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Family says Jonesboro mayoral campaign manager was longtime chess buddies with his killer – WSB Atlanta

JONESBORO, Ga. The family of a disabled veteran says he was friends with his accused killer.

Coybern Jones Jr.s family tells Channel 2s Tom Jones that the victim and the man charged with his murder often played chess together.

The family says the murder caught them by surprise.

The family, his immediate children, they are all perplexed, wanting answers, Jones sister, Earva Jones Scott, said. He was not a stranger.

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They are stunned that the person arrested for killing her 67-year-old brother is someone they knew well.

What really bothers us is that, myself included, have all sat down with this man, Jones Scott said.

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Jonesboro police arrested 73-year-old Joe Link three days after they say he shot and killed Coybern Jones Jr. on Oct 30. Joness sister said the two were longtime friends.

How (does) one do that to a friend who has sat in your home and played chess ... and eat your food and laugh and talk? she asked rhetorically.

Police say the two had gotten into an argument at a gas station Jones likes to hang out at

Jones was then found dead not far away near a cemetery on Woodland Drive. His family placed flowers and an American flag where he died.

He loved people and he wanted to help, his sister explained.

Jones worked on then-mayoral candidate Arlene Charles campaign, even though she never asked him to. He drove around with her signs asking people to support her.

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Scott says her brother was a disabled veteran who had PTSD. She says he was prone to sudden outbursts, but she says he was never violent.

He would not have hurt a flea, his sister said.

Scott says her family wants justice. She thanked the police for making a quick arrest.

It was a sense of relief, she said.

Link is being held without bond in the Clayton County Jail on murder charges. Police havent said what was at the root of the argument between the two.

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Samarkand To Host World Rapid & Blitz Chess Championships – Chess.com

FIDE has announced the venue for the 2023 FIDE World Rapid and Blitz Championships.

The world governing body of chess confirmed the traditional Christmas event will take place in Samarkand, Uzbekistan, from December 26 to 30, with a $1 million prize fund.

It follows concern among players, reported in the Norwegian press this week, that the announcement had been left late.

GM Johan-Sebastian Christiansen had told NRK: "It is simply hopeless and amateurish. It's like this every year and I really don't understand why. It ruins it for so many players. Not too much time is wasted on preparation, but it will be much more difficult if it ends up in a country with visa requirements."

GM Aryan Tari added: "As usual, we still don't know which country will host, which is ridiculous. As players, we are used to it not being announced until a couple of weeks before the tournament. It happens every year and has become a tradition."

World number-one Magnus Carlsen is likely to be back to defend the two world championship titles he claimed in 2022, though the local contingent will be strong, with Uzbekistan the reigning Olympiad champions.

The World Rapid and Blitz is the latest high-level event to be awarded to the rising chess power of Uzbekistan. The city of Khiva, in the north west of Uzbekistan, recently hosted the "Russian" half of the 2022/23 Women's Candidates, with the ease of Russian players being able to obtain visas perhaps a factor in the choice of venue.

The 2026 Chess Olympiad will also take place in Uzbekistan and, in a press release issued on Wednesday, FIDE President Arkady Dvorkovich said: "FIDE recognizes Uzbekistan's rich chess tradition and its recent emergence as a chess superpower. This dedication and investment in chess led us to entrust the hosting of this prestigious event to Uzbekistan.

"Uzbekistan will also host the 2026 Chess Olympiad - and hosting such a major event as World Rapid and Blitz will certainly give a boost to preparations."

The format of the events remains the same. The first three days of rapid chess see 13 rounds in the Open section (11 in the Womens) of chess with 15 minutes per player and a 10-second increment from move 1. Then the final two days of blitz are played over 21 rounds (17 rounds for the Womens) of 3+2 chess.

The top prize in each Open event is $60,000, with $40,000 for the Womens tournaments. In last years event in nearby Almaty, Kazakhstan, Carlsen ensured he wouldnt be without a world title in 2023 by clinching clear first in both the World Rapid and Blitz Championships, to grow his world championship haul to 15 titles: five Classical, six Blitz, and four Rapid.

He finished 0.5 points ahead of GMs Vincent Keymer and Fabiano Caruana in Rapid, and a full point ahead of GMs Hikaru Nakamura and Haik Martirosyan in Blitz. The Womens titles were taken in Rapid by GM Tan Zhongyi (in a playoff against IM Dinara Saduakassova) and in Blitz by IM Bibisara Assaubayeva, who took the title for a second year in a row, half a point ahead of Humpy Koneru.

Playing on home soil there will be intense focus on the 2022 Olympiad-winning Uzbekistan team, including 2021 World Rapid Champion GM Nodirbek Abdusattorov, and 17-year-old GM Javokhir Sindarov, who just crossed 2700 on the classical rating list.

Another storyline is that the World Rapid and Blitz Championships will be the last event to be rated for the 2023 FIDE Circuit that decides one spot in the FIDE Candidates Chess Tournament 2024.

Its relatively unlikely that the event will decide the spot, but if it did it would be a hugely dramatic finish to the year.

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Berkeley to host first U.S. chess championship for women over 50 – Berkeleyside

The Berkeley Chess School holds regular tournaments for youth and adults. It will be the host of the first-ever U.S. Senior Womens Champion this weekend. Courtesy: Berkeley Chess School

Since its founding in 1982, the Berkeley Chess School has overseen several major milestones for women in chess. It hosted the first girls and womens California chess championships, as well as the first regional championships for women in western states.

U.S. Senior Womens Championship, Berkeley Chess School, 2622 San Pablo Ave., Friday-Sunday, Nov. 3-5

The school is poised to add a fourth landmark achievement to its list: It will host the inaugural U.S. Senior Womens Championship, which begins Friday evening and runs through Sunday.

Twelve of the countrys top women chess players over 50 will square off against each other over five intense rounds. The tournament, which will be played using the Swiss system (meaning no one gets eliminated), will be streamed online and can be viewed for free in person at 2622 San Pablo Ave. Spectators watching the tournament live will be asked to place their phones on a designated table in the tournament room as part of an anti-cheating protocol.

I am just so chuffed that I actually was chosen to do it, said Berkeley Chess School founder Elizabeth Shaughnessy, who has long worked to increase recognition of female chess players. Just 14% of the U.S. Chess Federations membership is female, according to the governing bodys website.

The lineup of participants includes the Ukraine-born Anjelina Belakovskaia, who holds the title of Woman Grandmaster and is a three-time U.S. Womens Chess Champion; Chilean-American Beatriz Marinello, who holds the title of Woman International Master and was vice president of the International Chess Federation (FIDE) from 2010 to 2018; and Ukraine-born, Bay Area resident Natalya Tsodikova, who holds the title of Woman FIDE Master and won the California Womens Championship in 2019.

Alexey Root, who holds the title of Woman International Master and who has authored several books on chess strategy and womens chess history, will hold a book signing at 6:15 p.m. on Friday, 45 minutes before round 1 starts.

The senior womens championship cost around $20,000 to organize, with support from the Eades Foundation and U.S. Chess Federation. Prize money totaling $8,000 is split among the top five winners.

Shaughnessy said she embraced the opportunity to host the tournament in Berkeley because she knows firsthand the challenges older women face.

In 1970, she was named the Irish Womens Chess Champion; just three years later, following the birth of her eldest daughter, Orna, she went on hiatus. She returned to competition 25 years later, securing a spot on the 1998 Irish womens team and representing her home country in several Chess Olympiads. But she felt her skills never fully returned to where they were in her youth.

Shaughnessys story is not uncommon among competitive female chess players.

Even the legendary Hungarian chess grandmaster Judit Polgr, the only woman to have ever been a serious candidate for the World Chess Championship (open to both men and women), retired from competition to dedicate more time to her children.

If I can get older women who have raised their children now and are wondering what to do with themselves into playing chess, it would help them see its not just live a long life, but its live with your marbles in place, said Shaughnessy, who is 86 and credits chess for keeping her mind sharp (she still plays chess online daily). Thats the big deal.

Berkeleyside relies on reader support to remain free for everyone in our community. Your donation goes beyond supporting our journalism.It also helps your family, friends and Berkeley neighbors have access to reliable, independent reporting.

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PH team ready for FIDE World Youth Chess Championship tilt in … – PhilBoxing.com

PH team ready for FIDE World Youth Chess Championship tilt in Montesilvano, Italy

By Marlon BernardinoPhilBoxing.comFri, 10 Nov 2023

MANILA--- Members of the Philippine chess team said they are ready and confident in the upcoming FIDE World Youth Chess Championships that gets underway on November 12-25 in Montesilvano, Italy.

I will do my very best for flag and country, said FIDE Master Mark Jay Bacojo, who added that he hopes to earn ELO Standard rating points in the FIDE tournament.

Hes ready to play. Hes actually doing really well," said Filipino and United States chess master Almario Marlon Quiroz Bernardino Jr., Head of Delegation who is also part of the coaching staff that inludes Woman FIDE Master Shania Mae Mendoza and Ederwin Estavillo.

Bacojo has already earned his first of three IM Norms during the 18th IGB Dato' Arthur Tan Malaysian Open Chess Championship in Kuala Lumpur, Malaysia last September.

He will need to improve his current ELO Standard rating of 2335 to 2400 as a FIDE requirement for International Master title.

Joining Bacojo are FIDE Master Christian Gian Karlo Arca, National Master Oscar Joseph Cantela, Woman National Master Bonjoure Fille Suyamin, Woman National Master Kaye Lalaine Regidor and Woman National Master Franchesca Largo.

The organizing committee (UNI Chess) also invited Jirah Floraive Cutiyog, Maureiin Lepaopao, Anica Shey Dimatangihan, Mark Gabriel Usman and Charly Jhon Yamson.

The PH chess team campaign was made possible with the support of the NCFP, PSC, POC, DFA, City Of Dasmarinas (Cavite), City of General Trias (Cavite), City of Santa Rosa (Laguna) and the Philippine Amusement and Gaming Corporation (PAGCOR) .-Marlon Bernardino-

Click here to view a list of other articles written by Marlon Bernardino.

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Kcb in search for glory at Kisumu chess open – The Star Kenya

Kcb chess team is gearing up for a gruelling weekend ahead of the 2023 Kisumu Open Classical Chess Championship on November 11-12at The Scottish Tartan Hotel, Kisumu County.

The tournament, which has attracted top players from Kenya and Uganda, will see the winner in the open section bag Sh25,000.

The first and second runners-up get Sh12,500 and Sh7,500, respectively.

In the ladies' category, the winner will go home with Sh10,000 while second and third-place finishers will bag Sh6,000 and Sh2,500 respectively.

KCBs and Fide Masters Martin Njoroge and Joyce Nyaruai, Candidate Master Ben Magana, Bernard Nguku, and national junior chess champion Robert McLigeyo will represent the bankers in the competition.

We have been training rigorously and are ready to take on this challenging competition. We know we are facing top players from across the region, and this wont be easy. As a team, we must stay together, support each other, and make sure that in the end, we win as a team, not just as individuals. Njoroge said.

Njoroge is a former national champion.

In the recently held Mombasa Open Championship, Joyce Nyaruai emerged as the winner in the ladies section with an impressive tally of 5.5 points out of six rounds.

Martin Njoroge, in the open section, narrowly missed securing the top position due to a tie-break, finishing second to bag a silver medal.

In Nairobi, top chess clubs will converge for the 3rd edition of the Kenya National Chess Championship for the PWDs on Saturday at the Kcb Sports Club.

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Kashvi Chess School invites you to highest ever prize fund for a … – ChessBase India

by Shahid Ahmed - 09/11/2023

Kashvi Chess School Kundapura invites you to1st Kashvi's Rapid Rating Open 2023. The inaugural edition of this rapid rating open is offering a total prize fund of 2600000. The firstprize is105000. There are 16 prizes which has a prize of 50000 or more. Total 165 prizes are up for grabs. This is the highest everprize fund offered in a two-day rapid ratingopen tournament in India. It is exactly a month away from now. This is a tournament you cannot afford to miss especially if you like rapid rating open events. Entry is FREE for GMs, IMs, WGMs and WIMs. For everyone else, entry fee is 6500 till 20th November. After that, entry fee increases. Check out the article for all information. All tournament info photos are from tournament circular.

Kashvi's 1st Rapid Rating Open 2023 will take placeon 9th and 10th December

The tournament will take place at Indiana Convention Centre in Mangaluru, Karnataka on 9th and 10th December 2023. Check out the image below for tournamentrules and regulations.

Tournament rules and regulations

There will be five rounds on Saturday 9th December and four on Sunday 10th December 2023. Check out the image below for complete schedule of the tournament.

Tournament schedule

The total prize fund is 2600000. The overall top three prizes are 105000, 70000 and 50000 along with a trophy each There are 20 main prizes. Each of the five rating categories including Unrated has ten prizes each. The top three prizes in those categories are 50000, 25000 and 15000 along with a trophy each respectively.Each of the eight age group categories also have cash prizes along with a trophy. There top three prizes are 50000, 30000 and 20000 along with a trophy each. There are also Best Dakshina Kannada, Best Udupi, Best Women (Above 18 years), Specially Abled and Best Veteran (Above 55 years) prizes - they all have cash prizes. Apart from these, there are also special prizes in various age group categories which has a chess clock and trophy as the prize.

Prize details

Check out theofficial and arbiter panel in the image below:

Official and Arbiter panel names

Indiana Convention Centre in Mangaluru, Karnataka is the venue.

Tournament venue

Entry is FREE for GMs, IMs, WGMs and WIMs.For everyone else, entry fee is 6500 till 20th November. From 21st - 30th November, entry fee will be 7500. From 1st to 8th December 2023, entry fee will be 8500. Check out the image below for all information including a selfie contest to win 10000 cash:

Important info about the tournament

IM Manish Anto Cristiano F is the sole confirmed titled player till now

Details

Official site

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Everywhere Shop Opens in Uptown Kingston | Shopping | Hudson … – Chronogram

Ashley Molesso and Chess Needham, the queer and trans couple behind online stationery brand Ash + Chess, are embarking on a new venturethe opening of their very first brick-and-mortar retail store. Opening on November 11 at 44 North Front Street in Uptown Kingston, the duos upcoming Everywhere Shop will offer a range of bright and colorful products, including from their own stationery to gift items, home decor, and greeting cards.

Molesso, originally from Arkansas, studied textile design at the Fashion Institute of Technology and convinced Needham to join her to create the stationery business. I met Chess on a dating app, says Molesso. Eventually, I took him to a trade show for a wallpaper company that I used to work at, and at the same time, there was a stationery show going on. So we watched that together, and I kind of convinced him to start a business with me.

Molessos background in textile design, along with experience in the home goods industry, played a pivotal role in the brands creation. Needham, on the other hand, was a stationery newcomer. I dont really have the art background that Ash has, says Needham. I was a special ed teacher in the city for seven years, until Ash + Chess really picked up and we realized it was something that we could put all of our effort into. I ended up quitting my job, and Ash taught me pretty much everything about art and design.

As the couple transitioned into the world of stationery, they set out to create a brand that represented and supported the queer community. We first started off our brand six years ago by saying that we were a queer-owned brand, says Needham. A lot of people were like, Don't do that. Youre going to lose customers. You just make cards, why does that part matter? Weve been trying to hold true to the fact that it does matter and that representation is important. In their ongoing endeavor to produce art and products that represent the queer community, Ash + Chess has collaborated with major names such as Target and Skittles. Now, over 700 retailers throughout the United States, Canada, Europe, and Asia sell their art and stationery.

The business started out based in Richmond, Virginia, but the couple decided to move to the Hudson Valley after three years. I grew up going to the Adirondacks every summer, says Needham. We would drive through the area and see how beautiful it was. Richmond just didnt feel like home, so when we came back to New York, we decided to come up to Kingston, and it felt very right for us.

In Kingston, they initially rented out space in an office building, until Molesso discovered the building previously occupied by Arties Bar & Grill during a walk last November. After they toured the space this February, the couple realized it was exactly what they wanted. It was actually two spaces next to each other, connected in the middle, which is something that we were looking for specifically, says Molesso. So one storefront part is now our office side where we run the Ash + Chess wholesale, and the other side is going to be the Everywhere Shop.

Ash + Chesss ethos of inclusivity extends to the Everywhere Shop, including its name. Everywhere came from the sentiment that queer and trans people are everywhere and that theyve always been everywhere, says Molesso. Needham adds, For me as a trans person, I just feel safe when I go into a store where I see myself representedand not in a way thats an afterthought. So we have a lot of products and signage that indicate to people that theyre seen here, that theyre welcome in the shop, and that its for them.

The ADA accessible space will offer small gift items, including cards, pens, notepads, notebooks, puzzles, candles, and of course, stationery. Many of the showcased products will come from LGBTQIA+, BIPOC, AAPI, Latinx, and local makers, including Chunks, Goddex, Loam, Palate Polish, The Wednesday Co., Not Picasso, and Barry Lee. The duo are also hoping to continue adding products from additional businesses and are open for product submissions. On top of products, the shops displays are all hand-built, and a free art box outside the store is stocked with gifts for passersby to take home and enjoy.

On Friday, November 10, from 6-9 PM, the Everywhere Shop will host an opening party, complete with snacks and beverages provided by local queer chefs Julia Turshen and Emmet Moeller from Common Table. Molesso and Needham describe it as an opportunity to mix, mingle, and shop, and will be giving away goodie bags to celebrate the occasion.

As the Everywhere Shop gears up for its launch, the duo hope that it can be a hub for the community. We want to be able to help other people, other businesses, other organizers, and other queer people in need of a place to meet, host a workshop, or gather, says Needham. It might be our project, but its more than that, and it wouldnt exist without the people who are out here.

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NEAR Foundation and Polygon Labs join forces to build Zero-Knowledge Solution for WASM Chains – Yahoo Finance

Leading ZK researchers and WASM experts to develop a zero-knowledge prover for WASM blockchains available via Polygon CDK

The zkWASM collaboration leverages Polygon Labs' groundbreaking zero-knowledge R&D with NEAR Foundation's WASM expertise, positioning this ZK solution at the forefront of the Web3 market

zkWASM will eventually be one of three provers available for developers who choose to build with Polygon Chain Development Kit (CDK), an open source codebase for launching ZK-powered L2 chains for Ethereum

NEAR Foundation becomes a core contributor to Polygon CDK

This pioneering research initiative will pave the way for greater trustless interoperability across Web3, including between NEAR and the Ethereum ecosystem

LISBON, Portugal, Nov. 8, 2023 /CNW/ --NEAR Foundation, the non-profit that supports the growth and development of the NEAR ecosystem, and Polygon Labs, a software development company for leading Ethereum Layer 2 scaling architecture, announce a strategic collaboration to build zkWASM, a zero-knowledge (ZK) prover for WASM blockchains. With Polygon Labs' authority in ZK scaling technology and NEAR's deep WASM runtime expertise, the zkWASM prover is positioned to lead the market among other wasm provers when it launches next year. Both teams shared the announcement today at the NEAR ecosystem's annual flagship conference, NEARCON, in Lisbon.

NEAR Foundation and Polygon Labs join forces to build Zero-Knowledge Solution for WASM Chains

This announcement brings together two leading protocol teams to build a more secure, interoperable Web3 ecosystem. A zkWASM prover positions NEAR Protocol closer to Ethereum and enables WASM chains to tap into Ethereum liquidity. In the future, through an in-development interoperability layer, chains will also be able to access shared liquidity in a unified ecosystem of CDK-deployed chains, including alternative layer-1s, EVM layer-2s, and WASM chains. Using a zkWASM prover, WASM chains will be able to settle transactions efficiently and cost-effectively with maximum security guarantees, unlocking the full potential of zero-knowledge for the multichain future of Web3.

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"We are proud to collaborate with NEAR on this exciting research initiative to further drive the development and adoption of ZK technology. The zkWASM prover maximizes developer customizability, which means projects will be able to select from a number of provers when building with CDK, whether that's launching or migrating an EVM chain, or building a WASM chain for closer Ethereum alignment and access to liquidity," said Sandeep Nailwal, co-founder of Polygon.

A zkWASM prover will be an upgrade for NEAR validatorsinstead of the hard work of validating a shard, validators will instead be able to generate a single zero-knowledge proof, greatly simplifying validator requirements.This means better scalability and increased decentralization for the NEAR Protocol.

"We are very excited to work with Polygon Labs to bring all the benefits of zero-knowledge proofs not just to NEAR but all of Web3," said Illia Polosukhin, co-founder of NEAR Protocol. "NEAR is integrating more with Ethereum by innovating in new research frontiers, and the shared expertise of NEAR and Polygon will expand the ZK landscape and defragment liquidity across chains. Creating and using the zkWASM prover will also improve the scalability and decentralization of the NEAR L1."

The zkWASM prover is now in active development and is expected to launch next year.

About NEAR Foundation:

NEAR foundation is a Switzerland-based nonprofit foundation whose mission is to enable community driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes a fully operational decentralized Blockchain-based platform for building decentralized applications.

NF carries out its mission, primarily through the allocation of support and resources to other nodes in the near ecosystem, rather than via direct intervention or operations.

Unlike many organizations of its type, NF's ultimate goal is to minimize its own scope and footprint by continuing to divide functions and resources to the ecosystem; and support the development of decentralized infrastructure necessary for those ecosystem functions to operate in a self-sufficient manner. For more information visit the website.

About Polygon Labs:

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading web3 in becoming carbon negative.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure transactions for dApps you develop, get started here.

Website| Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

CONTACT: Georgia Haniaspress@near.foundation

(PRNewsfoto/NEAR Foundation)

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Structuring For Success: How To Future-Proof Your Legal Department – Above the Law

A whopping 98% of GCs are responding to managements calls for in-house teams to be better value enablers by either making or planning to make changes to their departmental structure. Often, CEOs and CFOs are attracted to decentralization, or a structure in which lawyers are co-located with their business teams, due to the models perceived benefit of driving economic value for the business.

But theres a problem decentralization often leads to inefficiency, lack of visibility, and ineffective risk mitigation, hurting the businesss bottom line and GCs know it.

Why are GCs making changes they dont want to? What do GCs actually want, and how can they make the case to leadership?

Register to join us on November 30th at 1 p.m. ET and learn how to leverage data to better advocate for the legal department organizational structure that will actually empower legal teams to best serve the needs of the business.

Key takeaways include:

Panel Speakers:Zach Abramowitz, Killer Whale StrategiesDavid McVeigh, AxiomAshlin Quirk, AxiomOlga Mack, LexisNexis

Register below and secure your spot for November 30th!

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Happy 15th Birthday Bitcoin: A Glimpse Into Its Groundbreaking … – The Motley Fool

It's been 15 years since that fateful day when Satoshi Nakamoto released the Bitcoin (BTC 0.07%) white paper to the world. Indeed, Bitcoin's pseudonymous inventor likely knew this creation was novel and innovative, but who could have imagined that it would usher in a new era of finance?

As its 15th birthday passes, it's time to take a closer look at why Bitcoin has taken the world by storm, how it has evolved, and where it could be headed.

Image source: Getty Images.

There are thousands of cryptocurrencies in circulation today, but it's important to remember that without Bitcoin, most of them wouldn't exist. Bitcoin's creation and open-source code provided developers with a blueprint and starting point to create new cryptocurrencies. Although the cryptocurrency asset class has grown from one to many thousands, Nakamoto's creation remains the clear leader, not only in price but also in technology.

Although newer cryptocurrencies often tout features that provide greater scalability or revamped security models, Nakamoto's elegant yet simple design has proven to be the most robust, resilient, and capable blockchain. Boasting a track record of zero hacks and the highest levels of decentralization, Bitcoin remains the quintessential cryptocurrency in a class of its own.

Nakamoto created Bitcoin for various reasons in response to the Great Recession. One of the primary motivations mentioned in the white paper was to establish a decentralized payment system that does not require intermediaries, such as banks. While initially designed for transactions and still technically able to be used in this fashion, Bitcoin has evolved to become a preferred option for storing wealth in a decentralized system. Unlike fiat currencies that are subject to devaluation, Bitcoin provides another way to store wealth. Thanks to Bitcoin's sound monetary policy and finite supply, Nakamoto's creation has become a viable means for holders to preserve value.

Not only have Bitcoin's use cases evolved with time, but so has the code itself. While Nakamoto would still recognize the original Bitcoin, there have been a series of upgrades known as Bitcoin Improvement Proposals (BIPs) implemented over the past decade and a half that have enhanced Bitcoin's functionality. Two of the most popular BIPs have been dubbed SegWit and Taproot.

With the release of SegWit in 2017, Bitcoin transactions became faster and cheaper by changing how data is stored. Building off of SegWit, the Taproot upgrade was approved in 2021 to enhance privacy and smart contract capabilities by making all transactions appear uniform on the blockchain, a long sought-after feature. Best of all, even after all the improvements, Bitcoin still retains its fundamental features of decentralization and security, all while becoming more capable and efficient.

It has been a long and historic journey for Bitcoin -- and yet it is likely only beginning. What was once an obscure cryptocurrency used by tech enthusiasts has gone from processing just a few hundred daily transactions to more than 700,000. This extraordinary rise in adoption is now garnering attention from Wall Street juggernauts like BlackRock and Fidelity as they vie for approval for a Bitcoin exchange-traded fund (ETF). Not to mention, countries like El Salvador have embraced Nakamoto's creation as an official form of currency.

While Bitcoin is breaking through barriers in traditional finance, developments are occurring on a new frontier that could increase Bitcoin's prominence. In May 2023, Bitcoin got another new use case with the introduction of Ordinals. As a way for users to essentially mint non-fungible tokens (NFTs), Ordinals signify the growing interest in Bitcoin-based decentralized finance (DeFi). With the current DeFi economy worth more than $43 billion today, Bitcoin has been unable to participate in this burgeoning market due to limitations in its code. But with Ordinals and other technological developments such as Layer-2 blockchains like Stacks, the likelihood of Bitcoin entering DeFi is increasingly likely and could unleash pent-up capital in novel ways.

As more individuals, institutions, and even countries adopt Bitcoin, the demand for its limited supply of 21 million coins is intensifying. This trend makes it difficult to predict an exact target price for Bitcoin. However, one thing is clear -- the simple supply and demand dynamics suggest that the value of Bitcoin will rise.

Rather than speculating on Bitcoin's exact price target, it is best to focus on its significance, which may well be greater than any projection. With each passing day, Bitcoin is proving its resiliency, discovering new use cases, and filling gaps in the financial system. Therefore, the next 15 years could be even more revolutionary for Bitcoin than the first 15, as Nakamoto's invention paves the way for a new era of financial innovation.

RJ Fulton has positions in Bitcoin and Stacks. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

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