Glad to regain account full access. But Is not yet the case for every friends. A big thank you to all the speakers and to the technical and journalistic teams who enable me to better understand and share this information content. Big thanks to CG and Big Thanks to sources and resume from Jon Southurst, Patrick Thompson, Steve Kaaru and everyone.
Quote
CoinGeek Re-Live - Day 1 https://youtu.be/FAEoXeN0b8M
The long awaited event arrived as CoinGeek Live 2020 was produced. The largest event to date in the Bitcoin industry brings together developers, startup founders and Bitcoin enthusiasts to celebrate the progress made so far and chart the future together.
“one world chain.” It’s the notion that Bitcoin is a new network protocol that can rival or even replace today’s internet, with a global ledger of truth that can verify and timestamp when events happened—something today’s internet cannot do in a reliable way!
Quote
This CoinGeek conference was always going to be different. It is being broadcast live from New York and London studios, with guests appearing from far and wide: Johannesburg, Zurich, San Francisco, Tel Aviv, Edinburgh and Singapore, to name but a few. More like a TV show than previous conferences, it was slick but intelligent—somewhere between a technology seminar and the Eurovision Song Contest.
Bitcoin Association President Jimmy Nguyen was our expert MC, using his New York platform to “start spreading the news” about how far Bitcoin SV has come since the previous conference. You may remember that London jamboree as being from another era but it was only back in February. It’s been an eventful six months—in the world of Bitcoin SV and beyond.
Mr Nguyen welcomed those from the Bitcoin SV community and also others working on blockchain projects outside the Bitcoin world. We want to engage in a dialog with the entire technology industry, he said, sharing the idea of a network that scales, offers more access, and more interoperability.
There are over 5,000 blockchain ledger projects in the world today, Nguyen added. This is because people simply didn’t believe in Bitcoin or Satoshi Nakamoto‘s original vision. Even within the Bitcoin community itself, there were many who couldn’t see past Bitcoin as a “digital asset.” They kept its capacity and functionality limited and, as a result, its progress has stagnated.
That changed at the start of 2020 when Bitcoin BSV restored the Bitcoin protocol as described in Satoshi’s 2008 Bitcoin whitepaper. Satoshi described Bitcoin around that time as “a distributed timestamp server—a history of events that is chronological, auditable, and transparent.
“That provides immense business power” Mr Nguyen said.
A fusion of data and money
There are a few steps to educating people about Bitcoin, especially newcomers. The first is that Bitcoin is more than just a new form of money (the common perception out there). “It’s a fusion of data and money,” he said, a way to ascribe monetary value to data, a way to own and monetize that data. Bitcoin is also not looking to replace current monetary system, but the way they’re managed. Bitcoin’s contract and tokenization capabilities can handle any or all of the world’s existing currencies as well as tracking ownership of other assets, managing devices, and computing with on- and off-chain data.
Bitcoin is “the foundational rule set for an entire network,” and is “re-inventing the internet,” he said. It is fast and low-cost, and has incentives that discourage bad behavior. This makes human and machine engagements more honest, since they can be proven right or wrong on one ledger that everyone can trust.
As he has pointed out in previous presentations, the Bitcoin whitepaper mentions “honest” 15 times. Moreover, Bitcoin had the capabilities to do all this in its original iteration.
But to make it work, “you’ve got to scale and you’ve got to scale big.”
Scaling at low cost opens many opportunities
Before 2017, Bitcoin had the capacity to handle only around seven transactions per second. This could never achieve mass adoption, and Nguyen likened it to the original email protocol being limited to seven messages per second worldwide… and deliberately keeping it that way for years.
Even Ethereum, where many disillusioned former Bitcoiners have turned, has scaling problems. Recently its “gas” and transaction fees have hit record highs—and you can’t have a network designed for tokenization and contracts executing at scale with those sorts of costs. Bitcoin, on the other hand, had a median transaction fee of 1/100 of a U.S. cent “and we think that’s too high.” Bitcoin currently processes over 2,800 transactions per second on its mainnet, and could hit 50,000 in the near future. The Teranode enterprise-tier protocol is looking to 1TB transaction blocks, all while keeping fees low.
Bitcoin offers scalable solutions for health care, clinical research, esports and gaming, supply chains, casinos, social media, financial service, and even “regtech” (regulatory technology). It breaks down data silos that prevent reliable information being shared between platforms but putting everything on one base ledger and accessible in real-time.
Bitcoin, he stressed again, is the opposite of anti-government. It promotes honesty, openness and efficiency, and could easily be a better internet.
“You’ll see many use cases emerging,” Nguyen said near the conclusion, inviting attendees online to “see this bigger vision.” The next few days will offer plenty of those, many of which are ready or almost ready for release. Bitcoin works now, it will work even better in the future—and this has been Satoshi’s vision from the start.
Quote
Steve Shadders: Satoshi’s P2P Vision for Bitcoin is here at last
Peer-to-peer transactions were promised in the original Bitcoin plan but remain the key “missing piece” of the network, said Steve Shadders, nChain CTO and technical director of the Bitcoin SV Node project. That’s all about to change with “SPV Channels”—a new way for Bitcoin users to conduct secure P2P transactions directly between devices and still broadcast them to the network, while avoiding security pitfalls like double-spends.
Shadders continued his tradition as one of the first speakers at any CoinGeek event, giving the Technical Update at CoinGeek Live, which started in New York City and London today. He said the term “P2P transactions” was often misused, with many assuming this is the way Bitcoin transactions already happened (thanks to the white paper title).
His presentation announced three new packages: SPV Channels v1.0.0, mAPI (formerly Merchant API) v1.2, and Bitcoin SV v1.0.6, titled “Push”. All are currently in beta, Shadders noted, but said they were being released so developers would be able to “start playing with them” immediately.
P2P transactions on Bitcoin at last
The original version of Bitcoin (which Shadders described as “alpha” and “a prototype”) had the ability to send transactions to IP addresses (known as IP2IP) which was incomplete at the time and never developed properly. For this to work, a sender had to know the receiver’s IP address—something that’s usually not known and is hard to discover. A second problem: how exactly to connect to that IP and structure the transaction and manage to broadcast it to the network for confirmation, remained a problem for years.
If users are offline, or if communication is directly between devices, how can they still be broadcast to the network and transaction processors in a secure way? How could receivers be confident the sender wasn’t attempting a double-spend (sending the same coins in two different transactions) either intentionally or accidentally if a transaction wasn’t broadcast till some later point?
The SPV Channels method, as the name suggests, works hand in hand with simplified payment verification (SPV) and is an essential component in Bitcoin scaling. It’s an end-to-end messaging “nano-service” with push capability that operates over a private channel that requires only outbound connections. It’s similar to functionality in existing online messaging platforms, and Shadders likened it to IMAP email—you’ll still get all your messages even if you’re offline for a while.
He gave the following use case example. A customer and merchant find each other’s details via Paymail service discovery. The merchant then locates a processor’s (miner) mAPI via MinerID and uses it to request a fee quote. The merchant constructs a transaction and submits it to the customer, and the customer sends the transaction. The merchant then sends it to a processor via mAPI, and registers an SPV Channel URL for callbacks. This part of the process is where any double-spend attempt is detected, and the merchant is notified immediately (if online). Once the transaction is processed in a block, the processor/miner sends a merkle proof record to the SPV Channel, which the merchant keeps in their database. The merchant has the option to send that proof to the customer as well.
Shadders gave a live demonstration of SPV Channels on-stage, including a double-spend attempt which was instantly detected and flagged.
Features in all three new software releases all contribute to realizing Satoshi Nakamoto‘s original desire for a peer-to-peer transaction network, and assist with scaling. Bitcoin SV is the only blockchain transaction network with the ability to do this, while remaining legally compliant yet open, and able to scale massively at minimal cost.
Peer-to-peer transactions were promised in the original Bitcoin plan but remain the key “missing piece” of the network, said Steve Shadders, nChain CTO and technical director of the Bitcoin SV Node project. That’s all about to change with “SPV Channels”—a new way for Bitcoin users to conduct secure P2P transactions directly between devices and still broadcast them to the network, while avoiding security pitfalls like double-spends.
Shadders continued his tradition as one of the first speakers at any CoinGeek event, giving the Technical Update at CoinGeek Live, which started in New York City and London today. He said the term “P2P transactions” was often misused, with many assuming this is the way Bitcoin transactions already happened (thanks to the white paper title).
His presentation announced three new packages: SPV Channels v1.0.0, mAPI (formerly Merchant API) v1.2, and Bitcoin SV v1.0.6, titled “Push”. All are currently in beta, Shadders noted, but said they were being released so developers would be able to “start playing with them” immediately.
P2P transactions on Bitcoin at last
The original version of Bitcoin (which Shadders described as “alpha” and “a prototype”) had the ability to send transactions to IP addresses (known as IP2IP) which was incomplete at the time and never developed properly. For this to work, a sender had to know the receiver’s IP address—something that’s usually not known and is hard to discover. A second problem: how exactly to connect to that IP and structure the transaction and manage to broadcast it to the network for confirmation, remained a problem for years.
If users are offline, or if communication is directly between devices, how can they still be broadcast to the network and transaction processors in a secure way? How could receivers be confident the sender wasn’t attempting a double-spend (sending the same coins in two different transactions) either intentionally or accidentally if a transaction wasn’t broadcast till some later point?
The SPV Channels method, as the name suggests, works hand in hand with simplified payment verification (SPV) and is an essential component in Bitcoin scaling. It’s an end-to-end messaging “nano-service” with push capability that operates over a private channel that requires only outbound connections. It’s similar to functionality in existing online messaging platforms, and Shadders likened it to IMAP email—you’ll still get all your messages even if you’re offline for a while.
He gave the following use case example. A customer and merchant find each other’s details via Paymail service discovery. The merchant then locates a processor’s (miner) mAPI via MinerID and uses it to request a fee quote. The merchant constructs a transaction and submits it to the customer, and the customer sends the transaction. The merchant then sends it to a processor via mAPI, and registers an SPV Channel URL for callbacks. This part of the process is where any double-spend attempt is detected, and the merchant is notified immediately (if online). Once the transaction is processed in a block, the processor/miner sends a merkle proof record to the SPV Channel, which the merchant keeps in their database. The merchant has the option to send that proof to the customer as well.
Shadders gave a live demonstration of SPV Channels on-stage, including a double-spend attempt which was instantly detected and flagged.
Features in all three new software releases all contribute to realizing Satoshi Nakamoto‘s original desire for a peer-to-peer transaction network, and assist with scaling. Bitcoin SV is the only blockchain transaction network with the ability to do this, while remaining legally compliant yet open, and able to scale massively at minimal cost.
Quote
Transmira’s Omniscape harnesses AR Bitcoin’s ‘greater power’ for Xperiential Reality
On September 30, Transmira Inc. founder and CEO Robert Rice took the virtual stage at CoinGeek Live 2020. Rice’s presentation, “XR (Experiential Reality) Applications: Greater Power with Bitcoin SV,” explored XR—the seamless blend of augmented reality (AR) and virtual reality (VR)—and the possibilities it could create and has created, thanks to the work being done by Transmira’s Omniscape team.
On Omniscape, AR/VR experiences become business transactions, branding opportunities, and loyalty points for consumers.
Omniscape works through an app on your phone that gives the end-user a similar experience as Pokemon Go; except instead of catching pokemon, you “catch” 3D items that are offered by brands that can be redeemed for money or a discount on goods and services.
If you are looking to start using Omniscape today then you are in luck. The Transmira team has partnered with the CoinGeek Live to give conference viewers the opportunity to earn a bit of Bitcoin SV as well as vote for the hackathon winner through Omniscape.
“We built an app for the conference that will allow people to vote on the hackathon, answer some daily trivia questions about the presentations, and the highlight is an AR experience with 3D logos for each of the gold sponsors,” said Rice. “If you click on the logos, they convert into a BSV deposit into your linked BSV wallet. The amounts per object are somewhat randomized and will range from a few cents to several dollars, with multiple drops every day through the duration of the conference. Users will need to link their BSV wallet to the app using their handle.
As far as we know, this is the first time ever that 3D objects in AR are directly linked to digital currency, and a near-instant deposit into a wallet (all on-chain). It is a pretty simple experience, but the implications are huge and probably the big news item here I think. These 3D objects could just as easily be a pair of 3D Nike’s that can be collected and then redeemed at the mall for a discount on or a free pair of shoes (or any other product or special offer).”
Omniscape has the potential to change the game when it comes to advertising and marketing. With Omniscape, individuals and businesses can buy digital real estate on which they can create 3D objects that others can collect and redeem at businesses or that could simply serve as advertisements. Seeing that Pokemon Go was a hit and there was not even a monetary aspect to the game, giving brands and individuals the opportunity to offer their customers discounts and rewards through an AR/VR experience can have a significant impact on a business’s bottom line.[/color]
On September 30, Transmira Inc. founder and CEO Robert Rice took the virtual stage at CoinGeek Live 2020. Rice’s presentation, “XR (Experiential Reality) Applications: Greater Power with Bitcoin SV,” explored XR—the seamless blend of augmented reality (AR) and virtual reality (VR)—and the possibilities it could create and has created, thanks to the work being done by Transmira’s Omniscape team.
On Omniscape, AR/VR experiences become business transactions, branding opportunities, and loyalty points for consumers.
Omniscape works through an app on your phone that gives the end-user a similar experience as Pokemon Go; except instead of catching pokemon, you “catch” 3D items that are offered by brands that can be redeemed for money or a discount on goods and services.
If you are looking to start using Omniscape today then you are in luck. The Transmira team has partnered with the CoinGeek Live to give conference viewers the opportunity to earn a bit of Bitcoin SV as well as vote for the hackathon winner through Omniscape.
“We built an app for the conference that will allow people to vote on the hackathon, answer some daily trivia questions about the presentations, and the highlight is an AR experience with 3D logos for each of the gold sponsors,” said Rice. “If you click on the logos, they convert into a BSV deposit into your linked BSV wallet. The amounts per object are somewhat randomized and will range from a few cents to several dollars, with multiple drops every day through the duration of the conference. Users will need to link their BSV wallet to the app using their handle.
As far as we know, this is the first time ever that 3D objects in AR are directly linked to digital currency, and a near-instant deposit into a wallet (all on-chain). It is a pretty simple experience, but the implications are huge and probably the big news item here I think. These 3D objects could just as easily be a pair of 3D Nike’s that can be collected and then redeemed at the mall for a discount on or a free pair of shoes (or any other product or special offer).”
Omniscape has the potential to change the game when it comes to advertising and marketing. With Omniscape, individuals and businesses can buy digital real estate on which they can create 3D objects that others can collect and redeem at businesses or that could simply serve as advertisements. Seeing that Pokemon Go was a hit and there was not even a monetary aspect to the game, giving brands and individuals the opportunity to offer their customers discounts and rewards through an AR/VR experience can have a significant impact on a business’s bottom line.[/color]
Quote
Craig Wright at CoinGeek Live: ‘We want to validate the existence of a computation’
Dr. Craig S. Wright took the stage at the CoinGeek Live London studio on September 30, and gave a presentation about “Outsourced Computation on Bitcoin: How One World Blockchain Powers a New Future for Computing & Cloud System.”
Dr. Wright’s presentation addressed the efficiency of node operators and a few of the many things that are possible when nodes are operating efficiently. He also explained why Ethereum’s computational validation system is inefficient.
“We don’t want miners doing everything, we don’t want to be Ethereum,” said Dr. Wright.
The problem with Ethereum is that every node runs the computation itself to determine whether or not the computation at hand is valid. However, this is not an efficient system. “It is not about the machines,” said Dr. Wright, “it is about the outcome. We want to validate the existence of a computation, not have every single node re-do the computation to say, yes this is true and valid.”
Fortunately, Bitcoin already does this.
“[We] set up a system where we incentivize people for finding solutions and verifying that things work,” said Dr. Wright. “If your tx isn’t valid or others in the chain reject it, then you are not going to get paid.”
There is no need for every node on the network to run the computation to check for validity when we can check if the end result is valid or not. This opens up a world of opportunities when it comes to what nodes can do, or rather, the data they can verify, on the Bitcoin network.
If you missed Dr. Wright’s presentation, we recommend you watch the full video https://youtu.be/FAEoXeN0b8M?t=26771
You will also have three more opportunities to watch Dr. Wright speak at CoinGeek Live 2020.
On October 1s, Dr. Wright will be having a fireside chat with Bitcoin Association President Jimmy Nguyen about “The Importance of Bitcoin as a Timestamp Server.” On October 2nd, Dr. Wright will be giving a keynote titled “From the Internet to Bitcoin: The Digital Ledger to Advance the World’s Technology Infrastructure.” And later in the day on October 2nd, Dr. Wright will be participating in the fireside chat, “Can Satoshi Nakamoto Save the Internet & World Money” alongside technology visionary George Gilder.
Dr. Craig S. Wright took the stage at the CoinGeek Live London studio on September 30, and gave a presentation about “Outsourced Computation on Bitcoin: How One World Blockchain Powers a New Future for Computing & Cloud System.”
Dr. Wright’s presentation addressed the efficiency of node operators and a few of the many things that are possible when nodes are operating efficiently. He also explained why Ethereum’s computational validation system is inefficient.
“We don’t want miners doing everything, we don’t want to be Ethereum,” said Dr. Wright.
The problem with Ethereum is that every node runs the computation itself to determine whether or not the computation at hand is valid. However, this is not an efficient system. “It is not about the machines,” said Dr. Wright, “it is about the outcome. We want to validate the existence of a computation, not have every single node re-do the computation to say, yes this is true and valid.”
Fortunately, Bitcoin already does this.
“[We] set up a system where we incentivize people for finding solutions and verifying that things work,” said Dr. Wright. “If your tx isn’t valid or others in the chain reject it, then you are not going to get paid.”
There is no need for every node on the network to run the computation to check for validity when we can check if the end result is valid or not. This opens up a world of opportunities when it comes to what nodes can do, or rather, the data they can verify, on the Bitcoin network.
If you missed Dr. Wright’s presentation, we recommend you watch the full video https://youtu.be/FAEoXeN0b8M?t=26771
You will also have three more opportunities to watch Dr. Wright speak at CoinGeek Live 2020.
On October 1s, Dr. Wright will be having a fireside chat with Bitcoin Association President Jimmy Nguyen about “The Importance of Bitcoin as a Timestamp Server.” On October 2nd, Dr. Wright will be giving a keynote titled “From the Internet to Bitcoin: The Digital Ledger to Advance the World’s Technology Infrastructure.” And later in the day on October 2nd, Dr. Wright will be participating in the fireside chat, “Can Satoshi Nakamoto Save the Internet & World Money” alongside technology visionary George Gilder.
Quote
How Bitcoin SV provides data ledger for Internet of Things
“With data, it’s crap in, crap out,” said Daniel Keane of Predict Ecology, explaining some of the problems he’s found using existing datasets in environmental projects. Some sets are too small, short-term, or not comprehensive enough to work on useful outcomes. Keane spoke together with Paul Chiari (WeatherSV and MetaStreme) and Brendan Lee (Elas) at CoinGeek Live about using the Bitcoin SV (BSV) ledger to store massive amounts of data generated by everything Internet of Things (IoT) from pumps to trees and even cows.
The three spoke via video hookup from Cairns, Australia—a wet tropical city where having the best data on environmental conditions can make a huge difference to the local ecosystem, agriculture, and lifestyle. They explained how each project is unique, yet brought together on the BSV chain with MetaStreme to create longer-term, more useful datasets for future generations to access.
MetaStreme: the link between Big Data and the BSV chain
Chiari spoke first, giving an update on WeatherSV and the newer MetaStreme project—a system that can provides a connection between any kind of Big Data/IoT system and the BSV blockchain. This involves a database/API link for existing databases, data-generating IoT devices or applications, facilitating access to other data sources, and also arranging payment methods where they’re needed.
WeatherSV and MetaStreme have produced and process massive amounts of data on the BSV chain, and has so far been one of its heaviest users. They’ve also been a demonstration of how Big Data projects can negotiate stable fee deals with transaction processors and look for more efficient ways to handle them. MetaStreme devised a process to batch multiple outputs into a single input, something Chiari said reduced daily transactions by 70%.
MetaStreme has worked mainly with environmental and agricultural projects so far, given Chiari’s location and background. However it’s capable of processing data streams on the BSV blockchain for any kind of data-generating project. One demonstration Chiari mentioned was tracking Kanye West’s presidential campaign. At its peak, Kanye2020 was hitting 2,847 transactions per second.
MetaStreme has also recently worked with Eli Afram on a project call “b-vote,” building a blockchain-based transparent voting system.
“BSV is the only protocol that’s up to the task,” he said, however, “unbounded scale means we always stay head of demand.”
Conifers and Cassowaries in Cairns: Predict Ecology
Ecologist Daniel Keane talked about Predict Ecology, a company he founded to measure and track something he called “natural capital”—a term to describe the value of an ecosystem that includes the people, plants and wildlife living in and around it.
“Data streams can demonstrate improved environmental services and function,” he said.
Each impacts the other and it’s necessary to gather as much information about all this as possible. Keane gave the examples of Southern Conifers, a local tree that can live for over a thousand years, and Cassowaries, a large and flightless native bird. His system looks at the trees’ growth rate and the birds’ habitat, measuring impact of external factors like carbon dioxide. Where there is a negative impact, with reliable data there’s more hope of the ecosystem being restored.
By using BSV Predict Ecology can tokenize individual trees and track their condition. A project he’s working on with the Cairns City Council has already audited 30% of all trees in the city (being tropical, Cairns has a lot more trees than most urban centers).
The data Predict Ecology gathers can be validated, referenced, and audited all in the one place. “It’s a combined dataset of natural capital on the BSV ledger,” he said.
As an ecologist, Keane said he really missed having datasets that covered longer periods of time. However, by processing and storing it all on the Bitcoin BSV blockchain, “my grandchildren will be able to use this.”
Gathering data from IoT devices, and sending it back
Another company with ties to MetaStreme and Predict Ecology—but with the ability to handle anything else—is Elas Digital. Founder Brendan Lee made several announcements about the company, which recently acquired Darren Kellenschwiler’s Probatus (Baemail, ProDesk) and is working on a prototype gold-backed currency token with Amleh Gold.
Lee described how Elas handles data from “Internet of Things” (IoT) devices. The first, called Node RED, is a control system management tool that loads software onto the devices and creates a link between then and the BSV chain using tokens and “Bitcoin state machines.”
The demonstration model handled a pump/tank control system. It controls the state of tokens created using input data from each piece of equipment. Using the state machine described above, it then pushes instructions back to the physical equipment to control their function.
Lee also talked about “Moovement,” a food provenance system that tracks a cow’s entire lifespan (and a period of time after it). A GPS-enabled tag attached to the cow’s ear tracks its movement, food, health condition and medical treatments at the farm. After the cow is “processed” and turned into beef, that data is used to generate a report than can then be attached to the product a customer buys in the supermarket. Scanning a QR code gives a full history of the cow’s life—thus guaranteeing more confidence in the food people eat.
Elas is also working on a carbon credit trading system using BSV tokens. “Carbon is a valuable commodity today,”,he said, describing how those with lower outputs can trade their credits on an exchange by selling them to higher CO2 emitters. This is connected to Predict Ecology’s urban trees project, using them as a “carbon abatement resource.” Elas is currently looking at a project in cooperation with the Cairns City Council, and Lee estimated at least $400,000 worth of carbon credits could be traded on the system every year.
Most of the data-generating systems described here cover environmental and political concerns, but the same processes and BSV links could apply to anything that relies on large amounts of data to produce “less crap” outcomes in the future.
IoT devices large and small continue to proliferate. There are 9 billion of them in the world now, and Chiari said estimates predict 13.8 billion by 2024. Something needs to handle all this information, all in one place to avoid silos, and make it auditable. BSV allows all this and can create new economies with data marketplaces—all traceable and auditable, forever.
“With data, it’s crap in, crap out,” said Daniel Keane of Predict Ecology, explaining some of the problems he’s found using existing datasets in environmental projects. Some sets are too small, short-term, or not comprehensive enough to work on useful outcomes. Keane spoke together with Paul Chiari (WeatherSV and MetaStreme) and Brendan Lee (Elas) at CoinGeek Live about using the Bitcoin SV (BSV) ledger to store massive amounts of data generated by everything Internet of Things (IoT) from pumps to trees and even cows.
The three spoke via video hookup from Cairns, Australia—a wet tropical city where having the best data on environmental conditions can make a huge difference to the local ecosystem, agriculture, and lifestyle. They explained how each project is unique, yet brought together on the BSV chain with MetaStreme to create longer-term, more useful datasets for future generations to access.
MetaStreme: the link between Big Data and the BSV chain
Chiari spoke first, giving an update on WeatherSV and the newer MetaStreme project—a system that can provides a connection between any kind of Big Data/IoT system and the BSV blockchain. This involves a database/API link for existing databases, data-generating IoT devices or applications, facilitating access to other data sources, and also arranging payment methods where they’re needed.
WeatherSV and MetaStreme have produced and process massive amounts of data on the BSV chain, and has so far been one of its heaviest users. They’ve also been a demonstration of how Big Data projects can negotiate stable fee deals with transaction processors and look for more efficient ways to handle them. MetaStreme devised a process to batch multiple outputs into a single input, something Chiari said reduced daily transactions by 70%.
MetaStreme has worked mainly with environmental and agricultural projects so far, given Chiari’s location and background. However it’s capable of processing data streams on the BSV blockchain for any kind of data-generating project. One demonstration Chiari mentioned was tracking Kanye West’s presidential campaign. At its peak, Kanye2020 was hitting 2,847 transactions per second.
MetaStreme has also recently worked with Eli Afram on a project call “b-vote,” building a blockchain-based transparent voting system.
“BSV is the only protocol that’s up to the task,” he said, however, “unbounded scale means we always stay head of demand.”
Conifers and Cassowaries in Cairns: Predict Ecology
Ecologist Daniel Keane talked about Predict Ecology, a company he founded to measure and track something he called “natural capital”—a term to describe the value of an ecosystem that includes the people, plants and wildlife living in and around it.
“Data streams can demonstrate improved environmental services and function,” he said.
Each impacts the other and it’s necessary to gather as much information about all this as possible. Keane gave the examples of Southern Conifers, a local tree that can live for over a thousand years, and Cassowaries, a large and flightless native bird. His system looks at the trees’ growth rate and the birds’ habitat, measuring impact of external factors like carbon dioxide. Where there is a negative impact, with reliable data there’s more hope of the ecosystem being restored.
By using BSV Predict Ecology can tokenize individual trees and track their condition. A project he’s working on with the Cairns City Council has already audited 30% of all trees in the city (being tropical, Cairns has a lot more trees than most urban centers).
The data Predict Ecology gathers can be validated, referenced, and audited all in the one place. “It’s a combined dataset of natural capital on the BSV ledger,” he said.
As an ecologist, Keane said he really missed having datasets that covered longer periods of time. However, by processing and storing it all on the Bitcoin BSV blockchain, “my grandchildren will be able to use this.”
Gathering data from IoT devices, and sending it back
Another company with ties to MetaStreme and Predict Ecology—but with the ability to handle anything else—is Elas Digital. Founder Brendan Lee made several announcements about the company, which recently acquired Darren Kellenschwiler’s Probatus (Baemail, ProDesk) and is working on a prototype gold-backed currency token with Amleh Gold.
Lee described how Elas handles data from “Internet of Things” (IoT) devices. The first, called Node RED, is a control system management tool that loads software onto the devices and creates a link between then and the BSV chain using tokens and “Bitcoin state machines.”
The demonstration model handled a pump/tank control system. It controls the state of tokens created using input data from each piece of equipment. Using the state machine described above, it then pushes instructions back to the physical equipment to control their function.
Lee also talked about “Moovement,” a food provenance system that tracks a cow’s entire lifespan (and a period of time after it). A GPS-enabled tag attached to the cow’s ear tracks its movement, food, health condition and medical treatments at the farm. After the cow is “processed” and turned into beef, that data is used to generate a report than can then be attached to the product a customer buys in the supermarket. Scanning a QR code gives a full history of the cow’s life—thus guaranteeing more confidence in the food people eat.
Elas is also working on a carbon credit trading system using BSV tokens. “Carbon is a valuable commodity today,”,he said, describing how those with lower outputs can trade their credits on an exchange by selling them to higher CO2 emitters. This is connected to Predict Ecology’s urban trees project, using them as a “carbon abatement resource.” Elas is currently looking at a project in cooperation with the Cairns City Council, and Lee estimated at least $400,000 worth of carbon credits could be traded on the system every year.
Most of the data-generating systems described here cover environmental and political concerns, but the same processes and BSV links could apply to anything that relies on large amounts of data to produce “less crap” outcomes in the future.
IoT devices large and small continue to proliferate. There are 9 billion of them in the world now, and Chiari said estimates predict 13.8 billion by 2024. Something needs to handle all this information, all in one place to avoid silos, and make it auditable. BSV allows all this and can create new economies with data marketplaces—all traceable and auditable, forever.
Quote
Re-imagining modern finance on Bitcoin SV blockchain at CoinGeek Live
We live in a world governed by financial systems skewed to benefit the few at the expense of the many. While modern technology is gradually changing these systems, we are still a long way from living in an equitable society. But what if Bitcoin could finally usher in a new era of opportunity and equality? The Bayesian Group has been working on solutions for the broken financial system and they shared their journey during the presentation at CoinGeek Live.
Bayesian’s chief visionary Roy Bernhard took to the virtual stage on Day 2, aided by the senior director of enablement Casandra Cook who was live in the Kennington Studios in London.
The Bayesian Group has been working on “consumer-first, transparent solutions built on Bitcoin SV,” in line with its mission of furthering positive change by transforming the fabric of our global systems.
“We are not waiting for people to tell us what their problems are, we are solving problems people don’t even know they have. We are doing this in a transparent way driven by the right moral compass,” Cook stated.
Cook took the audience through the challenges of the current financial system and why it’s imperative to find a better solution now. They include being inefficient and with high unnecessary overheads, over-complicated, geographically constrained and technologically outdated. This system is also inaccessible, with over 1.7 billion unable to access basic financial services globally.
Bayesian’s solution is the creation of fabriik, a token platform where users can mint and trade tokens on Bitcoin SV. This interconnected system will allow its uses to transform, hold, trade and grow every asset they own. Being protocol agnostic, fabriik allows engineers to focus on building protocols that are suited for anything, from generic to highly-specialized use cases.
Bayesian is also building an interconnected marketplace for the future, bound together by fabriik. The marketplace will bring together a global spot and derivatives exchange, qualified custodians, market makers and global funds. Bernhard invited any interested company to provide competing products and services in the marketplace and carve out its market share.
“Our marketplace comes with a custodian. Have a better one? Amazing. Come and join and win over the market share. Or better yet, partner with us and let’s create custodial solutions the world has never seen before. […] We believe in healthy competition with the same energy we believe in collaboration.”
We live in a world governed by financial systems skewed to benefit the few at the expense of the many. While modern technology is gradually changing these systems, we are still a long way from living in an equitable society. But what if Bitcoin could finally usher in a new era of opportunity and equality? The Bayesian Group has been working on solutions for the broken financial system and they shared their journey during the presentation at CoinGeek Live.
Bayesian’s chief visionary Roy Bernhard took to the virtual stage on Day 2, aided by the senior director of enablement Casandra Cook who was live in the Kennington Studios in London.
The Bayesian Group has been working on “consumer-first, transparent solutions built on Bitcoin SV,” in line with its mission of furthering positive change by transforming the fabric of our global systems.
“We are not waiting for people to tell us what their problems are, we are solving problems people don’t even know they have. We are doing this in a transparent way driven by the right moral compass,” Cook stated.
Cook took the audience through the challenges of the current financial system and why it’s imperative to find a better solution now. They include being inefficient and with high unnecessary overheads, over-complicated, geographically constrained and technologically outdated. This system is also inaccessible, with over 1.7 billion unable to access basic financial services globally.
Bayesian’s solution is the creation of fabriik, a token platform where users can mint and trade tokens on Bitcoin SV. This interconnected system will allow its uses to transform, hold, trade and grow every asset they own. Being protocol agnostic, fabriik allows engineers to focus on building protocols that are suited for anything, from generic to highly-specialized use cases.
Bayesian is also building an interconnected marketplace for the future, bound together by fabriik. The marketplace will bring together a global spot and derivatives exchange, qualified custodians, market makers and global funds. Bernhard invited any interested company to provide competing products and services in the marketplace and carve out its market share.
“Our marketplace comes with a custodian. Have a better one? Amazing. Come and join and win over the market share. Or better yet, partner with us and let’s create custodial solutions the world has never seen before. […] We believe in healthy competition with the same energy we believe in collaboration.”
Quote
Bitcoin experts discuss state of BSV tokens
We hear a lot about “tokens on BSV.” But what is a token? What are they used for, and by whom? How should they be made? The idea has been around as long as Bitcoin itself, but hasn’t fulfilled its potential. A panel representing some of the most experienced thinkers in the space discussed these issues at CoinGeek Live this week to give everyone a better idea of how this could happen.
The panel consisted of: moderator Jimmy Nguyen, James Belding of Tokenized, Steve Shadders of nChain, TAAL CEO Jerry Chan, Ryan X. Charles, Omniscape founder Robert Rice, and Stephan Nilsson of UNISOT. Notably, there were several different opinions on how exactly tokenization should happen—yet all agreed BSV was the only blockchain capable of performing the task.
What’s a token, anyway?
To put it (way too) simply, a token is a digital entity representing ownership of something else. It might be a physical asset, or another digital item, or a concept. The important thing is that its ownership and the definition of what the token represents is processed on the blockchain, and that ownership can be traced back to the transaction that originally created it.
Too often, the word “token” has come to mean something traded on an exchange (usually for other digital assets). The rush to create tokens with little utility other than to raise speculative value for their holders tarnished the word somewhat. However, using Bitcoin tokens is a long-discussed concept, from the days of Colored Coins, Mastercoin and CounterParty. There are still a few odd collectibles around today—after all, the blockchain lives forever.
Nilsson said a token was “a smart digital twin.” His company UNISOT isn’t so much in the business of creating tokens but rather solutions for using them. He referred to “behind the scenes” tokens, performing functions that aren’t always visible.
Where are all the BSV tokens?
We hear so much about tokenization on BSV… so where are all the tokens? Nguyen asked. “People are itching for tradeable tokens,” he said, referring to RelayX’s recent launch of the USDC stablecoin.
Shadders said USDC was indeed “bringing something new to BSV,” and that time would tell if it gains adoption. He too talked about tokens working more behind the scenes, performing their tasks mostly in the background, in mundane business processes.
So far, said Belding, most tokens have been “toys” and/or “scammy”. “The value a token provides isn’t necessarily financial.” A tokens mostly tracks other information, he added, and said not to worry because BSV tokenization is only just getting going.
Rice called the idea a “fertile and untapped ground,” adding that he was a newcomer to this particular scene and was thinking of ways data could be manipulated in 3D environments, which Omniscape is busy developing.
Charles said he was just fine with the pace of development on BSV. He doesn’t think it’s moving too slowly at all, and in fact “the rest of the crypto industry is moving very quickly… in the wrong direction.” In any case, he sees his competition as companies like Nasdaq, not other blockchains.
On that note, Shadders said he’d been speaking to a lot of people with existing projects, but who’d been working on Ethereum. They know it can’t scale, he said, and they want what they’re doing to be legal. They see what’s happening in BSV and turn to people there for advice. “Most of them understand what a legal hole they’ve got themselves into,” he said, and that 95% of the tokens out there already have neither value nor utility.
Layer Zero, Layer One, Layer Two
A hot topic in the discussion centered on how tokens should best be constructed. There’s “Layer Zero” (using actual Satoshi units as tokens), “Layer One” (where all token processes are recorded as transactions on the BSV chain) and “Layer Two” (where most of the logic is performed by an external platform, such as Tokenized, and only status changes are logged on-chain as proof).
Belding, not surprisingly since Tokenized is a Layer Two (L2) platform, said there were lots of great designs out there. A token platform needs to be simple and easy to use, as well as flexible.
L2 meant more flexibility, he said. You can add or remove oracles, freeze or confiscate tokens more easily, and perform bug fixes and upgrades whenever necessary. With L1 that’s all possible, but difficult with the level of Bitcoin Script expertise currently available. L1 also presented the problem of what happens when someone’s private key is compromised—you’d need to swap out the keys and reissue every single token related to it, incurring huge costs and inconvenience. L2 is more usable and efficient in the business world, he said.
Chan agreed that L0/L1 tokens could have the same functionality as L2, but it was more complex and required specific skills. He said lower level tokens were more like an operating system or code like HTML, while L2 was “more like a disk, where you store information.”
It would depend on the size of the token’s user base, he said. However, “for true scalability, the only solution we know is Bitcoin UTXOs.” Direct BSV solutions would also always work, whereas L2 solutions relied on the platform provider still existing as long as the tokens were required.
Charles said Bitcoin Script is “the predicate” lying underneath everything else, and that his company (Money Button, which was recently acquired to join Fabriik) remained agnostic on preference.
Most agreed the options weren’t mutually exclusive, and there’s plenty of room for L0, L1 and L2 to interact, with users picking and choosing options depending on their needs. “Let the market decide”, said Shadders, adding that nChain is in the unusual position of having invented L1 tokenization while working more with companies on L2 solutions.
They also agreed there should be some kind of official standard, to guarantee interoperability and to ensure tokens still worked even if a L2 provider went away.
“Sometimes great complexity is required to provide simplicity,” Belding said. For example, there’s governance rules—they’re complicated to write, but need to be easy for users to understand and manage.
At the end of the day, none of this matter if no-one uses BSV so mass adoption should be a priority for anyone building tokenized systems. The panel said it was important for businesses to compete for customers, but cooperate and agree on more fundamental things like standards and promoting benefits. What matters most is the message that tokenization has potential, yet it can only work on Bitcoin BSV. Only the BSV network has the ability to handle the data at scale, and process it all in a cost-effective and efficient manner.
We hear a lot about “tokens on BSV.” But what is a token? What are they used for, and by whom? How should they be made? The idea has been around as long as Bitcoin itself, but hasn’t fulfilled its potential. A panel representing some of the most experienced thinkers in the space discussed these issues at CoinGeek Live this week to give everyone a better idea of how this could happen.
The panel consisted of: moderator Jimmy Nguyen, James Belding of Tokenized, Steve Shadders of nChain, TAAL CEO Jerry Chan, Ryan X. Charles, Omniscape founder Robert Rice, and Stephan Nilsson of UNISOT. Notably, there were several different opinions on how exactly tokenization should happen—yet all agreed BSV was the only blockchain capable of performing the task.
What’s a token, anyway?
To put it (way too) simply, a token is a digital entity representing ownership of something else. It might be a physical asset, or another digital item, or a concept. The important thing is that its ownership and the definition of what the token represents is processed on the blockchain, and that ownership can be traced back to the transaction that originally created it.
Too often, the word “token” has come to mean something traded on an exchange (usually for other digital assets). The rush to create tokens with little utility other than to raise speculative value for their holders tarnished the word somewhat. However, using Bitcoin tokens is a long-discussed concept, from the days of Colored Coins, Mastercoin and CounterParty. There are still a few odd collectibles around today—after all, the blockchain lives forever.
Nilsson said a token was “a smart digital twin.” His company UNISOT isn’t so much in the business of creating tokens but rather solutions for using them. He referred to “behind the scenes” tokens, performing functions that aren’t always visible.
Where are all the BSV tokens?
We hear so much about tokenization on BSV… so where are all the tokens? Nguyen asked. “People are itching for tradeable tokens,” he said, referring to RelayX’s recent launch of the USDC stablecoin.
Shadders said USDC was indeed “bringing something new to BSV,” and that time would tell if it gains adoption. He too talked about tokens working more behind the scenes, performing their tasks mostly in the background, in mundane business processes.
So far, said Belding, most tokens have been “toys” and/or “scammy”. “The value a token provides isn’t necessarily financial.” A tokens mostly tracks other information, he added, and said not to worry because BSV tokenization is only just getting going.
Rice called the idea a “fertile and untapped ground,” adding that he was a newcomer to this particular scene and was thinking of ways data could be manipulated in 3D environments, which Omniscape is busy developing.
Charles said he was just fine with the pace of development on BSV. He doesn’t think it’s moving too slowly at all, and in fact “the rest of the crypto industry is moving very quickly… in the wrong direction.” In any case, he sees his competition as companies like Nasdaq, not other blockchains.
On that note, Shadders said he’d been speaking to a lot of people with existing projects, but who’d been working on Ethereum. They know it can’t scale, he said, and they want what they’re doing to be legal. They see what’s happening in BSV and turn to people there for advice. “Most of them understand what a legal hole they’ve got themselves into,” he said, and that 95% of the tokens out there already have neither value nor utility.
Layer Zero, Layer One, Layer Two
A hot topic in the discussion centered on how tokens should best be constructed. There’s “Layer Zero” (using actual Satoshi units as tokens), “Layer One” (where all token processes are recorded as transactions on the BSV chain) and “Layer Two” (where most of the logic is performed by an external platform, such as Tokenized, and only status changes are logged on-chain as proof).
Belding, not surprisingly since Tokenized is a Layer Two (L2) platform, said there were lots of great designs out there. A token platform needs to be simple and easy to use, as well as flexible.
L2 meant more flexibility, he said. You can add or remove oracles, freeze or confiscate tokens more easily, and perform bug fixes and upgrades whenever necessary. With L1 that’s all possible, but difficult with the level of Bitcoin Script expertise currently available. L1 also presented the problem of what happens when someone’s private key is compromised—you’d need to swap out the keys and reissue every single token related to it, incurring huge costs and inconvenience. L2 is more usable and efficient in the business world, he said.
Chan agreed that L0/L1 tokens could have the same functionality as L2, but it was more complex and required specific skills. He said lower level tokens were more like an operating system or code like HTML, while L2 was “more like a disk, where you store information.”
It would depend on the size of the token’s user base, he said. However, “for true scalability, the only solution we know is Bitcoin UTXOs.” Direct BSV solutions would also always work, whereas L2 solutions relied on the platform provider still existing as long as the tokens were required.
Charles said Bitcoin Script is “the predicate” lying underneath everything else, and that his company (Money Button, which was recently acquired to join Fabriik) remained agnostic on preference.
Most agreed the options weren’t mutually exclusive, and there’s plenty of room for L0, L1 and L2 to interact, with users picking and choosing options depending on their needs. “Let the market decide”, said Shadders, adding that nChain is in the unusual position of having invented L1 tokenization while working more with companies on L2 solutions.
They also agreed there should be some kind of official standard, to guarantee interoperability and to ensure tokens still worked even if a L2 provider went away.
“Sometimes great complexity is required to provide simplicity,” Belding said. For example, there’s governance rules—they’re complicated to write, but need to be easy for users to understand and manage.
At the end of the day, none of this matter if no-one uses BSV so mass adoption should be a priority for anyone building tokenized systems. The panel said it was important for businesses to compete for customers, but cooperate and agree on more fundamental things like standards and promoting benefits. What matters most is the message that tokenization has potential, yet it can only work on Bitcoin BSV. Only the BSV network has the ability to handle the data at scale, and process it all in a cost-effective and efficient manner.
Quote
CoinGeek Live 2020 will bring the Bitcoin conference to a close, with a jam-packed schedule of speakers and industry-specific presentations.
The day gets underway with opening remarks from Bitcoin Foundation Founding President Jimmy Nguyen, on Making Bitcoin Easy to Use for Everyone. Nguyen is joined by Alex Agut and Rafa Jiménez Seibane of HandCash to look at how Bitcoin SV (BSV) is to become more usable in payments for mainstream consumer markets.
Nguyen is then joined by John Brackens (Esports Entertainment Group) Adam Kling (Kronoverse) and Rahul Sood (Unikrn) to look at esports and the role of BSV in improving the emerging esports industry thanks to its capacity for mass scale.
Cashless casinos and iGaming is the focus of the session immediately afterwards, where Nguyen is joined by Matthew Dickson, co-founder & CEO of BitBoss; Ed Andrewes, CEO of Resorts Digital Gaming; Stephen Crystal, CEO of SCCG Management; and Eric Bowers, VP of Architecture & Innovation at Boyd Gaming.
The iGaming theme extends into the next session titled ‘iGaming Future: How the Bitcoin Blockchain Can Power More Efficiency and Transparency Across the Industry’s Value Chain’, with a new lineup featuring Phillip Runyan (CEO, Hold Gaming) and Sam Brown (COO, Hero Gaming) among others to discuss how BSV is shaping the future of online gambling.
Intellectual property is next on the agenda with a look at how BSV is securing IP rights, before a live Q&A from Switzerland, focusing on the successes of the country’s Crypto Valley in Zug. This leads in perfectly to the first keynote speech of the day from Dr. Craig S. Wright.
The afternoon looks increasingly at issues of compliance, with a session on KYC on the blockchain, before tools and tips for global compliance for digital currency businesses. This is followed by a session on investing in BSV businesses, before the winners of the 3rd Bitcoin SV Hackathon are announced.
The event culminates in a keynote from economist and writer George Gilder on whether Bitcoin can save the Internet, and the function of money.
CoinGeek Live 2020 Day 3. Re live: https://www.youtube.com/watch?v=cGcz1LLXMJY
The day gets underway with opening remarks from Bitcoin Foundation Founding President Jimmy Nguyen, on Making Bitcoin Easy to Use for Everyone. Nguyen is joined by Alex Agut and Rafa Jiménez Seibane of HandCash to look at how Bitcoin SV (BSV) is to become more usable in payments for mainstream consumer markets.
Nguyen is then joined by John Brackens (Esports Entertainment Group) Adam Kling (Kronoverse) and Rahul Sood (Unikrn) to look at esports and the role of BSV in improving the emerging esports industry thanks to its capacity for mass scale.
Cashless casinos and iGaming is the focus of the session immediately afterwards, where Nguyen is joined by Matthew Dickson, co-founder & CEO of BitBoss; Ed Andrewes, CEO of Resorts Digital Gaming; Stephen Crystal, CEO of SCCG Management; and Eric Bowers, VP of Architecture & Innovation at Boyd Gaming.
The iGaming theme extends into the next session titled ‘iGaming Future: How the Bitcoin Blockchain Can Power More Efficiency and Transparency Across the Industry’s Value Chain’, with a new lineup featuring Phillip Runyan (CEO, Hold Gaming) and Sam Brown (COO, Hero Gaming) among others to discuss how BSV is shaping the future of online gambling.
Intellectual property is next on the agenda with a look at how BSV is securing IP rights, before a live Q&A from Switzerland, focusing on the successes of the country’s Crypto Valley in Zug. This leads in perfectly to the first keynote speech of the day from Dr. Craig S. Wright.
The afternoon looks increasingly at issues of compliance, with a session on KYC on the blockchain, before tools and tips for global compliance for digital currency businesses. This is followed by a session on investing in BSV businesses, before the winners of the 3rd Bitcoin SV Hackathon are announced.
The event culminates in a keynote from economist and writer George Gilder on whether Bitcoin can save the Internet, and the function of money.
CoinGeek Live 2020 Day 3. Re live: https://www.youtube.com/watch?v=cGcz1LLXMJY
Quote
CoinGeek Live 2020: Reinventing the Internet with Bitcoin SV
The existing Internet model is broken, this much is clear. Bitcoin SV (BSV) has given developers globally the opportunity to reinvent the Internet and fix this broken model. Three of the most innovative startups leading this revolution took the virtual stage on Day 2 of CoinGeek Live to discuss how BSV has enabled new models for digital media and user content.
Twetch has been one of the most successful BSV startups, attracting interest from tens of thousands of users who want to own their data on social media. Twetch cofounder Billy Rose was one of the panelists, explaining how his startup is taking on Twitter and Facebook.
“We believe we have found the solution to all the Internet’s problems,” Rose said.
He was joined on stage by Luke Rohenaz, the CEO and founder of TonicPow, a startup using Bitcoin SV to transform advertising. TonicPow emerged as the first runner-up in the first Bitcoin SV Hackathon in May last year and has continued to build on this success.
The third panelist was Connor Murray, the CEO of True Reviews, a Bitcoin-powered review system.
One of the biggest flaws in the existing Internet model is how a few companies continue to profit from content created by their users. The three companies have been working to change this, allowing their users to earn from their content.
“A lot of these big companies in Silicon Valley profit from their users’ time and energy. The value that users create for the platforms only benefits a few individuals,” Murray said.
The three platforms are currently challenging legacy companies that have existed for decades in social media, online reviews and advertising. For True Reviews, Murray believes that partnering with these rivals could be beneficial and it would bring in more people to Bitcoin.
For Twetch, Rose doesn’t see any partnership with Twitter, Google, Facebook or other tech giants in the near future.
“Our goal is to flip the Internet inside out. We don’t have much interest in working with them unless it benefits us in some way. […] While Bitcoin and Twetch’s business model would benefit the users of these companies, it would require a complete overhaul for them to integrate Bitcoin,” he explained.
Beyond empowering the users, Bitcoin-powered platforms have also been solving the issue of misinformation. In an era that’s rife with fake news and bot-generated and curated content, Bitcoin is finally providing a solution.
With existing centralized platform, the power of content curation is bestowed upon a central party. However, with Bitcoin, such authority is decentralized, “allowing the people who think that they have the most important content and the people who give that content attention” to push that content to the top, Rose explained.
The three panelists also shared their plans for the future. Rose revealed that Twetch had just released its desktop app, just weeks after releasing Twetch Chat, an encrypted messaging service. The team is currently working on a mobile app, Rose revealed. True Reviews will also be getting a new look and a new name in the near future, Murray told the audience.
“More people need to realize that this whole Bitcoin movement is a fight for your life, for your digital citizenship, to have ownership over everything you create on the Internet. We have to take back what’s ours on the Internet,” Rose concluded.
https://www.youtube.com/watch?v=FIgesLz9LTc&feature=youtu.be
Souce is: https://coingeek.com/coingeek-live-2020-reinventing-the-internet-with-bitcoin-sv/ thanks to Steve KaaruThe existing Internet model is broken, this much is clear. Bitcoin SV (BSV) has given developers globally the opportunity to reinvent the Internet and fix this broken model. Three of the most innovative startups leading this revolution took the virtual stage on Day 2 of CoinGeek Live to discuss how BSV has enabled new models for digital media and user content.
Twetch has been one of the most successful BSV startups, attracting interest from tens of thousands of users who want to own their data on social media. Twetch cofounder Billy Rose was one of the panelists, explaining how his startup is taking on Twitter and Facebook.
“We believe we have found the solution to all the Internet’s problems,” Rose said.
He was joined on stage by Luke Rohenaz, the CEO and founder of TonicPow, a startup using Bitcoin SV to transform advertising. TonicPow emerged as the first runner-up in the first Bitcoin SV Hackathon in May last year and has continued to build on this success.
The third panelist was Connor Murray, the CEO of True Reviews, a Bitcoin-powered review system.
One of the biggest flaws in the existing Internet model is how a few companies continue to profit from content created by their users. The three companies have been working to change this, allowing their users to earn from their content.
“A lot of these big companies in Silicon Valley profit from their users’ time and energy. The value that users create for the platforms only benefits a few individuals,” Murray said.
The three platforms are currently challenging legacy companies that have existed for decades in social media, online reviews and advertising. For True Reviews, Murray believes that partnering with these rivals could be beneficial and it would bring in more people to Bitcoin.
For Twetch, Rose doesn’t see any partnership with Twitter, Google, Facebook or other tech giants in the near future.
“Our goal is to flip the Internet inside out. We don’t have much interest in working with them unless it benefits us in some way. […] While Bitcoin and Twetch’s business model would benefit the users of these companies, it would require a complete overhaul for them to integrate Bitcoin,” he explained.
Beyond empowering the users, Bitcoin-powered platforms have also been solving the issue of misinformation. In an era that’s rife with fake news and bot-generated and curated content, Bitcoin is finally providing a solution.
With existing centralized platform, the power of content curation is bestowed upon a central party. However, with Bitcoin, such authority is decentralized, “allowing the people who think that they have the most important content and the people who give that content attention” to push that content to the top, Rose explained.
The three panelists also shared their plans for the future. Rose revealed that Twetch had just released its desktop app, just weeks after releasing Twetch Chat, an encrypted messaging service. The team is currently working on a mobile app, Rose revealed. True Reviews will also be getting a new look and a new name in the near future, Murray told the audience.
“More people need to realize that this whole Bitcoin movement is a fight for your life, for your digital citizenship, to have ownership over everything you create on the Internet. We have to take back what’s ours on the Internet,” Rose concluded.
https://www.youtube.com/watch?v=FIgesLz9LTc&feature=youtu.be
Quote
BSV Hackathon 2020
There were 3 finalists for the BSV Hackathon 2020 the competitors had different projects all very interesting:
https://play.google.com/store/apps/details?id=com.transmira.coingeek&hl=fr
There were 3 finalists for the BSV Hackathon 2020 the competitors had different projects all very interesting:
Quote
The first finalist is RepZip, a project that seeks to finally solve the online identity challenge that has been the Achilles heel for Internet applications for the past two decades. Integrating with PayMail, RepZip not only offers digital identities but also verifiable credentials and on-chain contracts.
The second finalist, STOTASK is integrating Bitcoin into machine learning. The platform allows users to earn micropayments in Bitcoin SV for adding information to data tags. This integration of human assistance in machine learning will be critical in the long run as it will allow machines to better understand data classification.
The third finalist, Kyrt allows its users to integrate any application with the Bitcoin blockchain and in doing so, enables the storage, sending and monetizing of this data.
Whichever project you’re backing for the top prize, make sure to download the CoinGeek Conference app and cast your vote now.
The second finalist, STOTASK is integrating Bitcoin into machine learning. The platform allows users to earn micropayments in Bitcoin SV for adding information to data tags. This integration of human assistance in machine learning will be critical in the long run as it will allow machines to better understand data classification.
The third finalist, Kyrt allows its users to integrate any application with the Bitcoin blockchain and in doing so, enables the storage, sending and monetizing of this data.
Whichever project you’re backing for the top prize, make sure to download the CoinGeek Conference app and cast your vote now.
https://play.google.com/store/apps/details?id=com.transmira.coingeek&hl=fr
It was possible to vote on the CoinGeek application specially created for the event, in addition to some drops distributed, it was especially possible to interact with augmented reality live, it was great interaction!
CoinGeek Re-Live - Day 1 https://youtu.be/FAEoXeN0b8M
CoinGeek Re-Live - Day 2 https://www.youtube.com/watch?v=FIgesLz9LTc
CoinGeek Re-Live - Day 3 https://www.youtube.com/watch?v=cGcz1LLXMJY
More amazing summary articles from Coingeek Live are available here: https://coingeek.com/news/category/events/ https://coingeek.com/news/category/events/