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Author Topic: Here's why BCH/BSV lovers constantly attack BTC...  (Read 514 times)
arwin100
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February 15, 2024, 08:01:11 AM
Merited by Mahanton (1)
 #21

They do not believe in free market economics (letting the free market decide which chain is more valuable).

Free market dictates that the BTC blockchain is the most valuable in terms of token value AND hashrate amount (security).

They do not like the fact that big block chains (BSV, BCH) have miniscule hashrate compared to BTC, which makes them prone to 51% attacks:

https://www.coindesk.com/markets/2021/08/04/bsv-suffers-51-attack-report/
https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink

I hope this clears up the whole situation. Smiley

Sometimes they do that its because they put a lot of money to those projects and they think they are early adopters of that coins that's why they want to do all they can to destroy the reputation of bitcoin and shift the attention of investors going to those coin they are supporting(BSV,BCH) so that once it get a big demands that can cause a bull run just like what usually happen to bitcoin they are going to be lucky to earn a lot of money from it. We don't really know if they truly hate bitcoin existence but for sure they see bitcoin as competitor since their interest is not always been hit and they think the coins they have will not get a lot of strong community support if Bitcoin will sill succeed and exist in the market.

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February 15, 2024, 09:03:27 AM
Merited by vapourminer (1)
 #22

Unfortunately, I do not see these people anymore. I don't remember if I have seen any BSV or BCH supporters in this forum except a recently banned troll after posting in Leo's farewell thread. I guess that was the happiest moment for a lot of Bitcoiners. No matter what they say, they know that they are spreading lies. They only wake up when the market is positive. I haven't seen any of them in the last year.
If I am a newbie, don't understand about Bitcoin, I can be affected by those shit coin supporters but if I have experience and understand about Bitcoin, I won't be affected by those supporters and their words.

Because I know what is Bitcoin, what are shit coins. I even don't waste my time to read any article, interview, post from those people because I can guess what they say and I am fully aware that they spread misleading information only.

Quote
Actually, the percentage is bigger than this. If we check coinmarketcap, there are 2.2M+ cryptocurrencies at this moment. How many coins do you know? I don't think there are more than 200K Crypto's. The rest 2 million crypto's are dead.
I agree with you on the number. They updated that article recent weeks and we must compare information from different resources and even can do our homework from raw data.

Another report on dead altcoins.
Charting the Number of Failed Crypto Coins, by Year (2013-2022)

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February 15, 2024, 03:52:52 PM
 #23

Unfortunately, I do not see these people anymore. I don't remember if I have seen any BSV or BCH supporters in this forum except a recently banned troll after posting in Leo's farewell thread. I guess that was the happiest moment for a lot of Bitcoiners. No matter what they say, they know that they are spreading lies. They only wake up when the market is positive. I haven't seen any of them in the last year.
https://bitcointalk.org/index.php?action=profile;u=400626;sa=showPosts
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February 15, 2024, 07:37:34 PM
 #24

It's not about BCH and BSV lovers attacking Bitcoin; Bitcoin haters always attack Bitcoin, but who cares? After delisting on Binance, I never checked the BSV price. So I don't feel BSV has so many fans right now. BCH is also not popular, so there is nothing to worry about with their attack. Their community is too small compared to Bitcoin, so they can't fight with Bitcoin lovers anyway. They can just spread FUD and nothing else. But lately, the Bitcoin community hasn't responded to FUDs created by haters. Because everyone is now aware of Bitcoin's potential.

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February 15, 2024, 09:20:50 PM
 #25

They do not believe in free market economics (letting the free market decide which chain is more valuable).

Free market dictates that the BTC blockchain is the most valuable in terms of token value AND hashrate amount (security).

They do not like the fact that big block chains (BSV, BCH) have miniscule hashrate compared to BTC, which makes them prone to 51% attacks:

https://www.coindesk.com/markets/2021/08/04/bsv-suffers-51-attack-report/
https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink

I hope this clears up the whole situation. Smiley

I think it's over for this fork Bitcoin, we haven't heard about them at least in my case until you mentioned them again. And if others are not aware of, upon checking, Coinbase has delisted BSV since last month,

Quote
Effective January 9, 2024, Coinbase will no longer support Bitcoin SV (BSV). Customers have until this date (at or around 12PM ET) to send BSV funds off of Coinbase.

https://help.coinbase.com/en/coinbase/getting-started/crypto-education/bsv-deprecation

Maybe they will have their bull run this year because of Bitcoin, but I don't think that it will be as large as what the original is. So good riddance to them. And if not for those individuals who are still supporting this coin, who knows, they could be dead in the next 5 years.


R


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February 15, 2024, 10:11:06 PM
 #26

They do not believe in free market economics (letting the free market decide which chain is more valuable).

Free market dictates that the BTC blockchain is the most valuable in terms of token value AND hashrate amount (security).

They do not like the fact that big block chains (BSV, BCH) have miniscule hashrate compared to BTC, which makes them prone to 51% attacks:

https://www.coindesk.com/markets/2021/08/04/bsv-suffers-51-attack-report/
https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink

I hope this clears up the whole situation. Smiley

In fact, for some reason I was sure that these two retarded blockchains are long dead, thanks for reminding (NOT!). I'm also not sure who would want to spend his/her time and money to attack these useless networks.  Grin 
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February 15, 2024, 10:23:00 PM
 #27

It's not about BCH and BSV lovers attacking Bitcoin; Bitcoin haters always attack Bitcoin, but who cares? After delisting on Binance, I never checked the BSV price. So I don't feel BSV has so many fans right now. BCH is also not popular, so there is nothing to worry about with their attack. Their community is too small compared to Bitcoin, so they can't fight with Bitcoin lovers anyway. They can just spread FUD and nothing else. But lately, the Bitcoin community hasn't responded to FUDs created by haters. Because everyone is now aware of Bitcoin's potential.
It's just ironic because the one they are using to hate Bitcoin is forked from Bitcoin Cheesy
It's just showing that Bitcoin itself is the real and the one that has no problem at all.

For me, there's no reason to compare BCH/BSV at all, BCH/BSV is starting to vanish.

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February 16, 2024, 06:36:08 AM
 #28

It's not about BCH and BSV lovers attacking Bitcoin; Bitcoin haters always attack Bitcoin, but who cares? After delisting on Binance, I never checked the BSV price. So I don't feel BSV has so many fans right now. BCH is also not popular, so there is nothing to worry about with their attack. Their community is too small compared to Bitcoin, so they can't fight with Bitcoin lovers anyway. They can just spread FUD and nothing else. But lately, the Bitcoin community hasn't responded to FUDs created by haters. Because everyone is now aware of Bitcoin's potential.

The percentage of BSV or BCH lovers is too low. It's lower than one percent if I am not wrong. We see some Bitcoin haters once in a while. Fortunately, they cannot survive in this community due to the massive number of bitcoin lovers. When they try to spread FUDs about Bitcoin, the community reacts instantly and they stay there only if they have no shame.

There were always some initiatives from Bitcoiners to debunk the FUDs. Hodlunt's trial and the recent trial against CSW should prove that.

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February 16, 2024, 01:36:36 PM
 #29

Why do you even care? These chains aren't relevant anymore.
I unfortunately tend to disagree.  Even if they are irrelevant to us they are still massive.  Bitcoin Cash occupies the 18 th spot by Market Cap.  BSV occupies the 53 rd.  And while they should be disregarded as Cryptocurrencies, on the other hand it is in my opinion relevant and important to highlight how sad and bad these Bitcoin replicas are as a reminder to our Community that they are not Cryptocurrencies to be trusted.

Particularly Bitcoin SV.  I truly believe it poses a danger to our Freedom.  In their attempts to make Bitcoin SV more likeable by the Governments, they are pushing a huge propaganda consisting of manipulating readers into believing Bitcoin was supposed to be Know Your Customer enabled.

Unfortunately the Market growth of Bitcoin Cash is still way ahead of Monero.  I wish the day comes when I see them switch spots and all Bitcoin replicas finally fade away.  But as long as there is a supportive Community for it, things will stay the same.

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February 16, 2024, 11:19:10 PM
 #30

BCH and BSV fans prefer bigger blocks for more transactions but BTC supporters argue that smaller blocks maintain decentralization and security. The debate isn't just technical but it's about the fundamental vision of Bitcoin you know

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February 17, 2024, 04:59:52 PM
Merited by vapourminer (1)
 #31

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

Never-bitcoiners have been around from the beginning. They go through stages of acceptance:

1. Bitcoin is like pet rocks / Tulips! They have no value!
2. Ok, Bitcoin has value, but it will fail because someone will hack it / 51% attack it!
3. Fine, Bitcoin has value and is secure, but there are better ways to do blockchain!
4. *FOMO in at $100,000*
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February 18, 2024, 05:21:11 AM
 #32

BCH and BSV fans prefer bigger blocks for more transactions
The whole thing with BCH and BSV may seem to be about "bigger blocks" but in reality it had very little to do with block size. It was all about a hostile takeover of the project called Bitcoin. That is why they created an exact copy and even tried to take miners to increase their hashrate as an attack on Bitcoin.
They wanted to take control, make a ton of money and turn Bitcoin into a centralized garbage. Something they failed to do.

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cryptosize (OP)
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February 18, 2024, 12:50:24 PM
 #33

and even tried to take miners to increase their hashrate as an attack on Bitcoin
Any idea why BTC/BCH/BSV don't support merged-mining (since they all depend on SHA-256)? Was it done on purpose by BTC devs to deter forks?

I'm asking because LTC/DOGE support merged-mining with Scrypt.
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February 18, 2024, 01:24:37 PM
 #34

BCH and BSV people are just envious of Bitcoin. They're bitter of Bitcoin and its success. Envy and bitterness are basically caused by the experience of failure, especially in the face of the success of that which they consider as their archenemy.

But how could they expect otherwise? Theirs are mere forks. Theirs are altcoins. Theirs are copycats. It's ridiculous of them to expect that they would be more successful than the original. They should know their place under the crypto sun. They can only compete against their fellow shitcoins, but not Bitcoin.

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February 18, 2024, 04:16:17 PM
Last edit: February 18, 2024, 04:47:33 PM by spectre71
 #35

Well, don't give up on BCH or LTC so fast. I watched this unfold last year and made some money.

Check the charts BCH moved more that LTC but you can see what the big boys are looking at.

As the big money makes it votes that will determine what goes up and what goes away.

I hope allot of the shit coins go away and that money finds it's way into the solid players.

OOOPS forgot the link


https://www.coindesk.com/business/2023/06/20/new-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches/
cryptosize (OP)
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February 19, 2024, 03:50:23 PM
 #36

Well, don't give up on BCH or LTC so fast. I watched this unfold last year and made some money.

Check the charts BCH moved more that LTC but you can see what the big boys are looking at.

As the big money makes it votes that will determine what goes up and what goes away.

I hope allot of the shit coins go away and that money finds it's way into the solid players.

OOOPS forgot the link


https://www.coindesk.com/business/2023/06/20/new-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches/
I prefer LTC compared to BCH or BSV.
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February 20, 2024, 05:41:30 PM
 #37

Well, don't give up on BCH or LTC so fast. I watched this unfold last year and made some money.

Check the charts BCH moved more that LTC but you can see what the big boys are looking at.

As the big money makes it votes that will determine what goes up and what goes away.

I hope allot of the shit coins go away and that money finds it's way into the solid players.

OOOPS forgot the link


https://www.coindesk.com/business/2023/06/20/new-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches/
I prefer LTC compared to BCH or BSV.

Cool. Why is that?

I will never have interest in BSV.
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February 20, 2024, 05:48:00 PM
 #38

Well, don't give up on BCH or LTC so fast. I watched this unfold last year and made some money.

Check the charts BCH moved more that LTC but you can see what the big boys are looking at.

As the big money makes it votes that will determine what goes up and what goes away.

I hope allot of the shit coins go away and that money finds it's way into the solid players.

OOOPS forgot the link


https://www.coindesk.com/business/2023/06/20/new-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches/
I prefer LTC compared to BCH or BSV.

Cool. Why is that?

I will never have interest in BSV.
Litecoin doesn't claim to be Bitcoin.
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February 24, 2024, 01:17:26 PM
 #39

There are thousands of altcoins and hundreds of Bitcoin forks but they are not comparable in security and developments with Bitcoin.

How many Bitcoin forks are there?
Dead Coins: Over 50% of Cryptocurrencies Have Failed.

I knew Bitcoin Cash used to make a lot of noise and in 2017, its price even was like half of Bitcoin price but I never consider it as a good altcoin.

If I want to use altcoin blockchains for transactions and don't want to touch smart contract blockchains, I would like to choose Litecoin or Dogecoin for my on chain transactions. I don't use Bitcoin Cash blockchain.

Yeah back then I loved when someone created a new altcoin but today there is more than 3000 of coins but nothing can compare with Bitcoin at least for now or maybe ever.

2017 well those years are beautiful for everybody lot of people joined crypto and of course, bitcoin cash was at its peak I chose BCH for transaction Exchange to exchange because the cheap transactions before smart contracts and eth coming because back then the fee of bitcoin was crazy. The last time I heard about BCH was their developer split and created a new BCH and never heard back till this date.

Tho Litecoin and dogecoin is popular as well for gambling and faucet I miss that moment

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February 24, 2024, 01:24:36 PM
 #40

Yeah back then I loved when someone created a new altcoin but today there is more than 3000 of coins but nothing can compare with Bitcoin at least for now or maybe ever.
I am very confident there used to be thousands of Shit Coins back in 2017 too.  Most of them just died and got replaced by other new and more fresh Shit Coins.

The things remained the same way for the most part.  They are just finding new ways to lure new investors, fools, into their 'project' which is just a repetitive Scam.  Show me how many of the 2017 Cryptocurrencies actually provide value to the bubble of Cryptocurrencies.  Bitcoin provides Freedom.  Monero provides that too, but with a plus of Privacy.  What do the other Coins share, besides a very heavily Centralized Cryptocurrency with no real new value brought to the scene?

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