Several violent pulls, "religious worship", do you dare to get on the BSV car?
On the 10th, BSV rose by as much as 280%, and the highest price was 251 US dollars, squeezing out USDT, and its market value rose all the way to the eighth place in the world's digital currencies. In the early hours of yesterday, the digital currency market pulled back across the board. As of press time, BSV was quoted at $180.
For a while, BSV, which had been silent for a long time, returned strongly.
The last highlight of BSV was the BCH hard fork in November last year. At that time, CSW (alias "Ao Ben Satoshi") led the development team and a large mining pool to attack the power holder of BCH, and separated Bitcoin Satoshi Vision (the original Bitcoin) through a hard fork, that is, BSV.
In the past six months, apart from CSW’s identity still stealing the spotlight, BSV’s community development and network maintenance seem to have lost the consensus of the majority. Zhao Xuchu, head of OK Market Research, called it "contrary to the mainstream opinion in the currency circle." Even the rise is different from other mainstream currencies.
"This ticket is too demonic." BSV "Air Force" members commented.
secondary title
Doubled in 2 hours, "This ticket is too demonic"
"The latest opportunity is to wait for BSV to go short after it gets tired." At noon on May 22, Huang Chunzhi "respected" his friends in the commonly used currency speculation group.
Fang Liang, a group friend, immediately objected: "Looking for death, short BSV. Binance's delisting has pushed BSV down. Now it's time for BSV to go up."
Another "air force" Yang Fu stood up and refuted Fang Liang, "I shorted BSV last night, what happened? The price also dropped from 130 US dollars to 100 (US dollars)."
Seeing that there was a disagreement, Fang Liang had no choice but to let him go: "You just took a callback. Then you continue to hold it, don't be flat."
Just 16 hours before this conversation took place (19:45 on May 21), BSV had a round of violent pull. Within 2 hours, BSV rose rapidly from $61.89 to $175.74, reaching a peak of $195, with a short-term maximum increase of 215%.
"Even if the market has been improving recently, for a top 20 currency, a 2-fold increase is still unimaginable." Huang Chunzhi said.
On the evening of the 21st, after eating, Huang Chunzhi was enjoying the cool on a bench in the park. After receiving a notification from his mobile phone, he opened it and then contacted a partner to buy BSV. The investment amount was set at 20% of the company's assets.
Huang Chunzhi co-founded a company called ONEBTC, which specializes in digital currency quantification business. The news that Huang Chunzhi saw was exactly the controversial "Aoben Satoshi applied for a Bitcoin white paper patent in the United States".
On the 21st, foreign media Coingeek announced that Craig S. Wright (CSW, alias "Ao Ben Satoshi") has obtained the US copyright registration of the original Bitcoin white paper and most of the original Bitcoin code (version 0.1). That is to say, the U.S. Copyright Office recognizes Satoshi Auben as the author of the white paper and code.
At this time, Huang Chunzhi thought to himself that the market value of BSV ranked 12th to 13th. There was no movement when the currency market rose sharply a few days ago. BCH, which was originally born on the same root, has also risen for several rounds. BSV should make up for it. Therefore, Huang Chunzhi increased the leverage by 10 times to go long (buy BSV to increase).
"At first I just wanted to take a supplementary increase. Usually an increase of 20 to 30 points is enough, but it (BSV) rose from US$60 to US$110 in a short period of time. It almost doubled, and I started to lose my mind again." Huang Chunzhi Tell Odaily.
In Huang Chunzhi's view, CSW's application for the patent of the Bitcoin white paper is simply "nonsense".
"If Satoshi Ao Ben wants to prove that he is Satoshi Nakamoto, it's over with the private key. Why do you do such a boring thing. I don't think this thing can last."
Based on this, Huang Chunzhi quickly closed his position when BSV was $110, and opened a wave of short orders backhand, buying BSV and falling to $90.
Helpless, BSV still turned around and went straight up. After losing nearly 100 points, Huang Chunzhi closed his position and stopped the loss.
"This ticket is too demonic." Huang Chunzhi shook his head.
By noon on the 22nd, BSV had pulled back from a high of $175 to $115, and Huang Chunzhi once again had the idea of shorting, "$60 has risen, how can this news be maintained after the news has passed." Thus, coin speculation occurred. The debate in the group.
secondary title
"Pull" rumors are flying
From 13:00 on May 29, BSV rose all the way from around $117 to around $190, and rose again after a short period of sideways trading, reaching a record high of $237, an intraday increase of more than 120%.
And the market value of BSV is no longer satisfied with being outside the top 10, and began to approach BNB, squeezing out USDT.
Currently, BSV has a market cap of $3.3 billion, ranking eighth in the global cryptocurrency market cap list.
If the surge on May 21 was driven by the benefit of "obtaining a patent", then what is the reason for this increase? There are many rumors of BSV leading the team to pull the market.
For example, a self-proclaimed "old cat" knowledge Odaily "star master" said that the rise was affected by a piece of fake news.
A screenshot of the news from Bi Niu Niu wrote, "Satoshi Aoben transferred 50,000 bitcoins from the largest address of BTC to Binance, which also confirms that Satoshi Aoben is Satoshi Nakamoto." A few hours later, BiNiuNiu refuted the rumors and said that there was no such news. But during this period, BSV did rise by 10%.
There is also a technical analysis of the BSV team's "pull". Cobra, the founder of Bitcoin.org, the official Bitcoin forum, tweeted that the delisting of BSV by large exchanges some time ago will only make it easier for its "leaders" to "pull" and artificially increase the number of small exchanges with less trading volume. Its value, thus invalidating the reasonable price mechanism.
Some people attribute the rise to the BSV conference held in Toronto, Canada on May 29, which can be regarded as the effect of "every meeting must rise".
secondary title
BSV will dig 10G large blocks into a positive
According to public information, the Toronto BSV conference was hosted by Coingeek and lasted for two days. The conference mainly focused on topics such as "BSV development update node" and "BSV extended test network STN". Among them, the BSV test network STN dug out a large block is quite topical.
BSV will conduct a protocol upgrade called "Quasar" in July. This upgrade focuses on capacity expansion, and STN is testing the updated code.
According to Bitcoinscaling data, STN recently dug up 6 blocks over 1 GB. The two largest blocks are 1.4 GB, and a single block can contain 350,000+ transactions (a Bitcoin block contains about 2500-3000 transactions).
Not only that, BSV can accept a block size up to 10 G after the upgrade (but the default block size is still 128 M). Of course, in order to increase the speed of large block transmission, etc., the node only receives the header of the block (ie block header, block header).
There are mixed opinions on this in the circle. People in traditional blockchain circles generally think this is too exaggerated, after all, the block size of Bitcoin is only 1MB.
The supporters of BSV naturally have another style of painting, "It's amazing, BSV directly uploads 10G blocks, and 10G blocks can put all the top 100 companies in the world on the chain. The future has come. "A BSV supporter (they also call themselves "BSVer") was running around in the group.
"No cap will be realized in the first half of next year, and the block size will be set by the miners themselves." Zhao Xuchu added.
If performance can be accelerated by increasing the size of the block, why are many public chain developers still working on solving the "public chain impossible triangle" for a long time?
In other words, increasing the block is probably not a perfect solution, and it also introduces new problems when solving the expansion problem.
secondary title
High centralization is the deepest problem
The centralization problem of the development team is more or less common in every public chain, and BSV is no exception.
The development of BSV is almost done by a team, that is, professionals employed by CSW and nChaing companies. CSW, who calls himself "Satoshi Nakamoto", not only did not open source the technology, but applied for a large number of patents related to digital currency, including "taking the open source Bitcoin white paper and most of the original code as his own" some time ago.
In addition to this, the miners who maintain the BSV network are also very concentrated.
BSV mining pool share ranking in the last 7 days, data from coin.dance, 2019.5.31 16:00
As can be seen from the figure above, the top five mining pools for BSV are Coingeek, SVPool, Poolin (Coinin mining pool), Mempool, and BMGPooL. Among them, except for Poolin, other mining pools strongly supported the BSV scheme and CSW at the time of the BCH hard fork.
Among them, Calvin Ayre, the actual controller of the Coingeek mining pool, is the Australian casino tycoon and billionaire Calvin Ayre.
Calvin Ayre is a close friend of CSW and has supported CSW since their "debut". Currently, it has 26.2% of the computing power (the highest) of the entire BSV network.
As for the fourth place, the founders of Mempool are also loyal supporters of CSW. The combined computing power of these two mining pools has reached 40%. No wonder, Liu Ye, one of the founders of the BSV Chinese learning community, claimed: “There are three miners on BSV, CSW, Calvin Ayre and Mempool.”
Why doesn't Liu Ye recognize other miners? In Liu Ye's view, those machine gun mining pools that are constantly shifting their positions (which coin makes money to mine) have insignificant impact on the network. Just like a Bitcoin Holder, if you don't have faith, you will get off sooner or later, and it doesn't matter to him when the bull market comes.
And indeed it is. On May 30, when the price of the currency skyrocketed, due to the entry of the machine gun pool, the BSV computing power hit a new high in nearly half a month, rising by more than 65% in 24 hours. But as the price of the currency fell, the menacing army of computing power left immediately.
One is the centralization of computing power, and the other is that the long-term computing power of the BSV network is small, and there is a threat of encountering a 51% attack.
secondary title
Exploring the "BSV Learning Group"
The continuous rise of BSV has attracted many people who have not bought BSV before.
"To be honest, buying BSV is better than buying a copycat. This is safer than a copycat and has the potential of copycats." A member of the coin speculation group commented.
Group friend B also agreed, but couldn’t accept CSW, the leader of BSV, “The way is good, but the people are wrong. If God V is involved in BSV, I will support it.”
There is also a group friend C who stepped into the "BSV learning group" with half a foot, and he couldn't laugh or cry, "I feel like I'm going to be brainwashed."
"Being brainwashed and making money, this is a good pyramid scheme, haha." Group friend A joked.
A simple statistics of the ups and downs of BSV shows that it can often rise quickly in a short period of time, but it falls slowly, and the price has dropped to a low level of around $60 several times. For some currency holders, it is indeed considered a "potential currency" among mainstream currencies.
Odaily according to Coinmarketcap data, 2019.5.31 12:00
Of course, if you want to get on the BSV car, you have to talk about the rather mysterious and self-contained BSV community. At the time of the BCH hard fork, supporters of the BCH ABC version (now BCH) called it a "religious" belief. With some curiosity, Odaily visited this community.
First of all, Mr. Odaily asked a BSVer for advice. His attitude towards the media is rather negative. "Domestic media's understanding of BSV is 0." When Odaily said that he wanted to learn more, he said, "Don't talk about it, the time cost is too high, and there is no benefit. But you can learn in groups."
So Mr. Odaily added a BSVer recommended by him in charge of operations. After she knew that Odaily wanted to understand the intention of the community, she enthusiastically recommended several KOLs in the BSV Chinese community to Mr. Odaily. There are full-time personnel who study BSV technology, compliance and overall direction, and their roles are complete.
At the same time, Mr. Odaily also joined the learning group recommended by operating BSVer. The chat style in the group is like this.
A practitioner who claimed to be in the fitness industry said his city and job.
Then, a group friend replied that the gym is not as valuable as BSV.
BSVer in the fitness industry agrees, "Yes, but fitness is a good way to spend time."
The group of friends also agreed, "Physical exercise is good to watch the development of BSV. At least live until BSV is worth 1 million US dollars."
After Odaily Jun entered the group, many newcomers came in one after another. Therefore, an old group member posted this notice for newcomers: Recently, there are a lot of newcomers, most of whom are confused by the price increase. Here I recommend it to Some learning materials for everyone: 1bsv.cn, hiblockchain.io, bitsv.club, you will learn a lot after reading the materials. First of all, BSV is a bitcoin adhering to the vision of the original Satoshi Nakamoto, and has a unique and sincere development route. It is clear that this can distinguish her from many forked coins; secondly, she has intrinsic value. It is not the legendary Ao Bencong who pulls the market to cut the leeks, so that the rise can be distinguished from the pull.
This remark, the operation BSVer also said to Mr. Odaily alone, is a bit like a brainwashing slogan for swiping the screen.
Finally, Odaily also communicated with Liu Ye, one of the founders of the BSV learning community.
Judging from the profile picture on WeChat, Liu Ye is a slim lawyer working in his 30s or 40s. Do my job during the day, and take time to compile CSW articles at night. According to him, in the past two or three months, he has translated nearly 200,000 words of content.
Liu Ye said that he came into contact with BCH and CSW in 2017, "From the very beginning, I believed that he was Satoshi Nakamoto." Based on this, Liu Ye did not believe that CSW would pull the market to cut leeks, "He already has so many bitcoins." How could you do such a thing?"
Regardless of whether CSW is Satoshi Nakamoto, there is no doubt that CSW needs money. According to online public information, in 2014, Ao Bencong encountered a career crisis and incurred huge debts, and thus met his later supporter Calvin Ayre. Does "Satoshi Nakamoto" have money if he has coins? No, there is still a debt crisis if there are coins that are not sold.
As for why the price of BSV currency will rise, Liu Ye said that this is the "emergence of consensus". Xiaobai Leek is waiting for the news, while professional capitalists and big Vs are manipulating the news. Others make arrangements to increase the price a bit, and a consensus on price increases emerges.
So, who are these professional capitalists and big Vs? I'm afraid Liu Ye doesn't know either. Because Liu Ye said that he does not speculate in coins, and even feels disgusted.
"There are many people in the group who discuss currency speculation every day, so they are kicked out. Exchanges and currency speculation are boring products, and there is nothing wrong with some exchanges delisting BSV." "What BSV needs are builders. For businesses related to BSV, those who want to speculate stay away from BSV.”
"In the future, BSV will gradually eliminate various digital currencies such as BTC, and then move to dollars, euros, pounds, etc. in the real world. It will become the cash that people use every day, just like you are holding dollars, do you have the ability to speculate? ?” Liu Ye said.
So how can ordinary people "participate in the construction of BSV"? Liu Ye shook his head again, "Geniuses are doing things, and most ordinary people don't need to do anything special. After the company joins BSV, 100 people in the company will join in, and this will also reduce the cost of promotion."
"Finally, BSV is changing human civilization." Liu Ye added.
Liu Ye is just one corner of BSVers. We can't judge the right or wrong of its values, but based on such consensus BSV, would you get on the bus?
