BC CRYPTO
Saved by @CodyyyGardner

What will it actually take for BSV to succeed?

One big thing, or many small things.

 No other 'cryptocurrency' is scaling in a way that will actually work. They're adding friction, barriers to entry, and narratives and narratives and narratives.

As a result, they *can't* compete when BSV achieves higher usage than they can support.
This is a two sided issue.

First, BSV must be able to scale. So far, it looks like the software can handle scale pretty nicely, and folks are working on further improving it.

Second, people must actually use BSV. Adoption. This also drives miners to scale, too.
So, what will it take for BSV to succeed?

One big thing, or many small things... Using BSV to work.

See, if we get one large volume business sustainably using BSV, or many small volume businesses doing so, BSV wins.
The dynamics of mining shift entirely in BSV's favor as soon as this happens.

The "costly revenue" will arise on BSV, so only miners who work will earn it, while the "cheap revenue" will remain on BTC/BCH.

BSV miners will earn both cheap and costly revenue.
This means that only the miners who are actually working will earn the most revenue. They will be the ones best positioned to win the mining game, because they'll be able to earn both cheap and costly revenue, while others get squeezed in the cheap revenue alone.
Quite literally, the cheap revenue side will be so focused on hashing (burning energy, burning their revenue,) that their profits will actually begin to diminish against the miners who are actually working for their revenue.
Because you can't cheat Proof of Work.

Hashing is only one form of Proof of Work in Bitcoin.

There's also compiling and validating transactions, hashing them into the Merkle tree, and communicating with the other miners.
Those who focus only on one of these forms of Proof of Work will be unable to compete in the other form.

Only BSV miners will maximize profits.

And with that in mind, which coin do you think they'll be more likely to sell, the cheap one, or the costly one?
If I were a miner who was willing to work for a maximization of profits, I'd keep the costly one, because I know that others won't be able to earn it in the first place.

That gives me incentives to maximize the value of the costly one, because I'll have higher market share.
So, again, how does this all happen?

With one big business using BSV, or many small ones.

But you know what...?
This is why I want both retail and enterprise use cases on BSV.

I want to encourage everyone to use BSV, not just one big business, or some small businesses.

Everyone.
Because I don't want BSV to win in five decades.

I want BSV to win within the next five years.

And that is absolutely within the realm of possibility.
The more businesses that succeed on BSV, the more business will be attracted to BSV.

The more ways users have to earn BSV, the more commerce can happen on BSV.

The more ways consumers can use BSV, the more valuable BSV becomes.
Bitcoin's success is extremely sensitive to initial conditions.

The more folks we have building now, the more folks will be attracted to BSV tomorrow. Then, the more will be attracted the day after that.

It's a compounding effect.
Your efforts today may feel small, they may seem flawed and insignificant.

But they will be the catalyst to change the world for the better, if you have the courage to push forward.

Take it from Sam:
We have a path to success.

It won't be easy, but it is simple.

Have courage. Build. Encourage adoption. Give people a reason to use BSV.

And keep pressing on.

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1) #Bitcoin $ETH #Defi THE ART OF Contrary Thinking by
HUMPHREY B. NEILL

It Pays To Be Contrary

"What is the Theory of Contrary opinion?"

Primarily, it is a method of ruminating over a broad range of public questions; political, economic, and social.

2) In sum, the purpose is to contest the popular view, because popular opinions are so frequently found to be untimely, misled (by propaganda), or plainly wrong.

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Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).

So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?

Time for a THREAD⬇️


1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT


2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.


3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:

✅@MIT

✅@intel

but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.


4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
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1/ Welcome to #DeFi Wednesday.

Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.

Enter the thread

👇👇👇


2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.

Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.


3/ Less chad and more things that actually matter:

My incomplete theory of interest-bearing cash is also available also as a blog post:

https://t.co/uiG0fZiVyu

It is 15 pages. Pick your slow poison or die fast by continue reading here.

4/ First time in the history we have an ability to create interest-bearing cash-like instruments.

Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.

Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp


5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
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