Happy holidays. Instead of a BSV Weekly update, I want to provide the text of the holiday video message I published last week. I wish everyone a wonderful holiday season, as we look forward to a great 2019 for Bitcoin SV and Satoshi Vision.
I’m Jimmy Nguyen – from nChain and Founding President of the bComm Association. We’re dedicated to achieving a future of Bitcoin commerce – where Bitcoin is used globally by billions of people as the world’s new money, and by enterprises as the global public ledger of the future.
But we’ve just come through a challenging time in the life of Bitcoin, with the contentious November 2018 hard fork of the Bitcoin Cash network. From the Bitcoin SV side, I want to be clear that our fight was not just about a name or ticker symbol; our mission was always to defend and preserve the original Bitcoin. Bitcoin SV does that, and now will be its own permanent chain and token. Bitcoin SV is the rebirth of the original Bitcoin, designed to fulfil the Satoshi Vision.
Supporters of Bitcoin Cash and Bitcoin Core may see things differently. But it’s now holiday season, a time for peace, love and hope. And this new year is even more special, with the 10 year anniversary of the Bitcoin blockchain. So let’s all turn the page, and move forward. In the words of poet John Ashberry “And so we turn the page over. To think of starting. This is all there is.”
So let’s truly start again with Bitcoin SV. To begin, I want to take this moment to tell everyone that Bitcoin SV is open for business. And the BSV ecosystem is open for everyone to join, whether you supported Bitcoin SV before or not.
Bitcoin SV will fulfil the Satoshi Vision with a clear, focused roadmap: restore the original Satoshi protocol, keep it stable, and enable it to massively scale for global adoption and enterprise usage. BSV will maintain the carefully balanced economic incentive model that is Bitcoin’s genius. And BSV will have an ecosystem that is regulation-friendly and recognizes business needs to operate in a real world of laws.
That’s why BSV is open for everyone.
If you are an application developer who wants to build projects on Bitcoin, Bitcoin SV is open for you. Unlike other Bitcoin projects, BSV will give you a stable protocol, not a developer experimental playground for protocol changes. Bitcoin SV will give you a rock-solid foundation, not moving sand, so you can comfortably build.
If you are a big business who wants to build enterprise-class blockchain applications, Bitcoin SV is open for you. In addition to a stable protocol, Bitcoin SV will give you a massively scaled network to process huge transaction volumes. We know that’s what big enterprises want to see before they devote time and huge resources to build projects on top of the Bitcoin blockchain. For companies in every industry, explore how BSV will help you launch new business models and truly unlock the power of blockchain technology.
If you are a miner, Bitcoin SV is open for you. We understand the urgent need to scale, in order to sustain the mining industry. In the year 2020, the Bitcoin block reward will halve again from 12.5 coins to 6.25 coins. It will halve again every several years after that. For miners to stay profitable, they need to make up the lost block reward value through higher volumes of transaction fees. That means we need much bigger blocks, to fit large numbers of increasingly diverse transactions – not just simple payments, but token, smart contract and a wide array of data transactions. BSV intends to massively scale to gigabyte size and one day, terabyte size blocks. BSV will be the world’s global public ledger, processing billions of transactions a day, and earning miners revenue for years to come. So please come mine with us on Bitcoin SV.
And if you are someone who simply believes in Bitcoin, Bitcoin SV is open for you. The other Bitcoin projects – Bitcoin Core and Bitcoin Cash – have abandoned Bitcoin’s core design and principles, and the thing that really makes Bitcoin Bitcoin: it’s unique economic incentive model. That leaves BSV as the only original Bitcoin, here to fulfil the Satoshi Vision.
Bitcoin SV is open for business, for everyone in the Bitcoin ecosystem – whether you are an exchange, merchant, wallet operator, payment service provider, application developer, big enterprise, or curious consumer. So in this moment, as we turn the page over, to think of starting, I welcome everyone to join and say “We Choose SV.”.
I wish you all a happy holiday season, filled with much peace, love and hope. And for the new year, I wish you a wonderful gift – the gift of Satoshi Vision.