Roger Ver wins bet: Lightning Network fails at simple task

Roger Ver wins bet: Lightning Network fails at simple task

Everybody wants them. Faster transaction times, smaller fees, lesser blockchain congestion. Some might even say they want a lightning-fast cryptocurrency payment system. Unfortunately, a recent demonstration designed to show why Lightning Network (LN) is positioned to revolutionize SegWit-Coin BTC (also known as Bitcoin legacy or Core) transactions only fizzled—no lightning, no thunder.

The LN would allow smaller transactions to be conducted on sidechains, and not on the main SegWit-Coin BTC blockchain. This would purportedly allow for less congestion and, in theory, faster processing times. Nodes would govern the sidechains and would help to create additional decentralization across the network.

The demonstration started with a bet. Felix Weis, a known BTC enthusiast, ran into Bitcoin Cash (BCH) proponent and Bitcoin.com owner Roger Ver at the recently held Bloomberg conference in Hong Kong. The story goes that the two met at Hong Kong’s Genesis Block, an over-the-counter trading floor in the city, when Ver offered Weis a small wager. The task was simple, and should have been a sure-thing win for Weis. All he had to do was prove that the LN was able to perform the task for which it was designed.

For the bet, Weis would have to purchase a few items from the Blockstream eCommerce site. Blockstream is commonly used by SegWit Core supporters to test developments of the blockchain. The purchase would tally up to no more than $9, and Weis would use SegWit-Coin BTC and the LN to complete the transaction. If Weis won, Ver would be stuck wearing a BTC shirt; if Ver won, Weis would be the one sporting a BCH shirt.

Weis accepted, and the challenge began. Weis selected his items, made sure the purchase followed the guidelines of the bet and completed the transaction. At no time was Ver involved with the transaction, to ensure that he couldn’t manipulate the results. The pair waited for the transaction to come back as approved, and waited, and continued to wait. The transaction only got as far as ‘Pending,’ without ever registering as being approved.

Ver won, and Weis donned the BCH shirt. In a tweet, Weis told his followers: “Paying my gambling debt to @rogerkver. A bet is a bet. Congratulations.”

The exercise proved that the LN still isn’t quite ready for prime time. Meanwhile, BCH is pushing forward, and continues to gather strength among cryptocurrency enthusiasts. With its bigger blocks, faster speed, and lower transaction fees, BCH represents the truer vision of Bitcoin as a peer-to-peer electronic cash system.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
It's happening: CoinGeek inaugural conference all set for May 18

It’s happening: CoinGeek inaugural conference all set for May 18

The first-ever CoinGeek Conference is only a little more than a month away, and space is filling up quickly. The event will be a first for the industry, bringing together some of the greatest cryptocurrency minds to provide insight on how Bitcoin, specifically Bitcoin Cash, is shaping the future of digital currencies. A combination of merchants, investors and cryptocurrency visionaries will be on hand to discuss how BCH is poised to enable the next generation of eCommerce activity.

With presentations provided by some of the greatest talent in the industry, such as nChain CEO Jimmy Nguyen, Bitcoin.com owner Roger Ver and nChain Chief Scientist Dr. Craig Wright, the conference is a must for anyone in the eCommerce industry. BCH, with its wider user base and cheaper transaction fees, is quickly becoming the go-to digital currency around the globe, and its reputation continues to gain momentum. This is a great opportunity to not only catch up on the advances of the digital currency, but also to network with retail operators from around the world.

The one-day conference will cover a lot of ground in a short time. Topics such as “New Products, Opportunities and Challenges for Using Bitcoin,” “Bitcoin’s Atomic Age” and “A Roadmap from FinTech 1.5 to FinTech 2.0” are just a sampling of the important topics that will be covered. The final topic of the day, “Accepting Bitcoin Payments,” will show eCommerce entrepreneurs and seasoned professionals how easy it is to integrate a digital currency solution, and why now is the best time to do so.

This inaugural conference will be held at the luxurious Four Seasons Hotel Hong Kong. Located in the heart of Hong Kong’s central district, the Four Seasons offers amazing views of Victoria Harbor and is only minutes away from a lavish shopping spree or a great night out at world-class restaurants and clubs. There are two styles of guest room – Western contemporary, with silk-paneled walls and marble-floored entry foyers, and rooms with a traditional Chinese influence, featuring sculpted furnishings and gold leaf. Forbes Travel Guide awarded the hotel a five-star rating, one of only three hotels in the world to achieve this rating.

Twelve different sessions will be held throughout the day followed by an after-party courtesy of Calvin Ayre, founder and owner of CoinGeek.com.  In his own words, “Bitcoin Cash is more than a company; it’s a movement.” The event is poised to be a game-changer for merchant adoption and BCH education. BCH represents the truest definition of the “Satoshi vision,” offering faster transaction speeds, larger block sizes and lower fees.

Registration for the conference is now open with a 50% discount for those paying in Bitcoin Cash, but credit card payments are also welcome.

Bithumb brings offline cryptocurrency payments to South Korea

Bithumb brings offline cryptocurrency payments to South Korea

It wasn’t too long ago that, in some parts of the world, it became possible to use nothing more than a cell phone linked to a bank account to buy products from vending machines. It’s a novel concept that eases the customer experience, and Bithumb, South Korea’s largest cryptocurrency exchange, is hoping to kick things up a notch with vending machines that accept crypto payments. The pilot program has been working well, and the exchange has now expanded its kiosks in the country to accept Bitcoin Cash (BCH).

At the end of March, CoinGeek reported on a program being tested by Bithumb to bring cryptocurrecy to over 8,000 retail merchants. The plan is to make paying with digital currency just as easy as paying with fiat, and the exchange set up partnerships with three kiosk manufacturers—UNO Space, IYU and Tros Systems—to help further its agenda. The kiosks are to be installed in small businesses centered on the food and beverage industry.

With the program up and running and beginning to show signs of success, Bithumb made the decision to incorporate the ability to pay with BCH. The news was first introduced by Bitcoin.com owner and Bitcoin Cash supporter Roger Ver, who tweeted a picture of him standing by one of the machines. The caption under the photo reads, “This food ticket vending machine in Korea is accepting Bitcoin Cash thanks to @BithumbOfficial.”

Bithumb hopes to launch three different services for the kiosks. The first two, Touchpad and Touchbone, have been created to offer flexibility to small businesses and allow them to choose the service that best represents their needs. The third, Bithumb Cache, is a service that allows Bithumb traders to convert funds at a kiosk by entering a password.

Bithumb has an average daily trading volume of about $245 million. Its trading platform is available in English, Spanish, Hindu, Chinese and Japanese, and the company offers apps in both the Android and iOS platforms.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Twitter bans @Bitcoin

‘I’m back, Jack’: @Bitcoin returns after Twitter ban

There’s a war going on. This one doesn’t use conventional weapons of warfare, however, but does use a weapon that has proved to be immensely more powerful—Twitter. For the second time this year, Twitter has suspended the @Bitcoin account for “violating Twitter rules.”

Cryptocurrency enthusiast and Bitcoin Cash supporter Roger Ver was one of the first to bring the latest suspension to the front lines, calling it the death of free speech in a Twitter post. There now have been numerous threads on Twitter, Reddit and other social media sites discussing who did what and why. The debate over free speech, unfortunately, doesn’t carry much weight with a private company such as Twitter.

There was no indication on what rules were actually violated, but there have been plenty of suppositions floating around. Some claim that the account had previously been “hijacked” to promote Bitcoin Cash (BCH). This was due to the repeated tweets extolling the virtues of the popular cryptocurrency. Others have argued that the account was rented out to a BCH user, which is in violation of Twitter’s Terms and Conditions.

The fight involves BCH and SegWit-Coin BTC (otherwise known as Bitcoin Legacy or Core), and the struggle over which most closely resembles what Satoshi Nakamoto had in mind when he brought cryptocurrency to life with his 2009 white paper. It’s a highly polarizing subject with two clear camps, one supporting SegWit-Coin BTC and the other supporting BCH. Proponents of the SegWit-Coin BTC changed the technology, making it no longer Bitcoin as intended by the Satoshi white paper—and yet insisted on keeping the name while also censoring others who want to keep Bitcoin  in its true form alive.

The @Bitcoin account was suspended in January of this year for a few days. After that suspension, just like with the current one, BTC supporters and their paid troll army have been going to extreme measures to push their agenda. BCH proponents argue that the zealots have created an army of bots that worked in tandem to report the Twitter account to have it banned. It has previously accused Twitter of automatically suspending accounts without any human interaction to verify the complaints.

After 36 hours, it appears that the @Bitcoin account has been returned to its original owner and Twitter has been “slowly reinstating” some of the account’s followers.

One thing is certain in this war,  and that is the one true Bitcoin—Bitcoin Cash—will prevail even amid the acts of fraud committed on the world by Blockstream and Core dev teams. BCH is the superior technology and the only one that offers massive on-chain scaling as well as the safe, immediate and low cost transactions that come with this. Only Bitcoin in its true form can create the economic freedom that allows the unbanked of the world to improve their lives and facilities the Internet of Things (machine to machine bComm). Attempts to interfere with this is not only unethical,  and shows the moral position of Blockstream and its cronies.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/im-back-bitcoin-returns-after-twitter-ban/

Deconomy 2018 day 1 summary

Deconomy 2018 day 1 summary

Seoul, the critical hub for blockchain and cryptocurrency in South Korea, is hosting to the first annual Deconomy 2018. The two-day forum brings together intellectuals and the brightest minds from the digital space, entrepreneurship, the academe, and thought leaders and enthusiasts of cryptocurrencies.

With over a thousand attendees, the day one was inaugurated by a special keynote by David Chaum, cryptographer and recognized as the inventor of digital cash. Chaum is famous for creating ecash in the 80s, and has been an important figure in the development and innovations in cryptography.

The launch of bitcoin in 2009 has opened the world into the possibilities of how we live and will live in the future with blockhain. As paradigm shifts into open, public protocols within the technology, more projects that are actively underway are expected to grow the cryptoworld’s future even further.

Several of these projects were presented by some of the biggest names in the crypto space. Ripple Chief Cryptographer David Schwartz presented Ripplenet, a frictionless global epayments solutions. He also added how Ripple continues to carve its own niche in the industry with its latest products Xvia, xRapid and xCurrent. Lightning Network’s creator Joseph Poon also gave an overview of what Plasma is, a system of smart contracts built on top of Ethereum. Poon also shared his thoughts on scalability structures and advised to be very skeptical about it as a lot of ‘bullshit’ is happening in the space. He has not elaborated what these are, though.

These presentations were preceded by a keynote speech by financial cryprographer Ian Grigg who talked about the need to make identity work in the blockchain space. To do that, Grigg said trust is needed—after all, trust makes your identity safe, nurtured and growing.

Grigg later joined the first panel and discussed the journey and the evolution of Bitcoin with Schaum, nChain Chief Scientist Dr. Craig Wright, and Mattereum co-founder Vinay Gupta, who admitted to have experienced a lot of failed revolution in the past. The morning session ended with panelists offering advice on how not to become a victim of a failed revolution: Take risks. Continue working hard no matter what other people say about you or what you do, according to Wright; Find a use of case when creating products or services, said Grigg; Create something that of value to the society, said Chaum; and don’t be afraid to work on old ideas, said Gupta.

The second half of the forum kicked off with simultaneous sessions discussing the state of blockchain, market trends and the views of traditional financial businesses. As the global interest in Bitcoin increases, the cryptocurrency market expands beyond financial institutions leading to the creation of more blockchain-supported businesses and investments.

Investors and entrepreneurs venturing into the space shared their positive outlook despite the recent drop on the value of cryptocurrencies. “I think this will correct and the main cryptocurrencies again as they typically do,” nChain Group CEO Jimmy Nguyen said, noting that this event may scare some people for a short term but not necessarily a bad thing in the long run as it will funnel out ICOs and alternative coins.

Air Asia’s CEO Tony Fernandes who spoke at this event shared how being in the blockchain space is the place to be for his company. “Air Asia is always trying new things, and change management is what we are about,” he said, “so being here has been an experience for me. Air Asia is all about modernization…(blockchain) That’s why we’re here.”

The late afternoon sessions brought on the most interesting discussions on Bitcoin and the controversies surrounding it, featuring the best pool of speakers a crypto event could bring together. Blockstream CSO Samson Mow, Bitcoin.com Roger Ver and Dr. Craig Wright spoke respectively about their passion—Bitcoin and the Future, How Digital Currency Will Change the World, and A Visual depiction of Bitcoin Scaling and Enterprise Growth. A notable moment during these sessions was when Ver, who talked about the impact of Bitcoin on economic freedom, showed a slide with Bitcoin Core and Blockstream logos, and emphasized how the Core group has been delaying the adoption of Bitcoin, thus preventing more people to achieve economic freedom.

The day closed with an intense, one-on-one panel on Bitcoin scaling between Mow and Ver, which turned into a heated debate about BTC and Bitcoin Cash. Ver who has been challenging Mow for a debate for quite some time was clearly at the forefront.

“Samson has made one Lightning network payment this week, and I’ve made countless Bcash payments today. Therefore, lightning network isn’t being used,” Ver said responding to Mow’s answer about the number of transactions he made with the Lightning Network. Ver added, “Samson can only name three merchants that accept Lightning network. Therefore, only three exist.”

Ver emphasized, “Bitcoin Core is some science project for people who live in first world countries.”

When moderator Jeff Paik asked about why there is so much animosity between the two, Mow answered, “Now that you (Ver) have your own coin and BCH people have their own chain to promote, there really doesn’t need to be any animosity.”

During the Q&A session with the panel, Ethereum founder Vitalik Buterin called out Dr. Craig Wright who previously asked a question to the panel. Buterin questioned the organizers why Wright was allowed to speak at the conference forcing the organizers to cut the debate—which has gone overtime—much to the dismay of the attendees.

Also watch: Deconomy Day 2 summary

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/deconomy-2018-day-1-summary-video/

Roger Ver to discuss global Bitcoin Cash adoption at upcoming CoinGeek Conference

Roger Ver to discuss global Bitcoin Cash adoption at upcoming CoinGeek Conference

At the inaugural CoinGeek.com Conference, which will take place at the Four Seasons Hotel in Hong Kong on May 18, many of the brightest and most dedicated minds behind cryptocurrency will be present to provide their take on how Bitcoin Cash (BCH) will revolutionize currency. One of the hottest topics today is how to propel adoption of the digital currency in both the commerce and government arenas, and Roger Ver will be on hand to provide his insight into how the industry is advancing.

Following the August 2017 hard fork and the subsequent birth of Bitcoin BCH, the digital currency quickly made its way to become the fourth largest in terms of market cap. Since then, it has continued to gain acceptance as a viable payment alternative and is accepted by thousands of retailers around the world. Despite the growth, there is always room for improvement, and Ver is prepared to explain what steps need to be taken to keep the momentum going.

Ver is a leading proponent of the cryptocurrency movement. He began investing in cryptocurrencies in 2011 and has now invested more than $1 million into a number of cryptocurrency-related startups.  Some of these are Ripple, Kraken, Bitpay and Blockchain.info. Ver is also the CEO of Bitcoin.com, a leading website for anything related to cryptocurrencies.

As early as 2012, Ver has been organizing conferences to discuss cryptocurrencies in California. He is one of five Bitcoin Foundation founders, and anticipates a time when cryptocurrency rivals major fiat. He is certain that we are now living in a time when governments are going ‘cashless’ and argues that tangible fiat only accounts for a small portion of any country’s economic structure. As more merchants turn toward cryptocurrency acceptance, this supply of physical currency should only diminish.

Ver is a well-known lobbyist for cryptocurrencies. He has spoken with several media outlets around the world on the topic, including Fox Business, Russia Today, the Keiser Report and Bloomberg TV.  He is also the current chairman of the Cryptocurrency Advisory Board for MGT Capital Investments, which is led by John McAfee.

In addition to Ver, the upcoming CoinGeek.com conference will see participation by several of his peers. Ryan X. Charles, co-founder and CEO of Yours.org, will be on hand to discuss how to bring BCH to the mainstream, and SBI’s Chief Strategy Officer Jerry Chan will be providing a breakdown of the advances from FinTech 1.5 to FinTech 2.0. Additionally, Mike Kayamori, CEO of Quione, will be discussing the climate of commercial cryptocurrency adoption in Japan.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com Conference today.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/roger-ver-discuss-global-bitcoin-cash-adoption-upcoming-coingeek-conference/

bitcoin-conference-samson-mow-vitalik-buterin

Fear and Loathing in Seoul – Samson Mow and Vitalik Buterin exposed!

I recently attended three back-to-back cryptocurrency events. An ICO-focused one in HK, then Satoshi Vision in Tokyo and now I am at the Deconomy-branded ICO event in Seoul. I had intended to write an article about my experience that focused on the overall cheesiness of the ICO space. However, yesterday I got to see Segwit thought leader Samson Mow and Ethereum ‘founder’ Vitalik Buterin up close and, frankly, was shocked at what I saw.

First some background. The first event in HK was just as cheesy as I expected. nChain’s Dr. Craig Wright, who most consider one of the premier thought leaders in crypto today, was a speaker. His presentation could be viewed as a bit angry, as he is prone to getting angry when forced to listen to the nonsense that passes for science in our industry, but I found his talk impassioned and technically strong.

Mostly, the aspiring ICO CEO’s did not even come in to listen to Wright, choosing instead to mill around in the hall discussing – what else – their upcoming ICOs. After all, why wouldn’t anyone be more interested in talking up such truly inspired ideas as a coin that can be used to purchase sex (though why a sex worker would want to take a coin that could only be used to have sex with another hooker is beyond me). The event had the feel of an old school multilevel marketing event and I was hard pressed to find anyone interesting to talk to. This event confirmed my opinion that ICOs are essentially scams.

SATOSHI VISION
Next up I attended the Satoshi Vision event put on by Bitcoin Unlimited. Though not a top-tier group from a thought-leadership perspective in my opinion (they are too academic and not practical enough and they talk too much trash on the internet against others in the space), the event they produced was pretty good. My only complaint was that it should have been half the size…too many speakers who added nothing and killed me to sit through.

This event was all about evolving the Bitcoin platform to become the world’s dominant public blockchain. Trouble is, Bitcoin BCH is the one true Bitcoin and the only platform that conforms with the original Satoshi White Paper. It’s also the only true cryptocurrency and therefore the only technology that can do low-cost, fast and secure micro-transactions.

As Roger Ver said in his speech at this event, this will be the technology that brings financial freedom to billions in the developing world and also fuels the Internet of Things (machine to machine commerce). All in all, I found this event had most of the true thought-leaders in the space in one spot.

Besides Ver, the event featured Amaury Sechet of Bitcoin ABC, Joannes Vermorel of Lokad, Clemens Lee of Yours.org and, of course, nChain’s Dr. Wright, whose presentation can be viewed here. Real people solving real problems.

DECONOMY 2018
Next, I hopped on a plane to Seoul for Deconomy 2018, an event that seemed similar to Satoshi Vision but had representatives of two other platforms, Segwit Technology and Ethereum.

Day one of the event promised a Bitcoin BCH v. Segwit BTC showdown but day two was entirely devoted to Ethereum worship. So I wasn’t surprised that all conversations by anyone not directly aligned with Segwit or Bitcoin immediately drifted to ICO talk. The exception was the one lonely Ripple presenter.

On day one, I listed to a few speeches but didn’t find much to hold my attention so I waited until the big keynote faceoff at the end of the day. The speakers were Samson Mow, Roger Ver and Dr. Wright, each of whom was given 30 minutes to argue his case.

This was capped by a 30-minute debate between Mow and Ver on the subject of Bitcoin scaling. Why Dr. Wright was not on this panel was a mystery to me as he was in the room and is one of the world leaders in Bitcoin scaling technology.

Mow’s speech was low key and mostly about his views on the history of money (not shared by many). It also had a pitch for his Segwit and sidechain technologies. Ver’s presentation detailed his view of what the economic freedom Bitcoin can offer will mean for the world. He also outlined the damage Mow’s Blockstream had done to Bitcoin. Last up was Dr. Wright, who set out to correct the record on areas where he believes the Segwit technology controllers (mostly Mow and his company Blockstream) are spreading technical misinformation. (You can view Dr. Wright’s speech here.)

But things got really interesting during the debate. Right in front of my eyes, Mow did all the things everyone has accused Blockstream and Core developers of doing on the internet. He got into some petty name-calling, and kept referring to Bitcoin as BCash. Roger did a strong job of laying out his grievances in this space and clearly won the debate, in my opinion.

And then, things got crazy. They opened up the floor to questions and Mow insisted that the last question go to Vitalik Buterin (who speaks on day two so was in the front row). Though Dr. Wright had not mentioned Buterin or Ethereum in his presentation, this was Buterin’s question:

“Why do we allow people like Craig Wright to speak at a conference like this?” Buterin then suggested that Dr. Wight’s university degrees are not real.

The question was shocking enough, but more shocking was Mow publicly agreeing to this call for censorship. Censorship of others’ opinions is exactly what Blockstream and Core stand accused of by many – including directly by Roger in his debate – and here was Mow, in front of the entire crowd, advocating for the silencing of someone’s voice.

Dr. Wright, who was also in the front row, declined to dignify this childish display with a response. You will note the editors of the official video purged Buterin’s question, so you have to take my word for this, as I was in the room.

I have known Dr. Wright for three years now and have been to his home in London for dinner on several occasions. During one of the dinners, I was able to look through all his university degree certificates and can attest that they are all real. I also know he is working on his third PhD in law at a university in Paris right now. See for yourself in this wheelbarrow and then ask yourself: why would a 24-year-old university dropout be criticizing an industry thought-leader, who had just given a speech that did not mention Ethereum or Buterin, about his university degrees?

The answer, as is usually the case, boils down to money and power. Earlier in the day, nChain CEO Jimmy Nguyen was also on a panel. As I said above, all discussions went immediately to ICOs. So Jimmy mentioned a number of times that by the end of the year smart contracts and ICOs will be able to be done on the Bitcoin BCH chain.

I know this to be true as over 50 groups have applied to be in the contest to do this and both Lokad in Paris and nChain themselves are also working on solutions (nChain is working with SBI in Japan on this among other things). Craig is providing technical advice to everyone in the contest and to Lokad and SBI. If this happens there will be no reason for Ethereum to exist. BCH has superior technology and the capacity to add features from other platforms, meaning there will eventually be no need for other platforms. Just as there is no need for two internets, there does not need to be more than one payment platform and Bitcoin BCH is clearly the technically superior platform.

So basically what I was witnessing with my own eyes was the fear that the centrally-controlled Segwit and Ethereum platforms have for the person they believe is working to make them both obsolete. I already knew this, but I was still shocked by the immaturity on public display at this event. I doubt I was the only one in the audience that left there inspired to buy more Bitcoin BCH.

bitcoin-conference-craig-wright-calvin-ayre-jimmy-nguyen
bitcoin-conference-craig-wright-calvin-ayre

source: https://coingeek.com/samson-mow-vitalik-buterin-exposed/

Roger Ver at Satoshi Vision

Bitcoin Cash will usher global economic freedom, Roger Ver says

Economic freedom is defined as the ability of people in a society or a country to take economic actions. It’s the measure of how easy it is for members of a society to participate in the economy, where freedom exists for everybody from free markets to free trade and free enterprise.

Digital currencies like Bitcoin have been touted as the best tools the world has ever seen that will bring economic freedom to the world—until the governments stepped in.

In his presentation at the recently held Satoshi’s Vision conference in Tokyo, Japan, Bitcoin.com owner Roger Ver explained how he thinks the world governments have been encroaching upon the economic freedom of the people. It’s simple, Ver said. They did it by advocating for 1MB blocks to intentionally create high fees, less privacy, slow confirmations, and unreliable transactions, and that would end up resulting in fewer users, fewer nodes, lower adoption, less privacy, a lower Bitcoin market cap, a lower Bitcoin market share, and less censorship resistance.

“I’m not saying that Blockstream and Core are intentionally in the government attack on the adoption of cryptocurrencies around the world, but if you stop and think about it, I can’t really think of a more effective way to do it—they literally shattered what used to be this unified Bitcoin ecosystem, they’ve now shattered it into a thousand and one altcoins around the world with in-fighting within the communities and people competing on this and that, and all sorts of hostilities, and get it through primarily censorship and propaganda and lies,” Ver 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 the Bitcoin Core supporters have been doing which should be condemned by anybody who supports free speech.”

This is reason why the market has moved to alt coins, particularly Bitcoin Cash, which continues to stay true to the spirit of Bitcoin. But Ver said there’s “a thousand and one” competitors out there, so the community needs to step up and make Bitcoin Cash the most useful digital currency in the world, with fast, cheap, reliable transactions for everybody, permissionless innovations, censorship resistance, private transactions.

“This is why I’m here, supporting Bitcoin Cash before you because I want to use it to bring more economic freedom to the world, and whatever tool does it, I’m on board with that,” Ver said. “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 currency around the world are supporting it.”

Watch Roger Ver talk about Bitcoin Cash and economic freedom here:

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/bitcoin-cash-will-usher-global-economic-freedom-roger-ver-says-video/

Roger Ver

Roger Ver, Samson Mow Deconomy 2018 debate goes off the rails

The war of the words continues this week at the inaugural Deconomy 2018 blockchain forum in Seoul, South Korea.

On Tuesday, Bitcoin.com owner Roger Ver was pitted against Blockstream Chief Strategy Officer Samson Mow in a panel discussion that tackled the controversial question, “Can Bitcoin Scale?”

As expected, the debate on Bitcoin’s scaling issues as well as Satoshi Nakamoto’s vision for Bitcoin—as a peer-to-peer electronic cash system—turned into a tension-filled exchange between the two panelists. Mow pointed out that the computer science behind scaling Bitcoin needs to be taken into consideration, which means looking at the code and following the consensus rule.

“I think the scaling that works is to take an engineering standpoint to look at the code and to follow consensus rules and build layer 2 solutions,” Mow said. “I think scaling Bitcoin, we have to take into consideration the computer science aspect of it. We can’t just make things up. We actually have to look at the code and we have to follow the consensus rule, so if you look at what Bitcoin Core has been doing, is they’ve been scaling all along so that everything is backwards compatible.”

The intention might be good, Ver responded, but the effect was damaging—Bitcoin lost its first-mover advantage, the market cap of altcoins skyrocketed, and the number of transactions on the Bitcoin Core (BTC) network today was only half of what it was in December 2017.

Bitcoin Core is having negative merchant adoption around the world. Bitcoin Cash is having positive merchant adoption around the world,” Ver said.“So even if Samson and Blockstream and Bitcoin Core supporters have the absolute best intentions in their heart, we have the empirical evidence to show that the effects were negative and incredibly damaging to Bitcoin. Let’s judge things by their effect and their results, not the intent of the people that were putting it together.”

And that’s just the first 10 minutes of the debate, ladies and gentlemen.

Watch how it all went down here:

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/roger-ver-samson-mow-deconomy-2018-debate-goes-off-rail-video/

Satoshi’s Vision Conference day 2 recap

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 in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-2-recap-video/

Bitcoin Cash ‘dream team’ to hash out road to bComm future at CoinGeek Conference

Bitcoin Cash ‘dream team’ to hash out road to bComm future at CoinGeek Conference

The biggest minds in Bitcoin  are all set to take on the challenge of revolutionizing transactions not just for today, but for the future.

At the inaugural CoinGeek.com Conference, which will take place at the Four Seasons Hotel in Hong Kong on May 18, the so-called Bitcoin Cash “dream team”—Bitcoin.com CEO Roger Ver, nChain Chief Scientist Dr. Craig Wright, and Bitmain CEO Jihan Wu—will be sitting down at the Industry Leaders Panel to discuss “The Road to bComm’s Future.”

Currently, the eCommerce sector remains heavily reliant on traditional card payment processors like Mastercard and VISA. But what merchants really need is cryptocurrency, preferably Bitcoin Cash (BCH), which will allow them to pay far lower processing fees than on today’s payment card systems, and with instant payment confirmations on the blockchain, chargebacks will create significantly less financial exposure.

To explain more the keys to moving eCommerce to Bitcoin Commerce (bCommerce), the CoinGeek.com conference will be focusing specifically on merchant adoption of the best micropayment solution with the lowest fees not just for the vendors, but also for the buyers.

Jimmy Nguyen, CEO of the nChain Group, will open the conference with a presentation of “A bComm World,” discussing how Bitcoin Cash will power the future of bCommerce. Bitcoin ABC leader developer Amaury Sechet will then explain Bitcoin BCH’s technical vision for a global payment system, while Lokad founder Joannes Vermorel will talk about overcoming eCommerce hurdles with Bitcoin Cash.

Before the afternoon’s Industry Leaders Panel, Ver will give the audience a glimpse of Bitcoin BCH adoption around the world, while Wright will discuss how tokenization and atomic swaps will transform digital commerce. Another panel will discuss new products, opportunities, and challenges for using Bitcoin—this time featuring HandCash co-founder Alex Agut, CoinText.io CTO Vin Armani, nCrypt COO Angela Holowaychuck, Centbee CEO Lorien Gamaroff, VGM Holdings Manager of Global Poker Jonas Odman, and Expedia Global Payments legal director Michael Wood.

Also speaking at the event are Yours.org co-founder and CEO Ryan X. Charles, who will talk about how to bring Bitcoin Cash to more mainstream users; SBI Crypto Chief Strategy Officer Jerry Chan, who will explain the “new crypto world” with a roadmap from FinTech 1.5 to FinTech 2.0; and Quione CEO Mike Kayamori, who will talk about the state or regulation and commercial adoption of Bitcoin in Japan.

The event, which is also hosting an after-party courtesy of CoinGeek.com owner Calvin Ayre, is shaping up to be a landmark in merchant adoption and education in the benefits of Bitcoin BCH.  With its bigger blocks, faster speed, and lower transaction fees, Bitcoin BCH represents the truer vision of Bitcoin as a peer-to-peer electronic cash system.

Registration for the conference is now open with a 50% discount for those paying in BCH, but credit card payments are also welcome.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Bitcoin.com launches its own block explorer

Bitcoin.com launches its own block explorer

Providing a range of services for the growing Bitcoin Cash community, Bitcoin.com recently launched its own block explorer. The tool is designed primarily for searching information about Bitcoin Cash transactions, activities, and addresses. The block explorer will also help users gain accurate data about funds and processed blocks in the Bitcoin Cash network.

Bitcoin.com CEO Roger Ver described the block explorer as “a robust tool to analyze transactions, blocks, and addresses on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) chains,” adding that the product enhances the platform and is thus an “awesome tool to the Bitcoin.com portfolio and the Bitcoin Cash community — Future plans include rolling out support for the growing ecosystem of colored coins built on top of the Bitcoin Cash protocol.”

The landing page for the block explorer showcases the latest blocks processed in the BCH network, as well as the latest transactions within those blocks. A search bar is located at the center of the page, which can be used to look for an address, a transaction, or even hashes for a certain block. The Bitcoin Cash block explorer intuitively transcodes the new address formats, allowing users to easily switch between compatible formats.

With the implementation of a new address format for Bitcoin Cash and a new type of vanity address generator specifically designed for the cryptocurrency, the block explorer’s utility becomes all the more necessary to improve the services offered by Bitcoin.com for Bitcoin Cash users.

With simple and informative resources like the Bitcoin Cash block explorer, users from different sectors may learn more about a specific transaction. All results churned out from the block explorer contain all the standard information that a user can view such as the input/output timestamps, byte size, scripting, and operation codes.

Adding the block explorer to its features, Bitcoin.com’s web portal continues to provide resources and tools dedicated to innovative blockchain technologies and prominent cryptocurrencies such as Bitcoin Cash. The launch of Bitcoin.com’s Bitcoin Cash block explorer is among the steps to push the cryptocurrency game forward into a future replete with unrestricted growth, mass adoptions on a global scale, permissionless innovations, and open decentralized development.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.