Topic: Reasons to be bullish on BitcoinSV (Read 975 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.
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 Bitcoin SV [BSV] ecosystem has rapidly grown to approximately 400 ventures and projects around the world. According to a regularly-updated chart (prepared by BSV project Peergame) that compiles information from BSV/DEVS, Agora.icu, GitHub and other resources, as of January 19, 2020, there were 394 known companies, services, developer resources, protocol layers and protocol projects built on or for BSV. With new projects being announced on a regular basis, the number will soon surpass 400.
https://bitcoinassociation.net/bitcoin-sv-bsv-development-rapidly-grows-to-nearly-400-ventures-projects-worldwide/
https://bitcoinassociation.net/bitcoin-sv-bsv-development-rapidly-grows-to-nearly-400-ventures-projects-worldwide/
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. 
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
This is a dead coin and just ignore anything about this coin. BCH is a little bit better but it has no difference with BSV as it has already created for the agenda that has already made by Jihan and roger in the past. People were not feeling bullish with this coin and it's just exchange site who was doing washtrading to pump this crap coin. 
well i think the recent pump is done by now,because check the coinmarketcap here
https://coinmarketcap.com/ you can see that while almost all crypto is pumping your BitcoinSilver is dumping now.
and besides it is because of the growth of Bitcoin thats why there is a movement on all Fork Bitcoin currency (though BSV really breaks the silence for week now)
https://coinmarketcap.com/ you can see that while almost all crypto is pumping your BitcoinSilver is dumping now.
and besides it is because of the growth of Bitcoin thats why there is a movement on all Fork Bitcoin currency (though BSV really breaks the silence for week now)
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
or maybe this is His diversion ?since for sure in February there will be a big changes may happen to His life after the Court hearing .
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
Wait until next month for the court to decide the fate of CSW.
And most likely, everyone's sentiment is very negative on that and sure that will also have a negative impact to BSV. From the very start, I'm not interested to this coin and the others as well. Those who think that it is a worth investment, think again, think many times before devoting your money in it.
And most likely, everyone's sentiment is very negative on that and sure that will also have a negative impact to BSV. From the very start, I'm not interested to this coin and the others as well. Those who think that it is a worth investment, think again, think many times before devoting your money in it.
Imagine being bearish on BSV
I don't have to imagine it. Yes the volatility makes it a superb coin for short-term trading, and people can and are making huge money from it.
But long-term I'm still very skeptical. Maybe it is good, maybe it's not. The problem is that the fortunes of BSV are too tied in to the cult of Craig Wright. Look at the recent surge because of the Tulip
Also why is it called Bitcoin SV, when it should be called Bitcoin CWV? It's Craig Wright's vision, isn't it, rather than Satoshi's? Because obviously these are not the same person...
It's been 10 years and Bitcoin still doesn't have human readable addresses.
BitcoinSV it's been 1 year and there's already HandCash
https://medium.com/@handcash/introducing-handcash-connect-its-time-to-build-better-bitcoin-apps-2f8e20eb5928
https://handcash.io/
Don't knock it before you try it.
INNOVATION AT IT'S FINEST
If you can't see why BSV is going to win, just end it.
BitcoinSV it's been 1 year and there's already HandCash
https://medium.com/@handcash/introducing-handcash-connect-its-time-to-build-better-bitcoin-apps-2f8e20eb5928
https://handcash.io/
Don't knock it before you try it.
INNOVATION AT IT'S FINEST
If you can't see why BSV is going to win, just end it.
Look excited with investing in BSC coin because every day always growing to higher price, last weeks third time BSV can raise to higher price and keep going and down depend with demand and supply of BSV coin, most excited because BSV could raise with higher price above 50% and looks most profitable investment coin.
BitcoinSV will be extremely bullish till March
Put your bias aside and make money.
If you're so sure of yourself make sure to short BSV with maximum leverage over at KuCoin / CoinEX
Put your bias aside and make money.
If you're so sure of yourself make sure to short BSV with maximum leverage over at KuCoin / CoinEX
Oh, I'm not saying you can't make any money off of it. In fact, I have made a little bit during the big rise last week. What I'm saying is that I don't trust it to hold long term. There's just too much manipulation going on there and I think people will get tired of it at some point and move on elsewhere. If you can make a quick buck during one of these little pumps, then by all means, go right ahead. I wouldn't suggest holding it for several years though.
BitcoinSV will be extremely bullish till March
Put your bias aside and make money.
If you're so sure of yourself make sure to short BSV with maximum leverage over at KuCoin / CoinEX
Put your bias aside and make money.
If you're so sure of yourself make sure to short BSV with maximum leverage over at KuCoin / CoinEX
Dummy boys can't see that utility is the only thing that matters and trading on exchanges =/= UTILITY
https://bitcoinsv.com/en/why-bsv
https://bitcoinsv.com/en/why-bsv
BSV is a joke, that will slowly die in the coming years. The only reason people buy it, is because they follow Craig Wright like sheeps 
Believing he is the "real Satoshi", which he isn't, otherwise he would off have proven it long ago.
BSV may have many transactions, but it really doesn't matter, I know of no one who uses it, and it honestly wouldn't surprise me if Craig is sending out the majority of those transactions as "micro transactions" to prove something it's not.
It's basically a trash fork, see way more value in Bitcoin Cash to be honest, and that's saying a lot.
There is only one Bitcoin, and even that is old and outdated - Moving forward I believe projects with actual use cases will dominate even more.
Blocknet and their DEX https://blockdx.com/ is a project I've been following for a long time. Their work on decentralized oracles, and their decentralized structure made the coin double in price the past week, which is showing bullish signs.
Believing he is the "real Satoshi", which he isn't, otherwise he would off have proven it long ago. BSV may have many transactions, but it really doesn't matter, I know of no one who uses it, and it honestly wouldn't surprise me if Craig is sending out the majority of those transactions as "micro transactions" to prove something it's not.
It's basically a trash fork, see way more value in Bitcoin Cash to be honest, and that's saying a lot.
There is only one Bitcoin, and even that is old and outdated - Moving forward I believe projects with actual use cases will dominate even more.
Blocknet and their DEX https://blockdx.com/ is a project I've been following for a long time. Their work on decentralized oracles, and their decentralized structure made the coin double in price the past week, which is showing bullish signs.
It seems like the general sentiment of people on the forum here is that they're tired of the price manipulation that's been going on with it lately. More than likely, this is going to keep happening and more and more people are going to get tired of it and abandon the project all together. If they keep operating how they've been operating with the lies and deceit, then I just don't see BSV going anywhere in the future. No matter how strong the project really is.
Yes, that's my position really. Its price behaviour is that of a shitcoin, and always has been. This trumps any actual merits of the project for me. If it behaves like a pointless scam coin, then it will be treated as such.
So much negativity about this coin, so no reason to be bullish. Better invest alternative coins, I wonder how they maintain to be on top 10 marketcap with all these negative sentiments. I understand that the network can process better but they should cut the drama.
Even the positivity is fake from this coin. You have a founder who keeps putting out good news that turns out to be false news and he does not have even the honesty to tell us it was fake,,, it is usually his lawyer or someone else on his behalf who admits it. Then he goes and does more fake stuff. How on earth can anyone be bullish about it?
the more reasonable reason in my opinion is the pump, where people like to make profits and become FOMO, just look at the increase in the price of bitcoin and other crypto 1% to 5%, suddenly the price of BCH and BSV is always superior to go up higher overcome 10% , but when the crypto market price dropped and bitcoin dropped a few percent, BCH and BSV dropped even faster and more drastically than others, in my opinion it was the panic attitude of the pump
I am fully bullish on BSV.
I bought when it was 50$ per coin, i will sell some when i am 10x on my investment and the first thing i will do with my profits is travel to the Philippines, i have heard many good things about it from my good friend nutildah
I bought when it was 50$ per coin, i will sell some when i am 10x on my investment and the first thing i will do with my profits is travel to the Philippines, i have heard many good things about it from my good friend nutildah
Be careful aiming that high a growth with Bitcoin SV. You bought them at $50 and will plan to sell some when it only grows x10? So you will only sell them when it reaches $500? Do you think it will really reach that high? You might end up selling them at $1.
I am fully bullish on BSV.
I bought when it was 50$ per coin, i will sell some when i am 10x on my investment and the first thing i will do with my profits is travel to the Philippines, i have heard many good things about it from my good friend nutildah
I bought when it was 50$ per coin, i will sell some when i am 10x on my investment and the first thing i will do with my profits is travel to the Philippines, i have heard many good things about it from my good friend nutildah
Because it has utility. Look up the Genesis Upgrade and Teranode project on BSV
Which the feature that can be defined as utility from BSV. I see no utility on BSV and this is a coin with a very huge washtrading volume. i have already noticed that if you have created an old thread about this and then delete the old one to create this one again. I think there are only a very limited number of stores that accept Bitcoin SV. So this is not really a token that is utilized.
Bitcoin SV is just like an ornament in crypto. Nobody uses it.
Because it has utility. Look up the Genesis Upgrade and Teranode project on BSV
Which the feature that can be defined as utility from BSV. I see no utility on BSV and this is a coin with a very huge washtrading volume. i have already noticed that if you have created an old thread about this and then delete the old one to create this one again. 
This topic has been a FOMO type of post, and there are a lot of things that could be reasons to be bullish on anything. You could list out all the advantages of any cryptocurrency over the other. Still, the reality is, it's never going to stick because of the power of Bitcoin being the initial cryptocurrency to have been here.
I have seen this a couple of times like:
The list above is somehow the generalized type of what a "good" cryptocurrency is; still, it's not entirely going to work just because there are more people invested in Bitcoin now than any other crypto. That's a fact.
I have seen this a couple of times like:
- This is how it should be used
- People are accepting it as a currency
- Complies with regulations, etc
- Repeating content about regulation making sure that it's well-read and emphasized
The list above is somehow the generalized type of what a "good" cryptocurrency is; still, it's not entirely going to work just because there are more people invested in Bitcoin now than any other crypto. That's a fact.
The market capital difference between BCH and SV (according to Coinmarketcap) is around $1 billion, it seems SV is gaining ground on BCH. Why are investors still happy to buy SV?
So much negativity about this coin, so no reason to be bullish. Better invest alternative coins, I wonder how they maintain to be on top 10 marketcap with all these negative sentiments. I understand that the network can process better but they should cut the drama.
We all know what is the current situation is going on in Bitcoin SV because those things have helped lot of hype to Bitcoin SV and those drama still it is continuing untill Bitcoin SV trap more investor into Bitcoin SV until we get many updates and news about Bitcoin SV so we have to stay away from Bitcoin SV because it is not safe for investor funds.
Can't wait till all you bozos FOMO in at the top when you realized you've been duped
Not going to happen to me but I don't know to some other people because it seems like they are being manipulated by something that makes them to hype this coin. People should see where is the owner of this coin and what is he doing. I don't think everyone knows that the owner is the faketoshi claiming to be the real Satoshi. 
Did we forget what Bitcoin was meant to do?
As for me a major reason is as hedge for the crippling inflation fiat/stablecoins suffers.
Soon 90% of all Bitcoins on the market the rest distributed until 2040 by new coin supply halving every 4 years.
Can't wait till all you bozos FOMO in at the top when you realized you've been duped
Government compliant? Where on earth did this happen? You do realise the founder is in court right now right?
Aims to work with existing establishments and yet also claims is closest protocol to original bitcoin. Did you read the whitepaper and where does it say this original intention is to work with existing establishments? Did we forget what Bitcoin was meant to do?
Aims to work with existing establishments and yet also claims is closest protocol to original bitcoin. Did you read the whitepaper and where does it say this original intention is to work with existing establishments? Did we forget what Bitcoin was meant to do?
*snip*
I think in hindsight BSV will be the obvious winner of the protocol wars.
I think in hindsight BSV will be the obvious winner of the protocol wars.
Or have you though if the possibility that you have been lied to you? Maybe check all the earlier debunked claims that Graig has done and ask yourself which outcome is more probable.
Huh ?
U crazy enough to believe it happen, or u actually crazy saying BSV will be the obvious winner of the protocol wars.
or u get a bsv trap by buying it on the high price.
I think this guy is psychologically unstable when investing. Most new investors often get fomo from the technology of a certain coin and they do not understand the technology. Every day they are cheering in crowded groups to promote the coin, but they do not know that they are tolerating the whales preparing to manipulate prices. For me, BSV is nothing real. everything was created by the imagination of the community and the price increase was due to the manipulation of Craigt. It is best not to join the BSV, invest safely. U crazy enough to believe it happen, or u actually crazy saying BSV will be the obvious winner of the protocol wars.
or u get a bsv trap by buying it on the high price.
Outside of all these factors, which do not really make Bitcoin SV a serious project, Bitcoin SV is still nothing but a fork of Bitcoin Cash which is also a fork of the original and one and only Bitcoin. Bitcoin SV belongs to a much lower rank. It should be competing with Bitcoin Cash rather than Bitcoin itself.
Reasons to be bullish on BitcoinSV
There is no reasons. BSV is a copy of Bitcoin. It is also a blockchain copy, that is only reason is so much talk about it. Sole reason it exist is to make Bitcoin holders richer. On long term there is no way any copy/paste of Bitcoin will survive, since they are not fundamentally different. There are 10000 such coins. Many already dead.
The only reason anyone is even talking about this coin is Craig Wright. For whatever reason, there's a large group of people out there that believe everything he and his team say and hang on every word. If it weren't for him, we probably wouldn't even be talking about BSV right now. I think eventually people will get tired of all of the manipulation coming from his side and get away from this thing once and for all.
Yeah maybe there is still a group of people who are still talking about BSV and that is part of a large group so prices can be manipulated by them so this can happen with the increase.
Craig Wright was able to awaken BSV and investor confidence was focused on him so that many glanced from small traders to large.
Will BSV last long at the current price or just drop in the next few months?
non of this reasons really makes BSV superior to other projects
its just some stuff you can tell about 100 other coins
in other hand i can give you a long list of things that tells you why NOT to be bullish on BitcoinSV
that you can not tell about other legit projects.
its just some stuff you can tell about 100 other coins
in other hand i can give you a long list of things that tells you why NOT to be bullish on BitcoinSV
that you can not tell about other legit projects.
Reasons to be bullish on BitcoinSV
There is no reasons. BSV is a copy of Bitcoin. It is also a blockchain copy, that is only reason is so much talk about it. Sole reason it exist is to make Bitcoin holders richer. On long term there is no way any copy/paste of Bitcoin will survive, since they are not fundamentally different. There are 10000 such coins. Many already dead.
The only reason anyone is even talking about this coin is Craig Wright. For whatever reason, there's a large group of people out there that believe everything he and his team say and hang on every word. If it weren't for him, we probably wouldn't even be talking about BSV right now. I think eventually people will get tired of all of the manipulation coming from his side and get away from this thing once and for all.
Reasons to be bullish on BitcoinSV
There is no reasons. BSV is a copy of Bitcoin. It is also a blockchain copy, that is only reason is so much talk about it. Sole reason it exist is to make Bitcoin holders richer. On long term there is no way any copy/paste of Bitcoin will survive, since they are not fundamentally different. There are 10000 such coins. Many already dead.
$BSV
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
Is there a law that states Bitcoin SV is being accepted and is legal while the rest of the cryptocurrencies are not?
Actually utilized? The original Bitcoin is more utilized.
Closest protocol to the Original Bitcoin? That means it is not the original Bitcoin. Is that an admission?
Yes. BSV is not the original but its the closest protocol to the Original Bitcoin. Basically that means its con is also an impostor like Craig. I couldn't believe my eyes but I will have to understand if he bought BSV after its hit its ATH he would try to defend it. It common for facebook users to believe Craig as satoshi than the people in bitcointalk because its in social media that they can convince someone.
This is such a joke. What is BSV being used? For scamming? I mean, wtf seriously. If anyone is so blind they can't see what is going on then I am really starting to doubt human race.. This is one big feud that is going to end up in courts and the guy behind it will be a clown and meme forever. There should be huge red alert against this coin and It is beyond my imagination how anyone would want to waste time upon it. It is not preferred solution for either cash or dapps. It is just bad at what it's supposed to be doing and only reason is the media shitstorm created by the man..
You all literally retards
BSV has more txns / per sec than the other two protocols combined clearing showing higher utility
This is such a joke. What is BSV being used? For scamming? I mean, wtf seriously. If anyone is so blind they can't see what is going on then I am really starting to doubt human race.. This is one big feud that is going to end up in courts and the guy behind it will be a clown and meme forever. There should be huge red alert against this coin and It is beyond my imagination how anyone would want to waste time upon it. It is not preferred solution for either cash or dapps. It is just bad at what it's supposed to be doing and only reason is the media shitstorm created by the man..
You all literally retards
BSV has more txns / per sec than the other two protocols combined clearing showing higher utility
Huh ?
U crazy enough to believe it happen, or u actually crazy saying BSV will be the obvious winner of the protocol wars.
or u get a bsv trap by buying it on the high price.
U crazy enough to believe it happen, or u actually crazy saying BSV will be the obvious winner of the protocol wars.
or u get a bsv trap by buying it on the high price.
This is such a joke. What is BSV being used? For scamming? I mean, wtf seriously. If anyone is so blind they can't see what is going on then I am really starting to doubt human race.. This is one big feud that is going to end up in courts and the guy behind it will be a clown and meme forever. There should be huge red alert against this coin and It is beyond my imagination how anyone would want to waste time upon it. It is not preferred solution for either cash or dapps. It is just bad at what it's supposed to be doing and only reason is the media shitstorm created by the man..
$BSV
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
Is there a law that states Bitcoin SV is being accepted and is legal while the rest of the cryptocurrencies are not?
Actually utilized? The original Bitcoin is more utilized.
Closest protocol to the Original Bitcoin? That means it is not the original Bitcoin. Is that an admission?
It seems like the general sentiment of people on the forum here is that they're tired of the price manipulation that's been going on with it lately. More than likely, this is going to keep happening and more and more people are going to get tired of it and abandon the project all together. If they keep operating how they've been operating with the lies and deceit, then I just don't see BSV going anywhere in the future. No matter how strong the project really is.
Exciting month ahead. Time to show what we have built. Imagine being bearish on BSV
4th of February: Genesis Update
9th-16th of Feb: CambrianSV Camp
20th & 21th of Feb: Coingeek Conference London
$BSV
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
https://www.bsvdevs.com/
An article of Favorite Apps on the BSV Chain that work NOW and TODAY: https://bryandaugherty.net/my-favorite-metanet-applications-tools-and-ways-to-earn-use-bitcoin/
https://twetch.app is an example of on-chain scaling at $BSV. Not on $BTC. Imagine an ad free environment in Apps. The power of pre-payments also shifts to the buyer instead of the vendor simultaneously lowering costs and improving the content. Twetch App is approaching 10,000 users.
Twetch describes itself as a decentralized social network that lets you own your data & earn money for your content. DM their twitter account for access to private beta & sign up at http://twetch.com
https://twitter.com/twetchapp
UptimeSV is Distributed, crowdsourced network intelligence. The first network intelligence service to collect real, verifiable user data and pay nodes for doing so, in realtime.
https://uptimesv.com/
Tokenized is the easiest and safest way to issue, manage and trade security and utility tokens on the Bitcoin SV network.
Money Button is a wallet that grants you access to the BSV blockchain of the bitcoin network. It is completely non-custodial, so you are in charge of your keys, coins and financial sovereignty! Money Button works wonderfully as a peer-to-peer payments tool with a simple, functional interface, and a very easy-to-learn interface: Enter an address and slide to pay. Simple. Human-readable addresses and handles!
https://www.moneybutton.com
Build your City on Chain!
https://cityonchain.com/
An example of low fees on BSV:
PS how crazy is this:
$10 between 200 people, fee of approx 3c (at 1sat/byte)
391 outputs.
Nuts. Just crazy,
And.... it is going to get WAYYY cheaper.
https://twitter.com/riverish333/status/1220824688366059523
Why build on Bitcoin SV?
Bitcoin SV is Bitcoin with the original protocol. It can be used for money, but also as a development platform.
Creative developers and entrepreneurs are taking advantage of Bitcoin SV's unique capabilities to build amazing businesses and products. They're choosing BSV because:
A stable protocol decentralizes power and enables builders to focus on long-term goals, like creating better customer experiences
Large blocks allow Bitcoin to scale to handle the world's traffic
Microtransactions enable entirely new classes of business models
Bitcoin SV is ready for what you want to build—the only limit is your imagination.
I think in hindsight BSV will be the obvious winner of the protocol wars.
4th of February: Genesis Update
9th-16th of Feb: CambrianSV Camp
20th & 21th of Feb: Coingeek Conference London
$BSV
- Government compliant
- Aims to work with existing establishments
- Closest protocol to the Original Bitcoin
- Scales
- Apps can be built on top of it
- Videos and images, on chain forever
- Actually utilized
- Works within law
https://www.bsvdevs.com/
An article of Favorite Apps on the BSV Chain that work NOW and TODAY: https://bryandaugherty.net/my-favorite-metanet-applications-tools-and-ways-to-earn-use-bitcoin/
https://twetch.app is an example of on-chain scaling at $BSV. Not on $BTC. Imagine an ad free environment in Apps. The power of pre-payments also shifts to the buyer instead of the vendor simultaneously lowering costs and improving the content. Twetch App is approaching 10,000 users.
Twetch describes itself as a decentralized social network that lets you own your data & earn money for your content. DM their twitter account for access to private beta & sign up at http://twetch.com
https://twitter.com/twetchapp
UptimeSV is Distributed, crowdsourced network intelligence. The first network intelligence service to collect real, verifiable user data and pay nodes for doing so, in realtime.
https://uptimesv.com/
Tokenized is the easiest and safest way to issue, manage and trade security and utility tokens on the Bitcoin SV network.
Money Button is a wallet that grants you access to the BSV blockchain of the bitcoin network. It is completely non-custodial, so you are in charge of your keys, coins and financial sovereignty! Money Button works wonderfully as a peer-to-peer payments tool with a simple, functional interface, and a very easy-to-learn interface: Enter an address and slide to pay. Simple. Human-readable addresses and handles!
https://www.moneybutton.com
Build your City on Chain!
https://cityonchain.com/
An example of low fees on BSV:
PS how crazy is this:
$10 between 200 people, fee of approx 3c (at 1sat/byte)
391 outputs.
Nuts. Just crazy,
And.... it is going to get WAYYY cheaper.
https://twitter.com/riverish333/status/1220824688366059523
Why build on Bitcoin SV?
Bitcoin SV is Bitcoin with the original protocol. It can be used for money, but also as a development platform.
Creative developers and entrepreneurs are taking advantage of Bitcoin SV's unique capabilities to build amazing businesses and products. They're choosing BSV because:
A stable protocol decentralizes power and enables builders to focus on long-term goals, like creating better customer experiences
Large blocks allow Bitcoin to scale to handle the world's traffic
Microtransactions enable entirely new classes of business models
Bitcoin SV is ready for what you want to build—the only limit is your imagination.
I think in hindsight BSV will be the obvious winner of the protocol wars.
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