BTC or BSV? I asked Swedish Enterprise.


I just had a meeting with a great
Swedish industrial enterprise about Blockchain. So I met with their CTO,
their Chief Strategy Officer and their blockchain expert and we talked for two
hours. While I was there, my friend had asked me if I can also ask them
about BSV and I did. I kind of knew the outcome already, but it was still a good idea,
because I actually learned something and that’s what I will share
with you here on this video. They were ok with me sharing this particular
part of our conversation. Now if you are looking for some sort of religious sermon – for that coin or against that coin – then I suggest that you stop listening
now, because I want to talk about real business, real technology, real use, real
companies, real people. Religion we do at places of worship. So if you want good news, they come first. Number 1. They didn’t care about whether Craig is
Satoshi or not. You cannot make business decisions based on things like that.
The fact that Calvin with Squire Mining, a public Canadian listed company,
is supporting it, is much more important and they knew about that. 2. They were genuinely impressed by all the number of applications that
are actually running today, that are actually working and that are actually
useful. They did not know about that. Number 3. The hardware requirements to run a node was an absolute non-issue. They didn’t even understand why I
brought it up as a potential issue. I agree with that. So this is where to go for religion. Now we need to get a little more serious,
so let’s head up to my new office! We are going up there. All right, so that all sounded good,
then why won’t they use it? Three reasons: 1. Community and brand risk. The
company I met earlier said the same thing. I actually showed these guys a
little bit on how the conversation is on social media and some of the messages
that I received from bsv supporters and the CTO literally covered his face with
his palm for an entire minute. Guys, a minimum of respectful tone of voice,
a minimum of politeness, is required to bring this to corporate, otherwise no one
wants to come near this thing. Then you sabotage the mission that
you are working for. Look at Jimmy Nguyen, that’s the role model: Polite to everyone, works hard, owns a shirt.
That is how to do it. 2. The CTO asked: Why are most of
these people not willing to reveal their identity? That kind of stuck with me
a little bit. Why is that? Is it because people are worried to get robbed? I don’t
think so. You are not that rich and the people who actually are rich, like Novogratz or Calvin or
Roger Ver, they all show their face, so I don’t think that is it.
Is it because people want to do tax evasion? They don’t want to pay a tax so
they’re trying to hide that way? I don’t think so either. I think most people know
by now that tax authorities will find them so I think people pay their taxes. I think it’s another reason. I think that many people, despite their
boldness, kind of have a nagging worry that what if they are wrong, what if this won’t fly,
what if this won’t succeed. I mean, it could be like that.
Maybe none of the blockchains of today will make it. Maybe it will come
another one later that will be much better, who knows, but guys, don’t worry about that. Edison tried thousands of materials
that didn’t work. In the end everyone remembers him for the one that did. Everyone who has achieved something, they know how much failure, how many
attempts it took, to get that sudden overnight success, that everyone thinks it
was, so guys don’t worry about that. Stand proud. Number 3 issue: The enabler for
a lot of these applications is of course the ability to store data on the
blockchain and when you build a new technology you also need to cater for
that there are a few bad people who will try to take this good technology and
abuse it for bad purposes. So how to avoid that people store illegal content
on the blockchain? And guys, I get it, I understand the code, I get that
OP_RETURN marks unspendable output. That means that the blockchain will be
valid, even if miners don’t store this data, the chain of transactions will
still be valid and I also understand that if you have some sort of interface
service that retrieves the data, it can have a blacklist and it can avoid
delivering this data. I get that it is solvable, but there are two problems here. (A) The messaging is all over the place. On one hand, it’s permissionless and forever.
On another hand, it’s blacklist-able and prunable. So which one is it? I think someone pointed this out in an article already. (B) It is not enough to have solutions discussed in tweets and documents and conversations.
There has to be a formal protocol that is implemented in the official
release that solves this. How many telecom systems do you think we would
have sold if we hadn’t implemented the Lawful Intercept interface? Zero. None. The world would have been a for nastier place, if we didn’t cater for criminal
justice and national security all these years. So there you have it. 1. Be polite. 2. Put your name behind your words. If you are not willing to do it,
how can you expect someone to risk their entire company and career and
everything on it? 3. There needs to be a formal protocol, part of the official release, that avoids illegal content storage. BTC does not have these
issues to the same extent. I feel that these are blockers – points that need to
be solved for BSV to fly. To be chosen as a technology, you generally have to
solve all your blockers, while maintaining your USP, Unique Selling Point. All right, that’s my advice. That’s the tough medicine to swallow for today. I hope it’s been helpful to someone. Larsson out. Ciao

11 thoughts on “BTC or BSV? I asked Swedish Enterprise.”

  1. Why is BSV so important to you and not Bitcoin Gosld or Bitcoin Red. Just another shitcoin that will be forgotten as years pass by. Revisit this comment in 5 years please.

  2. The points 1 and 2 are a non-issue.
    No company will make their decision based on debates of random people on social media.
    Only the appearance of people that are deeply involved in the development of the technology (BSV) really matters.
    And 99% of those people are already using their real names, like Jimmy Nguyen (nChain) , Ryan X. Charles (moneybutton) , Craig Wright (nChain) , Calvin Ayre (Coingeek ), Alex Agut (handcash), Steve Shadders (lead dev. nChain) and many more.
    Point 3 is indeed an issue that needs to be adressed in a clear and straight matter as soon as possible, i agree.

  3. Really nice video mate! πŸ˜‰ Welcome back. We need more people exactly like you in this space. I'm glad you decided to give it another chance.

  4. You fight fire with fire… you have to fight back. You cannot stay still and be polite when others are attacking you and use all kinds of dirty tricks against you.
    If those businesses (their owners) don't want to use BSV… others will. If they don't see benefit of BSV, others will and many already do. Eventually they will use it also.

    Having said that, BTC is useless, literally. Not even 1% of the 1% of the people can use it just once per day. That SegWit altcoin, which was intentionally crippled like that by people who work for the bankers who don't want to see Bitcoin system being usable (and why they hijacked BTC and crippled it) will die 100%, its just matter of time. No one will build anything on it (not anything actually useful and that just works) because nothing can be built on it, because there is no capacity for it, or functionality… and again… this is because Blockstream made it this way. BTC was not shitty the way it is now when it was first released, businesses did actually use it, and in 2017 they started dropping it because they saw first hand what lack of scaling does to it… and this is the end of it.

    BSV is not only the original Bitcoin, its the only one that scales and had the whole eco-system behind it… which is the the thing that matters the most. Who satoshi is doesn't matter, but because people are just too stupid and too lazy to look and DYOR, because they just follow what is most popular opinion, which is fabricated by the people who hijacked and crippled BTC (not them directly but indirectly, as they have people who work for them and do all this dirty work for them, which leaves them silent and secret behind the curtains and no one is paying attention to them)… and it is because of this propaganda in social media, that people do not pay attention to what CSW is saying… but if they knew that he is fact Satoshi, they would start to listen more carefully… that is how BAD your average Joe is… they are very easy to manipulate.

    BSV will win in the end, because on-chain utility is the only thing that makes PoW based blockchain work long term. Going off-chain means 100% certain death to any blockchain that has this done to them, and this includes BTC and LTC, and anything else that is going to have this parasitic Lighting and Liquid network attached to them. Lighting and Liquid are parasitic systems, and they created by Blockstream, for bankers, the worst parasites in the world after Monarchies (Monarchies control the bankers, they are their bankers).

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