The Bitcoin Cash team is actually looking into implementing a much "quicker" adjustment times of the network difficulty.
At least officially it's under the guise of making it easier for miners to adapt so they can earn more profits. But in reality it's a fact that their team controls around 60% of the hashrate, so all that does is give them much more flexibility in manipulating the network to their will.

It's also very strange that one of the biggest promoters of Bitcoin Cash, Jihan Wu, would act in favour of blocking the SegWit2x fork, which was immediately followed by a pump of the Bitcoin Cash value. I highly doubt the timing was a coincidence and if you consider the fact that these individuals control a very large amount of both currencies it would not come as a surprise if they flipped their own BTC/BCH to start a FOMO pump.

While Bitcoin is definitely quite centralized, mostly due to the fact that China and the US jumped in first with a massive headstart, I don't want to have anything to do with the shady behind the scenes kind of bullshit that Jihan and his goons are pulling off and I'm hoping that new competitors like GMO in Japan and some others will actually bring some fairness back into the scene.

It is the altcoin that everybody thinks it is. It just happens to have very wealthy individuals manipulating the mining network, the market prices and public opinions purely out of greed.

It already got beyond 100 sat though. Probably will again.

There's nothing in my statement that makes Bitcoin in any way or form a ponzi scheme. By your definition of a ponzi literally the whole human economy is nothing more than a ponzi scheme.

I'm well aware that most people only thing with their wallet. But I refuse to support human trash like the Bitcoin Cash founders. It's easy enough to make profit without supporting scams or other types of manipulators, but have fun with that.

I don't see how getting rid of Cash would impede on our freedom, as long as it's not replaced by purely fiat transactions.

The thing with shorting is that it can go horribly wrong very quickly. When I don't have anything else to do I sometimes set a small portion of my holdings aside for trading, but that is mostly out of boredom.

I don't pick altcoins that don't have a very realistic chance to sustainably increase in value over long periods of time, because I don't really care about playing the games that traders and whales are into. I just want to support strong projects with my investments and eventually get a share of the profits in return.

Nothing wrong with trading though, I'm sure it would've been a lot of fun to me when I was in my teens. But now there are too many other things that I want to do to bother with flipping numbers on a computer screen.

Very nice!

Since you're "only" being hopeful about going mainnet at the end of the month, what do you think the latest date at which the mainnet will go live could be?

I don't know where he got his estimate, but it's very much in line with reality. Just look up some reports about cloud computing and projections. It's not difficult to snatch a 1% market share which would already put SONM at $1.3 billion at today's values. This number will grow rapidly with the increased demand in cloud computing alone. If SONM manages to increase it's market share that would drastically improve its valuation too.

Note that he actually said in about 5 years, which is quite a stretch from 2018. In 2018 $1 will be pretty easy, which would imply a market cap of only 400 million.

Counterparty wallet didn't let me sweep either.

What is happening with the NVO wallet though?

I'm staying out of Bitcoin Cash too. I don't even care if it could make me profits, the people who created it are morally corrupt and don't deserve any kind of direct or indirect support.

Bunch of bored people as well as a bunch of manipulators. Nothing that is unique to Bitcoin.

Projects failing or not has nothing to do with the platform they are created on.

There are far more dead/shitty ERC20 coins than Waves coins, simply because the platform existed for far longer.

That's not really true. It will take some time but unless Bitcoin stabilizes around trillions of dollars, there will eventually be an altcoin that will be worth more than Bitcoin. It's just a matter of time before the first altcoin reaches a value in the $100 to $500 billion range and beyond. A portfolio of alts (similar to an ETF) could even be worth trillions. Granted this will take 5-10 years or longer, but it will most likely happen.

It's a tiny drop... Even if it dropped to $5000 that would still be insignificant. It's a normal correction and happens every time it pumps.

Meanwhile Bitcoin Cash is obviously being manipulated by Bitmain.

Could easily be in the hundreds of billions around 2027~2030 if it follows similar growth patterns to other tech companies.

Visa cares about one thing, money. If they can create a scenario in which they can profit while keeping their name clean, they will most likely go that route. And if it came to public attention that MonaCo baited and switched investors with the asset contract, Visa would simply play oblivious to the fact and get off scot-free.


By the way, with 20000 cards and an average of $1000 transaction volume per year, that would make the dividend of a single token $0.7 per year.

And that's only the amount of cards that was ordered since the ICO. At the same rate there should be more than 100k cards at the end of next year, so each token would give a yearly dividend of more than $3.5 per year. Imagine you bought 10k tokens at $2 for $20,000, then you would be getting $35,000 for your investment every year from 2019.

And this number would grow very quickly as the amounts of cards increase. If cards kept getting ordered at the same rate, in 2020 the same investment would return $70,000 in dividends, and in 2025 the dividend would be $245,000. In 2030 this would be more than $500,000 per year. So in total we'd get a return of at least $2,730,000 at the end of 2030 out of a $20,000 investment with at least $500,000 of extra income per year from that point onward.

And in reality the amount of cards should be going up much faster because of active marketing, which so far MonaCo didn't really do.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

Governments don't think forward though. Most politicians are just slaves to money and it's virtually impossible to really push humanity forward through political means.

Definitely not going to happen. If China really disappeared from the crypto market (and investors won't give a shit about laws, they will keep trading anyways if the rest of the world does too) the prices will simply go down and a lot of people will happily buy up the cheap coins.