 Good morning everyone. For those of you who come from abroad, welcome to Satoshi's special land in Japan. I come to Bitcoin space from silver and gold community with political motivation. 2011, I wrote my first blog post about Bitcoin as far as I know, I'm aware I'm the oldest in the Bitcoin community in Japan. 2012, I tried to run for lower house parliament election representing Tokyo district five under the then called Osaka revolution party who was advocating smaller government in Japan. 2013, I met Roger Vier in Tokyo. At that time, there was like four or five of us and I started showing up at meetup when it was Bitcoin price was $10, it was starting going up. And at that time, after a few meetups, I proposed to Roger that before it was a ad hoc meetup, I proposed to Roger that, you know, hey, Roger, we should do weekly meetup instead of ad hoc meetup. Then because it's easier for people to come. But Roger said, oh, Ken, you know, we don't have enough interest for Bitcoin, so I have no time to do this. Can you believe Roger Vier refusing to do meetup just because not enough people interested? So, and he said, Ken, if you want to do it and go ahead and you organize. So this is how I became co organizer for Tokyo Bitcoin meetup back in 2013. Since then, I have hosted over 170 meetup over three years until 2016. Then I started traveling around the world visiting Bitcoin communities over 16 months and I just came back to Japan last month. I've been to Barcelona, Prague, Milan, Paris, Rome, Amsterdam, Munich, San Francisco, Austin, Bali, et cetera, et cetera. And for those of you watching live stream, some of you have seen me at local meetup. And that's how I come to Bitcoin. So when I started traveling, this is in Barcelona. You can see that Bitcoin price was $654 back then. I put $40,000 worth of Bitcoin in my little bread wallet at that time. And funny enough that I still have more dollars worth in my bread wallet today after one and a half year traveling around the world. Then I organized, then during my traveling, I used to be handing out few dollars worth of big coins to my Airbnb hosts and everyone and anyone I meet during my traveling. But since beginning of 2017, I started realizing the transaction fee getting too high that I was no longer able to give small amounts of Bitcoin to new people. Then I realized this, how can Bitcoin grow when I cannot even hand out first Bitcoin to new people? So this is why I realized this transaction fee does matter. And therefore, I became one of the first advocates for Bitcoin cash. And at that time, when we were talking about bigger block, Bitmain was supposed to be organization and Jihan was such an evil person. So I put together a private tour to Bitmain with some 20 industrial, industry member friends. And just to take a look at, you know, meet Jihan and Bitmain and see, you know, what they are like. So this was our tour to Bitmain. And this Bitmain is one of our main sponsors today and they must be something very good today. So I talk about status of Japan. We today have about crypto account holders approximately at 2 million, 2 million. So this represents about roughly about 2% of the population, which is highest penetration in the world. And we have 16 licensed crypto exchanges and some backed by large company and customer coming from FX trading. The reason why FX trading, we have such a large number of FX traders is that we have this 30 year long crazy super low interest policy in Japan. Therefore, our savers, even if you have one million dollars in your bank account, you can only get like less than $10 for your interest because of this super interest low policy, low interest policy. And everybody including grandpa and grandma looking for a place to earn interest. Therefore, we ended up having almost 2 million FX traders accounts in Japan and they are massively coming into crypto trading space. And Bitcoin Cash grassroots community is very, very new and without payments processor support today, the individual owners have to receive Bitcoin Cash in their personal wallet and they have to manually convert from Bitcoin Cash to Fiat if they want. Therefore, my passion is to push more individual shops so that some of the large exchanges can start supporting merchant app for Bitcoin Cash. So this is last night news at 11 PM and we have some 500, 5 million eyeballs has watched the last night news. So I think we are moving into the new phase. We are no longer a group of geeks. We are going into mainstream. This is what Bitcoin Cash wants to be. And for mainstream users to adapt, I propose Bitcoin unlimited improvement proposal, utilization of cash denomination. This is to replace Bit's denomination currently used in BTC. So in this example, this is 1 millionth of BCH to be called as cash, which is equal to 100 Satoshi. The background is Bitcoin Cash strives for worldwide adoption and it must be easy to calculate for everyone for daily transactions, including grandpa and grandma, and needs to be differentiated from BTC. Why is it so important? Because BTC is the same pronunciation as Bit in French. I'm not sure if some French speakers here, which is same meaning as P. I would not say this. Maybe you can Google later. And Starbucks Coffee today is based on one Bitcoin Cash being $1,000. Starbucks Coffee is going to be 0.003 BCH. So this is not easy for mainstream users. But using cash denomination, it's going to be 3,000 Cash, which is something people maybe could be comfortable with. When BCH goes 1,000 fold in five years, we always talk about Bitcoin being $1 million. So it's going to be $3 and it's going to be 3 Cash for Latte. Therefore, we don't practically need another denomination. Governments going cashless society, it seems government do not like us to use Cash. I mean they don't like to use the word Cash and they are phasing out Cash and it has now become the small part of the money supply. And Satoshi Nakamoto created Bitcoin as Electronic Cash System, which really makes sense. And it's already happening and this BIP was co-written with John Art, Lead Developer for Electron Cash, which is a Bitcoin Cash wallet. And Hand Cash, this is NFC-enabled Bitcoin Cash only wallet they have already implemented. This is a quote by Ryan X. Charles, an unknown author. I regard Bitcoin Cash as an opportunity to rebrand Bitcoin for the better. When it achieves global adoption, it won't be called Bitcoin, it will be just called Cash. So wait, there's one more thing. $1 million in five years is not only me saying this. I will play this clip. Mr. Tim Draper on March 7th and Tim Draper and Draper Associates bought 30,000 Bitcoins back in 2014 at a price of $633 and he is one of the legends in Silicon Valley. I play this. So make another prediction for us, Tim, because you correctly called Bitcoin $10,000 to the day, practically. What's your next call? Okay, so I'm holding off on that because April 12th, we're having a big party and I'm going to make the announcement there. April 12th. And you are all invited. I always do. Go ahead. And I'm going to make an announcement then of what my prediction is. One of my predictions is that in five years, you're going to walk in and try to pay fiat for a Starbucks coffee and the barest is going to laugh at you because they're going to say, what is this? Are you counting up pennies or give me shells? So no more US dollars being used for cash. You're not going to use fiat. Five years from none of us will because all the engineering effort, all that excitement is focused really on Bitcoin and all of the cryptos around it and I think that's what we're all going to be using. Did you hear this? In five years time, nobody will be using fiat. They will be using Bitcoin and if you try to use fiat, they will laugh at you and whether he means Bitcoin for BTC or Bitcoin cash, you decide. And if Mr. Tim Draper watching this live, he said at April 12th, anybody is invited. I hope I get to visit him in Silicon Valley. Okay, thank you very much. Thank you, Ken. And now we want to check in for any questions from the audience. Do we have any awesome questions for Ken this morning? Thank you for the awesome presentation. I just want to know what tools can we will to help Bitcoin cash be accepted? What tools do the community need? What tools do the business need? What can we do? What can we develop to help with adoption here? One idea. I think I still think the mainstream user for them to understand physical merchant for them to be able to spend some Bitcoin cash at physical merchants has the highest power. So we would need to have more shops accepting. Maybe one idea is to all of us to protest in front of Bitfly or one of the exchanges so that they will pay attention. Are there like any specific tools like points of sales that are needed or any new wallet developments or any changes to the current wallet? Any software-wise things that we could do? Yeah, for wallet we definitely need to make wallet easier, much more easier. And yeah, thank you. Hey Ken, Simon Dixon. Firstly, I think it's an incredibly smart proposition you put through. And I think it highlights something which I think is important which is that optimizing for cash and optimizing for savings probably have two different strategies. And this is definitely an optimization for cash and one of the reasons why I advocate for more harmony between BTC and BCH because one doesn't have to die for the other to prevail. I'm just wondering what your thoughts are. Can the two coexist? Can one optimize for savings and one optimize for cash? In case of, we talk about digital gold all the time as store of value, but in case of physical gold and silver because gold is 80 times more expensive it can be used as store of value and for smaller transactions silver is more convenient. But in case of digital currency when one takes more hash rate and liquidity I don't know how smaller liquidity digital currency can survive as a store of value or daily transaction. Meaning when Bitcoin cash takes over it can be used for smaller transactions as well as larger transactions because higher liquidity so I don't see another currency surviving in that sense. Questions for Ken? We have one. Hi, thank you for the presentation. So among all your trips around the world with all the communities on Bitcoin cash which country do you think has the biggest acceptance or like no more people like grandma and papa like you said? When I started traveling there were lots of shops still accepting Bitcoin for example there was a hackers congress in Prague they only accept Bitcoin in their shop but when the transaction started rising up then and not only the hackers congress the shopping streets in France and shops in Milano they nobody was using BTC and those some of the merchants they forget how to use payment terminal and BitPay software so that's how far it went and in Japan today is nobody not really many people is spending big BTC today so that's that's why I'm very very concerned. Is that it? Hi Ken. How on earth do you estimate two million crypto account holders in Japan and am I on your list? You estimate two million crypto account holders in Japan how on earth do you come up with a number like that? I come up with all the exchange accounts divided by three. So I'm not on the list okay good. All right please give Ken a round of applause thank you so much Ken.