Events 10 months ago

Stephanie Tower

Blockchain and Bitcoin Conference Philippines 2018 summary

The recently concluded Blockchain and Bitcoin Conference Philippines 2018 was held at the Marquee Hall of the Shangri-La in Manila. This event has brought together over 350 enthusiasts and specialists of cryptocurrencies and blockchain technologies from the Philippines and other countries around the globe.

A first in the country by event producer Smile Expo, this conference has created an opportunity for the crypto currency communities to network, and for experts for to share their experiences into integrating the blockchain technology into various business sectors.

Zach Piester, co-founder of Intrepid Ventures, opened the sessions with understanding the basics – what bitcoin is, how blockchain technology works, and the risks that come with Initial Coin Offerings (ICOs).

Piester also encouraged those who plan to integrate blockchain and cryptocurrencies into their businesses to think of the importance of user interface and customer experience. Thus, he shared how businesses should give value to the role of designers, not just developers.

A number of speakers have touched on the topic of ICOs and tokens, and these have become the center of queries among the participants too.

Only the rose among the thorns, Nithinan Boonyawattanapisut, CEO and Founder of Hotnow, ran down the ways to identify quality ICOs during her session. She included the red flags every ICO enthusiast should look into such as:

1. Too much of minted coin is reserved for the team
2. The White paper focuses more on the potential appreciation of token
3. There is no underlying economy to drive demand

Moderator and speaker Jimmy Nguyen, CEO of the nChain Group, had the most interesting and engaging session during the conference by opening up to the audience the idea of the bitcoin commerce (bComm) world. He discussed how the ecommerce sector will change with the emergence of cryptocurrency and how it will move to bComm.

Nguyen pointed out one of the five keys for this to be achieved is thru sensible regulation. He brought up how a lot of people in the crypto community are afraid of law and regulation. “The reality is you can’t regulate the network because it’s decentralized but all of the companies including people in this room who operate businesses interfacing with Bitcoin and real life consumers, I’m going to tell you, regulation is coming and it’s OK. You should be thankful for it, [as] it would normalize and support the industry,” he stated.

To learn more about blockchain and the latest crptyo news, subscribe to Coingeek.com.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

COMMENT

Add a Comment

lastest news

Jimmy Nguyen lays out four pillars of Bitcoin SV at World Digital Assets Summit

Events 6 hours ago

Jimmy Nguyen lays out four pillars of Bitcoin SV at World Digital Assets Summit

nChain CEO Jimmy Nguyen delivered a keynote speech at the World Digital Assets Summit (WDAS) Tuesday in San Francisco. In his presentation, he talked about why Bitcoin SV (BSV) has the right recipe for success ...

Read More
7nm ASICs coming to market by 2019, MicroBT’s Jordan Chen says

Events 1 day ago

7nm ASICs coming to market by 2019, MicroBT’s Jordan Chen says

At CoinGeek Week, MicroBT Technology Vice President Jordan Chen presented the current market leaders among ASIC miners, and also shared his projections for the industry in 2019 and beyond. Jordan Chen of MicroBT Technology foresees ...

Read More
New, exciting Bitcoin SV projects announced during CoinGeek Week

Events 1 week ago

New, exciting Bitcoin SV projects announced during CoinGeek Week

The highly anticipated CoinGeek Week conference has drawn to a close and to say that it was a huge success is putting it mildly. The conference attracted a slew of individuals that have been, and ...

Read More