I really didn't realize a certain belief in BSOV. For this deflation to work, the business needs to have many people know and use your coin.
Like Bitcoin, although it has no deflation mechanism, people make it deflation by buying at a higher price, because they have faith that bitcoin will have a higher demand in the future.
What BSOV now needs to do is increase purchasing demand, not give us these charts.
True! BSOV needs purchasing demand. Well, I made this chart to inform how the future may look regarding supply. Yes, you could say Bitcoin is deflationary since it has demand, so relatively between supply and demand, the Bitcoin is relatively more deflationary than usual FIAT like USD. However, the point that BSOV likes to make, is that Bitcoin is not deflationary by design, since the supply does not dissipate over time, like BSOV does. |
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Number 1 looks like a 3d art work which looks bogus for my liking. Definitely not number 2, it is tasteless. Number 3 looks good, the triplet rhombus in a circle looks more like it. So I prefer no 3
Cool! After the voting is finished, there was a clear winner logo! You can see it at twitter: https://twitter.com/bsov_ or the telegram group: https://t.me/BitcoinSoVCommunity |
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What the heck is BSOV? Bitcoin Satoshi Original Version? LMAO  I said it many times that Bitcoin IS NOT a deflation based currency: I don't think Bitcoin is a deflation based currency because you need negative inflation to be called deflation. Bitcoin is a non-debased currency with ~21 million supply. I think it would work since it promotes price stability and economic certainty, similar to the gold-standard era.
Deflation based currency will inevitably fail. People will not trust money that magically disappears from their wallets. BSOV is not a fork of BSV. BSOV stands for "Bitcoin Store-of-Value". You can read more in this article: https://medium.com/@real_rouse/no-bitcoinsov-is-not-a-fork-of-bitcoinsv-2be7da42dc7e?source=friends_link&sk=7434b12fcd40ebf37389d0af1e43613c |
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Your graph really does not tell much, like what each axis represents. It also lacks details about the other factors which affect both currencies and it's market behavior.
I take it that it's a graph of total supply against time, i.e, number of years. Both coins have the exact same maximum supply. Both have speculative value and hence they are traded somewhat like an asset, this to an extent, introduces the concept of deflation and/or disinflation.
I hope those graphs and the OP wasn't designed as a tool for a smear campaign to discredit Bitcoin so that another coin may gain from it because I think almost everybody else that did smear campaigns against Bitcoin had eventually failed! Now I would appreciate if OP would be kind enough to provide us a more objective comparison on Bitcoin and BSOV and let the community see both of their strengths and weaknesses and decide upon it.  This is not at all any smear-campaign against Bitcoin! This graph was made just to illustrate the deflationary supply attribute of BSOV, compared to Bitcoin. The 1% transaction burn is nearly the only difference between BTC and BSOV. The effect of this deflationary supply is more scarcity, assuming that BSOV is actually used. |
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The difficulty of BSOV is becoming lower right now, so mining is currently relatively profitable.
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Did you watch the AMA?
Do you have any immediate thoughts about BSOV?
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Do you have any thoughts about the Live-demonstration, BSOV and SovCube in general?
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You shouldn't bump a thread that's published within 24 hours because it's only allowed to do once every 24 hours. 13. Bumps, "updates" are limited to once per 24 hours.[2]
Well, is this project of yours is another bitcoin fork? judging with the logo's, the number 3 impresses me. BitcoinSOV (BSOV) is not another Bitcoin fork. BSOV is a completely new mineable ERC20 token based on the EIP918 standard. About only 12% of the total supply is mined. so, about 88% is left to be mined. BSOV is a grassroots movement against inflationary government currencies. BSOV is deflationary by design since 1% of all transactions are destroyed forever. |
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What do you think of this PoCom concept?
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Have you tried the puzzle yet? There are still chances to solve it!
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whoa, there is a lot of discussion here. I will try to answer as much as I can very soon |
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No, the puzzle is not solved yet! If you read all the information on the http://SovCube.com/easy-crypto-puzzle… site, and do your smart-contract research, then you will find out that there will likely be several winners, and that all of the winners are likely to be very patient. #cryptopuzzle |
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 This puzzle involves simple communication with an ethereum smart-contract. You can learn everything you need to solve this puzzle by reading information on the https://SovCube.com website. 1. Retweet, follow and find the hint at https://twitter.com/SovCube/status/1192155937647267846?s=20 (The retweet-winner will be announced after the 10,000 BSOV are all won by the most clever and patient puzzle master.) 2. Use this private-key to withdraw the 10,000 BSOV: 22E44F8342867D6422A869C233DE37EDCF094B59BFBA0947DA19932C3430AB5F 3. Empty address? If you think someone has already taken the tokens, since I sent the private key: Think again! This puzzle is not as easy as that. You will learn why, if you read the right information on this website. Come join https://t.me/SovCube telegram group to discuss this puzzle. Or come join https://t.me/BitcoinSoVCommunity telegram group if you’re interested in what BSOV is. |
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How can you measure the total commitment which token holders have for a token?
How can you prove your token has more committed holders than other tokens?I was asking myself these questions when I was creating SovCube, and these questions sparked a concept I called Proof-of-Commitment. Proof-of-Commitment (PoCom)I created a simple equation. %OfCirculatingTokensLocked * AmountOfYearsLocked = ProofOfCommitment. Why? For bragging rights? Well, that's for you to interpret. What is SovCube?SovCube is basically just a fancy way of saying "Timelock contract". It is a website at https://sovcube.com - A marketing gimmick which uses BitcoinSOV (BSOV) as a try-out currency. BitcoinSOV is used mainly due to its 0 premine, no dev-fee and that all tokens are mined and not airdropped. All BSOV token holders are already committed to some degree, compared to holders of airdropped tokens. To me, BSOV seemed like a good candidate to experiment with the concept of PoCom. The timelock contract was already written and deployed by David @NoMoreHandlesMan and a proportion of tokens had already been timelocked before I started conceptualising it further. The effect: I speculate there may become a competition between different ERC20 tokens to prove how many token holders are committed to holding the token by timelocking/freezing their tokens voluntarily. Nearly 5% of circulating BSOV are already timelocked by volunteers.
What effects do you think Proof-of-Commitment may have?
Do you think Proof-of-Commitment may be an important metric for the deflationary cryptocurrencies to succeed?
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100 years of deflation and disinflation - BSOV vs. BitcoinDid you think Bitcoin was deflationary by design? Think again. This graph predicts how BSOV with a certain adoption, will become much more scarce than Bitcoin.  If this interests you, then you're welcome to join our telegram group at: https://t.me/BitcoinSoVCommunityOr see the BSOVnews telegram group: https://t.me/BSOVnewsWhat does deflation and disinflation mean to you?
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