No matter the evidence, if Craig doesn't fit a persons paradigm as Satoshi there is no changing that persons belief. They've created a psychic cage. I'm betting on the fundamentals of On Chain Scale Utility Stability Security real 'Proof in the Putting' #BSV#BitcoinSV#Bitcoin
What is necessary for Bitcoin to have mass adoption? What is the true value of Bitcoin? The answer: People and businesses have to use the system and the base formula for the intrinsic value of any income producing asset is (VIR) Value = Income / Rate. All of capitalism operates on this formula.
Ultimately all ‘cryptocurrencies’ will have to address this basic equation or go into oblivion. Miners and validators need rewards and fees or they are gone. Mining rewards are halving and transaction fees are high. People and businesses, merchants and customers need ease of use and reasonable fees or they won’t use the system and will go somewhere else. Transaction times are slow and transaction fees are high.
Lower Fees require Scale allowing more transactions at lower cost with greater income. Scale allows utility were businesses can invest and build systems that generate more transactions generating more fees and greater income. Utility creates diversity gene...
I see a lot of whining, name calling and generalized angst about #BitcoinSV If you don't know where you are going #BSV can't possibly be in your way. And if you know were you are going then go there.
Mining require increased fees, increased fees require scalability, scalability requires utility, utility requires stability, what you have is #BitcoinSV#BSV and all the things you can do with it.
Stuff Knows Stuff. It’s hard to recognize something you don’t know. The unknown is just that, unknown. You wouldn’t recognize it if you saw it. If you do see something you already are defining it but it’s like an iceberg, so much is unknown. How will #BitcoinSV be used? Love the quote but don’t much like the man, Donald Rumsfeld, ‘There are known knowns. There are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don't know. But there are also unknown unknowns. There are things we do not know we don't know.’
simply cash From now on, simply cash only support #BitcoinSV#BSV. Please split your coins before using this wallet, as there is no replay protection at the moment. Android: simply.cash/android iOS: simply.cash/ios