Anons just how fucked is BTC because of the recent change in BCH? I've been...

King_Martha
King_Martha

Anons just how fucked is BTC because of the recent change in BCH? I've been reading this paste about the BTC and BCH war and it made me wonder why core fanboys are already claiming victory when the shitstorm has only begun.

https://pastebin.com/D09wHy2W

All urls found in this thread:
https://pastebin.com/D09wHy2W
hairygrape
hairygrape

@King_Martha
my thoughts exactly. I hold both. but for them to dismiss entirely is just stupid

Techpill
Techpill

@hairygrape
spoken like a true corecuck

Evilember
Evilember

Just buy both

It's ridiculous how many core onlys you see stressing out 24 7

SniperWish
SniperWish

@King_Martha
Real question is will miners continue to swap hashrate. If they do, core is possibly in trouble with their less adaptive difficulty.

TechHater
TechHater

I can't figure out if all the people on r/btc are fake, shills or genuinely so bad at critical thought that they can't make a decision for themselves.

I have not seen one rational argument for keeping the blocksize at 1mb other than node centralisation which isn't even reasonable considering moores law and possibility of node rewards, especially against the alternative of $1000 fees and hour long confirmations

BinaryMan
BinaryMan

@SniperWish
Real question is will miners continue to swap hashrate.
Why wouldnt they though? I mean shouldnt they only try to maximize profits?

FastChef
FastChef

@SniperWish
inconsistent variable difficulty

shitcoins have been banned from exchanges for exactly that

Supergrass
Supergrass

@TechHater
Arent people in that reddit board r/btc pushing for bigger blocks? I think you're referring to r/Bitcoin

Sir_Gallonhead
Sir_Gallonhead

@Supergrass
yeah that's what I meant

girlDog
girlDog

@King_Martha
because no one trusts BCH anymore. Even if it moons everyone will sell at breakeven/profit and jump back in BTC or even ETH if BTC blocks up.

5mileys
5mileys

kek

askme
askme

@girlDog
this

Poker_Star
Poker_Star

@girlDog
@askme

why does no one trust bch?

Carnalpleasure
Carnalpleasure

@girlDog
@askme
Errr i actually was expecting a more unbiased discussion.

@5mileys
I dont think you understand the pastebin paste bro

Emberburn
Emberburn

@Poker_Star
because of the korean market manipulation these last few days and also because word of mouth and stories of JUST!

Emberfire
Emberfire

@5mileys
DAA will take a few days to smooth out the non-10min average blocks BCH has had before the DAA was activated. Expected process

StonedTime
StonedTime

@Emberfire
This will be an absolute shit show in the following days. I cant believe BTC core is pretty calm about this.

Spazyfool
Spazyfool

@StonedTime
well i hope you are right for the sake of my bags but i seriously doubt it.

5mileys
5mileys

@Spazyfool
Regardless the best option right now is to wait and see what the hashrate does in the coming days. BCH seems to have settled down ~1200 for now.

If the BTC mempool clears to nothing they'll be safe, but if things start getting congested again it'll start dropping.

TreeEater
TreeEater

@King_Martha

best hodler is obviously ETH right now.

PackManBrainlure
PackManBrainlure

BTC core are all idiots, i've been in a few discords and they are all dumb normie hype train riding brainlets. They don't understand that this is only the beginning of the flippening. Bitcoin Cash has so much new tech being released in the coming months, I am telling you now that the flippening is still happening, and if you have more BTC than BCH in the in Q4 2017, and Q1 2018, you aren't going to make it.

A lot of the technology they are rolling out is highly price sensitive and they cannot disclose it to the public yet, but they have strongly hinted at it, and it is being whispered around in crypto meet ups with Bitcoin Cash spokesmen e.g. Roger and Craig STRONGLY hinting at it.

These people are moving into BCH in the coming week and then after that BCH will slowly gain more and more traction against BTC. Core cucks won't even know what hit them because it will be a gradual decline.

This is Baba, but i can't be fuckking bothered to pretend. Just know that this is the conclusion I have come to, and I have bought back into BCH after taking profits during the pump.

KAKAKAKAKAKA

Burnblaze
Burnblaze

Couldn't core just push out a quick update that makes it variable as well if it really all came crumbling down due to a 10% profit difference?

TechHater
TechHater

@Burnblaze
i think that might be the overall plan.. force BTC into a fork before 8k or 10k

eGremlin
eGremlin

@Burnblaze

No you dumb core brainlet, because this would PROVE BCH RIGHT. The only arguement BTC has right now is that it was a hostile take over and that the users did not support it. If BTC core tried to do the same thing, literally everyone would immediately jump over to BCH.

Stupidasole
Stupidasole

@King_Martha
The pastebin post was already taken down by this post here: /biz/thread/4354548#p4356759
Basically it is built on a false premise and collapses under scrutiny.

Nojokur
Nojokur

@PackManBrainlure
Yeah among all this shit on Veeky Forums, I really hope you BTC hodlrs are buying atleast SOME BCH.

I went all in at 740 so fairly cozy ATM.

Booteefool
Booteefool

@Nojokur
how long ago was that?

farquit
farquit

@Nojokur
Do you think it was a coincidence that the korean exchange crashed directly at that time?
The pump did it's job and now BCH is on the top of everyone's minds. When the new Tech roles out, the gradual adoption would eventually lead to the straw that breaks the camels back.

viagrandad
viagrandad

@Stupidasole
So the only thing that would save BTC in such a case is miners not acting rationally? because thats the only thing that brings the pastebin argument down. Im not really feeling comfy with that.

Bidwell
Bidwell

@Stupidasole
False premise being miners aren't all greedy? BCH has already had ~60% of miners mining it in the past, at the very least they will switch to BCH if its price ever pumps up, or if BTC price dumps. God forbid both happens, which will only take a few whales to do. It's a ticking time bomb, everything up to this was just the warm up show.

StonedTime
StonedTime

This is what it looks like right now.

Nude_Bikergirl
Nude_Bikergirl

@StonedTime
Like the other user said, its expected for a few days. Then the real war will begin.

Spamalot
Spamalot

I don't quite understand.

If the majority hashrate will go to Cash because of the price drop of BTC or a Cash jump.

Won't this new state only last for 10 minutes?

Wasn't the purpose of the BCH fork to maintain a 10 minute block time it will adjust difficulty every 10 minutes?

So if in the next 10 minutes Cash goes down or BTC goes up again. Won't difficulty just re-adjust to the new price fluctuation? And therefor hashrate returning?

Pls explain.

Poker_Star
Poker_Star

text says. That if transaction time slows Down because of less hashrate. Price will drop and therefore going into a negative spiral. I don't think this true. Hashrate follows price. Price don't follow hashrate. Yes maybe in the case if the transaction stops all together. You saw that two days ago. Btc price dipped. But jumped up again from 5500 usd despite transaction time still slow, hashrate still low and mempool still clogging up. So in this new bch algorithm with this price jump. Won't it just readjust difficulty?

TalkBomber
TalkBomber

@Nojokur

Never sold my fork coins. Pretty depressed at the thought of this being taken from autists and given to sociopaths.

Fried_Sushi
Fried_Sushi

what's better in means of a non-loose strategy:
1. convert into fiat and let this storm calm down
2. hold both at equilibrium
3. stick to btc

hairygrape
hairygrape

@Fried_Sushi

Holding both at equilibrium is the safest strategy.

viagrandad
viagrandad

@TalkBomber
you mean like when blockstream hijacked btc?

GoogleCat
GoogleCat

Transactions are starting to clear on BTC. All the people who previously could not to panic sell because of stuck transactions will have the chance to sell this time if price drops again

Fuzzy_Logic
Fuzzy_Logic

@viagrandad
They're autists. They thought they could herd anarchists. They didn't e.g. lie about being Satoshi, quote Ayn Rand, build mining cartels.

Methshot
Methshot

10-20% slower hashrate. Won't dip the price. Price don't follow hashrate. Look at the weekend. Transactions took 4 days to confirm . Price still held steady at 6k. Look at BCH it has has slower hashrate now, 1 hour average to confirm. Price still holds at 1200. By that guys theory BCH is in a negative spiral right now and dying. And Read up on the BCH fork guys. This fork is intended to prevent the major hash rate fluctuation to happen again. So both chains will get hashrate. At times btc will be a bit slower, but never again like the weekend.

Emberfire
Emberfire

@Fuzzy_Logic
if you think the bilderberg nwo takeover of btc is preferable to bch youre absolutely deluded

LuckyDusty
LuckyDusty

@Methshot
Price still held steady at 6k
it didnt

BunnyJinx
BunnyJinx

@LuckyDusty
It did. Average 6k (5500-6500) even with 170k unconfirmed transactions pilling up it bounced from 5500 to 6500.

Boy_vs_Girl
Boy_vs_Girl

@TechHater
I have not seen one rational argument for keeping the blocksize at 1mb

Increasing the blocksize is not a scaling solution ,you can’t process visa level transactions with a blocksize increase

MPmaster
MPmaster

@5mileys

This can change at any time.

I'm really conflicted because the scenario described (poorly) in the pastebin is actually very plausible, and I'm holding some BCH so I'll profit short term.

But the reality is if BTC enters a death spiral crypto is going into a bear market that will last for years.

viagrandad
viagrandad

@LuckyDusty
If you believe this guys story of losing 10-20% hashrate will bring btc in a negative spiral . BCH is dying right now too right? . Clearly you don't think that too right.
Why not... ? Cause difficulty will adjust.

takes2long
takes2long

Guys, I warned you about chain death spiral scenario for months. Nobody listened

askme
askme

/biz/thread/4305588#p4306666
The only truth

FastChef
FastChef

@Emberfire

OK Alex.

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