/biz/ - Business & Finance

[Anonymous No.28586090]

Tell me why it sucks without referring to CSW. On a technical level, why are people so adverse to this coin? It seems legit to me.

[Anonymous No.28586366]

The silence is very telling, self bump to give you guys a chance.

[Anonymous No.28586576]

bc the dude behind it

[Anonymous No.28586634]

>>28586090
BECAUSE GIGAMEGS!!! AAAHAHAHAHAHAHA cough cough wtf is this oh AAAHAHAHAHAHAHAAA

[Anonymous No.28586693]

>>28586090
bc the dragons logo is pretty gay ngl

[Anonymous No.28586751]

>>28586090
another pointless fork of bitcoin that will never be bitcoin

[Anonymous No.28586819]

>>28586751
based

[Anonymous No.28586901]

I'm still buying, not convinced to sell it yet.

[Anonymous No.28587041]

>>28586090
It does not sucks. It is currently the best technology out there.

bsv anger crypto community because expose their false narrative meanwhile scales and is turning complete.

it is because is based and legit that they attract it.

[Anonymous No.28587199]

>>28586751
Yes I mean how can you compete with 3-4 transactions per second. Hell, I can write that quickly.

Store of Value
Store of Value
Store of Value

[Anonymous No.28587279]

>>28586693
Fair point. It is gay, but is it gayer than a polkadot, a donut, a unicorn, or a dog?

[Anonymous No.28587317]

>>28586090
the market had decided it sucks
because it's worth less than 1% of BTC literally any miner could fuck the chain up in less than a day. all they'd have to do is go back a to some block mined a week ago and start mining empty blocks from there until the chain length exceeds the current chain length. then that becomes the new chain and all transactions that occurred during that week will have never happened

[Anonymous No.28587359]

>>28587199
3-4 transactions per second, if you can pony up and pay the $10 fee.

[Anonymous No.28587361]

How is it Satoshis Vision if Craig keeps changing shit from the white paper?
How the fuck will terabyte blocks propagate?

[Anonymous No.28587370]

>>28586090
There are plenty of low fee, fast transfer coins
Saying it's better than Bitcoin is a pretty low bar. Does it do anything other crypto doesn't?

[Anonymous No.28587555]

>>28587361
You broke my rules and mentioned CSW. What in the protocol changed? I'll let your comment slide this one time. The blocks will propagate the same way they do now, size restricion on data movement is a figment of your imagination, no barrior exists.

[Anonymous No.28587570]

BSV has Danny Trejo. We ready for the apocalypse.

[Anonymous No.28587611]

I have a lot of money in BSV. I discovered CSW shortly after the Cash/SV fork and initially thought he was Satoshi. I don't think that anymore, I think it's a bit more nuanced than that, but I still hold nothing but BSV. I simply don't understand why it isn't the real Bitcoin. Maybe it's because I learned so much about the space through the lens of a BSV bagholder but at this point I doubt it.
BSV is Bitcoin. Wright is probably some kind of deep-state patsy being put up to this, in the grand scheme of things it doesn't really matter. Put some away in cold storage and be patient for the market to figure out what you already know.

[Anonymous No.28587610]

>>28587370
Fair point, this is why I asked. Is there anything another crypto does that BSV can't do?

[Anonymous No.28587690]

>>28587199
Also getting token minting support soon

[Anonymous No.28587723]

Elon likes btc

[Anonymous No.28587784]

>>28587370
>Does it do anything other crypto doesn't?
Better phrased as is there anything any other crypto can do that BSV can't Answer no.

But I'll play the game

Can your Crypto do this ?
Think of how long a video normally takes to load before you click this.
George Carlin Video on BSV Blockchain -
This is an API call that takes the video right off the blockchain . Look how fast it loads
https://media.bitcoinfiles.org/a89cd6b4eb4d9f510a9a7adf21bfd84ee63e4d9a6e6f1da99e7d82718870a484

and 100 other things

[Anonymous No.28587791]

>>28587723
he also likes carbon credits, he is not our guy

[Anonymous No.28587871]

A twitter were you are paid to post
https://twetch.app

A Brokerless Exchange - Where you can buy Stocks, Commodities and Crypto
https://tdxp.app/market/BSV-USD

A gaming platform where you play instantly without download, and gain BSV while playing
https://satoplay.com/#!

Another crazy Game where you literally buy your city on planet earth and advertise, get citizens etc. 24/7
https://coingeek.com/cityonchain-build-your-city-build-with-bsv/

This Modern Game is ON the Genuine Bitcoin Blockchain right now.
https://www.cryptofights.io/

Slictionary - Define words and get paid - Compete against others to get the best definition. The Crowd Decides
https://www.slictionary.com/

Archive a webpage on the blockchain FOREVER
https://etched.page/

Add a money button to any website and get paid in 10 secs in BSV.
Money Button is a client-side Bitcoin SV (BSV) wallet in an iframe.
https://www.moneybutton.com/

[Anonymous No.28587882]

Oh look, the dumb fuck twitter jeets are shilling their broken shit project on biz for the 40,000th time

all fields

[Anonymous No.28587942]

>>28587784
How do i go about uploading a video? I want to put your blockstream NPC video on the blockchain.

[Anonymous No.28587972]

>>28586090
Because it is insecure and a complete shit coin. Nakamoto consensus is not the best designed anymore for what SV is trying to do. Ohh yeah and faketoshi is a charlatan profiting from its success.

[Anonymous No.28587997]

>>28587882
What exactly is broken? Please inform, will sell if its broken. Didn't the double spend happen on BTC?

[Anonymous No.28588010]

>>28586090
I believe CSW is Satoshi, or at least he owns Satoshi's stack now, but really what's the point in BSV? It offers a 'solution' to a problem that doesn't really exist. Even XRP and the ecosystem that is developing for stablecoins like Stellar, Algorand etc. are much more viable. At most, all CSW can do now is cause a flash crash on BTC, which would quickly be bought back up anyway. BSV itself, despite offering greater utility, won't achieve anything. It's too late in the game for any kind of significant adoption.

[Anonymous No.28588030]

>>28587942
https://bsvgalaxy.net/upload/

Lot's of other stuff here. It's coming fast and furious.
https://metastore.app/apps?sort=hot

[Anonymous No.28588032]

>>28587199
>Yes I mean how can you compete with 3-4 transactions per second.
How you guys this this is impressive is beyond me

NANO:
7000 transactions per second.
Confirmation in 1/2 second or less.
Zero fees.
Is scalable to infinity.
Useable as actual currency right now!
Problem solved.

[Anonymous No.28588066]

>>28586090
csw or calvin does not grant any cons to this coin, everything that matters is code

bsv problems:
>minority hashrate makes it vulnerable to chain re-writes
>unlimited blocksize tends to an infinite sync time, breaking the protocol
>not turing complete, requires external API for any apps
>shadder's anti bloat is a pathetic 'if else' bandaid solution, literal retard amateur shitcode
>forking is bad practice in general, it undermines the idea behind blockchain, and before you talk about segwit or whatever, the old bitcoin software connects to the btc chain, not yours, as every bitcoin upgrade is backwards compatible
>uncapping blocksize is a retarded and worthless scaling solution that doesn't really tackle the problem, it just remediates it and creates a bigger problem (sync)
>data dumping inside a chain is bad, if you want to data dump, create a separte blockchain and merge mine it

[Anonymous No.28588106]

>>28587359
This

[Anonymous No.28588132]

>>28588010
I sold my BTC back in 2018 because the problem of paying a $40 fee and not getting the coin in my wallet for over 4 days. Seems like something to fix, and they havent.

[Anonymous No.28588149]

>>28588032
No one said anything bad about Nano
The OP was asking about BSV.
I think you'll find most BSV'rs like Nano as well.
In all the BSV chatrooms everyone agrees that Nano is the other crypto to buy.

[Anonymous No.28588153]

>>28588032
Explain why anyone would use Nano, BSV or anything else for micropayments when stablecoins can and will do the job for normies worldwide?

[Anonymous No.28588157]

God bless that retard CSW. I had bsv but when he threw a temper tantrum and cried in court I immediately sold it and bought link instead. Got a 1.5k stack.

[Anonymous No.28588188]

poo

[Anonymous No.28588220]

>>28588157
So you admit the hatred is more about the man, and less about the tech?

[Anonymous No.28588411]

>>28588153
deflation give the coin scarcity, and thus value.

[Anonymous No.28588465]

>>28588220
Oh I don't care about bsv's usage at all. It could be useful, it could be shit, I don't know and don't really care. I'm just thankful he got me to make a better investment because of his uncaged autism and hissy fit. You can create something amazing but if the face of it is a disaster, people will avoid it.

I wish you all the best of luck in making it.

[Anonymous No.28588513]

>>28588066
>>minority hashrate makes it vulnerable to chain re-writes
un huh.. define "minority hashrate"
>>unlimited blocksize tends to an infinite sync time, breaking the protocol
Oh yes the infinity blockchain size.. What are data centers ?
>>not turing complete, requires external API for any apps
HAH! Is the next argument. it's not turing cause it don't loop ?
https://twitter.com/sinoTrinity/status/1355577117619044352
>>shadder's anti bloat is a pathetic 'if else' bandaid solution, literal retard amateur shitcode
My dad can beat up your dad.
>>forking is bad practice in general, it undermines the idea behind blockchain, and before you talk about segwit or whatever, the old bitcoin software connects to the btc chain, not yours, as every bitcoin upgrade is backwards compatible

>Quote from satoshi:
>It can be phased in, like:
>
>if (blocknumber > 115000)
> maxblocksize = largerlimit

>It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
> When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.

> Satoshi Nakamoto, on bitcointalk.org, October 04, 2010, 07:48:40 PM

>>uncapping blocksize is a retarded and worthless scaling solution that doesn't really tackle the problem, it just remediates it and creates a bigger problem (sync)
Yeah sorry your Raspberry Pi can't "help" the network. What was the arfument in 2017? Oh yeah, a 2mb block will BREAK bitcoin.

[Anonymous No.28588566]

>>28586090
Memecoin

[Anonymous No.28588628]

>>28588066
justify why it should be 1mb per 10 minutes but not 2 or .3

[Anonymous No.28588766]

>>28587784
>is there anything any other crypto can do that BSV can't Answer
So how would I go to the store to buy a loaf of bread, pay for it with BSV while 100000 other people around the world are trying to do the exact same thing, and pay no fees? BSV as almost every other crypto out there simply do not scale well. Nano was created to scale like Vis or Mastercard. It can do everything thhat BSV can do better and faster and with No fee at all. I can send 0.00000001 nano if I want with no fee and it will confirm immediately. No other coin can do that.

https://nano.org/en/

https://www.reddit.com/r/nanocurrency/comments/br8vlr/real_transaction_per_second/

[Anonymous No.28588900]

>>28588766
You are kidding right ?
World Record 16.4 Million transaction block on Bitcoin SV STN!
https://twitter.com/SaturnJS/status/1356912365229473794
----------------------------
309MB block on BSV Main Net. That's a new world record. Containing 1,178,322 transactions. That's 1,17 MILLION.
BTC has a 1mb Block size with a max cap of 7 transactions per second.
https://twitter.com/vires_numeris/status/1260319123583664128

[Anonymous No.28588906]

>>28588766
bsv scales
https://bitinfocharts.com/comparison/transactions-median_transaction_fee-btc-eth-bsv-sma90.html

fiat currencies will be built on it, people won't even know they're using it same way they don't know what internet protocol they use

[Anonymous No.28588958]

>>28588766
0-conf works because the miners get a block reward regardless of fee. Who would care about a double spend on bread? If they did care, just do what they do with cash now. What part doesn't scale well? I saw a 369MB block on chain full of a million transactions. I think you might just be shillig nano, which is fine, but show me the error in BSV scaling.

[Anonymous No.28589003]

>>28588411
so your argument is that it's a 'store of value' which can be spent
stablecoins will run on chains with similar scarcity
but it's much easier to market "USDC" for example, than "buy and spend with Nano" to normies
Stablecoins will win
and BTC wins the store of value meme for now
BSV / Nano have no chance, despite their superiority

[Anonymous No.28589048]

>>28588906
what fiat currency is going to run on BSV? Name one that's being developed
As far as i can see, stablecoins will use algorand, stellar, probably XRP once the SEC lawsuit is settled

[Anonymous No.28589098]

>>28589003
why even have the middle man? There is no reason to escape back to fiat just to deflate whats in your wallet. stable coins are also shady as fuck and i do not trust that tether has the fiat to back what it prints.

[Anonymous No.28589110]

>>28589003
bsv is the only blockchain that can handle the transactions required for a cuntry to use usdc is built on ethereum which can't scale.

xrp isn't a blockchain it's not proof of work

[Anonymous No.28589136]

>>28587611
wright is autistic so thinks he is making a profound point by pretending to be satoshi. But, he has an IQ of 3000 which makes BSV by far the best coin

[Anonymous No.28589202]

>>28589136
I said not to mention CSW, I have heard all the ad-hominin known to man directed at him, this is about the protocol.

[Anonymous No.28589227]

In the last satoj vision thread somebody said creg didn't have a phd which is untrue, he was awarded one in 2017 from CSU (shit uni btw).
That is all I have to say

[Anonymous No.28589229]

>>28589202
it's ok craig I like the coin

[Anonymous No.28589278]

>>28589048
Every coin will be wrapped. You can trade Forex right now in your wallet and it's instant.
https://tdxp.app/market/AUD-USD

[Anonymous No.28589292]

>>28589229
thanks greg, i need to hear that

[Anonymous No.28589305]

>>28589098
>why even have the middle man?
normies

>tether
not necessarily talking about tether as such, but digital fiat in general - CBDC's developed on blockchains for example

>>28589110
>xrp isn't a blockchain it's not proof of work
doesn't matter, once the SEC gives it the all clear it's much better positioned to assume the role than BSV, which has no reputation even in crypto world

i'm saying that as someone who generally agrees with CSW's takes

it's not about what's 'right' or 'just', but who wins

[Anonymous No.28589360]

>>28589278
and who is going to use it?

[Anonymous No.28589474]

>>28589360
No idea. I use BSV all day long now for real life purposes.
Stable coins are going to be a problem across the cryptosphere.
In the US The STABLE Act will require that any stablecoin issuer:
Obtains a banking charter.
Follows the appropriate banking regulations under the existing regulatory jurisdictions.
Notify and obtain approval from the Federal Reserve, the Federal Deposit Insurance Corporation and other banking regulator six months prior to issuing the stablecoin.
Obtain FDIC insurance or maintain reserves at the Fed to ensure that its stablecoins can be readily converted into USD on demand.

[Anonymous No.28589601]

>>28589305
Fair point, I'm thinking tech here, so you can go on about normie psychology and them needed a daddy to print their money and a milliary to protect them. But where has BSV failed? Show me the code where they fucked up.

[Anonymous No.28589602]

>>28589305
bsv will absorb everything the same way the internet did. It's an economic information protocol that the entire world can run on and enable new things that operate on microseconds and microcents

[Anonymous No.28589772]

>>28588900
>>28588900
You just said a whole bunch of nothing. These transactions weren't free, there are fees involved in every transaction. The blockchain just keep getting bigger and bigger unless it is self pruning which I am not aware of. Nano doesn't work like that. Every nano wallet address gets it's own blockchain, so it will never have that problem because a single wallet can never get so big that it becomes unusable. Nobody but miners run nodes anymore for bitcoin, the chain is just too big to be practical. Also I'd be interested in knowing how fast confirmations come with as close to zero fees with BSV. You're trying to make it sound as if 1.7 million transactions were confirmed in 1 second.. That's not the case.

[Anonymous No.28589824]

>>28588958
>but show me the error in BSV scaling.
Blockchain size

[Anonymous No.28589887]

>>28586090
Main difference between BTC, BCH and BSV is the block size. Yes, there are some other differences, but this one is the key.
Raising the block size is good because it increases transaction capacity, but can lead to some negatives like slower block propagation to new nodes and increase in the growth of the overall blockchain file.
So, the problem is to choose the optimum block size according to the current technological capabilities. BTC devs suck tranny cock on a daily basis, they cover their ears and tell that out of all the possible positive real numbers 1 MB happens to be the optimum size and that forever. BCH is not sure what the optimum size is, but are slowly increasing it from 1 MB. BSV is the tranny that BTC devs are getting their cumload from, BSV increases block sizes as much as they want to, questions come later.

[Anonymous No.28589904]

>>28589772
bitcoin makes a market of every packet. Google currently has immense infrastructure paid for by parasitic data harvesting and ad delivery business model.
The world run on bitcoin vs the world run on toddays intermediary racket internet will be like capitalism vs communism.
The market is more efficient

[Anonymous No.28589942]

>>28586090
You will never be a Bitcoin

[Anonymous No.28589949]

>>28589824
how should blocksize be determined?

[Anonymous No.28589986]

>>28589772
but you are wrong, there are zero fee transactions on BSV, in fact the average transaction fee is .0001 USD, as my image indicates. A node is by definition a miner, a non mining "node" is actually not a node, read the whitepaper. The chain is too big to be practical? Please tell me the limit on capicity of the entire ledger that is acceptable. Zero fee conf is instant, and confirms in the next block usually. 1.7 million tx were on the block in seconds, and it confirmed timely as all blocks do. nano, nano, nano, its all about nano with you.

[Anonymous No.28590074]

>>28589887
why not just let the miners choose the size? they are free to mine small blocks if they want, why fuck over the serious miners who want progress by restricting them?

[Anonymous No.28590080]

>>28589474
>Stable coins are going to be a problem across the cryptosphere.
Agreed but for a different reason. I was not aware of what you stated. But the other problem with stable coins that are pegged to fiat is that when that fiat becomes worthless (they all do) so does the stable coin.

[Anonymous No.28590143]

>>28589949
miners and hardware, real life shit, like storage

[Anonymous No.28590160]

>>28590074
because if you limit adoption to a max of 144mb/day you force people onto your second layer intermediary services.

[Anonymous No.28590190]

>>28586090
BoringDAO literally solves the reason of its existence

[Anonymous No.28590228]

>>28590160
what stops a miner from a max of 145mb/day? or 600mb/day for that matter?

[Anonymous No.28590254]

>>28589949
It should be determined in such a way that it does not lead to centralization obviously. Bitcoin is becoming increasingly centralized as no-one runs a node anymore, I did back in the day, but it's just not worth it anymore. Only minders are running nodes and even they are becoming more rare. That is centralized power. It's everything that bitcoin was NOT designed to be. That's a scaling problem.

[Anonymous No.28590296]

>>28589602
you can't conflate 'can' and 'will'

[Anonymous No.28590304]

>>28590143
This

[Anonymous No.28590319]

>>28587279
touché

[Anonymous No.28590363]

>>28590254
did you mine? because if you never got a block reward, you were never a node. I mined on my butterfly labs jalapino and was in a pool and actually got the reward back when I was in BTC. My point is, non-mining nodes are not nodes at all. Thoughts?

[Anonymous No.28590396]

>>28589601
i'm not arguing against that
problem is people underestimate the importance of psychology in this regard
nobody of significance is on the side of BSV
CSW does well at marketing himself as a cult of personality, but he's too autistic and honest to play the necessary games required to take BSV into the mainstream

[Anonymous No.28590519]

>>28590228
it's a hardfork in btc. In BSV a miner makes blocks in a way that maximises his profit which is providing as much service to people as possible
>>28590296
>wants to argue semantics

[Anonymous No.28590641]

>>28590396
Interesting point of view. I agree, I believe my dad got turned away from BSV after I referred him to the coingeek blog. This was of course after I made him rich off of BTC, BCH, and then flipped than to ETH for him. I am an optimist and believe the best protocol will win. So maybe I should consider pyschology, but maybe I am autistic or something. Fuck.

[Anonymous No.28590715]

>>28590396
no one gives a shit about craig or any crypto besides innovators and early adopters who are largely social outcasts and worse people use things that provide value to them.
Features tell benefits sell. We already have primordial examples in twetch and tdxp

[Anonymous No.28590782]

>>28588149
>No one said anything bad about Nano
No one did, but some were making the claim that BSV throughput was unmatched, and I answered. I did own some BSV a while back, I still hold some BCH as well (don't ask me why I don't know) but I'm a big believer in Nano's approach. I think it's the the way forward for mass adoption of crypto for normies. It's useable right now as a viable currency, even for micropayments which BSV can not do because of fees. I no longer hold any bitcoin, traded it for etherium because I'm not a believer anymore. It's old tech. Nano uses a block lattice. It's sort of a blockchain of blockchains. it's new technology. And no it doesn't do smart contracts, but normies don't give a crap about that, they don't even know what that means. They just want a currency that they can use right now that is not tied to a corrupt government. I would say Monero, but that again is too slow and has fees. There is a coin based on Nano called Banano that is a fork of Nano but with monero like privacy. Yes it's also instant and no fees. But hardly anyone knows about it and you won't find it on an exchange. No adoption.

[Anonymous No.28590851]

so you made this thread without the intention of actually learning something but only to shill your shitcoin. saged.
pro tip: look into infura and what happened to ETH when it went down. that's big blockers future. datacenters LMAO. decentralized my ASS. FUCK OFF. I won't post in this thread anymore suckers.

[Anonymous No.28590876]

>>28590363
>My point is, non-mining nodes are not nodes at all. Thoughts?
That's what Satoshi said.

[Anonymous No.28590930]

>>28588628
2 has more bloat than 1
subsequent numbers are even worse
rollups and other layer2 solutions are exponentially better
if you go to a layer3 you have essentially trillions of tps and will never need another solution

[Anonymous No.28590948]

>>28590782
Dude, how much nano is in the bag you hold? I have never even heard of nano until you, and I mined bitcoin with one of the first ASIC chips.

[Anonymous No.28590961]

>>28586090
cause craig is dumb

[Anonymous No.28590986]

>>28588153
>stablecoins
Stable coin value will go to zero when the fiat it is pegged to goes to zero, that's why. Stay away from stablecoins. Nano is fast, free and easy. Why wouldn't anyone use it? There is no advantage to using a stable coin over nano.

[Anonymous No.28590991]

>>28590782
the median bsv transaction fee is $0.00015 USD
the median bsv transaction value is $0.012 USD

>>28590930
so why not make the blocksize 10kb?

[Anonymous No.28591063]

>>28590782
>even for micropayments which BSV can not do because of fees.
Just not true mate. many 1000's of transaction per day are done on Twetch and TDXP.
We send $0.001 to each other all day long. Some people send out 1000 at a time all day long.
Transaction fees on BSV are 1 sat.

As for corrupt governments BSV works in the most legal way. It's not an anonymous coin and never will be.
https://coingeek.com/irs-targets-privacy-coins-lightning-network-and-schnorr-signatures/

[Anonymous No.28591066]

>>28586090
>but what if x was different
too bad? it's not
x is enough to taint it i guess

[Anonymous No.28591098]

>>28588153
Oh and BTW you can't use BSV for micropayments because of fees. Well you could but it wouldn't be worth it. It would also depend on the size of the micro payment. That's the problem with fees.

[Anonymous No.28591111]

>>28590991
why not just let the techologic capacity, and the miners choose these parameters? Why do you need some commie cunt to make rules on an open protocol?

[Anonymous No.28591138]

>>28591111
I know, I'm just trying to make this shill define blocksize in a non arbitrary, mathematical way

[Anonymous No.28591178]

and dont think for a second i didnt see those quads

[Anonymous No.28591211]

>>28590930
Every new layer relys on trust and a third party.
One double spend on a second layer can screw the entire network.
Other coins can do whatever they like but Bitcoin's protocol is set in stone.
Trustless and no third parties.

[Anonymous No.28591230]

>>28588513
you have the minority hashrate for SHA256
>data centers
you don't have unlimited space on a data center, neither you have a unlimited download and upload speed, or a validation time that is infinitely fast
you seem very out of depth here, you don't really understand how the sync works, you probably think the sync time is entirely related to just downloading the chain, lmao
go study first nigger

your twitter post is mute
all your "apps" are using external API for it's execution, you're never gonna be the web3 solution for anything

again, you misunderstand sync and how the bloat hinders it, which is hilarious considering even shadders is trying to cut it from bsv, but you think it's fine

[Anonymous No.28591247]

>>28591138
My question still remains: "On a technical level, why are people so adverse to this coin?"

[Anonymous No.28591263]

>>28591178
how long ago did you start looking into bsv?

[Anonymous No.28591268]

>>28586090
>Tell me why it sucks
because it never pumps

[Anonymous No.28591353]

>>28591098
Huh ? micropayments ?

[Anonymous No.28591384]

>>28590948
>Dude, how much nano is in the bag you hold? I
Not big enough. I bought a bunch at 50 cents, now it's nearly 7 bux. I waited too long before buying more. I wish I had bought more at 1 dollar but I figured it would pull back and it never did. I so regret that. That's how it goes i guess. I'll but the dip when the market comes down maybe EOY or whenever it goes sideways for a long time.

[Anonymous No.28591413]

>>28591247
the entire financial and data intermediary industry are trying to fight their own obsolescence with cointelpro type strategy
intelligence agencies as well, there is nothing more geopolitically critical than the international monetary agreement

[Anonymous No.28591473]

>>28591247
>"On a technical level, why are people so adverse to this coin?"
Aussie man bad. That's all it comes down to.
It's a great coin and it works in many wonderful ways. It has the best community of any coin I have ever been involved with since 2015.
I send out like $10 a day shitposting and normally get back double that.
It's just insane the amount of vitoral spewed at BSV.

[Anonymous No.28591512]

>>28591230
Imagine posting this about the internet in the 90s.
>We need to limit the throughput otherwise it will become infinite
why even bother posting it

bitcoin is more efficient because every bit can be profitable to process unlike the communist google business model

[Anonymous No.28591532]

I followed Bitcoin religiously since its inception. I mined it, bought it, got most of my BTC at $60-$200 per coin. I was a Ron Paul guy and a reddit faggot at the time, and instead of putting lead into my head, i fought the fed using BTC. Then I saw how Blockstream molested the code, and followed the whitepaper though 2 forks, and here I am 100% BSV, and have paid for my truck, house, college loans, and have no debt. But deep down, I know that the whole crypto ecosystem has turned away from the fundamentals, and more to name calling and shilling. I want to end this, its not helpful.

[Anonymous No.28591660]

>>28591063
>We send $0.001 to each other all day long
Okay so lets suppose we are in the future and the value of BSV has increased 10 thousand fold. Would you still send 0.001 as a micropayment? Probably not because that would actually be worth a lot. So instead, you would want to send 0.00000001 as a micropayment and you can't do that because the fee would eat that up. Fees are a problem when value goes up. Now does the fee go down in the future? Good question right? I don't know, do you?

[Anonymous No.28591689]

>>28590991
because modern machines can handle a sync with 1mb
as soon as sync times start decreasing, it means the blocksize can be raised
chances are, there will not even be a need for it

[Anonymous No.28591714]

>>28591660
there are no fees on BSV, the block reward is what entices miners

[Anonymous No.28591741]

>>28591532
ends with tether and the following big pullout/complete loss of retard retail cash

[Anonymous No.28591806]

>>28591512
were you a child in the 90s?
because one of the very first comments about bitcoin's design was that we didn't have the excess bandwith to keep broadcasting with nodes 24/7, which was no longer the case

your second paragraph didn't make any sense lmao
what the fuck are you smoking

[Anonymous No.28591860]

>>28591714
>there are no fees on BSV, the block reward is what entices miners
There are fees if you want a faster confirmation are there not?

[Anonymous No.28591914]

>>28591660
BSV already does as many transactions per day as BTC.
I don't have a crystal ball but we are told that fees will actually go down the more people that use the network.
https://coingeek.com/how-much-can-all-businesses-save-by-using-bsv-to-process-transactions/

[Anonymous No.28591918]

>>28591741
ends with law, and tether being illegal

[Anonymous No.28591979]

>>28586090
Because the fork was caused because they didn't want the privacy features available to bcash.

[Anonymous No.28591984]

>>28591689
>modern machines can't handle more than 144mb/day
it's just asinine
>>28591806
>which was no longer the case
I know it's not, 144mb/day is an arbitrary number with no basis in the capability of it systems

it does you just have a low iq. Bitcoin synthesis money and it, miners are competing in a market to process data for money this is more efficient than current business models that pay for the immense infrastructure required to run the internet.

[Anonymous No.28592059]

>>28591860
No fees, It does depends on the miner, but there are miners who cares about people,. and most ofthe transactions are included in the next block.

[Anonymous No.28592110]

>>28591860
You can explore how the fees work here: https://jochen-hoenicke.de/queue/#0,30d

[Anonymous No.28592235]

>>28591860
If you look at BSV, you will see the color is rarely even yellow. And if you factor in the unrestricted blocksize, its quite amazing to see how an open coin helps the little people with the fee problem

[Anonymous No.28592300]

>>28591247
>On a technical level, why are people so adverse to this coin?
I don't think they are, at least I'm not. All I'm saying is that there is better tech out there than BSV or any iteration of bitcoin. Bitcoin is dead far as I'm concerned. Not because I think it suck, I don't, I actually think it was a great idea that paved the way for even greater ideas. The people who are here just to make money are the ones who hate it because well, it is kind of a dog in that regard. But I do like the tech, It's better than bitcoin. Good luck trying to convince normies tho.

[Anonymous No.28592571]

>>28586090
But CSW is the reason.
On the technical level, there's nothing much wrong with it. But I'd rather have BCH since it doesn't have CSW.
Also pissed at CSW for fucking over BCH. If he had kept his ego in check, BSV would have been unnecessary and BCH could have been a lot stronger
Couldn't check his ego for the cause.
Same with Amaury.

[Anonymous No.28592595]

>>28592300
Very nice to seem some sanity here. I post here to comb the clowns, and maybe show some normies the light, and you actually addressed what I wanted to talk about (tech). My fuck, my friend, are thinking people fundamentally fucked? If this is the way it ends, show me some H.

[Anonymous No.28592696]

>>28586090
It is the future of crypto

[Anonymous No.28592758]

>>28586090

Cryptocurrencies (especially bitcoin) were meant for the people. If you have gazillion megabytes per block then sooner or later it will become centralized as no one in their right mind would buy 4x4TB disks in a RAID-array just to maintain the network.

>this

is why BTC SV sucks technically, oh yeah and also because Creg Sanjay behind the wheels of it.

[Anonymous No.28592925]

>>28592758
if it doesn't create blocks it's not a node.

>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
satoshi nakamoto

[Anonymous No.28592930]

>>28592758
If you have tx fees over a few dollars it becomes centralized since nobody wants to transfer it off the exchange

[Anonymous No.28593011]

>>28592758
have any of you even read the whitepaper?
>a user only needs to keep a copy of the block headers

[Anonymous No.28593052]

[Anonymous No.28593090]

[Anonymous No.28593140]

>>28593011
>4.2mb a year

[Anonymous No.28593298]

>>28590519
>semantics
it's not semantics, you said it "will" because it "can". Just because something "can" doesn't mean it "will". XRP "can" essentially do all that too, but "will" it? there's no sign that ANYONE is adopting BSV. It's way too late.

[Anonymous No.28593313]

>>28593298
>>28593090

[Anonymous No.28593412]

>>28593298
https://coingeek.com/tuvalu-poised-to-become-first-fully-digital-country-and-its-all-on-bitcoin-sv/
https://coingeek.com/ehr-data-to-migrate-41-years-of-healthcare-data-to-bitcoin-sv/
twetch
tdxp

[Anonymous No.28593484]

>>28593412
>tuvalu
>tdxp
>coingeek shill articles
tell me when anything that makes an actual dent comes about
doesn't matter how great the tech is, it's not being used

[Anonymous No.28593517]

craig told me this was supposed to be a store of value but it even lost value to the dollar? how??

[Anonymous No.28593727]

>>28592925
>if it doesn't create blocks it's not a node.
say who? Do you mean that only the mining pools are "nodes" because they are the only ones producing blocks? nigga pls

screen cap from white paper where none of the green text is written. I know you refer to some bitcointalk comment they wrote but still.

>>28593011
user != network maintainer. Even today, most users connect to remote nodes. However, there will be no possibility for regular people in the future to become network maintainers with the BSV blockdesign. = Centralization occurs

data retainment doesn't follow Moores Law. Which is why we don't see 128TB disks on the consumer market at the moment.

[Anonymous No.28593735]

>>28593517
In my post i said not to mention Craig Wright as being the inventor of bitcoin, which he is. Why did you need to mention him? This post is about fundamentals. Are you maybe retarded?

[Anonymous No.28593743]

>>28593484
it's being used more than nearly all of them.
it's nearly done more transactions in 2 years than btc has done in 12

[Anonymous No.28593899]

Nice thread. Off to bed for me.
I just wanted to drop this guys channel on here.
It's irreverent but he gives the BSV side of things everyday.
https://www.youtube.com/channel/UC0Cg2f9SUUcMuUtWIhFgSKQ/videos

[Anonymous No.28593970]

>>28593743
worthless chart, proves nothing other than the fact crypto in general is yet to be used for transactions at a large scale yet
Ripple are actively making significant partnerships, what has NChain got lined up for BSV usage exactly?

[Anonymous No.28594021]

>>28593727
says the whitepaper you literal retard >>28592925
>nodes express their acceptance of the block by working on creating the next block in the chain,
>>28593727
>network maintainer
is that someone who runs a node? remember a node is defined in the whitepaper. Can regular people mine blocks on btc? no a node costs millions of dollars
just as satoshi said it would
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
satoshi nakamoto

[Anonymous No.28594042]

>>28586090
>Tell me why it sucks
the usecase is retarded

[Anonymous No.28594116]

>>28594042
define the usecase

[Anonymous No.28594148]

>>28593899
sv is ancient "tech" and doesn't scale.

>a single lightning payment channel can do 25k tx/sec and you can make almost 150k of them per day which puts bitcoins testbench throughput to around 3.75 billion tx/sec after first day of doing so.

basically the real bitcoin scales exponentially in tx throughput (with near instant good finality) with block size and sv and bcash linearily.
the cash forks are for the tech illiterate mongrel.

[Anonymous No.28594157]

>>28594116

[Anonymous No.28594190]

What's the difference between this and bch? I thought the blocksize increase was satoshi's vision.

[Anonymous No.28594222]

>>28594116
well bitcoin is a network that lets you store and transact value.
sv is the idea that storing gargantuan piles of unverifiable garbage on a global distributed ledger is somehow a good idea.

[Anonymous No.28594255]

>>28594148
>>28593090
a lightning transaction is not a bitcoin transaction. Pic related is a bitcoin transaction

[Anonymous No.28594331]

>>28594222
bitcoin is SV, at the very least, it is SV

[Anonymous No.28594349]

>>28594190
the difference is the approach. bch tries to move away from pow toward a pos pre consensus using avalanche. they want instant finality and basically just be cash.
sv just want sto dump useless data and make it a global burden.

but the real purpose of sv is this:
papa calvin has bitcoin miners but not nough power to mine real bitcoin. he mines useless shit for cheaps. periodically pump the price with hype news and craigs bullshit larps and dump on the retards that lap it up. very profitable apparently.

[Anonymous No.28594431]

>>28594255
of course it is. a lightning transaction is basically a bitcoin transaction held back from the mempool and being allowed to be superseded by the next transaction. it's a bit more technical than that, but you can choose to drop the state of your lightning channel on layer 1 any time. it's perfectly valid on layer-1 any given moment.

[Anonymous No.28594457]

>>28593735
>40 posts by this id
answer my question? he promised 2k before EOY last year? you guys are delusional? is this what autism looks like?

[Anonymous No.28594586]

>>28594457
it's just an idiot bagholder shill that pretends sv hasn't been btfo on technical level countless times here.

[Anonymous No.28594623]

>>28594431
https://youtu.be/UYHFrf5ci_g

[Anonymous No.28594635]

>>28594457
think for yourself, do not say his name. I am 100% sure that BSV will reach 5 figures before 2025

[Anonymous No.28594643]

>>28594331
nope sorry your shitfork capitulated from the nakamoto cosnensus twice once from the original and then from the bcash mongrel mockery of the nakamoto consensus.

[Anonymous No.28594696]

>>28594623
look i know how bitcoin and lightning actually works not going to listen to some rando clueless youtube spergs ranting about their butthurt.

[Anonymous No.28594732]

>>28594643
what shitcoin was it? it was forks, remeber, my free coins air dropped. What?

[Anonymous No.28594748]

>>28594635
no you won't

[Anonymous No.28594794]

>>28594696
didn't post it for you shill.

[Anonymous No.28594799]

>>28594021
Working on creating the next block is not the same as your previous statement “a node is only a node if it produces blocks” you dumb fuck. Stop making shit up just because your knee deep in the Visjion.

And also yes, anyone contributing to the network reliability is a network maintainer. Again you mention millions of dollars and stuff, which shows that you interpretation of the white paper is full of delusions and that you make up your own ideas of the original white paper.

[Anonymous No.28594880]

>>28594799
yes it is a node can only express acceptance by proof of work

[Anonymous No.28594919]

>>28594794
bitcoin can do billions of tx/sec as is with 1mb blocks. and taproot is a big capability multiplier for layer 1 and 2 being rolled out right now.

[Anonymous No.28594920]

Because BTC is inferior technology and everything that does what BTC does but better is a reminder that BTC is literally Ford Auto in 2004 just surviving off of momentum rather than actually deserving its place in the world.

[Anonymous No.28594947]

>>28587199
No one cares about that, and it's reflected in the price. You are holding shit, waiting for someone with an even lower iq than you to buy in.

[Anonymous No.28594978]

>>28594880
no that's bullshit. the node expresses acceptance of a block first by updating it's utxo set (ledger).

[Anonymous No.28594982]

>>28594799
do you think bitcoin is peer to peer electronic cash?
that by removing intermediaries allows small and casual transactions?

[Anonymous No.28595051]

>>28594919
no a bitcoin transaction is defined here >>28594255 other layers are not bitcoin transactions

[Anonymous No.28595055]

>>28594919
How could it do that with 1mb block size? Even if a transaction took up 1 byte, a 1mb block would still be 1000x too small to fit a billion transactions.

[Anonymous No.28595058]

>>28594947
indeed people don't buy the cashie bullshit.
which is why it's stuck below $500 and bitcoin is at $50,000.

the honey badger doesn't give a fuck about your dreams and wishes and retarded politics.

[Anonymous No.28595070]

>>28591353
>Network fee USD 0.003
It has fees.

[Anonymous No.28595110]

>>28595051
keep on deluding yourself and be ignorant af.

>>28595055
see >>28594148

[Anonymous No.28595124]

>>28594919
you think satoshi was talking about taproot and lightning network here?>>28594794
what percentage of people are retarded enough to believe that

[Anonymous No.28595156]

>>28595110
keep investing in a network that can't process more than 144mb/day

[Anonymous No.28595180]

>>28587041
why do you sound like you're having a stroke

[Anonymous No.28595241]

I am using the money that the demented rigging retard Joe Biden injects into my bank, to buy 100% BSV. This post has proven to me that BSV is the best.

[Anonymous No.28595266]

Because its hash power sucks, my friend
The market chose not increasing the block size, and put their hash power behind it
Smaller fees mean nothing if you can't secure your network

[Anonymous No.28595278]

>>28594978
I’m done with this dude. It’s like trying to convince a cultist that he’s wrong. Pointless.

[Anonymous No.28595350]

>>28594978
Doesn't matter it has fees

[Anonymous No.28595384]

>>28594978
>the whitepaper is bullshit

[Anonymous No.28595435]

Still waiting for a counte argument in the fucking code

[Anonymous No.28595588]

>>28595435
It has fees. It's useless.

[Anonymous No.28595829]

>>28595588
it doesnt have fee though

[Anonymous No.28595924]

>>28595829
>>28591353
>fee USD 0.0003

[Anonymous No.28596223]

>>28595156
stay ignorant who cares. the market priced it right in your bags will be your punishment.

[Anonymous No.28596302]

>>28587871
You can even earn BSV for running network monitoring software.
The more nodes you run in more countries, the more you earn.
https://bitping.com/node

[Anonymous No.28596338]

>>28595278
i know you guys are just fucked in the head beyond saving. but like i said there is an unbiased arbitrator called market.

[Anonymous No.28597055]

>>28590948
It used to be called Raiblocks if you remember that, then they did some weird rebranding.

[Anonymous No.28597535]

>>28596302
can i run a node on a regular laptop?

[Anonymous No.28597719]

>>28589474
so basically everything crypto fought for was for nothing lol

[Anonymous No.28597825]

>>28596338
market does NOT react to fundamentals, it reacts to propaganda
look how long it has taken for BTC to catch on even
BSV propaganda is very weak, unless CSW wins the court case and proves he's Satoshi, then maybe they have an inkling of a chance
even then, probably not, Ripple is still much better positioned than NChain, who have no significant partnerships

[Anonymous No.28597996]

>>28597825
thats just cope

[Anonymous No.28598262]

>>28597535
Yeah. Download links are are at https://www.bitping.com/node
Runs on Windows, Linux and Mac

[Anonymous No.28599012]

All you need to understand if you have a higher than room temperature IQ is that any attempt to scale Bitcoin on L2 in a decentralised way inevitably ends up requiring routing, a means of solving the Byzantine General's problem and tamper-proof records, which is exactly why you have a fucking blockchain in the first place. If you cannot understand this, you belong on reddit, not biz. https://www.youtube.com/watch?v=yGrUOLsC9cw

[Anonymous No.28599030]

>>28598262
thanks, do you know any good ways to run nodes from different countries without having to actually travel?

[Anonymous No.28599152]

>>28596338
I was talking about the guy with blue ID. Sorry mobileposted last post

[Anonymous No.28599360]

>>28599030
Could run a VPN or buy a cheap VPS from https://lowendbox.com/

[Anonymous No.28599439]

>>28586090
>Tell me whyyyyyyyy it sucks
idk
but what I do know is miners didn't choose it.
So right now it kind of sucks to own.

[Anonymous No.28599445]

>45 posts by this ID
imagine being this guy

[Anonymous No.28599478]

>>28587317
that sounds utterly retarded... surely that's not actually possible?

[Anonymous No.28599515]

>>28586090
No matter how you slice it, the market has decided that it isn't bitcoin, and that's all bitcoin has going for it vs other chains.

[Anonymous No.28599520]

>>28599360
ty fren

[Anonymous No.28599582]

>>28599478
yes it is with only 1% of btc hashrate a miner could do an arbitrary deep catastrophic reorg on sv.

[Anonymous No.28599592]

>>28588766
thats some dope quality shill content right there
>>28588900
>>28588906
btfo by these shills tho

[Anonymous No.28599633]

>>28587317
also a miner can decide to swamp the network with fuckhuge blocks that force most sv nodes offline for basically free.

it's such a shitshow it hurts to watch.

[Anonymous No.28599668]

>>28599592
copium is not btfo you double nigger

[Anonymous No.28599737]

>>28589202
Why try to separate the shitcoin from it’s creator and controller?

[Anonymous No.28599781]

>>28599582
ha thats amazing! why hasnt anyone done it?
i'll read the whitepaper, assuming this info can be found there? if not if you can give any more info thatd be cool- sounds just bizarrely retarded to me

[Anonymous No.28599787]

>>28589474
Thing is the stable act will never pass.

[Anonymous No.28599808]

>>28599012

/thread

[Anonymous No.28599818]

>>28599737
well craig did not create shit so there is that.
it was satoshi and then unlimited on the bch fork and then shadders on sv fork. all craig does is larp like a motherfucker.

[Anonymous No.28599837]

>>28599668
woah now, just commenting on shill strategy, chill out bro
guessing youre not holding any BSV... that's a [ ] from me dawg

[Anonymous No.28599854]

>>28599445
>cregs great and totally satoshi BUT DON'T MENTION HIM
fucking walloper

[Anonymous No.28599867]

>>28599781
>why hasnt anyone done it?
not easy to profit from it. it's risky. your ability to massively short bsv settled in fiat is what can make it somewhat safe and profitable.
if a miner would just want to fuck sv without profiteering he could any time. but they rather mine bitcoin it's a safer bet.

[Anonymous No.28599897]

>>28586090
21st century humans are very weak themselves, they naturally seek out leaders and influencers rather than come to their own conclusions or make their own decisions. The crypto community at large hates Craig and Bitcoin as designed, and that’s that.

[Anonymous No.28599930]

>>28599781
yes it's implied in the whitepaper. just read the part about the nodes reaching consensus... and near the end you see calculations based on assumption of a miner only having 10% hashpower being able to attack the network and carry out a double-spend. not a miner with 500% hashpower like a decent sized btc pool lol.

[Anonymous No.28600149]

>>28599867
>>28599930
hm maybe its just my retard brain being filled with "for teh lolz" during adolescence but this sounds like fun
thanks highlighting that,going to read it now

[Anonymous No.28600301]

as for ops request i will quickly dump a compilation of technical arguments against bsv.

what bitcoin is:
- a trustless permissionless publicly auditable ledger that is also secure
- a non-custodial peer-to-peer electronic payment system
- a network of nodes enforcing a common ruleset shaping a common reality in a trustless manner
- the longest blockchain under the consensus ruleset with the largest commulative hash proven by a specific form of proof of work
- a protocol that describes how consensus is reached on ordering transactions and how difficulty and coinbase supply adjusts over time
- a greater consensus on the ruleset that governs the protocol
- a standard reference client implementation created by nakamoto and maintained as an open source project
- an unspent transaction output spendable to a script returning true

what bitcoin is not:
- a whitepaper
- a gargantuan garbage dump of stale data stored immutably forever
- whatever satoshi said in a forum post
- whatever faketoshi dreams up in delirium
- whatever sv jeets shrill and rave about currently

[Anonymous No.28600338]

a bitcoin is an utxo not a chain of signatures. nor was it ever since first release. satoshi wrote that paper in 2007 but in the first release he already added scripting and smart contract support.
>digital coin is defined as a chain of digital signatures
>Segwit breaks the chain of digital signatures
is a coinbase a bitcoin or not?
because based on that definition it's not bitcoin. but that's evidently wrong.
>We define an electronic coin as a chain of digital signatures
then https://www.blockchain.com/btc/tx/9b0fc92260312ce44e74ef369f5c66bbb85848f2eddd5a7a1cde251e54ccfdd5
is not bitcoin. there is no chain of signatures it's just an utxo
the blockchain is part of the consensus mechanism but represents zero value in itself all the records stored on it are absolutely and completely worthless if they don't help you in building your utxo.

[Anonymous No.28600372]

>hurr durr i'm a retard segwit removes signature

P2WPKH nested in BIP16 P2SH

witness: <signature> <pubkey>
scriptSig: <0 <20-byte-key-hash>>
(0x160014{20-byte-key-hash})
scriptPubKey: HASH160 <20-byte-script-hash> EQUAL
(0xA914{20-byte-script-hash}87)

https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki

[Anonymous No.28600423]

>>28599818
Still craig is the reason for the bsv fork. Without him it wouldn’t exist.

[Anonymous No.28600571]

try to spend a segwit balance with a random hash and no signature! you should be able to do it if you are not full of shit. what's stopping you?
here is a nice fat segwit address... 386eAUqL3ZNZPmHeABXLo658DTQuJeLzUR go on spend it!

386eAUqL3ZNZPmHeABXLo658DTQuJeLzUR
https://www.blockchain.com/btc/tx/eb1c3e403de681f53e14cd8a4fd33c6cc0791669101429363082a5e63f559db6
Pkscript
OP_HASH160464892ddc206704ac2123c14ff93cc49b1f3c360OP_EQUAL
Sigscript
0014e318f5a928b78d335f8aa9088d7f83525c36d9b6
Witness
304502210095277d14d2c952a5a6ca3efb07f036af03fedf869d30635c99f5d599052f5e9402207e5d599b16cb4e912771b1349de1cc2cb88d44e2f6002206e73841fe9a0e1b4501
022030ce0d01f5d4da661a0ac56b898dfe14feb7cda1047da0cb2cc60000ce049f

https://www.blockchain.com/btc/tx/f24761c0594cba64e603506fa8ae2bb3d378147acfbfc871429dac5b296b7f0c
Pkscript
OP_HASH160464892ddc206704ac2123c14ff93cc49b1f3c360OP_EQUAL
Sigscript
0014e318f5a928b78d335f8aa9088d7f83525c36d9b6
Witness
3044022008d481ede2eb0fcd91a8843247816d386def4b77660fc225001efca9ae71ef9b022078e27ab07fc9e40d6d24dd1cc1f77412b0a945eac296b6e36d8f9812b76bfe7601
022030ce0d01f5d4da661a0ac56b898dfe14feb7cda1047da0cb2cc60000ce049f

[Anonymous No.28600619]

>>28600423
he is calvins fuckpuppet. he is like the bitconnect guy "wasa wasa wasaaaaaaa" whatever his name.

[Anonymous No.28600636]

>>28586090
CW is a schizo

[Anonymous No.28600638]

>>28599781
Typically 51% attacks are used on exchanges. The attacker deposits onto an exchange, then trades for some other coin and withdraws it, then attacks the network and reverses the txn. I dont even know where BSV is listed anymore because you would have to be fucking retarded to assume that kind of risk on your exchange. Its literally not even financially worth attacking otherwise someone would have done it by now. Maybe that actually makes it safe

[Anonymous No.28600701]

pruning is the future. there is no point keeping junk forever. you can run an archiving node nobody will or can stop you. but the rest of mankind is only interested in the ledger. which represents the actual value in bitcoin.

it is the only one trustless permissionless publicly auditable and secure byzantine fault tolerant distributed ledger that is.

the blockchain is a means to the end many retards see it as something that in itself represents value but it isn't. it's just the worst and least efficient form of database that bitcoin uses to reach byzantine fault tolerant consensus on the ledger.


https://arxiv.org/abs/2004.06911
https://github.com/bitcoin/bitcoin/projects/11

assume-utxo already making huge progress.

[Anonymous No.28600704]

>>28591984
syncing 1mb != downloading 1mb
now you know, retard
ask shadders why is he putting anti bloat on bsv

[Anonymous No.28600752]

and why evidently nor bcash nor sv could ever be bitcoin:

>The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
>Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.

straight from the whitepaper bitch!

[Anonymous No.28600809]

here is the crypto redpill:

bitcoin was meant to solve one problem in particular: how to build and maintain a trustless permissionless ledger, and how to make transactions trustless and permissionless.

everything else is either bullshit or a technicality. the blockchain is a means to an end not the end itself the immutability of the bitcoin blockchain is a means to an end, the pow is a means to an end not the goal.

bitcoin was born to store and transact value information that is released to the public has zero value. anything put on a blockchain has zero value. the transactions themselves have zero value after the utxo set was updated and confirmed sufficiently.

the blockchain as technology is absolutely shit and retarded but there is no other way to make bitcoin work for now. we are stuck with it. people that say bitcoin is useless but blockchain is cool got it all wrong.

[Anonymous No.28600958]

>Why is Bitcoin bad
Because this board is full of midwit faggots who think they just discovered the new big moneycoin hoping to get rich quick. Don't get me wrong I'm investing in many other coins too but if you haven't 51% or more in either only BTC or a combination of BTC and ETH you are doing it wrong.

[Anonymous No.28601043]

also one last thing...

craig barfed on his retarded audience that bitcoin was designed to wortk within the law. and the imbeciles been regurgitating this ever since.

but the truth is there is zero evidence for this. bitcoin works perfectly well without and law or regulation. without any authority meddling with it. it was obviously created to solve the problem of trusted authority in systems and the abuse that comes with it so that only makes sense.

it's not that the code is law. that's stupid. it's above the law. stronger than the law. a global distributed consensus can't be bothered by petty things like court oders.

[Anonymous No.28601072]

>>28600701

01G? Is that you?

[Anonymous No.28601211]

the amount of utter fucking retards here who think 'dur the market has decided'. the forks have competed for 3 years. bsv has only been unfuckened for 1 year.

the last block reward is mined in 2140. this system is meant to last for centuries.

if you think the worlds data processing needs aren't going to fucking skyrocket exponentially over the coming years, and if you think that anything other than scalable bitcoin can meet that demand, you are utterly blindsided by short term profit.

i hope you hedge in time.

[Anonymous No.28601234]

also one last thing...

craig barfed on his retarded audience that bitcoin was designed to work within the law. and the imbeciles been regurgitating this ever since.

but the truth is there is zero evidence supporting this thesis. bitcoin works perfectly well without any law or regulation. works best without any authority meddling with it. it was obviously created to solve the problem of trusted authority in systems and the abuse that comes with it so that only makes sense. nor in the code base nor in any of satoshi's communication was there any hint about bitcoin having to rely on law or be subject to law (aside from the source code mit license of course but that's not operational).

it's not that the code is law. that's stupid. it's above the law. stronger than the law. a global distributed consensus can't be bothered by petty things like court orders.

(sorry fixed typos)

[Anonymous No.28601292]

>>28601211
>the market has decided
and they keep on deciding every day. you are so fucked.

[Anonymous No.28601376]

>>28601211
We aren't just talking about a fork, we are talking about a fork of a fork that just recently forked into another fork. Worry about overtaking the other BCH forks before you even think about BTC. Have fun

[Anonymous No.28601382]

>>28587041
>>28595180
Not having a stroke, just a street shitting pajeet with shitty english skills. Basically the userbase of bitcoinSV

[Anonymous No.28601395]

>>28601234

>stronger than the law. a global distributed consensus can't be bothered by petty things like court oders

You are in la la land

Not that CSW is entirely right about law/courts, but shit is about to get very real

[Anonymous No.28601417]

i've been balls deep in link and pnk for a long time. bsv is all i will hold long term.

but okay yes im fucked

[Anonymous No.28601478]

>>28601211
bittorrent protocol and distributed hash tables solved the immutable p2p share of large amount of data a million times more efficiently than a global distributed blockchain ages ago.

storing unverifiable garbage on a global blockchain is just vandalism. plain and simple it causes net harm no benefits.

[Anonymous No.28601533]

>>28601395
>You are in la la land
when you can show me an example of miners complying with a uk (that's where craig likes to hang out) court order i may change my mind.

[Anonymous No.28601578]

>>28597825
>he is still riding CSWs dick
>in fucking 2021AD
LMAO BAGHOLDING RETARD DETECTED

[Anonymous No.28601893]

>>28601478

fair, but i'm not talking about sharing media files. that's such small scale thinking...look at how much the world has transformed in 20 years. the rate of change will get faster.

im talking uber high throughput stuff. self-driving cars, smart cities etc. their data transfer problems have not been solved yet, and it won't work with a bunch of walled gardens when the tech is ubiquitous

[Anonymous No.28602066]

>>28601893
i know what you are talking about and it fucking annoys the crap out of me. looks like nobody will have a shred of privacy with all these cloud driven billion cameras everywhere dystopian nightmares.

[Anonymous No.28602248]

>>28602066
btw this also makes me more bullish on bitcoin taproot will bring signature aggregation and a bunch of other things that will increase privacy along with ln it could offer even more privacy than monero in time.

[Anonymous No.28602372]

>>28602066

i agree there are ethical issues to navigate before that sort of world comes about. it's not gonna happen over night obvs...but don't you think it's inevitable?

i do, and so i bet long term on the best way to meet those needs currently available.

people are getting more privacy/data literate following the fuckeries of social media monopolies in recent years. those issues will be solved in due course. but the possibilities shouldn't be limited out the gate by the protocol.

[Anonymous No.28602650]

>>28602248
>taproot will bring signature aggregation and a bunch of other things that will increase privacy along with ln it could offer even more privacy than monero in time.

Never going to happen.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

"“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”"

"The director of research at blockchain firm Blockstream Andrew Poelstra has referred to Taproot as a system which could possibly render any transaction mostly indistinguishable from one another on the BTC blockchain. However, he noted that “transaction amounts and the transaction graph are still exposed, which are much harder problems to address.”"

"Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements."

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

[Anonymous No.28602814]

>>28602650

Great info, thanks

[Anonymous No.28603240]

>>28594982
Do you think calvin and craig trying to say they’ll mine inactive wallets is an irreversible transaction?