/biz/ - Business & Finance

>>16404401

Craig Wright partnered with Billionaire Calvin Ayre see the destruction of the BTC fork of Bitcoin to be their short-term top priority. They intend to do this by building up a majority of the hashpower on the BTC chain in stealth by hiding their hash on other pools, over time as the difficulty increases existing BTC miners will go out of business and stop mining, further increasing their percentage of hash, Craig and Calvin can also afford to mine at no profit or at a loss. Mining is a Red Queen game so hardware gets outdated very quickly, because of this all of Bitmain’s old hardware is obsolete, by mid-2020 only 10nm and 7nm machines will matter, this is what Coingeek and Squiremining have been investing in heavily.

The purpose of this? In May 2020 BTC will have a halving and enter its 4th Reward Era, lowering the block subsidy to 6.25 BTC per block. Craig and Calvin intend to pull all their hash over to BSV after this happens causing a chain death spiral event in BTC while selling the Satoshi coins and buying BSV, this will cause the price of BTC to crash to $1-100 and the price of BSV to skyrocket. The BTC chain will eventually recover from its chain freeze after a few months but it will be forever crippled and BSV will be shown to be the real Bitcoin.

Here's the real crypto redpill:

Craig Wright is unironically Satoshi Nakamoto. Blockstream - owned by Bilderberg group - intentionally crippled BitCoin by refusing to raise the blocksize cap as was the original design, this caused the adoption and growth in BitCoin to stagnate and collapse due to the artificially high transaction fees imposed by tiny blocks. BitCoin would be at least $50,000 by now if it wasn't for Blockstream, they don't want BitCoin to challenge the central banking system which Craig has spoken out against multiple times.

The original BitCoin protocol lives on as Bitcoin SV (Satoshi's Vision). Craig's company nChain has been hard at work to eliminate the CPU bottleneck in the Bitcoin node software which was originally only single-threaded, rumour has it BSV miners are upgrading to Xeon Phi processors (64 cores) which the code is now being optimised for (thanks to the work by Steve Shadders). This is due to be finished by February 2020 for the Return to Genesis upgrade which will remove all limits in the BSV protocol code and lock down the protocol, with the software limitations removed BSV will be ready for unbounded scaling with the short term goal of sustained 1 Terabyte blocks and millions of transactions per second.

This breakthrough in cheap free-flowing data and sound instant money will create a 4th Industrial Revolution as companies compete to start making ever more powerful computers, faster bandwidth, cheaper and more electricity to mine the Bitcoin blockchain. Mining will be the biggest and most advanced industry on Earth, an expected Bitcoin price of millions of dollars is not unreasonable at this level of scale.

>>16191067

Here's the real crypto redpill:

Craig Wright is unironically Satoshi Nakamoto. Blockstream - owned by Bilderberg group - intentionally crippled BitCoin by refusing to raise the blocksize cap as was the original design, this caused the adoption and growth in BitCoin to stagnate and collapse due to the artificially high transaction fees imposed by tiny blocks. BitCoin would be at least $50,000 by now if it wasn't for Blockstream, they don't want BitCoin to challenge the central banking system which Craig has spoken out against multiple times.

The original BitCoin protocol lives on as Bitcoin SV (Satoshi's Vision). Craig's company nChain has been hard at work to eliminate the CPU bottleneck in the Bitcoin node software which was originally only single-threaded, rumour has it BSV miners are upgrading to Xeon Phi processors (64 cores) which the code is now being optimised for (thanks to the work by Steve Shadders). This is due to be finished by February 2020 for the Return to Genesis upgrade which will remove all limits in the BSV protocol code and lock down the protocol, with the software limitations removed BSV will be ready for unbounded scaling with the short term goal of sustained 1 Terabyte blocks and millions of transactions per second.

This breakthrough in cheap free-flowing data and sound instant money will create a 4th Industrial Revolution as companies compete to start making ever more powerful computers, faster bandwidth, cheaper and more electricity to mine the Bitcoin blockchain. Mining will be the biggest and most advanced industry on Earth, an expected Bitcoin price of millions of dollars is not unreasonable at this level of scale.

>>13482581
>something big is about to happen

It's me again. How are you guys hodling up?

>>13451144

>>13401297
STIFF

>>13401286
Thanks, it's awsome. My Craig folder grows bigger and more powerfull everyday

Please stop STIFF posting. I'm not done accumulating

>Right now, you haven’t seen what is coming, and people think that Bitcoin and blockchain is the big invention, but it’s just a Lego block.
>It’s a Lego block that was needed in the creation and that if not available, if not solved, and if not incentive based would not have led to solutions that will create the Metanet.

>>12829356
just bought 100k

>>12335652

>>12245258
IS

Vishnu memes aside, you guys do realize he is unironically Satoshi, right?

>mfw too smart for /biz/

>>12105860
They won't have a choice. The overwhelming value proposition will force their hand.