BSV

the_bueg

You seem to be confusing "blockchain" with "bitcoin". Some of what you said is true about Bitcoin - not blockchain technology. There are legitimate criticism of blockchain technology in general. But very different than the ones you listed for bitcoin. Algorand, for example, has it's pros and cons but none of the ones you listed. The copy/paste criticism is pretty rediculous though. Being open-source is one of cryptos greatest strengths, not a weakness. There are over 100 hard forks of Bitcoin alone. How many can you name? I can think of three - because I got coins in my wallet from their forks: BCH, BSV, and Bitcoin Gold, whatever the symbol is. All essentiall worthless now. There are thousands upon thousands of forks of various crypto projects. Few of which have gone very far, and almost none of which hurt those they "copy/pasted" from. Literally the only exception to that, is Ethereum. Depending on who you ask or how you define it, ETH is the copy/paste fork, and ETC is the original - and yet ETH went on to win. In fact ETH went on to fork again from PoW to PoS while ETC continued to not fork. To this day ETC maintains the entire original PoW tx history.

dos_passenger58

I think instead of BCH, you're thinking of BSV

Analog_AI

Craig wright went with large block sizes and this led his BSV fork to become centralized and to have reversible transactions. This is not why Bitcoin was supposed to be. So people didn't join his bitcoin fork and nobody believes his claims to be satoshi. And he isn't.

TinyGrade8590

You can do it numerobook.com USDC from Polygon/Sol, Bitcoin, BSV. Peer to peer. You can buy any crypto for 0 fees

slash_networkboy

only one of them... It takes only one miner to initiate a fork, now of course if only one does it it won't gain any traction... but BSV is a great example of not "all of them" agreeing. To OP there will only be a finite amount the same way that 4 bits will only ever allow a total count of 15d or Fh.

crunchyeyeball

It's a Bitcoin (BTC) address. The message is saying you should only send Bitcoin (BTC) to the address. You should *not* send anything else to the address, such as Bitcoin Cash (BCH), Bitcoin SV (BSV), ETH, ADA, gold bullion, sandwiches, bovine waste, etc.

DBRiMatt

I was going to buy 50k worth of Bitcoin, but that wouldn't even get me 1 whole Bitcoin. Instead I bought 10,000 BSV's! - Someone... probably

Lillica_Golden_SHIB

I would usually say "we are at cc, everything is possible", but even BSV looks like a stretch

inShambles3749

BSV? The shitcoin that got hacked multiple times and belongs to Me wrong that filthy piece of shit who tried to claim that he's Satoshi nakamoto? Yeah go ahead have fun with that lmao

I_Hate_Reddit_69420

Why in the world would anyone want to buy BSV

Fear_Blind83

Plenty of exchanges have BSV trading pairs 🤷‍♂️ https://coinmarketcap.com/currencies/bitcoin-sv/#Markets

NoChanceItsHer

Find yourself doing something other than throwing your money at the scamcoin BSV. I guess you've heard of Craig Wright or...? Buy Bitcoin. STFU.

ComprehensiveCrab50

Use BCH. Or HBAR, XLM, BSV, NANO. If you're gonna use a potentially coopted currency anyways, at least use one with upside potential and fees low enough to actually be usable as currency

Motor-Ocelot-9345

Those other copies and forks you're talking about aren't Bitcoin (BTC). Just like BSV is not BTC BCH is not BTC Nodes run on consensus - if it's not BTC it's not on.

mwdeuce

XRP is the 3rd most repugnant crypto. 1st and 2nd are BSV and BCASH, resp.

tungfa

es gibt kein andere BTC , viele haben es versucht (Bcash, BSV …) , und alle haben bewiesen das nur BTC BTC ist - fair launch and all

Sea-Caterpillar-1700

BTC derivatives. LTC, BCH, BSV, DGB.

diradder

You can repeat "NGU" all you want, nobody is talking about price here except you, it is a typical strawman. Spinning up nodes doesn't change much besides signaling something about users to miners (eg.for an UASF)... but it is only one minor part of what miners consider when they choose a node implementation. You didn't make any sound argument, you simply claim that since Bitcoin Core dominate the share of nodes currently running, the devs control the network and / or its future, but since you don't substantiate this control in any meaningful way, and since this situation can change very easily/cheaply if node operators don't update or move to another node implementation (of which there are many used in production), your claim falls flat... and your musings about hijackings when we simply see consensus working as expected are also not really worth addressing. >First they laugh at you >Then they fight you >Then you win >Then they ignore you. Yikes, Bitcoiners have laughed and maybe fought few weeks against Bcashers (who used every dirty trick in the book to try to confuse people about Bitcoin as a brand) back in the end of 2017 and early 2018... but it got old quickly, and once Bcash died its slow death promoting more scams with multiple additonal forks (like BSV) or their broken "token" impementation... so this cringe quote really doesn't apply here. You are never winning this, people don't like getting scammed. Go away.

Roland_91_

As an example. You own Bitcoin, and when you die you want that Bitcoin to be automatically transferred to your sister.  Bitcoin cannot do that. You need to store the keys with a lawyer who then passes them on in the event of your death. BTC requires the system to function because yes it is hard money, but it is "only" hard money. It doesn't do anything else.  A smart contract means you can program your money, and set up a time locked  transfer, or automatically pay out loans, or prove ownership of things, track things, and perform actions when certain criteria are met like paying it the winner in a poker game without having a centralised casino as the third party(this still cannot be done by any chain). I hold NFTs that are tied to African housing and mortgages which pay me every month. You can't do that on Bitcoin because there is no way to do it. Bitcoin was the first hard money, but litecoin is equally as hard, as are the dozen or so variations like BCH BSV, BCG, BCD...and so on. Cardano is fixed cap and provably as secure as Bitcoin. Just through a different mechanism. A window and a door are the same but different. 

RaisePuzzleheaded26

I think the big thing people are missing is that the government is potentially holding BCH and BSV. Confirmation is going to make those coins rally hard.

intelw1zard

Well BSV was created by a lunatic and a scammer so I hope not.

Smiling_Jack_

I heard they're going to add BSV and ETC to the strategic reserve next.

ChaoticDad21

Yeah…nothing like hard forks to create division within a chain. Both of those (and BSV) have done nothing but slide too. The consensus can say to undo some transactions, but that’s still very shitty.

coxenbawls

How did we get BCH and BSV? Anyone can fork eth or btc any time, that's just blockchain basics. The DAO hack was handled by forking out the hacked eth, subsequent transactions were never rolled back, unlike the bitcoin overflow bug. But to the main point, there is zero chance of eth forking or rolling anything back now that it's a mature network. Remember that they did nothing to save a $billion in locked Parity funds, i.e. EIP-999 was rejected

AwesomeKalin

Meanwhile BSV can do up to 1M TPS with 0 failures

typtyphus

BSV

B-ILL2

BSV we have the weather on chain.

BeginningBeautiful69

546 satoshis is the standard dust limit for Bitcoin transactions using legacy P2PKH outputs (these first type that start with a '1'. This means that any transaction output smaller than 546 sats is considered dust and miners may reject/ignore it. Originally the number was based on a calculation of how many bytes is used to take to send the transaction and making sure that it didn't cost more in fees than the output, clogging up the network. As there are now more efficient ways to send transactions the numbe rof sats considered dust is technically lower, but 546 seems to have stuck as a marker. Google 'memo BSV spam advertising' and it will lead you to some interesting old threads on this topic.

Dettol-tasting-menu

Won’t be in fiat. It will just be another 1 BCH, 1BSV, etc Pretty much worthless

transatoshi_mw

BSV = Bitcoin Satan version

BeginningBeautiful69

Some wallets will allow you to freeze/lock UTXOs if you don't want to spend them. Sounds like you know this already but some companies use small amounts of btc to track addresses or advertise (for example memo BSV) - commonly called dusting. As you've described though, the similarity of the address to yours means that this is a 'poison address' attack. As long as the fees are low enough, it won't hurt you to spend the 330 sats. If you're doing it right, you're not reusing addresses in Bitcoin anyway. Poison address attacks are more common on chains that generally use static addresses (Ethereum / EVM).

BuyHighValueWomanNow

> No reputable exchange would ever list BSV. You keep mentioning Dr. Wright and BSV. That indicates you are infatuated with them; you must really love them or else you woulldn't keep mentioning them lol > lightning transactions eventually end up on chain. If they end up on-chain, in a peer to peer manner, then why use lightning? If they don't show up in a peer to peer on-chain, why use lightning? What is wrong with your layer one? It must be clunky, slow, and inefficient! Damnnn!!

sgtslaughterTV

> All major exchanges have scam coins on them. Your point? No reputable exchange would ever list BSV. >If it isn't on-chain then there is no global proof, no immutable ledger lightning transactions eventually end up on chain. stop being disingenuous.

PirateSKB

I actually just thought about something, there's been so many projects here shilled over the years. Has anyone ever stopped to think that the cycle changes over time, and many projects will die and won't recover? Shouldn't we be looking into new projects that weren't shilled here before that might even do a 10x (or 100x) during an alt season? Examples of alts shilled here over the years : Eth, XVG, Raiblocks (Nano), Xtrabytes, Bomb, Harmony One, Cro, Nullex, BCH, Matic, Shiba Inu, Dot, Aave, Vechain, Kas, Grt, ICP, Nexo, Cel, ETC, EOS, Jasmy, XTZ, BSV, Antshares (Neo), Mana, Ampleforth, Dash, Yearn Finance, Sushi, Cartesi, Celr, Bitconnect (before it became a meme), Banano, Syscoin, Cosmos, Steem, etc

polymath_uk

Thanks. I've got a handful of LTC from years ago and BTC/BCH/BSV from when the forks happened. It doesn't seem that I need to modify my modest portfolio. 

thegtabmx

With the logic, then just buy BSV or TRAC.

_IscoATX

But the BSV website told me he is protecting the true Bitcoin! How could they jail Satoshi?

DeviljhoFood

Capital "Bitcoin" is a protocol and would rarely, if ever, be pluralized. Maybe you could say "BSV and BCH are Bitcoins," but it doesn't really sound right. Lower-case "bitcoin" is a unit, and it is pluralized when you have more than one. For example, "I have 5 bitcoins." As u/longonbtc pointed out, [Satoshi himself used the word this way](https://old.reddit.com/r/Bitcoin/comments/1hgiqiw/the_word_bitcoin_is_plural/m2khfqb/).

_IscoATX

Obviously it’s Craig Wright. BSV is the real Bitcoin /s

SatoshisButthole

Lol BSV

f0o1g11

when you forget that things like $BCH and $BSV exist...

Agronopolopogis

LTC, BVH, and BSV come to mind. If we remove the "no entity" control requirement, options explode. A governing council of any form isn't inherently bad and allows for continuous growth and development to maintain parity with the needs of the present-day climate.

Madmanindahouse

Had 8.5k 2x that money on BSV. Bought 3btc did a 3x leverage trade on bitmex. It dumped from 6k to 3k and then I went to my bed and cried.

zachmoe

Bitcoin is a reverse fork of the Real Bitcoin (BSV).

TheGreatCryptopo

BCH and BSV. Both confined to the shit pile of history.

RatherCynical

Superior monetary policy. The monetary policy of the dollar is central bank controlled. Reducing interest rates has the effect of increasing the rate at which new money supply enters the economy because money gets duplicated every time a loan is made. If the government wishes to spend money it doesn't have, and other countries or investors won't buy the debt, the government can give the central bank the authority to be the buyer of last resort. The central bank buys the asset using a loan they issue. But where does that loan money come from? Nowhere. The central bank has a master key to the financial system. They can simply enter a number to add as much money as they wish to the economy. We saw this happen during the pandemic response. Not in developing countries. In the United States, the European Union, and the rest of the G7 countries. The QE that happened since the Great Financial Crisis became small in comparison. This actually gets worse in future crises. The working age population of the country is shrinking. The older people are living longer. They're retiring, needing social security, putting pressure on healthcare, needing Medicare, and Medicaid. This means the US and other developed countries (especially the United Kingdom, Germany, and so on) are forced to borrow more money in the future that nobody has. This is a deeply structural, demographics based issue. It is a train that can not be stopped. The only way politically acceptable is to simply provide more liquidity, with bigger bailouts, and much bigger QE in the future. The loss of value of dollars will accelerate over time. To store your wealth, you must carefully consider the monetary properties of your money. Gold has supply dynamics that make it resist monetary supply inflation. Bitcoin is simply a faster version of that. Bitcoin is also the most secure money in the world because it is impossible to attack or commit fraud against without first controlling more hashrate than the rest of the network combined. The security model is the infrastructure and energy required. The cost of the security model also prevents the bubble from ever popping back to old lows. When nobody on earth can find a new Bitcoin for $3k or $100 anymore, the higher prices become the new normal. The amount of future Bitcoins emitted is guaranteed by the protocol to go down by 50% every 210,000 blocks. The security model also means that game-theorerically, nobody chooses a clone. People argue that anyone can copy the code or that thousands of new coins are created. This is not good reasoning because no one in their right mind stores wealth in an insecure protocol vulnerable to attack (see: double spending attacks on BSV) The supply shock combined with the hoarding effect (both because everyone wants to own as much of the money supply as possible, and because of the fiat debasement described in the earlier paragraphs) causes these cyclical patterns of manias and depressions. If you're unfamiliar with supply shocks: Think what happens when a drought affects the amount of produce that gets grown. Or what happens to car prices when there's a supply crunch for making chips. Or what happens to egg prices when there's Avian flu. The prices usually re-normalise later because the higher prices motivate supply to be brought back online. Bitcoin is different. It is programmed in a way that old supply can never return. And new supply shocks are always coming in the future.

jawni

😬 that's basically what this guy predicted, hopefully not a top for everything... >Now that we're durably into new BTC highs, I'm going to make a series of my own personal top signals in a bit, but want to share one early: Look at retail bags that don't really get a crypto-native "i'm buying this because I know retail will bid it" early pump. Quick 🧵 on one: >A great example is Quant (QNT) Retail fucking *loves* this bag, but it's one of those esoteric retail-only bags that crypto OG/insiders don't have as part of their "I don't believe in this long term, but I'm gonna buy a bag because I know retail will buy it later" front run plays >There's not an exact science to this, but you can use several of these coins as a "canary in a coalmine" warning signals, and look for overlap/confluence. Doesn't need to hit new highs - once QNT is at a 40-50% mean reversion to last cycle, alarm bells should be going off >Like I circles in the above screenshot, think like **180-200** dollars. Once you see quant near or in that area (let alone above it), and other retail cult coins (ADA, etc), let alone absolute garbage like BSV/BCH is up at 40-50% its prev USD highs, be *extremely cautious* https://x.com/cryptoklotz/status/1855645040497815663 current price of QNT is $150 :/

serious_beach_monk

Liking what I hear. Finally I can see people waking up about what BTC has become. BSV - true original bitcoin protocol! Check it out if you haven't. Also, Hijacking Bitcoin by Roger Ver is a great read for people that need waking up to being brainwashed by Blockstream etc.

uncapchad

A bitcoin address would be accepted on LTC chain because LTC is a hard fork of BTC. Ditto for BCH and BSV. Addresses exist on both chains.

ChaoticDad21

Look at BCH and BSV… two famous forks that failed.

Fear_Blind83

That's called a hard fork, which has happened a couple of times already BCH, BSV etc. The nodes that rejected the fork stayed with the original chain and kept the consensus, BCH and BSV started a new chain which wasn't adopted by the majority of node operators and the original BTC blockchain carried on without them.

RatherCynical

Money is forever and always a bubble. The real question is, "Why doesn't it pop?" Why doesn't Bitcoin crash back to $300/each like from a few years ago? That's everything to do with the emission schedule and the hashrate. Everyone wants to own as much money as possible, therefore, will want to own as much Bitcoin/gold/silver as possible. That makes it inherently bubbly. The thing that stops it popping is lack of new supply extracted cheaply. If someone can mine Bitcoins today at $100/each, you bet that Bitcoin will dump hard. But they can't. They can hardly get some at $50k+ each. And it's guaranteed to get harder to get new Bitcoins in the future. This story is repeated throughout history. Glass beads in Africa stopped being good money when Europeans mass produced glass beads. Rai stones stopped being good money when technologically advanced folks mass produced rai stones. Gold stayed a good money because: Gold is an element that can't be produced and is dense enough to be in the core of the earth. Naturally, it is scarce and can't be mass produced. Gold is impossible for humans, despite technological prowess, to debase at any significant rate. It has a very high stock to flow, and it has a constant difficulty adjustment. Bitcoin is the first time we were able to replicate it digitally because Satoshi figured out how to solve the Byzantine General's Problem. Crypto is a winner takes most game. Most forks like BSV, BCH, etc. all bleed against Bitcoin because it's extremely insecure. They could be double spent against, easily (rented hashrate). Bitcoin continues to win because it has the largest hashrate advantage. It takes a true disruptor that innovates a solution to a very significant problem that can steal marketshare from Bitcoin. The only one that likely will disrupt Bitcoin is Kaspa.

sgtslaughterTV

> He was ordered to put that up by Mellor - a judge that has ruled against him before and that Craig Wright has appealed and eventually won - see the source... (https://copyrightblog.kluweriplaw.com/2024/05/13/bitcoins-file-format-protectable-in-copyright-a-wright-decision/) I read this and the fact that you are still posting in support of craig and I just could not help but roll my eyes. I am studying cybersecurity and one of the very central topics that we study is non-repudiation, as well as digital forensics. >Anyone with a brain who sees how BSV is working realises that is it the vision of Satoshi. If you've actually read Satoshi's emails and forum posts and then listened to more than 5 minutes of Craig Wright talking will realise BSV is the genuine bitcoin. If you actually went back and read all of Satoshi's original posts on bitcointalk, to the cypherpunk mailing llist, and then compare it to what craig says and does in real life, you know that Craig is a liar and a fraud, and BSV is the most centralized hard fork that is backed and manipulated by a billionaire Calvin Ayre. Given that you are posting to reddit on an account that is less than 5 months old and the bulk of your post history is about who is satoshi or BSV, I am going to have to chalk you up to just being a paid shill. https://prnt.sc/APjZoLxb-jYo https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Feiohubii7kw91.jpg - this should be the single most eye-opening evidence that you see on the topic.

serious_beach_monk

Yeah exactly. Bitcoin as per the Whitepaper is BSV Bitcoin Satoshi Vision. Bitcoin is this sort of digital gold that has implemented Taproot and Segwit. The BTC addresses don't even start with the number 1 anymore, and don't have the digital signatures. Won't be long until Elon Musk starts using BSV and dumping his Segwit BTC.

serious_beach_monk

which one, BSV, BCH or BTC?

serious_beach_monk

which one? BCH, BSV or BTC?

serious_beach_monk

BSV (Bitcoin Satoshi Vision). Literally the bitcoin protocol in the white paper, so capped at 21 million, proof of work, and can scale to millions of transactions per second. The genuine Bitcoin at under 100 USD per coin. Bargain.

HighValueWomanBook

You didn't get the BTC 'B', you got the BSV 'B'. The BTC 'B' is tilted. The BSV 'B' is upright like yours.

intelw1zard

Except BSV was invented by a serial fraudster and scammer who then also tried to claim to be the inventor of BTC. I got no problems w the BCH peeps.

Terrible-Pattern8933

Wow, there are so many BSV fans here?

thatsamiam

There are tradeoffs involved in making Bitcoin faster. If you think you are smarter than all the computer programmers and Satoshi himself and know how to make Bitcoin faster while still maintaining its security and robustness, do it. All you will end up doing is building something like BCH or BSV. Both of those are extremely easy to manipulate using 51% attacks as has happened. Use BCH if you don't like Bitcoin. Many people like Bitcoin as it is and do not want to change it.

mwdeuce

Don't worry, that guy is basically finished. Now we just have to wait for Calvin Ayre to go completely bankrupt backing BSV.

uncapchad

yeah, it's open-source with a review process. So anyone can submit changes to the code for approval. You need consensus to get it approved and merged. It's not automatic. The nature of the change could fork the code. Up to every miner/node out there whether they accept the fork or not. There's layers and processes here. No-one's going to be doing anything nasty to BTC any time soon. Many have tried and there are a lot of tired, raggedy, BTC forks out there. BSV and BCH being 2 most prominent. One chugs along merrily doing its thing in its small universe, the other is controlled by a deranged lunatic. Neither have ever convinced developers, miners, consumers or the wider market. There is no 2nd best

redrumeight

BSV went to 65k? Yeaaaahhh right

420smokekushh

Where is BSV today? It's worth less today than when it forked from BCH so many years ago. You have no room to talk about price.

antiwrappingpaper

I hold no BTC, BCH, BSV (or whatever other fork you want to name)... and actually never owned any of them besides a small amount of BTC a while back. There's no conspiracy when the facts are pretty clear. But sure, you do you, interesting narrative and story you got there. I just prefer to deal in facts tho.

biba8163

5 years ago, BCH, LTC, EOS, BSV, XLM, LEO, DASH, TZOS were in the top 15. 5 years from now, the top 15 is going to look very different.

Areshian

The main problem is that it reduces the blockchain security. Right now, if you want to break BTC, you need to invest a massive amount of money in mining hardware and electricity, so much it is not worth it. But if there is a dual purpose, that second purpose may incentivize you to buy the hardware, effectively reducing the investment. You can even see this problem with bitcoin forks. Attacking BSV (which happened in the past, not sure about now), may be easier because the hardware you need to break it (with 51% attacks) has a second, legit purpose that may be useful to you (mine regular Bitcoin). If Bitcoin mining was working to, let say, cure cancer, a billionaire may want to invest a lot of money on hardware not to mine Bitcoin per se, but to cure their cancer. Maybe at one point, in his pursuit of a cancer cure, he achieves 51% of mining capability. The se unity of the network was compromised because the investment in hardware to break it wasn’t done to break BTC, but due to its second purpose

serious_beach_monk

BSV is the only one you need.

lightmar

I mean, think of it as a data packet. How many do you need in your IP stack to use the internet? You can store a lot of data in a BSV OPcode.

Round_Robin_Smoothie

I know everything there is to know about BSV. That wasn’t your dumbest comment (Dumb, but contextually not your dumbest). BTC and ETH to 0? That’s a clear sign of extra chromosomes. You’re making ridiculous, sensational comments and I just don’t really give a shit. Go shill to the other smooth brainers, I already have my alt portfolio in place and BSV isn’t in it.

serious_beach_monk

Could you please just do 10 minutes of research on BSV before completely closing your mind to it. It is Proof of Work, same protocol as Satoshi Nakamoto whitepaper, it has 21 million coins, and can do millions of transactions per second. IN comparison, BTC can do 7 transaction per second, and as soon as the Core Development team introduced the limit to cripple BTC and make it digitial gold, Vitalik created Ethereum so increase transactions and allow turing completeness so can do Smart contracts etc. BSV can do smart contracts etc. Worth a 10 minute due diligence in case I might be wrong. Image going back 10+ years so you could buy a whole bitcoin for under 100USD. BSV is literally the original bitcoin protocol. Also you might want to read Hijacking Bitcoin to understand the different narrative of what happened to BTC.

serious_beach_monk

You're talking about utility... BSV is all about utility. Not sure how it is the dumbest thing I've ever said... You don't know about all the other dumb things I say.

serious_beach_monk

Do 10 minute research into Bitcoin Satoshi Vision (BSV). What is its utility, it's purpose etc. The original bitcoin is making a comeback.

serious_beach_monk

You're talking sense. Check out Bitcoin Satoshi Vision (BSV) the original Bitcion Protocol and not the scammy fork of BTC.

serious_beach_monk

BTC's vision?? What. Look at the original White Paper by Satoshi Nakamoto. Bitcoin Satoshi Vision has restored Bitcoin back to Bitcoin 0.1. (BSV). It has 21 million, Proof of Work, can do smart contracts, and can scale to billion of transactions per second. This is the only blockchain we need for Web3 / IPV6.

dcur3

No, not really referencing anything in particular. I just think through time its done its job, no downtime, easily accessible, and can be quick enough despite what people say on here. Thats why I really dont believe in things like BCH, LTC, BSV. Bitcoin just continues to get stronger both in numbers and in technology.

serious_beach_monk

I can assure you that BTC, ETH that whole eco-system will go to zero. it is inevitable. It's not about the story, the religion, it's simply about the technology. This entire space was created after Satoshi Nakamoto released the White Paper and the original protocol. BTC has been hijacked by small-blockers who don't understand how it should work. Look into Bitcoin Satoshi Vision (BSV) to really dig deeper into your due diligence.

Blockchainauditor

The same private key that controls the BTC controls the BCH from that first fork, and the same amount of BSV from a later fork … as well as lots of other little amounts from other forks.

serious_beach_monk

Don't trade. Just buy some Bitcoin Satoshi Vision (BSV) and forget about it for 5 years. Good bye.

Due-Glove4808

Sure they can make up their own shitcoin like BSV or BCH, everyone else will stay in real chain.

zxsmart

I've listed to a lot of podcast/interviews/articles by all of these people and I recall hearing a few things Preston said that I disagree with and think are demonstrably wrong. I do not recall exactly what those things are, but I think they were regarding what gives money value and IIRC some strategies that are sub-optimal. I know Preston sold Bitcoin during the 2020-21 bull market. While this may have turned out to be profitable for him, I think it is absolute an incorrect strategy. No one who really understands how valuable Bitcoin is is going to trade their Bitcoin for shit with the hopes of later trading that shit for more Bitcoin. I also recall a podcast with him and Mark Moss where they talk about promoting Bitcoin and they (mostly Moss) spew nonsense this dumb "spend and replace" narrative and other non-sensical mid-wit ideas for encouraging "adoption" without understanding what adoption means. IMO people who have a perfectly correct view of Bitcoin/monetary economics and also seem to understand strategy are: Lyn Alden Michael Saylor Saifedean Matttttheew Kratter People who are mostly correct and definitely worth listening to, but who have also said things that are incorrect or have some small area of misunderstanding: Parker Lewis Preston Pysh Stephan Livera Cory Klippsten Michael Goldstien Daniel Krawitz (pre-BSV) Vijay Boyapota Nayib Bukele Max Kaizer Then there is a category for almost everyone else in Bitcoin who has some partial understanding e.g. Robert Breedlove, Larry Lepard, etc Then you have 50 ft of unintelligent shit and nonsensical garbage that is not worth listening to at all. Then you have Jeff Snyder

Realistic_Fee_00001

>BCH has been 51%'d. This is another one of these lies Maxis like to tell. When the majority of miners return coins that people accidentally sent to segwit addresses against an attacker that tries to steal these coins you don't call it an attack. Otherwise you would need to call every block an attack, because usually good miners have more than 51% that's the default on Bitcoin. >It's was controlled by a single mining pool at one point and also by a couple of pools working together. I think the two biggest pools right now have over 40% of the hashrate. Yes that was in 2009 when they started mining. You can compare miner decentralization here: BCH: https://explorer.melroy.org/graphs/mining/pools BTC: https://mempool.space/graphs/mining/pools BCH has a lot of unknown miners likely BTC miners that do not want to show they mine BTC >You also are mistaken about the game theory involved here. The fact that BTC miners can mine BCH with their setup is definitely worth noting, but it DOES NOT mean that malicious actors avoid BCH. It's simple an incentive for BTC miners not to attack the network. You state it yourself, the incentive is to not attack BCH. Irrational attacker are of course always a threat but they lose money while doing so. Currently they lose more money attacking BTC than BCH. But you first need someone willing to spend money to attack. BCH has been secure for 7 years and there were no lack of hate for it. One would think a rich BTc maxi would already have attacked it no? The truth is attack a chain has much less impact than is usually anticipated. eCash and BSV both have been successfully attacked for some time but eventually the attack stopped and the chain continued and they are still here independent from what we think about their validity. >If a malicious group attacked the BCH network they could in all probability do significant damage with double spends before any significant amount of BTC hashrate could swap over. The double spent coins are easily laundered away and a reorganisation of the chain will be too late. Then do it. >In the past when a fork happened on BCH a miner ended up with coins that they shouldn't have. I think you misunderstand how forks work. How can a miner end up with coins that they shouldn't have? They get exactly what they mine nothing more nothing less. >A couple of mining pools collaberated to 51% attack the network and change things. Whilst this 51% reorganisation was done out of good intent, it proves that the chain is not that secure. Yes, same for BTC. You need 3 mining pools to get over 51% on BTC sometimes even 2 are enough. >For anyone reading, don't trust, verify! Here's a good starting point: https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/ If this would have happened on BTC Maxis would be full of praise and tell you: "see Bitcoin works the good miners won" But not on BCH on BCH a 51% attack is fabricated. 🤷‍♂️ To be honest I would have let these coins rot there. Fuck the segwit hack (every segwit tx is a anyone can spend tx) to bad for the people who use it.

Realistic_Fee_00001

If you look at the history you'd recognize, that this is not the case. BCH has been attacked and won. BSV has been attacked and lost but nothing happened to the price. eCash has been attack and little happened to the price. And they are all still here. If you are honest, the reason is branding.

serious_beach_monk

Sorry to be the bearer of bad news, and this is only my opinion, but BTC (what you refer to as Bitcoin), ETH, Solana are all Sh\*tcoins. Look into Bitcoin Satoshi Vision (BSV) and read altnerative narrative books like Hijacking Bitcoin by Roger Ver... That will open your eyes at the scams going on. Never sell completly. Dollar Cost Average in and out to ensure you don't fully regret.

bundabrg

BSV similar percentage. I wouldn't read too much into it.

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

apokerplayer123

Oh boy. Another BSV loser

Zealousideal_Set_333

You're so wrong -- BSV is a top-tier investment. It's the premier destitution destination, complete with a renowned wealth reduction plan. Truly the gold standard!

nullc

Oh sure that's easy. BSV is operated by a number of court adjudicated scammers, and they used their control over the system to engineer a backdoor into it: Unlike Satoshi's Bitcoin and practically every other cryptocurrency, BSV allows miners to unilaterally take whatever coins they want to take. This is pretty close to defeating any point for it to exist at all: if there are parties all the users are willing to trust completely, you could dispense with the inefficient linked list blockchain stuff and just have them privately keep a ledger. The confiscation transaction back door is by far not the only technological flaw of BSV, but you just asked for one example.

serious_beach_monk

can you point to the technology of BSV and give me one reason why it's not a strong investment.

mwdeuce

Calvin Ayre backing this clown and going all in on BSV might go down in history as one of the biggest financial blunders a billionaire has ever made.

BigDeezerrr

He launched Bitcoin Satoshi's Vision (BSV), a clone of Bitcoin, to scam people. He thought he could surpass actual Bitcoin if people thought he was Satoshi. He also wanted a court ordered change to the Bitcoin Core codebase to unlock Satoshi's coins for himself. Why go into court and claim such provable lies? He's an idiot.

moonst1

/r/bitcoincashsv - they chose the dumbest name possible /r/bsv is the best BSV sub, because they discuss all the frauds and shenanigans surrounding this shitcoin

NewOCLibraryReddit

What is the difference in BTC and BSV? Isn't one a fork or something?

nullc

Wright brought numerous lawsuits and made threats of lawsuits connected to his claim of being Satoshi. 1. Sued a school teacher and bitcoin fan for defamation for saying he wasn't Satoshi, ruining his career with the cost and imposition of the litigation. 2. Sued a podcaster for defamation for saying Wright wasn't Satoshi, essentially bankrupting the podcaster and causing him to withdraw his substantive defense due to being unable to afford to continue it. (He also filed similar lawsuits against a number of other people, but dropped the ones that looked like they could afford to defend themselves). 3. Sued Bitcoin.org for disrupting the whitepaper in an effort to dox Bitcoin.org's long time operator, resulting in a prohibition against bitcoin.org distributing the authentic whitepaper in the UK, while Wright distributed an inauthentic copy with his name on it there, further convincing people that he was Satoshi. 4. Sued numerous current and former Bitcoin developers, demanding that they author and publish backdoored bitcoin software that would take billions of dollars worth of Bitcoin and assign it to Wright, coins Wright claimed to own but obviously doesn't. The cost and trouble of litigation substantially discouraged involvement in Bitcoin development. 5. Sued varrious former and current Bitcoin developers for violating Wright supposed copyright in the whitepaper, "block file format", and "database rights to the blockchain" for distributing a version of Bitcoin that doesn't comply with Wright's Vision, suggesting he was owned hundreds of billions in damages by them. 6. Sued varrious exchanges like Coinbase and Kraken for "passing off" -- a common law trademark violation, for using Wright's "bitcoin" name in commerce without his permission. 7. Wright's partners in crime brought a class action lawsuit against a number of exchanges-- kraken, shapeshift, binance, for example-- for delisting Wright's shammy BSV cryptocurrency when Wright started litigating against the Bitcoin community. This litigation is still ongoing.

uncapchad

yep, he thought he could get away with it. Taken forever, and countless court cases in various countries to end the delusion but there will always be BSV acolytes who will never stop believing.

raymv1987

Used to be a dude on EthTrader who shamelessly shilled BSV and STRONG

serious_beach_monk

BSV - the original bitcoin, before it was hijacked by BTC (bitcoin core). Proof of work, 21 million capped coins, allows for smart contracts, has the highest TPS and lowest transaction fees. and is currently priced under 50 USD per coin... imagine going back in time and buying BTC for 50 USD per coin... this is your opportunity.

serious_beach_monk

BSV - the original bitcoin, before it was hijacked by BTC (bitcoin core). Proof of work, 21 million capped coins, allows for smart contracts, has the highest TPS and lowest transaction fees. and is currently priced under 50 USD per coin... imagine going back in time and buying BTC for 50 USD per coin... this is your opportunity.