Blockchain Investor Analysis

Bitcoin SV

BSV
Current Price $214.00 (+3.77%)
Bitcoin Satoshi Vision (BSV) was launched in November 2018 as a fork of Bitcoin Cash (BCH) with the intention of bringing Bitcoin back to its original roots.

Our Rating:

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.

Average Competitive Advantage Score

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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.

Average Management Team Score

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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.

Average Token Mechanics Score

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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.

Average User Adoption Score

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Overall Score

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Blockchain Investor Analysis

It's difficult to determine exactly what Bitcoin SV hopes to accomplish. Its leadership is sensitive and prone to controversy and many question the actual goal or vision of the project itself. There are so many uncertainties around this project that even a 2.87 out of 5 feels a bit inflated.

However, there are some who believe in this project and it has shown growth in recent months. Whether or not this trend will continue remains to be seen.

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