Topic: Nights Watch by Afrikoin - page 14. (Read 303280 times)

i feel sorry for all the new buyers coming in to buy "Bitcoin"

They've been deceived.

They are not buying anything close to what bitcoin was in 2013/2014

pity

it has been adulterated and taken over.

Keep the name


Better potential returns with BCH in a couple of years than BTC. Like hyena often says

Better potential returns with EOS at this point.

I have been fortunate enough to step back from the "Bitcoin" space. Admittedly, it can be an echo chamber

There is a lot more going out there.

Lets look back in 2 years.

You expect us to believe that? Have you actually convinced yourself of that?

Btw, read the rest of my post.

C'mon

this has nothing to do with my trading position lol!

Bruh...stop it with this tinfoil hat nonsense

You have your facts wrong. Core was never involved in SW2x.

You sold BITCOIN over a year ago, because you thought it was going down. And it has done nothing but go up.  There is a part of you emotionally invested in being "right" instead of getting rich. Yes, we know you "decided" there was a better opportunity to make money with alts, EXCEPT now alts are in what will probably turn out to be a looooong bear market. And BTC continues to go up.

Meanwhile the next 6 weeks before the fork will probably be bullish as people dont believe the FUD anymore about price crashes due to the main chains resilence in the face of the last fork. Therefore, people are buying to get 2 coins for the price of 1.

And before you say that the legacy chain will die in this next fork or will need to be saved with a POW change, let me break it down for you EXACTLY how it is going to go down. And please feel free to bookmark this post.

One of two things will happen.

A. (least likely) Segwit2x will fall part before it begins and never happen.

B. (more likely) Segwit2x will fork with 70-90% of the hash power. The legacy chain will have very slow blocks before the difficulty readjusts. So people will not be able to send BTC to exchanges to sell. Meanwhile B2x will have much faster blocks and so people will be able to send coins to the exchanges to sell. What doest this matter? Well it matters a lot, because all the major exchanges will have the legacy chain remain BTC and the new coin be B2x. B2x will have a price much lower than BTC and as people start selling, the price will go even lower. This will create a situation where miners have a choice to lose millions of dollars a day OR switch back to the legacy chain. Of course, they will switch back because B2X will not be profitable.

And thus, in what might be one of the biggest ironies of bitcoin history, this fork will show the world that miners don't have any control. They are in a business of expense and reward, but one of no power.

will be interesting to see Bitcoin eventually change current POW algo

i am especially interesting in hearing arguments supporting this *new* move and actually follow through with arguments.

Bitcoin doesn't excite me anymore like it used to. TBH

A large part of that is the decline in community quality, Bitcoin core spiraling into egos and broken promises. i Have trust as top of my list as preferred qualities.

I cant believe Core actually back pedaled on SegWit2X?! Doesn't matter what arguments you make. They intentionally misled a whole consensus process to get what they wanted.

I am laughing because i dont see how they can be trusted anymore.

Bitcoin Cash proponents always said Core would not keep their end of the deal regarding 2X. Surreal watching it play out now.

Looks like your fud against BTC does not work anymore.

Bitcoin Cash Developer is Launching LocalBitcoinCash, a p2p Marketplace for BCH

https://cryptovest.com/news/breaking-bitcoin-cash-developer-is-launching-localbitcoincash-a-p2p-marketplace-for-bch/

there is a rising wedge that could break down in the short term.

So, up, straight on or down....that just about covers it.

Love your work Afrikoin
Have a great week.

Wave 5 coming up

or a failed wave 5

or some form of complex corrective wave 4 structure

Y'all still alive here? Thats awesome

Thanks for this clarification, sickpig, I was quite surprised to see a claim that BCH was integrating segwit, even from an AXA employee, oh, I mean "core dev".

It is a fantastic idea, but a terrible headline.  What was announced was a test network that will slowly grow blocksize up to 1GB to help identify scaling bottlenecks.  The BCH blockchain will be unaffected.

you should also ask to bitcoin cash devs rather than forming an opinion based only on gregory maxwell's opinion.

the main thing of segwit is that witness data is stored on a separate data structure from the one used to store base data (see https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki for more datails). Just for the sake of clarity this is the relevant part taken from of BIP 141:


The above is the essential part of SegWit and this is the reason why is called segregated (separate) witness.

Cash implementations will not adopt this hack to increase the block size simply because they don't need it, the block size limit has been removed already on August 1st.

BIP 143 is just an new digest algorithm for signature verification and it could be applied to any kind of transactions be them witness or regular.

WRT of maxwell's allusion to mis-attribution/appropriation of Core code in the case of BIP 143, it is pure fantasy. These are the two commits that implements the new signature scheme described in BIP 143:
 
db236b5a6e2f6cf67d194f86f178584fa99b3ca7
1f50d97ef1885bdb09ea5ae403385fac23bf7276

as you can see both mention BIP 143 as the original specification. BIP 143 is even specified in the original bitcoin cash specification.

as for the 'sigsafe' maxwell mentioned in the post you mentioned I really don't know where he finds it cause it never existed in the first place.

one last thing related to BIP 173. this is just a new way to encode a bitcoin pub key that use a base32 encoding rather than a base58, also known as "Bench32". This scheme has been already used to produce the id of tor and i2p hidden services. wuille and maxwell along with other core devs add nice features on top of it, but again this has nothing to do with SegWit, and of course the code that is going to implement BIP 173 for cash clients will attribute the paternity of the idea to BIP 173 authors.

WRT the fact the bitcoin cash client are going to call it "cashaddress" this is just plain false, such string will be probably use as a prefix for the address format and won't be a way to "rename" the idea. Bitcoin core will use 'bc' instead as prefix but is not they are going to change the name of the "Bench32" into "bc".

Does anyone think this is a good idea? I guess now that Bitcoin Cash is integrating Segwit (native Segwit address and signature scheme, with plans to implement a near-identical malleability fix), and Segwit2x is providing 8MB blocks, they need something to differentiate their network from the other 2 Bitcoin forks. Is that what this is about?

I sort of wish the Segwit2x fork would be called off, so that the market could decide between BTC and BCH.

Glad to see Alste is back..... I guess that means this rally still has some steam left.

Bitcoin Unlimited and nChain Unveil Joint Plans for 1 Gigabyte Blocks on Bitcoin Cash

https://cryptovest.com/news/bitcoin-unlimited-and-nchain-unveil-joint-plans-for-1-gigabyte-blocks-on-bitcoin-cash/

Drugs, Code and ICOs: Monero’s Long Road to Blockchain Respect

http://www.ethereumpool.us/blog/2017/09/26/drugs-code-and-icos-moneros-long-road-to-blockchain-respect/

https://www.tradingview.com/chart/BTCUSD/vQ3w2kxu-This-Is-The-End/