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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661530 times)
tekmobile
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September 26, 2017, 03:23:06 PM
 #6261

Local bitcoins compensates users by selling BTH for BTC

Over the past few weeks, many Bitcoin Cash (BCH) supporters wondered when the peer-to-peer trading platform Localbitcoins would release BCH funds to users who left bitcoin on the exchange before the August 1 split. On September 25 the organization revealed it sold the BCH funds and will be compensating users in bitcoin.
https://news.bitcoin.com/localbitcoins-compensates-users-by-selling-bitcoin-cash-for-btc/

https://localbitcoins.com/blog/bitcoin-bcash/

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LocalBitcoins has decided against supporting Bcash, for various reasons. Our primary focus is to provide easy access and global liquidity for Bitcoin and to ensure the security of Bitcoins held in customer accounts. Adding support to an alternative cryptocurrency that shares address space with Bitcoin would have significantly shifted resources away from this main focus. We believe supporting Bcash would create confusion and complicated situations e.g. due to the possibilty of sending Bitcoins to Bcash addresses, which would result in extra hassle and possibly loss of funds for our customers.
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winding-coils
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September 26, 2017, 04:25:16 PM
 #6262

They stole everyone's bitcoin cash and sold it?  Shocked

What gives them authority to make selling decisions on behalf of those who use the service?

They robbed those people their opportunity and right to bitcoin cash.
tekmobile
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September 26, 2017, 04:36:02 PM
 #6263

They stole everyone's bitcoin cash and sold it?  Shocked

What gives them authority to make selling decisions on behalf of those who use the service?

They robbed those people their opportunity and right to bitcoin cash.

No they gave them extra bitcoin its like me sending you some euro's and you getting dollars from the bank and saying the bank stole your euro's
Mrpumperitis
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September 26, 2017, 05:05:05 PM
 #6264

They stole everyone's bitcoin cash and sold it?  Shocked

What gives them authority to make selling decisions on behalf of those who use the service?

They robbed those people their opportunity and right to bitcoin cash.
localbitcoins doesnt hold coins like an exchange, they cleary say, remove funds from their site, or else pay a weekly fee.
its only when a trade is being made afaik, they hold the coinsin escrow.
so i doubt anyone has lost anything
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September 26, 2017, 05:08:42 PM
 #6265

Yeh its pretty surprising so much volume is still going through with so little time to go.  Maybe trading will cease but users will still be able to withdraw later.
Just thinking...
what if they dont close? hmm
What if china based exchanges move location? hmm


If they did then there would still be no CNY trading so would be just crypto<>crypto the only advantage chinese exchanges have in china is the ability to trade fiat<>crypto
crypto - crypto sounds fine to me, lol

also , what if exchanges outside of china want to trade in cny...can they be stopped? i dont think so, but not sure.
tekmobile
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September 26, 2017, 05:11:08 PM
 #6266

Yeh its pretty surprising so much volume is still going through with so little time to go.  Maybe trading will cease but users will still be able to withdraw later.
Just thinking...
what if they dont close? hmm
What if china based exchanges move location? hmm


If they did then there would still be no CNY trading so would be just crypto<>crypto the only advantage chinese exchanges have in china is the ability to trade fiat<>crypto
crypto - crypto sounds fine to me, lol

also , what if exchanges outside of china want to trade in cny...can they be stopped? i dont think so, but not sure.

Would still needs a chinese bank account which would not be authorised and probably would just be closed if used for this purpose
classicsucks
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September 26, 2017, 06:14:19 PM
 #6267

They stole everyone's bitcoin cash and sold it?  Shocked

What gives them authority to make selling decisions on behalf of those who use the service?

They robbed those people their opportunity and right to bitcoin cash.

This whole "exchange stole my BCH" debate is what's so genius about Bitcoin Cash. Basically, exchanges were forced to support it.

In case others don't realize it, we all got free money and Bitcoin/BTC didn't lose value.
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September 26, 2017, 10:03:46 PM
 #6268

A quick  Mr P, bch analysis says....

We still going up...grab em cheap while you can  Cool
tekmobile
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September 26, 2017, 10:05:51 PM
Last edit: September 26, 2017, 11:00:48 PM by tekmobile
 #6269

A quick  Mr P, bch analysis says....

We still going up...grab em cheap while you can  Cool

But be quick there will only be a few blocks after the next 1-2 days while the EDA is exploited  Roll Eyes
gotowerdown
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September 26, 2017, 11:11:40 PM
 #6270

bitcoin cash 1:1 bitcoin  Grin Roll Eyes
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I don't buy nor sell anything here and never will.


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September 27, 2017, 02:01:37 PM
 #6271

Yeh its pretty surprising so much volume is still going through with so little time to go.  Maybe trading will cease but users will still be able to withdraw later.
Just thinking...
what if they dont close? hmm
What if china based exchanges move location? hmm


If they did then there would still be no CNY trading so would be just crypto<>crypto the only advantage chinese exchanges have in china is the ability to trade fiat<>crypto
crypto - crypto sounds fine to me, lol

also , what if exchanges outside of china want to trade in cny...can they be stopped? i dont think so, but not sure.

Would still needs a chinese bank account which would not be authorised and probably would just be closed if used for this purpose

Totally, everyone who wants to have CNY must have a chinese bank account, same as everyone who wants USD must have an american bank account. Using your head, at least time to time, might be useful.

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 27, 2017, 02:37:56 PM
 #6272

Bitstamp Gives Users Bitcoin Cash But ‘Postpones’ Trading Indefinitely

https://cointelegraph.com/news/bitstamp-gives-users-bitcoin-cash-but-postpones-trading-indefinitely

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We have now distributed corresponding Bitcoin Cash (BCH) balances to those of our customers who chose to leave their BTC on our platform at the time of the fork. An equal quantity of BCH is now available for withdrawal
tekmobile
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September 27, 2017, 03:47:15 PM
 #6273

^

Damn, I made account there for nothing then! *lol* Looks like Coinfloor will be then. Tongue

Have you ever used coinfloor and are they any good ?

I know they are a UK exchange which is better for me since i'm guessing that they will pay in GBP (are you from the UK ?)
muvie
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September 27, 2017, 04:10:29 PM
 #6274

The more you hate this coin, the more bullish I will become. Have bought a lot of it in the last days. Expecting 2x-3x from here.
matt4054
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September 27, 2017, 05:04:25 PM
 #6275

Any thoughts on the potential inflation problem that REQ-7 of UAHF spec could introduce in the long run?
25hashcoin
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September 27, 2017, 05:13:36 PM
 #6276

Bitcoin Cash discussion panel from Bitkan: https://www.youtube.com/watch?v=3bRBkkqLES0

Very bullish. Jihan says "flippening".

Bitcoin - Peer to Peer Electronic CASH
tekmobile
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September 27, 2017, 05:59:48 PM
 #6277


Very bullish. Jihan says "flippening".

Jihan talks shit

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September 27, 2017, 06:32:13 PM
 #6278

^

Damn, I made account there for nothing then! *lol* Looks like Coinfloor will be then. Tongue

Have you ever used coinfloor and are they any good ?

I know they are a UK exchange which is better for me since i'm guessing that they will pay in GBP (are you from the UK ?)

https://bitcointalk.org/index.php?topic=325676.0

I understand Nefario may no longer be at Coinfloor. However, their founding had him in a significant role. I wouldn't trust their judgement, personally.

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 27, 2017, 06:37:07 PM
 #6279


Very bullish. Jihan says "flippening".

Jihan talks shit

[fake-news.jpg]

In my experience, when people start lying to make a point, it typically belies a weak position.


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.
classicsucks
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September 27, 2017, 07:02:31 PM
 #6280


Very bullish. Jihan says "flippening".

Jihan talks shit

[fake-news.jpg]

In my experience, when people start lying to make a point, it typically belies a weak position.



LOL the guy claims to be a miner, yet his little fake meme says "difficulty will be reduced so very few blocks will be mined". What a tard.

So now Maxwell is talking about rage-quitting? Do us a favor, you big baby!

Meanwhile somebody pumped BTC over 4000, we'll see if that holds. BCH dip on the Bistamp news (supply side increase), but I feel like that is temporary. The minute another legit BCH-fiat exchange comes online... boom.

Did I miss the Satoshi Dice BCH announcement? That seems bullish. No USA customers however.
 
Thanks for the tip on Coinfloor.
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