/biz/ - Business & Finance

>>11806101
i already have a lot of BCH but if Jihan actually dumps his BCH on the SV chain I'm going to buy more when the price is super low

i doubt Jihan will actually do it though. he was all talk and no action when needed last week, in the end all the hash came from bitcoin.com. he's probably just all talk this time too, the inner jew in Jihan will prevent him from dumping anything because in the back of his mind he's thinking "what if SV wins tho".

Coming through!

>>11384563
i like that McAfee is a BCH supporter and i know it will beat BTC myself. but McAfee keeps sounding more and more dement to me for every interview i watch. saying that BCH is jihan's brainchild and calling him the most powerful man in the world is pretty daffy.

>>11304149
it can only mean one thing: BCH is the future. anyone trying to force the idea that a big company holding 1 million BCH are delusional

It's forbidden for US citizens to own Tether. It's in their own terms of service. And they reserve the right to not convert Tether to USD if they suspect something fishy is going on (meaning they can deny convert for any reason). I've not heard of anyone actually converting their USDT to USD successfully.

If that doesn't make you realize it's a scam then I don't know what would.

>>11143098
https://youtu.be/7lmNpMSPu0k

>>11089921
ah right, now i get what you mean. though please don't divide 3.358 by 2 and say it's around 1.

i expect one of the two after the split to die off pretty quickly and expect the hashpower to return to the living bch soon enough. we'll see though. exciting times

3.358/2/2 = 0.8395 Ehash/s btw, which is what BTC had in Jan 2016. i still dont think that's something that you can easily rent, especially if the guys renting it out are instructed to try to 51% attack

https://www.youtube.com/watch?v=jwMQdUPnG70

>>10913077
probably just a pump and dump

Bitcoin Cash has already won.

https://www.youtube.com/watch?v=zMuTx6kVHpU

shit talk will not make BTC better

>>10490692
This single jpg is larger than 1 MB. Imagine thinking you need 10 minutes to download it... That's pretty dumb.

But now imagine a miner needing 10 minutes to download it, someone that have invested many thousands of USD on hardware and facilities. That's just full blown retard level beliefs right there.

>>10340960
tokens are a good way to ensure adoption. once a company have tokens on your crypto its unlikely they will change later as long as everything works

BCH would win over ETH for tokens/colored coins because it is much simpler and does in fact scale due to that simplicity. meanwhile ETH will probably just slow down more and more (or they change the system to basically just be a bank).

Imagine deciding to meme about what you are afraid of instead of just buying some of it so you win regardless of which version of bitcoin wins.

>>10164653
Cash is King.

>>10023045
if you think it's wrong you are misinformed.

money does not flow in the lightning network as if through tubes. money slides in their individual channels from one end to the other.

>>10022998
>This is blatantly false. Somebody routing through you cannot deplete your funds.
you're misinformed over how lightning network works. here's how it works:
https://www.youtube.com/watch?v=pOZaLbUUZUs

>Its ONE on-chain transaction, this logic is retarded.
yeah so if i goes to a coffee shop that only have depleted lightning channels i have to make an on-chain transaction

>No shit? Don’t open 4 channels if you want to make a large purchase and dont have much capital.
but if i only have one channel i will be dead in the water if that node goes offline. are you suggesting i connect only to master nodes that are owned by banks and guarantee me to not go offline?

>No you aren’t trapped and you aren’t penalized for leaving. The lightning network is to be used for micro transactions, onchain transactions are still going to occur. Also the lightening network is integrated with the bitcoin blockchain, there will not be a lightening network token, ridiculous.
we have already seen examples of people unable to withdraw their bitcoins from lightning. besides, if LN keeps growing and 1 MB blocks stays the same the on-chain fees will keep growing as well. who in their right mind would ever want to close their lightning channels if it cost them 100 dollar fees just to get back your locked bitcoins? of course it's designed to trap you off-chain.

>>9968539
I don't see much of a future for Litecoin to be honest, if your end goal is to convert to as much USD as possible I think the best move is to convert them to Bitcoin Cash. At some point BCH will start increasing much more percentage wise than anything else.

>>9931891
Bitcoin Cash have stuff like this:
https://www.yours.org/content/what-the-bchjeepney-fleet-does-for-bitcoincash-41b72e90f6ff

There's no way BCH will not gain in value with all so much real world usage. It's only 10 months old, of course it's going to take a while before it overtakes BTC. But it will happen.

>>9876835
BCH doesn't really need shilling mate.

>>9843358
Roger Ver made Bitcoin what it is today. You guys have no idea how much he's done and this slander campaign is a disgrace. He'll do for Bitcoin Cash what he did for Bitcoin.

Why lightning network is a bad idea even if all its issues were solved:

1. you have to set up your payment channel with on-chain transaction. if you have to deal with on-chain transactions anyway you might as well just scale up on-chain instead.

2. if someone else use your payment channel they can deplete your funds to a merchant. if there are no other channels, which is likely since otherwise your channel wouldn't be depleted, you now need another on-chain transaction to make a new channel or refund your old one.

3. the network will inevitably develop backbone nodes that nearly all transactions pass through (most likely just trusting each other to have the required funds to save time). this "solves" the routing problem but makes the whole thing completely centralized, just like internet is today with master backbone nodes.

4. once you put your crypto into a channel you're basically trapped in the system. it's designed so that you would never want to take it out. eventually there would be almost no in/out on the bitcoin blockchain and at that point bitcoin is essentially dead and you can be sure that there will be talks to just drop it completely in favor of some kind of issued lightning network token.

5. it's possible to make solutions for micropayment channels on-chain instead. someone needs to figure out a way for the sender to be able to construct a transaction but he cannot broadcast it, the reciver on the other hand can't change the transaction but he is allowed to broadcast it. the payment channel is then either closed by the receiver with the latest state or it is closed by a timeout with a full refund to the sender.