CoinGeek Conversations


CoinGeek Conversations is a weekly podcast update on the thriving BitcoinSV ecosystem - for beginners as well as those already deeply immersed in it. CoinGeek's Charles Miller meets entrepreneurs, technologists and businesspeople to ask about their work and their visions for the future. You don't need to be an expert in computer science or business studies. But you do need an appetite to learn about the most exciting new technology of our time.

Calvin Ayre: The BSV Global Blockchain Convention is like Woodstock for those in the industry
The upcoming BSV Global Blockchain Convention in Dubai from May 24 to 26 will be an important event for anyone with a “sense of history”, says Calvin Ayre, founder of Ayre Ventures and CoinGeek.  “It’s like Woodstock coming to these conferences, that’s how influential this technology is going to be and it’s going to change so many things and it’s going to touch everything,” says Calvin.   While attendees of the Convention might be dressed in suits rather than flares and sunglasses, the comparison to the iconic, late 60s counterculture festival, will resonate for those in the Bitcoin SV space who understand how revolutionary the technology could be.    Calvin is particularly excited about links between Bitcoin SV companies and big consultancy firms like IBM Consulting, which has recently been developing Sentinel Node in association with Certihash.  “I hope we educate these big consulting companies so that they understand what this technology can do so they in fact become evangelists for us when they are brought in to solve technical problems in big data.”  Another organisation that Calvin is pleased to see teaming up with the Bitcoin SV community is the Institute of Electrical and Electronics Engineers (IEEE) – the world’s largest association of technical professionals.   This connection came about when Latif Ladid, founder, and president of the IPv6 Forum and an IEEE influencer, came across Bitcoin inventor Dr. Craig Wright’s blog after reading about his victory in the Kleiman v. Wright trial in Miami last autumn.  When Latif learnt that Bitcoin SV had been built to integrate IPv6, the most recent version of the internet protocol, he reached out directly to Dr. Wright, who has now become a keynote speaker in the IEEE conference series and is publishing information about the technology in the IEEE newsletter.  Calvin believes that the Kleiman case has opened people up to Dr. Wright’s work in a big way. “The fictional cloud of fraud has been removed off of Craig’s shoulders, and as a result, the serious engineers who have been studying Craig’s technology feel that the reputational risk has also been removed and people have been reaching out to Craig and our community and we’ve got a lot more serious people directly involved, publicly.”  On the subject of Dr. Wright’s lawsuits, of which one more was announced last week, Calvin admits he wishes Dr. Wright didn’t have to spend his time on them and could instead focus on other things.   "Craig’s going to go down in history as one of the largest filers of patents in the world, if not the largest, and all the while doing it while he’s being attacked and forced to deal with this massive litigation overheard and continuing to do multiple university degrees at the same time.”  Despite this distraction, Calvin is clear that the main goal for the Convention is education. “All my focus is on educating people that can actually use this technology to solve big data challenges,” he says.
May 11 2022
21 mins
Jack Liu: The price of Bitcoin matters
FloatSV and RelayX founder Jack Liu has proved to be a forceful presence in the Bitcoin space. Armed with a fintech background and almost a decade of experience in digital assets, his thoughts and ideas about the bitcoin ecosystem offer both substance and, at times, challenges to entrepreneurs building on Bitcoin SV.Contrary to belief of the majority in the BSV community, Jack thinks the price of BSV matters significantly. As he tells Charles Miller on this episode of CoinGeek Conversations, his attraction to Bitcoin is partly due to its incentive design: regardless of wealth and stature, any individual has a chance to raise money using the network. “A small business is able to raise five dollars of money the same way as a larger team can raise …billions of dollars. That levels the playing field and that's ultimately the value,” he explains.RelayX seeks to build businesses on chain in a way that is free of patents and NDAs, as well as products that are interoperable. Jack’s goal is to preserve one powerful aspect of Bitcoin: that it is global. “Anyone can join. What you don't want is to leverage that ledger and build a closed system on top, no matter how nice it is because then as developers and users interact with the closed economy, then you lose a lot of the power of the base layer bitcoin,” he asserts. In today’s society, dependence on finance is significant. As Jack explains, this has to do with individuals earning in a fiat currency then investing and speculating with that money. He envisions a world where people will be able to be more financially independent. “If people were earning, spending, consuming and producing on a single ledger that itself had a deflationary money supply, then basically people would no longer use finance as a necessity, it becomes an option.” Unlike fiat currencies, Bitcoin as a system does not have a central authority. Jack is keen to point out that Bitcoin removes power from money and that in itself is liberating. But how do we know how the system is doing? Well, price is one way of gauging Bitcoin’s performance.  Jack believes that innovations and building good utility for the ledger will help increase Bitcoin’s price. As he points out, building applications that allow users to monetize instantaneously is the way to go. Users tend to overlook transaction fees if they are able to earn in heaps. In terms of transactions volume in the BSV network to date, Jack thinks there should be magnitudes more. As he says, “if you have 5 million transactions on Cryptofights per day but it's being done by like a few hundred users, that is not growing the price, that's not growing the economy.” Jack advises entrepreneurs to come up with a product that Bitcoin holders want instead of building a business based on their own likes and interests. He says its best to monetize their business even as early as inception days. He advises entrepreneurs to raise as much BSV as possible for their business without having to worry too much about failing to return the investment. Bitcoin cannot be outperformed due to its limited number, he says. As he explains, investors will benefit not by getting a return of their investment but by allocating a percentage of their Bitcoin holdings towards a project that contributes to increase Bitcoin’s velocity and utility and in turn increasing the price of Bitcoin. “That is a healthy ecosystem,” he says.
May 4 2022
49 mins
IPv6 at the BSV Global Blockchain ConventionCoinGeek Conversations: A Look Back at CoinGeek ConferencesTony Mugavero: NFTV unites entertainment and blockchain
Rad CEO Tony Mugavero knows a thing or two about big entertainment brands - just look at the list of the company’s content deal partners, which includes Disney, NBCUniversal, Fox, Showtime, Warner Brothers, Sony.And he knows about cutting-edge tech. Rad’s current focus on blockchain follows pioneering work in VR, in which he also partnered with big entertainment brands.But Tony is happy to admit that for Rad and for many others a couple of years ago, the VR revolution didn’t quite happen. Back then, Rad was a VR streaming company - offering 360 video, 3D spatial audio and other innovative products. While VR “continued to take its time”, as Tony puts it, Rad moved into more “traditional” video streaming.Talking on this week’s CoinGeek Conversations, Tony explains how he knew then that Rad “still needed a differentiator”, rather than competing head to head with the likes of Amazon and Netflix. Blockchain looked like it could provide one. And so “we started working on incorporating smart contracts for content and handling royalty splits and payments”. That was around the start of 2018, but once again Tony found he was ahead of the curve: “the world wasn't ready for it yet.” Potential business partners were interested but not willing to dive in.That was then. Today the world is catching up with Rad. And Rad is putting NFTs together with entertainment to create - inevitably perhaps - “NFTV”. CoinGeek owner Calvin Ayre, through his Ayre Ventures, has recently announced an investment in Rad. And Tony is planning to incorporate the Bitcoin SV blockchain as an important element in Rad’s model for the future.Last year, Rad started experimenting with its first NFT sales. For instance you could buy an NFT for a high quality video of a classic movie which came with a physical poster that would be shipped to you. The other side of the smart contract was that royalties and other payments would immediately be sent to anyone owed them, automatically and immediately the sale was completed. So how does BSV fit into the picture? Tony says that “Ethereum has gotten incredibly expensive” and “it’s reasonably fast …but not that fast.” BSV has the attributes people are looking for: “I think if you look at what's happening generally across the whole ecosystem, there's been a lot of development around ‘how can we make blockchains faster and cheaper?’ And so, ultimately, BSV clearly fits into that category. And you know, there's a community that's really excited about it and its potential and building on top of it.”One idea for using BSV would be as a kind of master data record for other chains: “if we have a bunch of different transactions that are happening on a bunch of different chains and you need a single record that's auditable that somebody can just say, ‘show me all the different things that are happening in this ecosystem’, then you don't want to go query every different blockchain and and try to cobble that data together yourself. So simultaneously you can have a bunch of different buying and selling and minting and trading that's happening, but then have kind of a master ledger that tracks all of that information.” As to whether NFTV will be working with the big entertainment brands or be more of a disruptive force in competition with them, Tony says that a move towards more control by both producers and consumers goes with a bigger trend: “I think it's a generational shift. It's not like one company comes out and completely destroys the whole entertainment business. It's how do we listen to creators and consumers and say, what are they doing, what are they trying to do? What do they want? And build something for that? And if that ends up going counter to the studios and what they're trying to achieve, they'll just need to listen to their consumers and their fans. "
Apr 13 2022
35 mins
Nick Numas: Genuine Retweets has doubled some people's wages
Genuine Retweets is changing lives, according to its founder and CEO, Nick Numas. He says he feels “humbled” by the impact his company is having, especially on those living in less developed countries, where in some cases it has “doubled some people’s wages.” “We receive letters from people that we apparently change their lives with the earnings they get from Genuine Retweets.” The platform, which is exclusively on Twitter, allows promoters who it signs up to earn money by retweeting, commenting and liking posts. In return, they receive instant payment into their Bitcoin SV wallets. For businesses, it offers a paid service that distributes their tweets and increases engagement with them. It’s not just about the money for Nick though. He wants to “re-educate people… to show them your presence is valuable online, and we foresee in the future there’ll be a lot more type of business operations which compensate people for their presence online.”  Genuine Retweets’ promoters are moderated to ensure that only accounts with a significant following or that could be valuable to the businesses using the service are permitted to participate in the paid work. The moderation process is something that Nick is fastidious about. He uses 15 moderators who make decisions on jobs coming in and are paid 25 cents for each moderation. In total, the team has checked through 2400 accounts and only let 640 join as paid promoters.  “You have to be valuable to the businesses that use our service, if you’re not a valuable person i.e if you do loads of giveaways, then your account looks really tacky or if your account looks fake and stuff like that, we won’t let you in to do the promoting.”  Nick explains to Charles Miller on this week’s episode of CoinGeek Conversations that the reason he is so particular about the accounts he signs up is down to his experience working as a marketing manager for TDXP, a trading platform. He says that he tried giveaways to increase numbers on TDXP, but this just led to follows from robots. He workshopped the issue with a developer colleague and discovered his problems could be solved using a private Twitter account and an API. That’s when the Genuine Retweets business was born, and he’s thrilled with its progress. “We broke even in two weeks, and we’ve made a profit every single week and we pay a full-time developer now.” While the business is currently centred around the BSV community, Nick is keen to expand the business model. He explains that the Bitcoin community is one of many that he’s keen to tap into and is currently in talks about a music version of the service and a football one for Aston Villa. He believes, like Dr. Craig Wright, that Bitcoin’s role should be as the ‘plumbing’ for the internet, something that sits beneath the surface and ensures the smooth running of things. “I am very besotted with Bitcoin. If anybody can find me a better tool to do entrepreneurship on the internet than Bitcoin, I need to see it because as far as I’m concerned there is no better tool do to business with on the internet than Bitcoin.”
Apr 6 2022
36 mins
Introducing the eight startups from Satoshi Block Dojo
The Bitcoin SV incubator Satoshi Block Dojo is approaching the end of its first 12-week programme in London’s East End. The cohort of eight startups is working towards a big night in which they’ll have the chance to pitch their businesses to an audience of potential investors. Ahead of that, this week’s CoinGeek Conversations offers a sneak preview of all eight of the startup ideas. And if you want to find out more about Block Dojo itself, just go back to last week’s show, in which COO Osmin Callis explains the Dojo’s philosophy and the opportunities it is offering for many more BSV entrepreneurs. Here, then, as briefly as possible, are the first eight businesses: Galatea and Pygmalion (G&P)It’s an idea for authenticating artworks - and eventually many other kinds of product too. Galatea and Pygmalion highlights the problems of counterfeiting and piracy in the art world, and promises to fix them with a blockchain solution. The founders are two brothers. +App + App offers a way for specialists to charge their customers or clients for their time more easily than by using traditional methods. It aims to create more efficient transactions in the gig economy for a wide range of experts. Its founders are a husband and wife team. Ninja Punk GirlsNinja Punk Girls is an NFT-based game in which players battle each other to win currency or NFTs. It will be developed as both a card game and 3D fighting game. The founders envisage several sources of revenue, both in-game and beyond.Sattva MetaSattva Meta promotes net zero carbon emissions through an accounting mechanism offering verifiable ways to track carbon offsetting claims. Its customers will receive audit-ready reports to encourage their decarbonising programmes.Soundoshi Soundoshi wants to revolutionise the music industry by allowing its customers to once again own the music they pay for. On the blockchain, fans will build an immutable collection and musicians will get a better deal than they do from the streaming services.BuzzmintBuzzmint offers its service to existing brands and businesses that want to mint their own NFT projects. It will collect subscriptions and royalties from the users of its platform and believes the media and publishing world is waiting for such a solution.CosmosXCosmosX is a space-themed metaverse in which businesses and consumers interact, using NFTs and the company’s own tokens. The space-themed world will be the site of virtual music and gaming and the company expects to benefit from the growth of VR and AR. SesireSesire will provide adult video on its Bitcoin SV blockchain platform. It wants to give power back into content creators, allowing them fast and direct payment. And it will use AI to select  content for its users in what is a huge global market. CoinGeek is following the whole Block Dojo programme. Watch out for our BSV Stories film, covering this first cohort from start to finish.
Mar 30 2022
18 mins
Osmin Callis: The future looks bright for Bitcoin SV entrepreneurs
The Bitcoin SV blockchain is “absolutely perfect” for start-ups looking to build their businesses on chain, says Osmin Callis, Chief Operating Officer of the Satoshi Block Dojo. “The fact that Bitcoin SV is a complete financial system that you can run your business on is only starting to become apparent to both enterprises and individual entrepreneurs so, yes, the future, I think, looks very bright.”   Business building is a subject that Osmin knows a lot about. In her role at the Satoshi Block Dojo, she is responsible for guiding young start-ups with ideas for building services and products on the BSV blockchain.  The start-up accelerator, which welcomed its first cohort in January 2022, takes its team members through a highly structured twelve-week mentorship and training programme. This programme can be divided into three stages, as Osmin explains to Charles Miller on this week’s episode of CoinGeek Conversations.  The first stage is all about problem validation and looking at the commercial viability of the idea that the entrepreneurs have come up with. The second is focused on the technical elements of the application or service that they intend on building and the third is all about getting them pitch ready, so they are prepared to meet the Dojo’s network of investors.  Once the twelve-week incubation process is complete, the start-ups are ready to go out into the world, hopefully with their pockets full of investor change. They are not totally alone though as the Dojo is committed to continuing to support and engage its start-ups until they are ready for their seed round, a process which Osmin predicts will take around 12 months.  While the incubator is the Dojo’s main focus, they also run a series of events for those who may not already be switched on to the power of the Bitcoin SV blockchain. These include ideation jams, masterclasses, and university roadshows.  Osmin says that she wants these events to stimulate people to harness skills and ideas gained from whatever business or academic experience they have and transform it into “something that can result in them becoming a founder.”  For example, there is an ideation jam scheduled for the 20th of April which is focused on using Bitcoin SV to find innovative solutions for the construction industry. The event will be preceded by a workshop and a mixer to get attendees thinking about what challenges need to be tackled in the industry.  These events show the role the BSV blockchain can have in solving inefficiencies across a range of industries, and they also draw entrepreneurs into the Bitcoin SV community, with the winner of the jam invited to apply for a place on the Satoshi Block Dojo.  Osmin is determined that any hard-working entrepreneur should be able to find a way to connect with the Satoshi Block Dojo, and with investment funding recently announced from Ayre Ventures, this will only become easier. For those looking to join the next cohort of entrepreneurs, applications are currently open to join the incubator with a welcome date of 31st April 2022.
Mar 23 2022
19 mins
Michael Hudson: We need regulators and big brands to get the BSV message
Users of the Gravity wallet received an unexpected email in February telling them that within a few weeks they must transfer all assets - crypto or fiat - out of their wallets. Gravity had been warned that it wouldn’t be given a licence by the UK’s Financial Conduct Authority (FCA) - and so it had to close its service.Then, this month, a new email arrived. Gravity was restarting its service under the name of Gravity Money and was now based in Lithuania. Its former users were invited to reopen their accounts.It’s been a busy and traumatic period for Michael Hudson, the founder and CEO of Bitstocks, the London company which operates Gravity, as he explains on this week’s CoinGeek Conversations.It was “quite a blow, and quite a shock for us”, Michael says. “The FCA made it very clear in the discussions with them that it would be advantageous for us to withdraw our application as it stood a low likelihood of being approved.”Michael explains this result was typical for anyone applying with a crypto-related business: “well in excess of 90 percent of applicants have received a quite similar message.”But Bitstocks was hoping its proactive attitude to regulators over a relatively long period would mean it would be treated differently. “I try to not take it too personally,” says Michael. “It is unfortunate that we just got brushed with the same brush as everyone else in the space, irrespective of our approach. But I guess the FCA as a regulator is just too inundated and busy to actually look at applications based on their individual merit.”So how did Michael win the approval of Lithuania’s equivalent of the FCA? "Well, the great thing is that they're very structured and very clear about the processes ...in order to be authorised.” In fact, it sounds as though the Lithuanian regulator was everything Michael had hoped for in the UK: “they have a much more efficient process. And also the legal framework is a lot clearer. It's just been a great experience working with the Lithuanians.”Whilst Michael is as optimistic as ever about the prospects for his company (“I’m more bullish than you could possibly imagine, more than I could possibly state”), he feels he hasn’t received much help in his battles with regulators: “If I'm being quite frank, [I'm] a little bit disappointed there hasn't been more support about getting the BSV based solution in the banking system from some of the actors in the BSV space, because I do think it's really important. And I also feel like I'm actually the only one trying to address having a seat in this new transition table from a banking standpoint.”He’d like to see efforts to get big businesses using BSV for their supply chains and then using their endorsement to persuade bankers and regulators of its merits, rather than having the bankers, as he predicts, heading towards CBDC development based on a proof of stake model. Making BSV acceptable in the political and financial world may mean that miners would need to adopt a carbon-offsetting plan. “To ensure that we are not attacked …we need to be carbon zero and we need to have economic value dependent on our infrastructure that's actually the same economic value that's lobbying the political interests.”“If we start getting really big, huge brands dependent on this infrastructure, then there is a real commercial reason why they will lobby for this infrastructure and not lobby against it.”In the meantime, Michael’s customers will be pleased to be able to open the new Lithuanian version of their Gravity wallets.
Mar 16 2022
25 mins
How two old friends are supporting Ukraine with a charity NFT
Yuriy Porytko is a fifth generation Ukrainian-American who says sport has been a significant vehicle in his life when it comes to connecting with people. It was through skateboarding that he met Adam Hawley, the managing partner at NFTfamiliars. It’s a new NFT company which has just launched a charity initiative to support Ukraine. All the proceeds raised will go to the Joint Ukrainian-American Relief Committee (UUARC) to help Ukrainians affected by the country’s war with Russia. Yuriy describes Adam as a significant force in the skateboarding community having manufactured skateboard equipment and merchandise under his own company name, Failure. Having been in the same community for more than two decades, Yuriy considers Adam to be “family”.The Ukrainian Relief NFT collection is a collection of NFTs that can be purchased through NFT marketplace FabriikX. Adam guarantees that the purchase price will go direct to UUARC, something that is made possible with BSV Blockchain. “This NFT means your money goes directly within minutes into that account, into those people's hands, into this channel. The BSV aspect of it just enables it to happen immediately,” he explains.The NFT artwork functions as a keepsake for its owner and contains images that represent Ukraine, the resilience of its citizens and the spirit that guides Ukrainians as they navigate their way in the midst of war. As Adam tells Charles Miller in this episode of CoinGeek Conversations, this is the first charity initiative on NFTfamiliars. He believes that the BSV blockchain will also be able to help with the commercial aspect of integrating community. “It's basically all the familiarity. It's the familiarity of everything. It's the connectivity of everything. It's the blockchain.. through the different NFTs, which puts everyone in their own familiarity space and make them feel comfortable.”As parting words, Yuriy conveys this message to viewers and listeners: “People don't understand that the simplest little acts make the biggest difference. Every little thing counts. You know, just keep the Ukrainian people in your thoughts and your prayers.”    To find out more about the Ukraine initiative on NFTfamiliars, check out this CoinGeek article. And to purchase your own NFT and contribute to the cause, go to the limited edition NFTs on FabriikX.
Mar 9 2022
24 mins
Mandeep Singh: From medicine to rap, with a little help from Bitcoin SV
The real benefit of NFTs is that they can strengthen the relationships musicians have with fans and grant artists more control, says Mandeep, a rapper and doctor who has recently released his Bitcoin EP 1 on the RelayX platform. The album, which includes the tracks Trader Joe and Satoshi Bop, is comprised of seven songs. Each one has been released with a corresponding NFT, which fans have been invited to purchase using Bitcoin SV. The NFTs, known as $DEEP tokens act as lifetime revenue shares connecting holders to Mandeep’s music. This means that any fees he gets when his music is played will be shared out amongst token holders.   “I think that’s one of the main games that Bitcoin lets you play; it finally gives you the chance to control the incentives that people have for interacting with your work in a way that is completely flexible and up to you and so that’s the power that I’m trying to leverage to build a stronger community behind my work.” Speaking on this week’s CoinGeek Conversations, Mandeep says that he believes this will be an improvement on the status quo, where fans are only able to stream music on Spotify, with no real connection to the artist. “NFTs allow you to have greater control over what happens to your relationship with the consumer after the track has been released,” he adds. Mandeep predicts that others in the industry will soon come around to his way of thinking. He points out that a profitable NFT music platform, Jamify, has already been built on the Bitcoin SV blockchain to host musicians like him and ensure they get the exposure they deserve. Mandeep has even brought his music into the hospitals he works in. He says he often tries to encourage patients to freestyle with him, believing this to be particularly helpful for younger patients with mental health issues who might struggle to put into words how they are feeling under the scrutiny of traditional therapy. His devotion to music is such that he is taking the bold step of quitting a career in medicine to focus on it. From August this year he plans to scale back his time spent on the wards and concentrate on music instead, although he does plan to return to medicine later as a “psychiatrist… with a grey beard.” Medicine’s loss will be Bitcoin SV’s gain, as the multi-talented Mandeep is already using his creative thinking and passion for music to shake up the industry, one freestyle at a time. Check out some of Mandeep's work below: Trader Joe: https://relayx.com/market/ac7feddc254e0f2a401a39dd808a06b6e3a37b4ec6e3fbd9558adca3b0f8ef2d_o3 See Me As I Am voice choir, TedXNHS: https://www.ted.com/talks/elftin1voice_choir_see_me_as_i_am BL@CKBOX I S16 I Ep. 135: https://www.youtube.com/watch?v=sl7pFfCJ3d0
Mar 2 2022
33 mins
Owen Vaughan: Economics is now part of blockchain research
As nChain’s Director of Research, Owen Vaughan’s background is in the fields of high energy physics, cryptography and differential geometry. Now at the London research and development company for enterprise blockchain, Vaughan’s team provides foundational research in scalable blockchain technology. As he tells Charles Miller in this episode of CoinGeek Conversations, he is witnessing an uptick in individuals who have become experts in Bitcoin technology within the last four years. “We're seeing lots of different groups within the BSV ecosystem engaging in really serious research and understanding at a very fundamental level,” he says. He notes that developers are now capable of maximizing the use of blockchain technology by building applications that require large transactions and scripts - which was not seen several years ago. Vaughan describes nChain as “a wonderfully rich environment in which to research because there's so much to do and so much potential.” He points to a recent nChain discovery around miners validating transactions, saying this opens up a new paradigm in the field of cryptography and zero knowledge proofs. He also mentions the invention of a threshold signature scheme - a potential new product area that could be the best in the market.   nChain began as a research-led organization but over time has evolved into a more product-oriented company. It has led Vaughan to believe that understanding the challenges in the market will help them solve issues that lie ahead. One recent company initiative is to deliver digital cash solutions for central banks around the globe. As Vaughan explains, understanding economics is now integral to the work. He says inflation and monetary supply are some of the issues that needs to be properly examined and understood. “We believe we're more than just a tech company, but we are capable of modeling the cash flow in a particular country and explaining what the benefits may be and the challenges involved in moving that to a blockchain based solution.” On the question of nChain’s large patent portfolio, Vaughan says patenting is not the goal of the work that they do. But being able to acquire patents demonstrates the justification for the investment in research and helps defend the company and the BSV ecosystem against other operators who have their own patent portfolios.
Feb 23 2022
19 mins
Richard Baker: The Bitcoin SV community must unite to win over the market
The fastest route to enterprise adoption is for those within the BSV ecosystem to work together, says Richard Baker, CEO of TAAL Distributed Information Technologies Inc. Richard believes that mainstream adoption is close, and that the next two years will be critical in showing the world what Bitcoin SV is capable of, so long as the community sticks together. “We have to remind ourselves that right now we need to group together as an ecosystem and really power through the next 24 months… but this is the best technology and the best utility network for the long term.” “The fight is outside, it isn’t inside,” he stresses.Richard believes that Bitcoin SV is following a Gartner hype cycle model and is currently approaching a ‘trough of disillusionment’. While that may sound disconcerting, it does mean that BSV is one step closer to entering a ‘plateau of productivity’ where it will see mainstream adoption, something Richard predicts will happen around the time of the next Bitcoin halving in 2024. On this week’s episode of CoinGeek Conversations, Richard tells Charles Miller that his priority in his new role as CEO of TAAL is commercialising the transaction processing business. To do this it is integral that as many transactions as possible are happening on the Bitcoin SV network and that those transactions are monetised. He is particularly excited about developments in the play-to-earn gaming category which he says is “booming”. He singles out CryptoFights, a blockchain game developed by FYX Gaming and built on the BSV blockchain that is regularly recording daily transactions in the millions.  But it’s not just the gaming industry that Richard has set his sights on. He hopes that Taal will become a major blockchain infrastructure provider for a whole range of industries.   He explains that because of the interoperability of the blockchain and the “ability to jump in and out of all these different ecosystems, these metaverses, is going to require something that looks a lot like a Metanet service provider, we will need to have robust architecture that deals with all of the movement of microtransactions and identities in and out of all those different ecosystems.”  His experience as CEO of GeoSpock, a deep-tech software technology company, will stand him in good stead to guide Taal towards this goal. During his tenure at the Cambridge start-up, his focus was on translating real world data from sources like IoT sensors and smart street lighting into data for decision-making for governments and enterprises.  He also has experience in the Telecoms industry, building extensive optical fibre networks around the world in the early 1990s. This role saw him establishing infrastructure that became the backbone of the internet we know today and fostered innovation in a way nobody could have imagined, something he hopes to replicate at Taal, with the blockchain.  Richard is confident that he will be successful in commercialising the mining company and reshaping it into a dominant player in the blockchain landscape. He predicts a “joining of forces over the next three, five, seven years of mobile operators, the big cloud compute companies and the public blockchain leaders.”
Feb 16 2022
26 mins
Eswar Prasad: The cryptocurrency revolution will touch us all
The invention of Bitcoin and the subsequent proliferation of cryptocurrencies will have a lasting impact on traditional finance, says Eswar Prasad, Tolani Senior Professor of International Trade Policy at Cornell University and author of ‘The Future of Money’, a book exploring how finance is changing in the digital age. While he has his doubts about the utility of Bitcoin as a currency, arguing that it has largely become “a speculative financial asset” rather than the pseudonymous, peer-to-peer medium of exchange it was designed to be, he is confident its influence will change the nature of money for good. “I think the emergence of cryptocurrencies… is lighting a fire into central banks to start issuing digital currencies of their own. So, this is the sense in which I think the cryptocurrency revolution is going to touch all of us, even if you and I might never own a Bitcoin,” he says. Eswar predicts that we will soon see the end of cash, with it being replaced by Central Bank Digital Currencies (CBDCs) and privately run digital payment systems or some combination of the two.  He also believes that the creation of Bitcoin in 2008 sped up the FinTech revolution, a development which has democratised finance and made it more accessible, particularly in developing countries.  “The fact that even in low-income countries you now have people having very easy access to low-cost digital payment systems makes the life of consumers and businesses a lot easier,” he says.  He points to the Aadhaar biometric identification system in India as an example. The Aadhaar Act, which became law in 2016, makes it easier for Indians, especially those in rural areas, to verify their identity and open bank accounts, improving financial inclusion.  Figures show that the scheme has been game changing. In 2014’s Global Findex Database just 53% of adults in India had bank accounts, in 2017 that number had increased to 80%. That’s an extra 300 million accounts.  Talking to Charles Miller on CoinGeek Conversations, Eswar says he is impressed with blockchain technology and believes it will have a lasting impact. He sees it as not only the foundation for decentralised finance but also predicts that it will play a key role in innovations in public governance, something that we’ve already seen the BSV blockchain proposed for in Tuvalu.   But it’s not all good news where Eswar is concerned as he thinks the crypto mania that’s taken hold of our society has a darker side. “I think financial stability issues and investor protection, especially of unsophisticated retail investors who might be investing in cryptocurrencies, getting taken in by the razzle dazzle of the new technology and not understanding the risks… is a concern at the moment.”  Overall, he is cautiously optimistic about the impact the digital currency revolution will have on our lives, saying “I think there is a lot to look forward to in the new technologies but also a fair bit of fear.”
Feb 9 2022
29 mins
Joshua Henslee: Every significant metric is positive for BSV
Joshua Henslee, a former ERP and software consultant, isn’t worried by the falling dollar price of Bitcoin SV: “as the price goes down,” he says “it's almost as if the entrepreneurs and applications being built are going up.” Talking to Charles Miller on CoinGeek Conversations, Joshua says he is happy to see the increasing utilization of tokens, NFTs, and new marketplaces on the BSV blockchain. As he stressed, “every significant metric is in the positive trend for Bitcoin SV, except its dollar price.” Josh also discusses his views on legal matters, referencing the recent Craig Wright vs Ira Kleiman case. He questions the judge’s ability to issue a court order to miners to reroute coins or reassign ownership of a blockchain, saying that the judge did not have sufficient knowledge of Bitcoin and its workings. As he points out, the complexity of the case was evident as the court case dragged on for 45 days with the jury taking 10 days to deliberate and come up with a final verdict. Josh also questions the role of law when it comes to income tax in the Bitcoin world. As he points out, “the reality is a lot of people I know, most or some will not [pay],” he says. “It turns into more of the individual taking personal responsibility and doing what they're supposed to do.” In another of his YouTube videos called “Upload a file to the blockchain in five minutes,” Josh guides programmers to do as the title suggests. But for non-programmers like Charles, getting his hands on a user-friendly interface might not be too far away in the future, Josh says. “I think really it's the inability for the apps that do that to monetize that really give you a slick UI and make it really easy for the end user.” Josh is interested in two recent initiatives built on the BSV blockchain. The first is Jamify a music platform which lets users listen to music, purchase a music NFT and interact with the artist and vice versa. He says Jamify’s advantage compared to conventional music platforms existing today is its low cost barrier to entry and the artists’ ability to accept micropayments. The second initiative, 1000 Blades is an NFT card game in which participants can purchase NFTs and win rewards. To learn more about Josh’s initiatives, go to his YouTube channel.
Feb 2 2022
37 mins
Meike Krautscheid: Europe is waking up to blockchain technology
Europe is starting to realise the full potential of blockchain technology, says Meike Krautscheid, Chief Commercial Office at SmartLedger, a blockchain solution distribution channel. Meike believes that Europe is finally catching up with its transatlantic neighbours in recognising the power of blockchain as a solution. This is something that she hopes to capitalise on, by positioning SmartLedger as “one of the first movers in the field.” SmartLedger uses blockchain technology to provide solutions to clients through a combination of consultancy, partnership and internal development. This can mean anything from connecting clients with innovators working on blockchain applications to actually developing services to meet client’s needs. For example, SmartLedger recently developed TicketMint, a platform built to solve ticketing fraud, scalping and a lack of transparency in the events industry. Built on the BSV blockchain, TicketMint can operate on a global scale without worrying about high numbers of transactions and high transaction fees. It also utilises NFT technology by turning every ticket into an exclusive token.  This means that every ticket will be on the blockchain, timestamped and made to follow implemented rule sets. This will help to ensure ticket validity and make it almost impossible for purchasers to resell tickets at extortionate prices, due to the ability to place price ceilings in rulesets. On this episode of CoinGeek Conversations, Meike tells Charles Miller that TicketMint is just one of the exciting projects that the company is working on. She hints at further developments within the cybersecurity industry and an initiative called Proof of ESG, which they are working on with a Nobel prize winner. Meike is unable to publicly announce who the clients they are working with are due to privacy concerns, but she does say that they are “global companies that everybody knows.” In Meike’s role as Chief Commercial Officer, she needs to be well-informed about anything new being developed using blockchain technology.  “I go to the conferences; I speak about the potential of blockchain technology and I’m really an advocate especially of the public blockchain technology of BSV.”  She is also a member of the Women of BSV, a group of female influencers sharing knowledge and views about Bitcoin SV. She believes that being part of the Bitcoin community is an essential way to keep abreast of new and innovative products, along with more formal study like courses and certificates, of which she has many. Bitcoin is not Meike’s only passion. She is a talented double bass player who has taken part in concerts around the world, performing in front of large audiences. She explains that one of the reasons she wanted to diversify her career is due to concerns over sexism in the music industry, admitting to doubts about whether she will still be accepted as a female musician in her 50s and 60s. Charles and Meike even joke about the possibility of combining her passions by starting a BSV orchestra. She says, “I think there are many wonderful musicians in this space, and I think we can start a band, a BSV band.”
Jan 26 2022
29 mins
Going Green with Bitcoin SV
As more enterprises want to claim to be environmentally responsible and accountable, the accuracy of carbon footprint data gathering is a growing cause of concern. Businesses are looking for new ways to efficiently verify their carbon footprint, says Bryan Daugherty, Bitcoin Association’s North America Manager.Bryan recently launched a new initiative on the Bitcoin SV blockchain called Proof of ESG (environmental, social and corporate governance) also known as The ESG Timestamp Initiative. The company aims to “reimagine ESG reporting and impact through strategic blockchain reinvention and business transformation.” Figures quoted by Bryan show a significant carbon footprint for each BSV transaction, but he argues that this will decrease as more people start to utilize blockchain. Until then, he puts focus on the developments in enterprise efficiencies that have been achieved with blockchain. He points to companies like MetaStreme and WeatherSV that have collected immutable data utilizing blockchain technology, saying that blockchain allows people to make informed choices. “As we go into this next industrial revolution utilizing blockchain, it really does provide this foundation for not just efficiency and utility but to authenticate this data and break down these data silos and integrate a lot of more information where you can make better decisions.”The Proof of ESG founder talks about a partnership with Pure Shenandoah, a company based in Virginia that grows hemp and produces CBD and sustainable products. Individuals who wish to reduce their carbon footprint can purchase an NFT called ‘hash power up’ from  M.R. Megawatt and Friends, a sustainable gaming and sustainable NFT platform. That allows an individual to own a small plot or a few hemp plants from Pure Shenandoah which farmers can grow the next season. As he explains, per season, crops produce an average of 1.2 tons of carbon sequestering per acre. This allows any individual to participate and contribute to carbon sequestering through NFTs. Individuals will also be given the opportunity to be incentivized by playing a game on the M.R. Megawatt and Friends platform. And just like Haste, players on the leaderboard will get a chance to earn micropayments back. But unlike Haste, the game comes with an environmental incentive: eighty five percent of its fees will go to Pure Shenandoah enabling its farmers to plant more hemp.   On this episode of CoinGeek Conversations, Bryan explains to Charles Miller how blockchain can assure companies that data is authenticated, honest and reliable. But what about the accuracy of the data going into the blockchain system? Bryan explains how IOT devices can be used for data gathering. “We're using everything from drones and cameras and atmospheric measuring devices. Once you're getting this data, it's a matter of utilizing it as well. And that's where blockchain also comes in because it's not just the events streaming or the storage, but it's also the computational power of this distributed small world network that you can start to use all sorts of cool analysis and metrics.”      Bryan has also recently been appointed as a subject matter expert to the Cybersecurity and Information Systems Information Analysis Centre (CSIAC), a component of the United States Department of Defense’s Information Analysis Centre enterprise. Bryan describe the CSIAC as “a group that facilitates some of the communication and research into emerging technologies across the Department of Defense and&
Jan 19 2022
31 mins
2021: A year of innovation and litigation
It was the year in which, despite everything, CoinGeek managed to bring BSVers together in Zurich and New York for two magnificent three day conferences. Both online and in person, they showcased the vibrancy of entrepreneurship around BSV, featuring a host of new projects like Peersend, Haste and Project Babbage, while also digging into its history with blockchain pioneers Stuart Haber and Scott Stornetta and cryptography guru Ian Grigg. Then, of course, there was that trial: the seemingly endless drama in a Miami courtroom in which Dr Craig Wright successfully defended himself against accusations of fraud from the brother of his late friend and colleague Dave Kleiman.And it was the year in which the world learnt, to its bafflement, about blockchain technology through the extraordinary prices being paid for NFTs. So how to sum it all up, from the perspective of the 48 editions of CoinGeek Conversations that were aired in 2021? In the final show of the year Charles Miller was joined by the two founders of the Women of BSV group, Diddy Wheldon and Ruth Heasman and his reporter colleague, Claire Celdran. Their choice of highlights led to discussion that included Terranode, Ira Kleiman’s emailing habits, Craig Wright’s audiobooks and those ubiquitous NFTs.  On that subject, Ruth Heasman was happy to trumpet the advantages of BSV: “comparing the differences between BSV and other blockchains, there's really no one else doing it the way that BSV is doing it at the moment,” she said. “The fees mean, on Ethereum, that generally artists, unless they sell an awful lot or at a very high price, then they're not making any money from their artwork. But on BSV of course, transaction fees are often less than a cent, or certainly less than a few dollars anyway.”Claire Celdran picked a clip that told us something about Craig Wright which had nothing to do with Bitcoin. He was talking about his huge consumption of audio books, sometimes through the night. For Claire, it was a welcome insight into his personality: “he has a certain charm about him because he's smart. And from what I've learnt in the many interviews that I've seen of Craig is that he loves to learn. He's had this never-ending journey, picking on all these courses from different universities. So that's something I admire about him.”It was the potential of Terranode that Diddy Wheldon wanted to highlight, choosing a clip from the Zurich conference in which nChain’s CTO Steve Shadders performed a live demo of scaling on the BSV blockchain, which Diddy believed, “proves the point of the scaling debate.” Indeed, Steve’s demo showed 50,000 transactions per second, with the promise of at least double that being possible.As for the prospects for 2022, Ruth Heasman confessed she was up for more of the same: “more intrigue. I love it, it's like being part of a soap opera almost, following Bitcoin. But it's fascinating. It's ever changing. It's exciting. And I just couldn't imagine not being in the middle of it. I really couldn't. I love it.”Happy 2022 from CoinGeek Conversations!
Dec 22 2021
29 mins
Stefan Matthews: TAAL is much more than a one trick pony
As the outgoing CEO of TAAL Distributed Information Technologies, Stefan Matthews is pleased with the health of the business he’s handing on to his successor: “things are going very well at TAAL,” he says, on this week’s CoinGeek Conversations.TAAL is a publicly-quoted business on the Canadian stock exchange which began as a blockchain miner but now sees itself as the provider of an expanding range of other services too. The emphasis has switched from one source of mining revenue - the bitcoins that a miner receives for winning a block, the so-called block reward - to the other source - micropayments received for every transaction processed as part of a block.TAAL reports that its revenues doubled from Q2 to Q3 of 2021 - from about $6 million to $12 million. But transaction processing still only accounted for 3 per cent of those totals. In 2024, Bitcoin software will automatically effect another halving of the level of block reward that miners receive for each block, so the race is on to build up transaction processing. From his contacts in the industry, Stefan is undaunted by the challenge:“The number of calls I get, the number of messages I receive from participants in the industry, the amount of development activity that's going on - and some of the projections that these organisations have around their transactional activity on the network is massive.”In Q3, TAAL processed an impressive 52 million transactions - but that only shows the mind-boggling numbers that are going to be required to replace the block reward income and the tiny revenue per transaction that TAAL receives - about an eighth of a cent per transaction. It’s the microscopic size of the transaction fee that holds the key to multiplying their numbers - by attracting businesses to use the ultra-efficient BSV blockchain.But Stefan says there’s more to TAAL than those two sources of mining income: “it's not just about the number of transactions and the fees from those transactions that are in the blocks. There are a lot of other things we do in terms of providing business services and blockchain-as-a-service.”“We have multiple APIs. We build customised nodes to suit specific business applications that our clients are working with. And we're going to be deriving a significant amount of revenue down the track from activities that are not just what you see in terms of packing transactions out of mempool into a block.”TAAL has been expanding, partly through acquisitions, such as the BSV block explorer, WhatsOnChain, whose APIs are already processing up to 90 million transactions per month. For the moment, that service is offered free, to encourage businesses to understand and explore the potential of BSV. But in the future that will change, and, like TAAL, WhatsOnChain will expand the services it offers, says Stefan: “WhatsOnChain isn't a one trick pony as well. It's got a number of components to it and it's got a development roadmap.”In January, the former CEO of the British BSV startup Geospock, Richard Baker, already a TAAL board member, will take over as TAAL’s CEO. Stefan will remain as Executive Chairman “so I will continue to have an executive role in the business supporting Richard”.
Dec 15 2021
21 mins
Ty Everett: Building a better internet
Ty Everett has big ambitions. His Project Babbage is named after the 19th Century British mathematician and inventor Charles Babbage, often called the ‘father of the computer’.The Project Babbage website invites us - in big, bold type at the top of the front page - to “Help revolutionize what it means to use computers. Help preserve what it means to be humans.”So how’s that going to work? The answer lies with the BSV-based Metanet which Ty describes as “a new version of the internet,” adding that “it’s a version that I think people are going to really like when they get to understand it.”Project Babbage will provide an interface between users and the apps and services they use, an interface which stores each person’s identity and online history - the personal details and data currently stored so profitably by tech giants like Facebook and Google. “When we allow people to move between apps and services while retaining ownership over the things that they've done over the people they've connected with, over the ideas that they've shared, we can enable a better way for value to be conveyed and conducted and assessed,” says Ty. Speaking on this week’s CoinGeek Conversations, Ty describes how his Babbage Desktop will act as “a single identity layer”. Instead of having to provide the same information to each service provider, you’ll be able to deploy it from what’s stored on the Babbage software, to anyone you give permission to access it: “You have one account, one password, one set of keys, so to speak, that control the different ways that apps can interact with you, using Bitcoin.”Project Babbage will allow BSV startups to leverage users’ collected details from its desktop centre, but in time it will also, Ty believes, attract existing businesses to make themselves Babbage-compatible: “If existing apps are smart, if you are a data silo, if you have a bunch of users and a bunch of data, eventually it will make sense for you to voluntarily break down those walls and start moving all of that data that you have on chain by using Bitcoin transactions to build up a collection of the things that existing users have done.”From its earliest days, one of the promises of Bitcoin (‘digital cash’, as the White Paper describes it) was to add a monetary layer to the internet - a feature whose absence was so often said to create time-wasting processes and unnecessary costs. Project Babbage plans to rectify that, making use of Bitcoin SV’s micropayment capabilities: “One of the biggest things I think that we can achieve with Bitcoin and micropayments is the reduction of economic friction,” says Ty, “because when you don't have to go through a whole bunch of hassle in order to set up agreements and arrangements and have them be affected by all of these legacy processes that create a lot of overhead and a lot of cost, [then] creators can create content and earn money from it without needing to sign up through all of these different things and depend on revenue that comes from one data broker such as such as YouTube or Facebook.”Ty says his big vision does not depend on building a huge team. Much of the work will be done by him personally: “I've written a lot of code. I've built a lot of these components already.”Will Everett be the new Babbage? Watch this space.
Dec 8 2021
22 mins