What is BSV?
Dear steem-bountiers
in this crazy apocalips end of 2018 crypto market, we are watching a new entry coin come already in the ten best coins in market cap, this is Bitcoin SV.
This is something new from me and it makes me disturbing that some coin can breake into market like this when all cryptos are loosing more than half value.
This is another reason why crypto is so insane instable market and only who like to gambling are taking pleasure of it, in my opinion this is a bullshit!
Steem is going worse and worse and doesn't matter if it is good or bad project, WTF is this BSV to reach this position when all cryptos are going down?
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I totally agree with you.
I do not like this fork, I think it was created just for personal interest. However, it may not be the cause of the price drops. The first time Bitcoin forked the price was not affected the same way.
Cryptocurrencies requires a stable mechanism that provides a steady flow of money from traditional currencies. Steem may achieve that by improving the promotion system.
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Yes my friend, i agree with you, right now Steem is not giving any promotion to actract newcomers, in the reverse they have push them out with wondeful HF20...
Yes. They tried to convince us that HF20 objective was to reduce spam, but the real purpose was to make having Steem Power more necessary and to restrict usage of Steem blockchain to users that can't invest on it.
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BSV is a fork of BCH, which is a fork of Bitcoin.
Its most prominent supporter is Craig Wright who claims to support Satoshis original Vision and also to be him himself.
In my opinion this is quite suspect and I would not put my money into this coin. A split of a community is always bad overall and I dont really see the merit of one vs the othere here.
Bitcoin cash is already a split, this is now a split of a split.
It will really be touch to take over bitcoin like this
Dear @knircky, so this is the shit which start this apocalips in the crypto!
Thank you for info, now i understood everything...:(((
Right now any coin with a famous person or well known investor behind the project could easily reach Top 100, because crypto is still way too small, and specially very volatile, which allow this things to happen.
Here we are talking about reaching first 10 positions! So if mt.got will make a new coin it will be more powerful than bitcoin?
Right now and for the next few years, there will be no coin more powerful than BTC, but I think we still "live" on such a small market that almost anyone can make it to the Top 10.
STEEM is full of smart people. You've already gotten the short answer several times already. So if you have some time to spare I'd like to link few articles I've written which also lead to a whole bunch of other articles written by other people.
https://steemit.com/informationwar/@vimukthi/governments-don-t-have-to-destroy-bitcoin-the-toxic-community-will-take-care-of-the-job-or-parallels-with-bitcoin-and-french
https://steemit.com/analysis/@vimukthi/the-economics-and-math-of-bch-and-gambling-billionaire-behind-58-33-of-bchsv-mining
https://steemit.com/informationwar/@vimukthi/digging-down-the-rabbit-hole-of-bchsv-the-past-including-crimes-and-plagiarism-of-craig-wright-the-final-win-of-free-market
https://steemit.com/statistics/@vimukthi/forget-51-attacks-coingeek-now-control-67-hash-power-and-they-are-loosing-usd370-000-usd-per-day
Happy Steeming!
Sorry if I'm giving you too much to read.
Dear @vimukthi, thank you for the detailed explanation, so i hope that Craig Wright and its shit coin will go to the hell soon, thanks to such prople crypto are not serious investing place...:((
The coin itself isn't that bad. It's the ideology and people behind it that actually suck. Imagine STEEM being run by Zuckerberg. BSV is kind of like that.
As the others said its a fork, the reason they split because of a disagreement in the direction of the BCH coin.
Roger Ver is the main driver behind ABC and they feel BCH is fine the way it is, no need for radical change and want it to be an electronic form of payment for day to day use
While Craig Wright is the big backer of SV and they feel they want to overwrite the network scripts of Bitcoin Cash and increase the block size of Bitcoin Cash from 32MB to a maximum of 128MB, all of which are expected to increase network capacity and scale.
Its basically a disagreement on the best way to improve the network
Thank you my friend for detailed explanation
hi @intellihandling
Indeed those last few months has been really difficult for everyone involved in crypto. I think we need some more time to recover trust towards this market and Idon't believe that we could experience bull run anytime soon (as we always did at the end of each year).
Yes my friend Piotr, another bull run i think will be only when the market will have stability and regulated Icos, right now is a scammer heaven...:(((
I agree with you buddy
Thank you for being so responsive @intellihandling
One fork to another fork has more value than our beloved steem.
Very funny my friend ;)
Man actually this is not a different coin but a byproduct of the hard fork. Whenever there is hard fork the coin splits into two different chains with different algorithms. Before bitcoin cash was not present in the market but when bitcoin was forked we got bitcoin cash and now when bitcoin cash is forked we got bitcoin sv(satoshi vision) and bitcoin ABC. Well due to the hash war many whales are opposing bitcoin ABC and supporting SV and are mining it faster to get it into market. I think bitcoin ABC may or may not enter the crypto space as many don't want it. Fork literally means 'dividing'.
Thank you for detailed explanation
Welcome man