Joseph

BitCoin🐉🇰🇷⚡️Handcash - $DAVINCILIFE 💫 Inteligence test. The technology speaks for itself. [email protected]

[Dr Craig S Wright @Dr_CSWright]

Why Scaling Matters: Blockchain scaling ensures systems handle varying transaction demands efficiently & securely. It's like preparing for a marathon, not just a sprint. #Scaling

[Roy Murphy @murphsicles]

Murphy's Paradox:

L1 doesn't scale without L0 scale.
L2 doesn't scale without L0 scale.
If L0 scales, you don't need L1 or L2.

If an unbounded L0 has predicate scripting, allowing for Total Turing operands to be constructed, L0 can enable overlay networks to natively contract.

[Joseph @BSV_Joseph]

@HumansNoContext 쪼가리

[Zem Gao @zeminggao]

@cryptoAcorns @shruggr @DevelopingZack @wildsatchmo @1SatOrdinals

A large-scale use of Ordinals will validate both the power and necessity of BSV

The ordinals have seen explosive growth within a short period of time since its creation in January 2023. Over 10 million inscriptions have been made in the last six months.

That may sound like a lot for meme tokens. But it is nothing if these inscriptions are used for constructing the Web. Even 1 million inscriptions a day is nothing.

As of 2020, the amount of data on the internet was estimated to be 64 zetabytes, which is about a trillion gigabytes. The amount of data generated each day is expected to reach 463 exabytes globally by 2025. It is estimated that over 5 trillion gigabytes of data is transferred over the internet every day[1]. By the end of 2025, the total amount of data on the Internet may be around 100 zetabytes, or 10^24 bytes. If a functional web link contains an average of 1 kB of information, we need a total of 10^21 web links. With a mere 1 million inscriptions a day, it would take 3 trillion years to create all those links, not even counting the future growth of the web.

And 1 million inscriptions a day would be already pushing the upper limit of BTC blockchain’s hard ceiling.

Besides, at that point, ordinals would have already taken over the BTC blockchain, and killed BTC’s digital gold narrative, without which BTC would find itself competing in the actual ‘labor’ market doing real work, which of course it is not able to and not designed to do.

It is clear that if there is the slightest smidge of seriousness in doing the Web rather than mere memes, a blockchain that has unbounded scalability is the only way to go.

Ordinals for the Web is simply a straight contradiction to BTC.

The Ordinal token was initially developed on BTC as an exploitation of a loophole of BTC protocol. It was an immediate success as well as an instant controversy. The idea of tokenization data inscription on-chain, and any smart contract in general, is foreign to BTC, and in fact is regarded an aberration or even threat to the BTC narrative.

But soon ordinals found home on BSV blockchain, which has unbounded scalability and fees that are hundreds of thousand times lower than BTC’s.

Before the recursive ordinals, the ordinal tokens had no utility and were traded on a purely speculative scheme. But recursive ordinals show that they may have utility and may develop more in the future.

Once they do, ordinals will all move to BSV from BTC, because utility always gravitates toward better scalability, higher efficiency and lower cost.

Not only that, ordinals might finally reveal the truth about Bitcoin: BTC is a myth sustained because of, not in spite of, the nonexistence of utility. Once the real utility emerges, it will show the true nature of BTC, that it was designed to protect a digital gold narrative and a subsequent layer-2 service industry which was unnecessary in the first place. It also shows the true nature of Bitcoin, it is all designed for utility, from payment to tokenization and to the integration with the Internet from the top application layer, to the HTTP/S linking layer, all the way to the TCP/IP base layer.

The above is only the last section of the article.
See the full article linked below, which discusses the importance of integrating blockchain and HTTP/S:

Blockchain and HTTP/S https://t.co/78jrpkN5eR

[Jerry David Chan @digitsu]

@_electronicCash I expect news of them negotiating a license will be forthcoming. Perhaps within the month.

[Zem Gao @zeminggao]

It has little to do with BSV itself. BlackRock investors and their followers are studying the Bitcoin-related space characterized by UTXO and Proof-of-Work, and making "technology sector investing", meaning an investment strategy that invests broadly into an entire technology space or sector identified by certain characteristics.

This is probably slightly better than the zero-information speculation, but still low-information price speculation.

For BSV, it has always been worse than zero-info. It's negative-info, because there's no plausible explanation for a world in which LTC and BCH are valuated more than 8 and 6 times higher than BSV. BTC has created its own bubble based on a separate narrative, but LTC and BCH don't even have that.

But the reality is that there is no proof that *any* of these coins is worth its price tag, BSV included, until mass adoption has occurred and most buyers of the coins are buying because they actually need the coins.

The time not yet. Don't get distracted. Focus on building.

See Price Matters https://t.co/PgwJap9Yn8

[Team Bitcoin BSV @BitcoinSV2026]

@kurtwuckertjr They deleted it when they realized how stupid it was.

[Dr Craig S Wright @Dr_CSWright]

@JorgeStolfi @hv_bitcoin And, BTC... does not have a "set in stone" protocol...

A key part of how bitcoin is defined.

[Kurt Wuckert Jr @kurtwuckertjr]

Let's see if this tweet can get a billion retweets.

Go.

[Joseph @BSV_Joseph]

@PeergameEng Same Energy.

[Historic Vids @historyinmemes]

People in the '80s react to new laws against drinking and driving

[Joseph @BSV_Joseph]

@Street5Wall @sennie39 @money_button @handcashapp @apagut This was only the case when I sent it to Paymail. I send it to a legacy address, it works fine.

[Joseph @BSV_Joseph]

@Street5Wall @sennie39 @money_button @handcashapp @apagut I too transferred funds from MoneyButton to HandCash and had the same documentation. I reached out to Handcash for support and asked them to resync the transaction and it was all restored within a day.

[Joseph @BSV_Joseph]

@murphsicles Where is the unwriter, he left BSV, right?

[Roy Murphy @murphsicles]

How it started
vs
How it's going

[Joseph @BSV_Joseph]

@Vince50818862 기록을 위해 남깁니다

[Joseph @BSV_Joseph]

@viscountrexxie Until we see a real breakout, we can't be sure of anything. I'd say it's still bearish...

[Joseph @BSV_Joseph]

@PeterMcCormack The monetary damages are unfortunate, but think of it as paying for your own stupidity that got you this far. Legal fees for blaming others are expensive in any country.

[Joseph @BSV_Joseph]

오랜만의 밋업
근 3년 반만에 열려 감회가 새롭다.
준비하신 노고에 감사드립니다
@neolha #bitcoinsvmeetup

[Joseph @BSV_Joseph]

Cycle2 - 2023.4~5
135,40,549,257,1200,775,1200,395,780,100

[Johnny Lim (Woojong Lim) [email protected] @neolha]

3년만에 Bitcoin SV 밋업이 서울에서 개최됩니다.
4.28(금) 더 레어 뮤지엄 (역삼역 1번 출구)
참가 신청 https://t.co/73cK4j6ocJ