pooya87
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July 15, 2020, 04:32:12 AM |
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What's the point of a bitcoin fork anyway? I had heard that it's centralized too.
Forks happen for two main reasons: 1. Upgrades in the network 2. Developers are no longer in consensus with the direction of the project and they split through a hardfork. In case of Bitcoin and Bitcoin Cash, Roger Ver and supporters proposed for bigger blocks to increase Bitcoin's scalability while Blockstream and the rest went for Segwit and second layer solution Lightning Network. Obviously, Ver and his supporters weren't happy about it and so the hardfork. Another insignificant reason is some developers just want to make money using another coin's popularity like bitcoin. They will try to sell their coin with overused "faster, better, cheaper" features but a lot of them still holds on the bitcoin name. you are wrong about a couple of points here. in a decentralized system that works based on consensus of the majority the point #2 shouldn't exist. when in bitcoin >95% of the network accepts a certain direction, that remaining 5% should follow the rest which is what happened in 2017. things like bcash are created to make money. it has nothing to do with disagreement or even scaling. if it really did then bcash shouldn't have had any traces of SegWit in its source code but the reality is that they have implemented about 80% of SegWit already. the funny thing is that they are now talking about "second layer" too
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Yogee
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July 15, 2020, 05:09:56 AM |
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What's the point of a bitcoin fork anyway? I had heard that it's centralized too.
Forks happen for two main reasons: 1. Upgrades in the network 2. Developers are no longer in consensus with the direction of the project and they split through a hardfork. In case of Bitcoin and Bitcoin Cash, Roger Ver and supporters proposed for bigger blocks to increase Bitcoin's scalability while Blockstream and the rest went for Segwit and second layer solution Lightning Network. Obviously, Ver and his supporters weren't happy about it and so the hardfork. Another insignificant reason is some developers just want to make money using another coin's popularity like bitcoin. They will try to sell their coin with overused "faster, better, cheaper" features but a lot of them still holds on the bitcoin name. you are wrong about a couple of points here. in a decentralized system that works based on consensus of the majority the point #2 shouldn't exist. when in bitcoin >95% of the network accepts a certain direction, that remaining 5% should follow the rest which is what happened in 2017. things like bcash are created to make money. it has nothing to do with disagreement or even scaling. if it really did then bcash shouldn't have had any traces of SegWit in its source code but the reality is that they have implemented about 80% of SegWit already. the funny thing is that they are now talking about "second layer" too You just made it sound like Ver was a sore loser when his proposal was supported by a tiny minority. I wasn't aware they've implemented and also discussing the proposals they "strongly" opposed before. Reading about it made me laugh, thanks! So yeah, it's not about integrity or whatever "real vision of Satoshi" and conspiracy theory crap they were spewing. Ver and his BCH is a phony.
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Wind_FURY
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July 27, 2020, 07:32:16 AM |
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Satoshi should have bought bitcoin.com, with a simple redirection to the org.
why?! bitcoin is not some centralized coin or a centralized company to have an owner (aka Satoshi) who is responsible for buying up domain names and protecting them. in fact i say it is a good thing that bitcoin.com is run by a scammer and is scamming people. newcomes learn that in this decentralized world there are always scammers lurking around wanting to empty their pockets while putting on sheeps clothing. It might also turn them away from Bitcoin, and its ethos/philosophy that a decentralized protocol can be used to free us, and help us. The scammed might remember "Bitcoin" as something that broke their bank account.
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NurAzizahhh
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July 28, 2020, 07:39:48 AM |
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I think they will not be scammed. The problem is most people are looking to buy bitcoin to pay for something to bitcoin.com (because we have a tendency that dotcoms are authentic sites) and buy so-called bitcoin without knowing that they are actually BCH. And you can find lots of threads where beginners complain that they bought Bitcoin on bitcoin.com and sent it to their address but it's not accepted. I think bitcoin.com is responsible for all this
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BADecker
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July 28, 2020, 11:47:34 AM |
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But isn't Bitcoin the scam? At the end of 2017, Bitcoin was near $20,000. Then it dropped. Why? Because the miners and Devs made the mining fee so high that people couldn't buy or sell without wasting a lot on miners fees. So, Bitcoin is controlled. And being controlled, it moves according to the whims of the miners and Devs. And if they get together on a conference call, and decide that they are going to maintain the fee at a high amount, and keep the blocks to a small size, Bitcoin is screwed. We are at their mercy. To be sure, Roger Ver could do the same thing. But he has promised that it will never be done that way. Do I trust him? No! But we already see that the Bitcoin Devs and miners are not trustworthy. If they were, Bitcoin would easily be at $2,000,000 today. And the face of money in the world would have changed. But we wouldn't want that, would we? Oh, no. We love Federal Reserve Bank fiat. At least the Devs and the miners do. Because they bowed to the FED, and caused the price of Bitcoin to drop when Bitcoin could have ruled the world. What's up with that?
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BrewMaster
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There is trouble abrewing
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July 28, 2020, 11:56:14 AM |
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But isn't Bitcoin the scam? At the end of 2017, Bitcoin was near $20,000. Then it dropped. Why? Because the miners and Devs made the mining fee so high that people couldn't buy or sell without wasting a lot on miners fees.
first of all price going up and down doesn't make something a "scam". it seems like you either don't know the meaning of the word or are just trolling here. secondly bitcoin price went from $800 to $6000 from start of 2017 to end of 2018 (2 years). i call that a gigantic rise and whatever happened in the middle is the short term drama. and finally price dropped from $20k because it was a bubble. it had nothing to do with fees.
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There is a FOMO brewing...
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BADecker
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July 28, 2020, 12:29:02 PM Last edit: July 28, 2020, 12:41:44 PM by BADecker |
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But isn't Bitcoin the scam? At the end of 2017, Bitcoin was near $20,000. Then it dropped. Why? Because the miners and Devs made the mining fee so high that people couldn't buy or sell without wasting a lot on miners fees.
first of all price going up and down doesn't make something a "scam". it seems like you either don't know the meaning of the word or are just trolling here. secondly bitcoin price went from $800 to $6000 from start of 2017 to end of 2018 (2 years). i call that a gigantic rise and whatever happened in the middle is the short term drama. and finally price dropped from $20k because it was a bubble. it had nothing to do with fees. But why did you ignore the absolutely most important thing that I said? BITCOIN IS CONTROLLED BY THE DEVS AND MINERS. They do it by limiting block size, and by moving miners fees up and down at will. So, explain that please. EDIT: Was it really bubble trouble? More and more people were starting to introduce themselves to Bitcoin when the price was around $20,000. What would have happened if the miners reduced their fees, and the Devs increased the block size to double what it was? Wouldn't trading have increased. Wouldn't the miners get more out of trading increases? Wouldn't Bitcoin have taken over the world of money? After all, if there weren't enough bitcoins to go around, people could start buying satoshi's for $100 each. Bitcoin is controlled. Bitcoin is a scam.
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Kelvinid
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win lambo...
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July 28, 2020, 02:47:16 PM Last edit: July 28, 2020, 03:51:39 PM by Kelvinid |
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There are always scammers but bitcoin.com seems always legit. And bitcoin.com is not a scam. At least not directly like fake giveaways.
I just don't find the reason of not buying it. bitcoin.com and bitcoin.net redirecting to bitcoin.org, that's all.
You don't find reason it because in the first place you don't even trust this site. Yes, Bitcoin.com is not a scam but having BCH as a default currency, it gives an option for the people to think differently of what their real intention of having that and probably they want to trick noobs and even old users. It is something in question why it goes like that and why it is not Bitcoin? Well, that is a need to ask why and so much to believe that Bitcoin.com will make a clear statement in regards to this but there is nothing to read and this is an absolute way of scamming.
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AjithBtc
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July 28, 2020, 03:04:17 PM |
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Bitcoin.com and Bitcoin.org are entirely different. Bitcoin.com is the site formed by Roger Ver who claimed himself as Satoshi. The dot com domain will be common, upon the same newcomers might sometimes get into the Bitcoin.com website misunderstanding it as the dedicated platform for bitcoin. As Roger Ver is the co-founder of Bitcoin Cash he has added it as the default one.
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BlackHatCoiner (OP)
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Bitcoin is a royal fork
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July 28, 2020, 03:24:47 PM |
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Bitcoin.com and Bitcoin.org are entirely different. Bitcoin.com is the site formed by Roger Ver who claimed himself as Satoshi. The dot com domain will be common, upon the same newcomers might sometimes get into the Bitcoin.com website misunderstanding it as the dedicated platform for bitcoin. As Roger Ver is the co-founder of Bitcoin Cash he has added it as the default one. He claims to be Satoshi. Why don't we believe him? Does he lie for sure?
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AjithBtc
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July 28, 2020, 03:58:43 PM |
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Bitcoin.com and Bitcoin.org are entirely different. Bitcoin.com is the site formed by Roger Ver who claimed himself as Satoshi. The dot com domain will be common, upon the same newcomers might sometimes get into the Bitcoin.com website misunderstanding it as the dedicated platform for bitcoin. As Roger Ver is the co-founder of Bitcoin Cash he has added it as the default one. He claims to be Satoshi. Why don't we believe him? Does he lie for sure? Is there any proof to state him as Satoshi. He is lying for sure, if he is Satoshi he could've never moved from Bitcoin to Bitcoin Cash for any reason. As Satoshi stays hidden from the outer world he himself claims as Satoshi. Of I'm not wrong, Roger Ver is an investor and not an innovator as Satoshi.
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notblox1
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July 28, 2020, 09:13:28 PM |
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What are you talking about? Roger never claimed he is Satoshi (but he does claim that Bcash is the real Bitcoin) Scammer who claims he is Satoshi is Rogers ex partner CSW aka Faketoshi.
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BADecker
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July 28, 2020, 09:29:53 PM |
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What are you talking about? Roger never claimed he is Satoshi (but he does claim that Bcash is the real Bitcoin) Scammer who claims he is Satoshi is Rogers ex partner CSW aka Faketoshi. Right! Roger never claimed he is Satoshi. It was Craig Wright who claimed he was Satoshi.
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gamer4156
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July 31, 2020, 02:51:12 AM |
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Bitcoin currently exceeds 11000$+. However, I am not sure if Bitcoin is moving forward or keeping pace with the stock market. There is no denying that Bitcoin has been able to make up for its lossesn a lot. Needless to say, Etherium (ETH) has been able to demonstrate its capabilities. However, it is still a long time to be the equivalent of Bitcoin.
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Swordsoffreedom
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July 31, 2020, 06:24:56 PM |
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Bitcoin currently exceeds 11000$+. However, I am not sure if Bitcoin is moving forward or keeping pace with the stock market. There is no denying that Bitcoin has been able to make up for its lossesn a lot. Needless to say, Etherium (ETH) has been able to demonstrate its capabilities. However, it is still a long time to be the equivalent of Bitcoin.
I think the price of bitcoin will go up in a few more days. my prediction it may reach to $15000. then a retest may happen, we may can see a downward movement, as we have seen before. I think bitcoin is just an unpredictable thing. none of us can say how much bitcoin will cost after few days. we have seen many times that suddenly the price of BTC went down, But now it is time for making new ATH once more..
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MainIbem
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July 31, 2020, 07:46:05 PM |
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Many newbies think that they buy Bitcoin for cheap and when they send bcash to a Bitcoin address come here asking what has happened.
That is weird! Bitcoin cash and Bitcoin are not the same. Though the are look alike, but I agree that most newbies do not even research a thing before jumping in.
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odolvlobo
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July 31, 2020, 10:02:33 PM |
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FYI, Roger was not a co-founder of Bitcoin Cash: https://www.youtube.com/watch?v=jlAMpzDQoqk&t=614
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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NeuroticFish
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August 02, 2020, 07:50:35 AM |
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Many newbies think that they buy Bitcoin for cheap and when they send bcash to a Bitcoin address come here asking what has happened.
That is weird! Bitcoin cash and Bitcoin are not the same. Though the are look alike, but I agree that most newbies do not even research a thing before jumping in. Welcome to the world where many choose Abibos instead of Adidas because it's cheap. Do you think that the newbies understand that crypto is different than the goods where buying the cheaper can be an option sometimes? Or do you think they understand that they don't buy the correct Bitcoin when bcash is advertised (there) as the real Bitcoin and comes up as the first option when one wants to buy Bitcoin?
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