/biz/ - Business & Finance

>>11039663
The level of delusion in this post are unreal. Get it through your thick skull that sound money emerging on a free market has to evolve as a store of value first, medium of exchange later, unit of account last.

Bcash will never become a store of value as it sacrificed the only thing giving people confidence that bitcoin's monetary policy is set in stone - immutability. The market is telling you that it has no interest holding a mutable airdrop altcoin controlled by shady scammers. Now that Bitmain ran out of money and BTC to prop up the price, the market cap will probably drop to Bitcoin Gold levels and will eventually go to near zero levels.

Pic related are people who actually fell for bunch of scammers creating a broken, centralized copy of bitcoin while proclaiming it's the real thing. The only real bitcoin is the one validated by full node consensus.

>>10733262
Except bitcoin was created precisely to deal with this scenario. There are hundreds of BTC whales who will never give up their private keys and the moment someone tries fractional reserve fuckery with Bitcoin, these whales will perform speculative attacks on the paper currencies. And at that point the fractional reserve banks are fucked because there is no lender of last resort to provide liquidity (aka central bank).

It's funny how Dunning Kruger is always name dropped by the living examples themselves. Additionally its not suprising that conspiracy theorist using ((())) is also a bcash idiot.

Honestly what is the difference between this and the completely worthless Bitcoin XT?
I still haven't sold my BCC, because I didn't bother getting it to an exchange and now it's so low that I might as well keep it as a hedge.