Thread by @oudekaas3

#BSV #BITCOIN
If you struggle to understand which Bitcoin is what, check with Satoshi!
Satoshi mentioned that templates can be added in the future for more transaction types! He saw no limitations in blocksize nor in sorts of transactions!
bitcointalk.org/index.php?topi…

To Gavin he mentioned that the design had to be locked down!
That lockdown is part of why Bitcoin is decentralised! Nothing in the crypto space today is locked down! BsV will be once they are ready to do so, protecting it’s core design from v0.1!
Satoshi said official version!

So from that point of view BSV is without doubt Bitcoin, the rest is hijacked and being sold as Bitcoin through mass media takeover propaganda and themes like HODL. Driven by greed and tether.

How about future proofing?
Block rewards half, miners drive the security of the

network, they are supposed to be the guardians of the protocol, making sure nobody changes the protocol! When block rewards half next year and in 2024 only 3.125 BTC will be left instead of the 12.5 today.
Satoshi envisioned that, the subsidies were only there to kickstart

Bitcoin! So he envisioned that fees would eventually carry the network! It ties in with my earlier point, all sorts of transactions were planned for Bitcoin. Logic right? If the network get’s carried by fees surely you wouldn’t want to stop any usecase that helps drawing in fees.

“it was part of writing the code to explore the most technical demanding usecases and make sure Bitcoin could support EVERYTHING that might be needed in the future, given the LOCKED-IN nature of the rules once the blockchain get’s started!

So in short, BTC only works as a form

of HODL ponzi, btc developers changed Bitcoin they artificially limited the potential of Bitcoin forcing people of the chain, hiding transactions, forcing high fees. Overall they killed the potential script had by removing vital data. But worse they forgot about the block reward

halving! So not only is BTC not Bitcoin anymore in terms of what the creator had in mind, it is fatally flawed! It is why people shout HODL as the price needs to stay up! So they screwed the pooch.
BCH similarly they are not aggressive enough, they focus on one usecase....

p2p cash! Next to that anarchy.... it is not what Bitcoin is about. Again it is about competition, usecases and being decentral. BCH also has a continuous changing design... if something changes that easily powers can be exerted over it, and thus it can’t be decentral!

So we covered the historics, the economics.

Technicals, BSV scales as per envisioned by Satoshi, low fees (micro fees), 0-conf, as mentioned before it can encompass anything, from tokenization, to real smart contracts (including paperwork on the blockchain), notary service,

storing privacy data, edi, escrow. It is turing complete, Bitcoin has the potential to be the largest computer in the world. Due to it’s scripting language and free/micro fee transactions.

Technicals BSV wins again! Decentralization next up.....

A major part of decentralization

as mentioned earlier is not only about how many nodes you have. This is a very simplistic view and it’s being sold by BTC core!
It is an interesting subject because for years I realized nobody understood decentralization propery.

The closest I got to understanding it,

is the nakamoto coefficient. It is trying to measure how decentralised each subsystem is,if any subsystem is central, the system as a whole becomes central. I soon found out this is impossible to measure.
Yet isn’t this why Bitcoin was created, is this not the innovation?

And then Craig came with his defintion of decentralised: "The error that some people make is thinking that decentralisation applies to systems. The decentralisation of power is the issue under law. For a system to be decentralised, you need to decentralise control”

one tweet covers it! All you need to do is make sure nobody is in control of Bitcoin, how does one achieve that?

LOCK IT DOWN! it is the only way! Nobody get’s to change it! Like the rules of a game of risk! You cheat, you’re out! Globally everyone will understand the rules,

such a simple answer, but developers want to innovate.... they want change...... now you understand why the current market is hillarious. There is a subsystem that makes the whole system centralized, it is called DEVELOPERS! It is why I call them devcoins, shitcoin, darkcoins

Now BSV get’s attacked for being central, and sure I get the subsystem that can be argued to be central is the amount of mining nodes.
But my argument to that is, they are just getting started, when fees and reward and economic kick in, competition kicks in, so this is not a fair

argument today as the system will just evolve like any other system that scales and that delivers rewards. Competition increases as blocks get filled up, so it is a dynamic issue.
Next to that node centralization was envisioned by Satoshi, he said if miners get the majority hash

power, they ought to find it more profitable to stay honest. Well as we can see, there is no selfish mining and nobody is double spending even in todays format.

So fair to say BSV wins this one by far, as they lock down the protocol and let me add, anyone knows Bitcoin’s design

which makes it easier for everyone globally to understand what it is that we are protecting!!

Now if you are in it for ideology purposes, all I can say is, BSV has massive plans to change the world, it does not exclude 50% of humanity due to high fees!

high fees in money = slavery..... why would we want high fees? Onchain works, microfees and everyone on this planet can participate making the whole world richer! That is Bitcoin!

Next to that Bitcoin can fight corruption! Understanding what a traceable ledger does whilst

keeping privacy, is of importance, it forces accountability, the idea that people transact on a ledger that is publicly available should make them act more honest, it allows for direct auditing, and even taking out taxes straight away, that probably sounds awful, but all this

means that less fraud is possible which in turn means more efficient governments, lower taxes, smaller governments.

Will it evolve like that, it has the potential to do so..... governments are people, banks are people, we as people can become more accountable through Bitcoin!