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20 minutes | Aug 10, 2022
Errol Hula: How Bitcoin SV can call out fake news
Have you ever wanted to call BS on something you’ve seen online? For most of us the answer is a resounding yes. That’s why Errol Hula is building a system that allows users to mark whether information on social media is accurate or not. His application, called NOBL, includes a BS button which users can click on if they see something online that they know is not true. They can also add external links to posts to prove that material is false. Errol says that by aggregating all this information the system can display which posts can be trusted and whether a user is trustworthy or not. He believes that this will solve the problem of identifying misinformation online, while still allowing people the freedom to speak their minds. “We won’t get rid of loud voices but what we’ll hopefully do is be able to, rather than just shouting at one another, hopefully have more reasoned discussions.” Errol tells CoinGeek's Charles Miller that the other issue he aims to tackle is the lack of privacy in social media. Instead of making money from harvesting user data and selling it on to third parties, as so many leading technology companies do currently, NOBL will use a micropayment system. This will allow users to monetise content where they see fit and allow readers to tip writers or posts that they find interesting. “The goal is to generate enough revenue from the subscriptions and the tipping and that micro economy that it can actually fund the free use for others.” Due to the Bitcoin SV blockchain’s high scaling capacity and low fees, micropayments are possible in a way that they are not on other blockchains. Users will also be able to control their newsfeeds by adjusting a slider, which Errol calls ‘the BS filter’, meaning people can choose what they see online rather than being at the mercy of whatever algorithm is put in place by social media companies. Errol explains that he was motivated to build NOBL to solve real world problems, such as the proliferation of fake news online and the concentration of power that big tech currently enjoys. The impact that these issues are having on democratic society became increasingly evident in the Donald Trump era, with the former President banned from Twitter for spreading misinformation about the 2020 US presidential election and the part his tweets played in the 2021 United States Capitol attack. Errol hopes to transform the future of social media by harnessing the power of Bitcoin SV, but he stresses that the digital asset will be just the ‘plumbing’ that underpins the product and not the main attraction. “The fact that it uses Bitcoin SV is not going to influence whether someone is interested or not. If it’s a product that’s going to succeed because it solves a problem, investment will follow.”
21 minutes | Aug 3, 2022
Kumaraguru Ramanujam: Using Bitcoin SV to send money across borders
When Bitcoin was first invented, many hailed it as the solution to inefficient cross-border remittances. But because of the high fees associated with transactions on the Bitcoin Core network, it has never been able to live up to its full potential. That’s why Kumaraguru Ramanujam has chosen to build on the Bitcoin SV blockchain instead. His application, MoneySwipe, aims to bring down fees for sending money abroad from the current global average of 7 percent to just 1.5 percent. He explains to Charles Miller on this week’s episode of CoinGeek Conversations that the company is aiming to tackle the UK –India remittance corridor first. This makes a lot of sense as India tops the list of countries receiving personal remittances. According to a 2022 World Bank Report, a whopping $83 billion is sent back to the country each year in payments. Ramanujam’s plan is to work with regulators in India to create a cross-border payment solution without high costs. He explains that the Reserve Bank of India (RBI) has set up a regulatory sandbox with the intention of finding companies using blockchain to bring efficiency to the billion-dollar remittance industry. The sandbox originally opened in 2018, with a company using Hyperledger Fabric selected, but it has now reopened, and Ramanujam is keen to show the RBI the power of Bitcoin SV. “We first show the regulator that BSV’s better than Hyperledger then we show them, okay, yeah, transfer of value can also happen.” The introduction of an efficient remittance system like this would be a gamechanger for the Indian economy. If costs could be brought down to 1.5 percent, this would mean over $4 billion could be saved and go straight to the recipient, instead of being lost in fees. This would also benefit the government as it would receive more foreign exchange reserves. “It’s a win-win and it’s a stated aim of the United Nations’ sustainability goals to bring remittances down from 7 percent to 3 percent,” Ramanujam points out. While the application is powered by the Bitcoin SV blockchain, stablecoins have been enabled so they can be used as a bridge asset, to ensure liquidity and comply with regulation. The final application, which will be launched by the end of the year, will be informed by how MoneySwipe engages with regulators. The hope is that by working closely with them, the final product will be innovative, relevant, and risk-free. The focus for now is India and the corridor with the UK, but once this has been developed, he intends to turn his attention to other regulators to create remittance solutions that work with governments across the globe. Ramanujam believes that being able to show experience working successfully with one regulator will make it easier with others. "We want to work with the regulator who’s open with their policies right now, rather than us telling them this is how things have to be done - so we are looking at countries that are open right now with sandboxes.”
29 minutes | Jul 27, 2022
Lou Yu: Why young people need the metaverse
If you haven’t heard of the metaverse, it’s likely you’ve been hiding under a rock for the last couple of years. Hailed by many, including Facebook (which even changed its name to Meta in October 2021) and Microsoft, as the next generation of the internet, the technology provides a way for internet users to connect online within a virtual world. One person who is bullish on the technology is Lou Yu, head of KuCoin Labs, the investment and incubation arm of cryptocurrency exchange KuCoin. She believes that the metaverse will be the place to be for the next generation of entrepreneurial internet users and is putting her money where her mouth is by investing in several metaverse companies. She explains that a lot of people are drawn to the metaverse because of the freedom it offers. “We can do a lot of things that we can’t do in the real world, for example flying, throwing things in the ocean which is very unethical in the real world but in the virtual one you can do it and it’s not a mess.” One thing that many people can do on the metaverse which they might not be able to in real life is buy property, which is a cornerstone of Bloktopia, one of the companies that KuCoin Labs has invested in. Bloktopia is a metaverse which consists of a skyscraper, made up of 21 levels where users can become virtual landlords, earn revenue, play games, and build networks. “People are purchasing lands like empty places in the Metaverse to lend to people and to build their own things so they can build a building or a space or a pool,” Lou explains. Lou tells CoinGeek’s Charles Miller that she believes the social aspect also plays an important role in the popularity of platforms like this, with many younger users signing up during the Covid-19 pandemic as a way to connect online. She says that one game KuCoin Labs invested in that saw an influx of users during the pandemic is Cryowar, an NFT multi-player arena, which is very popular with young people. “They’re making money with it, they’re happy with it, they can socialise with it, they can help their parents with it, they can help themselves buying a lot of things that they like with this money. So actually, young people they need things like that, and they need those kind of economic aspects.” Both Cryowar and Bloktopia have their own tokens, which are currently not worth very much. Lou sees this as a positive though as it means that players are happy to spend and trade within the game without worrying too much about losing money, as they might with an asset like Bitcoin. She believes that this traction will gradually bring more attention to these communities, allowing developers to build up more mature token systems as the ecosystem develops. This is a positive for investors who will see return on their investment as the metaverse gets busier and the coins get more valuable. But it’s also a good thing for young gamers who will be given the chance to exchange coins and educate themselves about how marketplaces work, without losing real money. This is imperative for the survival of these games and for creating much-needed trust in the industry.
20 minutes | Jul 20, 2022
Ajaypal Pama: BSV attracts new users to blockchain gaming
GameFi, a cryptocurrency company that brings gaming to the blockchain aims to make cryptocurrency accessible to everyone through playful means. Incorporated in Zug, Switzerland, the company offers its users a three-tiered cryptocurrency ecosystem that allows players to evolve from one token to another. The PIKA coin currently running on the Ethereum network is GameFi’s initial cryptocurrency. METRA is its second token offering that can be used to either stake or evolved into the third and rarest GameFi coin, Ki. Speaking to Charles Miller on this episode of CoinGeek Conversations, company chairman Ajaypal Pama says GameFi is a one stop hub where users can enjoy the ecosystem in more ways than one— as a gamer, an investor or an NFT trader. GameFi provides its users with a deflationary model design wherein PIKA, METRA, and KI are predicted to become scarce commodities creating significant wealth generation for investors. Ajaypal noticed that with other blockchain games, rewards start to decrease as more players join in. For this reason, GameFi is limiting the amount of users who can play GameFi’s play-to-earn games. Ajaypal says this will allow the value of their NFTs to increase due to its limited quantity. Currently, GameFi’s blockchain games are built on the Ethereum network but as Ajaypal explains, Ethereum’s gas fees are too high, making it difficult to onboard new users. “The entry barrier for people getting into crypto is way too high and that's what BSV is solving, that's why we're choosing BSV - BSV can do micropayments, Ethereum cannot.” Ajaypal is looking to have a feature within their ecosystem that will allow users access to BSV. “We would like to have a bridge available that the user can bridge their different tokens over to the BSV,” he says. With Ethereum, gamers have to pay $10 in gas fees to get $5 in rewards, and new users have to pay a $30 network fee to buy $100 in cryptocurrency. “That doesn’t make any sense,” he says. Before joining the Bitcoin space, Ajaypal was an electrical engineer who began trading stocks and forex with the guidance of Capital Hungry, a platform that offers fundamental and technical market updates and analysis. Originally trading stocks and forex, Ajaypal made the switch to crypto trading and made his first investment with the Pikachu coin. Unfortunately, Pikachu’s original developers decided to abandon the project, he says. Pikachu coin owners were stuck with a 95% drawdown and didn’t know what to do. Ajaypal decided to reach out to the Pikachu community and convinced them to trust him and his team with a new project. “We asked them, send in your old tokens, we will drain the liquidity pool, we will launch a new token which is ours, Pika, and we will use the liquidity pool to fund our new project - and that's how Pika came to life.” The project has since evolved after a series of ups and downs. Ajaypal and his team managed to increase Pikachu’s market cap to $100 million from its previous $35,000 mark. However, after a series of changes that resulted to Pika, many of the users have lost interest. “There's too many changes happening, first, there's a swap from Pikachu to Pikka, now there's Pikka V1 and there's Pikka V2, they sort of lost faith in the project.” Pika’s market cap is now valued at $4 million. Despite the significant drop, Ajaypal is confident that the coin will rise above its previous $100 million market cap. “The thing is, we're here to prove the people wrong, but, you know, we're still here, we're still developing… and we'll take it $1 billion this time.” Ajaypal who was in attendance at the Dubai Global Blockchain Convention is impressed with what he witnessed within the BSV ecosystem. “I love it here everybody is so keen to help each other.” As far as what to expect from GameFi, Ajaypal mentions an NFT marketplace that has already launched on Polygo
27 minutes | Jul 13, 2022
Paul Rajchgod: BSV opportunities for existing enterprise software businesses
Ayre Ventures invests in ground-breaking businesses powered by BSV technology. Its Managing Director, Paul Rajchgod says he receives a stream of business proposals through platforms such as LinkedIn and through the CoinGeek and Ayre Group websites. Paul stresses that for Ayre Venture, completing a deal with a new business is just the start of the relationship. “We have frequent meetings with the company, we make lots of introductions to other companies, which is one of the things that VCs are meant to be used for - it's not just a blank cheque.” Paul says that Ayre Ventures carries out extensive due diligence before investing. “We need to go into the forecast and understand why the company thinks those numbers are going to pan out.” The process is carried out by an investment committee, which also acts as the deciding body who makes the final push towards granting a company the funds it needs. On this episode of CoinGeek Conversations, Paul talks about companies under Ayre Ventures that are making waves in the bitcoin space. As he tells Charles Miller, MintBlue, a BSV “ground-up company” that uses BSV technology in their accounting software service product, reported hitting two million transactions on the blockchain in the form of digital invoices. He also mentions RAD NFTV, a live-streaming platform that uses BSV as an added layer to its NFT offerings. Paul is keen to encourage existing enterprise companies in the growth stage to explore the opportunities offered by BSV. As a venture capitalist business that exclusively supports BSV technology, Paul points out Ayre Ventures takes a dim view of companies in their portfolio that don’t develop their BSV projects – however successful they may be in other respects: “I'll just say that where a company has not delivered by choosing not to go to BSV for whatever reason, we find that unacceptable. It's a breach of our contract and we look to exit.” Paul would like to see more enterprise software companies approach him. And he’s not saying that existing businesses can’t continue their involvement with other blockchains at the same time as with BSV. He reverts back to RAD NFTV: “Rad is saying we'll continue to sell Ethereum NFTs and whatnot and we're going to use BSV internally to manage everything… that is a unique business.”
22 minutes | Jul 6, 2022
Daniel Keane: Botany meets blockchain
Many would have you believe that Bitcoin and the environment don’t mix. But that simply isn’t the case according to Daniel Keane, co-founder and managing director of Predict Ecology. Blockchain is actually a real asset to the environmental industry because its immutable ledger technology means there is a permanent and reliable record of data. “In 100 years’, time, you’ll still have that string of numbers, they will still be written to the blockchain.” This is particularly important when it comes to monitoring and predicting ecological changes, which is Daniel’s area of expertise. He explains that it’s essential to collect and analyse data to see the effects human development is having on biodiversity so future projects can reduce their impact. This is something that Daniel has experienced first-hand in his time working as a consultant for the mining industry. Mining companies are required to rehabilitate and repair the ecosystem once mining has ceased, and it was Daniel’s job to check they were doing a good job. “I’m a botanist, more specifically, and oftentimes I was validating and assessing the rehabilitation that they had planted back, comparing it to the reference ecosystems that they were trying to achieve,” he says. Daniel tells CoinGeek’s Charles Miller that it was when he attended a start-up weekend in Queensland with Paul Chiari, founder of WeatherSV and MetaStreme that he realised how useful the Bitcoin SV blockchain could be for his purposes. This is when Predict Ecology, an environmental and ecological consulting firm with a focus on real-world data and predictive modelling was born. Predict Ecology starts off by gathering data using a mobile data collector. The data is then validated and verified using traditional field survey techniques. The combined datasets are then loaded to the BSV ledger using the MetaStreme transaction processor, allowing the data to be indexed and retrieved in a self-serve “pay-per-view” framework, open to researchers and modellers worldwide. Daniel explains that by inputting data onto the blockchain, the risk of any damage to the information is eliminated. This is reassuring for clients working with large volumes of data over many years. “I might have gone out of business, I might have had a server fire, I might have lost my notepad. There’s a whole heap of variables there so that peace of mind for the long-term check that’s where it really comes into play.” Daniel says he wants Predict Ecology and MetaStreme to be the ‘plumbing’ that works behind the scenes to ensure clients can utilise the power of the blockchain. This means that customers without any technical or ecological knowhow can interact with the BSV blockchain to easily record data and keep an eye on their environmental footstep. His aim is admirable: a network of long-lasting and high-quality data that will help companies monitor and model biodiversity. It’s also a powerful example of how blockchain technology can be used in the fight against climate change.
26 minutes | Jun 29, 2022
Blockchain for health and education in Africa
When cases of Coronavirus escalated in countries around the world, governments and health officials scrambled to develop and distribute vaccines. But how can individuals demonstrate their vaccine status? Catherine Lephoto, executive sales director at VX Technologies, is on a mission to help transform the health and education sector in African countries using blockchain technology. While heading a Covid response program, Catherine saw an opportunity to utilize blockchain to create a system of record keeping for vaccinated individuals. Her company’s product, VXPASS, verifies and authenticates an individual’s vaccination status using the BSV blockchain. It operates through a QR code which can be stored in a smartphone or printed on a piece of paper. As Catherine explains, an individual can show their proof of vaccination by presenting their VXPASS code. The establishment checking the code will then be directed to a VX verified website which shows the individual’s personal information. The individual will also present a valid ID allowing the overseer to match the individual’s identity. On the question of securing an individual’s private details, Catherine explains that that technology “is meant to only marry the personal identifiable information with the record at the time that you as the owner of the record give the key”. Catherine points out that VXPASS is not only focused on the Covid 19 vaccination verification process. She says it could also help with the digitization of childhood vaccination records. Medical practitioners’ current two-step process entails noting the vaccine on a piece of paper that is given to the patient, followed by manually inputting the information into a computer database. She sees a problem with the system, saying “half the time that [software inputting] never gets done, so later on when I come back, nobody has me on the system having received the vaccine that I have a paper record for …it's just inefficient.” Catherine is the only VX Technologies executive based in Africa. As she tells Charles Miller on this week’s CoinGeek Conversations, she feels blessed with the opportunity to help articulate the needs of the African people. “We always talk about Africa as a land of opportunities, for entrepreneurialism and big business …How many of those companies are actually spending time on the ground to understand what the needs are and develop solutions to address the needs?” Another issue she plans to tackle is Africa’s education system, saying employers should be able to access a student’s academic achievements through a trusted system. As she explains, students who are unable to complete their studies and get a college degree may still be eligible for work as long as they’ve completed a series of courses. “I should be able to find a way that I can verify that this young person has actually gone through this many courses at this college. Yes, they may not have yet graduated, but if they have the right skills that I need as an employer, I’m happy to give the right job.” Catherine’s insights which she imparts to VX Technologies often derive from her own personal experience. As she explains, Africa’s financial resources are limited, and so BSV’s low cost is a perfect technical solution to address its needs. Catherine hopes that Africa will embrace new technology. She is optimistic that governments will appreciate and adopt blockchain believing that it will leapfrog the existing technologies that are less affordable. “At the end of the day, we're trying to develop sustainable products …it's really about being forward thinking in addressing what the needs are.”
32 minutes | Jun 22, 2022
Joe Holles de Peyer: My ‘eureka’ moment about the value of blockchain
For Joe Holles de Peyer, co-founder and COO of Gate2Chain, his ‘eureka’ moment came, as so many of the best ideas do, from his experience of a real-world issue. When he was living and working in Mallorca, the Port of Palma set up an IoT sensor infrastructure to measure the air quality of the island’s capital. Despite a regular influx of pollution-causing cruise ships the data that was presented claimed the air quality was perfect. Joe says that as he knew this wasn’t the case and he lost trust in the data. With IoT, he says, “there are so many steps in the process, so many things that can go wrong, from not cleaning a filter to actually manipulating the data when you put it on your computer.” As he tells Charles Miller on this week’s CoinGeek Conversations, this was when he and his team started experimenting with implementing blockchain with IoT devices and discovering the power of the technology to prove data integrity. He found that using blockchain, he could program devices to behave in certain ways dependent on real-time information, while also certifying the accuracy of data through a signing mechanism. The ‘eureka’ moment, he explains, is the realisation that “the blockchain allows us to send, to share, to store information and value on the same protocol. On the old internet we were just sharing information and now thanks to the blockchain we can also share value and attach value to information and share it on the same protocol.” Joe originally chose the Ethereum blockchain to build on but switched over to the BSV blockchain when he realised the former wasn’t fit for purpose. Gate2Chain is now utilising the power of the BSV blockchain through two sets of products. The first is an easy-to-use developer suite which allows users to connect new or existing apps, websites, games, or any other system to the blockchain. The second service, which is currently in development, is called Minta. “It’s a one-stop shop, it’s a wallet, a bank account, it’s integrated also with a conventional bank so you can actually have your euros, your dollars, your dirhams, it’s an NFT minter, it’s a marketplace, it has a messaging app in it, it’s a bit of everything.” Joe explains how a service like this can provide real-world value, giving the example of a freelance photographer. Instead of using a third-party system to send photos and a separate payment platform to receive the money, this could all be handled in the Minta platform. Photos would be uploaded in the form of NFTs and shared with a client with a value already programmed in. The money could then flow directly from one account to another, removing any need for trust for both parties. Minta is being built to be user-friendly as Joe wants to ensure that Gate2Chain’s services are accessible for everyone, not just for those with technical knowhow. “It’s about making blockchain easy,” he says. The easier the products are for people to use, the more appealing they will be to the everyday user and the wider adoption is likely to be. This will bring Joe one step closer to his goal of revolutionising the internet and creating a digital world better suited for the people using it.
20 minutes | Jun 15, 2022
Patryk Walaszczyk: What IBM is learning from working with BSV
IBM and SmartLedger’s Certihash are working together to develop a BSV blockchain-based product that will reduce the costs and time associated with cyberattacks. Speaking on CoinGeek Conversations, Patryk Walaszczyk , a blockchain solution expert at IBM Consulting, says that most of IBM’s blockchain projects have until now been built on Hyperledger. Working on this project that uses a public blockchain like Bitcoin SV expands IBM’s knowledge. “We are trying to experiment with a public infrastructure like Bitcoin SV, we see the potential of this information and the possibility to enter the web3 ecosystem.” Patryk says IBM typically develops software using the so-called waterfall method, which means approaching a project stage by stage. Certihash, in contrast, practices agile development. He acknowledges IBM’s intent to learn from Certihash. “To learn to be agile, you have to cooperate with the companies who truly understand how agile works.” IBM and Certihash are in the process of creating and developing the Sentinel node, a suite of tools on the BSV blockchain that aims to improve cybersecurity. Patryk describes the sentinel node as “a product which could potentially be identified as a second layer security tool …dedicated to data breach detection.” He alludes to ‘permissionless’ blockchain technology such as BSV, saying “we've been experimenting already with the public infrastructure, and we know how it works.” However, he says that verifications will be required to validate the efficacy of BSV at an enterprise level. “We'd like to test it and get knowledge whether it works similarly to what we have done on the permissioned ledgers”. Patryk recognizes BSV’s potential in creating enterprise grade solutions. After experimenting with Ethereum and BTC, he believes in BSV’s ability to deliver a high quality performance with low transaction fees. And from a technical perspective, he says “we believe that the foundation is solid, the white paper is solid.” Despite BSV’s capabilities, the question remains as to whether enterprises will consider using a public blockchain. According to Patryk, permissioned blockchain is viewed by many companies as a safe option. “You are in control of your data, you decide who will see it …a public blockchain is completely different because whatever you are going to put into a blockchain will be publicly available.” He says public blockchain solutions may always be a hard sell to companies in the financial and capital markets. “I don't believe the public blockchain infrastructure will be utilized by all companies in the future.” After attending the recent BSV Global Blockchain Convention, Patryk is convinced that BSV companies are focused on finding solutions to real business problems rather than using BSV for financial speculation. “I think that's a good thing from a business perspective …to justify using this technology instead of focusing on which is going to be the best choice for future earnings.” Patryk also expressed interest in working with other BSV companies saying, “if there would be any company interested in our services, we are keen to start cooperation.”
26 minutes | Jun 8, 2022
Somi Arian: Could BSV be the Microsoft of Web3?
Tech philosopher and entrepreneur Somi Arian envisions a society that is free from the shackles of tech companies like Meta and Google. Her advocacy is to uphold human integrity by allowing individuals to own their data. While studying political philosophy at the University of St Andrews in Scotland, Somi expressed her political grievances through music, as the singer in a death metal band. “The interest in heavy metal music is an indication I'm an anarchist at heart …I've always been against governments, I've always been against authority of any sort,” she says. When Somi first learnt about blockchain in 2017, she says she knew in an instant that the technology would disrupt Amazon, Facebook, Google and the likes. For her part, the decentralization aspect of blockchain is the solution to data-ownership issues. As she explains, “blockchain technology is really interesting because of the possibility of self-organization …minimizing the impact of governments.” Apart from speaking in international events, in 2018 Somi released an award-winning documentary called The Millennial Disruption which discusses how digital natives are changing ecommerce. She’s dedicated most of her work in educating people to issues concerning technology and its impact. As she explains, “the type of life that I'm inviting people to live is going against the grain of how you are being programmed by Meta and by the governments.” On this episode of CoinGeek Conversations, Somi is keen to point out to Charles Miller how countries like China disadvantage their people through the government and the corporations working together:“we have now got a problem of nation state and then we have the problem of the corporate state, they're both as bad as each other, so I don't necessarily think that nation state is our guard against the corporate state and vice versa.” In her view, decentralization is a hedge against the system and she is adamant about educating people about it. She wants people to realize that that CBDCs are not the type of cryptocurrency that are decentralized, nor are the tech giants. If people understand this, they can extract themselves from these systems. Somi’s company, InPeak, aims to educate individuals about the ownership economy in the next generation of the internet. “In” stands for ‘inspire’, ‘in this together’ and ‘inclusive’. The company offers its customers a subscription service that primarily educates individuals about bitcoin and blockchain. Soon, the company will offer an NFT option for membership. As for the benefits of doing business in Web3, Somi explains that unlike Web 2.0, Web3 allows anyone to own their content and get paid directly without going through third parties such as banks. Somi spoke at a panel discussion at the BSV Global Blockchain Convention in Dubai where she made a keen observation about Apple and Ethereum. She says, “if Ethereum is like Apple, there's room for a Microsoft and it is yet to be determined who is going to be that Microsoft… so maybe BSV could fill that gap.”
22 minutes | Jun 1, 2022
Dr Mohamed Al Hemairy: How blockchain can stop academic fraud
Fake degrees are a growing problem worldwide and can cause serious issues for employers and recruiters. While the practice may not be new, the advent of the internet has made it easier than ever to get hold of fraudulent qualifications. It’s difficult to work out how many fake degrees are in circulation, but George Gollin, a member of the Council for Higher Education Accreditation estimates that over 100,000 fake degrees are sold each year in the US alone. Globally, the numbers are likely to be in the millions. Dr. Mohamed Al Hemairy, head of the Technology Transfer Office at the University of Sharjah, is confident that he has found the solution. His team have partnered with the BSV Blockchain Association to build an academic certification and accreditation platform using the Bitcoin SV blockchain. He explains to Charles Miller on this week’s episode of CoinGeek Conversations that the plan is to build a network which academic institutions can join and use to authenticate students’ qualifications. Before joining, the universities will be verified to ensure their legitimacy. Once that is done, they will then be able to validate students’ certificates. “Once it’s there, it’s immutable, it cannot be changed, it cannot be manipulated, and it has the trust by the community that are joining the network that this is a valid certificate issued by this institute.” Dr Al Hemairy explains that the team intend to roll out a beta version of the service in the UAE as a case study, looking for feedback and improvements before they expand worldwide. The platform will be open source and available for institutions to join for free. A project like this would have a real impact, he says. Customers could quickly find out if their lawyer or doctor is legitimate and for employers, it would save time and money as they wouldn’t need to hire people to do background checks: they could just check the Bitcoin SV blockchain. “It’s built on BSV blockchain which has more features and advantages than any other blockchains available in the market. It is scalable, it has very low transaction fees and the BSV Association is supporting this project to be open for the whole world.” Dr Al Hemairy is confident that the platform will catch on and “in three to four years will be widely used and adopted by nearly every institute in the world.” He explains that there’s a lot of innovation like this taking place in Dubai due to a governmental push for blockchain development. For example, the UAE government recently launched the Dubai Blockchain Strategy, an initiative that aims to help Dubai to become the first city in the world to operate fully on blockchain technology.
22 minutes | May 11, 2022
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.
49 minutes | May 4, 2022
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.
22 minutes | Apr 27, 2022
IPv6 at the BSV Global Blockchain Convention
IPv6 at the BSV Global Blockchain Convention There’s been much focus on the IPv6 or the Internet Protocol version 6, an upgrade on the current IPv4. Compared to the latter, IPv6 is known to increase security and privacy functionality on the internet. It’s no surprise that IPv6 will be an expected buzz word in the upcoming BSV Global Blockchain Convention in Dubai. On this episode of CoinGeek Conversations, we’ll hear nChain chief scientist Dr. Craig Wright discuss the combining power of blockchain technology and IPv6, as well as the founder and president of the IPv6 Forum, Latif Ladid as he explains why BSV is the only blockchain capable of handling IPv6’s transactions volume.
22 minutes | Apr 20, 2022
CoinGeek Conversations: A Look Back at CoinGeek Conferences
CoinGeek Conversations: A Look Back at CoinGeek ConferencesAs we patiently await the upcoming BSV Global Blockchain Convention to be held in Dubai this May, Claire Celdran takes a look back at some of the highlights of CoinGeek Conferences past. Listen in on Jeff Baek’s presentation of Peersend and how it allows users to send and receive money seamlessly on the internet. Watch personalities from the gaming industry including Haste Arcade, HandCash, NFTY Jigs and Built by Gamers discuss how users can monetize from playing and participating in games. And witness all over again BSV Technical Director Steve Shadders’ live demonstration of terranode! On this episode, we brought back Patrick Thompson’s interview with TAAL CEO Stefan Mathews and Financial Cryptographer Ian Grigg on the premiere broadcast of CoinGeek TV where the two revealed stories of their initial encounter with the Bitcoin White Paper and Dr. Craig Wright. Lastly, get inspired with the keynote speeches from the distinguished economist George Gilder and nChain Chief Scientist Dr. Craig Wright at the 2020 CoinGeek Conference in London.
35 minutes | Apr 13, 2022
Tony 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. "
37 minutes | Apr 6, 2022
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.”
18 minutes | Mar 30, 2022
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 Girls Ninja 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 Meta Sattva 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. Buzzmint Buzzmint 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. CosmosX CosmosX 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. Sesire Sesire 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.
20 minutes | Mar 23, 2022
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.
25 minutes | Mar 16, 2022
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.
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