Reasons to be bullish on BitcoinSV

[beerlover]

Let me explain you why it won't work ; it is owned by Craig Wright. Literally no other reason required to not trust BSV and why you should stay away from it. You can disagree with me, you can like him, but that doesn't change the fact that we are talking about a coin that has such a low liquidity that one big pump would take it over 100%+ and then dump it afterwards when everyone realizes and sells their coins.

On top of everything else, even the things you list are not really reasons to be bullish, who said we want to be government complaint, governments are the real reason why we moved away from Fiat and moved to crypto, who said we want to be part of the establishment, establishment is the reason why there is such a big gap between rich and poor, why would anyone think only coin out there that can have apps is BSV?

I can talk about all others but seriously, if you are brainwashed to like some fake phony dudes coin, there is no saving you. Also don't be against improvements, Bitcoin may not be like it is original protocol but that suppose to happen, we need to keep improving as in anything in life.

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[nutriagrigia]

People can create a lot of positive articles about this coin and try to describe how promising it is, but those people who stay on the cryptocurrency market a long time, will not believe a single word. we all understood that BCV is a coin that has to be sold at its first active growth. BCV is just a coin used to collect money from stupid investors. no offense

[GGmith]

Believe it or not that BSV will eventually become another shitcoin, none of that is going to make it bullish, but support and hype are just triggers for a pump. We will see later.

and that is nothing but a market trend, well I admit that the increase in BSV prices at that time was very significant and even at first I did not believe if it turned out to be real. but I think the rise and fall of a coin fork depends only on the original coin, and I don't think the coin fork will last long.

[judaspriest]

the right reason in my opinion is indeed in terms of graph analysis has met the right level, there have been speculations about the increase in BSV yesterday, look at the trading view, there are many traders who provide speculation

[tartibaya]

When bitcoin price goes up, altcoin prices go up in general. I think Bitcoin SV is a subcoin. However, if you think that bitcoin will replace it, you are wrong. I think it might be a different order. Maybe it will be a new fork. People may want to be injured.

[devioso8]

Research the Teranode Project on BSV if you think there is no news coming up for BSV

[emortal7]

Exciting month ahead. Time to show what we have built. Imagine being bearish on BSV

4th of February: Genesis Update
9th-16th of Feb: CambrianSV Camp
20th & 21th of Feb: Coingeek Conference London

[Aabcde]

I don't care what BSV will do even though it has a lot of updates. Because CW alone has claimed to be Satoshi which he can't prove. From here also it has been seen that BSV is only a lot of crap without proof, obviously only pump and dump.
I'm also not a fan of all fork coins. I think they are just trash that takes advantage of the moment.

[mrdeposit]

Exciting month ahead. Time to show what we have built. Imagine being bearish on BSV

4th of February: Genesis Update
9th-16th of Feb: CambrianSV Camp
20th & 21th of Feb: Coingeek Conference London

You should add february 3 to the list. It can be written in history as the day when we all got rid of bsv.

[emortal7]

It's been 10 years and Bitcoin still doesn't have human readable addresses.

BitcoinSV it's been 1 year and there's already HandCash


https://medium.com/@handcash/introducing-handcash-connect-its-time-to-build-better-bitcoin-apps-2f8e20eb5928

https://handcash.io/


Don't knock it before you try it.

INNOVATION AT IT'S FINEST

If you can't see why BSV is going to win, just end it.

[devioso8]

The Bitcoin SV [BSV] ecosystem has rapidly grown to approximately 400 ventures and projects around the world.   According to a regularly-updated chart (prepared by BSV project Peergame) that compiles information from BSV/DEVS, Agora.icu, GitHub and other resources, as of January 19, 2020, there were 394 known companies, services, developer resources, protocol layers and protocol projects built on or for BSV.   With new projects being announced on a regular basis, the number will soon surpass 400.

https://bitcoinassociation.net/bitcoin-sv-bsv-development-rapidly-grows-to-nearly-400-ventures-projects-worldwide/

[Sithara007]

because it has reached the lowest support point then Bitcoin SV does the PUMP correctly, plus there is positive news from their CEO, yes of course PUMP happens but soon BSV will come back down to look for another support point

At the most, a cryptocurrency (excluding Bitcoin) can have 2 or 3 major pumps. Bitcoin SV already had two (the first one in June 2019, and the second one ongoing right now). Eventually that coin is going to die, because we all know that Craig Wright is not the real Satoshi Nakamoto. But the big question is how far the prices can rally, before the eventual death of BSV. That will depend upon the number of people who are willing to consider the possibility of Wright being the real Satoshi. As of now, the proportion will be somewhere around 1-2%. If this proportion increases, then the BSV exchange rates will also increase proportionately.

[tippytoes]

because it has reached the lowest support point then Bitcoin SV does the PUMP correctly, plus there is positive news from their CEO, yes of course PUMP happens but soon BSV will come back down to look for another support point

At the most, a cryptocurrency (excluding Bitcoin) can have 2 or 3 major pumps. Bitcoin SV already had two (the first one in June 2019, and the second one ongoing right now). Eventually that coin is going to die, because we all know that Craig Wright is not the real Satoshi Nakamoto. But the big question is how far the prices can rally, before the eventual death of BSV. That will depend upon the number of people who are willing to consider the possibility of Wright being the real Satoshi. As of now, the proportion will be somewhere around 1-2%. If this proportion increases, then the BSV exchange rates will also increase proportionately.

I think most of them are just riding the hype. It is not the case that they do believe that CW is the real Satoshi. Because if he is the real deal, he should have provided the necessary proofs a long time ago. Most of them are just spectators and short term traders. I don't think a lot of its followers has long term vision for this forked bitcoin.

[emortal7]

https://unboundedcapital.com/research/why-we-invested-in-run

At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience. Accordingly, we are excited to announce that Unbounded Capital has invested in Run and looks forward to working with and supporting Brenton over the coming years.

Why Build Applications on Bitcoin?

We think the Client-Server model which has become ubiquitous in application development will transition to the Client-Bitcoin mode. Ultimately, we think applications which use Bitcoin’s public ledger as the server will have a distinct advantage over competitors who use private cloud servers. Why? There are a few key advantages.

1) Data on the Bitcoin ledger is immutable. Users can trust that their data will not be lost, corrupted, or changed if it is stored on Bitcoin. This same level of stability is not possible with private cloud servers or non-proof-of-work blockchains like EOS and Ethereum 2.0.

2) Bitcoin makes the creation of user-controlled digital property easy. Why leave control of your digital goods in the hands of others? Bitcoin makes it easy to maintain control over one’s digital property.

3) Bitcoin facilitates permissionless innovation. On Bitcoin one maintains control over their data and digital property. In traditional models, the business controls these. In these models your data ties you to incumbent platforms. On Bitcoin, businesses can compete to serve your data to you. Unbundling data and digital property from applications creates a new paradigm for competition and will result in unbounded innovation.

4) Bitcoin will become cheaper than existing solutions. Bitcoin’s operators, the miners, also benefit from permissionless innovation. Anyone can become a miner, compete to offer a better product and profit accordingly. Private cloud operators will struggle to compete with permissionless innovators over the long term.

5) Application development is simpler on Bitcoin. This is likely an exaggeration today, but soon Bitcoin will help to eliminate one of the big challenges for developers trying to build applications today, managing servers and customer data. By using Bitcoin, developers can avoid managing servers, externalize the cost of storing data (if they wish), and outsource the headache of having to follow modern data regulations by having applications store data on Bitcoin’s ledger rather than warehouse user’s data on company controlled servers.

6) Bitcoin makes it easier for applications to communicate. When data is stored on a global, public ledger, it is easy for applications to interact in real time. As more and more activity and information ends up on the Bitcoin ledger, applications that don’t participate will be cut off from the major engine of global commerce.

Why Build Applications With Run?

While many entrepreneurs have come to this same conclusion and are launching businesses which leverage these advantages, we are still in the early days of using Bitcoin’s ledger as an application backend. Up to this point, the absence of standard protocols and best practices for using Bitcoin in this way have limited the advantage that can be gained from this application infrastructure. This is where Run enters the picture.

Run is a platform to build apps and tokens on Bitcoin. Run solves several challenges at once for developers looking to build applications with a Bitcoin backend. Run is a protocol that applications can use to store data on-chain in a highly interoperable and functional manner. Run is also a platform that makes it easy for developers to integrate this on-chain data into their application. Best of all, this is all done in JavaScript, the most used programming language by developers today. Run makes it so easy to build applications that first-time developers have successfully launched applications on Run which would have been well outside of their capabilities using traditional infrastructure or dealing with raw Bitcoin.We believe Run’s founder Brenton Gunning has the right user-first attitude to create a platform that can dominate the application space on Bitcoin. Run has already proven to be the easiest way to build on Bitcoin and the features coming in the pipeline will solidify Run’s position as the simplest way to leverage the full benefits of building on Bitcoin. Ultimately, developers and users alike won’t need any special knowledge of Bitcoin to enjoy a far superior user-experience. Brenton keeps this goal at the forefront and has the vision and background to make it happen.As Bitcoin debundles applications from data, using data silos to create a network effect will cease to be a viable way to create a moat around one’s business. Instead, we will see standards and protocols as the new way of creating a strong network effect for tech businesses. We think Run will be one of these protocols and that Brenton’s ability to serve the network he creates will generate huge value for his customers and outsized returns for Run’s investors. We are thrilled to be working together and look forward to seeing Run and our other portfolio companies work to create the foundations of the new internet on Bitcoin BSV.

[devioso8]

https://coingeek.com/bitcoin-sv-and-everyone-else-how-we-won-the-protocol-war/

So what are Bitcoin SV’s key differentiators?

UTXO vs Account-Based Global State

Bitcoin uses the “unspent transaction output” (UTXO) model of accounting for the ledger, while blockchains like Ethereum utilize an account-based model. In short, the Bitcoin UTXO model is very simple to account for, and it allows massive parallelization of processing across the network. Complex functions can be pushed to the stack of available scripts which allow various types of virtual machines to function on top of transactions, but the base protocol layer is very simple and clean to settle—especially when transactions are malleable and unconfirmed transactions can be trusted to settle without being double spent.

This is crucial: the bitcoin UTXO model allows reorganization of blocks to have little to no weight in the settlement of unconfirmed transactions or the state of applications running in script.

Therefore, a closely connected, UTXO-based, small world network like Bitcoin SV, never hits a scaling ceiling. Speed and reliability will improve indefinitely as miners cooperate more closely with shared mempool management standards and increased containerization of node functions.

On the other hand, Ethereum (and many other blockchains like it) utilize an account-based system that is far less flexible, less scalable, and more prone to breakdown. Every new block must be settled on every single node to confirm the consensus of the entire global state. Rather than utilizing script atop a simple protocol, the entire Ethereum network is one big computer. It was designed from the ground up to utilize a non-standardized programming language called “Solidity” in order to deploy a largely untested Turing-complete state machine to the world.

The global state model creates many problems

Poorly written smart contracts can cause breakdown of the entire network because of the interconnectedness of all states of the machine. Bugs in smart contracts, multisignature wallets, dapps and other parts of the Ethereum ecosystem have made for large scale theft, permanent hard fork splits of the network and a host of other catastrophes. The exponential complexity of Ethereum compared to bitcoin has also allowed talented hackers to work their way across dapps and steal staked ETH from smart contracts by moving laterally across the network.

On top of the security and complexity issues for deployment, the biggest burden on Ethereum is that complex computations take time, and therefore Ethereum has a very low ceiling of scalability. As such, the introduction of proposals for “sharding” “proof of stake” “Ethereum 2.0” and “Plasma Network” have been floating around for years, but there is little evidence that any of these proposals are anything more than vaporware.

In short, the UTXO model is nimble and secure, while the account or global state model is cumbersome and prone to multiple vulnerabilities.

So Ethereum can’t scale, but why is Bitcoin SV better than other UTXO chains?

This is going to sound tragically simple, but Bitcoin SV is the only project in the history of UTXO blockchains to be brave enough to take the training wheels off. While every other blockchain is ruled by developers endlessly debating theories, the BSV Genesis protocol removed nearly every single limitation of the software to facilitate boundless scale as a data carrier and payments network with more superlatives than any other chain.

The Superlatives

• No Block Size Limit: The only limit to the number of transactions per block is the ingenuity of miners to attempt to mine and propagate blocks to the network.

• Higher Data Limits: Data per block is unbounded, and the data per transaction is best-in-class too!

• Network Topology: Nodes are miners, and any node that is not contributing more than it is taking from the network will get kicked off eventually. Incentives choose which nodes thrive, and the only nodes that thrive are those that cooperate best with the network by bringing the hardest competition. Every other network has an altruistic view of nodes, and that altruism signals their doom.

• World Class Development: Rather than giving the code to everyone on earth to tinker with on GitHub, Bitcoin SV is developed professionally by the Bitcoin SV Node Team in coordination with nChain and CoinGeek Mining. Furthermore, code audits are not mired by years of low-value debate, but handed from the Bitcoin SV Node Team to professionals like Trail of Bits to do paid security audits. The code is published as open source for transparency, but the development and testing phase is purely professional.

• The nChain Patent Portfolio: nChain owns over 200 granted, 800 filed and 1400+ patents in the pipeline; making them the #1 intellectual property owner in the blockchain space. These patents can be used in court against infringing competitors in the future.

• Legal Compliance: Bitcoin SV is the only chain in compliance with the protocols of the bitcoin white paper without encumbrances or compliance issues in regard to laws pertaining to digital signatures, currency issuance, securities/equities and other regulations around token issuance and proof of work.

Meanwhile, there are fewer than ten other actively developed UTXO blockchains in the top 50 coins by market cap. The other projects have either cultural problems or technical problems (most have both) that have led to roadblocks which have knocked them out of the running for use as a world class payments or data carrier tool.

Best examples of ‘competitors’

• BTC Core only allows about six megabytes of data per hour across the network. The scripting language has been truncated and transaction malleability has been removed. As such, BTC is not even attempting to compete in this arena, so it is not a consideration for data or payment usage at a useful scale. By default, Litecoin also fails on this front as it is a very closely developed sister project to Bitcoin Core. It is a common axiom for people to refer to BTC as “gold” and LTC as “silver,” and as such, the economies around both projects are not interested in much more than the speculative asset price.

• The Lightning Network is hailed as the solution du jour to all of BTC and LTC’s scaling woes, but there are so many problems that they are hard to parse down. In short, Lightning Network reintroduces multiple sybil attack surfaces and the Byzantine Generals Problem. It also has multiple game theory issues as there is no profit motive to run a node. Participation in the Lightning Network either requires an unusual amount of trust or a high water mark of technical prowess and infrastructural investment – again without profit motive. Furthermore, all Lightning nodes are likely money transmitters which require licensing and insurance to operate legally which is unfeasible because – for the third time – there is no profit motive inherent in participating in Lightning Network. As such, Lightning Network is not really a competitor to Bitcoin SV and introduces no competitive advantages to BTC or LTC.

• BCH was a promising project for about a year, but the introduction of Canonical Transaction Ordering (CTOR) and Schnorr Signatures has removed its functionality as a reliable timestamp server and bitcoin-style chain of digital signatures. With the further loss of malleability, many of its capabilities in higher level deployment of applications is also reduced. The developers replaced some of those functions with new Op_codes that work differently, but the use-cases have been very specifically targeted at payment functions, and the Bitcoin Cash community has eschewed anything to do with data services. The developers from Bitcoin ABC (the de facto reference implementation of Bitcoin Cash) have also ceased nearly all research into parallelized processing and block size scaling, and instead have created a rift with Bitcoin Unlimited and Bitcoin.com. This has led to little more than Bitcoin Cash’s culture being defined primarily by discord and bickering, so it is hard to estimate where the project is even attempting to move long term.

• The other UTXO-based blockchains in the top 100 by market cap are probably not worth mentioning—so I won’t.

What about EOS, Tron or the other smart contract platforms?

The best way to describe any of the other smart contract platforms is that they are just variations on Ethereum. Rather than proof of work, most utilize a proof of stake or delegated proof of stake model. Some may utilize slight variations of “gas” for contract deployment or have faster block times. They typically have centralized validator node ownership and protocol governance. While some of them have quality virtual machine tools or allow development with simpler language like JavaScript, they all have gaping imperfections.

The superlatives inherent in these platforms must most often be tempered against the fact that consensus is chosen by an oligarchy that printed their token out of thin air. Tron, for example, is almost completely centralized in the hands of their controversial CEO Justin Sun. Meanwhile, EOS has reversible transactions because of their DPoS governance model and use of a sort of “supreme court” that can go back and choose new rules by decree. IOTA introduces ternary (instead of binary) code, and pushes all transactions through a central validator node called “the coordinator,” and there are a million things to lambaste about Ripple and Stellar’s emission and consensus models controlled almost entirely by their internal corporate “validators.”

So who is competing with Bitcoin SV?

This is going to be a hard, red pill for “ThE bLoCkChAiN cOmMuNiTy” to insert, but the only real competitors for Bitcoin SV are a mix of the global payment networks, data carriers and cloud computing platforms. It’s true: Bitcoin SV has leveled up to the point where its only competitors are the big players competing alongside Visa, Mastercard, Verizon, Comcast, Microsoft Azure and Amazon AWS.

Every other blockchain is mired in a scaling war, governance fiasco or has some other deep, fundamental flaw with its culture or technical architecture. As such, Bitcoin SV should not be grouped in as a “blockchain project” in perpetual beta mode. Rather, Bitcoin SV should be analyzed uniquely as a world-class, emergent business tool on the cusp of revolutionizing data and money transfer for the global economy.

Any other key differentiators?

Of course! Bitcoin SV has some of the most unique and insightful tools being built atop it by talented developers utilizing the unique properties of the blockchain.

Planaria Corp, Twetch, HandCash, Moneybutton, UNISOT and many others have flocked to the first blockchain that rewards them for their tenacity! Long dead are the days of debating who is allowed to transact on-chain because Bitcoin SV is designed to handle everything that can be thrown at it. 

But, the most important differentiator, and the thing that enables all of this grandeur, is the fixed protocol. Bitcoin SV is set in stone with unlimited scaling abilities. What that means for businesses is that they can rely on the blockchain not to break or shift beneath them. This is why we have seen a mass exodus of entrepreneurs come to Bitcoin SV from Ethereum, EOS, Tron and elsewhere. It is also why global businesses seeking reduced transaction friction and increased data integrity are taking a look at the first “finished” blockchain as a commodity ledger and enterprise business tool.

You might not know it yet, but we have already won.

[emortal7]

Bittboard Public Launch

BittBoard’s “spatial commerce” product was publicly launched. Bittboard offers an SDK that allows developers and advertisers to increase conversion rates by transforming any image into a point of sale without the need for QR codes.

Check out their official launch blog post here — https://medium.com/@jimmyodom/introducing-bittboard-the-spatial-commerce-co-16389133391f
SPV Mining with a Surprise Guest

Dr. Craig S. Wright surprised the CambrianSV attendees by joining a panel focused on SPV and featuring Ryan X. Charles, Steve Shadders, and Nithin Mani. Craig described the reasoning behind the structure and its inclusion in the whitepaper in detail.

Check out a recap of the panel livestream here —

https://www.pscp.tv/w/1djxXQbqMgdKZ
Q&A Session with Dr. Wright

Ryan X Charles hosted a live Q&A session for CambrianSV attendees with Craig S. Wright. The audience posed multidisciplinary questions about topics ranging from Bitcoin’s pseudonymity to the legal concept of trusted third parties.

Check out a recap of the Q&A livestream here —

https://www.pscp.tv/w/1OyJAYmDNMbJb