Projects that strive for anonymity are removed from exchanges. Do you know what path BTC follows? Do you know why the BTC community calls Bitcoin SV a scam?
Is BTC legal? Does it fulfill the assumptions of the creation of Bitcoin from the White Paper? Bitcoin was to be a global public financial system. There was no mention of anonymity. The system was to be private but not anonymous. Anonymous money flow favors criminal activities. What broke BTC?
Certainly SegWit. Do you know what this change introduced in 2017 is and what are its consequences? This change resulted is removing signature data from Bitcoin transactions. This marks BTC's first step to becoming a private coin. The introduction of further levels of legal regulations such as AMLD5 in the future may result in the recognition of BTC as illegal. Before the introduction of SegWit, the chain was split and BCH remained Bitcoin in accordance with the law containing signatures saved in the block. The second split occurred a year ago because BCH developers wanted to implement their another changes aimed at changing Bitcoin Cash into a private coin. The resulting Bitcoin SV is today the most lawful form of Bitcoin and the nearest white paper: ''Bitcoin: A Peer-to-Peer Electronic Cash System'' not a store of value.
The second BTC problem is Lightning Network. The block size maintained in the main protocol by developers is still 1 MB, which limits the number of transactions that Bitcoin can process to 7 per second. Instead of enlarging blocks so that all data is stored on the main chain, they propose a system that opens anonymous payment channels, making BTC a private coin. Lightning Network transactions are a problem for exchanges requiring KYC and AML. Exchanges will not be able to enter into Lightning Network transactions because they will not be able to confirm the origin of the funds deposited. This is a serious problem that is not discussed. LN will be illegal in Europe with the AMLD5 directive.
As you can see, BTC has introduced 2 code changes that make it a private coin. This allows money laundering and crime financing. So BTC chose the anti-government path. Do you think that the growing level of cryptocurrency market regulation will lead to BTC being declared illegal? The opposite of BTC is BSV, which proposes assumptions contained in the White Paper, giving a public payment system without anonymity. Don't you think that only compliance with the law makes sense? If Bitcoin is to be used globally, it cannot be conducive to criminal activities. The coming year will be crucial for the market. Follow the case of the Binance exchange, which was the first to cancel BSV and is the largest BTC empire in the world. Remember, the truth is hidden on the internet. This what you get is often crowd manipulation. Why no information was provided about the BSV conference with lawyers and representatives of the Swiss government: '' Blockchain Technology and the Future of Law '' of October 24 in Zurich. I don't paste links. Find it yourself.
I do not advise anyone to buy BSV. Decide for yourself which page you choose.
Note: This article does not constitute investment advice.
Is BTC legal? Does it fulfill the assumptions of the creation of Bitcoin from the White Paper? Bitcoin was to be a global public financial system. There was no mention of anonymity. The system was to be private but not anonymous. Anonymous money flow favors criminal activities. What broke BTC?
Certainly SegWit. Do you know what this change introduced in 2017 is and what are its consequences? This change resulted is removing signature data from Bitcoin transactions. This marks BTC's first step to becoming a private coin. The introduction of further levels of legal regulations such as AMLD5 in the future may result in the recognition of BTC as illegal. Before the introduction of SegWit, the chain was split and BCH remained Bitcoin in accordance with the law containing signatures saved in the block. The second split occurred a year ago because BCH developers wanted to implement their another changes aimed at changing Bitcoin Cash into a private coin. The resulting Bitcoin SV is today the most lawful form of Bitcoin and the nearest white paper: ''Bitcoin: A Peer-to-Peer Electronic Cash System'' not a store of value.
The second BTC problem is Lightning Network. The block size maintained in the main protocol by developers is still 1 MB, which limits the number of transactions that Bitcoin can process to 7 per second. Instead of enlarging blocks so that all data is stored on the main chain, they propose a system that opens anonymous payment channels, making BTC a private coin. Lightning Network transactions are a problem for exchanges requiring KYC and AML. Exchanges will not be able to enter into Lightning Network transactions because they will not be able to confirm the origin of the funds deposited. This is a serious problem that is not discussed. LN will be illegal in Europe with the AMLD5 directive.
As you can see, BTC has introduced 2 code changes that make it a private coin. This allows money laundering and crime financing. So BTC chose the anti-government path. Do you think that the growing level of cryptocurrency market regulation will lead to BTC being declared illegal? The opposite of BTC is BSV, which proposes assumptions contained in the White Paper, giving a public payment system without anonymity. Don't you think that only compliance with the law makes sense? If Bitcoin is to be used globally, it cannot be conducive to criminal activities. The coming year will be crucial for the market. Follow the case of the Binance exchange, which was the first to cancel BSV and is the largest BTC empire in the world. Remember, the truth is hidden on the internet. This what you get is often crowd manipulation. Why no information was provided about the BSV conference with lawyers and representatives of the Swiss government: '' Blockchain Technology and the Future of Law '' of October 24 in Zurich. I don't paste links. Find it yourself.
I do not advise anyone to buy BSV. Decide for yourself which page you choose.
Note: This article does not constitute investment advice.