/biz/ - Business & Finance

>>13816583
F

And
HAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAAHAHAHAHAHAHA

What a dumb shitcoin.

It's called Bitcoin Cash

>>13816583

Do you think the rapper 2 Chainz is behind this?!

>>13816583
kek, i want to shit on bsv as well

>>13816583
SHIT IT'S LITERALLY OVER FUCK

What an absolute shitshow. Unlike bsv it seems they only have hobby devs.

Fucking hell lads
Litecoins gonna tear a rip in the universe

Owned

Is this fucking real ahhahahahah what the fuck

>>13816583
i don't think this qualifies as 51% attack.

>>13816583
Can someone explain to me whats happening?
I don't hold Bitcoin Cash btw

>>13816642
Ayy lmao

>>13816785
look it up newfag
You don't know basic cryptocurrency shit, ffs

>>13816785

Having majority power over buttcorns means you can do things like double spend, hide transactions, reject them, reorganize the ledger, rewrite blocks, and more. A 51% attack is the deathblow for butts of all kinds.

>>13816775
doesn't matter. this kills any perception that bcash is "decentralized, censorship resistant money."

>>13816583
bcash 51% attacked
craig digging a deeper and deeper grave because he's an egomaniacal pathological lying conman and that's what they do
BTC is going to pump very very soon

>>13816628

>>13816875
Thanks, thats absolutely brutal, glad im not holding any of this shit coin

>>13816878
well since both of those pools can drop insane amount of hash from btc to bch if it's ever in their interest this shouldn't be surprising. which is why i always say more than one pow chain of the same family is retarded.

anyone who claimed bch was secure was an imbecile of the same proportions as lukejr in core. btc is the only trustless permissionless secure chain to date. but bch is basically a testnet and very useful in this capacity that is why the status quo is maintained.

so like whatever i'm ready to cut them some slack.

>>13816583
bump

>>13817017
They're all high on dopamine from conning plebs. Just look at their fucking faces, I wouldn't even buy a used car from one of them.

>>13816583
It's not an attack, though. I use the network daily and I don't feel attacked. Some miners had a lot of hashpower and they created blocks. This is how bitcoin works.

Miners (BTC.top, others?) decided to prevent the appropriation of segwit coins for which keys had been exposed in the BTC chain.

A smaller miner tried to collect all those coins.

Some person (either independently or in coordination with the miner) exploited a bug in Bitcoin ABC which prevented miners running Bitcoin ABC from creating new blocks.

The Bitcoin ABC team released a patch.

Miners upgraded and BTC.top proceeded with the plan.

An unknown miner mined a block appropriating many segwit coins.

Prohashing mined a block on top of the unknown miner.

BTC.top orphaned the two blocks.

Prohashing team complained.

>>13816628
More like Bitcoin JUST

>>13816583
no one cares about btc bcash bsv whatever bitcoin
ethereum is the future

>>13817141
kek

>>13816583
Good find OP, bravo.

>>13816583
and? Bitmain has 51% of BTC hashrate too and no one seems to care.

>>13817384
src me fool

fucking about time if true now do bsv next

>>13817115
>BTC.top orphaned the two blocks
That's pretty bad ass t b h

>>13817579
some pure greed and fuckery. They all knew this "update" would allow access to those coins, because BTC.top was after those same coins. Didn't like that an independent miner beat them to the punch, used their power to re-write the blockchain.

BCH is dead. RIP In Peace.

OH NO
SATOSHI IS DOING IT
MAY 31ST
EXPECT IT

>>13816684

>>13817410
>https://finance.yahoo.com/news/bitmain-nears-51-network-hash-200728461.html
>https://bitcoinmagazine.com/articles/bitmain-nears-51-network-hash-rate-why-matters-and-why-it-doesnt/
>https://www.trustnodes.com/2018/06/23/bitmain-nears-51-bitcoins-network-hashrate
>https://bitcoinist.com/bitmain-51-percent-bitcoin-hashrate/
2018, but still relevant to this day.

>>13816583
To be a fly on Rogers wall right now!

>>13817099
its a 51% but the actors werent sinister

wtf is this segwit garbage anyway? i thought the point of bcash was to have everything on chain

>>13817115
Thank you for clarifying

>>13816583
megakek

The my reversed the transactions so no harm done. Centralization isn’t cool, but it’s a nothing burger compared to getting your bags emptied like binance has happen. The sensationalism with you guys, hyperbole notwithstanding, is ridiculous. I wish core/BSV/BCH would stop with the stupid in-fighting, on one efforts and work together against the governments as money changers that won’t to shut crypto down entirely.

>>13816601
Big and brown, like Ranjeesh’s cock

>>13816583
Omfg what a shitshow. The fact this more valued than dogecoin indicates people doesn't know how to allocate their money.

Frens, most of my bags consist of BCH. I don’t care about the centralization stuff or arguing philosophy right now and am mostly concerned with value. Can I get a cogent response to any potential effects this attack and response will have on BCH’s value? Should I dump and invest in something else?

>>13820449
Well, first you should ask yourself why you are in BCH. Surely that will answer your question whether you should leave or stay.

>>13820487
Easy enough, it got up to 4K on some exchanges at the peak of 2017 and I saw more profit potential in buying for a few hundred to have multiple coins versus part of a bitcoin. Now, I also like Rogers take on privacy and doing what you want with your money as you see fit.

I’m not sure what to think anymore and am tired of all the tribalism and drama between the bitcoin communities.

Fuck, I may dump and go all in on ethereum and hold until serenity drops if this shit keeps up.

>>13820487
The rhetorical questions are good, but I’ve only been trading and following crypto for a limited time. Care to share any additional insights?

Anyone?

>>13820487
>first you should ask yourself why you are in BCH

Based and logicpilled. Turns out the brainlet bought BCH because it was "cheaper" than bitcoin. Embarrassing.

It ain't affected the price though. So how gives a shit?

>>13820613
No need to ridicule me, I have other interests and did some research before jumping in the wagon. Fact is, they patched the exploit and there are plenty of centralized projects that continue to developed and flourish.

I could sell, but’s that’s more transaction fees and investing in a new project that I’ll have to buy high on.

>>13820622
Valid point.

>>13820021
>my immutable global financial ledger had transactions reversed by centralized actors
>this is a good thing

OH NO NO NO THIS GUY WAS DROPPED ON HIS HEAD AS A CHILD

This was consensus to fix an exploit used in ab attack during the recent upgrade.

>>13821159
Core and bsv are subject to this same sort of attack.

now can we dump ALL pow trash for coins that are actually immutable?

>>13821406
Such as?

>>13820587
It's not bitcoin nor will it ever be bitcoin. It will never be anywhere even close to bitcoin's value again. You bet on the wrong horse

>>13821784
Thanks, fren. Part of me agrees with you and it stings. :(

>>13821704
I will shill no more. The bottom line is that any crypto based on competition, like racing to mine a block, must allow history to be re-written or it will constantly fork. This goes against the ideals everyone claims to believe in. The only way to create a crypto that is actually immutable is with a distributed agreement protocol. This type of network will not make forward progress until we agree on the next state, so reorgs don't have to exist.

>>13816583
>2 block reorg to protect anyspend funds

eh, not really a big deal

>>13816583
so uhh... why is it not dumping?

>>13821831
because everybody already knew it only has fraction of the hash it would need to be secure.

bch has the exact amount of hash that guarantees creg and his cronies can't reorg it. not a bit more.

>>13821821
Wasn’t asking you to shill, just for intelligent informed opinions to help my decision making.

Thinking about dumping abc going all in on ethereum or something.

What was the difference between bcash today and creg coin a few weeks ago? Wasnt it the same thing?

>>13821909
Sensationalism, I think. Approval for copyright being proof of identity as satoshi versus an unsuccessful 51% attack.

>>13821831
Because it wasn't a 51% attack

>>13821371
nope

>>13821989
Don't checkpoints prevent 51% attacks now?

>>13821881
bitcoin sv. it has less hashpower but basically all the hashpower that is dormant on the sidelines supports SV. Most of the BTC hashpower supports SV, they just sell their BTC they mine and buy SV.

>>13822052
It’s a sedgewit vulnerability that started with core, before the fork. I’d i understand it correctly, it’s with BCH because it was with core at one time.

Not sure what the problem is though. The patch went through and the coins went to their intended recipients. After binance and the tether debacle, we should all be so luck my to come out like the victims of this ‘attack’ did.

>>13822099
Thanks for the tip. I’m more interested in use case than the Hollywood bullshit going on with Craig. I’ll look into it.

>>13822122
chekt

here's a use case: https://dir.sv/, bitstagram, etch, tonicPOW, kronoverse

this is where the shit is getting built and with unbound blocks by feb it is the platform that will scale.

>>13822205
Good luck to you.

>>13822122
You might be interested in this then

https://www.youtube.com/watch?v=3xHA7LGsjiI

Bitcoin OS built for the blockchain. You are witnessing the actual 4th industrial revolution unfolding as we speak with Bitcoin (ticker BSV).

>>13822099
Most BTC miner hash support SV? What is the proof of this?

>>13822093
checkpoints prevent deep catastrophic reorgs not superficial ones that occur normally.

I’m done looking at crypto material for tonight. The dopamine of thinking I’m going to make it is wearing off.

>>13822511
he is trying to pump his shitcoin to dump on you

>>13822511
There's not necessarily proof as I guess you technically need to survey the miners and ascertain as to whether they are telling the truth. Shadders mentioned last night in a livestream that ay any moment significant hashpower can be deployed from both the sidelines and the BTC chain. Calvin and Craig both mine BTC and convert it to SV, and any other miner should be looking at the fees coming through with big blocks and wanting to get a piece of that. the recent 2GB blocks on test net had 28bsv in fees in addition to the 12.5 block reward. 28 additional bitcoin as reward is a significant profit signal, especially as to generate that 28 bsv there needs to be some serious use of the chain too which will come with DRIVE, kronoverse, tokenized, dir, bitstagram and whoever else is looking to jump in the platform that scales.

>>13820568
yes, keep diluting that part of a bitcoin that could own into several shitcoins