Bitcoin maximalist on the sidechain RSK. Bitcoin Cash solves both BTC and ETH issues.
I was listening to a community call-in the Sovryn SOV youtube channel, and I heard something that picked my interest. John Carvalho was the person speaking in the podcast. He pretty much stated that utilizing sidechains is not using Bitcoin at all and that those networks are different from Bitcoin and that pretty much are confederated or private networks where individuals give up their freedom to use Bitcoin in exchange for using a network that, at best it competes with Bitcoin. You can listen to the video yourself, don't trust verify.
In the video call, even scaling was mentioned, and even the blocksize was discussed again. It looks like Sovryn developers know that the Bitcoin community is against their project and that maxis don't really approve of the sidechain and that they only see Lightning Network as the solution, even when they point out the issues that LN has, not just because custodians but because at times you can the attack the settlement process.
If Bitcoin maximalists think like John, I would assume all other sidechains that are not LN are being censored or are about to be censored in all Bitcoin social media accounts where maxis have admin privileges.
I have noticed that Sovryn is tanking hard, and it reminds me of Bitcoin Cash BTC charts; it seems once maxis don't like your project, they can naked short it on exchanges. Of course, that is my speculation regarding the decline in SOV price, even when the market has recovered. I am speculating this way because I have seen how BCH has been manipulated below 0.008BTC, and I think the same thing is happening to SOV, but I can be wrong.
If Bitcoin maximalist doesn't like their projects that use their network, I admit it with tradeoffs. There is no hope for anyone trying to build within the BTC ecosystem. Maxis only cares about growing the list of custodian LN accounts like Chivo bank.
Sovryn will have to fight an uphill battle to prove itself against the maxis, but in this regard, all altcoins are doing the same. And if it comes to establishing yourself, SmartBCH will have a better opportunity to show off just that because it will show that BTC maximalists are wrong and ETH maxis.
Bitcoin Cash is scaling by increasing the block size to be cheap without a custodian like most LN implemented. SmartBCH solves Bitcoin's Smart Contract limitations by creating what ETH does in a sidechain with more reasonable transaction fees. Pretty much Smart Bitocin Cash is the answer that both ETH and BTC maxis don't want you to know because if people realize they have a better Bitcoin, their number goes up scheme goes out the window.
I did post my ideas on a Sovryn Telegram group, and I will also repost what I wrote there in this article.
Because Sovryn is destined to fail as long as BTC maxis think that using RSK is using something else rather than Bitcoin like in the last community call, if all BTC OG's think like John Carval, RSK is destined to fail.
Now I know why no one builds on BTC because of people like John Carval, and that is why ETH has taken over and pretty much admitted that block size is the way to scale if you want utility out of Bitcoin.
And that call made me realize that Bitcoin Cash and SmartBCH may have an opportunity if we compared RSK to SmartBCH, and people like John can't get around the idea people want to use crypto for more than numbers go up.
I guess Sovryn SOV should consider adding the code to SmartBCH if people in the BTC don't appreciate SOV. Now I know why the BTC camp is full of censors and censorship to prevent ideas that are not number go up only.
It wouldn't surprise me if r/bitcoin censors any sidechain content because people may think RSK is not bitcoin but a permission second network that it is not BTC.
If John is any proof of the state of maxis, your statement will be wrong. And if maxis don't like your project, they can manipulate it to zero by naked shorting it on centralized exchanges. I guess Sovryn will have to fight just like any other altcoin because BTC maxis won't support it even if the idea is trying to help BTC be more helpful.
Satoshi only imposed the 1MB limit to protect against DDoS, and he left instructions on how to increase the block size; what Satoshi wrote is no longer critical because he is not around. What matter is that if people with larger supply decide that sidechains are not Bitcoin, your sidechain is destined to be just another altcoin, and as such, why pay the fees to miners and just better off being an altcoin directly
The hope for Sovryn will be to probe itself to force the hand of maximalists at this point. In other words, prove them very wrong, just like ETH did.
But if it comes to pointing someone wrong, BitcoinCash will show to both ETH and BTC that both were wrong if we admit that 1MB blocks are inadequate, and that more space is needed. Not to mention 20TB hard drives cost now less than $300, and a 200mpbs internet connection costs $100 or less.
So I would invest my money into RSK and SmartBCH. Just in case one project can prove up to the other in the future.
And now I have yet another article to write on ReadCash because what I express today in this telegram is what I will write in my next article.
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