/biz/ - Business & Finance

Does this mean that they are reducing the blocksize again?

>>10730828
Good luck.

>>10730838
>>10730840
still time to get on the right side of history
or are you too compromised

so he has given up on bitcoin cash and now supports bitcoin?

>>10730875
What happens when cash has the longest chain?

>>10730904
doesnt it already because of retarded difficulty adjustments?

>>10730904
i don't give a fuck about any of that, all that matters is market cap and what normies think. Nobody knows what the fuck bitcoin cash is.

Also, is Craig giving up on bitcoin cash? Sounds like he is from this tweet.

This guy really is such a monumental douchebag.

Surely if he was Satoshi he'd just prove it, and then Bitcoin Cash really would become the real Bitcoin end of fucking story.

Instead he just acts like a total fucking wanker instead... which leads anyone to believe he is just an attention seeking fraud

>>10730875
>>10730917
pic related doesn't work on proof of work. didn't anybody tell you?

there's bounty's for proof of shilling, good way to get off your sinking ship

>>10730904
I think BCH already had the longest chain shortly after the fork for some time, but nothing really happened.
It's the market that needs to decide that BCH makes more sense so BTC miners wouldn't have a choice but to submit.

>>10730942
I'm not sure what point you're trying to make? I don't know much about this Craig guy, but from what I remember he use to shill Bitcoin Cash right? Has he switched sides? That's what it sounds like to me?

>>10730961
nobody switched sides...
Some people have supported bitcoin since 2009
Some people have been literally bought off to create a weird sidechain called lightning network

>>10730828
Why is everyone involved with bcash such a beta fag?

>>10730986
>Some people have supported bitcoin since 2009
>Some people have been literally bought off to create a weird sidechain called lightning network
\
Yeah like this Blockstream INFILTRATOR in pic related

>>10730986
let me get this straight. There are 2 chains right. One called bitcoin cash and one called bitcoin. From what I remember, Craig use to shill bitcoin cash, but now it looks like he has switched sides to bitcoin?

Is this correct?

>>10731003
Cash suffix is not needed because only one will survive.
Bitcoin and its ticker are not anyones brand but simple ideas.

>>10731003
you think there will be no consequences for what you are doing

>>10731033
>>10731028
I'm just trying to get a straight answer. Why are you speaking in fucking riddles?

Blah blah blah buy my bags

>>10730935
Stay mad faggot. His hubris alone makes numales upset their poster child isn’t some japanese dweeb kek

>>10731003
>not knowing what’s the real bitcoin and what’s some co opted Jewish coin
not gonna make it

>>10730828
>Jihan controls BCH hashrate
>Jihan controls BCH hashrate
Yeah I'm not buying this

>>10730828
>money needs to be stable
>use this hypervolatile asset
Loooool

>>10731116
As far as I'm concerned bitcoin is the crypto currency ranked #1 on coin market cap with a current price of ~$6500. Why is it so hard to get a straight answer here? Stop dodging the fucking question.

>>10731122

>>10731149
Just buy bitcoin, what the fuck is your question anyways??? Yes u are correct, anything other then bitcoin is an altcoin

>>10730935
>This guy really is such a monumental douchebag.
Sure. Despite supporting the BCH project, i agree.

>Surely if he was Satoshi he'd just prove it, and then Bitcoin Cash really would become the real Bitcoin end of fucking story.
No...i can't imagine any good comes from ANYONE publicly proving they created Bitcoin and subsequently owns a massive stake of them.
It's volatile for lots of reasons, with very little upside.
There is also the ethical consideration, should a figurehead be required to legitimise a decentralised asset? Or should it be meritocratic?

>Instead he just acts like a total fucking wanker instead... which leads anyone to believe he is just an attention seeking fraud
Fair enough mate. Can't really argue against this, some will always find that showman / edgy personality as distasteful. Others rightfully comparing him to a use car salesman or con man. I think the personalities at the fore of BCH are the sole reason the word "con" and "fraud" get slung around so frequently. It's also why people rarely investigate or debate on the underlying protocols. Dumb people get to feel awfully smart by discussing difficult topics, simply by debating only the personalities within it.

>>10731169
I did, I use coinbase.

Transferring to binance now to buy some of these juicy alt coins.

My question that no one seems to be able to answer is if craig wright switched sides from bitcoin cash to bitcoin (that's what I read from his tweet?).

>>10730904
what happens when bcash has the longest bcash chain
>dumbfuck.jog

>>10731178
BCH is Bitcoin.

>>10731178

To your questions specifically, no. No "swapping sides".

To everyone supporting the project, and to probably Craig himself; the project under the moniker BCH is the original bitcoin protocol or original vision.

>>10731003
there are 70+ forks of bitcoin... btrash is one of them. 70+ chains. bitcoin is still bitcoin - bcash is a faied marketing scam fork

>>10731178
He's claiming BCH is BitCoin.

>>10731206
Are you sure? On coinbase it lists Bitcoin (BTC) and Bitcoin Cash (BCH)? Are you saying I am buying the wrong one? I bought BCH once and tried to send to a BTC address but it didn't work and I lost my bitcoin :(

>>10731206
say the bcash cultists and nobody else

>>10730828
>we finally have peer to peer cash
feels good man. the real bitcoin is always fudded hard by (((them))). I hope they keep attacking bitcoin so I can keep 10x'ing my stack each time the real bitcoin forks away from the jews trying to take over it

>>10731235
Wait so he is claiming BTC is BCH? Aren't they suppose to be separate?

>>10731242
if true , congrats, bcash cultists have fucked over yet another person new to crypto. how does it feel?

>>10731252
bcash cultist marketing directives... get noticed by pretending to be bitcoin.

>>10730828
what a bunch of faggots. have fun in your circle jerk nobody wants to use.

>>10731265
>newfag
Rkg has always been a bch hater. Ur just a newfag december buyer lmao

Small blocksize means nodes everywhere.
Nodes everywhere means no centralisation.
Right now, BTC is the ONE AND ONLY decentralised crypto, and THAT is why it's number 1.
Of course, anyone wanting to gain control cannot design decentralisation, and so we have an ecosystem composed of bitcoins and scamcoins.

The most prominent coins tend to be under a lot of scrutiny though, and so even if they are completely centralised ( ETH, BCH, LTC... ), they are still a good way to accumulate more bitcoins relatively safely.

>>10731297
y u gotta be so mean :(

>>10731313
Nice digits ho

Lightning network really working out great right?

>>10731297
nice rebuttle
> COPE

>>10731300
Bitcoin mining has long been centralized (the only outcome for PoW since economy of scale dictates that the richest will dominate mining). The other nodes don't fucking matter and also could be centralized (without you even noticing) by someone with access to shitloads of cloud boxes (economy of scale again).

>>10731300
The goal isn't decentralization, the goal is censorship resistance.

No one wants to centralize Bitcoin, they just don't want to sacrifice utility under the excuse of "maximum decentralization" that in reality provides no benefit to the network.

Would you rather have a network that anyone can use that is decentralized across the globe with thousands of relevant economic and mining nodes, or a network that only the rich can use with hundreds of thousands of nodes doing nothing but relaying transactions from the significant nodes?

>>10731383
I think bitcoin is better targeted at rich people who want to store their value and move money around. Remember the rich control most of the money.

>>10731401
>the rich control most of the money

>>10731300
ethereum has the most decentralized network
https://cryptoslate.com/ethereum-more-decentralized-than-bitcoin-according-to-university-study/
>Small blocksize means nodes everywhere.
the reason is because that's a monumental bullshit. People start nodes when they get some utility from that. A unused coin has minuscule requirements but close to zero nodes as nobody needs them. As long as costs increase slower than benefits, increasing scalability increases number of nodes.

Once eth goes PoS the number of nodes is going to skyrocket.

>and THAT is why it's number 1.
It's number 1 because it was the first and has the strongest brand (not even adoption anymore - that's eth). That's it.

>>10730828
Gameover corefags

>>10731466
wats a corefag?

>>10731481
Paid employees from blockstream that shitpost on 4chan, twitter, reddit, etc. about bch

>>10731635
what's blockstream got to do with any of this? They're the ones who are developing lightning right?

>>10731649
Maybe some core devs helped, but lightning labs developed ln. Blockstream holds patents on sidechaining coins which works on LN hence their fight to keep blocksize small and force transactions onto second layer LN.

>>10731670
okay but what does this have to do with bitcoin? This could be used on any coin right?

>>10731737
Yes, LN would actually work better on BCH with big blocks, but i think a better second layer solution will be available by the time BCH blocks start getting full. I'm talking years from now.

>>10731781
I think there are better coins for payments than either bitcoin or bitcoin cash. For example Nano.

>>10731899
Ok

>>10730942
This could apply to BCH and lightning.

>>10731425
I was living in a lie my whole life

>>10730828
Why is no one talking about the death of mining ?

>>10732350

>>10731242

Fake

>>10731055

When Craig Wright says bitcoin he means bitcoin cash. So he’s saying he still supports bitcoin cash. This is the new meme, people will be like “I only bitcoin thanks, not that block stream coin fork” etc etc.