‘The genesis of blockchain discovery, policy and implementations'
Author: Lucas Cullen
Technical - Lucas is a software developer, previously working for startups and banks, and is currently studying a bachelor of Mathematics part time.
He first heard about bitcoin in 2011, started mining soon after that, and has been talking about bitcoin to who ever will listen ever since. He runs his own software development company, developing software for bitcoin and blockchain related projects.
Lucas also runs 3 day "Blockchain Master Classes" with UK training provider TerraPin.
He runs the Bitcoin Brisbane meetup, and is the Australian Coloured Coin Ambassador, and is developing a decentralised bitcoin poker protocol called BitPoker.io
The APAC Blockchain Conference, developed in partnership with the Australian Digital Currency Commerce Association (ADCCA) and the Blockchain Association of Australia, took place from 7-9 March 2017 in Sydney, and focused on identifying the opportunities and overcoming the challenges to make the revolutionary blockchain technology a reality.
The event looked beyond the hype by bringing together captains of industry who are currently driving the change, world leading projects, innovative start-ups and regulators all into one place to share their knowledge and experiences.
Lucas was invited to participate in the APAC Blockchain Conference program to share with the delegates Civic Ledger’s journey, the problems we are solving with the technology and where Civic Ledger will be in 2017 and beyond.
Sheree was also invited to give a legal perspective on blockchain developments but couldn’t not attend.
Lucas shared the stage with Emma Weston, CEO and Co-Founder of Agridigital, a provider of blockchain solutions that brings transparency, efficiency, and trust to agri-commodity supply chain, and Julian Smith, CEO and Founder of Blockfreight, the blockchain for global freight.
On Tuesday 21st Feb, I was asked to panel a screening of the documentary “Bitcoin; The end of money as we know it” at the University of Queensland. A quote from one of the guests.
“I thoroughly enjoyed your talk about bitcoin last night at the University of Queensland.
I started researching the currency from a legal perspective about two years ago and wrote a blog on my findings. I would like to retract my blog and write a new analysis of the currency after hearing your talk”
At bitcoin’s all-time high, the pizzas would have been worth an eye-watering $11.47M, making them likely candidates for the most expensive pizzas of all time.
Now widely recognised as the first real-world transaction with bitcoin, May 22nd has come to celebrate ‘Bitcoin Pizza Day’, with cryptocurrency enthusiasts raising a slice to Hanyecz’s infamous hunger pangs that paved the way for early merchant adoption.
To “vote” on the blockchain scaling debate, I personally have changed my full node to Bitcoin Classic from Bitcoin Core.
I won’t go into the scaling debate here, but long story short the bitcoin blockchain has a 1mb limit per block. The bitcoin community have not reached consensus on which of the proposals is the “correct” solution. Ultimately, its up to the community to vote, and we do that by running the client that implements the solution we think should be the future of bitcoin.
The Blockchain Association of Australia, run a full node on Microsoft’s Azure cloud service as a way to contribute back to the community, and ensure there are enough full nodes on the network to propagate and validate transactions. At the moment, this is bitcoin core client. I will put it to the board for a vote to change this to classic.
You can view our full node at bitcoinaa3.cloudapp.net:8333
For those who are new to bitcoin or need a refresher, bitcoin “halving” occurs about every 4 years. This was built in to the protocol to reduce the supply of bitcoins over time, arguably to make bitcoin more scarce. When miners find a block, about every 10 mins, they are paid 25BTC for their efforts. Around the 10th of July this reward is set to halve to 12.5.
Please see the meetup board for your nearest halving party.
Our node bitcoinbaa3.cloudapp.net is running well. We recently upgraded it to core 0.12.1. At one point we had over 100 connections to it!
The colour coin membership development is still ticking along. We have setup our NodeJS endpoint to automate this process.
A slack channel has also been setup to engage with the community. Visit at: bitcoinaustralia.slack.com
Lucas has been busy preparing for the Block Chain summit in Melbourne. Unfortunately Adam could not make this event, due to his recent commitment to run for Senate with VoteFlux.org in Tasmania. This will be a great way to promote the BAA. Note: All flights and accommodation have been paid by the attendee themselves.
As mentioned above, one of our founding members, Max Kaye has recently registered his party VOTEFLUX.ORG | UPGRADE DEMOCRACY! and is fielding candidates in all states at this Federal Election. Adam has been selected as the Tasmanian candidate and is running alongside Max in their effort to gain at least one senate seat.
If elected, a Flux senator promises to vote according to the will of the Flux members as expressed via the Flux App. More info at voteflux.org
In June the BAA were invited to the 2016 Blockchain Summit in Melbourne and given the option to present and be part of a panel discussion on the use of smart contracts and the blockchain in banking. It is great to see so many industry bodies taking notice and getting involved in the event.
The event was insightful with some great presentations. Startups gave their impressions and feedback to the banks for their private chains ideas.
Overall, the dialog was good, open and honest. I was personally impressed by a number and calibre of speakers, and the pragmatic and thoughtful approach taken by some.
I left the summit wondering have we reached a peak? We don’t see this level of excitement around HTML conferences. Time will tell. It will be interesting reading this post after the 3rd halving!