Friday, October 11, 2019

Top 5 Blockchain Events In Q4 2019

Blockchain events have become key highlights on calendars associated with cryptocurrency enthusiasts around the world. While no one can attend the numerous events, there are significant ones that cannot be missed.

Besides the usual meet and greet at the events, industry leaders take time to explain the key trends in the industry. At the same time, cryptocurrency enthusiasts get opportunities to learn about technology advancements in addition to interacting with leaders, experts, and developers in the space. Blockchain events are known for encouraging cryptocurrency adoption, educating the public, fostering cooperation with governments and promoting innovation among other important factors.

2019 In a Nutshell

It has been a remarkable year, to say the least. Cryptocurrencies led by Bitcoin recovered significantly from the downtrend witnessed in 2018. Although the cryptos are still far away from hitting levels attained in the parabolic rally of 2017, the uptrend from April to June managed to clear several key barriers across the board.

Consequently, the industry has witnessed the expansion of blockchain technology to new horizons. The market has grown significantly with news of advancements such as Facebook’s Calibra and Libra. Recently, Bakkt exchange launched the first physically settled Bitcoin futures product for institutional investors.

Now, as we enter the last phases of 2019, here are the blockchain events and conferences you should definitely consider attending:

1. Eurasia Blockchain Summit, Istanbul: October 18–19

Huobi Group, a leading global digital asset financial service provider in collaboration with Kemer Partners is bringing the first annual Eurasia Blockchain Summit to be held in the city of Istanbul, Turkey. It will be a top of the notch gathering set to bring the industry’s crème de la crème to discuss topics touching on decentralization, blockchain technology and digital assets in general.

Keynote Speakers

Expected to speak at the two-day event are experts in the cryptocurrency field including Huobi personnel such as CEO of Huobi Global Livio Weng, Turkish Government officials like President of the Presidential Finance Office, Prof. Dr. Goksel Asan, and leaders of the crypto industry such as Meltem Demirors CSO from Coinshares and Prof. Emin Gun Sirer.

The event is expected to take Istanbul by storm. The beautiful city is home to a population eager to learn and adopt cryptocurrencies for various uses. A Statista Global Consumer Survey found that the ever-growing Turkish market has 20% of the entire population either holding or using cryptocurrencies.

2. Blockshow Asia 2019, Singapore, Marina Bay Sands: November 14–15

This event is powered by the leading media outlet Cointelegraph. Described as a “flagship for the blockchain industry.”, Blockshow Asia is popularly referred to as the festival of decentralized technology.

Blockshow Asia event will see attendees and invited guests to discuss investment for both companies and individuals. Experts will discuss the trading field and the growth of blockchain innovations. Also to be discussed will be the emerging decentralized finance niche. In addition to that, attendees can expect to learn about real gaming experiences including their value and fun all at the decentralized level.

Speakers expected at the Blockshow Asia include the founder of TRON Justin Sun, the founder of Elixxir and DigiCash David Chaum and the co-founder of Fundstrat Global Advisors Thomas Lee.

3. Labitconf, Uruguay — December 12–13

Once again the most influential Bitcoin conference in Latin America will bring together various top speakers from different parts of the world. The 7th Latin American Bitcoin and Blockchain conference will be hosting key players in the cryptocurrency industry. Participants are expected from over 20 countries. Also in attendance will be government officials and CEOs from leading companies. The main aim of the conference is to discuss and explore the potential of blockchain technology in current and future economies.

This conference is being hosted by IOVLabs, the company powering Bitcoin smart-contract platform, RSK. IOVLabs is a firm that develops low-cost, secure and simple-to-use platforms for the emerging global economy. It strives to integrate the advantages Bitcoin offers over traditional systems to foster as well as protect growth.

4. Consensus Invest, New York, NY: November 12

Consensus: Invest is a key event in the cryptocurrency space hosted by CoinDesk, a leading cryptocurrency news and media outlet. Consensus: Invest is a global digital asset investor outlook conference and exhibition. It is known to host institutional investors, hedge funds, banking institutions, fund managers and other interested parties to deliberate and connect on matters regarding investment, storage and trading of the new asset class.

The annual event concentrates on discussions directly related to trends and other investment opportunities in the digital asset market. This years’ agenda will focus on the intersection of macroeconomics and crypto. The state of the cryptocurrency infrastructure will also be discussed by a panel of experts.

Similar events in the past have seen participation by global industry leaders including Kelly Loeffler, Chief Executive Officer of Bakkt; Jeffrey Sprecher, Chairman of NYSE & ICE and Dr. Mohamed A. El-Erian, Chief Economic Advisor of Allianz.

5. Malta Blockchain Week, InterContinental, Malta: Nov 4–8

Taking place at the InterContinental, Malta will be an event that strives to connect blockchain technology and Artificial Intelligence (AI) and medical cannabis. Among other main topics expected to be discussed at the event are Quantum Technology, Big Data and the Internet of Things (IoT). It will feature exhibitions from over 14,000 suppliers, investors as well as thought leaders.

The Malta Blockchain Week will mark the third edition of the summit. Startups an entrepreneurs will have opportunities to compete for seed funding from deep-pocketed investors. Business owners can also look forward to making valuables. The speakers, this time, will include Hon. Joseph Muscat, Prime Minister of Malta, On. Silvio Schembri Parliamentary Secretary — Financial Services and Anthony Pompiliano Co-Founder & Partner — Morgan Creek Digital among others.

As these events approach investors, experts and other cryptocurrency enthusiasts are looking forward to better performance of the crypto market towards the end of the year. In particular, the Eurasia Blockchain Summit allows the industry to interact with government officials as well as regulators. Attending these events will give investors an edge in the industry when it comes to making better decisions for the future. They will also bring the current status of the crypto industry into perspective and connect it to what is expected in the near future.


Cryptographic forms of money to Supply Chains

Blockchains are pulling in the consideration of partners in numerous modern spaces, including the coordinations and production network enterprises. Blockchain innovation can viably contribute in chronicle each and every advantage all through its stream on the store network, contribute in following requests, receipts, and installments, while track advanced resources, for example, guarantees and licenses in a brought together and straightforward way. The paper gives, through its philosophy, a definite examination of the blockchain fit in the inventory network industry. It characterizes the particular components of blockchain that influence inventory network, for example, versatility, execution, accord system, security contemplations, area evidence and cost, and subtleties on the effect that blockchains will have in disturbing the store network industry. Talking about the tradeoff between accord cost, throughput and approval time it continues with a proposed significant level building approach, and finishes up subsequently with a discourse on changes required and difficulties looked for an in-vivo organization of blockchains in the store network industry. While the mechanical highlights of current blockchains can successfully encourage store network uses cases, the different difficulties that still remain, acquire front of us a wide arrangement of required changes and further research endeavors for accomplishing a worldwide, generation level blockchain for the inventory network industry.

New innovations consistently appear to be related with clichés and guarantees of complete mechanical change, however until they are tried, one can't be sure if to accept the promotion or not. Blockchain is no exemption; it is commended by some as the most significant advancement in computerized innovation since the World Wide Web. From significant retailers to create and fish organizations, the zeitgeist of blockchain-empowered discernibility has hit the nourishment business hard. While definitions and designs shift, blockchain advances can extensively be characterized as circulated records in which information, subsequent to being input, is permanently recorded through decentralized hubs, encryption, and timestamping.

Cryptographic forms of money to Supply Chains

A great many people at first become acquainted with blockchains and circulated records with regards to cryptographic forms of money, as Bitcoin or Ethereum. Cryptographic forms of money are a sort of computerized cash that utilization the blockchain engineering to guarantee the moving of significant worth between two substances without the requirement for a confided in institutional middle person, for example, a bank or country state. Without a doubt, Bitcoin is the absolute first execution of blockchain, made by the originator of the idea, Satoshi (Nakamoto 2008). Ethereum, the second most exchanged blockchain token, is imagined as a progressively broad decentralized record stage, ready to be utilized for decentralized applications, or "Dapps," that track resources (e.g., strategic units, game things, land) other than cryptographic money (Ethereum 2019). In the previous a few years, the nourishment business has seen noteworthy development and quick advancement of blockchain abilities and execution.

https://i.redd.it/417t4tjlpvr31.png

The beginnings of blockchain started in a white paper created by Nakamoto, an individual or get-together of individuals whose character has never been revealed. The Nakamoto white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," envisioned a game plan of direct exchanging of huge worth that avoids twofold checking. Through the mix of timestamping, hash limits, and accord computations, the system can achieve a "trust-less" passed on record of normally ensured information by all assistants. Normally, data sharing and the board applications or money related trades rely upon a trusted in representative. In perspective on DLT's stand-out structure, individuals have cryptologic affirmation that the results commitment to the system are proportional to those yield, known as being "trust-less." Being used as a record for sustenance perceptibility, the idea can be reworked into the going with: a sustenance fixing encounters a modification in status as it goes through the creation organize (e.g., transportation). The action's record is sent to the scattered frameworks of center points where a settling figuring watches that the perfect record change is substantial. By then the blockchain presents the change and is always part of the record.

All alone, a blockchain isn't a panacea—it can just fill in as a vault of information and a way to computerize exchanges. To empower different advantages, blockchain ought to be utilized in mix with different advances. The installed sensors and organized gadgets that make up the Internet of Things (IoT) can mechanize the catching and transmission of machine-produced information, and man-made brainpower and AI can be utilized to investigate information and infer amazing bits of knowledge.

In the event that compelling supporting advances are set up, blockchain's highlights and advantages can possibly beat the primary impediments to collaboration among numerous partners in a perplexing worth chain. By giving a solitary rendition of reality for all members, a blockchain empowers trustless exchanges and diminishes the danger of mistake or misrepresentation and the requirement for delegates. Members gain the capacity to follow the development of things progressively and check exchanges. A blockchain record can likewise be utilized to set up a wide scope of "keen" gets that self-execute upon the event of a predefined situation (for instance, shared endless supply of merchandise), consequently robotizing dreary procedures.


Cryptographic forms of money to Supply Chains

Blockchains are pulling in the consideration of partners in numerous modern spaces, including the coordinations and production network enterprises. Blockchain innovation can viably contribute in chronicle each and every advantage all through its stream on the store network, contribute in following requests, receipts, and installments, while track advanced resources, for example, guarantees and licenses in a brought together and straightforward way. The paper gives, through its philosophy, a definite examination of the blockchain fit in the inventory network industry. It characterizes the particular components of blockchain that influence inventory network, for example, versatility, execution, accord system, security contemplations, area evidence and cost, and subtleties on the effect that blockchains will have in disturbing the store network industry. Talking about the tradeoff between accord cost, throughput and approval time it continues with a proposed significant level building approach, and finishes up subsequently with a discourse on changes required and difficulties looked for an in-vivo organization of blockchains in the store network industry. While the mechanical highlights of current blockchains can successfully encourage store network uses cases, the different difficulties that still remain, acquire front of us a wide arrangement of required changes and further research endeavors for accomplishing a worldwide, generation level blockchain for the inventory network industry.

New innovations consistently appear to be related with clichés and guarantees of complete mechanical change, however until they are tried, one can't be sure if to accept the promotion or not. Blockchain is no exemption; it is commended by some as the most significant advancement in computerized innovation since the World Wide Web. From significant retailers to create and fish organizations, the zeitgeist of blockchain-empowered discernibility has hit the nourishment business hard. While definitions and designs shift, blockchain advances can extensively be characterized as circulated records in which information, subsequent to being input, is permanently recorded through decentralized hubs, encryption, and timestamping.

https://i.redd.it/ipv3yaxeqvr31.png

A great many people at first become acquainted with blockchains and circulated records with regards to cryptographic forms of money, as Bitcoin or Ethereum. Cryptographic forms of money are a sort of computerized cash that utilization the blockchain engineering to guarantee the moving of significant worth between two substances without the requirement for a confided in institutional middle person, for example, a bank or country state. Without a doubt, Bitcoin is the absolute first execution of blockchain, made by the originator of the idea, Satoshi (Nakamoto 2008). Ethereum, the second most exchanged blockchain token, is imagined as a progressively broad decentralized record stage, ready to be utilized for decentralized applications, or "Dapps," that track resources (e.g., strategic units, game things, land) other than cryptographic money (Ethereum 2019). In the previous a few years, the nourishment business has seen noteworthy development and quick advancement of blockchain abilities and execution.

The beginnings of blockchain started in a white paper created by Nakamoto, an individual or get-together of individuals whose character has never been revealed. The Nakamoto white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," envisioned a game plan of direct exchanging of huge worth that avoids twofold checking. Through the mix of timestamping, hash limits, and accord computations, the system can achieve a "trust-less" passed on record of normally ensured information by all assistants. Normally, data sharing and the board applications or money related trades rely upon a trusted in representative. In perspective on DLT's stand-out structure, individuals have cryptologic affirmation that the results commitment to the system are proportional to those yield, known as being "trust-less." Being used as a record for sustenance perceptibility, the idea can be reworked into the going with: a sustenance fixing encounters a modification in status as it goes through the creation organize (e.g., transportation). The action's record is sent to the scattered frameworks of center points where a settling figuring watches that the perfect record change is substantial. By then the blockchain presents the change and is always part of the record.

All alone, a blockchain isn't a panacea—it can just fill in as a vault of information and a way to computerize exchanges. To empower different advantages, blockchain ought to be utilized in mix with different advances. The installed sensors and organized gadgets that make up the Internet of Things (IoT) can mechanize the catching and transmission of machine-produced information, and man-made brainpower and AI can be utilized to investigate information and infer amazing bits of knowledge.

In the event that compelling supporting advances are set up, blockchain's highlights and advantages can possibly beat the primary impediments to collaboration among numerous partners in a perplexing worth chain. By giving a solitary rendition of reality for all members, a blockchain empowers trustless exchanges and diminishes the danger of mistake or misrepresentation and the requirement for delegates. Members gain the capacity to follow the development of things progressively and check exchanges. A blockchain record can likewise be utilized to set up a wide scope of "keen" gets that self-execute upon the event of a predefined situation (for instance, shared endless supply of merchandise), consequently robotizing dreary procedures.


Bi-weekly Report: 10th September — 25th September , 2019

https://i.redd.it/qpm0an7bqvr31.jpg

Bi-weekly Highlights

  • Troy Trade V1.0 has completed 90% of the overall development, and 50% of the background management system has been developed. The project have entered the integration testing phase.
  • TROY launched a 1,500,000 TROY Bounty campaign, attracted 20,000+ people newly joined in the community. Stay tuned with our official Twitter or the official telegraph group.
  • TROY has recently been recorded in the world-leading blockchain information platform —ICO Drops.
  • TROY has completed a total of 6 AMAs in several countries: India, Vietnam, South Korea, and Europe, and 1 video interview and 1 Korean off-line private roadshow. The media coverage of TROY includes world-famous media such Yahoo, Bitcoin.com, CryptoBriefing and The Business Times, in the recent two weeks, which reaches cumulatively more than 500,000 people around the world.

Project Progress

Development Progress

In the past two weeks, Troy Trade’s R&D progress has entered a very critical stage, the core functions of the project have been developed. Following this phase, with the main process of the project completed, and overall function development V1.0 completed 90%, the project enters the integration testing phase, specific task and targets are as follows:

1.Completed the accounts system modules and the coordination of the relevant modules.

2.Completed the development of token-to-token trading subsystem, wallet subsystem, user center subsystem, etc., and optimized the relevant module processes and functions according to product planning.

3.The system has entered the stage of integration test, the simulation between modules has been basically completed, and the core process of the system has been tested.

  1. Completed 50% of development of the back stage management system and reach the complete of the core management functions.

Troy Trade’s new trading UI

Media Coverage

In the past two weeks, TROY has actively expanded its global influence. It has now landed on the famous blockchain information platform ICO Drops and has covered by various financial media, crypto media, crypto asset forum, blockchain project evaluation website, business magazines and mainstream portals etc. Examples are Yahoo, Bitcoin.com, CryptoBriefing, The Business Times, U.Today, Tencent News etc., Part of the media exposure are as follows:

Screenshot of Troy Trade on ICO Drops

Tencent:https://new.qq.com/omn/20190801/20190801A03XQW00.html

Yahoo: https://finance.yahoo.com/news/prime-brokerage-services-coming-crypto-134018657.html

Bitcoin.com: https://news.bitcoin.com/how-prime-brokerage-will-affect-crypto-markets/

CryptoBriefing: https://cryptobriefing.com/crypto-prime-broker-troy-trade/

The Business Times :https://www.businesstimes.com.sg/garage/troy-network-raises-undisclosed-round-led-by-ngc-ventures-blockvc

U.Today: https://u.today/meet-troy-trade-a-crypto-prime-brokerage-service-for-institutional-investors

Jinse Finance:https://www.jinse.com/blockchain/443418.html

Community Building

1) Community AMA Activities

Up to now, TROY has carried out a total of 6 AMAs in India, Vietnam, South Korea and Europe, covering communities such as MoNoico, COIN98, VBC, G.Crypto, Crypto Nation and Crypto Nation. Communities of Vietnam has already covered 50,000 people.

The coverage of TROY

In addition, TROY also accepted a video interview with BlockchainBrad, the famous Youtube blockchain KOL. In the video, TROY co-founder Kira Sun has introduced the project design, operation status and development progress to the community.

The screen shoot of AMA video

2) Bounty Events

TROY is airdropping a total of 1,500,000TROY tokens to our community members through the Token Challenge Campaign. Participate in the daily quests (helping answer the questions about TROY in the official telegram, for example), do sign-ups and complete some easy social tasks to earn free TROY tokens.

Step-by-step guide:
1. Click here( http://challenge.troytrade.com/ ) to join the Token Challenge.
2. Submit your details and sign up.
3. Follow the official twitter of TROY.
4. Sign up as a user of Troy Trade.
5. Join the official telegram groups of TROY.
6. Invite 5 more friends to join the official telegram group.

Users will receive additional rewards for completing all tasks. Users can track the progress at any time by entering the telegram username in the campaign page.

3) Community Creativity

TROY is committed to building the world’s leading prime brokerage in the field of cryptocurrency industry. The professionalism and passion of TROY team has gained tremendous support and enthusiasm from overseas communities. Community members have spontaneously created customized emoji and video for TROY.

https://reddit.com/link/dgclix/video/xakxgxj0rvr31/player

Activity Review

TROY Korean Private Roadshows

On September 21, 2019, TROY team has conducted a private road show in South Korea. TROY co-founder Kira Sun shared his view and vision on of the project and development status of TROY project with the participants in Korea. The team has also answered many questions form passionate community members at the meet-up.

About TROY

Troy Trade, derived from Troy Network, is a global prime broker specialized in crypto asset trading. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.

Contact Us

Telegram: https://t.me/TroyTrade_Official

Twitter: https://twitter.com/troytrade

Official website: https://troytrade.com

BD mailbox: [business@troytrade.com](mailto:business@troytrade.com)


Bi-weekly Report: 10th September — 25th September , 2019

https://i.redd.it/qpm0an7bqvr31.jpg

Bi-weekly Highlights

  • Troy Trade V1.0 has completed 90% of the overall development, and 50% of the background management system has been developed. The project have entered the integration testing phase.
  • TROY launched a 1,500,000 TROY Bounty campaign, attracted 20,000+ people newly joined in the community. Stay tuned with our official Twitter or the official telegraph group.
  • TROY has recently been recorded in the world-leading blockchain information platform —ICO Drops.
  • TROY has completed a total of 6 AMAs in several countries: India, Vietnam, South Korea, and Europe, and 1 video interview and 1 Korean off-line private roadshow. The media coverage of TROY includes world-famous media such Yahoo, Bitcoin.com, CryptoBriefing and The Business Times, in the recent two weeks, which reaches cumulatively more than 500,000 people around the world.

Project Progress

Development Progress

In the past two weeks, Troy Trade’s R&D progress has entered a very critical stage, the core functions of the project have been developed. Following this phase, with the main process of the project completed, and overall function development V1.0 completed 90%, the project enters the integration testing phase, specific task and targets are as follows:

1.Completed the accounts system modules and the coordination of the relevant modules.

2.Completed the development of token-to-token trading subsystem, wallet subsystem, user center subsystem, etc., and optimized the relevant module processes and functions according to product planning.

3.The system has entered the stage of integration test, the simulation between modules has been basically completed, and the core process of the system has been tested.

  1. Completed 50% of development of the back stage management system and reach the complete of the core management functions.

Troy Trade’s new trading UI

Media Coverage

In the past two weeks, TROY has actively expanded its global influence. It has now landed on the famous blockchain information platform ICO Drops and has covered by various financial media, crypto media, crypto asset forum, blockchain project evaluation website, business magazines and mainstream portals etc. Examples are Yahoo, Bitcoin.com, CryptoBriefing, The Business Times, U.Today, Tencent News etc., Part of the media exposure are as follows:

Screenshot of Troy Trade on ICO Drops

Tencent:https://new.qq.com/omn/20190801/20190801A03XQW00.html

Yahoo: https://finance.yahoo.com/news/prime-brokerage-services-coming-crypto-134018657.html

Bitcoin.com: https://news.bitcoin.com/how-prime-brokerage-will-affect-crypto-markets/

CryptoBriefing: https://cryptobriefing.com/crypto-prime-broker-troy-trade/

The Business Times :https://www.businesstimes.com.sg/garage/troy-network-raises-undisclosed-round-led-by-ngc-ventures-blockvc

U.Today: https://u.today/meet-troy-trade-a-crypto-prime-brokerage-service-for-institutional-investors

Jinse Finance:https://www.jinse.com/blockchain/443418.html

Community Building

1) Community AMA Activities

Up to now, TROY has carried out a total of 6 AMAs in India, Vietnam, South Korea and Europe, covering communities such as MoNoico, COIN98, VBC, G.Crypto, Crypto Nation and Crypto Nation. Communities of Vietnam has already covered 50,000 people.

The coverage of TROY

In addition, TROY also accepted a video interview with BlockchainBrad, the famous Youtube blockchain KOL. In the video, TROY co-founder Kira Sun has introduced the project design, operation status and development progress to the community.

The screen shoot of AMA video

2) Bounty Events

TROY is airdropping a total of 1,500,000TROY tokens to our community members through the Token Challenge Campaign. Participate in the daily quests (helping answer the questions about TROY in the official telegram, for example), do sign-ups and complete some easy social tasks to earn free TROY tokens.

Step-by-step guide:
1. Click here( http://challenge.troytrade.com/ ) to join the Token Challenge.
2. Submit your details and sign up.
3. Follow the official twitter of TROY.
4. Sign up as a user of Troy Trade.
5. Join the official telegram groups of TROY.
6. Invite 5 more friends to join the official telegram group.

Users will receive additional rewards for completing all tasks. Users can track the progress at any time by entering the telegram username in the campaign page.

3) Community Creativity

TROY is committed to building the world’s leading prime brokerage in the field of cryptocurrency industry. The professionalism and passion of TROY team has gained tremendous support and enthusiasm from overseas communities. Community members have spontaneously created customized emoji and video for TROY.

https://reddit.com/link/dgclix/video/xakxgxj0rvr31/player

Activity Review

TROY Korean Private Roadshows

On September 21, 2019, TROY team has conducted a private road show in South Korea. TROY co-founder Kira Sun shared his view and vision on of the project and development status of TROY project with the participants in Korea. The team has also answered many questions form passionate community members at the meet-up.

About TROY

Troy Trade, derived from Troy Network, is a global prime broker specialized in crypto asset trading. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.

Contact Us

Telegram: https://t.me/TroyTrade_Official

Twitter: https://twitter.com/troytrade

Official website: https://troytrade.com

BD mailbox: [business@troytrade.com](mailto:business@troytrade.com)



[uncensored-r/BitcoinMarkets] [Daily Discussion] Friday, October 11, 2019

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The original post's content was as follows:


Thread topics include, but are not limited to:

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Hints about what may come with the segwit bug on BTC-Core, and its connection to P2SH, which is being fixed and sunsetted on BSV.

Many have been wondering and speculating about the possible segwit bug that Craig Wright has been warning about.
Well the truth is even Core devs like Peter Todd and Gregory Maxwell have admitted problems with segwit. For example the validationless mining issue is enhanced and becomes a big problem under segwit. Peter Todd wrote about the issue on the Bitcoin dev mailing list. Here is what he says about a possible nightmare scenario under segwit:

The nightmare scenario - never tested code ~never works

The obvious implementation of highly optimised mining with segregated witnesses will have the main codepath that creates blocks do no validation at all; if the current ecosystem's validationless mining is any indication the actual code doing this will be proprietary codebases written on a budget with little testing, and lots of bugs. At best the codepaths that actually do validation will be rarely, if ever, tested in production.

Secondly, as the UTXO set can be updated without the witness data, it would not be surprising if at least some of the wallet ecosystem skips witness validation.

With that in mind, what happens in the event of a validation failure? Mining could continue indefinitely on an invalid chain, producing blocks that in isolation appear totally normal and contain apparently valid transactions. It's easy to imagine this happening from an engineering perspective: a simple implementation would be to have the main mining codepaths be a separate, not-validating, process that receives "invalid block" notifications from another process containing a validating implementation of the Bitcoin protocol. If a bug/exploit is found that causes that validation process to crash, what's to guarantee that the block creation codepath will even notice? Quite likely it will continue creating blocks unabated - the invalid block notification codepath is never tested in production.

Basically it means over time, segwit could enable and cause bugs that allow invalid data to go unnoticed until it is buried deep in the chain. Once this happens what will miners do, will they abandon all their work and get rid of the invalid chain, or just allow the invalid chain to continue? This is a true nightmare scenario.

Now remember Craig and others were screaming from rooftops warning people of this before segwit was activated. This was the main reason we even split off with Bitcoin Cash to preserve the ledger and the true Bitcoin, and protect it from segwit.

Now lets talk about P2SH, which was activated in Core several years ago before segwit activated. P2SH sands for pay-to-script-hash. P2SH "allow transactions to be sent to a script hash (address starting with 3) instead of a public key hash (addresses starting with 1)". There can be many use cases for P2SH, but multi-sig is the most common use. This is sad because multi-sig could have been easily enabled on legacy type 1 addresses using known schemes like Shamir Secret Sharing inistead. When sending to an address beginning with a 3 as many exchanges and services give, you are likely sending to a multi-sig P2SH address or a segwit address. So as you can imagine, P2SH has spread and grown significantly, like a cancer on every Bitcoin ledger, including BSV. So why is this a problem? Because P2SH is not Bitcoin, its basically just segwit-lite. Andreas Antonopoulos for example tried to discredit Craig Wright's criticisms of segwit by saying the same thing would apply to P2SH:

"I disagree with Craig Wright about Segwit. The exact same risk could be said to exist with P2SH. Neither can be exploited with a 51% attack"

The truth of the matter is that P2SH and segwit are vulnerable to the same issues. However segwit makes them much much worse. This could also be why Craig is delaying the revelation of the segwit bug, because it needs to first be fixed on BSV with P2SH. BSV is planning to sunset P2SH altogether, to get rid of this cancer from the ledger. Craig even says in this video that certain things will be fixed in BitCoin and as we fixed them in BitCoin you're going to learn why they are a major problem in segwitcoin" @1:28:52 mark.

Just thinking logically, it seems he is hinting at P2SH and how it is being fixed and sunsetted in BSV. So for those doubting Craig's claims that there could be a flaw in segwit, this information may make you think twice. Segwit is not Bitcoin, P2SH is not Bitcoin, BSV is Bitcoin as Satoshi intended and soon the ledger and Core's mistakes are going to be finally fixed and we can finally start to scale worldwide.