BIP001 in Odessa – live stream
This is the end. Full review later.
Next speaker is Matej Boda from DECENT about his Web 3.0 Fully Decentralised Independent Publishing Platform. Decent is independent decentralized web 3.0 platform for creative people, authors and many more. Decent is independent: nobody decides which content to publich.
Alexander Vasylchenko: There are 3 kinds of #Bitcoin users: 1) admit loosing coins, those 2) lie about it, 3) make backups.
Alexander Vasylchenko, Mycelium: Overview of the mobile wallets. We want people to keep their private keys private.
Mycelium uses a super optimized index over the blockckain, that’s why the system is super thin.
Anton Tovsonozhenko, Ambisafe: describing his experience with cryptocurrency server solutions.
The approach he use is not to rely upon any public solution but to create SDK to conctruct private solutions.
Nicolas Bacca: Use cases for hardware wallets: Colored Coins, Blockchain Proofs, More smart contracts in the future. Ledger OS: idea is similar to libConsensus: protect the critical core. Better Integration: Internal secure element, isolation with TrustZone, validation via 3rd party, pluggable, easy to write apps.
Nicolas Bacca (Ledger): Future of Bitcoin Hardware Wallets
Lawrence Nahum: Digital asset is something that can be unlocked by digital signature.
Pavel Kravchenko: We know how to protect physical assets, but we are still knew to digital security.
Oleksii Shevchuk: The main security advantage of Bitcoin is that the threat is moved from some central point to end users.
Lawrence Nahum: If I had to insure the bitcoin it would cost as the initial bitcoin. The biggest threats are backdoors, not other issues.
Next Panel will be about the #security. Follow up!
Lilia Vershinina: Presentation about Role of the Banks in P2P Economics. Bitcoin is supposed to be digital enbodiment of gold (?) Now we know that transactions can be P2P, security higher and cost lower.
Internet needs INTERNET money. Bitcoin brought confidence that banking can be different. Banks change their philosophy. Issues trigged by Bitcoin banks need to solve: Global standards for transactions + Internet security.
Martin Albert: Bitcoin is good for private use. It’s impossible to control – unless you put policemen everywhere
The gvmnt has so many goals. They’re creating goals faster than we can comply.
Martin Albert: Wide use Bitcoin for regular business doesn’t make too much sense – for banking and taxes – you need regular money
Martin Albert: Explaining Multisig wallets. One should never confuse “permission” with “freedom”
While BIP001 is being held, we launched and tested BitLamp prototype from BitFuryGroup.
Lawrence Nahum(Green Address): Replace by Fee and Child Pays For Parent are not part of a consensus. RBF and CPFP are inevitable: Miners have an incentive to adopt changes because of increased incomes. People will be able to pay for micro transactions online and in brick and mortar via offchain. Sidechains will increase the utility by adding new features and speed up development. Future ahead is exciting.
Mike Chobanyan: The Bitcoin is not good for storing value, while it’s perfect for transferring value.
Martin Albert, Bitalo AG: Bitcoin is not for replacing eg. US dollar – it’s for having place for freedom outside of fiat.
Timur Khromaev: In Bitcoin Market we don’t understand the supply and demand. That’s the problem.
Johannes V. Schmitt: However, all the opportunities are needed: both peer-to-peer and more centralized means of exchange etc.
Johannes V. Schmitt: It’s ironic for #Bitcoin economy to depend on exchanges, but it’s needed.
Mike Chobanyan: The future is definitely behind the blockchain applications other than bitcoin.
Martin Albert: In Ukraine really the infrastructure is not crucial – what is important are people who use it in decentralized manner
Martin Albert, Bitalo AG: If there’s no stock exchanges there’s no established business – so the regulation is not applicable.
Timur Khromaev: all the regulation is about is transparency
Starts Q&A Cryptocurrency Exchange Panel
Moderator: Timur Khromaev
Participants: Michael Chobanian, Martin Albert, Johannes Schmitt, Andriy Dubetsky
Johannes V. Schmitt: Dark Pool is for your 200 XBT bid not to influence the market. It’s not about Darknet of course.
Johannes V. Schmitt: New Kraken products: Margin Trading, Dark Pool (#wow), CAD Funding, Gox Creditor Repayments, stay tuned.
Johannes V. Schmitt: Ukraine: Barriers to access market for non-local exchange without local knowledge. That’s also the opportunity, room for growth is huge. Convince traditional fin players to enter the wild west of cryptocurrencies.
Johannes V. Schmitt, Kraken FX: The exchange are in the center of Bitcoin universe. We try to do things a bit differently. Challenges for #Bitcoin: Price’s nuclear winter = low price + low volatility
Sergiy Movchan: We have to create some mean of easy exchanging the cryptocurrency. The security is a huge pain for exchanges. It seems they’ve done their homework. Still tech is evolving and hackers too
Sergiy Movchan, @cryptoneat: explaining about cryptocurrency exchanges – the most obvious application of a blockchain.
Yuri Vlasenko: We are lucky to have enough capital in NDU to finance our moving forward. We’re also working with EBRD
Yuri Vlasenko: Bitcoin lessons: 1) rules should be obeyed, 2) rules imposed by algorithms are more reliable. NDU is especially interested in blockchain tech. Now we’re launching the project to understand whether blockchain can help us with data backup. We at National Depository have a project office to explore new opportunities like blockchain.
Odessa: People from mysterious Sakhalinchik district situated near Odessa railway station also had their own complementary currency
History: In Odessa’s Moldavanka there were about 3 currencies used (1917-1921).
Yuri Vlasenko. In 1917 Odessa issued its own money – to create liquidity and to have alternative means of exchange.
The global trend is reingeneering money. The airplane miles is also the complementary money.
Daniel Neis: The basic idea is we wanted to design a sustainable monetary system for sustainable businessing and public sector. We don’t work with fiat at all. We develop Koina architecture + legal issues and then transfer it to public for a fee
Daniel Neis: Money = Trust + Contract, KOINA = Social Contract. The monetary system should be owned by those who use it
Daniel Neis: The Bitcoin is not designed to distribute liquidity to the market. #partyhard stats!
Who’s next: Daniel Neis, KOINA AG will explain about his KOINA commercial money cracking fiat!
Andriy Dubetski explains about connection between bitcoin and capital market, NASDAQ, etc. Exchanges want volume. When we talk about bitcoin it’s low volume for stock exchanges but the momentum is coming
Andriy Dubetskiy – Warsaw Stock Exchange, head of Bitcoin Foundation Ukraine
Mike Chobanyan: We want the government and the community to develop the rules. The future is very bright for bitcoin in Ukraine. Now the bankers are the main pushers of #bitcoin in #Ukraine.
Mike Chobanyan (KUNA): The police thinks that #bitcoin is emoney and Central Bank says it’s not. So we want the rules of the game.
Timur Khromaev: We’re yet to understand what’s behind bitcoin, what the nature of it, not because of lack of research.
Timur Khromaev: We want to make sure the market develops, and we’re on the verge of something BIG happen!
Timur Khromaev: We want the Ukraine to be plugged into modern fin. infrastructure.
Timur Khromaev: There’s no way the trading should be anonymous for the regulator unfortunately.
Lilia Vershinina (Kraken): The conference is started! Make sure you go to twitter and tweet everything.
The second day of BIP001 in Odessa is starting right now. We are now in Odessa Impact Hub, where the participants are gathering to the morning welcome coffee time and we are preparing for texting live broadcasting. The conference will be started with the Kraken Bitcoin exchange representative Lilia Vershinina opening speech.
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