[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 24 KB, 158x180, file.png [View same] [iqdb] [saucenao] [google]
4974469 No.4974469 [Reply] [Original]

just fyi, bitcoin cash is being shilled right now on CNBC by Roger Ver. might have a little pump coming very soon

>> No.4974754

>>4974469
How the fuck did this prick get away with riding the Bitcoin brand. Isn't Bitcoin trademarked?

Also, fuck Ver:
https://www.youtube.com/watch?v=oCOjCEth6xI

>> No.4974777

>>4974469
This coin has gotten an insane amount of news today. I'm seriously surprised it hasn't pumped yet

>> No.4974779

last time bitcoin cash was pumped, bitcoin dropped a good amount. get ready to buy some bitcoins boys

>> No.4974824

>>4974754
I would just delete this before you make core look even stupider.

>> No.4974896

Seems like asian whales are suppressing the price to accumulate, sounds like a meme but might very well be true in this case

>> No.4974905

should moon soon the sell off is completed by Xapo, Inc

https://www.prnewswire.com/news-releases/grayscale-investments-llc-announces-remittance-of-proceeds-from-bitcoin-cash-sales-300569759.html

>> No.4974927

>>4974905
Why the fuck are they selling

>> No.4974934

>>4974896
We got
>okex exchange
>debit card
>cash shuffle
all in the same day

>> No.4975078

Roger Ver on CNBC

https://youtu.be/nihzliIDWpY

>> No.4975171

>>4974777
Checked
Less than 3 weeks til Normie base get their free coins
I'm also noting that I always have to recaptcha a post in Bitcoin (The peer to peer electronic CASH system) threads.
Guess they don't like it

>> No.4975195

>>4974934
Debit card?

>> No.4975333

Who wants a Bitcoin Cash Visa debit card? http://Bitcoin.com is going to be bringing it to you soon!

https://twitter.com/rogerkver/status/940253050731679744

>> No.4975391

>>4975078
Holy shit that's some huge exposure right there

>> No.4975401

>>4975078
Find a flaw with his argument

>> No.4975411

>>4974469
I heard. From a beach, too!

What a chode. But he had a point. BTC transaction fees are ridiculous and transfer rates are slow as fuck.

>LIGHTNING WHEN

>> No.4975447

>>4975411
To use lightening you have to open your own lightening channel, which means you have to set aside BTC for every two channels, I can't be fucked to do this when i can just insta use it with XRP

>> No.4975459

Wow, I'm actually surprised the panel supported Roger.

>> No.4975499

I wonder if he's stupid enough to liken his shit coin being called bcash to black people calling niggers on TV, or if he will claim big blockers are the rosa parks of crypto
What a fucking punk

>> No.4975878

good interview and the two commentators at the end agreed with him on the superiority of BCH

>> No.4975977
File: 542 KB, 500x378, shoveling-money-into-fire.gif [View same] [iqdb] [saucenao] [google]
4975977

>>4974469
Bcash is literally a money burning project for Ver and he's too egotistical and stubborn to accept it. Leave him be, he'll never learn.

>> No.4975994

buying now, it seems like a legitimate tip

>> No.4976026

Dont forget BCH will be added to COINBASE by Jan 1st for trading kiddies

https://www.cnbc.com/amp/2017/12/11/bitcoin-jesus-is-really-really-concerned-about-the-future-of-the-digital-currency.html?__twitter_impression=true

>> No.4976060

>People actually think BCH would ever flip with BTC

If BTC dies it'll devalue the Bitcoin brand, taking BCH down with it

>> No.4976068

>>4974927
to get more real bitcoin

>> No.4976121

>>4976060
>I don't know what a hard fork is.

>> No.4976139

>>4976060
Its the same chain. The brand is fine, it was Blockstream that hijacked bitcoin. The market will realize this in time.

>> No.4976146

>>4976026
>Ver
>Bitcoin Jesus

Dude gets lucky with Bitcoin and acts the smartest man around for it. Guy's a cunt

>> No.4976165

>>4976121
>>4976139
retards

>> No.4976166

Every post in this thread is made by a bot

>> No.4976200

>>4976165
Compelling argument.

>>4976166
t. Hillary supporter

>> No.4976219

>>4976060
Not if Ver spreads the narrative he is spreading in MSM right now before BTC crashes and BCH starts to get merchant adoption.

>> No.4976223

>>4976146
Don't expect any response, cashies are too busy sucking Roger Ver's enormous cock.

>> No.4976281

Poor bcore has nobody to support it, Roger is a hero folks listen up

>> No.4976336

>>4976146
he might be a dick, but he is a winner
normies love winners

>> No.4976339

>>4976121
I'm well aware of what a hard fork is. You're ignoring the reality that everyone's been pumping money into Blockstream's Bitcoin. Not everyone bought in before July 31st, leaving a lot of people without BCH and just BTC. That's what normies think of as 'true Bitcoin.' The moment something else with Bitcoin in the name takes BTC's place and BTC starts to drop in value, people are going to be confused as to why exactly their Bitcoin is suddenly worth less while another is suddenly gaining in value. It would cause panic exiting of the market and there will be a lack of trust for a while due to people fearing about buying in and a fork making their investment worthless in the end (even if it's a later fork so it wouldn't make sense it would still be the perception by the dumb public). This panic exiting scenario would hit every single crypto, including BCH

>>4976139
>The market will realize this in time.
See above, the market is fucking dumb and if BTC 'dies' people won'y trust another BTC. There's a hell of a lot more of a chance of something else taking over its spot after a real permanent crash occurs

>> No.4976348

Only bitcoin cash will be accepted in Free Society

>> No.4976381

>>4976348

I wanna see how badly that place crashes and burns. It'll be a sight to see

>> No.4976393

>>4976060
>if BTC dies it'll devalue the Bitcoin brand
not if theres another bitcoin to take its place that different enough to say its better.
if there was no bitcoin cash, the death of bitcoin will kill the whole market. but there is a successor to the throne that is essentially bitcoin anyway

>> No.4976400

If you want to escape BTC crash into VALUEABLE altcoins, check out this discord https://discord.gg/5DjF5Nd for free advices from a freaking whale. No shitting, check out.

>> No.4976402

>>4976339
I don't think bitcoin is going to fall to the floor overnight, it'll bleed into alts over the next 3 years.

>> No.4976433

>>4976381

Compared to which country?

>> No.4976434

>$100s of dollar transactions?
>unreliable transactions?

Let's relax there, Roger.

>> No.4976437

its happening

rick chinks will sell their btc and buy up all the cheap bch

>> No.4976463

>>4976393
>if there was no bitcoin cash, the death of bitcoin will kill the whole market
>>4976402
>I don't think bitcoin is going to fall to the floor overnight, it'll bleed into alts over the next 3 years.

I actually disagree with both of these. The only situation where a market crash doesn't occur in my mind is by a slow overtaking by an alt, preferably a different mining method from BTC as to avoid having miners pull out of BTC and hurt it even further

>> No.4976489

>>4976402
Once it has a long term downwards trend (like bleeding for 2 weeks straight), people are going to start selling hard in fear because the only reason people buy it these days is in the hope that others will buy it at a higher price.

It has no fundamental value, so no price floor, and its only treated as a get rich quick scheme by the vast majority of buyers, who won't even ever have a bitcoin wallet or use the actual blockchain.

>> No.4976498

>>4976026
>Dont forget BCH will be added to COINBASE by Jan 1st for trading kiddies
>

Withdrawals only. Why do you shills have to lie?

>> No.4976514

The public is already primed by MSM to consider BTC a potential bubble. When it bleeds for a long time, its going to start flash crashing at some point.

>> No.4976522

>>4976339
> See above, the market is fucking dumb and if BTC 'dies' people won'y trust another BTC. There's a hell of a lot more of a chance of something else taking over its spot after a real permanent crash occurs

Yeah, it's like when the DAO crashed ethereum classic and ethereum died forever

Dumbass

>> No.4976565

>>4976498
they only announced confirmed withdrawals. they never gave a date for trading support. it could happen.

>> No.4976581

Dont worry to much on the details as its all planned out and will unfold before our eyes, just concern yourself with if you want to come out on top or be left holding the biggest shit bag of all

>> No.4976614

>>4976498
Coinbase CEO supports BCH over BTC, he wants to add new coins, you can guess where this is going

>> No.4976625

im holding 50k USD in each one. will i be alright?

>> No.4976633

>>4975401
The most important thing about where I put my money is trust that I can get it back. Litecoin works and has for years. BCH is a few months old and constantly being shilled by shady scammer types and miners for some reason. There is no reason to buy it, it offers nothing but risk.

>> No.4976641

>>4976565
A lie is any proposition designed to give a picture other than the truth. Saying "it will happen" is a lie.

>> No.4976648

>>4975878
>on the superiority of BCH

Whoopdishit. Almost every alt is better than BTC. Hell most alts are better than BCH too, so why aren't you pushing for those?

>> No.4976678

>>4976565
Ye and the CEO has been on twitter retweeting posts about Cash's good CURRENCY qualities

>> No.4976711

>>4976633
Litecoin has Segwit, half the reason people are leaving bitcoin.

>> No.4976716

>>4976678
>>4976641
will it be the 1st? dunno
but bch is gonna get listed and you nkow it.coinbase would be retarded not to

>> No.4976744

>>4976633
Lol how many litecoins are there compared to Bitcoin's? Does litecoin have segwit? Does segwit destroy the chain of cryptographic signatures rendering any coin that uses it an expensive IOU ledger?

>> No.4976750
File: 35 KB, 1173x821, nope.png [View same] [iqdb] [saucenao] [google]
4976750

>>4976498
Unfortunately true. Get the facts right.

>> No.4976751

you obviously didn't watch the interview cause at the end they speculated on bcore as gold was like a 10 trillion market or cash as like 100+ trillion market which one would be better gains

>> No.4976790

>>4976678

If they actually support BCH I'm gonna be pissed we might get a shitty patch job Bitcoin to go all the way instead of genuinely new and improved coins better suited for the currency job that aren't centralized as fuck in mining. It'll be hard enough killing off the garbage that is BTC as is

>> No.4976804
File: 19 KB, 460x276, checkem.jpg [View same] [iqdb] [saucenao] [google]
4976804

>>4974777
people are not stupid. also, checked

>> No.4976808

>>4976750
as much as it would be nice to have bch on coinbase i dont think its going to happen. it will confuse people and many people will be sending coins to wrong addresses

>> No.4976817

>>4974469
he'll just sperg and it will drop

>> No.4976828

coinbase is not stupid, why would they turn down the number 3 position coin to be traded on their site, for political reasons or for financial gains... you figure it out

>> No.4976844

>>4976716
It's definitely gonna be the first, unless the banksters get their little Mossad/CIA/MI6 buddies around to Brian Armstrong's and put a shotgun to his head. Which is unlikely but considering the stakes and that they can't let the plebs print their own CASH isn't too far out of the realm of possibilities

>> No.4976862

>>4976750
You need to learn to read tables.

>> No.4976872

>>4976808
I can't even bother arguing that because the new money coming in I know is completely fucking retarded. They would have to make it very clear what bitcoin cash is and what bitcoin is to everyone who makes an order on them.

>> No.4976879

>>4976804
>people are not stupid
biz has never been so wrong.

>> No.4976894

>>4976828
Because it's eternally dropping in hashrate.

>> No.4976896

>>4976862
I'm agreeing with you

>> No.4976897

>>4974469
I can't believe people didn't switch their btc to bch at that low a few days ago. At 0.07 it was a steal lmao easiest gains ever

>> No.4976902

>>4976828
Political reasons are financial. If Blockstream is incentivizing them some way to keep only bitcoin on their site, they will.

>> No.4976908
File: 350 KB, 432x643, 1512320021647.png [View same] [iqdb] [saucenao] [google]
4976908

>>4976897
look at this sock puppet

>> No.4976909

>>4976790
>Centralised as fuck in mining
You do realise any number greater than 1 is decentralised and the Chinese miners have publicly stated they only mine Bitcoin for profit to buy Bitcoin Cash?

>> No.4976953

>>4976808
pretty sure people will do that anyway

>> No.4976955

flippening between the 2 futures markets would be top kek btw

also would be enough time for normies to read the news for january 1, preserving their bitcoin cash and sending it to 25k

>> No.4977000

>>4976744
How many coins is irrelevant, only cap matters. Segwit doesn't destroy the chain, it keeps a validated tree of ownership but deletes the data used to validate it.

If segwit and ln don't work litecoin still works better than bch without it and has demonstrated it works for years.

>> No.4977050

>>4977000
>create a decentralized trustless ledger that can scale up via blocksize
>don't use it, hire Blockstream kikes instead

Congrats on this. Seriously.

>> No.4977072

>>4977000
Litecoin has segwit, and is philosophically in lockstep with core, nothing is gained by migration to litecoin if core is proven wrong.

>> No.4977145

Dream Market - the largest Darknet Market - is now... • switching to BCH
I guess that will make some people happy. Particularly those unhappy with the recent spike in bitcoin fees

https://np.reddit.com/r/DarkNetMarkets/comments/7j5yeq/dream_is_switching_on_bitcoin_cash/

>> No.4977155

>>4977000
Only market cap matters? Guess you're all in Shitcoin then, with Ethereum and Bitcoin following in close 2nd and 3rd.
SegWit doesn't destroy the crypto validation chain you say? But then you go own to say
>it deletes the data used to validate it
So what happens when a malicious miner simply creates their own tree, steals your coins and nobody else has or cares about the validation data and the blockchain moves along leaving you in the dust?
t. Charlie brainlet LTC

>> No.4977172

>>4977072
The argument is bitcoin doesn't work to buy coffee so we should use bcash.

The reality is better alternatives exist and bcash has no track record. Dogecoin is unironically a better choice to buy coffee, the best choice is ltc because ln and segwit will work out fine.

>> No.4977186

>>4976908
I mean within hours it went to .12.....

>> No.4977189

>>4977172
Bitcoin cash has the entire track record since the original genesis block retard.

>> No.4977191

>>4977172
bitcoin cash is utilizing the same blockchain with a block size increase. The track record is the same as bitcoin segwit without segwit and larger blocks.

>>4977145
Nice

>> No.4977219

BCH is the only legitimate SHA256 POW coin with long term survival prospects

>> No.4977234

>>4977219
>with long term survival prospects

No PoW coins have long-term survival prospects

>> No.4977240

>>4977191
With mining difficulty "patches" that have already been gamed by miners. It's a brand new shitcoin shilled by miners who just happen to not be able to exploit bitcoin anymore.

>> No.4977271

give it up boys, roger ver got wall streets attention, BCH is all over the news now

>> No.4977291

>>4977240
The difficulty had to be adjusted otherwise mining a block would be impossible due to less hash power. I'm not a fan of it, but it was necessary. All Segwit is doing is blocking the ability to mine for cheaper, which is economically retarded.

>> No.4977367

>>4977271
True the year 2018 is going to be huge. There can only be one bitcoin

>> No.4977368

>>4977234
Explain yourself
Proof of Stake cannot be explained to anybody without coming across as a ponzi scheme

>> No.4977383

>>4977234
Monero does. PoS coinds don't like to be used by black markets. Cardano is even talking about how they can become compliant. Ripple is literally in partnership with Amex. None of them want to be thought of as money laundering.

>> No.4977415

>>4977172
That's not the argument at all. The argument is that bitcoin all along has been bitcoin cash, and the segwit fork on was a forced hijack, period.

If "ln and segwit will work out fine" then core is in a great and healthy position and there's no need for litecoin, so that doesn't work either. It is in my opinion an idiotic view, but even if you're retarded enough to hold it, it immediately negates any reason to hold litecoin.

In fact thinking really hard about it, I am absolutely at a loss to come up with any reason to hold litecoin period. At least core is "different to the other alts". Litecoin is core minus the massive branding and trade momentum.

>> No.4977474

>>4977234
Exactly the opposite, no non-pow coins have as of yet been actually proven in production deployment period, and therefore cannot be said to have a long term future until at least empirically validated in principle.

>> No.4977487

what's better, LTC or BCH?

>> No.4977494

>>4977219
This is an extremely good short summary of the fundamental issues from a technical perspective.

>> No.4977545

>>4977291
Blocking a private party with a patent from having more control than others. We've been through all this nonsense roger is spouting back in 2013, he isn't a developer and doesn't know shit. All the early shitcoins were just clones of bitcoin but unlike bch have now had years of use, testing and development putting them miles ahead of bch.

>>4977415
With atomic swaps you could swap your btc for any coin supporting it just for the transaction. If that's possible it would create an environment where coins can continue to develop new ways to transact while not needing to trust them to store your funds long term.
https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b

>> No.4977577

>>4977415
>That's not the argument at all.
That's the entire argument in the video posted. I replied to an anon asking to prove the argument in the video wrong. It's wrong.

>> No.4977619

>>4977000
>removing the unlocking signature ("witness" data) from the original portion and appending it as a separate structure at the end
The data's still there, just at the end of the block

>> No.4977710

>>4977494
Dash beats it in every way.

>> No.4977714

>>4977545
They literally sell the mining equipment, not controlling the network. Where is your outrage for Nvidya and AMD holding patents on GPUs?

It was an innovation to reduce the cost of mining, I really don't see the issue here.

>> No.4977750

Why is segwit bad?

>> No.4977865

>>4977750
Alters the way transactions are handled on the blockchain and adds levels of trust that weren't there before. This is made 1000x worse once LN is activated.

>> No.4977889

>>4977714
There is no outrage, just reality. The exploit was closed due to developments that will likely lead to cryptos finally actually working leading the people who made money off the exploit to shill for the status quo through a brand new shitcoin that's still vulnerable and will never meaningfully disrupt traditional payment methods. For a long time these miners managed to block development until they couldn't anymore so they made bch.

>> No.4977983

>>4974469
the only pump happening is MUSICOIN

at least they have news coming up.. peh^^ !

>> No.4978018

>>4977577
You haven't proved Roger wrong all you've done is increase the public speculation that all is not as it seems with Blockstream and their army of online trolls propagating disinformation

>> No.4978025

>>4977545
This would imply you'd trust ln segwit chain to store value. That would be stupid.

>> No.4978047

>>4977865
>and adds levels of trust that weren't there before.
But isn't that good for transactions?
>This is made 1000x worse once LN is activated.
Why's that?

>> No.4978054

>>4977750
it's a highly complicated kludge adding only tecnical debt for dubious improvements.

>> No.4978083

>>4977710
DASH is not a sha256 pow coin. There are many orders of magnitude more POW protecting SHA256 coins than X11 coins. I like and hold some DASH, but I don't think it will overthrow BCH.

>> No.4978087

>>4974754
>anyone can hardfork btc
>complains someone hardforks btc

It's really only core fault they created this mess. Btc is truely dead.

>> No.4978089

>>4975447
wrong

lol cashies are going to kill themselves once every normie is using btc with LN in integrated wallets on normie sites

>> No.4978109

>>4974469
How are burger normies going to buy it though.

>> No.4978144

>>4978089
Which will come first? Lightning Network or the Bitcoin Cash card free from outrageous transaction fees?

>> No.4978155

>>4978089
You have been tipped 0.00000001 btc by Blockstream™ for this post

>> No.4978199

>>4978155
That will be an extra 200k Satoshis in fees for that 1 Satoshi tip. Pay up or (((they))) will come collect their shekels.

>> No.4978201

>>4978089
>LN

Glad to hear everyone is going to use it just like segwit!!

>> No.4978238

>>4978018
Buy your coffee with literally anything but bch. I sincerely recommend Dogecoin. It's very fast, probably cheapest for transactions with no segwit/ln demons and will literally reach the moon in 2019. You can easily make stuff that accepts dogecoin with third party wallet apis. It's supported by a lot of stuff because it's been around.
>Thanks to crowdfunding efforts, a gold coin representing the cryptocurrency is scheduled to reach the Moon's surface in 2019.

>> No.4978247

The Truth About The Bitcoin Lightning Network


https://youtu.be/6V365_59-Lc

>> No.4978296

>>4978238
Oh look, you're back further proving my point. Gregory Maxwell wants to see you in his office first thing in the morning.
>What did I tell you? Use a different IP address every FUCKING post

>> No.4978315

>>4978238
Your desperation is really actually funny. Try litecoin, get rejected, now shilling for meme coin with an effectively random issuance schedule and supply cap. Can't tell if you're actually really that stupid or just utterly terrified at the inevitable result of BTC getting butchered by BCH.

>> No.4978415

>>4978315
I'm trying to understand the mind of a cashie. What drives you to these depths of retardation. You claim you like it because you like fast, cheap transactions. Almost any other coin provides that with the added benefit of not being scams by miners.

>> No.4978469

>>4978415
Do you know what coin doesn't do that?
Bitcoin Obsolete (BO for short)

>> No.4978479

>>4978415
But do they scale?

>> No.4978481

>>4975171
Free coins?

>> No.4978491

>>4978315
>BTC getting butchered by BCH

If BTC is usurped, why does it have to be BCH which is almost just as shitty as BTC?

>> No.4978499
File: 192 KB, 1500x1000, 878e438e35366d6ab556c8de5551af01.jpg [View same] [iqdb] [saucenao] [google]
4978499

>>4978089
>lol cashies are going to kill themselves once every normie is paying to get credited BTC IOUs that they can use through apps, the site/bank sending the money on their behalf and holding it in their LN contract on their behalf because it is prohibitively expensive to ever actually use the blockchain for anyone but the rich, including just setting up LN channels of your own to some of the few mega hubs, meanwhile those "sites" (banks) will be regulated by bank laws and will probably be allowed to practice fractional reserve policy.

Nice "utopia" you got there. I guess Bitcoin Core truly is "Banking 2.0". Imagine some person among the 4 billion poorest for whom opening a single LN payment channel would be ridiculous to even consider. Think about whether it makes sense for them to use BTC, BTC Custodial LN & wallet service by bank or one of the many other coins that can or will have just as fast and cheap transactions as LN without having to choose between giving away your financial sovereignty or paying exorbitant fees for the main net transaction required to set up your own channels to a few megahubs that can be fucked over by governments or suddenly deny your wallet service so you have to pay to withdraw from your LN contract for that channel and then pay to set up another channel to another hub.

Thank god Africans can still run full nodes with 1mb blocks on 15 year old laptops whereas they might need a 10 year old laptop instead of they upgraded to 2mb blocks, right? The resistance to 2mb blocks is 100% there to force people to use LN and future blockstream side chains as soon as possible due to the impossibility of using the main chain for regular currency use.

>> No.4978508

>>4978047
Crypto functions trustless, trust is a bad thing.

>>4977889
Innovation in mining is just as important as innovation in blockchain in general.

>> No.4978563

>>4978469
The same thing we were saying in 2013. Look at use now. Your opinion is irrelevant and you can't increase the fucking block size because that would mean a hard fork and every hard fork for a decade died in a ditch or became litecoin.

>>4978479
Lot's of them claim they do, among them bitcoin with ln, does bcash? Can distributing terabytes to every node really be called scaling? Can relying on a few central data storage nodes really be called decentralized?

>> No.4978572

>>4978481
Well not free per say, rather the users who didn't control their own bitcoin and left it on coinbase (not many judging by the mempool explosion at the time) will be credited the amount of Segwitcoin they held at the time of the fork in Bitcoin (Cash) on a 1 to 1 ratio.

>> No.4978588

>>4977889
>the miners were the ones who blocked development

Really? I see BTC has segwit but still no 2mb blocks, which would dramatically alleviate congestion and not make it hard for anyone to run a node. Literally 0 drawback for the users. "Don't want to set a precedent" is bullshit and everyone with half a brain knows this. Side chain monetization interests are the only ones who benefit from the lack of increasing block size to 2mb.

>> No.4978602

>>4978563
You're literally not making any sense right now, go ask Adam Back for more Adderall or better yet go back to high school and join the debate team to learn how to formulate arguments

>> No.4978616

>>4978563
>Look at use now
Look at us now I mean. trust is all that matters when it comes to price and there is no reason to trust bcash. Bitcoin was an experiment in decentralized ledgers using economic incentives. It's now a worldwide trusted means of storing value. Not a currency you use to buy coffee.

>> No.4978710

>>4978616
You should watch this video it's literally irrefutable lol
>>4978247

What sort of shit store of value needs you to part ways with a significant chunk of it if you want to spend it? On, like, say coffee or a lambo? That's an objectively shit store of value

>> No.4978716

>>4978616
Market cap of gold - 8 trillion
Market cap of M1 cash - 100 trillion

thats okay you can be gold and we will be cash

have fun getting left in the dust corecuck

>> No.4978756
File: 22 KB, 485x443, 1510947150403.png [View same] [iqdb] [saucenao] [google]
4978756

>>4978563
>bitcoin has never hardforked before

>> No.4978776
File: 624 KB, 5048x4936, BTCBTFO.png [View same] [iqdb] [saucenao] [google]
4978776

>> No.4978777

>>4978491
SHA256 pow means it's the hardest possible chain to attack, thickest armour, minimal divergence from presegwit BTC means it is by far in the best position to capitalise on all the infrastructure that was set up around the original vision of bitcoin prior to the hijacking by core, and everyone who isn't in board with the core plan that is aware of the above has diverted their resources primarily into supporting that play. BCH devs have also already said they want to incorporate fungibility techniques from projects like ZEC / XMR, which IMHO are the biggest reasons you might want to push an alternative to BCH if that were not the case.
I know it's a boring cliche by now, but it really is unironically the original bitcoin.

>> No.4978807

>>4978616
>It's now a worldwide trusted means of storing value.
No it's not. The public is primed to think of it as a potential bubble by MSM and they only get into it to sell it for more later, not because they would rather trust bitcoin's blockchain with their money than a bank. Normies leaving their bitcoin on coinbase and other exchanges is proof enough.

Whenever bitcoin starts bleeding for a week or two, they're all going to dump. They only see it as a get rich quick scheme. "Store of value" is a bad joke and I really hope you're a paid shill and you don't actually believe this. Good that you're coming to another please than theymos filtered r/bitcoin to interact with something else than an echo chamber if you're not a paid shill though.

>> No.4978904

>>4978716
>M1
https://www.reddit.com/r/btc/comments/69fcg0/craig_wright_explains_the_derivation_of_bitcoins/

>> No.4978944

>>4974469
it's not being "shiled" Bitcoin is just useless.

>> No.4978961

>>4978602
>not making sense
I think I'm starting to understand the mind of a cashie. It's a mind that doesn't understand anything about how crypto works or how it came to be that they're worth anything.

>>4978716
>we will be cash
You will try and fail like the thousands of forks before you. How hard is it to get it through your skull that there is nothing of value in bch. Almost every single fork so far has had improvements to scaling, that doesn't matter to price. The only thing that matters to price is trust which is built over time. If you just want fast, cheap transactions you want a stable price anyway not a rising one.

>>4978710
Watched it and it's just a made up scenario he decided would be the reality. Part of the idea is to offload the micro transactions causing the load on the blockchain so it wouldn't be as expensive anymore. But also if you don't want to spend as much paying miners to secure your funds you can store it in cheaper atomic swap capable coins like litecoin.

>> No.4978963

>>4978508
Oh.
>>4978054
I see, kind of.

>> No.4979023

>>4978961
Other forks attempt to change something fundamentally about bitcoin and basically all of them include Segwit. Read the white paper.

>> No.4979180

Bitcoin Dark Secret

There are a lot more than 21 million bitcoin

https://www.cryptocoinsnews.com/bitcoins-dark-secret/

>> No.4979245

>>4978944
oh ok thanks roger

>> No.4979281

>>4979180

Theoretically if those extra BTC exist they would have been credited for BCH as well

>> No.4979295

>>4978807
It's in a bubble but it's also the best way to store value. Private, accessible, secure and scarce so it grows in values and creates fomo bubbles instead of depreciating like fiat. It's provably not a traditional centralized ponzi so it's a different type of asset than has ever existed. For normies trust doesn't come from the tech but from how much is invested in it already signalling that others trust it, with the biggest market cap bitcoin is the most trusted decentralized store of value.

>> No.4979450

>>4979295
>accessible
Fucking brainlet

>> No.4979541

>>4979295
normies brag about putting $20 on BTC and making $7 in gains on normiebook

They can't even transfer it off of coinbase without losing half their value in a single transaction fee. This makes BTC the most centralized garbage in all of crypto. Try to deny it bitch.

>> No.4979751

>>4979450
Yes, the most accessible store of value there is. I can access my funds anywhere in the world no matter how much it is and I can arrange a meeting with a guy to buy them without any banking authority involved right now. I can be a chink in China with millions I can't spend because of regulations. Buy bitcoins, fly to Canada and buy a house. I can only do that if I as a chinese normie trust bitcoin to store my life savings. The chinese normie trusts bitcoin largely because it's been storing value successfully for years and others trust it as seen in the price.

>> No.4980068

>>4979281
Yes but they can only be spent on Segwitcoin
So they are invalid on Bitcoin (Cash)

>> No.4980120

>>4977619
Retards, cashies, and concern trolls don't understand how segwit works. Nothing new, really.

>> No.4980400

>>4979295
>private
My god he's retarded
>accessible
Oh it's so much worse than it seemed initially
> secure
Wow, completely irredeemable
> scarce
LN will probably fix this last bullwark of you having any relation to reality whatsoever, so cling to it while you may I guess.

>> No.4980623

>>4980400
Notice how I make claims and back them up with real life examples while cashies have nothing but memes and namecalling. Threads and threads of pure shit and not a single argument for why I should use your shitcoin for transactions over dogecoin.

>> No.4980707

>>4980623
Here's one, it's bitcoin the coin that will change the world not a memecoin. And it's already accepted in more merchants. Oh dang I gave you two.

>> No.4980723

>>4980623
what you said is unironically as stupid as calling water dry, solid, radioactive, and abundant. Which is to say respectively, completely the opposite of reality, true only under certain conditions which the definition of "water" rather than ice discount up front, definable as such only within an extremely limited envelope, rather than the commonly accepted variant thereof, and lastly only within the scope of common acceptance rather than any arbitrary scope.
It really is that simple, you have no idea what you're talking about and you're going to get destroyed when reality finally decides to assert itself contrary to your delusions about it.

>> No.4980802

>>4979180
>>4979281
>>4980068
The author is wrong. Those bitcoins don't exist any more on any actively miner bitcoin chain and there is no special segwit magic that can "reintroduce" it. It's not locked away, it simply doesn't exist on the ledger/blockchain anymore and there is no way to "unlock" something that doesn't exist.

>> No.4981105

>>4979751
>Yes, the most accessible store of value there is. I can access my funds anywhere in the world no matter how much it is and I can arrange a meeting with a guy to buy them without any banking authority involved right now. I can be a chink in China with millions I can't spend because of regulations. Buy bitcoins, fly to Canada and buy a house. I can only do that if I as a chinese normie trust bitcoin to store my life savings. The chinese normie trusts bitcoin largely because it's been storing value successfully for years and others trust it as seen in the price.
>>4980623
>Notice how I make claims and back them up with real life examples while cashies have nothing but memes and namecalling. Threads and threads of pure shit and not a single argument for why I should use your shitcoin for transactions over dogecoin.

alright

1. Every coin is an accessible store of value. The best coin with the best functionality will likely hold the most value long term.
2. You can access nearly all crypto currency from anywhere in the world. BTC has no monopoly on this.

Your real life example is complete fucking shit and you should seriously feel bad. Every coin works this way you moron. Every fucking coin. PROBABLY ALL OF THE FUCKING COINS work this way. All of them are a store of value. All of them allow you to trade without regulation. BTC is OBJECTIVELY WORSE than most other coins as it is the slow, more expensive, less secure and less private of other examples.

You need to wake the fuck up before you watch your money get pissed away and become one of screaming idiots wondering "HOW CAN THIS HAPPEN!?"

The good news is you have plenty of time. But the moment when you see merchant adoption start to take place and you observe BTC isn't one of the supported coins YOU GET THE FUCK OUT.

>> No.4981188

>>4980723
I gave an example of how bitcoin satisfies all those conditions for the chinese normie. You perceive the day to day reality of actual normal people as comparable to saying water is dry. This only reinforces the widely agreed consensus that the cashie mind doesn't care about reality only memes.

>>4980707
>will change the world
>not meme
>replace cash
Saying things doesn't make them true, cashies fall into this trap constantly making entire meme videos just wildly claiming
nonsense as true and then calling it "irrefutable". There are more easy integration solutions and vendor support for ltc and dogecoin than any other altcoins btw.

>>4981105
>every coin
Exactly what I've been repeating again and again. Nothing makes your shitty coin better than the thousands of forks before this one. This one is worse than most of them because it's clearly a scam. Shill dogecoin or anything else.
To repeat yet again, the only thing that differentiates Bitcoin from the other coins is normie trust, aka it's a fucking store of value you braindead mutts.

>> No.4981992

>>4981188
Normies think a bunch of shit that is demonstraby untrue, thank you for proving my point all the more.

>> No.4982122

>>4981992
What normies think is all that matters to how much normies are willing to pay for something. The simplest basics are like rocket science to cashies, they are far dumber than the average normie.

>> No.4982232

>>4982122
Being normies though they'll get shaken out as soon as there's any minor turbulence, coins will accrue to non-normies, and what they think will actually matter.
The distribution consistent across all cryptos is not an accident. But you're clearly so dedicated to your line the truth doesn't matter, so all I have to say to you is this; remember this moment that you were led to water and refused to drink when you're dying of thirst.
Have a nice life.

>> No.4982582

>>4974469
whenever something good happens to bcash it always fucking dumps. fucking always.

>> No.4982631

>>4982582
It's an existential threat to BTC and a lot of long term large BTC holders want very much to suppress it.
That can only last so long though, given the actual disparity in quality between the two products, eventually people will realise they're being sold shit and told it's clay.

>> No.4982721

So lets discuss the 1st Jan Scenarios.
>BCH is released only for withdrawls and people are given BTC's worth of their BCH
BTC price goes down
>BCH is open for trading
BCH prices go up
>People can only sell BCH and get USD
BCH goes down

Am i missing anything here?

>> No.4982769

>>4982631
Normies don't care about practical use of crypto or the technology involved. they only see the exchange price and if it goes up or down. btc has been going up where as bch is either linked to btc or there are sellwalls to keep it at a certain limit even when btc is pumping.
i agree that btc is outdated as a currency but realistically use of Crypto in place of fiat might never happen till all of crypto is regulated. and when that happens, most likely some other coin like ltc or xrp or even fucking iota will rise to the top. the bitcoin in bch will drag it down when and if btc falls.

>> No.4982814

>>4982721
>>BCH is released only for withdrawls and people are given BTC's worth of their BCH
>aka there is now more supply of BCH than there was previously
>BTC price goes down

U w0t

>> No.4982900

>>4982769
More BTC for those sell walls can't be infinitely printed, and the BTC faction is already paying over 150k USD every ten minutes to the opposing faction just paying for SHA256 hash power.
BCH has performed better for the year than BTC, that will only be more the case as people realise BTC flatly doesn't work and there are many alternatives which do, foremost amongst them BCH, which stands to inherit all of the infrastructure which was erected in anticipation of uptake of BTC prior to it being hijacked by core.

>> No.4982926

>>4982814
I will explain it properly
Bitmex was giving BTC equivalent of their BCH.
So normies will get BTC, normies will sell the extra BTC.
Selling will take BTC prices down.
Right?

>> No.4982934

>>4982900
>foremost amongst them BCH

But BCH is shit (not as shit as BTC obviously, but still shit)

>> No.4982950

>>4982934
Ok, I'll bite. Why?

>> No.4982959

>>4976879
people are stupid, a person is not.
cunt

>> No.4983023

we're over 0.09btc lads.

>> No.4983066

>>4983023
It was 0.15+ a week ago m8.. then 0.13.

>> No.4983067

>>4974934
>CNBC
>Front page Yahoo

>> No.4983076

>>4982721
Every single person invested in bitcoin cash knows about the jan 1st coinbase bch release. Therefore its already priced in.

If however, coinbase announces that they are actually going to support trading it, then ohhh boy will we see the pump of a lifetime

>> No.4983108

>>4983076
Followed by a bigger dump as all bagholder finally leave

>> No.4983230

>>4983108
Great. The last thing any strong hands in for the long term should want is a bunch of emotionally trading FOMO'd bagholders on board.

>> No.4983411
File: 68 KB, 884x800, 1419876112764.jpg [View same] [iqdb] [saucenao] [google]
4983411

>>4974754
>Bitcoin is decentralized.
>Why isn't it trademarked?

>> No.4983467

>>4977172
How can you actually type this out and not understand that selling BTC for LTC is just going from one segwit/LN coin to another? LTC will have EXACTLY the same problems as BTC has now if it gains more users.

>> No.4983501

>>4983467
Because nu-coiners have no idea why people are leaving segwitcoin in the first place.

>> No.4983976

All you core coiners are going to be begging to buy Bitcoin Cash!!!!!!
And there won't be any left for you!