This daily is dedicated to all those cashies who are feeling BTFO.
I bought in right before the crash yesterday. One could even say I caused the crash, it was such perfect timing.
Stay strong, the war hasn't even begun. Remember that the fundamentals are on our side. Hard money. Electronic p2p cash.
Talk to me, BCH gang. Don't let the daily volatility get to you. Stay strong and remember to build on BItcoin CASH.
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These days will be known by future generations.
I stopped caring about the fiat swings a long time ago.
I'm more interested in the political dynamics of the hash war.
I can make a great case for both sides to win.
But in the end, my money is on BCH.
So you’re holding through the fork user? Why? To get free tokens?
This is what i'm curious about.
if you had asked me in jan what the worst price I would expect today it would be where we are now
about to experience massive cognitive dissonance or confirmation bias
Daily remindet China is statist and desperate. US bros, go to work, clean your balls, be somebody during the tech war
No. Because i think BTC and BCH decoupling will happen.
This is somethin I am afraid of and part of why I make these threads. I admit my ignorance of the future.
But yes, I am still confident of several things.
1. Miners must have the power to decide which chain is valid, or the Bitcoin incentives are perverted.
2. Market is short-term stupid, long-term inexorable. It may stay irrational longer than I can stay solvent.
3. Bitcoin CASH is p2p electronic cash, and global money is what I want, not smart contracts or even decentralization.
None of these three truths indicate that I will get rich. But they are nonetheless true.
My opinion is that there will be no free tokens.
However, the demonstration of the Nakamoto Consensus in action creates a very powerful reason for the market to price Bitcoin CASH higher. So much uncertainty disappears when the miners decide.
if SV wants to win the hash war, they have an incentive to try and keep the prices low, because higher prices mean more hashpower to fight.
If ABC wants to win the hash war they have an incentive to try and keep the prices high, because higher prices mean more hashpower that defacto supports ABC.
This is a swing trader's wet dream. But I am no swing trader. I just didn't want to miss the bull run when the war ends.
Should I have waited 24 hours to buy more Bitcoin CASH? Of course.
Can I time the market? Hell no.
Does Bitcoin CASH have fundamentals? I think so.
WHAT SAY YOU?
I am just a simple farmer tired of being thrown around by goddamn mining whales. Sitting in tether until this all blows over since things are likely to get worse before they get better and could potentially get very ugly.
Yes. But there is the risk of being thrown around by the central bankers or the tether bankers.
That's a tail risk especially in the short term, but the downside is incredible.
bcash will continue to fork itself over and over again. its entire community is full of people that think forking is a way of solving problems or making quick money. there are no serious developers in bcash, just opportunists.
you should have known this was it's fate when they decided to fork off and create their own chinese-backed alt in the first place
Imagine being this fucking stupid. Even after a year getting assfucked by the state and central banks, you can't admit forking away was simply unquestionably the correct move.
The BCH guys were smarter than everyone else. The salt when people like this finally accept it will be extreme.
BTC BCH is not even a question for me at this point.
The level of argumentation and the quality of the people in the two camps are incomparable.
This is one of the best videos to understand or grasp the "hash war"
youtube.com
I think Daniel is at least as autistic as I am. I consider him a friend.
AHHHHHHHHHHH
Pretty much spot on.
SEETHING
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yall are boned lol
r/btc sounds like its full of UASFers from 2017 now, its incredible.
A complete flip turn on the narrative about miners, the moment one came along you dont like.
theres a reason we expelled you from bitcoin, now we can sit back and watch this dumb drama without having a stake in it.
do you have any reason at all for this, or you just hope it will?
Yeah the ABC shills are something else. What a bunch of faggots.
>3. Bitcoin CASH is p2p electronic cash, and global money is what I want, not smart contracts or even decentralization.
I don't mind Smart Contracts, but do not want them prioritized. In so far as decentralization is concerned, it's a very desirable trait, but blocksize, generally, does not create more "centralization" long-term. UTXO commitments are coming (at least on ABC, I'm pretty sure they're being looked at), so once that is released, a stand-alone miner would only need to keep the UTXO and perhaps the past X number of blocks for safety.
BTC has gone to shit. It's been shit since those shabbos at Blockstream propagandized and disallowed 2X.
So far as the Jow Forumsbtc sub, it's like any other cult. I'm still not convinced that CTOR was the best approach (there's an attack vector here), but CSW and SV make zero sense to me. 128MB blocks aren't process-able by any current client afaik. It seems more like CSW's trying to destroy faith in the whole crypto space, not turn BCH/BCH-SV into a success.
Could possibly be Blockstream's Trojan Horse.
I've got over 22000 USD in Bitcoin Cash.
Anyone thinking Calvin Ayre will lose is insane. The guy is spending 10k USD per hour on hashpower (estimate I read somewhere) AND he's building a 100 million USD resort that only will accept Bitcoin Cash (to be completed 2021).
This is the safest bet in crypto I've ever seen.
Same i got 52 bch. Very regretting not splitting and going all in sv early
BTC is a shitcoin. That is my reason.
No one in the world has ever wanted high-fee coin. The only reason BTC has any value is because BTC has stolen the value from Bitcoin.
Bitcoin cash is unironically the real bitcoin. If you cannot understand this, I cannot help you.
I hold 3 BCH. Where do i put these do receive both chains? My exchange only will accept dominate chain. I want SV because billionaires always get what they want.
sell bch and buy sv futures on poloniex
I have 100 Bitcoin CASH.
I used to hold other coins, notably ETH and ADA.
I CASHed out, and now I am in the 100 club.
Move it to a wallet that you control the seed for. And then just hold it until there's a clear winner. Personally, if SV loses (I hope it does as I think CSW's a con-man and the 128MB block limit makes no sense if client software can't handle it) I doubt they'll continue the hashwar for "as long as necessary". Ayre's already indicated he'll go with the winning chain.
Where can I get a wallet that I hold my keys to? Id rather split them myself
Which wallet do you use?
I use Electron Cash. I will not be spending throughout the fork though, so have not split anything.
>Tries to crash the market
>Crashes itself most of all & Kamikazes any chance of making profit in any cryptos for a year or 2 at least.
Fuck all variations of Bitcoin, and Bcash most of all. And this is why Chinks are terrible: "Oh, me have goose that lays golden eggs? Me kill right away, no patience to accumulate. Oh, me kill all future opportunity for sake of tiny profit? Fuck you gwailou, am savvy businesscommie." Next world power my ass.
Thanks mate
This is how I know you are an idiot.
You obviously don't understand that Jihan is gradually a fading figure in the BCH community. He remains a powerful figure in the BTC community however. So where's your chinkscam coin now?
>the fundamentals
what fundamentals? its a ponzi coin
You might have to end up putting SV on one of those spears.
Maybe not.
Hopefully CSW delivers you guys to the promised land, but I can't put too much trust in others.
I did pick some up though, price was irresistible.
How is bitcoin cash again? Proven reserves?
YES.
Never put your trust in others.
BUT right now SV pool has got that HASH.
Which means the CSW might have that CASH.
Hopefully that means idiots like
get Fucking Smashed.
Truth.
Will be an interesting few days.
10hrs 30min left. kill some time on craft.cash
I don't think my computer can run this
I just get a black screen and nothing happens when I click around
it runs fine on my pretty old work laptop. Maybe you are blocking javascript?
It's not JS issue, game is working
Just a black screen, no movement or colors
Maybe its a browser issue lemme try crhome
It was working on firefox 63.
my god this war is keeping me on my damn toes.
This war is the most important thing going on in the whole world right now.
It amazes me how few people are tuned in.
I'll catch you guys when things get started.
Stay comfy anons.
We are on a ship of fools user.
That is why we must strive to think originally and connect with people who are not totally clueless/crazy/foolish/suicidal/etc
twitter.com
this e-mail from McAfee to Jihan is funny. unless he have a hash farm in his pocket there's nothing he can do.
well, knowing how often McAfee touch his nose he probably does
Very true user
Being redpilled on how few are awake was the last one I had to take and it is still digesting.
But thanks to teh NPC meme I started to understand..
I still have hope that more can wake up.. maybe I should go full blackpill.. maybe not.
for now I will just find a new balance point for my worldview.
Based and popcornpilled.
Maybe he could get bitcoin abc tattoed on his forehead
goddamn i kek'd
>johnny Bgood
with the fuckin hat no shirt and sunglasses
It's a back to the future reference I think.
Pretty good movie desu.
Has some freaky predictions for the future that some people think came true.
Quantum computers and shit
This supports the idea that Bitcoin ABC = Skycoin level of shit.
He's a strange character for sure.
I've been thinking lately that his run for president will actually do more harm than good for crypto.
He seems to drink too much and be brain fried as well.
I'm hoping its all an act.
If not then we should not let him run
I'm just gleaning threads trying to understand wtf is going on. I don't follow crypto as close as I used to. From what I gather, bch is forking. Ok. So what is the war.... Are the miners gonna split or something? And why the fuck is this tanking everything else?
Someone tl;Dr me please.
alright here's the quick rundown.
BCH is fighting between two groups who want to decide the future direction of the coin.
Neither side wants to split the coin in two so they are going to have a hashwar to see who has the most mining power.
Whoever does, wins.
BUT, here's the crazy shit.
One of the guys (CSW) keeps saying that he is satoshi and holds satoshis coins.
The entire community of BCH hates him because he talks a lot of shit on twitter and doesn't play nice
On the other side you have roger ver and jihan wu who are trying to beat him at the hashwar
the community supports them but their code base is shit and borrows elements from blockstream
but CSW says a bunch of iffy shit about patents and using the state to make crypto less free.
THE PROBLEM is that jihan Wu is at the top of Bitmain, a huge BTC miner, and CSW also has BTC miners and BTC coins, and people think they will fuck with BTC in order to win this war, so the market is shooken
most money is going to fiat or sv i think
but that's only the surface level of this shit
it goes like i think probably 100x deeper
some people even speculated that they are having a fake war to burn BCH to the ground, or even THE WHOLE CRYPTO SPACE to the ground as maybe they are government shills
no one knows for sure.
Thanks user.
Wow. What a shitshow.
Yeah it is.
It'll be fun, if nothing else.
Once in a lifetime event (if it happens).
Some people speculated they will reach an agreement before teh war too, i hope not though.
Its the beginning of the fight for liberty.
Will we live in a world of endless slavery manufactured by debasement or will nakamoto consensus successfully manifest a form of monetary governance that is distributed by work so that inflation is a choice by those who it would affect
It becomes a pretty dark timeline if we cant hash it out.
the leader of your 'fight for liberty' constnatly talks about using the power of government to kill his opponents
Its got nothing to do with people, its got everything to do with the idea that profit seeking behaviour produces moral outcomes
Place your bets either way
Craig's home was raided in 2015. That's how the Satoshi rumour started. He apparently used Govt funding to purchase mining machines.
My theory is that he's comp'd in some regard. Otherwise, he'd be in jail.
I place my bet on BCH
Very true
It's also shady that he operates out of London, which is also Babylon(don), the criminal financial capital of the world where the NWO does their shenanigans from
checked
The entire crypto space is Bitcoin (bch) and fools trying to comprehend blockchain... But failing. It is like I started a race, but my competitors ran the wrong way...
Tweeted by @ProfFaustus
> the community supports them but their code base is shit and borrows elements from blockstream
This isn't true. OP_DSV is kinda sorta almost similar to something within the comp'd BTC chain, but it's an optional feature which does not compromise the chain at all. Everything else works just as it always has and there's none of the subversion of the BTC/BCH fork going on where everyone thunderously applauded the oncoming kike subversion.
The ABC code is at least architecturally superior to the SV code. CTOR allows for more efficient propagation of blocks across the network. I'm not going to take sides to the extent that I would say one definitely will not work, but there's no question that CTOR works better. At the end of the day both can work, and both will be unlimited market price set uncensorable ledger space for a free market future economy. That is the important part, and why at the end of the day no matter who wins, BCH will likely be just fine.
I don't like ABC's scaling roadmap
They say bump up blocksize as needed
But I take issue with that - I think people are on the sidelines right now waiting for the green light to come in and use Bitcoin... but their use cases will most likely require huge blocks YESTERDAY.
Beyond that, which is shallow stuff, I also think that there is a poker game being played here by... SV of all people (craig and calvin are from gambling world) and that they have aces up their sleeves that have not been seen, heard, or even fathomed yet...
The whole CTOR, blocksize, POW thing could all be smokescreen adn this is why I can't really bring myself to bet either way because after running the simulations in my head I can find very good reasons for BOTH sides to win DESPITE what they have siad or which way they have leaned.
and like you said, no matter who wins, bitcoin still wins.
Based
> They say bump up blocksize as needed
This is a reason to be cautious, if it's interpreted as lets lock it in at 32mb and only ever address raising it again when we start hitting that ceiling, if you mean to observe that is begging for a repeat of the BTC/BCH split, I am prone to agree with you.
At the same time, there's a gap between that and saying just for right now, while we haven't optimised block propagation as much as it can be, coupled with the fact we're orders of magnitude above the limit, why add the extra risk of a poison block attack into the mix? There's some sensibility to that perspective.
In a perfect world I'd like to see an automatically adjusting blocksize based on a moving average of the past year weighted by distance from current time, and I've heard some people in the ABC camp directly talking about that approach. SV on the other hand seem to think they really can just set a limit and then update it every now and then, and that to me seems a lot more like managed central planning.
have you looked into a company called bloxroute?
They claimed to have solved the block propagation issue.
basically what they do is 'stream' blocks from each miner across the network instead of sending them whole, they also compress the blocks before sending.
its kinda strange that their name is 'blocks route' just like 'block stream' so im cautious of them.
but check it out.
Imagine if Amazon was considering adopting Bitcoin.
That's what means by huge blocks yesterday. This sort of gradual growth scenario is great in theory but real adoption will come from corporations.
Maybe you don't like corporations. But that's not liking reality. Bitcoin loves reality. Reality is that we need massive scaling now to have massive adoption tomorrow. It's not the other way around.
> Imagine if Amazon was considering adopting Bitcoin.
670mb gets you visa scale from 2008. I think this would likely be enough for global adoption. And the point isn't that it sticks at a certain point, the point is that the system works as hard as it possibly can, and then a genuine non centrally controlled non artificial scarcity fee market sets the price for on chain transaction space.
From this position actual legitimate second layer demand can scale the system potentially infinitely, and the first layer can still take advantage of whatever advances in scalability are available, stuff like CTOR, bloxroute, whatever.
The most important thing is that the scaling is not locked and centrally controlled, and the growth is not forced onto a layer that is simply just another fiat banking shell. And only BCH is taking that approach at the moment.
welp user,
what I can say is this.
Your viewpoint is very reasonable
But I don't think it is the optimal way
And I could be wrong too.
my point is this:
this is exactly why the hashwar is about to happen.. may the most correct choice win.
No offense, but I don't think you understand how Blockchain works. Maybe you're thinking of what's known as "Weak Blocks"?
Propagation isn't really much of a problem btw. That was a Blockstream narrative being pushed.
assume a miner creates a 300GB block
How does it propagate across the network?
Propagation isn't a problem at 1mb, that is indeed a blockstream lie.
It's not even a "problem" at much higher block sizes, but you need to think about what's really happening in detail.
It's not just 10 minutes / data in a block. It's data in a block must be processed *before the ten minute race can begin*. That's a critical difference, and the actor that minted the block is effectively given a head start relative to the time the block takes to propagate across the network.
Imagine we are in a competition, we must solve a rubiks cube and then do sprints for n seconds, all players are in isolated rooms populated by video feeds of them solving the rubiks cube, and can see all the other players on the rubiks cubes at any one point in time. You can't go back to sprint until you've either A) solved your rubiks cube or B) verified that other people have solved their rubiks cube (and there can be fake notifications that the cube was solved by an actor that you have to take the time to verify).
The more complex the rubiks cube part of that competition, the bigger the advantage the actor who actually solves the rubiks cube has over the others.
This is why stuff like CTOR and graphene and all these propagation mechanisms are so essential.
At 300GB, we are talking not only global levels of adoption, but solar system levels of adoption. I doubt that Venus Bitcoin Mining Corp will have issues sending the equivalent of a medium sized porn collection torrent in 10 minutes.
In short, with capital investments.
Well I would like to see big blocks as a way to store data someday .
Well, writing is on the wall. Affirmative action planted all kind of low IQs into the tech. Chinks there, even worse, they will go full sabotage. Brainlets and stacies dancing in the office will never uncover all the backdoors.
Is it best to sell SV before the freeze?
SV and ABC will continue to trade on polo
One will be worthless though?
Personally, I'm staying in fiat. There are so many ways this could blow up in people's faces, it's not even funny. Buy back in when the dust settles. This is the way to riches.
Yeah I'll go with that.
Yeah, that's what traders will decide.
Ha, gay.
Here's what will happen in my dreams:
1. Hashwar happens, BCH paused, SV/ABC continue to trade.
2. As each team scores big points (moving miners, social media attacks), the prices will swing wildly.
3. While all this is going down, the rest of the crypto market will dump, maybe just a little.
4. Sooner or later someone will 'win' the hashwar, or they will agree to pick SV/ABC.
5. Everyone on polo will FOMO into this coin as it is the only one that will exist.
6. This will push the price of that fork ABOVE BCH current value.
7. BCH will resume trading and instantly moon up to the new price level that was set by SV/ABC
8. While this mooning is happening people will dump the rest of the crypto market to get into the new BCH that people are now starting to realize what it actually is due to the information that is revealed during the hashwar.
11. after this the entire crypto space is changed forever and institutions and businesses and governments begin to legitimize and enter the space
12. life changes forever
k? thx. this is a dream I had tomorrow.
brainlet here. so am i an idiot if i stay in bch through the fork? i thought it would (possibly) result in getting new tokens, or, at the worst, no new tokens and bch price drops in value for a little while. really confused.
Also please explain why the price of ABC is almost double SV if SV is winning hash?
Pretty much and it's gonna be SV and it's gonna flip Segshitbankercoin
I
Based
this is the power of proof if social media. plus jihan manipulating prices propping up abc, he did the same shit with bch last year
I'm 80% all-in in BCHSV.
please some user comfort me.
The amount of coins you managed to pick up should be comfort enough.
You'll probably make it desu. Everything is on SV's side.
But, no guarantees.
thank fren haha I slept bad tonight. I have 2000 link and 2000 xrp as suicide insurance for the eventual moon in december. just not to kms.
I think the only way SV loses is if there is some third unannounced Bitcoin implementation that is hiding somewhere up a sleeve.
It's a very low probability event.
This could all have been a hobson's choice with three vertices but the third is above
mm
this won't help you sleep better next time, the hashwar will take a few days I think, the stress test will end it I think.
Hmmm
I think satoshi would like to reward people that believe in his vision
good luck user I will remember your predicament when the results are in
xoxo
checked and bumped