Post
Topic
Board Speculation
Merits 7 from 3 users
Re: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!)
by
Torque
on 12/06/2019, 22:48:23 UTC
⭐ Merited by Lauda (4) ,El duderino_ (2) ,exstasie (1)
What sgbett either fails to understand, or is just completely lost on him, is that it does not matter if BSV or some other fork portends to be "closer to Satoshi's vision", or has a savior named CSW, or whatever blah blah blah.

Cryptocurrency, like any other asset, is valued based on mass shared belief. Meaning it is a belief-driven personality contest among the masses, with the spoils going to the victor. The users vote with their fiat, the merchants vote with their support of selling goods for it, the brokers vote with their support, the investors vote with their investment fiat, the miners vote with how much machine mining power they are willing to devote to it. BitcoinTM is the clear winner of this widespread support in the ecosystem.

In the court of public opinion, BSV and all the other Bitcoin forks have already been evaluated, judged, and summarily discarded. BSV is regarded as dubious at best, and a complete scam at worst. CSW has only made that image worse, because he is a complete fraud and a Narcissistic snake oil salesman. And it gets worse by the day, every single time he opens his mouth. Same with Bitcoin Cash and Roger Ver. Two sides of the same "coin", so to speak.

It's not like the masses are going to suddenly have some kind of magical "aha!" eureka moment and go, "Oh yeah, it was BSV all along that is the one true Bitcoin! My my, how we were fooled for so long!" Ain't going to happen, that moment took the mass public all of about 3 seconds to evaluate and come to the conclusion that BCash and BSV are both bullshit scams.

There is no reversing that conclusion. That ship has sailed.