Despite Losing The BCH Hash War, Craig Wright Still Thinks Billions Will Use Bitcoin SV (BSV) In Time


Despite Falling Behind In The Hash Wars, Craig Wright Thinks Billions Will Use Bitcoin Cash SV Eventually

“Going forward we will start to open up and allow the business use of the Bitcoin blockchain. Bitcoin scales, and we will be demonstrating this in the coming days as we first start running 128-MB blocks and we will move to remove the block cap altogether. In the coming years, we plan to support an unbounded blocksize and as many transactions as people are willing to send us.”

With this note of optimism, Dr. Wright starts off his most recent Medium blog. He continues to say that their blockchain is equipped to open up for large businesses since it is scalable, an innumerable amount of transactions would be sent without affecting the overall network performance. Their objective is not to create or promote any form of disorder as mainstream media implies.

“It is not a method to create anonymous systems to help promote and create anarchy. Rather, we have been developing technologies to increase business efficiency, to open markets, and to allow trade.”

They aim to open up their market to make trade easier. By building channels through which numerous vendors can transact, the point of HODLing will be useless.

“We plan to open development of systems that will have billions of people using Bitcoin in the coming years, without even knowing that they are using Bitcoin. Basically, we seek to create a system that proves the ends which reflect how any good system should be — not one based on ideology and religious drive, but simple efficiency and value.”

He says that they already have numerous use cases, more than 100 inventions under their banner. Dr. Wright envisions a world where billions will be using it across the globe.

“We have already documented several 100s of inventions that have real-world value today. These are concepts and seeds of businesses that we will provide to developers seeking to extend the Bitcoin protocol on SV — not as a means to take down the state or anything along those lines, but simple and boring uses such as technological data plumbing. This will be tax invoices and contract-exchange platform — systems that allow a user to purchase an item in the local store, and have it recorded and available later for use as a tax record. It could even be automated to load into an accounting system.”

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