/biz/ - Business & Finance

>>9560083
Cuz baby I like it rawwwwwwww

1 If Blockstream had to found Bitcoin on its own merits of high fees thanks to artificial congestion for a market fee and no 0-conf, it wouldn't go past the ico stage
2 Blockstream took over a growing, established, disruptive coin with 96% dominance and trashed it down to 32%
3 Number of tx's constantly going down, now to 1-2 years ago level, from $50,000/block reward* at the beginning of the year down to a silent $2,914/block today (for the noncoiners: reward is important for hashpower)
4 If the plan was to get high fees to drive users to their lightning network, why did they drive them off before LN was ready to receive them??? This neglegience is unforgivable.

* https://fork.lol/reward/fees

It's not a scam, it's not a coin at all, it doesn't even have any fully articulated clear goal, the only thing it has is Cash in the name, which the team never supplied any explanation for it, which only serves to prove it's a PR stunt by Blockstream to ridicule BCH.
Also see >>7655084

>>4203237
Jew > /Pol/ack

>Russian entrepreneur Viacheslav Semenchuk has announced plans for an initial coin offering (ICO) of the world's first kosher digital currency aimed specifically at Jewish communities across the globe.
The BitCoen, which comes from the Hebrew word ‘priest,' has been created to simplify payments within Jewish communities, according to Semenchuk. At the same time, BitCoen can be bought by anyone.
Semenchuk said he has invested $500,000 in the project and the new cryptocurrendy is based on a separately developed blockchain.
>The wide-scale issue of BitCoen tokens is planned for September after the ICO, which hopes to attract up to $20 million. The enterprise launches a preliminary ICO this week for a million dollars to develop the project.
>The bit book has already been filled, according to Semenchuk, who didn’t disclose the names of investors.
>The businessman said that BitCoen may be accepted at cryptocurrency exchanges after the ICO.
>“We are currently in talks with nearly a hundred trading platforms out of the existing 3000,” Semenchuk said, as quoted by Russian business daily RBK.
>The developer is going to issue 100 million BitCoens with a starting price of one US dollar per token. At the same time, the number of tokens being issued cannot be changed by the participants of the project.
>The start-up is planning to boost market capitalization of the new cryptocurrency to $1.5 billion in two years. If it meets its bullish target, BitCoen will become the seventh digital currency in the world by market cap.
>BitCoen will be controlled exclusively by representatives of a Jewish community, who will make a ‘Council of Six.' The developer said that the council would consist of six respected community leaders from business, politics, finance, technologies, public work, and culture.
>The currency will be available for all the trading operations during Shabbat, as the process is automated and doesn’t involve human labor.

Why is ETH worth anything at all when all the big corporations investing in it never even use the ETH coin, only the code?