Welcome to a world of honesty. Where law matters & People are responsible for their actions. Welcome to BitCoin SV!
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Casino chips are tokens too. That people use to gamble at casinos. They are accepted at the casino but they have no utility beyond their walls. Nobody will buy them from you, except the casino. Nobody will accept them in direct settlement of a transaction.
Bitcoin is cash. Cash is the ultimate unit of account, because it can be used to purchase any other token. It can also be used to issue new tokens. And store data. And so much more.
Tokens will never be more valuable than Bitcoin itself. Their utility is derived from that of Bitcoin.
Tokens are worthless... without Bitcoin.
Legal tokens, coupons, exist today & specify on them you can't exchange them for monetary value. The fact you can't legally sell them to someone else for money, and the fact they have expiry dates, limits any potential use as a monetary unit of account.
Without it, they would be useless. And worthless.
It's utility is the good or service it can be redeemed for.
A token is just a claim slip. A coupon. Something that can be redeemed for a service or good. It has no monetary value in and of itself.
Wrong. BTC was a fork of Bitcoin that implemented SegWit. BCH was a fork of Bitcoin that further fucked the protocol & implemented checkpoints and social engineering to enforce its position. BSV is the only NON-fork of Bitcoin. And therefore it is Bitcoin.
Ignorant of the facts. Ignorant of the technology. Ignorant of the Law. Unfortunately for them, ignorance is not a defense.
Blockstream are trying to pass off BTC as Bitcoin.
They want records to disappear. They want to cater to criminals who want to conduct illegal activities online. BCH is even more unashamedly pursuing this goal.
BTC is no longer Bitcoin. They have created a forgery that they want everyone to think is Bitcoin, despite massive alterations to the underlying protocol. And use widespread social media manipulation to achieve that objective.
Your stiff will ultimately come back to find your ass. Imagine how painful that will be? :)
Most people today don't understand that BTC is an airdropped shitcoin that was handed to existing holders of Bitcoin several years ago. Then pumped by criminals. They continue to pass it around pretending it is Bitcoin.
BTC is a Crimecoin.
Code != protocol changes. Protocol changes like CheckLockTimeVerify (CLTV), CheckSequenceVerify (CSV), chaining OP Codes, changing how nLock works. These are all radical changes to the protocol that means BTC can no longer legitimately call itself Bitcoin.
The difference between Utility and Shitcoins.
Capital structure is key. The malinvestment we see is going to destroy this defi ponzi scam. Shitcoins pump because of the availability of cheap money for speculators to gamble with. The tether printer isn't real money, yet it is confused loanable funds.
I don't want BSV to pump, I want it to struggle it's way to the top. And I know it will.
I cringe when I see these scams mooning, because we all know what happens afterwards, a multi year bear market that will likely end in many if not all of these scams unravelling, exit scamming or going bust. Taking all of their "investors" funds with them.
We will have more problems trying to prevent it pumping in the future, than we will the chance of it dumping. I'm quite certain of that.
It is not organic growth. It is artificial price manipulation that draws in greedy people, who then put their hard earned savings at risk fomo'ing into a scam. This kind of speculative pumping of a shitcoin is actually what will ultimately destroy it.
The smart money invested in the Bitcoin ecosystem wants slow and steady growth, not ponzi fueled pump and dump tokens that rob people of their savings.
In some ways, this could even be considered a financial attack in the economic battlespace by malicious actors. A combination of maliciousness and greed is what pumps a shitcoin.
Slow and steady wins the race. BSV only needs to remain stable while focusing on scaling and utility, while the shitcoin industry collapses around it, to become the winner.
US Court issues order to seize funds from 155 BTC addresses linked to terrorist funding.