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These crypto crashes benefit the BSV blockchain

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The recent FTX crash and the severe crash in the BTC price put the spotlight on the person who predicted all of this for years. Dr. Craig Wright, the inventor of Bitcoin, warned the digital asset community about how corrupt and fake the “crypto industry” is. In a 2019 article titled Crypto flim-flam, Dr. Wright stated:

Unfortunately, every new technology opens up opportunities for the flim-flam man and night singer. It’s no different than my technique and what people have done with it. Over time, Bitcoin will change the nature of such opportunities, but it will take time. Right now, even what people are selling as Bitcoin is a cheap copy. The night singer is nothing new. During the South Sea Bubble in 1720, con artists sold shares in stock. A form of securities fraud involved inflating the price of an asset with false and misleading positive statements so that the perpetrator could raise the price and sell the cheap asset at a much higher price.

As digital asset market prices fall, people ask themselves: What have I “invested” in? Is this coin or that coin even useful? What is left of it when people withdraw their money?

We can tell you what’s left when people cash out – a digital asset or nothing. As far as the so-called cryptocurrencies are concerned, it doesn’t matter. You either have a coin that can actually do something, or you bought into a Ponzi scheme.

The BSV blockchain provides the original Bitcoin as a complex cash with functionality and scalability as outlined in the Bitcoin White Paper. nChain develops solutions for using CBDCs on top of BSV. The BSV data shows all kinds of​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​a​​​​​​​​​​​​a​​​​​​​​​​​​​​​​​​​​​​​​​​a on in mind. This is what we mean by the benefit of digital assets:

However, the BSV blockchain has suffered in the public eye due to an illegal commercial attack. Bitcoin SV is listed on only a few exchanges compared to other digital assets. The BSV deletion attack has been in effect since at least 2019. The secret exchanges that delisted BSV are now suing the BSV blockchain and its developers, companies and users for this very corrupt practice.

Other digital resources currently have one remaining “competitive advantage” against BSV: price action. Nothing else. When the price trend spirals downwards – like right now, for example – the illusion of the constantly rising price of absurd coins evaporates. Ultimately, digital asset investors will either exit the market or examine what Bitcoin was meant to achieve.

Regardless of the price of BSV, anyone currently building BSV will continue to build on it regardless of price action. It is key. Can you hear that? Regardless of price action! The BSV blockchain provides functionality that will still exist if the price goes up or down. What is the function of BTC when its price goes down?

Thanks to the geniuses who “work” at FTX, regulators get to take a closer look at the sphere of digital assets. It may be helpful that the BSV blockchain has been defined as the most law-abiding system ever. The original Bitcoin helps law enforcement and regulators with full traceability and audit functions – while preserving the privacy of its users at scale.

Why has the famous economist George Gilder called the BSV blockchain “the epitome of the information economy”? Because he knows. As an economist, Gilder is aware that an asset must be useful – otherwise it is worthless. It’s not even hard to understand, but the so-called crypto market seems to be hallucinating. Dr. Wright predicts the digital asset market in his Crypto flim-flam article:

20 years from now, we will look back after a massive accident and see one surviving protocol. Not a protocol that sells to the market to democratize finance, but one that provides value.

See: CoinGeek New York Conference, George Gilder: BSV has more transactions than BTC

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New to Bitcoin? Check out CoinGeek Bitcoin for beginners section, the definitive resource guide to learn more about Bitcoin – as originally designed by Satoshi Nakamoto – and blockchain.

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