Eric🌷🍌 BSV=UTILITY

#Bitcoin | graphic designer | BSV=utility | WordSmith @ | HandCash: $eolio

[Eric🌷🍌 BSV=UTILITY @eolio76]

@RonSwanonson Yet you fail at the basics. Bitcoin is not BTC
“peer to peer cash system.” It’s literally in the title of the white paper.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@theswansjr Because ppl like you who utterly don’t have a clue about Bitcoin pushing the BTC ponzi as Bitcoin.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@ScotchHorse @JoelHodlman Yeah man, no morals whatsoever just diamond hands.
These guys go down with the ship.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@kurtwuckertjr @Vladcostea So basically @___siggi___ proofed the holy grail in bitcoin.
I guess @Vladcostea isn’t interested in such nonsense. 🙃

[Eric🌷🍌 BSV=UTILITY @eolio76]

@cg197107 @brain_stimulus It’s a side channel of the river so yes the fish can freely swim upstream.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@JoeConsorti You don’t have a clue who you’re picking a fight with. 🥴
Never mind, never too late to catch up and read some of his “LLM” and get a better understanding of Bitcoin.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@lindsay__stamp But maybe wait first till some real volatility happens on the btc network.
It will hit you in the face, hard.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@lindsay__stamp Now try to move that amount!
See what happens
See the true value of it.

[Eric🌷🍌 BSV=UTILITY @eolio76]

The fatal flaw in BTC exposed 👀

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

That is one of the more interesting second-order effects that almost nobody in the BTC community seems willing to discuss.

The narrative assumes that a falling BTC price somehow makes the system more accessible. But transaction costs are not denominated in dollars. They are denominated in block space. The user experiences them in dollars only after conversion.

Imagine BTC falls from $100,000 to $40,000. A person holding $50 worth of BTC does not suddenly become wealthier relative to transaction costs. If network congestion remains, or worsens because people are rushing to exit, the proportion of their holdings consumed by fees can actually increase.

The result is a growing class of economically stranded outputs.

At the height of a speculative boom, people accumulate tiny balances because they believe future appreciation will rescue them. During a decline, reality intrudes. They discover they own $10, $20, or $50 worth of BTC that costs a substantial fraction of that amount to move.

Then comes the institutional layer.

If ETFs, funds, leveraged holders, and other large players begin liquidating, transaction demand rises precisely when confidence falls. The people most desperate to move funds are competing for the same limited block space.

That creates a perverse dynamic:

Price ↓

Confidence ↓

Exit demand ↑

Competition for settlement ↑

Effective cost of settlement ↑

Small holders become trapped ↑

Economic utility ↓

Confidence ↓ again

The irony is extraordinary.

In most markets, a falling price makes participation easier. A falling house price makes houses more affordable. A falling commodity price makes the commodity cheaper to consume.

A falling BTC price can make ownership less useful because the asset's utility is constrained by a fixed settlement capacity.

The network does not become more capable when the price falls. It remains exactly as constrained as before.

So as the speculative premium disappears, people are increasingly forced to evaluate the system on utility rather than narrative.

That is where things become uncomfortable.

A system capable of processing millions of transactions per second becomes more valuable as adoption grows because capacity supports demand.

A system constrained to a handful of transactions per second becomes less valuable as adoption grows because demand overwhelms capacity.

The most fascinating possibility is that a prolonged decline creates not merely a wealth destruction event, but a usability destruction event. As price falls, more balances become uneconomic to move. More users become trapped. More activity migrates elsewhere.

At that point the question stops being, "What is BTC worth?"

It becomes, "How much of BTC can actually be used?"

Those are not the same question, and eventually markets notice the difference.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@johncalhooon Not speculating about price, but you are not wrong about these bullet points. Though things can change fast.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@adamobrien @bitcoinwell Wow 😮 the protocol hasn’t changed for a day.
The BTC protocol has changed more often than I have changed my underwear. 🤣

[Eric🌷🍌 BSV=UTILITY @eolio76]

This is hilarious 🤣🤣🤣

[TonyMcCarp @TonyMcCarp]

Proof of Work vs Proof of Watching♟️
@CsTominaga

https://t.co/cTj7EjXlsO

[Eric🌷🍌 BSV=UTILITY @eolio76]

Truly scarce digital goods, not the NFT clown markets you already know. 👀

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

There is no platform today that creates what I am releasing.

Not Ethereum.
Not BTC.
Not Solana.
Not any so-called NFT marketplace.

What people call an NFT today is usually a pointer, a receipt, or a decorative database entry. The underlying image, book, document, or file is copied endlessly. Ownership changes in name only. Possession does not.

That is not scarcity.

I am releasing a system for encrypted digital goods that are actually transferable.

An image.
A book.
A document.
A contract.
A financial instrument.

When Alice transfers the asset to Bob, Bob receives access and Alice loses it. The system is designed so the asset is not merely duplicated with a new label attached. It is transferred.

That is the difference.

This creates truly scarce digital goods: encrypted, transferable, auditable, and tied to Bitcoin.

Until now, digital assets have mostly been theatre. A stage prop pretending to be property.

This is different.

This is digital property with possession.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@ModernDeucalion Any of those prices not before we are heading towards 100k tps.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@_When_Lambo_ @BeTheChain Is it? How hard is that money with lightning? 😂 middlemen reinvented. The same old banking system. Man you clearly have no clue what so ever.

[Eric🌷🍌 BSV=UTILITY @eolio76]

One of the founders of HandCash has got a new idea… seems like you can’t go wrong here. 👀

[Alex Agut @apagut]

If you worked on BSV and you've got a small business or a startup today,

I want you to be one of the first to use something I've built 👀 - not payment related, though.

Closed beta starts this Friday.

Free for a month.

DM me.

If you've ever used HandCash help me with a RT🙏

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

@Thebitcoinway_ Yes... but BTC is not like bitcoin.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@BTC_JEDI21 Pedo coin, you re referring to isn’t going anywhere indeed. Bitcoin is a whole different story.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@BTCBreadMan Even in self custody if your Bitcoin address doesn’t start with the number one it’s a fake, a fugasi.
Now is the time to wake out of your dream.

[Eric🌷🍌 BSV=UTILITY @eolio76]

@BSVflipsBTC @RileySirus Liquidity this moment looks like dried up at Orange Gateway… or some hiccup.