3 things BSV needs
Given all the recent drama in the space around lawsuits, trials, and online attacks, Joshua Henslee discusses what he thinks is needed to push the BSV blockchain ecosystem forward.
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Personal philosophy of leadership
Dr. Craig Wright says the original Bitcoin was established to deliver a global database that can act as a source of truth and one that has an economic value.
Why lower transaction fees will increase demand
If Bitcoin SV’s value proposition is lower fees and micropayments, then surely even lower, and some free fees and “nanopayments” will make it more valuable.
BSV doesn’t need exchanges
Contrary to popular belief, being listed on centralized exchanges does not make a coin or token in demand, desirable or increase in price.
KYC sucks
As a subset of Anti Money Laundering (AML) laws and regulations, Know Your Customer places a lot of burden on companies to secure client data.
Solving double-spending
Bitcoin solved the double-spending problem robustly and securely, and it did so by forming a peer-to-peer observer network that is economically incentivized.
DAOs and the reality
Any “decentralized” and “autonomous” entity will be subjected to legal and business responsibilities as long as they continue to have any effect in the real world.
Despite walk back, PayPal’s latest attempted overreach of power again demonstrates why the world needs Bitcoin
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
Why is trading and speculating so popular?
Trading and speculating are the most popular blockchain use-cases because money means something to everyone, and having more cash than you did yesterday appeals to practically everybody.
Directly from one party to another…
You do not make a transaction directly by sending it through multiple hops; once you send a payment to a node, someone else collects from the node.
The scarcity paradox
Speculating does not create value rather, speculation presents a gamble on a future price. Some people make money with it, but to do well, you need a lot of money in the first place.
If everyone jumped off a bridge…
A purely free-market-based currency secured by economic incentives would lead to greater cooperation and remove the need for all kinds of nonsense arbitration so we could focus on the things that matter to us outside of Bitcoin.