He explained the motivation behind his move: “this industry is so messed up right now,” he said. The problem is that today “we have one use case” – betting on the price of cryptocurrency. And that’s spawned numerous pointlessly competing coins. To realise the full efficiency gains that Bitcoin makes possible, Jack argues, we need more kinds of transactions, not just financial speculation: “a thousand different use cases, not a thousand different coins”.
Finally, I asked why Jack is putting his faith in Bitcoin SV rather than other currencies. “I don’t think I’m picking BSV,” he said, “I think I’m picking Bitcoin.”