Gold collapsing. Bitcoin UP.

[bitsko]

its the transactions making it into a block that matters to the user, not whose block it is.

 

[AdrianX]

WTF is up with those BSV miners? Do they know something I don't? I have my own suspicions for consistently mining BSV at a loss relative to mining BTC and buying BSV, but what do others think about it? my reasons sound so implausible that I don't think they are worth mentioning.

 

[bitsko]

lets say they could prioritize mining bsv to avoid being attacked, but instead chose to mine btc for profit and plan to rely on the law to support bsv after a state of failure.

in that sense I see this altruistic loss as not being enough altruistic loss.

Post automatically merged: Jul 10, 2021

'the attack is posm and the response will be nuclear' - reeks of bullshit lets see it

Post automatically merged: Jul 10, 2021

'core will have much wailing and gnashing of teeth' -lets fucking see it then

Post automatically merged: Jul 10, 2021

'in 2020 i will only have BSV' -ok bro lmfao

 

[cbeast]

lets say they could prioritize mining bsv to avoid being attacked, but instead chose to mine btc for profit and plan to rely on the law to support bsv after a state of failure.

in that sense I see this altruistic loss as not being enough altruistic loss.

Post automatically merged: Jul 10, 2021

'the attack is posm and the response will be nuclear' - reeks of bullshit lets see it

Post automatically merged: Jul 10, 2021

'core will have much wailing and gnashing of teeth' -lets fucking see it then

Post automatically merged: Jul 10, 2021

'in 2020 i will only have BSV' -ok bro lmfao

Hot take making personal attacks against CSW. BSV or nothing.

 

[pafkatabg]

New presentation from Steve Shadders -
Nothing really new as a content, but great summary and sequence of topics explaining bitcoin.

 

[bitsko]

Hot take making personal attacks against CSW. BSV or nothing.

criticisms of personal failings arent attacks unless the psycophants covering for his narcissitic personality disorder dont allow criticism.

CSW apologizing for anything, ever, is a socialism

lukewarm take bro

Post automatically merged: Jul 11, 2021

whats it taste like

Post automatically merged: Jul 11, 2021

I posted two statements which have yet to fail or become true, and then one statement that had turned out to be bullshit.

Was mentioning the statement that ended up being complete bullshit an attack or what?

Post automatically merged: Jul 11, 2021

BSV might fail because its chock full yes men and enablers who happily ignore that the hearts of men can make or break a venture.

 

[bitsko]

btw, In 2020, I only had BSV

 

[bitsko]

In other news, if I wasn't informed about the 'attack' on bsv I would not have even noticed.

 

[cbeast]

Heh, CSW built a good financial theory. He's a good theoretician. So what if he's a dork? I find it reassuring.

 

[bitsko]

If only it were the case in practice that the best technology will come to dominate a sector - and not just a theory that it should.

 

[cbeast]

Or maybe the old system cannot adapt and dies of natural causes. This vision is not for this world. It is for the next generation. That's why I came to this space.

BTC was a snakeskin shed to allow a new economy to be birthed. Each altcoin helps break paradigms. Ouroboros. All parts of the snake as it devours preconceived notions of who we are. Until finally our notions of borders, possessions, and otherness are consumed by greed and replaced with self-worth.

So the question remains, will this blockchain survive? I suspect it will. While the code is proprietary, the protocol is not. This leaves room for innovations in proprietary IP protected by nChain patents. Given the parallel processing functionality of the system, it has to be desirable by corporations, public development groups, and authoritarian states alike.

 

[CryptoStar19]

Or maybe the old system cannot adapt and dies of natural causes. This vision is not for this world. It is for the next generation. That's why I came to this space.

BTC was a snakeskin shed to allow a new economy to be birthed. Each altcoin helps break paradigms. Ouroboros. All parts of the snake as it devours preconceived notions of who we are. Until finally our notions of borders, possessions, and otherness are consumed by greed and replaced with self-worth.

So the question remains, will this blockchain survive? I suspect it will. While the code is proprietary, the protocol is not. This leaves room for innovations in proprietary IP protected by nChain patents. Given the parallel processing functionality of the system, it has to be desirable by corporations, public development groups, and authoritarian states alike.

While the survival of particular coins and projects over the super long term (decades) is less certain, blockchain is here to stay.

 

[AdrianX]

So the question remains, will this blockchain survive?

BSV is not distributing or funding growth, BTC is, so it's looking glim for the future, with no one around to build it.

 

[cbeast]

BSV is not distributing or funding growth, BTC is, so it's looking glim for the future, with no one around to build it.

IDK. If BTC is outlawed as it is in China, I doubt Wall Street would keep it alive through brokered trading. But who knows? At least BSV can evolve into a next-generation internet without the need for unlicensed trading. The next AOL or Yahoo could replace AWS because the tech scales and distributes risk. I doubt a private blockchain would be better than a public proprietary protocol.

 

[bitsko]

Post automatically merged: Jul 12, 2021

I dont know whether to laugh, cry, or make an excuse for the chief scientist

 

[AdrianX]

@cbeast you've mist the intended meaning in my comment.

IDK

You need to care, Bitcoin will die if people stop caring.

BTC is a dead-end, transactions are limited to 1MB. BTC was once Bitcoin, BTC will fail because it's centrally controlled and by ignorance on top of that. Bitcoin had a lot going for it, in fact, BTC has more going for it by coasting on the Bitcoin legacy than BSV.

nChain "CSW" BTC legacy HODLers building BSV are coasting on the Bitcoin legacy. CSW's wealth comes from selling BTC, not BSV. every time BTC moves from a HODLer like CSW it is growing the network of invested interests, this network effect brings in commitment to success. BSV may have the true essence of Bitcoin but it's lacking the ingredients for growth.

The truth is there is not going to be the next AOL or Yahoo or AWS without commitment and network growth. I read that a BSV project looking for government funding in Australia was rejected because it was wanting to build on BSV. The reason given was the litigation coming from BSV HODLers, and the fact that the assessor did not consider BSV to be a viable blockchain.

IDK that UDK. BSV can succeed despite people like you and CSW undermining Bitcoin.

ps I was purposefully not conflating Bitcoin, BTC and BSV above.

 

[cbeast]

heh IDK is I don't know, not care. I'm just guessing. As far as the tech goes, there are far too few tools for independent developers. They don't need to worry about reorgs to use r-puzzles and such, but the only commitment that the community needs is to focus on getting educated on parallel processing using distributed outputs for data and farming out for CPU power. It's just a whole new ballgame that will require University IT departments to re-write their textbooks. Given the nature of middlemen in capitalist societies, I believe that some authoritarian states will jump on that first.

 

[bitsko]

oof gravity lost liqudity?

was it really binance on the back-end?

 

[bitsko]

$65 Vision

 

[bitsko]

Gravity back up...

Though I do not know to what extent buying may still be curtailed on other venues based on the 'attack'.

If there is one thing that can let the price drift downward, it is less buying.

As a BSV user, I haven't noticed any service problems.

As a BSV speculator I wonder if this will push the price closer to 'utility' valuation; sort of making BSV succeed the 'hard way' through transactional volume surpassing the block reward --- but the 'hard way' of the 'hard way'; less and less venues to acquire BSV to use to get there.