[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees

[hv_]

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

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[Big Naturals]

Flippening is much more likely now than before imo, I couldn't see BCH taking over bitcoin throne if noobies got rekt in the process, but that assumed the change to BCH happened in the bull phase, which would have had most new investors taking a bbc up the tail-pipe north of 20K USD.

Flippening during a bear leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, the mass noobie rape fest, but comes in as the white knight in shining armor, and saves digital cash.

There's always a silver lining!!

[Apraksin]

And flippening will happen during a bear market for what reasons? Weak investors who was shaken out during this brutal downturn and wants nothing to do with crypto anymore suddenly realise that BCH is the ultimate coin and buy unprecedented amounts because of scalability?

Pisssssh.

If flippening would have come it would have been back in fall 2017 when Roger Ver tried to pump it into action. Back then there was so much FUD and FOMO that there was a small chance of reaching a phsycological breaking point creating the flip. As it is now anyone can see that the way BCH price is tied to BTC is like a suckling pig to its mother, It's been clearly demonstrated that BCH can't stand on its own.

[Majormax]

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive.

[hv_]

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive.

Yes - most will be sorted out by the negative momentum (all?) charts show. Only simplicity, quality + usability should make it up again. ICO's might be mostly done for now - so ETH's biggest use case....

[Bitbobb]

leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, ... but comes in as the white knight in shining armor, and saves digital cash.

There's always a silver lining!!

https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/
The dip is over - Senate Testimony posted online early! (self.CryptoCurrency)

submitted 11 hours ago by Novandamis4 - 5 years account age. 500 - 1000 comment karma.

Okay, here is the link for the hearing tomorrow. Note the two PDF documents that have their testimony pre-written out.

https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

They basically say, hey ICO's need to be watched so people don't get scammed, but cryptos are spurring technilogical growth and must be protected. In short, it's good news and no crazy regulations!



Maybe ima nuts but ima buying...
 i think many panic sold very quick...very late
the opportunity to gain a high % of coins is to high for too many people now..

..don't point no fingers; not dangerous; this is our planet; you're one of us."

[Bitbobb]

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.

[tekmobile]

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

[Bitbobb]

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 going to guess you are not unbanked

[tekmobile]

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

[tomkat]

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 

[Bitbobb]

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!!!..  

[tekmobile]

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 

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]

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  

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

[Big Naturals]

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

[bitpotter]

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.

[Mrpumperitis]

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 

[svennnny]

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 

MR Pumptits have you seen this https://www.neowin.net/news/coinbase-looks-set-to-deploy-segwit-in-the-near-future 

[Mrpumperitis]

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

[classicsucks]

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.