@931 of course i watched the latest numpties 👌. Then i read…

I'm still trying to wrap my mind around it as well.

@462 has a good interview with Stas himself that might help.

https://streamanity.com/video/vmUACLH6uZFb?ref=91270c95-40ab-4730-8a2b-315aac5011a0

Yes i watched this. they didnt answer this.

but hell im 100% down for this kind of scheme!

The way I understand. STAS token uses the Bitcoin network and creates completely new Layer 0 units that are independent from the existing Satoshi units. Miners will be a counter party.

right

but how do we scam the exchange rate to 1 sat = 1 cent ?? 👀

I could be completely wrong but I think the only way is if there is actually something backing it like a bank issues their dollars to transact on Bitcoin. I think it just tokens but on L0. It's above my understanding lol

we need to figure this out. Seems unreal but fuck knows. 1000x gains

it's not as if all BSV sats inherit the value of the token.
say you sell a token for 1c. for that you need 1 sat, which costs a tiny fraction of a cent, and to provide a whole lot of value added.
untokenized sats are still worth a tiny fraction of 1c.

im totaly lost. it sounds like an outright scam lol

I love the idea tho.

How do we start?

but if BSV is massively used to underly marketable tokens, that increases use and presumably the value of naked sats.

i guess the idea is to create enough of this bsv tokens that are worth 1 cent each to change the value of ALL sats in the system to that value? like a critical mass?

if thats the case then big whales better start tokenizing

soon

im getting Wormhole.Cash vibes from this

you can see more details here:

https://medium.com/@Stas33496115/bitcoin-script-engineering-part-iii-8307d495bc52

Take an app like parler, they were stuck bc they centralized on AWS & even if they had iCloud and Google Cloud as backups, they'd still have been shut down. Same applies in bitcoin, 3rd party can delete your data. #BSV network won't delete ur data-- NODES.

There's no scamming sats; it works exactly like real estate. Once there was 40 acre farms on Manhattan, the farmer section-sold out parcels to butcher baker candlestick maker for > whole. Use sats liberally, then economically as number go up.

It works like HODL, but U don't HODL empty tokens, you HODL information. Will show you how this works in 2021 with definition-tokens on @13328 which U will be able to invest & trade like Boardwalk & Park Place in Parker Bros Monopoly.

BitCoin #BSV will get majority of it's value-per-coin similar to gold:

https://sym.re/fNKBac

Big difference is gold can be mined; whereas, as halvenings occur #BSV cannot be mined, it must be acquired from others. Price go up.

Prunings: price go down

The real estate analogy is fully flushed here:

https://sym.re/oavobE

At end of article, there's some info on pruning as well as valuing BitCoin in a backward fashion (fees to value) which is just one way to analyze it

Island land=>better comp than gold

im still lost.

so say a bank accepts my deposit of of bsv and mints these tokens.

1 bsv = 190 , 1 BSV worth of these tokens is $1000000

how does that work

Please excuse me, I’m afraid I don’t understand the question. Perhaps a bit more detail about what U mean.
Up for a BAEmail exchange?
johnpitts@moneybutton.com

The linked articles say it more orderly than I’d manage on Twetch exchange.