/biz/ - Business & Finance

>>54925207
>>54925227
>h-he's a-a BOT!

>>23975648
Goodnight, bcash....

Goodnight.

>>23894567
Lel back then you need just 6 BCH to buy a BTC
Now you need 102 BCH to buy a BTC
What an absolute TRAVESTY of a coin

My body is ready

For 16.4k

>>19188172
Yes, we've all seen it.

It's far from bullet-proof evidence and presents the Bitcoin core case uncharitably. Clearly a cashie hit piece.

>>19029059
Two of the core assumptions of this video's cynical conclusion is that there was:
>1) overwhelming support for BitcoinXt by the community
false
>2) no good reason to limit the blocksize
false

Those two falsehoods are what cast shade on Adam's motivations (assuming he is Satoshi) whereas taking those assumptions away paints a different picture entirely. Basically, if you are a big blocker, this makes you see Adam as greedy, but if you aren't than it doesn't. I can tell you from experience that the community was very much divided over the big block small block shit and many disliked Mike Hearn and Gavin Andresen before the controversy.

Tl;dr - Maybe Adam is Satoshi, but the video assumes certain crucial facts that help paint him as greedy.

>>16940493
OP, I am sorry that you were given an unrealistic expectation about sending and receiving Bitcoin and about the trade-offs that have intentionally been made to preserve the network's security.

>>16449536
btrash? is it still 2016?

>>16002186
>LN won't work! Daddy make the LN stop!

>>15805549
You cannot and will not ever have a productive conversation about this topic on this board jsyk. At least until the dwindling population of big blockers have finally moved to /x/ where they belong and the altcoin fags who larp as cashies realize the jig is up. Maybe in 2 years.

>>15779109
Not soon enough, Roger

Roger pls go and sort out your zero-conf double spend issues

>>15624737
>there are people who STILL treat bch seriously

>>15499620
>Hurrhurr u nevar red duh waipaypuh

>>14993959
>operation dragon gayer

>>14308283
In the early years of bitcoin, it was obscure and unvaluable. Demand was so tiny you could send any amount for free. There was no real congestion, so software didn’t handle it, nor did business plans: gambling service Satoshidice famously sent a 1-satoshi payment to losing bets, using the infinite-capacity blockchain as a signaling layer. It was all free money.

Bitcoin was a new, barely-understood technology. It was hard enough to comprehend the interactions of its constituent parts, let alone extrapolate to what this would mean in future. Several factors made this worse:

1. The pseudonymity and lack of central authority was deeply attractive to scammers, who became pervasive enough to make the permeation of real information extremely difficult and also lead to widespread distrust.

2. The success of the system brought others who tried to replicate it (often with the main goal of simply generating money) and almost always with minimal understanding of the system.[1]

3. The early adopters had not only the normal tribalism of an emerging clique, but a concrete financial self-interest in adoption. The resulting boosterism meant it was extremely difficult for any awkward facts to permeate the wider ecosystem.

The result there was surprisingly low awareness that this phase of “free money” was not the natural state of bitcoin. The developers were aware, so added some configurable settings in the reference client to minimize the worst abuses. These rules did not change bitcoin, just the default behavior: they added a minimum fee[2], stopped relaying tiny payments[3], and enhanced the scripting language to reduce the size taken up by unspent outputs[4].

https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

>>14296158
>>14294866
COPE
O
P
E

>>14263839
>but Bitcoin hasn't been improved upon at all in years. There has been no development and Lightning isnt any closer or any better than it was a year ago.

I found the issue, anon.

>>14224983
They're keeping their heads down while their enemy is making mistakes

>>14168597
Oh! Oh No! No, no no no hahahahahahahaaaa I *knew* Roger was being too quiet

>>13816775
doesn't matter. this kills any perception that bcash is "decentralized, censorship resistant money."

>>13643106
>>13643107
There are going to be a lot of stories about cashies killing themselves in the next few years. Completely serious. Please livestream if you will do us all the courtesy of being one of them.

>>13607160
Got it. Will never buy BCH since this post told me to.

>>13047292
He needs to keep a low profile