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Bitcoin tradeoffs
Bitcoin tradeoffs

Coin Geek

time2 days ago

  • Business
  • Coin Geek

Bitcoin tradeoffs

Homepage > News > Editorial > Bitcoin tradeoffs Getting your Trinity Audio player ready... Spend enough time in the blockchain world, and certain dogmas begin to sound like laws of physics. Everyone should be able to run their own node. Initial sync times should be quick. The more nodes, the better. Your wallet should 'just work,' pulling balances from thin air the moment you enter your seed phrase. Scratch beneath that elegant surface, though, and you'll find these assumptions are anything but universal truths. They're artifacts of a very specific set of trade-offs; decisions made years ago by a handful of developers on one branch of Bitcoin's family tree. And they've so thoroughly imprinted themselves on the industry that anything diverging from them looks like heresy. Take the most famous of these: the belief that it's more important for poor people to run nodes than for poor people to transact. The people who hijacked bitcoin sold this concept to the world: The poor must be able to validate the BTC payments of the rich, but only the rich can afford payments on the network. Also, hijackers have custodial solutions available for the poor to make 2nd class payments. BTC made that explicit bargain. Block sizes were throttled to an absurdly small 1 MB, which is roughly one low-resolution JPEG per block or seven transactions per second globally. So any hobbyist could download and validate the chain from a spare laptop. But what was sacrificed? Throughput. Utility. The very capacity of the network to handle global commerce. In BTC, transaction fees spike whenever 'congestion' hits, making simple payments costly or even infeasible. But that was the deal: cheap nodes, expensive transactions. It locked Bitcoin into a model where only the well-heeled could rely on the network day-to-day, and everyone else could use some kind of custodial system or a vaporware L2 like Lightning Network. These trade-offs, in my opinion, are profoundly regressive. And once you accept that premise (that keeping nodes dirt cheap matters more than serving billions of transactions), you start building expectations around it. Wallets that simply derive a seed phrase, query a lightweight index, and instantly show balances only work because the UTXO set is tiny. BSV deliberately challenges this. When your ledger is designed to scale without artificial ceilings, the set of unspent outputs balloons. A wallet restoring from a mnemonic alone, without additional proof structures, starts to look quaint. For small blockers, they would argue that this is irresponsible. Right but how will wallets work in the teranode ecosystem? Because from my understanding and it was @ProjectBabbage who first brought this to my attention, that it's no longer possible to restore a wallet from just a private key alone. The issue is that with massive blocks,… — Eric Chennells (@EricChennells) July 5, 2025 That's why BSV wallets increasingly incorporate Merkle proofs alongside private keys, pinpointing funds directly with cryptographic receipts. It's an elegant solution if you can clear the mental hurdle that things shouldn't always work the way BTC taught us. Luckily, there is an official Wallet Toolbox, and lots of unofficial ways to store the UTXO set with Merkle proofs, and I foresee GorillaPool (and possibly other miners) offering UTXO sync and wallet restoration as a simple, paid service on the network. You are completely correct, amd you are one of the very few people who actually have a very good understanding of this. You deserve a massive shoutout for being an informed participant in the ridiculous thing is that your post was only seen by 23 people. You MUST… — Babbage (@ProjectBabbage) July 6, 2025 Other Dogmas: Initial sync time and 'the' mempool BTC folks boast that spinning up a full node should be quick. They can promise that because they capped the block size years ago. But if your network's goal is to become the data layer for global trade, finance, Internet of Things (IoT), and public records, that promise becomes a relic quickly. On BSV, initial sync is naturally longer. That's not a flaw, thought. It's a market opportunity. I foresee companies like GorillaPool shipping a fully synced disk image at the latest block height. Need a new archival node? Pay a modest fee, spin up in hours, and join the network with minimal downtime. It's simply a commercial solution to a commercial-scale problem. Of course, cypherpunks who want to run a node on their wife's boyfriend's computer will be upset, but opportunity waits for no one! Or consider the mempool: Bitcoin's dusty, dimly lit waiting room where your transaction sits, tapping its foot and checking its watch, awaiting the next block. In BTC, this feature is designed to create opportunities for 'important transactions' to bid higher for block space. Small blocks mean your payment often lingers in the mempool for hours, maybe days, until there's room to squeeze into a block. This is framed as decentralization at work, as the network politely queues your transaction in a traffic jam and calls it secure. On BSV, this entire dynamic changes. The mempool is typically empty. Transactions flow straight through and settle as abundant block space swallows global throughput without congestion pricing. And soon, even this concept will evolve. Under Teranode, the mempool itself starts to disappear. It's replaced by an unconfirmed transaction store inside a dedicated block assembly microservice. Nodes coordinate by exchanging massive subtrees of unconfirmed transactions, optimizing for speed, parallelization, and truly industrial-scale propagation. Instead of a dusty waiting room, it's more like an express terminal: transactions get batched, sorted, and pushed toward confirmation at a velocity that makes the mempool model look medieval. Dogma, The Third: Muh node Perhaps the most overlooked distortion is the notion that more nodes always means better decentralization. It's an easy sell at cocktail parties with Larry Fink and Jack Dorsey, but it's to the detriment of network health, and it's built on a false premise. Small blockers believe miners should always be presumed malicious, so they believe they must have lots of non-mining 'nodes' with copies of the chain ready to fork away from the chain the miners run, which is a crazy premise. So when BTC 'Muh Node' crowd says they will enforce the rule set that doesn't comply with the law, they're saying they will run a chain that isn't trading anywhere institutional anymore. Miners will follow the legal chain, and NodeBros spend a year looking for the next block. — Kurt Wuckert Jr (@kurtwuckertjr) November 14, 2019 Furthermore, a blockchain's security doesn't magically improve by bloating its edge with thousands of underpowered nodes. In fact, managing propagation across countless low-bandwidth peers introduces fragility. BSV's approach (fewer, highly robust nodes operating as industrial data centers) emphasizes throughput and reliability. The trade-off? Fewer players are in the backbone, but a network is actually capable of supporting billions of daily transactions. It's simply a different calculation of who the end user is. In BSV, it's not the node hobbyist; it's the merchant, the app developer, the billions of ordinary people paying for coffee, querying smart contracts, or timestamping invoices. None of this is inherently more righteous. But it is honest. BSV doesn't pretend that everyone must personally validate the entire chain for a payment system to be trustworthy. It leans on cryptographic proofs and competitive commercial services like the rest of our economy. You could argue that this restores Bitcoin to Satoshi's vision of a peer-to-peer cash system where trust is engineered through incentives, not socially policed by enthusiasts running Raspberry Pis. But, there's always a but… This all poses a thorny education challenge. People have been taught for 15 years that certain UX flows are normal because they grew from BTC's assumptions. Put in your seed phrase, and watch your coins appear. Fast sync times. Small chain, lightweight everything. But that's only one vision. It was never the only one. And ironically, it's the version that scales the least. Under pressure, that UX fails the common user, too. It just doesn't happen very often because aside from the 2017 bull run and the 2023 Ordinals craze, BTC gets very little real use from real people, so the congestion doesn't get experienced by many. In BSV, we will have to keep explaining why some wallets might ask you to track Merkle paths, why your node might take longer to sync, and why there's professional infrastructure where you expected hobbyist tinkering. These trade-offs aren't bugs. They're intentional, designed to support a network that can shoulder the world's economic data. In a way, it's poetic. The same debates echo from Bitcoin's earliest days: how many nodes should there be? How big can blocks get? Who is this system for? BTC's answers to those questions hardened dogma into gospel. BSV simply dares to answer differently. And as the world starts hunting for a data ledger that can carry actual commerce rather than speculative cycles, maybe we should reconsider who made the wiser bargain. Time will tell. Watch: Lessons on Triple Entry Accounting from Malta's TEA Conference

BSV: Combatting AI and deepfake misinformation
BSV: Combatting AI and deepfake misinformation

Coin Geek

time12-06-2025

  • Business
  • Coin Geek

BSV: Combatting AI and deepfake misinformation

Homepage > News > Business > BSV: Combatting AI and deepfake misinformation Getting your Trinity Audio player ready... In an era where artificial intelligence (AI) and deepfake technology are advancing rapidly, misinformation has become a pervasive threat to truth, trust, and societal stability. From fabricated videos of public figures to AI-generated fake news, the digital landscape is increasingly vulnerable to manipulation. Bitcoin SV (BSV), a blockchain protocol designed to scale and enable secure, transparent data management, offers a promising solution to combat AI-driven misinformation and deepfakes. By leveraging its immutable ledger, timestamping capabilities, and decentralized architecture, BSV can play a pivotal role in restoring trust in digital content and ensuring authenticity in an age of synthetic media. The growing threat of AI and deepfake misinformation While transformative, AI technologies have a dark side. Deepfakes—hyper-realistic videos or audio created using AI—can convincingly depict individuals saying or doing things that never happened. These manipulations have been used to spread false narratives, manipulate elections, and damage reputations. For instance, a 2023 deepfake video of a prominent politician falsely admitting to corruption went viral, causing public outrage before being debunked. Similarly, AI-generated text, powered by large language models (LLMs), can produce misleading articles or social media posts nearly indistinguishable from human-written content. The scale of this problem is staggering. A 2024 report from the World Association for Detecting Misinformation estimated that 60% of online content could be AI-generated by 2026, with deepfakes accounting for a significant portion. The rapid proliferation of these technologies outpaces traditional methods of verification, such as manual fact-checking, which is slow and resource-intensive. As bad actors exploit these tools, the need for a robust, scalable, and automated solution to verify the authenticity and provenance of digital content has never been greater. Bitcoin SV: A blockchain solution for truth BSV emphasizes data integrity, scalability, and utility. Its ability to process vast amounts of data at low cost, combined with its immutable ledger, makes it uniquely suited to address the challenges posed by AI and deepfake misinformation. At its core, BSV's blockchain is a decentralized, tamper-proof data record. Every piece of information stored on the BSV blockchain is timestamped, cryptographically secured, and publicly verifiable. This creates an unalterable 'source of truth' that can be used to authenticate digital content, from videos and images to documents and social media posts. By anchoring content to the BSV blockchain, creators can prove its origin, authenticity, and integrity, while consumers can verify that what they see or hear has not been manipulated. How BSV combats deepfakes and misinformation 1. Content provenance and timestamping BSV's blockchain enables content creators to timestamp and hash their work, creating a permanent record of when and by whom it was created. For example, a journalist publishing an article or video can upload a cryptographic hash of the content to the BSV blockchain. This hash acts as a digital fingerprint, allowing anyone to verify that the content has not been altered since its creation. If a deepfake video emerges, users can compare it to the original hash on the blockchain to confirm its authenticity. This process is fast, cost-effective, and scalable, thanks to BSV's ability to handle thousands of transactions per second. 2. Immutable audit trails BSV's immutable ledger ensures that once data is recorded, it cannot be changed or deleted without a trace. This is critical for combating misinformation campaigns, where bad actors may attempt to alter or suppress evidence. For instance, a whistleblower exposing corruption could store evidence on the BSV blockchain, ensuring it remains accessible and unaltered, even if centralized platforms censor it. This transparency fosters accountability and trust in digital ecosystems. 3. Decentralized identity verification Deepfakes often exploit stolen or fabricated identities. BSV supports decentralized identity systems, where individuals or organizations can create verifiable digital identities linked to their public keys. By signing content with their private key, creators can prove their identity, making it harder for malicious actors to impersonate them. For example, a public figure could sign their official videos on the BSV blockchain, allowing viewers to verify the source and detect deepfake imitations. 4. Scalability for mass adoption Unlike other blockchains with limited throughput, BSV's design prioritizes scalability, enabling it to handle the massive volume of data required for widespread content verification. Whether it's authenticating millions of social media posts or timestamping high-resolution videos, BSV's low transaction fees and high throughput make it practical for global use. This scalability is crucial for combating misinformation at the scale of modern internet platforms. Real-World applications and challenges Several projects are already leveraging BSV to combat misinformation. For instance, the 'Verasity' protocol uses BSV to authenticate video content, ensuring creators are fairly compensated and viewers receive genuine media. However, challenges remain. The adoption of blockchain-based solutions requires integration with existing platforms, which may resist change due to cost or complexity. Additionally, while BSV can verify content authenticity, it cannot inherently determine the truthfulness of the content's claims, so human judgment and context remain essential. Public education is also critical, as users must understand how to verify blockchain-based proofs. The future of trust in a digital age As AI and deepfake technologies evolve, so do our tools for combating misinformation. BSV offers a powerful framework for restoring trust in digital content by providing a transparent, scalable, and secure method for verifying authenticity. By integrating BSV into social media platforms, news outlets, and content-sharing ecosystems, we can create a digital world where truth is verifiable and manipulation is harder to execute. Governments, tech companies, and individuals all have a role to play. Policymakers could incentivize blockchain adoption for content verification, while platforms could embed BSV-based tools to empower users. For individuals, embracing blockchain-verified content could become as routine as checking a website's SSL certificate. BSV stands at the forefront of the fight against AI and deepfake misinformation. Its ability to provide immutable, scalable, and decentralized solutions makes it a cornerstone for rebuilding trust in the digital age. As misinformation continues challenging our perception of reality, BSV offers a path toward a more transparent and truthful internet, one block at a time. In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data. Check out CoinGeek's coverage on this emerging tech to learn more why Enterprise blockchain will be the backbone of AI . Watch | Alex Ball on the future of tech: AI development and entrepreneurship title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> AI Artificial Intelligence Bitcoin SV BSV Blockchain Deepfakes

BSV as 'utility blockchain' aims for use cases with trust
BSV as 'utility blockchain' aims for use cases with trust

Coin Geek

time10-06-2025

  • Business
  • Coin Geek

BSV as 'utility blockchain' aims for use cases with trust

Getting your Trinity Audio player ready... Wherever there's a business need for trust and transparency on a distributed ledger, BSV can take care of it, says BSV Association (BSVA) CEO Ásgeir Thór Óskarsson. On top of its underlying Layer 1 infrastructure, you can build any imaginable use case. Ásgeir joined his brother, BSV Association CTO Siggi Óskarsson, for a chat about trust in the digital economy with Halborn SVP of Marketing Arabdha Sudhir, as part of Halborn's Flash Video series on blockchain topics. Halborn specializes in smart contract audits and security testing for the Web3, blockchain, and DeFi industry and is assisting the BSVA with security consulting. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Siggi spoke of the more technical challenges associated with achieving BSV's million-transactions-per-second (TPS) milestone with the Teranode protocol implementation. Unbounded scalability on the base layer is the key to making blockchain a useful technology for enterprise and government-tier applications. 'If we have this massive scale, the way you would interact with the blockchain needs to be very different because you can't run your own node anymore.' This involves creating user-friendly libraries to create transactions, as well as newer concepts like 'Overlay Nodes,' to ensure interactions with a blockchain network run smoothly and securely at these kinds of volumes. 'We want to have a blockchain that can serve the world, not just something that's for hobby projects,' Siggi said. 'We want the big corporations to come and try to break it. Massive, massive use cases, that's our goal.' 'We call ourselves a utility blockchain. We're not interested in the price going up; we actually don't look at the price anymore; we look at how many transactions are we processing, how many transactions can we process, and are we moving in the right direction in that area?' The key problem we're solving is trust Sudhir asked for the simplest version of the key problem BSV is solving. 'It's trust,' Ásgeir said. If you take a look at the world in its current state, and read company reports, there's a clear lack of trust. AI is creating a huge amount of extra value, but one negative side-effect is a further decrease in trust. 'You have this verifiable data on an immutable ledger; it's a public blockchain, so anyone can access it. To debunk a myth: you can still have privacy on a public blockchain; it's not just out there for anyone to see.' The important thing is that the data remains verifiable and can be shared. Ásgeir gave the example of a supply chain with multiple stakeholders that all need to interact with the same data set. Any of them can access that data and act upon it, adding value. Much of the current focus is on decentralized finance (DeFi) and stablecoins with instant settlement, but that's just the tip of the iceberg for what blockchain can actually do, he added. Siggi described data on a blockchain as a form of 'digital notary,' helping to solve potential legal problems at a later date and doing it for free. You could stand before a court and produce information from years ago, and since it's on-chain, it's still provably valid. 'We're really only just scratching the surface' of potential blockchain use cases, he added, and the main reason for this is that no blockchain has yet been able to achieve the kinds of scale necessary to handle enterprise applications. 'It's not about the scalability itself; it's about the use cases that are only possible because we can scale.' It's more about business resilience, said Ásgeir. Verifiable on-chain data can protect a business' tech stack over decades, as it builds its forte and gains more clients. 'It's like a plethora of problems you're solving,' Sudhir noted. Stablecoins and cross-border remittances are two of the most prominent areas where blockchain shines, Ásgeir said. BSV's first native stablecoin, MNEE, is already proving its advantage over other similar tokens with instant transactions and zero 'gas' fees to send payments. Other existing financial instruments, like derivatives, can be tokenized on a blockchain network to gain similar advantages. But blockchain is no longer about 'being your own bank,' said Siggi, echoing an old Bitcoin meme. Blockchain can benefit banks by saving costs and helping them run more efficiently. Ásgeir again asked viewers to look beyond simple financial procedures, noting that blockchain has utility wherever there's a need for multiple parties to trust shared data records. The list of use cases there is endless, from government regulations to shipping and logistics, consumer retail, and corporate sustainability. Instead of having a centralized (proprietary) database and asking everyone to just trust it without good reason, now you have this whole layer of trust between everyone. 'It's fascinating,' Ásgeir said. 'Ten years from now, who knows what kind of use cases we're going to find for blockchain.' Watch: With blockchain, the utility is becoming more and more important title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">

Electric truth and the chain of machines when AI meets BSV
Electric truth and the chain of machines when AI meets BSV

Coin Geek

time09-06-2025

  • Business
  • Coin Geek

Electric truth and the chain of machines when AI meets BSV

Getting your Trinity Audio player ready... Somewhere between the data centers of tomorrow and the ambitions of tech visionaries, the boundary between human and machine is quietly dissolving, not through cinematic revolutions of sentient robots or hostile takeovers, but through incremental integration. Artificial intelligence (AI) and blockchain, once separate branches of technological evolution, are now beginning to merge. Their intersection is not hype, for hype's sake. It's a structural shift. And at the core of that shift is BSV. Too much of the current talk about AI and blockchain is noise. Fancy websites, big promises, and little delivery. Most projects combine buzzwords, raise money, and then disappear. But beneath all that noise, there is a quieter current of genuine innovation. It isn't trying to reinvent money or replace central banks. It's trying to build tools that work. And the blockchain that quietly enables this new frontier is BSV. Unlike many of its rivals, BSV does not chase attention with flashy marketing or speculative mania. Its strength lies in what it was designed to do from the beginning: scale. And scale is precisely what AI needs. The models being built today demand data. Immense amounts of it. Clean, verified, and timestamped. That data must be exchanged, monetized, and audited. Without scalable infrastructure, that vision falls apart. BSV provides the missing piece. Think of AI not just as software but as a hungry engine. One that consumes information constantly, requires traceability and benefits from accountability. BSV acts as a record-keeping system that never forgets. It can handle high volumes of transactions. It can store data on-chain. It can timestamp every input and link every output to a verified identity. In this system, trust does not depend on intermediaries. It depends on the protocol. This is more than just an abstract use case. Developers are already building AI-powered systems on top of BSV, and at least a few are working on a project I am involved in, with the idea that data contributors will be rewarded per submission and algorithms will be trained with full audit trails. Smart contracts allow models to execute logic and distribute rewards based on performance. Every interaction is tracked, and every payout is logged. It's not just innovation; it's accountability. What makes this combination even more powerful is its impact on identity and access. For AI to function in real-world systems, it must interact with other machines and users in a secure and a trusted way. BSV's support for scalable micropayments and native digital identities allows this interaction to happen fluidly. AIs can validate each other, exchange information, and pay for services autonomously. All of it is enforced and recorded on-chain. This model is already being explored in sectors like healthcare, logistics, education, and finance. Imagine AI systems processing patient data where each access request is logged immutably. Or decentralized research platforms where contributors are paid instantly and transparently to improve a shared model. These aren't just ideas; they are prototypes being tested in the open. Of course, adoption will take time. Institutions are still navigating compliance, data privacy, and integration hurdles. But the groundwork is there. The key lies not in building more isolated systems but in connecting them through a shared infrastructure that can handle the load. BSV offers that capability. It is not a speculative asset chasing attention. It is a tool designed to serve the foundations of digital infrastructure. As AI advances, it will demand better ways to source data, verify actions, and allocate value. BSV enables all three, at scale, with efficiency. The future of AI is not only about faster models or bigger datasets. It is also about reliability, transparency, and trust. Blockchain and AI will not merely coexist; they will co-evolve. And in that process, platforms prioritizing real-world performance over marketing narratives will quietly lead the way. BSV may not be the loudest voice in the room. But it is building something that lasts. In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data. Check out CoinGeek's coverage on this emerging tech to learn more why Enterprise blockchain will be the backbone of AI. Watch: Demonstrating the potential of blockchain's fusion with AI title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> AI Artificial Intelligence Bitcoin SV Blockchain BSV Blockchain

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