CoinGeek Weekly Livestream: Independence Day clip show!

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On July 4, Kurt Wuckert Jr. hosted a special ‘clip show’ highlighting some of his favorite moments on the CoinGeek Weekly Livestream over the years. Clips included various figures from the BSV blockchain space asking questions and giving opinions on everything from BTC Miami to the Kleiman vs. Wright trial. There was even a surprise question from Gregory Maxwell in the mix!

Luke Rohenaz gives feedback on BTC Miami

For those who don’t know, Luke Rohenaz is the founder of TonicPOW and a prolific developer in the BSV ecosystem. In this clip, he shared his opinion on BTC Miami with Wuckert.

In a nutshell, Rohenaz says it was boring. He observed much of the same old chatter about coin price and not much else.

Wuckert points out that even huge advocates of BTC like Tim Draper don’t fully understand it. During a conversation with Draper at the BTC Miami, he discovered that Draper didn’t know it costs money to open and close Lightning Network channels.

Rohenaz says that, in the old days, micropayments were central to the conversation about Bitcoin. However, nowadays, most people mistakenly don’t believe it can deliver them at scale, and that was evident at BTC Miami.

Brett Banfe asks, ‘what is proof-of-work?’

This is a self-explanatory question that Brett Banfe asked during a livestream.

Wuckert explains that the goal with proof-of-work is to send an honest signal, and there’s a cost involved to show you are committed to a given thing. Giving an example, Wuckert explains that if he received 10,000 calls a day, he’d want to put a filter on it to weed out the unimportant ones. He could ask people to dial the number nine 1,000 times before calling him to ensure they get through. In doing so, he’d ensure that only essential calls reach him.

This roughly explains what proof-of-work is—a way of ensuring that the person believes what they are doing is important enough to waste time dialing the number nine 1,000 times in a row before they call.

Giving another example of proof-of-work, Wuckert mentions six-pack abs. You can’t fake them; they only come through work and the correct nutritional and dietary decisions. They instantly prove something about the work the person has done to get them.

On BSV price action—will it rise gradually or explosively?

In this clip, a viewer asks Wuckert for his opinion on BSV price action. The clip is from a couple of years back, so the price action was different than it is today, but he gives an answer that applies to BSV price at any time.

Wuckert says he’s not a price prediction guy, but he does believe that, for BSV to increase in value, it has to absorb value from the markets it disrupts. For example, the telecom industry is worth $100 billion, so if BSV disrupts half of it, its market cap should increase by $50 billion.

Following this way of thinking, BSV’s price should increase gradually as it is adopted and as it disrupts industries. Sudden spikes are unlikely to occur unless it disrupts the economy in a big way in a relatively short space of time.

Greg Maxwell tries a ‘gotcha’ moment during Kleiman vs. Wright

In this clip, Wuckert is outside due to WiFi problems in his Miami hotel. It’s during the Satoshi Trial of the Century and involves small-block fanatic Maxwell trying to put Wuckert on the spot. He asks, “Why didn’t anyone investigate the IP addresses? They did, and they showed many other instances of _Wright_ using that address in court.”

Wuckert immediately lets Maxwell know that’s not what happened. The IP in question was linked to an address 900 kilometers away from Sydney, where Dr. Wright used another IP address.

What explains the discrepancy? Wuckert isn’t sure, but it could have been either someone using a VPN or potentially Jamie Wilson, a disgruntled ex-employee at one of Dr. Wright’s companies, using it. Either way, it’s impossible for Dr. Wright to have been using this IP address at the same time as one in Sydney.

Without knowing all of the details, we can’t say what happened with this IP address, leaving Mr. Maxwell’s ‘gotcha’ moment in ruins.

Dr. Wright’s legal team speaks post-Kleiman

Wuckert prefaces this clip with a somber message; one of the attorneys in it, Amanda McGovern, has since passed away. He recalls her being larger than life and having a great command of the room, and he passes his condolences to her family and colleagues.

In the clip, McGovern and another attorney, Andrés Rivero, share some thoughts on Dr. Craig Wright and the trial as a whole.

Rivero begins by saying there were definitely moments when he and his team wondered about their place in the bigger picture of this trial. He describes Dr. Wright as high maintenance but available to explain details and answer questions.

McGovern says that clients with this immense level of pressure on them aren’t always the best versions of themselves. She says that, despite this, she never felt Dr. Wright’s wrath. He could get angry at times when technical details were wrong, but she never felt his anger directed at her personally. She says he’s a rare type of client and always takes time to answer questions.

Watch Kleiman v Wright Special Trial Report: The view from the gallery