OPERATION DRAGONSLAYER

yeah, investing in crypto is basically asking "what would the masses of retards do?"

adding "muh" to someone's comments isn't a counter argument

normal people pay with credit cards. there isn't much demand for "coffee on the blockchain."

Top fucking kek.

sshh...dont alert them to whats going to happen

>one week ago
>Don't try to be smarter than the market

the fuck happened here biz? retard strength BTC just Gangnam Styled it to ath but WTF. these normie catchphrases are all over the place

fucking THIS shit!!
since when did this plebbit tier street loo become worse than pajeet discords

>Implying Veeky Forums has every been a quality board when crypto is doing well

are you having a stroke?

indeed i fucking am!
but yeah, as of late, I get the picture

>muh not an argument

en.wikipedia.org/wiki/Store_of_value

>Money is one of the best stores of value because of its liquidity, that is, it can easily be exchanged for other goods and services.

Lmao enjoy waiting days for your BTC to move nice store of value mate

this. I like how biz tries to overanalyze shit.
In the end were all in it to dump bags on other people.

...

Lmao if this is Dragonslayer what was 12/10 is that when you sold low?

>still no argument
>instead, outdated meme picture and another muh
ok

>store of value
>no longer has the fundamentals that originally gave it value

People only buy it now because they think it will rise in value. Literal ponzi scheme at this point. 2018 will be the year of Bitcoin Cash.

BCH has so much coming next year.
OPcodes coming back, poker app on the blockchain, new wallet tech, roger pushing business adoption out the ass, CSW and nchain with 20 phds and 200+ patents pending

Get ready to see what Bitcoin is really capable of corecucks. History will not be kind to you.

>2018 will be the year of Bitcoin Cash.

The moment Blockstream's BTC takes a nosedive the Bitcoin brand dies with it

>store of value
>no one can actually move it.
so, like gold but it disappears when you try to transport it anywhere
Satoshi was a genius, come to think of it

>200+ patents pending

I thought crypto was about open development of a decentralized superior currency to escape the government and banks?

Don't worry they are going to give BCH all of the patents for free. BTC is gonna get BTFOd though. This is how you stop kikestream.

yeah except lightning network will be out way before anything else takes off. that window of opportunity has passed, and you can blame only the sheer amount of random shitcoins that nothing has toppled the king yet.

>they are going to give BCH all of the patents for free.

And nobody else? Sure sound great to me for the future of cryptocurrency

If there were no bitcoin alternatives readily available, you'd be right. BCH is and has been pushing the narrative that they are the true Bitcoin. Whether or not one believes it to be true, it has the best chance of saving the Bitcoin name and retaining first mover status.

They might be friendly to other cryptos that arent competing. They won't be sharing with BTC though that's for sure. Honestly once BCH reaches its full potential shitcoins like dash, iota, ltc and monero will be worthless.

with opcodes and smart contracts on bitcoin blockchain they are going to start taking ETHs market share too

get ready to see what a real king looks like

>They might be friendly to other cryptos that arent competing.

So pretty much they're trying to take control of cryptocurrency like a bunch of faggots, got it. It's also funny you talk as if BCH is the superior alternative to everything when it's only marginally better than BTC and worse than almost all other alts. People are only attached to it because of the Bitcoin brand with it

>lightning network
too little to late. but wait, why not

LN will see similar adoption to segwit, probably less, infact. No one wants to lock up their funds on a tab payable to one entity only. I predict it will have no sizable effect on network congestion. At which point, blockstream will push their new far away solution that no doubt requires LN, and LN will have its history rewritten as an intermediate stepping stone to this even newer, farther away solution. Kinda like segwit.

I'm the meantime, BCH can already handle all the BTC network activity and more, for fraction of a penny transactions, no locking up funds required, and has increasing merchant and user adoption every day.

>lightning network
user...
It's not delivered for so long for a reason.

Exactly, the unelasicityc in suppy of btc exploiting the violatility

>So pretty much they're trying to take control of cryptocurrency like a bunch of faggots
Actually CSW aka Satoshi Nakamoto is just taking back his creation that kikestream stole and bastardized for their own patented lightning network profit motives.

>if BCH is the superior alternative to everything when it's only marginally better than BTC and worse than almost all other alts

You only think that alts are better than BTC because of what kikestream did to it. Bitcoin is Goku in episode 3 of DBZ fighting Raditz right now. Stuck with it's shitty 1MB blocks and a power level of 300. Once 1GB blocks and opcodes open up Bitcoin will be SSJ3 power level 3 million.

muh [boilerplate argument on either side of an issue that is merely repeated without adding any new nuance or depth to the discussion]

That is the purpose of muh.

Muh is useful.

BTC was destroyed. Deal with it. Move on to LTC.

except almost back a month ago
>muh store of value....
all of these fags seem to be mixing shit up.
a man who knows the price of everything and the value of nothing.....
cointelegraph.com/news/bitcoincom-to-launch-bitcoin-cash-visa-debit-card

LLLLOOOOOLLLLLL

this guy actually thinks LTC isnt just a shittier version of BTC with all of the same kikestream problems

bch and ltc shills again what a joke

>CSW aka Satoshi Nakamoto
HAHAHAHAHAHAHA

conspiracy theorists, holy shit. segwit didnt do much, it wasnt supposed to. theres hardly a reason to adopt it until LN comes out. no one even said segwit would solve all our problems. everyone every step of the way said "itll do a little bit but yeah no, this is for ln"

fools. you are going to lose all your money. at least invest in something like monero, which might survive when lightning hits, just because the only thing bitcoin wont do well at that point is perfectly anonymous transactions (though ln does make it a lot, lot harder to track).

at least go read about it from sources that arent bcash pump n dump fud posts, retards

Charlie Lee clearly stated he will increase block size in litecoin if blocks become full. He just wanted to see bitcoin chocking. It's bitcoin without current problems, bitcoin done right.

No conspiracies, mate. To open a LN channel you need to pay a fee and lock some of your funds. Fee would be like $1000, funds would be like 50%. What for? What this bitcoin can do other coins can't? Why pay this ammount of money? To save bitcoin whales?

utility counts dickheads. 10k pizza started this shitshow. without those early fuckers using as actual digital cash, we would all be fucked.
you know what the fees for a slice would be now?

any one actually, curious.

>why would you open an LN channel
Because you can buy all the coffee you want instantaneously for low fees because it's a side chain.

>BCH
Oh goodie; you have 8MB blocks and 5% of the global hash rate. If BCH got 95% of global hash rate, you'd be swamped in high fees just like BTC. Larger blocks are not a sustainable solution.

LTC is just a testnet for BTC to implement segwit and LN. Charlie Lee is kikestreams bitch. His tech doesn't do anything special and he has no big plans for it. He just got lucky that his brother worked at coinbase.

>Larger blocks are not a sustainable solution
Prove it.

>Larger blocks are not a sustainable solution.
They is. Mining pools do all the job today, and mining pools can afford big storage, fast hardware and good network connection. Blocks can be 8 Gb and network would run.

It didn’t work when bitcoin went 2mb. They got filled and the problem persists.
>oh I know! We’ll make it... 8mb.
They get filled and the problem persists.

>coin mining currently uses as much energy as Denmark.

Charlie Lee is a chink, he plays on his own.

If they had to pay $15 fees in 2010 it would be 16000 btc in fees.

When did bitcoin go to 2mb blocks? This is news to me.

It's about $8.47 for a transaction with 1 input and 1 output. Yeah, you can't buy a slice of pizza without paying a lot in fees. Alternatively, you can send $1000 anywhere in the world for less than 1% in fees.

BCH has tested gigabit blocks
your hash rate is not in perpetuity fucko
also BCH can have LN if it needs it. then what.
back to square one ay?

>mining pools do the job
That's the point; you have to pay to use the mining hardware. Right now, you poor niggers are asking miners to put your transactions on the BTC blockchain for free. Fuck you. Miners say pay the fucking fee, now pay up. You can fork as many shitcoins as you want but the reason why BTC is king is because it uses the electrical consumption of a fucking country to maintain the most secure blockchain in the world, unlike all the shitcoins.

>bch will just use LN
Hurr durr now we're back at what the fuck is the point of just adding "cash" to the end of the brand name; BTC could easily go to 4MB blocks tomorrow and BCH would be horseshit.

DPOS can maintain just this secure blockchain without extra power consumption. And miners get paid by minted coins, real transaction cost is like hundred of dollars. People just used to this ancient tech.

This is what cashies just fail to understand; some transactions are just not worth enough to be on the main chain for free, which is why fees are used to discriminate between valuable transactions and spam. The solution to lowering the fees isn't increasing the block size, it's increasing the hash rate.

You realize that as more people use bitcoin with bigger blocks, the miners still make a lot of money per block even though the fees per transaction in the block are low.

Also, if you support miners then why would you be for LN? It takes all the fees away from the miners. As time goes on and more halvenings happen it is an economical fact that BTC will die unless each tx has $1000 fees.

>proof of shit
Nobody wants that crap you can just fork it to oblivion. Proof of work is the only thing that counts because it requires actual investment, which ties the asset to reality.

>BTC could easily go to 4MB blocks
Problem is they not, because everyone invested in ETH, LTC or some other shit. Just admit it: blockstream want to cripple bitcoin.

It didn’t, I fucked up.
The point is that block size consistently increased until it was capped at 1mb - it increased to accomodate higher tx volume.
If the approach is to simply raise block size for eternity it doesn’t take long to see how that could be unsustainable. For example if we wanted to accomodate tx volume like that of Visa. What do we go to? 6gb blocks? Then 8, 10, forever until it outpaces the available hardware.

good taste user

so he is forking litecoin to create litecoin cash?

No one can fork it, there is already shittion of big DPOS blockchains. Never hacked or something. Steem survived all kinds of attacks.

>muh memes need to be up to date
Epic fail

>LN takes all fees away from miners
LN channel owners will never do that because the security of the network is maintained by the large global blockchain, just like how it is in every pools' interest never to go over 40% of hash rate.

>BTC will die unless each tx has $1000 fees
That's the point; you just don't understand how settlement layers work in modern banking. If there are LN channels that can handle daily transaction volume and then settle accounts on the main chain at the end of the day, BTC itself can be millions generating millions in transaction fees but the average end user fee will be cents per dollar.

What does that matter? The core team has shown themselves incompetent and has lost a great deal of goodwill in their mistreatment of the people building infrastructure for bitcoin.

i get it.
was wrong to say that but i said *can*, But it won't have to because it's not needed.
who care's at this point. we pick a team.
i love it but fuck me has it gone wrong somehow

Please look up Moore's law.
When I was young, the idea of a terabyte harddrive sounded insane. You could x4 block size today, cut through the mempool in less than a day, and you wouldn't need that much more space. the blockchain today is like 150 gigs.

I don't think that ever happened; but that's exactly what would happen. All you "high txn fee" faggots are saying is that there is incredibly high demand to transact transfers on the BTC blockchain, since it's the most secure with the highest hash rate. That's a good thing for BTC, not a bad thing. You can be a moron like Roger Ver and bitch about some subhuman apefricans not being able to buy a goat without paying $8 transaction fees, but frankly nobody in the world gave a shit about apefrica to begin with. This is about getting the fuck out of monopoly money fiat.

>The point is that block size consistently increased until it was capped at 1mb
Also not true. I suggest you do better research into the history of BTC. A 1mb cap was only ever introduced because it was cheap to spam the network in the early days. The 1mb cap has been there for years, even when there was only 30KB of transaction data per block. A year ago we started getting full blocks and core refused to increase the blocksize. This spawned the creation of altcoins that took half of BTCs market share and then eventually lead to BCH fork.

This idea that every desktop in the world should be mining bitcoin is absurd. 99% of users will never care about that, they just want to spend and receive money safely and without hassle. Miners make millions in profit, they can afford large disk space and bandwidth infrastructure. I don't see the problem.
>but muh centralization
You don't think there will be some American startups investing hundreds of millions into server farms when they are guaranteed to make huge predictable profits year after year?

Yep, he will do hardfork on main chain to increase 1 mb limit if (then) litecoin blocks become full.

deleted post because you corrected yourself. Over most of BTC's lifetime, it had empty blocks. Full blocks are entirely new, and with it came increased TX fees.

>Moore's law
>Hurr let's have 8GB blocks just so we can handle people sending a dollar back and forth
Why do you literally refuse to admit that fees stop spam transactions? If you want to send change back and forth for zero fees, use dogecoin.

Why do his teeth look so weird? What's up with that?

I'm getting ~1-3 bucks fee for an 8 dollar slice of pizza.

I'm pretty sure you are a paid core shill at this point. Either that or you are a typical brainlet.

You are promoting a blockchain technology where you are okay with a $1000 fee if you need to perform any transaction on the blockchain, forcing all average users into a layer 2 settlement system if they want to use it at all. Why even have the blockchain anymore? Why not just give all holders of BTC a 1 to 1 transfer of Lightning Network Bucks and be done with it?

>forcing average users into layer 2
>forcing
Fucking communist faggots think they are entitled to being on the BTC blockchain just because they own a satoshi. Pay up nigger, if you can't afford to be on the blockchain you can't afford it. Nobody wants to mine bcash because you communist niggers don't want to reward miners for hashing.

>Let's keep the network clogged to stop spam transactions that would clog the network
This is your logic.

Look at the history of bitcoin, it has had mostly empty blocks until very recently. Full blocks are new.
Let people try and spam the network, it still costs money to do it. Let them use bitcoin however they want, but make it actually usable.

If you pay the fee, you get a spot. More space in the block, more space available for everyone, cheaper fees all around. Doesn't matter if you're spamming or just buying coffee. The network can handle it.

It’s not so much about the chain size it’s the hashing power. Also we have a problem if the difficulty accelerates faster than technological advancements.
And moore’s law isn’t infinitely applicable to the future. Advancement is slowing down. We cannot assume that tech will continue to advance at the same rate it did historically.

Difficulty is based on how much hashing network is available on the network, recalculated roughly every two weeks to go higher or lower. It's impossible for what you described to happen. Please understand how difficulty is calculated before you try to argue.

inb4 dogecoin becomes store of value
DGB become Doge silver

>$1000 fee strawman
It costs $8.47 USD to make a 1 input 1 output transaction right now and have it confirm in 6 blocks. Let's round that to $10, that means it costs ~0.05% in fees to transfer 1 BTC from Person A to Person B. If you want $1000 txns fees, that means BTC will be worth $1.7 million apiece. By that point it's not meant to be used for buying coffee and there will be a layer 2 whether you like it or not, even if that's just using LTC instead of BTC.

>full blocks are new
Yeah, people were able to shoot BTC around for free when it was an emerging technology. Now people actually want to use this shit, and naturally it became more expensive to do so.

>more space in the block
>cheaper fees
Yeah, by punishing miners by retroactively changing the fucking agreement that we all trusted when we bought this damn shit in the first place. That is why you don't get the brand name, because you're not the same coin. You're bcash. Honor your contracts you dirty chink.

Whis is so stupid i think you either trolling or a shill. Fee has nothing to do with coin price. Some people just can't afford to transfer their money and not transfer/abandoning bitcoin.

>That is why you don't get the brand name
Roger Ver has a brand and a fucking bitcoin dot com website. Core team has a github page instead. If only Roger was not so retarded he already can has bitcoin associated with his own software.

Miners don't seem to have a problem mining BCH while it's more profitable to do so. I thought anti-cashers hated miners anyways? Suddenly you think BCH is punishing them?

BCH far and away has a better claim to the Bitcoin name than BTC does, as described in the white paper, which could be described as the "agreement you all trusted when you bought this damn shit in the first place". You're really grasping at straws now, aren't you?

Bitcoin became what is it today because of cheap and timely transactions, and you think that those aspects should magically disappear because it has become more valuable.

>Fucking communist faggots think they are entitled to being on the BTC blockchain just because they own a satoshi. Pay up nigger, if you can't afford to be on the blockchain you can't afford it. Nobody wants to mine bcash because you communist niggers don't want to reward miners for hashing.

Meanwhile somehow the owners of 80% or so of the total hash power ideologically back bitcoin cash instead of bitcoin core. The only big pool not doing so is slushpool. Really makes you think.

>fee has nothing to do with coin price
Holy shit you deserve to lose all your money.

>if only Roger was not so retarded
Congrats on this, seriously.

>when its more profitable
Exactly; except it's almost never more profitable to mine BCH, especially now that the DAA adjusts. You'd need Roger or Jihan to actually put all their money where their mouth is and dump their entire BTC holding for BCH. When that happens, I think we'll all know, until then they're just two-timing you.

>BCH is more like BTC white paper
The whitepaper said 1MB blocks.

>the total hash power backs BCH
>the total hash power is 95% on BTC
Pick one.

I don't own any bitcoin since all this fee drama emerged, sorry. I can't even pay for domains on namecheap with bitcoin as I was used to do for 4 years. And fee has nothing to do with price, and depends only on how many users want to transfer their money with bitcoin at the moment. You can see huge drop in backlog: this is actual user abandon bitcoin. Now bitcoin used by speculators only, who don't care about tech and would short the shit in two first days of next bear market to the 0.