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PAYMENTS ON FIRE

"Episode 109 – Bitcoin SV, a Payments and Data-focused Path in Bitcoin Evolutio – Jimmy Nguyen, Bitcoin Association

By libsyn on November 27 2019

If you thought bitcoin was dead as a payments system, take a listen to George and Jimmy Nguyen, founding president of the Bitcoin Association, as they discuss Bitcoin SV, a new version of bitcoin that is a significant upgrade to the performance and capabilities of the original bitcoin protocol put into the world a decade ago.

From a payments perspective, bitcoin has failed. While successful as an albeit volatile store of value, its failings include:

It is slow, only able to handle 2 or 3 transactions per second with a peak rate of 7. Visa handles 50K at peak holiday times with aplomb.

While transactions are irrevocable, they are not immediately written to the blockchain. Core design specifies that that happens every 10 minutes but when the network is under load it has taken hours.

Processing cost is too high, measured in dimes and dollars, and also volatile

As the processors, known as miners, are rewarded with fewer bitcoins for their work, they’ll have to rely on processing revenues, transaction fees, to stay viable. Costs are already too high

There’s the high power usage of the network that’s needed to maintain consensus, essentially trust in the network"

https://twitter.com/JimmyWinMedia/status/1201647447132581889?s=09
Por si te has perdido alguno de los videos mas interesantes de BSV, que se haya publicado últimamente.(último mes aproximadamente)

O por si no te quieres perder los videos interesantes que van saliendo sobre BSV, Apúntate al canal y también podrás colgar alguno que te parezca interesante, vale

BitCoinˢᵛ Videos
https://t.me/BSV_Videos
Forwarded from CSW 311 TAAL - Squire Mining LTD & Stefan Matthews (@RamonQuesada)
The following is an interview with Jimmy Nguyen, founding Chairman of the Bitcoin Association:

ChainDD: In 2019, blockchain and encrypted digital currencies are very hot. Are you optimistic that Bitcoin, a borderless digital currency, will surpass national sovereignty and grow into a universal digital currency?

https://www.chaindd.com/3264690.html