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Blockchain has potential beyond merely providing a database and a platform for cryptocurrency exchange. A growing trend since 2016 continues to be solving how to move real-world assets onto the blockchain to gain the advantages of Bitcoin while keeping the characteristics of the asset. Asset tokenization fulfills this goal.

Tokenization is a process that converts the rights and benefits to a particular unit of value, such as an asset into a digital token that lives on the Bitcoin (BSV) Blockchain.

How Tokenization Works

Tokenization enables an efficient and straightforward possession, verification, and transfer mode, powered by the Bitcoin SV Blockchain. Several categories of digital tokens exist: security, utility, identity, and more. Assets can be tangible or intangible and anything you deem valuable can be tokenized.

Tokenizing assets opens up the potential investor base to a broader market, increases liquidity compared to traditional securities, and reduces the time required to trade. Transmission, record-keeping, management, and storage via the Bitcoin (BSV) Blockchain’s protocols, change the way we handle traditional asset transfers. Bitcoin (BSV) Blockchain assures the token’s transaction history is irrefutable.

Key Advantages of Tokenization

Digital tokens powered by the Bitcoin (BSV) Blockchain allow tokenizing partial rights, such as content licensing. Furthermore, Bitcoin (BSV) Blockchain permits tokenizing full possession, like owning a condominium.

Tokenization further enables splitting substantial, non-liquid assets into smaller and more liquid segments. Using the condo example, multiple parties can own the unit and tokens can represent each owner’s stake. This could streamline the process with government, as well as satisfy the record-keeping. The process creates more freedom in trading assets while decreasing illiquidity premiums, building a more efficient process and additional sources of value.

Combining tokenized assets with a fluid cross-border platform sets the framework for open marketplaces. This allows for fluid, dynamic, and inclusive channels that encourage participation, unlocking collective value for everyone.

The Bitcoin (BSV) ledger records all subsequent changes of possession. The digital trace of Bitcoin transactions not only verifies the history of belonging but also helps to ensure less fraud. The immutable structure of the Bitcoin (BSV) Blockchain makes it impossible for a token-holder to “double sell” a token i.e., accepting a transfer for the same asset from two different sources.

States of Existence

The blockchain technology distinguishes between two states of existence; fungible tokens and non-fungible tokens.

Fungible tokens are divisible, identical, and replaceable by another identical item, such as general admission concert tickets or loyalty points. If two parties have equal amounts, they can swap them without losing or gaining anything. Non-fungible, on the other hand, indicates a unique representation in that another item cannot replace it, creating a verifiable scarcity of the asset.

Stored within each token is individual metadata. The metadata within a token can include references to each token’s attributes such as information about possession. These authenticated details can ultimately add value because investors can be confident about its provenance.

This non-fungible nature shows how their use cases will differ from their fungible counterparts. An example would be a game-day jersey worn by your favorite player during the championship match or a piece of artwork.

Practical Use Cases

The benefits of tokenizing an asset include ease of transfer, automation, and fixed archives of transactions no longer bound by cash or tangible assets. The process changes how broad asset classes are gained and transferred, democratizing ownership, from copyrights to real estate. Creating tokens for assets gives them a solid backing for transfer and a secure guarantee of their legitimacy.

To demonstrate how tokenization works, let’s say you are selling VIP skybox tickets to the final’s match at the FIFA World Cup worth $50,000. Entry into premium events is difficult to trade due to rampant fraud. Careful inspection is needed to ensure the seller does not introduce a fake ticket at the time of the settlement and when possession legally changes hands.

By tokenization, you can represent the ticket’s value in terms of tokens, e.g. 1 FWC (Fifa Word Cup Ticket) = 5 BSV. By combining smart contracts with tokenization, the exchange process can be easy and efficient as opposed to how the exchange occurs with third-party brokers that slow the process down.

Estate planning is another practical application of tokenization. Tokenizing an estate makes it easier and simpler to distribute your assets to family and friends while guaranteeing adherence to your wishes.

The agent may include certain business logic in smart contracts while allowing for automated events to occur and increasing the speed of settlements. They can also program compliance into the tokens, including relevant compliance KYC/AML checks for all participants that have a digital identity.

Getting Started with Tokenization

The most crucial goal of any token system is that it allows for practical and beneficial use cases. With this goal in mind, the Tokenized team developed the award-winning open-source Tokenized Protocol into a global data interchange standard.

The Tokenized platform provides issuers and users with an easy and safe way to create, manage, and trade security or utility tokens using smart contracts. It is also a fully-featured Bitcoin SV wallet.

“We look forward to helping everyone in the ecosystem add support for the open-source Tokenized Protocol in their own projects. We also welcome all users, organizations, developers, governments, and investors to reach out and find out how the Tokenized Protocol can benefit them,” explained James Belding, Founder and CEO of Tokenized.

We believe our solution is the best token and smart contract system on the market, by far, and combined with the unrivaled scaling capabilities of the Bitcoin SV (BSV) network; we believe we can systematically improve the way our world engages in voluntary exchange.

Key Features of the Tokenized Protocol:

• Support for a diverse array of asset types: Common Shares (SHC), Loyalty & Reward Points, Coupons, Currencies, Admission Tickets, and Memberships (with many more asset types to be announced soon)
• Multi-asset atomic swaps
• On-chain messaging for orchestrating the signing of multi-signature, threshold signature, token exchange transactions, and more
• Smart contract support for Identity Oracles ensuring issuers can comply with KYC, AML, CTF laws, even in secondary trading, all whilst maintaining user privacy

The Tokenized platform will take users through four easy steps to make sure the token issuance is legal and suits their needs. The assets remain theirs to sell or raise capital with them in whatever manner the holder chooses. Users create a custom smart contract with terms and conditions of their choosing. More information on the Tokenized protocol found on their homepage.

Indeed, tokenization is vital to your knowledge on Bitcoin and blockchain. However, for you to fully understand how Bitcoin came to be, you also need to learn about the Tulip Trust and its impact to Bitcoin.

A junior minister in the government of Malta has discussed the country’s progress in introducing its new legal and licensing framework for the crypto sector, designed to bring the industry into the island’s mainstream economy.

Speaking exclusively to CoinGeek, Silvio Schembri, Minister for Financial Services, Digital Economy and Innovation, said the process was advancing well, with a number of firms poised to begin the application process for new crypto licenses.

After introducing the new scheme in 2019, the government setup a one-year transition period for companies to adjust to the new legislation—a period which ended in the last week. According to Schembri, some 34 letters of intent have been received from firms, a pre-application process before submitting full applications for a license.

The Minister said the licensing process was setup with a view to encouraging long-term growth and development in the sector. As a result, the thresholds for compliance had been set at a high level.

The new scheme was introduced as part of sweeping changes to Malta’s crypto legal landscape. Back in November 2018, Malta introduced three new bills governing blockchain businesses based in or operating within the jurisdiction: the Virtual Financial Assets Act, the Innovative Technology Arrangement And Services Act, and the Malta Digital Innovation Authority Bill.

According to Schembri, companies that pass the compliance threshold can be assured that they are “here to stay” over the long-term.

Discussing the immediate impact of the new licenses on the island’s economy, Schembri said he envisaged a greater contribution from the sector to economic growth in Malta.

Furthermore, he suggested that the new laws would help develop the wider crypto ecosystem in Malta, which has already emerged as one of the world’s leading jurisdictions of choice for crypto companies.

Schembri said he expected 2020 would be the year in which these objectives would be achieved.

The government of Malta is already developing and implementing blockchain technologies, including blockchain systems for land registry, registration of companies, student registry and a variety of other functions, with more projects in the pipeline for 2020.

CoinGeek conferences always offer great opportunities for developers of the Bitcoin community to get together, learn about what is coming down the pipe, discuss their projects and build together. Thankfully, Twitter user WallStreet5 continues to back the BSV community, once again offering to help some lucky developers to get to CoinGeek London.

WallStreet5 (@Street5Wall) will help pay for a limited number of developers to travel to London and attend the CoinGeek London conference, to be held on February 20-21, 2020. In cooperation with the Bitcoin Association, 15 aspiring developers can apply for assistance for this great opportunity.

We are proud to announce @Street5Wall has once again generously donated 100 #BSV coins to help sponsor a limited number of developers to attend the CoinGeek Conference in London on 20-21 February 2020.
Apply here : https://t.co/WAAbKPe3bx#CGLondon #BitcoinSV #Blockchain pic.twitter.com/YT5HMN2iVZ

— BSV Association (@BSV_Assn) January 13, 2020

The application process is easy. Developers need only to visit the Bitcoin Association’s website and fill out a form. The application period will run from January 13 to 17, with the selected developers announced on January 22. In total, 15 developers will be chosen to receive assistance.

The question is, do you have any reason not to apply? Previous CoinGeek conferences have proven their value for upcoming teams, with great learning opportunities from Developer Day, networking opportunities with the best of the Bitcoin SV (BSV) community, and the intangibles that come from being with like-minded people.

If the offer sounds too good to be true, fear not, this isn’t the first time WallStreet5 has stepped up to help out others. He’s made these offers before, sending 13 developers to CoinGeek Toronto in 2019. That started from an offer to support 5 developers, so the man definitely has a track record of generosity.

And the opportunity offered up is definitely worth the time to sign up. Every CoinGeek Conference, in Hong Kong, London, Seoul or Toronto, has been focused on helping developers build. This could be the chance for developers to not only get assistance to get to London, but to also get the last insights they need to develop the next big application for the Bitcoin SV blockchain.

So what are you waiting for? If your development team has something great to show, but could use a little help to show it off, head on over to the Bitcoin Association website and sign up now.

Observers of the crypto sphere from a Bitcoin SV (BSV) standpoint are used to seeing deceptions and false narratives laid out by BTC concerning Bitcoin. However, the lies about Bitcoin have reached a whole new level recently.

The famous @Bitcoin Twitter account with over 1 million subscribers has changed its description a few days ago. What we can witness there is the ultimate attempt to morph public’s perception of Bitcoin.

How much misinformation about Bitcoin is possible?

A lot, as it seems. Let us have a close look at the new description of @Bitcoin. Remember that most people involved in cryptocurrencies are following this account and on most crypto media outlets, the lies being pushed there are perpetuated in the same way since at least the past 3 years.

In this description, Bitcoin is defined as “an open source censorship-resistant peer-to-peer immutable network. Digital gold. Don’t trust; verify. Not your keys; not your coins.”

Sounds good? Almost nothing in this description is true. Let us go through these points one by one and help others to understand why Bitcoin SV is Bitcoin and how BTC tries to be something way less valuable.

Censorship-resistant?

BTC claims to be censorship-resistant, however governments are able to interfere in the work done by miners. It is quite easy for governments to enforce laws on miners and block addresses, transactions as well as almost all relevant movements from BTC to fiat or the other way around.

Honest miners follow orders given by law enforcement and governments all around the world. BTC should not think miners would invest tremendous amounts of money into their equipment just to help money laundering and other criminal activities.

Bitcoin is indeed permissionless, but not censorship-resistant as told by BTC. If you want to reduce censorship by governments, it is not done by technical solutions, but by political ones.

The Bitcoin SV approach: Bitcoin does not work against governments and law. Bitcoin SV is regulatory friendly. Governments and people similarly profit from Bitcoin SV.

Peer-to-peer?

Bitcoin is meant to be a peer-to-peer electronic cash system as described in the whitepaper. BTC is not peer-to-peer at all right now, and will be even less peer-to-peer in the future once the Lightning Network is running.

With Lightning Network, transactions are not peer-to-peer anymore, but peer-to-miner-to-lightning-to-miner-to-peer. Devastatingly inefficient, insecure and far from having low transaction fees.

BTC claims to be peer-to-peer, but is not and is even trying to move away further from peer-to-peer with Lightning. They still call it peer-to-peer though, in order to deceive people. It is the attempt to shift away power from the Bitcoin blockchain to a second layer technology run by them.

The Bitcoin SV approach: Bitcoin SV is truly peer-to-peer, aiming for full use of the SPV technique described in the white paper. No second layer technology for transactions is needed, everything is done on chain.

Digital gold?

BTC presents itself as “digital gold.” There are plenty of reasons why this is not the case though.

Before gold had any value as a “safe haven,” it was used for jewelry, decorations and mythological purposes. There was a use case for gold before gold became a kind of cash. BTC claims to be “digital gold“ for being a store of value, however there is no use case for BTC so far other than waiting to become “digital gold.” There is a real use case missing here. Before BTC could become “digital gold,” it would have to be used for interactions by humans first.

BTC proponents have it all backwards. They want BTC to be “digital gold” and to be used as cash later on, which cannot work in absence of an existing use case.

Bitcoin SV has a whole other approach than BTC to be cash. With Bitcoin SV’s Metanet and all its utility features, there is a use case for Bitcoin SV before it can be used as cash. This is exactly how it has to be done: having a use case first (utility), then secondly being used as cash (interchangeable asset). 

Furthermore, BTC’s and gold’s inflation are different. BTC has a kind of centrally planned inflation set in code and will be deflationary once the maximum supply of BTC coins has been hit. Gold on the other hand has a market driven inflation without a known maximum—whenever there is more demand for gold in the market, gold mining corporations will increase their production. Once the gold supply on earth is used up, it is not impossible to mine gold on asteroids and other planets in the future. So there is no known maximum supply for gold so far.

The Bitcoin SV approach: Bitcoin SV is not “digital gold” to sit around waiting for price appreciation, but is meant to be used via microtransactions in the Metanet. If anything, growing utility is the price driver, not the other way around.

Don’t trust; verify?

The “Don’t trust; verify” narrative is an attempt to make people believe using BTC or being involved in BTC requires being a miner or at least verifying every finished transaction via your own “home node.” However, this is not how Bitcoin is described in the whitepaper. Verifying a transaction from a non-mining node (which is in fact not a node at all, but that is another story) does not contribute to the network. There is no advantage for users to verify.

But don’t you want to verify everything on your own?

No, thank you. As a user of Bitcoin, I do not want to verify anything. I want to sign a transaction and hand it to the merchant. That is, in an ideal Bitcoin world, the most obvious use case—a consumer paying a merchant. It is up to the merchant to broadcast the transaction, and if necessary, to verify it. Most of the Bitcoin users have no interest in broadcasting a transaction done to a merchant on their own or any interest to verify it. If the merchant does not broadcast the transaction, it is not the customer’s problem. The customer has handed over his signed transaction and got his purchased good or service already. The deal is done before anything is to be verified by the customer.

Now let us take the “digital gold” and “Don’t trust; verify” narratives at once: On the one hand, BTC wants to be like gold, on the other hand people are expected to verify everything in BTC. Anyone involved in real gold has nothing to verify though: An ounce of gold is an ounce of gold, transacting gold is transacting gold. There is nothing to verify here. These two narratives do not even fit together.

The Bitcoin SV approach: Bitcoin SV leaves it to professional miners in huge server farms to run nodes. Users will be users only, enjoying all advantages of Bitcoin without having to contribute to the network.

Not your keys; not your coins?

Now this “Not your keys; not your coins” sounds really good at first glance. It means that anyone who holds keys actually is entitled to the coins. But that is so wrong, you cannot even imagine.

There is something called property rights. If you lose the keys to your coins, your coins are still yours—by law. You may have lost the access to those coins, but they are legally still yours. The other way around, too: if anyone ever gets your keys, that does not mean the property right concerning the coins is being passed onwards. The coins are still yours, the one who gained access to your coins did not obtain them legally.

BTC is selling this narrative to let people believe they can gain property rights by gaining access to coins. Access to coins is just that: access. With sound law enforcement, unlawful accessed coins will be seized and returned to the lawful owner.

The Bitcoin SV approach: Property rights are defined by law, not by code. Bitcoin SV does not enable an unlawful way of obtaining coins, but helps law enforcement with transparency and traceability.

Conclusion to this mess of a so-called Bitcoin Twitter account

Looking at each thesis in the @Bitcoin Twitter account, it is obvious they are false.

BTC has been for years propagating false information about Bitcoin. Selling the idea of censorship-resistance, BTC signals value to the dark net and crime cartels. Via reducing the peer-to-peer functionality, they gained control by running Lightning Network nodes. By defining Bitcoin as “digital gold,” they lure uneducated investors into BTC, making them believe BTC will gain value by not being used for anything at all. With “Don’t trust; verify,” BTC tricks people into thinking they play a role in the network, while they actually don’t. Finally, by stating “Not your keys, not your coins,” BTC tries to convince the public that law can be written over by code.

Crypto enthusiasts are starting to wake up to the fact that they have been lied to. Bitcoin SV does not promise anything untrue, just Bitcoin as described in the whitepaper. This is the value of Bitcoin to be found only on BSV, nowhere else.

Does the word “tokens” remind you of ICOs, pump and dump trading, and the crypto wild west? Like so many other blockchain promises of the past, tokens are an important technology with a damaged reputation thanks to get-rich-quick schemes, hype, and misunderstanding. When Bitcoin gets real again in 2020 with the Genesis upgrade, it will again be possible to fulfill the promise. Here’s a look at what went wrong, and how Bitcoin’s professionalization can deliver a far better future.

Tokenization on the Bitcoin SV (BSV) blockchain will be a featured track at CoinGeek Conference London in February, coinciding with the Genesis release. Unlimited scalability and long-term viability mean tokens are back—though this time, it’ll be done properly.

Put simply, a token is an immutable, digital record of ownership. Based on smart contracts, they enable any agreement to be recorded and even enforced without the use of paper documentation, or middlemen like lawyers and notaries. Low cost and simplification make binding contracts accessible to all, not just business owners and the wealthy.

They can also cover any agreement of any size: from corporate takeovers and governance, government and financial services, loans, shares, employment, supply chain management, down to everyday actions like consumer purchases, loyalty points and concert tickets. They could someday even manage your identity, while protecting privacy.

Participants in a tokenized smart contract can be companies, governments or individuals… and they don’t even need to be human. Anyone (or anything) capable of engaging in commerce with obligation to another party.

But first, let’s look at why “tokenization” in 2020 means something much more than it did in 2017.

 What tokens aren’t (or shouldn’t be)

Blockchain tokens got a bad rep, probably deserved, during the ICO craze of 2017—which bled into 2018 and still continues to some extent today. Inspired by Ethereum‘s ERC-20 tokenization technology and headlines of companies raising from US$35 million (Brave’s BAT) to $4 billion (Block.one/EOS), the bandwagon soon got full.

Sure, people talked about the proper way tokens should be used. Ever since the old days of Colored Coins in the early 2010s, the blockchain industry has described legitimate use cases. Unfortunately, it got drowned out in the noise when people realized you could make billions by selling play money to gullible investors.

There were token promises (pun intended) that ICO units purchased would “have utility within the ecosystem” of each blockchain project they supported—usually as a form of loyalty point or payment. However, use of the platform would need to become widespread before the tokens could be used for this purpose. Some do serve this function, but it soon became clear the “utility” promise was an empty one in many cases, an attempt to appease regulators as hastily-created startups engaged in crowdfunding with no legal obligations to token owners. Most of them even mentioned in the fine print that tokens would not entitle buyers to company shares or future dividends.

Getting listed on exchanges like Binance or Bittrex meant tokens offered little more than speculative profits—and even then, only if you pumped and dumped them in the first 48 hours, after which most of the values and liquidity plummeted and never rose again.

Regulators in the U.S. and China, where most funds were raised (despite many supposedly forbidding US residents from buying) saw through the ruse. The CFTC and SEC declared blockchain tokens could be regulated securities, and Chinese police in 2017 shut down an entire ICO conference midway through. The term “ICO” became synonymous with unregulated fundraising, lost money, and failed projects (many of which had limited prospects or never really existed in the first place).

 The case for legitimate tokenization on Bitcoin

Despite all this, blockchain tokens—issued on a long-term functional blockchain—remain a viable and promising technology if used properly and legally. It is inadvisable to purchase any token purely for speculative trading. However if a token represents a contract of some kind, e.g. ownership or an actual obligation, and is backed by a legitimate issuer, there are boundless use cases.

That’s where Bitcoin comes in. The Bitcoin SV blockchain’s massive transaction capacity, high speed, low fees and long-term “source of truth” ledger could usher in a new era of efficiency in almost all human interactions.

Tokenized is one company in the BSV ecosystem working on a smart contract platform that anyone can use. CEO James Belding gave a presentation at CoinGeek in Toronto, which we recommend for a quick overview of what tokens on the Bitcoin blockchain can do.

Everyone can benefit from tokenization, Belding said. Companies, non-profits, partnerships, individuals, even families.

ECDSA (digital) signatures can legally be used in place of any handwritten signature, on a permanent universal ledger. They’ll have their own governance rules and even enforcement automated. This drastically reduces costs and increases speed—the same platform that manages your tickets to a music festival could transfer ownership of a multimillion dollar piece of real estate in a few seconds, settled.

Governments could someday even issue visas and passports electronically, manage welfare programs and healthcare, or run elections with lower levels of fraud than postal voting. Then there’s the much-talked-about prospect of central banks issuing national fiat currency tokens—something that, according to Belding, “is going to happen sooner than people think.”

One criticism of tokenizing real-world, or “off-chain” events on a blockchain is that the blockchain itself cannot enforce non-digital rules. For example, a thief could steal a valuable artwork or a corrupt government could confiscate property, no matter what the smart contract says. However digitizing agreements certainly reduces the need for physical documents (which can more easily be forged, lost or stolen) and Bitcoin is intended to work within human-legal frameworks, where rule-of-law exists.

This way, blockchain tokenization works to complement human law rather than attempt to replace it. And by making it cheaper and easier, it makes legal agreements of any size available to all. That’s the main promise of tokens in 2020—now the race is on to build the best and most widely-used platforms to manage them.

This article should really be called the tale of three Bitcoin: BTC, BCH, and Bitcoin SV (BSV). But that title doesn’t have a nice ring to it, and in conversation, not many people seem to be concerned about BCH being a threat to Bitcoin SV. So for that reason, we will only be taking a look at BTC and BSV in this article.

Many BSV supporters often compare the two networks. They put BTC head to head with BSV and believe we live in a world where only one of these networks will survive. However, I don’t think that’s the case—at least, not for the foreseeable future.

My prediction: Bitcoin SV and BTC can coexist for years to come as they do not compete at all. Anonymous tokens will slowly be banned in most major countries and the rest of the platforms will become irrelevant as they do not scale and BSV does everything better than they do.

— Calvin Ayre (@CalvinAyre) September 17, 2019

I think a good portion of Mr. Ayre’s statement is correct; BTC and BSV don’t compete. I also think the part about anonymous tokens being banned is true, and that other blockchains are going to lose relevance—although for a different reason than the one Calvin states, but we’ll save that story for another day.

Why BTC and BSV will co-exist

Modern-day utility in BTC is that it is an alternative investment vehicle that has striking similarities to gold; for this reason, many people call BTC “digital gold.” Although Bitcoin SV also has that property (digital gold), the utility in BSV comes from it being an infrastructure protocol that can be used to create the internet of value. 

They don't compete, only one scales and can be used for earn and spend economy so you can build applications only on original #Bitcoin #BSV….not competitors.

— Calvin Ayre (@CalvinAyre) September 18, 2019

Alternative for gold

Today, BTC is primarily used as an investment vehicle. Although there was a point in time when it’s primary use-case was a pseudo-anonymous payment rail, those days are over. The government has cracked down on Dark Net Markets, and users of those markets have turned away from BTC to digital currencies that give them more privacy.  

In addition, BTC’s technical limitations, such as 1MB blocks, make it difficult for developers to build businesses and programs on top of the network, so for that reason, not many are interested in building atop BTC.

So if BTC is seeing a very small amount of activity as a payment rail, and if it’s not being used as an infrastructure protocol, then what is it being used as? Many will tell you that it is being used as an alternative to gold. 

BTC is similar to gold, but has many advantages; it has a finite supply, and it acts as a hedge against inflation, but it is easier to carry, is highly divisible, and is relatively liquid just like physical gold. Individuals who purchase BTC are primarily doing it for investment purposes. In other words, they are speculating on BTC and believe it will be more valuable in the future than it is today due to its similarities—and advantages—to gold among many other reasons that they might have.

Internet of value

And then we have the internet of value, which at the moment, can only come to fruition by using BSV in your stack. BSV does everything that BTC was supposed to do since it is not restricted by technical limitations. This gives companies the ability to create businesses and applications that empower consumers. Several companies are using BSV to build applications and platforms that give consumers ownership of the data they create online, the ability to monetize that data, censorship resistance, and increased transparency. 

Why both will survive

BTC and BSV will survive for at least two reasons:

1. they serve different purposes, and
2. they capture different audiences.

BTC attracts the majority of the individuals who are interested in an alternative investment vehicle. At the same time, BSV captures the lion’s share of developers who would like to build a market-disrupting business. Although BSV has all of the same properties of BTC  (without the technical limitations), we cannot overlook that BTC was first to market. I say that to say this, people—especially newcomers—are going to be more familiar with the item that hit the market first before they become familiar with the alternatives that followed.

That is why we continue to see the individuals interested in an alternative investment gravitate toward BTC before they even consider that BSV is a viable option. And why highly technical individuals who have been a part of the cryptocurrency communities and markets for quite some time gravitate toward BSV.

Final thoughts

At the end of the day, both BTC and BSV are going to be around for many years to come. In all honesty, the two don’t compete, and they captivate different audiences. One is primarily being used as an alternative investment vehicle. The other is being used to create the companies and programs that could ultimately disrupt many modern internet applications as we know it, bringing us closer to a world with an internet of value that empowers the end user.

It is easy to get caught up in a dispute, even an echo-chamber, regarding why only one of these blockchain networks will survive. But when you talk to the average person, especially a no coiner who is interested in jumping into the crypto-markets, they are going to have no idea what someone means when they say that only one coin will survive. While BSV is considered the original Bitcoin now that BTC forked off taking its ticker symbol deviating from Satoshi’s whitepaper to create its own unique protocol, both blockchains will exist for some time since neither compete head to head anymore.