Market
Problem that it solves
BSV attempts to solve the scaling problem that plagues Bitcoin due to its block size limit. BSV expands the block limitation to 128 MB in an effort to elevate the capacity of its network.
Customers
Bitcoin SV users see the value of digital currency and believe that scalability is the most important component in driving growth and adoption.
Value creation
Bitcoin SV add values by providing more scalability, which means more transactions are performed on its network while driving down transaction costs.
Market structure
Online and bricks-and-mortar businesses that are open to new payment methods.
Market size
Potential market is anyone who wants to use a digital asset to pay for goods and services.
Regulatory risks
Compared to other digital assets, the regulatory risk for a digital currency such as Bitcoin SV is rather low.
Average Market Score
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Competitive Advantage
Technology/blockchain platform
Bitcoin SV is a fork of the Bitcoin Cash blockchain and, thus, has the Bitcoin blockchain as its underlying technology.
Lead time advantage
As a fork of the Bitcoin Cash blockchain, it’s difficult to suggest that Bitcoin SV is in front of its competition.
Contacts and networks
It’s difficult not to talk about Bitcoin SV and not mention Calvin Ayre and Craig S. Wright. These two personalities are controversial and polarizing. However, they can get access to many industry players if they need to.
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Management Team
Entrepreneurial Team
Craig S. Wright and Calvin Ayre are the key figures behind Bitcoin SV. The controversies that have sourrounded the two entrepeneurs largely overshadow their past entrepreneurial successes.
Industry/technical experience
It’s safe to say that the BSV team has the necessary hours to be satisfy this criteria. Between its leaders and its development team, this project easily exceeds 10,000 hours of experience.
Integrity
Bitcoin SV leaders Craig Wright and Calvin Ayre have been at the center of many conflicts within the digital asset world, the epitome of which would be Wright claiming he is Satoshi Nakamoto. Bitcoin SV has also been delisted by exchanges as a result of the actions of its key backers.
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Token Mechanics
Token required
The Bitcoin SV blockchain needs the BSV token so that it can function as a digital currency. However, the arguments for using BSV over, for exmaple, Bitcoin (BTC) or Bitcoin Cash (BCH) are not overly convincing.
Value added
Unfortunately, Bitcoin SV is one of many projects in the market attempting to bring about faster and cheaper transactions. Additionally, it does not carry the cache that other, more recognizable projects have.
Decentralized
Bitcoin SV is only mined by a small number of mining operators and the project is largely backed by one person, Calvin Ayre. This suggests that the project is more centralized than many of its peers.
Token supply
Bitcoin SV has a max supply of 21 million, which means the value of the coin will not be diluted in the future.
Public exchange
You’ll have no trouble finding an exchange that lists Bitcoin SV. However, it is worth mentioning that several leading trading platforms have delisted the coin, including Binance, Kraken, and Shapeshift.
MVP
The Bitcoin SV blockchain is up and running and can be joined by anyone.
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User Adoption
Technical difficulty
The idea of Bitcoin SV is not too complicated and even a semi-technical person would understand why the project would want to allow for larger block sizes. However, the average user may be confused as to why they should use BSV over Bitcoin.
Halo Effect
As a fork of a fork of Bitcoin that still carries the word 'Bitcoin' in its name, many consider it as a rip-off of the original trying to capitalize on the Bitcoin brand.
Buzz
Thanks to its controversial proponents Craig S. Wright and Calvin Ayre, Bitcoin SV has had to deal with bad publicity from the start. The positive buzz around the project remains limited. However, for better or for worse, people are talking about it on social media.
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Overall Score
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