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BitCoin is a computational commodity

john

3 weeks ago

Hash-puzzles will subside in importance; data & computations efficiency will drive Node success/failure.

BitCoin is a computational commodity

john

3 weeks ago

Hash-puzzles will subside in importance; data & computations efficiency will drive Node success/failure.

BitCoin is a computational commodity

john

4 weeks ago

Hash-puzzles will subside in importance; data & computations efficiency will drive Node success/failure.

What is BitCoin? Zen Yotta Mond Data

0.79 USD

john

1 month ago

by John Pitts July 16, 2020 (38 min read)

Introducing: Diamonds in the Roughage, how $50,000 investments can change the rest of your life

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john

1 month ago

by John Pitts

While draining the last pennies from my old Steemit accounts, I noticed a predictive article I wanted to save, so I'm copying/pasting it below for y'all's amraiusement.

4.87 USD

john

2 months ago

Blowing off Steem

What I love about having CSW available to quickly answer questions on Metanet.icu, is you could spend weeks asking other highly-informed people to answer a tough BitCoin question like "would sub-satoshi BitCoins ever be allowed? There seems to be a quote alluding to this possibility". In typical CSW fashion, he can answer it in record time with as little words as possible and it makes perfect sense as only the inventor could answer so effortlessly.

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john

2 months ago

Itz been cute listening to @BillSimmons wade into the “get BI out of@PelicansNBA world” after Ive been screaming this for 2 yrs now. BI is a ball hog, hates giving up the rock to teammates, & his offense doesn’t count bc he still loafs on defense as last priority.‬ ‪Ball‬ ‪Bled‬ ‪Hart‬ ‪Zion‬ ‪Adams‬ Or Wily Really tired of watching BI drag pelicans into suck-dom BI needs to ride bench for Riley in Miami some day after he hits a low point hopefully before his entire career is Melo-lite. S

john

3 months ago

BitCoin's Price-- Fundamentals

john

3 months ago

Inspired by: Ark Investment Management...

CSW played by King Kong #btc played by Godzilla ONE WILL FALL #2021 Wouldn't expect any other numbers, wouldja? 🎥

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john

4 months ago

🎥

The Great "Digital Gold" Rat Trap!

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john

4 months ago

One of the greatest hacks of all time

We live in interesting times, and news like this should make ALL political factions think that single-source databases like AWS will remain a danger to your business or application. My apps will take a harder look at which databases we use, and actively look to partner with BSV-databases in the future, and I'm quite appreciative that BitCoin is coming at the right time to deliver it's robust multi-Node solutions. Call that decentralization if you like, I"ll just call it safe business practice.

1.31 USD

john

5 months ago

Why spending time shorting stocks is such a massive drain on your performance; try to find the peak of the Nasdaq on this chart, prior to the Real Estate & Banking collapse! Any time spent shorting, is time taken away from finding that next killer investment. "There's always a bull market somewhere" The Parable of the Talents. #BSV startups need cash; there will NEVER be a time they are cheaper; find a way.

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john

6 months ago

About 85 days in a row of BSV blocks > btc blocks. And this chart doesn't do it justice, as btc is the denominator in pretty much all cryptocurrency trading platforms; whereas, BSV has none of that action (but someday fiats-on-token solutions).

0.15 USD

john

6 months ago

Nations in BitCoin getting coffee...? https://equitydiamonds.medium.com/commodity-barter-is-legal-so-is-bitcoin-f9cc00f81a93?sk=b644109210508c820aabc588eefefd40

john

6 months ago

#ModernConsensus question: Bitcoin has to have value to function. What is Bitcoin ideal value? "Use. People actually storing data on chain. Transacting. Saving files. All of that."--- CSW

john

6 months ago

Stating for the record: I am no longer "scared of zero-sat-ouputs" (ZSOs) [or if you prefer: zero-sat-tokenization, ZST]. They've been unsettling me for a couple months due to ignorance of how the system will work when BitCoin goes "Back to the Future" of it's 0.1.1 implementation (plus hopefully some cool scaling added by the @nChain folks) Scared: https://powping.com/posts/fcb39507f3da5a1c7c1cf9f0984555f8c99b7f02e7507fbfc38c6cad6eed392f To be short about it, I've put my fingers in the woun

john

6 months ago

Golden statistical Showers May grow Flours?

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4.86 USD

john

6 months ago

Throwing some easily-begotten stats around and seeing what sticks.

Meet the New Money; Same as the Old Money; We Won't Get Fooled Again

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john

7 months ago

BitCoin gets its value similar to how gold and silver got their value, but with one very important difference.

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1.76 USD

john

7 months ago

Much-shortened version will be available in the near future from@coingeek, but here is the LOOOOONG form version if you want to take the bull by the full horns: THREE WRIGHTS DON'T MAKE A WRONG: https://equitydiamonds.medium.com/three-wrights-dont-make-a-wrong-a37ea19ed636 It's a story about a concrete example of history repeating itself, and some lessons we can take from it to make money in the future.

“There’s a commodity value to BitCoin WHEN IT’S USED CORRECTLY: 1. it is the value of putting information into the ledger. 2. It is the value of exchanging quickly.... It’s actually USE. As it’s used, a commodity has value”— CSW, @theoryofbitcoin -whitepaper He goes on to explain the equivalence of gold having USE (he mentions one of its smaller uses— as an ingredient to electronics). This explanation is the very basis of BSV’s value and arguably we will be able to value BitCoin in many

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john

7 months ago

Couple of CSW-favorite-words from recent speeches at the high-value end of SLictionary's Word Bounty today... https://www.slictionary.com/WordBounty Atavistic and rumination looking beautiful and interesting tonite.

3.04 USD

john

7 months ago

Mimble-Wimble Touchback-Fumble: So you think BSV has had a rought ride of late? Grin and bare(beam) it... Grin is down over 90% 2019->2020 Beam is down > 95% 2019->2020 Guess we have some early exits from the Anonymous CryptoCurrency party?

0.06 USD

john

7 months ago

john

7 months ago

STONEY...

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Gold derives it's value from the cost of work to get it out of the ground and refined. But why mine it at all? Because gold is used for certain things which will not be returned to the above-ground gold pool. These certain things MADE with gold have a value FAAAAAAAAAAARRRRRRRRR higher than the price of the gold used to make them. Here is a picture of one of them. What is the value of gold in this watch which sold for $24 million in 2014? Melt this baby down, and its still valuable as gol

john

8 months ago

Some cryptocurrency & Peer-to-Peer network History: 1989 eCash concieved by David Chaum 1989 DigiCash (Chaum's implementation of the concept) 1998 Bankruptcy of DigiCash despite "flourishing electronic commerce" 1999 Napster file sharing network, deceased 2001 2000 MojoNation / MNet; deceased 2002 2000 LimeWire file-sharing begins; injunction issued 2010 for copyright infringement 2009 BitCoin Node network begins-- "a peer to peer electronic cash system" "If a miner stops working, it gets repl

0.08 USD

john

8 months ago

"BitCoin's network protocol isn't about Nodes for everyone, it's about the Network being robust aka Nodes are replaceable & the network continues"-- CSW "Decentralization in BitCoin Nodes makes the network resilient"-- CSW "Many cryptocurrencies tried and failed, and not ONE of them used clear text (un-encrypted), but BitCoin did"-- CSW "BitCoin doesn't encrypt ANYTHING on chain"-- CSW

john

8 months ago

This could be the motive force behind all those incredible $TAAL slides @jerrychan threw out there yesterday... https://powping.com/c/fcb6cb885bad02a168a1348fa93d15c0941e6ff269f6e70587c8ce084d3615d6

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john

8 months ago

"[perfect visibility by regulators and operators via BitCoin immutable ledger] That's what the gaming industry has been searching for, for the last 20 years"-- Matthew Dickson, BitBoss

john

8 months ago

CREATIVES 4 microTRANSACTIONS! Kids sometimes compete to CREATE the coolest most popular "skins" or "accessories" for their eSports avatars. Now imagine kids getting PAID to sell their popular "mods"? Maybe your lazy computer-buried kid is the next virtual Monet or Ralph Lauren? A future mogul thru design. Turn your child's distraction into a business?

john

8 months ago

Multi-tasking while watching conference... editing the next @diamondsintherough episode which will come out tonite (or tomorrow afternoon) to prepare you for the weekend analysis of all the new companies on BSV from the conference. It's the first of our "Investment ICON" series-- this one is titled "Sharing is Caring" and teaches the ground-floor methods for obtaining fully diluted sharecount for the public companies you love to follow. We do Snapchat and Unity (IPO'd last Friday), and we didn

john

8 months ago

TAAL presentation is rich in slide-cake... Check this one out for prediction of transaction-processing revenues vs block-subsidy revenues for Nodes! Does TAAL know something we don't?!! Or is this entire conference a proof-of-work for what's about to happen to transactions and block size??

john

8 months ago

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john

8 months ago

Token Panel quite useful. According to @ryanxcharles 's handy defining of "layers" of tokenization methodology... Layer 0 token: Tokens using satoshis (BSV tokens) themselves as tokens. Layer 1 token: Tokens which use BitCoin scripting language inside BSV tokens to implement the tokenization. Layer 2 token: Tokens OFF-chain. EDITORIAL COMMENT: My opinion? Tokens will be safest when attached to actual BSV tokens-- aka tokens should have a definitive "PAR" value associated with BSV tokens th

Cool pic! CAN U do better?

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john

8 months ago

Coingeek Conference Live NYC-London-Virtual channel is live! Jimmy's Speech finished with the powerful... ONE WORLD; ONE CHAIN If you have spent time in #BSV community for awhile, you'll absorb the concept that the great BitCoin "timestamp server" or "block chain" or "immutable ledger" only works if there's ONE. Indeed, "BitCoin SV ONE"

john

8 months ago

Tyler "The Hero" Herro just Michael-Jordaning Boston's ass with 9-11 2pt shooting/driving. Unreal. https://www.espn.com/nba/story/_/id/29957859/tyler-herro-career-night-surprise-many-not-miami-heat-doing-all-year-long God bless Miami, I hope the "company man" refs give them a break again the LaLeBrows. Dragic emerged out of his post European-victory (when he paired with Luka for Slovenia) injury as the man he once used to be-- just in time too. Given a FAIR chance... Jimmy + Bam + Dragic +

john

8 months ago

"Whatever your political affiliation, Bitcoin has something for you, it's the socialism that capitalist want and the capitalism that socialist want. It's a fair system.."-- @synfonaut of bit.sv fame (where my raw articles are first welcomed into the world) Enjoy the full work: https://bit.sv/post/499dec5108b14e99d28b48b0c0dfcd5fe06edef43ad738d41f18264151aaf30d

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john

8 months ago

"Louis Blériot, who was a flyer himself and present, was overwhelmed. So was France itself. There was immediate acclaim. Doubt about the Wrights' achievement vanished; people were aware that another era had begun."-- James Salter, Financial Review Some had witnessed flight with their own eyes 5 years prior to this. Yet still articles were printed that the Wrights were frauds. Isn't history amazing?

john

8 months ago

Every series has been decided by which team has the bigger market. Boston > Toronto LAL > Houston Miami > Milwaukee Miami > Indiana Boston > Philadelphia (injured Ben Simmons) Denver > Salt Lake City Los Angeles Clippers > Dallas Houston > Oklahoma City Los Angeles Lakers > Portland Toronto > Brooklyn Portland > Memphis Only exception would be Milwaukee > Orlando, but it's close, and was a 1 vs an 8 seed. So far it's been a "TV Playoffs". Given how the refs have been known to be "company me

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john

8 months ago

As for powpress, really want to use it particularly for the rich editing not found on other platforms atm. But I feel it needs a monetization strategy for authors. Medium has changed theirs a couple times, but still relies on "reads" and how they interpret reads (formerly claps but that got out of hand obviously bc the claps have no cost-- something BitCoin solves inherently). Hate to say it, but paywalls have been working for a long time. New York Times, even bit.sv and yours.org worked in

john

8 months ago

"When Sir Albert Howard encountered the hoof and mouth outbreak in India, he put carriers in corrals with healthy cattle to demonstrate that feeding grass fertilized with compost prevented the highly communicable disease while the cattle fed grass fertilized with chemicals got sick. He was right. The neighbors were aghast that he kept some of the infected cattle alive to expose the healthy ones."-- One American farmer's musings on disease & immunal responses

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john

8 months ago

I will drop Medium like a sack of rotten tomatoes if @Powpress or anyone else allows a paywall feature similar to what bit.sv and yours.org created. I also have some suggestions for simple improvements, for what authors might want, which can make a BitCoiny Medium competitor immediately better than the current competition if anyone is interested just DM me.

john

9 months ago

What is Cardano? It’s a 3rd generation smart-contract proof-of-stake system which has completed step 1 of its full 6 step development process. If you are confused right now, join the club. Here is the first two sentences of the Cardano white paper for more clarification: “We present “Ouroboros”, the first blockchain protocol based on proof of stake with rig- orous security guarantees. We establish security properties for the protocol comparable to those achieved by the bitcoin blockchain pro

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john

9 months ago

INTERESTING DEVELOPMENT? @attila ' s Matterpool seems to have something called "BitcoinFiles" A "Google Drive" competitor? (but onChain?) One might hope this also means MatterPool will b "guaranteeing" OP_0/RETURN data permanence which would b big #BSV Node news ...and there might be more to this story. https://sym.re/JwwyR9r

john

9 months ago

When SillyCON Valley busts out the way "out there" themes, the upCycle is almost over (<1yr). Remember CLEARLY the last buzzword (there were MANY) of the dotcom bubble was "NANOTECH" 20 yrs later & still can't name a "nanotech stock"

john

9 months ago

#neuralink.

Department of Financial Services has a lot of power here in the US when it comes to finance, and they are already choosing-up sides. Obviously they don't support BSV, but support Binance and btc and ethereum CLASSIC! You can't make this stuff up. They are basically a mafiaoso organization, protecting the State of New York's tax revenues from big financial firms. That's why 2B2Fs don't want to leave Manhattan, they get protection, bailouts, etc.... so long as they play nice with NY State. Ob

john

10 months ago

@michaelwehrmann's interview of Ryan X Charles is one of the best things you can read on the future of BitCoin: https://coingeek.com/ryan-x-charles-bitcoin-is-going-to-be-the-largest-computer-ever/ And it even answers a long-running debate raging on Twitter amongst separate BSV camps regarding taking VC money... "For companies that are able to raise significant capital, they can spend more time ramping up the infrastructure around Bitcoin and placing bets on the future. For companies with le

john

10 months ago

Early draft of: "How to value BitCoin in the next couple years-- version 4" https://bit.sv/user/johnpitts on@synfonaut's@bitsv Full disclosure: it'll be free once it's done being edited, could be weeks or months or tomorrow, but likely a week or two.

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john

10 months ago

Really hate to say this, but the CoinGeek New York (and now London?) survey is really bumming me out. What's a conference if only half the people are there? CoinGeek Conferences are a peer-to-peer non-digital MEETUP system. (mercifully non-digital)

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john

10 months ago

Bitcoin Association DevCon Day 2 thread: Didn't find one today, so maybe this is it?

john

10 months ago

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john

10 months ago

*The Satoshi Nakamoto gloves are officially OFF* Craig is no longer obfuscating himself, as his thoughts on things like scripting language are now officially in the public domain as of today. Is this coincidence with recent expiration of certain "trust" restrictions? If anyone would like to challenge CSW's technical knowledge-- I wish that person luck. Turing Complete, Selfish Mining, Double-hashes... there are so many things "experts" don't know compared to Craig, he's like Patton described i

Question or bugReport: @unwriter Having trouble posting longer-lengthed links in @powping (see photo) Using MacOS 10.15.5 & Safari 13.1.1, another try: https://medium.com/@EquityDiamonds/what-is-bitcoin-903779fdc5c5

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john

10 months ago

Still writing this, but need a set of fresh eyes to critique it. I'll pay the fee back to you if you have good criticism for me... What is BitCoin? Zen Yotta Mond Data https://sym.re/8Fy2vJV A twin brother article which tackles the 2nd part of "What is Money?" https://sym.re/DgeqAPd (The "wampum article")

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john

10 months ago