1 Update, many parts, and a rant

in steemit •  5 years ago 

So I promised an update and it is long overdue but finally has arrived.
To start, the forking of BCH to BSV. Mr. Wright has been proven in court to not be who he claims to be, and that is Satoshi Nakamoto. For those that STILL follow the con-man, do your own research, it's public, unlike anything Wright claims is valid or true. So the BSV fork is just a damn shill that is completely absurd and a useless cash-grab since BCH was too much it's own beast from the beginning for his tastes. You can't become Satoshi, you are or are not-"there is no try"(Yoda).

Item number 2: Anytime a new project or social movement starts up, the social media forums explode with price speculation and useless crap. It's time to stop worrying about the fiat converted price. We need to switch to Satoshi values, or create our own. 1 LTC= 10 gallons of crude oil, or x pounds of foodstuffs, etc...By changing our view of value to purely crypto we change how adoption is goverened. Simply put, we must drop all fiat reconversion. By tethering BTC, ETH, and other top-cap coins to infinately inflatable fiat markets we only harm ourselves. We must stop cashing out, and only allow for cashing in. This can be implemented in a few different ways, theoretically. A series of smart-contracts implemented in cross-chain protocals can act as a multi-level security basket that creates a share-token or even mints a coin(scarcity value reminiscient of 42coin or DASH comes to light, supply less than BTC.) This makes a floating stable-point, which is counter-intuitive at first but makes sense if considering a locked ratio-based amount. Any coin with a decimal placement greater than 12 can scale the total value of the precious metals and gems in the world, so this becomes a matter of chain cost. In the end we would drop the useless and overly cheap chains, as the wealth is already concentrated in the top 20. New projects and adoptions that take off will have to have use and value that is backed by ground-breaking innovation. No more shit-coins, and pump-and-dump scams running rampant off ICOS.

On to the identity of Satoshi.....Who cares, really? Can't we all just be relieved it's NOT Craig Wright? I personally am satisfied, and can live happily with Satoshi not being known, for everyone's safety, and continued success of BTC.

To Mr. Lee of Litecoin. Why complain about how many developers are working on the thing? We have a good working product, really! We have Lightning Network running with Scrypt, allowing for very fast; secure, and cheap transactions. With only 4 times the total coin supply Litecoin stands as a true contender for decentralized adoption of use. Just finish up the privacy protocol options and let it sit for a while. It is less prone to Bitcoin's volatility than other chains, and is pretty stable in price from market to market, unlike other coins. And like Doge it is used to transfer wealth laterally and fairly evenly, like intended. So this to me seems like an analytical win for Litecoin.

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