There's one important distinction that should be made here.

Bitcoin has been around the block.

The other shitcoins/altforks have not. They have no fucking idea how its going to be IF they get any kind of real user traffic, or the same attacks that Bitcoin has weathered.

Its easy to say you can sail across the ocean in a dinghy, its another to actually go DO it.

Here's a question I have for the shitcoin fans -- if your coin is so independent, then why does it track with Bitcoin like a fucking metronome?

http://cryptowat.ch

Look at it -- the line graphs are all eerily synced for the top five crypto coins. That doesn't mean your shitcoin is special, it means you're being used for arb/flipping as a speculative device.

I love it when the talking bobbleheads call Bitcoin "Dead".

Because it means we're rounding the turn for the next cycle of basing/breakout.

Bring it on.

I've been through this several times since 2011.

Yes, it will recover.

No, it won't go to zero.

Every single fucking time the whiners/whinge crew come out of the woodwork when Bitcoin declines. Every. Single. Fucking. Time.

I can say we're fulfilling the pattern, and after all the articles about how Bitcoin is "dead" finally make their rounds to the various parasitic social media networks, that is when the basing and breakout window starts to open.

For posterity, writing this as Bitcoin is trading at 6,729 (Bitstamp).

Go ahead, look it up later and laugh at the idiots who were busy selling the low.

We warned people, but they didn't listen.

EOS is a centralized shitcoin with a capital "S". "Block Producers" are a cabal of trusted nodes -- the exact antithesis of how Bitcoin operates.

They also have made fundamental scaling errors in their design -- https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

This doesn't just affect EOS, but ETH and BCH too. Again, if you trade these for a quick flip -- go right ahead, just remember that the longevity of these coins will be severely limited.

Anyone remember Nick Leeson?

He single-handedly bankrupted Barings Bank, one of the oldest merchant banks in the UK.

The pertinent part of his story is at one point, he fabricated 7.78 Billion Yen credit at the bank handling their accounts, which he reversed later. He just wanted the "proof" of his bank statement.

The thing is, I'm not sure if Tether's holdings are entirely fabricated, partially, or trivially -- just that if someone really wants to keep a charade going, they probably can. I don't trust Tether, and frankly neither should you.

The only reason Brian "BCash" Armstrong likes low prices is it allows his shoddily-run corporation catch up with all the mistakes they've made.

Isn't it funny, everyone who partners with Lyin' Roger Ver is either a complete shitshow, or is nearly incompetent? (Mark Karpeles, Mt Gox).

Fuck coinbase -- they don't deserve your business.

An important point here is that unlike ETH, Bitcoin and Lightning operating on the second layer can handle this traffic with ZERO on-chain congestion and problems.

Mandatory reading -- ETH, EOS, BCH have all made fundamental scaling decisions that will severely impair them in the future - even to the point of implosion -- https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

Garzik is the same asshole that supported "colored coins" to track transactions, among other disasaters.

He's a turncoat just like Gavin is, and he's used his position to hamper or impair progress in Bitcoin before.

I put him in the same category as Jihan Wu, Roger Ver and the rest.

Bitcoin murdered me in my sleep.

But I got better.

Seeing a bankster bitch about Bitcoin is hilarious. That's right asshole, we're coming for you. Enjoy your monopoly while you can.

Bitcoin is a vote of "no confidence" in the current financial/banking system.

It will continue to devour bad money, and as it accelerates, will be the catalyst for changing finance as it exists today -- and entire nations, too.

This is rich coming from a guy that has main validation nodes -- about five or so -- called Ripple Server 1, 2, 3, 4, etc..

It is a centralized shitcoin that happens to have garnered legacy support -- but it doesn't mean they'll be dominant.

Its like the last gasp of the walled garden and control-freeak suits before crypto devours the world.

I suspect similar things. For one, when I track who is mining what - Antminer used to do a lot of nearly empty blocks as a regular thing. They are now mining blocks with transactions - up to the theoretical limit. This change in behavior would underscore a pivot from punishing the network (to the detriment of profit), and back towards the incentives that make the Bitcoin mining network strong.

I think he's also very aware that you can't force a change down people's throats, which the Segwit and other shenannigans proved - even with their resources, the best they could do was delay. This also translates to defending the network. If it really came to it, he knows damn well that if he pisses everyone off and we get consensus to invalidate his entire mining enterprise, that would be an enormous cost for him to rebound from. I doubt that even he has the resources to do it if it happened.

So, we are in a bit of a balance -- but I still don't trust him.

".. and if you're a big enough asshole, you team up with Roger Ver and actively try to block Segwit, which would eliminate my scammy attempt to skim profits from a network I'd be mining empty blocks for."

https://medium.com/bitcoinfoundation/verified-chatlogs-why-jihan-and-jiang-want-to-block-segwit-at-all-cost-bbf068c5ce0f

Its also been reported that Bitmain strong-arms any firm trying to enter the mining market in China, with their local connections and bribed officials.

He also put out some propaganda on youtube, that I won't link to, trying to promote himself and Lyin' Ver's BCash bullshit.

Fuck this guy, he knows exactly the game he's playing, and it may end up that we'll have to fork to turn all of his miners into the world's largest hot-air array if he decides to abuse his position.

This is the same CNBC that told you how to buy shitcoins when they were at their peaks.

Back-fitting, non-informative, and pathetic dinosaurs trying to stay relevant. No wonder their viewership numbers are at a historical low.

This is why you have to be careful when dealing with coins that are poorly secured.

There is no free lunch, and all the shitcoin pumpers saying "cheap fees" or other arguments don't tell people that their shitcoin can get cracked like a rotten walnut on a whim.

More vulns are lurking too, but I'll leave that for another day. I have zero sympathy for shitcoins/shitforks -- they haven't been tested like Bitcoin has.

Oh look, another Lyin' Ver and the Cashies news story on his camped bitcoin dot com domain.

Why do you post this bullshit?

Seriously - Bitcoin enthusiasts don't give two shits what Roger Ver has to say anymore, he's proven to be a bad actor in the space, and his continued tantrums about "real" Bitcoin are becoming embarrassing even to his former supporters, like Erik Voorhees.

To be fair, you can use electrum to check a hardware wallet pretty easily.

So if Chrome/Ledger went bye-bye, you could still do something about it - they conform to the standard to allow importing your private keys into other wallets.

Better Title -- "New York Continues To Force CryptoCurrency Business To Other Locales"

They can regulate all they want in their little fiefdom, it will just encourage investment in other states/countries/cities.

Fucking idiots.

Ripple is, and continues to be a centralized banker pre-mined shit-token that has 63% of the float owned by its founders.

They can "print" as much as they want, they have centralized "validators" in the form of Ripple server 1, 2, 3, 4, etc...

The proper title would be "Shitcoin CEO: My Competitor Is Scaring Me, Better Pull Something Out Of My Ass"

He can fuck off, no one would miss him.