Craig Wright pushes Bitcoin for enterprise in Tokyo

Bitcoin should be a commodity and “just plumbing,” but it’s also “the best auditing technology in the world.” That was Dr. Craig Wright’s message to a gathering of businesspeople in Tokyo, some of whom were only just starting to learn about blockchain.

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Wright was speaking at the Bitcoin Association’s inaugural “BSV: Bitcoin for Business” program. The pilot event was aimed at delivering information on Bitcoin SV to those “not of blockchain,” i.e. businesspeople whose operations could benefit from bitcoin and associated technologies, but who are not familiar with or don’t understand it yet.

Joined by Jerry Chan of the Bitcoin Association, Wright gave a brief history of Bitcoin’s creation. Previous inventions like Digicash and eGold were great ideas, he said, but ones that ultimately failed due to large-scale criminal activity on their networks.

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Audit trails can eliminate corruption

He described his history at previous employer BDO, an auditing and assurance firm. The experience was educational—”Transparency is a huge problem and nearly every organization has some level of fraud,” he said. Fraud and corruption represented “some of the worst things on the planet,” behavior that impacted stock price and contributed to human misery in crime and poverty worldwide.

Contrary to popular belief, Bitcoin wasn’t created as an answer to the late 00s’ global financial crisis, nor was it intended to replace banks and governments. Instead, Wright said, it aims to make those institutions more transparent and fair.

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The average CDS (credit default swap) had millions of entries no-one could trace. Imagine a world where, even if you had a billion inputs, you could track them all. That’s a different world.

Within the context of offering business advice to attendees, Wright took aim at some favorite targets: exchanges like Binance, cypherpunks, and the thousands of other blockchain projects that exist today, particularly those offering utility tokens as tradable assets.

“You know what a utility token is? It’s a bus ticket, a cinema ticket,” he said. Their value shouldn’t be subject to gamblers’ speculation and it was useless to have a world where users needed to be constantly exchanging their tokens.

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We might as well go back to a barter system.

Bitcoin basics and incentives

Wright also explained how the Bitcoin network works and its key uses, with miners as incentivized rule enforcers, and the introduction of ASICs ridding the network of botnets.

In response to an audience question about how Bitcoin could replace existing national currencies, Wright said it wasn’t intended to. Bitcoin is a micropayments network with the potential for billion transactions per second; a different kind of internet. It allows privacy in transactions, something he described as the polar opposite of anonymity.

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With privacy, those involved in transactions still know who they’re dealing with. With total anonymity, no one knows anything about the other party and trust disappears.

He referred several times to electronic data interchange, or EDI—a company like Walmart could do trillions of transactions with EDI on blockchain, something “that would demolish their costs.”

Another question concerned Wright and nChain’s multiple patent applications, and whether this was compatible with Bitcoin’s vision of an open economy. He noted that even cypherpunk-affiliated developers like Hal Finney held patents on their inventions, and that they represented a guard against misuse of the technology.

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Message for Japan

The Japanese business environment is sophisticated and highly regulated. One big hurdle Bitcoin SV faces here is that it is not yet “whitelisted” by Japan’s financial regulator, the Financial Services Agency (FSA). This means it isn’t currently possible to buy or sell BSV on any of Japan’s legal exchanges.

Local advocates have begun to lobby for whitelisting, and events such as the “BSV: Bitcoin for Business” programs are intended to educate by highlighting BSV‘s law-friendly and responsible face.

Ken Shishido, representing the Japan Metanet Society, asked what Bitcoin could offer for Japanese business specifically.

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Wright replied that in the 1980s and 90s, Japan “was everything,” but had been let down by its banks and their lack of transparency.

“Japanese companies like Toyota and Sony have changed the world,” he said, and Japanese culture has always embraced new technology.

Japan can now embrace this technology and fulfill the promise of the 1980s.

Judging by the questions asked and the number of curious newcomers who approached Wright with more detailed questions after the event concluded, the message was well received.

“I was elated to see the turnout of industry professionals coming out hear Dr. Wright’s message,” stated Jerry Chan the Bitcoin Association Regional Manager of Japan & South Korea. “I felt their enthusiasm about Bitcoin’s original vision and use case, which really gave me renewed confidence that the industry is slowly maturing to be business and regulatory compatible. Also just to see Craig here in Japan, the creator of Bitcoin, as part of a ‘Satoshi’s return’ to the spiritual birthplace of Bitcoin and the entire cryptocurrency industry as a whole, was special. I was proud to be there and part of it.”

The Bitcoin Association now plans to make its “BSV: Bitcoin for Business” program a regular series, both in Japan and other locations around the world. Its message of improving business and government, rather than seeking to destroy institutions, is a positive one and far more likely to gain traction.

Pumpkin Lady Lazar still talking about Craig Wright, joins Twetch

If you thought the Pumpkin Lady, Angelina Lazar, was done with Bitcoin SV (BSV), then you’ve got another thing coming. Since finding some measure of fame with the BSV community, Lazar has kept up her interactions with those still in the frenzy of Pumpkin mania, even so far as to trying out BSV herself.

Following our reporting on the contentious exchange between Dr. Craig Wright and Lazar, she continued to tweet about the man and pumpkins for several days, before finally volunteering to join Twetch on October 20 to put the matter to bed.

After receiving some help and free BSV from the community to get started, Lazar got a rockstar welcome from Twetch users, racking up 44 likes and 44 comments on her first post, and quickly gaining 30 followers:

Her Twetch profile describes her entry into the world of BSV as “all about depumpkinizing the pumpkin patch n’ I gotta’ come to the patch to do so. ¬ BTC-mania! Let’s rumble! xo¬A.” Regardless of that effort, she’s using Twetch to post about the latest goings-on in the Bitcoin world, noting about the recent BTC vs BSV debate hosted by Hotep Jesus, “BTC vs BSV (Debate 1), BTC lost. We need a 2nd Debate. And need to keep track of who wins each & every debate.”

That doesn’t mean that she’s come to love BSV and Craig Wright just yet. She’s challenged Wright numerous times to another duel, hoping she can best him this time.

For their part, the BSV crowd have embraced Lazar, perhaps hoping to win her over with the easy usability of BSV. One user tweeted at her, “Believe me there’s no hard feelings, most of us are all in good spirits just excited about the innovation.” And while others have kept up the jabs, she’s taken them in stride, telling them when they “get a pass” for whatever joke they were making.

As one eagle eye user noted though, now that Lazar is on Twetch, there could be a business model for her continued opposition to Dr. Craig Wright.

SiGMA 2019 shines spotlight on AI, blockchain

It is a little over a month until SiGMA 2019 event kicks off in Malta, but the event already promises to be one that should provide an impressive assortment of speakers and presenters on the latest innovations. This is especially true in artificial intelligence (AI) and blockchain technology, where eight different presentations are scheduled during the three-day event.

SiGMA 2019 kicks off on November 27, and AI and Blockchain will highlight the first day. Jimmy Nguyen will get things started by providing his insights on how Bitcoin SV (BSV) has made the iGaming sector a focus for the upcoming year. Nguyen is the Founding President of the Bitcoin Association, and will address how BSV could very well become the leading digital currency for iGaming.

The first three presentations will all be based around BSV, which will include a 25-minute discussion on how it could very well replace such digital wallets as PayPal.

Discussions of blockchain technology will be showcased during this event. That starts at 14:55, with a discussion on how this technology is growing within the industry, and what that will exactly mean for iGaming. Also part of the discussion will be how tokenized assets will be implemented by operators to reduce costs and streamline gaming.

The final three presentations should be fascinating. The first will look at how blockchain applications are already being heavily used within iGaming and how there is a need to use this technology to a higher degree.

That will be followed by a discussion on the advancements in this technology in relation to esports. With esports growing in popularity across the globe, the need for improved technology to handle the large number of players, tournaments, and other competitions is creating a need for a more efficient and secure system. This will be addressed during this presentation.

Finally, Nguyen will be joined by Dr. Craig Wright as they discuss the future of blockchain and how it relates to iGaming. This will be an informal discussion, which will not only allow participants to receive valuable information but will also allow them to ask questions and interact with two of the leading minds in Bitcoin.

As blockchain continues to become a technology that is dominating the Internet, this presentation should be one that few other sectors can match in terms of importance. Register for the event now and make sure you don’t miss out.

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.

Craig Wright’s week at CC Forum, Angelina Lazar and Pumpkin mania

Dr. Craig Wright attended the CC Forum on blockchain, AI and digital innovations between October 14 and 16, speaking on panels and dueling other panelists. It was a big event if you enjoy differing point of views debating the hot technological topics of our time, and one we’d like to take a look back on, with special attention to the viral moment of the week—Dr. Wright’s pumpkin farming.

Finding common ground with a crypto skeptic

The first item on the agenda to feature Dr. Wright, the inventor of Bitcoin, was the panel named “The Global Centralised Financial System: What are the flaws & challenges and what are the possible solutions?” This panel featured top speakers from every corner of the digital asset world. Dr. Craig Wright spoke for Bitcoin SV (BSV), Tone Vays argued exclusively for BTC, Bobby Lee and Brock Pierce were on the side of cryptocurrency in general, while Nouriel Roubini was the crypto skeptic.

Compared to other events on the agenda, this panel went fairly well. Wright and Vays clashed lightly on BTC’s development strategy and the real Bitcoin and Nouriel criticized shitcoins, finding a lot of common ground with Wright while irritating Lee.

Explaining nChain’s patent strategy

Wright’s next turn at the conference came during a fireside chat with CEO of the Frontier Network, Eric Van Der Kleij. The two covered a wide range of topics, but spending a lot of time discussing nChain’s strategy of patenting Dr. Wright’s Bitcoin innovations, regulation in the crypto industry, and the perception of Wright in the wider cryptocurrency world.

Particularly when Wright’s integrity came into question, the chat got slightly antagonistic. Van Der Kleij chose to end on a question of Dr. Wright’s farming habits; a topic that would come up in the next item on the conference agenda. Wright responded:

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.

A duel on Bitcoin’s value

As that event ended, Van Der Kleij immediately invited Mike Beaver on stage for a duel with Dr. Craig Wright on “Bitcoin does not have any real value, or does it?” The two immediately proved to have problems seeing eye to eye, not finding common ground on the definition of what real value is, what the real Bitcoin is, and how much nChain’s patents will protect BSV from future threats. Wright bristled at that notion, saying:

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.

The debate totally unraveled when the audience was invited to question the duelists, as Angelina Lazar lost her composure after Wright suggested BTC would be doomed to fail.

Who is Angelina Lazar?

Most coverage of Angelina Lazar you can find online refers to a past of running a Ponzi scheme through the Charismatic Exchange company between 2005 and 2007, which took minimum deposits of $20,000 and promised 20% returns. She pleaded guilty to running a fraudulent investment scheme and was deported to her home country of Canada for her trouble.

More recently, she was a promoter of OneCoin for a period of time, calling it “the single most lucrative business and investment opportunity of a lifetime and in all history.” At some point, that opinion changed and she turned against the outfit, accusing them of being a scam and attempting to have her arrested for speaking out.

She now appears to be firmly in the camp of BTC, writing on Twitter “PEOPLE OF THE WORLD: BITCOIN TO THE END OF TIME! They’re tryin’ to CRASH & REPLACE IT with THEIR ONE WORLD CURRENCY! ARE SO THREATNED [sic] BY BTC!”

Since gaining viral fame, she hasn’t been shy to spar with BSV supporters, often going into capslock rants about rabbit-hole conspiracy theories, “ROGUE FBI agents,” and pointing out Satan’s work where she sees it.

This appears to be just a passing moment for her though, as once she’s free of the deep state and globalist conspiracy’s clutches, she plans to continue her crusade against OneCoin.

Pumpkin Mania

As fascinating as Angelina Lazar is, her lasting legacy from the CC Forum will likely be for inspiring the current pumpkin fascination in the BSV community.

Her message to Dr. Wright to go back to his pumpkins has been fully embraced by everyone in the BSV industry, with everyone giving their best effort to get in on the fun.

Some prefer to go right at the woman who inspired the moment:

Others have tried their hand at photoshopping:

It wouldn’t be a viral moment without a great gif:

And demonstrating he’s not above having some fun with the moment, Dr. Wright has joined in too.

If you want to see some of the best memes of the moment, check out Bitcoin Association Founding President Jimmy Nguyen’s Twitter thread on the topic. If you want to relive Dr. Craig Wright’s week at the CC Forum, check out our YouTube playlist.

Craig Wright on the importance of legacy in Bitcoin

If you ask the man who started the digital currency fervor, he’ll tell you that BTC is doing almost everything backwards. Dr. Craig Wright has been helping to set the record straight on what Bitcoin is truly supposed to do, and what it was designed to provide, and has published a new blog that delves into what should be taking place, as well as the importance of retaining the legacy that was Bitcoin.

Wright leads off by explaining, “One of the key aspects of Bitcoin is that it is set in stone; the protocol does not change. Many have been misled to believe that Bitcoin would be a system of nodes voting on a protocol, which could not be further from the truth. Nodes do not vote to change the protocol. This is not written in the white paper at all.” The transformation to nodes having a say was implemented by BTC developers and is a complete breakaway from what Bitcoin was designed to provide.

The Bitcoin whitepaper, the one that all subsequent blockchains should have followed, was specifically written in such a way to ensure that digital currency could operate within the boundaries of financial regulations, as well as the enforcement of the same. It was always meant to be a peer-to-peer currency, with the emphasis on currency and how it interacts currently with financial laws.

Wright adds, “The legacy system is one that is analogous to the original. Bitcoin Core differs from my original vision of Bitcoin in every way. Core does not implement Simplified Payment Verification (SPV), and has failed to comprehend what SPV is. More importantly, BTC is not peer-to-peer in any reasonable manner.”

If blockchain developers, mainly those involved in BTC, had read and properly understood the Bitcoin whitepaper, they would have created a digital currency solution that was completely mature and ready to be used from the start. It would have also been more readily acceptable to financial regulators, as it would have adhered to their policies and legal framework. Because the developers didn’t, many BTC users are going to find themselves, over time, facing financial difficulties brought on by those regulators.

There will be those that, either through a lack of understanding of lack of desire to accept the truth, will disagree with what Wright asserts. However, they will soon realize how off-base they are. Wright shows how by stating, “The simple fact is, the myriad protocol changes implemented by Core into BTC make it anything but the legacy. The implementation of BTC is widely misrepresented as the original. This will change. Those seeking to convert law and justice in order to create a system that promotes bucket shops and criminal activity are about to find how it ends. Bitcoin doesn’t avoid tax. Rather, systems such as taxation help stabilise Bitcoin. The IRS has made it clear that a fork from the original legacy protocol is income. Consequently, changes to the stable protocol that was set in stone form an airdrop that must be sold to pay for the income if you wish to keep the new airdrop coin.”

He concludes, “You may not want to believe what I say matters, and Core will try and tell you that what Satoshi said wouldn’t matter anymore. I’m not sorry to tell you, they’re wrong.”

Read Dr. Craig Wright’s latest blog post, “Taxing Times…,” here

Craig Wright joins ‘global centralized financial system’ panel at CC Forum

Dr. Craig S. Wright has joined the panel that will be discussing the global centralized financial system, its flaws, challenges and possible solutions at the upcoming CC Forum London Investment in Blockchain and AI conference. Dr. Wright joins other distinguished members of the panel who will discuss the way ahead for the financial system.

Other members of the panel will include Dr. Nouriel Roubini, an American economist popularly known as Dr. Doom. Roubini is well-known in the crypto community, mostly for his unceasing attacks on crypto which according to him are a pump and dump scheme. A lecturer at New York University’s Stern School of Business, Roubini made a name for himself as one of the very few economists who predicted the 2008 U.S housing bubble crash.

Other panelists will include Brock Pierce, a crypto entrepreneur who has been involved in numerous crypto projects. Pierce was one of the founders of Block.one, the company behind the EOS.IO software that the EOS blockchain is built on. He is also a co-founder of the EOS Alliance, Blockchain Capital, Tether and Mastercoin. As CoinGeek reported earlier this year, Pierce became the recipient of the first-ever crypto-backed mortgage.

Dr. Wright will also be joined on stage by Tone Vays, a crypto content creator known for his YouTube videos. The former VP at JP Morgan Chase has been educating the masses on crypto since 2013.

Bobby Lee will also join the panel. Lee founded BTCC in 2011 and acted as its CEO. BTCC was China’s first crypto exchange and for a number of years, one of the largest in the world. He is also a member of the board of directors at the Bitcoin Foundation and the founder of Ballet, a crypto hardware wallet.

CC Forum will also attract some key speakers from politicians and regulators, to leaders in the tech and business world. Members of the British Parliament including Lord Holmes, Lord Smith and Lord Waverly will address such issues as cryptocurrency regulation and how the government can create an enabling environment for the industry.

From the tech world, global leaders such as Huawei’s CTO Jorge Sebastiao; Fernando Martinho, the co-founder of blockchain cybersecurity firm Naoris and renowned doctor of artificial intelligence Fatmah Baothman will also be in attendance.

The financial industry will be well represented as well by titans such as Tim Draper, Guenther Dobrauz-Saldapenna, a partner at PwC Zurich; Steve Kelso, an executive at Galaxy Digital; Kenji Manno, the founder of Fusion Bank and more.

Dr. Wright will get to discuss the choking centralization of the financial system, an issue that’s dear to him. Having invented Bitcoin a decade ago to decentralize finance through peer-to-peer payments, Dr. Wright has been at the forefront in advocating for decentralization. The event will give him yet another opportunity to interact with leaders from several sectors and regions and spread the gospel of Bitcoin.

At the recently-held CoinGeek Seoul Conference, Dr. Wright revealed that he believes that using Bitcoin and blockchain technology, we can build a world where people works together as peers in building applications that incentivize crime to die. The only way to do this is through having more peer-to-peer interactions across the world and building on Bitcoin.

The CC Forum conference will be held on 14-16 October at the Queen Elizabeth II Conference Center in London. The event will focus on the impact that blockchain technology and AI are having in modern times and how to best enhance it. Grab your ticket now and secure a front row seat to listen to Satoshi Nakamoto as he shares his wisdom with the world.

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.”

Craig Wright after CoinGeek Seoul: ‘Go ahead and just build’

CoinGeek Seoul recently wrapped up, and it featured some of the most important Bitcoin SV (BSV) personalities and companies in the world. But perhaps the biggest personality in attendance was Dr. Craig Wright, and he joined Stephanie Tower at the conclusion of the event to sum up his feelings about the two day event.

“It’s actually been a wonderful conference, lots of people actually building new things,” Wright told Tower, when asked how he felt about this most recent BSV event. “It’s great to see all the work that’s been done.”

Tower followed up on that Wright’s message would be to the developers who were considering working on the BSV blockchain. “Don’t ask permission, just do it,” he responded. “You’re going to have a scaled platform, one that’s not going to change, one that will allow you to do anything that you can imagine that is legal, that enables you to build a company, so do it. If you can find something, if you can get investment, if you can build, don’t ask my permission, go ahead and just build.”

Wright is especially hopeful when looking to the future, giving Tower his outlook on what 2020 will be like for Bitcoin “There won’t be a scale limit anymore,” he noted. “We will basically be getting rid of the default cap all together, and at that point, there’s no more limits on Bitcoin.”

When asked if he was scared of the possibilities coming in the future of Bitcoin, Wright noted that he wasn’t, as the worst is already behind him. “The hard part, well, that’s actually the last 10 years of getting to a point where we have Bitcoin, and we can now take it and scale it to the world.”

Now that Bitcoin is ready to follow its original vision, Wright helped paint a picture of what is becoming possible. “Imagine a world where corruption is disincentivized,” he told Tower. “Where people are no longer paid under the table to take money, to have corrupt governments, where everything like that, all crime can be reported, where fraud, the evidence is there forever. Where computer hackers are traceable. It’s a different world, and one I’d love to be in.”