Experiments often have value until they fail."Nakamoto consensus" only works when the token is valued. The higher the price the more valuable the blockchain, there is no "Nakamoto consensus" if "The government can make them invalid at any time."
We pray our masters will grant us favor for our pulchritude and offer us a small token in his likeness out of fear another suitor will find us worthy.why bother with PoW just use PoS, if the government can have a say.
I get it, you're an anarchist. But your army is smaller than his.Let me quote the common law definition of currency, (there is a legislated definition that CSW tryes to pass off as the anarchic definition to serve his socialist agenda, don't believe him, do your own research.
A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange it comes from From Middle English: curraunt, "in circulation", from Latin: , -entis, literally meaning "running" or "traversing"
Just listen to what CSW says about government fiat and why it's good and why bitcoin is not a currency, he does not call himself a socialist, but if one was to rank socialist behaviours, making fiat out of nothing to spend it on "programs," is socialist and a CSW value. It is at the top of the socialist hierarchy, it literally destroys Capitalism every time in history. So undermining a value native to Bitcoin and supporting the ultimate government tool to implement socialism makes one a socialist. Even if you claim to be a capitalist it's just a word salard when you confuse definitions like CSW does.
So like, that's just your opinion, man. I see it as an investment in the hyperloop of information."invest" as in investing and speculation on the token are two very different ideas. People invest in mining hardware - they don't necessarily invest in the token, Taal spent $3,000,000,000 of CSW's BSV as a loan because, I presume he wanted them to short it and mine it back, that's effectively money laundering across jurisdictional boundaries to avoid Tax. They invested the money in mining hardware by selling the BSV. They may never mine back the BSV, they could use it to mine BTC and probably do, also. The value was denominated in dollars probably because they value dollars more than the BSV.
Wait, what? Do you hate him so much that you won't even listen to him? Does the rage block your listening? I mean, I feel you. That's how I felt about the Orange Monkey. But CSW has been consistent in his description of choosing unbounded computing over internal loops because of the timestamping. His background is in supercomputers and BitCoin was designed to work in parallel. I don't see weather predictors ever using Ethereum. Ever. You think it won't work? It already does.I don't want to give people the wrong idea, I like BSV, I'm just repelled by the CSW cult narrative that's repeated without thinking.
Bitcoin is first and foremost digital cash, money, money is a unit of account, money is in itself an information network, it provides information to allow humans to cooperate to prioritize and solve our most pressing needs.
Bitcoin is both money and information, it's 2 in one. CSW is just fooling people, bluffing TPTB, or he just got lucky. Either way, you have to stay focused, we need better information systems and to be free we need to uncouple TPTB's ability to manipulate people. BSV is Bitcoin, but the idiots who propose to know what that is are advocating for something that'll never work.
You do that for BSV or BCH or BTC, either one or all 3 are income, and or 1 is capital gains tax on the cost basis and the other 2 are capital gains with a $0 basis. It doesn't really matter how you do it just be rational, fair, consistent, and honest.'do your taxes with btc as an airdrop'
the whole thing is silly.so you have a virtual asset with a $0 basis. CSW has BSV at $XYZ and BTC at a $0 basis then. all the power to him, he can give that to the government.
Stay focused on what matters, people getting get distracted by the sideshows.the whole thing is silly.