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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 608899 times)
cool4y
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February 07, 2018, 06:37:22 AM
 #13381

Bcash Bcash  has a lot of progress, nice alt Grin Grin Grin
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Bitbobb
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February 07, 2018, 08:38:06 AM
 #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'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.

No.  it is like getting a draft from your own account payable tbd and then being told you cannot buy a house as they will not clear the check if it is made payable to a local realtor but anything else you like to buy with it is okay.  

     This is tyrannical.  And standard procedure for tyrannical leaders is to blame the victim.  So it makes perfect sense that they blame the possible behavior of the end user of the financial product/ service for the ban!  You can be sure the victim blame is the surest tool of the tyrant!  


  

No one can tell me that less payment options is in anyway a good thing.  So less options and access are good?  Thats funny because freedom of money is actually measured in the nations using the exact opposite metrics.  

  

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

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tomkat
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February 07, 2018, 09:39:08 AM
 #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



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.

No.  it is like getting a draft from your own account payable tbd and then being told you cannot buy a house as they will not clear the check if it is made payable to a local realtor but anything else you like to buy with it is okay.  

     This is tyrannical.  And standard procedure for tyrannical leaders is to blame the victim.  So it makes perfect sense that they blame the possible behavior of the end user of the financial product/ service for the ban!  You can be sure the victim blame is the surest tool of the tyrant!  


  

No one can tell me that less payment options is in anyway a good thing.  So less options and access are good?  Thats funny because freedom of money is actually measured in the nations using the exact opposite metrics.  

  

^This.
The banks can't restrict what you're allowed to buy with your money (be it credit card, debit card, your own deposit(s), or any funds at your disposal).
They CAN sell dedicated products like mortgages, but it's explicitly defined and the clients know the purpose of the loan.
I've just checked the terms for CC in my local bank, and there's nothing about what product(s) and/or service(s) that can be purchased. It defines general operations that can be peerformed with the card: ATM withdrawal, POS payment, transfer from CC account.
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February 07, 2018, 10:18:51 AM
 #13384



^This.
The banks can't restrict what you're allowed to buy with your money (be it credit card, debit card, your own deposit(s), or any funds at your disposal).
They CAN sell dedicated products like mortgages, but it's explicitly defined and the clients know the purpose of the loan.
I've just checked the terms for CC in my local bank, and there's nothing about what product(s) and/or service(s) that can be purchased. It defines general operations that can be peerformed with the card: ATM withdrawal, POS payment, transfer from CC account.

it amounts to a partial blockade IMO.

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

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lonesomestranger
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February 07, 2018, 11:19:12 AM
 #13385

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


The banks want to control because that's how they maintain power over the population! This all disaster in crypto world is due to US Goverment, let's hope we'll survive this 'regulation' as they name it!

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adnjoo
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February 07, 2018, 12:17:34 PM
 #13386

Bitcoin Cash is the godcoin. Please don't be a noob and buy at least 1. One day they are worth 4 million $ of purchasing power, by then you don't need to use CB money.
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February 07, 2018, 12:48:27 PM
 #13387

good afternoon all. after long falling of all coins, day of X has come when it is possible to earn, and so I look at schedules - all coins grow, and BCH in minuses on BCH\BTC relation, I think likely will go to top soon, but in the head something gnaws, it is necessary to check that not so, I Visit the website https://www.bitcoincash.org and I read news, and so in the section Projects there is "LEARNBITCOIN" the reference to https://learnbitcoin.cash press this project, and me my antivirus of A ****** gives out it - f_0011fd |> {gzip} of the [L] JS:Miner-C [Trj] (0) and I in AHUEVAYu AS is SO POSSIBLE, BCH C COIN CAPITALIZATION of $ USD 16 947 058 706 PLACES the REFERENCE TO the HIDDEN MINING ON the OFFICIAL PAGE!!!!! AND SO to bitcoincash FALSE - DIRTY SHIT, I Ya I WILL REPORT ABOUT IT ON ALL WEBSITES AND FORUMS!!!!!!!!!!!! Cry
Mrpumperitis
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February 07, 2018, 01:38:10 PM
 #13388

Guys im so wanting to do this... Grin



Anyone else wants to help make it happen...pm me  Smiley

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
Bitbobb
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February 07, 2018, 02:01:36 PM
 #13389

Guys im so wanting to do this... Grin



Anyone else wants to help make it happen...pm me  Smiley

call out Stefan Ingves in a last bank standing battle of ceos'

you can take this guy he just thinks hes' tough


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

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February 07, 2018, 02:08:01 PM
 #13390

^ he should be taken to suplex city  Cheesy

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 07, 2018, 02:36:01 PM
 #13391

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


The banks want to control because that's how they maintain power over the population! This all disaster in crypto world is due to US Goverment, let's hope we'll survive this 'regulation' as they name it!

found this text snippet quoted below from this link here >>: https://www.creditcards.com/credit-card-news/when-can-credit-card-issuer-close-account-1267.php  Notice how this is being done to all users but only at coinbase or for digital money?? yet this literature states that it is a case by case basis they do this... hmmm.  Might need this: credit card act of 2009>> https://www.creditcards.com/glossary/term-credit-card-act-of-2009.php

"Credit card issuers are watching your credit record, and if anything there makes them feel that their credit portfolios are less secure than they'd like, they may suddenly pull the plug[cancel the card].

Sonya O. Conway, vice president of public affairs and communications at American Express said in an email that the company monitors cardholder credit behavior on an ongoing basis. "We look at a variety of elements, including their spending and payment history with American Express, their debt/spending/payment history with other lenders, credit bureau scores and other credit report information," she wrote.

If AmEx doesn't like what it sees, it may lower your spending limit or cancel your account. "Our intent is to strike the right balance between accommodating our card members' spending needs, while also prudently managing credit risk -- for us and for our card members," Conway wrote.

Chase follows a similar policy. The company declined a requested interview for this story. But the Chase Freedom credit card agreement says one of the reasons your account may be considered in default is if the company believes you "may be unwilling or unable to pay your debts on time."

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

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Bitbobb
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February 07, 2018, 04:54:16 PM
 #13392

The banks want to control because that's how they maintain power over the population! This all disaster in crypto world is due to US Goverment, let's hope we'll survive this 'regulation' as they name it!

Interesting it is that the DOW went down by 666 yesterday, and after hitting 6666.6, swc bounced back up.

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

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February 07, 2018, 05:05:13 PM
 #13393

For more BCH adoption and to get ready to takeover top1 exchanges need to have BCH and other coins trading pair. Unfortunately such exchanges far less than Bitcoin Core.
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February 07, 2018, 08:41:22 PM
 #13394

Last year there were moments when bitcoin cash almost catching up with the bitcoin, do you think this year it can happen again? I want to buy more BCH and make it main in my portfolio for at least 6 month.

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February 07, 2018, 09:26:05 PM
 #13395

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

^^^ This makes good sense. I suppose now that Tether is more or less out of the picture, if we see sustained price growth soon it'll be real instead of pumped. The number of adopters surely will increase more, although we probably saw some people scamper away with their asses on fire over the last 2 weeks...

I keep noticing more movement to alts. Almost as if people sense the impending doom of over-regulation, market capture, and/or Wall St. takeover. Also privacy coins will continue gaining ground as people get harassed more and more about taxation and disclosure of holdings...



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February 07, 2018, 09:33:57 PM
 #13396

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


The banks want to control because that's how they maintain power over the population! This all disaster in crypto world is due to US Goverment, let's hope we'll survive this 'regulation' as they name it!

Bank restrictions on financing don't just effect the poor - national governments are embargoed and sanctions are enforced using basically the same schemes. Look at the Venezuelan Petro - if it works it could bypass international oil sanctions and radically change the dynamics of global petroleum markets!
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February 07, 2018, 11:10:44 PM
 #13397

Well, looks like we may be seeing a lot of red as the bears are at it again!
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February 08, 2018, 10:32:05 AM
 #13398

Had some pocket money left

Bought up little picnic bear's coin - goooo


 Wink

Found that anti advertisement here - that will work FOR BCH ...

https://www.reddit.com/r/Bitcoin/comments/7vtmxc/coinbase_should_stop_selling_bitcoin_cash_bch/

OMG

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
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Daspinical
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February 08, 2018, 10:33:37 AM
 #13399

Dam, Looking at the growth of Bitcoin Cash its soared compared to other currencies
 
Wonder why that is in such a weird time
BLUE-TRUST
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February 08, 2018, 10:40:57 AM
 #13400

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.

I totally agree with you on this matter, although I am a BCH holder.
solving BTC problems has a beneficial effect on the crypto as a whole.
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