Patricia：My name is Arseniy Grusha and I am the United States Ambassador for Bitcoin Diamond. I am honored to be with you today for the 499AMA,I heard it’s a fantastic community.
Here today i wonna talk about The Having of BitcoinDiamond,and also the invest chance for the crypto industry. I will also be presenting a new initiative that is instrumental in our vision for the future.
How about give me a brief introduction, what is the BitcoinDiamond?
Arseniy：Well let’s start with some big picture.
Did you know that an estimated 1.7 billion adults do not have a bank account? World Bank found that the top reasons cited were that “Accounts are too expensive,” “Financial institutions are too far away,” and that these adults lacked the necessary documentation or had a lack of trust in financial institutions. Bitcoin Diamond addresses these issues head on and provides a viable solution for unbanked and underserved people around the world.
With lightning fast transactions, highly diluted transaction fees, and ten times as much supply as other leading Bitcoin forks, Bitcoin Diamond prioritizes trust, accessibility, and affordability. In an age where many people are forced to serve money, Bitcoin Diamond is a currency that serves the people.
Since Satoshi Nakamoto published the first Bitcoin whitepaper in 2009, cryptocurrency has experienced considerable growth as people around the world have embraced it as the future of currency.
Patricia：What's the difference between Bitcoindiamond and other projects?
Arseniy：I would say BCD is a very different project,if i may i will copy some basic imformation for you guys to review.
#1 - Bitcoin Diamond is fast. Bitcoin has been known to take a long time to confirm transactions due to its small blocksize of just one megabyte. Bitcoin Diamond uses eight megabyte blocks, making transaction processing times up to five times faster than Bitcoin. This, paired with the Lightning Network, allows Bitcoin Diamond users to make transactions in real time.
#2 - Bitcoin Diamond is affordable. Bitcoin Diamond also makes day-to-day digital transactions affordable. Because of the increased supply and fast transaction times, Bitcoin Diamond transaction fees are substantially lower than Bitcoin. While it is often too costly to make small, everyday transactions with Bitcoin, Bitcoin Diamond is designed to support these transactions, making it possible for anyone to use.
#3 - Bitcoin Diamond is secure. In an age where cyber criminals are targeting cryptocurrencies, Bitcoin Diamond is secure against attacks thanks to replay protection. Bitcoin Diamond also uses BIP 44, a master private key under which users can manage their balances, ensuring the safety of their funds. The large supply of coins also gives Bitcoin Diamond security against market volatility, making it especially attractive for people in nations where fiat currency is unpredictable.
As you can see with all of these differentiating features, Bitcoin Diamond equips the world’s unbanked and underserved population with a digital currency that truly suits their needs. Unlike their existing financial options, using Bitcoin Diamond is affordable, convenient, inclusive, and trustworthy thanks to its decentralized blockchain and security features.
Patricia：What are the unique features of BCD?
Arseniy：In addition to the Fundamentals I mentioned above, the biggest feature of BCD is our persistence in promoting and devoting in payment applications.
After two years of operation and develop,BitcoinDiamond community built a solid mainnet and generated BCDpay,BCDbazaar and BCDpay .These gives customers access to a wide range of products from across the world by accepting payments in Bitcoin Diamond (BCD) or Bitcoin (BTC).
BitcoinDiamond will keep Inherit the vision of Bitcoin and commitment to built a decentralized personal finance.
Patricia：The fork coin like BCH/BSV/BCD？What is their role in this industry？
像BCH / BSV / BCD这样的分叉硬币？它们在这个行业中扮演什么角色？
Arseniy：As you can see there are serval fork coin like BCH,BSV,BTG.together with more than 30% of market volunm.compare to the all different idea smart contract or some tech-coin never come ture,fork coin are still in the main stage frankly.
Let’s make a quick example for BitcoinDiamond,BCDis a friendly fork of Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. Miners begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and improve the transaction speed based on original features of BTC.
But we are all different ways to achieve Satoshi vision——whcih is is a peer to peer digital cash,just with many different ways.
Patricia：The topic for today si Halving, what will brings to BCD for the Halving in quite near future?
Arseniy：The team behind Bitcoin Diamond has recently received a lot of enquiries about the upcoming block halving event and we would like to clarify and provide some insight about the future event.
In short a halving event is a method to refine the value of a cryptocurrency by reducing the amount of coins gained via each block BTC (12.5 to 6.25) and with Bitcoin Diamond (125 to 62.5).
By reducing the amount of new coins found with each block the current circulating supply gains more value, this system is in place to help future scalability as mass adaptation would limit decentralization if said currency was too easy to obtain.
For an example that shows this system works, when Bitcoin first started anyone with a laptop or personal computer could mine a few a week if not more. Adoption was low and the value was only around one cent since it was such an easy commodity to acquire, once popularity started to grow around Bitcoin it became much harder to obtain due to increased mining efforts in the community thus increasing the value.
Bitcoin Diamond will follow suit halving at block 630,000 mimicking Bitcoin, which is estimated to happen on the 18th of May, Bitcoin diamond will halve two months later due to Hashrate differences between the two separate coins and other factors, We estimate Bitcoin Diamond will halve on the 29th of July.
This ideology also works in halving, making the required asset harder to acquire; increasing the value of all current coins in circulation and rewarding early adopters.
These price increases also encourage trading and new users to join in on adaptation to acquire the asset before it becomes too hard to personally obtain via mining or other methods.
In short the upcoming halving is not an event to be feared but instead celebrated since it rewards early investors and helps promote growth and widespread adoption, it’s a system that will help Cryptocurrency extend well into the future.
Patricia：what is the status of bitcoin diamond options and community building? Community seems pretty active.
Arseniy：I would say we got the best community in crypto,they are the real artist,i should share something right now.
Bitcoin Diamond is designed to be a better Bitcoin, accessible for anyone in the world to use.
Bitcoin Diamond is ranked in the top 60 coins on Coin Market Cap, with millions of dollars in daily trading volume. We have also pursued several new exchanges to have them list Bitcoin Diamond.
Bitcoin Diamond is decentralized with multiple mining pool partners
We have taken interest in the Korean market, launching several initiatives here. In September 2018, we partnered with MagicPay to open the BCD Bazaar store in Nonhyeon-dong as a crypto exclusive retail store. Bitcoin Diamond was also listed by Korean exchanges Bithumb, TREBIT, and Accec. Going into 2020, we are looking forward to engaging even more with the Korean blockchain community.
Also we have large community in South Asia,North America,Middle American.there is all different kinds of events ,and payment application.
As a cryptocurrency organization, the majority of our community engagement is naturally online-based. But that doesn’t mean it needs to be exclusively digital. Over the past year and a half, we have hosted multiple meetups in New York City. These have been excellent opportunities to dialogue about the direction of the BCD Foundation and listen to ideas and feedback from the BCD community.
We have also devoted time to keeping our own web presence relevant, with a refreshed brand, regularly published articles and blog posts, interactive roadmap updates, and informative new content blocks.
Another important part of our online presence is engaging with the global crypto community on social media. Through channels like Facebook, Twitter and Telegram, we interact directly with the very people who are driving the adoption of Bitcoin Diamond.
We have several commercial video to promote in the US, the result is pretty good,lots of marchent join the BCDpay system.
Patricia：I herd there are hundreds of merchants supported by BCDpay payment system, which is the most active support for small and medium-sized merchants in crypto indusrty . Why is that?
Arseniy：The Bitcoin Diamond Foundation’s mission is to make digital currency accessible and usable for everyone, regardless of their economic status, country of origin, or level of ability.So our goal is not some big oversea corps,but the real_world small business, someone says this should start with big,but no one heard some big company support Alibaba,Jack Ma start everything from beginning,that’s the same thing in crypto ,even in all kind of business.that’s why we choose the small business and brands.
Through the BCD Pay initiative, more than 140 established online merchants have started accepting Bitcoin Diamond payments, with 20 more currently in the pipeline.
BCD payments have been adopted by retailers in a wide range of industries, including automotive, beauty, electronics, grocery, home improvement, jewelry, sporting goods, online services, apparel, and gaming.
I would say ,no project like BCD can support so much small business regardless the cost.
And that's the only way to forward the indusrty,but just few people do it.
Patricia：What is the future direction of BCD technology development? What's the usage?
Arseniy：in the future we will develop the Anonymity and privacy function,which is optional and very easy to use.We will also make some changes in the algorithm to ensure that users participate in mining more equitably and resist some industry risks.
Patricia：Any good news from BCD in qiute nea future?
Arseniy：Over the past year and a half, one of our major goals has been to increase the presence of Bitcoin Diamond in the global e-commerce market.
In September 2018, we announced the launch of BCD Bazaar, a pioneering e-commerce store where consumers around the world can use Bitcoin Diamond to access premium products from leading marketplaces like Amazon. The launch of BCD Bazaar was promoted by news sources such as Yahoo Finance and Business Insider and was an important launching pad for our foray into e-commerce.
In June 2019, popular crypto payment processor CoinPayments announced that it would be integrating BCD payment processing for worldwide use by its merchants. In their announcement, CoinPayments praised BCD’s alignment with Satoshi Nakamoto’s original vision and our focus on widespread adoption.
These are all application part of the entire BCD vision, in the future we will develop the Anonymity and privacy function,which is optional and very easy to use. I thingk i don’t need to make everything detail because you will find it out in the news.by that time the price will be sky high i guess.that will be a big move i would say.
2018年9月，我们宣布推出BCD Bazaar，这是一家开创性的电子商务商店，世界各地的消费者都可以在这里使用比特币钻石来访问来自领先市场（如亚马逊）的优质产品。BCD Bazaar的推出受到诸如Yahoo Finance和Business Insider等新闻来源的推动，并且是我们进军电子商务的重要起点。
Patricia：Any recent good news we will hear from BCD?
Arseniy：Thanks for everyone listen for me that long text.everyone in the very end deserve a big bonus.
Guess what i’m gonna give you one.
We will recently list a very good exchange.it’s a very unique product to share profit of Btc price moving and with leverage.This is a very unique product, you will love it.