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BSV mystery buyer doubles market cap

  • #341
  • Nov 2, 2021 11:02am Nov 2, 2021 11:02am
From what I read during CSWs Slackquote rants is that Kleiman case is about who is Satoshi (otherwise no ownership) and who owns the Bitcoin fortune (or parts thereof). COPA and other cases could become secondary (I think most believed COPA would be the important case). My studies have made me believe CSW is Satoshi or was involved, my technical analysis is weak but from the people I talked to it seems BSV is ahead of the competition (albeit the community being small and the adoption is in its infancy). BSV has gone sideways for quite a while despite court wins, more VCs coming into the space and slow but steady maturity of the tech and applications. 1 BTC is currently 383 BSV. I don't think BTC can be flipped in the short term but to me this is one of the greatest investment opportunities in recent history (and the bump would be based on logic not numbers go up Shiba style). Where am I wrong, what are experts thinking ? Obv there is a big risk in this but BSV is so low, I doubt it will go to zero unless CSW gets proven a liar and the chance of 10x in the next 6months is valid.

Is 160-170 a good entrance point? I believe the markets are inflated and manipulated (in kahoots with the exchanges, Tether, etc.), thus a bump in BTC and dump BSV despite the Kleiman case ongoing would be to signal that the outcome of the case doesn't matter to the crypto world. It could be a perfect storm if BSV dips a bit before going on a run.

Can you guys talk about the chart, your expectations and why 160/170 USD is high / low for what BSV could be worth? Even from VC perspective. 3 Billion evaluation for the tech of tomorrow and liquidity due to the investment being in a coin, even if you value the entire space a fraction of the current market cap it still feels reasonable to value BSV at 3billion. Appreciate your insights
  • #342
  • Nov 2, 2021 11:38am Nov 2, 2021 11:38am
To add to the discussion:
https://unboundedcapital.com/blog/ho...oshis-bitcoins
  • #343
  • Edited 10:14pm Nov 2, 2021 9:26pm | Edited 10:14pm
Quoting Fkbsv
To add to the discussion: https://unboundedcapital.com/blog/ho...oshis-bitcoins
Sweet! That's first confirmed hedgefund I've seen take the BSV trade. Their thesis reads exactly as I've been dreaming. Unfortunately they're deep in the crypto game and focused on BSV exclusively. When we see a thesis like that from a more traditional hedgefund, it's on baby.

Quoting Fkbsv
From what I read during CSWs Slackquote rants
Is that the rant that Joshua was talking about toward the start of the video? Any chance you can screenshot and post it here?

Quoting Fkbsv
Is 160-170 a good entrance point?
Who knows, but my feeling is that anything below $200 is a great entry. $170 is the most common price we've seen over the years.

Fyi, my entry is around $700 because I bought 10,000 of my BSV using BTC when it was ~$12K. Worst entry ever, but hell if I care. A trade consists of an entry, a holding period, and an exit -- I can fuck up one and still walk away with a fortune.

Quoting Fkbsv
Can you guys talk about the chart, your expectations and why 160/170 USD is high / low for what BSV could be worth? Even from VC perspective. 3 Billion evaluation for the tech of tomorrow and liquidity due to the investment being in a coin, even if you value the entire space a fraction of the current market cap it still feels reasonable to value BSV at 3billion. Appreciate your insights
The earlier posts in this thread lay out my case for the trade, but here's a recap:

1. Everyone hates BSV, limiting its downside.
2. When a handful of hedgefunds catch on that CW is Satoshi, that's enough capital to push us to $1,000
3. If BSV reaches a state where it has more utility than BTC, that should be enough to push $5,000
4. If BTC runs into technical problems (eg transaction speed) and BSV has utility, that gets us to $10,000
5. The dream is that BSV replaces BTC.

My exit points are 2, 3, and 4, but the only thing I care about right now is getting to $1,000. That's when I'll seriously evaluate my next move.
  • #344
  • Nov 2, 2021 10:00pm Nov 2, 2021 10:00pm
Looks like Unbound Capital is also on the LockTime theory. I'm feeling late to the party.
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  • #345
  • Nov 2, 2021 10:28pm Nov 2, 2021 10:28pm
Bittrex giving announcements of possible interruptions, must save .. the coins!
grist for the mill
  • #346
  • Nov 2, 2021 10:46pm Nov 2, 2021 10:46pm
I was talking to CityRat today and he thinks the LockTime theory is busted because 1) CW claimed he could sign as Satoshi, and 2) because CW claimed a courier would deliver the Tulip Trust keys but it never happened. I couldn't follow his logic so I'm hoping he can come in here and break it down for us.
  • #347
  • Edited 11:22pm Nov 2, 2021 11:11pm | Edited 11:22pm
Antonopulus is on the stand as an expert witness , you'd think they could run the supposed theory over him:
they had coins locked in the original bitocin nlocktime feature, Core code changes nuked the function so essentially the coins are lost in space forever, or, until they force ownership or possibly roll-back the code??

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oh nope, they just went after him instead a lot of egg on faces now this is all going to go public

“You sir, have never successfully mined BTC,” Rivero said.
To which Antonopoulos replied, “I have not mined BTC, no.”
Antonopoulos is neither a trained economist, nor does he have a background in economics. He has been retained by the plaintiff at a rate of $750 per hour and has admitted to knowing nothing about the core question of this court case:

https://coingeek.com/kleiman-v-wrigh...kes-the-stand/
grist for the mill
  • #348
  • Nov 2, 2021 11:46pm Nov 2, 2021 11:46pm
Watching coverage of the Klienman trial leaves me feeling that it's being overblown. It's like people think this trial determines if CW is Satoshi -- it doesn't. The trial assumes CW is Satoshi, as one side says Craig and Dave are Satoshi, and the other side says Craig alone is Satoshi.

So if you don't think Craig is Satoshi, the trial means nothing. And since most people don't think Craig is Satoshi, the trial means nothing to most people. So where's the big deal?

I could see the trial drumming up evidence that Craig is Satoshi, but that's not what people seem to be hyping.
  • #349
  • Nov 2, 2021 11:53pm Nov 2, 2021 11:53pm
joshua was saying the hardfork nuked the nlocktime feature, but looking at Blockstream it still exists as a function, just there is also a CSW to replace it in future..

https://help.blockstream.com/hc/en-u...imelocks-work-
grist for the mill
  • #350
  • Nov 3, 2021 1:22am Nov 3, 2021 1:22am
Quoting JackJones
joshua was saying the hardfork nuked the nlocktime feature, but looking at Blockstream it still exists as a function, just there is also a CSW to replace it in future.. https://help.blockstream.com/hc/en-u...imelocks-work-
Wish I could help but it's over my head. Perhaps Cryptocow can comment.
  • #351
  • Nov 3, 2021 1:23am Nov 3, 2021 1:23am
Check this out. George Glider is a real one, and here he is, talking about BSV like he works for Nchain.

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  • #352
  • Edited 5:10am Nov 3, 2021 4:32am | Edited 5:10am
https://medium.com/bitcoin-blockchai...t-c8cb90cfc8d7

Note: The jury may find only a part of the Tulip Trusts is relevant to the Wright and Kleiman partnership. There is also another possible alternative that is less favorable to Kleiman: the jury may find that, although Wright and Kleiman was a partnership, Kleiman the exiting partner’s interest was constructively liquidated in dollar value at the time of the exit (David’s death in 2013).
2. The court orders the awarded portion of coins to be moved, or recovered if the private keys are no longer available.
3. The BTC core developers and nodes face a tough decision on whether and how to comply the court order, and what they eventually end up doing may carry the real impact of the Kleiman v. Wright case on Bitcoin and the entire crypto industry.
4. Coins will move. And the reason and the mechanism of the coin move will surprise most people, both technologically and legally. The bitcoin blockchain will be able to do something (perhaps in the nature of a smart contract implemented in locking and unlocking scripts working in concert with an off-chain external input) which the supporters of BTC have thought impossible. Meanwhile, the exposure of the actual control of the blockchain by the core developers will also pop people’s illusion of BTC being completely decentralized.
5. At the same time, while not part of the explicit court decision, both the evidence shown in the trial and the court decision confirm the fact that Craig Wright invented Bitcoin, and advanced the invention with the help of others, especially David Kleiman.
...
grist for the mill
  • #353
  • Nov 3, 2021 4:51am Nov 3, 2021 4:51am
Quoting JackJones
https://medium.com/bitcoin-blockchai...t-c8cb90cfc8d7 Note: The jury may find only a part of the Tulip Trusts is relevant to the Wright and Kleiman partnership. There is also another possible alternative that is less favorable to Kleiman: the jury may find that, although Wright and Kleiman was a partnership, Kleiman the exiting partner’s interest was constructively liquidated in dollar value at the time of the exit (David’s death in 2013). 2. The court orders the awarded portion of coins...
Holy shit that guy's smart. Wow. I'll have to spend a couple hours on his blog.

To all my BSV broz, read this shit. Buy more BSV. Our day is coming.
  • #354
  • Nov 3, 2021 4:24pm Nov 3, 2021 4:24pm
Quoting Goat
Check this out. George Glider is a real one, and here he is, talking about BSV like he works for Nchain. https://www.youtube.com/watch?v=aNjBfzt1Q9s {image}
It's a little shady that he went to a BSV conference one day, and the next day he is BSV's #1 geriatric cheerleader.
  • #355
  • Nov 3, 2021 4:51pm Nov 3, 2021 4:51pm
Quoting JackJones
https://medium.com/bitcoin-blockchai...t-c8cb90cfc8d7
I enjoyed that guy's Why I Believe Craig Wright is Most Likely Satoshi article.
  • #356
  • Edited 7:03pm Nov 3, 2021 6:43pm | Edited 7:03pm
349 coins selling @ 174.999 - order has been sitting there for a few days on bittrex, it nearly got hit last night, if it pops it could run

Quoting cryptocow
{quote} It's a little shady that he went to a BSV conference one day, and the next day he is BSV's #1 geriatric cheerleader.
well who thinks swaying his vote is worth while, it didn't do much for me!? if they are trying to drum up the bsv pumpamentals buy paying him off i think they've lost the plot..

one thing about bsv is they have not paid off the latest celeb to sing about it, they seem to be working in the background getting industry support! real world use cases that BTC might only dream of

more generally, the mass-market adoption of BTC into wall-street may have come too soon for BSV and the potential outing of this drama may be too late, in that big money wall-street has brought BTC hook line and sinker, so if there is to be a Great re-Balancing then two years ago it would have be a hill to climb, now it's more like Everest
grist for the mill
  • #357
  • Nov 4, 2021 12:58am Nov 4, 2021 12:58am
Quoting cryptocow
{quote} It's a little shady that he went to a BSV conference one day, and the next day he is BSV's #1 geriatric cheerleader.
Looks like Craig has a way with the old folks. Homie def has a position.
  • #358
  • Nov 4, 2021 10:45am Nov 4, 2021 10:45am
Quoting JackJones
joshua was saying the hardfork nuked the nlocktime feature, but looking at Blockstream it still exists as a function, just there is also a CSW to replace it in future.. https://help.blockstream.com/hc/en-u...imelocks-work-
It sure looks to me like nLockTime is still supported in BTC.
  • #359
  • Edited 10:16am Nov 5, 2021 10:01am | Edited 10:16am
Quoting JackJones
well who thinks swaying his vote is worth while, it didn't do much for me!? if they are trying to drum up the bsv pumpamentals buy paying him off i think they've lost the plot.. one thing about bsv is they have not paid off the latest celeb to sing about it, they seem to be working in the background getting industry support! real world use cases that BTC might only dream of
The types who support BSV aren't the types that can be paid off. BSV attracts intellectuals in its current state, Glider as a perfect example. I don't think we can find an economist of his caliber praising BCH or ETH tech.

There were actually a few celebs at the last Coingeek conference, but they weren't even pretending to understand crypto, never mind the BTC-BSV distinction. Not the type of stuff I like to see, as an economic snob, but serves its purpose.
Quoting JackJones
more generally, the mass-market adoption of BTC into wall-street may have come too soon for BSV and the potential outing of this drama may be too late, in that big money wall-street has brought BTC hook line and sinker, so if there is to be a Great re-Balancing then two years ago it would have be a hill to climb, now it's more like Everest
If you're talking about BSV replacing BTC, then yes, it's Everest. But that's not the trade right now. All we need is some smart money to lift us to $1K and that's a huge trade in and of itself. I'm pretty sure most longs will reevaluate their position at $1K, as will I. In other words, there's little point in planning past $1K right now. Are you seeing it different?!?
  • #360
  • Nov 5, 2021 10:10am Nov 5, 2021 10:10am
Here's more from the geezer:
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