Bitcoin Operating System

Research series, read­ing between the lines for oppor­tu­ni­ties to prof­it. 

There are thou­sands of great projects out there some are bet­ter than oth­ers but the big issue in find­ing prod­ucts that have poten­tial, can be dif­fi­cult. 

Bit­coin Oper­at­ing Sys­tem appears to be a very inter­est­ing project. 

How does it work. 

“From the web­site, bitcoinOS.build”

BOS is the ZK pow­ered oper­at­ing sys­tem for build­ing every­thing on Bit­coin. Now Bit­coin can see, ver­i­fy and lever­age com­pute beyond its base lay­er.

So what is a ZK proof?

A zero-knowl­edge proof (ZKP) is 

a cryp­to­graph­ic pro­to­col that allows one par­ty (the prover) to con­vince anoth­er par­ty (the ver­i­fi­er) of the truth of a state­ment with­out reveal­ing any infor­ma­tion about the state­ment itself beyond its valid­i­ty. 

This can be some­what daunt­ing but if you look at the process of a ZK proof, there are a lot of pos­si­bil­i­ties in the use and devel­op­ment of soft­ware to sup­port this process. 

There are sev­er­al videos that cov­er this sub­ject, I would encour­age any­one to have a look it takes about 20 min­utes to cov­er the top­ic, (Math, soft­ware devel­op­ment, process) The process is straight­for­ward and it has a method where hack­ers are defeat­ed when they attempt to sub­vert the process, (that is impor­tant as this is one of the most com­mon meth­ods where the aver­age user often loos­es mon­ey or cryp­to with scam­mers and hack­ers.   (They have what I would con­sid­er a process that elim­i­nates bad actors from obtain­ing funds using any method) That itself does not mean that these bad actors might not try it but it does mean that even­tu­al­ly even if they try they will end up loos­ing the process where they try to take mon­ey or even attack the sys­tem. 

Research basics do a Search for “define zero knowl­edge proof”

You will find a lot of dif­fer­ent results, take a look at least three of these results, read the “paper” then look on YouTube, for addi­tion­al resources for videos that intro­duce or break down the zero knowl­edge proof. 

You will find that some are bet­ter than oth­ers in explain­ing the process of how it works, this is because there are dif­fer­ent meth­ods for doing this and that is one of the most impor­tant things to con­sid­er when choos­ing which projects deserve your invest­ing dol­lars. 

The Math is not that dif­fi­cult but that can be done using soft­ware so even if you are not that good at math, using soft­ware to solve those math prob­lems is a sim­ple mat­ter and can be done by any­one. 

So the Zero knowl­edge proof is basi­cal­ly a process by which two par­ties who are hon­est can prove a trans­ac­tion is valid math­e­mat­i­cal­ly and by using the “process” to man­age the trans­ac­tion so that the process is always valid unless and until one par­ty is proven to be dis­hon­est.  (This is a very low lev­el expla­na­tion and is not com­plete for the pur­pos­es of research it is ade­quate) 

(There are also meth­ods in the process to deal with a dis­hon­est par­ty) hack­ers, scam­mers, are the dis­hon­est par­ties and because the process has built in steps in the process itself to deal with “dis­hon­est” par­ties then those dis­hon­est scam­mers and hack­ers are revealed and the process stops once a par­ty is proven to be dis­hon­est. 

This infor­ma­tion is real­ly inter­est­ing and it is like­ly going to be suc­cess­ful at some point. 

There are mul­ti­ple venues for suc­cess and it is not like­ly to be in the BOS token alone.  

One of the biggest prob­lems this project has right now is that they are plan­ning on mint­ing 22 Bil­lion tokens… 

22 Billion… 

Giv­en that knowl­edge it is like­ly that the price for that token will nev­er gain enough over time to make peo­ple rich and lets face it that is what most peo­ple want to do with invest­ing in cryp­to. 

So keep that in mind when you start to con­sid­er invest­ing in what looks like an excit­ing and pos­si­ble fan­tas­tic project. 

DYOR, keep in mind that even the best projects may not per­form as you hope or think it will.  Even great projects fail… 

Yes­ter­day I watched a video where a well known soft­ware engi­neer, use a CLI, (com­mand line inter­face) to move BTC using (a beta ver­sion of this prod­uct) they mint­ed XBTC, then moved that XBRC into Car­dano and the fees were very low. 

Imag­ine what it would cost you to wire trans­fer the equiv­a­lent of one bit­coin 94,000.00 IF you used a bank there would be wire trans­fer fees, it would not be cheap.  If you used a cred­it card it would be even more expen­sive.  IF you used Escrow the fees would again be quite high.   This is impres­sive tech­nol­o­gy and it is just get­ting start­ed. 

Which brings me to the final point here.  

If we say that the large num­ber of tokens mint­ed for the Bit­coin Oper­at­ing Sys­tem is far too high to see a good long term invest­ment price and that is like­ly but not impos­si­ble to see a 2.2 cent rise in the short term but giv­en we know this up front and we also know that this process is like­ly only going to vast­ly improve over time what is the num­ber one aspect that has not been cov­ered in this arti­cle?

Soft­ware devel­op­ment, when doing research you have to look at the things that oth­er investors might over look or per­haps just not real­ize the oppor­tu­ni­ty. 

Research inven­to­ry top­ic,  always look for the weak point in a project because it is just human nature to “believe” that a project is the best of the best when it might not be as good as you “believe”  You can believe that XRP is going to Ten thou­sand dol­lars but the truth is not as like­ly to see even a small per­cent­age of that price point.  Research…. It is your best friend. 

So what is the weak point? In this par­tic­u­lar project?  

There are sev­er­al promis­ing pos­si­bil­i­ties, (we may cov­er in anoth­er arti­cle if there is any inter­est in that top­ic) Those pos­si­bil­i­ties are all about devel­op­ing soft­ware and using that soft­ware to cre­ate blockchain cryp­to­graph­ic solu­tions to mod­ern prob­lems in busi­ness, sci­ence and tech­nol­o­gy.  The weak point right now is that even though this project is real­ly cut­ting edge blockchain tech­nol­o­gy the soft­ware use case is lack­ing..  Sim­ply put they can do some amaz­ing things but the soft­ware to do those things is com­plex and under devel­oped. 

Look­ing beyond the sur­face of research top­ics.  

The rather impres­sive (trust less and Bridge-less trans­fer of over 90 thou­sand dol­lars in dig­i­tal cur­ren­cy) at a very low fee, (impos­si­ble in the past but hap­pen­ing now) and all of that was done by the com­mand line, neat trick but fraught with per­il for the aver­age user who has no idea how to use the com­mand line or per­haps view it as some kind of mag­ic, (not know­ing that in the past DOS was much like the com­mand line of today) the aver­age user might make a mis­take lose 90 grand on a typo?  Hey it hap­pens and for the aver­age user this kind of tech­nol­o­gy though impres­sive is out of reach..  So know­ing this fact what is the smart play on this tech­nol­o­gy in the future?

GUI soft­ware devel­op­ment. 

An EVM inde­pen­dent GUI soft­ware plat­form would be a per­fect invest­ment and inci­den­tal­ly there are a few projects that might fit that need in the near future but that is for anoth­er day. 

Doing research is all about look­ing for things that oth­er miss and then push­ing that research infor­ma­tion you gain into a sec­ondary research objec­tive.  

Find­ing a plat­form that can use the Bit­coin Oper­at­ing Sys­tem to devel­op a soft­ware based GUI that any­one can use in the future. 

As always this is not finan­cial advice it is a method of doing research because the more you know the less risk you may face in future trad­ing and of course you can­not elim­i­nate all risk but you can become informed of the risk you choose to take.