting and crypto twitter speculation has been far off base. “I’ve used toilet paper with more accuracy.”

Van Der Kleij then turned to Bitcoin’s intent to follow the law from the start, which Wright explained:

It’s intended to work in the law. The last sentence says ‘will follow rules.’ Rules include law. The difference between a rule and law is, law is a rule with a consequence. It is a subset of the word. And miners don’t create rules, they enforce rules. I keep stressing this, I’m going to start buying copies of the Oxford and Cambridge dictionary for people so that they can actually read the whitepaper and understand what these words mean.

On that note, he was asked about John McAfee’s new decentralized exchange, which lacks know your customer (KYC) protocols and opens it up to terrorist financing. “And Mr. McAfee, like everyone else, will eventually get caught,” Wright responded. “Blockchain is an immutable evidence trail. It is utterly traceable. It is the opposite of what everyone’s been running around. It is private, but not anonymous. Those records are admissible.”

On that note, Van Der Kleij noted that while he might not have total belief in Dr. Wright’s identity as Satoshi, he agrees with him on so much, but he wants to have more proof of his claims. “You don’t prove anything by moving a coin,” Wright responded. “The university still has my thesis from 2008. They still have my proposal. So I guess on that one alone, you can make the decision when it comes out, which it will.”

That led to a comment which would later prove to be explosive. “You can make the decision: did Satoshi plagiarize me? Because there are sections of the whitepaper, whole paragraphs, in some of my work.” Van Der Kleij was first baffled by the comment, and Tone Vays would later question if Wright was admitting to not be Satoshi, although the intent of the comment is clearly that Dr. Craig Wright is Satoshi, if not for another leap in logic to reach a different conclusion. “You can make the choice, I don’t really care,” Wright concluded.

Ultimately, when asked if Wright cares if his integrity is called into question, he responded that he really doesn’t. As nChain has already cornered the market on blockchain patents, big businesses like Wal-Mart will ultimately be forced to come to Dr. Wright for the technology they need. Van Der Kleij suggested that the world might be more accepting of Dr. Wright if he would prove his integrity. Wright railed back:

“So what you’re saying is, ‘you don’t do my way, that’s not integrity. We want this. We demand you do this. We want Bitcoin to be this way. [Van Der Keij interrupts ‘No, suggest’]. No, demand. It’s demand. You want me to be what you want me to be. So therefore…”

Concluding the discussion of Bitcoin and Dr. Wright’s history, Van Der Keij finally worried that Dr. Wright might be forcing his way on the world of blockchain. “It’s my invention, invent something else,” Wright retorted, rousing applause from a section of the crowd.

What came next might be the part that has received the most attention from the fireside chat, as Van Der Keij tried to lighten the mood by asking about Dr. Wright’s gardening habits, asking him about his tomato garden. “I actually used to have bonsai trees as well, and they’re all dead now,” he started. “I had some really good old bonsai trees, and bloody nChain and all the travel I have to do, every single one of them is dead. My tomatoes, they keep bursting and things like that, because I’m not there to do things. And the gardener sucks, because the last time, he actually mowed by pumpkins.”

“That’s probably not advisable,” Van Der Keij concluded.

Brendan Lee: Building the knowledge base for Bitcoin

Brendan Lee is gathering together the collective wisdom around Bitcoin SV (BSV) and making it digestible for developers – both for newbies and for the battle-hardened. “I wanted to take my knowledge of Bitcoin and get it out to as many people as possible,” he says.

BSV is still less than a year old, since its fork from Bitcoin Cash, so it’s surprising how much there is to learn and to impart. But at the CambrianSV Bootcamp in Bali recently, Brendan, the new Training and Development Manager for the Bitcoin Association, demonstrated the fruits of his studies in a series of well-received seminars for the 30 or so developers who were attending.

He’s also taken on a second new job, as Head of Technology for Faiā, a management consultancy that works with companies who may be taking an interest in the potential of Bitcoin for the first time. For complete newcomers, Brendan admits there are often some prejudices to overcome. The “civil war” in Bitcoin is “very hard to explain to people”. But “as soon as you start talking about an honest money system, that’s transparent, where transactions are instant and extremely cheap …people actually hear that and they go ‘wow, I want to learn more’.”

One example of a consultancy project that makes use of Bitcoin is the development of a system to allow the automatic payment of royalties to an artist by an end consumer – making use of Bitcoin’s ability to pay out to multiple parties from a single transaction: “the fan pays the artist directly”.

In his work for the Bitcoin Association, Brendan says that what’s being built today still needs to achieve “feature parity” with existing applications on the Internet. “But once we get to the point that they do achieve feature parity, and start executing features that are in addition to what’s already available, we will see a moment where people start sitting up and listening” because they’ll have learnt that “if you use this application on Bitcoin, you can earn money really quickly”.

Brendan admits that there isn’t yet a defined body of knowledge around Bitcoin SV. In preparing his sessions for the Bali Bootcamp, he’s been “scouring the Internet” and talking to researchers at nChain to make sure that “my ideas and understanding of things is correct”. The result of the work will be a series of educational resources that the Bitcoin Association will release “so that people who are new to Bitcoin can come in and learn about these concepts – a lot of which are extremely important to understand if you are looking to build an application that works on top of Bitcoin”.

But Brendan is making no claims to be the final authority on the matters he’s teaching: “I’m working this out as I go along, and I have learnt so much in the process of putting these lectures together. What I’m really hoping for is that at some point someone comes to me and says ‘hey, I was thinking about what you said but here’s an even better way to do it’. That to me says that I’ve hit the right notes, I’ve got the creative juices flowing.”

Hear more from Brendan Lee in this week’s CoinGeek Conversation podcast:

You can also watch the podcast video on YouTube.

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Bitcoin Association sponsors Cambridge University Metanet Society to advance internet future on Bitcoin SV

Bitcoin Association announces its title sponsorship of the Cambridge University Metanet Society for the 2019-2020 academic year to support study and development of Bitcoin SV. The Society will use the financial support to conduct events that educate and promote the powerful capabilities of the BSV protocol, blockchain, and cryptocurrency.

Bitcoin Association is the global industry organization for the business of Bitcoin. It supports Bitcoin Satoshi Vision (BSV) as the only cryptocurrency with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build enterprise-level applications (now). BSV is also the only project that adheres to the original design of Bitcoin creator Satoshi Nakamoto. In short, BSV is Bitcoin.

Founded by Robin Kohze, a Cambridge genetics PhD student, the Cambridge University Metanet Society recognizes that the Bitcoin protocol has more to offer than just a decentralized cryptocurrency. The Society draws its name from the “Metanet” project designed by Dr. Craig S. Wright – Chief Scientist of nChain, the leading blockchain advisory, research and development firm with an office in London. The Metanet is a global protocol and framework for structuring and facilitating an Internet that operates on the Bitcoin blockchain. It combines Bitcoin’s dual capabilities to send financial payments and transmit data simultaneously in the same native transaction. The Metanet can create a better, more commercial Internet where all user activity and data has value to users. It is only possible on the Bitcoin SV blockchain, due to its massive scaling capability.

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Kohze recently took 2nd place at Bitcoin’s Association’s second BSV Hackathon, with final judging at the CoinGeek Seoul conference in South Korea. His project “Hive” drew upon his genetics background; it creates a “beehive” that connects information added by individuals around the world. Every content node containing the information needs one or more linked nodes and for every link to a node, it has a dynamic cost. The users are notified when new content is added, and the information is fetched directly from the BSV blockchain. 

The Cambridge University Metanet Society advances study toward achieving Metanet projects on BSV. It hosts weekly meetups and programs on the Cambridge University campus for students and thought leaders to hear speakers, debates and tutorials.  

As President of the Cambridge University Metanet Society, Robin Kohze remarks: “Cambridge is traditionally a place to bring the bright and creative together to exploring daring ideas and challenge the status quo. We thank Bitcoin Association for its financial support, enabling us to host 22 events this academic year to teach and support a new generation of Bitcoin developers that focus on real world utility applications.”

The first event under the sponsorship will be the evening of October 17, with featured speakers Dr. Craig Wright and Jimmy Nguyen, President of Bitcoin Association.

Nguyen comments: “As Bitcoin’s true power is finally being unlocked on Bitcoin SV, we are thrilled to support bright, daring minds at Cambridge University learn how to build the Metanet.  Their work will contribute to a future Internet that truly rewards users for their data, creates monetary value in user online activity, and incentivizes higher quality content – all only possible on BSV.”

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Register to attend the Metanet Society: The Bitcoin Vision event, organized by Cambridge University Metanet Society, here

BITCOIN ASSOCIATION СТАНОВИТСЯ СПОНСОРОМ CAMBRIDGE UNIVERSITY METANET SOCIETY ДЛЯ ПРОДВИЖЕНИЯ ИНТЕРНЕТА БУДУЩЕГО НА ОСНОВЕ BITCOIN SV

Bitcoin Association объявляет, что становится генеральным спонсором сообщества Metanet Society при Кембриджском университете на 2019-2020 академический год с целью поддержки изучения и развития Bitcoin SV. Metanet Society будет использовать данную финансовую поддержку для проведения мероприятий по продвижению и распространению информации о возможностях протокола BSV, блокчейна и криптовалюты.

Bitcoin Association — это глобальная отраслевая организация для биткоин-бизнеса. Ассоциация поддерживает Bitcoin Satoshi Vision BSV как единственную криптовалюту с блокчейном, который уже сейчас обеспечивает эффективное масштабирование, имеет многочисленные способы практического применения и нацелен на создание надежного и стабильного протокола для нужд разработчиков приложений корпоративного уровня. Кроме того, BSV — это единственный проект, который следует оригинальной концепции создателя Bitcoin Сатоши Накамото. Другими словами, BSV — это и есть биткоин.

Сообщество Cambridge University Metanet Society, основанное аспирантом факультета генетики Кембриджского университета Робином Козе (Robin Kohze), признает, что протокол Bitcoin может предложить намного больше, чем просто децентрализованную криптовалюту. Название сообщества содержит отсылку к проекту Metanet, который был создан д-ром Крейгом С. Райтом — главным научным сотрудником nChain. Это ведущая компания, занимающаяся консалтингом, исследованиями и разработкой в сфере блокчейн, офис которой находится в Лондоне. Metanet — это глобальный протокол и основа для структурирования и обеспечения функционирования интернета, работающего на основе блокчейна Bitcoin. Он сочетает двойную функциональность Bitcoin, которая позволяет одновременно с отправкой платежа осуществлять передачу данных в рамках той же платформенно-ориентированной транзакции. Metanet может создать улучшенную, более коммерчески-ориентированную версию интернета, в котором вся активность и все данные пользователей будут представлять для них реальную ценность. Реализация подобной идеи осуществима только на базе блокчейна Bitcoin SV, поскольку только он поддерживает массивное масштабирование.

Недавно Козе занял 2-е место на хакатоне Bitcoin Association BSV Hackathon, финальный этап которого прошел в рамках конференции CoinGeek Seoul в Южной Корее. Его проект Hive связан с генетикой и ставит целью создать цифровой «улей», который сможет объединять данные, предоставляемые людьми со всего мира. Каждый узел, хранящий данные, нуждается в одном или нескольких связанных с ним узлах, а каждая привязка имеет динамическую цену. Пользователи получают уведомления о добавлении нового контента, а информация берется непосредственно из блокчейна BSV.

Cambridge University Metanet Society продвигает исследования, направленные на реализацию проектов Metanet на основе BSV. Еженедельно в кампусе Кембриджского университета проводятся мероприятия и встречи, в ходе которых студенты и ученые могут слушать выступления докладчиков, а также принимать участие в оживленых дебатах и семинарах.

Робин Козе, президент Cambridge University Metanet Society, отметил, что «Кембридж традиционно является местом, где интеллектуальные и творческие личности встречаются для совместного изучения самых смелых идей и бросают вызов статус-кво. Мы благодарны Bitcoin Association за финансовую поддержку, которая позволит нам в этом академическом году провести 22 мероприятия для обучения и поддержки нового поколения биткоин-разработчиков, создающих приложения для практического применения в реальном мире».

Первое такое мероприятие состоится вечером 17 октября, и на нем выступят д-р Крейг Райт и Джимми Нгуен, президент Bitcoin Association.

Джимми Нгуен прокомментировал это так: «Истинный потенциал технологии Bitcoin наконец раскрывается благодаря Bitcoin SV, и мы очень рады оказывать поддержку ярким и смелым умам Кембриджского университета в освоении искусства построения сети Metanet. Они несомненно внесут свой вклад в создание будущего интернета, который будет вознаграждать пользователей за их данные и сделает пользовательскую активность по-настоящему ценной, стимулируя создание более качественного контента. И все это может быть реализовано только на основе блокчейна BSV».

비트코인 협회, 비트코인 SV를 기반으로 한 인터넷의 미래를 앞당기기 위해

캠브리지 대학교 메타넷 소사이어티 후원

비트코인 협회는 비트코인 SV의 연구 및 개발을 지원하기 위해 2019~2020학년도 캠브리지 대학교 메타넷 소사이어티에 대한 타이틀 후원을 발표합니다.  소사이어티는 재정 지원을 이용하여 BSV 프로토콜, 블록체인 및 암호화폐의 강력한 기능을 교육, 홍보하는 행사를 실시하게 됩니다.

비트코인 협회는 비트코인 기업을 위한 전 세계적인 산업 기구입니다.  (현재) 크게 확장할 수 있고, (현재) 강력한 유용성을 지닌 블록체인을 바탕으로 한 유일한 암호화폐로 비트코인 사토시 비전(BSV)을 지원하고 (현재) 개발자들이 엔터프라이즈급 응용 프로그램을 구축할 수 있는 명확한 프로토콜 개발에 헌신하고 있습니다.  또한, BSV는 비트코인 창조자 사토시 나카모토(Satoshi Nakamoto)의 원래 디자인을 그대로 따르는 유일한 프로젝트입니다. 간단히 말해 BSV이 비트코인인 셈입니다.

캠브리지 유전학 박사과정 학생인 로빈 코제(Robin Kohze)가 설립한 캠브리지 대학교 메타넷 소사이어티는 비트코인 프로토콜이 단지 탈중앙화된 암호화폐 이상의 것을 제공할 수 있다는 점을 인식하고 있습니다. 소사이어티는 런던에 사무소를 둔 주요 블록체인 자문, 연구 및 개발 회사 nChain의 수석 과학자 크레이그 라이트(Craig S. Wright) 박사가 고안한 “메타넷” 프로젝트에서 그 이름을 따왔습니다.   메타넷은 비트코인 블록체인을 기반으로 운영되는 인터넷을 구성, 촉진하기 위한 글로벌 프로토콜이자 프레임으로서, 동일한 속성을 가진 거래에서 동시에 금융 결제를 전송하고 데이터를 전송할 수 있는 비트코인의 이중 기능을 결합합니다.   메타넷은 모든 사용자 활동 및 데이터가 사용자에게 가치를 지니는 더 나은, 더 많은 상업 인터넷을 창출할 수 있습니다.  이는 대규모 확장 기능으로 인해 오직 비트코인 SV 블록체인에서만 가능합니다.

코제(Kohze)는 최근 비트코인 협회의 제2회 BSV 해커톤에서 2위를 차지했으며, 한국에서 개최되는 코인긱 서울 컨퍼런스에서 최종 결선을 앞두고 있습니다.  그의 프로젝트인 “하이브(Hive)”는 자신의 유전학적 배경에 기반한 것으로, 전 세계의 개인들이 추가한 정보를 연결하는 “벌집(beehive)”을 만들어냅니다. 정보가 있는 모든 콘텐츠 노드는 하나 이상의 연결된 노드가 필요하며, 노드에 대한 모든 링크의 경우, 동적 비용이 있습니다. 사용자는 언제 새 콘텐츠가 추가되는지, 그리고 언제 BSV 블록체인에서 직접 정보를 가져오는지에 대해 알림을 받습니다. 

캠브리지 대학교 메타넷 소사이어티는 BSV를 기반으로 한 메타넷 프로젝트를 달성하기 위한 연구를 추진하며, 학생들과 선구자적 이론가들을 위해 캠브리지 대학교 캠퍼스에서 주간 회의와 프로그램을 주최하여 강연, 토론 및 튜토리얼을 진행합니다.  

캠브리지 대학교 메타넷 소사이어티 대표인 로빈 코제(Robin Kohze)는 다음과 같이 이야기합니다. “캠브리지는 전통적으로 총명하고 창의적인 인재들을 과감한 아이디어로 인도하고 언제나 현재에 도전하는 장이었습니다.   재정 지원 결정을 내린 비트코인 협회에 감사드리며, 지원을 통해 이번 학년도 실제 세계의 유용성 응용 프로그램에 초점을 맞추는 새로운 세대의 비트코인 개발자들을 가르치고 지원하기 위한 22개 행사를 주최할 수 있게 되었습니다.”

후원을 받아 치러지는 첫 번째 행사는 10월 17일에 있을 예정이며, 크레이그 라이트(Craig Wright) 박사와 비트코인 협회 회장 지미 응우엔(Jimmy Nguyen)이 연사로 참여합니다.

응우엔(Nguyen)의 말: “비트코인의 진정한 힘은 결국 비트코인 SV에서 드러날 것이기에 캠브리지 대학교의 총명하고 과감한 학생들을 지원하여 메타넷 구축 방식을 배울 수 있다는 점이 실로 짜릿합니다.  그들의 작업은 데이터에 대해 사용자에게 진정으로 보상하고, 사용자 온라인 활동에서 금전적 가치를 창출하며, 더 높은 품질의 콘텐츠를 장려하는 미래의 인터넷에 기여하게 될 것이며, 이는 모두 BSV에서만 가능합니다.”

nChain’s Road to Genesis and unlimited BSV scaling at CoinGeek Seoul

The first day of CoinGeek Seoul was dedicated to Bitcoin’s technical power, and there was a lot of talk about how Bitcoin is coming more powerful on its road to Genesis. Several developers from nChain, led by Technical Director Steve Shadders, took the stage to explain exactly what they’re doing to bring Bitcoin SV (BSV) back into alignment with Satoshi’s original vision, and allow it to scale the blockchain to an unlimited degree.

Shadders began the discussion by giving a bit of a history on Bitcoin, describing how it was held back needlessly by Bitcoin Core developers. But now that it’s following its original vision once again as BSV and being allowed to scale, it’s showing very healthy growth, with constantly increasing transaction counts, block sizes, and usage, all positive indicators that its going in the right direction.

He then teased a few big changes coming when BSV returns to its genesis. OP_RETURN, which was limited for so long, will soon have the ability to have multiple OP_RETURNs in the same transaction. Big numbers is coming to BSV, allowing it to have cryptography in script for the first time. It will also expand beyond the current three scripting options to have many more.

One point he explained at length was the deprecation of Pay-to-script-hash (P2SH), which is being done for both technical and philosophical reasons. It’s being made up for by the introducing of accumulator multisig, and dove deep into the code of how that will work.

nChain’s Road to Genesis and unlimited BSV scaling at CoinGeek Seoul

The goal of all this is to increase the security of zero confirmation transactions, or zero conf. Building confidence in zero conf is important to scaling, Shadders explained, because it builds confidence that bigger things can be done without a potential lack of security or funds.

Shadders then introduced Daniel Connolly, Lead Developer of the Bitcoin SV node project, to explain to the crowd what Terranode is. “Terranode is bitcoin server software that has been rebuilt from the ground up for enterprise and scale,” he explained simply.

What it hopes to accomplish is 50,000 transactions per second, with big blocks and big transactions. It will do this with better messaging, allowing for large data and streaming data support. It will also have more efficient data stores, keeping only what’s necessary to keep the blockchain going.

Terranode already exists in an experimental stage, working on both the Mainnet and Scaling Test Network (STN). He also noted that a P2P system is currently in development.

Next, John Murphy was welcomed to the stage. He is the Lead Developer of the Nakasendo SDK team.

What is Nakasendo? If you’ve been following Dr. Craig Wright’s writings, you’ll already be familiar with the concept. It allows for public shared secrets or functions, without individual members giving up any privacy involuntarily. “You don’t have a single private key, the private key has been split into multiple shares and these can be distributed across multiple parties or players,” he said.

Murphy conducted a live demonstration of working Nakasendo code for the audience, demonstrating that the tools to allow board members to make decisions for their enterprises on the blockchain is already within reach.

Finally, Dr. Alex Mackay, a researcher at nChain, took the stage in the afternoon to talk about how simplified payment verification (SPV) can be introduced in a low bandwidth process to increase merchant adoption.

nChain’s Road to Genesis and unlimited BSV scaling at CoinGeek Seoul

To spread crypto adoption, Mackay noted, crypto payments have to get closer to how fiat payments work, and specifically, how we traditionally pay for items at a check-out counter. The customer needs to be able to spend BSV without being online, putting the burden on the merchant to broadcast the transaction.

To do this, a low bandwidth SPV system is the solution. Customers will have wallets which can be offline the majority of the time, with only the ability to pay for transactions with contained block headers UTXOs, Input Txs and Merkle paths. Merchants, on the other hand, will have systems which can be branched throughout a location with a central hub, receiving those payments and broadcasting them to the blockchain.

It’s a system that may not be too far away from reality, as it’s been built to work with BIP270.

The folks at nChain hope that these new pieces of infrastructure will help BSV towards its goal of scaling, and every single element discussed by the team at CoinGeek Seoul does that in one way or another. Faster transactions, bigger blocks, and more possibilities are being promised to the users and enterprises who chose BSV.

Steve Shadders: ‘Ultimately, my goal is to make myself replaceable and redundant’

An Australian Bitcoin developer living in London, Steve Shadders is, at first glance, the typical geek, complete with goatee beard, glasses and ponytail. But it only takes a few minutes chat to get way beyond the stereotype. He thinks widely about the politics and economics of Bitcoin, and he’s a former DJ, with a love of techno — a calling which he says delayed his entry into the world of software by several years.

“Shadders” as he’s known at nChain, the Bitcoin SV development company of which he’s Chief Technology Officer, operates in many dimensions. There’s an ideological side to him, the legacy of youthful, anarchistic attitudes: “As Bitcoin becomes more widespread,” he says, “it puts the power of economic sovereignty into the hands of people who currently don’t have it …There is nothing more powerful that you can give someone than opportunity.”

The mission of nChain, according to its website is “to ignite global adoption and enterprise level of usage of Bitcoin.” To that end, Steve leads the nChain developer team behind a series of “upgrades” to the Bitcoin SV protocol (he prefers “upgrade” to “hard fork”). This year, we’ve had the Quasar upgrade, and next year will be Genesis. The idea is to bring the Bitcoin SV protocol back to how it was when Bitcoin started — hence the “SV,” Satoshi vision.

Part of that process is to allow Bitcoin miners rather than developers to call the shots. As a developer, himself, Steve realises this has implications for him: “Ultimately, my goal is to make myself replaceable and redundant — and I hope to achieve that within a couple of years.” By then, the governance role in Bitcoin will be handed to a group of people rather than a few individuals, leaving miners with the ultimate responsibility for the ecosystem.

Steve works closely with Craig Wright, nChain’s Chief Scientist. He admits that “it can be challenging to understand what Craig’s talking about sometimes.” About six months after Craig has raised a new idea, Steve says modestly, he finally understands “what he really means.” But it’s a privilege “to be able to pick his brains on a daily basis …he’s thinking about things years before anyone else.”

As for his own ideas about where Bitcoin is heading, Steve is an unashamed ‘Bitcoin maximalist.’ He does accept that “probably the notion of private blockchains will be around for a while before the business world gets comfortable with the fact that public blockchains actually offer far more benefits than than the perceived benefits of keeping it private.” But in the end, he predicts, it’ll be “one coin to rule them all.” And he doesn’t expect Bitcoin SV’s rivals to be around “in five or ten years.”

If BSV develops the way Steve predicts, he’ll go so far as to agree that the work of nChain today might be of interest to future historians. And he points out that “a lot of that work is going to be recorded there immutably, in the blockchain, so it will be easier for blockchain archaeologists to work out what happened.” It’s just another advantage of blockchain technology!

Hear the full interview with Steve Shadders on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is the first episode of the podcast’s second season. If you’re new to it, there are 30 episodes from season one to catch up on.

Here’s how to find them:

 – Search for “CoinGeek Conversations” wherever you get your podcasts
 – Subscribe on iTunes
 – Listen on Spotify
 – Visit the CoinGeek Conversations website
 – Watch on the CoinGeek Conversations YouTube playlist

BSV로 간소화되는 재무 감사 절차

비트코인 SV 블록체인은계속해서전세계에걸쳐여러산업에혁명을일으키며비즈니스모델을바꿔가고있습니다. 가장확장성이큰블록체인이됨으로써, 기업에놀라울정도로낮은수수료로초당수천건의거래를지원할수있는응용프로그램을개발할자유를부여해왔습니다. 또한비트코인 SV는재무감사절차를획기적으로간소화하여기업에자동화된자체집행감사프로세스를실행할수있는능력을부여했습니다.

비트코인 SV는스마트계약을지원하는비즈니스응용프로그램의구축을지원합니다. 사전결정되는특정조건이충족될때자체적으로실행하는이러한계약을통해기업은재무감사절차를자동화할수있습니다. 이외에도, 블록체인집행스마트계약을위한레지스트리및자동화관리방법을통해해당계약이철저히준수되도록할수있습니다.

이러한솔루션은법적구속력이있는전자방식계약의믿을수있는서명을위한 nChain의결정론적키생성을사용하는프라이버시강화를포함, 사업주들에게여러혜택을제공합니다. 또한다양한언어및 JSON, XML 및 XBRL 등의시설과완전히통합가능합니다.

비트코인 SV 블록체인사용을통해기업은변경할수없는감사증거를가질수있게됩니다. 비트코인 SV 블록체인에기록된거래는변경할수없습니다. 감사내용은또한쉽게접근할수있어기업이모든비용을쉽게기록할수있습니다. 비트코인 SV는참여자들이새블록을승인하도록장려하는내부경제를통해검열에저항적입니다. 이를통해블록체인의기록은요청시언제나이용할수있습니다.

비트코인 SV는재무감사절차를간소화할뿐만아니라, 사기위험또한근절합니다. 크레이그라이트(Craig S. Wright) 박사는다음과같이설명했습니다. “토큰화된노트를사용하면조직이거래의하나로수집한모든세금을즉시지급할수있습니다. 그렇게함으로써규모가작은사업에대한거래를간소화하고, 대규모조직내많은형태의사기행위를중단시킬수있습니다. 더중요하게는, 정부가비즈니스에대한최소한의개입으로수입을벌어들일수있습니다.”

비트코인 SV 블록체인을사용하면재무감사들이감사정보에더쉽게접근할수있게됩니다. 현재는전자식, 수동식모두를포괄하는여러다양한포맷으로계정조정, 분개장기재, 시산표, 하위장부발췌및기타뒷받침정보를이용할수있습니다. 이러한방식으로는재무감사가따분하며시간이소모됩니다. 비트코인 SV 블록체인을기반으로하면기업은쉽고접근가능한포맷으로재무감사자들이모든재무정보에액세스할수있도록만들수있습니다.

비트코인 SV는글로벌기업블록체인으로자리매김해왔으며 10월 1일, 사업주, 개발자및기타블록체인주주들이코인긱서울컨퍼런스를위해한국에모일것입니다. 참석자들은퀘이사프로토콜업그레이드와같은비트코인 SV 생태계의최신발전상황활용할수있는방안을배우게될것입니다. 라이트(Wright) 박사를비롯한비트코인사회의여러이론가가행사를빛내줄것입니다. 놓치면안되는기회입니다. 바로티켓을예매하세요!

How Bitcoin can combine security and privacy with zero knowledge proofs

If you want to understand Bitcoin, sooner or later you’ll have to get to grips with questions of privacy, anonymity, pseudonymity and other tricky matters. Craig Wright, the Chief Scientist of nChain, has always insisted that Bitcoin wasn’t designed to be anonymous – because that would make it the natural choice of criminals: “at best, an anonymous system forms a methodology for black markets and illicit and illegal trade,” he wrote, earlier this year, “I was never interested in creating a dark-web money.”

Instead, Bitcoin is pseudonymous, meaning that transactions are linked. Unlike cash, whose history is hard to trace as soon as a coin is paid to someone else, Bitcoin histories are there on the blockchain for all to see. Whilst you can’t tell who is moving a coin on the blockchain, you can see all the transactions it’s been part of. So if you can link that coin to a person, their Bitcoin activity can be followed. Pseudonymity is a compromise, making the system private enough for individuals to feel secure, while leaving an immutable evidence trail that can be followed if something goes wrong.

Some cryptocurrencies are not satisfied with the level of privacy provided by pseudonymity. The cryptographic technique they use to further anonymise transactions is called zero knowledge proofs (ZKP). For Bitcoin SV, ZKPs are still a valuable tool, but not for financial transactions, for the reasons mentioned above. Instead, they can be a useful feature of applications that are developed for the BSV blockchain.

Zero knowledge proofs are so called because they provide proof of something without revealing all the important details that would normally be needed to confirm an event or transaction. In other words, they allow the prover to show someone that an event has taken place while giving them ‘zero knowledge’ of those important details.

So how could that be possible? How can you be sure that someone is telling you the truth without being able to see for yourself the information they’re talking about? Well, here’s an example to illustrate the principle:

If you’re colour blind, could you ever confirm that two balls your friend gives you are different colours, when they look exactly the same to you?

Well, you could put the balls behind your back and then bring them out to show your friend – and ask whether you have swapped them round or not since the last time you showed them.

how-bitcoin-can-combine-security-and-privacy-with-zero-knowledge-proofs_2

If your friend can consistently get this test right – knowing whether the balls have been swapped or not – then you can be sure that he was telling you the truth when he said they are different colours.

One important feature of this ZKP scenario is that it only works for Charlie and Dave. Someone else – a colour-blind Alice, say – could watch any number of successful demonstrations in which Dave gets the swap question right. But even if she could see whether Charlie was swapping the balls or not, she couldn’t be sure that the balls are different colours because Dave and Charlie may have colluded on the sequence of swaps and answers they were going to perform in front of her. Only by being able to decide on making the swaps herself and asking Dave to respond, could she have confidence in the conclusions.

how-bitcoin-can-combine-security-and-privacy-with-zero-knowledge-proofs_3

So that’s a ZKP: you can’t recognise a difference between the two balls but you have a proxy for that difference that you can use for purposes of verification.

Translating this principle to the world of blockchain requires some complicated maths, but the principle is the same: you’re trying to confirm information without allowing the recipient to see the details – when they’re confidential, for instance.

Jad Wahab of nChain has been studying ZKPs and offers these examples of possible use cases where they could provide a critical part of an app design using the BSV blockchain:

ZKPs could be useful in identity checks or selective disclosure and access control: you might want to be able to confirm that you’re above a certain age, for instance, without revealing your actual age.

In ballots or polls, you may want to only be able to confirm that someone is eligible to vote but for reasons of confidentiality, you wouldn’t want to create a list of those individuals.

ZKPs could also be useful when committing to some information on the blockchain without revealing anything about the information (which would happen with a hash of the information for example). Or for auditing processes where you would like to prove something to a specific auditor without necessarily revealing any information to anyone else.

Jad says that developers won’t necessarily need to understand the exact mechanisms behind the ZKP that they want to incorporate into their product. He believes that ‘off the shelf’ software could soon be developed that can be plugged into a design and provide the functionality required.

With thanks to Jad Wahab. Jad has written about the unlinkable polling system design mentioned above, which was the subject of his dissertation project at UCL.

Jack Davies blog series delves into finer details of Metanet

The Metanet concept was first introduced by nChain Chief Scientist Dr. Craig Wright less than a year ago. Speaking at the CoinGeek Week Conference, Dr. Wright unveiled the concept as a vision for new paradigms for the Internet and data sharing.

The Metanet protocol is defined by inventor Dr. Craig Wright in concept as a ‘value network,’ which would relegate the Internet to a sidechain of a more comprehensive Bitcoin blockchain.

“The Internet becomes a sidechain to the Bitcoin blockchain. The Metanet is a value network — the entire global system of online activity and data connected commercially.”

Now, nChain researcher Jack Davies has taken this a step further, in a new blog series designed specifically to raise awareness and understanding of the Metanet in concept, and the Metanet protocol which supports its development.

In part one of the Metanet blog series, published on Medium, Davies wrote: “The Metanet represents a complete and utter redefinition of the paradigms that pervade the existing Internet infrastructure — particularly with respect to human interactions and the value we ascribe to them.”

Davies said that the Metanet helps address a fundamental problem with the Internet — that high quality data cannot be available free of charge.

He argues that information comes at a cost, and that these costs cannot be accurately met by the current structures of the Internet and data sharing, and that information quality benefits when true value is ascribed to the information.

“The broad solution, therefore, is an internet-like platform that puts the value of data at the centre of everything,” Davies wrote. “When it is expensive to deploy thousands of bots to spread falsehoods, when the mere act of reading an article requires a cost barrier, we are forced to think: how much do I value this data as information?”

He added, “It is here where the issues we face with the current Internet begin to fall away. By incorporating financial costs — however small — into our online behaviour, we are asked to express how much we truly value information with our wallets. Here lies one of the central goals that the Metanet, running natively on top of Bitcoin SV, can achieve.”

The series of blog posts is expected to cover the concept in overview, as well as specifics in relation to the Metanet protocol, with a view to raising awareness amongst BSV developers towards the end goal of a more valuable global data sharing infrastructure, powered by the technological superiority, and particularly the mass scalability, of BSV.

Brad Kristensen: Scaling Test Network makes big blocks a reality

The massive blockchain scaling that’s happening on the Bitcoin SV (BSV) network doesn’t just happen; it takes a lot of work. To help guarantee it works well when changes come to the mainnet, the development team have the Scaling Test Network (STN). Brad Kristensen, Software Engineer at nChain, joined CoinGeek’s Becky Liggero on Developer Day at the recent CoinGeek Toronto 2019 scaling conference to explain the importance of the STN.

The STN isn’t just a sandbox for the Bitcoin SV Node Team to play in, it has important roles to play in the development of BSV. “The Scaling Test Network fourth compatible network for the SV node,” Kristensen said. “It’s important for the ecosystem because it helps the SV node developers get a direct feedback loop on what they’re working in. So they produce the next set of changes, they run it on the STN, the STN provides immediate feedback thanks to the large transaction volume and the large amount of blocks, as to whether they’re making the right move forwards, or in some cases, backwards.”

What’s coming next for the STN is some of the biggest innovations for the BSV blockchain, but as Kristensen told Liggero, he also hopes to see greater participating from the business world. “I would expect to see all of the big leaps forward that Bitcoin SV makes would happen first on the Scaling Test Network,” he said. “We’re hoping to get more businesses running on the Scaling Test Network, testing their applications, building their applications. It’s really supposed to be the onramp and playground for Bitcoin SV and the insight of to what’s coming to Mainnet.”

That’s not an impossible ask either. The STN was opened to businesses in April, and interested groups can get in touch with nChain to start trying out their own business use cases and applications to ensure they are ready for the next phase of the BSV blockchain.

As 2019 is the year of blockchain scaling, Liggero asked what role the STN play in achieving huge blocks. “We make sure it can happen,” Kristensen said simply.