The first Bitcoin Independence Day is certainly something to celebrate for BSV backers as Friday’s transaction figures show the original Bitcoin protocol almost doubling the daily volume of stagnant BTC. This is a clear indication that Satoshi’s vision of a global, scalable peer-to-peer system is on the horizon and will be completely in reach soon. According to data provided by BitInfoCharts, BSV has been consistently gaining on BTC, and now, the two are worlds apart, with BSV being the undisputed leader. And you know what they say about numbers, they don’t lie.
BTC backers think their protocol offers a “store of value,” but without utility there is no value. Unlike BTC, which has a “HODL & Pray it Goes Up” business model, the original Bitcoin with the ticker symbol BSV, is focused on enterprise adoption. Savvy developers don’t have time to focus on Twitter Messiahs in the social media echo chamber, they are busy building. New applications are going live daily harnessing the Bitcoin SV blockchain as a data ledger.
BSV backers understand that to ultimately create the utility needed to become a widely used digital currency, a public global blockchain needs to function as a “store of data” for enterprises as well as a micro payments network that facilitates affordable, fast and frictionless transfer for value. Since super cheap transaction fees allow BSV to operate the micropayments network envisioned by Satoshi, transaction volume as you can see in this one year chart is rapidly ramping up.
Casino speculation as a use case won’t cut it, just look at the daily transaction flat line the BTC chart shows over the past year. While BTC depends on new speculators coming in to increase its transactions (which won’t happen anymore), Bitcoin SV is laying the foundation to unlock the true potential of the original Bitcoin which means a future of millions of transactions, not daily but per second.
Bitcoins were meant to be spent just like the white paper says: a “peer to peer electronic cash system.”
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