1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
Savings are money for a rainy day. When you have savings, you are first in line to take advantage of something new.
Since BSV is super fast, not a problem.
But would BTC holders be able to? Would there be BTC congestion on their chain? Any thoughts?
Replies
1eNniHXtQXvfqwP7NYMzsF15xBt1jZAqv ·
The problem is how to buy(sell) BSV or BTC fast. Please give a way.
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
Imagine everyone trying to get in front of everyone else to buy something that they know will become very scarce very soon.
With a tiny 1Mb block being mined every 10 minutes, it would be impossible.
Even PayPal/BTC services would be unavailable.
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
But who carea
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
That’s why many hold USD because it’s liquid. They can just spend it. With the BSV VISA Relayx card, the BSV saver could spend super fast. BSV to BSV even faster. BSV is currently doing over 50,000 txs per sec. BTC 0 txs per sec with congestion.
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
And the market gave zero …
1eNniHXtQXvfqwP7NYMzsF15xBt1jZAqv ·
Its too extreme. Not all people are rational enough to hold the BSV when the price has already been super high.
154DAvRMpdggnsHQCyeaxkdFHPjyLDJjGM ·
https://www.coinspot.com.au/join/REF6QQAVM
I use this. I live in Australia and my bank goes back and forth quickly. I can buy sell or swap bsv for other crypto very quickly. I'm not sure if it works outside Aus?
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
To me it does not make sense to save in the hot potato USD nor any other fiat currency with near 0% interest rate; the central bankers are printing them like there’s no tomorrow. By contrast, Bitcoin is the hardest money ( & new internet ) known to man.
15HecxZ2EGzeo4qdkNGythhBJxRd73uUAr (22191) ·
When … hits the fan BTC blockchain will freeze while everybody tries to exit the same time and hodlers will have to watch their digital fools gold go to zero and cry lazer beams from their eyes...
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
Unfortunately, that will happen. I can’t envision a scenario where it won’t happen. There are so many innocent people, that have not done their research, that will get wrecked. It will truly be a very sad day for everyone watching.
15HecxZ2EGzeo4qdkNGythhBJxRd73uUAr (22191) ·
Generational wealth burning to the ground...
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
When this happens, I sincerely hope that BSVers will not find delight in it nor taunt.
15HecxZ2EGzeo4qdkNGythhBJxRd73uUAr (22191) ·
Agree, it's like watching Titanic sink, but on blockchain. Very sad!
1eNniHXtQXvfqwP7NYMzsF15xBt1jZAqv ·
0% interest rate does encourage people not to hold the cash. But you can also hold some strong assets, like houses. And because dollar is an international currency, printing so much money can be reasonable.
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
Don't worry. Coinbase is making an interest rate on your liquid fiat.
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
But investing in real estate is dangerous when the mortgage backed securities &
collateralized debt obligation instruments have too many risky loans; combined with unprecedented debt. If you are not familiar with those instruments, watch “The Big Short”.
123vb6dSr4XjFt15rPBM7MykA416Fyzd6M ·
im a degenerate, I need smaller words. collateralized what now?
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
CDO = collateralized debt obligation
Watch the movie “The Big Short”.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
No
Since you can't do atomic swaps with BTC directly you have to use some second layer exchange for that and there is no problem with that.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
This is one of the biggest lies told by the BSV thought leader elite that caused devastating losses for BSV holders and makes us look like plebs.
Give it a rest
15HecxZ2EGzeo4qdkNGythhBJxRd73uUAr (22191) ·
Who are these thought elite leaders? This is just my own opinion and I definitely think it will happen in near future. Maybe not this year but before 2025
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
you been around last years halving?
BSVers were foaming at the mouth over the BTC death spiral and miners capitulation
Thats when BTC was lile 9K
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
https://coingeek.com/valarhash-baite-pools-give-up-on-btc-network/
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
https://twitter.com/CalvinAyre/status/1242926881273454592?s=20
15HecxZ2EGzeo4qdkNGythhBJxRd73uUAr (22191) ·
Bought my first BTC for less than 1k, I've been around long enough to not take any financial advice from Calvin or Craig or any internet talking heads. I take full responsibility for my investments myself and hope others would too ✌️
1GXRQ6h3vWzw9FawVp6bXSbcSvpDeWyuS9 (3643) ·
Good shout!
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
Good. I bought my first batch at 250 and I still fell for this miner capitulation … lmao
We are at this wierd point in time where you have to take everything Satoshi and his closest allies say as …
1CQzXHKrDmCC58xdV4ny5gN3FdT4evYSHc (8952) ·
Advice to your lifeless Twetch existence: you should not put your butt plug in your mouth until after you wash it.
14K8phjaBfh5tHQduX9tGB43LrrvfT5Leu (22983) ·
Do you think BTC will ever death spiral? For me, at some point, people are going to realize it just doesn’t work very well and paying ~$60,000 will not make any sense. Of course this comes from a person buying eggs and tendies.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
lmao what?
gtfo out of my replies …
1KKwemSCUDZSyQ1Bs7bqfCocE5fogkpKw1 (725) ·
they keep presenting confidence in their moves and keep getting their … handed to them
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
BTC can only "death spiral" if literaly all major countries declare it outright illegal at the same time
1CQzXHKrDmCC58xdV4ny5gN3FdT4evYSHc (8952) ·
The weird part is you can still type with that thing in your mouth 😜
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
/trolltoll @5758 $1000
14K8phjaBfh5tHQduX9tGB43LrrvfT5Leu (22983) ·
Interesting. I think there are some other catalyst, all of which are not very likely, however I do see some sort of “realization” that greatly affect the amount of hash it currently pulls. Maybe not leading to a grinding halt, but nonetheless reinforced.
1EzXMDpxp3cYvHGUBZ9sF7BHStRVxayKaw (6218) ·
They can't do nothin against china. Welcome to capitalism sound money.
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
Yes. CSW had the forsight
13bJsMyjiNF21qYTLK5tZizwEovpT6DNeu (3375) ·
That's why it can't work as money.
1HRPGcpWgZyykQgSKeeg11M2nzj4CCQw6U (22408) ·
https://twetch.app/t/1e6542ff2adfb935301d8f5b895fdddf7f20e5f3419b84e0d6b313220998611d
1HRPGcpWgZyykQgSKeeg11M2nzj4CCQw6U (22408) ·
BTC train does not need multiple doors.
Passengers are sitting down for ever.
Because people in BTC are rich and they have enough BSV.
BTC is digital gold. you buy and sell gold each 10 year.
BSV is digital cash. you buy and sell cash daily.
1HRPGcpWgZyykQgSKeeg11M2nzj4CCQw6U (22408) ·
That's why BSV can't work as a digital Gold.
1HXzXT3kyGmJGUULESTZFn8XqUemmetWaQ ·
/trolltoll @11377 $9
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh (678) ·
https://twitter.com/CalvinAyre/status/1242926881273454592?s=20
1CQzXHKrDmCC58xdV4ny5gN3FdT4evYSHc (8952) ·
If the btc mafia wasn't being propped up by the whole banking mafia, Calvin would have been right. He just underestimated the forces of corruption.
1KKwemSCUDZSyQ1Bs7bqfCocE5fogkpKw1 (725) ·
what year does reply guy ayre ragequit? 2022? 2024?
whats craigs narrative when his funder cuts