Not a lot of people have been a big fan of Craig Wright ever since he claimed to be Satoshi Nakamoto. His version of BCH fork- BCHSV- also did not garner much support from major influencers and the industry. Maybe his “fake statements” and his versions of cryptocurrency may not receive enough credit, but there is one thing that he definitely deserves a credit for is his vision for his project- at least that what his latest Medium post speaks about.
Visa using Bitcoin (SV) within the next 4 years- Craig Wright
While the world is still recovering from the meltdown of crypto markets that was triggered by the BCH fork, Craig Wright has already led down his plan and vision that he has for Bitcoin (SV). According to Craig, who took on Medium, to pen down his thoughts said that in over next few years nChain will make every effort to make Bitcoin (SV) the prominent version of Bitcoin.
Craig mentions in his post that nChain intends to ensure that they packing blocks with paid data and Bitcoin as SV will have miners earning over $8,000 a block based on use alone. That equates to $640 a bitcoin on exchanges. These figures have not yet factored in the gambling price of bitcoin and these would be the earning for miners just for their service.
Further, in the post, Craig says that with Teranode project nChain will be scaling Bitcoin SV to handle over 1.0 TB within the next 3 years (aiming for 2) and growing sizes from there. At that level, miners will earn over $600,000 for each Terabyte block, and this is every 10 minutes on average.
Over next 2-3-year Craig predicts that the capacity Bitcoin (SV) will be huge. He said in his post
“In 2 to 3 years we expect to be at a capacity of 2 to 4 billion (with a b) transactions a block, that is 6.5 million transactions a second. This is also Visa, MasterCard, banking in SWIFT, and ALL global currencies (not just crypto) in under 15% of a block. And this is the start.”
Craig also states that he expects
“Visa using Bitcoin (SV) as its backbone and plumbing within the next 4 years, as we can provide them with a means to transact that is both more secure and faster… and more, it will cost less.”
Some of the statement put forward by Craig is over-optimistic and it’s too early to state whether that would happen or not. But this post at least gives an insight as to where Craig is heading with Bitcoin (SV). Good enough points to consider investment bets on Bitcoin (SV)
Will Craig Wright be able to achieve what he has envisioned for Bitcoin (SV) or all this is just statements with reality? DO let us know your views on the same
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.