At CoinGeek Live, confidence is everywhere—from the organization of the event to the agenda, and the guests themselves.
Dr. Craig Wright appeared live from London to answer questions and close the day with the challenge to “be strong,” which is a message that resonates extra hard as we think back to years of the Bitcoin Civil War, the victory lap around the Genesis protocol, and the long crawl up the mountain that we have taken together with the Bitcoin experiment.
This fireside chat was a few parts history, and a few parts future. All of it inspiring! But that’s getting a little ahead of things.
Blockchain or a timestamp server?
Jimmy opened up with a question about the word “blockchain,” asking where the concept of the timestamp server came from as it was referenced in the white paper.
Wright elucidated an anecdote about the history of auditing, and the notion that once something had been checked multiple times and verified by trusted parties, that it should be solidified (or hashed) so that it does not ever have to be re-accounted again. Even if a change was to be made, a new timestamp would be created with reference to the previous one so that nothing could be erased, and everything could be verified forever. In Wright’s mind, this feature of Bitcoin would liberate us to focus on the present and the future because the past could no longer be tampered with!
The next problem to solve in Bitcoin was the elimination of the fallibility of trusted parties by a process of competitive proof of work—the cornerstone of Bitcoin. Wright also discussed the double-spending problem starting with bad checks, but being solved by honest nodes and importance of chronological transaction ordering. Most of all, the answer was (is) simplicity. As Wright said in the interview, “simple wins” in regards to the bitcoin protocol as well as anything built atop it.
He continued with a reiteration of what was said on Day 1 about the importance of distilling down terabytes of data into a single hash as a foundational principle which enables SPV, and other aspects of bitcoin’s innate ability to scale on chain. With a chronological timestamp server, the hash can be accounted for cryptographically and by time, which is a crucial metric for sorting.
Upon Jimmy’s question, Wright mentioned that his first idea for Bitcoin-inspired thinking was as a sort of alert system in the detection of malware. “A canary system,” which would record the alerts across a number of nodes on the network, he said. The idea was ultimately scrapped due to a buy-out, but it sounds like something BitPing could consider resurrecting for their suite of network intelligence tools!
Craig waxed on about the beauty of hashing geolocation data to global shipments and creating an unbreakable chain of custody similar to what we saw with medical and pharmaceutical data presented today, or what UNISOT’s Seafood Chain presented at CoinGeek London. Imagine a world where the seals cannot be broken and we could know exactly the history of everything on earth! It was a simple statement with global implications on the understanding of the value of knowledge.
How does Google make money?
Not with a single click! But with the aggregation of data that comes from a worldwide volume of clicks. Dr. Wright wrapped up his thoughts by pointing out that the current model of batched data creates silos, but that bitcoin monetizing each individual byte of data allows a much more valuable world to grow out of the ashes of this terrible Bitcoin Civil War (my words, not his.)
And so we return to his challenge to “stay strong.” Thinking back to the BCH trolls during the hash war, or perhaps Hodlnaut or Peter McCormack on on Twitter, or any number of battles he has fought for bitcoin since 2008. Craig wears the wounds of this war on his sleeve, but he took the closing moments of his fireside chat to let us know a few key points about our adversaries in this battle:
“There are a lot of bullies, but bullies are cowards.”
“The best thing you can do is show them that you’re better.”
“They seem important. They’re not.”
His challenge to us all was to ignore the noise, the criticisms and the doubt. Instead, he wants us all to build something great! Motivating words from a motivated man speaking at the end of a day that was filled with inspiring entrepreneurs who didn’t waste their day on Twitter, but instead are pitching or displaying their work to turn Bitcoin into the backbone of the emerging, global data economy.
Watch CoinGeek Live Day 2 here.
https://www.youtube.com/watch?v=FIgesLz9LTc&feature=youtu.be" title="CoinGeek Live: The Fireside Chat" />
On Day 2 of CoinGeek Live, Dr. Craig Wright appeared live from London to answer questions and close the day with the challenge to “be strong.”
The second day of CoinGeek Live began with a breath of fresh Australian air, with reports from three entrepreneurs working in the natural world.
CoinGeek Live is being held virtually for the first time ever, with speakers, panellists and viewers participating from across the globe.
After a jam-packed first day of the CoinGeek Live 2020, Day 2 promises to be even better and more engaging.
Day 2 kicks off with the “Internet of Things & Big Data on the Bitcoin SV Blockchain” in the morning session, headed up by Paul Chiari, of WeatherSV and MetaStreme, and Daniel Keane, the co-founder and managing director of Predict Ecology. It’s followed by Jeff Chen from Maxthon Ltd., on New Browsers & Domain Systems for a Bitcoin SV-Powered Internet.
TrueReview, TonicPow and Twetch join forces for a panel discussion on new models for digital content, led by CEOs Connor Murray, Luke Rohenaz and Billy Rose, before a discussion on smart contracts and token protocols with James Belding of Tokenized.
Neuroscientist Dr. Robert Huber is set to present on Clean Data: Clinical Research Integrity and Data Hygiene Using Bitcoin SV with Philip Runyan of Veridat, followed by sessions on transaction processing and the role of miners in processing transactions on the BSV blockchain.
Mid-morning sees the day’s first keynote speeches from David Grider and Thomas Lee, director and managing partner at Fundstrat respectively.
The afternoon turns to look at the role of BSV in finance, with a presentation on Digital Asset Investments, followed by a look at modern finance on the BSV blockchain. A panel discussion on trading and exchanges in a tokenized world brings together Tom Albright of Bittrex Global, Armen Azatyan of TDXP, Lennix Lai of OKEx and Daniel Skowronski of fabriik.
The day wraps with a Fireside Chat with Dr. Craig S. Wright, who will look at the role of BSV as a timestamp server, before the closing remarks from Bitcoin Association Founding President Jimmy Nguyen.
Register your place at the upcoming CoinGeek Live Conference today.
https://www.youtube.com/watch?v=h0K0-cYCZfw&feature=youtu.be" title="CoinGeek Live Conference Day 2 Agenda" />
The conference offers a packed agenda of speeches, presentations and panel discussions from the thought leaders in Bitcoin and blockchain.
The day gets underway at 0900 EST, with the founding president of Bitcoin Association, Jimmy Nguyen, taking to the floor. Nguyen is set to chair the three-day event, opening with an address around the key theme of the conference: Bitcoin SV: One World, One Chain.
At 0925, Steve Shadders from nChain takes to the stage for a technical update on what’s happening with BSV, looking at the ongoing development of the technical infrastructure needed to support BSV as the world’s blockchain.
Robert Rice, Founder & CEO, Transmira Inc. follows with a presentation called “XR (Experiential Reality) Applications: Greater Power with Bitcoin SV,” looking at implementations of BSV in real-world applications.
A panel discussion entitled Better Payments: Improving the Consumer Experience with Bitcoin brings together Derrick Horton (President, AnyPay), Nick Jones (CEO & Co-Founder, Zumo), Daniel Lipshitz (CEO, Gap600) and Bernhard Müller (Manager & Chairman, Centi LTD) to explore the payments use case for BSV.
The next hour focuses on digital asset security and custody, with Karen J. Wendel from TrustChains, before another panel discussion featuring Scott Purcell of Prime Trust, Michael Shaulov of Fireblocks and Josh Schwartz of Curv.
Joshua Ashley Klayman, Senior Counsel at Linklaters LLP will lead a session on Regulation of Digital Assets & Digital Asset Businesses, alongside a former COO at the US Treasury, Howard Schweitzer, and co-chair of the FinTech Task Force for the European Commission, Pēteris Zilgalvis, J.D.
The afternoon welcomes nChain Chief Scientist Dr. Craig S Wright to the presentations for the 3rd Bitcoin SV Hackathon, before delivering his keynote presentation “Outsourced Computation on Bitcoin: How One World Blockchain Powers a New Future for Computing & Cloud System.”
Don’t miss the CoinGeek Live Conference, coming live from New York’s Manhattan Center and Kennington Studios in London on September 30. Register your place at the virtual conference now.
https://www.youtube.com/watch?v=hjThnLK7dcE&feature=youtu.be" title="CoinGeek Live Conference Day 1 Agenda" />
CoinGeek Live is right around the corner, the highlight event of the year in the Bitcoin SV calendar.
The two blockchain-focused companies are helping to onboard more businesses and show them the benefits of blockchain.
Together, we're able to show the capabilities of blockchain technology and Bitcoin as Satoshi had designed.
George Gilder tackled two of the problems that the world economy faces: the collapse of internet security and the scandal of money.
The managing partner of Fundstrat spoke to CoinGeek about Bitcoin SV, the halvening, and what the future holds in store for the digital currency.