BTC or BSV? I asked Swedish Enterprise.


I just had a meeting with a great
Swedish industrial enterprise about Blockchain.
So I met with their CTO,
their Chief Strategy Officer and their
blockchain expert and we talked for two
hours. While I was there, my friend
had asked me if I can also ask them
about BSV and I did. I kind of knew the
outcome already, but it was still a good idea,
because I actually learned something
and that’s what I will share
with you here on this video.
They were ok with me sharing this particular
part of our conversation.
Now if you are looking for some sort of religious sermon – for that coin or against that coin –
then I suggest that you stop listening
now, because I want to talk about real
business, real technology, real use, real
companies, real people.
Religion we do at places of worship.
So if you want good news, they come first.
Number 1.
They didn’t care about whether Craig is
Satoshi or not. You cannot make business
decisions based on things like that.
The fact that Calvin with Squire Mining,
a public Canadian listed company,
is supporting it, is much more important
and they knew about that.
2. They were genuinely impressed
by all the number of applications that
are actually running today,
that are actually working and that are actually
useful. They did not know about that.
Number 3. The hardware requirements
to run a node was an absolute non-issue.
They didn’t even understand why I
brought it up as a potential issue.
I agree with that.
So this is where to go for religion.
Now we need to get a little more serious,
so let’s head up to my new office!
We are going up there.
All right, so that all sounded good,
then why won’t they use it?
Three reasons:
1. Community and brand risk. The
company I met earlier said the same thing.
I actually showed these guys a
little bit on how the conversation is on
social media and some of the messages
that I received from bsv supporters and
the CTO literally covered his face with
his palm for an entire minute.
Guys, a minimum of respectful tone of voice,
a minimum of politeness, is required to
bring this to corporate, otherwise no one
wants to come near this thing.
Then you sabotage the mission that
you are working for.
Look at Jimmy Nguyen, that’s the role model:
Polite to everyone, works hard, owns a shirt.
That is how to do it.
2. The CTO asked: Why are most of
these people not willing to reveal their identity?
That kind of stuck with me
a little bit. Why is that? Is it because
people are worried to get robbed? I don’t
think so. You are not that rich and the
people who actually are rich, like Novogratz or Calvin or
Roger Ver, they all show
their face, so I don’t think that is it.
Is it because people want to do tax
evasion? They don’t want to pay a tax so
they’re trying to hide that way?
I don’t think so either. I think most people know
by now that tax authorities will find
them so I think people pay their taxes.
I think it’s another reason.
I think that many people, despite their
boldness, kind of have a nagging worry
that what if they are wrong, what if this won’t fly,
what if this won’t succeed.
I mean, it could be like that.
Maybe none of the blockchains of
today will make it.
Maybe it will come
another one later that will be much better,
who knows,
but guys, don’t worry about that.
Edison tried thousands of materials
that didn’t work. In the end everyone
remembers him for the one that did.
Everyone who has achieved something,
they know how much failure, how many
attempts it took, to get that sudden
overnight success, that everyone thinks it
was, so guys don’t worry about that. Stand proud.
Number 3 issue: The enabler for
a lot of these applications is of course
the ability to store data on the
blockchain and when you build a new
technology you also need to cater for
that there are a few bad people who will
try to take this good technology and
abuse it for bad purposes. So how to
avoid that people store illegal content
on the blockchain? And guys, I get it,
I understand the code, I get that
OP_RETURN marks unspendable output.
That means that the blockchain will be
valid, even if miners don’t store this data,
the chain of transactions will
still be valid and I also understand
that if you have some sort of interface
service that retrieves the data, it can
have a blacklist and it can avoid
delivering this data. I get that it is solvable,
but there are two problems here.
(A) The messaging is all over the place.
On one hand, it’s permissionless and forever.
On another hand, it’s blacklist-able and prunable.
So which one is it?
I think someone pointed this out in an article already.
(B) It is not enough to have solutions discussed
in tweets and documents and conversations.
There has to be a formal
protocol that is implemented in the official
release that solves this.
How many telecom systems do you think we would
have sold if we hadn’t implemented the
Lawful Intercept interface?
Zero. None.
The world would have been a for nastier place,
if we didn’t cater for criminal
justice and national security all these years.
So there you have it.
1. Be polite.
2. Put your name behind your words.
If you are not willing to do it,
how can you expect someone to risk
their entire company and career and
everything on it?
3. There needs to be a formal protocol, part of the official release, that avoids illegal content storage.
BTC does not have these
issues to the same extent.
I feel that these are blockers – points that need to
be solved for BSV to fly.
To be chosen as a technology, you generally have to
solve all your blockers, while maintaining your
USP, Unique Selling Point.
All right, that’s my advice.
That’s the tough medicine to swallow for today.
I hope it’s been helpful to someone.
Larsson out.
Ciao

Tags:, ,
11 Comments

Add a Comment

Your email address will not be published. Required fields are marked *