Events 27 March 2018

Stephanie Tower

Satoshi’s Vision Conference day 2 recap

The second day of the conference continued Saturday in Tokyo, Japan, with presentations around the future of the digital coin, Bitcoin Cash, the result of the hard fork from the legacy Bitcoin (BTC) chain in August 2017.

Keynote speaker Roger Ver, CEO of Bitcoin.com, talked about creating a decentralized cryptocurrency that gives economic freedom to the world. He explained economic freedom allows people to have the ability to make choices, which, in turn, will lead to higher per capita income and better income for the poorest 10%, improved environmental protection, higher literacy rates, less corruption and bribery, and people may even live longer.

The impact Bitcoin makes on economic freedom such as enabling people to establish businesses easier, promoting free trade, enforcing property rights and allowing people to opt out from corrupt systems were expounded during his speech. Ver believes that the best tools to achieve these goals are cryptocurrencies like Bitcoin. He added, “I think Bitcoin Cash has the biggest chance of doing that because it has the Bitcoin name. It has almost all the early adopters of Bitcoin, all the people that made Bitcoin useful as a currency around the world, supporting it. It has the most stuff going on.”

Ver also took the time to address the censorship and the propaganda within the Bitcoin community. He said, “If you’re in favor of a censorship-resistant currency for the entire world to use to gain more economic freedom, you shouldn’t be using censorship to promote it. And that’s exactly what Bitcoin Core supporters have been doing which should be condemned by anybody who supports free speech.”

Ver also announced that Bitcoin.com will be dropping Bitcoin Core (SegwitCore) wallet and will only be making Bitcoin Cash wallet by default.

Following Satoshi’s Vision of a peer-to-peer electronic cash system, developers have been working on projects that will contribute to the growth of Bitcoin Cash. In an interview with Coingeek.com, Bitcoin ABC’s Amaury Sechet shared some of these projects that are also making progress such as the UTXO commitment work by Thomas van der Wansem. “That is very exciting,” Sechet said, “it’s going to allow very fast synchronization of new node on the network.”

Entrepreneur and staunch Bitcoin Cash supporter Calvin Ayre, who’s producing his own conference in May, was also present in the event and shared his forecast on the future of Bitcoin Cash.

“I think Bitcoin Cash, which is the one true Bitcoin as outlined in the Satoshi’s white paper, is going to become the dominant global public blockchain. The one chain that can do it all. Everything will be on it,” he said.

Also watch: Day 1 and Day 3 of the Satoshi’s Vision Conference

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.

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