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bitcoinrealist
8 months ago
Doge insanity! And an incredible opportunity. Can we tokenize/wrap Dogecoin today?
bitcoinrealist
1 year ago
If you live in the US, what is your favorite onramp for buying BSV?
bitcoinrealist
1 year ago
BSV should particularly accept ERC-20 tokens. Instead of being a BSV purist, why not take every opportunity to interact with the cryto "community" and demonstrate BSV tech superiority?
bitcoinrealist
1 year ago
If you play well with the shitcoins, Gresham's Law will apply. If not, BSV is NPC unless our prince (enterprise) shows up.
bitcoinrealist
1 year ago
You want to know why LTC is still around? It actually has pretty good exchange support AND it works. It is used as a way to get around BTC fees. This seems relevant now that BCH seems to be self-destructing.
bitcoinrealist
1 year ago
What I like about Tokens is that it obscures the underlying tech. Crypto world hates BSV. But they might use a token built on BSV that you can sell to them to using their shitcoin. And then you can exchange their shitcoin for BSV. In the end, you get what you want (more BSV).
bitcoinrealist
1 year ago
If you're developing BSV apps, of course you should support other crypto crap. Get them using your tech under the hood. Then when that tech fails they'll migrate over to BSV because fundamentally it's the only thing that is not crap.
bitcoinrealist
1 year ago
I don't see why Bitcoin can't scale. Of course you have to do away with the idea of a full node. And you have to imagine nodes working together to maintain a shared instance of the blockchain. This is just me using a tiny bit of imagination coming from a technical background not related to Bitcoin.
bitcoinrealist
1 year ago
There's really no such thing as giving up on BSV unless you're giving up on Bitcoin itself. I would, however, like to see Bitcoin become more professional and meet public expectations for documentation and training opportunities.
bitcoinrealist
1 year ago
Bitcoin is not new anymore. Bitcoin is on probation. Developers from other arenas are not coming until the people who still care prove the technology more. All they see now is people building on tech that clearly does not scale, which makes them good candidates for being scammers.
bitcoinrealist
1 year ago
Will I walk away from BSV? Not if it keep scaling. Not if it keeps getting better and more approachable to outsiders. If it stays an opaque black box of weirdos working on pet projects and raw writing to Bitcoin, maybe.
bitcoinrealist
1 year ago
I still have a hopeful attitude for Bitcoin. But it's unfortunate that I have also deeply learned that humans can screw up anything. So it's always an uncomfortable tight rope I walk.
bitcoinrealist
1 year ago
The only project on BSV I really care about is the Teranode Project. It's like the ETH projects. It doesn't matter what neat stuff they build because it doesn't scale. I'm sorry that BTC made me too cynical to even take BSV seriously until it scales.
bitcoinrealist
1 year ago
Imagine CompTIA Bitcoin+. It would be cool to see that someday.
bitcoinrealist
1 year ago
I remember when Linux was such a pain in the ass that you had to scour forums to solve problems to even install it. That isn't the specific problem that BSV has. But gaining anything but trivial knowledge of Bitcoin is similarly difficult. Who has the time for that kind of teeth pulling learning?
bitcoinrealist
1 year ago
Basically I think maybe documentation and creating certification programs simultaneously would be brilliant synergy. I'm interested. I've been an investor so far. I've kept my distance to keep an objective perspective. Are BSV leaders professionals? Then BSV should offer some of the things developers from other arenas expect.
bitcoinrealist
1 year ago
I would be interested in a Bitcoin Smart Contract Developer Certification. Courses of that nature would be very interesting. I would get that certification.
bitcoinrealist
1 year ago
For the record, I think BSV is the genuine white-paper Bitcoin. But I'm just telling things how I see them. Bitcoin development after Satoshi left has been such a shit show that I don't think devs from other arenas even want anything to do with it. They might if there was good documentation but that is obviously not a priority.
bitcoinrealist
1 year ago
Programming Bitcoin by Jimmy Song is a prime example of the kind of documentation BSV needs. It's no big deal that you don't have this level of documentation if you're fine with the rest of the world thinking you're an irrelevant cult alt coin.
bitcoinrealist
1 year ago
I don't mean to be offensive. But from the outside BSV looks like, well, basically a cult akin to something like Amway where they have regular conventions to pump the hype. Yes, you've increased the throughput of Bitcoin. But I don't think anyone really had any doubt it could be done. The cost is consolidating the mining pools, which BTCers want to minimize. If you actually want the world to think BSV is not a cult, then it has to be more open to the world. Shouldn't have to go to devcons or jo
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bitcoinrealist
1 year ago
BSV needs less people building on it and more people documenting it. Lack of good documentation means the tech is changing too much for people to be building on it as they're going to need to rework anyways. Are you guys from the same IT world?
bitcoinrealist
1 year ago
I'm not a big fan of open source software..but they have figured out that you need good documentation to attract new blood. BSV project leaders would do well to learn that.
bitcoinrealist
1 year ago
@cosmosstag Sell some BoostPOW tokens. Call them "Upvote" tokens. Get BSV wallets to support it. I'll buy some and give them out instead of likes. I've always wanted to like BoostPOW. Maybe this will help.
bitcoinrealist
1 year ago
Tokens are a fundamental data type of Metanet. WTF is so hard about understanding that? It's not about a shitcoin market.
bitcoinrealist
1 year ago
Imagine if every USD was provably 5 minutes to produce. Do you think we would have a huge problem with Fractional Reserve or Federal Reserve printing them at will?
bitcoinrealist
1 year ago
The value of BoostPOW is that it does take time and work to accomplish. This is particularly valuable with tokens that can possibly be printed at will and suffer from Fractional Reserve abuse.
bitcoinrealist
1 year ago
I don't know why the terms costly and expensive are considered synonyms. It can be demonstrated that costly does not imply expensive. And expensive does not imply costly. There is no equivalence.
bitcoinrealist
1 year ago
We need to work together to build powerful things. Priority number one should be a big undeniable win for BSV!
bitcoinrealist
1 year ago
People have to be grown ups. I'm done warning people about BoostPOW. Mediocre signaling. Expensive redirection of capital. It's an excellent recipe for bankruptcy. I suppose it's a good thing that failure is a necessary component for genuine success.
bitcoinrealist
1 year ago
The BTC money system has evolved from peer to peer cash to a system composed of an oligarchy of exchanges with custodial wallets where people buy and sell BTC into fiat to pay their bills or meet their needs. Sadly this Orwellian system is potentially stable. Thoughts?
bitcoinrealist
1 year ago
Did you know the United States government forced its citizens to sell most of their gold at rock bottom prices? It was called executive order 6102.
bitcoinrealist
1 year ago
You guys probably know I like Peter Schiff..but Gold is not going to do better than Bitcoin long term. I can't imagine any modern reality where people lug around and exchange physical metals. Precious metals will, however, beat inflation handily.
bitcoinrealist
1 year ago
The purpose of the think tank would be to give honest feedback to the community, while providing assurance we wouldn't steal their ideas.
bitcoinrealist
1 year ago
I'm interested in forming a Bitcoin think tank.
bitcoinrealist
1 year ago
I am happy to Beta test for the BSV community for (dirt) cheap because I want BSV to succeed. But I guarantee I will tell you things that you don't want to hear. You need that whether you know it or not.
bitcoinrealist
1 year ago
I look for the simplest way to explain my disdain for BoostPOW, and here it is: You are not growing antlers, you are buying them. Handicap Principle does not apply here.
bitcoinrealist
1 year ago
Actually, I'm going to have to take it back. I don't think BoostPoW uses the Handicap principle whatsoever. If any old person can just spend a lot of money to pay someone else to grow antlers, that's not Handicap principle. Spending a lot of money is not inherently a valid costly signal.
bitcoinrealist
1 year ago
App developers can conspire to use BoostPOW. But that doesn't mean it's in their best interests. Competitors will buck the trend and have an economic advantage as boost loot can be spent for development, paying content creators or professional curators. Funding business components is a zero sum game.
bitcoinrealist
1 year ago
BoostPOW just needs to figure out how to generalize their mining model to handle different, valuable puzzles, that organizations want solved or data crunched so much they'll pay for it. I can easily imagine people or organizations putting up bounties for their army of Puzzle solving "miners".
bitcoinrealist
1 year ago
I think BoostPOW business model is intriguing and good. I wonder if it could be redesigned to solve things like prime numbers or process other important data. The system abstracts to money in, solution out. Essentially a person or organization pays to get results for successful data crunching. Might need smart contracts since a solution is not inevitable.
bitcoinrealist
1 year ago
Are BoostPOW "miners" really miners or simply puzzle solvers? Last time I checked real miners create blocks that end up as part of the Bitcoin ledger. We can't call this a "not a real scotsman" argument readily when clearly strong definitions are valuable.
bitcoinrealist
1 year ago
BoostPOW arguments of sybil resistance are misdirection. BoostPOW is essentially just like any application on Bitcoin. BoostPOW doesn't provide the sybil resistance, Bitcoin does.
bitcoinrealist
1 year ago
The arguments for BoostPOW are all straw man arguments. No one debates that the handicap principle is involved in the BoostPOW mechanism. The arguments against BoostPOW are higher level than that. Successful Boosts are a lot of hard work that the end user can easily abstract away and not care about. All they see is money in, upvote out. Who cares if miners engage in mutual genital stimulation while arranged in a virtual circle?
bitcoinrealist
1 year ago
Yes I went there. BoostPOW is a Rube Goldberg solution to costly signaling, upvote systems, or anything else. You can do the same things by creating data structures, writing them to Bitcoin, and utilizing them. Any benefit of BoostPOW is not derived from a new way of doing things. It is derived from simply using Bitcoin public ledger and getting all the benefits that provides.
bitcoinrealist
1 year ago
With BoostPOW, if you want to go with the argument that it works with a lot of little boosts. So does simply counting upvote records stored on the block chain. My fundamental thesis is that anything you do with BoostPOW can be done with just regular records written to the block chain. Generalized, all those potential boost systems are essentially tokenizing upvotes on the block chain (including BoostPOW). The upvotes are the output to those systems, not BoostPOW. The future of good upvote syste
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bitcoinrealist
1 year ago
I'm just not sure why people are so taken with BoostPoW. You're more likely to signal successfully to your audience if your version of boost pays a large amount to the recipient's favorite charity.
bitcoinrealist
1 year ago
If you look at a Boost on Baemail, why not simply attach a huge fee to transaction associated with the email, then it's boosted!? You might protest that BoostPOW has a magnitude of PoW proportional to the Boost. But who cares? The end user can't tell. Why? Because BoostPOW is not an actual output to the system. That's the lie. And that's why I say BoostPoW proponents are either scammers or bad at information system analysis.
bitcoinrealist
1 year ago
People who live in fear cannot be free.
bitcoinrealist
1 year ago
Tokenization Goodness Coming to BSV: https://medium.com/bayesian-labs/we-believe-in-open-finance-da34a782fcd3
bitcoinrealist
1 year ago
Is there anything the non-Bitcoin blockchain businesses have done that is innovative that would take off if not for the fact that they built it on a foundation of non-scalable crap?
bitcoinrealist
1 year ago
Scary fact. But if exchanges stopped wash trading the price of Bitcoin would probably drop 80%.
bitcoinrealist
1 year ago
I hate to be cynical. But it has never been clearer that the world has never seen pure socialism or genuinely free market capitalism. It has always been an oligarchy of parasitic pirates controlling the narrative for the sleepy masses that can't be bothered to think critically.
bitcoinrealist
1 year ago
I would be happy with advisor to president Schwarzenegger. One thing is evident.. ruling from a state of lethal parasitic ignorance is not sustainable.
bitcoinrealist
1 year ago
If you want to know the #1 thing, the government could do to heal the United States economy, it would be to end taxation of all businesses. Watch the world's businesses flock to the US and employment opportunities exceed labor supply.
bitcoinrealist
1 year ago
Terrorists are obsolete. Governments are doing a fine job of destroying themselves.
bitcoinrealist
1 year ago
Scale or die. The fiat currencies are being debased and destroyed right now before our very eyes. BSV has to be ready for that to happen soon. All that capital will be looking for a new home so as not to ride the fleet of Titanics dow.
bitcoinrealist
1 year ago
Sorry, but you can't just gratuitously print money and expect it not become worthless. When you do that, the reasonable expectation is for the economy to go bankrupt and the government to collapse from having no valuable money to pay itself.
bitcoinrealist
1 year ago
As of right now, I think the US federal government is within five years of collapsing the entire economy and bankrupting itself. So I can wait to run for president then.
bitcoinrealist
1 year ago
The United States has been gutted by shortsighted bureaucrats that have taxed businesses to death. They have essentially forced industries to either shut down or shift externally. If I was president, I would end all taxation of businesses. But I would also work towards removing the concept of "artificial person" status of corporations. That way sociopaths will be forced to emulate morality or be held responsible for damages.
bitcoinrealist
1 year ago
I've considered running for president. But I'm concerned that I would have to spend most of the time explaining to ignorant politicians why they shouldn't murder me.
bitcoinrealist
1 year ago
Get in the habit of thinking in terms of systems. Consider their inputs and outputs. Abstract the internals. Compare and contrast systems. And most importantly, humans must be considered in any system. The world becomes much more understandable if you do.
bitcoinrealist
1 year ago
Mutually Assured Destruction scenarios aside, the second best military in the world can always successfully defend itself against the best. Governments should be striving to have the second best military. But that's paranoia. Vietnam and Afghanistan should have proved conclusively that any armed populace can defeat any invading military given enough time.
bitcoinrealist
1 year ago
All spin aside, if Covid-19 was really a pandemic..every damn one of you would know someone who died from it.
bitcoinrealist
1 year ago
"There's no way a country can have big government and be competitive in the world. This is because systems permeate our world. The family is a system. Businesses are a system. And big government is a parasite that makes all systems less efficient."
bitcoinrealist
1 year ago
Am I right?
bitcoinrealist
1 year ago
I would appreciate if all spammers would just go ahead and use BoostPoW. Can we get all the spammers to do that? That would be lovely.
bitcoinrealist
1 year ago
The only people who should have to swipe are those who do not have a balance in their attached money button account. This is especially true now that the block feature has been implemented.
bitcoinrealist
1 year ago
I see where Unwriter is going with powping. It will be the comments section of every bit of content on the Metanet or internet at some point.
bitcoinrealist
1 year ago
Socialism doesn't work because it handicaps the productive people such that they produce less, and therefore have less to give the herd. This is a spiraling process of failure until everyone is starving.
bitcoinrealist
1 year ago
I can see already that powping is going to be great for me to vent and rant. I'll try to do it in the comment section of my thesis comment so I don't drive people insane.
bitcoinrealist
1 year ago
If government has no mechanism to shrink functionally, then it will grow uncontrollably and inevitably collapse under its own weight as a grotesque parasitic entity.
bitcoinrealist
1 year ago
Elite Dangerous is a great game! I thought being a gamer was a thing of the distant past for me.
bitcoinrealist
1 year ago
Let's say I like Satan's posts regarding Bitcoin, but I hate his crappy thoughts on religion. User Joe reads all Satan's posts and likes/upvotes his Bitcoin posts. I follow Joe. I want to see the posts that Joe likes/upvotes, That way I can partially follow Satan. *evil laugh*
bitcoinrealist
1 year ago
I like good curators because they save me time. I'm going on the record to say that it's probably a bad idea not to have some sort of curation system. (Notice what I did there?)
bitcoinrealist
1 year ago
I'm old enough to know TANSTAAFL. So @unwriter you can put options in the profile that allows people to pay for some things.
bitcoinrealist
1 year ago
When I was a kid my best friend was a 6809e microprocessor.
bitcoinrealist
1 year ago
I don't know how it happened, but I think I have become much more of a normie than I used to be.
bitcoinrealist
1 year ago
I don't want to think about BSV or think about how much of tip I should send. So I'm just tipping a small amount to tell you that I like and appreciate your content.
bitcoinrealist
1 year ago
If you get a penny from me, you know I had to swipe for it, so you should I know I really like your content if I do that. Making people swipe is actually a way that people can make a costlier signal than just spending the cash. That Unwriter fellow is clever. I have found many devs don't understand social signaling at all. *cough* you know who I'm talking about.
bitcoinrealist
1 year ago
This could be an attractive platform to normies if they could make social islands like they do on Twitter. For some reason a lot of them don't want to talk about Bitcoin. It's weird.
bitcoinrealist
1 year ago
Block feature so soon? I'm in love.
bitcoinrealist
1 year ago
If someone spends a lot to send you spam, you're an asshole if you don't read it.;)
bitcoinrealist
1 year ago
In general, people don't spend money without getting a return on their investment. When strangers spend money to put something in front of you, it's a rational inference that they're trying to sell something. Even if it's high quality spam, it's still spam.
bitcoinrealist
1 year ago
Honestly I don't really believe in altruism. Altruists are really getting paid in social currency. Most people don't value social currency much unless they already have a lot of it or see an opportunity to earn a lot of it fast.
bitcoinrealist
1 year ago
I'm not going to use BoostPoW because I don't really care for content that is pretty much exclusively upvoted by advertisers. There's no incentive whatsoever for altruistic upvoting so clearly that won't happen on a large scale.
bitcoinrealist
1 year ago
BoostPoW has the same economics as spam. Prove me wrong.
bitcoinrealist
1 year ago
I would rather BSV eat ETH's lunch sooner rather than later.
bitcoinrealist
1 year ago
Someone working on a variation of ERC-20 for BSV? If so, do they have an ETA for completion?
bitcoinrealist
1 year ago
So what's so important about stable coins? 1. Users can use your apps without thinking of BSV 2. Tips and payments don't change due to volatility 3. Provide an easy onramp and offramp to fiat.
bitcoinrealist
1 year ago
Naive tokenization is better than no tokenization, especially when BSV has no stable coin bound to it.
bitcoinrealist
1 year ago
I think the theoretical part of Tokenization on BSV is very easy. A specific set of BSV can be moved to specific addresses to represent tokens. The hard part is putting in place the infrastructure for asset custody, token issuance, and redemption.
bitcoinrealist
1 year ago
So say I want to tokenize Playstation 5's, and i want to sell 5000 at the best price I can get. I could buy 50 BSV, for use as tokens. Send those to 5000 addresses. When transferring tokens, the entire amount in those addresses would be moved. Fees would siphen from that amount, but you still have traceable tokens redeemable for consoles.
bitcoinrealist
1 year ago
We think of Bitcoin as "fungible" but you could theoretically develop a history on transactions and trace things back to the miner. It would be possible to blacklist certain Bitcoin for future transactions, but hopefully always difficult.
bitcoinrealist
1 year ago
I'm such a dummy. It occurs to me that tokenizing on BSV is as easy as allocating specific BSV to serve as tokens that are redeemable. We just need to register that specific BSV and teach BSV wallets to respect the allocation.
bitcoinrealist
1 year ago
I'm pushing for a more classic definition for tokens. Like Chuck E. Cheese tokens but digital. And trade-able on exchanges, storable in a wallet like Coinomi.
bitcoinrealist
1 year ago
In addition, by teaching speculators that tokens are meant to be redeemed, we kill the junk token market over night.
bitcoinrealist
1 year ago
If we create tokens that people can trade on exchanges and ultimately redeem for physical products and services, companies will be able to achieve price discovery much more efficiently. This is a killer app for BSV having something that Enterprise can use TODAY! Global adoption will happen over night.
bitcoinrealist
1 year ago
Bitcoin is a token for its ledger.
bitcoinrealist
1 year ago
When you trade real tokens, not scam coins pretending to be valuable, it is literally price discovery for the the item or service that the token can be redeemed for.
bitcoinrealist
1 year ago
Now that I know how things on powping work better, I'm going to have to backtrack and say that I will be tipping now..but I will still be focusing on tipping non-BSVers for now..or those who tip non-BSVers.