Why bsv (bitcoin satoshi vision) becomes the massive, standard network [See summary in description] скачать в хорошем качестве

Why bsv (bitcoin satoshi vision) becomes the massive, standard network [See summary in description]

Brett Banfe is a bsv community developer. We discuss why bsv is likely to be the major standard network for payments, as claimed by Craig Wright (inventor of bitcoin). I did another video with Joshua Henslee, about Craig Wright being the 'Satoshi Nakamoto. ------------ - Summary: THE TWO MAIN TYPES OF BITCOIN - BSV VERSUS BTC The 'functionally best' bitcoin network and coin are called 'bsv' which means 'bitcoin Satoshi vision'. The earlier bitcoin 'btc' network and coin, although hugely popular, are ◘ Less secure ◘ Not scalable for heavy future traffic ◘ More elitist-wealth controlled than bsv's everyone's-equal democratic network. EARLY ADOPTION OF BSV IS SLOW, BUT THAT'S NOT A FUNCTIONAL DEFECT The bsv field is starting to attract popular interest as well as finance specialists. Detractors criticize bsv on the basis that there’s very little use of it. That is true, but, like the first ever car, he crucial thing is the credible, huge usefulness, not whether it's adopted yet. BSV OFFERS DECENTRALIZATION NETWORK, FOR SECURE, FAST TRANSACTIONS First principles... Joshua explained how centralization of a network is dangerous because the center node can be attacked, crippling all dependent sub-nodes. In contrast, a network of abundantly cross-connected notes is much safer, because there are so many alternative pathways that the traffic can choose and use. THE BSV NETWORK IS MORE DEMOCRATIC THAN THE BTC NETWORK. It enables any authenticated person, rich or poor, to become a useful, productive node of the bsv network. A high proportion of bsv notes have similar amount of activity and influence on the community’s methods of processing of blocks of transactions. In contrast, btc nodes are mostly owned by ‘big players’ handling most of the traffic, rather than a busy popular community. Most nodes are 'passive', with little or no status to influence how the network operates. BSV PARTICIPANTS ARE MORE COMMITTED (‘PROOF OF WORK’ RATHER THAN JUST ‘VIP WEALTH STATUS’ Your status and influence in the bsv network is based on ‘proof of work’ - that is, how much electrical computing energy you have spent working to mathematically check people's transactions, or to create new bitcoins. That is, they have spent wealth, irrecoverably. In contrast, other networks like ethereum instead just use ‘proof of stake’ - which means that a node owner just loans wealth to get license to verify transactions or create new coins : They just stake (loan) some cryptocurrency into the system as proof of commitment (at minor risk of loss if they misbehave). That means there is less rigorous checking of transactions, by fewer wealthy-person nodes. Weaker checking increases risk of scam transactions to dishonestly extract money. THE BSV 'MESH' NETWORK - HOW IT WORKS Before the internet appeared, a letter posted in the mail system went through a series of many different unknown people, at risk of loss or intrusion. In contrast, consider today’s internet: It offers a huge, all-directions interconnected grid. There are millions of available different pathways between millions of people - many who know & trust each other. There can be technology that 'strictly identifies' each person uniquely - to prevent deceptions. So bsv can offer safe co-operation options for doing payments between everyone known or not. SIMPLIFIED ADDRESSING AND INDEXING To cope with billions of people's addresses on the internet, a transaction’s destination address is a long, complicated string of characters. But the bsv network allows simplification of an address - you can just create nicknames instead, e.g. MyBrotherSam YOU CAN CHOOSE PATHWAYS, AND BLOCK UNWANTED CONTACTS Bitcoin offers the option of doing a direct transactions person-to-person, without going through a node. This improves privacy and security and speed. Bitcoin also offers the choice of filtering to choose who can send you which information. FRAGMENTED TRANSACTIONS TRAVEL SEPARATELY FAST, JOIN UP AT THE DESTINATION For speed, a transaction is made up of hundreds of separate fragments, each addressed to the same destination, but each independently travels on a different pathways of the network, and recombines at the destination to achieve the whole payment. Each fragment is made up of a specified quantity of ‘satoshis’ (A satoshi is worth about 1.5,000th of a dollar). Worth noting… Despite rise in value of a satoshi in the future, there can easily be a ‘divider’ signal sent with each fragment to indicate the actual value of the fragment. ANYONE CAN CREATE A TOKEN - FOR ANY THING THEY WANT TO TRADE The bsv network allows any user to very easily, in minutes ‘tokenize’ anything valuable (e.g. ticket to a show, or a liter of water billed in the house). So, anyone can monetize anything for sale to anyone interested. Individuals, corporations, with ultra-high security provided by the network's lavish cross-checking by dozens of independent, watching nodes.