sCrypt hackathon and a new direction for BSV—Xiaohui Liu joins CoinGeek Weekly Livestream

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On this episode of the CoinGeek Weekly Livestream, Kurt Wuckert Jr. talks to Xiaohui Liu
about the recent sCrypt hackathon, the culture shift in BSV, and what it will take to win.

The recent sCrypt Hackathon 2024

The sCrypt Hackathon took place in San Fransisco on March 16-17. Liu expresses gratitude that people came from all over. Despite recent drama in the BSV ecosystem, entrepreneurs, developers, and others still showed up and exchanged ideas.

We still have Teranode, Project Babbage, JungleBus, and a whole ecosystem of smart, determined entrepreneurs and developers. Liu welcomes anyone and everyone to join us and build.

A culture shift is needed, Liu says. We must move away from specific personalities and legal wrangling and focus on building instead. He’s already noticing this shift on social media: lots of X posts and Spaces are focused on building and development instead of drama.

Wuckert agrees that bringing everyone together to explain why their business is unique was a great idea. When people challenge him that BSV isn’t doing anything special, he often shows them sCrypt, which softens them to some degree.

Liu says that the event clearly showed two camps in BSV: those who take the “boomer approach” and those going the “grassroots” way. It was great to see both groups sit down and talk to each other. While it got heated at times, that shows passion.

The origins of sCrypt

Despite the recent court ruling, Liu credits Dr. Craig Wright with many ideas that inspired sCrypt. He figured out that nChain wasn’t doing it and saw an opportunity. He encourages everyone to take this approach: build it yourself, and things will move faster. We all need to contribute rather than wait for someone else to do it for us.

sCrypt is a part of the foundation, but other people need to build the skyscraper, he says. It’s up to BSV developers and entrepreneurs to do that.

A new direction for BSV

With the legal drama over, Wuckert also senses a new direction for BSV. Some people he hasn’t seen in a long time have popped up and are interested in the blockchain again. Many who were only here for Dr. Wright to pump their bags have left, and those committed to the mission remain.

Wuckert continues that 2018-2020 was the most exciting time in BSV history. Back then, it was all about new tools, and lots of developers showed up. Sadly, COVID happened, and that put a major dampener on things. It’s now time to focus on building again, and he’s even noticed some mining pools coming back to BSV that haven’t in a long time.

What will things look like in five or ten years? Liu says the best way to predict the future is to build it. Nobody is coming to save us now; we have to build the future. About 1,000 apps will die before we get the killer app, but when we do, we’ll take over. That’s not going to come from outside—it will come from someone in BSV.

Watch: Teranode is the future of the Bitcoin network