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Author Topic: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision (Important Announcements)  (Read 4689 times)
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Bitcoin SV
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January 01, 2020, 08:52:59 AM
 #41

Miners to increase BSV hashing power diversity
Application development, transaction volume and market cap won’t be the only things migrating to the Bitcoin SV blockchain in 2020, miners will as well. New and established bitcoin miners will continue to increase the diversity of hashing power on Bitcoin SV throughout the year. This trend started in the second half of 2019 (after the Quasar protocol upgrade) and shows no sights of stopping anytime soon. The increased competition in the bitcoin mining space will spur benefits to the entire BSV ecosystem as professional mining operations look to innovate and specialize. The inclusion of ‘miner id’ will allow for customized specialty mining business models to evolve.



As transaction volume continues to increase on Bitcoin SV from Enterprise usage, so too will revenue from transaction fees making it the only viable option for miners looking to turn a profit after the halving. As one of the biggest bitcoin miners on the planet, I understand the importance of additional revenue streams required to make that side of my business sustainable long term. That means unlimited block size caps and lots of microtransactions paid for by micropayments. Bitcoin miners will move to the chain that has the most revenue potential for their proof of work. Bitcoin SV is the only chain in town.

The BSV blockchain will also see variable rate mining for the first time in Bitcoin’s history. This will allow the miners to lower the amount they charge per byte of data (and thus per transaction) for high volume customers which will further increase demand for on-chain transactions. New features will also enable miners to dynamically peg their fees to fiat currency prices (rather than only satoshis per byte), to give enterprise users the price certainty they want for budget planning purposes. This type of fiat currency pricing is exactly what publicly traded companies and other big enterprises need to start increasing their use of the Bitcoin ledger for applications, price stability and future clarity.

Source: https://coingeek.com/calvin-ayre-2020-is-bitcoins-year-of-enterprise-adoption-kick-ass-utility
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January 01, 2020, 10:59:10 AM
Last edit: January 02, 2020, 10:49:48 AM by hv_
 #42

Happy New Year. Next year would be very successful for BSV. The scaling stage is completed, we proceed to the introduction of institutional tools


Happy New Year!


What an exiting year we are able to anticipate.


BitCoin will be restored and made fully enterprise scaled ready


Stable for all the new Metanet Apps incoming


Easy to access for coders and entrepreneurs

Welcome CBD

https://mobile.twitter.com/CoinBlockDesk/status/1212325851863252993

https://coingeek.com/calvin-ayre-2020-is-bitcoins-year-of-enterprise-adoption-kick-ass-utility

Its starting over already

 Grin

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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 02, 2020, 11:20:02 AM
 #43

This thread

https://twitter.com/boaserichard/status/1212473243279343616

Worth reading imo

Carpe diem  -  understand the White Paper and mine honest.
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January 03, 2020, 09:38:57 AM
Last edit: January 03, 2020, 10:50:12 AM by hv_
 #44

Big Blog Train 2020

It's rolling on stable tracks





Welcome BitCoin getting 11

https://coingeek.com/bitcoin-genesis-block-constructed-11-years-ago-today/

Carpe diem  -  understand the White Paper and mine honest.
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 04, 2020, 02:56:55 AM
 #45

Big Blog Train 2020

It's rolling on stable tracks


Welcome BitCoin getting 11

https://coingeek.com/bitcoin-genesis-block-constructed-11-years-ago-today/

did the bonded courier arrive ?
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January 04, 2020, 11:13:56 AM
Last edit: January 13, 2020, 12:19:49 PM by Virsec
 #46

BSV is not Original Bitcoin & CSW is not Satoshi
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January 04, 2020, 06:07:33 PM
 #47

Hm?

The rolling scaling and code refactoring train must ve brought back the trolls

So BitCoin is best represented with ticker BSV, no matter if any courier or troll comes in or not


Happy 2020!

Carpe diem  -  understand the White Paper and mine honest.
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 05, 2020, 07:53:31 AM
 #48

This thread here is about BitCoin, not ppl

Go talk about ppl somewhere else like

https://bitcointalk.org/index.php?topic=5214053.msg53523834#msg53523834

Carpe diem  -  understand the White Paper and mine honest.
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 05, 2020, 07:07:37 PM
Merited by hv_ (1)
 #49

CSW is NOT Satoshi and BSV is NOT Bitcoin.
CSW is Satoshi. Proof:  https://bitcointalk.org/index.php?topic=5154098
BTC is not Bitcoin. Proof: https://bitcointalk.org/index.php?topic=5211374
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January 05, 2020, 07:33:17 PM
 #50

CSW is NOT Satoshi and BSV is NOT Bitcoin.
CSW is Satoshi. Proof:  https://bitcointalk.org/index.php?topic=5154098
BTC is not Bitcoin. Proof: https://bitcointalk.org/index.php?topic=5211374

Yep. Very easy to verify. BTC is only Segwit+RBF+LN BlockstreamCoin. Nothing matches to the chain of signatures definition of BitCoin any more.

Just keepin a ticker and wannabe brand by not having support by the owner of the copyrights does NOT help trolls.

Cheers

Carpe diem  -  understand the White Paper and mine honest.
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 06, 2020, 12:54:55 PM
 #51

The whole significance of the 2020 genesis upgrade is to ensure the protocol cannot be changed, yes, that means Craig cannot change the protocol. No matter how much one can slander Craig and Calvin, the fact of the matter is BSV is producing more transactions daily than both BTC and BCH. Price will follow as miners inevitably will chose the most profitable chain.


Source:

Coin.dance


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January 07, 2020, 12:32:20 AM
 #52

Saturday Satoshi Show - Why CSW is Satoshi / Why BSV is the Real Bitcoin / Bear Market
https://youtube.com/watch?v=v5xLwXhHQPw
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January 07, 2020, 10:36:08 AM
Merited by Bitcoin SV (1)
 #53

Saturday Satoshi Show - Why CSW is Satoshi / Why BSV is the Real Bitcoin / Bear Market
https://youtube.com/watch?v=v5xLwXhHQPw

A more recent 'show' here

https://soundcloud.com/blockchain-journeys/craig-wright-the-real-man-behind-the-fake-satoshi

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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 08, 2020, 01:45:23 AM
 #54

TAAL lowers Bitcoin SV transaction fees to support enterprise blockchain applications
https://www.globenewswire.com/news-release/2020/01/07/1967203/0/en/TAAL-lowers-Bitcoin-SV-transaction-fees-to-support-enterprise-blockchain-applications.html

VANCOUVER, British Columbia, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Taal Distributed Information Technologies Inc. (formerly Squire Mining Ltd.) (CSE:TAAL) (“TAAL”) is pleased to announce that it will be implementing the following changes to transaction fees charged by its cloud computing operations on the Bitcoin SV ("BSV") network:

A reduction in the transaction acceptance fee (-blockmintxfee) from 1 satoshi/byte to 0.5 satoshis/byte.
A reduction in the relay fee (-minrelaytxfee which is the minimum fee required for double spend protection and for relaying of a transaction) from 1 satoshi/byte to 0.25 satoshis/byte.
In an additional, but unrelated, change the restrictive limit of 25 unconfirmed ancestors will be immediately raised from 25 to 50.
Joseph Chin, Chief Mining Officer and Corporate Secretary of TAAL explains: “TAAL is reducing these transaction fees as a short-term policy in order to support long-term growth of applications which generate high-volume transactions on the Bitcoin SV blockchain. This is another step in TAAL’s leadership role to support use of the Bitcoin SV blockchain for large-scale enterprise applications. We believe that this step is needed to generate high volume transactions and more overall transaction fees in order to sustain blockchain cloud computing operations profitability in the years to come.”

Currently, the transaction fee component of the block reward in Bitcoin SV mining represents a very small amount of the revenue earned for each BSV block successfully won by a miner.  (For reference, the BSV block reward currently consists of a fixed subsidy amount of 12.5 coins, with a transaction fee component averaging approximately .0191 coins as at January 6, 2020, according to BitInfoCharts.com data).

TAAL does not anticipate the transaction fee change to materially impact the profitability of its BSV cloud computing operations at this time and anticipates that the change will incentivize more enterprise blockchain applications to engage in a high volume BSV transactions, which would be beneficial for greater opportunities and profitability in the long term.

Why is TAAL changing its BSV transaction fees?
“TAAL is an advocate for changes that will allow miners to price fee structures in fiat currency terms alongside satoshi units in order to give certainty of future fees in contractual relationships with enterprise users,” observes Stefan Matthews, Chairman of the board of directors of TAAL.

On the bitcoin network, transaction fees are paid to miners to have a transaction (including data) added to a block and written to the blockchain. Currently, the transaction fee is expressed in the number of satoshi (the smallest divisible unit of a bitcoin) per byte of data, rather than as a fiat currency price. Therefore, the monetary amount in fiat currency of a transaction fee fluctuates due to the market fluctuation of the coin price. This fluctuation has a more significant impact on applications that generate large volumes of transactions on the blockchain. This is happening now on the BSV blockchain, as applications are taking advantage of the BSV blockchain’s greater data capacity to generate transactions which write large amounts of data to the blockchain daily. For example, the BSV applications WeatherSV and Preev generate over approximately 100,000 transactions per day.

As a result, business participants in the BSV ecosystem have recently begun to explore alternate transaction fee models that provide, in fiat currency terms, greater reliability for BSV business applications – including business deals for miners to directly handle a particular application’s set of transactions for negotiated fee rates or development of tools that enable greater fee customization to be offered by miners to applications.

This evolving fee marketplace is new to bitcoin; it was not possible on the Bitcoin Core network due to its smaller block size and significantly higher transaction fees. This new fee marketplace is only recently enabled by BSV’s greater data and microtransaction capabilities. This is expected to present excellent opportunities for TAAL to take a leadership role in exploring innovative fee options, and find its unique niche, in BSV’s emerging transaction fee economy.

Additional Change: Raise Transaction Ancestor Limit
Additionally, TAAL is also immediately raising the restrictive limit of unconfirmed transaction ancestors from 25 to 50 for its BSV mining. The 25 ancestor limit was inherited from Bitcoin Core (BTC) which does not have BSV’s vision to create a Bitcoin network with high volumes of enterprise data transactions. This is a first step in raising this limit on the BSV network. Although this change is unrelated to TAAL’s reduced BSV transaction fees, it has a similar goal to support enterprise blockchain applications on BSV. A higher limit of 50 unconfirmed ancestors is expected to enable business applications to create longer sets of chained transactions before they are mined in a block.

Periodic fee monitoring & future plans
TAAL is committing to regular review of the above announced lower Bitcoin SV transaction fee rates with respect to fiat equivalents in order to maintain a fiat-stable transaction fee rate. Providing a fiat-stable transaction fee rate is expected to help incentivize more enterprises to use BSV for data applications, as big businesses generally want predictability in their costs. TAAL is expected to adjust its BSV transaction fee rates (currently expressed in satoshis per byte) as relevant to respond to market forces.

“Genesis” hard fork on Bitcoin SV – change to default fee rates
The Bitcoin SV network is preparing for a hard fork protocol upgrade on February 4, 2020 (code-named “Genesis”). TAAL notes that one of the changes included in the Genesis hard fork beta release of the Bitcoin BSV Node software is a change to the default fee rate to 0.5 satoshis/byte and a change of relay fee to 0.25 satoshis/byte. Once this software release is widely deployed among miners, which is expected to occur in January 2020, there will be consistency in overall fee rates which will enhance the 0-confirmation (instant transaction) properties of the Bitcoin SV network.

Precautions for BSV network participants
Until a lower relay fee rate is widely adopted, it is NOT zero-confirmation safe to send transactions with a fee rate below the old default rate of 1 satoshi/byte.  For transactions that involve two parties without trust, the fee rate should remain at 1 satoshi/byte until after the Genesis hard fork of the Bitcoin SV network (scheduled for February 4, 2020).  Transactions that do not involve a counterparty can take advantage of the lower fee rates immediately (e.g. data transactions from applications like WeatherSV, who negotiated BSV transaction fee deals directly with miners).
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January 08, 2020, 05:31:33 AM
 #55

Updates your nodes

https://mobile.twitter.com/justicemate/status/1214659670641561601

Genesis is coming.

(Nice music btw)

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January 08, 2020, 09:36:53 AM
 #56

Osmin Callis: Bitcoin SV offers Everything iGaming Needs
https://news.tunf.com/osmin-callis-bitcoin-sv-offers-everything-igaming-needs/132908

Many things go into making SiGMA conference a success, but perhaps the most important of them all is the people you are likely to meet, and how they may make great partners in the days to come.

Present at this conference this year in full force to market blockchain technology are nChain and Osmin Callis and they were joined by Becky Liggero Fontana to talk about the importance of Bitcoin SV in the gambling industry.

nChain invests a significant portion of their time on developing blockchain; however, they are also great advocates of the technology’s adoption within the enterprise world. According to Callis, this is a subject they constantly talk to people about, and many people are reaching out to know more about it.

A common misunderstanding with regards to blockchain and Bitcoin technologies is that they are both only applicable in payment processing systems. As she notes, it can be used in many other fields. She explained that anyone can apply it in compliance, pre-verification, artificial intelligence as well as intersections through the capacity to build up huge data sets structured in ways that gaming and artificial intelligence can benefit.

She also took time to acknowledge the efforts by a gaming innovator who operates in the BSV space. She stated that the company understands the needs of this space. The company she spoke about is one BitBoss, a firm that has developed Bridge protocol that lets customer use cryptocurrencies in physical slots. This system, she adds, is founded on blockchain technology.

But, smaller blockchain projects have thronged the space, leading to substandard products and solutions to the issues that operators have. According to Callis, it is only BSV that is the answer to every issue. In her view, Bitcoin blockchain technology is founded on four important pillars with regards to value proposition.

There is stability, scalability, security as well as instant transaction. Besides that, what this allows the blockchain technology to offer users is an interoperable, global layer, since it runs on an open platform. Since it is possible to make payments, then a firm can easily automate via smart contract technology, payment processes and many other permissions in related services.
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January 08, 2020, 10:12:41 AM
 #57

Is it correct that csw is a fraud?

THE NEXT 24 YEARS ARE CRITICAL
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January 08, 2020, 12:16:44 PM
Last edit: January 08, 2020, 12:26:46 PM by hv_
 #58


It is correct that CSW wants BitCoin to stay maximum compliant

Goes WITH law and gov

Goes against anos, anarchos , trolls

that this does not happen to BitCoin in any case

https://bitcointalk.org/index.php?topic=5215840.0#new

>> sure, many don't want CSW to speak


He did here

https://soundcloud.com/blockchain-journeys/craig-wright-the-real-man-behind-the-fake-satoshi#t=0:00

https://www.youtube.com/watch?v=Qal1leB05DQ


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January 08, 2020, 01:13:05 PM
 #59

TAAL lowers Bitcoin SV transaction fees to support enterprise blockchain applications

https://coingeek.com/taal-lowers-bitcoin-sv-transaction-fees-to-support-enterprise-blockchain-applications/

Carpe diem  -  understand the White Paper and mine honest.
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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January 08, 2020, 03:52:33 PM
 #60

Excuse me, does Bitcoin SV suck hv_, or is it the other way round?
For example Craig gives Calvin an occasional blowjob, but sometimes it's vice versa.

Do you follow the sucking protocol motherfuckers?

Nice thread btw. Very clean. I dare you to delete this post.
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