Bitcoin SV Weekly – June 5th, 2019

Jimmy Nguyen wearing a yellow tie
By Jimmy Nguyen Published: June 5, 2019
Bitcoin SV (BSV) Weekly – March 27th, 2019

This week, we focus on highlights from last week’s CoinGeek Conference held in Toronto, Canada. In years to come, I believe this conference will be remembered as a historic moment in Bitcoin’s journey. At a key time in BSV’s growth, the conference saw Bitcoin professionals from around the world come together to talk about Bitcoin SV developments, and how massive on-chain scaling is essential to move forward.

All the speakers provided quality talks and are a true indication of the commitment and sheer talent of those working on BSV. I highly recommend if you haven’t already, that you watch the Vimeo video of the main conference day.

Jimmy Nguyen

Founding President, Bitcoin Association

and your BSV Global Advocate



CoinGeek Toronto:  Developers Day

Developers Day was held before the main conference day, with over 170 developers in attendance. The day was broken up into four modules: (1) update on the Bitcoin SV infrastructure, with a focus on where the node team are in terms of the technical roadmap; (2) user experience; (3) developer experience; and (4) a discussion forum. The day also saw Dr. Craig S. Wright, Chief Scientist of nChain and the creator of Bitcoin, talk about some mysteries of Bitcoin script that people may not have known about.

In the words of Steve Shadders, newly appointed CTO of nChain and host of the day: “Today is actually exciting for developers because it’s the time that we can talk as technical as we want. We can really nerd out, but it’s important I think for developers to keep their focus on user experience, and in fact, we got a whole section of the day devoted to that. It’s important to make things easy for people, so that they’ve got a friction-free path into Bitcoin, and that includes developers as well,”




Emerging from Bitcoin Association’s Wallet Workshop held in March, Paymail was announced first on Developers Day and then again on main conference day at Coingeek Toronto. The initiative, developed collaboratively with top BSV development teams, including nChain, Money Button, HandCash, Centbee, and ElectrumSV, is making BSV far more accessible to the everyday user by making obsolete the need for lengthy Bitcoin addresses. Now with Paymail, users can send Bitcoin by using an email address.

Money Button is the first to announce its own Paymail service,  stating in a blog post:  “The primary goal of Paymail is to eliminate Bitcoin addresses from the user experience and to replace them with a naming system that is familiar to the user. People should be able to send money from wallet to wallet or person to person without ever having to see long, random strings.”

Money Button also noted that “the tertiary goal of paymail is to be compatible with existing identity systems, particularly Gmail and other popular email services, so that users and business have the option to transition seamlessly without altering their existing identity system.”

Paymail is available under the Open BSV License and free to use for any application on BSV.

We applaud Money Button and other Bitcoin Association members for their collaboration on this outstanding achievement. Paymail illustrates how BSV is the blockchain most focused on global adoption by users and businesses.



Just before the CoinGeek Toronto conference, Tokenized Group Pty Ltd announced the official public release of the Tokenized Protocol Beta, a comprehensive, regulation-friendly solution for businesses to create tokens for real world assets on the Bitcoin SV (BSV) blockchain.

As stated on their newly launched website: “the Tokenized Protocol is a system developed to enable organizations and users around the world to create, issue and manage tokens of all kinds using the low-friction and high-reliability of the Bitcoin network as the backbone of their infrastructure.

This documentation is intended to provide a clear and concise set of information on how to use the protocol. It also acts as the reference material for developers who wish to build an implementation”.

The Tokenized Protocol operates using two key components: Smart Contracts and a Tokenized Wallet.

The smart contract and wallet both work with the Tokenized Protocol and interact by broadcasting actions to the Bitcoin SV network. These actions are generally taking the form of a request, coming from the wallet, and a response, from the smart contract. These both provide a cryptographically proven event between two or more parties, set in the immutable BSV blockchain.

James Belding, Founder and CEO of Tokenized said in a recent Coingeek article. “We believe our solution is the best token and smart contract system on the market, by far, and combined with the unrivalled scaling capabilities of the Bitcoin SV (BSV) network, we believe we can systemically improve the way our world engages in voluntary exchange.”



Fireside chat – Dr. Craig S. Wright

CoinGeek Toronto concluded with a historic fireside chat, hosted by Bitcoin Association Founding President Jimmy Nguyen, talking with Dr. Craig S. Wright about his creation of Bitcoin. The 45-minute chat, with a closing speech from Dr. Wright, covered specific details about Bitcoin’s origin story, and Dr. Wright’s vision for Bitcoin from the start.

The first question posed was direct: did you create Bitcoin? Dr. Wright answered with a simple “Yes.” This led to the disclosure that he studied with academics who worked in the early days of cryptocurrency, who despite their efforts, never progressed the idea. He realised that the world needed a cryptocurrency that had respect of governments. To do that, it had to be traceable, so he coupled the concept of cryptocurrency to blockchain.

In this revealing interview, Dr. Wright discussed everything from how he selected the name Satoshi Nakamoto to what help he had in creating Bitcoin.

This MUST WATCH interview is available here



jimmy nguyen and craig wright on stage

Satoshi Shout-Out

As Satoshi himself said at the end of his fireside chat in Toronto, he’s given the world Bitcoin, but that’s just the solid foundation from which developers need to build upon. Dr. Wright said that he is excited to see what talented programmers can do with Bitcoin and create a new world of possibilities on the BSV blockchain.

So, with that in mind, our Satoshi Shout-Out goes to the three finalists and winners of the Bitcoin Association’s first ever Bitcoin SV hackathon.

The final phase of competition was held last week at CoinGeek Toronto. An expert panel of judges and the live audience of almost 400 Bitcoin professionals voted and the winners of the Bitcoin Association’s first ever Bitcoin SV hackathon are as follows:

1st place with a prize of 250 BSV – UptimeSV

2nd place with a prize of 100 BSV – TonicPow

3rd Place with a prize of 50 BSV- PolyGlot

[Given the significant recent increase in BSV price, as of June 4, the prize pool is now worth USD $90,000].

UptimeSV: Provides distributed performance and uptime monitoring for robust, DDoS-hardened enterprise systems that is, of course, powered by Bitcoin SV and enables anyone to earn BSV by installing an app and getting paid to participate in uptime tests for clients of the platform. UptimeSV was developed by an Australia-based team who go by the name of Demonstrandium led by Dean Little (captain) with Brent Bevear, and Jye Turner.

TonicPow: A peer to peer advertising platform enabling users to monetize their site and earn Bitcoin SV directly from advertisers who can also promote their product with ease or raise money with crowd funding “Tonics.” TonicPow was developed by a Canada-based team of Attila Aros (captain), Luke Rohenaz, and Austin Rappaport.

Polyglot: is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of metanet protocols through python, thus smoothing to entry path for new developers to Bitcoin SV - it’s a match made in heaven. Polyglot was developed by a New Zealand-based developer is Hayden Joshua Donnelly, operating under username “AustEcon.”

You can watch the video of the winner announcement here.