This week’s CoinGeek Weekly Livestream saw Kurt Wuckert Jr. talk to Joshua Henslee. It was the last episode of the year and was broadcast from the South Florida Bitcoin citadel.
What’s the worst thing that happened this year?
Wuckert congratulates Henslee on the rapid growth of his show and asks him what the worst thing that happened this year was. He answers, “it’s the PR,” referencing some of the self-inflicted injuries from how things have been handled, particularly the response to the empty block mining situation.
Wuckert points to the disasters in the industry as a whole: Celsius, LUNA/UST, Three Arrows Capital (3AC), and now FTX. He notes that these have been good for his career, inviting media appearances, but it has been bad for the image of BSV and blockchain technology by association.
Henslee thinks that BSVers have more in common with people like Peter Schiff and Nouriel Roubini, who believe it’s all a scam. However, the difference is that BSVers know there is real technology here, so it isn’t all a con. However, many of his friends and associates see it merely as a way to make money quickly.
When is Binance going to burn?
A viewer asks when Binance will crash and burn. Wuckert acknowledges that there has recently been a lot of pressure on Changpeng Zhao’s exchange. He asks Henslee if they are solvent and what it looks like if Binance survives.
“There’s zero dollars associated with Binance,” Henslee says, pointing out that it’s all Tether and other stable coins. He thinks problems in Binance could cascade and turn into problems for other exchanges. He likens exchanges to musical chairs—they’ll be eliminated one by one.
Wuckert notes that Binance.US is buying Voyager’s assets. He asks Henslee for his view on this, and he says he only knows a little about Binance.US’ entity. He wonders if the market knows something we don’t or if the takedown of Binance isn’t priced in at all.
2022 Highlights—What good has happened in 2022?
Wuckert pivots to talking about the positive things that have happened in 2023. He asks Henslee what his most significant victory was this year.
“Probably just the general growth of my channel,” Henslee says. He thinks it helps inform people and inject some sanity into the information space in the industry. He sees the growth of his channel as a sign that at least some people realize what’s going on.
Talking about some of the comments on his videos, Henslee notes that there are still people who believe Dr. Craig Wright and Calvin Ayre are about to be arrested at any moment. He says that, as time goes on, these comments and the views they represent will look more and more absurd, and the narrative will slowly change.
Wuckert says a huge highlight for him was his interview with Peter Schiff. He’s been a fan of Schiff for a long time, so getting to talk to him was a big deal. He also says he liked the Global Blockchain Convention in Dubai much more than he thought he would. He met a lot of good people and had a great experience.
On Christen Ager-Hanssen in charge of nChain
Henslee states his view that everything is a deviation from Bitcoin in one form or another. He says that with Christen Ager-Hanssen in charge at nChain now, people should better watch out and prepare for what’s potentially coming.
Wuckert says that people have been skeptical about his appointment, but Josh Petty called him and told him he is excited about it. He told Wuckert that Ager-Hanssen wanted to grow fast and that he likes him. Wuckert says this is a good sign as Petty is usually critical of people in the ecosystem.
“The viking has united the clans,” he laughs.
What are the keys to success for BSV in 2023?
Wuckert asks Henslee what he’d do to improve things in BSV if he had a magic wand and a billion dollars.
Henslee reiterates his view that it will be a game that takes BSV mainstream. He points to Duro Dogs, saying that their strategy of starting out for free and allowing digital items to be sold for small amounts is innovative and could be a winning strategy that would be very difficult for any government to stop.
Wuckert echoes the idea that Duro Dogs is a potential winner and mentions SLictionary as another potential big hit. He encourages people to listen to Jack Pitts and his logic about it.
“It’s a genuinely useful global service,” Wuckert says, putting aside his initial doubts about it.
On the price of the BSV token
A viewer comments that many BSVers claim they don’t care about price, but they do. Henslee agrees with this statement, and so does Wuckert. However, he says that the business use case should come first, and price doesn’t necessarily matter to that.
Henslee points to some statements by Dr. Wright that seem to contradict themselves. On the one hand, he has said he doesn’t care about the price, but on the other, he wants it to be worth a million dollars. He says it seems crazy to say contradictory things from the outside looking in, but Henslee understands where he’s coming from, given his communication style, which takes a while to get used to.
Lightning Round—Viewers questions and comments
Q. When tokenized gold on BSV?
Wuckert replies that he hasn’t been hounding Peter Schiff about this, given that it’s the holidays. Henslee says Elas may be able to do something like this on BSV. Wuckert says he knows they’ve been working on it, but getting a gold custodian to agree is difficult.
Q. What are your thoughts on Certihash?
Henslee says that this project can do something special. It will serve as an example to others in the industry, and the concept makes a lot of sense. IBM likes it and may want to resell it at some point. “It’s a good team with a lot of hustle,” Wuckert agrees.
Q. Does anyone think Dr. Wright has already sold all of his BTC?
Wuckert says he has not sold all of his BTC. He also has not seen the coins known to be Wright’s moved. However, he says that he may have sold some of them. Henslee points to the 1Feex address, which he knows to be Dr. Wright’s, and notes that those haven’t moved at all.
Q. What was the top accomplishment for BSV in 2022?
Henslee points to the low fees, and Wuckert says the huge blocks being mined are a great accomplishment. Despite all the drama and BS, he says that things are pushing forward. Wuckert says BSVers are proving people wrong and showing what Bitcoin can do.
Q. Can you explain BSV in two minutes? I don’t know anything about blockchain or digital currencies.
Henslee says that money had to be sent in the mail before electronic processing. The minimum cost was dollars because of the costs involved. With electronic services, that dropped. Bitcoin brings it down to 1/50,000th of a penny, which we can barely comprehend.
Wuckert says that data is money. We haven’t had the ability to monetize our data, but the richest companies in the world have. Bitcoin is a database anybody can audit or broadcast to, which allows us to value every byte of data.
Watch: Seasons greetings from Calvin Ayre—and get ready for big things in 2023!
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