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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - Hard Fork 15 May 2018  (Read 585814 times)
tomkat
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February 06, 2018, 12:19:26 PM
 #13381

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

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Bitbobb
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February 06, 2018, 12:49:59 PM
 #13382

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I am just going to guess you are not unbanked


I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account





yes the unbanked are living now inside a perfectly designed prison within modern society that is undetectable at most altitudes, 100% agree..   nice of you to notice we even do not have the credit card access to buy with!!!..  

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Website: www.Bitcoincash.org
Thread: Bitcoin Cash Thread
Donate BCH: 1JhDmQFpjndJGB7SjmD7C55fwwbkCpytaj

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tekmobile
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February 06, 2018, 12:59:02 PM
 #13383

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference

Bitbobb
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February 06, 2018, 01:10:51 PM
 #13384

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference



you subscribe to the very popular and very false narrative of how money works in modern society.  And now you parrot the party line from their outpost the enemy has built inside your own brain.  Nice to meet you modern man*!  

newsflash: the loan you think you are getting whether large or small is not actually a loan.  further the contract you are mentioning is one-sided and domestically unenforceable.  Maybe that impulse control you think we need the banks to exercise for us should be exercised by them first??  I mean they are the only industry that is allowed by congress to provide their own in-house oversight AND policy!  What could go wrong right tek/


*= this assumes you do not knowingly work for the IMB and fund

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Website: www.Bitcoincash.org
Thread: Bitcoin Cash Thread
Donate BCH: 1JhDmQFpjndJGB7SjmD7C55fwwbkCpytaj

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Big Naturals
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February 06, 2018, 01:15:55 PM
 #13385

And flippening will happen during a bear market for what reasons?

Because a flippening during a major crash won't confuse new entrants, the narrative is easy to understand, "bitcoin crashed 80%, then it rose again", they won't notice the flippening even happened. Stocks often  crash and then recover, so it's not unusual,  but stocks don't experience flippening

Don't forget, crypto total user base is tiny, and on the next bull millions of new users will enter the market. Previously I could not see flippening as likely as during a bull market it has to be done in the open - 'one bitcoin dropped from 20k to 1k, and another bitcoin went from 1k to 20k ... wtf.... ' Only those deeply embedded in crypto would understand what the fuck was going on, so major turn off.

What can happen now is both bitcoins get flushed down the toilet, then 'the bitcoin' rises up again ... simple, easy to understand for the millions of noobies entering the market on the next leg up.

Edit, a flippening at 20k USD would have crashed the market, we all knew that, and so many would resist it even if they prefer BCH, but now ... market is already trashed, so might as well flip

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February 06, 2018, 01:28:13 PM
 #13386

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I am just going to guess you are not unbanked


I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account





yes the unbanked are living now inside a perfectly designed prison within modern society that is undetectable at most altitudes, 100% agree..   nice of you to notice we even do not have the credit card access to buy with!!!..  


If you have to use a credit card it will even complicate, everyone would want something easy without having to bother taking care of anything.

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Mrpumperitis
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February 06, 2018, 01:43:01 PM
 #13387

tek..did you see this...https://www.coindesk.com/blockstream-devs-depart-gorlick-dilley-world-computer/
lols, they left blockstream to work on an eth project  Cheesy Cheesy

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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February 06, 2018, 01:49:54 PM
 #13388

tek..did you see this...https://www.coindesk.com/blockstream-devs-depart-gorlick-dilley-world-computer/
lols, they left blockstream to work on an eth project  Cheesy Cheesy

MR Pumptits have you seen this https://www.neowin.net/news/coinbase-looks-set-to-deploy-segwit-in-the-near-future  Cheesy Cheesy
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February 06, 2018, 02:21:01 PM
 #13389

^ wow svenny aka tek  Cheesy  go pump your coin with this awesome news you got there  Cheesy

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
classicsucks
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February 06, 2018, 02:32:02 PM
 #13390

Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:

BTC doesn't work and LN can't work with a broken layer underneath it.
BTC development is a dead meme,
BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism.
BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)

BCH works and adoption is growing more each day.
BCH development is steaming ahead.
BCH has 24x the capacity of dead BTC.
New investment will almost certainly go to the alt market looking for growth.

Watch the US Congress hearings today. Surely they will move the markets.
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February 06, 2018, 03:16:25 PM
 #13391

Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:

BTC doesn't work and LN can't work with a broken layer underneath it.
BTC development is a dead meme,
BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism.
BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)

BCH works and adoption is growing more each day.
BCH development is steaming ahead.
BCH has 24x the capacity of dead BTC.
New investment will almost certainly go to the alt market looking for growth.

Watch the US Congress hearings today. Surely they will move the markets.

Dude there are 1500 altcoins now Bcash is just one of them.
Yea lets talk about that flippening meme or operation bla bla meme shall we ?
Tether is being used to buy Bcash to. If Tether dies so does all coins what's the deal ?
BTC dominance atm 36% Actually increasing the last days. Bcash 5% decreasing last days.

Please show me the oh so great adoption of Bcash show me the list it must be so huge.
Lets take a look at the transactions last 24 hours shall we https://bitinfocharts.com/bitcoin/ 238.781 last 24 hours. https://bitinfocharts.com/bitcoin%20cash/ 23.176 last 24 hours



tomkat
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February 06, 2018, 03:18:40 PM
 #13392

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference



Well, I'd expect a restriction on CC terms specifting explicitly what is not allowed to buy with your CC. If there's none, then the bank just gives you high rate loan without asking what you're going to do with the money. They determine upfront if you're able to repay the debt, and that's it. Applying a restriction looks like a change in the terms of your CC agreement.

.Ambit.    ██
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   Become part of the mining family   
✔ SECURED  │ WHITEPAPER │  ★ 171% ROI
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February 06, 2018, 03:57:12 PM
 #13393

https://www.reddit.com/r/btc/comments/7vmtfl/sms_wallet_to_transact_bitcoin_cash_with_any/
Example Send BCH to a Phone: Text the word SEND space $AMOUNT space YOURFRIENDSNUMBER to CoinText

Withdraw: Text the word WITHDRAW space $AMOUNT space YOUREXTERNALBCHADDRESS to CoinText

radmege 7 points 3 hours ago*
Also noteworthy - requires ZERO setup. Just add CoinText as a contact in your phone and start texting away! They have numbers for each country. Wallets are automatically created for each number that receives BCH.

WOW  Shocked Grin

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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February 06, 2018, 04:44:02 PM
 #13394

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference



Well, I'd expect a restriction on CC terms specifting explicitly what is not allowed to buy with your CC. If there's none, then the bank just gives you high rate loan without asking what you're going to do with the money. They determine upfront if you're able to repay the debt, and that's it. Applying a restriction looks like a change in the terms of your CC agreement.

If you have to use a Credit Card to purchase Bitcoin, you should not be purchasing Bitcoin. This is a NON-event.
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February 06, 2018, 05:33:09 PM
 #13395

Next killer app ?  Send Bitcoin Cash via SMS and get all the poor friends on board?

https://m.imgur.com/r/btc/gDGpSXE


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
The simple way is the genius way - in Moore and Satoshi we trust.
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February 06, 2018, 05:42:51 PM
 #13396

^
Linked?


https://www.reddit.com/r/btc/comments/7vmtfl/sms_wallet_to_transact_bitcoin_cash_with_any/
Example Send BCH to a Phone: Text the word SEND space $AMOUNT space YOURFRIENDSNUMBER to CoinText

Withdraw: Text the word WITHDRAW space $AMOUNT space YOUREXTERNALBCHADDRESS to CoinText

radmege 7 points 3 hours ago*
Also noteworthy - requires ZERO setup. Just add CoinText as a contact in your phone and start texting away! They have numbers for each country. Wallets are automatically created for each number that receives BCH.

WOW  Shocked Grin


Tweet


https://mobile.twitter.com/Egon_01/status/960895181703794688

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
The simple way is the genius way - in Moore and Satoshi we trust.
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February 07, 2018, 02:05:56 AM
 #13397

btc price drive the whole market with it. Lets hope that bitcoin fundamentals will remain strong and grow, then the whole crypto market should remain healthy after this bear market.

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February 07, 2018, 02:06:43 AM
 #13398

Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:

BTC doesn't work and LN can't work with a broken layer underneath it.
BTC development is a dead meme,
BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism.
BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)

BCH works and adoption is growing more each day.
BCH development is steaming ahead.
BCH has 24x the capacity of dead BTC.
New investment will almost certainly go to the alt market looking for growth.

Watch the US Congress hearings today. Surely they will move the markets.

Good news from the US Congress.

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February 07, 2018, 02:08:10 AM
 #13399

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now  Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference



Well, I'd expect a restriction on CC terms specifting explicitly what is not allowed to buy with your CC. If there's none, then the bank just gives you high rate loan without asking what you're going to do with the money. They determine upfront if you're able to repay the debt, and that's it. Applying a restriction looks like a change in the terms of your CC agreement.

If you have to use a Credit Card to purchase Bitcoin, you should not be purchasing Bitcoin. This is a NON-event.


This is people hard earn money, they basically takes too much risk, borrowing loans to gamble. Basic investing is invest as much as you can afford to lose.

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February 07, 2018, 06:37:22 AM
 #13400

Bcash Bcash  has a lot of progress, nice alt Grin Grin Grin

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