Crypto is careening down a vertical cliff towards a bottomless pit.
Deservedly so.
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.
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You’re really hitched to the CSW wagon, huh? I hope for your sake SV treads water long enough for you to get out. People from all corners of crypto believe CSW is epic fraud
Hell no. Bitcoin’s biggest fault is the fact that transactions become **more** expensive as volumue increases and only very large companies can profitably beome miners. Now BSV adds an even bigger cructh: they want to bring the same finacail transaction slowdown to the internet (“Imagine loading a webpage and a micropayment is made on Bitcoin.”). Page loads would take days.
Also, Big Red Flag is that other than videos, I can’t seem to find any technical info (white papers) on how it would actually work.
You don’t understand Bitcoin SV. Bitcoin gets slower under the Core model to benefit Blocmstream. Bitcoin SV has zero confirmation near instant transactions. Much faster than the dozen ad tracking services on almost every web page.
I am not hitched to a person. This is the critical flaw in crypto. People are so butthurt and tribal about their favorite coin.
SV is the only coin with a roadmap and technical capabikty to scale. CSW happens to be one of the main proponents of that strategy but my choice isn’t about a person it’s about the tech.
Hi CS,
I wonder if you could offer any help. I transferred a test small amount of BCH from my ledger nano to Kraken who split them into AB(Kraken call s AB BCH still) and BSV, it worked very well the coin was split in tow. Therefore I transferred the whole lot and it did not work well, only BCH turned up and no split. Below is what Ledger and Kraken said to me. I am quite lost what to do, could you offer any guidence?
Your funds are not lost, they are still on the sending address you can check it yourself on the BSV explorer,
This is the address for your convenience qq0qejgq33n7d38xtjnmyy0wpyp50j5r9sr8dtwu7k.
We split the coins when they are included on the transaction just like the first deposit.
as I said before your wallet either didn’t broadcast it to the BSV chain or that the transaction wasn’t replay-able. If it is replay-able you will need to find a tool to broadcast the transaction on or alternatively import your keys into a BSV wallet and send the tokens manually.
The BSV funds are still resting on the sending address
The SV block explorer only shows a single tx for that address so your SV funds are likely still on your ledger.
This the process I followed. https://www.reddit.com/r/btc/comments/9xmh2n/psa_how_to_split_your_coins_with_electron_cash/
Read it a few times until you are comfortable. Your ledger is safe to use with Electron Cash and once you change branches you should be able to see and send your SV coins.
If you look at the tx id for the second transaction you can see it on BCH explorer?
From Ledger’s website:
Kraken credits users both BCH and BSV when they deposit BCH on Kraken, only if the depositing transaction is replayable, e.g. valid on both BCH ABC and SV chains. Transactions are replayable if the BCH has not yet been split or mixed with BCH that has been split. This procedure is easier than the manual claiming procedure described below, but requires registering, depositing and withdrawing on Kraken.