/biz/ - Business & Finance

>>8666016
Shitcoin not going anywhere

I don't get why it's going down so much.

>>8666016
satoshi has forsaken us

>>8666148
because it is a marketing shitcoin with no future

>>8666016
always happens before btc pump

>>8666016
Kek. How can people fall for Bcash? Seriously, who the fuck falls for that. They have the most retarded team in crypto, hands down. Not even Litecoin comes close

>>8667568
>this happens every March

>>8666148
>Forked coin that only managed to stay relevant by riding the "Bitcoin" name
>Objectively a worse version of Bitcoin since it's mostly the same, but with larger blocksizes
>The face of the coin is an autistic manchild who desperately tries to co-opt the Bitcoin name for his own coin and who spergs out when people refuse to play along
>The face of the coin is also literally a convicted felon who has fled the country
>Deceptive business practices such as buying the bitcoin domain and using it to direct people into buying Bitcoin Cash while calling it "Bitcoin" - No amount of beating people over the head is going to get them to accept the "Bitcoin Cash is the real Bitcoin" meme

>I-I don't get why my literal scam shitcoin is going down...

Satoshi thanks you for his donation

>>8667712
>Forked coin that only managed to stay relevant by riding the "Bitcoin" name
corecucks will never get it

>>8666016
You reap what you sow.

Well it seems like bitmain stopped buying up BCH mid january. They were the ones artificially propping up the price so of course it's going nothing but down now.

19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k

They still hold 440k BCH. If they started selling expect a ratio closer to 0.01.

>>8667890
corecucks? You mean bitcoin people. What you autistic bcash shills dont understand is that bitcoin core is to bitcoin what bitcoin cash core is to bch.

"hey lets get on roger's autism level and call bch bitcoin cash core".

If you guys don't kill yourelves now, youll kill yourselves when btrash hits 0. Whats the point of 32mb blocks when no block ever even reaches 200kb??? This is plain retardation

>>8667890
and late adopters like you will forever be subservient to these salesmen taking your money.

>>8666016

>thinks <.10 satoshi makes sense

>>8668577
>Whats the point of 32mb blocks
On chain scaling to millions of people using the coin everyday. Satoshi's Vision.

YOU FELL FOR THE BCASH MEME AHAHAHAHHAHAHAHAHHAHAH

>>8666148
Bitcoin Core supporters are trying to sabotage it.

>>8668636
What happens if the 32mb blocks get full

>>8668636
>On chain scaling to millions of people using the coin everyday. Satoshi's Vision.

NOBODY USES BCASH!!!

Statoshi's vision isnt to put scammers in control of a coin. Satoshi wouldnt pull autistic tantrums and be proud of them, posting them on his youtube channel. Satoshi's vision is to make btc decentralized, unlike bcash.

You still didnt answer my question so here it is again : Whats the point of 32mb blocks when no block ever even reaches 200kb???

Satoshi's vision is bigger blocksizes when theyre needed. Satoshi didnt start with 32mb blocks either when the blocks were not even reaching 200kb... Satoshi's vision is btc. Scamtoshi's vision is bcash

>>8668680
They are going to keep increasing them.

>>8668680
they wont.


>>8668648
>Bitcoin Core supporters are trying to sabotage it.
Do you even know what bitcoin core is?
bitcoin core is to bitcoin what bitcoin cash core is to bitcoin cash. You guys are fully autistic

>>8668733
>Satoshi didnt start with 32mb blocks either when the blocks were not even reaching 200kb
you're right, the block size was completely unlimited to start out with. later It was reduced to 1mb to prevent cheap spam.

>>8668734
Until they become impossibly large for private nodes to process.
Great plan.

>>8668761

i think it's called bitcoin abc or bitcoin unlimited

or you wanna say that bitcoin cash core = bitcoin core without segwit + 8mb blocksize?

>>8668877
Only full nodes matter.

>>8668680
This guy estimates that the end game for BCH is a 1T block, which can handle all transactions across the globe:
https://www.youtube.com/watch?v=PKFkhWWiLDk&t=0s&list=PLpd9yRMC7Ebl40OAmLUI8Zev9Ixekxv6s&index=5

>>8668884
Thanks for clearing it up. I'll reformulate my statement. Bitcoin core is to bitcoin what bitcoin abc is to bcash. If you wanna ccall bitcoin "bitcoin core" you better start calling bch bitcoin abc so your autism is more consistent. For now we have bitcoin and BCH. Even DOGE is more useful, cheaper and has more on-chain transactions than btrash. This is satoshi's true vision right?

Microsoft's true vision was MS-DOS. Does any one use it? No, they use improved versions of it which is the equivalent of using BTC today. Satoshi put the block limit for a reason and if you're too stupid to understand that, you'll kill yourself eventually when you realize how stupid you were

>>8668733
>NOBODY USES BITCOIN(BCH)!!!
I use it virtually every day for purchases and sales since it's cheap fast and reliable instead of expensive slow and unreliable like bitcoin legacy is.

It isnt about the tech. It is about everyone who owned bitcoin then got free bitcoin cash. This caused the market to pump with tether because essentially free money was printed to diversify. Now that losses are tallying up, the people who were holding it are selling off to offset their negative.

>>8668770
Do you think there's no more cheap spam on the blockchain??? Now that we have autistic retards trying to kill bitcoin, a blocksize limit is more important than ever. Scammers like roger turn to verbal propaganda when their attacks on the network are not successful

>>8669039
>This is satoshi's true vision right?
Read the white paper to answer your question.

Didn't Satoshi explicitly say that BTC was best used to facilitate large transactions? Why would you make a fork centered on small transactions when you're just going to get your ass eaten by LTC, NANO, XRP, and every other "fast" coin?

is it a good idea to buy an equivalent amount of BCH whenever buying BTC just as a hedge? I mean I think BCH is a shitcoin but just in case operation dragonslayer actually does happen wouldn't it be smart to hold equal amounts BTC/BCH? In coins not in dollars, obviously dollar amount would still be much higher in BTC right now

>>8669069
HOW FKN STUPID ARE YOU?????? GO AND GOOGLE ON-CHAIN TRANSACTION VOLUMES FOR BCH. IDK WHAT PLANET YOU LIVE ON BUT EVEN DOGE HAS MORE ON-CHAIN TRANSACTION VOLUME THAN BCASH.

Of course transactions are cheap, they would be cheap too on the bitcoin blockchain if the blocks were always under 200kb like they are on bcash

I'm holding a lot of Bitcoin Cash and it's really painful times brahs

>>8669114
And where does it say that bitcoin has to be centralized and owned by chinks and scammers in the whitepaper? Nowere. btrash is gonna die sooner or later

>>8669069
Reading right off the cue cards.

Oh, Cashies. When will you learn that Roger doesn't give a fuck about Bitcoin. He only cares about the spotlight, like a true narcissist.

>>8669176
it is owned by the most efficient businesses, yes.

Bitcoin cash is the future

>>8669144
DOGE has no capped supply, not what anyone who likes BCH would want.

>>8669159
Holding any crypto is painful right now. Don't know why the Corecucks are so angry when their coin isn't doing any better.

>>8669187
Yes let’s centralize bitcoin by an “efficient business” and call it satoshi’s vision. 10/10 I hope you die

>>8669334
It’s true. People who like BCH wouldn’t like decentralization, efficiency and a coin that has proven to be better than btrash that’s not run by scammers

>>8669144
>TRANSACTION VOLUMES
Irrelevant.
> they would be cheap too on the bitcoin (deprecated) blockchain if the blocks were always under 200kb like they are on bitcoin (bch)
Also irrelevant, bitcoin (deprecated) already proved itself useless (as a currency) back in December when you had to pay $200 in fees to send a transaction that confirmed in less than an hour, bitcoin (bch) could handle all the traffic of bitcoin (deprecated) back then and still be fast cheap and reliable. Looking forward to the 1Gb blocks!

>>8669402
Capitalism is great, isn't it. :)

>>8669347
Btc is doing a lot better than bch. How can you say it’s not doing any better? Do the math. A supposedly “better shitcoin” that has the same supply as btc is only worth 10% of 1 bitcoin. It’s been on a steady decline since I cashed out at .16

0.001 bch here we come

>>8669473
The only thing that matters is fiat value.

>>8669039
>Satoshi put the block limit for a reason
and what reason was that?

>>8667712
>convicted felon who fled the country

>>8669459
200? More like 20 at the peak. I guarantee you btrash will have similar transaction fees when blocks hit 1mb which they won’t because it’s a shitcoin.

If bitcoin has 200kb blocks, the transactions would be low as fuck too. Look at the fees when blocks aren’t at 1mb instead of blindly listening to scammers that will take all your money

>>8669512
Google it retard

I cant wait to get out of this shithole country too>>8669525

>>8669567
Yeah I'm sure Satoshi wanted nodes to be run on Raspberry Pi's from here until eternity.

I'm super bullish on BCH because it's maybe the only coin out there that will actually be used for things other than speculation. 1 to 5 years from now just watch.. but don't expect a 'pump' anytime soon. Bitcoin was originally about payments and cash, not "mooning"

Core supporters are unironically socialists
>waaa waaah fair mining mommmyyyyyy

>>8669664
Give up. It's over.

>>8669603
It’s better than having 3 chinks running 98% of the nodes isn’t it?

>>8669700
>implying

>>8669730
You really need to understand the nodes that put transactions into blocks are the only ones that fucking matter. This is already the case with btc.

>>8669753

>Implying we don't need 10 billion non-mining nodes to do whatever they do

>>8669069
I use shitcoin #31234

It also has 0% fees.

>>8669753
That's why mining cartels suddenly came up with the idea of "segwitx2 compromise" just before bip148 gets activated, right ?

If non-mining nodes have no real power, then why jihan was so afraid of uasf ?
Oh wait, you probably weren't even around back then, and just blindly follow the "bitcoin jesus" and sir dr craig wright, "the real satoshi"

>>8670087
Segwit2x was a misdirection play, for core supporters to attack.

>>8669459
>bitcoin (bch)
Bitcoin's ticker code is BTC

>>8667712
>Being this big of a brainlet.
>Not understanding the purpose of "Bitcoin: a peer-to-peer cash system" in 2018.

>bcash

>>8669144
Who cares about transaction number when BCH moved 5.9% of crypto-value in USD in the last 24h? It is the 3rd crypto in transaction value fucking genius

>>8670559

but is it digital gold? nope

>>8670900

>> feel for the digital gold meme

>>8670109
It was a "compromise" to pass bip91(segwit) by miners, after denying it for 1.5 years.

That's why you should never shit where you eat. There are times you may eat that shit, as it happened to jihan back in july.

>>8668577
There is no bch core. It's 5 different teams group effort. Ignorant fool

>>8670197
>hurr durr brainlet durrrrrrrrrrrrrr

>>8670559
LN will assrape your tx volume and speed
And guess what? If it doesn't -- something else will.
Because bitcoin has teams of the best talent in the field and bcash has a handful of retards

>>8666016

Rule of thumb, when you lack the creativity to even name your product, I don't think you'll make it in the big boys pool. Didn't Doge already execute this meme?

>>8669039
>Satoshi put the block limit for a reason

Haha you fucking RETARD. Block size was limited because of spam because back then sending BTC was almost free. It was always ment to be temporary.

>>8666016
Only reason why bitcoin ash is disregarded is the name bitcoin. Plain old bitcoin. People know that. They see bitcoin cash and go wtf that's not the "real" bitcoin. But it is. Just like Ethereum classic is the real Ethereum. ETH is the fork that improved on security issues and is getting the most attention.

Bitcoin Core segwitt/lightning will never moon again, enjoy holding your old coins as they continue to drop till it gets around 2-3k then satoshi and the crew will keep dumping more to finish it off

>>8671220
It was open source and he/she/them knew down the line changes could be made and allowed for them to be made. Hal Finney, Dave Kleiman, Nick Szabo, and Craig Wright all played a role in the development so any of those guys are qualified to continue development. It's a matter of can we trust them with our money?

Watch a Craig Wright seminar. His attitude is I don't give a fuck, I will keep working on this and make it a reality. Electronic peer to peer CASH. Bitcoin Cash!

>>8668329

>bitmain has 440k bcash
>gox has over 100k
>winkelvoss twins have over 100k
>dunno how much ver has but its probably over 100k

wew

>>8671489

Yeah, bet on the copy/paste coin that is held by like 12 people. Solid. If you are going to go retard, definitely go full retard.

>>8671672
Its held by exactly the same people who hold bitcoin. It was a hardfork, so you can use your bitcoin private key to access your bitcoin cash coins.

>>8671837
But they all dumped it for pennies on the dollar and are super pissed it hasn't gone to zero like they said it would.

>>8671567

Heavy bitcoin holders got bcash for free, zero incentive to sell. Heavy holders actually buying Bcash, very small number of people.

>>8671910
Do people literally not want a working version of bitcoin?

>>8668610
>late adopter
>in BCH
late adopters are all in the BTC camp faggot, and most early ones are in BCH.

turns out the Canadian politician scammer that called bitcoin cash a scam is the scammer, typical core cuck

https://coingeek.com/for-8-man-misleads-canadian-parliament-on-bitcoin-cash/

>>8671022
>5 different teams
Who are all the same chinks

>>8671933
No mob wants off chain scaling where you have to be online 24/7 and can only send to people in the network already.

>>8671995
>Unlimited
All anglos
>nChain
All anglos
>ABC
A French dude and idk about the rest
>XT
All anglos
Stupid nigger corekek.
P.S. Fabric token is the real bitcoin cash

>>8671984
You realize that Coingeek is owned by Calvin Ayre right? The same person on Facebook posting about killing Bitcoin Core with Roger Ver and Craig right? Not that i am defending Core, both Core n Cash are shitcoins

>>8671997
Literally would rather use fiat than lightning network.

>>8672094
So would any business, why would anyone want to have their funds locked up in that.

>>8671055
>LN will assrape your tx volume and speed
You realize that Bitcoin (BCH) has its own version of lightning called Teechain (or Bitcoin Thunder). Using Bitcoin Thunder (Teechain) you can do 65,000 tx/s while using a laptop to process your transactions and you are not required to run a node in order to use it. Furthermore Bitcoin Thunder can not be harmed through network congestion attack as outlined in Pg 50 of the Bitcoin Lightning whitepaper called Forced Expiration Spam Attack. So basically Bitcoin Cash not only has its own version of Lightning in Bitcoin Thunder, but Bitcoin Thunder doesn't have a routing problem, congestion problem, and it doesn't require you to have a node online. Bitcoin Segwit is fucked. People just have to educate themselves on the protocol behind the coin rather than listening to retards like Tone Vays, the whole lot of the Crypto Youtubers, and the bankers who control Blockstream.

>>8672164
https://arxiv.org/pdf/1707.05454.pdf
Here's the source for you to educate yourself.

>>8669525
>he has all mining infrastructure rigged with explosives that the Chinese can't remove

Thanks just bought 100k

only reason this garbage coin had any value was because of the 1:1 airdrop lmao

>>8672253
i'll educate your mom, roger

>>8666016

They call it Bitcoin Crash for a reason.

>>8672164

You realize that having a derivative version of everything Bitcoin is doing is evidence of a wonky propaganda machine promoting vaporware. Bcash is worse than litecoin.

>>8668733
>Satoshi wouldnt pull autistic tantrums and be proud of them, posting them on his youtube channel.
this is 100% correct and one of the main reasons I don't believe CSW is Satoshi.

>>8672273
>"airdrop"
It is literally a hard fork.

>>8671966
This is the opposite of the truth. All the cashies I know personally are late adopters who thought it was too late to buy BTC, so they bought BCH instead and fell for the lie that it would flip BTC and go to 20k

Late adopters knew they wouldn't get rich buying bitcoin at $3000 and holding, but they can buy bitcoin trash at $300 and roger ver tells them it will flip BTC, so they'll be rich soon if they just believe the propaganda and repeat the mantras.

It's very pathetic and transparent.

>>8672371
All the cashies I know were in between 2010 and 2013. Weird. BTC is garbage and has stalled on raising the blocksize for several years now.
At this point it can never be justified for BTC to hard fork and increase the blocksize ever. They dug their own grave.

>>8672164
So its a copy of LN, even though trying to avoid LN was the whole reason for BCash in the first place, with a hilarious own-brand-ripoff name, and implimented by a dev team with orders of magnitude less talent.
Do I have it right?

these threads are so boring now. can we stop with these already? neither side is doing what the other side is predicting so kys already. oh btw BITCOIN CASH

>>8672538
No. Bcash is a borderline scam deliberately designed to confuse noobs.

>>8672504
Use Bitcoin Unlimited, heard they are doing well.

Capitulation is just starting.

>>8672599
Bitcoin Unlimited is a client/wallet. And it works pretty well. They parallelized the UTXO validation which is a big improvement and some other things.

>>8672598
such a convincing argument

>>8672645
Thats the whole argument. You were wondering why we cant agree to disagree.
I was telling you.

btc merchant adoption is shrinking bch adoption is growing.
Btc's replace by fee makes 0 confirmation transactions 100% unsafe and means settlement cannot be said to happen within 10 minutes.
There is not a single reason to cap blocks at 1mb today (non mining nodes do nothing).
Segwit destroys the mining nash equilibrium incentivising the collusion of miners to change the UTXO without owners signatures. https://m.youtube.com/watch?v=VoFb3mcxluY You can only trust jihan and roger to not be doing this right now.
BTC is vulnerable to a chain death spiral BCH is not.
Why introduce segwit before a blocksize increase when lightning network requires 133mb as specified in the lightning network whitepaper?
Why introduce segwit at all when it is not necessary for second layer solutions?
Lightning network will not be decentralized because to make decentralised routing in a mesh network is NP hard.
Why would anyone want lightning network when it is not a decentralised ledger? the whole point of bitcoin is to scale on chain as that is what makes decentralised uncensorable money which can free all the people in the world from the financial repression of central banks.

>>8672663
i was asking a rhetorical question. i never asked why. read my post again >>8672538

god DAMN it guys, dont look at the price like sheep. it's so easy for anyone to manipulate the crypto market.

if someone that owns 1000 BTC (and thus also 1000 BCH) hates bitcoin cash he can completely wreck the price on his own

this causes fools like OP (that gets "worried") to flock back to the "safety" of BTC and then BCH goes down even more

think for yourself and compare the two WITHOUT LOOKING AT THE PRICE. it's very clear that bitcoin cash will win in the long run to me, personally I used this opportunity to turn 1 BTC to 10 BCH.

in five years i'll remember this panic drop very fondly

>>8672703
>non mining nodes do nothing
Stopped reading there

>>8672728
>if someone that owns 1000 BTC (and thus also 1000 BCH) hates bitcoin cash he can completely wreck the price on his own

How is that good for bcash lmao

>>8672815
>How is that good for bcash lmao
it's like this for all cryptos, including BTC

>>8672703
Is this what bch doctorine teaches ?
>btc merchant adoption is shrinking bch adoption is growing.
Yeah happened momentarily after btc fees flied through the roof and coinbase added bch, it's been bch shrinage and btc growing since then, december.
>Btc's replace by fee makes 0 confirmation transactions 100% unsafe and means settlement cannot be said to happen within 10 minutes.
0 conf bch tx's are buggy as hell, that's usually what happens when shitty devs work on it. I know you guys still chasing "but muh coffee", that's what 2nd layer is for, there's no way to settle every transaction on chain, practically.
>There is not a single reason to cap blocks at 1mb today (non mining nodes do nothing).
Agree on 1mb cap, it's not neccesary. Non mining nodes can reject certain transaction and can cause a split on network, for more info please do your research on uasf.
>Segwit destroys the mining nash equilibrium incentivising the collusion of miners to change .......
"muh everyone can spend everyones money meme" boy, c'mon... Don't be this stupid
>BTC is vulnerable to a chain death spiral BCH is not.
Both chains vulnerable to it to some degree. We saw how that meme played out several times by now.
>Why introduce segwit before a blocksize increase when lightning network requires 133mb as specified in the lightning network whitepaper?
For fucks sake man, you spit out technical words left and right, but have 0 knowledge of it. Please go read the whole whitepaper before parroting. You can activate LN even if blocks are 100kb or even less.
>Why introduce segwit at all when it is not necessary for second layer solutions?
It was neccesary, as a malleability fix. Which hurts chinese miners, that's why you are parroting their doctorine.
>Lightning network will not be decentralized because to make decentralised routing in a mesh network is NP hard.
It won't be distributed, it'll be decentralized, aka no central entitiy, there'll be still bigger nodes on the web

>>8672891
Its like that for literally every commodity on any exchange--natural gas, power, oil, gold, silver, etc. Have a huge volume and you can wreck the price. (But why would you?)

>>8672891
No. Bch has a unique situation where millions of their coins are being held by users who are hostile to their network and received them at no cost.
Not very comfy.

>>8672942
Defending so hard but its clear that the hard fork should have been done EARLY, not late. Now btc cannot fork to a higher blocksize limit after all the dubious reasoning that has already bee embedded in the decision making. Not to mention then it would just be bitcoin cash, and why not just use bitcoin cash?

>>8673003
No block size increase will happen eventually.Even the thought of it puts you on denial. It'll be fun to watch cashies on suicide watch, if bch can maintain it's existence that long.

>>8672950
Totally irrational to be mad at a coin.

>>8673022
It wont happen. If it did I would glady use btc. But it wont. Read up on the blocksize debate that went on since atleast 2015.

>>8673022
good luck with that

>>8673033
Not irrational at all. If you have two asssts, one worth 100k and one worth 100 million, and one of them will 2x while the other will collapse, which would you choose?

great time to be in crypto as we get to be a part of the death of bitcoin, swirling down the drain.

>>8673022
If there's no increase, there's no adoption, no moon.

>>8673124
So the hard fork came with a crystal ball?

>>8673166
There's this site called coinmarketcap.
Think of it like a digital crystal ball.

>>8673229
Ok I get it now. You're a brainlet who has twisted his mind for loops.
Best of luck to you

>>8673251
Bcash is literally the dumbest "team" in crypto.

>>8673280
Peter Rizun and Andrew Stone seem like pretty top tier devs to me.

>mfw people actually think they could 'flip' BCH with BTC and not have it cause such brand damage to the Bitcoin name that it kills both of them off at the same time
There's no winning for Cash ever

>>8673351
>Mfw people think 14nm intel processors can kill off 22nm intel processors and it wont damage the intel brand forever.
Its an upgrade you doofus.

>>8673363
>Comparing consumer goods with expected upgrades and improvements over time to what are now completely separate currency entities
Wew

>>8673408
>Doesn't expect upgrades to his cryptocurrency.

Why does anyone even buy BTC to begin with then?

>>8673521
Hard forks, while good in concept are fucking terrible in practical application for something you want taken seriously as a future currency. After a hard fork happens people need to decide between which coin they want to buy, and if they chose the wrong one they get fucked. Hence why people might lose faith in the Bitcoin name if a flippening does happen. If it happens once, it could happen again

Soft forks are the only way to assure stability to people who will be buying in later, and you need those people if you want mass adoption

>>8673351
They can flip without Bitcoin Core dying

>>8673363
>comparing two consumer products produced and continually supported by the same company to a complete fragmentation of open source communities where the communities are actively hostile to one another
Is this seriously the comparison cashies are making? Bitcoin cash has been enormously damaging to bitcoin brand. Not to mention all the other shitcoin forks.

>>8673585
By "bitcoin core" you mean "bitcoin" right?

jikes... if you guys see bitcoin cash as such a threat the smart thing to do is hold a bit of it as well as BTC. not to go around and saying bcash. that way you'll be winning regardless how things turn out.

in the future when bitcoin is dead it will simply be called cash no bitcoin needed