Meanwhile, take a look at the total amount of bids on Bitstamp: Bitstamp | Total bids: 39490400 USD. Total asks: 3824 BTC. Ratio: 10324.70656 USD/BTC. | Data vintage: 0.0150 seconds
This is by far higher than we've ever seen. If this isn't clear and shady market manipulation, then I don't know what is. It may be time to drop some lawsuits. I was wondering, maybe one of you knows, how come the prices on various exchanges are so close most of the time ? Are there whales arbing like crazy ? |
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BCH Update
Blockchain Overview
There have been 1112 blocks mined since the hard fork.
(1577 blocks behind the original chain)
The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.
The original chain has grown 2.30GB more than the Bitcoin Cash blockchain.
It is currently 119% more profitable to mine on the Bitcoin Cash blockchain.
Current price= $858
lets take a look on that after the Incoming dump ....indeed ,also lets take a look at it after the difficulty adjustment Pesky Bitcoin cashers  |
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BCH Update Blockchain Overview There have been 1112 blocks mined since the hard fork. (1577 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty. The original chain has grown 2.30GB more than the Bitcoin Cash blockchain. It is currently 119% more profitable to mine on the Bitcoin Cash blockchain. Current price= $858 https://cash.coin.dance/blocksBitcoin Cash There have been 78 blocks mined since the hard fork. (563 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 26% of the original chain's difficulty. The original chain has grown 501.30MB more than the Bitcoin Cash blockchain. It is currently 238% more profitable to mine on the original chain. |
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There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.
..so you do agree then, It was not pretty- and it is not over yet, and not to mention that the next one probably even less pretty. Yes exactly price matters- and so does perception and ..........trust. See what happens to the price, if the perception of the trust in cryptocurrency goes down the pan. Hence my original point. (I just want us to move past the scaling issue- it would be really great for it to be in the rear view) |
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Then you show them the price chart and suddenly they experience very different emotions.
yeah...no their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me. Anyway. Do you disagree that the decision mechanism worked as intended? The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both) ... an my poor grandmother doesn't know which one to buy You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted. In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not). Mechanism worked- people = shiddy as usual Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys. Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done. Sour grapes? ya got me confused I am not sour about anything buddy- why would I be? I am not actually emotional about it at all- no need to get personal I am having a bit of a laugh.. much like everyone else that witnessed the fork situation I am afraid (and that was my only point - that to the world at large the fork situation ..... it ain't pretty - do you disagree? |
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Then you show them the price chart and suddenly they experience very different emotions.
yeah...no their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me. Anyway. Do you disagree that the decision mechanism worked as intended? The decision mechanism thus far seems to have simply be to call two things Bitcoin - albeit with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both) ... an my poor grandmother doesn't know which one to buy The ultimate attack - Bitcoin Cash should have just left the word "Cash" off and gone the whole hog and just called themselves Bitcoin- really fuck with people to make them totally cool with throwing a few more tens of billions into the market It ain't been ideal. Mechanism worked- people = shiddy as usual Once again I know how we got here... Just meh Cant wait for BTC to move past all this personally. Not celebrating free money - would rather people were on the same page. Not saying there was another way around it.... Just wish there had been. Onwards nevertheless |
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....one thing I know - is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says "glad I am not involved with that shit" No matter how you dice it- its a shitshow. One I would much rather had been resolved in another way What better way is there of deciding the path forward for a decentralized cryptocurrency than the market? Perhaps you would prefer some sort of cabal dictating the right answer to the market? Don't get me wrong- the free market is the way to it will be decided...100% and so it should be I just wish it could have been resolved another way- a way that did not involve playing chicken with $60 billion dollars on a global stage. I do get how we got here... I just dont want to see this: Marketcap 1) Bitcoin $0 2) Bitcoin Cash $0 3) Bitcoin Segwit x2 $0 4) Bitcoin Blockstream Satellite only $0 5) Bitcoin What another one? $0 6) Bitcoin This is getting silly now $0 7) Bitcoin Really? $0  Bitcoin Trash $0 9) BitcoinKil me $0 |
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....one thing I know - is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says "glad I am not involved with that shit" No matter how you dice it- its a shitshow. One I would much rather had been resolved in another way Then you show them the price chart and suddenly they experience very different emotions. Look people, it's done. Get over it and focus on the future. This is becoming increasingly nauseating. ...dealing with the present at the moment Looks to me that we are in the middle of something |
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^^ ...but you have an alternative cryptocurrency that you can use though right? no one is forcing you to use either BTC or BCH...
me neither for that matter.
Markets...they are all bitcoin, when we want to swap an alt...we will have to pay extra for using segwitcoin version...so will the exchanges and miners and pools ...everyone! thats just a few of the top of my head, theres alooot more. No one will be forcing any of them to use either BTC or BCH or SegwitX2 - the market , the exchanges, the users ,the miners they can all decide and they all have the free choice to use either, both, or neither. Free market and all that. They/we are deciding right now. Currently bch is treated like and alt by exchanges and forums, this will change. I reject your wild conspiracy theory. The collective market will decide one way or another - of that we can be sure. |
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....one thing I know - is that the looks on peoples faces,people that you have spoken to about Bitcoin for years, that are sceptical or on the sidelines - the look on all of their faces when you explain Bitcoin and the Bitcoin Fork Bitcoin Cash is pretty much conclusive... and it is a look that says "glad I am not involved with that shit" No matter how you dice it- its a shitshow. One I would much rather had been resolved in another way |
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^^ ...but you have an alternative cryptocurrency that you can use though right? no one is forcing you to use either BTC or BCH...
me neither for that matter.
Markets...they are all bitcoin, when we want to swap an alt...we will have to pay extra for using segwitcoin version...so will the exchanges and miners and pools ...everyone! thats just a few of the top of my head, theres alooot more. No one will be forcing any of them to use either BTC or BCH or SegwitX2 - the market , the exchanges, the users ,the miners they can all decide and they all have the free choice to use either, both, or neither. Free market and all that. |
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^^ ...but you have an alternative cryptocurrency that you can use though right? no one is forcing you to use either BTC or BCH...
me neither for that matter.
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No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?
If the Blockstream satellite project does not transmit the actual blockchain- then it will be irrelevant Its very value is that it will relay THE blockchain - as in what is agreed upon by consensus - it will not override the blockchain Yes. The consensus of the miners allowed* on the relay network. So called 'important' independent nodes need not apply. Surely the consensus of the miners of BTC blockchain is the consensus of the blockchain though?- satellite or no satellite.. If blockstream go off on their own tangent as you suggest will they then be creating something other than the BTC chain... miners can react accordingly. Are you suggesting that somehow the Blockstream satellite broadcast of the chain will overrun and ACTUALLY FOR REAL take over the network/ BTC chain i.e the longest running chain with the majority of hash power? and somehow subvert it to essentially BlockstreamCoin ? |
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Talking of which - fresh off the block BCH update Blockchain Overview There have been 1016 blocks mined since the hard fork. (1454 blocks behind the original chain) The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty. The original chain has grown 2.11GB more than the Bitcoin Cash blockchain. It is currently 0% more profitable to mine on the original chain. https://cash.coin.dance/blocks |
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83% in a few hours... That escalated quickly!  Perfectly organic. Nothing unnatural about it at all. ...and soon (next few days) difficulty will adjust- then we will see the next stage in the war - when mining profitability reaches parity with BTC/becomes more profitable it will be interesting to see if the miners are willing to switch on a knife edge...... or if they prefer to stay put and protect the BTC chain I wonder if the current 90-95% "unknown" miners mining the BCH chain will make themselves known at any point... |
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100%...not worth my while to touch the cold keys for this BS
100%. But at what price does it become worth it? Is this a test? yes it is a test... are you willing to sacrifice your profits and backing on a 3rd party segcoin and sell out the future for everyone? or will you continue with the vision of the creator of crypto...no 3rd parties ever, no matter how much money is involved? in a much fairer system, the one we are all familiar with. What's you BCH percentage since fork? Have you already sodl all your BTC to buy more BCH? ..... I imagine he has dumped all of his useless pesky BTC Amiright? |
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... I am a pig. Close to 150% I supposse you incremented your amount by selling high and rebuying low, didn't you? Yup- thanks to Finex |
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... I am a pig. Close to 150% (ps just because) (pps I did not pay a single cent for them though ) |
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BCH update
There have been 1014 blocks mined since the hard fork.
(1451 blocks behind the original chain)
The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.
The original chain has grown 2.10GB more than the Bitcoin Cash blockchain.
It is currently 19% more profitable to mine on the original chain.
Current price: $465 ish
(ps it is now 91-95% mined by "unknown")
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