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BSV mystery buyer doubles market cap

  • #141
  • May 6, 2021 8:41am May 6, 2021 8:41am
Quoting Goat
Craig's strategy is starting to unfurl! {image}
I wonder if Craig is gonna sell Akon City on BSV. Now that would be huge.
  • #142
  • May 6, 2021 5:03pm May 6, 2021 5:03pm
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  • #143
  • May 10, 2021 10:47am May 10, 2021 10:47am
BSV currently outperforming:
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  • #144
  • May 11, 2021 2:40am May 11, 2021 2:40am
Great video for the BSV case: https://m.youtube.com/watch?v=y4e7xmK_ips

Note the mastery of economics and tech. These are the crypto real ones.

This is the kind if video that's too long and boring for hodlers. You have to be a sicko to love these nerds enough to listen for hours on end.
  • #145
  • May 11, 2021 2:46am May 11, 2021 2:46am
Quoting cryptocow
{quote} I wonder if Craig is gonna sell Akon City on BSV. Now that would be huge.
He's competing against Akon City. It would have to be a buyout. Akon bout to be paid.
  • #146
  • May 12, 2021 5:46pm May 12, 2021 5:46pm
I just want to make a point that BSV is still valid for this condition:
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  • #147
  • May 12, 2021 11:38pm May 12, 2021 11:38pm
Quoting lockdaun
I just want to make a point that BSV is still valid for this condition: {image}
BTC, BCH, BSV, DOGE, XMR, LTC, are all mined the exact same way. If they use different amounts of energy it's because usage varies. Eg, DOGE at a $1T market cap will use about the same mining energy as BTC does today.

The only legit coin that uses less energy is ETH, because they mine via "staking" (aka the house of cards).

ETH and Tesla are the perfect match. I think you'd call that a rowhouse of cards.
  • #148
  • May 12, 2021 11:50pm May 12, 2021 11:50pm
For "anyone" () who thinks Craig Wright is a "fraud", please watch the first half of this video:
Inserted Video


The truth about CW is buried under a lot of internet politics. You have to listen to these super-smart engineers for hours to find out what's really going on. It can be boring, but the knowledge gained is easily capitalized.
  • #149
  • May 13, 2021 8:16am May 13, 2021 8:16am
Quoting Goat
The only legit coin that uses less energy is ETH, because they mine via "staking" (aka the house of cards).
Ethereum is PoW. For now.
  • #150
  • Edited 9:37am May 13, 2021 8:54am | Edited 9:37am
Quoting lockdaun
I just want to make a point that BSV is still valid for this condition: {image}
Here is my napkin math supporting this claim:

BTC transactions / second: 7 [1]
BSV transactions / second: 2,000 [2]
BTC energy usage: 120 GW / second (72,000 GW in 10 minutes [3])

Even assuming that BSV has the same energy usage as BTC (which has to be absolutely not true), BSV is much more energy efficient per transaction:

120 GW / 7 BTC transactions = 17 GW / BTC transaction
120 GW / 2,000 BSV transactions = 0.06 GW / BSV transaction

In my contrived and worst-case scenario, BSV uses 0.35% of BTC's energy / transaction.

[1] https://www.comp.nus.edu.sg/~prateek...in-scaling.pdf
[2] https://www.prnewswire.com/news-rele...301217145.html
[3] https://www.thebalance.com/how-much-...ork-use-391280
  • #151
  • May 13, 2021 12:04pm May 13, 2021 12:04pm
Quoting cryptocow
{quote} Ethereum is PoW. For now.
Really?? I thought the deed was done when I saw the "Stake" button appear on my Kraken account. So what happened with that?

Quoting cryptocow
{quote} Here is my napkin math supporting this claim: BTC transactions / second: 7 [1] BSV transactions / second: 2,000 [2] BTC energy usage: 120 GW / second (72,000 GW in 10 minutes [3]) Even assuming that BSV has the same energy usage as BTC (which has to be absolutely not true), BSV is much more energy efficient per transaction: 120 GW / 7 BTC transactions = 17 GW / BTC transaction 120 GW / 2,000 BSV transactions = 0.06 GW / BSV transaction In my contrived and worst-case scenario, BSV uses 0.35% of BTC's energy / transaction. [1] https://www.comp.nus.edu.sg/~prateek...in-scaling.pdf...
I did not knew that either!

Wow Cow, you actually know some things!!

So is it right to say BTC and BSV use the same energy for mining, but BSV can move more transactions per block?
  • #152
  • Edited 2:52pm May 13, 2021 2:37pm | Edited 2:52pm
Quoting Goat
For "anyone" () who thinks Craig Wright is a "fraud", please watch the first half of this video: https://www.youtube.com/watch?v=nXdkczX5mR0 The truth about CW is buried under a lot of internet politics. You have to listen to these super-smart engineers for hours to find out what's really going on. It can be boring, but the knowledge gained is easily capitalized.
Since this seems to be directed at me, I'll just reiterate:

Quoting BTCmailman
{quote} I for one do not enjoy watching a balding man fellate the good doctor

Craig's own lawyers terminated their relationship because of him submitting fraudulent documents. Where there is smoke there is fire...

"I have previously found that Dr. Wright gave perjured testimony in my presence"

Obviously this doesn't mean he's not Satoshi but it seriously damages his credibility.

And yet I still keep coming back to the idea that all of this has unfairly depressed BSV's value and with him out of the way there's serious money to be made.
  • #153
  • May 13, 2021 4:07pm May 13, 2021 4:07pm
Quoting BTCmailman
{quote} Since this seems to be directed at me, I'll just reiterate:
Ryan Charles is an brilliant software engineer who's been involved in crypto since the early days. His career has been focused on crypto, and he wrote much of Bitpay's infrastructure. But you don't care to hear his argument because he's bald?

Quoting BTCmailman
{quote} Since this seems to be directed at me, I'll just reiterate: {quote} Craig's own lawyers terminated their relationship because of him submitting fraudulent documents. Where there is smoke there is fire... "I have previously found that Dr. Wright gave perjured testimony in my presence" Obviously this...
I know very little about the legal profession so I can't sort through the documentation you linked.

What is Craig being accused of lying about? Who is the lawyer accusing him? And what's the context of the lie? Once I understand that I can give you a proper rejoinder.
  • #154
  • May 13, 2021 8:01pm May 13, 2021 8:01pm
Quoting Goat
{quote} Really?? I thought the deed was done when I saw the "Stake" button appear on my Kraken account. So what happened with that?
Ethereum will be PoS when the main chain merges with the beacon chain.

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Quoting Goat
So is it right to say BTC and BSV use the same energy for mining
In a way.

Quoting Goat
but BSV can move more transactions per block?
Yes.
  • #155
  • May 13, 2021 8:05pm May 13, 2021 8:05pm
CW was on mainstream news here talking about his lost private keys, o.0
grist for the mill
  • #156
  • May 13, 2021 10:08pm May 13, 2021 10:08pm
Quoting cryptocow
{quote} Ethereum will be PoS when the main chain merges with the beacon chain. {image} {quote} In a way. {quote} Yes.
Preesh!
  • #157
  • May 13, 2021 10:08pm May 13, 2021 10:08pm
Quoting JackJones
CW was on mainstream news here talking about his lost private keys, o.0
Got a link? I'm yet to hear about it from the horses mouth.
  • #158
  • Edited 9:35pm May 15, 2021 5:17pm | Edited 9:35pm
BSV is unstoppable when it comes to carbon-friendly blockchain protocols [1].
Quoting Goat
{quote} So is it right to say BTC and BSV use the same energy for mining, but BSV can move more transactions per block?
BitCoin PoW is capitalist - because they reward increasing economic activity.

[As long as there are central planners, we'll never have a free market.]
BitCoin removes [prevents] corporate[state]ism and offers high economic value for an incredible price.

  1. Accountability/privacy
  2. Locked protocol
  3. Scale
  4. Competition/POW
  5. Fixed monetary supply

Ethereum PoS is communist - because they reward reducing economic activity.

Quote
"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power." Benito Mussolini

  1. The switch from PoW to PoS is a coordinated transfer of power.
  2. Miners lose their upfront investment and major businesses integrate ETH 2.0 beta software.
  3. Nothing at stake problem. Those who own the most, control the most.
  4. No incentive to spend. ETH fees stay out of control [2].
  5. ETH VM is too big to scale. Remember Crypto Kitties? [3]
  6. 2.0 will be a securities disaster.


CryptoCow's breakdown is good. I'd recommend using network consumption data from the Cambridge Bitcoin Electricity Consumption Index [4]

[1] https://coincarboncap.com/
[2] https://twitter.com/bsv4u/status/139...329836546?s=20
[3] https://techcrunch.com/2017/12/03/pe...um-blockchain/
[4] https://cbeci.org/

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  • #159
  • May 16, 2021 2:33am May 16, 2021 2:33am
Quoting Goat
{quote} Got a link? I'm yet to hear about it from the horses mouth.
its behind a paywall , but youre a smart guy, youll find it

they are blaming his personality on ASD
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grist for the mill
  • #160
  • May 16, 2021 3:32pm May 16, 2021 3:32pm
Craig Wright loves this tweet. Perhaps the first popular tweet he ever loved.
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