/biz/ - Business & Finance

My bet is 1000

https://www.cnbc.com/2017/11/10/bitcoin-falls-after-developers-call-off-segwit2x-bitcoin-cash-surges.html

My mother shows her interests investing in Bitcoin Cash today because it's currently dirt cheap in comparison to Bitcoin. Normies prefer Bitcoin Cash than Bitcoin.

Tight your seat belts

The Flippening is real

I Jihan have reverse engineered a nazi fusion powered submarine and will be using it to mine every PoW coin ever made!
Hybrids won't be safe either!
Bitcoin cash was just the beginning... It's part of a larger "cash network" that will enable us to convert the entire mass energy of Earth into Core developers butt hurt.

People are calling for a BCC pump and what they don't realize is that it's the normie dump that I'm going to unleash as fees rise to 100$ per tx!

>>3171359
Bitcoin Cash can suffer a defeat many times, but it only needs to win once.Bitcoin Cash has large holders of Bitcoin Legacy crypto currency as supporters, they can manipulate the market for a short timeframe to set the Bitcoin Cash price above Bitcoin Legacy. The very expectation of such an event and the verbal intervention of such holders are able to influence the price of Bitcoin Legacy and Bitcoin Cash.
The current concept of Bitcoin is based on the fact that the miners act in selfish interests, and their short-term motivation aligned with the long-term. Bitcoin Cash destroys this design - in the short term it may be more profitable to mine Cash, whereas in the long term the vitality of the Bitcoin Legacy main branch is their common interest, as Bitcoin Legacy is a proof of Bitcoin's viability as a storage of value.
To save Bitcoin Legacy, the agreement of the miners is necessary not to mine Bitcoin Cash or, at least, to leave Bitcoin Legacy 20% hashpower. This in itself will transfer Bitcoin Legacy from the category of crypto currency into the category of political currencies, which is bad, but I suggest at that moment to look at the events in November. We already have one agreement of the miners - NYA, according to which the miners should activate hardfork in November. If the miners start out of this agreement, it means that the agreements of the miners have no value. And this means that the miners will have their hands untied for Bitcoin Cash mining at 100% hashpower. And this means that Bitcoin Legacy becomes either a political currency or a dead one.
tl;dr Bitcoin Cash victory is not the main goal of Jihan Wu, because such an event will seriously undermine the value of Bitcoin as storage of value. The survival of Bitcoin Legacy depends on the joint efforts of the miners, which leads us to the victory of SegWit2X.

Use this information as you wish.

>>3156237
>The BTC network stopped working.

It hasn't.

>You literally can't use it for transactions anymore.

You can.

> It's over.

It's not.

>BCC already has 32% of the hash rate, BTC can't recover from a 51% loss.

It's fine:
https://blockchain.info/charts/hash-rate

> the mining pools haven't even fully converted to BCC yet (though have stated they plan to shortly).

[citation needed]

> You literally lost everything.

4000$