Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Calling top at $16500 (New speculation: Guess the price 19 Feb 2021!)
by
Torque
on 15/02/2021, 16:31:01 UTC
⭐ Merited by JayJuanGee (1)
<snip>...bitcoin to continue to produce its various kinds of foundational "utility"...</snip>

By jove JJG I think you've grokked it!

If you can set aside your Craig Derangement Syndrome for a second and take an objective look at what BSV is doing you would see that this "foundational utility" is at it's core (pun intended).

BSV has merely reverted to the original design of bitcoin. Restoring SCRIPT, removing the unnecessary (can be done in SCRIPT) P2SH, removing various limits that allow it to scale. As it *always* could.

So this foundational utility is in Bitcoin *right now*. It always has been. Remember SCRIPT was there at the beginning, core disabled it. (which is why Vitalek made Ethereum... you do remember all this stuff right?)

I too have consistently talked about how utility value eventually outweighs speculative value. In that post (7 years old now, btw and I'm *still* saying the same thing. *Exactly* the same thing) I talk of "the adoption curve" this is driven by utility. I've already banged that same drum in this very thread!

So it's refreshing to hear others starting to see this.

I think your talk of me "giving up on his stupid-ass ideas" is wishful thinking, or perhaps even projection. I do wonder that some of the things I am saying might eventually seep through the thick skulls around here ;p


Sorry to piss on your "utility" parade sgbett, but:

As long exchanges charge 1-2% just to purchase BSV, another 1-2% to sell it, and (in the U.S. anyway) the IRS wants to tax it for either short term (income) or long term gains (15-20%), coupled with the fact that no merchants want to accept it for any goods or services, I'm afraid that your dream of BSV "utility" as a worldwide daily currency is completely DOA.

Add in the fact that the fraud CSW is at the helm of it all, and basically BSV is already a zombie coin that will never go anywhere. Like, ever.

But keep dreaming...delusion can run soooo deep.