Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 666. (Read 704406 times)

Okay.. I will summarize:

The only system of economics that has proven to sustain itself without a central authority is the free market. But the free market is messy; while the world as a whole wins overall with increased wealth, new technologies, and greater standards of living, some participants in the system do far better than others.
The ideology of Core is the same tired argument that has called for intervention in this "messy" system to make it better and more fair. Invariably those trying to control the system end up making it worse, and everyone using it poorer.
Those who advocate for a central authority to manage economies (or Bitcoin) are under the mistaken impression that those who support the system by profiting from it (mining coins) are doing so out of pure greed. "Greedy capitalists" is a common refrain among those who fail to understand free markets, why people actually participate in them, and how we all benefit from them.
People who understand the libertarian ideals of Satoshi's original vision know that miners are providing a service to the network in exchange for payment. The miners are trading their precious electricity and depreciation on the mining tools they've invested in, for something they want more: coins. Meanwhile the network is trading their precious coins for something they want more: network stability. There is nothing greedy about this exchange! Both parties want what the other has more than what they themselves have and both parties end up marginally RICHER afterwards: The network profits from increased usability, while the miners profit directly in coins.
However, if you believe miners are in this only because you believe they're "greedy" then the reasoning behind Core's behaviour becomes obvious. Their vision of Bitcoin is the new socialist utopia, where miners use their infrastructure to support the network out of a sense of duty to the network rather than profiting monetarily. They cannot comprehend that mutual benefit is required for all parties to continue participating in the network, and the foundation of mutual benefit is self-interest. Contributing to the network out of sense of duty is in fact a form of slavery.

"That mining has profits at all is a bug." - Luke-jr 

Hell, I hope it's $400 tomorrow, fuck $300, man if that $50 price tag comes I'll be ecstatic because I know how this will end up playing out.

https://siliconangle.com/blog/2017/09/04/sequoia-idg-invest-50m-chinese-bitcoin-firm-bitmain/

Another very old trick folks

Technobabble

Look up its defination.

You think this guy put all this together in the last 5 min?

I understand it.

But most of you see it as:

Well put together
Looks very professional

And admit it, MOST not all, have no idea what it means

Im going to bed now, well continue tomm

The floor is yours WHALES

DONT BE SUPRISED IT THEY PUSH IT BACK UP TO 500 SOON, THEN IT WILL FALL AND FALL, AND YOU WILL HAVE HOPE IT WILL GO BACK UP AGAIN, AND YOU WILL BE LEFT HOLDING A WORTHLESS BAG

HISTORY REPEATS ITSELF

AND THIS IS TEXTBOOK, ONE FOR THE AGES

And then on the thread tomm, you will hear inexperienced Bitcoin Cash Coin bagholders repeating these talking points, having no idea what they really mean.

Just like the mass media fake news

Wake up people, but I feel bad, this one is so slick many of you will lose your shirt

Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

The Illusion of Scale in Segregated Witness
https://nchain.com/en/blog/illusion-scale-segregated-witness/

Risk of SegWit – Mining Cartels
https://nchain.com/en/blog/risks-of-segregated-witness-mining-cartels/

8 times Core told people Segwit is a Blocksize Increase
https://www.reddit.com/r/btc/comments/6wml7g/8_times_core_told_people_segwit_is_a_blocksize/

Continued Discussion on why Lightning Network Cannot Scale
https://medium.com/@jonaldfyookball/continued-discussion-on-why-lightning-network-cannot-scale-883c17b2ef5b

Dr. Peter Rizun - SegWit Coins are not Bitcoins - Arnhem 2017
https://www.youtube.com/watch?v=VoFb3mcxluY

Amaury Sechet - Back to the Basics - Arnhem 2017
https://www.youtube.com/watch?v=By0w43NQdiY&list=PLW5YLgBF2qh_1NKB3hW24cg26KSTCsTjY&index=16

Nikita Zhavoronkov - *Why* Bitcoin needs a Scaling Solution - Arnhem 2017
https://www.youtube.com/watch?v=EIM8mQfs1Xk&list=PLW5YLgBF2qh_1NKB3hW24cg26KSTCsTjY&index=3

Bitcoin is Being Hot-Wired for Settlement
https://medium.com/@jgarzik/bitcoin-is-being-hot-wired-for-settlement-a5beb1df223a

 

Bitcoin is about being hard money. If 100% of everything mines and controls Bitcoin, the security model is HARD — no government, no company, and no one can take it over. If/when we split onto sidechains, a piece of what secures the network is taken away. Scaling is meant to be done on-chain. Removal of the block limit is the proper scaling solution. AKA ... Bitcoin Cash

Lets not forget my first prediction, BItcoin Cash coin wont die, it will level out around $50 in a month or two.

Read both sides of arguement over the last 15-20 pages, and make your own informed decision as to who you think is right.

Do you think the powers that be are going to let almost 100 BILLION DOLLARS slip through their fingers?

This is just a parlor trick, slight of hand, and they will take your money and end up breaking 100 Billion with this brilliant checkmate, at those who are uninformed expense, just like the whales have always done.

Dont say I didnt warn you.

Its just so easy to see for me, but I dont blame you, these guys have this game down to a science.

They even have some of you thinking Bitcoin isnt Bitcoin, and you are playing right into their hand

Bitcoin is still above 4000, and its market dominance over ALL altcoins PUT TOGETHER is INCREASING

sorce: coinmarketcap.com

Now ask yourself everybody?

Who's advice do you think will make you more money?

That is why we are here right?

https://coinmarketcap.com/currencies/bitcoin-cash/


I said this yesterday, and said the day before it would be 400ish in 48 hours.

Its much easier to see market trends, twice in a row now, as I predicted the day it would go from 600ish to 500ish as well, when you actually KNOW THE NAMES OF THE COINS.

BEEN HERE SINCE 2013, AND THAT WAS THE FIRST RULE.

YOU BETTER LEARN THIS RULE FAST OR YOU ARE GOING TO LOSE A LOT OF MONEY!!

Thanks you for admiting that there is ONE BITCOIN

I respect that you have your opinon that Bitcoin Cash is better, and thats fine. I CAN accept that. But these people saying that some new coin is now Bitcoin is silly.

Maybe you are right (I dont think so, but we can disagree on that, and that is OK) and Bitcoin Cash coin will become the top coin and overtake Bitcoin. Im just not going to let people go around and say that some other coin is Bitcoin unchecked, thats all. That is dishonest and misleading.

Check the post above yours and you will see ONE of the reasons why I dont believe Bitcoin Cash coin will not be the coin that overtakes Bitcoin.

But we can discuss that. That is opinion, and speculation, and I am happy to have that discussion.

THANK YOU FOR HELPING ME TO CLEAR UP THE DIFFERENCE BETWEEN OPINION AND FACTS. WE AGREE ON THIS POINT, JUST NOT WHICH COIN WILL END UP ON TOP IN THE END.

AND THATS OK.

We disagree, but we know the difference between facts and opinion, and with that in place, we can have a rational discussion, which is what this forum is all about.

Don't think in terms of usd. BCH is holding steady at 0.12 while BTC on the other hand is taking a massive dump and fast.

Here's a fact:

Miners are invested in BTC, and likely have significant stocks of BTC in their wallets. Abandoning the BTC chain in one fell-swoop would render all those coins near worthless. Even if they wanted to do a 100% switch to BCC, they have incentive to keep the BTC network going until they can minimize their exposure to it in order to make the switch. 

When someone cant refute facts in a debate, and they resort to attack the person, instead of facts pertaining to the subject at hand, they have lost.

This is common knowledge.

Everyone else sees this, but you dont seem to be looking at facts.

You seem to have come to your conclusion, and there is nothing anyone can do to make you start weighing facts, and seeing reality.

Did you look coinmarketcap.com?

That shows that your comments are not based on the same data everyone else is looking at.

So put up a weird picture and call me names, but this doesnt change the fact that there is only 1 bitcoin, and since you refuse to check the longest trusted, most reliable, crypto info, and ranking site crypto has to offer...


...Ill relay what it says. There is only one Bitcoin, it is on top and it is called Bitcoin.

You are refering to an altcoin, which by definition, is any coin that is a crypto, and not Bitcoin.

This means that Bitcoin Cash coin is NOT any more the real Bitcoin than BitcoinDark coin is

This is just documented reality

Wow, just wow

Think about the investor with money to toss into the highly speculative ICO, now that option is gone (China) so she/he maybe turns to these "established" coins is what I'm saying.

By making the ICO in effect "illegal" China has diverted some otherwise ICO discretionary money towards the established market (though we did see some large billions swing in and out in the last few days/week)

I think the market as a whole will see a large influx relative to the $179B market cap we had seen momentarily.

It only affects new ICOs so any already established should continue to operate as normal the important thing though is if people trust them enough to keep pumping up the price since half if not most were mainly pump n dumps

Think of all that hot money that now has no ICO vehicle to play in, what else do they have to do than to jump into other coins on the market?

None really plus im not a US citizen either nor chinese and never tried to purchase any or have any interest in any

On the upside it starting to look like a small rebound is going off at the moment

Yea the ICO thing was getting out of hand and I agree is is a good thing and more places need to follow suit plus I have never bought or even considered buying any ICOs

And I wouldn't put anything past their government its not like they have never tried before I remember huge crashes around 2012/2013 for this very reason but having the ownership and development based in china would mean if it was tried again it could be affected in a huge way

no idea, i dont do ico...i learnt the hard way..."the dao" lols

Recent ICO thing in China vs how many US citizens have been able to participate at all?  I looked at a few attractive ICOs but everyone denied US citizens.