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Lionidas
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November 11, 2017, 03:33:51 PM
Last edit: November 11, 2017, 06:54:14 PM by Lionidas |
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So Bitcoin cash is just a sandbox for the youngsters to play in who are not serious and just dabbling in this forking on the big boys coins? Watched as these forked coins -BCH and BTG on one exchange going up 55%+ within the last 24 hours. And now bitcoin is back down to $6350 this morning. Something is seriously wrong with that picture.  |
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sirazimuth
Legendary
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Activity: 3360
Merit: 3499
born once atheist
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November 11, 2017, 03:40:27 PM |
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Oh welll...at least I still got my Bitcoin Gold....
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Rosewater Foundation
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November 11, 2017, 03:41:14 PM |
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ver better hope the yakuza isn't holding bitcoin..this is dangerous shit
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sirazimuth
Legendary
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Activity: 3360
Merit: 3499
born once atheist
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November 11, 2017, 03:45:20 PM |
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ver better hope the yakuza isn't holding bitcoin..this is dangerous shit
Damn...I had to google yakuza...bet I wasn't the only one.... |
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AlcoHoDL
Legendary
 Online
Activity: 2366
Merit: 4159
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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Spaceman_Spiff_Original
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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
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Activity: 1610
Merit: 1119
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
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Activity: 3556
Merit: 5041
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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
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Activity: 1806
Merit: 1827
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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
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Activity: 1806
Merit: 1827
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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
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Activity: 2842
Merit: 1511
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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
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Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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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
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Activity: 1806
Merit: 1827
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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
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Activity: 1610
Merit: 1119
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
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Merit: 1164
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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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