[ 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: 31 KB, 1505x1259, B9F2E1E7-59EF-4812-A8CE-01C93E65071B.png [View same] [iqdb] [saucenao] [google]
16518679 No.16518679 [Reply] [Original]

How come people don’t stack Bitcoin Cash?
>In a bullrun when Bitcoin pumps, this will pump
>Safer than BSV because Craig is not able to prove he is Satoshi
>BSV isn’t on Coinbase, BCH is
>It’s on Coinbase, so normies will buy it
>Current Price: $208
>ATH: $4335

Is 21 BCH enough to make it sirs?

>> No.16518785

I-is 21 BCH enough bros?

>> No.16518805

>Why dont people stack a failed scamfork?

Because they stack the real Bitcoin - BTC.

>> No.16518824

>>16518805
>muh tech

Who cares? Normies will fomo into this shitcoin again like they did in ‘17 because it’s “the cheaper bitcoin” on Coinbase

>> No.16518828

>>16518679
Its not stacked because it has no long term proposition. In 5 yrs time, will it offer anything that all the others don't do better, including LN? No. In which case baghodlers need to jettison it asap

>> No.16518829

NEETs will jump on this at some point next year

>> No.16518842
File: 1.15 MB, 1990x1192, bxbso5jw5a341.png [View same] [iqdb] [saucenao] [google]
16518842

>>16518805
Fuck off kike, BTC has failed to scale.

>> No.16518843

>>16518829
If BTC makes a new ATH next bullrun, this will definitely follow with all the normie fomo I think

>> No.16518854
File: 74 KB, 432x809, 94b41d7c.jpg [View same] [iqdb] [saucenao] [google]
16518854

>>16518843
Fees would kill the hype again.

>> No.16518867

>>16518842
"We tell people to use our product to buy coffee" demonstrates authoritarianism and condescension. No wonder Gavin had to leave

>> No.16518895

>>16518679
Because bch and bsv are at risk of 51% attack by btc.

https://bitinfocharts.com/comparison/hashrate-btc-bch-bsv.html

If you want to buy something like bch buy ltc , since it dominates scrypt asics.

>> No.16518910

>>16518842
so has BCH.

>> No.16519025
File: 118 KB, 1200x443, 5dcdb1c5.jpg [View same] [iqdb] [saucenao] [google]
16519025

>>16518867
Authoritarianism is when you deny users to access network with artificially restrictive fees.

>>16518895
Hashrate follows biggest block rewards because miners compete to get most profit.
BTC has no way of competing with BSV in this regard.

>>16518910
Lol, enjoy your chinese overlords and their corrupt devs. Smart money follows rule of law, there is no doubt that nChain is the biggest patent owner.

>> No.16519034

>>16518679
>>16518785
>>16518805
>>16518824
>>16518828
>>16518829
>>16518842
>>16518843
>>16518854
>>16518867
>>16518895
>>16518910
>>16519025
No crypto has more adoption in actual payments than BCH. BTC has more but is crippled by fees.
Cashshuffle makes BCH reasonably private without overdoing it. Its fast and cheap to transact and has a cultish following and you can buy actual stuff for it.

BSV has a cultish following as well. BSV is right now primarily attacking the storage niche and storage of apps with metanet. Whether this will gain real industry adoption remains to be seen but it is HIGHLY shillable since you can just send somebody a link of a website or app "hosted on muh blockchain". They have great PR and paid shills and the most delusional real shills of all. highly agressive. Unwriter is a real asset as well

- They are competing for different markets for now
- They both will have a halving soon
- They have absolutely delusional communities and nicely shillable products


Anons who do their research hold both bad aussie and deluded ancap Bitcoins. BSV and BCH will be the largecaps with the hardest pumps this bullrun. They are the perfect middleground between high risk shitcoins and boring largecaps. Higher gains and higher risk but not suicide shitcoin risk. They aren't going to die anytime soon and have deluded shills and are usable for things.
Its the perfect storm for massive gains.

TLDR; Buying both corn forks is the perfect choice if you want to outperform BTC and dont go for shitcoin-level risks.

>> No.16519070

>>16519034
This anon gets it

>> No.16519099

>>16518824
brainlets don't know what happens to minority PoW coins, but thanks for playing

>> No.16519111

>>16519099
They get mined when they become more profitable, brainlet.
Miners dont give a shit they autoswitch to whatever is best returns

>> No.16519821

>>16519034
are you me?

>> No.16519837

>>16518805
BCH is the real bitcoin.

>> No.16519916

>>16518824

There is so much way to make money in crypto end 2019 why the fuck you clinge on "accumulate coins wich will get normie heard fomoing in them next bullrun" meme sir?

>> No.16519921

>>16519916
like what, faggot?

>> No.16520221
File: 582 KB, 812x634, Jeb.png [View same] [iqdb] [saucenao] [google]
16520221

>>16519025
>Hashrate follows biggest block rewards because miners compete to get most profit.

Absolute nonsense , even with btc small blocks not even 1 btc is in fees per block is reached when the network is bottlenecked.

Also miners have been known to mine empty blocks with big blocks , since they can earn more without the fees by propagating faster the block(this happened with bch a lot).

>>16519034
Nice opinion but you are wrong, for a few reasons.

1_After the halving bch and bsv hashrate relative to the sha256 hashpower will decrease to absurd levels.

Probably 1% of btc asics will be enough to 51% attack bch and bsv together.

2_Nobody is saving money on bch or bsv because this reason.

3_This can't be fixed because bch depends on bitmain hashpower which is muh anti segwit because they want to keep asicboost so they won't ever support leaving sha256

4_BSVtards won't support leaving sha256 because they wan't the meme muh real bitcoin.

It's true tough that bch has the most use for payments after btc , but bitpay is going to add ethereum soon.
I am serious if you want to outperform btc invest in ltc , bch and bsv are insanely risky and are most certainly going to be 51% attacked this is even worse when you realize they will fork a month before btc so proffitability will go to hell.

The chances of a 51% attack are massive in that month.

>>16519111
Wrong a chart at hashrate shows that won't happened.
In fact it's suprising that with asicboost and all they remained in btc , but it makes sense the most proffitable to mine will be the one with the highest price and the one with the highest price will be the one with the most inactive coins due to people holding there.

Ironic that the hold meme guarantees the security of the network.

>> No.16520916

>>16520221
This is the most retarded Dunning-Kruger shit I've read. You're just throwing out random words.

>> No.16520937

>>16520221
>Also miners have been known to mine empty blocks with big blocks , since they can earn more without the fees by propagating faster the block

an empty block will eventually be worthless though. Sure it might be a bit of an issue rn, but will eventually be a non-issue, without any changes to the system.

>> No.16520963

>>16520937
No they are not worthless this is the problem, there is no way of making sure miners don't mine empty blocks.

With btc this is not a problem due to the small blocks but when you go to very big blocks miners can mine empty so their blocks are propagated faster since 1mb moves faster than 32mb.

>> No.16520976

>>16520916
Which point is wrong?

>> No.16520988

>>16520976

>>16520221

>> No.16520996

>>16520221
>they will fork a month

They will be having their halvings

>> No.16521006

>>16520963
This will make blocks find a natural size based on competition. when there is no block reward, an empty block will be useless. At this point in time, there will be tough competition in block-propagation, and miners will have to decide the most cost effective blocksize, based on their network infrastructure.

>> No.16521020

>>16520988
All of those points are true tough, specially the halving date, due to bch fucking up the difficulty adjustment and bsv sharing the same history both will fork first.

So bch and bsv will lose 50% of block rewards overnight while btc will still have more rewards for 40 days.

The hashrate difference will be massive even more than now.

>> No.16521043

>>16521006
You are correct on this but your initial point is what's wrong hashrate does not follow biggest block reward.

Hashrate follows price, check block rewards in usd as rewards decreased their price in fiat increased due to lower supy.

Btc will dominate Sha256 due to the ammount of coins frozen of holders

>> No.16521065

>>16518679
Why would anyone buy BCH when theres the real bitcoin available to buy?

>> No.16521074

>>16521020
> The hashrate difference will be massive even more than now.

From 3% to 1.5% isn't a massive change. It's even been at 2% before. And even if it goes to 0.1% it doesn't fucking matter, a huge amount of hash rate steps in when needed because miners want a big block version of bitcoin to persist. The consistent hash rate remains at the low it is because of profits.

You keep saying things like this is a massive and absurd change and you're throwing terms like asicboost around. Educate yourself idiot.

>> No.16521238

>>16518679
>How come people don’t stack Bitcoin Cash?
too expensive it will go lower

>> No.16521322

>>16520963
it doesn't really matter how fast it propagates because once a block header is announced everyone will put aside his block and start noncing a new block based on the previous header. if the block does not get propagated in a few minutes or not valid then it is thrown away and previous work resumed. block headers will propagate instantly.

and i say this as a bitcoin maximalist (no not the shitforks)

>> No.16521336

>>16521322
you would think you need to know what's in the newfound block exactly but everyone sees the same mempool miners can estimate and skip tx-es that may have been.

>> No.16521360

>>16521336
knowing a pools hahspower and the nonce count will probably make you able to calculate the block assembly time and mempool state to the millisecond.

>> No.16521449
File: 349 KB, 1073x491, 37E08853-F2C9-45EB-9F61-5C35F8C5B27C.jpg [View same] [iqdb] [saucenao] [google]
16521449

> and i say this as a bitcoin maximalist (no not the shitforks)

BTC is a shitfork.

You're knowledgeable. We need more BTC maxis like you at r/btc, we need to see more of the rational BTC maxi side there. 99% of the BTC maxis there are absolutely fucking retarded and it's really skewed. Please, join the place.

>> No.16521471

>>16518679
>How come people don’t stack Bitcoin Cash?

Who says we don't? Still waiting for a recovery which never seems to happen.

>> No.16521497

>>16521449
>BTC is a shitfork.
no btc is bitcoin always. pretty straightforward because the ticker btc is given to bitcoin at all times.

>> No.16521524

>>16521497
>no btc is bitcoin always

Lol. A three letter ticker on the exchanges. Bitcoin cash should've had the BTC ticker since bitcoin core has been changing the fundamentals of the design. Not only that, but the majority of the original bitcoin community, which were all behind bitcoin cash, resided on r/btc. The ticker was stolen, plain and simple.

>> No.16521535

>>16521524
>Bitcoin cash should've had the BTC ticker since bitcoin core has been changing the fundamentals of the design.
bitcoin continued the nakamoto consensus started by satoshi. it is the unbroken chain of pow. also that part about changing the fundamentals is bullshit both philosophically and technically untrue.

>> No.16521555

>>16521535
Ok nevermind you're retarded.

>> No.16521583

>>16518679
Thinking about buying a few.

>> No.16521622

>>16521555
truth hurts i know. but you better fin a coping mechanism. because btc is not going away.

bitcoin is not whatever the fuck you read in a paper or like to meme about. a bitcoin is an unspent transaction output.

>> No.16521661

>>16521622
Wow, the level of retardation just took another jump. I'm laughing irl, I severely overestimated this guy earlier.

>> No.16521777

>>16521661
don't worry you will understand one day.

takes time for brainlets.

>> No.16521791

>>16521777
That's a good motto, use it faggot.

>> No.16522170
File: 161 KB, 640x1138, rBobWODzz4Z7ggRcue-5S1zJqTzvx0iusmvElXc34Cs.jpg [View same] [iqdb] [saucenao] [google]
16522170

>>16518679
>How come people don’t stack Bitcoin Cash?
We are stacking
>Is 21 BCH enough to make it sirs?
Go for 210 and even that is not a sure thing. But I think $1000 at some point is VERY realistic.

>> No.16522281

>>16522170
It was literally over $4000 last bull run. If BTC gets a new ATH we will atleast hit 4K again

>> No.16522320

>>16518679
People talk down BCash but it's going to pump hard next ATH. $10k wouldn't surprise me in the least.

>> No.16522339
File: 90 KB, 1280x720, AmauryNWO.jpg [View same] [iqdb] [saucenao] [google]
16522339

>>16518679
>Craig is not able to prove he is Satoshi
You fool, you've only to wait about 3 weeks until he starts moving Satoshis coins around.
When he does, it'll 10x overnight and 2x the night after
>>16518824
Neither BCH or BTC fully maintain the immaculately designed economic equilibrium ergo BSV is Bitcoin AND it's purposefully NOT listed on Coinbase because, you guessed it, it's going to become the worldwide settlement currency and crush ALL the other coins which, it doesn't take a genius to understand, is why crypto currency brokers and exchanges do not support it because it hurts their profitability.
>>16521065
Because it doesn't scale and therefore it costs a ludicrous amount in fees even to move just small amounts. It's been corrupted on purpose.
So too has CTOR corrupted BCH, the blockchain loses invaluable info e.g. metanet loses its transaction ordering when they order the transactions from 0-F in the block.
>>16522170
>>16521583
Lol, ain't nobody stacking this shit if it weren't on Coinbase and the others. If it was crushed by delisting it'd be single digits now, why hasn't that happened to BSV I wonder?
>Smart money
Is the answer

>> No.16522349
File: 1.26 MB, 1500x1008, 1525263087677.jpg [View same] [iqdb] [saucenao] [google]
16522349

>>16522281
>It was literally over $4000 last bull run
I had sell orders on Kraken for around 2500 eur I think, none went through.
The $4,000 was a very temporary fluke on a single exchange. I think 2500 for a day was the top.
BTC will not get a new ATH unless Tether go crazy with the printing, leaving no doubt that they're scamming.

However I'm pretty confident that my 150 BCH stack will multiply when used for SLP ICO-s. SLP tokens will provide a few moon missions and none-BCH-ers will miss them all.

>> No.16522411
File: 82 KB, 666x492, 3j1id3.jpg [View same] [iqdb] [saucenao] [google]
16522411

>> No.16522428

>>16522411
Kek, checked

>> No.16522541

>>16518824
Actually no.

>> No.16522555
File: 155 KB, 960x767, bcashlol.jpg [View same] [iqdb] [saucenao] [google]
16522555

>>16518854
Fees were high because bitmain spammed the mempool to make bcash seem legitimate.

>> No.16522569

>>16522555
Bitmain will be fine, bitcoin cash will be fine. Core supporters migrate over to help bitcoin cash when necessary.

>> No.16522590
File: 15 KB, 250x329, fiatpepe.jpg [View same] [iqdb] [saucenao] [google]
16522590

>>16519034
Holy shit I thought I was the only one on this godforsaken board hedged with both BCH and BSV. The in-groupishness of both camps makes it very hard to find anyone who can objectively look at both at the same time, but I have come to conclusions similar to yours, based anon.

>> No.16522608

>>16522555
kek. What happens when there's actually that much usage? Regardless of if its "spam" or normal usage, its still usage, and BTC cant handle it.

>> No.16522628

>>16522590
>>16520221

Recommended video: https://www.youtube.com/watch?v=hEYQD_IXMpc&feature=youtu.be

>> No.16522643
File: 407 KB, 717x541, 15757460754826054013654615508297.png [View same] [iqdb] [saucenao] [google]
16522643

>>16522555
>muh spam transactions
>muh bootleg goods
You people are painfully retarded

>> No.16522650
File: 50 KB, 640x480, B4229CBA-0107-4DA5-8C8A-D2DF543EB24E.jpg [View same] [iqdb] [saucenao] [google]
16522650

>> No.16522654

>>16522590
except for the part about outperforming btc nothing will in the next run you will see. alt season is a myth. if you look at the gains in any 3 year period btc is the absolute master of this universe.

>> No.16522717
File: 201 KB, 861x929, boomerinhell.jpg [View same] [iqdb] [saucenao] [google]
16522717

>>16522654
>master of this universe
kek, do you even know the original connotation of this phrase, my obvious zoomer friend?
All bantz aside, I also hold BTC for two reasons:(1) I think she has at least one run left in her and I don't want to unload where we are right now; (2) there is the possibility, however remote, that the BTC miners or Core come to their senses and lift the limit.
Long term, though, BTC is dead if it doesn't lift the limit. I know coretards are going to jump out of the woodwork to tell me why the limit is necessary, but please don't waste your breath, I've been in this game for a very long time and heard it all already.

>> No.16522737

>>16522717
>there is the possibility, however remote, that the BTC miners or Core come to their senses and lift the limit.

That will never happen.

>> No.16522769

>>16522737
I hope not. It would not be a very satisfying outcome after all the ledger fork drama. I would much prefer BTC maxis to be punished like they deserve.

>> No.16522803

>>16522769
Maxis are retards. Bitcoin is open source p2p cash. Not a brand, not a codebase. An open source concept tackling a problem with descriptions and examples.
Bitcoin is linux not coca cola.

>> No.16522851

>>16522717
agree with both 1 and 2 it's not about coming to senses tho it's about how and when the block will be increased. segwit 2x was riddled with bugs which is why in the end miners didn't activate it. full blocks proved to be a very good approach to scaling an long term viability. the block size must be increased but in a way that keeps the blocks always full. which is not as easy and trivial without monthly hardforks as it sounds. but i have faith that someone will figure it out.

>> No.16522868
File: 145 KB, 800x1200, 69f24f7252e7efa5c47f3308a43f4e8a60266ec8.jpg [View same] [iqdb] [saucenao] [google]
16522868

>>16522851
Heard it all before. You are an idiot and you probably weren't even around for the genesis of the stupid narrative you now parrot.

>> No.16522873

>>16522339
Are you actually this retarded or memeing

>> No.16522878

>>16522737
>>16522769
There is far more wrong with Core than just the limit. Namely Segwit. That chain is forever tainted.

>> No.16522879

>>16522851
When you have bugs in software at work you fix the bugs and resubmit. You don't walk away and forget about it. Don't blame that on incompetence. Blame it on malice and captured opposition.

>> No.16522898

>>16522803
i can see you are struggling with proper definitions lemme help you out

what bitcoin is:
- a trustless permissionless publicly auditable ledger that is also secure
- a non-custodial peer-to-peer electronic payment system
- a network of nodes enforcing a common ruleset shaping a common reality in a trustless manner
- the longest blockchain under the consensus ruleset with the largest commulative hash proven by a specific form of proof of work
- a protocol that describes how consensus is reached on ordering transactions and how difficulty and coinbase supply adjusts over time
- a greater consensus on the ruleset that governs the protocol
- a standard reference client implementation created by nakamoto and maintained as an open source project
- an unspent transaction output spendable by a script executing to true

what bitcoin is not:
- a whitepaper
- a gargantuan garbage dump of stale data stored immutably forever
- whatever satoshi said in a forum post
- whatever faketoshi dreams up in delirium
- whatever sv jeets shrill and rave about currently

>> No.16522912

>>16522868
if only you knew...

>> No.16522939

>>16522912
>if only you knew...
Thermos, is that you?

>> No.16522993

>>16522939
no it goes back way before theymos

>> No.16523151

>>16522898
Here I was thinking that bitcoin was
A peer to peer electronic cash system
Like the goddamn title of the whitepaper.
Thanks for typing all that nonsense to evade the fact that the very purpose of BTC has been compromised.
Good thing it lives on as separate distributions, like linux.

>> No.16523225

>>16522993
Why don't you share with the class then.

>> No.16523296
File: 391 KB, 1080x742, 1574917083593.jpg [View same] [iqdb] [saucenao] [google]
16523296

>>16518679
BRAAAAAAAAAAAAAAAAAAAAAAAAAAP

>> No.16523318

>>16523151
bitcoin is undoubtedly a peer to peer electronic payment system. i wouldn't say cash system for a single reason: the supply curve makes it impossible to function as cash.

>> No.16523419

>>16522643
Yeah because cheering for a blatant scamcoin isn't retarded in the slightest, faggot.

>> No.16523502
File: 26 KB, 400x462, disdain4plebs.jpg [View same] [iqdb] [saucenao] [google]
16523502

>>16523318
>the supply curve makes it impossible to function as cash
I'll take "Things I just pulled out of my ass" for 500, Alex.
You still haven't told my what "if only you knew" is referring to, so I'm also going to assume you're talking out of your ass on that one as well.
>>16523419
>muh scamcoin
That you're still posting two year-old memes about, kek.

>> No.16523543

>>16523502
i already said too much i'm just here to push the jets shit in, but i have been in this shit way longer than you imagine. there is a war going on for bitcoin governance and the reasonable ones lost every battle so far. when unlimited went full retard and capitulated i kinda lost hope for a while. but there is new hope. everything depends on how 2020 plays out. there is also a new danger far worse than the larping aussie faglord.

>> No.16523651

>unlimited went full retard
So you were for raising the blocksize cap but didn't want to it completely removed? Sounds like you got CORED

>> No.16523664

>>16523651
i was for raising the block size naturally with growing demand and the underlying infrastructure. but i was against a non-consensus hardfork. but now the situation changed arguments must evolve positions must shift you have to agree with your enemy to defeat him in the end.

>> No.16523737

>>16518679
Normies went to ETH last bull run when BTC was being slow
Normies will do the same again
BCH/BSV trying to piggyback off the BTC brand name will hurt it in the long run, since BTC is only used because it was the first coin

>> No.16523819

>>16523737
>since BTC is only used because it was the first coin
you have absolutely no idea what bitcoin is. there are tens of thousands of shitcoins out there it takes about 5 minutes to make your own "new and improved" one. none of them worth shit. and none of them will "flip" bitcoin. because in the end each and every shitcoin was made to make the creator/dev team rich. among other also very important things bitcoin is the only one where the creator did not exit scam.

>> No.16523900

>>16523737
I think the masses will flock to eth for loans when the rates are better than traditional loan avenues.
They won't care about cryptocurrency and may even have a third party provider doing all the technical legwork, at first.

>> No.16524438

>>16523900
>eth for loans
oh boy and how do you imagine that work? unless there is a larger than 100% crypto asset collateral you can't make smart contract loans and expect them to be paid back and if there is, taking out loans make very little sense.

>> No.16524882

Roger is part of the tether cartel.

>> No.16524923

>>16524882
proof?
no?
Fuck off.

>> No.16524954

>>16524923
Instant gratification?

Yes?

Lick my taint.

>> No.16524969

>>16524923
USDT is being transacted with on the local exchange.

>> No.16525122

>>16518842
quote source: https://old.reddit.com/r/btc/comments/5q5gk2/top_post_on_rbitcoin_about_high_transaction_fees/dcxijpg/

>> No.16525434

>>16523502
Deflationary currencies aren't good for investing in real world businesses and assets with

>> No.16526088

>>16519034
You've legitimately convinced me. This is hands down the only argument to buy BSV that I've ever seen that isn't retarded, and one of a small few for buying BCH that isn't retarded.
I'm going in.

>> No.16526168

>>16526088
Please don’t, we don’t want you.

>> No.16526662

BTC,BCH,BSV is master race.

>> No.16527005

BCH is dead becuase they arent real capitalists

/thread

>> No.16527022

>>16518910
BCH is like Dero with the anon parts, at least he scale.

>> No.16527031

>>16527022
without*

>> No.16527129
File: 239 KB, 600x900, 1574191273717.jpg [View same] [iqdb] [saucenao] [google]
16527129

>>16522555
>Fees were high because bitmain spammed the mempool
>spam
>bitcoin

Sounds like you're not talking about Bitcoin, nigger. Lmao

>> No.16527157

>>16522898
>a non-custodial peer-to-peer electronic payment system
>isn't suitable for payments

What did Corecucks mean by this?

>> No.16527174

>>16523664
>I was for centrally planned blocksizes because I'm a retarded communist who cares only about power