People Notice The Value Of Utility
The planet is starting to catch on to the utility of cryptocurrencies beyond Bitcoin (BTC) and Ethereum (ETH). People are starting to learn that there are digital currencies that work fantastically for online commerce. And they like using them. A lot.
These surges come and go in waves. There is a lot of controversy throughout crypto, and the day-to-day is pretty wild as a result of that. Cases and stories like Sam Bankman-Fried don't help.
Some solutions, however, are finding their way. And they're doing great. All of this excitement you're seeing people catch up to today is the reason we accept currencies like Bitcoin SV with more coming soon.
After today’s BSV pump, I’m taking the family out for a fancy meal at Wetzel’s Pretzels.
— Kurt Wuckert Jr | GorillaPool.com (@kurtwuckertjr) December 27, 2023
WE DID IT, FAM! 🥨
Ok Koreans. What's the real story? Who tf is buying bsv?
— Orctep (@Orctep) December 28, 2023
There was apparently some news in the Craig Wright and COPA legal sphere today, and that news drove a lot of market emotion with people (mostly in Korea) acquiring a lot of Bitcoin SV. The coin realized over a 50% gain in value in a 24-hour period as people rushed to trade in their native FIAT currencies for the digital cryptocurrency.
The market has decided.
— Joe (@1BitKorn) December 27, 2023
BSV is the only chain that can handle all of the JPEGs. pic.twitter.com/XDtixVRwet
Ordinals and contracts and other advanced uses aside (such as storing all the JPEGs), Bitcoin SV remains a solid choice for online commerce as a valid payment method. Payment notifications are instant, transfers confirm fast, and the fees are incredibly low. Bitcoin SV (BSV) works for business today and we're proud to offer it as a payment method at Shing.tv and other DTP online properties to come.
For those who are catching up, Millions of daily transactions are now the norm on BSV does a great job explaining why BSV has the utility that BTC lacks and why BSV is able to deliver transfers with such low fees. It's all about the block size, and BSV's are huge. This allows many transactions to be processed at once for one cost, thus (dramatically) reducing the cost to each transaction.
The key in COPA v. Wright is a good read that helps explain some of the emotion we saw today.
That's a summary for why BSV works for business and BTC works for storing value and investing. We focus on business, commerce and utility here.
