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

Re: Bitcoin Cash deals frozen as insider trading is probed

#151

Post by makomk » Wed, Dec 20, 2017, 7:34 PM UTC

MertsA wrote: post #131

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?

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 the…

Well, it should mostly see the real Bitcoin chain as valid until it doesn't. Older full nodes have a bug where they can't handle chain reorganisations properly with blocks that are the full 1MB in size, so the moment they see an orphaned block they break horribly. (Relatedly, if any big block pusher argues increasing the block size is just a simple matter of changing a few constants, that's a good sign they don't know what they're talking about.)

Re: Bitcoin Cash deals frozen as insider trading is probed

#152

Post by lurr » Wed, Dec 20, 2017, 7:44 PM UTC

etr-strike wrote: post #16

matchcohnn wrote: post #10

But but but crytocurrency is so useful right?? 1.) It's just like dollar! Shoot, coinbase won't allow me to trade it for 3 months! Every country is banning it? It went up 20% then dropped 50% today?! 2.) It's just like Visa!! Damn it costs me $500 to send $500 3.) It's just like gold! So rare....oh wait, another crytocurrency just came out with 100M unit of supplies. 4.) It's just like the bank!! Damn another exchang…

Cryptocurrency is useful. Bitcoin allows me to be my own bank. The rules of consensus define characteristics of money I believe are important. It allows me to save my money outside of the global financial system, a system I believe is corrupt and manipulated. It allows me to program my money, something never before possible. It allows me to transact freely, with whomever I please. Money is whatever people believe it…

USD is backed by the biggest military and economic force on earth.

Re: Bitcoin Cash deals frozen as insider trading is probed

#153

Post by etr-strike » Wed, Dec 20, 2017, 7:45 PM UTC

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.

I agree, but it's not the $500 some people are claiming it to be. Also it confirmed in a reasonable timeframe.

I have the following hopes for bitcoin: 1) People upgrade to segwit

2) The people spamming the network stop

3) Lightning Network will reduce some previously onchain transactions

4) Schnorr signatures will compress transactions even more

Re: Bitcoin Cash deals frozen as insider trading is probed

#154

Post by gizmodo59 » Wed, Dec 20, 2017, 7:46 PM UTC

Some people do know that its going to be listed. https://www.reddit.com/r/CoinBase/comments/7kfbjj/will_coinb...

The user mukiwa2 said "Bitcoin Cash coming in the next few days!!" 2 days back in that thread and he even joked saying he knew an employee in Coinbase.

That response has since been deleted. I was just talking to my friend about this. Here is the snapshot: https://imgur.com/a/cLlp7

Re: Bitcoin Cash deals frozen as insider trading is probed

#155

Post by lurr » Wed, Dec 20, 2017, 7:47 PM UTC

down wrote: post #77

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…

Gold real life use is a myth, around 10% of the demand, copper is much more valuable from this perspective. When the US constitution was born, I don't know, democracy? BTC/BTH, ETC/ETH, crypto is even more democratic as the other side can go on their separate ways, as oposite to countries.

> crypto is even more democratic as the other side can go on their separate ways, as oposite to countries.

countries go their separate ways. Sometimes peacefully sometimes with horrible violence.

Do you not see massive issues with that happening with currency? Some dev gets pissed one day and fractures the currency market?

Re: Bitcoin Cash deals frozen as insider trading is probed

#156

Post by gizmodo59 » Wed, Dec 20, 2017, 7:48 PM UTC

CaptainZapp wrote: post #4

"Brian Armstrong responded that he had repeatedly warned his staff not to disclose its launch plans to family or friends or to trade in the digital asset themselves." So the whole staff new about this move, from which it is to be expected to move the market when published? Charitably put, that's naive.

Some people do know that its going to be listed. https://www.reddit.com/r/CoinBase/comments/7kfbjj/will_coinb.... The user mukiwa2 said "Bitcoin Cash coming in the next few days!!" 2 days back in that thread and he even joked saying he knew an employee in Coinbase.

That response has since been deleted. I was just talking to my friend about this. Here is the snapshot: https://imgur.com/a/cLlp7

Re: Bitcoin Cash deals frozen as insider trading is probed

#157

Post by touchofevil » Wed, Dec 20, 2017, 7:53 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…

It seems like one of the disadvantages of Satoshi being anonymous is that Bitcoin wasn't trademarked, which allows for forks like Bitcoin Cash to use the name Bitcoin. I think this is kind of an interesting case of why trademarks are important as having both Bitcoin and Bitcoin Cash must be very confusing to new users on Coinbase.

Re: Bitcoin Cash deals frozen as insider trading is probed

#158

Post by lurr » Wed, Dec 20, 2017, 7:55 PM UTC

etr-strike wrote: post #19

zarita_existe wrote: post #3

Cryptocoins are all a big fraud - fake money to buy fake drugs. This comes at no surprise.

Bitcoin is as real as the USD. At least with Bitcoin you know what the properties of your currency are. The Federal Reserve doesn't even publish the amount of M3 money anymore: https://www.federalreserve.gov/releases/h6/discm3.htm If that doesn't give you pause, I don't know what will.

> Bitcoin is as real as the USD

Not really. The USD is as real as the US government. If the US government collapses I'm not going to trust Bitcoin to save me.

Re: Bitcoin Cash deals frozen as insider trading is probed

#159

Post by MertsA » Wed, Dec 20, 2017, 7:55 PM UTC

Kiro wrote: post #143

MertsA wrote: 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.

To clarify, I was referring to /r/btc where I lurk from time to time. There were plenty of people bikeshedding over the name but Roger Ver is the only notable public figure who has thrown a temper tantrum over the name. Just because now everyone wants to claim that "BCash" is a propagation campaign just because Roger is hysterical over it doesn't mean that BCash wasn't coined in /r/btc back over the summer.

Re: Bitcoin Cash deals frozen as insider trading is probed

#160

Post by peterjlee » Wed, Dec 20, 2017, 7:59 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 of cryptocurrency as a wild wild west of high risk investing (aka gambling). Companies like Coinbase is in the business of selling you wagons and oxen so you can participate if you wish. I think the real problem is that this became a gold rush, so too many people who don't know what they're doing are participating.