Jimmy Nguyen: Bitcoin SV has introduced new business models

Bitcoin SV (BSV) has continued to surpass its peers and establish itself as the superior blockchain network. One of the reasons many have abandoned other blockchain projects for BSV is because it has introduced new business models. BSV’s low fees and massive scalability has enabled developers to create solutions and applications that open up new opportunities not available elsewhere. During the CoinGeek Seoul Conference, Jimmy Nguyen noted all these points, and revealed some of these new business models that BSV has introduced.

In his presentation, the Founding President of the Bitcoin Association looked at how the extremely low fees in BSV have enabled an ‘Earn and Use’ ecosystem, different from the ‘Buy and Hodl’ ecosystem present in other crypto projects. The low fees enable BSV users to make microtransactions which consequently introduces new business models that were previously not possible.

With BSV micropayments, users can reimagine the existing business models and create new ones that would attract more users. For instance, digital newspapers can change the monthly subscription model to one where the user pays per article or blog post. In online videos, users can pay per minute watched as opposed to paying for the whole video. For the gamers, they can pay for in-game features and items using BSV instead of the tokens that are currently in use. In social media, getting likes could translate to micropayments. The opportunities are endless.

There have been plenty of applications that have been developed to capitalize on the new business models introduced by BSV. For social media, Twetch has been a standout, with its platform allowing you to earn whenever other users share or like your content. This is in contrast to the current social media platforms which generate billions of dollars from your content through advertising.

For video streaming, Streamanity is introducing a new business model where content creators get paid in BSV for their content. The creators can offer just a few seconds of the video for free beyond which one must pay to watch. And since BSV supports microtransactions, you can pay by the second.

For file storage, Bitcoin Files allows its users to upload their content on the BSV blockchain for a fee. However, you can grant access to your files to other people who have to pay you in BSV.

In real estate, Zwesipace is capitalizing on BSV to not only improve title registries, but also to detect earthquakes using IoT devices. TonicPow, the runner up in the inaugural BSV Virtual Hackathon, is using BSV to introduce new business models in the advertising space, while WeatherSV allows users to create new business models by having reliable weather data recorded on the BSV blockchain.

Nguyen concluded, “So, the lesson of all this is that BSV, because of its really large blocks and its super massive scaling capacity, it enables the users to do lots of transactions for a very tiny fee and that means that its data ledger can be used for all types of business applications.”

Earn BSV by onboarding new users to RelayX superwallet

The RelayX superwallet allows users to send and receive funds instantly, at low cost, across payment platforms. Now, users can earn BSV from referring and onboarding new users, the latest offer of its kind to encourage greater uptake of the service.

With a dedicated share link, users can refer others to RelayX superwallet to benefit from the flexibility of cross-platform payments, while earning a $0.01 referral fee in BSV for their trouble.

A service that many in the BSV community already rely on for sending and receiving funds across payment platforms, the incentive will help further encourage adoption, with the aim of ensuring more people use the RelayX service.

Describing itself as “the new standard in open payments,” RelayX allows businesses and individuals to send and receive money from “anyone, anywhere, across any platform.”

The peer-to-peer settlement solution makes it easy to top up and withdraw from the wallet, with instant payments on both the send and receive side giving users full control over their funds.

Pitched as the most interoperable solution of its kind, the RelayX superwallet comes in at just a 1% fee, making it low cost for users compared to other similar payment systems.

The referral allows users to earn on every transaction, with the flexibility to withdraw or spend earnings from onboard new users to the wallet. It comes as the latest innovation in the BSV ecosystem, where development activity is at an all-time high.

Developers worldwide are increasingly relying on the BSV blockchain for microtransactions, taking advantage of rapid settlement and low transaction costs to increase the efficiency of payments.

With its cross-platform dimension, the RelayX wallet takes this to the next level, all powered by BSV technology. At a time of increasing interest among users for BSV and BSV services, the app and its commission structure presents a new opportunity for those looking to earn BSV while helping grow the wider bitcoin ecosystem.

The referral functionality is expected to soon be native to the RelayX app, in partnership with BSV offers platform TonicPow. 

TonicPow talks changing the advertising industry with BSV

The Bitcoin SV Virtual Hackathon has proven to be the ultimate event where some of the brightest minds congregate and share their inventions on the Bitcoin SV (BSV) blockchain. The solutions that have been presented have been mind-blowing, showing the power that BSV’s massive scaling unlocks.

TonicPow is one of the most revolutionary projects that have graced the event, and in an interview with CoinGeek’s Becky Liggero during the CoinGeek Toronto conference, the TonicPow team explained their product and why they decided to build on the only Bitcoin project that upholds Satoshi’s vision.

TonicPow is a peer to peer advertising system that allows website owners and advertisers to place their ads directly with each other without any friction and without leaving the website. With just a couple of clicks, you can place an ad in seconds, the team explained.

The team members — Luke Rohenaz, Attila Aros and Austin Rappaport — also discussed their experience working in an intensely competitive environment during the Hackathon. Their secret? Realizing what each brought to the table and working to integrate each member’s contributions.

“It was our first time working together, but we soon realized that we each brought something valuable to the table. It was a pleasure to divide the work and figure out what we were going to do in the first 24 hours. It was also great fun to interact with the other teams and see what they were doing. […] We came together as a really good team and we’re definitely going to keep working on this because we work so well together,” the team said.

Unknown to many, the three weren’t always a team. While two of the members had worked together previously on a non-blockchain project, it was only after the first BSV Hackathon was announced that they decided to join forces and develop TonicPow.

TonicPow won second place in the inaugural BSV Virtual Hackathon, walking away with 100 BSV. But to the three team members, their project means much more. To them, building solutions on the only Bitcoin project that supports massive scaling is what’s important.

So, why Bitcoin SV and not any other blockchain project?

There’s a lot of competition for that role, but it’s simply the best tool for the job. It’s what everybody is going to be using for everything, and if you’re to put your effort and energy into anything else, you’d just be wasting your time.

Hackathon winners feted at the CoinGeek Toronto 2019 conference

The first-ever Bitcoin Association Bitcoin SV (BSV) hackathon was initially announced in the middle of March, prepared to reward 400 BSV to the top three finalists. The project was designed to “inspire the next generation” of developers, with a completely virtual competition taking place May 4-5. The contest was tied into the recent CoinGeek Toronto 2019 conference, which took place at the end of May, where the three winners were announced and the results show how diverse and creative BSV developers are, and how interested they are in bringing real-world use cases to the platform.

There were some incredible projects presented for the hackathon, but not everyone can win. At the end of the CoinGeek Toronto’s main conference day, the top projects were announced, with Polyglot taking third place and 50 BSV, TonicPow taking second and 100 BSV, and UptimeSV being awarded top honors and 250 BSV. At the time of the conference, the prize pool would have been worth around $82,400, but BSV’s continued climb in price would now yield about $85,200. The competition is already proving to provide additional rewards on top of the prize money.

Thirty six projects involving over 200 developers were submitted for the contest. Polyglot is a system designed to be an intuitive method for different Metanet protocols to interact through Python and allows for a simpler method for developers to get involved with BSV. TonicPow allows users to monetize their sites using the platform’s peer-to-peer advertising solution, while earning BSV directly from advertisers. It has the added benefit of being simple, requiring the installation of just a single line of code in a website in order to function.

UptimeSV was developed to help protect the Internet. It provides distributed performance and uptime monitoring for dedicated denial of service (DDoS) enterprise systems to thwart attacks and is powered by BSV. Anyone is able to earn BSV by installing the app and participating in uptime tests for clients. Given the ease with which DDoS attacks can be promulgated, and the number of sites that have fallen victim to the attacks over the years, UptimeSV has the potential to ensure better security and uptime than other solutions.







第三名,奖金 50BSV——PolyGlot


UptimeSV:为稳健的、DDoS强化的企业系统提供分布式性能和运行时间监控,而该等系统当然是由比特币SV提供支持,得益于此,任何人均可通过安装应用程序并获得报酬参与平台客户端的正常运行时间测试,从而赚取BSV。UptimeSV是由一个名为Demonstrandium的澳大利亚团队开发,该队的队长为Dean Little,成员包括Brent Bevear和Jye Turner。

TonicPow:一个点对点的广告平台。其允许用户通过他们的网站获利,并直接从广告商那里赚取比特币SV,与此同时,广告商亦可轻松地进行产品推广,或通过众筹“Tonics”的方式筹集资金。TonicPow是由一个加拿大团队开发,该队队长为Attila Aros,成员包括Luke Rohenaz和Austin Rappaport。

Polyglot:旨在设计成为比特币SV最直观的方式,通过python与无数Metanet协议进行交互,从而为新开发人员进入比特币SV扫清障碍,堪称天作之合。Polyglot是由新西兰开发人员Hayden Joshua Donnelly(其使用的用户名为“AustEcon”)开发。





Winners announced of 1st Bitcoin SV Developers Hackathon

Link for Chinese version.

Toronto, Canada – Bitcoin Association, the leading global organization for Bitcoin business, announced the winners of the first ever Bitcoin SV (BSV) Hackathon. The final phase of competition, involving the top 3 finalists, was held last week in Toronto at the CoinGeek Conference. The expert panel of judges, along with a live vote from almost 400 audience members determined winning projects as follows:

1st place with a prize of 250 BSV – UptimeSV
2nd place with a prize of 100 BSV – TonicPow
3rd Place with a prize of 50 BSV- PolyGlot

[Given the significant recent increase in BSV price, as of June 4, the prize pool is now worth $90,000].

UptimeSV: Provides distributed performance and uptime monitoring for robust, DDoS-hardened enterprise systems that is, of course, powered by Bitcoin SV and enables anyone to earn BSV by installing an app and getting paid to participate in uptime tests for clients of the platform. UptimeSV was developed by an Australia-based team who go by the name of Demonstrandium led by Dean Little (captain) with Brent Bevear, and Jye Turner.

TonicPow: A peer to peer advertising platform enabling users to monetize their site and earn Bitcoin SV directly from advertisers who can also promote their product with ease or raise money with crowd funding “Tonics.” TonicPow was developed by a Canada-based team of Attila Aros (captain), Luke Rohenaz, and Austin Rappaport. 

Polyglot: is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of metanet protocols through python, thus smoothing to entry path for new developers to Bitcoin SV - it’s a match made in heaven. Polyglot was developed by a New Zealand-based developer is Hayden Joshua Donnelly, operating under username “AustEcon.”

These projects demonstrate the diverse array of enterprise applications that can be built on the BSV blockchain. The finalists were selected after a virtual competition held in early May, with 216 participants globally (competing as teams or individually). Their challenge was to develop a solution for BSV on-boarding issues, extending beyond on-boarding new users to the challenge of also on-boarding new developers to BSV.

But, naturally, the world keeps turning and the very word ‘developer’ means the momentum must never stop; so we would like to invite even more of you to CoinGeek Seoul, in the first week of October to find more solutions and create yet more business-friendly additions to the BSV blockchain. The only blockchain that can do it all and scales, now.

ABOUT BITCOIN ASSOCIATION: Bitcoin Association is the leading global organization for Bitcoin business. It brings together merchants, exchanges, application developers, enterprises, miners and others in the Bitcoin ecosystem to advance the business of Bitcoin. Bitcoin Association supports Bitcoin SV (BSV) as the original Bitcoin, with a stable protocol and scaling roadmap to become the world’s new money and global public blockchain for enterprise.

The Bitcoin Vision: Episode 14

The Bitcoin Vision: Episode 14

Founding President of the Bitcoin Association Jimmy Nguyen is back this week for another update on technical developments in the Bitcoin SV ecosystem. Bitcoin SV is rebirth of the original Bitcoin, finally unlocking the true power of Bitcoin’s original design, protocol, and Satoshi Vision.

As always, there’s been more rapid growth in the ecosystem. This week is still all about growth as Nguyen looks at existing companies applications that are expanding their business or services on BSV, including UNISOT, WeatherSV, and RelayX and Relay One.

Norwegian company UNISOT recently secured some investors in its seed round, including tech entrepreneur and founder of Ayre Media, Calvin Ayre. UNISOT is building a supply chain management solution on the Bitcoin SV blockchain. This solution leverages Bitcoin blockchain’s ability to act as the Universal Source of Truth, and BSV’s massive scaling capacity to support enterprise-level activity.

UNISOT plans to use digital tokens and a smart contract system with a BSV-based token as they deliver improved Enterprise Resource Planning (ERP) systems, with the addition of security and use of tokenization that BSV blockchain technology offers. Read more about UNISOT and its recent funding round here.

Meanwhile, the team behind Weather SV has also made a couple of announcements. First, in celebration of the almost 250 active weather channels, WeatherSV has committed to one year’s worth of channel funding, based on current fees, with each new activation.

Second, WeatherSV has also enabled a JSON API endpoint that is accessible from the blockchain. With this feature, users can now access the weather channel data from on-chain resources. Check it out here.

Jack Liu also relayed more good news for the Bitcoin SV ecosystem. The RelayX “Super Wallet” founder has announced Relay One, a simple button that allows online e-commerce, platforms and independent sites to accept payments from any local payment form that has been integrated in the Relay blockchain settlement network.

Jack explained in a Medium post how “The One button can easily be plugged into any website and appears just like any other payment method.” At launch, Relay will support payment forms including Bitcoin SV as well as WeChat Pay, and Alipay. Stay tuned because Relay will be opening private testing soon for interested merchants.

This week’s Satoshi shout-out goes out to the three finalists of the first ever Bitcoin SV Hackathon. Over 200 developers from 19 countries joined Bitcoin Association’s first ever virtual hackathon on BSV, and because the quality of the entries was so high, the judges named 14, rather than the originally expected 10, semi-finalists. From there, the entries were narrowed to the top 3: TonicPow, UptimeSV, and Polyglot.

Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of Metanet protocols through Python, while TonicPow enables peer to peer advertisements, allowing users to monetize their sites and earn BSV directly from advertisers, and UptimeSV is a distributed performance & uptime monitoring for robust, DDoS-hardened enterprise systems.

Watch The Bitcoin Vision: Episode 14.

While you’re at it, also check out the previous episodes of The Bitcoin Vision here.


TonicPow evolves website advertising models as BSV Hackathon finalist

Three individuals, Attila Aros, Luke Rohenaz and Austin Rappaport, saw the potential for huge, disruptive change in Bitcoin SV (BSV). Thanks to the first ever BSV Hackathon, they are now a team with an application, with all-expenses paid tickets to attend the CoinGeek Toronto scaling conference as competition finalists.

The TonicPow team joins Polygot and UptimeSV as the three finalists of the Bitcoin Association’s first ever BSV Hackathon. They got there by beating out over 200 entrants from 19 countries, and faced stiff, but friendly competition.

The three team members came to Bitcoin in very different ways. Aros always knew there was potential in it, and wants to achieve things with programmable money that haven’t been possible before. “My dream has been to build a profitable business that increases Bitcoin adoption,” he said. “I’ve learned recently that Bitcoin has more than everything needed for massive scale and the potential is limited by only my imagination.”

Rohenaz (a.k.a Satchmo) fell in love with Bitcoin early, but was unimpressed with its constrained block sizes. That changed when Bitcoin was finally allowed to start scaling again. “I had a lot of ideas, but the network wouldn’t allow for the things I had in mind at that time,” he explained. “It wasn’t until after the first fork that I really dove into building on Bitcoin. A lot has changed since then, and BSV is now in a place where those crazy Ideas are beginning to come to life. It’s amazing to finally see it happening and I’m happy to be a part of it.”

Rappaport (a.k.a. MrZ) wasn’t impressed at all by Bitcoin originally, but then he realized that Bitcoin wasn’t the problem. “After lots of research I realized that I wasn’t a fan of Bitcoin Core,” he explained. “In the past months since the necessary BSV fork, there’s been a plethora of development in Bitcoin, more than many other chains. My personal mission is to help people in poverty create and own value easily using the rudimentary tools they already have.”

They weren’t a team before the Hackathon was announced. Rappaport and Rohenaz were on the same engineering team, and Aros had collaborated with Rohenaz on a few projects. When the competition was announced, they agreed to form a team of three and start planning TonicPow.

TonicPow disrupts internet advertising in a way that was previously impossible, but is quite easy to understand. “TonicPow is a peer to peer advertising platform that allows you to earn Bitcoin with your website,” Aros explains. “A website owner reserves a spot on their website by embedding a line of code. Advertisers can then pay to book a spot to display an ad to promote their product or service.”

This provides an easy to use service for advertisers, a profit stream of websites, and achieves the onboarding goal of the hackathon by making BSV implementation easier for website developers. “Our ultimate goal is to create a better advertising network that is more open, transparent and profitable than the legacy advertising systems,” said Aros.

These Tonics are easily implemented, and an easy pitch as well. Aros offered the following pitch:

“Earn Bitcoin (SV) directly with your website. Embed one line of code into your website and allow advertisers to promote their product or service in exchange for paying you in Bitcoin.

“With TonicPow, a website owner can get started in a couple of minutes and start receiving Bitcoin payments immediately.”

They weren’t the only finalist though, and they were impressed by the work of many other projects in the competition. “We were excited to see MetaVibe,” the team said. “It is similar to a concept we had talked about when developing MAP protocol, so it was really cool to see that one and they did a great job with it. “

They were also excited to see UptimeSV, the crowd computing application. “It provides a simple and powerful way for people to earn Bitcoin by contributing their computer’s network resources,” they explained.

This isn’t the only project the team is working on. They’ve also got BitIndex, a Bitcoin Blockchain API for developers, progressing nicely. “I originally designed it for myself to have a reliable and scalable API for my other applications,” Aros said. “It turns out that many application developers are using it to power their Bitcoin SV applications. It includes features like a full REST Insight API, Javascript SDK, and also payment notifications.”

The team also has the All Aboard BSV onboarding site. “Developers can create private Bitcoin “faucets”, which are pools of funds that can be tapped to write transactions on behalf of the user,” he explained. “The user doesn’t even need to know they are using Bitcoin. MetaLens was created as a demo to showcase the power of the faucet API. Users can interact with Metalens for free because it is backed by a faucet.”

The team doesn’t plan to waste their finalist prize; whatever they win, it will be re-invested quickly. “We have an aggressive roadmap and this helps us bootstrap the next phase of the roadmap,” Aros said. “The old advertising model is ready for disruption and we are working towards our vision to make it a reality.”

They’ll find out what the finalist judges think of their work at the CoinGeek Toronto scaling conference, held at the Carlu in Toronto between May 29 and 30. Registering will get you into the crowd that helps decide the hackathon grand prize, and you’ll also get to attend a historic Fireside chat with Bitcoin Association Founding President Jimmy Nguyen and Satoshi Nakamoto himself, Dr. Craig Wright.