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wp381640 · 6 years ago
Note that this isn't Bitcoin, it's built on Bitcoin SV - a fork created by known charlatan Craig Wright who claims to be Satoshi Nakamoto.
aboho · 6 years ago
Bitcoin is a protocol not a ticker symbol.
onion-soup · 6 years ago
Wrong statement. Both btc and bsv are forks. But the latter just follows the whitepaper while btc core introduced anti-patterns like block size or segwit.
BenoitP · 6 years ago
I'm confused, I thought Bitcoin XT was the one following the white paper. Or maybe it was Bitcoin classic. Or Bitcoin unlimited. But Bitcoin Cash was supposed to be the true one. Or BSV as you're saying. Or it was of course Bitcoin Gold.

I guess a requirement for being the one following the white paper is to take part of a fork with the Bitcoin "Core" chain.

volaski · 6 years ago
wow, trying to wrap my head around this thing. how does this exactly work?
dboreham · 6 years ago
Hmm: https://bitfs.network/about

This is an intellectual exercise, not a useful service. It's similar to those schemes for storing MP3 files in Google calendar entries, or whathaveyou.

The txn cost[1] to write any non trivial amount of data to the Bitcoin chain makes it a very expensive filesystem.

[1] around $0.06/byte

voodoosurfer · 6 years ago
Except your Google calendar entries can't be monetized in perpetuity. Remember, every file put on chain is linked to a wallet address. Imagine creating a viral meme and getting fractions of a penny each time it was re-posted somewhere. That's where this is all headed.
torusJKL · 6 years ago
The price for writing to BSV is currently 0.5 satoshi/byte. And some miners accept fees as low as 0.25 satoshi/byte.

At the current market price of BSV (USD 350) that is 0.00000175 USD/byte, or 0.001792 USD/KB.

voodoosurfer · 6 years ago
It works by embedding data inside of transactions. Really next level stuff, check this out:

https://github.com/unwriter/B

pat2man · 6 years ago
You can append a note to a bitcoin transaction, and that node could be a file. This app scrapes those files.
deepwaterz · 6 years ago
This is next level!!
bust_it_big · 6 years ago
prolific developer showing the power of building on bitcoin
mrzmrzmrz · 6 years ago
Another one!