AlcoHoDL
Full Member
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Activity: 252
Merit: 103
Addicted to HoDLing!
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November 11, 2017, 03:49:25 PM |
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I don't think the idea that's circulating lately, of BTC being a store of value (like gold) and BCH a coin for everyday use (like cash) makes sense. It doesn't make any sense, because, in that case, there's no point for BTC to exist, since BCH can technically be a store of value too. Why have two blockchains for two different types of usage, when one (BCH) can do both?
It's not about usage, but about control. Sad, but true. Human nature at its "finest". One thing's certain: if BTC comes out as the winner in this war, it will be stronger than ever. If not, we'll never see crypto in the same way again.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Spaceman_Spiff_Original
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Activity: 185
Merit: 24
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November 11, 2017, 03:53:37 PM |
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Looking back, this BCH move was quite predictable. Mad at myself that I didn't act accordingly. Same goes for BTC price post-announcement of SegWit2x cancellation  Hindsight is 20/20 I guess.  |
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Rosewater Foundation
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November 11, 2017, 04:00:43 PM |
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the foundation will be furious. i did not see this coming
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fabiorem
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November 11, 2017, 04:04:07 PM |
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ver better hope the yakuza isn't holding bitcoin..this is dangerous shit
He might check his roof for ninjas with uzis. |
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Hyperjacked
Legendary
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Activity: 1022
Merit: 1000
It's all mathematics...!
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November 11, 2017, 04:04:31 PM |
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It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday  |
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Torque
Legendary
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Activity: 1456
Merit: 1247
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November 11, 2017, 04:09:24 PM |
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It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday  Don't you mean for CrocodileTrash? |
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bones261
Legendary
 Online
Activity: 1204
Merit: 1060
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November 11, 2017, 04:12:37 PM |
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FractalUniverse
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November 11, 2017, 04:13:36 PM |
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Im not getting why you people are panicking over shitfork.
Its being pumped by few people and their followers, and controlled by several miners. It will come back down - and even if it doesnt, who cares. As some already said, there is no use for other than trading/speculation
as for me, i doubt i will ever use it for transactions
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bones261
Legendary
Online
Activity: 1204
Merit: 1060
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November 11, 2017, 04:15:21 PM |
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Im not getting why you people are panicking over shitfork.
Its being pumped by few people and their followers, and controlled by several miners. two mining farms. It will come back down - and even if it doesnt, who cares. As some already said, there is no use for other than trading/speculation
as for me, i doubt i will ever use it for transactions
FTFY |
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yefi
Legendary
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Activity: 1680
Merit: 1037
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November 11, 2017, 04:23:23 PM |
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You have to be joking?!? Paste the private key of your BTC stash into some internet site web form? This is insanity if you ask me.
Well, if you have a better answer to his question, please share. Otherwise you are just a whining nay sayer. He had a legitimate concern that was addressed by subsequent posters. The part that was missing, and that should be bolded, is that you create a new wallet and move your coins over before sharing your private key(s). This way you do not risk any BTC. |
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itod
Legendary
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Activity: 1246
Merit: 1013
einc.io
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November 11, 2017, 04:23:37 PM |
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Im not getting why you people are panicking over shitfork.
Because of this: Bitcoin is the ledger of not-previously-spent, validly signed transactions contained in the chain of blocks that begins with the genesis block (hash 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f), follows the 21-million coin creation schedule, and has the most cumulative double-SHA256-proof-of-work. You can curse him as much as you want, but that CIA employee is right about the definition. Verbal consensus is worth nothing, the only consensus mentioned in the Whitepaper is the consensus which chain has more POW. I'm not saying there is a reason to panic, but this is full-blooded attack on what we consider BTC. They will probably fail (hopefully), but you can't say they are not trying. |
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FractalUniverse
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November 11, 2017, 04:23:57 PM |
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bones: thanks for correction  so, altcoin controlled de-facto by 2.5 rich people and 2 large mining farms. What a dream nightmare for those poor holders who fell for it |
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bones261
Legendary
Online
Activity: 1204
Merit: 1060
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November 11, 2017, 04:29:56 PM |
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bones: thanks for correction so, altcoin controlled de-facto by 2.5 rich people and 2 large mining farms. What a dream nightmare for those poor holders who fell for it Mining farms likely controlled by Wu, so really 1.5 other rich people.(Or is the .5 wu since he is also controlling the farms?) Let's just let the big blockers have their virtual blow-up doll coin to tinker with. |
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FractalUniverse
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November 11, 2017, 04:35:58 PM |
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Im not getting why you people are panicking over shitfork.
Because of this: Bitcoin is the ledger of not-previously-spent, validly signed transactions contained in the chain of blocks that begins with the genesis block (hash 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f), follows the 21-million coin creation schedule, and has the most cumulative double-SHA256-proof-of-work. You can curse him as much as you want, but that CIA employee is right about the definition. Verbal consensus is worth nothing, the only consensus mentioned in the Whitepaper is the consensus which chain has more POW. I'm not saying there is a reason to panic, but this is full-blooded attack on what we consider BTC. They will probably fail (hopefully), but you can't say they are not trying. Im still not worried. Until they want to kill both BTC and their fork (because thats what i think would be the result of killing btc). but in any case, I will not use their private coin operation. I would have to move on to some other alternative. bones:  |
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Hyperjacked
Legendary
Offline
Activity: 1022
Merit: 1000
It's all mathematics...!
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November 11, 2017, 04:38:19 PM |
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It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday Don't you mean for CrocodileTrash? My CrocodileTrash is a side project Keep an eye on the Bitcoincash hash rate Cheers Torque |
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BitcoinNewsMagazine
Legendary
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Activity: 1162
Merit: 1022
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November 11, 2017, 04:47:00 PM |
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There was plenty of time to sell above $7000. I put up this pitchfork previously. Correction was overdue and might be as deep as $5000 to $5300:  Bottom may coincide with 3 day RSI under 50. It turns out that BCH is acting as a hedge for BTC and those who held on to their airdropped BCH are doing well. There is no guarantee BCH price will continue up though. Bitcoin will bottom out and recover. |
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ivomm
Full Member
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Activity: 305
Merit: 150
All good things to those who wait
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November 11, 2017, 04:48:34 PM |
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jojo69
Legendary
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Activity: 1050
Merit: 1312
no FOMO
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November 11, 2017, 05:00:54 PM |
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holy cow...Jimbo's gonna be pawning his bass and taking out a loan against next months pension to fish this dip
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podyx
Legendary
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Activity: 1568
Merit: 1003
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November 11, 2017, 05:04:49 PM |
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How much of the total hasing power(bitcoin+bch) does bitcoin cash have in percentage right now?
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Poll
