CoinGeek Roundtable | Episode 1: Transaction-Based Economic Era

Introducing the brand new CoinGeek Roundtable, listen to a panel of experts discuss an array of topics that affect #BitcoinSV and global adoption. #CGRoundtable

Time Stamps ⏰

00:00 – 01:04 Episode Introduction: Transaction-Based Economic Era

01:04 – 02:30 Guest Speaker Introductions: Heidi Patmore, Dean Little & Jack Liu

02:30 – 08:40 The Halving
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02:40 – 02:22 Moderator Joshua Henslee asks what medium/long term impacts the Halving will have.

03:05 – 04:22 Heidi Patmore: As the Halving reward gets less, we’ll see a death spiral in other blockchains.

04:25 – 06:34 Dean Little: I predict you’re going to see the hash rate drop on BTC; miners will go insolvent or make the switch.

06:41 – 08:18 Jack Liu: This Halving is a non-event for the builder; there is no such thing as a transaction-based economic era unless you see an explosion of transactions.

08:40 – 24:44 Micropayments

08:44- 09:11 Joshua Henslee asks: How do we get a high volume of transactions on the BSV blockchain?

09:15 – 12:46 Heidi Patmore shares CentBee’s experience and learning lessons on launching a Bitcoin wallet in South Africa, introducing cross-border remittances as a way of utilizing Bitcoin’s capabilities by providing Fiat currency holders with a point of entry.

13:41 – 17:11 Jack Liu shares his opposite perspective to Heidi’s; you have to increase the amount of Bitcoin SV currency that is held by each user through scaling utility.

17:32 – 24:43 Dean Little: By lowering transaction fees and improving the developer experience, you could have the first billionaire who facilitates a trillion 0.01 cent transactions.

24:44 – 34:11 Financial Exclusion

24:44 – 25:53 Joshua Henslee asks how micropayments allow those excluded from the financial system to start earning?

25:55 – 29:10 Jack Liu on why we are all excluded from an optimised financial system.

29:22 – 34:10 Heidi Patmore: Digital identity and connectivity need improving on the African continent to facilitate financial inclusion.

34:11 – 41:03 Payment Structure

34:52 – 35:51 Dean Little: Pay as you go is a common payment model in China; this micropayment model needs more prevalence worldwide.

35:52 – 36:20 Dean Little: Domestic helpers without bank accounts are paying extortionate fees to send their wages home. Bitcoin can solve this.

36:40 – 38:42 Jack Liu: We need to experiment with pay as you go models on Bitcoin SV. It’s a UX issue that will be solved in time.

38:44 – 40:58 Jack Liu wants Bitcoin APP developers to stop building their own wallets, which is creating a fragmentation of people’s sums.

41:03 – 50:10 Final Thoughts/Key Takeaways

41:19 – 45:18 Heidi Patmore: Utility and ease of use for the end consumer will lead to user adoption which will create a surge in transactions.

45:20 – 47:38 Dean Little: Get the fees down and the block sizes up.

47:49 – 49:29 Jack Liu: Stop trying to build the next Facebook. Value your time and work together.

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