Roger Ver is a scam artist that stole the Bitcoin brand name to springboard his Bcash altcoin. That is why he gets so offended when people take the word Bitcoin out of the name because it takes the power away from the "bait and switch" scam. My criticisms of Roger Ver have nothing to do with the non-"superiority" of BCH.
It’s always a power struggle nearer to the top. He obtained the Bitcoin.com domain by some means (seems there was drama about that also). He is monetizing his assets, including his stature of being a BTC whale and a very early adopter.
Why are y’all not criticizing Adam Back for coming into the scene much, much later than Ver and doing the same bait-and-switch fooling everyone into thinking that they must have insecure SegWit instead of larger blocks, so that Blockstream/Core could remain relevant? (who needs Core if we only need to increase the block size!)
Ver takes the stance that Bitcoin is partially his baby and he is pursuing the more straightforward design which is closest to Satoshi’s protocol. Why do those arrogant jerks such as Gregory Maxwell get a free pass? Is it because you can’t see who are the million BTC opportunists who are behind Core, i.e. Maxwell makes you less jealous because he does not have that much BTC?
There’s actually
a psychological reason that most of the fools would prefer Core. Jealously. Monkeys eat cucumbers without problem until another monkey gets grapes, then they go fucking crazy due to jealousy. So having Jihan Wu (the evil China man with ASICBoost hiding on every Bitmain miner), Craig Wright (the Satoshi imposter), and technological neophyte Roger Ver(ifried) as the Mt. Rushmore Three Stooges figureheads on BCH makes everyone feel about the same as they feel about Trump leading the USA. They’re jealous socialists who want the pie to be shared with everyone as Marxist, and obfuscate it as they are embarrassed or offended. Don’t you realize your emotions are being played like a fiddle. Push all the greater fools onto Core by inciting the jealousy and Marxist tendencies of the most people, then fleece those sheep. It’s always the same outcome for humanity.
I’m not arguing the opportunists behind BCH are any more noble than those behind BTC(Core/SegWit). I’m against your emphasis about personalities/motivations as a justification for speculation, investing, and such. We know that everything in crypto is corruption and opportunism.
However, many ALT coins have the same "superior" properties that are being argued in support of BCH (big enough blocks so that are empty enough hich results in cheaper transaction fees). Yet here you are championing Bitcoin Cash. Why are you not championing any alt coins too?
BCH is the only one I know of which has the support of major miners and which is basically Satoshi’s protocol with an increased block size (and a faster difficulty readjustment to compete in the mining profitability war versus BTC’s slower adjustment).
I don’t champion BCH as a long-term or the best solution. I just think it is 3 - 5X better speculation at this time than BTC (especially now below 0.1 and at 0.07 recently, although it could possibly decline to $850 and 0.05 as the bottom which would increase the upside to 6 - 10X more than BTC).
I don’t champion any altcoin at this time. Everything has too many technological and game theory flaws. All I do is try to pick good speculations.
He said Bitcoin no longer has transactions "basically for free", but such transactions are unsustainable. There is no such thing as free transactions.
I think transaction fees on my project will decline to near 0, i.e. the cost of actually validating them! (But the game theory of this design needs to be peer reviewed)It’s ridiculous the transaction fees of proof-of-work. I had to pay $30 to get my BTC transaction today to be confirmed within an hour. And the fees will be much higher before this BTC bubble is done.
The issue of high fees is going to be another of the reasons the BTC bubble will collapse into a crypto winter.And anyways... on-chain Bitcoin transactions are still really cheap. I sent a transaction the other day with a $0.50 transaction fee. The only thing that isn't cheap is if you want your transaction confirmed really quickly. But Bitcoin is not ideal for such transactions anyways (IE. buying coffee). See below...
Your $0.50 fee transaction would delay a day or more to confirm and this will get much worse soon.
You’re misleading the readers using the same sort of obfuscating deception that Core employs.
There are many reasons that we need our transaction to confirm within the 10 minute per confirmation period, such as doing a trade that the counter party has hedged and thus demands timely payment.
0-confirmations for coffee is not the only type of transaction that is hindered by an overloaded block capacity.
[…] and killing Bitcoin would be financial suicide by the miners. Thinking everyone will just cut their losses and switch to BCH after such an attack is wishful thinking on your part.
Nobody is going to successfully attack Bitcoin. Only SegWit donations would be taken (which are not Satoshi’s Bitcoin protocol) with a smile and thank you to all the retarded mofos who idolized Core.
Bitcoin will just keep humming along fine. No one that did not use an exchange nor SegWit, will ever have their BTC stolen by the miners. Only the willfully vulnerable mofos who use exchanges and allow SegWit lineage in their BTC are at risk,
as they should be. They’ve been warned in this thread. No excuses any more.
Thinking everyone will just cut their losses and switch to BCH after such an attack is wishful thinking on your part.
I already told you upthread to read the thread title correctly. I never predicted that the SegWit attack would anoint BCH as Bitcoin.
The speculation on BCH is about its relative price rising as a consequence of for example BTC’s transaction fees skyrocketing and block period slowing to an hour.
Bcash is just an ALT coin, and whose to say another ALT coin will not be the main benefactor?
BTC(ore) is also an altcoin. The benefactor will be Bitcoin(Satoshi), which can be downloaded at
The Real Bitcoin Foundation. (No it’s not a joke, remember what Google’s website looked like at its inception, it’s designed to deceive viewers so they’ll remain willfully ignorant sheep they prefer to be)
If you really want to talk about the HERE and NOW....
Who cares about making transactions via cryptocurrencies, really? They are a speculation vehicle based on their future utility once major adoption occurs. No one wants to buy their coffee in a neutral-inflation (or deflationary) cryptocurrency when they can buy it with the inflationary capital they have.
Agreed. Which is why this entire scaling nonsense from Core has just been a power grab.
As I wrote upthread, I’m very grateful for the drama and trading opportunities.
Yet there’s one group that does care about making transactions with cryptocurrencies. Specifically those who are using tokens for something they want to participate in. They’re not in it for investment; yet maybe the investors also want in it.
And that’s why we’ll not quickly get significant adoption (other than speculation on the future) without onboarding to the masses onto some activity (which requires cryptocurrency) other than just speculation. Steem has been a very illuminating experiment and now a Top 1000 website, but
the details are mucked up a bit.
Try to live off of cryptocurrency only for a while and tell me how that works out. Hint: using a debit card or other service that converts crypto to FIAT is not living off of only cryptocurrency.
The most significant potential use cases of tokenization aren’t to pay for things I normally pay for with fiat. Rather for new paradigms that fiat can’t be used to pay for. The
ChangeTip Must Die argument is incorrect, because who wants to maintain 100s of subscriptions!
But tipping is stupid. Steem tried to workaround the problem by making tipping free, but of course
it is impossible to make free what is not free. So users need to get something of great value they need, when they tip. Ah I’m tell you too much about my project design.
Only Bcash FUDsters want to buy their coffee with cryptocurrency.
Sorry incorrect. Many reasons needed to send crypto transactions. I need fast and reliable crypto transactions. When BTC transactions slow down to an hour or more for the first confirmation, there will be a mad rush into BCH. We’ll see the price spike, and so goes the life of taking candy from babies.
Bitcoin's Network Effect will reign supreme in the short term.
Satoshi’s Bitcoin yes. SegWit I highly doubt it. It will die stillborn or die in a massive fiery donation festival.
The Bcash "idealists" have effectively already spent their war chest pumping Bcash from $300 to $1500. Notice it has been effectively stagnant since...
Wishful emotions, not rational analysis. They of course are earning more REAL Bitcoin all the time on the game. Account for all that BTC they’re spending on the exchanges, which they will take back in the chain reorganization and bankrupt the exchanges they wish to. Do you think the Zionists don’t have a plan on how they will crater the exchanges which refuse to delist ICO tokens when they go for the collapse of BTC with coordinated SEC+G20 securities regulators to collect their CME shorts and take millions of BTC. The new EU securities laws go into effect Jan 1, 2018. The massive contagion is being prepared.
Lol. Observe the next months.