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Bitcoin Cash deals frozen as insider trading is probed

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Re: Bitcoin Cash deals frozen as insider trading is probed

#131

Post by MertsA »

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?

Right now if you run an ancient bitcoin node it will still see the segwit addresses and the real Bitcoin chain as valid just fine. It cannot follow the BCash chain because it's not a valid chain to it. Also, the Bitcoin project has been marching along same as always, it seems disingenuous to claim that the original is a fork when it's the same exact project and it is still a valid chain for every Bitcoin node out there. I think it goes without saying that the original Bitcoin project should be considered the rightful owners of the trademark "Bitcoin" regardless of whether or not they legally own the trademark for it.

Re: Bitcoin Cash deals frozen as insider trading is probed

#132

Post by blhack »

tr4cefl0w wrote: post #130
Alex3917 wrote: post #101

Earlier quoted context omitted.

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

I said it before and I’ll say it again, block size increase alone is not sustainable. The BCash boyz are stubborn and in denial. Might work for now but in the long term they will need another fork to increase the block size again and so on. They don’t have a Lightning Network either which is already available on Bitcoin Testnet and proved to be extremely fast (almost instant) at very low cost. I hold both but I’m rea…

And bcash isn't even living up to its claims right now.

People are trying to move their coins out of storage onto exchanges, and seeing about an hour before they even get 1 confirmation.

Re: Bitcoin Cash deals frozen as insider trading is probed

#133

Post by dustingetz »

rawnlq wrote: post #122
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…

That reddit link was incredibly informative and worth reading. It finally explains why /r/bitcoin looks like such a meme-driven asylum. All the propaganda, censorship, astroturfing and fake news reminds me of how /r/The_Donald gained support. EDIT: And theymos's reply with the other side of the story https://np.reddit.com/r/BitcoinMarkets/comments/6rxw7k/infor...

Yeah it's striking, people behind T_D and r/bitcoin probably hired the same company

Re: Bitcoin Cash deals frozen as insider trading is probed

#134

Post by jsutton »

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 Cash is the forked version, you're getting them mixed up.

Re: Bitcoin Cash deals frozen as insider trading is probed

#135

Post by MertsA »

asciimo wrote: post #110
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?

I think it's worth pointing out that "bcash" was something coined by the bcash community. The only notable opposition to it was by Roger Ver because he wanted his fork to have the name "Bitcoin" in it. I don't think it helps anything to accuse the poster of being disingenuous for using a term that the community themselves came up with.

Re: Bitcoin Cash deals frozen as insider trading is probed

#136

Post by XR0CSWV3h3kZWg »

erikb wrote: post #125
ohstopitu wrote: post #103

Earlier quoted context omitted.

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?

One is the fork and the other is the original. By not taking the Bitcoin name the Bitcoin Cash group has already admitted that they are the fork. They should be proud about it and give themselves a new name that stands for their ideals. That said I personally don't believe that the name will make a difference in this battle.

In terms of how chain splits work there is not a technical differentiation between a "fork" and the "original". In the case of the hard fork on block 478559 there was a pretty significant change to the consensus rules (EDA, 8MB blocks & no segwit).

What happened on block 494782 was also a fork in some respects, there was well telegraphed plans to change the consensus rules on that block, but no one mined/accepted blocks with those rules.

Re: Bitcoin Cash deals frozen as insider trading is probed

#137

Post by CaptainZapp »

rokhayakebe wrote: post #52
cat199 wrote: post #23

Earlier quoted context omitted.

Companies release products which will change the value of their stocks all the time.. this is exactly how such events are managed. What else could be done? lock up employees at work for a week while the market adjusts?

What else could be done? lock up employees at work for a week while the market adjusts? An email to everyone, a press release, a blog post stating this new feature will be available to everyone in x days at time T. That would be fair game.

No, it wouldn't. At least then not when that email contains information, which is market relevant in any form.

It would only then be fair game if that email goes out at the same time as when the information is publicly available.

I'm not talking about a new iPhone here. But information, which moves the market. For example: A planned merger to which very few people are really privy.

Re: Bitcoin Cash deals frozen as insider trading is probed

#138

Post by tompetry »

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…

It's not Coinbase's job to come up with the name and symbol for coins.

Re: Bitcoin Cash deals frozen as insider trading is probed

#139

Post by vel0city »

zepolen wrote: post #44
etr-strike wrote: post #39

Earlier quoted context omitted.

> Thanks suckers for giving me your warm wallet.....time to fake a hack and shut down this sucker. Anyone who appreciates the properties of bitcoin is using a cold wallet. The cold wallets available on the market today are quite robust and easy to use. I'd recommend trezor. > My $20 request to get on the blockchain STILL isn't done after 5 weeks Here's a recent transaction I made using Segwit just today. Confirmed wi…

$12 fee? That's terrible.

Meh, on that transaction a $12 fee isn't too bad. ~$3,440 transmitted for ~$12 in fees, works out to 0.37% fee. That said, if you have some patience doing a similar transaction through ACH can often be free or significantly cheaper.

Re: Bitcoin Cash deals frozen as insider trading is probed

#140

Post by FLUX-YOU »

mancerayder wrote: post #94
FLUX-YOU wrote: post #17

>"I will not hesitate to terminate the employee immediately and take appropriate legal action." What possible legal action can he take? Breach of contract, maybe? There's no laws regarding cryptocurrency insider trading or manipulation as far as I know.

There are laws that impact securities. And it's not a leap to suggest that these cryptocurrencies are going to be treated like securities by regulatory bodies. If the SEC argues successfully (which they seem to be leaning towards) that they're securities, a slew of regulations will begin to apply. Simply put, you don't need a law that's SPECIFIC to cryptocurrencies in 2017.

Coinbase is in the USA, which makes it fall under the SEC, but Gemini (which all of /r/bitcoin is apparently moving to) isn't -- it's in Canada and the UK.

That's what makes regulating bitcoin hard. It soon becomes a diplomatic problem.

And there's nothing that these agencies can do to stop the actual wallet-to-wallet transfer short of nuking all miners or knee-capping and getting your private key. So even if you were found guilty, you could conceivably flee the country along with a ton of currency.

Regulation is meaningless without the actual threat of enforcement. It means all exchanges can pick up and move to more friendly countries.

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