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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

#161

Post by MertsA »

makomk wrote: post #151
MertsA wrote: post #131

Earlier quoted context omitted.

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 kno…

Ah, good point I remember something about that bug a number of years back. Point being SegWit is designed to be compatible with old versions of Bitcoin. Bugs aside it's still a valid chain, old Bitcoin nodes just break on blocks that are considered valid by their own rules.

Re: Bitcoin Cash deals frozen as insider trading is probed

#162

Post by tzakrajs »

touchofevil wrote: post #157
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.

At least when governments fork Bitcoin and force people and financial organizations to use it instead of other digital currencies, they can still call it Bitcoin legally.

Re: Bitcoin Cash deals frozen as insider trading is probed

#163

Post by openasocket »

m52go wrote: post #113
agentdrtran wrote: post #47

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. I'm glad my knowledge of Bitcoin will prevent the price from fluctuating.

I was addressing the 4 issues raised by the parent, none of which were price fluctuation.

In issue 1:

> 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?!

Note the last sentence.

Re: Bitcoin Cash deals frozen as insider trading is probed

#164

Post by proofofanalysis »

FLUX-YOU wrote: post #140
mancerayder wrote: post #94

Earlier quoted context omitted.

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 wer…

Gemini Trust Company, LLC is a New York trust company. Gemini is regulated by the New York State Department of Financial Services (“NYSDFS”).

Source: https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-...

Re: Bitcoin Cash deals frozen as insider trading is probed

#165

Post by Alex3917 »

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…

> block size increase alone is not sustainable

Then they can just implement Segwit. I'm not really seeing the problem here. One version of Bitcoin works today, the other doesn't. It's not really that complicated.

Re: Bitcoin Cash deals frozen as insider trading is probed

#166

Post by taysic »

MertsA wrote: post #159
Kiro wrote: post #143

Earlier quoted context omitted.

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.

No one in /r/btc or the Bitcoin Cash community calls it 'bcash'. Totally disingenuous.

Re: Bitcoin Cash deals frozen as insider trading is probed

#167

Post by taysic »

empath75 wrote: post #148
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'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.

Each fork will need to serve a niche to get attention. That's still a high bar to set. A number of forks have been created that have next to no value or interest.

Re: Bitcoin Cash deals frozen as insider trading is probed

#168

Post by taysic »

partiallypro wrote: post #123
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…

To me it seems like Bitcoin Cash profits greatly just from having the word "Bitcoin" in front of it. Surprised no one just copyrights it and sues other coin makers. I guess that's against he community, but imo it needs to be done. I don't hold any bitcoin or bitcoin cash...I say this as just a general consumer. The "bitcoin" name has brand value, and having "bitcoin" cash is going to inflate the market value of the i…

Not really. There's Bitcoin Gold, Bitcoin Diamond, Bitcoin Ruby, Bitcoin Plus... the list goes on and on but the 'Bitcoin' name hasn't helped any of them much.

Re: Bitcoin Cash deals frozen as insider trading is probed

#169

Post by 659087 »

etr-strike wrote: post #153
zepolen wrote: post #44

Earlier quoted context omitted.

$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

> 2) The people spamming the network stop

That sounds kind of like hoping that people sending spam via e-mail just stop one day.

Re: Bitcoin Cash deals frozen as insider trading is probed

#170

Post by [deleted] »

gruez wrote: post #73
Karunamon wrote: post #59

Earlier quoted context omitted.

I will say that one of the early benefits to bitcoin, low/nonexistent middlemen fees, is not really a thing anymore. Every single time you move across wallets, at current prices no matter how much coin you're moving, you're out the equivalent of $20USD. Considering that basic BTC opsec is to move your coins around regularly, this is painful unless you have insane amounts of money to throw around.

>Considering that basic BTC opsec is to move your coins around regularly Why? For tumbling/obfuscation purposes?

[deleted]
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