nChain patents for BSV may be necessary since:
Russia is engaged in the race for Blockchain technology, as is China, which recently made it official with the voice of Xi Jinping, determined to "take the first place in the emerging field of Blockchains". (
https://translate.google.com/translate?hl=&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.xinhuanet.com%2F2019-10%2F25%2Fc_1125153665.htm&sandbox=1). Announcing the upcoming creation of a national cryptocurrency (the "DCEP").
The BRICS (Brazil, Russia, India, China, South Africa) in general are very interested in Blockchain technology and are even discussing the implementation of a crypto that would be common to them (The 5 BRICS nations is 3 billion people (40% of the world population) and, according to projections, 40% of the world's GDP by 2025.). Used for trade between these countries to circumvent dollar payments: "The dollar's share of BRICS foreign trade regulations has increased from 92% to 50% over the past five years. The implementation of a common cryptomonnaise will thus confirm this trend with the long-term ambition of creating a fully "dollar and SWIFT-proof" ecosystem. "We are talking about a market with 3 billion people.
Between public currencies (such as Bitcoin or Ethereum), state currencies (Digital Currency Electronic Payment - DCEP-, crypto-rouble (finally aborted), Petro in Venezuela, pushes for a crypto-euro...) and private currencies (Ripple, Libra, GRAM...), the hegemony of the Dollar risks being shaken in the future.
By the way, China is already engaged in a commercial fight against GAFAM (Google, Amazon, Facebook, Apple, Microsoft) with its BATX (Baidu, Alibaba, Tencent, Xiaomi) for the domination of the digital sector and ICT (New Information and Communication Technologies). This is another subject, but it shows China's willingness to be present and competitive on these issues
https://asia.nikkei.com/Business/China-tech/China-triples-US-in-blockchain-patent-filingsAt European level, the same enthusiasm among institutions (especially triggered by the shock - or awakening - generated by the announcement of the upcoming launch of Libra): the German and French finance ministers agree on the idea of pushing for the implementation of a crypto-euro.
A member of the ECB's Executive Board recently argued this point (
https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp191126~5230672c11.en.html). The Senior Deputy Governor of the Banque de France also advocates the use of the Blockchain at the European level (
https://www.banque-france.fr/sites/default/files/medias/documents/2019_11_21_afme_discours_db_vf2clean.pdf).
In addition, German banks will soon be able to keep Bitcoin as well as gold (
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/kryptowaehrungen-neues-geldwaeschegesetz-banken-duerfen-bitcoin-verwahren/25276392.html?ticket=ST-53239332-yvi42LJVmV6yorSUqjcc-ap1).
And French institutions do not remain marbled, as evidenced by the Senate's latest report on crypto-actives:
http://www.senat.fr/rap/r19-007-1/r19-007-11.pdf/ .
The United States is also moving a lot on this issue. If Congress seems very busy slamming Zuckerberg's wrists, putting obstacles in Libra's way, to make him pay for the scandals around Cambridge Analytica, the fact remains that the United States has a very active Blockchain ecosystem. Moreover, the FED has recently stated that it is conducting research on the costs and benefits of issuing a crypto-dollar (
https://www.coindesk.com/fed-reserve-evaluating-digital-dollar-but-benefits-still-unclear-says-chairman).
Iran, Tunisia, Paraguay, Switzerland, Wales, Estonia, South Korea, Thailand, Singapore, Hong Kong, Japan have also been doing so for a long time, in other words, so many countries that are aware of the race launched and have decided to participate in it in order not to be left behind. These are all countries that are quick to put in place regulations that will, they all hope, be optimal for the development of their national Blockchain ecosystem.
I am not talking about all the projects and companies that have started and have already developed well because it would be too long but I invite you to find out for yourself because it is exciting and impressive (I will soon make an article with a list of sites to follow so you don't miss anything).
The application space is sheer infinite and BSV will take em all sooner or later (meh, not decentral enough) by economic and maybe also compliance reasons.
The only hurdle is the anarcho and criminal touch in the space and the latent fear of protocol forgery instability so that industry is in wait mode / play private blockchain game mode for some time.
Not all. Happy advent Bodog.com
If ya wanna alter his work > esp into un-functioning / cripple capacity, and still call it Bitcoin -> you shit on him and his years of work
