Dumped $50k worth of Rogercoin tonight on Kraken.
Sold off in chunks between $720 and $740,
So about 70 BCH? Maybe 12 BTC? Oh. Right. Wednesday. |
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Did you feel that small ripple that just resonated through time and space ?
That was me just submitting all my docs to Kraken for Tier 3 and Tier 4.
If you're holding BCH, I would recommend dumping before Wednesday.
Thanks for the heads up Bob. If it's all the same to you, I'll just wait until you dump, then buy 'em up at a discount. |
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So... If I go now and create my own "Bitcoin" fork with my own rules, and start building blocks on it... Will you say Bitcoin has forked again?
Yes. Exactly. Of course, unless you reach some critical mass of adoption, your fork is irrelevant. My point is that Bitcoin has not forked.
Werning. |
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If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?
What makes you think that the Bitcoin Cash advocates are a small group? All y'all might do well to get out of the theymos-controlled echo chambers from time to time. |
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They just took a snapshot of Bitcoin blockchain at 1 Aug and started building blocks on it with their custom rules.
Bitcoin didn't fork. THEY created a completely separate fork, which is not the same.
You have this exactly backwards. Bitcoin Cash is exactly a fork of Bitcoin. No different in any conceptual way than any core release which changed some aspect of the protocol. Certainly a smaller change than the introduction of segwit. |
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Every BCH holder please go onto your seats and expect high turbulence and downtrend as the next block -after more than hour- arrives the exchanges. You have all been warned.
We're finally getting the butthurt core-ian dump? Ready and waiting. We'll have to see if this accursed in flight WiFi is up to the task, or if it'll all be over in a blink of an eye. |
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with another potential Hard Fork coming up in November, what if someone releaseBitcoin Unlimited?We will have 4 different Bitcoins then?
Just no. Bitcoin Unlimited is a client, not a coin. It runs on the Bitcoin Core chain, if you have an older version of BU, while newer versions run on the Bitcoin Cash chain. |
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jbreher,
sigh.... welcome to /ignore
Awww, gee. And I kinda liked you, Torque. Hope to speak to you again after the post-rift-healing. |
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Dont know of you noticed, but this is BITCOINtalk
Exactly. Hence, this is the proper venue. Cheers! |
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Oh I'm sorry, you're right. I meant to say ButtCash.
Bit salty, are we? |
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Bitcoin Core? I guess that's yet another new fork like BCash? Because we don't what that refers to here.
Yes, Bitcoin Core. After Bitcoin Cash becomes the largest proof of work chain, we'll need some term to use to refer to the obsolete core chain. Hence, Bitcoin Core. Incidentally, you seems to be misusing 'BCash'. BCash is a different coin based upon zk-snarks. |
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Do you realise that "spending" the coins is a taxable event?
If someone gives a merchant bitcoin in exchange for goods or services, and then the merchant cashes that bitcoin out for fiat directly to his bank account, then who is doing the "spending"? Hmmm? According to the IRS (you are US-ian, no?), the person who is giving the item of value to the merchant. Even simple barter is fully taxable at prevailing fair market rates. True story. Sucks, but them's the statutes. Just trying to keep you outa trouble... |
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I understand that miners mine for profit but what about idealism?
Plenty of idealism in the Bitcoin Cash camp. Both users and miners. How else can you explain the chain being extended through the dark days of loss-inducing mining relative to mining core? Hey Jbreher, do you still own most of your stash in BTC? Do you really think this is good for your economical interests? Truth be told, it depends upon how you measure it. I own quite a bit more Bitcoin Cash than Bitcoin Core. However, my Bitcoin Core is -- for the moment -- worth more in USD terms than my Bitcoin Cash. I have been converting Bitcoin Core to Bitcoin Cash in small doses on a several-times-per-day basis since the fork. Jillions of butthurt core-ians keep mouthing about how they are gonna dump Bitcoin Cash down to zero. I'm sitting here at my pick-a-nick table with plenty of ammo when they eventually get around to it. But it just doesn't seem to be happening. I think these big-mouthed core-ians are inwardly scared Bitcoin Cash will emerge victorious, and are hence hedging their bets. By not following through on their empty threats. Yeah - you (the reader, not necessarily bitserve). Yeah - you. You know who you are. |
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I understand that miners mine for profit but what about idealism?
Plenty of idealism in the Bitcoin Cash camp. Both users and miners. How else can you explain the chain being extended through the dark days of loss-inducing mining relative to mining core? |
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Anyone going to walk away from crypto if BCH wins? Or are you happy to use whatever coin comes out on top?
Neither. I mean, if segwitcripplecoin comes out on top, I'll use it. But I'd be disappointed that Bitcoin Cash -- the rightful heir -- did not succeed. OTOH, prospects look pretty good ATM. |
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can someone please explain me what do people see in BCH?!
Well, Bitcoin Cash is Bitcoin. It is the branch of Bitcoin that has had its most devastating bug -- its crippling limit on transaction capacity -- fixed. |
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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 ?
Not at all. I am suggesting that this action of broadcasting this sequence of blocks that is completely free of even being passed through any non mining nodes, as if it were the One True Chain, exposes that the narrative that non mining fully validating nodes are central to the security of the network, is unmitigated bullshit. With this, blockstream dashes the myth of the power of the Raspberry Pi. The entire rationale behind cripplecoin has been ejected by its most ardent adherents. |
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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. |
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http://bitcoinfibre.org/FIBRE is designed to be easy to operate for anyone already running a network of Bitcoin Core instances http://bitcoinrelaynetwork.org/Some details: * The relay nodes do some data verification to prevent DoS, but in order to keep relay fast, they do not fully verify the data they are relaying, thus YOU SHOULD NEVER mine a block building on top of a relayed block without fully checking it with your own bitcoin validator (as you would any other block relayed from the P2P network). The relay nodes are NOT a replacement for having peers on the standard P2P network, nor should you rely on it as your only fast block relay method. Indeed. |
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They've all got their flaws. What differentiates BTC is that the flaws have been deeply explored and are slowly being addressed by skilled people.
Except these so called skilled people have been for years pretending that core's single most devastating bug does not even exist. This ofcourse would be its insanely limited transaction capacity. |
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