Crypto is careening down a vertical cliff towards a bottomless pit.
Yet here I am long Bitcoin (BSV) and sleeping like a baby. Why?
Because with BSV separated from BTC and BCH Bitcoin now has a shot at realizing it’s potential. Bitcoin is shedding the dead weight and growing up.
During the CoinGeek Week conference in London at the end of November many new ideas were discussed including a concept called Metanet. Here’s Dr Craig Wright’s presentation:
At a high level, Metanet is the Internet running on Bitcoin. Imagine loading a webpage and a micropayment is made on Bitcoin. This micropayment provides: revenue for miners to keep blockchain secure, keeps the Internet properly incentivized for what has value vs being forced into servitude to FANG’s algos and potentially begins to create a new economy where things that have value are rewarded and those that do not fall to the side.
This is a wholly new economic model for humanity. Ever wonder how the economy ran in the TV show Star Trek? I could argue Bitcoin is the basis of that kind of economy Pure capitalism rewards value and removes waste.
Only Bitcoin SV can scale to meet this need. The plan is 1TB blocks every 10 minutes. At that level Bitcoin SV can handle all payments globally. That’s something to get excited about.
Another takeaway from the conference is “commodity ledger”. Use Bitcoin as a commodity ledger. Anything and everything on Bitcoin for a fraction of a cent. This adds up to increased adoption and increased value.
BSV is ~$100 at the writing of this post. I expect $1,000 by end of 2019.
All the other coins and their promises don’t stand a chance. If you’re holding any coin except BSV I expect it to go to zero. It’s BSV or bust.
In my last post I said I sold all my ABC coins for BSV. I followed this process. If you choose to do this be careful. You can lose all you funds if you don’t understand what you are doing.
If you enjoy the content at iBankCoin, please follow us on Twitter