Topic: BSV Bitcoin Satoshi Vision Metanet Understanding the technological & the future - page 2. (Read 1157 times)
May 23, 2019, 05:48:24 AM
Bitcoin SV breaks the block size of 1 GB in testnet!
For Bitcoin to have any chance of replacing existing payment options, it must evolve to the point where it can handle as many transactions as the number offered by these methods. Bitcoin SV (BSV) proves that it is capable of this massive scaling. The nChain BSV Node Team, with the help of the Satoshi Shotgun team, shows on the Bitcoin SV Scaling Test Network (STN) that they can now reach 1.42 GB blocks.
The team performed the tests on May 21 and planned to test larger blocks in 200 MB increments, until they reached 1 GB or a natural limit in the software. These increased block size tests were made possible by the recent upgrade of BSV 0.2.0, which now allows block sizes of up to 10 GB on the test network.
They quickly realized the desired success, surpassing previous records and operating a total of five blocks of more than 1 GB, two of which were at 1.42 GB. They encountered two minor problems, block explorers encountering degraded services and bandwidth restrictions in China affecting a node, but they did not pose any major problems. Brad Kristensen, head of TNC operations, wrote that they had ended the test because "both the Stresstestest team and the nChain team needed some sleep".
The discovery of these two problems was a productive step. As Kristensen notes, the reason for testing larger blocks was to "identify these breakpoints well in advance", so that they could be resolved before the main network took larger blocks.
The largest block processed 359,793 transactions, which is quite an achievement compared to the limited capacity of Bitcoin Core (BTC). Kristensen notes in the test plan that the number of transactions is more of a constraint than the size of the blocks, and that this test was a way to help analyze this.
These new 1GB + block sizes are rightly celebrated in the BSV community. Dr. Craig Wright, the man behind the pseudonym Satoshi Nakamoto and creator of the Bitcoin white paper, said about the news:
"When I started developing Bitcoin, the existing Visa network could handle 15 million Internet purchases per day. It is now close to 25 million per day, but with the results of my team, we have shown that Bitcoin could soon exceed this level. With Moore's law, Bitcoin is now able to adapt faster than Visa or MasterCard combined. ”
The founding president of the Bitcoin Association, Jimmy Nguyen, also had a say in the test. "Big blocks, big companies," he began, focusing on the ultimate goal of larger blocks. "With these impressive test results, Bitcoin SV continues its massive evolution into the global enterprise blockchain - just as the creator of Bitcoin, Craig S. Wright ( Satoshi Nakamoto) has always wanted."
Noting how other so-called Bitcoin developers, such as the BTC team, had gotten lost, Nguyen said: "The other projects claiming the Bitcoin coat have abandoned this vision, but we are building the original Bitcoin every day on Bitcoin SV."
The developers behind BSV also have a lot to say about this recent success. Daniel Connoly, BSV's lead developer, wrote: "These achievements show that we are on the right track with our improvements in node implementation, but more importantly, they show that Bitcoin, as originally designed, is evolving.
Steve Shadders, BSV's Technical Director, wanted to celebrate the team's successes and their significance for Bitcoin's future. "I congratulate the SV Bitcoin team for exceeding expectations once again," he began. "For me, the most interesting measure captured in this test is the bulk transaction costs. For the first time in our history, we have seen a blocking of transaction fees collected that exceeds the reward for the blocking. This means that Bitcoin is finally becoming the Bitcoin that Satoshi envisioned, guided and motivated by transaction costs. We are entering a new paradigm, not only with the advent of data use cases, but also in the behaviour of minors that generates costs. ”
Finally, Kristensen thanked the efforts of the SV Node team, who made this possible thanks to their hard work and professionalism. "Steve, Daniel and the rest of the SV Node team have made commendable efforts. Their work is world-class. The quality control and rigorous testing of their code are highlighted in the results obtained today," he wrote. "Part of version 0.2.0 to make this possible included a hard range on the STN channel, which passed without a hitch or a "lost" transaction."
This massive news is yet another testament to BSV's ability to evolve the blockchain and realize a new vision of money and world data. If you are interested in participating in the celebration, the CoinGeek Toronto Resizing Conference begins in less than a week at the Carlu in Toronto. If you haven't already done so, register now to discover other exciting activities in the world of Bitcoin and perhaps meet some of the people who have made this success possible.
Source : https://bitcoinsv.io/2019/05/22/new-record-block-on-stn-stress-test/ and https://coingeek.com/bitcoin-sv-shatters-1gb-block-size-in-testnet/
May 22, 2019, 08:13:07 AM
BSV Node New Update
The Bitcoin SV Node team released version 0.2.0 of the Bitcoin SV Node implementation today. This update to the software continues the Bitcoin SV focus on massive scaling, delivering a new API to support mining massive blocks and including support for the Quasar Bitcoin SV protocol upgrade that is scheduled for July 24th 2019. The Quasar Bitcoin SV protocol upgrade will increase the maximum acceptable block size from 128MB to 2GB.
The release has been managed using the team’s enterprise-class development, release, and quality assurance processes, providing additional assurance on the quality of the software delivered.
The new mining API is a big step forwards towards mining massive blocks on the Bitcoin SV network. This API is based on the work of Andrew Stone and Johan van der Hoeven and was subsequently collaboratively updated by nChain with input from mining professionals. The API removes the impact of the size of the block on mining operations, providing a fixed size header to the mining equipment regardless of block size. The design also removes the need for wallet capabilities to be included in the Bitcoin SV node implementation, which will enable significant performance improvements. This API will form the foundation of future improvements to the mining functions of the Bitcoin SV Node implementation while maintaining a stable API which miners can integrate into their systems.
Changes of note include:
new mining API
support for Quasar upgrade
change of the license to Open BSV license
default maximum OP_RETURN size to 100kb
default transaction relay delay to 150ms
upgrade to C++17
removal of support for 32-bit and ARM architectures
cleanup of defunct code – magnetic upgrade activation, ABC forced obsolescence
Source code is available on the bitcoin-sv github https://github.com/bitcoin-sv/bitcoin-sv and the signed binaries are available on https://download.bitcoinsv.io/
Source: https://bitcoinsv.io/2019/05/20/bitcoin-sv-node-v0-2-0-released/
May 22, 2019, 06:59:46 AM
Dr. Craig Wright and Jimmy Nguyen discuss Bitcoin whitepaper copyright source from https://coingeek.com/dr-craig-wright-and-jimmy-nguyen-discuss-bitcoin-whitepaper-copyright/
The United States Copyright Office has issued Dr. Craig Steven Wright a the copyright registration for the original Bitcoin whitepaper, which Dr. Wright originally posted online in 2008 under the pseudonym Satoshi Nakamoto.
The copyright registration was issued after the examiner at the U.S. Copyright Office was aware that the Bitcoin white paper was a “famous work” with questions about who was Satoshi Nakamoto, and only after Dr. Wright confirmed he was author of the seminal paper which started the Bitcoin revolution.
In addition to the original Bitcoin whitepaper, the U.S. Copyright Office also issued Dr. Wright a copyright registration for most of the original Bitcoin code (version 0.1 of the Bitcoin client software) which he authored.
The U.S. copyright registration certificates are:
• U.S. copyright registration no. TXu 2-136-996, effective date April 11, 2019, for the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with year of completion 2008. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto.
• U.S. copyright registration no. TX-8-708-058, effective date April 13, 2019, for computer program entitled Bitcoin, with year of completion 2009 and date of first publication January 3, 2009. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto. Wright wrote most of version 0.1 of the Bitcoin client software, and the registration covers the portions he authored.
After being involuntarily “outed” as Satoshi Nakamoto by certain media publications, Wright first come out as the creator of Bitcoin in 2016, and provided proof to several people, including Gavin Anderson former lead developer of the Bitcoin project. However, supporters of the Bitcoin Core (BTC) developer group, which had commandeered the Bitcoin project, led a successful smear campaign against Dr. Wright.
The group had hindered the original vision of Bitcoin by stifling scaling attempts and creating Layer 2 settlement networks, namely the Lighting Network, which take transactions off chain and away from what Bitcoin was meant to be. In 2017, they added the definitive fatal blow – Segregated Witness – to the Bitcoin protocol and forever changed Bitcoin from its core definition as a chain of digital signatures.
What pushed Wright to lift the Satoshi Nakamoto veil for good and now take efforts to defend his original vision for Bitcoin? It was a combination of events. First, there was the bastardization of BTC introduced by SegWit, changing Bitcoin into what BTC is today (SegWit Coin or Core Coin). Wright then chose to support Bitcoin Cash (BCH) which forked away from BTC in August 2017, with the supposed mission to restore Bitcoin’s original vision. However, after attempting to work with BCH development group Bitcoin ABC for over a year, it became clear in 2018 to Dr. Wright that BCH development groups were also deviating from the original Bitcoin protocol – by introducing significant protocol changes not included in the original design and by pursuing massive scaling as quickly as needed.
Having seen his creation bastardized not once but twice, Dr. Wright has acted to preserve his original Satoshi Vision for Bitcoin. He explains, “When I wrote the Bitcoin white paper, I uploaded it on the bitcoin.org domain so that people would start understanding bitcoin. I’ve come to understand that few people if any of taken the time to understand what is written in this paper so I have formally published it and registered it with the U.S. Copyright Office so that I can confirm my authorship and copyright ownership, and start teaching people the true meaning of what Bitcoin is about and stop people twisting the narrative.”
That twisted narrative lead to criminals, like drug dealers and money launders, to become the face of Bitcoin. The accountability and traceability that the Bitcoin blockchain provides was left on the back burner, and it was marketed to the worst elements of society. Wright could not stand for that.
“The last thing that I said to Gavin Anderson in 2011 when I handed him the control of the code was that “I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle,” Dr. Wright recalls. “Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.”
Now that Wright has legally claimed copyright ownership of the Bitcoin white paper and most of the early Bitcoin code, he’s working to ensure his creation will regain the original mission it was meant to have. “Bitcoin was designed to be honest and not another criminal coin,” he said. “It’s time for people to learn that and see that I’m (as Satoshi) not just some shady figure because I didn’t want publicity”
In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem. Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software. Founding President Jimmy Nguyen comments:
“We are thrilled to see Craig Wright recognized as author of the landmark Bitcoin white paper and early code. Better than anyone else, Craig understands that Bitcoin was created be a massively scaled blockchain to power the world’s electronic cash for billions of people to use, and be the global data ledger for the biggest enterprise applications. We look forward to working with Craig and others to ensure his original vision is recognized as Bitcoin and is realized through BSV.”
Since the announcement Tuesday, the trolls have come out in full force, albeit in much smaller numbers than in the past. They’re trying to downplay, disparage and dismiss Dr. Wright and the US Copyright office suggesting this is “just another scam.”
The mental gymnastics these people are doing could compete with Simone Biles, but Dr. Wright has a final word on the trolls, “Importantly, if this was not real, it means I would face 20 years. If a single person could discredit me, I get an orange suit. The issue is they cannot.”
Wright has good support and wise advice by his side. His colleague Nguyen, former CEO of nChain, was a highly-regarded intellectual property and digital technology lawyer in the United States for 21 years, and is former Chair of the State Bar of California’s Intellectual Property Law Section. Commenting on public reaction to the copyright registrations, Nguyen says: “It’s amusing to watch the online trolls and critics freak out about Craig’s copyright registrations. If the registrations don’t mean anything, what are people afraid of?”
Nguyen instead focuses on the legal impact of the registrations: “Under global copyright law, Craig always held copyright ownership of the Bitcoin white paper and Bitcoin code authored since the moment he created those works and fixed them into a tangible medium of expression. Most countries do not require registration of works. But in certain countries, like the United States, an author receives additional benefits by obtaining copyright registration for his works. In this situation, what is exceptionally notable is that the U.S. Copyright Office did not rubber-stamp Craig’s copyright applications. The U.S. Copyright examiner responded far more quickly to the copyright applications than is normal – within three business days (which is extremely unusual and extremely fast) – and asked questions about applications, including recognizing that the Bitcoin white paper was a famous work and noting there were questions about who is Satoshi Nakamoto. The U.S. Copyright Office only issued the copyright registrations after Craig responded and confirmed his authorship. Contrary to what the naysayers are suggesting, the U.S. copyright registrations do carry legal weight and we look forward to working with Craig to ensure his original vision is recognized as Bitcoin and is realized through BSV.”
Dr. Wright will be attending the upcoming CoinGeek Toronto scaling conference, and will feature prominently in a Fireside chat with Jimmy Nguyen. The conversation is bound to have plenty of revelations about the early history of Bitcoin, so it will be well worth attending.
May 21, 2019, 04:05:37 PM
Bitcoin SV price soars on Craig Wright’s Bitcoin copyright approval !?
The sudden announcement that Dr. Craig Wright has received the copyright for the original Bitcoin whitepaper has already had stunning affects. The market, now starting to recognize that Wright is indeed Satoshi Nakamoto, has responded quickly and Bitcoin SV (BSV) has skyrocketed in price.
According to CoinGecko, BSV more than doubled in price, jumping from $61.80 to $125.41 in the hour after the news was made public. On Bitfinex, it climbed as high as $136 before leveling off, now floating between $112 and $125.
The May 21 revelation that Wright has gained the Copyright, not just for the Bitcoin whitepaper, but the original Bitcoin code as well, helps solidify what he’s been trying to tell everyone for years: he created Bitcoin.
Not only that, but it now gives him more credibility in the public eye when he advocates for the original vision for the digital currency, as a scalable and stable protocol that can grow to be the world’s new money, and provide utility as the world’s new data network. It’s been reborn to do that as BSV.
This jump in price could still be just a fraction of what’s possible. Binance and Kraken no longer offer BSV trading pairs, and users who exclusively use those exchanges who want to get in on this new surge of optimism for the real Bitcoin will need to shift their funds before they can trade for the currency. That may take some time, possibly allowing BSV to see another sudden rise in price once they can get their funds in place.
The sudden increase in price will be a welcome sight for early BSV adopters, but they know this is just a happy side effect of their investment. The real plan for BSV is to continue scaling the blockchain massively, with an increase in block size coming in July, allowing for greater use by businesses and enterprises. Those companies, looking for a block size that is ready for real world, practical uses, have the utility, and stability of BSV as their best and only option for real world applications.
As more court cases get settled in Wright’s favor, and the real decision makers of the world recognize what he’s built in his vision for Bitcoin, expect BSV to continue to soar.
That may happen once again after Wright sits down for a Fireside chat with Bitcoin Association Founding President Jimmy Nguyen. The two will chat at the CoinGeek Toronto scaling conference later this month. It’s a must attend event, as the two are expected to discuss the history of Bitcoin, and many revelations may be made.
May 21, 2019, 12:45:28 PM
LONDON, May 20, 2019 /PRNewswire/ -- Block reward halvings will, by Bitcoin's design, occur about every 4 years. The BTC chain abandoned on-chain scaling and thus will never fit high transaction volumes into a block, and thus miners will never earn large amounts of transaction fees from a block. Given those dynamics, Wright wanted to demonstrate how upcoming block reward halvings would impact the economics of the BTC chain and revenue to BTC miners. The results show, in black and white, the lack of sustainability of BTC over the long haul.
https://s.yimg.com/ny/api/res/1.2/EjplKAHXWKA_vZ_ISiYcPw--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAw/http://globalfinance.zenfs.com/en_us/Finance/US_AFTP_PRNEWSWIRE_LIVE/CoinGeek_The_Mathematical_Reality_of-de4f707434afa8a13fbe90cc5d294007
Consider the fact that the BTC block reward is scheduled to halve to 6.25 coins in 2020, halve again to 3.125 coins in 2024 and to just over 1.5 coins by 2028. HODLer dogma says BTC miners will continue to expend their time, energy and cash because the value of each individual coin will skyrocket over the next nine years.
States Wright, "Bitcoin (now back in the form of BSV) will see its block reward halve next year, just as Corecoin (BTC). Let's investigate the premise of constant increasing of Bitcoin's price value and see where that gets us. We'll assume the constant call for BTC to reach a value of USD $100,000 USD. Except I'm going to be realistic and do calculations based upon BTC going up in value incrementally in real terms, rather than just magically jumping up to higher amounts. The reality is that BTC won't even get to $100,000. If you start looking at the calculations, the block reward halvings mean that the BTC chain will need $20 fees or more for every individual transaction in order for mining revenue to remain sustainable. It never becomes viable." He is able to demonstrate this easily through the maths:
Even assuming individual coin value reaches $61,440 by 2028, the actual returns from the block rewards will continue to shrink, forcing miners to make up this shortfall by increasing the amount of individual transaction fees because there will not be enough transactions in each block. But given how few transactions (at most 1,800) can be fit into a small BTC block, even having $20 transaction fees will not be enough to keep mining profitable as the block reward halves and halves again.
As Wright's insight reveals, there is a lot more going on behind the scenes of Bitcoin's design that only those with a solid grasp on economic theory and financial markets can understand—it's not difficult to assess that most crypto developers do not fit in either of these categories.
Explains Wright, "In the next 10 years, bitcoin will not replace all global money. To do that, it first of all needs to be the only form of electronic cash. It would need to replace all government systems. It won't. The reality is we could expect … by 2030 [is that Bitcoin represents] 1/3 of global money. Let's round up to 2 trillion worth of total value for bitcoin and round up the number of mined bitcoins to 20 million. That means Bitcoin must reach a value $100,000 per coin. To achieve that, bitcoin needs to be 33% of global cash."
For this to happen, the solution requires massively increasing transaction volume on the Bitcoin network, and that requires massive scaling. Terabyte blocks will be needed and this is where BTC is going to fail. BTC developers have already made it clear that bigger blocks are not in their plans and have tried to assert that they're not feasible, even though Bitcoin SV has already proven this wrong. On-chain scaling is a vital and necessary component to sustain mining profitability, and thus sustain the health of the blockchain.
With BSV's proven ability to scale, Wright can easily project a day when each block contains 3m transactions (5K per second) and transaction fees fall to as little as 0.005 of a penny. That's a level that can easily compete established payment channels, making BSV the only blockchain technology with a viable path to global success.
The above scenario would hold untold benefits for billions of individuals, particularly those in developing countries, while also offering merchants an attractive alternative to the swipe fees charged by VISA and Mastercard (in the US, around 2% of the purchase amount, despite processing costs of only 5¢ per transaction).
Scaling is just one of the many topics to be discussed at the upcoming CoinGeek Conference Toronto. The two-day event gets underway May 29 at the Carlu and promises to be an important event for anyone interested in Bitcoin and where crypto is headed. This is the first time CoinGeek has held one of its famous conferences in North America and crypto enthusiasts definitely don't want to miss this incredible opportunity.
Source: https://finance.yahoo.com/news/coingeek-mathematical-reality-future-bitcoin-144300187.html
May 21, 2019, 09:00:11 AM
CRAIG WRIGHT IS RECOGNIZED AS SATOSHI NAKAMOTO BY AMERICAN COURTS ?
Source: https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/
Bitcoin creator Craig S. Wright (Satoshi Nakamoto) granted US copyright registrations for Bitcoin white paper and code
Bitcoin SV (BSV) continues Wright’s original Bitcoin design and protocol
Craig S. Wright has been granted U.S. copyright registrations for the famed original Bitcoin white paper, and most of the original Bitcoin code (version 0.1). Importantly, the registrations issued by the U.S. Copyright Office recognize Wright as the author – under the pseudonym Satoshi Nakamoto – of both the white paper and code. This is the first government agency recognition of Craig Wright as Satoshi Nakamoto, the creator of Bitcoin. In addition to being Bitcoin’s creator, Wright is currently Chief Scientist of nChain, the global leader in advisory, research and development of blockchain technologies, which focuses on massive adoption of Bitcoin in the form of Bitcoin SV (Satoshi Vision).
The pseudonym Satoshi Nakamoto was used as author of the Bitcoin white paper, first posted online in 2008, and as author of the first Bitcoin code used in January 2009. Over the past 10 years, the true identity of Bitcoin’s creator has been the subject of intense curiosity. In late 2015 and early 2016, certain media outlets reported belief that Craig Wright is Satoshi Nakamoto, leading to significant debate since then.
Notably, when reviewing Wright’s copyright applications, the U.S. copyright examiner was aware that the Bitcoin white paper and code were each a “famous work” and there have been questions about who is associated with the pseudonym Satoshi Nakamoto. After receiving confirmation from Wright that he is Satoshi Nakamoto, the Copyright Office granted the following registrations:
• U.S. copyright registration no. TXu 2-136-996, effective date April 11, 2019, for the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with year of completion 2008. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto.
• U.S. copyright registration no. TX-8-708-058, effective date April 13, 2019, for computer program entitled Bitcoin, with year of completion 2009 and date of first publication January 3, 2009. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto. Wright wrote most of version 0.1 of the Bitcoin client software, and the registration covers the portions he authored.
Wright is now legally establishing that he is Bitcoin’s creator after being dismayed to see his original Bitcoin design bastardized by protocol developer groups – first by Bitcoin Core BTC in 2017 and then again by Bitcoin Cash [BCH] developers in 2018. Those non-Satoshi protocol changes were made by developers who disagreed about whether or how the blockchain should massively scale. Importantly, Wright notes that “bitcoin was designed to be a monetary system that works within existing legal frameworks”. This differs from the path other developer groups are trying to follow where they are creating an anonymous system along the lines of EGold and Liberty reserve. This enables bitcoin to interact with the existing global financial system rather than seeking a black-market exchange system.
Wright and nChain are working to restore Bitcoin’s original protocol, ensure that its vision for massive blockchain scaling is fulfilled in the form of Bitcoin SV, and keep BSV designed to work within existing common law frameworks as Bitcoin was created to do. BSV emerged after the world’s first Bitcoin hash war last November to ensure the Satoshi Vision of Bitcoin lives on.
In the future, Wright intends to assign the copyright registrations to Bitcoin Association to hold for the benefit of the Bitcoin ecosystem. Bitcoin Association is a global industry organization for Bitcoin businesses. It supports BSV and owns the Bitcoin SV client software. Founding President Jimmy Nguyen comments:
“We are thrilled to see Craig Wright recognized as author of the landmark Bitcoin white paper and early code. Better than anyone else, Craig understands that Bitcoin was created be a massively scaled blockchain to power the world’s electronic cash for billions of people to use, and be the global data ledger for the biggest enterprise applications. We look forward to working with Craig and others to ensure his original vision is recognized as Bitcoin and is realized through BSV.”
May 10, 2019, 08:35:58 AM
Global speaker lineup comes to CoinGeek Toronto for Bitcoin SV’s massive scaling plan and thriving ecosystem !
Toronto, Ontario – May 2, 2019 – The exciting global lineup for CoinGeek’s Toronto conference is proof of the health and vigour of the Bitcoin SV (BSV) community. CoinGeek Toronto will focus on massive scaling of Bitcoin to become the world’s new money and global enterprise blockchain. That is only possible on Bitcoin SV, the only project to follow the original design, protocol and vision of Bitcoin’s creator Satoshi Nakamoto.
Building on the success of last year’s London conference which occurred shortly after BSV emerged, Toronto will welcome new and familiar names to the stage from across the world, alongside BSV leaders such as Dr. Craig Wright of nChain and Jimmy Nguyen of Bitcoin Association.
The two-day event will have a Developers Day on May 29, with the main conference on May 30.
Among the new speakers at the event will be Kate Hiscox, founder and CEO of Vancouver-based DRIVE Markets, an institutional crypto and fiat exchange which has just announced an investment “in the multiple seven figures” from Calvin Ayre, founder of CoinGeek and a major supporter of BSV.
BSV’s entry into the world of role-playing online games and eventually e-sports will be described by two executives from Kronoverse, the U.S. game development company behind CryptoFights, which will be recording player battles to the BSV blockchain. Adam Kling, founder & CEO and David Case, chief architect, of Kronoverse will even give a tech demo of CryptoFights’ use of the BSV blockchain.
Cole Diamond is probably the speaker with the shortest distance to travel, as CEO of Coinsquare, the Toronto-based cryptocurrency trading platform. Cole will talk about the future of cryptocurrency exchanges, a timely topic given recent controversies about exchanges.
More new speakers coming from across the globe will be Boris Javier Barrera Garcia, founder and CEO of the Colombian BSV payment service Bitek.co and Lin Zheming, co-founder and CEO of Mempool, a Bitcoin mining pool in China.
The Toronto event will also feature familiar names, such as long-time and well-respected Bitcoin executive Jack Liu (formerly of the OKEx and Circle exchanges). Coming from Hong Kong, Jack will be talking about his two new ventures, FloatSV, a BSV-based exchange and RelayX, which he calls a “super-wallet” as it’s compatible with a wide range of other products. Both projects are designed to promote BSV user adoption and increase transaction volumes, playing to the strengths of BSV’s highly scalable blockchain.
From Japan, another notable Bitcoin advocate Jerry Chan, general manager at Japanese financial services powerhouse SBI Group in Tokyo, will share his ideas about the age of data and accountability using blockchain technology.
Also back by popular demand to report on progress of their businesses will be Elizabeth White of New York’s The White Company, which is moving from high-end Bitcoin retail into payment solutions; Michael Hudson from London’s Bitstocks, talking about Gravity, his new “Bitcoin banking ecosystem”; Stephan Nilsson, from Norway’s UniSOT company, which is building an ERP and supply chain management solution on the BSV blockchain; and Kristy-Leigh Minehan, CTO of Core Scientific, everyone’s favourite crypto mining expert.
They join more speakers from Australia, Slovenia, South Africa, and Spain for a truly global event.
For big ideas and some revelations, don’t miss the closing interview of the conference, when Jimmy Nguyen, chair of nChain’s Strategic Advisory Board and founding president of Bitcoin Association will explore the origins of Bitcoin with none other than its creator Dr Craig Wright, nChain’s Chief Scientist – who will discuss once and for all his creation of Bitcoin.
And of course, to celebrate, there’ll be one of Calvin Ayre’s famous after-parties – the like of which Toronto has not yet seen!
For full details and to reserve tickets to CoinGeek Toronto, register here https://coingeek.com/conferences/toronto-conference/ . See you in Canada at the end of May!
May 10, 2019, 06:49:37 AM
Establishing T&C Agreements on the Blockchain – Visions for Bitcoin from Dr Craig S Wright
Bitcoin SV, Blockchain, Clickwrap Contracts, Terms and Conditions
A clickwrap smart contract formed on the blockchain allows for the reliable exchange and immutable record of terms and conditions (T&C) in an increasingly connected digital world.
The Hassle of Terms and Conditions
The agreement to terms and conditions of using a product or service is necessary for a fair and regulated use of the good. For ease of compliance and assurance, a clickwrap contract often comes into play.
A clickwrap contract is analogous to a shrink wrap contract used in the sale of physical software and media: when you have bought a DVD and open the cover, it means you have agreed to the terms and conditions. Similarly, in agreeing to the T&C for accessing digital software, we engage in what is called a clickwrap contract.
But in the digital world, the same process can often suffer from an unreliable connection used in communicating the agreement between the client and the seller. And even if the agreement of the T&C does go through in its entirety, what remains is a level of deniability on either side – claiming that the agreed T&C would differ from a record or that the agreement had not taken place before accessing a product or service.
Ensuring Effective and Transparent Agreements
One cornerstone which contributes to an effective agreement is making sure we can hold parties accountable; in other words, we need to have the assurance that no one can deny agreed terms and conditions. Such assurance is referred to as non-repudiation, which we can achieve using Bitcoin (BSV) and nChain intellectual property:
We offer a solution that allows merchants and consumers to engage in trade such that the access to a product or service is necessarily contingent upon the agreement to the terms and conditions—and vice versa.
A custom application, as revealed by nChain’s Chief Scientist in his Medium post of Bitcoin (SV) use cases entitled “Clickwrap smart contracts,” takes advantage of nChain’s patent innovation for Determining a Common Secret for the Secure Exchange of Information and Hierarchical, Deterministic Cryptographic Keys to enable the secure, private, and reliable exchange of contract information granting access to a product or service.
Fulfilling Commercial and Regulatory Needs
The effectiveness of T&C agreements can thereby be substantially improved; the smart-contract capabilities as offered by public blockchains such as Bitcoin SV and through nChain intellectual property leverage the method of the clickwrap contract to ensure terms and conditions are provably agreed upon by both the seller and the client when accessing a product or service.
The solution consists of several key aspects:
Conditionality: The key aspect of the solution lies in establishing a standard Bitcoin hash puzzle which requires the client to form a solution to the puzzle by agreeing to the T&C—which is then used to grant access to a product or service; the actual T&C are thereby used to form the hash, so that the provision of the hash implies an agreement to the T&C. The unique hash alone provides the necessary condition for a smart contract to give access to the product or service.
The mechanism can be thought of as an encrypted media file or software program, of which the decryption lies in agreeing to the T&C.
Transparency and immutability: A record with a timestamp of the agreement is stored on the blockchain, allowing for irrefutable proof of the transaction capturing the agreement, while also allowing for traceability of agreed changes.
In cases necessary, a Ricardian smart contract would ensure a digital signature holds up to the requirements for a written contract.
Because the agreement is stored on the blockchain, it is readily available for access by either party at any point in time; while a loss in the connection disrupting the acceptance of the T&C would normally require one party to notify the other party of the failure, the blockchain would present a reliable platform for communicating whether an agreement took place or not.
Reliability and efficiency: Using nChain’s patent innovations for the Secure Split Keytechnique and Deterministic Key Generation, we can ensure the secure and accurate exchange of information (here the T&C) and reliably authenticate both parties engaging in the exchange in a private manner.
The result is a transaction capturing the agreement of T&C in an indisputable, fast, and transparent way—offering substantial savings in the maintenance and assurance of such agreements.
In combination with nChain’s solutions for fully compliant smart contracts, we can establish the automated trigger for an email notifying the client that the exchange took place—fulfilling the strictest of requirements in web-based transactions.
Clickwrap smart contracts are directly integrable with existing T&C by storing the agreement in the data (OP_Return) field of a Bitcoin (BSV) transaction; we can even allow for the use of tokenised fiat for value of consideration and incorporate the payment transaction within the same exchange, enabling the most friendly and efficient of user experiences.
At the same time, we start picturing some of the key developments which form part of nChain’s Metanet project, where device, software, and existing web information can be organised and commercialised on the Bitcoin SV blockchain. The data of both your clients and your business is thereby seamlessly protected and kept private at all times.
Source Sebastian Plötzeneder - Communications Manager : https://nchain.com/en/blog/establishing-tc-agreements-blockchain-visions-bitcoin-dr-craig-s-wright/
May 10, 2019, 06:40:46 AM
Why BTC is not Bitcoin
Regardless of what some may believe, Bitcoin Core (BTC) is not Bitcoin. BTC has strayed completely away from the original definition and design of Bitcoin as explained by Satoshi Nakamoto in his white paper on the subject. If one were to compare the characteristics of Bitcoin and BTC side by side, the differences would become glaringly obvious. Dr. Craig Wright https://coingeek.com/craig-wright-defamation-suit-adam-back-blockstream/ , who knows Bitcoin better than anyone else on the planet – he should; he designed it – explains in a Medium https://medium.com/@craig_10243/dont-be-fooled-bitcoin-is-not-btc-61e6aee8ac53 post some of the reasons why BTC is not Bitcoin.
Wright leads off by attempting to set the record straight on Bitcoin. He explains, “Firstly, there is the fallacy that Satoshi acted in a particular way. The reality is that as Satoshi https://coingeek.com/beware-of-bch-troll-miner-posing-as-satoshi-nakamoto/ , I interacted with people who held views that differed from mine. In creating Bitcoin, I sought to create an honest and legally enforceable cash system. To be cash, that is to be money, Bitcoin needs to be neutral. It is not a system that is friendly to crime but a system that is friendly to most people. Such are people who act across the law in a variety of ways.”
Bitcoin was designed to be private, not anonymous. A look at a number of the digital currency offerings shows how the idea of privacy has been completely bastardized and misdefined by a number of crypto developers looking to support their own agendas.
Bitcoin was really, in essence, according to Wright, designed to allow people to conduct transactions without having to use a credit or debit card. Perhaps they don’t own one, they don’t want to give it out, or perhaps they don’t want to get stuck with a recurring bill. Regardless of the reason, Bitcoin was to offer an easy, peer-to-peer solution for a number of problems.
Wright explains, “There is a great falsehood about Bitcoin that has been spread by such people seeking to hijack the platform and create something else. It is the claim that Bitcoin was anti-authority. Bitcoin is an immutable log and an immutable evidence trail. Bitcoin is a form of money that is traceable allowing for the requirements of a sound and honest money dictated by Joseph Stiglitz https://coingeek.com/nobel-prize-winning-economist-wants-to-end-crypto-but-proves-he-doesnt-understand-it/ . Unfortunately, the people who sought e-gold and DigiCash and tried to create bit gold did not want Bitcoin. Such groups sought something completely different to what Bitcoin is, and have hijacked the narrative.”
Despite a believe by some crypto fans that Bitcoin https://coingeek.com/prince-charles-finds-bitcoin-very-interesting-development/ can operate with governments, this is a fallacy that shows how little these individuals understand of currency, Bitcoin and governments. Wright states in his post, “Bitcoin doesn’t stop banking fraud and doesn’t stop fraud at all. Fraud is stopped when you have requirements to act under law and Bitcoin as an evidentiary trail. The point is, Bitcoin reduces the need for certain governmental controls when government exists.”
Developers have already shown that they can – and will – change digital currencies to suit their own needs. This is precisely the issue Bitcoin was striving to address – the ability of a central government to change currencies on a whim. This is why BTC, and other coins like it, are not Bitcoin and why they will ultimately fail. It is also the reason that Bitcoin SV is the original https://coingeek.com/bitcoin-sv-is-a-safety-beacon-in-the-turbulent-tides-of-the-cryptocurrency-chaos/ – and only – Bitcoin and why it will ultimately succeed.
Source: https://coingeek.com/why-btc-is-not-bitcoin/
May 09, 2019, 08:50:34 PM
BSV Hackathon provides 36 new solutions to onboarding
The world’s first Bitcoin SV (BSV) hackathon has come to a close, and it was a resounding success. Thirty six submissions made it across the finish line, and now the developers wait to see who the judges will chose to move on.
In total, 216 eager coders signed up to participate in the event. Of that number, 122 were to compete as individuals, and another 94 joined together to form 42 teams. They worked on their projects for 48 hours, starting at 12pm GMT+1 on Saturday, May 4 and ending at 12pm Monday, May 6 GMT+1. Of those entrants, 100 joined the Hackathon Telegram channel, of which many acted as representative of their teams.
The goal of the hackathon was broad enough to inspire creativity, but had a specific goal in mind. At the start of the event, the participants were told in a Telegram group to work on a project that would foster better onboarding, not just in end-users, but also for developers, in interacting with the BSV blockchain. Their entry should demonstrate that it was an application that provided fresh new ideas towards those two aspects of adoption, while maintaining the ability to scale, a key focus of BSV.
As the event kicked off, the mood was positive and supportive, as it typically is within the BSV community. The entrants encouraged each other, providing assistance when others got stuck with their code, and generally encouraging the entire group towards their solutions. Ted Rivera, one of the entrants, said of the atmosphere, “It was a very nurturing and educational environment where all worked hard to help others find solutions. Felt more like one big workshop.”
The biggest obstacle wasn’t in beating others towards the prize, but in achieving something within the time constraints of the event. One developer said, “The competition between participants was relevant. But the most important competition was amongst oneself: pushing oneself beyond the limits of attainable when the event started.”
It can be a grind to develop for 48 hours straight, and every little bit helped spur them towards their goals. A participant going by the name Van Gogh said:
“I was also at that point where there were like 20 hours left I was completely spent and ready to just submit what I had. Then one of Jimmy’s videos would come on and I was like dammmmn! he’s talking directly to the hundred of us, I can still smash out some code for this API part lol”
The sense of achievement at the end was real. 36 submissions got across the finish line with a working application in total. Another entrant named Attila said of the feeling:
“It was a refreshing experience to meet and organize with other builders in this space. I am impressed with how many different people worked well together. It’s going to be amazing to see what everyone has created. There are many thoughtful and talented developers in the competition that makes it suspenseful and exciting.”
The next step is the top three finalists will be chosen by a panel of judges, and a representative from each will be flown to Toronto, Canada for the CoinGeek Toronto scaling conference. There, an expanded group of judges and the live audience will combine to vote on the winner.
First place brings home a whopping 250 BSV, a great start towards funding a new project. Second and third place will win 100 BSV and 50 BSV respectively, making for 400 BSV in total being granted to the finalists.
It doesn’t end there though. After presenting their work and the prizes are awarded, plenty of entrepreneurial types, including the Bitcoin Association, will be at the conference, considering the contestants’ projects for potential investment.
From: https://coingeek.com/bsv-hackathon-provides-36-new-solutions-to-onboarding/
May 08, 2019, 08:49:49 AM
Thank you very much jamespastagueule 
May 08, 2019, 08:31:25 AM
BSV is ready for the world’s business. Are you?
Since Bitcoin was revitalized in November 2018 in the form of Bitcoin SV (BSV), the Bitcoin world hasn’t been short of amazing. The recent months have proven that by following Satoshi’s original plan of keeping a stable protocol as we focus on the roadmap towards secure, massive on chain scaling, we are opening a world of incredible new possibilities—as we work towards enabling the world’s new money.
In October, we announced Tokenized, which creates customizable smart contract system for Bitcoin SV, as the winner of our £5M contest for Bitcoin Token Solutions. This project, created by James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee, proves that Satoshi’s original vision for Bitcoin undeniably works, because they used resources only made available through massive scaling, and not through further protocol changes.
We’ve already seen that because Bitcoin SV offers unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation. Now, we’re on the next step. That of creating businesses and industries powered by Bitcoin SV. I know people have bright ideas of how to do that, and they just might need a little support to make it a reality.
Bitcoin, after all, is not just the future of money—it’s the future of business.
I’ve said it before but it merits repeating. 2019 will be a year of massive on-chain scaling, and that’s already proving to be true. Bitcoin SV has already proven it can sustain 64MB blocks, 103MB blocks, and now regularly mines 128MB blocks, with plans to reach 500MB by the mid-year, and between 1GB and 2GB blocks by the end of the year. The protocol has already proven that scaling on chain has to come first, and application developers and users will flow in to fill it.
Now, I want to plan the next step, and get the world’s new businesses kick-started. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.
Celebrate the renewed life of Bitcoin, and all the developments happening with Bitcoin SV, with all the world leaders in on-chain scaling at the CoinGeek Toronto conference on May 29-30. This is the third conference I’ve done, and this time, the special focus is on massive on-chain scaling—the one area where people supporting these other technologies that don’t work are very confused about.
On-chain scaling gives the confidence to enterprises and start-ups to aim their application development at that network which is going to stimulate the transaction volume that’s necessary to attract the security. At the end of the day, just like there’s no need to be two internets, there will only be one platform. And that platform has to, by definition, be the one that scales.
CoinGeek Toronto, which will take place at the Carlu, will welcome new faces as well as familiar names to the global stage, alongside BSV leaders such as nChain’s Dr. Craig Wright and Founding President of the Bitcoin Association Jimmy Nguyen. And of course, to celebrate, there’ll be one of my famous after-parties—the likes of which Toronto has not yet seen!
For full details and to reserve tickets to CoinGeek Toronto, register here. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.
Source from Calvin Ayre on https://coingeek.com/bsv-is-ready-for-the-worlds-business-are-you/
May 08, 2019, 08:09:17 AM
Don’t be fooled — Bitcoin is not BTC
In order to clear up some areas around my history as the creator of Bitcoin for people, I need to point out a few fallacies. Firstly, there is the fallacy that Satoshi acted in a particular way. The reality is that as Satoshi, I interacted with people who held views that differed from mine. In creating Bitcoin, I sought to create an honest and legally enforceable cash system. To be cash, that is to be money, Bitcoin needs to be neutral. It is not a system that is friendly to crime but a system that is friendly to most people. Such are people who act across the law in a variety of ways.
BTC is passing off as Bitcoin, it is a fake airdrop copy.
Bitcoin is a system that is private. It is not anonymous.
Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have, either don’t want the spouse to see it on the bill or don’t trust giving their number to “porn guys”, or afraid of recurring billing.
The point made is important; anonymity breeds crime, and crime kills freedom. You will note that I did not promote drugs or any other illicit activities. I did not promote Bitcoin for such uses. Bitcoin is not a good system for illicit activity, as they involved with Silk Road discovered. Porn is legal. There are many other things that are legal, some of which may not want to be associated with people’s credit cards. Here’s the thing: Bitcoin is private allowing you to use it as cash and make purchases the same way you would going down to the corner store in the past and picking up legal but socially not acceptable items. When I was a child, certain things were allowed but not condoned. The means were not anonymous. If you paid for them with cash, people still knew, but people with knowledge were very limited.
Bitcoin does not stop debt
No cryptocurrency can. No system ever will. Debt is contractual. Unless you ban all contracts, debt exists, and to ban all contracts means to ban all trade. Even in Bitcoin, you can create debt obligations and bonds. In fact, you can create a lighthouse project that needs to be repaid over time. There is nothing, and I mean nothing, that can be done in the modern world that cannot also be done in Bitcoin.
There is a great falsehood about Bitcoin that has been spread by such people seeking to hijack the platform and create something else. It is the claim that Bitcoin was anti-authority. Bitcoin is an immutable log and an immutable evidence trail. Bitcoin is a form of money that is traceable allowing for the requirements of a sound and honest money dictated by Joseph Stiglitz. Unfortunately, the people who sought e-gold and DigiCash and tried to create bit gold did not want Bitcoin. Such groups sought something completely different to what Bitcoin is, and have hijacked the narrative.
There is nothing at all about Bitcoin that is anti-authoritarian. To say so would be to say that gold itself was anti-authoritarian. When I created Bitcoin, I created a monetary system that would work within the existing framework. E-gold, Liberty Reserve, and many others came about, but the reality is, they all ended as a result of legal action. Bitcoin needs to work within the law to be valid.
Cypherpunk and the fallacy of no true Scotsman
I’m sorry to disappoint you, but I used the Cypherpunks mailing lists on a regular basis. I was one of the first people to use them. The fact that there were some who were, like Julian Assange, anti-everything did not mean that I or Bitcoin was anarchist. To assume that everyone on a mailing list holds a select view means a false understanding of the list and the people on it. The no true Scotsman argument that no Cypherpunks list member would ever support a regulated system is utterly false. The fallacy of composition needs to be considered. The simple argument here is made that all ‘cypherpunks’ support anarchy, yet I was on the list — which is easy to prove. I do not support anarchy in any form. I did not in the 90s, and I never will.
“The system is entirely decentralized, without any server or trusted parties,” details Nakamoto. “The network infrastructure can support a full range of escrow transactions and contracts, but for now the focus is on the basics of money and transactions.”
Note that if you read the white paper, you will discover that there are two aspects here:
1. Peer-to-peer cash is distributed when two parties exchange a transaction.
2. The node network is a distributed database.
They are separate concepts. When I released the software in 2009, everything was put onto one single simple package. It was not designed to remain so, and in fact, I always expected that in time, miners as nodes would start to aggregate into large corporations that would run out of data centres. Competing organisations make for something that is decentralised. Which is how Bitcoin works. No individual organisation, corporation that runs a Bitcoin node in order to mine and verify bitcoin can change the rules. The protocol is fixed.
With the tortious airdrop copy of Bitcoin, BTC, what we see is a false version of Bitcoin designed to hide the fact that a small group of control-freak developers seek to dictate monetary policy through Bitcoin. They seek to alter it to make it anonymous rather than pseudonymous and to act outside the law. All of it comes through the results of Silk Road. That is, Bitcoin demonstrating that it is not a good drug coin. It was designed not to be. Freedom does not include crime. Contrary to the continuous lies saying that nothing bad was sold on Silk Road, captures of Silk Road demonstrate sales of:
plastic explosives;
ammunition;
poisons; and
hard drugs including crack, ice, and worse.
The simple reality is that many people seeking the illicit casino world and the drug-coin world have hijacked Bitcoin to make something that Bitcoin was never designed to be.
“It’s [BitCoin is] very attractive to the libertarian viewpoint if we can explain it properly.”
No matter how much of an anarchist you are, let alone libertarian (which is not anarchist at all, by the way), one thing to take note of is that fraud is never acceptable. The first thing to note here is that passing off is a form of fraud. It is a tort based on the deception in claiming something that is other than the real matter is; you lead someone to believe that he is getting what he is seeking, and give him something else. People are being led to believe they are getting Bitcoin when in fact they are getting a crippled developer-controlled mutation.
The protocol was open but not open to change. Bitcoin works and is decentralised only when the protocol is fixed. The lie that you are being told is that developers need to be able to move the goalposts and make new protocol changes whenever they feel like it. The Internet protocol does not change. New applications are built, and additional systems are constructed on top of the protocol, but the protocol itself remains stable. TCP is valid today just as it was in the past. If I plug a computer running DOS version 5.0 onto the network using a TCP stack program from the 80s, it will still connect to the Internet. If I connect a XENOS machine or a SunOS 3.0 computer using code from the 80s and 90s, it will still connect to the Internet, and it will be able to send and receive packets. That is protocol stability.
For Bitcoin to work and be stable, the protocol cannot change. If the protocol changes all the time, we end up like IPX. And when it does, business investment becomes stifled. The length of time needed to both create a new process and program and then recoup the costs is not given.
On decentralisation
Bitcoin is only decentralised through the protocol. Here lies the nature of decentralisation. Decentralisation of power involves the inability for an individual to take control of the system. In order to ensure it, developers cannot set the rules. The lie that you are being taught by the promoters of an airdrop copy of Bitcoin which trades with a ticker symbol BTC (also known as Core coin) is that the false copy was in any way decentralised. The truth is that the promoters of such a controlled derivative seek to pass off an extremely highly manipulated system as one being decentralised.
Such is the founding spirit of Bitcoin: it’s a system that acts as a protocol of sound money that leaves a traceable evidential record. It is a system that is antithetical to crime. It is a system that is antithetical to anarchy, and it is a system that works within the law and regulations as they have been constructed in the world of common law.
When I made the following comment on the peer-to-peer mailing list, people saw it and decided to cherry-pick words:
A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.
They extract the word decentralised from the argument. But it’s not what the context says; what I wrote was “a decentralized, non-trust-based system.” As such, we end up with a:
global distributed database, with additions to the database by consent of the majority, based on a set of rules…
It is important to remember not that it is a decentralised system, but that it is a global distributed database. Additions to the database are created using a fixed protocol — which is the key here; Bitcoin is a non-trust-based system because it has a fixed protocol. As soon as you allow developers to change the protocol, you trust the developers.
Developers are not decentralised. Developers acting within an open-source project act as a system with a benevolent dictator. I left Bitcoin as a project so that I would not be the benevolent dictator. I left to be an absentee dictator. One who set rules in stone. I explained it well, I would have thought, but obviously it went over everyone’s head.
The discussion involved people asking about changing the protocol. It was argued that the number of coins and other protocol aspects of Bitcoin would need to be changed. I said categorically that Bitcoin’s rules as a protocol are predetermined.
At the start of the post I categorically said that Bitcoin was created as a system “with no central server or trusted parties.” Trusted parties are ones such as developers who hold power over the protocol. If a developer can change the rules, they set the rules.
When a dishonest system like Core coin (BTC) seeks to alter Bitcoin in creating an airdrop that poses as if it was Bitcoin, they are conducting an attack on the system. There is a common law tort for it: it is called passing off — which is where someone fraudulently pretends to be someone or something he is not. When Core forked Bitcoin in 2017, they created a new system, and yet they pretend that it was the original Bitcoin protocol. To be honest, to act within the law, Core would need to call it something else.
They could call it Core coin, developer coin, protocol-changes-weekly coin, but they cannot legally decide to name it Bitcoin. They could call it airdrop-altered-version-of-Bitcoin coin and still be honest, but they wouldn’t want to do so. They want to pass off their illegitimate copy as the original.
If you simply want to create a copy of Bitcoin, the copyright allows you to do so. You can for instance create a system such as Ethereum or even Litecoin without any risk of passing off and having people confuse your new coin with Bitcoin. It allows for fair and honest competition. But of course it is not what people in such camps want. They don’t want honest competition, they want to use lies and fraud and argue that fraud was somehow part of a libertarian ideal. It is not.
Set in stone
As soon as you allow any developer to start changing rules, Bitcoin is no longer decentralised, and if it is no longer decentralised, it is no longer Bitcoin. I will say it in another way: if the rules of Bitcoin that form the protocol change, you have altered Bitcoin and created something other than Bitcoin. Just like a SunOS machine from the 80s being able to access the Internet today, to be Bitcoin, the system needs to be stable, and a transaction signed today needs to be valid 50 years from now. If such is not the case, if developers can alter the protocol, you are not talking about Bitcoin.
Set in stone.
The big error here is thinking that Bitcoin without government does anything. Without government, Bitcoin doesn’t stop banking fraud and doesn’t stop fraud at all. Fraud is stopped when you have requirements to act under law and Bitcoin as an evidentiary trail. The point is, Bitcoin reduces the need for certain governmental controls when government exists.
Central banks are not the issue; manipulation is.
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
My profound distrust is not towards central banks. It is towards technocrats who think they know far more than everyone else. It is my motivation behind creating Bitcoin. In the quote above, I make it very clear that I do not believe in the long-term viability of currencies that are trust based — that is, the DEVELOPERS can alter them as and when they please! That is, BTC is the reason Bitcoin exists. Bitcoin exists to ensure systems like BTC fail…
Thanks to Gabriel, Tonesnotes, and Lin Zheming.
Source: https://medium.com/@craig_10243/dont-be-fooled-bitcoin-is-not-btc-61e6aee8ac53
May 08, 2019, 06:57:33 AM
Jimmy Nguyen on the unmatched power of the Bitcoin SV blockchain
As impressive as blockchains are, there is still work to be done if they’re to be accepted by businesses on a large scale. Today, the only blockchain that recognizes the importance of being robust – robust enough for corporations the size of IBM and Amazon – is Bitcoin SV (BSV) and the CEO of nChain, Jimmy Nguyen, recently sat down for an interview to discuss why BSV is leading the way and how it is the best solution for businesses as they transition to the blockchain. https://youtu.be/KXgxhz5_GKw
One thing is clear to business minds. If they’re going to adopt any technology, it has to be stable, it has to be versatile and it has to be powerful. BSV makes all three possible, developing a platform that is capable of thousands of transactions per minute with aspirations of over seven billion transactions per minute. This type of scalability is only possible with BSV, as other blockchains, including Bitcoin Core (BTC) and Ethereum (ETH) have severely limited their capabilities by introducing unnecessary – and often unwanted – code limitations.
It’s important to point out that “transactions” does not necessarily refer only to financial transactions. A transaction can be any type of communication, including data transfer, contract assignations and even picture transmissions. The benefit is that all of the transactions become part of an immutable, permanent record that is available to relevant individuals at all times from anywhere.
In keeping with the model that a blockchain needs to be made for business activities, CoinGeek had recently held a contest to inspire the creation of a real-world use case that has practical benefits for businesses. That contest resulted in a prize of over $6 million awarded to Tokenized, an organization that was created to develop smart contracts for the BSV blockchain. These smart contracts can be issued for stocks, bonds, derivatives and even concert tickets and include a feature not available with any other smart contract system.
BSV supporters understand Bitcoin and understand the importance of creating a solution that allows for adherence to legal and regulatory guidelines. No business will adopt any solution that tries to skirt regulations and BSV ensures that businesses can build solutions with confidence that they are operating within regulatory frameworks. Tokenized ensures that this same mantra is carried, providing a solution that is regulation-friendly and which doesn’t try to violate laws.
Out of the primary blockchain solutions available, only BSV is capable of large-scale operations. It is the only network that has successfully mined blocks of 103 megabytes, and greater, and is working toward blocks in gigabytes and terabytes. Both BTC and ETH have already acknowledged scaling issues, which means neither can offer the volume capabilities found with BSV.
New projects are being introduced to the BSV blockchain on a regular basis that are designed to show its capabilities and flexibility. New payment solutions are coming, as well as supply chain management solutions. There is also Centbee, which has received an investment from CoinGeek founder Calvin Ayre, a crypto company that is proactively expanding adoption by merchants and consumers in South Africa and across the world.
BSV is helping to ensure that the original design – and purpose – of Bitcoin remains intact. Over the past several years, many individuals have felt that they knew more than Bitcoin’s creator and have completely changed the definition and scope of digital currency. All this time, a group of individuals has remained determined to see the original Bitcoin succeed, understanding that the others are not capability of fulfilling Bitcoin’s goals. It is because of this that BSV is keeping the vision alive.
From https://coingeek.com/jimmy-nguyen-on-the-unmatched-power-of-the-bitcoin-sv-blockchain/
May 08, 2019, 02:10:00 AM
New solutions come after BSV Hackathon (second run) on 31 may 2019 May 06, 2019, 10:38:23 AM
Quote from: jamespastagueule
Here is a part of what is being produced on Bitcoin BSV :
Getting Started
● Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoinsv.io/bitcoin/
● BitcoinSV - The Original Bitcoin https://bitcoinsv.io/
● nChain https://nchain.com/en/professional-services/
Videos
● The Value of Money - Why BSV will become the most valuable form of money https://www.youtube.com/watch?v=2hboJyFyGFY
● Professionalizing Bitcoin & Bcommerce - Craig Wright - CoinGeek Conference London https://www.youtube.com/watch?v=9lRjXJmIdys
● nChain https://www.youtube.com/channel/UCBCpqi_Kdc3BNgm0Kub-x_g/videos
● Craig Wright exclusive interview - Explains Metanet, Bitcoin SV, nChain & more https://www.youtube.com/watch?v=ZoYnZ6CAoAk
● Bitcoin SV: The Original Bitcoin & Global Public Blockchain for Enterprise - Jimmy Nguyen https://www.youtube.com/watch?v=ZBGs-vul-E8
● Jimmy Nguyen: It’s time for Bitcoin to grow up https://www.youtube.com/watch?v=gR_1Lkn_364
● James Belding: Bitcoin SV is set to be the global commercial ledger https://www.youtube.com/watch?v=VW7QKOc-uJs
● CoinGeek BSV https://www.youtube.com/channel/UC95_Nqes9m5arhoT1lt1SFg/videos
Roadmap
● The roadmap to Genesis: part 1 https://bitcoinsv.io/2019/04/17/the-roadmap-to-genesis-part-1/
Communities
● Reddit r/bitcoincashSV https://www.reddit.com/r/bitcoincashSV/
● Reddit r/bitcoinsv https://www.reddit.com/r/bitcoinsv/
● Bitcoin SV Discord Channel https://discord.gg/xNWbNKE
● English Bitcointalk Link (Thread with legendary trolls and censorship by moderators◂ https://bitcointalksearch.org/topic/ann-bsv-bitcoin-sv-original-satoshi-vision-4985868
● Korean Bitcointalk Bitcointalk Link https://bitcointalksearch.org/topic/bsv-bitcoin-satoshi-vision-metanet-o-v-v-5125266
Buy BSV
● Float SV https://www.floatsv.com/
● Bitfinex https://www.bitfinex.com/
● Bittrex https://bittrex.com/
● Poloniex https://poloniex.com/
● OKEx https://www.kucoin.com/
● HitBTC https://hitbtc.com/
Wallets
● Desktop Wallets
- ElectrumSV https://electrumsv.io/
- Exodus https://www.exodus.io/
- Atomic Wallet https://atomicwallet.io/
● Mobile Wallets
- HandCash https://handcash.io/
- Edge https://edge.app/
- Coinomi https://www.coinomi.com/en/
- Centbee https://centbee.com/
● Web Wallets
- Guarda https://guarda.co/
- Money Button https://www.moneybutton.com/
● Paper Wallets
- bitaddress.org https://www.bitaddress.org/
Blogs
● nChain blog https://nchain.com/en/blog/
● BitcoinSV.io News https://bitcoinsv.io/news/
● Craig Wright (Bitcoin SV is Bitcoin.) - Medium https://medium.com/@craig_10243
● Bitcoin SV - CoinGeek https://coingeek.com/news/tag/bitcoin-sv/
Blockchain Explorers
● svblox.com https://svblox.com/
● satoshi.io https://satoshi.io/
● bsvexplorer.info https://bsvexplorer.info/
● bchsvexplorer.com https://bchsvexplorer.com/
Charts & Graphs
● Bitcoin SV / Charts - Blockchair https://blockchair.com/bitcoin-sv/charts
● Coin Dance BSV charts https://sv.coin.dance/
● SVCharts.com https://www.svcharts.com/
● Bitcoin SV Transactions chart https://bitinfocharts.com/comparison/bitcoin%20sv-transactions.html
Apps and Social Media
● Yours.org https://www.yours.org/
● Bitstragram https://bitstagram.bitdb.network/
● Memo - Bitcoin Social Network https://memo.sv/
● Literatus - where you read and write https://en.literatus.org/
BSV/DEVS - Listings in Payment Processors
● Bitcoin SV Payments for WooCommerce https://github.com/mboyd1/bitcoin-sv-payments-for-woocommerce
● Money Button https://www.moneybutton.com/
● AtomicPay - Decentralized Cryptocurrency Payment Processor https://atomicpay.io/global/en
● Coinify.com I Accept Virtual Currencies https://www.coinify.com/
● GoUrl - Bitcoin Payment Gateway https://gourl.io/
● CoinGate - Accept Cryptocurrencies https://www.coingate.com/
● WebCash - Point Of Sale https://www.bsvdevs.com/webcash
BSV/DEVS - Listings in Tokenization & Smart Contracts
● BitcoinToken http://bitcointoken.com/
● bitcoinasset:// Protocol https://github.com/bitcoin-asset/bitcoinassetjs
● Tokenized - Issue, Manage and Trade Legal Tokens https://tokenized.cash/
BSV/DEVS - Listings in APIs and Dev Tools
● BitDB https://bitdb.network/
● BitSocket https://bitsocket.org/
● Chronos BitDB https://chronos.bitdb.network/
● Planaria - Infinite API over Bitcoin https://planaria.network/
● Euler - BitDB Planaria Node https://euler.bitdb.network/
● C://_ Content Addressable Files over Bitcoin https://c.bitdb.network/
● WOC Explorer - Source Code https://github.com/waqas64/woc-explorer
● BitIndex - Wallet Cloud API http://www.bitindex.network/
● bitsv · PyPI https://pypi.org/project/bitsv/
● BASCIIAT. B:// to ASCII Art Transform https://basciiat.bitdb.network/
● B:// Bitcoin Data Protocol https://github.com/unwriter/B
● bsv Bitcore Library https://github.com/moneybutton/bsv/
● MiniGate https://github.com/monkeylord/MiniGate
● BitcoinFiles - SDK https://github.com/BitcoinFiles/bitcoinfiles-sdk
● A Framework for MetaNet Pages https://github.com/wy000000/A-Framework-for-MetaNet-Pages
● Genesis BitDB https://genesis.bitdb.network/
● Bitcoin Sticker Protocol https://sticker.planaria.network/
● Babel BitDB https://babel.bitdb.network/
● Genesis BitDB https://genesis.bitdb.network/
● Bitcom - Bitcoin Computer https://bitcom.bitdb.network/
● Bit:// https://bit.planaria.network/#/
● Magic Attribute Protocol https://github.com/rohenaz/MAP
● Meta BitDB https://meta.bitdb.network/
● LINK (by BitSent) http://bitsent.net/link.html
● Bitsh - Bitcom Shell https://github.com/interplanaria/bitsh
● Author Identity Protocol https://github.com/BitcoinFiles/AUTHOR_IDENTITY_PROTOCOL
● D:// Bitcoin Dynamic Protocol https://planaria.network/@1G3BpTyEK6xF4LaQTHqdFBBaVxYHZzts4M
● rust-sv https://github.com/brentongunning/rust-sv
● Blockchair API Doc https://github.com/Blockchair/Blockchair.Support/blob/master/API_DOCUMENTATION_EN.md
BSV/DEVS - Listings in Gambling & Gaming
● Blockchain Poker https://blockchain.poker/#/sv
● Play Bitcoin SV https://playbitcoin.cash/
● The Social Bitcoin SV Gambling Game -- phun.io https://www.phun.io/
BSV/DEVS - Listings in Productivity Tools
● BitGraph https://bitgraph.network/
● Preserve https://preserve.bitpaste.app/
● Bico.Media https://bico.media/
● BSV Forever Fund https://bsvforeverfund.com/
● etched https://etched.page/
● PageReturn | OP_RETURN Viewer https://www.pagereturn.com/
● Bitok - Immortalize your voice https://bitok.live/
● BitDiary https://bico.media/6c0fd6bc82865d65ca888b8f4532336c3c018745c4f53c591407d74f3e03c5fb
● Bitstagram https://bitstagram.bitdb.network/
● Metalense Extension - Chrome Web Store https://chrome.google.com/webstore/detail/metalense-extension/odoinflckdonpofihlicjjknlgnhhaem
● b:// protocol - Chrome plugin https://chrome.google.com/webstore/detail/b/eonhdpmmjdekgnmcnpojchndohaeonci/
● Bottle - A Bitcoin Browser https://bottle.bitdb.network/
● Oyo - Search https://oyo.cash/
● Bitcoin PageShot - Generate image from URL https://pageshot.bitcoinsv.si/
● CryptoGraffiti - Bitcoin Blockchain Messages https://cryptograffiti.info/
● https://trends.cash/ https://trends.cash/
● Bitcoin-cad-drawings https://www.bitcoin-cad-drawings.com/
● BitPaste - On-chain text and file sharing https://www.bitpaste.app/
● Easy Sign https://www.easysign.io/
● Bitcoin Protocols https://bico.media/3b79345b4115b814e5f67e7cb2aead2cc6c2b583b7ff19f02623d239e7d20522.html
● Capture Website Snapshots https://immortalsv.com/
● BitcoinFiles https://www.bitcoinfiles.org/
● Weightless https://bico.media/ff39bc24d96af1370b29dcae4576713f19af6f4910b2d1714c2e20a23ae8d9e4
● CalendarSV http://www.calendarsv.com/
● ExFuturo — search metanet https://exfuturo.org/
BSV/DEVS - Listings in Social & Content Commerce
● Literatus — where you read and write https://en.literatus.org/
● Streamanity https://streamanity.com/
● MetaLens - Comment Anywhere on Any Website via All Aboard https://metalens.allaboard.cash/
● Memo - The Bitcoin Social Network https://www.memo.sv/
● hivr - Bitcoin SV Social Wallet https://www.hivr.cash/
● Keyport TV https://keyport.tv/
● Yours.org https://www.yours.org/
● WeatherSV https://weathersv.app/
● Fivebucks: Global Freelance Services Market https://fivebucks.com/
● Matter: Decentralized Blogs and Stories on BSV https://www.mttr.app/
● bsvnews http://bsvnews.today/
BSV/DEVS - Listings in Node Implementation
● Bitcoin SV Github Repository (source) https://github.com/bitcoin-sv
● bcoinsv https://github.com/brentongunning/bcoinsv
● Bitcoin SV https://bitcoinsv.io/
● NextCash Full Node Implementation https://nextcash.tech/?view=recent_blocks
● Bterm - Bitcom Navigator https://bterm.network/
● KaChing Cards APDU wallet https://kaching.cards/
BSV/DEVS - Listings in Entertainment
● BitChat BitDB https://bitchat.bitdb.network/
● BSV Transaction Shooter https://www.bsvdevs.com/txshooter
● Number Sonics https://mishapelt.com/numbersonics/
● Coin2Speech https://coin2speech.com/
● Lottery 6/45 Number Generator https://bico.media/99b5ee7cfb4632b2be06b75ff49fef96739291ed4667fef5fd9a25b0a2b3e5d5
● Bitcoin SV Matrix Themed Tx Visualizer https://www.bsvdevs.com/matrix
● Bitcoin Plays Pokemon https://bitcoinplayspokemon.com/
● Bitcoin Piano https://bico.media/0a68bb439a78ab5a721f0a139abedcbe0259f7f050fbba2ebed6006bb953bd5e.html
● Super Mario Bros on the Blockchain https://bico.media/ffe8f32c9003a50a82a7d1a68a4ca40cbc0429718e483c8dc79fbd6ddc8a4089.html
File Storage
● BitcoinFiles https://www.bitcoinfiles.org/
● Bico.Media https://bico.media/
● Bitsent - LINK https://bitsent.net/link.html
● Bitok - Immortalize your voice on blockchain https://bitok.live/
● EasySign - The easiest way to digitally sign documents https://www.easysign.io/
● BitPaste - On-chain text and file sharing https://www.bitpaste.app/
● Bitcoin PageShot - Generate image from URL https://pageshot.bitcoinsv.si/
Web Archive
● immortalsv.com https://immortalsv.com/
● etched https://etched.page/
Projects in progress
● Metanet - The internet on a blockchain https://metanet.icu/
● CryptoFights - Blockchain Enabled Strategy Fighting Game https://cryptofights.io/
● Bottle - Blockchain browser https://bottle.bitdb.network/
● Companies / merchants accepting BSV https://www.bsvdevs.com/index.php/maps
● BSV/DEVS Update- Listings https://www.bsvdevs.com/index.php
Twitter Personalities
● Jimmy Nguyen https://twitter.com/jimmywinmedia
● _unwriter https://twitter.com/_unwriter
● Steve Shadders https://twitter.com/shadders333
● Daniel Connolly https://twitter.com/connolly_dan
● Calvin Ayre https://twitter.com/CalvinAyre
● Ryan X. Charles https://twitter.com/ryanxcharles
● Kevin Pham https://twitter.com/_kevin_pham
● Eli Afram https://twitter.com/justicemate
May 06, 2019, 10:34:48 AM
Here are the applications deployed for BSV to date (many others are under development)
Link: https://i.ibb.co/3pRtZNJ/Active-Apps-BSV-release-05-2019.jpg
BitBoss releases javascript library for Bitcoin SV wallets
There’s another exciting new release for the Bitcoin SV (BSV) blockchain. BitBoss https://www.bitboss.io/ , a company that specializes in blockchain gaming innovations, has released Keyring, a new collection javascript libraries for BSV.
The Keyring libraries https://bitboss.io/keyring , hosted on GitHub https://github.com/BitbossIO/keyring and at npm at @keyring/bsv, will help developers to code apps that can create and sign BSV transactions, allowing them to easily create new wallets. Alex Shore, chief technical officer of BitBoss, told CoinGeek:
“We built Keyring for our own needs while developing our online gaming ecosystem that runs on Bitcoin SV, however we plan to enhance this library in an effort to help the entire Bitcoin SV community of developers. All contributions of code, feedback, and feature requests are welcome. We will be using GitHub issues to track work and will monitor it closely.”
Keyring has been designed to work with BSV first and foremost, and it uses all of BSV’s functionality, including support for larger OP_Return sizes. Their website states, “With KeyRing it is very easy to add new op returns and script templates because of how the library is designed to work with multiple chains.”
This new addition to the BSV development community demonstrates once again the maturity and collaboration present in the Bitcoin industry. BitBoss are first and foremost game developers though, and their website has sneak peeks into several gaming innovations they are currently working on, including blockchain-based slots, lotteries and a sportsbook.
This is a timely new resource for BSV, considering the Bitcoin Association recently announced the unveiling of the Bitcoin SV Scaling Test Network (STN). Developers and businesses now have easy to use code to help develop new applications with, and a professional test environment to fully stress test those applications for their business needs. Considering Keyring was built as a part of gaming development already, this is a perfect combination for gambling applications that need wallet applications tested on a massive scale.
This also adds to the education tools already released by Money Button. Their CEO, Ryan X. Charles, announced a suite of resources for developers to learn from, which has expanded to over a dozen articles since its release in March 2019.
If you’re a developer who’s interested in using these new Keyring resources, you might be interested to join the upcoming CoinGeek Toronto scaling conference as well. Winners of the first BSV hackathon will be announced, and you can register now to be there. Save money on your entry too by paying with Bitcoin SV via Coingate.
Source: https://coingeek.com/bitboss-releases-javascript-library-for-bitcoin-sv-wallets/
May 04, 2019, 10:12:42 AM
Kronoverse gaming company, CryptoFights players battle and investor its main Calvin Ayre, who combined the SV[BSV] bitcoin blockchain
Kronoverse, an independent game development company behind the popular 3D fighting game CryptoFights on the blockchain, has secured a leading investment fund from online game entrepreneur Ayre Group and CoinGeek founder Calvin Aire. This investment follows last month's announcement that Kronoverse would use an SV blockchain (BSV) to drive the network layer of the CryptoFights game. I am a financial sponsor and key funder of BSV's financing through my investment, media and CoinGeek activities. I am very excited about the investment that will significantly increase the use and volume of BSV blockchains.
The Kronoverse team ambitiously introduces blockchain technology into the game for the benefit of all players. Installs an old mysterious stadium to run CryptoFights games with blockchain technology, and allows players to engage in dreadful challenges ranging from one-to-three matches against three on Android, iOS and PC. Kronoverse used the special features of the BSV blockchain as auditable data books and auditable data storage networks. The CryptoFights game will use BSV blockchains in different ways:
● The game uses BSV blockchains within the network layer.
● The platform records online game battles in the BSV blockchain and recordings are permanently accessible.
● Kronoverse develops a custom block explorer to examine previous games and live games ("Battle Explorer" is better). Players can use the data from the BSV blockchain to play games they have played before. You can see him again.
● It is based on a digital signature string very similar to bit wedge, and the game will use a digital signature string because it must connect the player's movements to generate a permanent audit trail of the game.
"Satoshi Vision", named after Satoshi Nakamoto, founder of Bitcoin, restores the original protocol used for coins, maintains it stable and allows for large-scale use. Like Kronoverse, BSV has a scalable roadmap that allows online games to use blockchains in innovative ways. In the past, BSV's block channel has set the world's largest record of 128 MB, not just one of two public block channels. (In comparison, Bitcoin core BTC has a small block block of 1 MB.) With a 128 MB block, BSV can record more than 800 transactions per second, demonstrate its ability to record large amounts of data files (e. g. game videos and high definition photos) and perform massive bit-based chain scaling. In addition, the SV Bit Coin will prepare a terabyte block (1MB) ready to be used per gigabyte (1,000 MB) and capable of handling millions of billing transactions per second and even larger data files over time. As well as global data for all industries.
Adam Klinger, President of Kronoverse, explains: "We learned about BSV and we worked on different block chain platforms until we saw that what we needed was implemented in BSV, I just wanted to investigate. BSV has a large-scale scaling plan that can manage large amounts of data files for the data records we want to use, excellent development tools designed by the community and audit trails. Thanks to Calvin Aire's investment, we are able to make CryptoFights even more powerful with the BSV blockchain. "Thanks to the innovation in block game, Kronoverse can also manage electronic sports. Blockchain - The available movement tracking allows for unlimited match play by analyzing the movements of all players registered in the blockchain. Blockchain technology will create the effect of eradicating cheaters, as it will allow players to be honest, transparent, responsive and playable. This feature will allow CryptoFights to dominate its competitors and innovate in the e-sport sector.
Calvin Ayre added: "I like online games and beating coins. It's really impressive that Kronoverse combined these two. I was impressed by the fact that the company quickly recognized that the original Bitcoin was returning to the current version of the Bitcoin SV, which could do a lot of scaling. I am convinced that Kronoverse will bring a big explosion and that other online gaming companies are also encouraged to rely on Bitcoin SV. "
Iire's investment is part of a large-scale collaboration. nChain, a global leader in blockchain technology consulting, research and development, will provide Kronoverse with technical consulting services and a broad portfolio of intellectual property portfolios. Like Ier's work on CoinGeek, nChain is another key financial sponsor of Bitcoin SV. Jimmy Nguyen, founding president of the Bitcoin Association (Bitcoin SV's leading global economic ecosystem) and Chairman of nChain's Strategy Advisory Board, said:
"Kronoverse is a. As a good player, the company uses the BSV blockchain creatively to move to the next level. We look forward to working with Kronoverse to showcase BSV technology for online gaming in the future and would like to invite more companies to BitCoin SV, the only high-capacity, scalable blockchain. "
Source: https://coingeek.com/news/
Thank you
May 03, 2019, 02:42:42 PM
Kronoverse gaming company, CryptoFights players battle and investor its main Calvin Ayre, who combined the SV[BSV] bitcoin blockchain
Kronoverse, an independent game development company behind the popular 3D fighting game CryptoFights on the blockchain, has secured a leading investment fund from online game entrepreneur Ayre Group and CoinGeek founder Calvin Aire. This investment follows last month's announcement that Kronoverse would use an SV blockchain (BSV) to drive the network layer of the CryptoFights game. I am a financial sponsor and key funder of BSV's financing through my investment, media and CoinGeek activities. I am very excited about the investment that will significantly increase the use and volume of BSV blockchains.
The Kronoverse team ambitiously introduces blockchain technology into the game for the benefit of all players. Installs an old mysterious stadium to run CryptoFights games with blockchain technology, and allows players to engage in dreadful challenges ranging from one-to-three matches against three on Android, iOS and PC. Kronoverse used the special features of the BSV blockchain as auditable data books and auditable data storage networks. The CryptoFights game will use BSV blockchains in different ways:
● The game uses BSV blockchains within the network layer.
● The platform records online game battles in the BSV blockchain and recordings are permanently accessible.
● Kronoverse develops a custom block explorer to examine previous games and live games ("Battle Explorer" is better). Players can use the data from the BSV blockchain to play games they have played before. You can see him again.
● It is based on a digital signature string very similar to bit wedge, and the game will use a digital signature string because it must connect the player's movements to generate a permanent audit trail of the game.
"Satoshi Vision", named after Satoshi Nakamoto, founder of Bitcoin, restores the original protocol used for coins, maintains it stable and allows for large-scale use. Like Kronoverse, BSV has a scalable roadmap that allows online games to use blockchains in innovative ways. In the past, BSV's block channel has set the world's largest record of 128 MB, not just one of two public block channels. (In comparison, Bitcoin core BTC has a small block block of 1 MB.) With a 128 MB block, BSV can record more than 800 transactions per second, demonstrate its ability to record large amounts of data files (e. g. game videos and high definition photos) and perform massive bit-based chain scaling. In addition, the SV Bit Coin will prepare a terabyte block (1MB) ready to be used per gigabyte (1,000 MB) and capable of handling millions of billing transactions per second and even larger data files over time. As well as global data for all industries.
Adam Klinger, President of Kronoverse, explains: "We learned about BSV and we worked on different block chain platforms until we saw that what we needed was implemented in BSV, I just wanted to investigate. BSV has a large-scale scaling plan that can manage large amounts of data files for the data records we want to use, excellent development tools designed by the community and audit trails. Thanks to Calvin Aire's investment, we are able to make CryptoFights even more powerful with the BSV blockchain. "Thanks to the innovation in block game, Kronoverse can also manage electronic sports. Blockchain - The available movement tracking allows for unlimited match play by analyzing the movements of all players registered in the blockchain. Blockchain technology will create the effect of eradicating cheaters, as it will allow players to be honest, transparent, responsive and playable. This feature will allow CryptoFights to dominate its competitors and innovate in the e-sport sector.
Calvin Ayre added: "I like online games and beating coins. It's really impressive that Kronoverse combined these two. I was impressed by the fact that the company quickly recognized that the original Bitcoin was returning to the current version of the Bitcoin SV, which could do a lot of scaling. I am convinced that Kronoverse will bring a big explosion and that other online gaming companies are also encouraged to rely on Bitcoin SV. "
Iire's investment is part of a large-scale collaboration. nChain, a global leader in blockchain technology consulting, research and development, will provide Kronoverse with technical consulting services and a broad portfolio of intellectual property portfolios. Like Ier's work on CoinGeek, nChain is another key financial sponsor of Bitcoin SV. Jimmy Nguyen, founding president of the Bitcoin Association (Bitcoin SV's leading global economic ecosystem) and Chairman of nChain's Strategy Advisory Board, said:
"Kronoverse is a. As a good player, the company uses the BSV blockchain creatively to move to the next level. We look forward to working with Kronoverse to showcase BSV technology for online gaming in the future and would like to invite more companies to BitCoin SV, the only high-capacity, scalable blockchain. "
Source: https://coingeek.com/news/
May 01, 2019, 05:10:23 PM
Craig Wright and Calvin Ayre make nice with a crypto exchange
A week after BSV was delisted from multiple exchanges, the cryptocurrency’s champions invest in one. Building BSV as an enterprise platform is the goal.
Calvin Ayre, Craig Wright and the Bitcoin SV cryptocurrency they champion are popular with at least one exchange. Ayre’s Coingeek has teamed up with Drive Markets, a new institutional and individual crypto exchange, and will make a multimillion-dollar investment in the company. Wright’s nChain will supply blockchain consulting services and access to its intellectual property.
As Modern Consensus reported, Wright and Ayre earned the animosity of much of the cryptocurrency community last week after threatening to sue, and in at least one case actually suing, people who have called Wright’s claim to be Bitcoin creator Satoshi Nakamoto a lie. As a result, Bitcoin SV (BSV) was delisted from several major exchanges, including Binance.
At the same time it disclosed the investment, Drive Markets’ announced that its Drive Pay, a real-time remittance and settlement network for crypto and fiat currencies, will be run on a Bitcoin SV (BSV) ledger, and will use BSV coins as a bridge currency for liquidity, according to a press release. The company said that Drive Pay is a cross-blockchain platform targeting traders in capital markets and the foreign exchange market. It has its own utility token, Drive Coin (DRV), launched on April 3.
Drive’s release makes clear that the investment and partnership is all about boosting BSV as an enterprise (or permissioned) blockchain platform, at least for Ayre and Wright. In fact, it flat-out says it: “Ayre… expects the undisclosed investment which is in the multiple seven figures, to provide a significant boost to BSV enterprise usage and transaction volume.”
Drive says its support of BSV is because of its scalability. The release also takes several swipes at Bitcoin (BTC) in its Bitcoin Core appellation in this regard, noting that BSV just created a pair of 128 MB blocks which can handle more than 800 transactions per second. And, apparently, is preparing for gigabyte and terabyte blocks. “For comparison, Bitcoin Core BTC has a small 1MB block cap,” it added.
Ayre is quoted as saying “Drive recognizes the original Bitcoin vision, now back in the form of Bitcoin SV, works at a massive scale. I look forward to seeing the Drive Pay network process huge amounts of transactions on the BSV blockchain, and further unleash the true power of Bitcoin.”
Drive has partnered with MetaTrader, which has a trading platform popular with forex traders, and First Data, a database provider and consulting firm focused on the finance, technology and energy markets. Drive Markets promises, “a crypto trading experience synonymous with forex trading.”
Source By Leo Jakobson: https://modernconsensus.com/cryptocurrencies/bitcoin/craig-wright-calvin-ayre-drive-markets/
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