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Author Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision  (Read 209783 times)
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January 12, 2021, 01:56:14 PM
 #2621

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12 years ago, Satoshi Nakamoto sent Hal Finney 10 bitcoins—the first transaction


Twelve years ago today, Bitcoin creator Dr. Craig Wright (as Satoshi Nakamoto) sent 10 bitcoins to developer and cryptographer Hal Finney. Why is this so important? It was the first ever person-to-person Bitcoin transaction, the first of many millions more.

Like all Bitcoin transactions, its details are public and recorded forever on the blockchain.

It should also remind us that transactions are what Bitcoin is all about. For some, that means money payments between two people. For others, it’s a way to timestamp and record data on the blockchain. Many of those transacting on the Bitcoin network today aren’t human at all—they’re sensors and devices transmitting data via automated processes to Bitcoin’s ledger, timestamping it all for later auditing and retrieval.

It’s a symbol of how Bitcoin has changed, yet stayed exactly the same, since those earliest days. A transaction broadcast and processed on Bitcoin SV (BSV) in 2021 follows the same basic protocol rules as Satoshi and Hal’s first one in 2009. These rules should not change, and should not be able to change, for Bitcoin to endure and remain trusted far into the future.

If you’re transacting on a network in 2020 that calls itself “Bitcoin” but does not follow these original protocol rules; if you sent a Bitcoin transaction and it cost you $10 (or more) in fees to do so… then that network is not Bitcoin.

Thanks to the removal of data limits on transaction blocks, and fees that average (today) about 1/100 of a U.S. cent, Bitcoin BSV has the ability to process not only every financial transfer in the world, but also enough data to match the internet itself. It does so following the same rules Satoshi set when he published v0.1 of the protocol software three days before Finney received those 10 bitcoins.

Back to January 2009

Finney’s tweet the day before the transaction, where he wrote simply “Running bitcoin”, is probably the most-quoted tweet in Bitcoin history—and probably worthy of a birthday itself:

https://twitter.com/halfin/status/1110302988

Hal Finney showed a keen interest in Bitcoin from the time the Bitcoin white paper was published in 2008, posting that “Bitcoin seems to be a very promising idea”. According to Dr. Wright, he also provided advice and assistance that helped keep the network running. By Wright’s own admission, he was a better computer scientist than coder. Although he wrote the original Bitcoin software release himself, Finney (and later others) helped “stopped the network from falling over” in its first month, building a robust system destined to define the future of the digital economy.

Hal Finney was already well-known in programming and cryptography circles for developing the PGP encryption system with Phil Zimmerman in the 1990s. He also developed RPOW, or re-usable proof-of-work, and was known to be interested in the concept that was then known as cryptocurrency.

In the last five years of his life, Finney suffered from Amyotrophic Lateral Sclerosis (ALS), eventually endured near full-body paralysis, and passed away in August 2014. A long-time member of the Extropy Institute, he requested his body be cryopreserved at the Alcor Life Extension Foundation facility in Arizona.

Finney continued to post on the original BitcoinTalk forum until his illness made it too difficult for him to contribute further. He frequently interacted with Satoshi and others from 2010 to 2013. One such exchange went:

“I’d like to hear some specific criticisms of the code. To me it looks like an impressive job, although I’d wish for more comments. Now I’ve mostly studied the init, main, script and a bit of net modules. This is some powerful machinery.”

Satoshi replied: “That means a lot coming from you, Hal. Thanks.”


Source: https://coingeek.com/12-years-ago-satoshi-nakamoto-sent-hal-finney-10-bitcoins-the-first-transaction/ Big THANKS to Jon Southurst



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January 12, 2021, 02:35:18 PM
 #2622

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Theory of Bitcoin looks at the original website for more Satoshi wisdom


https://www.youtube.com/watch?v=_E7iuVM4CIA

It’s time for some more education from the mind of Satoshi Nakamoto, at the very beginnings of Bitcoin. Ryan X. Charles and Bitcoin creator Dr. Craig S. Wright continue their “Theory of Bitcoin” series with a look at the original website that introduced Bitcoin to a wider audience.

Theory of Bitcoin” is a series of 1-2 hour video discussions between Charles and Wright that will hopefully someday be the basis for a more formal educational course. It recently concluded a 10-part, line-by-line analysis of the 2008 Bitcoin white paper with commentary from Dr. Wright about what everything means, what needs clarification, and how conditions have changed since its publication.

https://twitter.com/theoryofbitcoin/status/1346229458349428738

The original website was published on bitcoin dot org in January 2009, soon after the v0.1 alpha protocol software was released and shortly before the network officially launched (though parts of it were written in and dated 2008). It read:

Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or trusted parties.

Charles points out that this is probably the first appearance of the word “decentralized” to describe Bitcoin, since it isn’t used in the white paper. Dr. Wright highlights “uses”; saying Bitcoin isn’t peer-to-peer (in the computer science sense) for payments between individual users, but instead that it “utilizes” a P2P network of nodes to prevent double-spending.

How about the “small world network” of the miners, is that decentralized? Charles asks. “It depends on the use of the word,” Dr. Wright says. He refers to an earlier paper on “Digital Coins based on Hash Chain”, where “decentralized” refers to a network of servers, rather than a single server.

Dr. Wright notes the paper also describes that it’s “necessary to handle high volume of small transactions that are of low value.”

This was the holy grail of digital cash, he says, and there was never any mention of “digital gold“—a near-static, hard-to-spend asset like BTC has become.

The Bitcoin website’s ‘evolution’

“Anonymous” is another word that keeps popping up in early Bitcoin documentation, so some more clarification is necessary there as well. Dr. Wright explains it as meaning users (not nodes) can send payments without revealing their identity—however the transaction chain remains traceable and this has always been known, so full anonymity was never promised in the way others like Monero and Zcash promote it. For example, you can transact with physical cash without revealing your identity, but it’s not 100% anonymous—every bill has a serial number.

There are also a few interesting pieces of the conversation concerning who “owns” and “controls” the bitcoin dot org domain name, and how it came to be that way. You’ll have to watch the video to find out… but it’s interesting.

The two also look at how the website changed over time, particularly the phraseology and descriptions of some of Bitcoin’s concepts—with special attention to the way almost-free and instant transactions disappeared. Another interesting moment is where Dr. Wright points out that the PGP key that would purportedly help “prove” Satoshi’s identity was actually published in 2011, after he had left the Bitcoin project. (There will be more about this in future episodes.)

You’ll also hear plenty of technical detail about licenses, programming languages, platforms and versioning Satoshi used, the limitations of SHA-256 encryption, more arguments against the concept of “selfish mining,” and how Bitcoins are issued rather than generated.

Though several of the topics discussed here will be familiar to those who’ve watched other videos in the “Theory of Bitcoin” series, there are always new things to discover. As always, it’s a reminder that watching every episode is essential to having a well-rounded knowledge of Bitcoin, its inner workings, and guiding principles.

To watch previous episodes of the Theory of Bitcoin, subscribe to the Theory of Bitcoin YouTube channel here.

SOURCE: https://coingeek.com/theory-of-bitcoin-looks-at-the-original-website-for-more-satoshi-wisdom/ Thanks to Jon Southurst
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January 12, 2021, 03:47:48 PM
 #2623



 Wink Creating Tokens on BitcoinSV with The Bitcoincomputer Smart Contract Platform by Dr Clemens Ley

https://www.youtube.com/watch?v=z0hc15gtUzA



🟢 Come & learn how to develop on BitCoin so you can understand in depth what it's all about. For example, what are the differences of being able to work on a stable, secure and unlimited protocol with free training. This way your knowledge and potential can be truly enhanced. https://bitcoinassociation.net/bitcoin-association-to-partner-with-saxion-university-on-bitcoin-sv-massive-open-online-courses/
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January 12, 2021, 03:50:36 PM
 #2624



 Wink Creating Tokens on BitcoinSV with The Bitcoincomputer Smart Contract Platform by Dr Clemens Ley

https://www.youtube.com/watch?v=z0hc15gtUzA




lovely  no other base protocol needed

Thx to Satoshi!!!

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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January 13, 2021, 03:12:52 PM
 #2625

Tuvalu Embarks on World’s First National Digital Ledger and Infrastructure Project on Bitcoin SV

FUNAFUTI, TUVALU – The Tuvalu Government has today announced its plans to become the world’s first paperless society using Bitcoin Satoshi Vision (BSV) and its digital public ledger. The highly scalable, low-cost system, which is in accordance with the original, set-in-stone Bitcoin protocol, provides long-term thinking and sustainability highly valued by the Tuvalu Government. Typically seen as “small,” “remote,” and “precariously placed,” Tuvalu and its partners view the nation’s characteristics as an ICT strength that will allow it to maneuver more rapidly in terms of tech development. Working in collaboration with the leading blockchain technology company nChain, the Bitcoin consultancy Elas Digital, and the community-tech consultancy Faiā, Tuvalu has taken the first step in migrating to a completely digital infrastructure using BSV’s unprecedented scalability and efficiency.

Tuvalu is inhabited by roughly 11,000 people but currently does not have an electronic banking system. The plan to move the country’s national register to the blockchain will be followed by an exploration into digital currency, representing a huge feat of technological leapfrogging.

Comprising nine islands, Tuvalu has a domestic revenue of around $60 million, $5 million of which comes from its ownership of the .tv domain. Assigned to Tuvalu in 1995, the domain has, in recent years, become a lucrative asset for the country because of the proliferation of live-stream programming and competitive gaming. In 2021, Tuvalu’s agreement with the Virginia-based network infrastructure firm Verisign, which currently has rights to administer the .tv domain, will come to an end, prompting new negotiations and providing a contributing catalyst for future investments in the nation.

The National Digital Ledger partnership is facilitated by Faiā and its Managing Director, George Siosi Samuels, whose Tuvaluan heritage prompted him to develop a five-point plan to assist Tuvalu with its digital transformation. In a 2020 Medium article, George identified ways in which Tuvalu could preserve its culture, land, and heritage by leveraging its .tv domain name and introducing a nation-wide digital transformation program.

George Samuels explained: “After the article was published and gained traction, I was approached by the Tuvalu Government to consult on how Tuvalu could leverage blockchain technology for their digital transformation efforts. This is a critical investment in the future of Tuvalu, and so it’s my sincerest ambition to honor my ancestors by helping them leapfrog into the future I see coming with firm foundations. We identified nChain and Elas as the right transformation partners, primarily because of their unmatched blockchain development capabilities, patent portfolios, and highly secure and scalable solutions using the BSV blockchain. Data is the new oil, and Tuvalu is taking the right steps to navigating this new area, just like our wayfinding ancestors did with the oceans.”

At the forefront of the climate-change crisis, Tuvalu is among the first nations directly and massively affected by the impacts of rising sea levels. As the country evaluates its future in light of the continuing effects of climate change, the partnership with nChain, Elas, and Faiā presents a revolutionary long-term investment.

George Samuels further explained that: “While many options are being explored nationally to thwart the rising sea level, the Government of Tuvalu sees immense value in the mobility of a digital national financial infrastructure if climate change were ever to irreversibly impinge upon the land territory of Tuvalu. Beginning in early 2021, nChain, Elas, and Faiā will work with Tuvaluan nationals to identify the aims and ambitions of individuals, which will inform how the groundbreaking blockchain technology will be employed.”

The project will seek to deliver an innovative ‘Tuvaluan National Digital Ledger,’ which aims to transform the processes of managing the Tuvalu Government and economy in a package designed to suit the unique culture, geography, and society that all Tuvaluans share. The concept was developed by Elas Digital CEO Brendan Lee, who said: “This opportunity represents a chance for us to demonstrate how a digital transformation can take place in a location with specific and entirely unique needs and deliver a toolset that helps improve the standard of living and access to opportunity while minimising the disruption to existing processes, both legal and administrative. We aren’t trying to remove people from any part of this, but are rather seeking to empower them as both decision-makers and controllers of their own resources.”

He added: “Another component of this project is to create a strong local element, where the Tuvaluan people take a leadership role, ensuring the project best represents their needs. The project will also give people the knowledge and tools to build their own systems in the future and to participate in the opportunities that these sorts of transformations present at a global level.”

nChain is recognised as a pioneer for organizations and enterprises looking to realise the potential of blockchain technology. The Zug, Switzerland-based company boasts one of the largest teams of blockchain engineers in the world, and works to continually advance blockchain technology, propelling it beyond traditional fintech platforms to solve unique challenges like those faced by the people of Tuvalu. The BSV network, along with its public blockchain, serves as the underlying system predominantly used by nChain, as it offers unparalleled levels of security and scalability. It is estimated that by 2021, it will have the capacity to process 50,000+ transactions per second (TPS), surpassing major payment networks like the Visa network. The scalability of the BSV network means that a nation like Tuvalu can implement relevant technology rapidly, while allowing for organic growth and development over time.

David Washburn, CEO of nChain, said: “What the Tuvalu Government is doing is truly revolutionary. As a nation, they face many challenges that others don’t, and they are meeting those challenges with the determination and pioneering spirit necessary to truly reshape the future of their country. Blockchain technology has the potential to transform lives, and we’re honored to have been charged by the visionary leaders of Tuvalu to enable this landmark shift toward a digital economy.”

Simon Kofe, Minister for Justice, Communication and Foreign Affairs for Tuvalu, added: “In Tuvalu, we strive to recognize our culture and values both in our daily lives and at the national policy level. While taking a values-based approach, however, our eyes are always fixed firmly on the future. Tuvalu is already a leading Pacific nation in terms of outreach and action on climate change, but we hope to become a leader in other areas as well, especially ICT. Through our partnership with nChain, Elas, and Faiā, we are optimistic that blockchain technology will provide a key platform for unlocking new opportunities and securing a greater future for Tuvalu.”

About nChain

nChain AG is a world-leading provider of enterprise-grade blockchain solutions, helping businesses and organizations realize and protect the value of their data. With offices in Switzerland, the United Kingdom, and Slovenia, nChain boasts one of the largest teams of blockchain developers globally and a leading portfolio of intellectual property relating to blockchain technology. nChain is committed to helping clients maintain a competitive advantage in business through more efficient management of their data.

https://nchain.com

About Faiā

Faiā was founded in Singapore in 2019 by George Siosi Samuels, with a single mission: to bridge gaps between communities and technology. We believe in the power of the small and uncommon to unleash the power of communities. As a result, we typically work with high-growth startups and communities, but we may work with others depending on the project.

https://www.faiacorp.com

About Elas Digital

Elas Digital is a software engineering company driven to solve real world business problems using the scalability and efficiency of the Bitcoin public ledger as a growth substrate. Our structuring solutions and uniquely simple token solution can be tailored and scaled to suit enterprise or government needs. The team at Elas Digital are committed to building the highest velocity financial services in the world.

https://elas.digital

Press Contact

Alex Paquin
pressoffice@zerotrillion.com

Related Links

nChain Website
Faiā Website

SOURCE: Ministry of Justice, Communication and Foreign Affairs, Tuvalu Government

https://bitcoinassociation.net/tuvalu-embarks-on-worlds-first-national-digital-ledger-and-infrastructure-project-on-bitcoin-sv/
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January 13, 2021, 06:50:30 PM
 #2626

Tuvalu Embarks on World’s First National Digital Ledger and Infrastructure Project on Bitcoin SV

FUNAFUTI, TUVALU – The Tuvalu Government has today announced its plans to become the world’s first paperless society using Bitcoin Satoshi Vision (BSV) and its digital public ledger.

Tuvalu has a population of 10,507. A small quantity of copra is produced for export, the sale of stamps accounts for modest earnings, and fees are collected from foreign fishing fleets, but the country depends heavily on foreign aid.

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January 13, 2021, 10:17:29 PM
 #2627

Tuvalu Embarks on World’s First National Digital Ledger and Infrastructure Project on Bitcoin SV

FUNAFUTI, TUVALU – The Tuvalu Government has today announced its plans to become the world’s first paperless society using Bitcoin Satoshi Vision (BSV) and its digital public ledger.

Tuvalu has a population of 10,507. A small quantity of copra is produced for export, the sale of stamps accounts for modest earnings, and fees are collected from foreign fishing fleets, but the country depends heavily on foreign aid.
Whether they are 10 or 100 or 1000 or 10000 or 100000 ppl these people have the right to exist and have their own destiny and dematerialized economic system, they are human beings like you and me Smiley it's very encouraging because the world is changing and we are changing with it.

Hello to you! As a technology enthusiast I love to share knowledge and connect people's knowledge. I am a supporter of the useful Bitcoin 🐉 BSV
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January 13, 2021, 10:29:50 PM
Last edit: January 15, 2021, 10:03:10 AM by StonerStanley
 #2628

Tuvalu Embarks on World’s First National Digital Ledger and Infrastructure Project on Bitcoin SV

FUNAFUTI, TUVALU – The Tuvalu Government has today announced its plans to become the world’s first paperless society using Bitcoin Satoshi Vision (BSV) and its digital public ledger.

Tuvalu has a population of 10,507. A small quantity of copra is produced for export, the sale of stamps accounts for modest earnings, and fees are collected from foreign fishing fleets, but the country depends heavily on foreign aid.
Whether they are 10 or 100 or 1000 or 10000 or 100000 ppl these people have the right to exist and have their own destiny and dematerialized economic system, they are human beings like you and me Smiley it's very encouraging because the world is changing and we are changing with it.

"they are human beings like you and me" but you are not someone good  Smiley

You are litteraly trying to dox me by publishing my old address in your publication (https://www.facebook.com/bsvfan) and make false accusation of pedophily against me, just because you lost a debate on my facebook, then i kicked you out of my contact since you are so full of sh*t (https://www.facebook.com/marvin.navarro.63483/posts/742865856664032)

If you think that we are all united together as humans, you are wrong. I'll never be united with people like you, the world is completely divided because of people like you Wink

EDIT: your facebook account has been owned  Cheesy Grin
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January 14, 2021, 02:38:27 AM
Last edit: January 14, 2021, 02:57:45 AM by Bitcoin SV (BSV)
 #2629

Quote
Bitcoin SV Update: Raising the limit with Dynastic – Bitcoin SV v1.0.7 beta released

Today, the Bitcoin SV Infrastructure team released v1.0.7 (beta release) of the Bitcoin SV node software. Codenamed ‘Dynastic’, the planned upgrade is headlined by the introduction of support for long chains of unconfirmed transactions, unlocking new use cases for applications and services that require high transaction throughput.

With the Dynastic update, the benefits of a blockchain that scales unbounded will be evident to all, as block building gets back to basics. The fee selection logic that allowed miners to prioritise transactions with the highest attached fee – a ‘feature’ introduced in response to the limited 1 MB block size on the BTC network – has been removed, no longer necessary on the Bitcoin SV network which scales to meet demand, ensuring safe, instant transactions at predictable low fees.

The change has been facilitated through several updates, which have collectively replaced the Legacy Block Assembler with a new Journaling Block Assembler, allowing the removal of the fee selection code – in the process simplifying transaction selection logic and providing a small performance boost.

More importantly, however, it allowed the Bitcoin SV Infrastructure team to extend the child-pays-for-parent (CPFP) and ancestor limit from 25 to 1,000 transactions. As a result, businesses and enterprises can create far longer sets of chained transactions before they are mined in a block. That new limit is intended to be temporary too, with Technical Director of the Bitcoin SV Infrastructure team, Steve Shadders, confirming that once the 1,000-transaction limit has been sufficiently tested, the team planned to remove the limit entirely.

The present extension (and impending removal) of the CPFP and ancestor limits stands to have a significant impact for enterprises and developers that require truly enterprise-grade blockchain solutions.

Businesses were quick to take note too, with companies as varied as Bitcoin SV wallet provider HandCash and iGaming company BitBoss both signalling that the changes stand to have a marked impact on their product offering.

‘The ancestor limit was the last technical limitation in our way of creating a truly limitless nanopayments experience,’ says HandCash spokesperson Brandon Cryderman, who confirmed that their company’s developers had to date innovated around the limitation as best as they could.

‘This update is very important for HandCash to reach its full potential.’

That’s a familiar sentiment for BitBoss CEO Matt Dickson, whose development team encountered similar issues when building complex blockchain-based casino games – where each action, say hitting in a game of blackjack, adding another unchained transaction – with the limitations quickly hit.

‘The removal of that limit is massive for online gaming; it basically completes Bitcoin SV as the ultimate blockchain for gambling,’ he says.

‘We’ve done a lot of work on this limit, but when it goes away, our system is going to be that much more powerful.’

To learn more about CPFP and long chains, read Shadders’ blog post on the topic ‘A belated Christmas present from the Bitcoin SV team’.

Source https://bitcoinassociation.net/raising-the-limit-with-dynastic-bitcoin-sv-v1-0-7-beta-released/

Quote
Version 1.0.7 upgrade is a beta release from version 1.0.6.  It brings increased performance and support for long chains of unconfirmed transactions, which enables new use cases, for applications that require high transaction throughput.

Content details listed below:  

▣ CPFP and ancestor limit extended from 25 to 1000 transactions.
▣ Legacy block assembler removed; support for low priority /free transactions removed.
▣ Refactoring of CCoinView
▣ P2P improvements

*Note: Should you have previously set, limitancestorcount in your configurations, make sure to increase this to a larger value (the new default value is 1000) or alternatively, remove it.

To learn more about CPFP/long chains, you might like to read the following blog post from Steve Shadders, Technical Director of the Bitcoin SV Infrastructure team:

Binaries and source code can be downloaded here
:

https://bitcoinsv.io/2020/12/24/a-belated-christmas-present-from-bitcoin-sv-team/

URL: https://download.bitcoinsv.io/bitcoinsv/

Thank you for your continued support of Bitcoin SV.

Source https://bitcoinsv.io/2021/01/13/sv-upgrade-to-v1-0-7-beta-release/

 Very good job! Thank you team ヽ( ´ー`)ノ
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January 14, 2021, 10:59:44 AM
 #2630

Once Teranode comes out this year, the transactions per second will double that of Visa! The ability to offer digital cash at such tiny transfer fees at that volume for merchants or individuals - think about the possibilities.#Teranode #BSV will include a number of enhancements and will offer next-generation enterprise-ready software. It will offer terabyte-sized blocks that can process 50000 transactions per second, and a single block will hold four billion transactions. not impact the protocol.





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January 14, 2021, 01:59:31 PM
Last edit: January 15, 2021, 01:03:00 AM by Bitcoin SV (BSV)
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 #2631

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Bitcoin Association awards Satoshi Nakamoto scholarship to University of Cambridge PhD candidate for second year

ZUG, Switzerland – January 14, 2021 –Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has awarded the Satoshi Nakamoto scholarship for a second year in 2021 to Robin Kohze, a PhD candidate in genetics at the University of Cambridge.

The Satoshi Nakamoto scholarship is awarded annually to an exceptional student to support the study and development of blockchain applications that leverage the unique qualities and capabilities of Bitcoin SV. The only implementation of Bitcoin which adheres to the original protocol, design and vision for Bitcoin outlined by its creator, Satoshi Nakamoto, the Bitcoin SV network scales unbounded to support greater transaction throughput and data capacity, facilitating more efficient online payments and a powerful data network for enterprise blockchain applications.

It is the second consecutive year that Kohze has been awarded the scholarship, after receiving the inaugural Satoshi Nakamoto scholarship in 2020 to support the development of the HIVE platform and protocol – a dynamic, self-growing information protocol built on the Bitcoin SV blockchain. The concept, which won Kohze a finalist position in the second Bitcoin SV Hackathon, was implemented as a working platform last year under the brand name Raspora. Kohze intends to use the 2021 award to further develop the protocol, in addition to publishing a research paper expanding on the theoretical underpinnings of the system.

Kohze has played a central role in stoking a fast-growing community of Bitcoin SV developers and enthusiasts in Cambridge. He founded the Cambridge University Metanet Society, a student-led organisation offering workshops, discussion forums, hackathons, masterclasses and more, focused on stoking interest in blockchain technology and developing applications with Bitcoin SV.

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, said:

‘Bitcoin Association are delighted to award the Satoshi Nakamoto scholarship for a second year to Robin Kohze, a promising intellectual mind at the University of Cambridge, who sees the wide-reaching capabilities of a blockchain platform allowed to scale unbounded and the ability of Bitcoin micropayments to re-invent the Internet by incentivising different behaviour for users’ digital activity. I look forward to once again working alongside Robin and the wider Cambridge community to advance the Satoshi Vision for Bitcoin with Bitcoin SV.’

Also commenting, Robin Kohze, said:

‘For the past year, my focus has been advancing the biology-inspired HIVE protocol from an initial concept through to a real platform that brought the idea of dynamic, incentive-based content creation and curation to life. This year, the focus will shift towards formalising the academic component of the work, with a HIVE research publication, as well as further refinements to the platform. Ultimately, I see HIVE as an opportunity to expand the scope of micropayment-based incentive systems, to facilitate the creation of next generation Metanet platforms.’


About Bitcoin Association

Bitcoin Association is the Switzerland-based global industry organization that works to advance business on the Bitcoin SV blockchain. It brings together essential components of the Bitcoin SV ecosystem – enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners), and others – working alongside them, as well as in a representative capacity, to drive further use of the Bitcoin SV blockchain and uptake of the BSV digital currency.

The Association works to build a regulation-friendly ecosystem that fosters lawful conduct while facilitating innovation using all aspects of Bitcoin technology. More than a digital currency and blockchain, Bitcoin is also a network protocol; just like Internet protocol, it is the foundational rule set for an entire data network. The Association supports use of the original Bitcoin protocol to operate the world’s single blockchain on Bitcoin SV.

https://bitcoinassociation.net/bitcoin-association-awards-satoshi-nakamoto-scholarship-to-university-of-cambridge-phd-candidate-second-year/
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January 14, 2021, 02:14:00 PM
 #2632

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Bitcoin SV Update: Raising the limit with Dynastic – Bitcoin SV v1.0.7 beta released

Today, the Bitcoin SV Infrastructure team released v1.0.7 (beta release) of the Bitcoin SV node software. Codenamed ‘Dynastic’, the planned upgrade is headlined by the introduction of support for long chains of unconfirmed transactions, unlocking new use cases for applications and services that require high transaction throughput.

With the Dynastic update, the benefits of a blockchain that scales unbounded will be evident to all, as block building gets back to basics. The fee selection logic that allowed miners to prioritise transactions with the highest attached fee – a ‘feature’ introduced in response to the limited 1 MB block size on the BTC network – has been removed, no longer necessary on the Bitcoin SV network which scales to meet demand, ensuring safe, instant transactions at predictable low fees.

The change has been facilitated through several updates, which have collectively replaced the Legacy Block Assembler with a new Journaling Block Assembler, allowing the removal of the fee selection code – in the process simplifying transaction selection logic and providing a small performance boost.

More importantly, however, it allowed the Bitcoin SV Infrastructure team to extend the child-pays-for-parent (CPFP) and ancestor limit from 25 to 1,000 transactions. As a result, businesses and enterprises can create far longer sets of chained transactions before they are mined in a block. That new limit is intended to be temporary too, with Technical Director of the Bitcoin SV Infrastructure team, Steve Shadders, confirming that once the 1,000-transaction limit has been sufficiently tested, the team planned to remove the limit entirely.

The present extension (and impending removal) of the CPFP and ancestor limits stands to have a significant impact for enterprises and developers that require truly enterprise-grade blockchain solutions.

Businesses were quick to take note too, with companies as varied as Bitcoin SV wallet provider HandCash and iGaming company BitBoss both signalling that the changes stand to have a marked impact on their product offering.

‘The ancestor limit was the last technical limitation in our way of creating a truly limitless nanopayments experience,’ says HandCash spokesperson Brandon Cryderman, who confirmed that their company’s developers had to date innovated around the limitation as best as they could.

‘This update is very important for HandCash to reach its full potential.’

That’s a familiar sentiment for BitBoss CEO Matt Dickson, whose development team encountered similar issues when building complex blockchain-based casino games – where each action, say hitting in a game of blackjack, adding another unchained transaction – with the limitations quickly hit.

‘The removal of that limit is massive for online gaming; it basically completes Bitcoin SV as the ultimate blockchain for gambling,’ he says.

‘We’ve done a lot of work on this limit, but when it goes away, our system is going to be that much more powerful.’

To learn more about CPFP and long chains, read Shadders’ blog post on the topic ‘A belated Christmas present from the Bitcoin SV team’.

Source https://bitcoinassociation.net/raising-the-limit-with-dynastic-bitcoin-sv-v1-0-7-beta-released/

Quote
Version 1.0.7 upgrade is a beta release from version 1.0.6.  It brings increased performance and support for long chains of unconfirmed transactions, which enables new use cases, for applications that require high transaction throughput.

Content details listed below:  

▣ CPFP and ancestor limit extended from 25 to 1000 transactions.
▣ Legacy block assembler removed; support for low priority /free transactions removed.
▣ Refactoring of CCoinView
▣ P2P improvements

*Note: Should you have previously set, limitancestorcount in your configurations, make sure to increase this to a larger value (the new default value is 1000) or alternatively, remove it.

To learn more about CPFP/long chains, you might like to read the following blog post from Steve Shadders, Technical Director of the Bitcoin SV Infrastructure team:

Binaries and source code can be downloaded here
:

https://bitcoinsv.io/2020/12/24/a-belated-christmas-present-from-bitcoin-sv-team/

URL: https://download.bitcoinsv.io/bitcoinsv/

Thank you for your continued support of Bitcoin SV.

Source https://bitcoinsv.io/2021/01/13/sv-upgrade-to-v1-0-7-beta-release/

 Very good job! Thank you team ヽ( ´ー`)ノ

This gives more freedom and allows more use cases like streaming money. True free of censorship cause nearly no fees (like a Google query ...)

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January 15, 2021, 12:58:52 AM
 #2633

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Bitcoin SV Academy Conversations: Steve Shadders

In the second in our series of Bitcoin SV Academy Conversations, we speak with Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team and CTO of nChain, who gives his perspective on the importance of the Bitcoin SV Academy initiative and details what prospective learners can expect to take away.

Following one of the busiest years in Bitcoin to date, to cap off 2020, Bitcoin Association debuted Bitcoin SV Academy – an online Bitcoin SV education platform offering academia quality, university-style courses and learning materials for those seeking to develop their Bitcoin knowledge.

‘The most important piece of infrastructure that Bitcoin can have is access and availability of education,’ says Shadders.

‘Not only does it broaden the pool of talent available to work and build with Bitcoin, but it also helps to spread awareness of what Bitcoin as an entire technology system can do and is truly capable of.’

Bitcoin SV Academy is broadly separated into three fields of study – Bitcoin Theory, Bitcoin Infrastructure and Bitcoin Development – with the introductory module of the Bitcoin Theory stream the first to be offered. The course comprises 9 hours of content across 13 lectures, beginning with a foundational study of the Bitcoin white paper.

‘If you want to learn about Bitcoin, especially to establish a baseline level of knowledge, an in-depth examination of the white paper is a really good place to start,’ explains Shadders.

‘There’s no better source to get to the truth of how Bitcoin works, what it is and what it’s capable of doing, than going directly to the white paper.’

Shadders, who described his role with the Academy as ‘peripheral’, played a key role in reviewing the curriculum content for clarity, consistency and accuracy, with input from his wider team at nChain.

‘We’ve had our staff go through a focused trial run through the first course, and the feedback that has come back has been really, really positive,’ he says.

‘I intend to have everyone at nChain complete the course. When I went through it myself, I found I learned a couple of things – details in the white paper that I hadn’t paid attention to over the years – so even for people who work with Bitcoin daily, this course will be worthwhile for them.’

Bitcoin SV Academy has been designed to offer something for everyone, from those with Shadders’ level of knowledge and nChain staff members, right through to Bitcoin beginners taking their first steps into digital assets.

‘Bitcoin is fundamentally a system that merges economics with technology along with elements of human behaviour, so people will be able to learn a lot from the course if they have a background or an interest in any of those things. After all, most of us have some understanding of human behaviour, even if we’re not economists or technology-based people,’ explains Shadders.

‘There are some concepts that are probably going to be more familiar to people with some background in programming, but that doesn’t mean that you can’t understand the course without that background.’

With offerings designed for everyone from new entrants to Bitcoin right through to experienced blockchain developers, with Bitcoin SV Academy, Bitcoin Association is bringing Bitcoin to the masses, making blockchain education accessible, accurate and understandable. Learners can take the courses at their own pace, with a progressive structure in place that builds on previous knowledge.

‘The intermediate and advanced courses of each stream will be more targeted towards people that want to do something specific with Bitcoin, though they will not necessarily be more difficult to learn,’ says Shadders.

‘There is something there for everyone, whether it’s being able to explain Bitcoin to their family, their boss or their board, they’ll be in a much better position to do that after completing the first full course on Bitcoin SV Academy.’

To find out more about Bitcoin SV Academy and enrol in the Introduction to Bitcoin Theory course, visit http://bitcoinsv.academy today!

Source https://bitcoinassociation.net/bitcoin-sv-academy-conversations-steve-shadders/ Alex Speirs
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January 15, 2021, 01:57:26 AM
 #2634


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Sponsoring: Zatoshi and HandCash sponsor UK darts player Jack Main

It’s official: Zatoshi is now a “sponzor”—and they’re doing it the Bitcoin SV (BSV) way.

On Thursday, Twitter user Zatoshi and Bitcoin wallet HandCash announced that they are throwing their support behind up-and-coming darts play Jack Main. The announcement came a day after Zatoshi tweeted he’s “looking forward to an announcement,” while Main teased “announcement tomorrow.”

https://twitter.com/_onlyjack10/status/1349407846878896133

As part of the sponsorship deal, Zatoshi told CoinGeek that the 24-year-old England darts player will be wearing the BSV logo alongside the HandCash logo “for the whole year as his main official sponsors.”

Main thanked his new sponsors, tweeting, “I am over the moon to announce new sponsors joining the team for this coming year…starting the year as we mean to go on in a positive and strong way! Looking forward to getting back to on the board and competing again!”

https://twitter.com/_onlyjack10/status/1349668636278075399

Bitcoin SV is well represented in elite sports: there’s Scottish football club Ayr United FC, who’s been [ur=https://coingeek.com/ayr-united-fc-launches-2021-away-kit-featuring-bsv-design/l]wearing the BSV logo [/url]on their kit since 2019. Bitcoin SV also previously sponsored the International Professional Pool Association’s (IPA) Bitcoin SV Premier League, which was broadcast live on FreeSports.

One of Main’s new sponsors, HandCash has been working towards making Bitcoin “easy to use for everyone.” It recently released its HandCash Connect SDK, paving the way for developers to “create better apps, faster.”

Zatoshi is known in the Bitcoin ecosystem for his popular giveaways, which he says is part of an initiative to educate the world about Bitcoin. Zatoshi also operates FreeBSV.com, a website that introduces people to Bitcoin SV. He also founded ZBanknotes, a platform that allows users to buy rare and collectible banknotes, and those who pay with BSV get a significant discount.

In a recent interview with CoinGeek, Zatoshi said, “We in the Bitcoin community have to do our best in teaching people more about BSV and the fact it the true and only Bitcoin that works, and works well.”

Source: https://coingeek.com/zatoshi-and-handcash-sponsor-uk-darts-player-jack-main/ Thanks to Ed Drake

Hello to you! As a technology enthusiast I love to share knowledge and connect people's knowledge. I am a supporter of the useful Bitcoin 🐉 BSV
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January 15, 2021, 08:18:43 AM
Last edit: January 15, 2021, 10:35:17 AM by hv_
 #2635

Sth to watch these days

https://www.youtube.com/watch?v=dPJGZny8kOE

the printers of thin air USD ?

Edit: Some more critics here https://coingeek.com/crypto-crime-cartel-the-end-is-nigh-for-tether/

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January 16, 2021, 10:38:46 AM
 #2636

If you appreciate art and love Bitcoin then I urgently suggest you take a look at the beautiful Doodles artwork

https://powping.com/@satoshidoodles


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January 16, 2021, 12:08:43 PM
 #2637

New BSV App: Do you know the data search engine Oyo Bitcoin SV blockchain browser? It's this way:

https://oyo.cash/


Oyo is convinient way to search the Bitcoin SV blockchain. It's powered by BOB (https://bob.planaria.network) and only communicates with a BOB node.

Oyo does not store any user data. All actions are performed in user's browser.

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January 17, 2021, 08:41:37 AM
 #2638

The big short

https://mobile.twitter.com/danielwilson/status/1350570153004707841

Or if there is only dark ano speculation

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January 17, 2021, 11:18:31 AM
 #2639

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Cool reminder: Money Button joins Fabriik


The Bayesian Group through its brand Fabriik is building the future world financial system on Bitcoin. Money Button is the leading wallet solution for Bitcoin. Money Button has been acquired by The Bayesian Group to create a holistic solution integrating a hedge fund, a tokenization platform, and a digital asset wallet. Money Button powers the wallet component of the solution.

With our new combined resources in the joint initiative, users can know that their money is secure and we will continue to add features into the product. The whole Money Button team has joined The Bayesian Group and we will be working with a more team members inside the new company.

Businesses that rely on Money Button can know that we will continue to function without interruption as we begin to leverage our new integration to solve more problems more quickly. As a part of The Bayesian Group, we will be able to solve every problem necessary to bring both enterprise customers and mass consumer adoption into the Bitcoin ecosystem.

Money Button is the leading wallet provider for businesses in the Bitcoin ecosystem. We are the most advanced and innovative wallet, integrating not just payments, but advanced scripts, currency conversion, cryptographic operations for on-chain data management, single sign-in and single swipe-in for advanced app integrations with user permissions, and, of course, paymail.

Fabriik has solved a complementary set of problems. The hedge fund and OTC desk bring in high net worth individuals and will reach a large audience of investors and speculators to create liquidity for purchasing and selling Bitcoin.

This acquisition represents a great step forward for both companies.  Money Button fits into Fabriik like a puzzle piece completing the image. Together we will be able to solve every major problem to reaching global adoption of Bitcoin.

Please see the press release from Fabriik for more information about the acquisition.

Source https://blog.moneybutton.com/2020/09/29/money-button-joins-fabriik/


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January 17, 2021, 05:38:29 PM
 #2640

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Interview: Volt Finance: Cross-chain asset bridge coming to Bitcoin SV

Uniswap is an Ethereum-based application that lets users seamlessly swap one ETH-based digital currency for one of the hundreds of thousands of other ETH-based digital currencies that exist.

https://twitter.com/CryptOrca/status/1343563841880338432

A token swap bridge is a great idea; however, because UniSwap is built on Ethereum, it suffers from high transaction fees that can be hundreds of dollars when the network is experiencing a lot of traffic. These unreasonably high transaction fees caused one Twitter user, @MrFrenchToast, to ask the question, “why does bsv not have a Uniswap type app and a bridge to eth?”

https://twitter.com/mrfrenchtoast/status/1343566820469583872

To which the digital currency wallet provider Volt Finance responded saying that BSV does have a Uniswap-type app, that it is currently in production, and that it will be called the Vtoken Network.

https://twitter.com/Voltfinance/status/1343568667775102976

Naturally, we had to learn more about VToken Network. We had the opportunity to talk with Volt Wallet co-founder Wang Fuqiang, to learn more how Threshold signatures are used in Volt wallet, and what Wang Fuqiang believes more BSV developers need to do to be successful.

What is Vtoken.Network?

Vtoken.network is a cross chain asset bridge to bring other assets to the BSV network.

What digital assets will Vtoken.network support?

We are supporting USD Stable coin to start with, BTC, ETH, LTC will be supported one by one.

Can you give us an example of how a token swap on Vtoken.network works?

Users will have to send their asset (USDC, USDT, BTC, ETH, LTC, etc) to an address managed by several parties through threshold signature, and then the Vtoken issuance smart contract will issue their respective version of the asset on BSV after the original assets are sent to mint addresses. Users can also redeem their original asset by burning Vtokens.



Is there an estimated launch date for Vtoken.network?

Vtoken.network products should be launched within 2 months.

How does Volt wallet make use of threshold signatures?

Users will have to send their USDC, DAI, BTC, ETH, etc to addresses managed by Volt, Maxthon, and Showpay using threshold signature, which ensures that no single entity can remove users’ funds, this way, we can ensure Vtoken is backed 100% with real original assets.

How does Volt wallet manage its customer data when it comes to Photo ID and other personal identification information?

As explained before, Volt doesn’t save users email in a database, Volt doesn’t create an email id + password to identify users. Facial recognition data is stored only to make sure it is the original real user that is trying to recover a wallet on a different device. Email + Facial recognition ensures high level of security, it seriously compromises security if we choose only email or only phone number as recovery credential.

What is your opinion on standardized and open protocols between wallets? Should each wallet do their own proprietary thing or would it be better for everyone to standardize?

There will be several token protocols, but as the ecosystem progresses, only 1 will remain competitive. The rest will die out gradually.

How does Volt wallet plan on managing the wave of tokenization coming to Bitcoin SV? Will volt wallet support tokens launch on Bitcoin? Will Volt wallet be interoperable with the token solutions created by other wallets? What is your plan in this regard?

Vtoken is the plan, Volt will support BSV tokens, it is hard for Volt to support all token protocols, we will only support the token standard that is open and has full smart contract capability implemented within it.

Is there something you wish more people were doing to create value and demand in BSV?

BSV developers need to be realistic and down to earth, build something that users use, stop building stuff that nobody uses. DeFi is real and it will only grow bigger and bigger. BSV is a better platform for further growth of DeFi, it makes no point to pointing fingers around to other blockchains as it doesn’t help grow BSV itself.

Blockchain/Bitcoin itself is money, its advantage is to build a better financial system from infrastructure to top layer applications, what BSV top heads are saying is DeFi is bullshit, which is turning a blind eye to what is really happening.

On the one hand, they are saying BSV can and will doing everything other chains are doing, on the other hand, these same people are saying BSV can’t do this, BSV can’t do that.

See also: CoinGeek Live panel, The Future of Exchanges & Trading in a Tokenized World

https://youtu.be/KakgZT3EJPg


Source: https://coingeek.com/volt-finance-cross-chain-asset-bridge-coming-to-bitcoin-sv/ Thanks to Patrick Thompson

Hello to you! As a technology enthusiast I love to share knowledge and connect people's knowledge. I am a supporter of the useful Bitcoin 🐉 BSV
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