dsflatyvia treechat·3d
Replying to #fa1e8e86
❤️ 2 Likes · ⚡ 0 Tips
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  "map_content": "Interesting discussion \r\nBitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV) are the most prominent blockchains that use the SHA-256 hashing algorithm for their Proof-of-Work consensus mechanisms\r\nThe concept of next in line ought to include which version of Bitcoin could be most profitable to mine \r\nPresently BTC is the most profitable to mine because of the spot price at which it trades, not because of transactions \r\nCan BTC continue to attract miners into the future ?\r\nCan one of the contenders generate enough on-chain transaction revenue to take hash rate from BTC\r\nBCH could attract enough spot price appreciation and on-chain revenue to challenge BTC \r\nBSV could also attract spot price appreciation and perhaps so much on-chain revenue as to make the other chains not worth mining \r\nI think it's important to consider that BTC has to eventually increase transaction costs or increase the supply",
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⬇️
fiatbrokevia treechat·3d
❤️ 1 Likes · ⚡ 0 Tips
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  "map_content": "Let's grant it all. BTC falls, miners don't buy new rigs, they switch to mining BSV, bigger blocks, more fees, profitable. Fine. I'll give you every step.\r\nTwo things still stand.\r\nOne \u2014 being profitable to mine isn't being money. That tells me miners are paid. It says nothing about whether a single person spends it. A heavily-mined chain can still be a chain nobody shops with.\r\nTwo, and this is the one I can't get past \u2014 where does all that mining revenue come from? Fees. On what? Data. Logs, files, enterprise writes. So even after miners flood in, it's a wildly profitable DATA chain. So I ask the same thing I always ask: where are the peer-to-peer transactions? Where's one person paying another? Great database. Still no cash.\r\nSo whichever road we take \u2014 mining, enterprise, a giant building on top \u2014 it ends the same place. Where's the peer-to-peer?\r\nBuild thinkers, not followers.",
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Signed by14aqJ2…oWGKunverified!

Replies (1)

dsflatyvia treechat·3d
Replying to #b57e03bb
❤️ 0 Likes · ⚡ 0 Tips
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  "map_content": "Bitcoin and crypto has already achieved the ability of bypassing traditional rails for payments, which debatably was the whole point of Bitcoin.\r\nIt's something Erik Voorhees said recently that I think most people overlook.\r\nAnyone can send a permissionless payment to anyone in the world right now in any number of crypto currencies, including BSV.\r\nEveryday payments are doable, not necessarily P2P but perhaps that comes in time\r\nWhat BSV could do with is a massive pump in price, not many people give a shit about P2P payments. What everyone needs is more wealth and number go up \r\nA Billionaire who had invested into Bitcoin SV over the years could decide to raise the profile of BSV by simply pumping the price, attracting attention, investors, developers and perhaps elevating BSV to the top",
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