True man, I suppose that was the point of SN leaving in the first place. His job was to start the fire, it's now our job to keep the flame alive.

I would hope that the majority of people would see it this way, as that is the point of a truly decentralized system controlled by "the people". I just wonder how far the majority of "noobs" actually look into this thing. Satoshi seems to have become an enigmatic character that people have become fascinated with, impersonating him could be very profitable.

Lol thanks for the comment on the art, I found them funny too. 

lol i think it's funny that no one really calls him out or cares anymore. That video of him on stage talking about "the future of bitcoin" cracked me up. First question: Why didn't you prove you were Satoshi? Answer: "None of your business, I have financial sovereignty"... 4 questions later "why did you chose the name Satoshi Nakamoto?"... "Oh my stepdad was Japanese and my favorite blah blah shared the last name Nakamoto".

I'm not sure he can make up his mind on what direction he would like to take his narrative personally.

I just think it'd be a hilarious twist to the already amazing story of bitcoin if he proved he was Satoshi after all the shit he's put us through, especially if it was post-fork

and no I don't think CW is Satoshi.

Yes sir, nothing has happened yet. My popcorn is getting stale.

Lol Awesome Wendingo, nice work!

I respond with:



LOL

https://www.youtube.com/watch?v=jVhMt26F7gA

Skrrr, skrrr, skrrr, skrrr, skrrr
Hit it wit da fork

I'm holding, there's a alot of catalyst for bad at the moment, but if you look through the smoke an upgrade to the system is a good thing. This is something we've all been waiting for. For that reason, as long as all of this goes smoothly enough, I see no reason why bitcoin won't continue to rise.

Especially since the vast majority of users have absolutely no clue whats going on behind the scenes lol. They are just spooked because they see people (you guys) smarter than them debating things they don't understand.

Bitcoin climbed a wall of worry since 2015, the US/world is in worse shape than when they held the Brexit vote with interest rates rising, a US President that no one trusts, a government in stale-mate, the removal of Dodd-Frank, grandiose plans to change the tax code (he will never get it past Congress/Senate, causing all of the stocks that rose because of these plans to fall), the FED beginning to offload it's balance sheet, and stocks outpacing their YoY earnings growth rate.

QE & Low interest rates were the single biggest drivers of US stock market demand for the last almost 9 years now, to think it will rise without it at these valuations is delusional. If we thought investment companies were "extravagant & overly risky" in 2008 we need to take a hard look at our current situation, because the amounts involved this time around are 5x bigger.

I'd imagine it will be catalysts from OUTSIDE of bitcoin that will be bitcoins boon, and a tech upgrade right before this happens is best case scenario imho.  If we have a flood of people coming to the network to escape their countries financial woes, it will be a good thing to have a more robust system(s) at that time.

I'm holding. I will be holding both chains. There's no reason to pick one over the other when no one knows how this thing is going to go... holding both removes the risk of being left behind after choosing one chain over the other.

Lol i agree, but it would just flow so perfectly with bitcoin at the moment. I remember after Alexander Vinnick got arrested, everyone was suspecting he was from Bitmixer (which he might be involved with that too tbh), but the first thing I thought was hmmm BTC-e went down for maintenance... what are the odds?? Especially knowing that the only names we had for the operators was "Alexander & Aleksy", then it came out that he definitely was involved with BTC-e. Lot's of cool twists (though granted, much different than what we are dealing with here)

I couldn't think of any better twist to "bitcoin: the movie" after all of that. The CW/Satoshi thing is definitely fantasy though, hopefully lol.

Lol, super speculative, but I think it'd be an amazing way to turn the tables.

I definitely expect major Whale wars between the prices of the two coins. As most people know, it doesn't really matter about the technology behind it for most people. Price is perception, if one coin has a higher value than another, it is seen as the "better coin" to most noobs. I'd imagine the whales know this and plan to start a nice round of psyops on all of us minions.

Now for the Tinfoil Hat time, totally speculative, but would be hilarious if it happened:

Imagine if Craig Wright proved he was Satoshi after the fork. What a shit show that would be LOL, I can't think of a better way to make a kagillion dollars than to prove my fork is the true vision of Satoshi himself.

All I can recommend is buying Corn futures, popcorn will be in demand this week/month.

PS - I don't have any "loyalty" to either side, don't take this as support for either side. This is just pure pipe dreams from yours truely, haha.

Technically all we have to do is hold both chains, then theoretically no bitcoin user can lose unless we ALL lose. If we all lose, I can only chaulk it up to the herd's own stupidity.

No reason to argue over it, let's see what does best.

I'd take this over 2 years of stale-mate anyday.

What will be interesting is the whale games... there's two groups of people with deep pockets and a reason to make sure their side wins. We are liable to see huge fluctuations in both coin's price as the whales battle it out. We are also liable to see information released during this time to try to make one side look better than the other.

TinFoil Hat Time: Imagine if Craig Wright proved he was Satoshi right after the fork? What a shit show that would be lmao, I can't think of a better way to make a kagillion dollars than proving your fork is the actual vision of Satoshi himself.

Lots of profit to be made for the unbiased, risk hungry trader.

My question is, did LE actually seize the wallets? The BTC-e website was up for a full day before the seizure message was posted up. This would give the second admin ample time to bunker down and secure the cold wallets. I'm quite curious if they are even aware of whom he is. If the website is now seized, I'd imagine they have a good idea at least, but possibly he is "out of reach" in a country with no extradition laws with the USA. I'd imagine he is the one holding the keys to the kingdom, not LE.

If the government has your coins, there is a decent chance some of you will be able to submit info to prove your ownership of coins. The only people I see even having a remote chance of getting their coins back are people outside of US jurisdiction that never had to apply to US law in the first place. These people would have to prove ownership by signing a message from a deposit address used to fund BTC-e as well as prove ownership of the IP used to log into the account.

If the BTC-e 2nd admin is smart none of that information exists anymore. He had a full day to clean house & wipe all historic information. It depends on if LE had an image of the servers before Alexander Vinnik's arrest was made public.

We will have to wait & see if LE announces the seizure of coins in the first place. So far they have been tight lipped about any sort of coin seizure in regards to BTC-e, which leads me to believe they have jack shit haha.

Personally I've been expecting the G-men to clean house for years now. Idk about Directbet, but I definitely think the DNM/Bitmixer/BTC-E closures are definitely tied together. As well as SEC now looking into ICO's, this was something I've been waiting for since they declared Bitcoin as taxable property.

The only one that hasn't truly been confirmed yet is Bitmixer, and there's reason to believe Dream market is compromised too. I'd imagine things will come to light about these places soon as well.

I think they did all their investigations over the last 3 years and made sure their arrests all coincided in order to have the maximum effect on the network as a whole. They are simply cleaning house.

I like to think of it as a good thing, it might temporarily drop the price of bitcoin, but long term it means that bitcoin is becoming more mainstream due to the bad actors being weeded out. This leaves only the exchanges/businesses that are regulated and do things on the right side of the law, something that we all should appreciate.

It's not intended as a joke, but it is pretty humorous to watch them try.

Personally, you'd think if they were going for the kill they would've at least picked a better name.

Bitcoin Cash. Why not Bitcash? Bitmoney?

No lets go with a name that sounds super redundant like Bitcoin Cash...

That being said, I'll hold my free BCC. Things get pumped, BCC will have its day just like every other altcoin this season.

So far I've doubled my bitcoin holdings with Byteball. Also, Decred was another coin that the airdrop would be worth around 4 btc today if held. I think it was 1 btc worth at the time of airdrop as well, so of course most people took that and ran.

There's also a good chance they will pretend ignorance like the Stellar airdrop.

This isn't confirmed by any means, but it definitely seems plausible that all this shit goes down right as everyone else is getting busted for similar type of activities.

BTC-e went down yesterday... today there is this: http://www.cnbc.com/2017/07/26/russian-held-in-greece-in-bitcoin-laundering-linked-to-btc-e-exchange.html

His name is also Alexander, which if I remember right was the name we always thought.

SHIT BOYS! Lol

It sure seems like the Feds are cleaning house, 2 DNM busts, bitmixer went down under weird reasons, now BTC-e, the shadiest of all exchanges

You'd think they'd come up with a better name at least.

Bitcoin cash

How redundant.

Thanks everyone for your replies, I really appreciate it! I feel a bit more at ease now with the whole situation.

I am mostly worried about the Ledger wallet. What will I need to do in the case of a chain split in order to protect my coins? How do I split my coins?

Thank you

It's all irrational exhuberence. It's when the thoughts of an Ethereum-bought Lambo overtakes all rational thought and everyone get's all giddy inside.

These type of people tend to clutch their riches as it falls to nothing in hopes that in the future it will be worth $1b / coin

remove as much of the risk as possible...

store your coins on a device dedicated for storing crypto. I recommend wiping any device you plan to use for this and set it up properly and of course to not use this device for anything else (as well as leaving it offline as much as humanly possible). Also look into hardware wallets, store all the big name coins on a hardware wallet and store all your small alts offline on a paper wallet or on your dedicated device. Don't store on exchanges, that solves alot of the risk.

Decide before you even take the trade what your goals are. Is this a long term thing? you want to hold it for years? months? set yourself a point where you will sell if the trade moves against you, or only put in what you are 100% willing to lose (especially now).

Define your risk to something you are comfortable with so you can sleep at night. Once you take a trade you need to keep it on unless it either A: hits the price you decided you will sell at if it moves against you, or B: it rises to where you want to take some profit. Don't focus on it, look up the price 1x in the morning and 1x at night, after that enjoy the rest of your day. Don't listen to others unless it's something you can verify as truthful. I can't tell you how many times I've seen stock analysts be completely wrong about a stock they are talking about, the same applies to the crypto market.

Also, traders that trade less tend to be more profitable. Playing the whole sell at the top to rebuy the bottom is hard to do. Just hold and be happy with the profit you do make, and keep your eye out for good altcoins to do the same with.

I honestly haven't sold any bitcoins. I sold my Sia back when it was 650+ and now only hold Eth, Btc, & Gbyte (free).

If we have major problems come Aug 1st, I will buy more Bitcoin cheaply with Fiat, I don't think we will see Sub-$1000 prices unless shit truly hits the fan.

If all goes smoothly Aug 1st, we should see new bitcoin highs imo. This last run was only the first wave of public awareness. We got at least one more to go before I'm selling anything.

Worst case scenario, I hold out for the next rise in a year or two with coins I bought sub-$500.