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Feb 10th, 2020
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  1. >What is /FBSVG/?
  2. It’s a friendly general thread for Bitcoin SV, or BSV, which purpose is to disseminate knowledge about original design, that should have been set in stone since version 0.1.
  3.  
  4. Bitcoin SV (Satoshi Vision) is a fork of BTC/BCH which specifically restores the original protocol and economic system. BSV has one of the most active dev communities, although not for actual client/protocol development; rather, they are building software on top.
  5.  
  6. In the SV implementation of the Bitcoin system, one can use the blockchain as an immutable file store, a capability that was removed from BTC for fear of "spam". Every day there are hundreds of pictures, songs, poems and Bible verses posted directly to the chain.
  7.  
  8. In the long term, BSV is building out what is called the Metanet. "What we are going to actually create is a secure alternative to the Internet, built on the blockchain. The Internet becomes a sidechain to the Bitcoin blockchain. The Metanet is a value network—the entire global system of online activity and data connected commercially."
  9.  
  10. Many of us have abandoned the shitcoin trading life and are learning to build on SV. Join us!
  11.  
  12. >b-but faketoshi
  13.  
  14. I won't attempt to prove CSW is Satoshi here, but I will say this: I learned more about Bitcoin from listening to all his talks than anything else in the past five years. Do not underestimate Craig.
  15.  
  16. Also, for what it's worth, the real rock star/cult leader/main attraction in the SV scene is not CSW, but rather a psuedonymous dev named unwriter, who is perhaps the most profilic dev in crypto.
  17.  
  18.  
  19. previous thread:
  20.  
  21. >Interesting eye opening videos:
  22. what they don't want you to see about Craig Wright and BitCoin (BSV, Satoshi Vision)
  23. https://www.youtube.com/watch?v=hXUOSCGfuJA
  24. Bitcoin Stuff - I think I figured out nChain's business model
  25. https://www.youtube.com/watch?v=2765PgtHkVk
  26. BSV is BITCOIN = There are NO FORKS
  27. https://www.youtube.com/watch?v=I5SuunQ4VgM
  28.  
  29. >Youtube channels:
  30. Money Button - https://www.youtube.com/channel/UCHyU7zkMUZc1dOD-oJ-lArw/
  31. Ryan X. Charles - https://www.youtube.com/user/ryanxcharles
  32. ThingObjectEntity(aka Daniel Krawisz) - https://www.youtube.com/user/ThingObjectEntity/
  33. Bitcoin Association - https://www.youtube.com/channel/UCp6db-jgWGe5Ws35bRbI6Ig
  34. MetaNetTV - https://www.youtube.com/channel/UCEbSUrxk2eFMHEJRoF5V6Cw
  35. CoinGeek - https://www.youtube.com/channel/UC95_Nqes9m5arhoT1lt1SFg
  36. The Bitcoin SV Channel - https://www.youtube.com/channel/UCoWA4QI_uEMYV2WXbLbDVNQ/
  37.  
  38. People to follow on Twitter:
  39. https://twitter.com/cryptorebel_SV
  40. https://twitter.com/_unwriter
  41. https://twitter.com/DanielKrawisz
  42. https://twitter.com/shadders333
  43. https://twitter.com/justicemate
  44. https://twitter.com/_Bitcoin_SV
  45. https://twitter.com/CalvinAyre
  46. https://twitter.com/_Kevin_Pham
  47.  
  48.  
  49. >CSW:
  50. https://craigwright.net
  51. https://medium.com/@craig_10243
  52. https://medium.com/@rqtorresbtc_39666/compilation-of-440-craig-wright-s-post-papers-books-2019-12-30-chronological-order-bfcbaa2369aa
  53. >Craig Wright is Satoshi Nakamoto youtube playlist:
  54. https://www.youtube.com/playlist?list=PLBA1VYjFyHKbR5WeFQVLk95hw2xrq8l8B
  55. >Compiled informations explaining, why Craig is Satoshi:
  56. https://www.reddit.com/r/CraigIsSatoshi/
  57. >Interesting essays written in a philosophical way about BSV:
  58. https://personacryptona.com/essays
  59. >Proof that Proof-of-Work is the only solution to Byzantine Generals' problem:
  60. https://gist.github.com/oleganza/8cc921e48f396515c6d6
  61.  
  62. >BSV services:
  63. https://b.bitdb.network/ - Bitcoin file storage
  64. https://bitdb.network/ - Random access memory for Bitcoin
  65. https://planaria.network/ - infinite API over bitcoin
  66. https://blockchair.com/bitcoin-sv - BSV explorer (advanced)
  67. https://fivebucks.com - Fiverr clone, earn BSV
  68. https://www.handcash.io/ - Handcash wallet (great for mobile)
  69. https://www.moneybutton.com/ - Moneybutton (another hotwallet)
  70.  
  71.  
  72. 2014 saw the emergence of ‘smart contracts’ which allow for conditional payments to be made on receipt of confirmation that other work has been done, but smart contracting must operate in a massively parallel environment where competing nodes can race to do the computations. When constructed properly the kind of computational work that can be done by miners in this manner is virtually unlimited. A paid-for instruction could for example be fetching a piece of data for a user when executing a google search, or even rendering some graphics.
  73.  
  74. So this leads us into an entirely new economy, an economy that is ‘data-driven’ because it is a truly competitive global financial system which can represent any kind of financial instrument and calculate that instruments’ relationship to the world in close to real time. It’s competitive because it makes microtransactions possible and affordable, and because the quantity and speed of possible contracts that can be executed is dictated by how much profit miners can make. So the better they are, the faster the ‘bitcoin computer’ is.
  75.  
  76. The more successful the bitcoin BSV system is, the more it will tend to account for other less secure and less able systems in the fractured and often unaccountable global economy.
  77. This is because at a fundamental level any fiat currency is a contract, a ‘promise to pay’, an IOU, which can be written as a contract in Bitcoin (SV), and it’s profitable to write fiat amounts into smart contracts on chain, which inevitably leads to the bitcoinization of fiat. It doesn’t, however, destroy fiat. Governments can still control their own monetary policy by issuing their own currencies and control their fiscal policy, and banks will be able to make loans to customers in fiat on the blockchain.
  78.  
  79. What governments gain from issuing fiat on the chain is security, auditability and cost savings. It’s cheaper for them to issue fiat on a distributed network that is secured by the free market and the savings can be passed onto the tax payer. And the benefits that accrue to mutually cooperating businesses in different countries that have all issued their fiat on-chain would multiply very fast because they would be conducting trade inside a common, fast, cheap, secure network environment.
  80. It does, however, destroy BTC and other networks using SHA256 as it approaches scale. This is because miners well switch back to the network as it grows in value and returns more to hardware investors than BTC can. BSV is therefore an existential threat to BTC.
  81.  
  82. However BTC is not ‘Bit’ ‘Coin’ because it cannot store data on chain, or do computations on chain, or facilitate a free market for calculations in the block, or create a global microtransaction economy with a 100% legal immutable ledger on chain. Bitcoin SV also destroys the viability of Ethereum since it’s massively parallel by design so computations do not need to run on every node >sequentially, and because it incentivises faster and faster computations it will outrun Ethereum and make it obsolete.
  83.  
  84. At scale, there’s no use for more than one secure blockchain network protocol because an ‘internet of money’ is a giant piece of global security infrastructure. It only works properly when there’s one architecture securing everyone’s businesses together in the same framework. And ironically, since we can now do op_bignum cryptographic calculations inside transactions in script in BSV, we can make Ethereum a side-chain by paying for their Etherhash PoW to be performed and the results of the work submitted for audit on the SV chain. (Patented)
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