/biz/ - Business & Finance

>>10678562
bitmain just switches hash power to bch and its over for btc

>>10678562
yep. Roger is going for ICOs remember what ICOs did to ETH... They broke ETH.. now ETH below 300 b/c every ICO is exit scamming. Jihan wants an IPO. You'd think a big mining company like Bitmain would be smart enough to stick with what works... but Roger managed to convince Jihan into drinking the cashie lemonade. Now they need a bail out from IPO investors or risk going to shit. Bitmain is stuck with BCASH bags that they cannot liquidate b/c it would send the BCASH market down into a death spiral. Ironically the only thing keeping Bitmain a float right now is selling their mined BTC and they simply don't have enough in reserve to keep it up. Shit is hilarious. BCASH forks can't even save the cashies. Nobody wants BCASH nor wants to use BCASH no matter how much they try to shove it down everyones throats.

>>10678654
They aren’t planning on liquidating bch bags. Use your brain.

>betting against bitmain

Ishygddt

>>10678669
because of the reason stated brainlet

>>10678635
deluded bcashers don't even understand mining, hashrate, or difficulty

>>10678654
>remember what ICO's did to ETH
>remember how ICO's brought ETH from $8 to >$1200

ok, fine. I guess i'll ride this rocketship.

>>10678895
ITS
NOT
CALLED
BCASH!!!!!!!!!!!!!
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

core cucks falling for the bait

>>10678654
>>10678895
I can't believe after all this time people still think the "bcash" meme improves their anti-bitcoin cash shilling. Might as well add an "I'm a hopelessly brainwashed idiot" metatag to your post.

>>10679038
>Might as well add an "I'm a hopelessly brainwashed idiot" metatag to your post.

>>10678635
this

>>10678895
i don't understand what you think there is to understand

jihan wu has even said Bitmain are only still mining on BTC right now as a short-term profitability play.

the BTC chain is doomed, the timer has just not hit 0 yet

>>10679038

fuck off btrash

If things don't work out, maybe they should short Bitcoin BTC, run a hash power attack while they can, and exit the space with some profit?

>>10678669
>>10678687
>>10678919
>>10678992
>>10679038
>>10679080
all idiots. BTC is king and is the only reason Bitmain can remain operational.

>>10679327
Bitmain have disclosed how much crypto they hold (first column).

As you can see the BTC has actually decreased while BCH increased greatly. They are mining BTC but turning it into BCH as soon as they can.

At this point I can't see how anybody can't see the flippening coming. The writing is not on the wall, it's all over the sky at this point.

>>10679518
If another dragon slayer operation happens that gets too big, BTC will find a way to emergency hard-fork. There's too much money involved to let it run just like that. This could also be used to centralize mining power in their own hands, since the general public won't care.

But a final manufactured BCH pump and dump hash attack combined with shorting BTC could be a good exit.

>>10679597
core cant even handle a regular hard fork and you think they can pull off an emergency one? yeah ok.

>>10679597
Until satoshi moves his btc to an exchange and goes all in on bch, his true vision.

>>10679630
The most satisfying explanation on this is that a regular hard fork isn't happening because they don't *want* one. As the conspiracy theory goes, and there's a lot of merit to it, it would go against their business model to hard-fork for say a block-size increase.

But an existential threat to BTC would certainly make them consider a fork, and in fact they've stated before (IIRC in the context of SegWit2x?!) that they're prepared to change the mining algorithm if need to.

>>10678562
>Is bitcoin cash going to suffer the same fate as vechain? please no bros

if this is supposed to be fud, try harder
BCH will win

Cashies are really coping hard in here
Jihan is losing to other companies that are making better mining equipment
When will BCash be added to the graveyard of Roger's Bitcoin forks?

>>10679726
Nigga in an hour this shit is going under $500.

>>10679518
887k bitconnect
top kek

>>10679038

It's in their contract. They literally have to call the real Bitcoin 'bcash' or else they don't get paid.

It's fucking annoying as fuck but eventually Bitcoin (BCH) will retake the market as it is the coin which created this entire market in the first place.

>>10679920
No, it won't.

>>10679597
"another dragon slayer operation", what are you trying to say?

>>10679789
yeah it's pretty funny how bitconnect swooped in and took the BCC ticker but I like BCH better anyway so it's cool

>>10679518
This is literally going to be the biggest exit scam in crypto history. Its going to make Mt. Gox and Bitconnect look like baby-tier shit.

>>10680112
>"another dragon slayer operation", what are you trying to say?

Did you really miss the November 2017 combined BCH pump, BTC dump, and BTC transaction backlog and fees explosion, that came to be known as "Operation Dragonslayer" and was actually announced by insider posts well in advance?

https://www.yours.org/content/is-operation-dragon-slayer-fact--or-fiction--73821081136a

Another one of these could involve, again:
- Bitmain using its hash power to pump BTC transaction backlog and fees
- Exchange price movements by trading BTC for BCH

>>10680207
Actually that's shitty article I didn't read before posting, disregard that.

It's really about this text:

https://pastebin.com/dQ7M2CtP

Which coined the term "Dragonslayer" and, as I recall, was indeed posted on some website weeks before that November 2017 attack occurred.

Does anyone have the URL of the original site handy, should be available on the web archive?

>>10680207
>>10680280
ah, that conspiracy thing. if it was ever real i guess things didn't go according to plan since it reached way over 10k and isn't down to 1k yet

>>10680280
Hate to post again, but that pastebin is also some fake garbage.

This was the original article that predicted the November 2017 flippening attack:

https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

The term "Dragonslayer" was apparently introduced later.

>>10680356
See the other post, this is the real website that predicted the attack, it's not just a conspiracy:

https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

So yes, that failed, but Bitmain and other miners could make another such pump and dump if their finances aren't working out.

>>10680359
thats a lot of text to read right before bed. ill save the url for tomorrow. if you can greentext summarize the thing briefly id appreciate it, then ill double check what you claim in your greentext towards the letter tomorrow

>>10678562
Going against bch is betting against Bitmain.

Bold move.

BCH is a Coinbase coin, no way it goes to zero.

im holding on to this article as a sliver of hope
http://cryptocoinjunky.com/ubers-biggest-shareholder-backs-15-billion-bitcoin-giant-bitmain/