330 Jimmy Nguyen - BA
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Jimmy joined nChain and then helped launch the Bitcoin Association after a 21-year career as an intellectual property and digital technology lawyer. He is a Certified Information Privacy Professional/U.S. Over his legal career, Jimmy was a partner at three major U.S. law firms – most recently Davis Wright Tremaine LLP. He represented multinational corporates and emerging companies in many sectors – including technology, entertainment & media, sports, financial services, consumer products, retail, and automotive.

Jimmy graduated college at age 19 and law school at age 22. In 2008, Lawdragon named him (at only age 36) one of the “500 Leading Lawyers in America” and described him as a “dynamo talent.” He has also been recognized by the Century City Bar Association as “Intellectual Property Lawyer of the Year” (2011); and by the Association of Media & Entertainment Counsel with its Industry Leader Award (2017). For his diversity leadership, Jimmy has been named a “Top 100 Under 50 Diverse Executive Leader” (2015) by Diversity MBA magazine and was inducted into California Minority Counsel Program’s Diversity Hall of Fame (2015).

Jimmy was formerly Chair of the State Bar of California’s Intellectual Property Law section, and co-chaired the Beverly Hills Bar Association’s IP, Internet & New Media section. A strong diversity advocate, he co-chaired the California Minority Counsel Program.

https://www.linkedin.com/in/jimmy-nguyen-457123
PAYMENTS ON FIRE

"Episode 109 – Bitcoin SV, a Payments and Data-focused Path in Bitcoin Evolutio – Jimmy Nguyen, Bitcoin Association

By libsyn on November 27 2019

If you thought bitcoin was dead as a payments system, take a listen to George and Jimmy Nguyen, founding president of the Bitcoin Association, as they discuss Bitcoin SV, a new version of bitcoin that is a significant upgrade to the performance and capabilities of the original bitcoin protocol put into the world a decade ago.

From a payments perspective, bitcoin has failed. While successful as an albeit volatile store of value, its failings include:

It is slow, only able to handle 2 or 3 transactions per second with a peak rate of 7. Visa handles 50K at peak holiday times with aplomb.

While transactions are irrevocable, they are not immediately written to the blockchain. Core design specifies that that happens every 10 minutes but when the network is under load it has taken hours.

Processing cost is too high, measured in dimes and dollars, and also volatile

As the processors, known as miners, are rewarded with fewer bitcoins for their work, they’ll have to rely on processing revenues, transaction fees, to stay viable. Costs are already too high

There’s the high power usage of the network that’s needed to maintain consensus, essentially trust in the network"

https://twitter.com/JimmyWinMedia/status/1201647447132581889?s=09