Is BTC under attack? Is this the end of all crypto?

[Anonymous No.4299524]

Look at blockchain, about 50% of the waiting transactions are for ~$0.20 worth of BTC with ~7$ of fees on top of it. WHAT THE FUCK.

It doesn't make sense, looks like someone found a new way of deliberately manipulating the price of the currency and is forcing it on all of us.

What the fuck is going on?

I'm all for making some gains on BCH right now, but there's definitely something nasty as fuck going on here which I feel might undermine the public trust in cryptocurrencies and kill them all in one swift move.

I'm scared bros.

[Anonymous No.4299546]

this is the true beginning of crypto and your last chance to get bitcoin under 1,5k

[Anonymous No.4299547]

>>4299524
(((they))) are spamming transactions to push hands into a more centralized bch

[Anonymous No.4299550]

btc is not under attack
it just happens that people decided to call the real bitcoin "bitcoin cash", and now they realize it

[Anonymous No.4299564]

BTC has been under attack since its inception and the attacks will only grow in size and volume as time goes by.

[Anonymous No.4299572]

>>4299524
>might undermine the public trust in cryptocurrencies
the eh, -trust-, you say?
no fucker in their right mind would or could trust anything with this volatility, never mind 'the public'

[Anonymous No.4299575]

>>4299550
They knew before but segshit2x was still looming. Now that that shit is in the ground.

[Anonymous No.4299577]

>>4299547

[Anonymous No.4299593]

>>4299547
corecucks love centralization, their roadmap promotes off-chain transactions

[Anonymous No.4299594]

>>4299546
What do you mean? Even if BTC falls to 1.5k it won't change the fact that it's still going to be prone to these kinds of new coordinated attacks (which I believe we're witnessing right now).

From my knowledge only ETH will come out of it unscathed.

>>4299550
How is buying tons of BTC with a 100x loss a rational way of expressing your trust in BCH?

This is some deliberate exploit which will have significant consequences on all cryptocurrencies.

[Anonymous No.4299668]

>>4299593
I don't get how anyone could construe off-chain transactions as "centralized". If anything this is a decentralized concept, since not everything has to happen within the main chain which there can only be one of.

[Anonymous No.4299679]

>>4299668
You're missing the point of bitcoin entirely

[Anonymous No.4299732]

>>4299679
Not talking about that shit mate.

[Anonymous No.4299752]

It's most definitely a spam attack and if the Segcoin chain can't survive it then it doesn't deserve to exist.

Segcore and their cum guzzlers are more than welcome to return the favor, but good luck trying to overload the 8mb blocks.

[Anonymous No.4299759]

>>4299732
You said
>the main chain which there can only be one of.
Irrelevant. All that matters is that it is distributed among many nodes

[Anonymous No.4299762]

On top of that, there's literally nothing going on in the BCH blockchain. People are buying the currency but not using it at all. BCH will get destroyed in 24h. How is this not a scam?

[Anonymous No.4299801]

>>4299594

The real bitcoin is still under $1500.
It isn't too late.

[Anonymous No.4299812]

>>4299668
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

https://cointelegraph.com/news/lightning-network-will-be-highly-centralized-gavin-andresen

[Anonymous No.4299835]

>>4299759
A single chain is still centralized to whatever group has the most hashpower to generate it - indeed, we already had cases where large mining groups were exploiting this. Having everything on many nodes only improves redundancy.

Never even mentioned bitcoin m8 ;)

[Anonymous No.4299837]

>>4299801
"Real Bitcoin" which nobody was using in the last few months and is dead as a currency even now. It's a coin which is used against it basic purpose, does this make any sense to any of you? It's nice to ride the wave, but as soon as it ends, it ends.

I think I'll just move to ETH until this all calms down. This is all too fishy.

[Anonymous No.4299843]

>>4299812
Link me to a peer-reviewed paper and we'll start talking.

[Anonymous No.4299850]

>>4299837
they can't keep this attack up forever anon
it will go back up in time

[smoke No.4299855]

>>4299801
Stupid retard

[Anonymous No.4299856]

>>4299843
lol go back to /sci/ you fucking retarded cuckold

you literally have the bitcoin developer admitting that it will be centralized, and that he's ok with it

fucking faggot

[Anonymous No.4299861]

>>4299524
BTC is having a much needed correction and BCH is pumping. Chill the fuck out and enjoy the profits

[Anonymous No.4299878]

>>4299837
Youre a dumbass nigger

This is happening because segwit2x was called off so they said fuck it we will march on without the Core Cucks of Bitcoin1.0.

Welcome to Bitcoin Cash (2.0)

[Anonymous No.4299881]

>>4299861
>BTC is having a much needed correction
It can't be called a correction if it's forced.

[Anonymous No.4299892]

>>4299856
The offer still stands ;)

[Anonymous No.4299940]

>>4299881
It's not forced. BTC only pumped hard for that shitty hard fork which never occurred. Now Jihan is pumping Bcash while BTC is correcting.

[Anonymous No.4300031]

>>4299881
>pumps over fomo, rumours and an upcoming fork
>all that shit dies
>forced
>m8

[Anonymous No.4300086]

>>4299940
I want to kill that kike chink. Down 2.500 euro now.
Wtf is he trying to accomplish but only giving him a scam fucking name

[Anonymous No.4300109]

>>4299762
Bitpay is gonna accept bch soon.

[Anonymous No.4300128]

Hashrate is swinging towards BCH right now.

[Anonymous No.4300142]

when youre all in on some promising alts
:)
fuck you bitcoin

[Anonymous No.4300161]

guys, no need to be emotional over a coin. is the bch sudden rise fishy? yes. is segwitcoin core corrupt? yes.

we are all in this for the money, currently btc is worth more. if bch overtakes it, you can jump ship because it will be more profitable and you don't want to own a losing coin.

at this point, it is just gambling, wether you will earn extra profits on bch rise, or lose if it turns out to be a p'n'd. be smart and minimize your loss, not chase profits. there will be plentiful times to do that, cheers

[Anonymous No.4300167]

>>4299856

Kill yourself vermin

BCH is a shitcoin with no future

[Anonymous No.4300207]

>>4300167
u mad the real bitcoin is taking over?

[Anonymous No.4300264]

>>4300207
I made this meme and I am so proud to see my baby being memed into the world

[Anonymous No.4300268]

>>4300264
thank you for your great contribution, please make more

[Anonymous No.4300314]

>>4300207
I made that meme
stop using my meme

[Anonymous No.4300431]

>>4300161
>currently btc is worth more. if bch overtakes it, you can jump ship
Buy high sell low, NEVER change /biz/

[Anonymous No.4300491]

>>4300207
Glad my meme is making it through the world, my little baby grew so fast

[Anonymous No.4300542]

>>4300207
This is my meme
You are required to tip me BCH on reddit to use this meme
I am /u/luke-jr

[Anonymous No.4300546]

>>4300207
I made this meme, stop violating my copyright

[Anonymous No.4300597]

>>4300207
Thanks for using my meme, handsome

[Anonymous No.4300645]

>>4300431
Hey thats me. I used to laugh about the BHSL meme but its too true. At first the fomo kicks in and than you want to minimize your losses.

Guess i had to pay for this lesson.

[Anonymous No.4300698]

>>4300207
I made this meme 2 days ago, glad someone saved it!

[Anonymous No.4300856]

>>4299524
>50+% network hashpower physicly located in china
>giant amount of stakeholders of BCH in china
its a ddos
that isnt suprising or unexpected
a lot of people have seen this comming for a while
but the btc dev team has been asleep at the wheel
havent dont a lot of changes that could mitigate some of the damage that is now done financialy
>hur dur no blocksize cause miners revolt
>hur dur no ddos mechanism because plebian miners will be meatshields that prefit fromt hat and btc will recover in time
that whole shitshow of kids with needs gets old

[Anonymous No.4300907]

How much bitcoin cash did Jihan "fuck your mother if you want fuck" Wu premine again?

[Anonymous No.4300930]

>>4300856
>but the btc dev team has been asleep at the wheel
Yeah, I think if they can't handle it they deserve it.

But the long term consequences will be dire, if crypto can be manipulated this easy we'll never be safe.

[Anonymous No.4300944]

It just so seems that my cock that I use for jerking off is pulsating at this very moment

[Anonymous No.4300954]

>>4300207
I MADE THE FUCKING MEME

[Anonymous No.4300957]

>UNBREAKABLE TRUSTLESS TECH UNHACKABLE

[Anonymous No.4300970]

>>4300930
the cost for this whole thing are very high
lots of hardware
lots of transactions you will lose

its definitly quite difficult
i work at IT security and normaly this would be prohibitiv to execution of normal cabals and imply state operations but this is biz so idk if they just do such stuff cause the gains would be legit but unethical

[Anonymous No.4300985]

>>4300930
none

[Anonymous No.4301011]

>>4299547
《《《They》》》

[Anonymous No.4301024]

>>4300985
This event pretty much has proven a new recipe for instant gains - instead of putting sell walls whales will just buy/sell in thousands of tiny little chunks which will clog the blockchain and cause a huge wave of panic selling.

Nothing will be safe except for next generation coins such as ETH, Ripple, Dash etc.

[Anonymous No.4301069]

>>4300954
lol sure cunt

[Anonymous No.4301645]

>>4300264
>>4300314
>>4300491
>>4300542
>>4300546
>>4300597
>>4300698
>>4300954
I made the "I made this meme" you pack of thieving cunts

[Anonymous No.4302716]

>>4299524
lol use your fucking brain. DYOR

bitcoin cash is a fraudulent centeralized inflationary currency

[Anonymous No.4302737]

>>4300907
The people buying into this are going to get burned hard. Its gonna be great

[Anonymous No.4303589]

Roger Verconomics at work. Just be happy that everytime big blocks tards pretend to fake mempool usage with spam they are wasting money.