/biz/ - Business & Finance

Good, they deserve this

Goodbye Bcore (BCH)
Hello lightning (BTC)

Which bitcoin were they? I can never tell them apart.

>>10811134
they're the largest ASIC chip manufacturer who tried to pump bcash by buying over 1 million of them
they're hemorrhaging money and trying to falsify documents to scam IPO investors
the chink fell for his own scam lol

>>10811042
Fuck your IPO if you want fuck

>>10811166
>>10811042
Which is the most fucking hilarious part of all this.

Jihan literally CHINKED HIMSELF. How the fuck does one even do that?

BCASH BCASH BCASH!
*angry face*

laugh now we will see who has the last laugh when you are packing up your toys and going home as you have no more hash power

>>10811478
Oh fug

>>10811478
He was losing his hegemony on BTC anyway as other big mining companies like Samsung were coming online. It is part of the reason he wanted to move to BCH.

Now he is running a fraudulent IPO with nobody to buy his bags and CSW is hard-forking BCH. He is having a rough time.

you know why i knew this ipo was a scam? coz hes a fucking chink

>>10811526

>>10811042
This is why Coingeek planned ahead and will be distributing next generation ASIC miners.

https://news.bitcoin.com/coingeek-speaks-on-consensus-changes-and-next-gen-asic-chip/

https://coingeek.com/coingeek-com-associates-sign-exclusive-deal-to-distribute-next-generation-asic-mining-rigs/

https://twitter.com/ProfFaustus/status/1032732917343109121

You really think CSW disappeared for a bit, before coming out as Satoshi without planning ahead? Hate him all you want, he can't be beat. So much shit has been going on in the background that no one knows about. The writing is on the fucking wall in permanent marker.

"Let your plans be dark and as impenetrable as night, and when you move, fall like a thunderbolt."

>>10811589
go

back

to

reddit

fag

>>10811042
probably not. how involved is the chink government with bitmain?

>>10811589
dont spoonfeed these plebs they deserve what is gonna happen

>>10811502
if they fork he gets a million of the forked coins

>>10811042
literally who?

>>10811609

keep fudding FAGGOT

kek jihan's wu about to be btfo by the big boys of silicon

>>10811657
Being king of a pile of ash isn't as appealing as you think. Splitting the base is also a huge problem.You can't shill BCH by saying that CSW is Satoshi and it is his vision.

You are going to have SV shills tearing down BCH and BCH shills trying to tear down SV while they share the market. The IPO was already a problem but CSW pretty much shot BCH in the head with his fork.

>>10811677
who tf is coingeek?
they have not 1 example of their "next generation" miner
who tf is craig?
he hasn't signed 1 transaction proving he's satoshi and hasn't done anything notable in the entire ecosystem

you fags are completely delusional

jihan throws a counter punch

>>10811444

Nice trips.

Shady chinks will always get their just desserts in the end

>>10812531
>doesn't mention the wattage

so if jihan wu goes "bankrupt" and drops all hash from btc what will happen to block times? does difficulty get lower?

>>10813447
it'll mostly depend on the price of bitcoin
people will still buy the miners and continue solving blocks maybe there will be some decline in hashrate but not much as it's still profitable for them and others

>>10813447
>>10813773
>it'll mostly depend on the price of bitcoin
>people will still buy the miners and continue solving blocks maybe there will be some decline in hashrate but not much as it's still profitable for them and others
Nobody is going to be byunt out of date miners if bitmain has some crazy new shit and is using those minerw to control the network. When the hashrate drops we have a situation like last winter where unconfirmed tx skyrocketed and literally crippled the network. Bitmain literally will control Bitcoin . It is not decentralized.

>>10813943
what are you even talking about
none of what you said makes any sense

>>10813943
Wrong

>>10814724
because of the difficulty adjustment period, if bitmain drops its hash the network death spirals, there isn't enough power lying around to pick up the slack.

Divine intervention saves BTC again. Shit, maybe this technology will save humanity.

>>10814778
it wouldn't make any sense for bitmain to let those miners go idle
if the network did slow for some reason fees would give incentive for less efficient miners to join
only a major price decrease, a major flaw, and uncertain future could affect the blocks so severally to cause a "death spiral"
bitmain isn't shit an we learned that with the bcash fiasco

>>10814845
there's a bunch of reasons why this shouldn't happen, but the point is they could do it, just like your central bank could set the money printers to an hero

>>10811096
>people still argue over non-fungible money
wew lad

>>10811478
it's entirely up to market forces, bit main exiting in a large way to simply make mining profitable again for you and I and, to be frank, a smart man would go long on NVDA rather than trying to play the crypto hype... invest in the shovel seller if the rush starts. and Monero.

>>10814862
the paths that make the most economic sense lead to them slowing losing more and more mining share
an all out attack on bitcoin or abrupt shut down could happen but it doesn't make any sense and would cost the company even more money (100s of millions if not more)
the money sink game theory built into bitcoin should be enough to protect it

>>10814912
theoretically fine, but jihan is a fucking guy

>>10814934
Jihan's actually pretty reasonable.

>>10814964
fucking retarded, this does not matter, most central bank heads are actually pretty reasonable, it is still a fucking guy

>criminals are destroying each other

http://doom.wikia.com/wiki/Monster_infighting

>>10814999
What? Of course it matters. it means hes not going to throw away hundreds of millions for no reason like a retard. Which is what an attempt at "chain death" would be.

>>10815014
meant to reply to >>10811502 and >>10811702

>>10814999
yeah I see where you're coming from
at least the situation is getting better now

with everything he has invested an attack would tarnish his reputation his assets etc. it would cost 100s of millions to do but in reality would cost billions and he couldn't sustain the attack forever

>>10815020
Sure you wouldn't expect him to, I don't expect him to, but as a fucking guy he can just say fuck it and kill his entire family for no reason, this is the point of a decentralized network, that there is not one fucking guy, in bitcoins there is, it changed nothing.