Bitcoin: A React Native-to-Jack Dorsey-to-Wells Fargo electronic fractional reserve system.
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Just as me and @4179 and @109 said, BTCs scaling problems have been solved. By trusted third parties.
No one will do anything on chain and no one will care.
IOUs on private ledgers will fly everywhere, and inflation will absolutely occur.
https://twetch.app/t/adf2c16b61899fd4f3983c4d5dafb43ca602a6c84f558f0b628e9db8f5141fee
Still feeling more confident about my investment in producing animal protein than anything "crypto".
volatility === % moves in price, not the value of coins moved. in terms of using any coin as a base unit of account, not just BSV.
I would be more interested in relative vol than token price as that's what matters as a consumer.
Sure, I'm not sure what that has to do with a base unit of account tho.
Despite the fact that BSV has a real economy unlike many other chains, ETH folks actually price their products in ETH exclusively.
Interesting. Care to elaborate? :)
I've seen creatives better than beeple building things on bsv and twetch 😜
Beeple's and most other NFTs are launched as Ethereum tokens.
ETH has a much more mature ecosystem for creating, buying, and selling NFTs than BSV. It will take a while to reach that level of maturity on BSV.
But BSV has a lot of advantages for NFTs!
bitcoinfiles.org for all-purpose on-chain media uploads - basically a way better version of Bico.
castr.fm for podcasts.
bitpost.app for blog posts.
run.network for a programmable token protocol that supports NFTs.
Can a vibrant NFT market happen this year on BSV?
/poll [Yes,No]
My vote is no. Hat was a very successful proof of concept but I don't think there's enough speculative froth in BSV for an NFT ecosystem to absorb.
But I would love to see more people try.
https://twetch.app/t/b9b1ca5dac7611522f7d87b8b1a992300c327fdb3646f3c60bee6475b3710630
Yeah, the key differentiator is that OP_PUSHDATA can terminate in an OP_CHECKSIG, making the UTXOs spendable and (theoretically) unprunable:
https://blog.bsv.sh/the-prunability-and-non-permanency-of-your-data-the-case-of-op_return/#one-solution
FileCoin is a bolt-on incentive market for IPFS data that can be lost without seeders.
OP_RETURN is a bolt-on file storage mechanism for a preexisting incentive market that can also be lost without seeders.
Pick your poison.
This is not an unlikely outcome and has plenty of historical precedent.
I don't think utility-providing coins will go to 0 any more than silver went to 0 after it was demonetized.
But it would be a very grueling road.
The battle pitted the gold standard fetishists of the East Coast and European money powers vs. yeoman farmers & miners arguing for bimetallism.
Free Silverites wanted greater transaction throughput in their communities.
They lost. Heed the lesson, BSVers.
https://twetch.app/t/5dc1d332aebd293b7be1c04bb4d1d7b6498cdb7d67600b4b5b457b79558a9f4e
This is exactly how the British established a global gold standard in the 1850s. It also forced the hand of the only bimetallic hold-out, the United States, and demonetized silver.
If central banks start buying BTC, everything else is going to get crushed as investors rush out of everything else for BTC which would then go to $1 mil+. That much power would allow shorts to send BSV to $0. People already suggesting to central banks.
Link is dead :(
Though I must admit we have been working on this for months and will roll with our existing codebase.
There are emergent options like run.network that we find really exciting but aren't integrating at present.
Communists gonna flip when we encrypt & paywall all the podcasts on castr.fm
This is amazing news for anyone building a business here.
@255 + run.network + Twetch Marketplace are about to single-handedly save BSV from a bunch of delusional boomers and there's nothing you can do to stop them.
Tokenized lost before the game even started lol
I don't always pay for press releases, but when I do, it's because @255 is on 🔥
Can't wait until I can easily tokenize and validate my large collection of anime cels using Twetch Marketplace 🔥
So much value to be unlocked here, rivaled only by trading cards:
https://animecels.net/product-category/dragonball/goku/
Spends years "fighting the fed™"
Then a few kids write some code that replaces the entire fiat/monetary/banking legacy system.
https://bitcoinfiles.org/t/0dbab1b85e3edc9efa59da9f0c859b8e443f17691ad5a9556a82ade97a235103