BCash is having some extreme issues this sort of asset can fall to really new lowest because it cannot get any support from lightning network.
You need to rethink your assumptions. Bitcoin Cash -- neither ABC nor SV -- want anything to do with LN. However, if they did, it would be a simple matter to add support for 'Lightning Cash Network'. But what would be the point? What with LN currently unable to transact in anything more meaningful than a bumper sticker. Roger Ver has been rejected for the support from the opennode
Support? You really do have a simplistic view of the world, don't you? Turns out Roger's offer of $1.25M USD (or whatever the sum) was insufficient for OpenNode to totally scrap their business plan, and revector entirely to a different infrastructure layer. Oh well. this asset is next to 0
Especially funny given your username. Bitcoin Cash is not the market cap leader at the moment. But it certainly is not 'next to 0'. You know what it's next to? At #4, it is next to #3 -- XRP -- which really isn't even a cryptocurrency in the true definition of the word. So it's kind of next to #2 Ethereum - which having an unbounded supply, also fails the 'money' test. Which kind of makes it #2, which would be kind of next to Bitcoin Segwit. You know what Bitcoin Cash is not 'next to'? Bitcoin Cash is not 'next to' Bitcoin Diamond, which seems destined to always be a fourth-rate also-ran. roger ver has even sold most of the BCash
I would like to see evidence of that assertion. That is, if you're not just pulling shit out of your ass and throwing it. Just stop. It's unsanitary, and it just stinks up the place. Of course, that's obviously your intent.
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Thanks for the info. Crib if you care to:
Hon. Richard M. Berman
United States District Judge
Daniel Patrick Moynihan
United States Courthouse
500 Pearl St.
New York, NY 10007-1312
Dear Judge Berman:
I understand that you will soon be conducting sentencing in the case of SEC vs Jon E Montroll. I write you as one who has been wronged by this convict.
Fraudster Montroll, as near as I understand, created an overseas ‘crypto exchange’, known at least informally as ‘weexchange.co’. Believing this to be a legitimate business run by honest principals, I deposited a number of Bitcoin (BTC or XBT) and a number of Ripple (XRP) with this ‘exchange’.
The business seemed to operate in a legitimate manner for some time. However, as is now apparent, the business seems to have been merely a front for a fraudulent partial reserve scheme to steal depositors’ funds. Ultimately, all my funds deposited with this organization were absconded with.
The manner in which my funds were stolen is not clear to me. As the business’ nefarious activities started to become apparent, all meaningful communication with it came to a close, and inquiries went unanswered. I imagine the court has probably uncovered a mountain of evidence as to the nature of the swindle.
To add insult to injury, Mr Montroll has made no effort to make restitution to his victims. He has continued to act in an opaque and cavalier manner, being non-responsive to any inquiries from the wronged parties. He has refused even to acknowledge the amounts stolen from the victims. This displays a contempt of those upon whom he preyed.
The bottom line that I wish to convey here is that I – as many others – were grievously harmed in the illegitimate actions of this Jon Montroll character.
I understand Mr Montroll has been engaging delaying tactics on his sentencing. He is evidently attempting to use this time to ‘stuff the ballot box’ with glowing third-party descriptions of his character.
Frankly, what Mr Montroll’s friends, family, acquaintances, and paid shills think of him is irrelevant in this matter of justice. Mr Montroll defrauded many innocent people out of vast sums of money.
Mr Montroll should be sentenced in line with any other common grifter who preys upon innocent bystanders. Period.
I understand that each count calls for a maximum imprisonment of 20 years. I understand also that a lenient apologist court might sentence him to as little as one year of probation. While I cannot pretend to know the standards by which the court might sentence such a miscreant, given the nature of the fraud, the sheer amount of unjust enrichment, and the cavalier treatment of those left broken in the wake of his misdeeds, meaningful prison time is certainly warranted.
Thank you for your consideration of this – one of many – victim of the convicted.
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It seems to me that fully decentralised exchanges, could have a tough time regulatory wise,
I don't see how. If an exchange were truly decentralized, there would be no handle which the state could grab in order to inject its desired regulation. Sure, they could pass laws. But that would be tantamount to prohibiting person to person sales of anything and everything (i.e., used cars, beanie babies, garage sales, ...). Something that today exists -- at least in the USA -- only for very limited classes of goods such as firearms.
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Here’s the thing. If you keep pumping a shitcoin run by a money launderer and a con man, but you won’t even commit to that shitcoin, then you will justifiably be called out as a hypocrite and shill each time you raise the issue.
Unless you're running your entire life free of fiat, you've got no room to spout off. You are undoubtedly clever and undoubtedly deliberately obtuse. Your comment would carry weight if I was shilling the virtues of fiat over Bitcoin. I am not. Don’t come into our house and shit on the floor and expect not to be consistently challenged over it. Alternatively accept that this is a Bitcoin community, and conduct yourself accordingly. The choice is yours. Indeed, the choice is mine. When confronted with misunderstandings, untruths, or lies about other satoshi forks, I will continue to inject some much-needed corrective perspective. This 'house' is not yours. It is theymos'. And through delegation, infofront's. You have no power here. If theymos, infofront, or another delegate deign to shit-can my posts, then so be it. But all your yapping is just so much impotent bullshit. Incidentally, I am not 'shitting on the floor' as you so eloquently phrase it (not). The only negative comments I voice here about BTC are truthful observations of the inherent properties of that fork, or logical speculation based upon those properties. <edit> Oddly enough, your suggestion for me to diversify totally out of BTC in favor of the other satoshi forks would actually provide incentive for me to act in the manner in which you incorrectly ascribe to me. Perhaps some self reflection upon your actions and utterances would be beneficial to your likely goals. </edit> So get the fuck out with your attempted behavior modification. Or don't. I don't care.
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Sure. We've got a deal. I've already put my money where my mouth is. And I'll keep espousing how SV retains more of the properties of Bitcoin than does BTC - which added all manner of unnecessary counterproductive cruft.
And we'll keep reminding you of predictions you made that came to be flat out wrong, which are most if not all. Bitcoin is thriving, shitcoins are dying, I don't see what the problem is. I don't see what the problem is either. Other than HairyMaclairy seems to think they will be able to modify my behavior in some manner. But that's not my problem.
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Here’s the thing. If you keep pumping a shitcoin run by a money launderer and a con man, but you won’t even commit to that shitcoin, then you will justifiably be called out as a hypocrite and shill each time you raise the issue.
Unless you're running your entire life free of fiat, you've got no room to spout off.
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Hey Jbear have you gone all in on SV yet? If not, what’s the hold up?
Jeebus. This shit again. What bidnez is it of yours? None. FWIW, I have already posted several times that I hold many more units of BCH -- and thereby SV as well as ABC -- than BTC. A trade for which I am now unfortunately underwater. By an entire four-tenths of one percent. How about this. You stop spreading Bcash propaganda on this thread and I’ll stop asking you to put your money where your mouth is. Do we have a deal? Sure. We've got a deal. I've already put my money where my mouth is. And I'll keep espousing how SV retains more of the properties of Bitcoin than does BTC - which added all manner of unnecessary counterproductive cruft. At least when provoked, which is pretty much only when I go off on that topic. You, of course, are free to do what you want.
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The reason why people don't always want bigger blocks is due to centralization risk.
Basically assume BSV has an 128MB block thats completely filled up. If a miner finds a block but he has a slow internet connection and takes him a few seconds longer to upload his block data while at the same time another miner with a faster internet connections finds it a few seconds later but gets it sent to the nodes first, his block will get accepted instead.
Silly. If a miner is slow to propagate his block, he stands a higher chance of having that block orphaned. This is true. But this is true regardless of the block size. Which, of course, is why miners -- who tend to have relatively large investments in mining hardware (e.g. multiple millions of USD) -- tend not to skimp on the mechanisms employed to get their blocks propagated with All Due Alacrity. If not, then too bad, so sad. They get outcompeted. Waah. Another issue is that size needed to run a node. Look at ETH, I am pretty sure its almost at 1TB and because of this reason many people don't want to run a node. Since more bandwidth and more hard drive space cost more money.
Intentionally crippling the greatest tool for liberty mankind has known in the last century, just to satisfy some Raspberry Pi fetish, is lunacy. Not to mention counterproductive. As the cost of on-chain transactions is fated to again reach stratospheric levels.
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Good. Is there a mechanism for claiming our stolen BTC and our stolen XRP? I note the adjournment is now in the past. Any report on the sentencing?
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Haha. BitMEX appears an exit scam waiting to happen, but merit where merit is due.
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you really think bitcoin could reach 40k in the same time frame.
Why yes. Yes I do.
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Hey Jbear have you gone all in on SV yet? If not, what’s the hold up?
Jeebus. This shit again. What bidnez is it of yours? None. FWIW, I have already posted several times that I hold many more units of BCH -- and thereby SV as well as ABC -- than BTC. A trade for which I am now unfortunately underwater. By an entire four-tenths of one percent.
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Re batching, I don't see any problems with hubs on L2 when L1 is decentralized, hence tx are still permissionless.
For multiple individuals opening LN channels through batching, some intermediary is required in order to create the batch. Hence, not decentralized and not permissionless.
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That calculation is factually incorrect requires some assumptions that may or may not be reasonable: 1. earth has 7.9 bil inhabitants, not 10. In decades to come? All projections of which I am aware conclude the earth's population will continue to increase. 2. out of 7.9 bil inhabitants, 25% are children below age 14, so total number of transactionally able is not more than 5.9 bil.
In decades to come? All projections of which I am aware conclude the earth's population will continue to gentrify. As if tweens and even chillens are to be locked out of ability to buy bubblegum? 3. tx can be batched.
'Splain me how one onboards _individuals_ in a permissionless decentralized manner using batching? Conclusion: even without batching upper bound is 83 years.
Only 83? Such a timeline. So, barring any breakthoughs in life extension technology, we'll all be dead before the world can be onboarded to LN. Got it. (Note: underlines and strikethroughs are mine, not in the Biodom original. duh.)
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Wow! If I had waited much longer, I might have been SOL! It took me 29 hours to ready myself for Proof of Keys. Bring it on! Can't thank you enough for the reminder jbreher ::wink:: I still have not bought the cap*. Does that mean I'm not ready? *commemorative only. no proceeds to be had, let enough to donate anywheres deserving or not ** not a genuine xhomerx10 cap, of course. The Mayer proof of Keys honeybadger cap. Available for virtue signaling at an oh-so-nominal charge. <Theodore 'Ted' Logan voice> Happy New Year, muh compadres </Theodore 'Ted' Logan voice>
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When will you understand that even if Core was on board with whatever proposal to increase the blocksize (let's say, the 2x segwit thing back then) it would still have created a division in the community, thus 2 different competing altcoins, and as a result an overall loss of the network effect and thefore value of Bitcoin? (see, Bitcoin Cash ABC vs Bitcoin SV nonsense).
Nonsense. Core drove division by their refusal to scale on chain, and by pushing their (maybe it will pay off some day in the future) segwit nonsense instead. In contrast to the abolition of the 250K soft cap and the 500K soft cap before then, which were both non-events. Back in 2011, 'everybody knew' that we would just bump up the block size before blocks became persistently full. But no. Veer left -> ludicrous tx fees -> loss of dominance.
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Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday?
As I understand it, that is the reason that date was chosen for PoK.
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Now sv are posting here before it was core spreading shit. How do you explain it?
Being forks of each other, ABC and SV share a common heritage. As such, this thread is as applicable to SV as it is to ABC.
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I think we should expect dominance to continue falling over time regardless of any fundamentals. Due to altcoin proliferation and ridiculously large circulating supplies, the dominance factor can be heavily exaggerated by any bull run in the altcoin sector.
The point is that, if core had not intentionally crippled BTC's ability to scale on chain, due to their insane Raspberry Pi fetish, there would be no reason for 90% of these other coins to even gain a toehold.
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