Calvin Ayre: The only one that’s got sustainable business model is Bitcoin SV

This article was originally published on CoinGeek on November 29, 2018.

The one good thing that has come out of the recent so-called BCH hash war is that the original Bitcoin is back—now in the form of Bitcoin SV (Satoshi Vision).

Bitcoin SV is the only cryptocurrency with a blockchain that massively scales; it’s the only one that has utility value and the one that can do it all. At the CoinGeek Week Conference, taking place at The Mermaid at Puddle Dock in London, CoinGeek founder Calvin Ayre explains how BSV is set to take over and replace other non-scaling platforms, and then also grow utility value.

“I believe firmly that the business models of all the alternative coins, the ICOs and the digital gold and whatnot are actually not real business models and that they actually, it’s a bit of an illusion or a mirage that is being sold to people, and people who don’t understand how this stuff works are being sold a bill of goods. I think one positive outcome of the hash war is the fact that people were forced to focus on the technical choices in front of them, and I think a lot of people got educated on what the differences are,” he said. “The only one that’s got a sustainable business model, that can have growth and take enterprise investment is Bitcoin SV, which is the original Bitcoin. It’s the original economic model.”

The CoinGeek Week Conference is the perfect place to hear from thought leaders about the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus. The three-day conference, with a special invitation-only Miners Day kicking off the week’s events, is important for anyone already involved in crypto, as well as those looking to get started. As the only cryptocurrency that is being developed to truly serve as a digital currency, Bitcoin—now in Bitcoin SV—has the most potential to make a difference in the retail industry.

Ayre said, “This is about learning, but it’s also about planning. We’re getting a lot of thought leaders together here to plan how to move ahead to actually finally show what the power of the economic model is in Bitcoin. Because now the people that were kneecapping the business model aren’t here anymore so from that perspective, there’s a lot of euphoria about the opportunities and a lot of planning going around it, but it’s also a celebration of sorts. I mean, it’s the 10-year anniversary now of the birth of the original Bitcoin and it’s also ironically the rebirth birthday, so instead of having two birthdays like what we thought we had with BCH and BTC, we’re back to having one. And that one birthday is the birth of Bitcoin because Bitcoin SV is Bitcoin.”

There’s still time to secure your seat to the last day of CoinGeek Week, where a major announcement is about to be made. Don’t be stuck on the sidelines watching as history is made at CoinGeek Week Day 3, buy your tickets to the conference via Eventbrite today.

Original Bitcoin will live on as Bitcoin SV (BSV)

This article was originally published on CoinGeek on November 23, 2018.

Any time you feel forced to square off to defend yourself or something you value you always need to have an end game plan. For CoinGeek that end game was always making sure there was a version of the original Bitcoin still able to show off its original economic design genius to the world. Bitcoin was born with a mature economic model and platform developers have consistently tinkered it to death…first by forking to Segwit BTC and now ABC has abandoned Bitcoin’s core principles by abandoning Nakamoto concensus and trust in miners’ Proof of Work. This is fine for them to test their thinking, but not by killing Bitcoin before it’s even been tested properly so we stepped in.

It is CoinGeek’s opinion that the two chains are now so far apart and have such divergent plans ahead that there is just no path back to joining them. We also no longer want the name Bitcoin Cash BCH as to us, Bitcoin SV is the original Bitcoin not the original Bitcoin Cash (whatever that even means). We understand that having nChain no longer fighting with them over roadmaps was the single most important issue to the ABC side. nChain tells me they are happy to leave ABC chain alone if they enact replay protection and do a permanent split. This is very convenient as the definition of winning is fundamentally different to each side so there is a win-win solution here.

From where CoinGeek sits right now, us permanently splitting the chains by ABC enacting replay protection will give both sides a WIN. Bitcoin will live on with Bitcoin SV and will finally have a chance to show off the true power of the original economic model. Similarly, ABC can join with the rest of the new chain/coin models to demonstrate what they believe they can do. The models can then all compete in the marketplace and this lets actual users vote with their actions.

I am confident that CoinGeek can enforce civility if the other side wants this in any permanent split. We believe this is in the best interests of all and call on all the exchanges and payment processors and others who have an interest in making this all go away to help us convince everyone to accept this solution so we can all focus on our visions for the future and get rid of this wasteful distraction.

I have instructed my team to start working with everyone to roll out the new Bitcoin SV coin. I hope this can be the end of this episode and look forward to the CoinGeek Week Conference next week being the launch party for the return of the original Bitcoin and all that this will enable. Look forward to seeing everyone there and especially discussing the future of the original Bitcoin.