/biz/ - Business & Finance

There are like a dozen huge projects on BSV that few on /biz/ even know about

Real projects too, not LINK-tier cockteasing

not all of us, you should have done your research though regardless

>>16822956

None of you have any idea what's coming

Bitcoin BSV solves a really interesting problem: ‘how do you pay for, and get paid for computation?’ By putting digital money inside distributed computing instructions and creating an open market where miners could compete for the fees inside the instructions, Satoshi created an incentive driven system to create an entirely new form of distributed computing. Bitcoin is a super computer, where miners are incentivised to build stronger, faster cheaper computers to process instructions, not merel pass money between Alice and Bob.

2014 saw the emergence of ‘smart contracts’ which allow for conditional payments to be made on receipt of confirmation that other work has been done, but smart contracting must operate in a massively parallel environment where competing nodes can race to do the computations. When constructed properly the kind of computational work that can be done by miners in this manner is virtually unlimited. A paid-for instruction could for example be fetching a piece of data for a user when executing a google search, or even rendering some graphics.

So this leads us into an entirely new economy, an economy that is ‘data-driven’ because it is a truly competitive global financial system which can represent any kind of financial instrument and calculate that instruments’ relationship to the world in close to real time. It’s competitive because it makes microtransactions possible and affordable, and because the quantity and speed of possible contracts that can be executed is dictated by how much profit miners can make. So the better they are, the faster the ‘bitcoin computer’ is.

The more successful the bitcoin BSV system is, the more it will tend to account for other less secure and less able systems in the fractured and often unaccountable global economy.

Bitcoin BSV solves a really interesting problem: ‘how do you pay for, and get paid for computation?’ By putting digital money inside distributed computing instructions and creating an open market where miners could compete for the fees inside the instructions, Satoshi created an incentive driven system to create an entirely new form of distributed computing. Bitcoin is a super computer, where miners are incentivised to build stronger, faster cheaper computers to process instructions, not merel pass money between Alice and Bob.

2014 saw the emergence of ‘smart contracts’ which allow for conditional payments to be made on receipt of confirmation that other work has been done, but smart contracting must operate in a massively parallel environment where competing nodes can race to do the computations. When constructed properly the kind of computational work that can be done by miners in this manner is virtually unlimited. A paid-for instruction could for example be fetching a piece of data for a user when executing a google search, or even rendering some graphics.

So this leads us into an entirely new economy, an economy that is ‘data-driven’ because it is a truly competitive global financial system which can represent any kind of financial instrument and calculate that instruments’ relationship to the world in close to real time. It’s competitive because it makes microtransactions possible and affordable, and because the quantity and speed of possible contracts that can be executed is dictated by how much profit miners can make. So the better they are, the faster the ‘bitcoin computer’ is.

The more successful the bitcoin BSV system is, the more it will tend to account for other less secure and less able systems in the fractured and often unaccountable global economy.

>first mover advantage
>decade old proven tech
>backed by billionaires

76 BSV here, really hope I can get 100 before we take off