dumplingsandsushi (OP)
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November 12, 2017, 07:29:13 PM |
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I've only been in crypto for about 6 months, and I gotta say, this weekends' insanity with btc vs. bch was pretty intense.
In the end, was it a chinese conspiracy theory designed to be a hostile takeover of btc? Or was it just an elaborate pump and dump scheme?
Well, it looks like satoshi nakamoto wins in the end. The idea of a decentralized currency that is controlled by us and not the powers that be has won over. Despite bitcoins high transaction fees and long wait times, we have all essentially chosen btc as our king. And I wonder, if bch was reall trying to takeover btc, is that even possible? How many users of btc are there that has no idea about this crazy pump or even that bch exists? Has btc gotten to the point where it has become so integrated in things that even if a different, better coin comes along, will that new coin even make a sound? What about projects like iota, same decentralized idea but a radically different technology, will they be able to someday replace btc? Kind of a crude analogy, but even though VHS was KING it was eventually replaced by dvd.
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coiner495
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November 12, 2017, 07:57:20 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
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Compradora
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November 12, 2017, 07:59:00 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
I don't think you're saying right. I don't believe this fork will be successfull, but I very well know that one altcoin cannot take bitcoin down and replace it.
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franky1
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November 12, 2017, 08:06:04 PM |
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what you got to realise is the whole btc bch was all just a fake bit of drama under the fake pretense of choice. the fork did not use consensus. it did not give a real choice and either way the bscartel would win. this has been public knowledge since atleast august. it was never going to be a network upgrade. core ensured it by adding the IP ban code. the devs involved in doing this with core are bing paid by barry silbert the devs involved in doing this with bch are bing paid by barry silbert the whole plan was not a choice of upgrading bitcoin to 2mb baseblock. but just to bait and switch the community into adopting the bscartels segwit code and back out of the 2mb base block. the bscartel got the funding of many millions, purely for the segwit code implementation. and either way this november drama occured. they got what they wanted if you think the reddit propaganda about winning against corporate control was right... then your wrong check it out http://dcg.co/portfolio/#bbloq - jgarzic / gavin A blockstream - sipa / gmax / luke jr
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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equator
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November 12, 2017, 08:07:48 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die
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bitfools
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November 12, 2017, 08:12:51 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die ethereum is essentially controlled by two guys, one of them a little man-child geek, who thinks he can adjust the source as he wishes to decide who wins & loses in his 'ethereum' world, nobody is going to fall for that game. BTC is consensus, as dreamed by Satoshi, likened to herding millions of kittens in space. BCH NYA are all attempts by GOV/BIG BIZ to control BTC For now the little people, the kittens remain in control Note if the assholes can't take over by political means, then they will use GOV, and control BTC by brute force, well at least they will try, For now, BTC is to important to be controlled by the 'kittens' so thinks BIG-GOV-INC Satoshi was an anarchist, he hated GOV, and wanted the kittens to have their own banks, and their own money. Today's money is DEBT, which is slavery BTC is freedom where every man-cat knows what he owns, and is in debt to no asshole or GOV.
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Sachinist
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November 12, 2017, 08:18:38 PM |
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90% alts are bitcoin clones either directly or indirectly. Forked coins are ALL ultimately pump and dump scams. No one who has been around the block believes there is any other intention to effect a fork. It took 8 years for Bitcoin to build its reputation. If some random forked coin can take over in 8 hours then nobody will ever dare to enter the cryptocurrency market and it will be abandoned as little more than a scam. The people who pulled off the pump on Bcash are the ones laughing. They may do it again. Next time don't blindly follow the green arrow and get punked out by market manipulators. HODL TIGHT!
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Sachinist
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November 12, 2017, 08:22:23 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die ethereum is essentially controlled by two guys, one of them a little man-child geek, who thinks he can adjust the source as he wishes to decide who wins & loses in his 'ethereum' world, nobody is going to fall for that game. BTC is consensus, as dreamed by Satoshi, likened to herding millions of kittens in space. BCH NYA are all attempts by GOV/BIG BIZ to control BTC For now the little people, the kittens remain in control Note if the assholes can't take over by political means, then they will use GOV, and control BTC by brute force, well at least they will try, For now, BTC is to important to be controlled by the 'kittens' so thinks BIG-GOV-INC Satoshi was an anarchist, he hated GOV, and wanted the kittens to have their own banks, and their own money. Today's money is DEBT, which is slavery BTC is freedom where every man-cat knows what he owns, and is in debt to no asshole or GOV. You really think nobody controls? PoW is inherently miner controlled.
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SakinaPrincess
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November 12, 2017, 08:23:58 PM |
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Satoshi will always be the winner. All other currencies are just alcoins including BCH and BTCG. Thy can never beat BTC.
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franky1
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November 12, 2017, 08:24:46 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die ethereum is essentially controlled by two guys, one of them a little man-child geek, who thinks he can adjust the source as he wishes to decide who wins & loses in his 'ethereum' world, nobody is going to fall for that game. BTC is consensus, as dreamed by Satoshi, likened to herding millions of kittens in space. BCH NYA are all attempts by GOV/BIG BIZ to control BTC For now the little people, the kittens remain in control sipa/gmax/lukeJR control bitcoin. the bch / btc event was NOT consensus. kittens did NOT have control. the decision to avoid consensus (choice by kittens) was taken away from the kittens back in august https://github.com/bitcoin/bitcoin/pull/11128it was always going to be an alt due to the decisions by 3 people. atleast research your opinion and learn the facts. bitcoin decision process for updates is not decentralised
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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bitfools
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November 12, 2017, 08:30:08 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die ethereum is essentially controlled by two guys, one of them a little man-child geek, who thinks he can adjust the source as he wishes to decide who wins & loses in his 'ethereum' world, nobody is going to fall for that game. BTC is consensus, as dreamed by Satoshi, likened to herding millions of kittens in space. BCH NYA are all attempts by GOV/BIG BIZ to control BTC For now the little people, the kittens remain in control Note if the assholes can't take over by political means, then they will use GOV, and control BTC by brute force, well at least they will try, For now, BTC is to important to be controlled by the 'kittens' so thinks BIG-GOV-INC Satoshi was an anarchist, he hated GOV, and wanted the kittens to have their own banks, and their own money. Today's money is DEBT, which is slavery BTC is freedom where every man-cat knows what he owns, and is in debt to no asshole or GOV. You really think nobody controls? PoW is inherently miner controlled. 51% of the kittens are not in control mining is the control vector, if you don't understand that then you don't understand btc miners are just random ppl running mining hw, so long as +51% are not concerted then its anarchy Yes, china has +80% of mining, but chinese will back stab each other in a second for a one-yuan, there are 1,000's of miners in china, and they're all competing, and the GOV has no power over them, Even BITMAIN which produces the majority of mining hw, they don't have control over the miners and what they choose to mine, It's a klusterfuck by design, Why do you question miners controlling BTC? R U one of the assholes trying to change the way things have worked 8+ years?
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cryptolit
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November 12, 2017, 10:03:54 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Why not a fork? I think it's a good analogy.
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Janation
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November 12, 2017, 10:13:59 PM |
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I've only been in crypto for about 6 months, and I gotta say, this weekends' insanity with btc vs. bch was pretty intense.
In the end, was it a chinese conspiracy theory designed to be a hostile takeover of btc? Or was it just an elaborate pump and dump scheme?
Well, it looks like satoshi nakamoto wins in the end. The idea of a decentralized currency that is controlled by us and not the powers that be has won over. Despite bitcoins high transaction fees and long wait times, we have all essentially chosen btc as our king. And I wonder, if bch was reall trying to takeover btc, is that even possible? How many users of btc are there that has no idea about this crazy pump or even that bch exists? Has btc gotten to the point where it has become so integrated in things that even if a different, better coin comes along, will that new coin even make a sound? What about projects like iota, same decentralized idea but a radically different technology, will they be able to someday replace btc? Kind of a crude analogy, but even though VHS was KING it was eventually replaced by dvd.
This is kind of confusing if you look how the people behind BCH said that it is a crypto currency based on the goal of Satoshi Nakamoto in the future if Satoshi didn't leave bitcoin behind. They implemented that goal but still, it is like not bitcoin at all. They are trying hard to pump this crypto but I think this is all they can do, make it pump for a day.
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salihno71
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November 12, 2017, 10:16:40 PM |
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I just hope that the interest of a large money will not destroy the whole story. It seems like there are too many things going on in the background right now.
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treather
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November 12, 2017, 10:25:25 PM |
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Crazy weekend ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , I have been holding my bch all this while and finally sold them today. The price is too good not to sell, who knows what will happen in a few days time. The real currency war has started indeed.
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sangwookie
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Put it all on the line and go for broke
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November 12, 2017, 10:30:57 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die ethereum is essentially controlled by two guys, one of them a little man-child geek, who thinks he can adjust the source as he wishes to decide who wins & loses in his 'ethereum' world, nobody is going to fall for that game. BTC is consensus, as dreamed by Satoshi, likened to herding millions of kittens in space. BCH NYA are all attempts by GOV/BIG BIZ to control BTC For now the little people, the kittens remain in control Note if the assholes can't take over by political means, then they will use GOV, and control BTC by brute force, well at least they will try, For now, BTC is to important to be controlled by the 'kittens' so thinks BIG-GOV-INC Satoshi was an anarchist, he hated GOV, and wanted the kittens to have their own banks, and their own money. Today's money is DEBT, which is slavery BTC is freedom where every man-cat knows what he owns, and is in debt to no asshole or GOV. You really think nobody controls? PoW is inherently miner controlled. You make a good analogy. It now makes me want to mine btc to help the community at large. Thanks for the insight.
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Pleione527
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November 12, 2017, 10:38:43 PM |
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Bitcoin always win it will remain at the top no matter what. I've witness tge drastical change in bitcoin price through the years even there's so many fluctuations and sudden drop in bitcoin price still it's the choice of majority of investors many still believe that bitcoin is a good investment to take and will sure give a good return
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farhaan
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November 12, 2017, 11:48:05 PM |
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But bitcoin is not VHS and BCH is not DVD. Speaking your terms, if bitcoin is VHS, than DVD is ethereum, eos or projects like that. If bitcoin would ever be replaced (at least surpassed in capitalisation), that'll be an altcoin which is technologically more advanced by design. But not a fork.
Ethereum is no where near btc but bch /bcc have really created a good pump now it is trying to attack through transaction problem by not giving hash to confirm the transaction so that btc could die But despite the huge pump and enormous hash power given to mine BCH,it has failed to reach BTC price and now the game has started to end.
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