I'm not well known in the Cryptosphere, this is true being a relative new comer to the scene having joined the community as a whole this past June. What I've always had is a penchant for being able to see the disparate parts of a whole, and connect the dots in such a way as to if not fully uncover the reality behind something, at the very least shed some light on the possible future or direction of that thing. Also, mad and hopefully coherent ramblings.
In the short five and a half months since I've been introduced to this vibrant, and at times very cavalier or laissez-faire world of operational security, snake oil salesmen, and stick it to the man attitudes, I have endured just about everything Murphy's Law could throw at a new comer.
I have dabbled in mining, trading (often losing), investing in ICO's, investing in fraudulent ICOs and having to combat the ranks and file of evil incarnate while successfully exposing would be scam artists. However in my short five and a half months, I believe that I have finally encountered my moment of Neo-ism, if you will; encountered with two choices: take the blue pill, return to my daily life and wake up the next day believing whatever it is I want to believe, or, take the red pill and see how far down the rabbit hole goes.
Being a person not at all averse to risk, I chose the latter plunging head first into the T-1000-esque mirror of pseudo asphyxiation masking cardiac arrest, and landing on the decks of the Nebuchadnezzar, for once glimpsing the real world devoid of FIAT and its associated layers of excrement, suppressing the lives of ordinary citizens just trying to live their lives free of financial burden.
When I awoke to the realization of what I had stumbled upon, it was clear to me that I was looking at the holy trinity before me. You see, until now the current paradigm in Crypto is a zero sum game. Alt coins are created, pumped and dumped for BTC, this BTC is stacked for hard forks which is again in turn, pumped, dumped and sold for BTC, eventually to be cashed out to FIAT, rinse repeat.
The holy trinity of which I speak is Bitcore (BTX), Bitsend (BSD) and B3Coin (B3). As I joined the ranks of the B3 community, I began to examine the promises that the developers of the B3 Coin strive to bring to the table, and the foundation upon which they are to be delivered. As I continued to dig, I uncovered clues which led in all different directions. The single biggest discovery, first brought into mainstream consciousness by Spaceman Crypto, is that the B3 developers are the very same behind the Bitcore and Bitsend projects.
It was today while idly chatting in the #myfroggers-corner channel on the B3 Discord, that all of these disparate pieces that I had been looking into suddenly came into focus, a sudden epiphany of what it is I believe the B3 developers are crafting, and if I'm right it's a masterpiece.
For crypto to truly gain world wide adoption on a level even close to FIAT, it simply cannot just be a gateway to convert crypto to FIAT on the fly for purchases. It's too volatile, there is too much price action up and down, what cost you five dollars today could end up costing you fifty dollars in value in a matter of hours, or days. No, to truly become unencumbered by the shackles of financial oppression, and to truly adopt crypto in the real world, we must think in crypto; not what this crypto represents in nationalized FIAT currencies.
This is the world that B3 represents, and here is why I believe so. The current environment in crypto is one of super coins. One coin to rule them all, One coin to find them all, One coin to bring them all and in the darkness bind them. That approach is untenable, since the scope of what that represents would encumber any project to the death of feature creep (a term used in software development), to the end that it would be okay to good at many things, but never great at any one thing.
That is where the trio step in. Bitcore (BTX) is a fork off the Bitcoin blockchain, it has 10 MB block sizes, or 20 MB with SegWit, and is GPU mineable. It came before BTrash, and BGold and represents the best that both pretend to provide, and then some. It is a store of value, however it's decentralized nature given the GPU mineability and large block sizes ensures that its ability to scale will not be questioned any time soon, and thus should have a healthy transaction verification time long into the future.
Bitsend (BSD) is a proof of work, GPU mineable, transactional currency that too has a finite supply. It has a mobile wallet, masternodes and segwit. This allows for ultra fast transfers of value utilizing the P2P network. It is a medium of exchange.
B3Coin (B3) is a hybrid proof of work/proof of stake coin, soon to be implementing masternodes, followed by segwit, simple payment verification (a way to confirm transactions without having to download the entire blockchain), and eventually the lightning network which will culminate in the worlds first, and most technologically advanced decentralized exchange. The proof of stake implementation which is presently in a hyperinflation mode of 10,000% APR, is soon ending and will drop to 100%, followed by 20% and finally 5% until the end.
What I see of the B3 developers, is instead of taking the tired, old approach of creating a super coin that is everything to everyone, they have cunningly crafted three projects in stages, implementing their craft and building their expertise in crypto development one layer at a time, in order to bring to us, the consumer a design that you could argue is close to infallible. Each project brings specific traits that they do very, very well and nothing they don't need to.
B3 will continue to provide enough circulating supply so that as world wide adoption increases, so too will the market cap of the coin. Because of the inflationary nature of the coin, this will provide relief from hyper volatility for Bitcore and Bitsend, allowing you to hold B3 and exchange for Bitsend for every day purchases, and Bitcore as a store of value for your long term wealth holdings.
This model, if executed correctly and does indeed bring long term stability to Bitcore and Bitsend, could very well provide the first legitimate threat to the FIAT system since it's inception. B3 could very legitimately be the One Coin, without having to be everything it's not.
Wow! Amazing article bro. You can clearly write a masterpiece. Will tweet this right now and share to my fb crypto groups. Thank you so much @cryptokane
Awesome article man, great writing!!! Please join the B3 community, first steps on how to https://steemit.com/b3/@subze12o/b3-wallet-setup-and-community-pool
Interesting theory, though in the end I think it's probably aptly titled. As a fellow member of the B3 community I haven't seen the level of strategic planning it would take for me to give the team that much credit for forethought and planning. I could be wrong, and it would be nice if I was, but I'm just not seeing that level of sophistication from them yet. That could be from lack of funding and effort put into crafting the image, distraction by the work going on behind the scenes, or just because it doesn't exist. With no real verifiable public communication to date about the origins and composition of the team it is impossible to know.
With that said, arrangements like those hypothesized in your post could indeed be beneficial to B3. I have seen a few little hints that have been dropped here and there by mods and devs in the Discord group about Komodo and ZenCash involvement somewhow, and I agree that for B3 to play with the big boys and break out of the two to three digit satoshi range it will need some kind of external support in the form of an advisory team or partnership arrangements.
As a theory your premise would go a little way toward explaining the B3 name, though. It's always bothered me that B3 doesn't seem to mean anything, despite having been deliberately picked by someone. Bitcore, Bitsend, B3.... the third B in the series? It could just be the dev's sitting in a chat trying to come up with a new name, repeatedly trying mutiple Bitxxxx iterations until one of them said, "Hey, how about just B3. Then our next one could be B4." Or I could be completely wrong and it was planned to be that way from the beginning. Again, with no prevalence of evidence it is impossible to tell. Having a story would be a great thing for B3 and all of it's current holders.
Keep in mind too, that some people have referenced both Diamond and Europe Coin as previous projects from the development team. Without any kind of supporting evidence in the form of formal team bios or a whitepaper, in the end it all comes down to speculation. It seems to be a consensus that the developers did indeed play a role in some of those previously released coins. But what role did they play? Were they backoffice support, or lead developers? Were they represented as part of the team on the websites of those previous coins? To date we really don't know as the team is so far anonymous.
A brief dig into BitCore and BitSend will show that neither of those two previous coins have published team members or white papers either. Diamond and EuropeCoin both do, with one interesting bit from EuropeCoin's website reading, "...We also thank DMD Diamond, Bitsend, Bitcoingarden, OK-Cash, Rokos, Nextcloud Team, B1 Systems, Bitcoingarden, Bitcoin Rush, Madzebra and many more, for collaborating..."
So the precedent is there for collaboration between multiple coins. And is it merely coincidence that one the reference is B1 Systems? Probably, but again this is all just speculation.
In the very least B3 is proving to be a completely interesting project, as well as an investment that is providing a huge rate of return for me. Will the interesting nature and ROI hold?
Time will tell, I suppose. This coin will either do wonderful things for the people who have participated in the staking pools or it will go to zero. It's up to the team to determine which.
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STOPVery well written! I try to have hubs explain all of this to me but it is A LOT to wrap my brain around! Im glad he has a friend like you to talk about it all with because i know my constant questions and lack of understanding drives him bonkers! Happy earning!
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