Well, no. 'New lows' for Bitcoin Cash would be below $205.

No wonder you don't like Bitcoin Cash - everything you 'know' about it is just plain false.

$500,000/BTC is very close to the point where the market cap would equal the market cap of gold. At least in today's dollars. I really don't see any scenario where we could go higher in real terms. Of course, we could (probably will) have runaway inflation of the USD. Such could result in a dollar price above this, But I personally don't see a scenario where the totality of bitcoin becomes valued as higher than the totality of gold.

I'd be happy to be surprised in this manner, however.

If they did not go through fiat, certainly I would argue. But I thought the discussion was cashing out of Bitcoin Cash.


No - a spinout as described above. These things happen to stocks from time to time. Use that model. Hence, my HP example.

Hey, now. It's not my 'if' - it's coinosphere.tk's 'if'. I didn't set up the hypothetical. I was just fixing the conclusion.

Granted, we're in somewhat uncharted territory here, but I really don't see what the problem is. For 'merkans, probably the closest model is a corporate spinout - like when HP (HPQ) split into HP Inc and HPE. On the day of the split, the cost bases were adjusted (or determined). The value of HP Inc stock plus HPE stock at t=0+ was equal to the value of HPQ at t=0-. No taxable event, just an accounting adjustment to the cost basis for when you actually do sell.

Of course, when you do sell, that is a taxable event. Did you expect otherwise? Of course the IRS is gonna get a share of your windfall. But using this model*, the tax would be owed upon the gain, which would be based upon the cost basis determined at the fork -- not on the entire value of what you are selling.

*Again, this is likely uncharted territory. But this is a perfectly fine model. I can't imagine anything closer. Can you?

I think you are confused. This is the thread where we discuss Bitcoin Cash.

You might find more discussion relevant to your interests at https://bitcointalk.org/index.php?topic=1883902.0

Well, I recognize that I'm not looking very prescient on this so far. But there's enough bubbling in the plotline such that this may develop more as an epic rather than a short story.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

I honestly don't know much about this coin. I'll just try to honestly represent what is available elsewhere on this coin.

People are stating to inject this into discussions on Bitcoin Cash. This is a thread where such folk can be sent for more meaningful discussion on BitcoinGPU.

Initial probe (?): https://bitcointalk.org/index.php?topic=2046790.0

Website: http://btcgpu.org/

The website indicates that BitcoinGPU is to be forked from Bitcoin Genesis at the same block height that Bitcoin Cash forked (478558). I can not yet find evidence of a single mined block. I may be missing it. Please respond below if you detect a BitcoinGPU block at height 478559 or higher.

<editeditedit>
From downthread:
The main website has now been updated http://btcgpu.org/ and the fork block has been set at #491407
(not vetted)
</editeditedit>

Website snapshot:

---

[About UAHF] [Source Code] [View Specs] [Download Binaries]

<<logo>>

An implementation of Bitcoin peer-to-peer electronic GOLD.
Learn about Bitcoin GOLD

What is Bitcoin GPU?
Bitcoin GPU is a full node implementation of the Bitcoin protocol.
GPU mining can protect Bitcoin Key value: Decentralize.

ROADMAP
Once Bitcoin ABC forked Bitcoin, BTCGPU will be activated at the same time.
It will be 1M+SW .
when the block size is full again, will en-crease  the block size to 2M，4M...
When mining?
When code development is done, starts to mining.
The developer is working hard on it.
It will support original smart contract.
If needed, hard fork again to support original smart contract.
not side chain smart contract.

ICO
BTCGPU will create 16000 blocks after forked from No 478558th Blcock.
every block 12.5 BTG.
it will be sold to ico investor.
1BTC=10BTG.
this ICO will help BTG chain the longest Bitcoin blockchain.
all rised BTC will used to hire developors, advertisement, etc.

ROBUST
A fork of the stable Bitcoin Core, Bitcoin GPU aims to build on this base with improved code quality. Development follows a process of continuous integration, based on industry best-practices.

SCALABLE
Bitcoin GPU implements the UAHF (User Activated Hard Fork) proposal to accept GPU mining. Miners can choose the size of the blocks they want to mine, with a default of 1 MB. It includes replay and wipeout protection.


MODERN
For too long, Bitcoin has been held back by the centralize mining industry. GPU brings Bitcoin into the modern age with an exciting technological roadmap to enable massive on-chain scaling well into the future with decentalize.

[About UAHF] [Source Code] [View Specs] [Download Binaries]
[Additional Downloads: Ubuntu Packages]

---

note: all links tie right back to this very landing page.

If, if, if.

Yes. If BitcoinGPU was BitcoinCash, it would be third in market cap. But it ain't, so it ain't. Your 'ifs' are worthless.


'Should'? According to who? You?

You wanna invest in BitcoinGPU? I'm not gonna stop you. Knock yourself out.

Not that I mean to denigrate BitcoinGPU. But a fork of Bitcoin with segwit, 1MB creeping upwards, and new PoW is nothing that interests me. OTOH, Bitcoin Cash is simply Bitcoin with the transaction production quota throttle backed out. Exactly what I was looking for in terms of the One True Bitcoin. As were enough others that it has a market cap in the billions scant weeks after launch.

Nonsense. If that would have been Bitcoin Cash's direction, it would have been every bit as irrelevant as BitcoinGPU. A backwater crapcoin consigned at best to be someone's pump and dump bitch. The approach Bitcoin Cash took launched it as the third-largest crypto. A golden baby that is likely heir to Satoshi's throne.

https://www.youtube.com/watch?v=PfPdYYsEfAE

(ok, it's a stretch. but it may relieve some of that boredom)

FTFY

So you believe Jihan is smarter, nimbler, and just plain better than any collection of your whining cohorts. Got it.

Jeebus, that's infantile.

Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it.

Not if you're a Puerto rico resident. Seriously.

Not if you are a Puerto Rico resident.

Bitcoin -- in the form of Bitcoin Cash -- can process about 25 transactions a second. And for the interval of time when demand does not outstrip this capacity, zero conf transactions are reasonably safe for many use cases. Which yields a user experience roughly on par with credit cards to the buyer, and markedly superior than credit cards for the vendor.

Will 25/sec be enough five years from now? No, but the incessant march of technology will resolve that issue.

There was a time when these were not 'normal fees':