Let me be clear, Bitcoin is still the most dominant crypto; however the growing cryptocurrency ecosystem is making BTC look relatively more insignificant. In this opinion piece I will try to dissect some of Bitcoin’s characteristics, and reveal some of the areas where BTC fails to meet some of the expectations that especially BTC Maximalists have, for the first and most popular cryptocurrency.
I will also present some cryptocurrencies that I believe can either 1. take Bitcoin’s place, or 2. …
BSOV (BitcoinSoV) is a PoW-mineable and deflationary-by-design cryptocurrency, which was created by an anonymous founder called “Mundo”, and started with no premine or dev-fees. It is an ERC20+ERC918 Token which is 100% governed and run by its community. BSOV has many similarities with Bitcoin (BTC), but has a unique deflationary aspect, which is that 1% of every on-chain transaction is burnt/destroyed forever. The theory to BSOV’s deflationary mechanism, is that the token holders are incentivized to hold, instead of moving, transacting and/or trading, which rewards long term holders by making their proportion higher in relation to the others — Quite…
Investopedia.com answers this question in the above link to their article, among the other answers: There is one extremely important answer.
Answer: “The cost of producing a bitcoin through the mining process.“
The Bitcoin Miners do not want to sell their mined BTC with a loss, so their reluctance to sell at a low price drives the BTC-price upwards. As long as BTC’s Mining Difficulty rises, the intrinsic value of BTC will rise, as well as the cost of attacking it.
Just like Satoshi Nakamoto, there is another unknown founder who has let the Cryptocurrency Community take control of a powerful idea that he or she created.
BitcoinSOV (BSOV) is a Proof-of-Work mineable and deflationary-by-design ERC20 Token which relies on the security provided by the Ethereum blockchain. The BSOV smart-contract was deployed the 17th of June, 2019, and as per writing this article, it recently went through its 1-Year Anniversary. You can read more at the BSOV Timeline which you can find in the community-made website at bsov.io.
While Bitcoin (BTC) is classified as a Cryptocurrency, BSOV is classified as a…
(Updated: 24th of March, 2020 — First published: 14th of March, 2020)
Deflationary cryptocurrencies are characterized by having a portion of a transaction destroyed or burnt, when sending on-chain transactions. This mechanism makes the circulating supply lower, therefore making the currency or commodity designed to be deflationary, and not inflationary, nor dis-inflationary.
You can talk about deflationary cryptocurrencies in the DeflationaryCoins Telegram chat.
These cryptocurrencies or crypto-commodities below are approved in the DeflationaryCoins chat.
Benjamin Cowen’s brains and mathematical abilities may come to good use when he calculates risk for buying or selling cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). He zooms out and looks at how they have performed in the past, and over long periods of time.
This is how he describes his channel:
“This is the place to learn about macro-level moves in the cryptocurrency markets, and better understand how to build a portfolio to match your own risk/reward goals. We focus on developing and understanding data science models to understand fundamental shifts in the market.”
It may be safe to…
The time is 2:24AM at night, 17th of June 2019.
The Ethereum network receives a transaction into its mempool.
An anonymous person with the pseudonym “Mundo” has deployed a new smart-contract.
Mundo created a mineable currency which is deflationary by design, and which is owned and driven solely by the community.
Mineable by work.
Committed by community.
Deflationary by design.
Mundo created BitcoinSOV (BSOV) — The community progressed it.
This puzzle involves simple communication with an ethereum smart-contract. You can learn everything you need to solve this puzzle by reading information on the https://SovCube.com website.
(SCROLL DOWN TO SEE THE UPDATE FROM 1st of NOVEMBER, + 8th NOV: THE LOGO VOTING RESULTS + THE CRYPTO PUZZLE (WIN 10,000 BSOV)
Hello! I am Rouse, and I’ve been contributing a lot to BitcoinSOV (BSOV) the last couple of months. I’ve recently been appointed to one of the “Crowd controllers” a.k.a “Admins” in the BitcoinSOV telegram group, and I’m currently a representative for BSOV in the Deflationary Coins telegram group.
I want to provide an update about the happenings in November, 2019 for BitcoinSOV.
This is one of my shower thoughts and opinions.
What is your opinion?