Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Sachinist on November 17, 2017, 01:15:44 AM



Title: May I propose a toast...
Post by: Sachinist on November 17, 2017, 01:15:44 AM
to all the smart folks who fell prey to BCH pumping scam orchestrated by jihan and roger?  ;D

Bcash = Trash

Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.


Title: Re: May I propose a toast...
Post by: o_e_l_e_o on November 17, 2017, 01:22:50 AM
Yes, BCH was pumped and dumped, and yes, a lot of people fell prey to it and lost a lot of money. I wouldn't be happy about it though - a lot of these were regular people who invested their hard earned money, only to be scammed. It's sad for the whole community.


Title: Re: May I propose a toast...
Post by: squatz1 on November 17, 2017, 01:26:43 AM
Yes, BCH was pumped and dumped, and yes, a lot of people fell prey to it and lost a lot of money. I wouldn't be happy about it though - a lot of these were regular people who invested their hard earned money, only to be scammed. It's sad for the whole community.

Twas bound to happen, everyone just went onto the BCH train in order to try to make some quick cash, and the thing that happens with quick cash is that it is never quick nor is it safe to try to profit from.

The people who lost money, will hopefully take their money and put it into BTC helping us out on growth.

Fuck Jihan and such though.


Title: Re: May I propose a toast...
Post by: LoudA__ on November 17, 2017, 01:27:25 AM
to all the smart folks who fell prey to BCH pumping scam orchestrated by jihan and roger?  ;D

Bcash = Trash

Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.

I think we should not propose a toast but, Let's take a moment of silence for those who fell prey to what had happened, poor people. We can conclude here that not all pumping altcoin will be always going down, the more they wanting to go up, the more faster they will hit the land. I think they reference that from a story we always read in our early days.


Title: Re: May I propose a toast...
Post by: odolvlobo on November 17, 2017, 01:49:27 AM
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.

OTOH, good luck using your bitcoins when a transaction costs $100.


Title: Re: May I propose a toast...
Post by: Sachinist on November 17, 2017, 01:53:59 AM
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.

OTOH, good luck using your bitcoins when a transaction costs $100.


off-chain


Title: Re: May I propose a toast...
Post by: majezik on November 17, 2017, 02:04:16 AM
I feel sorry for the greedy people. The aim in this market is to win without losing money. If you get greedy on every job, you'll be disappointed.


Title: Re: May I propose a toast...
Post by: Oliver2 on November 17, 2017, 05:16:54 AM
I think there is an optimistic attitude toward Bitcoin. The purpose of buying bitcoins is to make money. Therefore, since we choose to invest in bitcoin, we should be responsible for our own decisions and remain optimistic.
 8)


Title: Re: May I propose a toast...
Post by: Piercoin on November 17, 2017, 05:28:34 AM
Thank you for the toast. BCH made me win 400 USD  ;D


Title: Re: May I propose a toast...
Post by: Kakmakr on November 17, 2017, 06:29:59 AM
I think it is a bit early for that toast. Roger Ver and his Billionaire buddies are not finished with this yet, because they have millions invested to bring BTC down. Some of the biggest miners are also backing their efforts, so we still have a fight on our hands.

They used the Bitcoin Cash pump to make even more money and that money will be used to strengthen their attacks against BTC. <Core>

I will have some drinks over the weekend and I will toast on a small victory, but I know the Battle has not been won.  :(


Title: Re: May I propose a toast...
Post by: odolvlobo on November 17, 2017, 08:16:02 AM
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100.
off-chain

Not so fast. If a transaction costs $100, it will cost $100 to open the channel (and then another $100 to close it).


Title: Re: May I propose a toast...
Post by: Sachinist on November 17, 2017, 02:36:05 PM
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100.
off-chain

Not so fast. If a transaction costs $100, it will cost $100 to open the channel (and then another $100 to close it).

wrong. why would it cost $100 to open a channel? besides, $100 is a grotesquely inflated number you plucked out of thin air.


Title: Re: May I propose a toast...
Post by: odolvlobo on November 18, 2017, 04:14:39 AM
Good luck with the brilliant on-chain scaling idea. After 8 years, Bitcoin block size is only 132 GB. In 4 months, BCH will double the block size. BCH is miner fascism.
OTOH, good luck using your bitcoins when a transaction costs $100.
off-chain

Not so fast. If a transaction costs $100, it will cost $100 to open the channel (and then another $100 to close it).

wrong. why would it cost $100 to open a channel? besides, $100 is a grotesquely inflated number you plucked out of thin air.

If a transaction costs $100 and opening a channel (such as with the Lightning Network) requires a transaction, then it will cost $100 to open a channel in order to spend your bitcoins.

$100 is not a grotesquely inflated number. If the max block size stays at 1 MB, then it could easily go to $100. The transaction fee has gone up by a factor of 10 in the last couple years. It has risen as high as $10 this week and I don't see why it couldn't go up by another factor of 10 in the next couple years.