Topic: BitPico throwing down against Roger Ver - page 7. (Read 1175 times)

They will still conduct an attack and draw the appropriate conclusions.  Or maybe they want to launch something new, so they want to taint bitcoin.

I think you need to learn the definitions of 'open source' and 'permissionless'.

Maybe this was had to happen one day. Bitcoin cash is fraudulently forked from Bitcoin . Though Roger very always denied this fact.

This can go two ways:

The Bitcoin Cash network can survive the attack and the Roger Ver minions will argue that it is their proof that it is a robust network. < In my opinion this attack will just prove that it is very expensive to attack networks with big block sizes >

On the other hand, if it is successful, then Core supporters will have more ammunition that BCrash is trash. was attacked.

So attacks like this will not prove anything, it will just give everyone a opportunity to complain about the other side, using dirty tactics. 

Exactly what i was thinking as well. By attacking them they are labeling it as a competitor and they have even given it a lot of attention as well. This is indeed not necessary at all.

Why not complete the periodic table of the elements so we wont wait for another in future,its tiring about reading all this damn forks and if does i guess this is the end of cryptocurrency lol

But i love the concept of the OPs post regarding the tears of roger ver,i wanna see more like this in the future

In crypto market most of the coins are come after the invention of btc based on this btc make innovation in internet so people can buy many things with this coins also in market there are many coins like btc are available but they are not good enough like btc.

i don't think anybody has a problem with what you "think". you are entitled to your opinion but the problems start when try to force it on others specially newcomers.
like when newbies come to your website (bitcoin.com) and you sell them BCH when they thought they were buying bitcoin!

Not really sure if anyone attacking Bcash really can be called Bitcoin purists. Merely acknowledging Ver's baby might almost be called recognition of it as a "competitor". Methinks the purists aren't at all bothered by what's going on with alternative chains and only focusing on Bitcoin.

I mean, I can understand having a point to prove, but should we prove it with the 30 or so forks (more?!) of Bitcoin? They're the ones with points to prove, after all. Not Bitcoin.

Here is why I think BCH is Bitcoin: https://www.youtube.com/watch?v=vufeM92bfJw

I gave clear and consise reasons why I think that is the case.  Feel free to refute them with logic and evidence.

Definitely worth posting.

As far as the attack; their obviously not trying to hide it. It's as transparent a test as I can think of. It's no different than equipment before being installed you test with the anticipated result of finding the limits.



Yeah the first reading left me a little confused. Franky helped clear most of that up for me.

I wholly expect Bitmain will have its issues with those, but like I said I firmly believe this to be a schoolyard callout, as in prepare yourself as best you can I'm coming.

Looking up BitPico they talk about Whales. Know I don't follow wallets, but if any large holders cashed out and bought back in over the last 8 months they have funds to spare.


Thanks. I'm not as active away from work.


I only like the social media aspect because it creates some transparency. It says watch us and then you can judge us and the coin.

I honestly don't know enough to guess if they are overstating


No, I guess take my word for it.  

Although I do realize I have started at a negative level of credibility with you. Consider it my way of making up for lost time in adoption.

To add to the "backers" I would put bitmain in there. Definitely created a market almost instantly by accepting BCH as a form of payment for gear.

Here's the thing regardless I'm torn on this coin, for entirely selfish reasons. I don't think it affects overall crypto adoption when you consider the thousands of other coins and forks. I just think if your coin is as great as advertised, run it on it's own merits; which I guess this testing may quantify. I mine BTC, this coin at the moment does pull a massive amount of hashrate away from BTC,an amount it helped create, helping keep mining an option.

I wasn't unhappy before.

So let me see if I understand you. One single person is passing BCH off as BTC*, so you believe that then entire chain should be attacked.

Is that correct?

* (an assertion, BTW, with which I do not see any evidence of)

(Incidentally, are you nutildah also steamtyme?)

Interesting enough , if people are confused about which coin is which, and the guy actually succeeds in bringing Bitcoin Cash's network down,
odds are those confused people Sell everything with the name Bitcoin in it including Bitcoin-segwit , not just cash.
He might cause a super crash in all bitcoin named coins, just because people don't bother to learn the difference.  

All it will take is 1 media outlet forgetting to add Cash on the end and say Hacker Crashes Bitcoin, and we might see a super sell off.

Still want to see if he can pull off crashing the network or if it is just smoke and mirrors.

some things aren't fixable!
for example when you have 32 MB blocks and the whole reason why your altcoin exists is to have a bigger block, you can't just fork back and turn it to a smaller size block again.
or when your coin (BTG) is successfully attacked and is easy to wipe its blockchain with a 51% attack you can't do much about it. and it has lost value. it was 0.3BTC at some point and now it is 0.003BTC.
or when your blockchain is more than 1 TB (ETH) you can't do anything about it. it is your blockchain and you can't discard it, you are already centralized.

Even if this attack is a success, I don't think BCH value will be down to the worrying level. They will simply fix it and everything will be same as before. People are not rational nowadays, altcoin like XVG, BTG, EOS, etc. still hold high value despite multiple attacks and/or bugs in their network.

it is a weird way of 51% attacking the network. maybe i understood it wrong but they are saying they will sybil attack the nodes (which they claim are centralized) and will only give them their own blocks which is where the 5000 nodes they claim they have come in.
the fork to create new coins from it like BitpicoCash is a completely different thing too.

in any case i hope they stop the social media bullshit and stick to the attack and then release more clarifying information about it. i believe they are exaggerating a lot of things.

I'll help. Roger Ver. Roger Ver is using his influence to trick people into thinking BCH is "the real bitcoin." He's stated this numerous times. He goes out of his way to add confusion about bitcoin for the sake of his own profit. One needn't look further than bitcoin.com for confirmation of this, where he uses his ownership of the domain to muddy the distinctions between the two, frequently creating links that go to BCH-related content when they should be going to BTC-related content.

There, happy now?

That's cute, but it's probably not going to work. The article's author is confused about how a 51% attack works. What BitPico seems to be planning is a "stress test" of extremely large transactions. They believe the following will result:


They plan to release a hard fork and they believe this will cause a multi-chain fork. In reality, the 5000 "attack nodes" are irrelevant in a hard fork because legacy nodes won't communicate with them.

And something tells me Bitmain won't let their baby be attacked so easily. If the majority of Bcash's hash rate is controlled by Bitmain or its proxies (and I believe that's true), they may be able to sidestep the attack very easily by censoring the attack transactions. The attack transactions will apparently be extremely large (their example is an average transaction size of 0.6 MB). BitPico assumes that only rational mining incentive dictates which transactions are mined:


That's pretty absurd when a well-capitalized company like Bitmain is extremely invested in Bcash's success. I would also be very curious to see what funds BitPico has set aside to pay transaction fees. Attacks like this are not free, and their model depends on driving transaction fees up.

   As far as i know this project is not doing well. That’s why i always neglect these. Only bitcoin suitable for me. That’s why i love to invest on bitcoin. Because it is safer than other coins.

Nope. Still not clear.

So who are 'the backers'? The uncountable masses who hold and use BCH, or do you have a more specific set of people in mind?