Make Bitcoin Stronger! New businesses and latest updates in BSV on CoinGeek Livestream

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On this week’s episode of the CoinGeek Weekly Livestream, Kurt Wuckert Jr. hosted an Ask Me Anything where he talked about how to make Bitcoin stronger, built on BSV, Edward Snowden, intellectual property rights and much more.

The protocol war

After reminding us to focus on building value rather than participating in social media, Wuckert reiterates that big block Bitcoin SV has already won the protocol war.

He notes that people may laugh at this idea, but the facts show that BSV is the best blockchain of all technical calculations. Therefore BSV won the protocol war. That said, it is possible to lose the commercial battles and wars to come; it’s not just the protocol war.

Emphasizing this point, Wuckert points out that scaling to hundreds of billions of transactions is not just a data science problem that should be left to R&D departments. Ultimately, these issues will only be resolved when the real need for scale is there from an economic point of view.

Hard work, building businesses and solving problems with the blockchain will ultimately make Bitcoin stronger. We all have a responsibility to it because “we all work for Bitcoin,” says Wuckert, echoing Jack Liu.

Building a bridge between blockchain and traditional finance

Viewer “Messy Times” asks what the best approach to bridging the gap between blockchain and the traditional finance guys who see it as “full monkey shots” is?

Wuckert says the first step is to be honest: right now, most of it is just drunk monkey pictures. The situation is so absurd that trying to build a real business has become an opportunity cost. “There’s more money in memes than there is in infrastructure,” he says, noting that he’d be much richer if he’d flipped JPEGs instead of building a mining company.

MakerDAO’s Nikolai Mushegian

In this episode, Wuckert also comments on the recent events surrounding Nikolai Mushegian, the founder of MakerDAO, who was found dead this week in Puerto Rico. He had previously been a BSV supporter.

While his death is shrouded in mystery and he tweeted conspiratorial things about Mossad and spies before he was found, Wuckert finds his death sad because he was such a vocal supporter of Bitcoin SV.

Edward Snowden and Dr. Craig Wright

Speaking of spies, Wuckert turns to the recent spat between Edward Snowden and Dr. Craig Wright on Twitter. He says up front that we’re talking about intelligence agency assets, so there’s a lot of disinformation.

Wuckert briefly covers the story and tells us that Snowden was a CIA contractor who released information about what the NSA was monitoring by spying on Americans using technology. This was a big story about a decade ago, and Snowden eventually fled to Hong Kong and then Russia to escape prosecution. Overall, Wuckert believes that what Snowden did was a net good as it exposed massive privacy breaches and government abuses.

However, Dr. Wright does not feel the same way. He called Snowden a “piece of treasonous scum.” Wuckert tries to see things from Dr. Wright’s perspective, noting that he is an Anglosphere patriot and a lover of British thought. That is why he is so passionate about law and justice. He is also from an older generation where the USSR was the villain, and therefore those who work with Russia are automatically seen in a negative light.

News and updates from BSV companies

Viewer Brandon Ward asks if there are any major updates or newsworthy events in the pipeline from BSV companies.

Wuckert mentions Certihash, which was recently featured in the first episode of Blockchain Hustlers. They’ve been flown all over the world, built and commercialized, and Wuckert wishes more people would do what they do.

He also likes what some of the Bitcoin Association’s technical team is doing with Electrum and others. On top of this, he is optimistic about his own company GorillaPool and associated businesses such as Jungle Bus. There are some upcoming announcements regarding both.

Speaking of GorillaPool, Wuckert says the firm is attracting new investors to add hash power and mine more blocks. He says it has a long road map and some of the things they want to do will surprise a lot of people. He encourages viewers to read his recent article, “My About It.” He says that if 100 people bought between one to three ASIC miners, BSVes would have enough hashpower to make it unsustainable for the empty block miner, so adding more hashpower can only be a good thing.

Answering another viewer question specifically about Omniscape, Wuckert says he hasn’t heard from Robert Rice in a while and isn’t sure of details, but he knows they’re working hard and doing well.

Dr. Craig Wright’s Comments and Claims

A viewer asks if some of Dr. Wright’s more outlandish comments, which have not materialized, are hurting BSV. Wuckert says no. It’s all PR, and Wuckert doesn’t think what he says means much for Bitcoin.

Giving an example of a statement he didn’t like, Wuckert points to the $1,200 asking price. He generally tries to avoid talking about symbolic prices. That said, claims like BSV will reach billions of transactions per second aren’t harmful – they just need more time. Ultimately, Wuckert believes that BSV will completely take over or fail. It’s an all-or-nothing scenario.

Responding to a related question about Dr. Wright, Wuckert says he doesn’t know why nChain isn’t enforcing its patents. If he was the CEO, he would probably take a look at the patent strategy, but he’s not, so he can’t comment.

Global success for BSV

A viewer asks if the ultimate success of BSV depends on the work being done with Latif Ladid and IPv6. Wuckert flatly answers “no” and says that he likes Ladid, but if he decided to quit, BSV would not necessarily fail.

Yes, the work with IPv6 is exciting, but Ladid is not the stick. BSV will exist long after everyone, including Wuckert, is gone.

About patents and intellectual property

Wuckert says he used to be anti-intellectual property and patents. Bitcoin is what changed my mind on this. The ability to own a number on a screen made him realize that ownership of non-physical objects is possible. To give a further example, he points to seed sentences that can be generated and owned.

All of this began to break down Wuckert’s resistance to the idea of ​​intellectual property. He acknowledges that patents can be used for both good and evil, but ultimately believes the world is a better place for them. Looking at countries that do not recognize intellectual property rights, he would not want to live in any of them.

Speaking briefly about COPA, or the Crypto Open Patent Alliance, Wuckert sees them as a sinister force that is not what it seems. While they claim to be for “openness”, when you try to build something that violates one of the patents they control, they will force you to seek permission to use their patents. Essentially, they make you work with them.

Ultimately, Wuckert says you can’t make intellectual property go away, so the only option is to create a business plan that works around it or uses it to your advantage.

Watch: BSV Global Blockchain Convention Presentation, Making Blockchain Easy for Real-World Use

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