two gold bitcoins close-up

Based Artists, hyperbitcoinization, and how small blockers are waking up covered in CoinGeek Discussions

The latest episode of CoinGeek Discussion was packed with guests at the cutting edge of blockchain technology, including Rafael LaVerde, IMSO Chris, E-Smitty, and others building in the blockchain industry. It touched on various subjects, including hyperbitcionization, the awakening of small blockers, and how BSV blockchain compares to blockchains like Solana. Check it out via this link.

Based Artists—What is it, and why does it exist?

‘Bean’ kicks things off by telling us about Based Artists, a community that exists to educate people on how to put digital artifacts on the blockchain. It’s a group of artists, builders, and creators supporting each other and creating/curating on the blockchain.

Later, Bean tells us he was inspired to create Based Artists because so many people are lost and are looking for answers. They can ask the community anything, and they can learn and get support to put their digital artifacts on the blockchain. He invites everyone to hang out in the digital spaces the community is holding regularly to learn, connect, and work together.

Rafael LaVerde drops some alpha

LaVerde is likely familiar to BSVers; he regularly appears on spaces and shares his views on X. In this discussion, he drops some serious alpha.

LaVerde gets started by declaring the Lightning Network dead. He says it’s over—it has been over, and they know it. With this development, BTC officially can’t scale, and many BTCers are just waiting for a spot ETF to dump their bags.

Furthermore, many in the BTC community are now gaslighting everyone by claiming they discovered Bitcoin is Turing Complete. In reality, Dr. Craig Wright mentioned this back in 2015 in a widely publicized discussion with Nick Szabo. They laughed at him then, but he was right all along. Having found this, some want to talk to sCrypt Founder and CEO Xiaohui Liu, and LaVerde has offered to make the introductions.

Zachary Weiner, one of the co-hosts of the weekly CoinGeek Discussions, says it’s inevitable that intelligent people rediscover some of Bitcoin’s capabilities. However, it’s happening faster than he predicted.

LaVerde concurs, noting that more and more small blockers are being taught about Bitcoin’s capabilities by BSVers. They’re figuring out that they themselves disabled many of the opcodes and are now rediscovering Bitcoin’s computational power. “The stone the builders rejected has become the cornerstone for all of crypto,” he says, noting that most of the leaders in BTC Ordinals are BSVers.

Going on, LaVerde says hyperbitcoinization is the convergence of everyone in the world around the same network. It’s the idea and realization that we yield more together. It started with BTC Ordinals, and it’s coming together in ever-greater convergence.

Dropping what he calls “alpha,” LaVerde points to Hodlocker and what it means for the world. He says that, because of the Bitcoin civil war, we don’t know who we can trust, and something whereby we can back content and views with Bitcoin would go a long way to solving that. Such an application has been created, and it’s on-chain, interoperable, and open source.

Why will Hodlocker succeed when similar ideas like BoostPow haven’t taken off? LaVerde says people understand the opportunity cost of locking up coins better. Furthermore, it’s a better system free from Sybil attacks because to conduct one, BSV blockchain’s enemies would have to buy it and pump the price.

If BTC tries something similar, it will not be interoperable, on-chain, or open source, LaVerde tells us. He says David Bailey of Bitcoin Magazine wants to do so, but he’s beholden to venture capitalists and other interests. In any case, what they could build on BTC would never be as good as

IMSO Chris talks about BitMap Valley and the importance of UX

IMSO Chris is one of the guests in this week’s discussion, and he tells us the only limitations as to what can be built are people’s patience and understanding. His team is patient and understands the technology well, meaning they can build whatever they want.

Right now, they’re building games, and they’re not completely reliant on the blockchain; data can be stored temporarily on their own database until the relevant transaction is confirmed. He points to the speed at which BitMap Valley spaces were claimed as evidence of this. Using game engines and logic makes it as easy for him to build Bitcoin-based utility as it is on Solana, but he does outline some of the technical differences between the two.

Giving a high-level overview of BitMap Valley, IMSO says it’s the “first infinitely scalable metaverse” to generate districts that are your own metaverse bases and much more.

IMSO says his team understands blockchain fundamentally from the base up, so they’re able to adapt to new standards and can easily implement and build into them. “Composability is king,” he says, saying interoperability is a facade, but it does exist. In his view, scalability will be a “bunch of scripts and front-end facades,” and the user will have no idea what they’re interacting with.

Ethereum is dead, pretty much,” he says, explaining how Bitcoin will replace Ethereum’s need to exist while maintaining the proof-of-work consensus mechanism.

To learn more about BitMap, why Ethereum is finished, how BSV blockchain compares to Solana, and to enjoy more blockchain-based conversation and debate, check out the discussion here.

Watch: Bitcoin White paper – 15 years on, the significant landmark but what does it mean?

YouTube video

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.