Money Button continues to be one of the sternest defenders of the BSV. The BSV comes to pass as the only cryptocurrency that has followed in the footsteps of the first Bitcoin to be launched by Satoshi Nakamoto.
The CEO of the BSV Payment System, Ryan X. Charles recently held a joint discussion with Becky Liggero from CoinGeek on the reasons why he continues to be a fierce supporter of this particular cryptocurrency, and what can be expected from the company moving forward.
BSV Payment System
When Charles was asked on why he continues to believe that his payment system is the novel Bitcoin, he stated that one needs to look at the existing blockchain infrastructures and cryptocurrencies to get an answer. He goes on to state that BSV is currently the only cryptocurrency in existence that actually uses the very first BTC protocol.
Money Button’s CEO is well aware of the fact that many BTC (Bitcoin Core) enthusiasts will continue to argue that theirs is still the original cryptocurrency. But he states that a closer look at the two clearly shows that they have very different economics as compared to the very first Bitcoin.
Bitcoin core is not the same as it was when it started out. Charles goes on to add that it is not possible for one to start throttling the block sizes or even the sizes of each transaction. Based on his answers, it is clear that Charles has come to the realization that Bitcoin does not just comprise of a bunch of codes, instead, BTC is a vision.
Charles explains that traditionally, Bitcoin has always worked as an economic protocol, and not software as many choose to assume. Economics has always come first as software is just what people choose to use. This, therefore, means that cryptography is, in reality, a tool that is used to apply these economics.
But in reality, only the economics actually matter. This means that BSV is the only real one, something that can be proved by reading its white paper and comparing it to what was written by Satoshi. A closer look at the original concept would reveal that BSV is actually what had been envisaged.
Money Button was among the first companies to offer public support for BSV. This was after the hard fork of November, 15 that saw BTC get reborn as Bitcoin SV. At the time, Money Button wrote a blog post stating that Bitcoin SV was the only blockchain that had followed the initial protocol.
When pressed on this report, he explained his decision for making that post and exuded confidence that BSV had a bright future ahead of it. He clarified that he still believes that Bitcoin SV is the real bitcoin, and Bitcoin would be the perfect way to address the issue at hand.
He went on to state that the concept behind the original protocol was to come up with money that could easily scale the entire world. And having looked at what is happening across the world, people have come to appreciate stability, which means that they understand that there is a need to ensure that the system is not tampered with in any way.