Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15138. (Read 26712353 times)

Thanks for the honest answer. Respect.

That is the least surprising thing I've read this year.

It doesn't bother you then that as the face of Bcash you have aligned yourself with a man who you know knowingly lied to the world on mulitple occasions for his own personal fame or delusion?

And does it not bother you that other faces of Bcash have publicly stated that they believe CSW is Satoshi?

I mean, can you not see how to many of us, Bcash might seem like a complete centralized shitshow?

Oh and of course Coinbase and Bitpay added BCH, they are both owned by self proclaimed big blockers, one of which has shilled ETH for years.

Sorry, I couldn't resist making the JJG theory.  


But seriously, if you've read any of the papers written by CSW it is very clear that he is not the same person who wrote the Bitcoin white paper or communicated here on the forum in the early days.  

Here's a critique I did on CSWs recent paper (that he later retracted) where he tried (and failed) to prove the Eyal and Sirer's selfish mining attack was a fallacy:

https://bitco.in/forum/threads/wright-or-wrong-lets-read-craig-wrights-selfish-miner-fallacy-paper-together-and-find-out.2426/

CSW later bet me 1 BTC on this question, and lost (and never paid up), which is not a question that Satoshi would get wrong:



That said, CSW does seem to have information about early bitcoin that makes me think that he might have somehow been involved. But, no, he is not Satoshi.

I have thought it a bit odd that the alts are still increasing substantially alongside Bitcoin's rise. We'll see if you are right this time, I hope you are.

It's been months and fees just keep going up. It should have been working from second one without any idiotic opt-in nonsense. We fucked up.

You still haven't given a serious answer if you think Craig is Satoshi. It was a serious question. No shame if you think he might be - at least it would explain your behavior.

 I doubt it very much. But good to know you own at least more than a couple thousand.

That would be a decent apology.

I think that is smart.  I don't understand why people sell their BCH.  It is a nice hedge and then you can cheer on BTC and BCH.

I own about 3 BCH per BTC at the moment, as I think BCH is the better investment.  But I recognize that BTC could kill BCH if it can get its act together and solve the fee problem (I just think that BTC solving that problem is unlikely).


Really?  The speed of adoption has blown me away.  I didn't think Coinbase would sell BCH so soon and Bitpay will shortly allow BCH to used for all Bitpay invoices.  This is very exciting for me.  


I have been wrong many times in my life, and maybe this will be one of them too.  I don't think that being wrong is bad or evil though, so I don't know why I'd publicly apologize.  What would I say?  "Guys, I was wrong about high fees and I should have blindly trusted BS/Core that LN would solve all the problems, rather than thinking for myself and doing research to make bitcoin scale in the way I thought was best.  I am sorry that I worked hard on something I loved and believed in."  

So you're saying that people like yourself want to now SUBVERT the original bitcoin chain against becoming a transactional currency? WOW.

Do you own any substantial portion of BTC?

Of course accepting BCH is trivial for those who already accept bitcoin.
All BCH did is increase the block size while keeping all witness data in mined blocks.
It could be seen as sweeping a problem under the rug, or as kicking the can a few feet further down the road.

BTC is more complex due to segwit - and hopefully soon LN too - because it's evolving in order to survive the technological challenges. It's not sweat-free. No free lunch and stuff. The benefits of upgrading will be more than worth the sweat for merchants (little sweat) and users (no sweat as soon as the first user-grade wallets become available).

But why am I explaining this to you? You are a technical person, aren't you?

I think there are many more examples of use cases, not only possible and desirable, but COMING to the BTC blockchain, or it's layers, or sidechains.  Identity verification.  Fast cheap (free) payments.  Historical records.  Wealth storage.  Legal record storage. Atomic swaps.  Exchange.  And so on...

We are not taking about taking the max throughput of the blockchain from 7tps to 56tps.  We are talking about taking it to MILLIONS of transactions per second.  And we are talking about this happening soon^tm.

Digital gold?  Digital cash?  Be all things to all people?  Our very conversation is proving the latter to be likely impossible.  At least on a single settlement layer.

Today's fee market is showing us a serious problem with the BTC network.  The solution is not bigger blocks.  It is found in a bigger vision.

Nothing is more decentralized than all the possible technologies coming to a blockchain near you.  You can use all of them, some of them, or none but the big daddy BTC. You can rest assured that the base layer is only as complex as it needs to be.  Not some ever expanding Rube Goldberg machine with all the attack surfaces that come with it. (No offense Vitalik) Even though its children, most likely in the form of sidechains will do ALL that whizbang stuff and more.  But not at the base layer...  down there we are safe, and pure.

Just Bitcoin.  THE Bitcoin.

Ok, well I own exactly has many BCash and Bitcoin, so good luck with taking over the crypto universe. Its certainly a slow start for you guys. I do hope in a couple years if Bitcoin has completely overwhelmed Bcash as a transactional currency, that you'll at least have the balls to publicly apologize for being wrong.

That is the reason why preserving the ledger is important -- because money is a ledger.  Money is memory.

There are practical reasons that BCH is superior to DOGE or other coins as well.  The two big ones being:

(1) There is tens of billions of dollars of installed SHA256 mining infrastructure that mines or is able to mine BCH.

(2) Accepting BCH for payments is trivial for all the companies and payment processors that previously accepted Bitcoin but stopped due to high fees and unreliable confirmations.  BCH is a drop-in replacement where as supporting BTC is more complex due to segwit (+ further complexity should LN be viable).  

I know right?! ... this is some fecked up shit. We got 30% gains in 7 days for the best money on the planet, I was expecting, trains, rockets and banjos, dancing girls ... no, what do we get?

rizun, roger and roAch trolling ignoramus, bear-tard, sold-out bulls and malcontents shitfest show ... guess we got lots of legs left on this rally until these fucktards finally fuck-off.

So your answer is not a practical one or utilitarian one, it is simply that bitcoin has had more transactional history and BCash stole that history and so that makes Bcash better than other altcoins? Seriously?

FFS the block size again? Has anyone noticed what's happening with the price and alts and stuff?

I posted recently we has some dojis and would have an interesting day - and indeed we did - a predictable breakout. Now have a look - we have a situation that could be misinterpreted as a BTC bull trap by the shitcoin-tards and that is exactly what has happened - alts recovering a bit after their recent falls.

In other words, BTC has already passed the capitulation phase and it ready to boom again, but the alts are still in denial that this run is over for them. /r/ripple etc are still bullish - they are ones who will end up selling ripple at the bottom and FOMOing into BTC when the price explodes.

Still bullish AF


https://youtu.be/ve5Z8GXzdpQ