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7739948 No.7739948 [Reply] [Original]

Miners do indeed chase profit, that’s precisely why I believe a switch to BCH is imminent, they stand to make billions from it.
At some point, some point very soon, the SHA256 miners need to pick a winner between BTC and BCH.
The miners don’t benefit from LN. The miners don’t want LN. The miners want a return to the original design of on chain scaling. BCH is a return to on chain scaling.
The largest miners are the very people who have been supporting Bitcoin Cash. Look at the largest BCH address here:
https://bitinfocharts.com/top-100-richest-bitcoin%20cash-addresses.html
That 440,000+ BCH belongs to a group representing the majority of bitcoin hashrate. They have not been selling, they have specifically been hoarding BCH while waiting for the infrastructure to be put in place to ensure a smooth transition.
That infrastructure is almost complete. Trading pairs on exchanges, BTC to BCH shapeshift built into major wallets, Bitpay adding it as a default option on all invoices.
When the miners finally flip the switch the BTC chain will grind to a halt, as it crashes it will take every paired alt with it leaving only BCH as a green lifeboat in an ocean of red.
Bitcoin is a system of economic incentives.
When the flip happens that BCH will hit $10k easily, making that hoard worth $4.4Billion and growing. Bitcoin will regain its squandered network effect and become unassailable as the future of money.
It’s almost time.

>> No.7740032

Miners are the main thing fuding me from btc.
And I'm not alone.

>> No.7740075

Yeah sounds great, majority holders are majority processors.
Obviously they want it to succeed as they will have more control.

Not exactly the point of bitcoin.

>> No.7740111

Pow is gay as fuck and is going to die very soon.

>> No.7740235

>>7739948
More retarded FUD... move on.
If the "BIG" miners leave only to have more profit, many small mining farms will appear.

>> No.7740252

>>7739948
This is why Blockstream has a couple of companies working on ASIC miners.

The problem is none of them released any yet, the second problem is, they won't give them to you or I, just their friends.

Again, destroying the argument that it's decentralized.

Most of us that have watching Bitcoin since 2012 know what bullshit Core is and the empty promises they've made over and over again. Their only saving grace is the newcomers who know nothing about its history who blindly follow it to the death.

Look idiots, trading against BTC was something you did before 2016. It made sense because 90% of the coins out there actually did fail. Feathercoin, BBQcoin, Kanya coin, Crypto shekels have all failed and never made it. Today, that's not the case. Dogecoin is not failing. Litecoin is not gonna fail. Ethereum is not gonna fail. Etc. etc. And every single one of them has outperformed BTC overall in the long run.

>> No.7740285
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7740285

BCore is a dead man walking. They know LN can not scale in the time-frame they need. They know Bitcoin cash is being adopted by Merchants at breakneck pace. They know their shills are being BTFO in every forum they show their face

It's over for Bcore. Bitcoin Cash is taking over and it will be majestic

>> No.7740312

>>7739948
Pssst Ethereum

>> No.7740327
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7740327

Nice shill thread for the chinese counterfeit.

>> No.7740351

>>7740285
> They know LN can not scale in the time-frame they need.
According to the LN whitepaper it scales up to 100000 users online at the same time.

>> No.7740357

>>7740351

>Bcore cannot read to the end of the sentence

Wow! quit posting any time

>> No.7740390

No one uses BCash, it isn't traded for ANY altcoins.

You'd have to be fucking completely retarded to think it will overtake Bitcoin.

>> No.7740402
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7740402

>>7740357
DIE BTRASH!!!!!!

>> No.7740418

>>7740390
The flippening won't happen overnight, you're starting to see pairs pop up already and it's only a matter of time before it's the standard

>> No.7740443

>>7740390
They are paid pajeet shills.. ignore them.

>> No.7740484

>>7739948
Miners are an outdated approach. PoS solves every single problem.

>> No.7740502

>>7739948
Nice bought 100k

>> No.7740523

>>7740252
> they won't give them to you or I, just their friends.
Unironically take risperidal

>> No.7740633

>what is the value of network effect?
Fucking retard, when LN starts being videly used (look at ln nodes growth, you cant deny it's coming soon), btc will have it's holly grail of scaling...which will make the price skyrocket....onchain transactions are still going to be needed to close/open/replenish channels so miners will always bè needed, they are going to be incentivized to mine on the most profitable chain