Today, a brief stress test was conducted on the main Bitcoin (SV) Blockchain. The result shows an unmatched superiority of the true Bitcoin - a glimpse of what is to come in the years ahead.
The true value of Bitcoin is not defined by the current market of speculation. Its true value lies on its use and how many transactions and applications can it support. By February 2020, the limit will be lifted to become unbounded, fully ready for MetaNet.
The list of applications currently being developed at https://www.bsvdevs.com/ guarantees the explosion of real use cases that will fill the blocks - its usage will define its true value, not overnight, but in decades to come.
The hidden economic force will play its role. And this economic force will be stronger than the current gamblers - trading on crypto exchanges, wishfully defining the value of their perceived scam coins.
Dr. Craig S. Wright will eventually become the top philanthropist of the world.
"I have about 8 billion dollars' worth of bitcoin and I'm donating them. Not as a joke. I'm giving them away. I want them to go to education." - Dr. Craig S. Wright (Satoshi Nakamoto)
Satoshi holds exactly the same amounts of BSV, BTC and BCH as a result of BTC and BCH forking away from the original vision.
He made public his plan to sell all his holdings of BTC and BCH for charity's sake and to keep only his BSV - as what he believes to be the original Bitcoin.
The Back-End Called Bitcoin (SV) Unknown to many, a typical enterprise infrastructure comprises of what we call a Front-End and a Back-End substructures.
Front-End is what most people see or feel, it is the one that they typically interact with. A corporate website of a company is a very common example, another is an employee dashboard. These are the ones that make the day to day interactivity between a corporate entity and its employees or clients, fun and interesting to navigate with. This is the domain of the Front-End developers.
Back-End on the other hand, is where the data are stored and all the required components are engineered together to provide what is needed at the Front-End. This is where the complexities of computer systems, databases and all the things you don't see are kept and maintained. These is where most IT Professionals spend their time with. If you are married to one, chances are, you have been unintentionally interrupted not by once but perhaps countles...
The Tulip Mania was an event in 17th century, representing one of the earliest financial bubble dubbed the Tulip Crash. The rare tulip bulb known as "Semper Augustus" was said to have been speculated at an exorbitantly insane price until it collapsed. This story was passed on as a common knowledge, a true example of an exagerated tale where people brags and talks about it loudly. But very few really dugged deep to explain why.
This account is best understood if one knows the concept of futures trading in the context of that same period of 17th Century. Futures contracts were then defined as gambling debts. As such, the issue accelerated when enforcement of these contracts (gambling debts) were not guaranteed by the court. It was a long standing practice during those time for the court not to enforce repayment of gambling debts. The tulip sales under futures contracts were considered bets under Roman law.
What is interesting to note here, is the reality ...
This is a real world trade, not a speculative trade.
It creates velocity and value in the economy. It supports the movement of the produce of the land and its labor. It makes money worthy of its use.
Bitcoin to become valuable must support an unbounded volume of real world trades and other real world utilities. Therefore, it must scale to support a real world wealth, and not just be confined within the edges of virtual manipulation and speculative trading (gambling).
Bitcoin Block Rewards are a Subsidy. It will be cut to 6.25 in 2020; 3.125 in 2024; 1.5625 in 2028 and will continuously halve every four years until it runs DRY.
By system of economics, this Block Reward (Subsidy) is meant to be replaced by transaction fees brought about by Utility...ONLY UTILITY.
Bitcoin miners are incentivized to follow not by force but by economic system. Bitcoin is an Economic System.
This is a marathon race, decades in the making. All other speculative coins will go to ZERO. Only Bitcoin SV (BSV) will survive. Utility matters.
The true measure of success of any Blockchain Project is NOT the price but the BLOCK SIZE....it is NOT the crypto currency exchange volume but the BLOCKCHAIN NETWORK TRANSACTION VOLUME.
UTILITY matters... It's the only sustainable reason for it's existence. It can not be forged. It's the real use case velocity.
Don't follow the Price, it can be manipulated and speculated - casino style.. the house is filled with gamblers pushing the card while the unsuspecting public buy it.
Follow the development. The price naturally follows the development. Only utility can sustain the price. Without utility, you are merely watching the price go up only to tumble down crashing again...an endless cycle of speculation, until one truly sustained it.
The future belongs to those who build. Bitcoin SV builds.