Hold Bitcoin or Bitcoin Cash ?

[TheGooner]

It can be interesting to trade.

Interesting ...

Much like the ancient Chinese warning of Living in "Interesting" times?

[PROFRBcom]

They better not start paying affiliates with their personal shitcoin or there will be mutiny. What a ridiculous article. A similar one was posted on Bitcoin.com which is Roger Ver's site, so its an organised campaign of misinformation, no doubt behind the small bump in price. I told you Ayre is in league with "fake Satoshi" fraudster Craig Wright.

I hate to say this, as I respect your opinions greatly, but I have watched a number of videos and interviews w/Roger Ver. I really like what the guy has to say about the world in which we live. I think he's smart as hell and I like his philosophy.

Whether or not his dream of BCH taking over has any merit is a different story though I suppose.

[Sherlock]

As much as I hate postmodern world, I agree. I for example do not like Roger Ver's philosophy, because it is a naive libertarianism, which I find really idiotic. But the guy has balls and he did a lot for bitcoin in early stages and he still pushes his ideas, even when he will now burn the money with some Liberland 2.0. Whether his ideas are good or wrong does not matter. He is doing something (maybe because he is a narcissist guy, but it is still much much more than the others are doing). Market will decide everything.

The same goes with Calvin Ayre, who might be crazy to go with BCH and con-artist Wright, but he made one of the best bookies and affiliate programs and he brought cryptos to gambling mainstream and that is ******* lot. As much as I hate BCH (I hold still 90% of airdrop), the article causes me to contemplate a bit and for sure I am not selling BCH further at this price.

[yeahfree]

Whether his ideas are good or wrong does not matter.

Market will decide everything.

this.

The same goes with Calvin Ayre, who might be crazy to go with BCH and con-artist Wright, but he made one of the best bookies and affiliate programs and he brought cryptos to gambling mainstream and that is ******* lot. As much as I hate BCH (I hold still 90% of airdrop), the article causes me to contemplate a bit and for sure I am not selling BCH further at this price.

OK, his gambling products are big in the gambling industry and cannot be ignored.
next question would be, how big is the gambling industry an influencer for the bitcoin market?

[Sherlock]

So what they are doing now? They accept BTC still? BCH only?

[yeahfree]

So what they are doing now? They accept BTC still? BCH only?

i still see them (bestpartners) communicating bitcoin refering to bitcoin.org on their sites (including bestpartners itself) so far.

[Muppet]

I hate to say this, as I respect your opinions greatly, but I have watched a number of videos and interviews w/Roger Ver. I really like what the guy has to say about the world in which we live. I think he's smart as hell and I like his philosophy.

Whether or not his dream of BCH taking over has any merit is a different story though I suppose.

To me he is a chump who got lucky by betting on Bitcoin in its early days. His history involves doing jail time for selling explosives on ebay and other assorted stupidity. Look up the video of him trying to reassure people that funds held on mt.gox were totally safe, he reads a prepared statement like one of the stepford wives. We all know how that turned out a few months later.

His current campaign for big blocks is just idiotic and the flip flopping of support back and forth between BCH and segwit2x makes it appear that he doesn't really know what he wants, just so long as it isn't the core Bitcoin. Ironically that statement may be the straw that breaks the camel's back for the 2x camp because it very clearly reads like they don't support that now.

Their statement also mentions that someone has tested a 1gb block successfully. So what, all that does is support the counter view. Imagine the requirements that would place on people who want to run a node to help decentralise and secure the network if they had to add up to 1gb to the blockchain every 10 minutes. At this point you can only conclude that the people pushing BCH have no technical expertise or knowledge of scalability of distributed systems whatsoever, or its a deliberate power grab and attempt to centralise the network into a smaller number of hands, or both.

[Sherlock]

I am not mining anything, so I do not know for sure. I know there are miners around who know for sure. The 1GB blocks means that the blocks have to have 1GB maximum, or at least I thought so. So it is the peak capacity. If they are not full, then less data have to be stored. So I do not think the big blockers think people would have to store 1GB blocks.

There are already altcoins with XX MB blocks and faster confirmation times, I doubt people would store that much data for shitcoins.

[Muppet]

No I mean people running nodes, not miners. Also note I said "up to 1gb". Massively increase the storage requirements for nodes and you will logically reduce the number of nodes and therefore reduce decentralisation, making the network more prone to attack. Remember Craig "fake Satoshi" Wright is quoted as telling people to f... off if they don't want to spend $20k on a node. Also remember Wright and Ayre have applied for numerous blockchain related patents so it is pretty obvious to me where they are aiming with their coin.

[Sherlock]

I know it is about nodes, but any miner is running a node defacto. And I do not expect GPWA members running nodes for free So I asked miners.

Hypothetically there has to be a difference for peak and saddle? I do not know how big. I guess peak at Visa b4 Christmas is 10k+/sec, but average might be 2k/sec? Something like that. So any network that wants to be prepared to take this over has to have maybe 5x, maybe 10x higher capacity than is average. But the average will be filling the space. Unless there is the constant zero fee spam. I am just a devil's advocate, that the other camp is never so stupid as it seems.

I think the superbigblocks are nonsense ofc. 20k on node is risky, I would not try this, when bitcoin is working so nicely... but 20K is truly not that much and I can imagine even bitcoin working like that and probably the bitcoin would be still resilent. The problem is as nullc says all the time, that nobody knows how far the limits can be stretched and this is why I like the core approach. It is like a game with blackhat SEO on established site that is generating income, where one has a lot to lose. For <1% chance a lot can be ****** up, for decent chance there would be some extra profit, but it is not so good to stretch it close to the unknown limit. Stakes are too high.

Again, I am not for anything, just for my bankroll. I support the conservative variant. And thank god for Core. But I think it is great if someone is testing 1GB blocks, after all bitcoin one day will probably have higher blocks. I also think it is great that people like Ayre maybe wants to test BCH altcoin for funding. If Bitcoin is the king, he will prove it right away. If not, then sorry all new Bitcoin multimillionaires who sold BCH, you can go back and try Skybet affiliates when they the shop again. That is the beauty. Even the lucker like RV (well I think nobody is a billionaire just by luck) can be crying soon if he rides the bad wave.

[Book of Ra pPortal]

it's very difficult to decide now, but I will stick to Bitcoin for the moment

[BestBonusBets]

a $5 rolex from Bali is not a real rolex.

[Cash Bonus]

it's very difficult to decide now, but I will stick to Bitcoin for the moment

I would also be sticking to Bitcoin for the moment as it still has great potential to climb up much more into the global markets.

[Hen]

I would also be sticking to Bitcoin for the moment as it still has great potential to climb up much more into the global markets.

Yes same for me, i will keep them for now

[Sherlock]

Everyone who sold BCH should pray now.

[WagerX]

Everyone who sold BCH should pray now.

lol, I am praying. I sold at .11 . btc core has a more global apeal. That could change. I do not think that either one will be able to compete with VISA/MASTERCARD. In that regards Ethereum has a better chance.

What about you Sherlock? You mentioned that you are a Core supporter. Are you hedging your bets?

[Sherlock]

I am first of all supporter of my own money. When Ayre wrote the article I stopped selling my BCH (I only sold maybe another 0.5% BCH at 0.13 BTC 2 days ago, then I stopped.), so I have still majority of BCH, but I regret of course that I did not sell at 0.5+ today. And I regret that I did not actually buy after Ayre made the statement. I have a lot to learn how to go against myself and just follow the signals that I know are significant, but market does not recognize them.

There was interesting discussion here: https://twitter.com/officialmcafee/s...101611009?s=17 and I agree with crazy McAffee that this is war, this should be war and that BCH scored nicely now. The wars were always productive.

Tbh I do not like how with just a little money the whole market was moved. It is more fragile than I thought.

I never thought that blockchain layer 1 has to be competition for VISA and it is too premature to think about the last mile for any cryptocurrency. I think the value hidden in Bitcoin should be preserved with very conservative approach, this is why "I like core" (which really does not mean that I like most of people who belong to core or that I agree with everything they are doing). Bitcoin is not about technology, but about creating and preserving the monetary value that is coming from the multi p2p network. How the value will be transacted is also important, but without the value will be nothing to transact. People now think that any blockchain listed on crappy exchange can create the same or some decent value. It is really wrong and I bet most of my money on that assumption.

Either way something must be done with the difficulty adjustment, because the lag now is crippling btc network. BCH has fork tomorrow, so maybe it will be fixed by that.

But overall I am longterm hedging my bets with altcoins that are far away from bitcoin. I think if bitcoin has to fail, then there is very small chance that BCH can take over. So BCH is not longterm hedge of BTC and no blockchain or at least POW blockchain is.

Last note: if we can believe the market, which can be silly, but I do, then I think not doing Segwit2x (maybe with replay protection) was a mistake. The non2x event opened the door for BCH attack. I think now it is clear it would be good to hold as many people at one coin even at the cost of some compromises. I have no knowledge how really bad would be bigger blocks to the security. Lightning network is probably not being implemented soon so Segwit2x might have provided relief. But maybe it would open another can of worms. I am not able to evaluate.

It is for sure very interesting.

[elgoog]

Tbh I do not like how with just a little money the whole market was moved. It is more fragile than I thought.

maybe it wasn't done with just a little money?

BCH has fork tomorrow, so maybe it will be fixed by that.

BCH has a fork tomorrow?
It is just a network upgrade (difficulty adjustment) afaik

[WagerX]

1)

As a thought experiment :
Where do you think BTC value would be right now without the b@st@rd fork child that is BCH?
- Higher? $5,000? $6,000?
- The same? around $4,000?
- Lower?

Rinse and repeat. And again. and again. and again. Fork = Splintering = Less unique value.

For me, the hard forks are demoralizing. When BTH came along, my confidence was shaken. At the time I was wondering how the entire BTC community could shift so quickly. Billions of capitilization appeared out of the ether. IMO, My concern is an entire market can be influenced so drastically in such a short time. That limits what I am ready to hold in crypto.

[PROFRBcom]

My advice is now what it has been to my customers all along... If you don't have to sell, don't sell anything. If you do want/have to sell, liquidate an equal portion of btc and bch. I try to follow crypto and I know enough to know that I have no special powers in picking the winner. If you owned bitcoin and managed to get your hands on both btc and bch, I say hold them in equal proportion and see what happens. Same goes for the new bitcoin gold btg... sell in equal proportions to your other coins and let the market decide rather than trying to outguess it.