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Total Economy: 0.09 USD
So how do you guys think BSV overcomes the BTC Metcalfe Law and network effect?
The more people use BTC, the higher the fees get. The more people use BSV, the lower the feee get.
pete tipped:
0.04 USD
1 year ago
glauce tipped:
0.01 USD
1 year ago
pleb replied:
this is emprically wrong. there are tens of millions of BTC hodlers. Most stuff happens offchain.
pleb replied:
when do you expect tens of millions of BSV hodlers? How do we get there
liam replied:
I wouldn’t call solely hodling use. Savings definitely play a role, but what future economy is BTC building? How can you say it is wrong that fees on BTC are high? This is a fact, which is what makes BTC unusable. We get to millions of BSVers by building up an actual economy. Where real businesses can build on top of BSV. Where we have goods/services that you can only buy in the BSV economy and nowhere else.
orac tipped:
0.02 USD
1 year ago
pete tipped:
0.04 USD
1 year ago
pleb replied:
Hodling is using. Savings is crucial. Most BTC transactions are happening offchain anyways like on Coinbase, other exchanges, GBTC, and L2 like WBTC You can see fees are not rising. Few dollars is fine. Nobodh cares. You just pay the fee Cashapp or Coinbase charge you. How do we overcome the network effect? You do realize bsv is hard money like BTC too. Weathersv transactions are not creating any value
pleb replied:
Hodling is using. Savings is crucial. Most BTC transactions are happening offchain anyways like on Coinbase, other exchanges, GBTC, and L2 like WBTC You can see fees are not rising. Few dollars is fine. Nobodh cares. You just pay the fee Cashapp or Coinbase charge you. How do we overcome the network effect? You do realize bsv is hard money like BTC too. Weathersv transactions are not creating any value
liam replied:
I agree savings is important. But like I said there needs to be a real economy created for those savings to matter. Fees are insanely high on BTC still. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html $2+ fee means micropayments are impossible on BTC. BSV is going to create completely new industries that have never existed before because of micropayments. We overcome the network effect by becoming more valuable.
One approach is to ignore the naysayers and to just keep building. 😉 An other approach is to do that before-mentioned, and to keep marginalizing "this side of the fence" by calling everyone else a scammer etc.
pleb replied:
Right now everyone is ignoring the BSV naysayers talking shit about BTC. How do we change that?