Latest John Pitts News

<p>Most of the time paradigm shifts are overseen by the majority of investors. Only a few visionaries are able to detect when a new industry emerges or an old one changes from its core.</p>
<p>Whoever paid attention in the past two years of <a href=Bitcoin noticed that a paradigm shift is happening in the digital asset sphere. The old and financially unsustainable block reward mining business model is coming to an end due to Bitcoin’s inherent halving events, while its becoming clear that Bitcoin’s value derives not from being “digital gold” or “store of value”, but from being utilized.

TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC: TAALF) is among the very few Bitcoin dedicated companies that foresaw the paradigm shift and is ready to serve the growing transaction processing industry. No wonder financial experts pay attention to TAAL’s business model and analyze its potential.

Financial analysts already discuss TAAL and Bitcoin SV

Recently, equity analyst John Pitts and fintech expert Len Mazur published an almost three-hour long Streamanity video and discussed TAAL, Bitcoin and the transaction processing industry in depth:

At 00:11:37 in the video, Pitts and Mazur describe TAAL and discuss why TAAL’s vision and its execution is crucial:

TAAL is what used to be called a miner and now we call it a node or a transaction processor. So if you have listened to the Theory of Bitcoin or you have done your homework on BSV, what TAAL does is they are literally the equipment and the network (…).

From 00:58:00 onwards, the difference between BTC block reward mining and Bitcoin SV transaction processing is being laid out. John Pitts and Len Mazur understand that the Bitcoin SV driven informational capitalistic system that is emerging is fueled by micropayments and very low cost transactional fees in the Bitcoin system.

As expected from financial experts, both analysts pay much attention to TAAL’s recent financial results and furthermore discuss TAAL’s market capitalization and cash reserves.

The analysts even dive into the history of TAAL (01:33:00) and possible future price valuation by the year 2040 (02:26:45).

The TAAL video costs you Bitcoin SV to watch

If one is new to Streamanity, it might come as a shock to discover the TAAL video is not free to view, but costs $8.88 to purchase.

https://twitter.com/lmazur/status/1301555115573342209?s=20

However, having to pay for high quality content is the best introduction you can get to the growing Bitcoin SV world.

Bitcoin is actually a tool to value data—this has been overseen and in part willingly kept secret to the public by the BTC inner circles and influencers. They are still trapped in the false narrative of digital assets being “digital gold” or a “store of value.” In Bitcoin SV, people make use of BSV to earn, pay and value data. The internet is changing due to Bitcoin SV’s ability to perform micropayments and more.

Streamanity makes use of Bitcoin SV to let the video content creators monetize their work. You will find costly videos on Streamanity and very cheap ones that are set to only cost 1 cent. Since Bitcoin SV has reliable and ultra-fast payment abilities, Streamanity users simply pay and watch instantly.

The TAAL video already has 23 paid views so far—which is much if you consider the fact that each viewer has paid for watching. To further motivate potential viewers of purchasing the video, John Pitts and Len Mazur laid out the video content in the description:

Streamanity users are incentivized to share the TAAL video referral link to earn 10%, which makes 88 cents at the moment for each viewer who has paid to watch the video through the referral link.

Besides that, Streamanity gets a share of the payment, too—so we are talking about three or even four payments done in one Bitcoin SV transaction if someone pays for the video via a referral link. One payment to John Pitts, one to Len Mazur (if they have separate wallets for the Streamanity channel), one payment to Streamanity and another one to the person that shared the referral link.

Bitcoin SV, TAAL and Streamanity—the BSV ecosystem grows

The video perfectly demonstrates how Bitcoin SV is enabling a whole new ecosystem to come to life: Financial experts discuss the Bitcoin transaction processing pioneer TAAL, while viewers pay Bitcoin SV to watch the video or earn BSV by sharing it—and eventually exactly these transactions are probably being processed by TAAL.

https://www.youtube.com/watch?v=JCs-5jP7i68

" title="TAAL’s Bitcoin business model analyzed in Streamanity video" />
Business 9 September 2020

TAAL’s Bitcoin business model analyzed in Streamanity video

Equity analyst John Pitts and fintech expert Len Mazur discuss TAAL, Bitcoin and the transaction processing industry in depth in a new Streamanity video.

<p>https://youtu.be/1iWDeB-CUaI</p>
<p>A former technology analyst on Wall Street, John Pitts brings his experience of assessing Internet companies to making educated guesses about the prospects for Bitcoin SV and BTC. And he’s confident that it’s possible to make valuations: <em>“</em>it's my belief not only that you can, but if it cannot be valued, then it probably isn't anything.”</p>
<p>In an <a href=article on CoinGeek, John worked through a series of calculations to assess the value of the BTC network and compared it with BSV. He started by taking transaction fees across the network as the ‘income’ of the network - equivalent to sales in assessing the value of a tech startup. With small blocks, and therefore limited potential for transaction fees, BTC comes off badly, with the whole network being worth as little as $45,000.

John is unapologetic: “that's about where I think BTC is going, which is effectively zero. And the reason for that is because BTC isn't using the most important thing about Bitcoin, which is the data, the information.”

When it comes to BSV, it’s a different story because the blocks will be much bigger: “if you adjust those numbers and you start using one gigabyte instead of one megabyte or you use one terabyte ...you get very big numbers.”

But John is cautious about predicting too much too soon for BSV: “these things take time. They always do. You know, it took Apple 40 years to get to a trillion dollar valuation. Maybe it doesn't take BSV that long because it's more important than what Apple has done. But the point is, it's going to take a lot longer than people think. However, the valuations can be astronomical for BSV. So there's good news and there's bad news.”

John compares the value of data stored on BSV to the relative value of land and the buildings on them in a city. When the city prospers, land increases in value and that makes it worthwhile for real estate developers to replace smaller, cheaper buildings with new ones. In the same way, as the BSV network grows in value, with a limited supply of coins (21 million), data that’s not valued by its owner can be replaced by more valuable data, making better use of the ‘real estate’ on the coins.

But John’s interest in BSV is not just theoretical, nor even just financial. He is also an app developer, with SLictionary (above) now available to users. It’s a BSV-powered dictionary, whose marketing describes it as the “biggest advancement in dictionaries since books”.

The idea is to invite users to create competing definitions and upload photos and videos to help explain words too. Popular definitions are rewarded with BSV. Although the user has to pay a small search fee, John says, the money “takes away all the bad entries and accentuates the good ones.” Unlike with Wikipedia, “people can’t spam it. People cannot manipulate it. I think that's the beauty of the whole thing.”

At the moment, there are still thousands of words waiting to be defined on SLictionary. But for John, that’s not a problem. He’s in BSV for the long run, based on his research into the potential of the network. It worked when he made that kind of judgement on the young Amazon.com. Now he’s getting the same feeling about BSV, as he said in his article: “this is one of those times I’m betting my life, my good name, and even my children’s destiny on a set of research.”

“Destiny” is still waiting to be defined on SLictionary.

Hear the whole of John Pitts’ interview in this week’s CoinGeek Conversation podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is the first episode of the podcast’s fourth season. If you’re new to it, there are plenty of episodes from the first two seasons to catch up with, as well as plenty from this year.

Here’s how to find them:

– Search for “CoinGeek Conversations” wherever you get your podcasts

– Subscribe on iTunes

– Listen on Spotify

– Visit the CoinGeek Conversations website

– Watch on the CoinGeek Conversations YouTube playlist

" title="John Pitts: The BSV network could have an “astronomical” value" />
Interviews 2 September 2020

John Pitts: The BSV network could have an “astronomical” value

A former technology analyst on Wall Street, John Pitts brings his experience of assessing Internet companies to making educated guesses about the prospects for Bitcoin SV and BTC.

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