Block Chain Summit Responds to Backlash Over Private Island Bash

admin Bitcoin 2.0, Bitcoin Entrepreneur, Bitcoin News, Bitcoin Services, Blockchain, Cryptocurrency, Events, Opinion, Special Events / Causes 0 Comments

  Boasting an exotic location and the apparent blessing of billionaire Richard Branson, the Block Chain Summit has emerged as one of the most discussed events in the digital currency community in recent months. To be held from 25th to 28th May on Branson’s private Necker Island, little has been known about the conference apart from its available guest list, a factor that has led to speculation as to what the event would seek to achieve since it was first revealed by CoinDesk. In a new interview, however, Valery Vavilov, CEO of leading event sponsor BitFury and venture capitalist Bill Tai shed new light on the gathering, opening up about its planned schedule and responding to criticism that it is perpetuating negative industry stereotypes. Tai, who has previously invested in BitFury, sought to dismiss these criticisms, suggesting that the Block Chain Summit first and foremost will seek to attract attention to how decentralized ledger systems might positively impact the world. Positioning this as a contrast to past conferences, Tai told CoinDesk: “This is not a conference that’s about the pure technology and it’s not a gathering to try to disrupt governments and banks and mess with people’s currency systems. We …

Richard Branson to Host Bitcoin Summit on Private Island

admin Bitcoin News, Events, Investors, Technology 0 Comments

Billionaire entrepreneur Richard Branson is set to bring “the greatest minds in cryptocurrency” together to discuss bitcoin and the blockchain on his personal private island this May. Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, Branson’s event will feature discussions moderated by Hernando De Soto, president of the Institute for Liberty and Democracy, Wall Street Journal senior columnist Michael J Casey and Matthew Bishop, US business editor for The Economist. Branson has been enthusiastic in his praise for the bitcoin, having previously invested in payment processor BitPay and accepted the digital currency for his space travel enterprise Virgin Galactic. The event’s welcome message frames the gathering in terms that emphasise the lasting impact of blockchain technologies, stating: “Come visit with Sir Richard Branson on his private island for a set of intimate discussions highlighting critical issues and solutions and to lay out the framework for a world where the humankind is fully benefiting from the amazing technology behind the blockchain.” Besides the Virgin Group founder, the event will be hosted by BitFury CEO Valery Vavilov and venture capitalists Bill Tai, Suzi Mai and George Kikvadze. In total, the event will include 30 luminaries from the bitcoin and larger …