I've come to the realization that Calvin's fallacy is the biggest misunderstood caveat in the BSV drama. Everyone is focusing on CSW. Sure, people who did their research know that CSW fabricated documents, bitcoin addresses, doesn't understand programming etc. However, this is where the fallacy lies. "Because CSW is a fraud, BSV will go to zero". "Because CSW lied, he'll fail". They forget that everything (including CSW himself) is funded by Calvin. They forget that Calvin Ayre is actually, provably RICH. The Satoshi affair goes back to 2015 and Calvin was already at the center of it. As a PR man himself, he's putting great efforts into marketing, partnerships, buzz, bribery. This fallacy actually helped many low IQ people to pull a Homer and get good gains: they believed it's Craig who's the genius, when in reality they invested in crafty salesman Calvin. Unfortunately, many people with an above average intelligence were left behind because they fell for Calvin's fallacy: they only looked at Craig and disregarded Calvin. Finally, only the shrewdest, wisest people could see the whole picture and benefit from it.
Calvin's fallacy
I. Don't. Care.
hide yo kids from calvin and bsv
Technically speaking, BSV has no way to handle block propagation. They refused to accept CTOR so they won't be able to utilize thin blocks, graphene, or other malleability fixes in the future.
Having 2 GB blocks doesn't mean anything if it takes 2 hours for it to propagate
That's a great point. I'll admit that when the shills started shilling en mass a month ago, I just got mad and ignore this possibility. But even in hindsight, assuming you wanted to invest in Calvin, how were you supposed to know he hasn't dumped his bags yet? He can't keep up this charade forever, and if you buy after he had dumped, that's another bag to hold for eternity.
BSV won't take off because the negativity towards CSW overshadows everything. The same way Bcash never got anywhere because of the hatred for Roger Ver
Once the network is large, there is an incentive for nodes to watch the validation times and propagation rates of blocks across the network. Once this occurs, they can start monitoring the time of discovery versus the time of propagation for blocks and then set limits on what they will produce versus what they will build on.
With 1 billion people or families seeking to earn money from their node using a sequential algorithm, no party can expect a return. It becomes a pure lottery. Basically, everyone in the world runs a node with the vain hope of achieving a rare lottery win. Without delving into the plethora of dystopian novels based on the concept of a society that slaves as sheep to fulfil another’s destiny with the hope of one day winning the lottery and getting out of the grind, we can start looking at this further. Such a version of Bitcoin becomes the classic problem of the tragedy of the commons; if I need to propagate the blocks of every other user and I do not expect to win, why would I want to?
lmao they said the same about 32mb blocks and then 128mb blocks
do you think that shit is insightful? its all well known.
and for your last sentence, those people know to stay away from a market that is 100% manipulated by a small group of people. smart and wise people do not gamble
This is what the haters said about 23mb blocks. "Would never propagate." Meanwhile back to back 128mb blocks are propagating fine. The testnet is running 2gb blocks fine as well.