Topic: What is Bitcoin? (Read 210 times)

Bitcoin is an algorithm. Bitcoin is a video card. Bitcoin is the currency in the future that all countries of the world will want to use in their trade. Bitcoin is a virtual revolution. It is useless to be away from this technology.

I think now Bitcoin is one of the most stable cryptocurrency and there are not so many coins and projects we can trust as much as in Bitcoin

Friend, you must find your answer in this forum. Just use search function and find the definition of bitcoin.
IMO, bitcoin is the first cryptocurrency in the world. It has been almost 10 years created. Bitcoin is running on a blockchain and decentralized system.

There are actually many forms of Bitcoin... and actually both BTC and BCH are in fact bitcoin. When you hard fork, the code effectively splits from its code base into two separate code bases... the two being the same. From that point forward (from the hard fork), the code bases can be modified and developed on. So really they are (or were) both bitcoin.

Why do people have such a hard time understanding this? When you copy code, you end up with an exact copy of the same code.... it's called duplicating or copying. In the open source community it's actually a thing... to copy code and modify it.

So not that we understand what it means to copy code, how can we say BTC and/or BCH are not bitcoin? They both are and in fact if I wanted to, I can go to the BTC (or BCH) code base and copy it to create my own cryptocurrency. The code would be the same and I can say it is Bitcoin.... b/c in reality it is ALSO bitcoin like BTC.

The crazy thing about crypto and why this is just getting warmed up, is that anyone can copy or clone any Bitcoin code and develop on it. Miners may centralize to be most efficient at mining crypto, but the crypto with the most utility will win... hands down - for the pure, simple fact that the code can be easily copied and reused and updated.

It annoys the $hiz out of me that folks have such a hard time with people cloning the BTC code and updating it... that is the nature of open source code.

Doesn't seem that complicated that if you make something open and free... then others will take that offer and do what they will with it. Why again is this bad? Wasn't the original bitcoin system setup to enable this on purpose?

I did not say anything close to that. I said every newbie should be careful listening to people saying "Bitcoin Cash is Bitcoin" or "Bitcoin development is centralized". Both statements are wrong and a lie.

Plus why? You support Roger Ver. I have never heard any statement from you that detests his fraudulent tendencies.

The Bitcoin Cash community should give itself a favor and throw Roger Ver out.


That deserves its own topic. Make one, I will be there.

All I'm sayin is this:

Whenever you find yourself on the side of the majority, it is time to pause and reflect. - Mark Twain

WAAAAAAYYYY too many people are simply sitting idle on this topic and I guarantee that there is much more to the story than that Roger (already a multi multi millionaire mind you) is simply trying to pump a coin for profit. It simply does not make logical sense when you stop to think about it.

Put the pieces together folks... it's fairly clear what is going on if you just ditch the bitcoin religion.

Can we at least talk in facts and stop with the name calling and baseless comments?

I feel like I'm on a reality show watching sheep follow each other... 'roger baaaadddd, bitcoin core gooooood'. Maybe more like 'bcash is a shit coin, ooooohhh and Jihan is baaaaddd'.
So funny.

Perhaps it's just one big kardashian cluster F... which may be possible, but unlikely. There is WAY too much at stake.

you continue to think everyone that detests cores centralism must love ver...

core and ver are the same family!!!
stop playing into the kardashian drama that there should only exist kardashian fanclubs of only 2 teams all related to each other
you are too obsessed with a 2 member of the same family drama you dont notice or care about the billions of people that want nothing to do with any member of the family.
and yes kenye west(gavin) is also an oldie now but still part of the kardashian family

ok
final chance
imagine someone wipes snot onto a lump of cheese... then cuts the cheese in half... and sends his 2 kids out to hand them to you.. and says
slice A is healthy. it builds your immunity by a special system called herd immunity(you ingest the germs and become immune to it in the future)
slice B is nasty snot
only one can be branded as bitcheese, you choose

either way. your still eating snot and you have been fooled into eating it. and either way the person handing you both slices gets the brand name bitcheese
stop eating the snot handed to you by the same person. demand that there should be more on the menu from diffrnt people. stop settling for only snot cheese

anyway im still laughing that carlton banks had no clueso spewed out some bip buzzwords in the segwit compatibility topic about flip flopping from 91 to 141 but he aint sure if any used 91 (meaning he has no clue.. but as long as he mentions a few bip number it atleast sounds like he is technical)

then he and others mention if certain parties hated core why did they jump to mine cash then jump back to core... the reason being is that pools realised that it was all kardashian drama and not a real second option away from the family. thus they just gave up

again BCH and BTC are one big family. but neither deserve the name as they both diverted off track.
as for carlton pulling out a statement about addresses beginning 1 cannot be used. no he is just making up stories that people say things they didnt even say.

anyway. segwit tx's are not validatable to legacy nodes.
and a legacy node would not be accepted to broadcast a segwit tx thus segwit is not interoperable with legacy.
thats why legacy nodes are deemed as downstream nodes (separate from the peer to peer network) and segwit blocks need to be filtered.

gmaxwell, lukejr and even p.wuille talk about and admit to it (actual devs)... not the achowe carlton fanboys that just kiss ass
achowe, carlton banks and othrs like lauda. are not real devs. they are just fanclub crowd control handing out glossy leaflets

as for carlton denying there is any proof of an agenda to cause a bilateral split.. gmax literally pleaded for one.

but as always.. all i can see that you will reply with
"wrong bercause you love ver"
which in itself is wrong and has not content to counter the actual details.
you are turning into carlton because its the game he played in 2017
and the game achowe played in 2016

so maybe if you are unsure about the details. its maybe worth not stating things you dont know. and find a topic you do know about and have researched. (proper research, EG reading code. speaking to the actual devs. reading things from the actual devs.. not their crowd control)

Who told that bitcoin is for banking interests and for corporate centralization?

Bitcoin cash has no central authority?That's really a good joke as every one knows very well that BCH has been created by the bitcoin antichrist Roger ver only for his benefits.

Agree with you. The way they are trying to lead the BCH campaign didn't give desired results. All in all, for the most of people there is only one Bitcoin, as you said and I don't see any reasons to change this opinion.

OP, the followers of Bitcoin Cash can say anything they want, but be careful with their subjective opinions. Some of them are designed to confuse, manipulate and to take you away from the facts.

At any rate, all I know is the word "Bitcoin" refers to what "they" call "Bitcoin Core" for most people except for Roger Ver and his followers.

If Roger Ver started a Bitcoin giveaway, be careful. It might not be really Bitcoin. Hahaha.

I think the difference is much simpler. It is all about priorities:

• Bitcoin Core: security
• Bitcoin Cash: useability

The rest is all just petty drama -- Housewives of Cryptoland

Well seriously I was an Archenemy of BCH because I used to be a solid bitcoin enthusiast; however, after the ATH in the latter of 2017, I sold my bitcoins and kept the fiat. In the recent months, there was a dip - and then I had decided to buy few bitcoins and more bitcoincash. I'm not sure about my instinct whether if it is reliable or just a noob-science, but sooner or later, huge money makers and merchants would adapt one of these two coins.

If you were that merchant, would you prefer dealing with Roger Ver? or with Satoshi?

Good analogy. If Lightning network is like the internet...then Amen, I rest my case. Can the internet be censored? Can the internet be blocked? Can it be throttled? Net neutrality is a thing too and well governments and banks can actually control the internet today. ISPs can block or throttle internet anytime and does in many countries.

So wait, why do you want Bitcoin and cryptocurrency again?

what if i told you this:
theymos(bitcoin.org) was kylie jenner
ver(bitcoin.com) was khloe kardashian

they want everyone fanboying one or the other. but the ultimate aim is try getting everyone to hand brand kardashian over to one family
yes they are all the same family.

bitcoin cash was made by BLOQ devs
bitcoin core(2013+) was made by blockstream devs.

both blockstream and bloq are paid by DCG.co/portfolio/#b
its like having people who hate kylie jenner. be invited to be fans of khloe as the alternative. as the fake distraction that outside of the box shows they are all the same family.

..
anyway. lets talk about the bankers..
both blockstream and bloq are involved in hyperledger(bankers project) which requires segwit and LN for the bankers to then run their bank branches(hubs) on

the reason for segwit moving to bc1q addresses instead of sticking with '3' addresses is because the next stage is that bc1q identifies it as a bitcoin core fund. ther will be USD1q addresses for the american bankers fund(their fiat2.0) AUD1q addresses for australia GBP1q for british fiat

..
i know some will get excited and throw in their hat to allow core to centralise bitcoin purely to allow the bankers to integrate and allow fiat-btc swaps. but thats just going to end up with LN being the network where people need to deposit funds into addresses that require a bank manager(hub channel counterpart) to authorise transactions. and also end up needing to do AML/KYC.

in average joe blogs speak. to open a "account" (channel) you need to have a minimum balance per channel to cover all chargebacks(penalties) and have funds locked in and unspendable outside the banking system for a certain length of time (ln's CLTV+CSV)

have a nice day

Oh please, stop this BS. Lighting is actually similar to how internet work nowadays. Lighthing is not centralzied. Actualy you have many altcoins out there that have higher functionality and better than Bitcoin Cash in my opinion. I really do believe that your post here has itent to make some people mad as of first things first you are calling bitcoin -"bitcoin core". When did bitcoin changed its name? Never bitcoin cash is a fork and that is what it is. A fork that is tryting to by their belief to make better version of bitcoin, with stealing the community of bitcoin they grabed nice amount of attention with people on top such as Rodger Ver himself.

I thing that we had a lot of posts regarding BTC and BCH honestly.

I do not believe that what buffet is doing is an actual propaganda. He has his points of view of course he is wrong sometimes as well, you know? He is an human being. His experties is investing into real bussniess and not into some virtual asset. So the guy is simply doing things he is best at and he knows he is doing well. Big guys like risk, but they don't like high risk investments.

Do you think that it's about time to start paying attention to Bitcoin Cash?

Below is the opinion of only one man - me.

This is how I see the 'war' going on between Bitcoin Core and Bitcoin Cash - and very open to hearing opposition to this viewpoint. However, please if you comment, do not just say things like 'bitcoin cash is garbage' or 'bcash is made by scammers', or 'i hate roger ver', etc. I think that we are WAY beyond that at this point and that serious facts need to be brought to the table. There is a lot at stake here.

Do you agree with this?


-Bitcoin Core (BTC) = Banking interests, corporate centralization, government sanctioned, etc. - ie. Lightning network layer, centralized blockstream corporation, etc.

-Bitcoin Cash (BCH) = Peer-to-peer cash transactions, no central authority, no corporate or banking interests, government feared - disparate players like john mcaffee, jihan wu, craig wright, Roger ver, etc.


Now... let's assume hypothetically for a moment that the banking and government systems are legitimately scared of Bitcoin and cryptocurrency in general because of how it threatens the existing power structure. Just try to imagine this is actually the real case scenario for just a moment.

That said and if it is a reality... what do you think the banking/gov power structure would do to kill and/or prevent something like an independent, p2p electronic cash system (Bitcoin Cash) from emerging? What lengths would they go to to stop it? How would they stop it?

Would they do it bluntly and directly (e.g. like a ban) or would they do it more subtly and methodically (e.g. like hijacking the movement, taking control of its development team, and incentivizing them to setup a 2nd layer on top of bitcoin that can be controlled...).

I personally think the government/banks would FIRST use the media to try to discourage others from investing (e.g. remember Jamie Dimon from Chase calling bitcoin a fraud? Remember Bill Gates and Warren Buffet coming out against bitcoin? - these people have influence). It's called propaganda. When that failed, they would then infiltrate the movement and dev teams to hijack and prevent the possibility of an independent currency from emerging (sound like blockstream? Look at the actors in the Blockstream corporation. Look at their background and ties. Follow the money). They would force out all opposition to the direction the 'company' would take bitcoin. Sound familiar? Lastly, they would setup networks of bots, trolls, and loyalists to bad mouth and talk trash on the emerging p2p electronic cash system.... why? To again use propaganda to discourage the public from using it.

Now bring on all the conspiracy theories.... I'm ready.