Bitcoin Cash deals frozen as insider trading is probed • Hacker News Board

Re: Bitcoin Cash deals frozen as insider trading is probed

#101

Post by Alex3917 » Wed, Dec 20, 2017, 5:46 PM UTC

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

Bitcoin Cash is the real Bitcoin. They should just change the forked version to BCore or BStream, so as not to confuse people.

Re: Bitcoin Cash deals frozen as insider trading is probed

#102

Post by blhack » Wed, Dec 20, 2017, 5:48 PM UTC

kbwt wrote: post #99

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

He's not entirely wrong though. What defines the real Bitcoin: The network's hash rate? The developers behind the Qt wallet? Adoption/usage?

What defines anything? You could spend a lifetime on this problem.

Bitcoin has a continuity in price, in name, in code, in software, all the way back to when people first started talking about it in 2009.

The idea that bcash is and always has been bitcoin is betrayed by the simple fact that there isn't a continuity in price back to the genesis.

Re: Bitcoin Cash deals frozen as insider trading is probed

#103

Post by ohstopitu » Wed, Dec 20, 2017, 5:48 PM UTC

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

I have neither, Why can't he call his fork Bitcoin Cash? He claims that it adheres to the Bitcoin.org idea than BTC.

Him & a vocal community (/r/btc) appears to believe in that. What gives BTC (and /r/bitcoin) the right to the name Bitcoin considering both are forks from the original chain?

Re: Bitcoin Cash deals frozen as insider trading is probed

#104

Post by jonknee » Wed, Dec 20, 2017, 5:49 PM UTC

kooshball wrote: post #98

dustingetz wrote: post #79

I watched this happen live. There was a very obvious trading software malfunction. Here's what I watched happen. People could place orders before trading started. I was watching BCH/USD and BCH/BTC which had a fixed price, $3100 USD and 3.00 BTC respectively. BCH/USD had a huge amount of buy pressure (people buying BCH with cash); BCH/BTC had a huge amount of sell pressure (people dumping the airdrop). Only BCH/USD w…

Is there any evidence they're going to rewind or refund the transactions?

Why would they? That's the freedom of an unregulated industry, you are free to be robbed.

Re: Bitcoin Cash deals frozen as insider trading is probed

#105

Post by throwaway_98554 » Wed, Dec 20, 2017, 5:49 PM UTC

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

Which one is closest to the original design?

Re: Bitcoin Cash deals frozen as insider trading is probed

#106

Post by mancerayder » Wed, Dec 20, 2017, 5:51 PM UTC

Alex3917 wrote: post #101

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

Bitcoin Cash is the real Bitcoin. They should just change the forked version to BCore or BStream, so as not to confuse people.

Bitcoin Classic, like an original product that was brought back due to marketing creating demand.

Re: Bitcoin Cash deals frozen as insider trading is probed

#107

Post by kbwt » Wed, Dec 20, 2017, 5:52 PM UTC

blhack wrote: post #102

kbwt wrote: post #99

Earlier quoted context omitted.

He's not entirely wrong though. What defines the real Bitcoin: The network's hash rate? The developers behind the Qt wallet? Adoption/usage?

What defines anything? You could spend a lifetime on this problem. Bitcoin has a continuity in price, in name, in code, in software, all the way back to when people first started talking about it in 2009. The idea that bcash is and always has been bitcoin is betrayed by the simple fact that there isn't a continuity in price back to the genesis.

And that continuity can split and move back-and-forth between forks, as they gain or lose support.

The sum of XBT+BCH price on exchanges fluctuated less than either coin alone.

Re: Bitcoin Cash deals frozen as insider trading is probed

#108

Post by orthecreedence » Wed, Dec 20, 2017, 5:53 PM UTC

ColanR wrote: post #83

pmlnr wrote: post #66

Earlier quoted context omitted.

Gold has real life use even in electrical circuits, besides being pretty. Diamond is used in the industry as well, not just engagement rings. They are also all physical objects. > no Emperor can replace it, no changes can be done without widespread conses. When was the last time humans were capable of agreeing and working together for long term? The blockchain thinks it's got rid of the mad emperor problem, where in…

> mad emperor problem As a tangent, what is that? Didn't find it on google (thought I wanted the wikipedia on caligula).

> Read about ancient Rome and what problems rose when mad emperors decided to replace money with new coins out of the blue

I think it was a reference to one of the previous comments in the chain.

Re: Bitcoin Cash deals frozen as insider trading is probed

#109

Post by blhack » Wed, Dec 20, 2017, 5:58 PM UTC

kbwt wrote: post #107

blhack wrote: post #102

Earlier quoted context omitted.

What defines anything? You could spend a lifetime on this problem. Bitcoin has a continuity in price, in name, in code, in software, all the way back to when people first started talking about it in 2009. The idea that bcash is and always has been bitcoin is betrayed by the simple fact that there isn't a continuity in price back to the genesis.

And that continuity can split and move back-and-forth between forks, as they gain or lose support. The sum of XBT+BCH price on exchanges fluctuated less than either coin alone.

Are you trying to say that the price of bitcoin crashed from ~$3000 to ~$300 immediately on August 1st 2017, and that coincidentally at the same time, a brand new asset appeared that had the same price that bitcoin did a few seconds earlier?

That's just absolutely absurd.

Re: Bitcoin Cash deals frozen as insider trading is probed

#110

Post by asciimo » Wed, Dec 20, 2017, 5:59 PM UTC

blhack wrote: post #96

Here's the stickiest thing about this entire thing to me: the name. Roger Ver (one of the people behind bcash) has said repeatedly that he believes that his fork deserves the name "Bitcoin" and that it is the "real" bitcoin. It seems obvious that the intent here is to confuse people. This, to me, seems like blatant fraud. It is concerning to me that coinbase would continue to allow this market confusion to build by l…

I think you're being disingenuous. "bcash" has become a derogatory term and your use of it belies your bias. Do you also rail against Bitcoin Gold, BitcoinDark, Bitcoin Plus, eBitcoin, BitcoinZ, Bitcoin Red, Bitcoin Scrypt...? Or only the one that threatens Bitcoin's HODL culture?