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Bitcoin Cash deals frozen as insider trading is probed

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141–150 of 204 posts

Re: Bitcoin Cash deals frozen as insider trading is probed

#141
post #84

So should I sell the BCH in my wallet right now, before 9AM PST?

I think the smartest thing to do is hold it as a hedge against bcash actually usurping bitcoin as the top currency.

You're visibly spamming this "bcash" term in every post, which is hurting your credibility.

Re: Bitcoin Cash deals frozen as insider trading is probed

#142
post #116

Why is the name Blockstream constantly popping up as a source of blame for BTC's issues? That seems to be a theme in the last day or two by the BCH proponents.

Here's a historical explanation: https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/info...

I spent a bit of time reading this but I have to be honest, it's hard to know how true the post is, and the nuances are so specific it's not that interesting to someone not on one of those subreddits or dev team.

What I got out of it: several groups of humans splintered. One side is accused of trying to sabotage the other. The other side denies it.

I didn't pick up much of BTH's ramifactions from reading that, though. I guess you posted it to suggest that the increased blocksize isn't in Blockstream's best interests, and perhaps they played a role in militating against it.

Re: Bitcoin Cash deals frozen as insider trading is probed

#143
post #135

Earlier quoted context omitted.

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.

What? That's absolutely not the case. You're spreading a complete lie.

Re: Bitcoin Cash deals frozen as insider trading is probed

#144
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.

Rather than engage in an argument on semantics let's look at the facts of the matter. The Bitcoin project has been the organization behind the official Bitcoin client since Satoshi was still around. If you were to start up an ancient Bitcoin client today it would follow the Bitcoin project's chain. The BCash chain would be considered invalid as it does not conform to the restrictions of a valid block according to the ancient Bitcoin client. The Bitcoin project chain would still be considered a valid chain. Contrary to most of the FUD around Segwit, the reason why it is considered a soft fork is because while it is a change in what constitutes a valid block, it does not violate any of the previous rules for a valid block.

Re: Bitcoin Cash deals frozen as insider trading is probed

#145
post #132

Earlier quoted context omitted.

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.

It looks like the actual block size limit that most miners are using on Bitcoin Cash right now is 2MB, which isn't so much of an increase from Bitcoin at all. (The odd ones out are BTC.com with a 4MB limit and ViaBTC which has the full 8.) The new Cash difficulty algorithm also has an unfortunate tendency to oscillate when there's a sudden change in price relative to Bitcoin's price.

Also, Bitcoin Cash supporters have a habit of... well, frankly, outright lying sometimes. They were still pushing the idea it was faster than Bitcoin back when it was running at hours per block most of the time, and the usual response to people who discovered this was to tell them that the block time varied and was as low as a minute per block. This was technically true - in fact, often an equal number of blocks were produced at the minutes per block and hours per block rate, in alternating 144 block chunks of each. Can you perhaps see the problem here?

Re: Bitcoin Cash deals frozen as insider trading is probed

#146
post #143
post #135

Earlier quoted context omitted.

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.

What? That's absolutely not the case. You're spreading a complete lie.

You're right. We are witnessing some serious fanaticism here. It's kind of disgusting.

Re: Bitcoin Cash deals frozen as insider trading is probed

#147
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 deserves the name because it has devs actually interested in turning it into the original vision of bitcoin.

Vs a store of value that just racks up transaction fees.

Re: Bitcoin Cash deals frozen as insider trading is probed

#148
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've said this before -- but this fork should have broken the illusion that people had that bitcoins are rare. If viable forks are possible, then they will continue to happen, each of them increasing the number of 'bitcoins' in circulation.

Re: Bitcoin Cash deals frozen as insider trading is probed

#149

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…

This is an extremely well written piece of (false) propaganda. Going into why would take a long time, and each person who cares and isn't sure will need to do his or her own research.

I will note however that people are paid by Roger Ver himself to make comments like this. eg: https://np.reddit.com/r/BitcoinMarkets/comments/6rxw7k/infor...

Re: Bitcoin Cash deals frozen as insider trading is probed

#150
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've said this before -- but this fork should have broken the illusion that people had that bitcoins are rare. If viable forks are possible, then they will continue to happen, each of them increasing the number of 'bitcoins' in circulation.

Good thing it's not viable then...?
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