Bitcoin Steem it'll be
Monetizing all unspend BTC and then sharing it!
BCS be its ticker
It is going to be huge, CPU mineable, like the Nakamoto Satoshi group stated in their scripture. And fast block 10 second block times. With blocksizes up to 24 real MegaByte! Meaning Bitcoin Steem is able to do 4320 transactions per second. Say goodbye to the Creditcard business, BCS is taking over.
The addresses will start with an a instead of a 1, SegWit addresses will start with an s. Yes, it will be supported, because that could fit four times the amount of transactions in a 10 second block. Meaning 17'280 transactions per second enough to di all the financial transactions in a year. And still have spare room for 5000 transactions per second for peaks. Like short before the holidays.
Market cap of 7 trillion
Yes, it states 7 TRILLION... That is the kind of value BCS will need to take over the traditional banking monetary governance system. Currently it is just over 5.1 trillion in USD value, but because that has rappid devaluation build in Bitcoin Steem will anticipate to that with its value. Zero fractional reserve banking and interest is what is causing this loss of value of bankers money. And Bitcoin Steem will put an end to that.
The frozen unspend BTC in that blockchain will be moved to a multi signiture address. Of course BCS can not get a hold of the private keys of the unspend BTC. Relax, we are just raising the cap of Bitcoin Steem at once and send the reGenesis block reward to our central controlled BCS address. Just like United Bitcoin {UB} did, so all those millions are safe in the hands of a small group, that started UB.
Percentage fees
Just two promille per value, meaning the lowest possible Satoshi send will be 1000. That would need a balance of 1002. But the fees will never go above 0.002 BCS, yet mining will be possible with a CPU. Making Bitcoin Steem the real peoples crypto. No ASICs, just CPUs doing the work. Almost no power usage needed a simple mini computer should be able to rotation of work {ROW} mine.
The cap of Bitcoin Steem will be 60 times bigger than BTC plus the extra mines reGenesis block of unspend Bitcoin. Meaning there will be about 1.3 billion BCS released. Block rewards start at 750 BCS and half every 24 days. And the expected value of 1 Bitcoin Steem will be about 285 USD at release. And because of the rotation of work {ROI} mining it will spread wealth around very quickly.
Bitcoin Steem is the one
Staying true to the exact words as given to us by the Nakamoto Satoshi group in their sacred Bitcoin Whitepaper, Bitcoin Steem is the one. Yes, the one and only true Bitcoin, the Ace amongst them all. The one to rule them all! And we here at Steem will forking blockchain clone it at GitHub, so everybody can join in! There can be only one...
Well, you could now raise your eyebrows and mumble the occassional: WTF!? And you are right to do so dear reader. You see, I just made this up while I was tapping away on my modern Nubia Z9 that I payed for with my Steem plucked Fruit Of Work {FOW}. It might even be called BS, short for Bitcoin Steem.
Kidding, right?
Just some satire to try and expose rubbish looting projects like United Bitcoin {UB}. While explaining how frozen, unspend, BTC could be reGenesized with a reward blocktrick. By creating yet another forking clone. As we did not have enough of those right? But no where in the Bitcoin Whitepaper it states there could not be more than one: https://bitcoin.org/bitcoin.pdf
Ah well, here at Steem we have zero fees, no matter how high the market price will rise. So 1'000'000 USD per Steem, zero transaction fee. And at three second blocks already being able to handle close to 3300 transactions per second. And I do expect that value to go up six times in the near future. Or to short a long here, Steem is the real deal. And it is fun too. ;-)
May the cryptos be with us!
Get rich quick, forking blockchain clone bitcoin!
Image CC0 licensed.