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According to the former head of Red X cryptographic business become Ryan X. Reddit, there are only two options left for the future of Bitcoin, especially Bitcoin Cash-spinoff Bitcoin SV – it reaches highs astronomical, or even nil. To illustrate his point, published the following tweet Friday. He seems to have decided that of the two networks coming out of the BCH hard range, he was on the side of Bitcoin SV (BSV).
Two long-term possibilities:
1. All cryptos go to zero.
2. BSV goes up to one million US dollars per piece and all other cryptos go to zero.
Only BSV has an economy that works in the long run. But even BSV will fail without massive growth.
Adoption takes precedence over everything. https://t.co/6Yl6J1YaKJ
– Ryan X. Charles (@ryanxcharles) November 23, 2018
Although there are of course many possibilities for the future of crypto-currencies as a whole, and certainly a lot of future for all versions of Bitcoin, the actual message of the tweet of the founder of Yours.org lies in the last word: "Adoption takes precedence over everything."
Yours.org One of the first services launched on Bitcoin Cash
Charles had long advocated for larger blocks in the Bitcoin network, believing that the ability to simultaneously process millions of transactions was critical to Bitcoin's long-term success and viability. It was only when Bitcoin Cash was put into production that he thought he could launch Yours.org, which requires chain payments for users to read the content – payments not exceeding one penny being treated regularly. . Yours.org looks like WordPress.com or a hyper-monetized site, without having created its own chain of blocks, as Steemit did.
In an interview with CoinGeek, he said:
"Something that the nChain and CoinGeek groups understand, it seems, seems to have been overshadowed on the ABC side, it's the urgent and urgent need to expand right now."
After leaving Reddit, Charles listed for a moment, floating the idea of creating a decentralized version of the social site, but eventually resulted in the creation of Yours.org. More recently, he has been actively involved in a Bitmain secure payment project called Money Button, which allows websites to easily accept cryptocurrency payments.
It is important not to sensationalize statements such as "Reach A Million USD". While many believe that various cryptography tokens may have such high values in the distant future, Charles' main point of view is that scaling and adoption are critical to success. Bitcoin – whatever the version. As such, he chose Bitcoin SV as his dog in the race, because he thinks that the latter is best equipped for breeding.
Time alone will tell us which resizing strategy works best, but in the Bitcoin world, three visions compete: Bitcoin Core's off-line resizing, Bitcoin ABC's cautious reshuffling, and aggressive Bitcoin string resizing. . SV.
CoinGeek / YouTube Featured Image
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