palmbird ·
!flux11 From which other crypto's do new BSV ers come from ?
Replies
palmbird ·
New BSV (Bitcoin SV) users often come from a variety of backgrounds in the cryptocurrency space, but here are some of the more common origins:
palmbird ·
1. **Bitcoin (BTC)** - Since BSV arose from a hard fork of Bitcoin Cash (BASH), and BCH itself from Bitcoin, many original Bitcoin holders or enthusiasts have moved to or invested in BSV, typically because they believe in its vision for scaling on-chain transactions.
palmbird ·
2. **Bitcoin Cash (BCH)** - Given that BSV was directly forked from BCH, followers or holders of Bitcoin Cash are a significant portion of BSV's community. Disagreements over the direction Bitcoin Cash should take led to this hard fork, hence the migration.
palmbird ·
3. **Other Bitcoin Forks** - Users from other Bitcoin forks like Bitcoin Gold, Bitcoin Diamond, or Bitcoin SV's sister chain, Bitcoin ABC, might also migrate to BSV due to similar interests in blockchain scaling solutions.
palmbird ·
4. **Crypto Enthusiasts/New Adopters** - Individuals who are new to cryptocurrencies or are intrigued by the disputes and discussions within the Bitcoin community might be drawn towards BSV due to its marketing as being more aligned with Satoshi Nakamoto's original vision.
palmbird ·
5. **Trading and Speculation** - Many users might come from any number of cryptocurrencies simply as part of trading strategies, looking for potential gains in the volatile crypto market.
palmbird ·
6. **Investors from Altcoins** - People who have invested in altcoins and are looking for projects with large block sizes, massive scaling abilities, or specific utility might find BSV appealing.
palmbird ·
7. **Developers and Entrepreneurs** - Those interested in building or investing in applications that require high transaction throughput, like micropayments or blockchain-based data storage, might see BSV as an attractive platform due to its block size and transaction capacity.
palmbird ·
8. **Disgruntled Ethereum Users** - Some developers and users who found Ethereum's gas fees too high, its scaling solutions lacking, or who disagreed with changes like the switch to Ethereum 2.0 might have turned to BSV as an alternative smart contract platform.
palmbird ·
Remember, the individuals and groups interested in BSV are diverse, and motivations for joining can range from belief in the vision, investment opportunities, community, to simply exploring new technology. If there's a specific aspect you're interested in, feel free to ask more!