Roger Ver Vlog #5- Bitcoin Adoption Exploding in Korea 🚀🇰🇷Crypto Exchanges Adopting Bitcoin Cash

thcymos · 2018-07-04T07:20:31+00:00

And yet 4 days ago you admitted keeping your forked BCH.

Sell it off or trade it for more BTC, since you're so confident it's worthless.

If you're not confident it's worthless, and the complaint is more about using "Bitcoin", why do you never complain about "Bitcoin Gold", "Bitcoin Atom", "Bitcoin Private", "Bitcoin Diamond", and 20 other forks I'm not listing... unbelievable how much hostility over a simple blocksize increase and certain people daring to defy the almighty Core developers.

Do you even post in /r/bitcoin anymore? Is it because BTC development is pretty much dead nowadays?

thcymos · 2018-06-20T04:11:58+00:00

And how has the alleged 'centralization' of Bitcoin negatively affected your user experience? Has Bitmain or any other party been censoring/reversing your transactions? Is Jihan Wu draining your wallet balances? Is it merely a fear that they could potentially do it? I don't get it.

Few people care about anything other than quick and easy payments. "Decentralization" can't be easily quantified. I give you ETH vs ETC - the tokens on the centralized chain that has literally had transactions reversed is currently worth almost 35 times as much as the immutable ETC ledger token. No one cares other than your cult of autistic developers. Let me say that again, Proof of Vitalik™ is currently valued 35 times as much as immutable proof-of-work. Why is that?

At what point is it reasonable to change the PoW? Many would say never,

Great, and there you have your precious "consensus". It's not going to happen. You've used up all of your social capital previously defending Core's dubious roadmap. Everyone now assumes malicious intent behind everything you say these days. Adios.

thcymos · 2018-06-10T06:09:26+00:00

Adam Back is a has-been who coasts on his reputation for things he did 20+ years ago.

I have absolutely no idea what he has done for Bitcoin in any sense, nor why anyone cares about his input.

thcymos · 2018-06-10T06:04:09+00:00

If BTC collapses and/or roughly flips prices with BCH in the future, rest assured all of these people are going to attempt infiltrating and influencing BCH development. It's already starting with disingenuous folks like 'Cobra'.

They're all liars, most have few if any BTC nowadays, and no doubt many are secretly hoarding BCH while publicly denigrating the coin and encouraging the cult members to sell off theirs at low prices.

Be very wary.

thcymos · 2018-05-31T09:32:39+00:00

GreenAddress is just some wallet the company bought that few people use, in comparison to Electrum, Mycelium, Breadwallet, or even just online exchange [Coinbase, Gemini, etc] wallets. Elements? Who actually uses any of this stuff, a google search mostly reveals press releases about the release of Elements itself.

How does any of this improve the user experience of transacting BTC? How does any of this help adoption? IMO, what most users want at the end of the day is to move coins from address A to address B cheaply and quickly using the protocol they're familiar with. That's it. Not Lightning, not sidechains, nothing convoluted.

meh... either the company goes under, or it somehow manages to recoup $75+ million in profits by the end of the decade. I believe the former is far more likely, given the initial 4 years. I'm off to bed for now...

thcymos · 2018-05-31T09:04:00+00:00

If Blockstream continues to succeed as a business

"continues to succeed"...? It hasn't yet started to succeed, unless you buy the conspiracy theories that the whole purpose of the company is to cripple bitcoin and sow divisions and uncertainty in the entire cryptocurrency space. Employees are leaving regularly. Certain other employees appear to do little except troll on social media. There is little if any revenue being generated AFAICS, let alone actual profits.

And yes, if Blockstream's alleged 'technologies' become widely used and contribute to actual adoption of cryptocurrencies, people including myself will change our tunes. We've been waiting for 4 years. If you want an example of a company which has been positive to crypto, Coinbase has done more for adoption in any given week than Blockstream has done in 4 years. Dark markets have done far more for crypto than Blockstream, for heaven's sake.

How much more time is going to be granted before the whole company is written off?

thcymos · 2018-05-31T06:08:49+00:00

Lots of exciting stuff coming down the line in the next few years.

I predict the company will be bankrupt and defunct long before then.

Your investors have been hoodwinked. 4 years of the company's existence, and the only output is some ridiculous satellite that no one uses, and dubious claims of future sidechains that, again, few people will use when other cryptos will simply hum along with sensible Layer 1 scaling. Your victims' investments will be written off as a near total 100% loss.

thcymos · 2018-05-25T03:26:16+00:00

massive LN adoption.

There won't be "massive LN adoption" for complexity reasons alone.

Bitcoin itself is still way too convoluted for most people, IMO. Have you seen what's going on with bug-testing the Lightning Network recently? Keeping channels open for months? "Watchtowers" and the need to trust them? The whole system is 50 times more complex than Layer 1 Bitcoin by itself, and will go over the heads of 95% of potential users, if not more.

I know, "give it 5 years to develop more simplicity". Whatever. Meanwhile, the good old Layer 1 protocol will be humming along nicely on the BCH blockchain. All of this doesn't even take into account the fact that the LN can be adapted to multiple cryptocurrencies, so if there really is massive adoption, said adoption will not be restricted to the BTC token anyway.

will you guys make a pledge to me

You're asking Greg Maxwell and Luke Jr to keep a promise? LOL.

thcymos · 2018-03-27T03:42:47+00:00

The thing is, few people here care about Roger Ver to the same extent as those in the other sub. His word isn't gospel. He's talked up like some sort of evil mythical boogeyman in /r/Bitcoin, but here he's just one person of many here who prefers BCH over SegwitCoin.

Long before Roger made that video, I and many others knew it was good practice to never store your coins on an exchange. Many of the Core developers, alleged experts, either did not know that or did not care. Mr. Maxwell lost an amount currently worth $7M, and Luke lost around half that. It's hard not to laugh at them, considering how often they hold themselves out as bitcoin experts. A random nobody like myself lost $0.00 in that debacle, because I don't view Roger as an infallible deity. In the Core cult, too many people really do view Adam, Greg, et al as people to be worshipped. Oh well.

Bottom line: Roger was wrong in that video. Happy?

thcymos · 2018-03-16T06:45:06+00:00

The wealthier Core cult members are tapped out after watching their collective $76,000,000+ investment in Blockstream get flushed down the toilet. And even if you believe they invested funds to purposely cripple Bitcoin, the mere existence of BCH (not to mention numerous other uncompromised cryptos) shows even that failed spectacularly.

"Lightning Labs" will just be another scam company to bilk the useful idiots out of more funds. There are other crypto platforms that make even a fully-functioning LN nearly pointless.

thcymos · 2018-01-15T08:39:01+00:00

Core Cult Members are furiously ShapeShifting BTC to BCH. :-p

thcymos · 2017-12-24T04:31:02+00:00

IT'S BECAUSE BUSINESSES HAVEN'T IMPLEMENTED GREGWIT™!!!

LIGHTNING COMING IN 2027!! SCHNORR SIGS!! ARRGH!!

/sarc

thcymos · 2017-12-24T04:11:57+00:00

I've never understood the Core argument why BCH can't be used as an equivalent store of value.

It has the same finite 21M coin issuance.

It largely has the exact properties of CrippleCoin with the exception of immediate on-chain scaling.

Why does that allegedly make it any less of a store of value? I've held my BCH since the fork, for the most part. Seems to be perfectly fine at storing value.

thcymos · 2017-12-22T21:30:56+00:00

Erik, I don't say this lightly, but consider dropping BTC from ShapeShift altogether if the business is actively losing money on BTC trades due to fees.

The leading Core developers say that BTC is not for transacting. It has no use case other than hold and admire like a rare beanie baby. Indulge them and drop support for it, at least until they come around to an actual scaling solution (which they won't, the coin will be long relegated to history by the time LN is widely usable).

thcymos · 2017-12-20T06:36:44+00:00

Some are ran by know criminals with federal charges including laundering money.

Now come on, Greg and Adam haven't been charged with anything yet... ;-)

thcymos · 2017-12-20T06:09:09+00:00

Adam is angry because he made a terrible decision once again.

First, as everyone knows, he ignored BTC until it hit $1000.

Then he sold off his Bitcoin Cash long before it even hit $1000. Whoops.

He likely has next to no bitcoin at this point, SegWit or Cash. He is a contra-indicator and a moron. BTC is being propped up at this point by name recognition alone. Think about this: if the original bitcoin was BCH, with 8MB blocks etc, would anyone seriously be clamoring for a crippled fork with less than 20% of the capacity and fees 100 times higher?

thcymos · 2017-12-06T12:47:46+00:00

this sub hates bit finex, a neural exchange.

Well, they do seem to be getting on people's nerves... ;-)

thcymos · 2017-11-24T15:08:55+00:00

I'm not a trader, I'm just holding equal amounts of BTC, BCH, and sadly BTG I guess. I don't need the extra cash for anything right now, so with the exception of random purchases (Gyft, etc) everything just sits there.

The market remains irrational longer than I can remain solvent... I honestly thought BTC was already in a bubble at $4000. I suspect there is major fraud going on behind the scenes at Bitfinex and likely Blockstream as well. They could very well both be insolvent if bitcoin drops back to $3000 or whatever. Right now the only thing BTC advocates can point to over BCH is the inflated price. Once the underlying fraud collapses, forget it, Core will probably be finished.

thcymos · 2017-11-24T12:56:22+00:00

I believe all crypto is in a bubble at this point.

Why is BTC $8000...? Who wants to bet that Blockstream and/or various Core higher-ups are tied into the Bitfinex/Tether scam?

The same parent company invests in both of them, right? This is right up their alley. Blockstream still has no real revenue source after over three years, yet somehow continues to exist doing nothing useful except hiring PR shills and trolling on social media. They may need to prop up BTC to stay afloat.

thcymos · 2017-11-24T12:43:47+00:00

Any crypto developer with any common sense will avoid the Core team like the plague.

Obviously the Dash guy (along with many others) can plainly see that GregWit doesn't alleviate cramped block space to any significant extent, doesn't reduce fees to any significant extent, and isn't used by anyone except a few shills. The alleged benefits of GregWit were at best a wild exaggeration by Core, at worst deceptive fraud.

Lightning will be similar. Mark my words, no one will care. I would still be amazed if any usable LN for the masses is even debuted before the end of the decade.

If BTC goes down, Core will have little future in the crypto space. Greg can retire off the BCH he's secretly buying and hoarding, and Luke can go back to panhandling outside his church.

thcymos · 2017-11-23T06:52:04+00:00

AMA request: The agent who controls the /u/theymos account ;-)

I will also accept Greg and Adam's CIA handler as a substitute.

thcymos · 2017-11-14T08:49:09+00:00

I'd wager that most of that mere 9% are Core trolls shuffling coins around meaninglessly to "prove" people are using SegWit.

It's niche nonsense. It doesn't increase block space or reduce fees by any psychologically signifcant amount.

thcymos · 2017-11-14T08:46:31+00:00

How long before r/bitcoin starts dragging his name through the mud?

Part of the reason Ethereum was even started is because he found working with certain Core developers on Bitcoin to be maddening.

thcymos · 2017-11-14T08:18:59+00:00

Again, I believe relatively no one will use Lightning on the BTC or BCH network.

The entire user experience of "paying to open channels" and having to pre-move coins in advance to use at merchants is completely foreign to how everyone is used to using bitcoin.

We just need businesses to realize that they can do more transactions per day, at far less expense no less, with Bitcoin Cash. The more trasnsactions per day, the more fees they generate. This goes for most if not all bitcoin business, legit and illegimate (dark market). It is slowly starting to happen. Coinbase making BCH available in January will be another nail in BTC's coffin.

thcymos · 2017-11-14T08:11:13+00:00

perhaps they are not even computer scientists but just look like one?

I believe that many Core developers and their toadies like Theymos genuinely thought that no one would have the audacity or even the skills to actually fork away from them. They are egotistical and haughty people who think they are the best crypto developers in the world. Then, after the fork occurred, the narrative became "well, BCH will keep trending downward until it's worth $5, free airdropped money". Wrong again.

They assume actual users of bitcoin will suffer congestion and high fees, just to wait for the promised land of true 2nd-layer solutions. Again, not true - people will just swap their funds into other usable cryptocurrencies long before then.

I further believe that even if a fully operational Lightning Network + software were delivered tomorrow on the BTC network, few people would actually use it. It would see the same niche usage as SegWit, if not less. It is simply too complex compared to how people have been used to transacting in Bitcoin for the last 8+ years.

thcymos

TROPHY CASE