Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision - page 24. (Read 226361 times)
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Now why would I join a failed SV project?
Easy! in a word = CAPACITY
Soon 2.5 years of existence for BSV which is the direct heir of the original Bitcoin code (Ticker XBT) very far technically from BTC and its technological limitations induced with SegWit.
Anyway BSV (called the real Bitcoin by its afficionados which is also my opinion) allows to explore other perspectives as much thanks to its stable protocol (contrary to BTC - BCH) so the developers can express their creativity without constraints. For others who haven't yet mastered the basics of Forth there are outright free and accessible courses in partnership with the Bitcoin association which has launched massively open online courses dedicated to #BitcoinSV in partnership with the University of Applied Sciences of Saxony in the Netherlands & the Saxion Blockchain Institute, a research group on block chains. These training courses are diploma courses, and there is a strong desire to train people in new technologies.
Other advantages BSV is fully Turing unlike BTC & BCH so it solves the Zooko Triangle currently allows more than 9000 transactions per minute in active chain and more than 16 million transactions contained in a single block, it's huge and it's only the beginning! And above all, it allows a total stability on transaction fees, i.e. 0.5sat/Bytes! zerosat is coming soon, planned with Teranode in 2022, the GST should reach more than 50,000 transactions per minute. Ideal for IoT push and all other systems that need to save data securely and immutably in the blockchain.
Know that there is also the exploitation of augmented reality + virtual reality + the power of BSV = AR + VR = XR new technological concepts that will turn all kinds of models upside down!
for the last 2 years there is an ultra complete ecosystem that grows again and again like a kind of Android OS (Bitcoin OS?) but there it is a very distinct BSV blockchain with unequalled capacities allowing to create and exploit potentials in an unlimited way. From the point of view of Metanet's continuous development, its evolution is an internet on Blockchain, it's revolutionary!
In addition to these points, BSV is characterised by the possibility to generate nano-transactions, for example with the Handcash application only on BSV you have the possibility to make an instant transfer of 0.0001 cents free of charge, no more currency exchange wherever you are!
The only downside is the reputation of its creator who seems to be very regularly targeted by a global cartel (BTC detractors) determined to sink BSV since BSV releases the true potential of Bitcoin to the detriment of their economic interests (BTC) and their associates, entities, which Coingeek media is trying to denounce. https://coingeek.com/?s=cartel even on forums such as Bitcointalk of the armies deployed to discredit BSV at all costs. Even in the specialised French, Indian, Italian, Belgian, Ameciran, Chinese, Japanese...... crypto media no information on the progress of BSV is dedicated to judicial masquerades against media desks but for a precise purpose that all these cretins have not understood: to identify.
To assert what is rightfully theirs is legitimate, if you read in any case they don't want to make the information of the WP disappear. Few people take the time to understand because in the flow of the FUD and other media manipulation.
Apart from the fact that BSV makes it possible to explore new possibilities BSV imposes itself as a technological breakthrough it is the direct solution to break the digital content models since BSV users become the real owners of their data that they decide to sell, mask, rent. Even the digital identity reaches a high level thanks to the paymails made available to the users. BSV is a force not to be underestimated. At BSV users tend not to Hodl since they use BSV instead of locking tokens in a safe while waiting for the price to rise. Know also that the NFT are already possible just like the forges of stable tokens which can be "tokenized" (reported numerically) for any type of good (it is even divisible). It is quite possible to integrate all the chains BTC + ETH + BNB + ADA + BCH + all the others directly in BSV since it is the only decentralised Blockchain in capacity of realisation. Last but not least, BSV complies with the anti-money laundering laws AML and KYC.
To each his own opinion, I really suggest you do your own research (or DYOR in the jargon). Don't miss out on BSV because technologically it is definitely Bitcoin.
On https://bitcoinsv.com you can learn more about it.
kna looks great!
Your wife too look she's still here:
Hey Princess lead gang. See the power of BSV! Your wife is amazing, she's just finishing soon, she's coming home to kiss you!
Kiss you Bisooo BiSooooO mwuah mwaah 
no hard feelings it's good to know that you love BSV as a family Quote
Bitcoin at scale is the most private money in history
https://www.youtube.com/watch?v=UJ_57CxxCrs&t=2314s
At the timestamped link above Bitstocks CEO Michael Hudson beautifully juxtaposes the much-scrutinized dichotomy between privacy and anonymity. Hudson criticizes the way digital currency wallets store coins today, stating that this makes it “very easy” for a “company like Chainalysis to do what they do.”
He then states that the way Bitstocks is managing their coins for their users is unique, stating that he is “pretty f****** confident” that Chainalysis will not be able to trace the transactions, while remaining “legally and lawfully compliant.”
These statements corroborate Dr. Craig Wright’s article on Bitcoin’s privacy model which was written to teach users how to maintain privacy when transacting. A simple technique Wright describes is to split coins ahead of spending into approximate denominations that can be used at each merchant separately.
For example, if I have a 1 BSV coin and plan to spend according to the following budget:
Cost Merchant
0.5 Grocery
0.1 Breakfast
0.2 Gas
0.2 Lunch
One can split these coins into sub-denominations, for example 4 coins (0.05, 0.1, 0.2, 0.15) could make up the 0.5 total cost at the grocery store to achieve further obfuscation such that it is nearly impossible to tell where the coins are coming from. HandCash implements this type of scheme with via Output Bills. However, as briefly touched on in that article, change outputs can cause issues like revealing information about the participants.
Spending this way removes the need for change which also reduces complexity in preserving privacy, while being optimal for peer-to-peer offline transactions. Granted, Bitcoin is far away from being used as a conventional method of payment to the degree where specific amounts match prices (ex. Lunch costing 0.1 BSV instead of 0.12871805 BSV); this is why scalability is so important.
Despite BSV wallets efforts in 2020 to go ‘peer-to-peer’ this approach still misses the mark on privacy and offline capability.
Source: HandCash Medium
While these efforts did gain an advantage in wallet scalability the consequences of an immediate broadcast by either side kill some powerful use-cases. Wright himself chastises this approach in his epic Arnhem speech from 2017 at the timestamped link below:
If the sender can transact without caring about change, they can pass the raw transaction directly to the merchant without ever needing to be connected to the Internet. The point brought up in the article by HandCash and Money Button becomes moot since merchants want to be paid as soon as possible, it is not the wallet or software providers concern to make sure the receiver gets paid.
Additionally, the raw transaction (along with a local copy of block headers for an SPV check) contain all the necessary information to validate without ever making a network call. Wallets can then discard the UTXOs locally when the sender gives the merchant the raw transaction, so a double-spend is not necessarily a concern.
This is how a Bitcoin can truly function as p2p, private cash without the Internet—this scenario can be repeated where the merchant splits their newly received coins in the same way before spending.
Source: Medium
Services benefit from this architecture as well. In Dean Little’s BSVABI proposal, he highlights the advantages of this model for applications.
Source: BSVABI
This design pattern is exactly how the new Twetch Wallet works, which is why it is such a great UX improvement over wallets who broadcast the transaction first.
Source: Twetch
Bitcoin can be used in a way those on the outside looking in cannot trace what you are doing, but participants can in the case they have to—ideally how markets should function. By using the electronic cash to its full capability, we can hide from Big Brother while showing him our middle finger.
See also: CoinGeek Live presentation, Blockchain Intelligence: Analytics, Forensics & Compliance Tools for Bitcoin SV
https://www.youtube.com/watch?v=FRl0_D8x5P0&feature=youtu.be
Source https://coingeek.com/bitcoin-at-scale-the-most-private-money-in-history/ thanks to Joshua Henslee
Quote
New BSV app - Image-sharing app Relica pays in BSV, and is now open to the public
Relica, the image-sharing social network running on Bitcoin SV (BSV), has opened up to the public. With its private beta testing phase now complete, existing users can use referral links to invite others to join in.
Relica is similar to Instagram in the way Twetch is similar to Twitter—that is, the format and features are familiar but integrating Bitcoin micropayments make them more compelling. As well as creating new content-sharing economies simply by adding Bitcoin, both are also starting to include other useful features the apps that inspired them haven’t (see the interview below for more on that).
https://twitter.com/Relicaworld/status/1358740840064028673
The benefits of familiar-looking platforms running on Bitcoin can’t be understated, either. Relica users, like their Twetch counterparts, retain ownership of the content they create. Getting paid for that content, even if it’s only in small amounts, is a far greater incentive to post than—let’s face it, pretty meaningless—”likes.” When these networks become far more widely-used, people will start to use them as side-hustles or even primary income.
Thoughts from the beta and live versions
Even in its bare-bones beta phase, Relica’s web and mobile versions ran smoothly and with few glitches. Its simple design and intuitive functionality made it easy to use, and the developers tweaked prices along the way to achieve their optimal levels.
For now, those who refer new users will earn 50% of Relica’s share of their transactions (which is roughly 10-20% of the transaction amount). Prices themselves are similar to Twetch. There’s no sign-up process as users can login with a Money Button wallet, and more third-party BSV wallets will be included soon.
https://twitter.com/Relicaworld/status/1356912715990585345
While the “swipe to pay” design element used by apps like Money Button and RelayX have been convenient for one-off purchase, users eventually found them tedious for social network interactions, with small payments occurring regularly. Like Twetch, Relica has now added a “one-touch” payment option to make these instant and invisible—but be warned, you might want to keep the swipe for a while until you get used to how much each different function costs.
Relica (at this stage) doesn’t have Instagram’s built-in filters and editing/touch-up options. However, there are two types of users here: those who edit their photos on another app before uploading to a social network; and the ones who only use the built-in ones. Since other apps tend to have more options, the former type is becoming more common.
We spoke to Relica co-founders Daniel Street and Jeremy Street about the launch, how the beta-testing went, and what they’re planning to do in the future. Read the Q&A below to find out the details.
What is Relica?
Relica reimagines content sharing with a mobile app that empowers creators to generate income and maintain ownership over their photos. With our unique micro-transaction infrastructure that cuts out big tech and advertisers; influencers and photographers alike can earn instantly from their first photo on Relica.
How was your private beta?
Our private beta went really well and was important for us to make sure our early users were enjoying the experience and that we could scale. The feedback we received from our early users was invaluable and allowed us to iron out bugs as well as implement a number of new features including:
– Invitations with referral bonuses
– Viewing who has liked your photos
– Stickers for first posts
– One-click payments
– Ability to be paid for your follows
– A favourites button for saving images
Our latest feature is a referral invitation that incentivises users to onboard others and rewards them 50% of Relica revenue whenever their referrals earn.
What other features have your users requested?
We enjoy receiving feedback from our users along with suggestions on future features they want to see on Relica.
To name a few of the upcoming features in our pipeline:
– Integration with more third-party wallets
– Ability to post full sized images
– Desktop version of Relica
– Chat
Suffice to say, we have a busy early 2021 ahead of us!
What has been the most challenging part of developing the app so far?
We spent a lot of unnecessary time early on creating our own wallet functionality for users before we realised this is not the problem we set out to solve when we started Relica. There were third party wallets with rich features already available and we wanted to support the blossoming ecosystem around us, rather than reinvent the wheel.
We also made a conscious decision to build a Progressive Web App rather than a native app as we weren’t sure that a native bitcoin app which allows users to earn money would be accepted on the app stores. This has come with its own challenges as feature-rich capabilities provided by a native phone OS are harder to mimic on a web site.
Some have criticized platforms like Twetch for being too similar in features and appearance to existing social networks. Twetch devs say this is necessary to make them familiar to new users. What’s your opinion on this issue?
It’s true that many emerging social media platforms share similar characteristics to existing social media networks. This is because there’s a tried and tested formula for social media which Relica also uses— Home screen, User feed, Notifications and a profile. Importantly, though, this is where the similarity stops—with blockchain-based social networks, like Relica, users can post content and earn income instantly from direct interaction with their audience.
With that in mind, do you plan to introduce features that Instagram doesn’t have?
The short answer is: YES! The development pipeline for Relica is exciting to say the least. Over the next few months we’ll wrap up a few outstanding features, and then focus completely on Phase Two. Simply put—Phase Two of Relica will change the way we perceive interactions with audiences via social media. This next iteration of Relica is already in development, and is the reason we founded our company to begin with. We’ve kept it under wraps as there is nothing else like it in the world today. Expect it to be unleashed sometime this year.
How do new users gain access to Relica?
Visit Relica, sign up and start posting your photos!
Source: https://coingeek.com/image-sharing-app-relica-pays-in-bsv-and-is-now-open-to-the-public/ Thanks to Jon Southurst
Quote
Naming protocols atop Bitcoin SV
When evaluating yet another new alt coin in the digital currency space, a concept known as Zooko’s Triangle is often leveraged which defines three traits that a network protocol should strive for: “decentralization,” “human-meaningful” and “secure.”
Source: Wikipedia
Of course, the need to solve this trilemma assumes that Bitcoin cannot scale, justifying the creation of alternative network protocols in hopes of meeting these three requirements (i.e. Namecoin). Bitcoin easily meets the “decentralized” and “secure” qualities but does not handle the “human-meaningful” part at the base layer. As with alt coins, this gap does indeed justify 2nd layer solutions atop Bitcoin to complete the triangle.
The first proposed solution on BSV to namespaces was Paymail. Paymails are email-like payment aliases and a proposed identity solution. Paymail has significant adoption across the space (almost all wallets and most apps) and is much preferred over 34-character ugly public key hashes (addresses).
Paymails are tied to the domain owner that issues them, thus bound, and secured by DNS. This means paymails are revokable at any point, therefore are not “decentralized” and cannot be an identity solution. For example, no matter what crimes you commit no government or entity in the world revoke one’s identity.
Paymail meets two points of Zooko’s triangle.
Xoken introduced the Allegory Naming Protocol in early 2020 that sits atop the BSV ledger, attaching names to a UTXO. Namespaces are defined in an OP_RETURN output and can grant the prefix owner to create new names under that prefix. Jackson Laskey elaborates on this concept in his article, “How @jack Joins Twetch”. The names are owned by the private key holder of the UTXO thus are fully ‘Decentralized’ (and of course Human-Readable).
https://coingeek.com/wp-content/uploads/2021/02/naming-protocols-atop-bitcoin-sv_setion3.png
Source: Xoken
However, these names and validation are not secured and enforced by the Bitcoin protocol and must be done so by its participants on the 2nd layer. This implementation has scaling challenges that all token protocols on BSV face which is the “Back to Genesis” problem. Names could be spoofed via arbitrary Bitcoin outputs so participants must track each transaction back to the “Genesis” transaction of the name to ensure they have the valid one.
Xoken Allegory meets two points of Zooko’s triangle.
Source: NBdomain
NBdomain proposes a domain naming system atop the BSV protocol. The domains are linked to a set of keys, so like Paymail and Allegory users can receive payment via their on-chain alias. The protocol defines how ownership is preserved as well as specifications for purchases and sales. All actions are UTXO-based, thus “decentralized.”
Like Allegory, because NBdomain defines actions and metadata in OP_RETURN outputs so the validation must be done by network participants.
NBdomain meets two points of Zooko’s Triangle.
Any solution that requires arbitrary metadata on Layer 2 of the ledger cannot meet the security standards of Bitcoin itself. Each token solution without exception are included in this flaw; they all require validators to abide by the same ruleset without Proof of Work, therefore are not Byzantine Fault Tolerant. Nor can any naming or identity solution be “decentralized” that are simply entries on some private companies’ database. That stated, these flaws are not necessarily a problem. As all naming protocols face these common issues, they all compete on an even playing ground.
This means that likely the one that is the easiest to use, most robust and ends up with the largest network effect will win in the end, deprecating the others.
Source https://coingeek.com/naming-protocols-atop-bitcoin-sv/ thanks to Joshua Henslee
When evaluating yet another new alt coin in the digital currency space, a concept known as Zooko’s Triangle is often leveraged which defines three traits that a network protocol should strive for: “decentralization,” “human-meaningful” and “secure.”
Source: Wikipedia
Of course, the need to solve this trilemma assumes that Bitcoin cannot scale, justifying the creation of alternative network protocols in hopes of meeting these three requirements (i.e. Namecoin). Bitcoin easily meets the “decentralized” and “secure” qualities but does not handle the “human-meaningful” part at the base layer. As with alt coins, this gap does indeed justify 2nd layer solutions atop Bitcoin to complete the triangle.
The first proposed solution on BSV to namespaces was Paymail. Paymails are email-like payment aliases and a proposed identity solution. Paymail has significant adoption across the space (almost all wallets and most apps) and is much preferred over 34-character ugly public key hashes (addresses).
Paymails are tied to the domain owner that issues them, thus bound, and secured by DNS. This means paymails are revokable at any point, therefore are not “decentralized” and cannot be an identity solution. For example, no matter what crimes you commit no government or entity in the world revoke one’s identity.
Paymail meets two points of Zooko’s triangle.
Xoken introduced the Allegory Naming Protocol in early 2020 that sits atop the BSV ledger, attaching names to a UTXO. Namespaces are defined in an OP_RETURN output and can grant the prefix owner to create new names under that prefix. Jackson Laskey elaborates on this concept in his article, “How @jack Joins Twetch”. The names are owned by the private key holder of the UTXO thus are fully ‘Decentralized’ (and of course Human-Readable).
https://coingeek.com/wp-content/uploads/2021/02/naming-protocols-atop-bitcoin-sv_setion3.png
Source: Xoken
However, these names and validation are not secured and enforced by the Bitcoin protocol and must be done so by its participants on the 2nd layer. This implementation has scaling challenges that all token protocols on BSV face which is the “Back to Genesis” problem. Names could be spoofed via arbitrary Bitcoin outputs so participants must track each transaction back to the “Genesis” transaction of the name to ensure they have the valid one.
Xoken Allegory meets two points of Zooko’s triangle.
Source: NBdomain
NBdomain proposes a domain naming system atop the BSV protocol. The domains are linked to a set of keys, so like Paymail and Allegory users can receive payment via their on-chain alias. The protocol defines how ownership is preserved as well as specifications for purchases and sales. All actions are UTXO-based, thus “decentralized.”
Like Allegory, because NBdomain defines actions and metadata in OP_RETURN outputs so the validation must be done by network participants.
NBdomain meets two points of Zooko’s Triangle.
Any solution that requires arbitrary metadata on Layer 2 of the ledger cannot meet the security standards of Bitcoin itself. Each token solution without exception are included in this flaw; they all require validators to abide by the same ruleset without Proof of Work, therefore are not Byzantine Fault Tolerant. Nor can any naming or identity solution be “decentralized” that are simply entries on some private companies’ database. That stated, these flaws are not necessarily a problem. As all naming protocols face these common issues, they all compete on an even playing ground.
This means that likely the one that is the easiest to use, most robust and ends up with the largest network effect will win in the end, deprecating the others.
Source https://coingeek.com/naming-protocols-atop-bitcoin-sv/ thanks to Joshua Henslee
Quote
Blockchain Technology Is the Solution To Broken Digital Content Models
Social media and digital content-based businesses have been reliant on the classic media buying model since their inception. But new monetization models now exist with the potential to reimagine the industry and rebalance its revenue distributions entirely, writes Jimmy Nguyen, founding president of Bitcoin Association.
Advertising has been the dominant revenue model for digital content providers for as long as they have existed yet inherent in this model is a frequent fundamental disconnect between the people creating content and the monetary value they receive from publishing it. Generally, revenue is assigned to content based on how many engagements an advertisement that has been placed on or near that content is earning. The creator may see a sliver of this, but by and large, the revenue is earned predominantly by the platform owner.
From the content consumer’s point of view, they do not pay anything for the content (or at most, pay with their attention), and are thus, forced to view advertisements as a price-of-entry. The data privacy conversation has brought this idea to the fore. Social media platforms that many believe to be free in reality are not so at all. Users are paying with their data – and the recipients of that data and how they intend to use it remain a mystery to the users who generated it.
Learn More: Why You Should Ditch Keyword-Lead Content Marketing Strategies
Perhaps most importantly (considering the explosion of social media influencers in recent years), users are not able to directly monetize the content they are creating on social media platforms. Audience members too cannot directly support creators they like without conforming to the requirements of the advertisers – being forced to watch the thirty-second ad at the start of a video, for instance.
It is often assumed that all of this revenue business is the domain of the platform owner itself.
Think about the role a social media influencer currently plays in the business model of a company like Facebook, creating content that produces engagement at a scale of thousands (and potentially hundreds of thousands, or even millions). Facebook profits from the associated advertising, which is, of course, seen or interacted with because of the content produced, contextualized with personal data previously collected and sold. To a degree, the creator is both the seller and the product. Yet they see little of the profits that their activity is generating.
This status quo is self-sustaining: it is like this because it has always been this way. This has perpetuated the idea that social media must be entirely free. But this is a holdover from a time when data hosting was far more expensive, and digital content was poorly understood.
The good news is that things do not need to be this way thanks to blockchain technology. Content creators and influencers are using blockchain-powered content applications to prove that there are alternatives.
How Blockchain Helps Content Creators and Influencers
Understand that a blockchain is simply a digital ledger, for which data transactions are verified and maintained in a distributed manner. This resolves the need to trust a central authority or third-party intermediary (e.g. bank or financial institution) to ensure that the ledger is correct. In this way, blockchain is the great disintermediator – greatly reducing, if not eradicating entirely, the need for intermediaries.
By using blockchain technology, functions like digital payments – which previously were beholden to trusted intermediaries – can be facilitated directly between users without using a payment processor. A massively scaled blockchain, such as Bitcoin SV, also enables micropayments – the ability to send amounts smaller than a single U.S. cent – because users do not have to incur the processing fees charged by traditional payment intermediaries. When combined with the data functions of blockchain, together with features like smart contracts – which can automatically combine data functions with payments – it opens the door to users being able to publish and monetize content on social media with much less input on the part of platform providers or third-party advertisers.
Blockchain has the potential to disrupt an unsustainable and largely uncontested status quo in which content creators are not being adequately rewarded for the traffic they generate for the platform they are patronizing.
And while replacing a near-ubiquitous advertising model sounds like a daunting prospect, developers are already using blockchain technology to reimagine the social media experience – and model.
Social Media Platforms Are Already Using Blockchain
Social media platform Twetch is a prime example. Put simply, Twetch is Twitter but built atop the Bitcoin SV blockchain. Every interaction that takes place on Twetch is pushed directly to the blockchain. Every ‘twetch’ (tweet), ‘branch’ (retweet) and profile, as well as every other kind of engagement with those twetches, branches and profiles, all take place directly on the blockchain. For content creators, the platform pays a couple of cents to post their content, with each like or branch costing the user engaging with the content a couple of cents – the bulk of which goes straight to the content creator.
As an upstart social media platform with a radically different business model, the uptake of Twetch has been solid with a strong growth trajectory both in terms of users and content. Twetch is progressively growing its user base, including celebrities such as actor Danny Trejo and director Eli Roth.
Likewise, PowPing is another Bitcoin social network that allows users to earn micropayments from their posts. It focuses more on-topic channels that users can elect to follow and blog-style content in addition to short messages.
Moving into the realm of pictures, Relica is like Instagram on the blockchain. Users post photos, earn Bitcoin micropayments when other users like or comment on those photos, and maintain ownership of their images. For photographers and social media influencers, this is a way to earn money directly from their image posts – something they cannot do on Instagram.
And advancing to the world of video, there is Streamanity, a “YouTube” on the blockchain. Rather than content creators getting compensated via an opaque system of third-party advertising, the revenue from which somehow sometimes filters back to the user, Streamanity allows video creators to charge viewers directly for watching their videos. This can be a simple fee-per-view or more complex and leverage micropayments for more advanced pricing options. For example, it could be paying 1 cent for every 10 seconds of video viewed, or simply leave their channel open to direct tips via Bitcoin. Creators can earn instantly from their videos, rather than having to first satisfy YouTube threshold requirements for monetization (i.e., 1,000 channel subscribers and 4,000 watch hours in the past year.)
Learn More: The Challenges of DAM-less Content Creation: Alleviating the Pain With Automation
The world of consumer reviews is also ripe for change. Like with more traditional social media platforms, sites that allow users to review businesses largely generate their revenue from advertising. The revenue earned by content on these sites – which are almost entirely user-generated – passes from the advertiser to the platform without any return to the creators themselves (passionate consumers who take time to review a restaurant, hotel or other experience). True Reviews provides a system for micropayments to users for each positive vote their reviews receive from other users and a slightly reduced amount each time users vote the same way as each other.
Disrupting Digital Marketing Through Blockchain
And blockchain technology can even be used to disrupt digital marketing itself. This is reflected in TonicPow – a peer-to-peer advertising platform that allows users to reserve a spot on their own websites that can be booked by advertisers, who pay the user directly in Bitcoin. Because of the immutability and public nature of blockchain ledgers, the advertising revenue being generated by their website is completely clear to the user, not to mention the additional cost-efficiency facilitated by fast, cheap and automated blockchain transactions.
Changing the Status Quo
Status quos are difficult to refute. And undoubtedly, the largest dampener on enthusiasm for disruptive social media models is the deep entrenchment of the incumbents. It is all well if you can convince your followers to pay you for your content, but what good is that if no one is willing to look beyond the broken status quo in the first place?
The status quo for user-generated digital content is not efficient. Nor is it the best or most sustainable way to encourage users to generate valuable content. It is out of step with our developing notions of data privacy and ownership. It is to the benefit of major online service providers, not the users nor creators themselves.
As these platform users become more conscious of where their data is going, for what purpose and at what cost, the case for content creation on blockchain as a logical alternative makes itself.
Soucre: https://www.toolbox.com/marketing/content-marketing/guest-article/blockchain-technology-is-the-solution-to-broken-digital-content-models/ Thanks to Jimmy Nguyen
Social media and digital content-based businesses have been reliant on the classic media buying model since their inception. But new monetization models now exist with the potential to reimagine the industry and rebalance its revenue distributions entirely, writes Jimmy Nguyen, founding president of Bitcoin Association.
Advertising has been the dominant revenue model for digital content providers for as long as they have existed yet inherent in this model is a frequent fundamental disconnect between the people creating content and the monetary value they receive from publishing it. Generally, revenue is assigned to content based on how many engagements an advertisement that has been placed on or near that content is earning. The creator may see a sliver of this, but by and large, the revenue is earned predominantly by the platform owner.
From the content consumer’s point of view, they do not pay anything for the content (or at most, pay with their attention), and are thus, forced to view advertisements as a price-of-entry. The data privacy conversation has brought this idea to the fore. Social media platforms that many believe to be free in reality are not so at all. Users are paying with their data – and the recipients of that data and how they intend to use it remain a mystery to the users who generated it.
Learn More: Why You Should Ditch Keyword-Lead Content Marketing Strategies
Perhaps most importantly (considering the explosion of social media influencers in recent years), users are not able to directly monetize the content they are creating on social media platforms. Audience members too cannot directly support creators they like without conforming to the requirements of the advertisers – being forced to watch the thirty-second ad at the start of a video, for instance.
It is often assumed that all of this revenue business is the domain of the platform owner itself.
Think about the role a social media influencer currently plays in the business model of a company like Facebook, creating content that produces engagement at a scale of thousands (and potentially hundreds of thousands, or even millions). Facebook profits from the associated advertising, which is, of course, seen or interacted with because of the content produced, contextualized with personal data previously collected and sold. To a degree, the creator is both the seller and the product. Yet they see little of the profits that their activity is generating.
This status quo is self-sustaining: it is like this because it has always been this way. This has perpetuated the idea that social media must be entirely free. But this is a holdover from a time when data hosting was far more expensive, and digital content was poorly understood.
The good news is that things do not need to be this way thanks to blockchain technology. Content creators and influencers are using blockchain-powered content applications to prove that there are alternatives.
How Blockchain Helps Content Creators and Influencers
Understand that a blockchain is simply a digital ledger, for which data transactions are verified and maintained in a distributed manner. This resolves the need to trust a central authority or third-party intermediary (e.g. bank or financial institution) to ensure that the ledger is correct. In this way, blockchain is the great disintermediator – greatly reducing, if not eradicating entirely, the need for intermediaries.
By using blockchain technology, functions like digital payments – which previously were beholden to trusted intermediaries – can be facilitated directly between users without using a payment processor. A massively scaled blockchain, such as Bitcoin SV, also enables micropayments – the ability to send amounts smaller than a single U.S. cent – because users do not have to incur the processing fees charged by traditional payment intermediaries. When combined with the data functions of blockchain, together with features like smart contracts – which can automatically combine data functions with payments – it opens the door to users being able to publish and monetize content on social media with much less input on the part of platform providers or third-party advertisers.
Blockchain has the potential to disrupt an unsustainable and largely uncontested status quo in which content creators are not being adequately rewarded for the traffic they generate for the platform they are patronizing.
And while replacing a near-ubiquitous advertising model sounds like a daunting prospect, developers are already using blockchain technology to reimagine the social media experience – and model.
Social Media Platforms Are Already Using Blockchain
Social media platform Twetch is a prime example. Put simply, Twetch is Twitter but built atop the Bitcoin SV blockchain. Every interaction that takes place on Twetch is pushed directly to the blockchain. Every ‘twetch’ (tweet), ‘branch’ (retweet) and profile, as well as every other kind of engagement with those twetches, branches and profiles, all take place directly on the blockchain. For content creators, the platform pays a couple of cents to post their content, with each like or branch costing the user engaging with the content a couple of cents – the bulk of which goes straight to the content creator.
As an upstart social media platform with a radically different business model, the uptake of Twetch has been solid with a strong growth trajectory both in terms of users and content. Twetch is progressively growing its user base, including celebrities such as actor Danny Trejo and director Eli Roth.
Likewise, PowPing is another Bitcoin social network that allows users to earn micropayments from their posts. It focuses more on-topic channels that users can elect to follow and blog-style content in addition to short messages.
Moving into the realm of pictures, Relica is like Instagram on the blockchain. Users post photos, earn Bitcoin micropayments when other users like or comment on those photos, and maintain ownership of their images. For photographers and social media influencers, this is a way to earn money directly from their image posts – something they cannot do on Instagram.
And advancing to the world of video, there is Streamanity, a “YouTube” on the blockchain. Rather than content creators getting compensated via an opaque system of third-party advertising, the revenue from which somehow sometimes filters back to the user, Streamanity allows video creators to charge viewers directly for watching their videos. This can be a simple fee-per-view or more complex and leverage micropayments for more advanced pricing options. For example, it could be paying 1 cent for every 10 seconds of video viewed, or simply leave their channel open to direct tips via Bitcoin. Creators can earn instantly from their videos, rather than having to first satisfy YouTube threshold requirements for monetization (i.e., 1,000 channel subscribers and 4,000 watch hours in the past year.)
Learn More: The Challenges of DAM-less Content Creation: Alleviating the Pain With Automation
The world of consumer reviews is also ripe for change. Like with more traditional social media platforms, sites that allow users to review businesses largely generate their revenue from advertising. The revenue earned by content on these sites – which are almost entirely user-generated – passes from the advertiser to the platform without any return to the creators themselves (passionate consumers who take time to review a restaurant, hotel or other experience). True Reviews provides a system for micropayments to users for each positive vote their reviews receive from other users and a slightly reduced amount each time users vote the same way as each other.
Disrupting Digital Marketing Through Blockchain
And blockchain technology can even be used to disrupt digital marketing itself. This is reflected in TonicPow – a peer-to-peer advertising platform that allows users to reserve a spot on their own websites that can be booked by advertisers, who pay the user directly in Bitcoin. Because of the immutability and public nature of blockchain ledgers, the advertising revenue being generated by their website is completely clear to the user, not to mention the additional cost-efficiency facilitated by fast, cheap and automated blockchain transactions.
Changing the Status Quo
Status quos are difficult to refute. And undoubtedly, the largest dampener on enthusiasm for disruptive social media models is the deep entrenchment of the incumbents. It is all well if you can convince your followers to pay you for your content, but what good is that if no one is willing to look beyond the broken status quo in the first place?
The status quo for user-generated digital content is not efficient. Nor is it the best or most sustainable way to encourage users to generate valuable content. It is out of step with our developing notions of data privacy and ownership. It is to the benefit of major online service providers, not the users nor creators themselves.
As these platform users become more conscious of where their data is going, for what purpose and at what cost, the case for content creation on blockchain as a logical alternative makes itself.
Soucre: https://www.toolbox.com/marketing/content-marketing/guest-article/blockchain-technology-is-the-solution-to-broken-digital-content-models/ Thanks to Jimmy Nguyen
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ZUG, Switzerland – February 10, 2021 –Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the release of the Bitcoin SV Node software v1.0.7 (Dynastic). Today’s release, which is now available for download from bitcoinsv.io, is the finalised version of January’s v1.0.7 public beta.
Headlining the Dynastic update to the Bitcoin SV Node software is substantially improved support for long chains of unconfirmed transactions, with the default limit for ancestor and child-pays-for-parent (CPFP) transactions extended from 25 to 1,000. As a result, enterprises using the Bitcoin SV blockchain to power applications and services will be able to accommodate far more expansive applications of on-chain scaling for linked transactions, including support for complex logic-based gaming applications like with BitBoss or high-volume nano-payment services with HandCash.
The Dynastic release also completes the process of replacing the legacy block assembler implemented in later versions of the Bitcoin Core software with a new journaling block assembler for the Bitcoin SV network. This major change has facilitated the support for long chains of unconfirmed transactions and introduced simplified transaction selection logic, including the removal of the ability to prioritise transactions based on the associated fee – a feature no longer necessary on the Bitcoin SV network, which scales unbounded to meet demand, ensuring safe-instant transactions at predictable low fees, at all times.
Full details on the release of the Bitcoin SV Node software v1.0.7 (Dynastic) can be found in the release notes available on bitcoinsv.io http://www.bitcoinsv.io/
Speaking on today’s release, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, commented:
‘The removal of the CPFP and ancestor limits from the Bitcoin SV network has been one of the most requested improvements we’ve received from businesses and end-users alike. With today’s release, that limit has been effectively removed – and will be removed entirely after sufficient public testing of the new 1,000 transaction limit. I look forward to seeing the next wave of innovation in this space enabled by today’s update, as enterprises develop new use cases for the only blockchain that can scale to meet their requirements.’
Also commenting, Jimmy Nguyen, Founding President of Bitcoin Association, said:
‘The full release of today’s Dynastic update to the Bitcoin SV Node software marks a major milestone for the growing ecosystem of businesses and enterprises that rely on the Bitcoin SV network. Last month’s beta release gave us an insight into the types of innovation which we can expect to see from companies as a result of these changes – including the emergence of entirely new use cases for the technology – setting in motion the makings of a strong 2021 for the world’s most powerful distributed data monetisation platform, Bitcoin SV.’
Source:https://bitcoinassociation.net/new-business-use-cases-emerge-with-dynastic-update-to-bitcoin-sv-node-software/
Headlining the Dynastic update to the Bitcoin SV Node software is substantially improved support for long chains of unconfirmed transactions, with the default limit for ancestor and child-pays-for-parent (CPFP) transactions extended from 25 to 1,000. As a result, enterprises using the Bitcoin SV blockchain to power applications and services will be able to accommodate far more expansive applications of on-chain scaling for linked transactions, including support for complex logic-based gaming applications like with BitBoss or high-volume nano-payment services with HandCash.
The Dynastic release also completes the process of replacing the legacy block assembler implemented in later versions of the Bitcoin Core software with a new journaling block assembler for the Bitcoin SV network. This major change has facilitated the support for long chains of unconfirmed transactions and introduced simplified transaction selection logic, including the removal of the ability to prioritise transactions based on the associated fee – a feature no longer necessary on the Bitcoin SV network, which scales unbounded to meet demand, ensuring safe-instant transactions at predictable low fees, at all times.
Full details on the release of the Bitcoin SV Node software v1.0.7 (Dynastic) can be found in the release notes available on bitcoinsv.io http://www.bitcoinsv.io/
Speaking on today’s release, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, commented:
‘The removal of the CPFP and ancestor limits from the Bitcoin SV network has been one of the most requested improvements we’ve received from businesses and end-users alike. With today’s release, that limit has been effectively removed – and will be removed entirely after sufficient public testing of the new 1,000 transaction limit. I look forward to seeing the next wave of innovation in this space enabled by today’s update, as enterprises develop new use cases for the only blockchain that can scale to meet their requirements.’
Also commenting, Jimmy Nguyen, Founding President of Bitcoin Association, said:
‘The full release of today’s Dynastic update to the Bitcoin SV Node software marks a major milestone for the growing ecosystem of businesses and enterprises that rely on the Bitcoin SV network. Last month’s beta release gave us an insight into the types of innovation which we can expect to see from companies as a result of these changes – including the emergence of entirely new use cases for the technology – setting in motion the makings of a strong 2021 for the world’s most powerful distributed data monetisation platform, Bitcoin SV.’
Source:https://bitcoinassociation.net/new-business-use-cases-emerge-with-dynastic-update-to-bitcoin-sv-node-software/
@Everyone i found this initiative worth knowing so I'll transfer the information here.
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Hearts BSV "Donate food to needy people on the street" Humanitarian activities February 2021-1 "Central Hospital of Covid-19"
I promote a humanitarian initiative that adds hope to the lives of those who need it most.
Sometimes I am impressed by the strong impact that a totally humble gesture can cause, such as donating food. As I spend more time doing this type of work, I realize the reality: What for some people may seem like something simple and everyday for others can end up being a great blessing.
Having the opportunity to visit the “Hospital Central De San Cristóbal”, which is the hospital that has the highest number of Covid 19 infected patients and that is close to its maximum capacity of infected patients, is at 90% of maximum capacity located on 4 floors of this hospital, it is not a secret that as there is an increase in patients in this hospital it causes the beds, oxygen and medicines to treat this disease to be exhausted, relatives must buy the medicines at about high costs of about $ 500 for 1 dose and 6 doses are needed as a treatment to help fight the virus, while the scarce medical staff tries to care for the largest number of patients infected by Covid while their salaries are equal to $ 2 a month, cross me With these people who day after day you fight for their relatives infected with this terrible pandemic or the medical personnel who work with love for their work, I sincerely tell you, I don't think it's a coincidence. Since the probability that we coincide, and that at the same time destiny allows me to help them satisfy a need, is practically nil.
COVID-19 rebound takes 90% of the capacity of the isolation area of the Central Hospital of San Cristóbal
I will confess something to you:
Do you want to know what it means to me to have the opportunity to donate food?
It is NOT about just helping, it is about leaving and transmitting and message. Make understand people understand through actions that all people are equal that we must help those who cannot feed themselves, that God did not bring them into the world to suffer; Being able to tell them believe me, keep the faith, I know that sooner or later they can get ahead.
Let us be light in the lives of those who need it most, come out to help, I assure you, with all my heart, you will not regret it.
I cannot say that I did not feel fear when I went to a hospital to donate food to medical personnel, patients and relatives who were at that time, if we feel fear, the risk of contagion from Covid 19 is very high and not only contagion from us As volunteers for this humanitarian activity, we put our family members at risk, but our love and vocation to help people who needed us changed our fears for hope.
It gives us pain and nostalgia to see how our health system is, it is very different from how it is seen in the news or newspapers, people do not have medicines, money to pay for X-rays, or buy oxygen for a bad administration of the health system by the national government, our relatives, friends or close people are suffering these consequences.
Being able to visit and contribute to this humanitarian activity makes me feel proud of myself, of managing to fill these people who suffer from a terrible disease with hope, making them feel that they are not alone and that every time we have the necessary resources we will be there donating food with lots of love and hope.
Thank you for your support, Remember, we came into the world to be light. Today, perhaps, the one who needs a simple portion of food is another. Tomorrow? without a doubt, it can be you.
Help us to continue carrying out humanitarian activities, to continue donating food to people who live on the streets, your donation is very important to us, we are counting on you.
Read more at https://powping.com/posts/f94f7278f185746e2afbd82d66ed1d6b3d7c4e31fe11db2987d64fd9ec4c6c94
Original post from: hermansanchez https://powping.com/posts/f94f7278f185746e2afbd82d66ed1d6b3d7c4e31fe11db2987d64fd9ec4c6c94
I promote a humanitarian initiative that adds hope to the lives of those who need it most.
Sometimes I am impressed by the strong impact that a totally humble gesture can cause, such as donating food. As I spend more time doing this type of work, I realize the reality: What for some people may seem like something simple and everyday for others can end up being a great blessing.
Having the opportunity to visit the “Hospital Central De San Cristóbal”, which is the hospital that has the highest number of Covid 19 infected patients and that is close to its maximum capacity of infected patients, is at 90% of maximum capacity located on 4 floors of this hospital, it is not a secret that as there is an increase in patients in this hospital it causes the beds, oxygen and medicines to treat this disease to be exhausted, relatives must buy the medicines at about high costs of about $ 500 for 1 dose and 6 doses are needed as a treatment to help fight the virus, while the scarce medical staff tries to care for the largest number of patients infected by Covid while their salaries are equal to $ 2 a month, cross me With these people who day after day you fight for their relatives infected with this terrible pandemic or the medical personnel who work with love for their work, I sincerely tell you, I don't think it's a coincidence. Since the probability that we coincide, and that at the same time destiny allows me to help them satisfy a need, is practically nil.
COVID-19 rebound takes 90% of the capacity of the isolation area of the Central Hospital of San Cristóbal
I will confess something to you:
Do you want to know what it means to me to have the opportunity to donate food?
It is NOT about just helping, it is about leaving and transmitting and message. Make understand people understand through actions that all people are equal that we must help those who cannot feed themselves, that God did not bring them into the world to suffer; Being able to tell them believe me, keep the faith, I know that sooner or later they can get ahead.
Let us be light in the lives of those who need it most, come out to help, I assure you, with all my heart, you will not regret it.
I cannot say that I did not feel fear when I went to a hospital to donate food to medical personnel, patients and relatives who were at that time, if we feel fear, the risk of contagion from Covid 19 is very high and not only contagion from us As volunteers for this humanitarian activity, we put our family members at risk, but our love and vocation to help people who needed us changed our fears for hope.
It gives us pain and nostalgia to see how our health system is, it is very different from how it is seen in the news or newspapers, people do not have medicines, money to pay for X-rays, or buy oxygen for a bad administration of the health system by the national government, our relatives, friends or close people are suffering these consequences.
Being able to visit and contribute to this humanitarian activity makes me feel proud of myself, of managing to fill these people who suffer from a terrible disease with hope, making them feel that they are not alone and that every time we have the necessary resources we will be there donating food with lots of love and hope.
Thank you for your support, Remember, we came into the world to be light. Today, perhaps, the one who needs a simple portion of food is another. Tomorrow? without a doubt, it can be you.
Help us to continue carrying out humanitarian activities, to continue donating food to people who live on the streets, your donation is very important to us, we are counting on you.
Read more at https://powping.com/posts/f94f7278f185746e2afbd82d66ed1d6b3d7c4e31fe11db2987d64fd9ec4c6c94
Original post from: hermansanchez https://powping.com/posts/f94f7278f185746e2afbd82d66ed1d6b3d7c4e31fe11db2987d64fd9ec4c6c94
Funny, writing to yourself are we?
At least the BTC trolls are ~
Hey Princess! Come to Twetch the Bitcoin SV social network maybe you can get paid for your stupidities
Hi my dear ancestors,
something global could happen very soon it will all depend on you.
Bitcoin is a dynamic force with a capacity far beyond what you can yet imagine ☞
Don't forget BSV is Bitcoin.
G42-Sol0818.்8-921|6818908732155
Time is running!
$romain, pastaga & new ppl.. Welcome to the BSV thread! But don't waste your time with BTC trolls, they are mor🤡ns. Apart from showing spamming, being childish, giving lame investment advice and being insulting they are completely useless. Some of them are the same person under different pseudonyms, this has already been noticed during the Id surveys. If necessary, there is a very useful option to hide them on bitcointalk, so you can save your time.
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The stats don’t lie: BSV will soon have the highest total Bitcoin transactions ever
Here’s a couple of charts that put Bitcoin‘s future into better perspective. The total number of transactions for Bitcoin SV (BSV) is now above 580 million—just shy of the ~614 million on the BTC network. There’s every chance BSV’s total will surpass BTC’s very soon, given BSV’s unbounded capacity for scaling, ever-cheaper transaction fees, and use-case scenarios still being discovered.
Source: Blockchair
That’s not just transactions per day, that’s transactions in the entire history of Bitcoin. These statistics put to rest so many years of pointless debate over whether Bitcoin could scale on-chain simply by making its transaction blocks larger, and making individual transactions cheaper.
The restoration of the original Bitcoin protocol at the start of 2020, with the launch of BSV’s “Genesis” software, saw a rapid rise in the number of transactions. Genesis removed all block size limits (leaving them to the discretion of processors) and set the protocol’s basic rules “in stone.” This also led to a plunge in transaction fees. These three factors saw several data-heavy projects grow over the course of that year, such as WeatherSV, Twetch, TDXP, and Preev. These applications produce thousands of micro- and nano-transactions every day; something that isn’t even possible on BTC with its 1-4MB blocks, 3-7 transactions maximum per second, and per-send fees that regularly top US$10.
Common rebuttals to BSV’s argument from people with a poor understanding of how blockchains are used include “these transactions are fake” and “it’s not people spending money.” Both these are provably false. There is no such thing as “fake transactions” on a blockchain—either they occur and are processed, or they’re not on the blockchain. All those transactions can be traced back to their users, all of whom are providing usable services and paying real money to run their operations. No one who makes these arguments can explain why WeatherSV recording data on the blockchain (thousands of times at a fraction of a cent each) is somehow less legitimate than one person paying $5 for a coffee.
On that note, let’s take a look at another blockchain aimed at large-scale data processing: Ethereum. Ethereum has been making even BTC look like a bargain since January 2021, and making its own value proposition look like a complete disaster:
the-stats-dont-lie-bsv-will-soon-have-the-highest-total-bitcoin-transactions-ever_section3
Source: Blockchair
If you look closely, you’ll see BSV is on this chart too—but its average fee barely even registers on the scale. Note also that high data volume users on the BSV network generally make deals with processing operations, meaning they pay only a fraction of a cent per transaction.
As more projects come online and BSV usage increases, these fees will actually go even lower—the opposite effect to that on BTC and ETH.
This week, someone posted this angry tweet when confronted with a US$646 “gas fee” to run a contract worth $1,684 on Ethereum. It’s profane, but the frustration is understandable.
Add to this Ethereum’s tendency to become bogged down with its own data volumes and protocol rules so shaky they couldn’t even set in a Jell-o mold, let alone stone. It’s little wonder more and more ETH developers have been approaching representatives from the BSV industry recently, enquiring about porting their projects.
Unbounded scaling and miniscule fees: it’s a no-brainer for any blockchain project looking for mass usage. Bitcoin was always built to be a large-scale data processing network; these functions existed in its protocol right from the start and were part of Satoshi Nakamoto‘s original vision. That’s why only Bitcoin BSV represents this vision… and is the only blockchain that actually works as promised.
Thanks to Jon Southurst, source: https://coingeek.com/the-stats-dont-lie-bsv-will-soon-have-the-highest-total-bitcoin-transactions-ever/
Here’s a couple of charts that put Bitcoin‘s future into better perspective. The total number of transactions for Bitcoin SV (BSV) is now above 580 million—just shy of the ~614 million on the BTC network. There’s every chance BSV’s total will surpass BTC’s very soon, given BSV’s unbounded capacity for scaling, ever-cheaper transaction fees, and use-case scenarios still being discovered.
Source: Blockchair
That’s not just transactions per day, that’s transactions in the entire history of Bitcoin. These statistics put to rest so many years of pointless debate over whether Bitcoin could scale on-chain simply by making its transaction blocks larger, and making individual transactions cheaper.
The restoration of the original Bitcoin protocol at the start of 2020, with the launch of BSV’s “Genesis” software, saw a rapid rise in the number of transactions. Genesis removed all block size limits (leaving them to the discretion of processors) and set the protocol’s basic rules “in stone.” This also led to a plunge in transaction fees. These three factors saw several data-heavy projects grow over the course of that year, such as WeatherSV, Twetch, TDXP, and Preev. These applications produce thousands of micro- and nano-transactions every day; something that isn’t even possible on BTC with its 1-4MB blocks, 3-7 transactions maximum per second, and per-send fees that regularly top US$10.
Common rebuttals to BSV’s argument from people with a poor understanding of how blockchains are used include “these transactions are fake” and “it’s not people spending money.” Both these are provably false. There is no such thing as “fake transactions” on a blockchain—either they occur and are processed, or they’re not on the blockchain. All those transactions can be traced back to their users, all of whom are providing usable services and paying real money to run their operations. No one who makes these arguments can explain why WeatherSV recording data on the blockchain (thousands of times at a fraction of a cent each) is somehow less legitimate than one person paying $5 for a coffee.
On that note, let’s take a look at another blockchain aimed at large-scale data processing: Ethereum. Ethereum has been making even BTC look like a bargain since January 2021, and making its own value proposition look like a complete disaster:
the-stats-dont-lie-bsv-will-soon-have-the-highest-total-bitcoin-transactions-ever_section3
Source: Blockchair
If you look closely, you’ll see BSV is on this chart too—but its average fee barely even registers on the scale. Note also that high data volume users on the BSV network generally make deals with processing operations, meaning they pay only a fraction of a cent per transaction.
As more projects come online and BSV usage increases, these fees will actually go even lower—the opposite effect to that on BTC and ETH.
This week, someone posted this angry tweet when confronted with a US$646 “gas fee” to run a contract worth $1,684 on Ethereum. It’s profane, but the frustration is understandable.
Quote
@PianoXr
Just another chap
$646 gas fee.
Oh just absolutely FUCK. OFF.
Who are you psychos that think #ETH is a good plan?
Seriously is this some kind of mass hysteria thing where everyone’s just buying into the madness because clever people talk it up?
When do we all take a sanity check on this?
https://twitter.com/PianoXr/status/1357877947416207361
Just another chap
$646 gas fee.
Oh just absolutely FUCK. OFF.
Who are you psychos that think #ETH is a good plan?
Seriously is this some kind of mass hysteria thing where everyone’s just buying into the madness because clever people talk it up?
When do we all take a sanity check on this?
https://twitter.com/PianoXr/status/1357877947416207361
Add to this Ethereum’s tendency to become bogged down with its own data volumes and protocol rules so shaky they couldn’t even set in a Jell-o mold, let alone stone. It’s little wonder more and more ETH developers have been approaching representatives from the BSV industry recently, enquiring about porting their projects.
Unbounded scaling and miniscule fees: it’s a no-brainer for any blockchain project looking for mass usage. Bitcoin was always built to be a large-scale data processing network; these functions existed in its protocol right from the start and were part of Satoshi Nakamoto‘s original vision. That’s why only Bitcoin BSV represents this vision… and is the only blockchain that actually works as promised.
Thanks to Jon Southurst, source: https://coingeek.com/the-stats-dont-lie-bsv-will-soon-have-the-highest-total-bitcoin-transactions-ever/
I'm glad to know that Craig Wright is fighting to get back what's his, look how beneficial this is as it brings the trolls heads out of their asses a little more often #craigissatoshi and this pisses you off deeply 🤣
Entire industry should be able to find out what Bitcoin really is. There is a definition and a compliant implementation - keepin out all the changers
Yet the whole industry is being duped by BTC instead of using the potential of Bitcoin (as BSV proposes) so everyone ends up in Hodl the BTC a technologically obsolete, hijacked crypto and no one notices this in investors like Tesla and others, that's where these investors are researching? Don't they realise that 99% of crypto's are dirty coinshit. This is clearly worrying!
With BTC nothing in the technology all in the Ponzi scheme. Tether prints, change USDT in the other currencies BTC/ETH/DOGE and the price still goes up artificially. When the bubble bursts the whole industry will be discredited and goodbye progress. One step forward and then four steps back.
Meanwhile, almost all the specialised media are lining up and creating a current that "the world" is blindly following. Investors and builders thus find themselves diluted. I have the feeling that what the BSV opportunity offers remains thus ignored because of crypto cartel wars and other crypto economic wars of interest. All this is to the detriment of understanding Bitcoin's true capacity, its scalability, buildability and direct utility.
16.4M transactions in a block! Bitcoin SV breaks another record
https://coingeek.com/16-4m-transactions-in-a-block-bitcoin-sv-breaks-another-record
https://coingeek.com/16-4m-transactions-in-a-block-bitcoin-sv-breaks-another-record
Hello dear operator! Where have you been? On a crusade to promot other projects?!?! If you're endorse BSV crest then please focus on BSV actions. Respectfully at all times.! look, I show you how to do a coherent layout, because "people don't click". They don't go to the information because the information has to come to them, so they have a quality reading. so readers have the choice to read or fly over, no need to click to land anywhere or to links sometimes badly routed by bastard trolls. Information security is thus permanent. do not forget the "quote" tags to evoke the author's quotation, as well as quoting the source of your ads. This is essential to track the origin of the information and thus rule out fakenews, Several relay supporters have adopted this format, it is practical and objective. Everyone is acting as a volunteer, I too, please know it. The objective is the transfer and presentation of information about Bitcoin Satoshi Vision and its direct and indirect ecosystem... Another suggestion is never to give financial advice under any circumstances result is expose you to penal sanctions, in addition it allows as not to impede the free will of each individual. Last important recommendation : don't get into the Trolls' game even if they insult you, ignore them... the moderators are there for that (well normally). If you are threatened, please refer to the competent services and informed the Bitcoin Association and nChain, you are not alone, it's the same for users, that's what the justice services are there for. Everything is written voluntarily in public since BSV is an honest channel addressed to honest users. It's up to you to shine again ✨
Place for information:
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16.4M transactions in a block! Bitcoin SV breaks another record
We like big blocks. Bitcoin’s transaction capacity just keep getting bigger, and this week’s record is 16,415,525 transactions in a single block—the highest number on any blockchain, ever. Bitcoin’s Scaling Test Network (STN) broke it with block #14287 on February 3rd, 2021, which also happened to be almost 3.15 GB in size.
The block also “earned” its miner 32.38 BSV in fees. Although it happened on the test network (meaning those aren’t bitcoins that can actually be used as money) it’s an indication of how much a transaction processor could earn by confirming blocks that size on a regular basis.
🤯World Record 16.4 Million transaction block on Bitcoin SV STN! 💥💥💥 pic.twitter.com/VlnOoNHMAs
— SV_Chaining (@SaturnJS) February 3, 2021
https://twitter.com/SaturnJS/status/1356912365229473794
Just a year ago, a 1GB block on a previous incarnation of the STN was headline news. That block contained 5,449,866 transactions. All this demonstrates the BSV blockchain is getting ready for big data, enterprise-tier applications. These applications would operate on a global scale and could include financial applications, IoT data, government and property records, exchanges, health data, contracts, and a wide range of tokenized “assets” representing anything from loyalty points to other currencies.
Bear in mind, this is all utilizing the existing Bitcoin protocol, Bitcoin SV Node. Within a few years developers at nChain are looking to launch “[ur=https://coingeek.com/bitcoin-server-network-or-teranode-to-handle-enterprise-level-applications/l]Teranode[/url]“, an even higher capacity protocol aimed at enterprise, which will someday subsume SV Node’s operations (while maintaining Bitcoin’s original “set in stone” rules and economic incentives).
No blockchain can hope to gain widespread adoption and usage without this kind of capacity. And it needs to happen on-chain, or there’s no point having a blockchain at all. That’s why the original Bitcoin, as BSV, focuses on on-chain speed and capacity to build a more useful (and secure) global network. Whatever the Internet can do now, BSV aims to do on its blockchain—in a way that isn’t as broken and insecure as today’s Internet is.
Putting things into perspective
Although 16,415,525 transactions in a single block is a record for now, the STN homepage says: “It is not too difficult to produce a single block with a large number of transactions, it is much more difficult to sustain this rate over a period of time.” Just last week, the STN for a short period reached over 9,000 transactions per second, which was also a large jump.
Bitcoin’s Scaling Test Network has similar technical capabilities to the BSV mainnet, so processing transactions at that kind of volume is technically possible thanks to improvements in the software. However there are other issues to consider before unleashing this sort of power on the mainnet.
These include the [urlhttps://bitcoinscaling.io/transactions-per-second]size and makeup of the mainnet[/url]. It’s much larger than the STN for starters in terms of numbers of nodes, and also in its variety of physical locations, systems, and independent operators. The STN, which is the fourth incarnation of the BSV testnet, is designed to model the “real world” mainnet, in order to see what’s possible under ideal conditions.
The STN developers also note that Bitcoin, like the real-world economy, should expect to have “peak” and “regular” intervals of activity on a daily basis. Its goal is to show what can be achieved and sustained for longer periods of time, rather than break records with single blocks. A block with far fewer transactions could also be larger in (data) size too.
Even so, 16.4 million transactions in a block is a huge amount. It’s beyond the capabilities of other blockchain networks, whether they’re data processing-oriented or single purpose. It’s yet another demonstration of what Bitcoin really is, what it aims to do, and what it hopes to be used for in the future.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.
Source: https://coingeek.com/16-4m-transactions-in-a-block-bitcoin-sv-breaks-another-record/ Thanks to Jon Southurst
We like big blocks. Bitcoin’s transaction capacity just keep getting bigger, and this week’s record is 16,415,525 transactions in a single block—the highest number on any blockchain, ever. Bitcoin’s Scaling Test Network (STN) broke it with block #14287 on February 3rd, 2021, which also happened to be almost 3.15 GB in size.
The block also “earned” its miner 32.38 BSV in fees. Although it happened on the test network (meaning those aren’t bitcoins that can actually be used as money) it’s an indication of how much a transaction processor could earn by confirming blocks that size on a regular basis.
🤯World Record 16.4 Million transaction block on Bitcoin SV STN! 💥💥💥 pic.twitter.com/VlnOoNHMAs
— SV_Chaining (@SaturnJS) February 3, 2021
https://twitter.com/SaturnJS/status/1356912365229473794
Just a year ago, a 1GB block on a previous incarnation of the STN was headline news. That block contained 5,449,866 transactions. All this demonstrates the BSV blockchain is getting ready for big data, enterprise-tier applications. These applications would operate on a global scale and could include financial applications, IoT data, government and property records, exchanges, health data, contracts, and a wide range of tokenized “assets” representing anything from loyalty points to other currencies.
Bear in mind, this is all utilizing the existing Bitcoin protocol, Bitcoin SV Node. Within a few years developers at nChain are looking to launch “[ur=https://coingeek.com/bitcoin-server-network-or-teranode-to-handle-enterprise-level-applications/l]Teranode[/url]“, an even higher capacity protocol aimed at enterprise, which will someday subsume SV Node’s operations (while maintaining Bitcoin’s original “set in stone” rules and economic incentives).
No blockchain can hope to gain widespread adoption and usage without this kind of capacity. And it needs to happen on-chain, or there’s no point having a blockchain at all. That’s why the original Bitcoin, as BSV, focuses on on-chain speed and capacity to build a more useful (and secure) global network. Whatever the Internet can do now, BSV aims to do on its blockchain—in a way that isn’t as broken and insecure as today’s Internet is.
Putting things into perspective
Although 16,415,525 transactions in a single block is a record for now, the STN homepage says: “It is not too difficult to produce a single block with a large number of transactions, it is much more difficult to sustain this rate over a period of time.” Just last week, the STN for a short period reached over 9,000 transactions per second, which was also a large jump.
Bitcoin’s Scaling Test Network has similar technical capabilities to the BSV mainnet, so processing transactions at that kind of volume is technically possible thanks to improvements in the software. However there are other issues to consider before unleashing this sort of power on the mainnet.
These include the [urlhttps://bitcoinscaling.io/transactions-per-second]size and makeup of the mainnet[/url]. It’s much larger than the STN for starters in terms of numbers of nodes, and also in its variety of physical locations, systems, and independent operators. The STN, which is the fourth incarnation of the BSV testnet, is designed to model the “real world” mainnet, in order to see what’s possible under ideal conditions.
The STN developers also note that Bitcoin, like the real-world economy, should expect to have “peak” and “regular” intervals of activity on a daily basis. Its goal is to show what can be achieved and sustained for longer periods of time, rather than break records with single blocks. A block with far fewer transactions could also be larger in (data) size too.
Even so, 16.4 million transactions in a block is a huge amount. It’s beyond the capabilities of other blockchain networks, whether they’re data processing-oriented or single purpose. It’s yet another demonstration of what Bitcoin really is, what it aims to do, and what it hopes to be used for in the future.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.
Source: https://coingeek.com/16-4m-transactions-in-a-block-bitcoin-sv-breaks-another-record/ Thanks to Jon Southurst
Quote
Bitcoin Association grows global team with new strategic hires to improve enterprise awareness and adoption of Bitcoin SV
ZUG, Switzerland – February 4, 2021 – Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has made a pair of strategic additions to its global team, as it works to improve enterprise awareness and adoption of Bitcoin SV.
Bitcoin Association has hired Lizette Louw as a content marketing specialist and Connor Murray has joined the Bitcoin SV Academy team as a content creator. The announcement concludes a busy week for Bitcoin Association, which on Monday appointed Aaron Zhou as its first China-based technical outreach specialist.
Lizette Louw will be a familiar face for many in the Bitcoin SV ecosystem, having spent the past three years working as a digital marketing and content strategist at Bitstocks, which operates the BSV-based Gravity banking ecosystem app. An experienced content professional, Louw has amassed an extensive portfolio of published work, spanning business, finance and technology publications. Based in Johannesburg, South Africa, in her new role with Bitcoin Association, Louw will develop and implement a range of new inbound marketing initiatives, focused on informing enterprises and mainstream audiences about the benefits of building with the Bitcoin SV blockchain.
Connor Murray joins Bitcoin Association as part of the team working on Bitcoin SV Academy – the [ur=https://www.prnewswire.co.uk/news-releases/bitcoin-association-launches-online-education-platform-bitcoin-sv-academy-827067877.htmll]recently launched[/url], dedicated online education platform for Bitcoin SV. Murray will work as a content creator, sharing his expertise developing applications for and building businesses with Bitcoin SV. In addition to his contributor role with Bitcoin SV Academy, Murray is the co-founder and CEO of britevue – a Bitcoin SV-based online consumer reviews platform, which he will continue to lead. Last year, Murray’s company received venture funding from noted technology entrepreneur and leading Bitcoin SV supporter, Calvin Ayre.
Bitcoin Association supports Bitcoin SV as the only blockchain protocol which adheres to creator Satoshi Nakamoto’s original design and vision for Bitcoin. With the ability to scale unbounded and support huge volumes of transactions, in addition to its micropayment, smart contract, tokenization and data functionalities, Bitcoin SV is quickly becoming the enterprise network of choice for both businesses and developers.
Speaking on today’s appointments, Bitcoin Association Founding President Jimmy Nguyen, said:
‘As the Bitcoin SV ecosystem continues to grow, so too does the need to bring more experienced professionals into our Association who can help us teach the world that Bitcoin is meant to be a widely used electronic cash system and data network, not a “digital gold” reserve asset. We’re delighted to welcome Lizette, Connor and Aaron to our team – each of whom, in addition to their specialist professional skillset, brings with them specific experience working with Bitcoin SV – an invaluable combination as we work to educate enterprises about the world’s most powerful distributed data ledger for enterprise and online payments system, Bitcoin SV.’
Commenting on her appointment, Lizette Louw, said:
‘Working in the blockchain and digital asset space for a number of years now, I’ve found myself increasingly drawn to the potential evident with Bitcoin SV to have a positive impact on both business and individuals. Bitcoin SV offers enterprises a data infrastructure that is far superior to incumbent systems – a true value-add, rather than just an expense. I’m excited to work with Bitcoin Association in my new role to help bridge the gap between business and Bitcoin SV technology.’
Also commenting, Connor Murray, said:
‘Bitcoin is a complex system spanning several different disciplines, that is capable of so much more than most people understand. That’s what makes Bitcoin SV Academy such an important initiative, as it helps to introduce new developers, entrepreneurs and investors to the true power of Bitcoin. I’ve still got a lot to learn myself, but hope to get a little bit closer to mastering Bitcoin each day by sharing my experience and teaching others.’
Source https://bitcoinassociation.net/bitcoin-association-grows-global-team-with-new-strategic-hires-to-improve-enterprise-awareness-and-adoption-of-bitcoin-sv/
ZUG, Switzerland – February 4, 2021 – Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has made a pair of strategic additions to its global team, as it works to improve enterprise awareness and adoption of Bitcoin SV.
Bitcoin Association has hired Lizette Louw as a content marketing specialist and Connor Murray has joined the Bitcoin SV Academy team as a content creator. The announcement concludes a busy week for Bitcoin Association, which on Monday appointed Aaron Zhou as its first China-based technical outreach specialist.
Lizette Louw will be a familiar face for many in the Bitcoin SV ecosystem, having spent the past three years working as a digital marketing and content strategist at Bitstocks, which operates the BSV-based Gravity banking ecosystem app. An experienced content professional, Louw has amassed an extensive portfolio of published work, spanning business, finance and technology publications. Based in Johannesburg, South Africa, in her new role with Bitcoin Association, Louw will develop and implement a range of new inbound marketing initiatives, focused on informing enterprises and mainstream audiences about the benefits of building with the Bitcoin SV blockchain.
Connor Murray joins Bitcoin Association as part of the team working on Bitcoin SV Academy – the [ur=https://www.prnewswire.co.uk/news-releases/bitcoin-association-launches-online-education-platform-bitcoin-sv-academy-827067877.htmll]recently launched[/url], dedicated online education platform for Bitcoin SV. Murray will work as a content creator, sharing his expertise developing applications for and building businesses with Bitcoin SV. In addition to his contributor role with Bitcoin SV Academy, Murray is the co-founder and CEO of britevue – a Bitcoin SV-based online consumer reviews platform, which he will continue to lead. Last year, Murray’s company received venture funding from noted technology entrepreneur and leading Bitcoin SV supporter, Calvin Ayre.
Bitcoin Association supports Bitcoin SV as the only blockchain protocol which adheres to creator Satoshi Nakamoto’s original design and vision for Bitcoin. With the ability to scale unbounded and support huge volumes of transactions, in addition to its micropayment, smart contract, tokenization and data functionalities, Bitcoin SV is quickly becoming the enterprise network of choice for both businesses and developers.
Speaking on today’s appointments, Bitcoin Association Founding President Jimmy Nguyen, said:
‘As the Bitcoin SV ecosystem continues to grow, so too does the need to bring more experienced professionals into our Association who can help us teach the world that Bitcoin is meant to be a widely used electronic cash system and data network, not a “digital gold” reserve asset. We’re delighted to welcome Lizette, Connor and Aaron to our team – each of whom, in addition to their specialist professional skillset, brings with them specific experience working with Bitcoin SV – an invaluable combination as we work to educate enterprises about the world’s most powerful distributed data ledger for enterprise and online payments system, Bitcoin SV.’
Commenting on her appointment, Lizette Louw, said:
‘Working in the blockchain and digital asset space for a number of years now, I’ve found myself increasingly drawn to the potential evident with Bitcoin SV to have a positive impact on both business and individuals. Bitcoin SV offers enterprises a data infrastructure that is far superior to incumbent systems – a true value-add, rather than just an expense. I’m excited to work with Bitcoin Association in my new role to help bridge the gap between business and Bitcoin SV technology.’
Also commenting, Connor Murray, said:
‘Bitcoin is a complex system spanning several different disciplines, that is capable of so much more than most people understand. That’s what makes Bitcoin SV Academy such an important initiative, as it helps to introduce new developers, entrepreneurs and investors to the true power of Bitcoin. I’ve still got a lot to learn myself, but hope to get a little bit closer to mastering Bitcoin each day by sharing my experience and teaching others.’
Source https://bitcoinassociation.net/bitcoin-association-grows-global-team-with-new-strategic-hires-to-improve-enterprise-awareness-and-adoption-of-bitcoin-sv/
Quote
BitBoss announces integration with DotWallet to offer native iGaming experience using Bitcoin SV blockchain
DENVER – February 5, 2020 – BitBoss, the Denver-based iGaming technology developer, today announces that it has completed an integration for its market-leading blockchain-based casino application with DotWallet, the popular China-based Bitcoin SV-powered digital currency wallet and application ecosystem. As a result of the integration, the more than 1 million-strong userbase of DotWallet will gain native access to the BitBoss iGaming platform, which is now available for download from the DotWallet App Centre.
BitBoss have established themselves as a market-leading developer in the iGaming space, leveraging blockchain technology to bring innovative new products to market that facilitate provably fair gaming, coupled with the ease and transparency of a public digital ledger. The gaming technology company has created the first provably fair Bitcoin SV-based iGaming platform, which includes slot machines, poker, blackjack, roulette and baccarat.
All games offered by BitBoss are powered by Bitcoin SV, with every bet, decision and result – including all associated payments – intertwined and recorded as a series of transactions on its blockchain. All game data is uploaded in real-time to blockchain tracking service whatsonchain.com, enabling players at any time to verify on the public Bitcoin SV blockchain that the game was conducted fairly and under the agreed terms – establishing trust between player and operator.
The iGaming experience for DotWallet users on the BitBoss platform is completely integrated, with players wagering funds and receiving pay-outs directly to-and-from their DotWallet, embedding an additional layer of trust by eliminating the need to deposit funds onto a third-party platform. Winnings are distributed immediately after each game, a unique feature enabled by the speed and efficiency of Bitcoin SV.
DotWallet users can log in to the BitBoss game platform automatically – without the need to register – and are able to start playing after activating automatic payments. Transaction flows and order details, as well as features such as automatic payment limits, are all provided natively within DotWallet, which, together with the security technology integrated with the BitBoss platform, ensures a secure and transparent experience for players at all times.
The BitBoss platform is powered by Bitcoin SV, the only blockchain with the scaling capacity, data functionalities and low transaction costs (sending a payment transaction on the Bitcoin SV network generally costs less than 1/100 of a U.S. cent) required to support a sophisticated iGaming infrastructure. Only the Bitcoin SV network can provide the unbounded scaling necessary to enable the massive amounts of concurrent transactions required to offer a real-time iGaming experience and underpin the suite of games offered by BitBoss – which includes simple single-turn casino games right through to more complex, multi-turn and logic-based games.
Speaking on today’s announcement, BitBoss CEO Matthew Dickson commented:
‘Today’s news marks the culmination of a months-long process between the BitBoss and DotWallet teams to integrate our leading iGaming technology with their successful digital currency platform. We are excited to be able to offer DotWallet’s substantial userbase an iGaming experience which puts fairness first and look forward to working with their team further as we continue to innovate with BitBoss.’
Also commenting, DotWallet CEO Lin Zheming said:
‘At DotWallet, we believe that there is a bright future for Bitcoin SV-based iGaming applications such as BitBoss, that ensure fairness and honesty for all players. We are delighted to see the combined efforts of our two teams go live today and demonstrate the benefits of a more efficient and transparent digital ledger with Bitcoin SV.’
About BitBoss
Headquartered in Denver, Colorado, BitBoss is an international team of gaming experts, blockchain innovators and technologists building technology to power the future of gaming and the new internet. They offer a suite of gaming products that leverage the unique qualities of the Bitcoin SV blockchain, combining innovative software and hardware solutions for both land-based and online gaming operators.
About DotWallet
DotWallet is a lightweight non-custodial wallet built on the Bitcoin SV protocol. It provides quick registration and login using mobile phone numbers, email, and third-party providers like Google, Facebook and WeChat. It supports the sending, receiving, and storage of multiple digital currencies. Powered by Bitcoin SV’s tokenization technology, users can send and receive transactions across several digital currencies instantly using 0 confirmation transactions.
Source: https://bitcoinassociation.net/bitboss-announces-integration-with-dotwallet-to-offer-native-igaming-experience-using-bitcoin-sv-blockchain/
DENVER – February 5, 2020 – BitBoss, the Denver-based iGaming technology developer, today announces that it has completed an integration for its market-leading blockchain-based casino application with DotWallet, the popular China-based Bitcoin SV-powered digital currency wallet and application ecosystem. As a result of the integration, the more than 1 million-strong userbase of DotWallet will gain native access to the BitBoss iGaming platform, which is now available for download from the DotWallet App Centre.
BitBoss have established themselves as a market-leading developer in the iGaming space, leveraging blockchain technology to bring innovative new products to market that facilitate provably fair gaming, coupled with the ease and transparency of a public digital ledger. The gaming technology company has created the first provably fair Bitcoin SV-based iGaming platform, which includes slot machines, poker, blackjack, roulette and baccarat.
All games offered by BitBoss are powered by Bitcoin SV, with every bet, decision and result – including all associated payments – intertwined and recorded as a series of transactions on its blockchain. All game data is uploaded in real-time to blockchain tracking service whatsonchain.com, enabling players at any time to verify on the public Bitcoin SV blockchain that the game was conducted fairly and under the agreed terms – establishing trust between player and operator.
The iGaming experience for DotWallet users on the BitBoss platform is completely integrated, with players wagering funds and receiving pay-outs directly to-and-from their DotWallet, embedding an additional layer of trust by eliminating the need to deposit funds onto a third-party platform. Winnings are distributed immediately after each game, a unique feature enabled by the speed and efficiency of Bitcoin SV.
DotWallet users can log in to the BitBoss game platform automatically – without the need to register – and are able to start playing after activating automatic payments. Transaction flows and order details, as well as features such as automatic payment limits, are all provided natively within DotWallet, which, together with the security technology integrated with the BitBoss platform, ensures a secure and transparent experience for players at all times.
The BitBoss platform is powered by Bitcoin SV, the only blockchain with the scaling capacity, data functionalities and low transaction costs (sending a payment transaction on the Bitcoin SV network generally costs less than 1/100 of a U.S. cent) required to support a sophisticated iGaming infrastructure. Only the Bitcoin SV network can provide the unbounded scaling necessary to enable the massive amounts of concurrent transactions required to offer a real-time iGaming experience and underpin the suite of games offered by BitBoss – which includes simple single-turn casino games right through to more complex, multi-turn and logic-based games.
Speaking on today’s announcement, BitBoss CEO Matthew Dickson commented:
‘Today’s news marks the culmination of a months-long process between the BitBoss and DotWallet teams to integrate our leading iGaming technology with their successful digital currency platform. We are excited to be able to offer DotWallet’s substantial userbase an iGaming experience which puts fairness first and look forward to working with their team further as we continue to innovate with BitBoss.’
Also commenting, DotWallet CEO Lin Zheming said:
‘At DotWallet, we believe that there is a bright future for Bitcoin SV-based iGaming applications such as BitBoss, that ensure fairness and honesty for all players. We are delighted to see the combined efforts of our two teams go live today and demonstrate the benefits of a more efficient and transparent digital ledger with Bitcoin SV.’
About BitBoss
Headquartered in Denver, Colorado, BitBoss is an international team of gaming experts, blockchain innovators and technologists building technology to power the future of gaming and the new internet. They offer a suite of gaming products that leverage the unique qualities of the Bitcoin SV blockchain, combining innovative software and hardware solutions for both land-based and online gaming operators.
About DotWallet
DotWallet is a lightweight non-custodial wallet built on the Bitcoin SV protocol. It provides quick registration and login using mobile phone numbers, email, and third-party providers like Google, Facebook and WeChat. It supports the sending, receiving, and storage of multiple digital currencies. Powered by Bitcoin SV’s tokenization technology, users can send and receive transactions across several digital currencies instantly using 0 confirmation transactions.
Source: https://bitcoinassociation.net/bitboss-announces-integration-with-dotwallet-to-offer-native-igaming-experience-using-bitcoin-sv-blockchain/
I'm glad to know that Craig Wright is fighting to get back what's his, look how beneficial this is as it brings the trolls heads out of their asses a little more often #craigissatoshi and this pisses you off deeply 🤣
boooohoooo ... booohooo ...
Mr. C.S.Wanker
Luckily the highlighting technique is used here which brings an extra quality to the sorting process. boooohoooo ... booohooo ...
Easy! When we see how you Internet trolls behave like a bunch of piranhas thinking they are all hidden behind your screens... Untouchable or doing harm has become part of your morals. It is not surprising that this guy had a moment of doubt in front of the animosity of the networks and in front of the unlimited stupidity of the humans. Even if what doesn't kill makes every constructive thing stronger, every constructive thing will happen at the agreed time. Now, as he has already explained several times, since he proved it in private, there is nothing to stop Craig from proving it in court when that moment is required by order if that is what it takes. In the meantime I suggest that you could step back, DYOR understand and check for yourself instead of being turned around by the cartel of Princess Gang in musty hats and their insipid friends or just be respectful to a guy and others that you have never seen and will most likely never see. I support him, you don't like it, well I don't care. His creation allows you to explore possibilities that were impossible until now. It is regrettable to note that Bitcoin BTC is currently being plundered by individuals with very concrete financial interests. See how the hodl game is perverting you, Bitcoin was designed to be used. But now that the stable corners are legion and it can generate crypto backed on wind and toilet paper. What's it for? To reinject these stable coins directly into BTC and other shitocrypto shitcoins completely useless, technologically mediocre. So the crypto bubble gets bigger. ... if it continues at this rate USDT and BUSD will print more than the US debt in the next 3 years. Unless the justice system does it and guess what it does. Here on BSV no fuss no mytho blabla we are here to build a better world technologically useful. Thank you 🙏 CSW Satoshi Nakamoto 🙏
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