BSV blockchain: A one-way street into the information economy
It took Satoshi Nakamoto to invent Bitcoin in the first place, and now it also takes Satoshi Nakamoto to explain to the world why data must be valued. However, Bitcoin was created precisely for that: to value data and be the basis of a true information economy.
Fortunately, Satoshi is still with us and is better known as Dr. Craig Wright today. For anyone unfamiliar with the history of Bitcoin and the person behind the famous pseudonym, check out these articles:
- How Bitcoin was stored
- The outcome of the Kleiman v. Wright trial
- Craig Wright: Bitcoin is an information commodity
We live in an inefficient data chaos economy
Why is it that when we go online, we are bombarded with advertising? As of now, there is no effective mechanism implemented to value information. That’s why we live in a computer world where everything has to indirectly make money from ads.
This is not about convenience. We face a serious problem here, as inefficient monetization means less economic growth for everyone. In other words: if we had the right way to value information, we would all be richer.
With Bitcoin SV, as in the BSV blockchain, we can use low-cost and low-value transactions to monetize literally anything data-driven. For example, instead of using a search engine that is supposedly “free” but scrolling through tons of ads, we can use Bitcoin to pay a fraction of a cent for a single search.
And by “fraction of a cent” we really mean it: literally a thousandth of a US dollar cent or even less. In numbers: 0.0001 US dollars for using a search engine. This micro-money should go directly to the search engine, and gone are the ugly advertisements.
We can do that with the BSV blockchain. In this example, the entire business model of the search engine changes. Appealing to advertisers is no longer necessary; we will focus only on presenting the best search results to the users – the users who actually pay and not “pay” indirectly with the time and attention they view the ads.
You cannot unlearn the BSV blockchain
Once people understand the original Bitcoin, there is no turning back. The ability to value data is a positive disruption. In his quest to conquer the information economy and rid it of inefficiencies, Dr. Wright is supported by entrepreneur Calvin Ayre.
It was Ayre who said: BSV is a one-way street. As soon as people realize what can be done using the BSV Blockchain, all limits in today’s data chaos economy will be eliminated and there will be no reason to switch back to legacy data systems.
“The number of people getting what this platform can do is growing and growing and growing (…). No platform competes with BSV in reality. The technical superiority and what it can do and what people in the development community focus on is unique to BSV , Ayre said.
Recently, IBM Consulting became aware of BSV Blockchain:
– IBM and Certihash will tackle cyber attacks with new BSV blockchain tools
– What IBM learns from working with BSV
It is safe to assume that IBM will keep more than a close eye on what BSV is up to. Furthermore, the famous economist George Gilder described Bitcoin SV as the epitome of the information economy and has been an ardent follower of Dr. Craig Wright. According to Gilder, BSV is the kind of digital money that the world needs to enter the promised information age.
“Satoshi’s vision is now manifested in a transaction level that eclipses the transaction level of BTC. Everyone is focused on the market value of Bitcoin (…), but you advance by inventing new things, using money as a measure of your own achievements. And Bitcoin SV is now taking off in the transaction field,” Gilder said.
That is what Dr. Craig Wright meant by valuing data: an electronic yardstick and such is the nature of Bitcoin. With Bitcoin, we have the data and the money in one system. The original Bitcoin in the BSV blockchain is why Gilder is so passionate about it:
BSV blockchain with unstoppable speed
It is easy to agree with Calvin Ayre that there is no unlearning about Bitcoin SV. If one dips a toe into the BSV blockchain waters, the next step is a full dive into it. As no other blockchain project offers the same scalability, low-cost transactions and micro-payment capability as BSV, it is no wonder that the development of BSV is accelerating:
– BSV Blockchain to eclipse all other blockchains
– Fixing the world’s supply chains with BSV
– BSV is the green Bitcoin
In comparison, other blockchains such as Ethereum or BTC struggle with scalability and make micropayments impossible. This may sound ridiculous, given that these blockchains have been around for years already, but it is serious. These projects actively stifle innovation. They prevent us from entering an efficient information economy, an economy where we begin to value things again and therefore bring order to chaos.
Recently, Dr. Craig Wright was introduced to the IPv6 forum by Latif Ladid and will soon be presenting at IEEE. Satoshi Nakamoto is busy educating the world, and the beauty of education is that you usually don’t unlearn things. Once true information is out there, it’s out there forever.
See: The presentation of the BSV Global Blockchain Convention, BSV Blockchain: A World of Good
New to Bitcoin? Check out CoinGeeks Bitcoin for beginners section, the ultimate resource guide for learning more about Bitcoin – originally envisioned by Satoshi Nakamoto – and blockchain.
