/biz/ - Business & Finance

Can you explain to me like I'm 5?

>>18542247
A couple of mining groups on BSV have branched out into fiat payment systems that use Bitcoin as the ledger for the payment system. It saves them on overhead so they can compete with other payment processors and allows retards who dont understand or care about Bitcoin to use it without even knowing they're using it.

>>18542285
Huh with BSV you just win I guess.

>>18542218
the *decentralized* block chain tech is the only good part about it.
smart ones already knew this.
and if it not a distributed, decentralized block chain, then its no better than just letting a central bank control everything

of course the powers that be will never adopt or otherwise endorse a decentralized block chain for anything "official" because it removes their ability to manipulate, monitor and control every breath you take

>>18542309
you win insanity points and tranny points mostly

>>18542342
Sounds like you win the cope award.

>>18542410
there is nothing to cope with bchsv proves itself to be the useless shitcoin we always knew it was nicely

>>18542448
It's only been proven to work.

>>18542218
Like Liquid side chain?

>>18542285
Makes sense, first time something about crypto makes sense, holy cow sweet vishnu

>>18542474
No, nothing like a "sidechain" which is a misnomer.

>>18542218
Thanks, i will invest in miner heated greenhouses

>>18542716
Actually not a bad idea. If I had the resources I'd build a farm in Greenland or some shit and use the heat from the miners to heat my home and pot farm.

>>18542461
lolno it's proven to be a useless p&d shitcoin

>>18542772
Just saying things on a Taiwanese Hello Kitty enthusiasts forum doesn't make it true.

>>18542752
it's a pretty bad idea as heat exchangers are about 400% more efficient than direct electric heating.

>>18542667
But if bsv is a centralized chain that is patented and owned, why even run it as a blockchain at all?

>>18542835
Theres plenty of competing mining groups on BSV and patented systems on BSV doesn't mean BSV is owned by anyone. Just that if you try and use those systems on your chain then you have to pay royalties to the owner of the patent. Blockstream has patents to be used for only BTC ffs.

>>18542218
>The only miners who will make it in the coming years are those who diversified into other services that still utilize the [NCHAIN] blockchain.

Nchain coin is shit

>>18542947
we will see if any crypto patents are worth a damn i have my doubts. but i think all this talk about services and alternate source of income for miners is just a big cope with the sinking realization that mining bch and bchsv will not be profitable in itself.

>>18542947
The competing groups are all owned by calvin ayre though so what's the point?

>>18543024
>alternate source of income for miners is just a big cope

Yes. This isn't unique to BSV. BTC is only 5% more profitable to mine right now than SV and BTC hasn't halved yet (SV has). Couple that with SV miners diversifying into fiat payment systems that is Bitcoin as a backend and SV is looking to come out of this smelling like roses once BTC halves.

>>18543101
Don't give a fuck retard. BSV will make anons millionaires. You can enjoy your fully decentralized bags of shit and poverty.

>>18543101
https://sv.coin.dance/blocks

Why do you lie so much?

>>18543147
>You can enjoy your fully decentralized bags of shit and poverty.

Kek

>>18543147
The pumpkin man cometh

>>18543147
Meh. Link steadily outperforms that turd no matter how much you polish it.

>>18543216
>a fucking token

>>18543230
a fucking token that has steadily outperformed your polished turd

>>18543216
For now, Craig patented link so long term you’re ducked

>>18543251
I'm sure holding bags of premined shit won't have any consequences. Never selling amirite, bet you cant wait for omg staking!!11111

>>18543287
>I'm sure holding bags of premined shit won't have any consequences
Likewise

>>18543146
>BTC is only 5% more profitable to mine right now than SV
that percentage jumps all over the place but averages out to zero.
it's a number without any true meaning. for one hashrate is estimated at best. no exact measures are available.
second profitability will always even out between the forks of the same mining algo.

>>18543257
Isn't Craig running the insanity plea today? That plan of his is backfiring tremendously.

>>18543301
>Bitcoin
>premine

>>18543302
Do you not see the problem? BTC should be massively more profitable at the moment and its not. What do you think will happen once it halves?

>>18543302
assuming of course that there are miners willing to jump forks at moments notice and have no loyalty. subsidy and brand loyalty can distort this highly efficient game.

>>18543328
>BTC should be massively more profitable at the moment and its not.
it is for the majority of the miners but mining is a game where new hashpower will enter until it makes mining at a price unprofitable. if price moves up new hashpower enters until it's unprofitable again. and so on. the halving is problematic but the majority of bitcoins hashpower has a breakeven at $5k or lower. if btc is above $10k pre halving it will be more than fine if not we will see what happens.
all i know is the shitforks hashrate halved as predicted in their halving.

>>18542474
kek

>>18543398
https://satoshi.nakamotoinstitute.org/posts/bitcointalk/535/
satoshi was a sidechains guy fyi

>>18543442
he also basically described atomic swaps

>>18543333
>Ooh yes I'll keep mining BTC at a loss and make no money because I'm loyal to fucking pixels

Said no Chinaman ever

>>18543398
WHO HAS THE SPV PATENTS. I THINK I KNOW THE ANSWER ALREADY AND I AM SO STIFF I'M LOSING SKIN.

>>18543532
no i'm talking about taal and the likes. serious btc miners don't jump chain they just shut miners off or short hedge their future income.

>>18543147
Holy BASED

>>18543550
patents or no spv only works on bitcoin as intended none of the bch forks can do it in a secure and trustless manner.

>>18543442
yes, that might be, but there will be no sidechains on BTC.... patent denied to Adam Back and Greg Maxwell. Liquid is built on quicksand.

>>18543707
>>18543628

NGMI!!!