BSV is ready for the world’s business. Are you?

BSV is ready for the world’s business. Are you?

Since Bitcoin was revitalized in November 2018 in the form of Bitcoin SV (BSV), the Bitcoin world hasn’t been short of amazing. The recent months have proven that by following Satoshi’s original plan of keeping a stable protocol as we focus on the roadmap towards secure, massive on chain scaling, we are opening a world of incredible new possibilities—as we work towards enabling the world’s new money.

In October, we announced Tokenized, which creates customizable smart contract system for Bitcoin SV, as the winner of our £5M contest for Bitcoin Token Solutions. This project, created by James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee, proves that Satoshi’s original vision for Bitcoin undeniably works, because they used resources only made available through massive scaling, and not through further protocol changes.

We’ve already seen that because Bitcoin SV offers unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation. Now, we’re on the next step. That of creating businesses and industries powered by Bitcoin SV. I know people have bright ideas of how to do that, and they just might need a little support to make it a reality.

Bitcoin, after all, is not just the future of money—it’s the future of business.

I’ve said it before but it merits repeating. 2019 will be a year of massive on-chain scaling, and that’s already proving to be true. Bitcoin SV has already proven it can sustain 64MB blocks, 103MB blocks, and now regularly mines 128MB blocks, with plans to reach 500MB by the mid-year, and between 1GB and 2GB blocks by the end of the year. The protocol has already proven that scaling on chain has to come first, and application developers and users will flow in to fill it.

Now, I want to plan the next step, and get the world’s new businesses kick-started. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.

Celebrate the renewed life of Bitcoin, and all the developments happening with Bitcoin SV, with all the world leaders in on-chain scaling at the CoinGeek Toronto conference on May 29-30. This is the third conference I’ve done, and this time, the special focus is on massive on-chain scaling—the one area where people supporting these other technologies that don’t work are very confused about.

On-chain scaling gives the confidence to enterprises and start-ups to aim their application development at that network which is going to stimulate the transaction volume that’s necessary to attract the security. At the end of the day, just like there’s no need to be two internets, there will only be one platform. And that platform has to, by definition, be the one that scales.

CoinGeek Toronto, which will take place at the Carlu, will welcome new faces as well as familiar names to the global stage, alongside BSV leaders such as nChain’s Dr. Craig Wright and Founding President of the Bitcoin Association Jimmy Nguyen. And of course, to celebrate, there’ll be one of my famous after-parties—the likes of which Toronto has not yet seen!

For full details and to reserve tickets to CoinGeek Toronto, register here. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.

Bitcoin SV is ready for the world’s business

Bitcoin SV is ready for the world’s business

The Bitcoin world hasn’t been short of amazing, with several new developments since Bitcoin was revitalized in November 2018. Bitcoin SV is proving that by following Satoshi’s original plan of keeping a stable protocol and pursuing massive on chain scaling, it opens up incredible new possibilities. Altcoins parading around pretending to be Bitcoin are chasing their tail while we work on the world’s new money.

In October, we announced “Tokenized” as the winner of our £5M contest for Bitcoin Token Solutions. Their project, created by James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee, created a customizable smart contract system for Bitcoin SV.

Their efforts proved that Satoshi’s original vision for Bitcoin undeniably works, because they used resources only made available through massive scaling, and not through further protocol changes. For it, we rewarded them with the £5M prize.

Now I want to kick things into high gear and encourage the next wave of business applications using the Bitcoin SV and the Tokenized protocol. I’d like to invite any enterprising teams or individuals to develop their business plans that use this combination of technologies. Send us your business plans, and we’ll take a hard look at what you’re working on. With help from the great minds at nChain, who will be advising us, if we see the potential in your plan, I’ll invest in your project to help make it a reality.

Bitcoin is not just the future of money, it’s the future of business.

We’ve already seen that because Bitcoin SV offers unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation. The next step to that is creating businesses and industries using the advantages of Bitcoin SV. I know people have bright ideas of how to do that, and they just might need a little support to make it a reality.

I’ve said it before but it merits repeating. 2019 will be a year of massive on-chain scaling, and that’s already proving to be true. Bitcoin SV has already proven it can sustain 64MB blocks, 103MB  blocks, and the plan is to much bigger. The protocol has already proven that betting on unlimited scaling was the correct choice.

Now, I want to plan the next step, and get the world’s new businesses kick-started. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.

Please send your proposals to [email protected]. Please remember to include an email and phone number where you can be reached.

The Bitcoin SV vision is to give miners a choice

比特币SV的愿景是为矿工提供一个选择

中本聪的早期著作之一中写道:“比特币的本质是,一旦0.1版本发布,其核心设计将在其今后的生命周期中保持稳定。”但这是否意味着完全不会发生任何变化?

这是最近在泰国召开的2018比特币未来曼谷峰会上,nChain的首席执行官吉米·阮(Jimmy Nguyen)提出的问题之一。在为期两天的峰会中,吉米·阮和首席科学家克雷格·怀特博士(Dr. Craig Wright)向参会的矿工和开发者发表讲话 ,提醒大家比特币现金(BCH)的目的是“恢复来自BTC的比特币原貌”,并且他们认为自己汇集在一起的目的是想要创建“我们认为将满足中本聪愿景的比特币协议”。由Yours.org用户cryptomic记录的吉米·阮和克雷格·怀特博士的讲话全文可以在此处查阅。

“我们认为现在是比特币作为一个完整世界和生态系统组织起来并实现专业化的时候了,而这正是我们所倡导的。” 吉米·阮说道,“我们这么说是什么意思呢? 我们指的是一个稳定的协议。”

最有希望的比特币现金节点实现之一是比特币SV,这个项目最初的目的是为矿工提供支持,让他们可以对关键协议升级做出明智的决策。与广泛持有的观点相反,比特币SV不是一个分叉——它将锁定“经过实战检验”的现有比特币现金协议。进而,矿工们将有选择权和发言权来推动将比特币恢复到最佳状态的进程。即无界区块(unbounded block)和原始OP_Codes的状态。

今年11月,运行比特币SV的采矿节点将在比特币现金网络上进行有限的几项升级,其中最重要的是将默认最大区块大小从32MB增加到128MB。

但是为什么现在扩展并且在区块大小方面快速扩展很重要?在与业务分析师进行一些建模后,吉米·阮说原因很简单:矿工有直接的经济需求。

“在两年内,区块奖励将再次分成两半,降到6.25比特币现金。因此,开采的人在两年后获得的报酬将是现在的一半。要保持目前的盈利能力,意味着在两年内他们必须以其它方式弥补6.25个币值,这必须来自交易费用而且必须有更高的交易量”,吉米·阮解释说。

他补充说:“如果我们想在两年内接近4.16GB,我们就不能等一年再行动。我们必须现在开始这个过程。这至关重要,因为如果不这么做,当矿工们无法通过交易量和交易费弥补他们所需的实际收入,则两年之后挖矿就将变得无利可图,进而会威胁到整个网络的可行性和安全性。”

吉米·阮表示,倡导快速安全地扩展并不是出于对更大区块的需求。

“系统中必须这样做,并且立即开始,这有着迫在眉睫的经济原因。我们希望
锁定原始的比特币协议,以便可以在其上可靠地构建业务。通过质量保证和安全审计使整个过程专业化。促进零配置安全性。”他说,“我们希望创造一条通向全球快速采用的途径,不仅仅用于支付,而是被大企业采用,这会增加矿工的收入,这点是至关重要的。除非挖矿有利可图并且能挣钱,否则两年之后就不会有矿工继续挖矿了。而我们所倡导的方法也将为他们带来优质服务,例如数据,例如这种财产登记类型的风险投资,考虑到所需的数据容量,他们会以此挣到更多的钱。”

可以在这里查阅吉米·阮和克雷格·怀特博士的讲话全文。本次为期两天的泰国会议的录音可以在这里获取。

The Bitcoin SV vision is to give miners a choice

The Bitcoin SV vision is to give miners a choice

To read in Chinese click here.

In one of Satoshi Nakamoto’s early writings, it was noted that “the nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.” But does that mean that not a single change can ever happen?

That was the one of the questions posed by nChain CEO Jimmy Nguyen at the recently held The Future of Bitcoin Summit Bangkok 2018 in Thailand. During the two-day summit, Nguyen, along with Chief Scientist Dr. Craig Wright, addressed an audience of miners and developers to remind everyone that the Bitcoin Cash (BCH) was birthed “to restore what Bitcoin was from BTC,” and that they pooled together because they want to create “a Bitcoin protocol that we believe will fulfil Satoshi’s vision.” The full transcription of Jimmy Nguyen and Dr. Craig Wright’s speech by Yours.org user cryptomic can be read here.

“We believe it’s time for Bitcoin as an entire world and ecosystem to group up and professionalize, and that’s what we’re advocating,” Nguyen said. “And what do we mean by that? What we mean by that is a protocol that is stable.”

One of the most promising Bitcoin BCH node implementation is Bitcoin SV, a project born out of the desire to empower miners so they’ll make informed decisions about critical protocol upgrades. Contrary to widely held belief, Bitcoin SV is not a fork—it will lock the “battle-tested” Bitcoin BCH protocol in place. In turn, miners will have a choice and a voice to drive the process of restoring Bitcoin to its optimal state. That of unbounded blocks and original OP_Codes.

This November, mining nodes running Bitcoin SV will enable a short list of upgrades on the BCH network, the most important of which is increasing the default maximum block size from 32MB to 128MB.

But why is it important to scale now, and scale fast in terms of block size? After some modelling with business analysts, Nguyen said the reason is simple: There’s a direct economic need for miners.

“In two years the block reward will be split in half again to 6.25 BCH. So anyone who’s mining now will in two years receive half of what they’re receiving today. In order to maintain even current profitability, what that means is in two years they have to make up that 6.25 coins worth of value in something else, which has to come in transaction fees and which has to come in higher transaction volume,” Nguyen explained.

He added, “If we have to get anywhere near 4, 16 gigabytes in two years, we can’t wait a year from now. We have to start that process now. That’s critical because otherwise in two years mining is going to become less profitable and that threatens the whole viability and security of the network if the miners cannot make up the actual revenue they need to make up in transaction volume and fees.”

Nguyen said the advocacy to scale quickly and safely was not born out of a desire for bigger blocks.

“There is an imperative economically built into the system to do this and do it now. We want to lock the original Bitcoin protocol so that businesses can reliably build on it. Professionalize the whole process with quality assurance and security audits. Promote zero-conf security,” he said. “We want to create a pathway to rapid adoption globally, and not just for payments but by the big enterprises which will lead to the miner revenue which is critical. Unless they are being profitable and making money, miners will not continue doing this after two years, and the approach we’re advocating will also lead to premium services for them, such as data, such as this property registry type venture for which they’ll get paid more money given the data capacity needed.”

Read the full transcription of Jimmy Nguyen and Dr. Craig Wright’s speech here. Audio recordings of the two-day proceedings in Thailand are available here.

Calvin Ayre: Bitcoin Cash is more than just a company

Calvin Ayre: Bitcoin Cash is a movement

To say that the global cryptocurrency community has been buzzing lately would be an understatement.

For the month of March alone, more than 60 Bitcoin and blockchain-related events have been held in virtually all parts of the globe, including TOKEN2049 Conference in Hong Kong and the highly acclaimed Satoshi’s Vision Conference in Tokyo, Japan.

Though they were held in the same week, the two events had very different focus. Antiguan entrepreneur Calvin Ayre, who attended both conferences, described ICO-focused Token2049 as “a multi-level marketing conference,” whereas Satoshi’s Vision “focused on making fundamental changes to the society.”

“[Satoshi’s Vision Conference] is very much about how Bitcoin specifically, but cryptocurrencies in general, could change the world… The people here are really focused on making fundamental changes to the society, whereas the conference that we just had [attended] in Hong Kong, it felt like a multi-level marketing conference. There’s a bunch of people that were there mainly… working on some get-rich-quick schemes or what not,” Ayre said. “This conference here [in Tokyo] is the real deal, and I think in the years ahead, we’ll see a lot more conferences like this one.”

Ayre is a huge supporter of Bitcoin Cash. As part of his deeper involvement in all things Bitcoin, Ayre has been putting his time, effort and financial resources into projects—including Lokad’s Terab Project, Electron Cash, Cash Shuffle Group’s BCH ‘Mixer’ tool, and a Bitcoin Cash tokenization contest—that expand Bitcoin’s reach and acceptance, which begs the question: why?

“Somebody’s got to do it,” Ayre said. “I think Roger Ver kind of summed it up. This project is more than just a company, it’s a movement. I’m a big believer in it myself, and I got the financial resources so I want to seed a few things that I think are good for the greater community.”

Conduit for merchant community

CoinGeek, a part of the Ayre Media Group, is organizing its very own conference in May—an event that will bring together the brightest and most dedicated minds behind cryptocurrency. Unlike the Satoshi’s Vision Conference, which focused on the evolution of the platform, Ayre said the upcoming CoinGeek.com Conference will center on merchant adoption.

“I’m also working on positioning [CoinGeek] conference because of the fact that we’re dovetailing it to come just a few days after the next fork in BCH, which is May 15… the next fork in BCH is going to be November 15, and so we’re hoping that we can have our next conference on the 29th of November,” Ayre said. “We hope by having our conferences around the same time as these forks, that we can become a conduit for the merchant community back into the platform developers, so that there can be better communication between the two.”

The inaugural CoinGeek.com Conference, which will take place at the Four Seasons Hotel in Hong Kong on May 18, is shaping up to be a landmark event tackling merchant adoption and providing education on the benefits of Bitcoin Cash.

“I think Bitcoin Cash, which is the one true Bitcoin, is going to become the dominant global public blockchain, the one chain that can do it all and everything will be on it,” Ayre said.

Registration for the CoinGeek.com Conference is now open with a 50% discount for those paying in BCH, but credit card payments are also welcome.

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/

Dr. Craig Wright: With Bitcoin

Dr. Craig Wright: With Bitcoin, the power is within

Sorry Raspberry Pi users, your tiny computers aren’t enough to handle a full Bitcoin node.

At the recently held Satoshi’s Vision conference in Tokyo, Japan, Dr. Craig Wright explained how network topology works, and, in the process, debunked the notion that an outfitted Raspberry Pi can be used as a full Bitcoin node.

The nChain chief scientist prefaced his presentation, “Bitcoin network topology: Small world vs mesh,” by saying that the key to understanding connectivity and Bitcoin is to bear in mind that Bitcoin is incentivized. Bitcoin, he said, is “actually very close to a biological system,” where nodes aren’t the important part—the connections are.

“With Bitcoin, the power is within. The code is rich enough. The network is strong enough. We don’t need to do half the things people tell us we need to do. We don’t need to rebuild it, we don’t need to change it, we don’t need to bastardize it. Bitcoin is powerful right now,” Wright said.

So where do the Raspberry Pis fit in? Nowhere. Miners, after all, are incentivized to process a transaction on the network, and a Raspberry Pi does not have enough processing power, memory and network bandwidth to maintain it all, according to Wright.

“If you have to open up many, many connections, your machine grinds to a halt and it becomes slower. So all those Raspberry Pis out there end up slower, they take 30 seconds, 40 seconds to transmit a transaction. And as you send that transaction, it hits all the miners, and all the miners have that transaction in 1-3 seconds, and it can get faster than that as well. By the time any Raspberry Pi decides that’s a valid transaction, the miners have either accepted or rejected it,” Wright said, “because miners are incentivized to connect to miners. Every second matters to a miner. Every second, if you can mine one second faster, verify one second faster, get a block out one second faster, you make money. Making money makes people want to do this. We use greed for good. This is what Bitcoin does. Bitcoin is not a system of cryptographic protocols, it uses them. It is an incentive system. You can’t cheat the system because if you do, you lose money. That’s what it’s about.”

Watch Dr. Craig Wright’s “Bitcoin network topology: Small world vs mesh” presentation here:

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/dr-craig-wright-bitcoin-power-within-video/

Roger Ver at Satoshi Vision

Bitcoin Cash will usher global economic freedom, Roger Ver says

Economic freedom is defined as the ability of people in a society or a country to take economic actions. It’s the measure of how easy it is for members of a society to participate in the economy, where freedom exists for everybody from free markets to free trade and free enterprise.

Digital currencies like Bitcoin have been touted as the best tools the world has ever seen that will bring economic freedom to the world—until the governments stepped in.

In his presentation at the recently held Satoshi’s Vision conference in Tokyo, Japan, Bitcoin.com owner Roger Ver explained how he thinks the world governments have been encroaching upon the economic freedom of the people. It’s simple, Ver said. They did it by advocating for 1MB blocks to intentionally create high fees, less privacy, slow confirmations, and unreliable transactions, and that would end up resulting in fewer users, fewer nodes, lower adoption, less privacy, a lower Bitcoin market cap, a lower Bitcoin market share, and less censorship resistance.

“I’m not saying that Blockstream and Core are intentionally in the government attack on the adoption of cryptocurrencies around the world, but if you stop and think about it, I can’t really think of a more effective way to do it—they literally shattered what used to be this unified Bitcoin ecosystem, they’ve now shattered it into a thousand and one altcoins around the world with in-fighting within the communities and people competing on this and that, and all sorts of hostilities, and get it through primarily censorship and propaganda and lies,” Ver 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 the Bitcoin Core supporters have been doing which should be condemned by anybody who supports free speech.”

This is reason why the market has moved to alt coins, particularly Bitcoin Cash, which continues to stay true to the spirit of Bitcoin. But Ver said there’s “a thousand and one” competitors out there, so the community needs to step up and make Bitcoin Cash the most useful digital currency in the world, with fast, cheap, reliable transactions for everybody, permissionless innovations, censorship resistance, private transactions.

“This is why I’m here, supporting Bitcoin Cash before you because I want to use it to bring more economic freedom to the world, and whatever tool does it, I’m on board with that,” Ver said. “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 currency around the world are supporting it.”

Watch Roger Ver talk about Bitcoin Cash and economic freedom here:

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/bitcoin-cash-will-usher-global-economic-freedom-roger-ver-says-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/