BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
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Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#2The article sounds like a propaganda for BCash.
For common peoples information, BCash is supported by chinese miners, Satoshi Nakamoto impersonator, a convict named Roger and other types of dubious characters.
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#3It seems clear to me at this point that the cryptocurrency revolution is now bigger than Bitcoin itself.
Years ago, I saw three long-term outcomes: Bitcoin being king and altcoins dying on the vine, Bitcoin being one of innumerable blockchains in use, and cryptocurrencies in general failing to gain adoption. I'm scratching the first outcome off the list, and my pen is hovering over the last outcome.
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#4The article sounds like a propaganda for BCash. For common peoples information, BCash is supported by chinese miners, Satoshi Nakamoto impersonator, a convict named Roger and other types of dubious characters.
Really dude? This is not /r/bitcoin.
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#5The article sounds like a propaganda for BCash. For common peoples information, BCash is supported by chinese miners, Satoshi Nakamoto impersonator, a convict named Roger and other types of dubious characters.
What about it sounds like propaganda? They link to a source that currently shows an $18 fee to have a transaction in the next Bitcoin block, which seems to rule out the sort of transactions they are trying to do.
If Bitcoin/Bitcoin Cash are decentralized, why should it matter who supports them? Shouldn't they be judged on technical merits alone?
(I have no holdings in either one)
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#6It seems clear to me at this point that the cryptocurrency revolution is now bigger than Bitcoin itself. Years ago, I saw three long-term outcomes: Bitcoin being king and altcoins dying on the vine, Bitcoin being one of innumerable blockchains in use, and cryptocurrencies in general failing to gain adoption. I'm scratching the first outcome off the list, and my pen is hovering over the last outcome.
The first version of new and revolutionary technology rarely (if ever?) becomes the dominant one. Obvious examples are search (Altavista -> Google) and social networks (MySpace -> Facebook).
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#7This was foreseeable when Bitcoin Core rejected Segwit2x. BitPay's business model simply fails unless the blockchain can scale much more than Segwit alone achieves, very soon.
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#8The article sounds like a propaganda for BCash. For common peoples information, BCash is supported by chinese miners, Satoshi Nakamoto impersonator, a convict named Roger and other types of dubious characters.
What about it sounds like propaganda? They link to a source that currently shows an $18 fee to have a transaction in the next Bitcoin block, which seems to rule out the sort of transactions they are trying to do. If Bitcoin/Bitcoin Cash are decentralized, why should it matter who supports them? Shouldn't they be judged on technical merits alone? (I have no holdings in either one)
You don't have to pay $18, you can wait a little for multiple confirmations instead. By the time you're done waiting, volatility in BTC's price may put you $18 ahead. Or $18 in the hole. /s
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#9Just this May their CEO was singing a different tune:
"We have carefully studied the most significant alternatives to the Bitcoin Blockchain and have concluded that none of them are compelling" [1]
He's been a bitcoin maximalist for a while, so it's notable to see him finally cave due to the mining fees.
[1] https://cointelegraph.com/news/bitpay-ceo-we-studied-bitcoin...
Re: BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
#10Bitpay is owned by bitmain, the miner that controls bcash. You will have every one of your transactions tracked if you use this alt. I'm sure the chinese government will appreciate your compliance.
This is nothing more than self promotional spam.