- Bitcoin SB: The Bitcoin Designed for DeFi and Mass Adoption.
Bitcoin and blockchain are certainly the most important technological innovations of these last 10 years. Bitcoin has strongly modified our daily relationship with money and it will change our way of living, working and spending. Bitcoin is also a success as the first real use case of blockchain, as a new technology industry driver, as a new reserve value (The New Digital Gold), and as the new speculation instrument. But it failed in its main mission: BECOME the peer-to-peer currency of people around the world. A decentralized money free of government, central bank, or major company. A transparent, public, and easy-to-use currency as expected by its creator SATOSHI NAKAMOTO. The original Bitcoin is now stuck in the mining companies, market makers, major and institutional organizations hands. As Such, Bitcoin (BTC) is “Centralized”, and it is no longer able to protect people’s life savings earned through hard work, against the bank bankruptcy fostered by the ability of central banks to print money at will and the crazy Finance.
— The Mining : They are all focused on mining.
Like Gold before, mined Bitcoin is now an opportunity to earn money… and Like Gold, Bitcoin is now a reserve value. Bitcoin is the new gold. Even if Bitcoin mining is important, it doesn’t nurture its own market adoption. The blockchain industry’s major mining companies’ main point of focus is solely on mining as they realized they are not able to encourage mass adoption. These companies are now the new central banks and ironically … They are centralized!
— A Disastrous and boring user experience
Bitcoin is neither accessible for our grand-parents or our children. It’s too technical and difficult to use. Using your wallet address and your Bitcoin is not as natural as using a fiat currency. That’s a sad reality, Bitcoin is still a curiosity built by developers for developers. Buying and Spending Bitcoin is still a painful experience for most people. Some providers offer easy-to-use solutions, but you are required to transfer your bitcoin’s ownership in their « trusted » hands. It is a euphemism to say that the state of the industry has departed from Satoshi Nakamoto’s original vision.
— The Bitcoin Schizophrenia
Born from the will to be a real alternative to Government fiat currencies and presented by its supporters as the money of the Internet. Paradoxically, Bitcoin is now a simple product available on Visa and Mastercard networks, traded against fiat currencies by your favorite providers to make your purchase in-store. Bitcoin’s users can not use their assets to purchase goods directly, as it first needs to be converted into States centralized currency to spend in your favorite store. Now you can see how this situation is funny and dangerous for your money safety.
The recent Wirecard1 bankruptcy case, perfectly shows how centralized money can be manipulated, as the German card provider plainly explained that more than $2.1bn of cash just disappeared… Visa or Mastercard don’t care about Bitcoin. They strongly and smartly protect their interests. This is the sad consequence of the poor user experience of bitcoin, it makes Bitcoin holders schizophrenic. It’s a revolutionary idea and an innovative technology in the nude state with no user experience, no ergonomic, or a modern interface. Then providers and people hope to see technology from future works on past systems which already shown in many cases their incapacity to keep your money safe. This is why we believe that putting decentralized money on a centralized network is like putting your bitcoin in your favorite bank. Blockchain industry named this weird paradox: THE MAINSTREAM ADOPTION.
If I was Satoshi Nakamoto… I would not know if I should laugh or cry in front of the ease with which the centralized main institutions take control over Bitcoin. Many people waited for institutional companies and hedge funds to come into Bitcoin trading markets to support the next bull market. It’s an interesting speculative event but I’m not sure it helps Bitcoin to remain decentralized. Bitcoin and cryptocurrency must stay away from traditional financial industry and re-invent themselves if they want to lead the next financial area. This is the only viable way to be a part of “The Great Reset2” announced in June 2020 by Kristalina Georgieva, the IMF’s Managing Director.
— 21 Million and so much more: The forced-wedding with Institutional.
It’s probably the worst consequence of my third point. The Bitcoin limited supply is broken by its forced wedding with the crazy finance. Futures, ETF, options… Bitcoin and the mainstream crazy finance have made so many children, creating multiple paper bitcoin, windy bitcoin, or wrapped bitcoin. To realize how this situation is stupid for Bitcoin and Satoshi Nakamoto’s dreams, many accredited investors and individuals actually hold Bitcoin derivatives.
Why these people prefer purchase paper bitcoin?
The answer makes sense: The lack of user experience! Now realize what we have today: Many ETFs, Futures, or other financial products in several numbers of countries duplicating as many times as necessary the bitcoin supply changing Bitcoin like an asset as ridiculous as fiat currency and its unlimited printing.
— The lack of scalability: Bitcoin is not ready for the mass adoption.
It needs a blockchain network working as a global and decentralized smart computer with a strong experience, ability to be updated by itself through a smart decentralized application on its network. Bitcoin Blockchain is not built for that! The low and long transaction is not the issue. The issue is the bitcoin’s incapacity to be simply scalable without affecting user experience or its trustworthiness. Bitcoin certainly was the best blockchain application idea. The name is great but the network is not able to realize Satoshi Nakamoto’s dream to see Bitcoin becoming the global money of people. Bitcoin deserves a better network, a network built to be scalable year after year. Lighting Network was considered as a prophetic scalability solution, but the miracle never happened because people want everything fast even if the price is their freedom.
— Hard Forks
Unlike soft fork, a Hard Fork is a radical change to the network’s protocol that requires all nodes or upgrade to the latest version of the protocol software. So simple, even a five-year-old child could understand, right? Or maybe not… You used bitcoin and now you have bitcoin Cash or bitcoin SV. Many hard forks bring many amazing software updates to make bitcoin technically better. It’s like creating a better Gold in its raw state. This is a good thing but it does not make bitcoin easy for people. Talking about Nodes and new way to mine Bitcoin does not help normal people to understand bitcoin or make it easy to use. Bitcoin Forks should not be soft or hard, but they should be smart! Look at the Internet massive adoption: The Network have been improved year after year with user experience improvement as the main focus point. User Experience was the key, it brings bespoke approach to perfectly fit with people life and their abilities to understand, use and create new use cases of Internet. Bitcoin doesn’t need a hard or soft update anymore. Bitcoin needs a Smart update!
Without a doubt, Ethereum is the most flexible and powerful blockchain in the industry. It’s also the Blockchain with the greatest experience and the biggest possibilities of scalability. Whether from its own capacity to evolve or from the application layer bringing by innovative Ethereum smart contract technology; Ethereum radically changed the blockchain industry. Unlike the traditional centralized networks, Ethereum is a young technology, its blockchain is growing fast and the network continues to be improved daily by the developer’s community. So, it doesn’t make sense to use a metric that compares the number of transactions per second of Ethereum network with a traditional centralized network (i.e. SWIFT, SEPA or Mastercard, and VISA) to evaluate its reliability. It’s useless, too early, and nonproductive.
Ethereum opened a new kind of transaction network and infinite possibilities for a new future. Ethereum blockchain brought the perfect balance between security, speed, usability, trust, fastness, reliability, scalability, and proof of real-world adoption. This is why the major blockchain companies have chosen the Ethereum network first to issue different stablecoins on the market.
Even if other protocols might be more performant and research is key to improve several aspects of the blockchain, Ethereum has something that others don’t: proven and solid experience. So let’s build upon the Ethereum growth potential, the ultimate decentralized finance experience: a world where your next bank is not a bank.
USDC, USDT, GUSD, TUSD, DAI, PAX… are all based on the Ethereum blockchain. Their weakness: TO BE A STABLE COIN backed by US Dollars or the others States centralized currencies… they are themselves backed by nothing. Realize how stupid is this situation: all these digital versions of the dollar are simple clones of all that Blockchain fought. If Dollars fall, the digital dollar will fall… always backed by unlimited money printing and crazy finance. You think these stablecoins protect you against Bitcoin price fluctuation… but you have to understand that the true value of Bitcoin is 1 Bitcoin.
Satoshi Nakomoto created Bitcoin to preserve you from systemic risk after the 2008–2009 crisis. Stablecoins are just the worm inside the apple helping crazy finance to eat Bitcoin, pieces after pieces. However, the stablecoin emergence is a perfect and powerful proof of confidence that the largest companies or banks in the world have in the Ethereum network and its abilities to be for the blockchain industry what Google has been for the Internet industry: The Smart and scalable layer. It no longer makes sense to build a new blockchain to issue a currency. Imagine if you had to build a new computer every single time you had to create a website. Message to the blockchain industry around the world: we don’t need a new blockchain protocol anymore! We need velocity from a perfect mix between, Bitcoin, Ethereum network, and a smart and efficient User Experience.
Opening a gate to a new financial world. A world where your next bank is not a bank, making alive the Satoshi Nakamoto’s project: A peer-to-peer currency built for people. A Bitcoin designed for mass adoption.
Network-level for Hard fork and software-level for Soft fork; current fork processes is focused on technical changes and updates only. They improve security, performances, consensus, or block/transaction validation processes. But they do not improve Bitcoin’s ability to be an easy-to-use digital money. That’s the main difference with both first fork types, Smart fork is a User Interface/Experience level fork. It is based on smart choice and focused on the final user only.
With fiat currency users do not care about how the technology works, they just want to use it to pay and get paid. For Cryptocurrency, it should be the same thing, people have to be able to use it without caring about consensus, block, or transaction validation processes.
User experience and safety should be the only criteria to improve Bitcoin but all the market is focused on speculation and mining. The Bitcoin providers don’t care about bringing blockchain benefits to people as final users and market waiting for the last bitcoin issuance to raise bitcoin to the smart level after that speculators, traders and mining companies finish to play with the biggest innovation from our area. The last bitcoin is estimated to be mined in 2140… In 120 years.
We do not intend to wait until this date to see people use bitcoin to pay and get paid. We deserve a smarter, easier, and radically better bitcoin. We need a Bitcoin smart fork! Not a wrapped bitcoin, political bitcoin, or paper bitcoin … But a real Bitcoin smart fork! A Bitcoin built according to Satoshi Nakamoto’s expectation regarding Bitcoin mission in our modern world and designed for mass adoption. “Designed for mass adoption” means that it must be easy to use and build on a trustable and powerful network. A network able to evolve and improve its capacity to be a network useable by all. A network with a native velocity or technology able to solve a temp lack of scalability through smart contracts or/and side-chain protocols. The foundations are now laid; you know what “Smart Fork” and why it will be a game-changer for Bitcoin mass adoption.
— Bitcoin SB. The Bitcoin smart fork.
Bitcoin SB is the first smart fork in Bitcoin history. It keeps Satoshi Nakamoto’s mindset, but based on the powerful Ethereum blockchain and Human-to-Machine interface. As a smart fork, it is focused on user interface/ experience to be easy to use and safe for people. “S” for Smart and “B” for Block. Ethereum blockchain is the most experienced decentralized network with the biggest abilities to grow and improve scalability features. On the Interface side, Smartphone devices are currently the best Human-to-Machine interface.
Bitcoin SB is easy to understand and easy to use. It has all the best features of Bitcoin (BTC), on the Ethereum blockchain, and is accessible from an easy-to-use mobile interface. It was important to keep Bitcoin’s name! It’s not just a name or a brand, it’s a philosophy, reference, and a respect mark to Satoshi Nakamoto for the original Bitcoin creation.
— Bitcoin SB (BSB) as a peer-to-peer currency designed for mass adoption
Bitcoin SB is the easiest bitcoin ever made. Easy to learn, easy to use, easy to share and easy to spend. It’s not just a simple new bitcoin or a classical altcoin built for exchange markets. It’s a people-level grade digital currency using Ethereum, the most experienced blockchain network, and a Smartphone app with the best human-to-machine interface to empower people.
The neo banking experience meets the decentralized world of blockchain. A world where a decentralized network gives you back the trust and the control of your money. A world where you just need a “Touch” to save, share, split or spend your money. Focused on the user experience, security, and mass adoption.
Bitcoin SB helps the crypto generation to lead the digital currency and e-commerce revolution using BSB as the Internet money and unique payment method. E-commerce is the Future of shopping, Bitcoin SB is the future of finance to empower your daily life.
— Smart Proof-of-Stake: Smart Circulating Process powered by DeFi.
Bitcoin SB maximum supply is limited to 1,000,000 BSB, it cannot be burned and cannot be minted.
Built for mass adoption, Bitcoin SB smart circulating process is based on proof-of-stake protocol and powered by DeFi. It’s the easier and the most accessible way ever made to put in circulation a Bitcoin. With smart circulating process, it has never been easier for a SDN (Smart Decentralized Network) to regulate the circulating supply and its issuance on the market.
Satoshi Nakamoto’s Bitcoin uses Proof-of-Work (PoW) and Miners for issuance. Bitcoin SB uses Smart Proof-of-Stake (SPoS) and Stakers for Smart Circulation Process (SCP). Smart Proof-of-Stake (SPoS) will be used to reward Stakers and Smart Selling Pressure Control (SSPC) will be used to regulate the circulating process of BSB earn through Smart Proof-of-Stake.
SCP (Smart Circulation Process) and SSPC (Smart Selling Pressure Control) are the heart of SPoS (Smart Proof-of-Stake), it’s a new smart protocol standard use in all BSB staking smart contracts. It includes Predefined Real-time Rewards, a Predefine Timelock for Unstaking and Claiming, a Progressive Unstaking Mode and a Smart Capped Claiming Mode to regulate the circulating process.
SSPC (Smart Selling Pressure Control) has been developed to regulate BSB circulating process and avoid price dump when stakers claim their rewards or after the staking lock-in period. Keeping BSB sustainable, and healthy. SSPC also includes a “Smart Incentive for not Unstaking” to encourage holders to keep staking after their lock-in period. The reward percentage will be automatically increased after the lock-in period And Auto Compounding System (ACS) will auto-restake claimed rewards when holders restake.
Bitcoin SB has been designed for DeFi, that’s why the majority of BSB supply must be dedicated for rewarding Stakers through Smart Proof-of-Stake (SPoS). As a Smart Decentralized Network (SDN), Bitcoin SB circulating supply will be managed by Stakers and regulated Smart Circulation Process (SCP) to control the BSB circulating issuance on the Market. Bitcoin SB uses Smart Proof- of-Stake (SPoS) as a genuine protocol that converts Stakers into Smart-Node (sNode). Unlike Proof-of-Work, which uses miners to issue new tokens, Smart Proof-of-Stake uses the rewards offered to stakers as a smart protocol for putting the supply into circulation in a fully decentralized way. No need for huge power or costly machines, the Smart Proof-of-Stake is definitely eco-friendly. Every holder can easily become a Smart-Node (sNode) by staking his tokens. He is generously rewarded through our Staking Program for his contribution to the Bitcoin SB Smart Circulation Process (SCP).
— Why we decide to do not use the classical Bitcoin (BTC).
Mining, trading, Derivative products, options, and futures are the only ways explored by industry operators like Bitmain, Binance, or Kraken. They’re all wonderful and successful companies but they’re wrong! Bitcoin is not about trading, mining, or financial derivative products. It’s not about competition with 60 years old networks like Visa or MasterCard. It’s about financial freedom, wealth ownership, and most important again, Bitcoin is about what you can buy and how you can buy it. Trying to improve bitcoin with a layer of service was not a good option to help bitcoin to be an innovative currency. The blockchain industry’s major operators are focused on speculative instruments which have changed bitcoin to a reserve value until people call it digital gold. United States regulators have given green light to American major banks to hold bitcoin for their customers. See this ironic situation, after paper bitcoin, wrapped bitcoin, meet the re-centralized bitcoin. It’s now too late for Bitcoin as a currency built for people. We can expect to see it up to 100,000 dollars in a few months or years but unfortunately “Bitcoin accepted here” mention is not enough to see our children purchase their bread with Bitcoin.
In a next future we will see Coinbase and Binance as the new centralized worldwide crypto banks walking away together with Central Banks and governments. Coinbase as a Coinbase Bank and Binance as Binance Bank providing you with a prepaid card or real-time conversion card to simulate cryptocurrency payment through old age and centralized networks like VISA and Mastercard.
We are building an innovative and smart world for our children. It’s still time to set up a Great Reset for Bitcoin and adopt a strategy to make it the money of the Internet for a fully connected generation. A smarter bitcoin, more accessible, built on a scalable network, and designed for mass adoption. 5G Internet, Ethereum 2.0, Sharding protocols, Smartphone innovation, Smartwatch, and E-commerce revolution are the opportunities to set the Bitcoin Great Reset. For a useful and more personal Bitcoin. Then, although we respect Satoshi Nakamoto’s vision, we think that this one will be real through a great reset. Creating a new Bitcoin, a Bitcoin issuing to protect your wealth and empower people. Helping them to purchase different, better and smarter. Backed by experienced developers around the world (United States, United Kingdom, Switzerland, Sweden, Ukraine, Morocco, India, UAE and France) Bitcoin SB will not waiting for Amazon’s Bitcoin adoption or the next tweet from Elon Musk.
We’ll build an “Amazon” for Bitcoin SB. Let’s create a new kind of borderless market putting BSB and blockchain in the centre of our life.
We are building a next common future! A future where your next currency is not a currency, a World where the next BTC is not the BTC.
With all contributors and developers from the community around the World, we have proposed the basics of Bitcoin SB, a bitcoin built for mass adoption inspired by Satoshi Nakamoto expectations and powered by DeFi. We built the basics rules, a smart vision fitting with the necessity for people to be free. It will be your duty to make it as better, greater, and smarter as possible. A bitcoin where every single user or holder can be a part. Be free to build products, services, software, or online stores accepting Bitcoin SB and improving the user experience. The world after “The Great Reset” will be a greener, smarter and freer World… for everyone all over the world.
Bitcoin SB: “S” for Smart, “B” for Block. Inspired by Satoshi Nakamoto, Designed for DeFi and Powered by Smart Proof-of-Stake.
- Date of publication:
- Mon, 10/11/2021 - 10:30
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