Thats BTC Not Bitcoin – You’re calling it Bitcoin, but you’re actually talking about BTC.

Thats BTC not Bitcoin

You’re calling it Bitcoin,

but you’re actually talking about BTC.

You’ve been sent to this page because you’re actually talking about BTC, but referencing it as Bitcoin.

Bitcoin was invented in 2008 by Satoshi Nakamoto as a “Peer-to-Peer Electronic Cash System.”

In the whitepaper detailing Bitcoin, he described it as a way to replace the existing payment processing systems on the Internet because they do not permit microtransactions due to high fees (Visa, MasterCard, PayPal).

He even mentioned specifically that even with existing hardware, Bitcoin could already scale larger than Visa’s 15 million daily online payments at the time. BTC, today, is capped at ~300,000 transactions per day…what happened?

Bitcoin as created by Satoshi came with a plethora of features:

instant transactions
transaction fees 1/100 of a penny
scripting language and smart contracts
data storage on blockchain

Bitcoin was a complete functioning system upon release, not a prototype that could be changed according to current sentiment. Satoshi stuck around publicly until late 2010 and privately until mid-2011. Immediately after his departure, suspicious new entities showed up to public conversation to derail the purpose of Bitcoin as digital cash and to turn it into a “community project.”

In August 2017, BTC-Core developers in conjunction with other bad actors perpetrated a fraud and theft of the Bitcoin protocol, altering the original Bitcoin system with a technology known as “segregated witness” or “segwit”.

“Segwit” by removing the digital signatures from the Bitcoin blockchain has fundamentally altered the Bitcoin system, moving it away from the inventor of Bitcoin, Satoshi Nakamoto’s vision, and violating the very definition of Bitcoin in Satoshi’s whitepaper as an “electronic coin as a chain of digital signatures”:

Faithful stewards of Bitcoin’s original vision saw these threats and preserved the original protocol prior to segwit’s implementation in 2017, in a split of the blockchain ledger, which historically is known as the ticker “BCH” or Bitcoin Cash. BCH as it once was known would later become “BSV” Bitcoin Satoshi’s Vision after another hostile attack and split in 2018 which aimed to sabotage the system with small blocks and yet more protocol changes that were not aligned with Bitcoin’s original design:

As a result, stewards of the original Bitcoin protocol preserved the real Bitcoin, ticker “BSV”, while at the same time increasing and eventually removing the blocksize restraints on the system, which were preventing the false versions of Bitcoin from scaling as Satoshi Nakamoto the inventor of Bitcoin had intended. By keeping blocks small, BTC restricted the number of transactions allowed on the network. Removing the blocksize completely was always Satoshi’s intention:

Satoshi had always planned for big blocks to be phased in on the Bitcoin network:

The myth that everyone has to run their own Bitcoin node, as promoted by BTC-Core is also not in alignment with Satoshi’s writings where he specifically states the long term vision for the system was for nodes to be run in server farms:

BCH and BTC-Core have altered that design and violated the original promise set forth by Satoshi Nakamoto, who stated that the original Bitcoin protocol was to be “set in stone”:

The scripting system described above by Satoshi was also disabled by the BTC-Core developers who admitted that they “panicked” because enabling them was too hard for them:

However this functionality has been re-enabled in the true Bitcoin BSV as discussed here by Satoshi Nakamoto, Dr. Craig Wright:

The interplay of these opcodes with the original dual stack architecture of Bitcoin’s forth-like scripting language allows Bitcoin to effectively act as a Turing complete system in terms of script functionality. This was something widely disputed by critics of Satoshi and his vision:

However we see that this vision has been proven accurate, and is now demonstrated by many applications built using https://scrypt.io/ and their smart contracting framework designed for BitcoinSV.

BitcoinSV has preserved the original vision of Satoshi, and has stood in the face of adversity, censorship, social and economic attacks, and campaigns aimed to delist BSV from exchanges to protect the fraud that is BTC:

The same people pushing these campaigns to sabotage Satoshi’s vision, are also lying to retail investors who buy BTC on exchanges like Coinbase, Kraken, and RobinHood where they are passing off BTC as Bitcoin. They lie to users about the security and economics of the BTC network, including the famous 21 million coin limit. However as some BTC-Core developers and experts have admitted, this 21 million limit cannot coexist with small blocks and a Proof of Work system. BTC-Core developer Peter Todd for example has predicted BTC will die unless they add inflation to the system:

While BTC will be unable to maintain a 21 million coin limit, BitcoinSV with its unbounded blocksize has the ability to maintain the 21 million limit by allowing large numbers of transactions to serve as the incentive mechanism to accumulate enough small fees to secure the network and run inflation free long term as Satoshi’s whitepaper describes:

Due to small blocks, BTC cannot process enough transactions and fees to secure the network long term, without the block reward subsidy. BTC-Core “expert” Andreas Antonopoulos has also admitted that the 21M coin limit is a problem for BTC, due to small blocks, and he suggests radically changing the protocol by moving to a Proof of Stake system to “fix” it:

BlockStream co-founder and CEO Adam Back also admits that the 21M limit is a problem but advises people to ignore it and to just “buy BTC and stay calm”:

We also see BlackRock, a more recent BTC investor and promoter, advertising that the 21M coin limit on BTC is not guaranteed:

This is something also reiterated in BlackRock’s SEC filings:

Bitcoin was designed by Satoshi to scale over time, and use Simplified Payment Verification as described in the Bitcoin whitepaper as the technology to cope with scaling. Satoshi called this “client-only” mode, and said this was the vision for Bitcoin’s far future:

Now 16 years after Bitcoin’s initial release, we have reached the far future that Satoshi anticipated, and with the reduction of bandwidth and storage costs, Bitcoin can finally be used for micropayments as Satoshi intended:

However BTC the counterfeit Bitcoin has gone in the opposite direction. Instead of enabling micropayments, small transactions have become impossible, and even moderate or large sized payments can barely be processed by the struggling and congested BTC-Core network. At times the minimum fee to get into the next block on BTC has reached an absurd level of over $350 for a single transaction:

Meanwhile the true Bitcoin network, BSV, while being marginalized by the mainstream “crypto” audience, maintains the true vision of Satoshi with transactions that are at times 16 million times cheaper than BTC:

This means a user could at times of congestion on the BTC network, do 16 million transactions on the BitcoinSV network for the price of one single BTC transaction. This is a powerful metric to visualize the divergence between the true Bitcoin and the counterfeit version, BTC.

BTC the counterfeit version of Bitcoin is so grossly inefficient that the amount of energy used to process one single transaction on the BTC network is equivalent to an average household’s electricity use over a period of 47 days:

Today the Bitcoin scripting language is nearly completely re-enabled on Bitcoin BSV with the upcoming Chronicle update, removing all script length and blocksize limits. You can upload any data to the blockchain and operate any functions. The blockchain is a super computer that can scale beyond 1 million tx/sec with the upcoming release of Teranode, the latest implementation of the mining code with plans to scale to billions of tx/sec.

This will enable everyone to rebuild the entire global system on Bitcoin SV. Not just money, but everything. Every other crypto project, money controller and bad actor is trying to stop Bitcoin, as they see the scale of this invention taking over everything. And they are right to be scared. The truth machine is coming to life.

To pretend that BTC is Bitcoin is an insult to the revolutionary idea and concept launched by Satoshi Nakamoto. BTC is not Bitcoin. When you buy BTC on Coinbase or other exchanges you are being sold a counterfeit token on a counterfeit system, not based on a finite supply as promoters claim. BTC is a system that does not function as intended, backed by false promises and lies. You are buying into a hoax, that is destined to die, as admitted by its own developers. BTC is not Bitcoin.