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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661513 times)
.cryptic.
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September 21, 2017, 01:19:32 AM
 #6101

I wouldn't read too much into it but if true then i would be surprised I would say down to point 2 at the most
https://twitter.com/bitcom21/status/910579445198602240

1/ For people asking about China update, our contacts say we haven’t seen the worst yet. More below (note: this is all unconfirmed for now)…
2/ The most conservative outcome being that all OTC trading is banned which indirectly kills all miners (can’t sell mined BTC).
3/ The most aggressive outcome is a straight takeover of mining facilities by the State.
4/ Our sources say we’ll see extreme punishment for some crypto execs that invested client funds without their consent
5/ Also hearing reports of a LOT of mining equipment available for sale at STEEP discounts for anyone that wants to own the risk.
6/ Note again, that this is all unconfirmed and should be considered a speculative rumor for now. There's a lot of rumors floating around.


2- imagine that..cant sell mined btc = no miners dump and less coins on the market  Shocked
5 - steep discounted mining equipment....where lol, lemme buy it  Cheesy

my take on this stuff is...
i dont care, when i look all alternatives...nothing offers me long term security as much as crypto. (pm's are 2nd)

fiat ..esp $$ is doomed, a currency that has been propped up by wars, created out of thin air..(frb,qe) is something i dont want ,
everyday more and more countries are becoming fed up with this.

As i have said many times, if china leaves any crypto spaces, other countries will take over.



I dont think China will leave the crypto space completely. They want to be in it too, probably with better regulation all around. If they decide to leave Japan and Korea will surely take over.
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September 21, 2017, 01:23:54 AM
 #6102

I wouldn't read too much into it but if true then i would be surprised I would say down to point 2 at the most
https://twitter.com/bitcom21/status/910579445198602240

1/ For people asking about China update, our contacts say we haven’t seen the worst yet. More below (note: this is all unconfirmed for now)…
2/ The most conservative outcome being that all OTC trading is banned which indirectly kills all miners (can’t sell mined BTC).
3/ The most aggressive outcome is a straight takeover of mining facilities by the State.
4/ Our sources say we’ll see extreme punishment for some crypto execs that invested client funds without their consent
5/ Also hearing reports of a LOT of mining equipment available for sale at STEEP discounts for anyone that wants to own the risk.
6/ Note again, that this is all unconfirmed and should be considered a speculative rumor for now. There's a lot of rumors floating around.


2- imagine that..cant sell mined btc = no miners dump and less coins on the market  Shocked
5 - steep discounted mining equipment....where lol, lemme buy it  Cheesy

my take on this stuff is...
i dont care, when i look all alternatives...nothing offers me long term security as much as crypto. (pm's are 2nd)

fiat ..esp $$ is doomed, a currency that has been propped up by wars, created out of thin air..(frb,qe) is something i dont want ,
everyday more and more countries are becoming fed up with this.

As i have said many times, if china leaves any crypto spaces, other countries will take over.



I dont think China will leave the crypto space completely. They want to be in it too, probably with better regulation all around. If they decide to leave Japan and Korea will surely take over.

Bitmain probably has operations elsewhere and can have someone run their hot and cold wallets from a location outside of China. So they can dispose of their BTC via any exchange the wish. China probably doesn't mind Dollars or Euros being imported, anyway.
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September 21, 2017, 01:57:44 AM
 #6103

Anyone have a livestream for Bitkan today?

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September 21, 2017, 04:22:15 AM
 #6104

https://www.youtube.com/watch?v=MeRmVRFaTIY
[Bitcoin Documentary]Bitcoin--Shape the Future
The first Chinese Bitcoin Documentary. Presented by BitKan, supported by Bitmain, Bixin, Huobi, ViaBTC.
 Smiley
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September 21, 2017, 05:07:24 AM
 #6105

Maybe the Japanese will stick a 7mm on a USB stick.

I think the unit you are seeking is a nm - as in 7nm. A nm is one millionth of a mm. Or in today's planar architectures, one trillionth of the area.

Rather different scale, that.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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September 21, 2017, 07:22:20 AM
 #6106

https://twitter.com/johnbnyc/status/910685625996767233

Quote
"The mining ban is real. A miner  I know of has had his electric cut off by local Chinese gov..."

Power has been cut off, we have to move again.



Link please.

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September 21, 2017, 08:15:43 AM
 #6107

https://twitter.com/johnbnyc/status/910685625996767233

Quote
"The mining ban is real. A miner  I know of has had his electric cut off by local Chinese gov..."

Power has been cut off, we have to move again.



Link please.

At least the gov were kind enough to leave the lighting circuit on  Roll Eyes  Huh
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September 21, 2017, 08:47:30 AM
Last edit: September 21, 2017, 09:32:15 AM by tekmobile
 #6108

...At least the gov were kind enough to leave the lighting circuit on  Roll Eyes  Huh

Yes I think they left some lights on so they could dismantle the hardware or perhaps they have a small generator.

I don't know anything about the Chinese electrical installations (Im from the UK and electrical regulations here are strict but china probably not so much) but unless there is a separate circuit feed for the lights and general usage which is possible the miners do use a huge amount of power therefore may need a dedicated feed from the power grid but if this was widespread we would have heard something and maybe start seeing a hash decrease.

If this is a miner indeed shutting down it could just be because they can no longer sell to cover operating costs


EDIT: Also just noted that on the left are GPU rigs so were there any bitcoin mining going on here or was it ETH or some other GPU coin
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September 21, 2017, 09:45:28 AM
 #6109



A Chinese with a fake stolen Brazilian name, seems legit.

My list of 43(+3) reviewed Bitcoin forks | You don't have to download the pre-fork blockchain again for each fork! | Beware of fraudulent AWS accounts sellers and dangerous edu AWS codes! + My personal list of legit sellers and scammers | Never publicly reveal your btc addresses, ownership or any other details and stay very far away from anybody who asks you to! | The general rule of safe buying is: if the seller is a newbie, with no reputation, with no topic nor trust feedback, offering no vouches and/or selling from a locked or self-moderated topic and unwilling to go first or use escrow => AVOID. Always check the trust feedback first and make sure that you have enabled "Show untrusted feedback by default" in "Profile / Forum Profile Information".
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September 21, 2017, 10:08:18 AM
 #6110

While most people are keeping an eye on the Bitcoin price, there are other currencies making some moves as well. With most of the market in bearish or sideways mode for now, Bitcoin Cash is a notable exception. The Bitcoin Cash price has increased by 4.79% over the past 24 hours and reaching US$500 is certainly possible. It’s an interesting trend to keep an eye on, even though many people still doubt the viability of BCH.
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September 21, 2017, 10:24:11 AM
 #6111

Well, I don'tknow. John McAfee says mining ban won't happen. We'll see.

I always forget that McAfee is as representative of the Chinese government
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September 21, 2017, 10:28:17 AM
Last edit: September 21, 2017, 11:21:05 AM by tekmobile
 #6112

While most people are keeping an eye on the Bitcoin price, there are other currencies making some moves as well. With most of the market in bearish or sideways mode for now, Bitcoin Cash is a notable exception. The Bitcoin Cash price has increased by 4.79% over the past 24 hours and reaching US$500 is certainly possible. It’s an interesting trend to keep an eye on, even though many people still doubt the viability of BCH.

BCH is down in the last 24 hours (-1.78%) to a share of (12.66% of BTC) and overall it's down over BTC too by a fair amount compared to what it was just a couple of week back (14.25% of BTC) and also less of a share from a month ago (16.43% of BTC) the only time it was really much lower was right after the initial dump where it bottomed out at 6.62% of BTC and then got pumped up to 20.91% of BTC and has been on a steady decline ever since with the little pump here and there for a day or so then back down it went

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September 21, 2017, 11:26:02 AM
 #6113

Well, I don'tknow. John McAfee says mining ban won't happen. We'll see.

I always forget that McAfee is as representative of the Chinese government

McAfee's old Posse

╥Aztek


And now he's just one of Jihan's (or should he be called Jihad ?) paid goons
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September 21, 2017, 12:44:14 PM
 #6114

The site have already change ?
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September 21, 2017, 01:17:04 PM
 #6115

seem , when china ban ICOs that effect to bitcoin 's price and bitcoin 's cash price

maybe i sell little amount bch to waiting low price
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dinkimole nokkalle...


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September 21, 2017, 01:35:17 PM
 #6116

seem , when china ban ICOs that effect to bitcoin 's price and bitcoin 's cash price

maybe i sell little amount bch to waiting low price
China may not have the influence it thought it would have on bitcoin price. ICO regulation is good but with outright ban on ICOs, some other countries will step in and  steal the limelight for BTC and BCH.
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September 21, 2017, 01:39:31 PM
 #6117

seem , when china ban ICOs that effect to bitcoin 's price and bitcoin 's cash price

maybe i sell little amount bch to waiting low price

^

I'm all on the side lines, awaiting the BTC price drop according to TA way down below $2950. I will get back in around $2500 but it could go as low as $2300. It will of course bring down all others with it (like it usually does) so BCH including in there will probably also see a big dip.

Not an investment recommendation. Only my opinion.
I dont think BTC will drop below $3000. If it goes below $2500 I would consider selling my house and invest all in bitcoin. Cheesy
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September 21, 2017, 01:48:47 PM
 #6118

seem , when china ban ICOs that effect to bitcoin 's price and bitcoin 's cash price

maybe i sell little amount bch to waiting low price

^

I'm all on the side lines, awaiting the BTC price drop according to TA way down below $2950. I will get back in around $2500 but it could go as low as $2300. It will of course bring down all others with it (like it usually does) so BCH including in there will probably also see a big dip.

Not an investment recommendation. Only my opinion.
when BTC price drop to $3000 , i think i so hard to buy it . if BCh is $200 and i will buy all

hope end of this year the BTC price is  $5000 and above  and BCH is  $1000 .
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September 21, 2017, 01:58:07 PM
 #6119

But all "hate" and "joke" aside, unless Dr. Wright signs a message from the genesis block, it will be hard to see BCH shoot up to the moon. At least for the "average" people out there, it looks like an alt coin even though it is the "real" Bitcoin from the technical point of view.

...but if he really is Satoshi, he should do it at some point. I'm pro BCH but talk is cheap. Anyone could say he/she is Satoshi. We need proof! Specially if he wants to help and promote BCH, that proof is absolutely needed imho.

Maybe he will do that after the big dip? Who knows. Huh

What would you do if maxwell signed a message from the genesis block haha serious question
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September 21, 2017, 02:04:32 PM
 #6120

nice coin  Wink
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