The Unknown Secret Behind BSV Skyrocketing
Most recently, in November 2018 fromBSV forked from the BCH communityIt suddenly became popular, the main reason is that its price suddenly exploded.
"Huh? Didn't many people say it was a scam project last year? Even Binance delisted him. Could it be possible?Satoshi Omoto is really Satoshi Nakamoto？！”
First of all, it can be determined that this should not be the result of the consensus of small investors, but probably the handwriting of big capital.
So the question is, what is the main reason behind this BSV outbreak?
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The well-known halving
The halving market, of course, is one of the boosting factors for the rise of BSV. Various media, including the vernacular blockchain, have written in the past monthThere are countless articles for halving, which will not be repeated here.
This year’s halving market, what you should pay attention to and understand most may be a law of the financial market:When most people are aware of a possible investment opportunity, it either fails (doesn't happen at all) or it comes at a moment that you totally didn't expect.
Thinking back carefully, last month, what were the two most popular theories in the industry?
One is the halving theory. Take the most eye-catching BSV and DASH as an example. One halving time is in April and the other is in May. According to the standard halving theory of historical statistics, when should the two rise?
According to the experience of Bitcoin halving in the past, it should rise slowly a few months before the halving, and start to soar after the halving (as shown in the figure below).
According to Bitcoin's Halving Path, 2019LTC's halving shouldIt is the best demonstration: LTC will be halved in August 2019. The following figure shows the trend data before and after the halving:
It can be seen that LTC rose steadily a few months before the halving, but fell into a slump after the halving.
The other is the statistical conclusion of historical experience, that is, in the past 7-8 years, except for 2013, the market has been in a decline every January, especially before the Spring Festival, and it has generally risen after the Spring Festival. Many analysts assert that it may be because the Chinese New Year usually falls at the end of January or early February, and most of them need to cash out for the festival. Therefore, the strategy of many old people in the circle is: short or light positions in January, start buying bottoms before or during the Spring Festival, and wait for the halving market in April-May.
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True and False Satoshi Nakamoto's Tulip Trust
Purely from the price point of view, the Tulip Trust is the main reason why BSV’s performance is close to demon this time. After all, the vast majority of people in the industry only eat this set. filed with the court on January 10.
The general idea of this document is that the third-party messenger has provided the information and private key fragments needed to unlock the Tulip trust document, which also leads to an increase in the probability that CSW is Satoshi Nakamoto.
Of course, as far as the current progress is concerned, CSW only shows the list of tens of thousands of Bitcoin addresses before 2013 contained in the Tulip Trust, and has not actually signed or moved BTC, and the real hammer has not yet finally fallen. I believe that all the answers will come to light on February 3, the court's deadline for unlocking and delivering bitcoins, unless both parties come up with some new reason to apply for an extension.
According to CSW himself, many people speculated that in addition to the address fragment, the messenger may also carry information proving the relationship between CSW and Dave, which will affect the final judgment on whether Ira wins the lawsuit. As we all know, CSW has always believed that Ira is too greedy and does not want to give him half of the BTC, but also said that he will abide by the legal judgment (if he is Satoshi Nakamoto).
Additional information: Previously, a lawsuit between CSW and his late partner’s brother, Ira Kleiman, was ongoing, the focus of which was that CSW allegedly stole bitcoins from his late business partner Dave Kleiman, which is now worth about tens of billions of dollars currency. According to the judgment in Ira's favor, Craig must pay half of the BTC.
Therefore, those who currently insist that CSW is a liar think: CSW is nothing more than using the Tulip Trust incident to hype again. There is a high probability that they will come up with a new interface and postpone it again before February 3, and BSV has successfully set a high position through a sharp drop. Live in a group of "believers" or speculators, so as to complete the harvest of hundreds of millions of dollars
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BSV's overlooked fundamentals
Leaving aside the question of whether CSW is true or false Satoshi Nakamoto, let us look back at the recent fundamentals of BSV. After all, as a mainstream project, there is no explosion for no reason.
1. Block size and number of TX (transactions) on the chain
What many people have not noticed is that the TX and block size on the BSV chain recently surpassed BTC and far exceeded BCH. In terms of the number of TX, in December last year, it has already surpassed ETH leave behind.
In particular, the trend chart of the number of TX on the chain in the past year can better illustrate some problems.
2. Number of DAPPs
I believe this will also surprise many people. More than 300 applications, such as on-chain big data (weather, financial transaction information, etc.), on-chain Weibo, on-chain Tieba forum, and on-chain Monopoly (games), have been implemented on BSV. , and unlike other public chain ecology, most of which are spinach or games, it can be said that it is a public chain with a very rich ecology. and the distanceBSV was born, only a year has passed.
3. The beta version is completed, Genesis is coming soon
Just the day before yesterday, the BSV node team officially released the node software v1.0.0, announcing the official end of the beta version. Everything is ready for the "Genesis" hard fork on February 4th, which is hard capped by the block cap. Not surprisingly, this is likely to be The most important hard fork in the history of BSV.
4. The sCrypt smart contract high-level language was born
In everyone's common perception, Bitcoin is Turing incomplete, and Ethereum or EOS with smart contracts is.
However, from the scientific definition of Turing completeness, the original Bitcoin, with the help of the stack and various script operation versions, can actually accurately simulate the Turing machine to achieve Turing completeness (CSW has a special paper on this, there is Interested friends can search by themselves, the title is "Bitcoin: A Total Turing Machine")
Starting from BCH, the original opcodes disabled by Core are gradually restored, and Turing completeness is realized.
There is another problem. Friends who are familiar with programming know that the lowest level of computer programming is binary, 1 and 0. It is impossible to "program" at this level. The upper level is assembly language, which is a low-level language with powerful functions. However, it is painful to use and very inefficient. Bitcoin script is equivalent to the level of computer assembly language.
Going forward, functions such as addition and subtraction, sorting, and looping can be implemented with assembly. These functions are combined into C language. C language is more advanced than assembly, more convenient to use, greatly improved programming efficiency, and very friendly to developers. The newly born sCrypt language is equivalent to standing at the level of C language. From then on, the development efficiency and complexity of BSV can be greatly improved.DAPP blowoutThe prerequisites are met.
5. Fee reduction and possible "I rely on time"?
This is potentially extremely important news that has been ignored by countless people.
"On January 10, TAAL, a Canadian listed company and cryptocurrency mining giant, announced that it will reduce its miner fee (minimum packaging fee rate) on the BSV network from 1 satoshi/byte to 0.5 satoshi/byte. Minimum relay rebroadcast rate, from 1 Satoshi/Byte to 0.25 Satoshi/Byte) to support enterprise-grade blockchain applications that generate large volumes of transactions.”
Before the fee reduction, BSV’s handling fee among the three Bitcoin brothers was already the lowest. Why do you need to do more and continue to halve the already lowest fee rate?
Many people speculate: This means that Nchain has already negotiated cooperation with large companies, and only needs to make it public. According to relevant personnel in the BSV community, there will be a real application of more than 256M blocks on BSV soon. The launch of this application will directly push the average block size of BSV to more than 200M.
After all, after ten years of development, the biggest pain point of blockchain has always been to serve the real economy and connect with the real world. Therefore, many BSV supporters believe that this point is no less than the authenticity of the identity of CSW Satoshi Nakamoto revealed on February 3.
