Topic: Reasons to be bullish on BitcoinSV (Read 964 times)
Imagine thinking Craig Wright owns BSV
Imagine thinking Craig Wright owns BSV
Craig Wright owns Original Bitcoin (Bitcoin SV)https://www.coindesk.com/tech/2021/07/23/what-is-going-on-with-bitcoin-sv/
https://crypto.marketswiki.com/index.php?title=Bitcoin_SV
https://finance.yahoo.com/news/bitcoin-sv-original-bitcoin-165434309.html
BsV and its owner does really have lots some controversies that they do have on this market.
Research is the key.
Imagine thinking Craig Wright owns BSV
Craig Wright owns Original Bitcoin (Bitcoin SV)
Imagine thinking Craig Wright owns BSV
Craig Wright owns Original Bitcoin (Bitcoin SV) 
Reasons to be bearish on bsv ; Craig Wright. I can't believe people still follow a coin and shill about it when the owner is literally a liar who has been disturbing everyone on the market by going around and keep telling lies everywhere.
Liquidity is really low for example, so when you buy like a 10k worth of BSV it looks like the price goes up high, the reality is the fact that if you want to sell, you will drop the market price like crazy at the same time. That is why BSV is a fake coin that worths nothing in reality, it looks like it worths something but in reality it worths zero! Do not get your money tangled with other peoples ideological fights, it is not your fight and let them do their own war all by themselves without really putting in any of your own money.
Liquidity is really low for example, so when you buy like a 10k worth of BSV it looks like the price goes up high, the reality is the fact that if you want to sell, you will drop the market price like crazy at the same time. That is why BSV is a fake coin that worths nothing in reality, it looks like it worths something but in reality it worths zero! Do not get your money tangled with other peoples ideological fights, it is not your fight and let them do their own war all by themselves without really putting in any of your own money.
as what i have mentioned above this is what i am afraid of,these whales that manipulates the movements of these forked currency because they knew that there are still plenty of victims that will Bite their Baits everytime Bitcoin price pumps.
The worse thing in all this is that exactly. That newbies always fall for it. At least not Bitcoin.com does not look like so much a trick to get people to buy BCH when they want to actually get Bitcoin. But when I see Craig Wright talk and I see Twitter people talk,,, I realize that we will always get believers even with the truth all out for everyone to see.
It’s a scam....stay away from it 
How about the price increased last month? Was that a bull run for bitcoin sv? Honestly I don't have any interest to buy this coin. I have several times to check what was happened and what was discussed in scam accosation board that stated bitcoin sv is scam with fake team on their whitepaper. Based of that I have to thinking a thousand of time to buy this coin and it will be safe to look another altcoins such as ETH or even XRP though, I will choose XRP instead of bitcoin sv by the way.
There are a lot of people like you who think in the similar way which also includes me. Most of the forked coins of bitcoins have made profits and that is what makes the investors stay close to such forked coins which also creates some demand for these coins leading in price pump. Moreover, what I think is most of the big whales might too be holding coins like Bitcoin SV and anytime they exit the markets would be the time when bearish markets would arrive for Bitcoin SV because a lot of sell orders would dominate the buy orders which would minimize the demand and the price would start dropping. That's the reason why I do not trust bitcoin sv.
as what i have mentioned above this is what i am afraid of,these whales that manipulates the movements of these forked currency because they knew that there are still plenty of victims that will Bite their Baits everytime Bitcoin price pumps.
Imagine digesting all this information and not going in all on BSV because "aussie man bad"
https://coingeek.com/bitcoin-sv-and-everyone-else-how-we-won-the-protocol-war/
So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) modelSo what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won.
https://coingeek.com/bitcoin-sv-and-everyone-else-how-we-won-the-protocol-war/
So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) modelSo what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won. So what are Bitcoin SV’s key differentiators?
UTXO vs Account-Based Global State
Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.
This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.
Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.
On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.
The global state model creates many problems
Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.
On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.
In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.
So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?
This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.
The Superlatives
• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.
• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!
• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.
• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.
• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.
• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.
Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.
Best examples of ‘competitors’
• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.
• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.
• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.
• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.
What about EOS, Tron or the other smart contract platforms?
The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.
The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”
So who is competing with Bitcoin SV?
This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.
Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.
Any other key differentiators?
Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.
Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it.
But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.
You might not know it yet, but we have already won.
How about the price increased last month? Was that a bull run for bitcoin sv? Honestly I don't have any interest to buy this coin. I have several times to check what was happened and what was discussed in scam accosation board that stated bitcoin sv is scam with fake team on their whitepaper. Based of that I have to thinking a thousand of time to buy this coin and it will be safe to look another altcoins such as ETH or even XRP though, I will choose XRP instead of bitcoin sv by the way.
There are a lot of people like you who think in the similar way which also includes me. Most of the forked coins of bitcoins have made profits and that is what makes the investors stay close to such forked coins which also creates some demand for these coins leading in price pump. Moreover, what I think is most of the big whales might too be holding coins like Bitcoin SV and anytime they exit the markets would be the time when bearish markets would arrive for Bitcoin SV because a lot of sell orders would dominate the buy orders which would minimize the demand and the price would start dropping. That's the reason why I do not trust bitcoin sv.
Great share! however, this would only be attractive for people out their who believe and trust on BSV, especially on Craig Steven Wright.
Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
Majority or big part of this community doesnt really trust up this coin if we do really talk about Bitcoin related sentiment but people do mind on how Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
to make money which makes this coin to be included into their list.
Im not really that updated about whats happening with BSV or even with BCH crap.The thing i do know is that i dont really support these coins
even if it do just mind about on how to make money.
Even I am thinking to exit the markets because I could find some bearish patterns on bitcoin sv which might end up dumping the coin. Investing into some strong backed up coins is really a good option in terms of long term investments because we know that most of the potential coins would surely experience a pump in the coming markets.
The only coin which can scale. Without scaling there can not be growth.
Thats a 1 GB block on testnet: https://stn.whatsonchain.com/block-height/14893
Thats a lot of information which can be processed.
BSV Test 1,043,636,969
BCH 1,400,000
BTC 800,000
Dash 30,000
ETH 25,000
LTC 15,000
Thats a 1 GB block on testnet: https://stn.whatsonchain.com/block-height/14893
Thats a lot of information which can be processed.
BSV Test 1,043,636,969
BCH 1,400,000
BTC 800,000
Dash 30,000
ETH 25,000
LTC 15,000
Haha check out temtum on the TPS
What can bsv do as TPS - show us a test
Temtum already have proven on their mainnet they can do 120,000 TPS !
Can bsv match that ? I doubt it !
How about the price increased last month? Was that a bull run for bitcoin sv? Honestly I don't have any interest to buy this coin. I have several times to check what was happened and what was discussed in scam accosation board that stated bitcoin sv is scam with fake team on their whitepaper. Based of that I have to thinking a thousand of time to buy this coin and it will be safe to look another altcoins such as ETH or even XRP though, I will choose XRP instead of bitcoin sv by the way.
The only coin which can scale. Without scaling there can not be growth.
Thats a 1 GB block on testnet: https://stn.whatsonchain.com/block-height/14893
Thats a lot of information which can be processed.
BSV Test 1,043,636,969
BCH 1,400,000
BTC 800,000
Dash 30,000
ETH 25,000
LTC 15,000
Thats a 1 GB block on testnet: https://stn.whatsonchain.com/block-height/14893
Thats a lot of information which can be processed.
BSV Test 1,043,636,969
BCH 1,400,000
BTC 800,000
Dash 30,000
ETH 25,000
LTC 15,000
WOKE
Great share! however, this would only be attractive for people out their who believe and trust on BSV, especially on Craig Steven Wright.
Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
Majority or big part of this community doesnt really trust up this coin if we do really talk about Bitcoin related sentiment but people do mind on how Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
to make money which makes this coin to be included into their list.
Im not really that updated about whats happening with BSV or even with BCH crap.The thing i do know is that i dont really support these coins
even if it do just mind about on how to make money.
Great share! however, this would only be attractive for people out their who believe and trust on BSV, especially on Craig Steven Wright.
Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
yups and obviously what happen in this last Hype is a manipulation and pumping from CSW's side,look that after the court ordered him to deliver the evidence in February the price Grows?when more are expecting this to fall.Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
and if people will believe in Bitcoin Fork currency they would choose BCH than BSV as the Faketoshi claimant is the owner and trust don't deserve for a liar.
Great share! however, this would only be attractive for people out their who believe and trust on BSV, especially on Craig Steven Wright.
Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
Though we can't tell that this project is just full of hype but based on my observation, a lot of people in the forum does not trust this fork of bitcoin.
This coin could be bullish and in fact we've seen enough when it made its ATH this year but investing in BSV is purely like a game to me.
I can't think of its good future when I think that behind the price pump was just a manipulation.
anyway, everyone has their own belief, so we are free to choose what actions we should do.
I can't think of its good future when I think that behind the price pump was just a manipulation.
anyway, everyone has their own belief, so we are free to choose what actions we should do.
I have no reason to be bullish on a coin that's from a stupid CEO who wants the world to make him the original creator of bitcoin, this ruined his reputation even if BSV grows bigger in near future i won't regret my decision, still i will chose BCH over BSV
there is indeed an increase. whether it's a manipulation or just because of the bitcoin movement. but if you look at the chart in the market there is an increase. market conditions like that even though we know there are some problems with this asset.The creator of this coin is the main problem. The majority of BSV volumes are getting centralized on the crap exchange site.
https://unboundedcapital.com/research/why-we-invested-in-run
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience. Accordingly, we are excited to announce that Unbounded Capital has invested in Run and looks forward to working with and supporting Brenton over the coming years.
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience. Accordingly, we are excited to announce that Unbounded Capital has invested in Run and looks forward to working with and supporting Brenton over the coming years.
Wow, my education is not the best and english is not my natural language but even to me when reading this it just seems as if this is all kinds of hype words being used. How does bsv change the fundamentals of internet apps? I would believe ETH or another platform for sure but bsv?
Maybe by making internet apps more centralized and led by a crazy guys? Ok sure.
Let the creator of this coin proves whether he can prove the tulip trust.
https://unboundedcapital.com/research/why-we-invested-in-run
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience. Accordingly, we are excited to announce that Unbounded Capital has invested in Run and looks forward to working with and supporting Brenton over the coming years.
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience. Accordingly, we are excited to announce that Unbounded Capital has invested in Run and looks forward to working with and supporting Brenton over the coming years.
Wow, my education is not the best and english is not my natural language but even to me when reading this it just seems as if this is all kinds of hype words being used. How does bsv change the fundamentals of internet apps? I would believe ETH or another platform for sure but bsv?
Maybe by making internet apps more centralized and led by a crazy guys? Ok sure.
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