Events 27 April 2018Jasmine Solana
Dr. Craig Wright: Inclusion is the real purpose of tokenization
Created to solve real world needs, blockchain’s goal has been to bring equality and inclusion—and then consumerism came into the picture.
In his speech at the recently held TOKEN2049 event in Hong Kong, Dr. Craig Wright pointed out how HODLing became the new form of hoarding. According to the nChain chief scientist, a huge number of blockchain and cryptocurrency startups have been taking advantage of the hype and value spikes caused by HODLers.
“HODLing is probably the most despicable, evil thing to do with Bitcoin. It is not saving, it is hoarding. Bitcoin is a payment system. It is cash. It is to be used to help people spend money,” he said. “People can actually spend and use, not hoard so that in ten years, they can go, ‘look! I’ve got more of something than I can hold.’”
Contrary to what ICOs would have you believe, Wright said tokenization is supposed to be a medium through which the world can create an “on-demand economy,” essentially an Uber for everything that you need—even luxury items. Tokenization, he explained, should be used for the efficient, high-speed production of supplies made on demand with a traceable and verifiable supply chain on the blockchain.
“Everything that is common now used to be a luxury—toilets were a luxury 100 years ago. Victorian England—if you had a flush toilet, you were rich. Now no one would buy a house in the West without a toilet,” Wright said.
If done right, tokenization could herald a new revolution that would open the floodgates to inclusion and global interaction.
“This is a world that is becoming more and more global—that is a good thing,” Wright said. “As we start trading with people, we start building relationships and having to understand them.”
Watch Dr. Craig Wright’s speech at TOKEN2049 here:
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Events 21 March 2019
Have BSV, will travel – to Toronto
Tickets for the CoinGeek Conference in Toronto are on general sale and can be purchased with fiat currency and Bitcoin SV. Read find out more.
Events 20 March 2019
Dr. Craig Wright and seminar on DACs now available on YouTube
Dr. Craig Wright presents work on decentralized autonomous corporations at ICICT 2019Meta description: In his presentation at the ICICT 2019, nChain Chief Scientist Dr. Craig Wright explains the concept behind decentralized autonomous corporations (DACs). The idea behind DACs is essentially not to allow centralization and have things in multiple areas, while also getting rid of failure points.
Events 19 March 2019
First ever Bitcoin SV hackathon goes big with 400 BSV prize pool
The Bitcoin Association is hosting the first ever Bitcoin SV hackathon to encourage developers around the world to build on BSV and unleash the true power of Bitcoin’s original design, protocol and Satoshi Vision.