/biz/ - Business & Finance

>>9689338
"using" crypto for holding currency still doesn't count as actual usage that gives value to the currency. you still count as a speculative investor. without actual users you wouldn't even be able to "use" crypto as a bank deposit because 0 BTC would = 0 USD. just like how it was back in early 2010. it didn't gain any value until people started to actually buy stuff with it (those famous two pizzas).

crap, i was going to sell 1 BTC when I could get 8 BCH for it but now cash just keeps going up and up.

this video was interesting btw, about a woman (!) who actually did her own research in crypto
https://www.youtube.com/watch?v=2UA__Oz3Zb8

>>9661648
Where would I even be able to find such a job? It's not like all these millionaires that made Bitcoin what it is today just banded together and went "let's make a scam lel". They've been trying to increase the blocksize for years upon years, if the guys that control the github refuse to merge with your code what other choice is there than to make your own project?

Satoshi himself might have been refused to merge code into his own project. Think about it.

BCH:
+ Approximately 150 transactions / sec
+ Non-reversible transactions allow for instant acceptance by merchants (0 conf)
+ Difficulty is adjusted every block
+ Scales on-chain
+ Still includes input scripts in the blockchain
+ Most of the people that made Bitcoin what it is today now support Bitcoin Cash
+ Big exchanges added support for BCH almost immediately
+ Have larger scripting capabilitiess
+ Works as described in the original Bitcoin whitepaper

BTC:
+ Approximately 6 transactions / sec
+ Transactions can be replaced to return your payment back to yourself
+ Difficulty is adjusted every 2016 blocks, adding risk of complete freeze if miners leave
+ Tries to scale off-chain but nobody knows how routing will work (Lightning Network), will eventually need a backbone of hubs
+ Removes input scripts from the blockchain on non-SegWit nodes
+ Controlled by Blockstream, denies code that don't align with the company vision
+ Got to keep the original ticker symbol
+ Several opcodes are still disabled in scripting
+ Not meant to be used as cash, claims to be a store of value

>>9635076
51% attack. it's possible on weak proof-of-work networks.

Bitcoin Gold hashrate:
24954301
Bitcoin Cash hashrate:
4065177780055339520
Legacy Bitcoin hashrate:
35373998549280342016

Those numbers are a couple of days old. Sources:
https://bitinfocharts.com/bitcoin%20gold/
https://bitinfocharts.com/bitcoin%20cash/
https://bitinfocharts.com/bitcoin/

Note that Bitcoin Gold has a different hashalgorithm but even if it takes 10k times longer to make a single hash it is nowhere near as secure as BCH or BTC.

>>9589281
All the people that made Bitcoin what it is today now supports Bitcoin Cash.

Exchanges nearly instantly started supporting trading of Bitcoin Cash.

Bitcoin Cash works more like what's described in the whitepaper.

https://youtu.be/rfOlE-mmYBo?t=87

Look at this disrespectful asshole talking Chinese in the same room as Craig Wright. When CW asks him to speak English he's met with "SHUT UP!!!". It's not too much to ask for the ability to understand what is being said at a conference that you're invited to...

Whether or not CW is Satoshi is irrelevant, it's just such a disrespectful thing to speak Chinese at a conference where everybody doesn't understand it. I would have walked out too, how you would be able to cooperate with anyone in that environment is beyond me.

(To make it worse I think he is talking about CW in Chinese too, about his claims to be Satoshi.)

>>9564612
How much is needed to dump? I don't get it, 60k BTC should have been enough to cover the YEN value of the bitcoins at the time of MtGox being shut down.

Buying some Bitcoin Cash and having chicken. No pizza for me today, maybe tomorrow.

>>9530764
it's not a pump, just people knowing it's the real bitcoin

How does it feel having the owner of one of the biggest BTC mining pools admit that the only reason it is still running is in order to squeeze a bit more money out of BTC before the end?

https://twitter.com/beijingbitcoins/status/997411543682777089

Jihan Wu have been wanting bigger blocks since 2015.

Never forgive, never forget.

Also as to WHY people are misinformed about Bitcoin Cash, if you look at the view count on YouTube videos about BCH they will have something like 1k views while videos about BTC might have 100k views and if the guy in that video is misinformed about Bitcoin Cash it carries over to all of his viewers because clearly they aren't watching Bitcoin Cash videos themselves.

all that was needed was to increase 1 MB blocks to 2 MB blocks (without any segwit bullshit of course).

1) bitcoin cash wouldn't exist
2) all developers would still be on BTC
3) stores wouldn't have dropped BTC due to risk of random high fees
4) lightning network could have been developed for another 5 years and wouldnt have been released in a broken state, which sullies the bitcoin name

think about it. a tiny little change to 1 line of code would have prevented all of this.

>>9458214
yes but so what, there's no continuous revenue for storing any data at all. when i fire up my full node i dont get any crypto at all even though i store the entire chain all the way from 2009. you're just stating a fact here.

>>9437391
hells yeah

i think all that's needed for BCH to skyrocket is for BTC's mempool to get overloaded again. a lot of people just don't remember how bad it was in december.

Less than 7 hours left!

https://cash.coin.dance/

(Patents suck btw but if they benefit all of us on BCH, meh. See it as anti-BTC and pro-BCH.)

>>9379287
Never forget.

operation dragon slayer will happen before the hardfork.screen shot this

>>9367683
The next time the fees goes above 30 USD for a single transaction it will be a wakeup call for many that all of BTC's problems are still there and there will be mass migration to BCH.

People forget quickly but they will remember.

>>9351999
not really true, two weeks ago (or was it three?) you'd get 10 BCH for 1 BTC, today you won't even get 6.

so it's not following BTC, more like it's following the crypto market as a whole just like every other coin (including BTC)

>>9339492

>>9326359
chances are they are gone in 10 years but there will always be NEETs.