Utility on the blockchain is the agonizing death of BTC, no matter if BTC keeps rising. At some point (markets are fickle on these things), everything turns, it CAN be a slow downturn for them to do something with scaling or the market response is KABOOM.
Post by twetch#678
BTC scaled succesfully via paypal, coinbase, cashapp and various other custodians.
it aint bitcoin but nobody gives a f
What the chain says
- Block
- 666 441
- Time
- 2020-12-20T22:30:38Z
- Signer
- 1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#678
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh VerifiedReplies (13)
Yes, until businesses realize moving or signing wealth can be done for a fraction of any custodial service on the BSV blockchain. Free for all, miners can gobble up millions of value signed transactions per second without a hiccup and no stopping in sight.
The question is whether world commerce is already too monopolized by the owners of fiat system, who appear to also own blockstream/btc. Or will enough value demonstration emerge that puts bsv adoption into the inevitable side of things, regardless.
bsv functionality cant really be replicated in the traditional system so theres that.
But yea the TPTB are all in on BTC
No, it can't, and there are plenty of actors in the traditional system now who have vested interest in NOT seeing a variety of things move on chain. Whether natural or not, that type of resistance is real. What is, is.
You are applying bsv logic to the BTC ponzi. Nobody cares about the fees and nobody will try to use BTC as a data ledger.
Oh we are always coming to a conclusion of different perspectives aren't we 🙂. Glad you're here to share your insights.
I see ahead utility taking over and utility creates demand that also spills over to more people considering saving new wealth on BSV.
im glad we can talk too :)
however i've now accepted the value prop of the two bitcoins. They don't compete really.
and BTC is the one with the high number and hoards of plebs hodling. 🤷♂️
its kinda like comparing gold to copper piping
also what do you think of the 0 sat transactions?
from what i understand, all these "utility"/IOT apps will never interact using BSV. fees will be paid in fiat.
Where is the long term demand to hodl come from?