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Hey Peter, that’s BTC, but not Bitcoin!

Now comes the difficult, nuanced part of this conversation. Bitcoin is an unbreakable protocol that implements a rule set in software. This software creates a network that writes to a distributed database. That rule set is unbounded, unbreaking, and set in stone. But it has also been the subject of a very long battle often called “The Bitcoin Civil War.”

After Mastercard created Digital Currency Group and bought nearly every important business, foundation, and development group in the bitcoin economy, they turned BTC into a dysfunctional network fueled by astroturf promoters leading a large band of unwitting cult members across social media. This cult reengineered BTC into being nothing but an investment asset in an attempt to front-run institutional investors as part of a pseudo-socialist call to remove wealth from the hierarchy and allocate it to people who think that all value is absorbed and that none is actually created.

But amid this “War on Bitcoin,” the network and the ledger were split into a few different versions. The most superlative of them is Bitcoin SV (BSV), which moved the original Bitcoin protocol away from this cultish madness. The people of the BSV economy restored the original programming language of the network and returned to the original game theory of the network: business usefulness as a tool for streaming data and money. Almost nobody realizes it, but Bitcoin was capable of exponentially more utility than is possible on BTC, and it has returned in BSV.

In short, Bitcoin SV restores bitcoin’s fundamental nature as a frictionless, digital, sound money system—and the “system” part is crucial. BSV emphasizes the value of the ledger as a record of increasingly valuable data, creating an entire economic system designed to replace not just simple financial tools, but all data and communications tools—including the internet itself!

> Hey Peter, that’s BTC, but not Bitcoin! >> Now comes the difficult, nuanced part of this conversation. Bitcoin is an unbreakable protocol that implements a rule set in software. This software creates a network that writes to a distributed database. That rule set is unbounded, unbreaking, and set in stone. But it has also been the subject of a very long battle often called “The Bitcoin Civil War.” >> After Mastercard created Digital Currency Group and bought nearly every important business, foundation, and development group in the bitcoin economy, they turned BTC into a dysfunctional network fueled by astroturf promoters leading a large band of unwitting cult members across social media. This cult reengineered BTC into being nothing but an investment asset in an attempt to front-run institutional investors as part of a pseudo-socialist call to remove wealth from the hierarchy and allocate it to people who think that all value is absorbed and that none is actually created. >> But amid this “War on Bitcoin,” the network and the ledger were split into a few different versions. The most superlative of them is Bitcoin SV (BSV), which moved the original Bitcoin protocol away from this cultish madness. The people of the BSV economy restored the original programming language of the network and returned to the original game theory of the network: business usefulness as a tool for streaming data and money. Almost nobody realizes it, but Bitcoin was capable of exponentially more utility than is possible on BTC, and it has returned in BSV. >> In short, Bitcoin SV restores bitcoin’s fundamental nature as a frictionless, digital, sound money system—and the “system” part is crucial. BSV emphasizes the value of the ledger as a record of increasingly valuable data, creating an entire economic system designed to replace not just simple financial tools, but all data and communications tools—including the internet itself!

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