1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL (200) ·
Opportunities for BSV Entrepreneurs:
- Compete with Ripple's settlement business.
- Build the best real DeFi platform.
- An NFT marketplace.
- Hash global state of the Lightning Network in real time and sell up-to-the moment data to small blockers.
Replies
1L1TcimoG4z6L8HLsEzhd6xLfPhnpzZM9U (2951) ·
Not sure #1 is possible, XRP is "confirmed" in 3 seconds, as in the exchange credits you within ~20-30s after you've sent.
What did you mean by the last one?
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
ripples pitch was crossborder remitances and settlements. I dont think he means exchange deposits. Even though it all turned out a scam.
but with high enough hashrate 1 confirm should be enough for that too like with BTC
17AiYrFF3noX4dnKjs5Wuu1G4afcfdMEPu (14409) ·
Yeah sending XRP to an exchange is instant... BSV takes all day.
1L1TcimoG4z6L8HLsEzhd6xLfPhnpzZM9U (2951) ·
Their "cross-border remittance" worked by, in the back-end, trading the remitter's USD to XRP-USD on an exchange, then moving it to Bitso, a Mexican exchange they owned part of, and exchanging it on the XRP-MXN pair to MXN which the remittee would receive.
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL (200) ·
That’s a short term issue. With the right opportunity, instant deposits can be cheaply insured, for example. When hash power is higher, instant deposits will be insured by honest signal of hash rate.
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL (200) ·
Yes, the remittance business is what I was talking about. Be Western Union SV, basically.
17AiYrFF3noX4dnKjs5Wuu1G4afcfdMEPu (14409) ·
Right on. Not my field.
14vUZWpUgLrsMzmM3cJDNt3KvHtXJsNxbd (3350) ·
People are too obessed with being lawful and most of them dont like tokens.
DeFi is exciting because of tokenomics and the money to be made there.
Change that culture and the capital/talent will come!
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL (200) ·
It's a permissionless network. I wish more people would just be capitalists and do whatever it takes to make money .
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
That's right. The defi space is full of innovation.
Uniswap is brilliant. All the tokenized coins WBTC WETH etc.
… if its legal or not honestly
In fact BSV can do it much better with the way lower fees