Indonesia hosts lawyers to train on cryptocurrency

While many countries around the globe are actively embracing cryptocurrencies, that doesn’t mean all of them are doing so. In fact, there are eight countries that have banned the sale and ownership of these digital assets in some form, and one of those countries, Indonesia, will be hosting a gathering of lawyers from the other seven for a seminar specifically dedicated to cryptocurrencies.

The seminar is in direct response to an increase in illegal activity across the globe related to the use of these digital assets. Whether it is fraud, money laundering, or assistance in criminal ventures, BTC, and other digital currencies are quickly becoming a great source of revenue to use to hide these transactions from law enforcement officials.

Indonesia is one country that has banned all digital currencies. They recognized the growing number of crimes related to crypto assets, and have sought to work with other countries to fight this kind of activity.

As Dr. Arminsyah, the Deputy Attorney General puts it:

The development of technology and cryptocurrency crime that follows it will always grow without slowing down, let alone waiting for us to catch up, it will instead continue to go so fast, leaving behind anyone who’s too late to anticipate and adopt it. Cross-country cryptocurrency crime must be seen as a common enemy, therefore it cannot be addressed or faced partially by each country but must be prevented, fought, and eradicated holistically and together.

As part of the training, the eight countries will discuss what steps to take to fight these kinds of crimes. Included at the event will be Turkey, Singapore, Australia, Malaysia, Thailand, Russia, and Hong Kong. While all of these other nations don’t have as strict of an enforcement on their bans as Indonesia does, they all restrict these currencies in some form.

Dr. Arminsyah explained that he hoped that this training will help prosecutors and other law enforcement officials to recognize illegal activities using these currencies, so they can be shut down immediately.

“I hope that the coordination established by the trainees is not merely formal… but also through informal cooperation, prosecutors to prosecutors, police to prosecutors, and customs to prosecutors helping each other in the form of information delivery, data, advice, and the provision of facilities when they need each other.”

Postcard from Bali – BSV developers at work

Bali is a tropical island full of relaxed locals and excited holidaymakers. Plus – for last week only – about 30 developers from Bitcoin SV startups working together in a big room for several days. They soon found they had much in common, in the technical problems they were working on and their overall ambitions.

The atmosphere at the CambrianSV Bootcamp was uniformly positive and mutually supportive. The organisation of the event, though a team headed by Jack Liu of RelayX, was exemplary – well-planned without being bossy or officious.

It can be counted as a triumph in itself that people had actually turned up in distant (for many of us) Bali. Nobody on Jack’s team actually knew the place, so choosing it was a gamble. But people arrived from Germany, Brazil, the US, Scotland, Singapore, Japan, China and Argentina – to name just a few – and were delighted with what they found.

The days were a mix of talks on technical matters, some outings, for fun, but mostly just plenty of time for the developers to work on their projects. Through the week, they were invited to show what they were doing to the whole group, before, during and at the end (below). Some teams, such as Twetch, were bigger and more advanced than others, with live products already doing business. But those without a product to show were treated with equal respect and interest by the rest of the group.

Postcard from Bali - BSV developers at work

Throughout, there was a sense – no, more than that: a real intellectual understanding – that it was in everyone’s interest that all products or ideas should succeed. More transactions on the blockchain mean that BSV will be secured through its mining network being made profitable; and more transactions bring more users into the BSV world, ready to try other services. It’s a bit like how early Internet businesses were happy for other Internet startups to succeed because the more people that came online, the bigger their potential market.

Bali itself provided a delightful backdrop to the event. From the balcony next to the main room, where breakfast and lunch were served, arcane discussions about op returns and R-Puzzles took place against a wall of waving palm trees, with the sounds of exotic birds and the mopeds on the small road outside wafting up from below.

Postcard from Bali - BSV developers at work

And, yes, we did get to see a little beyond the event venue, with an outing to traditional rice terraces (above) and another to a monkey sanctuary. On those occasions we must have seemed like any other group of tourists – until you caught snatches of conversations about technical matters that continued with the samel intensity, even among the monkeys. On the last day, minibuses shipped everyone off to the coast for a party by the beach.

So what did it all add up to? Well, it was certainly a unique and memorable time. Friendships were formed and links between technical teams will lead to future cooperation. Already, there were products being adapted to incorporate each other’s services, to their mutual benefit.

But perhaps it was the reinforcing of a pioneering spirit that will be the real legacy of CambrianSV. Participants who are now already physically dispersed around the world will remember – in a visceral way which online communication can never match – that there are friends and colleagues who believe in the same vision that is powering their efforts to take BSV to the next level. If and when that happens, those few precious days in Bali could assume a legendary status.

Postcard from Bali - BSV developers at work

You can catch up on reports on each day’s events at the CambrianSV Bootcamp on its YouTube playlist.

CambrianSV Bootcamp Day 6: Logging off from Bali

The final day of the CambrianSV Bootcamp was the day that demonstrated that the whole project had been worth it. For several hours in the morning, individuals and team representatives stood up in front of the rest of the group and gave demos of the work they’d been doing in the few days they’d all spent together in Bali.

It was an impressive show (although much of the technical detail was way over the head of your correspondent). What was impressive was the way in which teams working on different products were so fully engaged by the explanations of each other’s work. And that wasn’t just because they were nice people who were being polite – though they were. It was because so many of the teams had found they were working on common, or at least overlapping, technical challenges.

At the end of the week, CambrianSV founder Jack Liu was pleased with how the event had gone – especially in terms of collaboration: “Any time [the developers] have had a chance to learn from each other, they’ve taking full advantage of it …I’ve heard combinations where two teams are already making plans to code alongside each other,” he said. 

So will the Bali event be a one-off? Or is CambrianSV defining itself as a new kind of collaborative process that’s going to push the world of BSV to the next level? Certainly the 30 developers who’d made the commitment to get themselves to Bali from all round the world expressed no regrets.  

“In various ways, the culture of Cambrian will live on,” Jack says, “and I think just to celebrate that, we’ll bring it back together as a group, as an event, a couple of times a year.”

Today Bali, tomorrow the world!

To see all our reports from the Bali Bootcamp, check out this special CoinGeek YouTube playlist where we’ll add new videos as they’re released.

CambrianSV Bootcamp Day 5: Building on BSV

The penultimate day of the Bootcamp was one of intensive work – because it was only hours before the participants would be invited to present their work in front of the rest of the group

We took the chance to meet some of the teams working on different projects and find out what they’ve been developing in Bali.

Ari Kuqi of Legally Chained has been working on a particular use of his identity management product that would enable charitable giving more directly between donors and recipients using BSV. Legally Chained itself “means that you can store your identity on chain and you can own it,” Ari says. “You can use it to generate data and legally own the data that you generate.”

Open Directory is a way of organising content on the blockchain, says Brad Jasper. It adds incentives for users, so that they can be paid for what they’re doing. The idea is to take advantage of the ability of BSV to allow micropayments. Will Kelly adds that “the user and the content creator can come to some kind of contract on the amounts that are being paid on a very small level”.

A similar idea – of monetising content for producers – is offered by Streamanity but in its case, purely for videos.’s Streamanity’s Shravan Shandilya believes that it will be possible to persuade people to make small payments for watching videos online as an alternative to the ‘free’ model offered by YouTube and others: “we are seeing a trend where people are caring about their privacy [and] they value their time. Instead of watching an ad, they would rather pay a small amount of money if they are to save some time – so they can do whatever they want”. 

In the final day’s report, for tomorrow, we’ll include some of the highlights of the teams’ presentations at the end of the Bootcamp. 

To see all our reports from the Bali Bootcamp, check out this special CoinGeek YouTube playlist where we’ll add new videos as they’re released.

CambrianSV Bootcamp Day 4: Monkey business

CambrianSV Bootcamp has been all about coding, with some intensive work by participants for a demo day at the end of the week. But the event has also demonstrated some new realities about setting up Bitcoin businesses. In the Bitcoin world, assumptions based on how tech startups have worked in the past may no longer apply.

It was fitting that this was the day which included some time off at the nearby Sacred Monkey Forest Sanctuary because the outing gave participants a chance to encounter nature in the raw – and to be reminded about how tech startups are supposed to fight each other ‘tooth and claw’, under ‘the law of the jungle’.

The monkeys didn’t hesitate to grab anything they could get their paws on from the startled geeks. Craig Porter of BitPocket lost his cigarettes to a monkey who took them half way up a tree. (The monkey eventually dropped them and Craig was pleased to recover them and lit up as soon as he was allowed to.)

Back at the Bootcamp, participants reflected on the nature of their work and their startups. Alan Borger, cofounder of Agora (‘Your homepage on the Metanet’), says he’s noticed the way in which the BSV projects represented among the group each reflect the people behind them: “you can see very much the founder through the project”. His Agora cofounder Joana Scarpelini is confident that they’re at “the right place at the right time with the right people”. 

For entrepreneur Derek Moore, the challenge for BSV startups like those at the bootcamp is to “prove to the rest of the world, the capabilities here”. Derek says that once BSV projects started by ‘the little guy’ become successful, the “big interests …have a lot of labour force to deploy in competition with us”. That would be the problem of success. Bring it on!

To see all our reports from the Bali Bootcamp, check out this special CoinGeek YouTube playlistwhere we’ll add new videos as they’re released.

CambrianSV Bootcamp Day 3: Betting on Bali — and Bitcoin

While Bali is popular with digital nomads, it’s not exactly Silicon Valley. So for Jack Liu and his CambrianSV Bootcamp team, deciding to locate their first global Bitcoin SV developer get-together there was a bit of a risk. 

As Ella Qiang, one of the organisers admitted, choosing Bali “is a kind of crazy idea” but the unpredictability is matched by the nature of the work that the Bootcamp is doing: “It’s like how people are building applications and engaging with each other — they also don’t know what to expect.” But, in relation to Bali at least, the proof is in the pudding: “everyone showed up, ” Ella says triumphantly. 

For Jack Liu, there’s a relationship between the environment around the Bootcamp and the BSV ecosystem. In a small place like this, rather than a big city, “you can give yourself space to imagine what you can build.” The nature of Bali — comparatively unspoilt and unbuilt, at least compared to cities like London or New York — is an asset that should help create the right mindset for the task in hand Jack believes: “One of the possibilities that we thought of is just to show people both the nature of this place, and then the rawness of Bitcoin also — to give people some creativity.” 

Acting on your ideas, however unlikely they may seem at first, is exactly what’s required for BSV right now, the Bootcamp organisers say. There’s a real urgency to get more transactions happening on the blockchain ahead of the halving of the block reward in May next year. The halving will reduce profitability for miners and transaction fees will be needed to compensate them instead for their work in maintaining the network. 

To spur the Bootcamp developers on, they’re being asked to work on new features this week and then present them to the group on the last day. The pressure is on!

To see all our reports from the Bali Bootcamp, check out this special CoinGeek YouTube playlist where we’ll add new videos as they’re released.

CambrianSV Bootcamp Day 2: All about BSV

Bitcoin SV is a new technology, but already there’s a body of knowledge that is potentially useful to anyone who wants to develop products on it. Brendan Lee of the Bitcoin Association has made it his business to study BSV, and at the CambrianSV Bootcamp in Bali, he’s giving a series of talks on matters of interest to developers — things like R-Puzzles, payment channels and deprecation of BIP44.

Attendance at Brendan’s talks is voluntary, with participants free to choose whether to spend time on their own work, which they’ll be invited to show the group at the end of the week. But so far, the response from Bootcamp participants has been enthusiastic, with Brendan’s sessions leading to developers from different startups comparing notes and collaborating to solve common problems.

In the afternoon of the second day of the event, Josh Petty, co-founder and CEO of Twetch gave a popular talk about the Twitter-alternative — which offers its users the chance to earn BSV for contributing content that other users like. “The upside is sort of unbounded,” Josh said. “The concept is if you can create viral content, that can be really profitable”.

CambrianSV Bootcamp continues throughout the week (with daily reports on CoinGeek). It brings together BSV developers from round the world to compare their experiences and spend some uninterrupted time creating or improving their products.

Jack Liu, of the BSV payment platform Relay, is attending, both as the event organiser and as one of the representatives of his own startup. He says he believes that the BSV ecosystem means that while startups may, to some extent, find themselves as competitors, they all also share an interest in the success of BSV — because that will drive traffic to their own products.

Keep your eye on the CoinGeek channel on YouTube for more updates on the CambrianSV Bootcamp. 

CambrianSV Bootcamp Day 1: Welcome to Bali

CambrianSV is a unique event for Bitcoin SV developers, taking place in Bali over a week. Entrepreneurs from round the world are getting together to learn about creating applications for the BSV blockchain. On the first day, they introduced themselves to each other and described their startup businesses. Later they talked to Dr. Craig Wright, the Chief Scientist, and Steve Shadders, the CTO, of nChain, the BSV development company, on a live link from London. By the end of the week, they all hope to have made significant improvements to their products, to drive more transactions on the BSV blockchain. We’ll be reporting daily from the event, so keep checking for out latest updates.

FloatSV celebrates CambrianSV week with 50% off on BSV trading pairs

Bitcoin asset exchange FloatSV has announced 50% off fees on all Bitcoin SV (BSV) trading pairs this week, in support of the upcoming BSV developer bootcamp event in Bali, Indonesia.

Float SV, which provides an exchange for trading real assets on BSV, said it was applying the fee discount as part of a campaign around the CambrianSV Bootcamp, an event that will bring together some of the world’s leading BSV developers.

The seven-day bootcamp, taking place in Bali from Aug. 30 to Sept. 5, gets talented BSV developers in the same room, sharing know-how and expertise as well as shaping the next “transformative applications” of the technology.

In a post, the FloatSV team said the discounts mark their support for the Bootcamp, and for the continued development of the BSV ecosystem.

From Aug 29th to Sep 4th (GMT+8), all BSV trading pairs, including BSV/USDT, BSV/USDK, BSV/USDC, BSV/TUSD, BSV/BTC, BCH/BSV will enjoy a 50% discount on trading fees. All fees will be rebated to your account by Sep 9th.

As part of the campaign, the exchange is also giving users the chance to vote for their favorite CambrianSV team, with rewards in BSV for the winners.

The team said, “From now to Sep 4th at midnight (GMT+8), FloatSV users can vote for your favorite CambrianSV team…Team with the highest votes will be awarded the other 50% of all BSV pairs’ trading revenue from Aug 29th to Sep 4th. Votes are weighted based on your trading volume from Aug 29th to Sep 4th – the more you trade, the heavier your vote weighs.”

The voting result will be announced at the event on September 5.

The offer comes at a time of growing developer interest in BSV worldwide, with the protocol continuing to develop to support practical commercial applications.

FloatSV is “the exchange with the most BSV trading choices anywhere in the world,” offering pairs including BSV/USDT, BSV/USDC, BSV/BTC, and BCH/BSV.

Less than a week to go before the CambrianSV Bootcamp in Bali

The CambrianSV Bootcamp in Bali is almost here! The eagerly anticipated first of its kind Proof of Work Bitcoin SV (BSV) Developers Bootcamp kicks off on August 30, and the excitement is palpable. The seven-day bootcamp will bring together some of the most talented BSV developers to learn from each other and develop the next crop of transformative decentralized applications.

Bitcoin SV has been the blockchain network of choice for developers across the world, enabling them to create applications that can scale massively to accommodate user needs. BSV developers have created applications that have challenged the titans in every other sector, from social media to identity verification.

And come August 30, these developers will gather in Bali, Indonesia, to work together and further their development. CambrianSV, organized by RelayX in partnership with Bitcoin Association, seeks to enable the developers to build the society of tomorrow, together.

CambrianSV will focus on the application layer of the Bitcoin SV stack, Ella Qiang from RelayX told CoinGeek. The best way to foster real growth is by enabling developers to build better products that can compete with the current systems, using Bitcoin SV as the backend, according to Qiang.

She added, “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Some of the teams that will participate in the bootcamp include TonicPow from the U.S., the peer-to-peer advertising platform powered by BSV; Legally Chained from the Netherlands, the onchain identity platform that enables users to verify their identities and sign documents; Agora from Italy, the homepage for the Metanet; and U.S.-based Twetch, the BSV-powered social media application.

The winner of the inaugural BSV Virtual Hackathon UptimeSV, a crowdsourced uptime monitoring and network intelligence for enterprise systems will also attend, as will RateSV from Japan, a platform that allows the flow of data between the blockchain and the real world; U.S.-based GearSV; a smart contracts platform for Bitcoin; and Open Directory, a platform that allows its users to earn by organizing the BSV blockchain.

Other teams that will attend include Metadomain from China, Bitpocket from Scotland, Bitmesh from China, Streamanity from India and Mempool from China.

The organizers aim to foster cooperation between the teams, with the ultimate goal of boosting onchain transactions. Qiang told CoinGeek, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Some of the notable speakers who will attend the bootcamp include members from the Bitcoin Association, HandCash and RelayX. Bitcoin creator Dr. Craig S. Wright will join the event via video chat.

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

Meet the participants of the CambrianSV Bootcamp in Bali

Having established itself as the only blockchain network that supports massive on-chain scaling, low transaction fees and real-time transactions, Bitcoin SV (BSV) has become a godsend for developers. These developers have continued to build on the only Bitcoin project that follows Satoshi’s vision, churning out groundbreaking applications targeting social media, network monitoring, advertising and more.

Come August 30, developers from across the world will congregate in the island of Bali, Indonesia, for the first of its kind Proof of Work BSV Developers Bootcamp. The seven-day bootcamp, organized by the Bitcoin Association and RelayX will bring together BSV developers to work together, learn from each other and interact with some of the leading minds in the industry.

RelayX’s Ella Qiang explained just what the bootcamp is and how it will benefit the attendants.

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release. It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV.

The attendants will get to collaborate with some of the brightest minds on the BSV ecosystem to create the best applications. “All participating teams should leave with a finished product that is generating on-chain transactions,” Qiang tells CoinGeek.

The latest team to confirm its attendance is the R&D team from McDonalds China. This team will join dozens of other developers whose applications span plenty of industries.

They include the teams from UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; Legally Chained, an onchain identity platform that allows users to sign documents and verify their identity; Run on Bitcoin, a token creation platform on Bitcoin; and Agora, a homepage for the Metanet.

Other teams that will attend include Twetch, the BSV-powered social media app; Streamanity, a video streaming platform; BitMesh, an emailing platform; BitPocket, a platform that incentivizes its users to perform tasks on the BSV platform; RateSV, the platform that allows the flow of data between the blockchain and the real world; and TonicPow, a P2P advertising platform powered by BSV.

The organizers of the bootcamp hope that in the seven days, the developers will get to learn from each other and build applications that can make the BSV ecosystem better. Qiang explained, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

The bootcamp will be graced by some leading minds including mentors from the Bitcoin Association, HandCash, RelayX and nChain. Brendan Lee from the Bitcoin Association, Jack Liu from RelayX and Alex Agut from HandCash are among those that have confirmed attendance. Bitcoin’s creators Dr. Craig S. Wright will join via video chat, as will nChain CTO Steve Shadders.

The attendants will also get to participate as speakers, Qiang revealed adding, “We believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

CambrianSV Bootcamp in Bali accelerates product building with BSV

Build the society of tomorrow. Together.

That is the promise of the upcoming CambrianSV Developer Bootcamp, a seven-day gathering in Bali, Indonesia, from August 30 to September 5. With Bitcoin SV (BSV) offering unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation in the Bitcoin society—tools and infrastructures are being built and developers are continuously releasing new applications enabled by BSV.

To help boost this explosion of creativity and innovation, the people behind the RelayX superwallet have teamed up with Bitcoin Association to bring forward “a totally different approach to building a product.”

In an interview with CoinGeek, Ella Qiang of RelayX explained what sets the bootcamp from the rest—aside from it being the first of its kind Proof of Work BSV Developer Bootcamp.

“CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release,” she said. “It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV. Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend.

CambrianSV’s goal, Qiang notes, is to be “a strong catalyst to boost onchain transactions,” with its alumni joining the “top players providing cool products for the real-time economy.” Check out who’s participating in the seven-day bootcamp here.

“Our participants have expressed their goals to learn from the workshops, their peers to gain a deeper understanding of the Bitcoin technical stack as well as exploring innovative business models,” she said. “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Check out the official website to learn more about the upcoming CambrianSV BSV Developer Bootcamp.