[ANN] [BSV] [Bitcoin SV] Original Satoshi Vision - page 27.

kna

newbie

Activity: 13

Merit: 32

Quote from: BSVfan on January 25, 2021, 08:07:33 PM

Open your Mind: Here is a parable written by a brilliant man about how some things are, which I strongly suggest you explore.

Quote

🟢A bifurcation of rules creates a diverging game protocol. North America play 'Football", created in 1869 as a game with an egg shaped ball, passed forward by throwing with hands. The original protocol for football was documented in 206BC in China under the Han Dynasty.

A new set of rules was created for competition football, in Greece in 228 which involved hands and violence. Association football, known as "Football" in the UK but "Soccer" in North America (to avoid confusion with their football protocol) was recorded in 1842, using feet only.

Soccer is played with a round ball and only the goalkeeper can use their hands inside their own box. Rugby began at my former school of Rugby, Warwickshire, UK, in 1823 by William Web Ellis, during a game of football where he picked up the ball and ran with it.

This is an egg shaped ball that can only be thrown backwards. North America adopted these rules of Rugby, adding protective helmets and body armour which are not allowed in Rugby. Australia did the something similar. In the UK, we call North American football "American Football".

We call Australian football "Aussie Rules Fooball" and both America, Canada and Australia call British Footbal "Soccer". UK plays both Football (Soccer) and Rugby, as do New Zealand, South Africa, New Zealand, Republic of Ireland and Oceana.

These sports are mutually exclusive and they have their own set protocols. They are not played in the same countries, in the same stadiums with the same fanbase. It's the same with BTC, BCH & BSV. All 3 have history going back to the Genesis block in January 2009.

BTC created a new game and new protocol in 2017 by adding changes to the protocol, thus changing the game. BCH changed the protocol too in 2018 creating a new protocol and non compatible ruleset. Cross chain Bitcoin transactions remain shared & mutually supported up until a fork.

Exchanges are like supporters. They call the sport they like playing the name of the team they support. These teams are reference node implementations chosen by the ticker (team) that was playing before. Bitcoin Core changed the Bitcoin protocol but retained the trading ticker.

Supporters of the original Bitcoin protocol have been reassigned tickers but have been reassigned names by exchanges to differentiate the naming convention of their hosting teams game. BSV is Bitcoin with the original progeny. It's Bitcoin in every sense of the founding protocol.

Now imagine the uproar if I went to America, bought out all of the football stadiums and told all of the players they can only play soccer rules, only with feet, only with a round ball. The fans turn up expecting touchdowns but they get headers, volleys, chips and hooks instead.

BSVers don't care about the ticker. The original Bitcoin ticker was XBT anyway. What we care about is our original game's protocol retaining its progeny and not having people who "ran with the ball' changing the rules of the game after they thought Satoshi had left.

Satoshi didn't leave. He focussed on creating a Football Association and international teams of players for a World Cup Competition, where everyone can compete. A global, international sport.

Core stole Satoshi's ball.
Craig Wright wants his ball back!

May the best team win.

Source https://twitter.com/murphsicles/status/1353721938594713601 Roy Murphy @murphsicles

Now you understand why original protocol have bifurcated (Forked) to XBT > BTC > BCH > BSV. And why now BitcoinSV is only the real Bitcoin compliant with Satoshi Nakamoto (aka authentic CSW) work 👆

Do_zzze

newbie

Activity: 7

Merit: 39

Quote

Craig Wright comments on social media, software developers and Silicon Valley players

Dr. Craig S. Wright’s latest blog post addresses some of the events that we have seen unfold in the blockchain and digital currency space over the past few days.

In, “A Comment on Social Media, Software Developers, and Silicon Valley Corporations,” Dr. Wright takes a look at the digital currency ecosystem, its participants, and how they have played a part in the progression and alteration of the blockchain and digital currency industry over the years as well as what their involvement insinuates.

Dr. Wright begins by acknowledging that the overarching goals of the blockchain and digital currency space deserve recognition and praise.

“The sentiment expressed by the many in the blockchain space, to change the world and make a system that is open to everyone and to promote financial freedom, is laudable,” says Dr. Wright. He goes on to explain how the digital currency space has taken a turn over the years. From alterations being made to Bitcoin that were not in its blueprint, to corporations and enterprising getting involved and attaching their names to a space that was originally without corporate influence.

Dr. Wright writes, “When I started Bitcoin, no individual taking part in the project at the time maintained any liability for the software, as none of them had any influence on the decisions to implement code changes, which is different to how the project works now. Developers are now acting together for their own benefit, and thus must realise that they are subject to the risks and consequences associated with established legal systems.”

The above statement might also be alluding to the copyright and intellectual property claims that Dr. Wright has on the Bitcoin whitepaper. The whitepaper is officially hosted on Dr. Wright’s website and on BitcoinSV.com, but anyone can use the document anywhere they want as long as they are not using it to illegally pass off technology that does not follow the white paper as Bitcoin.

When using, or rather, misusing, something that you do not have ownership of, you cannot be surprised when legal action is taken against you—something we have seen take place over the last few days. This legal action will likely benefit the broader blockchain and digital currency ecosystem; Dr. Wright even says that he lit this fire in the industry because he:

…needed to get people to start to respond and to question the status quo. To do so, I needed to shake them out of their malaise. I needed them to start reacting.

When news began circulating regarding Bitcoin whitepaper copyright and intellectual property infringement—it forced people to actually read the Bitcoin whitepaper. At that point, many people realized that something they have been calling “digital gold” is actually called, and supposed to be, “peer-to-peer electronic cash.” That being said, what Bitcoin began as is much different than what BTC and BCH turned it into.

Lastly, Dr. Wright touches on the corporations that entered, and somehow, began to spearhead development on the BTC blockchain.

Companies such as Square fund developers as they undertake such projects, increasing the rewards for the developers that own and control the projects. In turn, such Silicon Valley players gain access to the benefits of the projects without assuming the risks of controlling and owning the projects. It is my view that when such projects suffer negative legal judgments, the Silicon Valley companies will have to take up the job of controlling and owning the projects, exposing themselves to the same sort of liability that they have been content to leave with the developers.

Although I found this passage a bit cryptic, we may have clarity on this in the future; Dr. Wright’s legal team has sent Square a notice of copyright enforcement action.

“Certain corporations take advantage of the passion and integrity offered to them through developers who want to do something significant to change the world. They twist it to promote their ends, and minimise the amount of risk that they would face,” says Dr. Wright.

To find out what Dr. Craig S. Wright thinks of the events that have unfolded over the last few days regarding the Bitcoin whitepaper, the corporations and bands of individuals that have high jacked the Bitcoin protocol, as well as why he “kicked the hornet’s nest” in regard to the Bitcoin whitepaper and social media’s reaction, you can learn more in Dr. Craig S. Wright’s latest blog post, “ A Comment on Social Media, Software Developers, and Silicon Valley Corporations.”

Source: https://coingeek.com/craig-wright-comments-on-social-media-software-developers-and-silicon-valley-players/ Thanks to Patrick Thompson

BSVfan

newbie

Activity: 2

Merit: 33

kna

newbie

Activity: 13

Merit: 32

Quote from: ?? on ??

..... Blablabla

And you still have no idea why people here call you Princess ... maybe it's time you changed your strategy competition for consideration ... Make your own analysis feedback get the facts your action = completely useless daily posts in Bitcointalk that exude hatred, insults, defamation, frustration and obvious psychological problems. Reading your writings, I sometimes have the impression that your whole life is hanging by a thread, that of your Internet connection. Think what you want, do what you do, keep your head in your ass to continue to suck your droppings there, you've been doing so well for years, you're not evolving anymore, just look at the history of one of your many pseudonyms. Okay 💩 is your action choice. You are the one who continues to lose your hair by acting like this.

People who are looking for relevant and verified information also have the right to find. if posts focused on BSV and among others from Coingeek, YahooFinance, Bitcoin Association, nChain and the Internet global network in general... Are here for several reasons including that of informing, to centralize information on the theme of Bitcoin and this has already been explained to you https://bitcointalksearch.org/topic/m.56169184 as usual according to your own admission you do not read, so no wonder you remain bitter. without knowledge or effort don't be surprised to remain in your hollow, insipid and socially off-centre world.

But don't go away we like to laugh with you, CuckHodl Princess Gang. Every time you answer coments it brings us back to the top news. Finally, in addition to making people laugh your antics can have another not insignificant impact 🤡 ...

kna

newbie

Activity: 13

Merit: 32

It's up to you to understand what you want to understand

FrankenCore lied to you by selling you BTC as the original Bitcoin, (as if you finally think you're buying a Maserati ordered on the Internet, it is delivered to you and then you open the bonnet of the car and see that the engine is a Renault engine Shocked

) same effect with BTC sold to you as BTC "Bitcoin". You get fooled by doing Hodl.

https://coingeek.com/?s=crypto+cartel+ warns you.

Numerous accomplices everywhere in the global crypto wheel of plenty, numerous media controls, armies of planetary broadcasters, automated virtual bots, meticulously orchestrated FUDs, total manipulations, stable corners leaning on the $ fiat, gold, virtual monkeys (¿¡without audits!?) printed with tokens with which accomplices who operate as levers buy BTCs in large numbers the price goes up. ETH and its 8000 crypto clones at the lowest.... counted at 1 sat (not below) by shitcoin, even no sales volume but still counted by CoinMarketCap (Binance..) has the effect of participating in the artificial inflation of the global Coin Market Capitalisation and presents you with 900 billion in rigged assets. Other stables in Asia, America and elsewhere do worse! Anonymous cryptoes that act as a smokescreen while stable wedges and other mouldy BNBs burn, futures contracts and other variations of neural sodomy sneak out your savings. This is the bitter conclusion of crypto in 2021.

If nothing shocks you then go back to sleep to dream that Tesla doesn't even sell 100,000 units a year but is capitalized at $773.53 billion nothing special eh?! good night... If all of this is of interest to you or If you are challenged by this, then it is high time to wake up and start thinking because the world is yours!

With BSV we preserve ourselves from all this crap, the vision of an evolved, useful world, not artificial neither in the technological development nor in the facts. No Hodl here. We create, we use technology, we develop it and we deploy it in the service of individuals, micro states, local authorities and companies. The technological breakthrough is total, but nobody sees it because it is drowned in your twitter and other brainwashing devoted to the cult of your idiocracy juice. No lies with Bitcoin SV, here we build for us, for you, for your future and for your children and their children. It's up to you to understand what you want to understand.

BSVfan

newbie

Activity: 2

Merit: 33

Quote from: ?? on ??

🟢 ⇩ Read this:

Quote from: ?? on ??

~ .: BTC is not BSV. BSV is BitCoin

Compare the source code BTC https://github.com/bitcoin Look at all that CORE equips to implement and everything that happens then BTC is clearly not what satoshi has achieved anymore, CORE modifies its œuvre.

Here is a parable: for example you have acquired the Mona Lisa. You paint and then add a wig to it, colour it blue, paint sunglasses for anonymity and incidentally you stick a firecracker in its mouth. Then proud of your "creation" you decide to show the result to the whole world from Japan to Austria via Lapland and the Midwest with a diversion to Brazil and a break in New Zealand to go for a run with the All Blacks (yes sir), do you think she is still the Mona Lisa as Leonardo da Vinci originally painted her? It is the same size as the Mona Lisa but it doesn't look like the Mona Lisa anymore, it has been transformed into something else so no it is not.

Another artistic representation of Leonardo da Vinci SeGwit code? Really??

  With BTC and what the CORE team has incremented in the BTC code over the years and what happens like Taproot, Tapscript and the signatures of Schnorr and other arms of Shiva.... You will find that this is not at all what satoshi's work was.

  Now take the BSV code, https://github.com/bitcoin-sv look carefully at everything that was de-incremented by nChain, see now who is BitCoin as satoshi created it. You will notice that the BSV code is in conformity with CSW Satoshi Nakamoto's masterpiece thanks to nChain ppl which cleaned the code of the successive incrementations (SegWit and others) that Core had imposed by voice of community BIP against what Satoshi has created.

Now you understand that: BitcoinSV (BSV) is the best technological opportunity of capacity for use and stable build on original Bitcoin protocol and that not incidentally BSV is Bitcoin Turing complete as it was originally, not BTC because BTC= is Not Turing complete

  Yes it is BSV aka BitCoin. Kiss

Bisooo Bisooo

Quote from: ?? on ??

Easy for many ppl can understand that BSV is BitCoin Original Protocol > Bit=Data + Coin=Money = BITCOIN

Do_zzze

newbie

Activity: 7

Merit: 39

BSVfan

newbie

Activity: 2

Merit: 33

Quote

The current controller of the http://Bitcoin.org website (Cobra) is correct.
Bitcoin (in the form of BTC) has "almost nothing in common" with Satoshi's white paper.
That is why BTC is no longer Bitcoin.

Source: https://twitter.com/JimmyWinSV/status/1353199385677467648

Quote

Edit: source https://twitter.com/JimmyWinSV/status/1353428770695356416:

Thanks @CobraBitcoin for admitting "The [Satoshi white] paper links to http://Bitcoin.org, but I feel like the Bitcoin described in the paper and the Bitcoin BTC described on http://Bitcoin.org are starting to diverge." Correct, so do not link the white paper with BTC

Quote

Text content> CobraBitcoin commented on Jul 1, 2016 I've been noticing that the Bitcoin paper at https://bitcoin.org/bitcoin.pdf is getting a lot of traffic (mainly from people searching for "bitcoin paper", or probably seeing it cited by other papers). Almost all the people reading the paper are probably reading it for the first time, and using it as a learning resource. However since the paper is so outdated, I believe it doesn't do a good job anymore of giving people a firm understanding of Bitcoin (at least the modern version). There is no mention of things like pools, and the Privacy and SPV sections could probably be updated. The paper links to bitcoin.org, but I feel like the Bitcoin described in the paper and the Bitcoin described on bitcoin.org are starting to diverge. At some point, I think the paper will start to do more harm than good, because it tricks people into believing they understand Bitcoin. I have seen people promote toxic and crazy ideas, and then cite parts of the paper in an effort to justify it. Academics are also regularly citing the paper and basing some of their reasoning and arguments on this outdated paper.

Quote

Text content> Normally issues like this in other projects would be solved by regularly updating the learning resources, and documents, such as producing new editions or versions of the document to keep it in line with the current status of the project. I'd be interested to know the community's thoughts and opinions on this issue, since I know it's likely to be a divisive but some rational debate would be good, because it could become more of a problem in the future. There are already a few different versions of the paper out there, so Satoshi has already set the precedent that the paper should be updated to reflect the current realities of the software. I believe the paper was always designed to be a high level overview of the current reference implementation, and that we should update it now that the paper is outdated and the reference implementation has changed significantly from 2009.

BSVfan

newbie

Activity: 2

Merit: 33

Quote

Wladimir van der Laan steps back from BTC Core role, asks for more decentralization

BTC Core lead developer Wladimir van der Laan has decided to step back from his role, citing the need to “decentralize” more aspects of the project. In the past few days, van der Laan had faced criticism from others for his swift response in removing links to the Bitcoin white paper on BitcoinCore.org.

Bitcoin creator Dr. Craig Wright’s legal team has sent numerous letters to various parties in the past week, demanding they remove copies of the original Bitcoin white paper he authored in 2008. Van der Laan’s compliance with the request was called everything from “unfortunate” to “cowardice” and “capitulation” from other developers and the internet’s army of armchair lawyers in their responses.

In a blog post titled “The widening gyre,” van der Laan noted that although he has been a major contributor to the Core protocol code, he has not been the most active developer in the past year. However he still has the second-highest number of git merges on GitHub, so his role has been significant. While he will be stepping back from his leadership role, his taking a more “background role” does not mean he’s leaving the project altogether.

“Responses on social media have made me realize that people have strange expectations of me,” he wrote, adding that his role is “particularly stressful” and surrounded by “bizarre social media spats” that shouldn’t define him as a person.

https://twitter.com/orionwl/status/1352181235766988800

Van der Laan has contributed to the Bitcoin and BTC Core code since 2011. The GPG key used to sign BTC Core releases carries his personal name, and he also suggested renaming this or splitting it into pieces. This, along with moving away from GitHub/website distribution and calling for others to take more active roles, would further decentralize BTC.

About that decentralization

“One thing is clear: this is a serious project now, and we need to start taking decentralization seriously,” van der Laan said.

Some of Van der Laan’s comments about decentralization echo several made by Dr. Wright himself: that concentrating control over the protocol in the hands of a few developers creates a centralized system. For all its talk of keeping BTC “decentralized” with small transaction blocks and non-mining “nodes,” it’s notable that only a handful of people have the power to change the fundamental rules.

Dr. Wright is referring to control over the protocol rules here, rather than the number of people coding the software or the number of processing nodes. Bitcoin BSV, after restoring Bitcoin’s original protocol in February 2020, has its transaction rules “set in stone” to guarantee stability and security (i.e. that transactions created 10 years ago will still work 100 years from now).

Denying access to the white paper? Not at all

Much of the outrage and defiance surrounding Dr. Wright’s legal demands has focused on the white paper itself, erroneously assuming the intent is to deny access to Bitcoin’s original vision.

An angry response from Core developer Greg Maxwell on Reddit encapsulated this mood. “What effect would it have on the availability of the whitepaper? If anything it would make it more available,” he wrote.

What Dr. Wright’s detractors claim is an unexpected consequence—that more people will read the white paper now—is an entirely expected one. More people should read the white paper (and watch the “Theory of Bitcoin” series analyzing it). If they do so, they will come to understand how BTC corrupted the original vision, and why that vision exists today only as Bitcoin BSV.

https://twitter.com/JimmyWinSV/status/1352481638945443842

Jimmy Nguyen @JimmyWinSV 22 jan.
With attention on Satoshi's white paper, Bitcoin supporters should actually READ IT. Bitcoin is intended to be "peer-to-peer electronic cash", USED to make daily Internet commerce payments - including for "small casual transactions" - more efficient by reducing transaction costs. The "digital gold" and [clearly volatile] store of value narrative pushed now by BTC supporters makes quite clear that BTC is not the Bitcoin system created and intended by Satoshi Nakamoto. I learned long ago - do not try to be something you are not. So godspeed BTC - be who and whatever you are - BitGold, BitSoV, CoreCoin or anything else. Just have the intellectual honesty to stop calling yourself Bitcoin.

Maxwell also bemoaned Dr. Wright’s persistence in reclaiming control over his intellectual property, saying “Wright can declare war against the ocean but the ocean will just flow around him.”

For the record, van der Laan described Maxwell’s words as an “awesome response”.

https://twitter.com/orionwl/status/1352249825992044545

However the ocean is not sentient, nor made up of individual humans whose actions can be influenced. The BTC ecosystem is—it was this fact that saw developers alter the way its protocol handled back in 2017, and also allow the law to step in with redress if any of these individuals act improperly.

Dr. Wright’s recent actions are not about denying access to information. They are a means to establishing his authorship of Bitcoin’s original materials, and thus his legitimacy to speak on Bitcoin’s behalf. This could have far-reaching effects. He has also promised that the brouhaha over the white paper is just the beginning, saying further legal actions are on the way that will determine Bitcoin’s future.

Watch Dr. Craig Wright tell Ryan X. Charles the background of Bitcoin.org and as they use the Way Back Machine to prove the Satoshi PGP key changed in 2011:

https://youtu.be/_E7iuVM4CIA?t=4326

Source: https://coingeek.com/wladimir-van-der-laan-steps-back-from-btc-core-role-asks-for-more-decentralization/ Big Thanks to Jon Southurst

Bitcoin SV (BSV)

brand new

Activity: 0

Merit: 29

Remember:

Quote

Bitcoin SV Means Business: Why BSV is the Enterprise-Friendly Blockchain

Bitcoin SV (BSV) is Bitcoin meant for business, and is the blockchain all enterprises should build upon. BSV is the rebirth of the original Bitcoin, designed to fulfil the Satoshi Vision. Emerging from the contentious November 15, 2018 hard fork of the Bitcoin Cash (BCH) network, BSV now stands as its own chain and token. Unlike Bitcoin Core (BTC) and BCH under Bitcoin ABC’s development plan, BSV’s mission is clear and focused: restore the original Satoshi protocol, keep it stable, and enable it to massively scale on-chain. That is the only way to make Bitcoin the world’s new money (a peer-to-peer electronic cash system) and the global public ledger for the world’s biggest enterprises.

Since the November hard fork, native Bitcoin businesses have quickly announced #WeChooseSV, and added support for BSV. In fact, many of the best BCH applications – such as Centbee, HandCash, Money Button, and Keyport TV – have moved exclusively over to BSV. Their reasons are strikingly consistent: BSV means business. Here’s why all global enterprises should use BSV.

1. BSV promises a stable protocol.
BSV seeks to restore Bitcoin to Satoshi’s version 0.1 protocol. This means re-enabling the Satoshi opcodes, and removing artificially-imposed limits (such as the limit of 201 op codes per script). The approach rests on the belief that the original Bitcoin protocol has all it needs to sustain a vibrant, scalable network. As Satoshi wrote on June 17, 2010, Bitcoin’s original design was meant to remain for a lifetime:

The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.

But Bitcoin never had the opportunity to flourish the way it was born to be, before Bitcoin Core developers restricted it. The Bitcoin Core group froze an artificial 1 MB block size limit, disabled numerous original Satoshi opcodes, and supports the Lightning Network as a Layer-2 alternative to on-chain scaling. It then forever altered Bitcoin by adding Segregated Witness in August 2017. These changes moved BTC far away from Bitcoin’s fundamental design.

In August 2017, Bitcoin Cash emerged as a supposed effort to reclaim the original Satoshi Vision. But it later became clear that BCH developer groups treat Bitcoin Cash as an experimental playground –implementing new transaction ordering rules, new op codes, and risking controversial changes every 6 months or even faster. In fact, during the November 2018 network upgrade, Bitcoin ABC’s developer team implemented three (yes, three) hard forks within just one week; it added checkpoints and 10 block reorganization protection — changes which undermine the fundamental role of Bitcoin miners to determine the valid blockchain through their Proof of Work. As early as January 2019, BCH now seeks to introduce Avalanche, a pre-consensus concept and move towards a Proof of Stake system. There’s even renewed discussion now for BCH to reduce the block interval from 10 minutes to a significantly shorter period. When will it stop? With each protocol change, BCH moves further away from Bitcoin, and has become another alt-coin.

That’s not good for business. The world’s largest enterprises, such as Amazon.com and Uber, will not invest significant time and resources to build applications on Bitcoin’s blockchain, if the base protocol frequently changes at a developer group’s whim. That is why BSV simply wants to restore the original Satoshi protocol, and then keep it stable. Any significant protocol changes after that should be rare, and implemented only with strong consensus and adequate testing. Developers can experiment all they want; but they should do so on top of the base layer rather than change the foundation.

BSV offers a Bitcoin protocol that is solid rock, not moving sand. With a solid-rock foundation, global businesses can reliably build robust applications, projects, and ventures upon BSV – just as they reliably build upon the long-stable Internet protocol.

2. BSV will be a massively scalable network.
Since the beginning, the Satoshi Vision was always for Bitcoin to massively scale. In April 2009, in Bitcoin’s infancy, Satoshi Nakamoto wrote to Mike Hearn that Bitcoin “never really hits a scale ceiling:”

The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.

Therefore, attempts to artificially limit the block size – such as Bitcoin Core’s 1 MB cap – violate the Satoshi Vision. On the BCH network, developer groups are not open to scaling as quickly as the Satoshi Vision needs; for the November 2018 upgrade, they kept their default block cap at 32 MB. In contrast, BSV raised its default to 128 MB, as a big step towards even higher block caps. The BSV roadmap will one day remove the block cap entirely, and let miners configure for themselves what block sizes they will accept.

Unlike the Bitcoin Core and Bitcoin Cash camps, Bitcoin SV has already shown that bigger blocks are possible now. During a November 10, 2018 preview of the Professional Stress Test, Bitcoin SV’s software successfully mined five 32 MB blocks. At the time, those were the largest ever on a public blockchain. Nine days later, during the main Professional Stress Test, we saw bigger world record blocks on the BSV chain of 38 MB and then 64 MB.

Big blocks are critical to attract big business. Just like companies want a stable platform to build upon, they will only develop enterprise-level applications on a Bitcoin blockchain they know is scalable – with throughput capacity established in advance to support their high volume needs. Bigger blocks are also needed to support the increased diversity of transactions which businesses want to perform, such as token and smart-contract transactions, in addition to simple payments. If you’re a company looking to build global Bitcoin solutions for supply-chain management, electronic data interchange, or smart contracts, you need a massively scaled network.

That is why BSV announces – loudly and proudly – that it is “open for business” with a much higher block capacity than Bitcoin Core or Bitcoin Cash offer. We hope to see 1-2 GB size block caps on BSV within 2 years. With nChain’s Teranode project, we plan an even bigger future of terabyte (1 million MB) size blocks, so that BSV becomes the global public ledger for the world’s biggest enterprises to use for all kinds of financial and data transactions.

3. BSV uses a professionalised approach to security
As I have been saying, it’s time for Bitcoin to grow up and professionalise. The BSV full node team takes that seriously. For its engineering approach to security, it is taking steps never been done before in the history of cryptocurrency:

● Offering a world-class bug bounty program to encourage the world’s best security researchers, to find and responsibly disclose bugs. Bounties go up to USD $100,000 (payable in BSV) for the most critical bugs, and rival programs offered by tech giants Google and Microsoft.

● Following a well-defined Quality Assurance process, before making any code changes, and adopting practices from the most security-sensitive industries.

● Being the first-ever fully security-audited Bitcoin-node implementation in history. With financial support from CoinGeek, the BSV node team has engaged Trail of Bits, a top-class security audit firm to review the BSV code and strengthen quality assurance practices. In the blockchain space, Trail of Bits has previously worked on projects for Sai, RSKj, and Livepeer. The cost for security audit work is significant, which is likely why it has never been done before in Bitcoin’s history. But thanks to CoinGeek, BSV will benefit from professional security audit testing.
BSV has a plan to create industry best practices, and deliver unprecedented commitment to quality assurance and professionalised engineering. That’s exactly what big businesses want for an enterprise-friendly blockchain.

4. BSV has a regulation-friendly mindset.
BSV’s supporters do not invite unnecessary regulation, but we know it is important to create a platform that lives in the real world, with real laws. For Bitcoin to achieve global adoption, businesses and consumers need confidence that using its currency and blockchain is legally safe. Whether we agree with them or not, we cannot ignore regulations that govern how a company operates on the Bitcoin blockchain. That is why the BSV ecosystem attracts businesses and applications who want to build in a regulation-friendly environment.

A good example is the Tokenized team, which won CoinGeek’s £5 million tokenisation contest in large part because its solution enables a token issuer to comply with laws in its operating jurisdictions. That’s smart, business-friendly, and indicative of the BSV ethos.

In contrast, some of BCH’s strongest advocates call for legally questionable practices. When extolling the virtues of new BCH opcode OP_CHECKDATASIG (or OP_DATASIGVERIFY), Bitcoin.com’s CTO Emil Oldenburg proposed using it for gambling applications, such as “on-chain bets” or “wagers” and “escrow services.” What he describes is a marketplace of bets on the rise or fall of an asset’s price, without the actual financial asset being traded; that is actually an illegal “bucket shop” under U.S. and other laws.

Even worse, in a video statement, Bitcoin.com’s CEO Roger Ver suggests the BCH blockchain can be used for transactions to buy illegal drugs, and any type of transactions for that matter, saying that:

[Bitcoin allows for] permission-less use. You don’t need permission to do whatever the hell you want with it. If you want to gamble on the Internet, that’s just fine too. If you want to buy drugs on the Internet, that’s just fine too.

I support everyone’s right to their own opinion, and take no position on how governments should regulate gambling, narcotics, or anything else. But Bitcoin will not grow to global adoption and use by billions of people, if it is promoted with illegal use cases. That scares away big businesses, and will just bring heightened government scrutiny. That is why BSV’s ethos is to act responsibly, respect the law, and attract enterprise usage.

Businesses Choose SV
BSV’s enterprise-friendly approach makes it easy to attract sensible Bitcoin businesses. Some of the best application founders echo our thinking when they explain why they say #WeChooseSV:

HandCash’s co-founder Alex Agut wrote:

The Bitcoin SV side is more aligned with us in terms of global adoption, keeping Bitcoin legal and innovating on top of the protocol – not messing with it and causing splits again and again.

Keyport TV’s co-founder Sumanth Neppali explained:

We seek stability, and we do not want an ‘upgrade’ every 6 months.
Bitcoin is not a dev playground. Money is not a Javascript framework that every 6 months, something new will be released.
Bitcoin’s design is complete.

Money Button/Yours.org co-founder Ryan X. Charles observed:

Bitcoin SV is the closest blockchain to the original Bitcoin protocol.
Bitcoin SV is committed to keeping the base protocol in place – ‘set in stone.’ This is extremely desirable from our point of view, as the protocol as it stands today is sufficient for our business indefinitely into the future.
Bitcoin SV understands the urgent need to scale.

10 years after the birth of Bitcoin, it is time to fully realize the Satoshi Vision. To do so, we must build a blockchain designed for business: to meet real enterprise needs, to be used by real people, and to comply with real laws. It means we need a stable protocol, allow for massive scaling, and add a professionalized approach to security. That’s the BSV way, and that’s why Bitcoin SV means business.

https://bitcoinassociation.net/bitcoin-sv-means-business-why-bsv-is-the-enterprise-friendly-blockchain/ Jimmy Nguyen Wink

Published: December 17, 2018

kna

newbie

Activity: 13

Merit: 32

Quote from: ?? on ??

Oh look its the copy and paste thread about a COPY and paste fakecoin

Did you know that there are places on the planet where the internet is restricted, be it in Asia, Central Europe, Africa or even South America, many unfortunately do not have the luxury of "equal internet". This is why information about BitCoin is also centralised on this thread, which has already been accessed more than 200,000 times. The aim is to transmit and inform no more and no less. If the desire to show off and be seen as a clown seems to be a primary need for you, then all the better, it won't stop readers and participants from differentiating between your clowning and the facts.

kna

newbie

Activity: 13

Merit: 32

Quote from: ?? on ??

~
I also hope that's not your way of submitting your requested pic for my next meme.
~

Hey Princess! You seem to like memes instead of licking your screen Tongue

... Come and join the memes broadcaster groups https://powping.com/channels so you can (maybe) win some real BitCoin with your creations!

BSVfan

newbie

Activity: 2

Merit: 33

Quote

Blockchain Company TAAL Adopts BitcoinSV For Its Secure, Low Transaction Cost and Scalability

TAAL was one of the Benzinga Global Small-Cap Conference sponsors on December 8-9, 2020. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.

BitcoinSV was born from the desire to bring Satoshi Nakamoto’s original vision for Bitcoin to fruition. Nakamoto was a pseudonym used by inventor Dr. Craig S. Wright, who was recognized with a U.S. copyright registration as the author of the original white paper which inspired the creation of Bitcoin entitled, “Bitcoin: A Peer to Peer Electronic System.” Written in 2008, his concept for Bitcoin was to create one global and scalable blockchain that would meet the needs of enterprises and consumers worldwide.

BitcoinSV (BSV) blockchain is a disruptive technology, much like AI, smartphones, and the internet, in 1995. The growth is comparable, showing a rapid adoption of BSV blockchain technology. On May 16, 2020, TAAL processed a world record block on the BitcoinSV Main Network, totaling 369 MB block and containing over 1.3 million transactions, speaking to its infrastructure and scalability capability. While on December 2, 2020, the BSV network processed over 4.3 million transactions, dwarfing competing blockchain daily transactions on that day.

Taal Distributed Information Technologies Inc (OTCQX: TAALF) (CSE:TAAL) (FWB:9SQ1) is a pure-play on the global adoption of BitcoinSV. TAAL is an emerging blockchain infrastructure and transaction processing company delivering solutions on the BitcoinSV blockchain at scale and at a cost advantage to enterprise clients that want to build large scale blockchain applications.

The company’s solutions are industry agnostic and currently cover a wide range of sectors, including fintech, healthcare, big data, supply chain, eSports, casinos, and iGaming.

TAAL owns, operates, and manages its blockchain infrastructure, located within Canada, which provides the processing power to guarantee that high-volumes of data throughput are validated faster than traditional methods. The processing power creates short-term shareholder value by winning block reward revenue from the BSV network.

As global enterprise rapidly evolves, TAAL addresses their needs and demonstrates the business advantage possible through BitcoinSV blockchain adoption. Currently, enterprises across industries are exploring blockchain solutions to improve their business operations, meet the demand for real-time transactions, unlimited transaction scalability, low transaction fees, network security, and industry compliance. Through its proprietary cloud-based platform solution, TAAL has met these progressing needs in a secure, trusted, and rapidly expanding environment.

“With business value added by blockchain anticipated to surpass $176 billion by 2025, TAAL believes that BitcoinSV will be the standard cloud-based blockchain for enterprise software,” said Chris Naprawa, President of TAAL.

Not All Blockchains Are Created Equal

Blockchain technology is being rapidly adopted by large enterprises globally, and TAAL is building cloud-based industry-agnostic tools and services to meet the demand for this rapid adoption.

One of the reasons TAAL chose BitcoinSV as its blockchain of choice is that it assures clients that the company uses a blockchain with a stable, locked in protocol that gives enterprises the confidence to invest capital to build large scale applications that meet regulatory, compliance, and financial requirements.
BitcoinSV provides the company with the ability to service clients in the following ways:

low and cost-effective transaction fees

a secure and immutable global ledger of data records

the power to seamlessly issue smart contracts through the tokenization of real-world assets (real estate, securities, and insurance)

TAAL believes that BitcoinSV guarantees the security, scalability, and economics enterprises require to start utilizing this new technology in their day-to-day business channels. Research from Gartner predicts that at least 25% of the Forbes Global 2000 will use blockchain for digital trust at scale in 2021.

“Blockchain is moving at pace to deliver real-world business solutions, and with that, we are seeing its transformative acceptance by enterprise organizations across industry sectors who increasingly see this technology bringing them a real, competitive advantage,” said Naprawa.

Recent Developments

TAAL recently announced that it had acquired additional North American processing power to support the future of enterprise transaction processing.

Once fully deployed, the purchase represents over 130 petahash/s ("PH") in additional computing power and will bring the company's overall computing capacity up to more than 280 PH.

Blockchain transaction processing is the core of TAAL’s business, and technology advancements such as this help support the company’s overall growth strategy.

“The big differentiator with us, and being on a public chain, is we can be as accountable to our customers and the market as possible,” said Naprawa. “Massive transaction volumes are coming, and we believe that TAAL brings the accountability that will help enterprises move from private solutions or cloud solutions to this public blockchain solution, and that’s why we focused on that [purchasing of blockchain computers].”

For information on TAAL, you can visit the company’s website by clicking here.

Source: https://finance.yahoo.com/news/blockchain-company-taal-adopts-bitcoinsv-173952475.html Big tanks to Jaycee Tenn
👉 https://craigwright.net/bitcoin-white-paper.pdf

Pastaga

newbie

Activity: 4

Merit: 9

Quote from: ?? on ??

......
I find it very strange that the specialized press almost passes under silence the fact of the double spend which occurred on BTC despite colossal hashing power which enriches a specialised elite while Bitcoin at the base is addressed accessible extraction to all; Finally, here is the global impartiality? Is there a correlation with the imminent arrival of BlackRock 🥕 for an 8 billion $ possible injection? ......

Strongly agree

Quote

It was not just a double spend. The story broke on the 21st day at 21:21 UTC, in the 21st year of the 21st century on a network of 21 quadrillion units, there was a magically small exploit of US$21 on the BTC network, and nobody seems to care—at least not yet.

Shocked

https://coingeek.com/double-spend-newspeak-and-the-case-for-magic-numbers/

BSVfan

newbie

Activity: 2

Merit: 33

Do you know TDXP.app exchange one of the best exchange in the world?

Enjoy the unique experience of #onchaintrading. Use #BitCoin to trade commodities, stocks, indices forex & crypto or earn as a liquidity provider

TDXP.app Liquidity provider list 100 pairs in #BitCoin SV ONLY!

-crypto
-commodities
-stocks
-indices
-forex

Here is an interesting graphic comparing https://tdxp.app with a few exchanges some of you may know.

You can also find regular Trading contests here.

Do_zzze

newbie

Activity: 7

Merit: 39

Quote from: ?? on ??

CSW recent words are disgusting, usual shit he is trying to pull. fucking disgusting. stain.

All tastes are in the nature! Since he seems to have created Bitcoin then his approach can be considered legitimate despite the fact that no one can put himself in his place. Justice will clarify the facts in due course. As read here "When the lie takes the lift, the truth takes the stairs. Even if it takes longer, the truth always arrives in the end!". Personally, I consider that BTC took the lift (Actual BTC developers seem to have a good understanding of the impact and depth of their facts and other exposures. It is only a matter of time before ...).

I find it very strange that the specialized press almost passes under silence the fact of the double spend which occurred on BTC despite colossal hashing power which enriches a specialised elite while Bitcoin at the base is addressed accessible extraction to all; Finally, here is the global impartiality? Is there a correlation with the imminent arrival of BlackRock 🥕 for an 8 billion $ possible injection? Anything is possible in the world, maybe even your respectful consideration if one day soon CSW signs under a court order ordonance, think about it... Would you really be willing to write "Excuse me Satoshi"? Anything is possible Wink

it's a question of perspective & common sense. In the meantime building with BSV is valuable. Using BSV is useful for you to take the step to understand these perspectives.

Quote

Responding to Antonopoulos on the BTC double-spend analysis

Just recently, BitMex Research’s ForkMonitor detected a split in the BTC chain, where the temporarily leading chain was re-org’d, and therefore 1 block was orphaned. Nothing substantially important or notable with that alone… Reorgs happen all the time, and they are a fundamental part of the design in which Bitcoin works and awards miners for the most work done on the network.

What made this particularly unique, which ended up sending “crypto-twitter” (as it is colloquially termed) into a meltdown was the fact that one of the transactions showed a conflict. It did not fit the usual RBF type transaction.

What is RBF?
Replace-By-Fee is a method of transacting on the BTC chain that Core devs implemented to help speed up transactions on their plodding network. Because of BTC’s limited transactional through-put, only a certain number of transactions can be processed at a time. This puts the speed limit at approximately 3 transactions per second… a terrible speed for a payment network. Miners (who process transactions) pick up the transactions from the queue not in a first in first out service, but in a highest fee come first method. It is for this reason, every BTC transaction has a sizeable fee attached to it… everyone is trying to get to the head of the queue. At times of extreme traffic, users have been forced to wait several days and over to see their transactions proceed, even with reasonable fees attached.

This is where BTC Core developers introduced RBF, a policy that allows a sender of a transaction, to redo the transaction and attach a bigger fee to it. So suppose my transaction has been waiting 2 days, and I had paid a 2 dollar fee, I can then rebroadcast the same transaction and increase the fee. I am basically creating a new transaction with a higher fee, to lure miners into picking it up first.

So when people tried to hush it down the transaction with calls of RBF, it’s very easy to point out a few things… Firstly the values were different, both transactions were recorded on different blocks, and importantly, the lower fee transaction, a surprisingly low 1 sat/byte actually won out in the end.

Author of Mastering Bitcoin, Andreas Antonopoulos, responded in damage control.

In a tweet storm he explains that reorgs are part and parcel of BTC operations and business as usual. He then explains the probabilities of reorgs, and how tremendously infrequent they become statistically beyond 1 or 2 block deep reorgs. All this is fine and all are in agreeance.

https://twitter.com/aantonop/status/1352258125932371968

Andreas explains that “During a re-organization, there is a chance for someone to attempt a ‘double spend.’ This is not a double spend from the perspective of the blockchain as a whole. Only one spend survives, therefore no double spends happen.” Yes, there is only 1 chain that survives, only 1 transaction that survives, but as he points out later, it can by all means be the wrong transaction that survives. And that’s the whole point! Whenever we talk about double spends, or a 51% attack it is always a re-write of the blockchain, and rarely in the context of a coin spent twice within the same chain. Not too long ago over US$5 million was double spent on the Ethereum Classic network. This too only ended up with 1 history of events and 1 transaction. The transaction that lost out was orphaned. Granted this was a major re-org that was exceptionally deep for ETC.

He then mentions page 8 of the whitepaper, where calculations are shown on probabilities of double spends. Except, the very page he refers to is specifically speaking about the attack that occurred. There is substantial evidence to show that the double spend was a carefully crafted and timed transaction designed to do what it did. The person that created the transaction knew very well what they were doing. Interestingly, Andreas makes a point about waiting for confirmations on bigger values. This is good advice indeed for all POW blockchains. But to take his advice directly and apply it to what happened in the reorged issue at hand presents the point of the problem. This was a mere US$21 double spend. The kind of amount where most people would accept a single confirmation.

Antonopoulos concludes “Consider it debunked.” I think the issue is rather now flagged, and BTC community should now make considerations on a suitable number of confirms even for smaller amounts, and not just bigger amounts. But beyond this, how do Lightning Network developers resolve this issue with settlements that this presents?

Compounding matters however, are the implications that this could have for Lightning Network channels and settlements, as noted by nChain’s chief scientist Dr. Craig S Wright. Dr. Wright, the inventor Bitcoin, states that “if you double spend a Lightning Network settlement, you effectively break the entire system. Watch towers are all about putative spends, no inputs, no punishment… By definition what happened was a double spend.”

https://twitter.com/sgbett_614/status/1352604133417750533

The effort in which Andreas went in to try to quash fears was understandable. People have real money invested, and panic can do ugly things to a market. It highlights a duplicity however, where in the past, mere reorgs on BSV (that had no double spends at all) were smeared all over media outlets. Dare I say if this incident was on BSV, the world would’ve known about it.

Antonopoulos also criticized the fact that publications quoted BSV people, instead of an “actual Bitcoin developer or expert”:

That’s a cheap shot, so here is a BTC Core developer from way back saying what we said:

On the other hand, BSV accepts 0-confirmation payments for such small amounts quite easily and securely. Firstly, miners work on a first seen rule (as opposed to highest paid fee rule). Secondly, ecosystem wallets such as HandCash have built-in double-spend detection systems.

Ivan Mlinarić, who is a software engineer at HandCash, had the following to say:

“Handcash had to do a little more than find a couple of reputable miners and make sure to broadcast or rebroadcast every transaction involved HC users. It’s mostly about being well connected, but avoiding comms with sybil nodes, especially for the wrong reasons. In essence, it’s not much of a technical challenge, but rather, business related as we needed to establish relationships with miners and work on direct, efficient communication. There are other things we can do also, but those things are private at this stage. At any point if there’s an issue, an internal alarm is triggered. So far this happened a couple of times and it was due to our own bug. Understanding network topology is the key.

When it comes to double spending in BTC or BSV we need to understand there are two distinct approaches. BSV works with zero conf out of the box because miners respect first seen rule. That also reduces complexity and scalability of the node itself. It’s boiled down to simple ordering of transactions without doing too much mumbo-jumbo. BSV can have reorgs and they have no effect on individual transactions because they are all based on first seen rule and they get included in all competing chains if there is a chain split situation.

HandCash running on BTC would be extremely boring wallet and I would rather use traditional banking service then as it’s much faster.”

Handcash is one of several competing BSV wallets that are competing, but also working together to develop a more robust experience through various workshops organised by Bitcoin Association.

Source: https://coingeek.com/responding-to-antonopoulos-on-the-btc-double-spend-analysis/Big Thanks to Eli Afram @justicemate

bitcoinPsycho

legendary

Activity: 2632

Merit: 2386

$120000 in 2024 Confirmed

Quote from: hv_ on September 15, 2024, 05:52:06 AM

Teranode seems to process more than 1mio TXs per second but scaling needs simple set in stone BitCoin

SPV Here too

See Satoshi was talking about - he still holds the copyright

And it's all about electronic Cash System for mass use

Copyright are you fucking kidding me. Your stupidity knows no bounds

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Teranode seems to process more than 1mio TXs per second but scaling needs simple set in stone BitCoin

SPV Here too

See Satoshi was talking about - he still holds the copyright

And it's all about electronic Cash System for mass use

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: bitcoinPsycho on June 16, 2024, 08:03:57 AM

Quote from: hv_ on May 24, 2024, 08:25:14 AM

Why do ppl need to hold other ppl away from using Bitcoin just as Satoshi delivered. Quit odd

Spectacular fail
Grin

Not sure how you can show your face in this forum, you must be embarrassed shorely....??

cultist have a real hard time adapting when its finally time to face reality; they just arent prepared. so they might as well stay where their fantasy world can still be looked back on.

iow welcome home hv_ .. this is the only place youll ever feel validated as you can talk to other nutcases here, im sure there will be more..

bitcoinPsycho

legendary

Activity: 2632

Merit: 2386

$120000 in 2024 Confirmed

Quote from: hv_ on May 24, 2024, 08:25:14 AM

Why do ppl need to hold other ppl away from using Bitcoin just as Satoshi delivered. Quit odd

Spectacular fail
Grin

Not sure how you can show your face in this forum, you must be embarrassed 🤔 shorely....??

Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision - page 27. (Read 226361 times)