BSV is a stack of cards ready to tumble
BSV is not a coin with actual real world services or a large hashrate to secure that network.
the businesses wrapped around BSV are not real collateral backed to evaluate them in real money terms to any high degree
BSV is a stack of cards ready to tumble
firstly, the trade volume
there is the ability to fake volume
(for simple demo)
its only trading at ~$40. ($55m VOLUME(as read by someone else recent days average))
meaning 2 idiots probably could swap the same $20 back and forth between each other (using a bot) 2.75m times a day = 31 times a second
only swapping the same 0.5bsv:$20 between each other to create this fake trade volume
secondly faking BSV businesses valuations
EG (im using dummy numbers for easy demo explainer)
let say BSV had access to all 19m of its bsv coins.
BSV is saying its entire business partnerships are worth more then 760m(circ cap) whilst only $20 (only $20 in entire BSV reserves in my demo) is traded of real fiat between BSV'ers.
then those businesses are also not holding portions of BSV as real reserved collateral. meaning their business valuations are not actually backed let alone by the coin, but then no fiat reserves to back the coin
which those business are not actually holding
lets explain this simply
imagine company A only has 1m bsv coins. that business then claims its worth $40m(coin*price). even though there would be (demo above) only $20 real fiat in the BSV ecosystem.
that business offers out say 100m of shares/tokens where only one share/token is bought for say $10
creating that business valuation of $1bilion..($10 fiat * 100m shares)
even though the actual fiat in the BSV (demo number) ecosystem is only $30 now (disclaimer dummy numbers for demo explainer of hypothetical scenario)
yep you see it in sharktank/dragons den TV shows.
business enters the tank/den.. asks for only $100k hard money for 5%
the dragons/sharks laugh and say "do you really think your company is worth $2m(even though company has no cash and is only seeking $100k)
because the BSV ecosystem of CSW companies only service each other in a incest game of sharing their own genepool of 'collateral'
those BSV services/companies.. are a stack of cards ready to fall
where the real hard fiat does not match the BSV cap and bsv business valuations
..
oh and i have not even got to the hashrate yet
650petahash (0.65exa)
is 0.25% of bitcoin hashrate
yep it only needs 0.25% of bitcoiners to pool jump to BSV pool to 51% BSV network
edit to respond to below (in jest/humour)
yep it only needs 0.25% of bitcoiners to pool jump to BSV pool to 51% BSV network
A bit more then that since it would only be 50% :-)
bitcoin is 270exa, which 0.25% is 675peta
51% attack of 650peta BSV is 663peta required
0.25% of bitcoin is a 52% attack essentially.. so my math is good
