Bitcoin Cash deals frozen as insider trading is probed

Post by namelost » Wed, Dec 20, 2017, 6:00 PM UTC

hackermailman wrote: post #87

avenoir wrote: post #53

This is the second event involving BCH which is looking very "artificial" for the lack of a better word. About a month ago, BCH started an abrupt up-climb while the prices on BTC started to fall dramatically. BTC recovered soon after by hitting all-time highs while BCH prices fell pretty hard. Now we get these talks of insider trading at Coinbase. I don't have much stake in cryptocurrencies and I actually did not min…

There's also a good criticism of BCH here: https://medium.com/@homakov/weekly-sync-friction-the-most-im... Basically it will be too much bandwidth for most users to bother running their own core, meaning increased centralization for BCH and easy way to kill it in the future through some government action or bug.

Post by m52go » Wed, Dec 20, 2017, 6:02 PM UTC

agentdrtran wrote: post #47

m52go wrote: post #18

Earlier quoted context omitted.

If you take the time to learn what's trustworthy, principled, and safe...you won't have any of these issues. Except (2), but that's being worked out right now. Furthermore, it's way too early to compare crypto to established finance. Just because crypto awareness has gone mainstream, doesn't mean it's ready to compete just yet. It's still technology for early-adopters. Those who don't understand that will get screwed…

> If you take the time to learn what's trustworthy, principled, and safe...you won't have any of these issues. I'm glad my knowledge of Bitcoin will prevent the price from fluctuating.

Post by Alex3917 » Wed, Dec 20, 2017, 6:13 PM UTC

blhack wrote: post #109

kbwt wrote: post #107

Earlier quoted context omitted.

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.

Post by wolco » Wed, Dec 20, 2017, 6:25 PM UTC

ohstopitu wrote: post #103

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?

Post by SilasX » Wed, Dec 20, 2017, 6:34 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…