Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16796. (Read 26711749 times)

Of course BCH is going higher. It's near impossible to get BCH to an exchange to dump it. The pumpers are not having to work very hard at the moment.

In the meantime BCH is failing to mine blocks. So much for being the 'faster' bitcoin. They are finding out that it's not so simple to build something that actually works.

If you liquidated all your btc for bch wtf are you doing in a bitcoin forum?  You have no position or faith or care for the project. Trolling I guess huh?

0.278 on bittrex, wow. When we can deposit there?

This is the dumbest sentence I've ever seen on this forum.  The burden of proof isn't even on others to prove increasing throughput increases value, the burden of proof is actually on you to prove that bitcoin has any value whatsoever as a settlement network and that 4 TPS would somehow allow it to fill this role.  

I've already explained numerous times why bitcoin has zero value as a settlement layer:

1)  It has built-in rent seeking middlemen (transaction validators) and doesn't remove counter party risk since you're always relying on all kinds of external parties to facilitate transactions

2)  Alternatives already exist before the creation of bitcoin that are far superior for settlement such as gold and silver that actually do remove counter party risk and don't have built-in rent seeking middlemen

3)  Network effect assumes infinite scalability, which bitcoin doesn't have.  Trying to force everyone onto a highly scaling constrained system with giant fees is a pro-usury stance

4)  Due to the above , bitcoin has a reverse Schelling point where there's huge incentive to fork or use a different system rather than pay extortion usury fees.  Low scaling = inveitable rough consensus attack/split.

5)  Bitcoin is a currency and not money.  The value of a currency is entirely based on transaction flow, not stock (how much commerce it can facilitate by scaling)

6)  The greater fool theory only works if other people actually need what you have and nobody needs an imaginary "virtual commodity" when they can just create their own.  They do however need things like silver.  Cornering the market on bitcoin doesn't actually give you any type of power over others, while cornering real commodities like oil or silver does.

When the hashpower begins swinging from one chain to another it's going to get very messy and both coins will become unpredictable, unstable and at times very difficult to use.

Hmm very twisted logic. If BCH confirmations are the problem then BCH deposits should be limited not bitcoin withdraws. Limiting bitcoin withdrawals means this exchange is running fractional reserve on bitcoin! It is very dangerous to keep your bitcoins there!

When the hashpower begins swinging from one chain to another it's going to get very messy and both coins will become unpredictable, unstable and at times very difficult to use. One logical conclusion out of this is when Bcash adopts merged-mining ... or the hashpower wars will drag on until the bitcoin landscape becomes derelict and eventually a failed experiment.

Hmm very twisted logic. If BCH confirmations are the problem then BCH deposits should be limited not bitcoin withdraws. Limiting bitcoin withdrawals means this exchange is running fractional reserve on bitcoin! It is very dangerous to keep your bitcoins there!

they want 6 or 20 bch confirmations before you can pull anything you've traded it for off. i'm not sure which figure. seems fair enough to me.

Thanks for sharing that. Very useful.

So, in a line... You can sell BCC at ViaBTC but you can't withdraw your bitcoins!

ViaBTC accepts deposits.

I registered at ViaBTC yesterday to dump all my BCH @ 0.15. I used Coinomi on my Android to swipe the private key of my now empty BTC wallet (transferred all my funds before exposing my private key) and to send the Bitcoin Crash to ViaBTC.

It took all night to get enough confirmations to be able to trade the BCC. They are having a hard time mining blocks. Set my alarm for every couple of hours to check. My transaction of yesterday evening now still only has 4 confirmations.

Can't get out my BTC just yet. ViaBTC wants more confirmations on the BCC transaction before I can. Many people are having the same issue, but I read of one person on Reddit who was able to withdraw after getting enough confirmations, so I'll sit and wait a bit more before I go the long route, by exchanging BTC -> CNY -> LTC and try and withdraw the LTC to Kraken.

I want to sincerely thank the European Central Bank for it's invaluable help yesterday evening, I was really stuck and the tip on Coinomi (and ViaBTC) made this one of the most profitable nights I have had in crypto.

BCH is not available for deposits on any exchange that I'm aware of.

Kraken and Bittrex both gave BCH for BTC holders at the moment of the fork, but it's been impossible to deposit BCH from wallets yet.

BCH is not available for deposits on any exchange that I'm aware of.

Kraken and Bittrex both gave BCH for BTC holders at the moment of the fork, but it's been impossible to deposit BCH from wallets yet.