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Calvin Ayre tells BNN Bloomberg why he wants to build, not hold Bitcoin SV

This article was originally published on CoinGeek on May 30, 2019.

If there’s one tip that tech entrepreneur Calvin Ayre has to give about investing in Bitcoin, it’s that to build not hold.

In an interview with BNN Bloomberg, which took place on the first day of the CoinGeek Toronto scaling conference, the Ayre Media founder talked about what drew him to cryptocurrency and why he’s supporting Bitcoin SV (BSV), the original Bitcoin invented by Dr. Craig Wright—the individual behind the pseudonym Satoshi Nakamoto.

Massive on-chain scaling is one of the key features that set BSV apart from other cryptocurrencies. BSV, after all, is designed to have real utility.

“The main difference of course is that this is the original model that was originally created by Craig and all other ones are variations that have branched off in some direction. But the main difference from a functional perspective is that BSV massively scales on chain and the rest don’t, so it works and the others are dysfunctional. They’re kind of hobbies, if you will. This one is designed for enterprise applications,” Ayre said.

BSV is also regulation friendly, and it’s an aspect that Ayre, who comes from an online gaming background, strongly supports. He notes:

“In my early years in the industry, I was involved in creating gaming, and I was more focused on operation side and I wasn’t really thinking about regulation, and we saw what happened there. In this particular case, what I am is a big proponent of regulation. I actually want regulation, and BSV, one of the reasons why I am attracted to it is because it’s actually been designed by Craig from scratch to be regulatory-friendly. So in addition to massively scaling and being a stable platform following the internet model, so it’s got stability enabling you to invest real application development on top of it, it’s also designed to be regulatory friendly.”

But don’t count on Ayre to give you HODLing tips.

“First of all, I don’t tell anybody to invest in a token as if it’s a stock. I think that’s caused a lot of damage and it’s the wrong way to look at it. If people want to invest in the sector, they should invest in applications that work on top of a blockchain that functions, which today only means BSV because it’s the only one that scales. Without scaling, it’s dysfunctional,” he explained.

For his part, Ayre has been involved in projects that are building on top of enterprise-friendly BSV blockchain. He has also taken CoinGeek Mining & Hardware into Canadian Securities Exchange-listed Squire Mining Ltd., paving the way for the formation of the largest publicly-owned crypto mining operation in the world.

According to Ayre, “The concept is to create a company that complements what Craig is doing with nChain on the IP and application side. It will be doing a complementary service to the entire ecosystem on the hardware side, so we’re starting in mining but we’ve got a lot of other plans coming as well.”

Building applications on top of the BSV blockchain is one of the main focus of the CoinGeek Toronto conference, happening at The Carlu. Tickets to the scaling conference are already sold out, but if you want to watch, the conference will be livestreamed for free on Vimeo.

Watch Calvin Ayre’s interview on BNN Bloomberg Markets:

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Calvin Ayre: Courts could rule on ‘consumer fraud’ of cryptos that claim to be Bitcoin

This article was originally published on CoinGeek on May 9, 2019.

YouTube video

In a wide-ranging interview, the businessman Calvin Ayre, a major supporter of the work of Dr. Craig Wright, says that a forthcoming legal case being brought to prove that Dr. Wright is Satoshi Nakamoto, the creator of Bitcoin, could also lead to a ruling that would stop cryptocurrencies other than Bitcoin SV (BSV) using the name Bitcoin at all. To do so makes them guilty of “consumer fraud,” Ayre warned.

“It’s a consumer fraud of some sort for all these exchanges all over the world to be telling people that this is Bitcoin and letting these tokens use the Bitcoin name when the technology is not Bitcoin anymore. It’s a type of consumer fraud and I think that that needs to be fixed as well.”

Ayre sees the impact of the libel actions being brought by Wright as going far beyond those directly affected in the cases. He believes that a definitive proof that Wright was Satoshi will transform the sector:

“This court case and this proof is not aimed at convincing these people attacking him. They’re completely irrelevant. This is all about going over their heads, getting them out of the way. And Craig, with this court decision, talking directly to the people that matter – mainstream media, business and technical, governments and enterprise and startup decision makers. Those are the only people important here.”

Ayre says it’s “quite likely” that the cases, which are being brought in London, will be decided by the end of the year.

In the longer term, Ayre believes that Dr. Wright’s vision of a Metanet based on the BSV blockchain will be “the Internet of the future – where we actually can commercialize and put a value to the data that flows around the world on the Internet today. And so this is much bigger than just payments. But if we’re talking just about payments, I mean, what would be nice is for people to be able to seamlessly and frictionlessly with relatively low cost, send payments anywhere they want anywhere in the world.”

The key to making that vision a reality is being able to scale blockchain transactions – having large numbers of transactions happening quickly and frictionlessly. Ayre says that “only one blockchain platform massively scales already – original Bitcoin SV – and it has a roadmap to massively massive scaling in the near future!”

Scaling is the theme of the forthcoming CoinGeek conference in Toronto: “all the world’s experts in scaling on blockchains will be there,” Ayre promises. But if that sounds a little dry, he adds: “it’s going to be like Woodstock, you know, you’re going to be able to say, ‘hey, I was there, the CoinGeek Scaling Conference’.”

As to his own motivations for getting involved in the crypto world after a hugely successful career building businesses in online gaming, Ayre says “I’d already been successful. I’m not doing this completely for money …I legitimately wanted to get involved with a project that would be a legacy project for me, which would actually have lasting impact on the world, improve the world, make the world a better place.”

But he admits the money is also a driver: “of course, as a businessman, I’m always interested in proving that I’m right about things. And the only way that you do that in business is by having your businesses make money …And so I’m driven by all these factors together. And you know, it depends on how I feel in any time in the day, which is the most important one.”

Although working in Bitcoin might seem very different from online gaming, Ayre says his own experiences in the two have much in common: “I’m in at the earliest stages of the industry. So it’s industry building, it’s dealing with the fact that people don’t understand how the existing laws apply to this new thing. There’s a ton of similarities.”

Ayre has always said that a 2006 article in Forbes magazine that described him as a billionaire has meant that he’ll be stuck with that label forever. As to what he’s actually worth today, he says he’s not sure:

“Honestly, it’s really difficult to do valuations to tell what you’re worth, especially if you’re investing in …early stage private companies where a lot of the value is in some kind of future concepts. So I think I’m going to wait a few years before I do have some kind of an appraisal of what I’m really worth. Right now I’m actually just having too much fun to worry about it.”

To hear the full interview with Calvin Ayre, listen to this week’s CoinGeek Conversations podcast, or watch on YouTube.

And please subscribe to CoinGeek Conversations – this is episode 18 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

YouTube video

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The CEO of crypto blog Coin Rivet has publicly admitted publishing false information regarding Calvin Ayre’s recent trip to Cuba

This article was originally published on CoinGeek on May 1, 2019.

The CEO of crypto blog Coin Rivet has publicly admitted publishing false information regarding Calvin Ayre’s recent trip to Cuba.

On Wednesday, May 8, Coin Rivet editorial director Darren Parkin (pictured) read a statement in the UK High Court of Justice, Queen’s Bench Division, in which Coin Rivet CEO Sheba Karamat admitted publishing “completely untrue” claims that Ayre had been referred to Interpol, police and child abuse charities over photos and videos Ayre posted to social media featuring several Cuban women.

Karamat admitted that, contrary to information published via Coin Rivet, none of the women in Ayre’s social media posts were ‘pre-teen’ or under the age of consent. Karamat further admitted that Ayre had not been referred for investigation by authorities or child abuse charities and there were no grounds to suspect him of child abuse.

Coin Rivet previously agreed to publicly apologize to Ayre via their website and to pay him £5,000 in damages. As a condition of the settlement, Parkin appeared in court to acknowledge the falsity of the site’s claims, to repeat their apology to Ayre and to confirm that they wouldn’t repeat these allegations in future.

Ayre was justifiably outraged by Coin Rivet’s allegations but his primary concern throughout this process has been for the five Cuban women featured in his social media posts, who lacked the financial means to pursue justice on their own.

Prior to the settlement, Ayre had publicly announced that he would forward all monetary damages paid by Coin Rivet to the five women, for whom such sums represent a significant boost to their annual income. But the money may prove cold comfort for at least one of the women, who has paid the highest price of anyone involved in this debacle.

This woman, a 21-year-old named Elianna, was called in for questioning by local authorities, who apparently felt the publicity reflected negatively on Cuba. The women were hired to stage a dance performance for Ayre’s cameras, but coverage by Coin Rivet’s Helen Bennicke – who called Cuba “a well-known destination for sex tourism” and said Ayre had “effectively ‘bought’ [the women’s] company” – left the impression that something infinitely more salacious was at play.

Unlike the other women, who were all from Havana, Elianna is from the town of Las Tunas, and the Havana police evidently decided to make an example of her. Regrettably, CoinGeek has learned that Elianna has been sentenced to two years in prison. The authorities apparently charged her using the pretext of violating Decree 217, a 1997 law restricting Cuban citizens’ ability to travel to Havana without permission.

Ayre is understandably outraged by this development but for the time being all he can do is figure out a way to assist Elianna upon her release from prison. Ayre is all the more disgusted with the individuals at Coin Rivet and their ilk, because this whole incident was completely unnecessary.

Ayre maintains that the majority of the abuse he was subjected to via crypto blogs and social media trolls had little to do with outrage over perceived sexual impropriety and everything to do with the desire to tarnish his name and, by extension, the Bitcoin Satoshi Vision (BSV) protocol he has publicly endorsed.

The crypto sector is still in its infancy, as is the mindset displayed by many of its most ardent supporters. Until it evolves out of this juvenile state, with an ‘ends justify the means’ approach toward attacking supporters of rival technologies, crypto will remain on the fringes of the ‘traditional’ financial sector.

For anyone who wishes a grown-up discussion on all things crypto, travel to Toronto on May 29-30 for the next CoinGeek Conference. Ayre will be there advocating on behalf of BSV. Bring your ‘A’ game and challenge him with your own views on the sector and see whose argument wins the day. Just leave the mud at home. ​

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