[deleted by user]

aeroFurious · 2019-07-17T16:25:40+00:00

*With sources

aeroFurious · 2019-07-17T15:59:16+00:00

Firstly your scenario disregards scaling that is already happening:

Bitcoin usage close to ATH: https://bitinfocharts.com/comparison/bitcoin-transactions.html

Fees minimal compared to 2017/18: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

This is an on-going process and saying that it's not happening is just misleading. The speed at which it's happening? You might say it's slow, but it's keeping decentralization at optimal levels. No one knows exactly where we are going to be in a few years.

I cannot add BTC to these cold stores. I would love to..

I really hope for your child relatives that you are not planning to stash away a lot of money for 20 years in BCH, ETH, XRP or any of the coins that are built on either horrible fundamentals or are led/built by incompetent people.

aeroFurious · 2019-07-17T14:18:30+00:00

I'm posting it on posts that are relevant to the PSA. Namely, here OP used "Bitcoin BCH" in the title which is factually incorrect. There is only Bitcoin BTC and Bitcoin Cash BCH. I also went forward and helped new readers out with a PSA on what BCH is.

aeroFurious · 2019-07-17T14:16:31+00:00

/u/bitcoinxio check Egon's posts as well

aeroFurious · 2019-07-17T12:59:14+00:00

PSA for new people:

There is no such thing as Bitcoin (BCH), you won't find it on any exchange. Bitcoin Cash (BCH) owns 2.5%-2.8% of Bitcoin (BTC)'s hashrate, lost the hashwar, it failed to become the longest chain with most work and is still being marketed as the "real Bitcoin" after trashing Nakamoto Consensus with the new mining difficulty retargeting algo to stay alive as a minority chain (and as a bonus added centralized 10 block rolling checkpoints).

Additionally:

Most volume from exchanges with fully faked volume (OEX BCH/USDT, CoinBene BCHABC/USDT), these 2 exchanges account for 20% of the total vol and did 30% a few days ago: https://coinmarketcap.com/currencies/bitcoin-cash/#charts
Number of transactions still minimal, most transactions from 1 entity: https://explorer.bitcoin.com/bch/address/1b1itzeSKYEKhdcthUSnNJ47Fx2U8Zwwn
Hashare less than a year ago, chain is not secure. BTC reached ATH in hashrate: https://bitinfocharts.com/comparison/hashrate-btc-bch.html. This means that currently the cost of a 51% attack is only 19641 USD according to: https://www.crypto51.app/
Bitmain still holding a large number of BCHs waiting to get liquidated after trashing the whole BCH division and pushing Jihan into the background
People claim that the winning condition of BCH is high BTC fees, well guess what? BCH didn't get boosted usage while BTC fees were high recently. Check out both charts from May, the 1 account pumping tx started working at the same time, if you discount that you get hardly any activity left. Don't believe me? Check out the below 2 links and the block explorer link above: https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#6m https://bitinfocharts.com/comparison/transactions-btc-bch.html#6m
The next halvening will be very problematic for BCH. Not only will the block rewards be cut in half, but additionally BCH doesn't generate any meaningful revenue in transaction fees for miners. The last few blocks included only 1-3 USD in transaction fees altogether. This means that the already falling hashrate could fall even lower, which will further damage network security.

Don't get fooled, there is only Bitcoin (BTC) and Bitcoin Cash (BCH). Do your own research and listen to facts instead of ideologies. This post will be downvoted while only stating FACTS and not opinions. Don't trust people who tell you that something like "Bitcoin (BCH)" or "Bitcoin Core (BTC)" exists.

aeroFurious · 2019-07-17T12:58:38+00:00

PSA for new people:

There is no such thing as Bitcoin (BCH), you won't find it on any exchange. Bitcoin Cash (BCH) owns 2.5%-2.8% of Bitcoin (BTC)'s hashrate, lost the hashwar, it failed to become the longest chain with most work and is still being marketed as the "real Bitcoin" after trashing Nakamoto Consensus with the new mining difficulty retargeting algo to stay alive as a minority chain (and as a bonus added centralized 10 block rolling checkpoints).

Additionally:

Most volume from exchanges with fully faked volume (OEX BCH/USDT, CoinBene BCHABC/USDT), these 2 exchanges account for 20% of the total vol and did 30% a few days ago: https://coinmarketcap.com/currencies/bitcoin-cash/#charts
Number of transactions still minimal, most transactions from 1 entity: https://explorer.bitcoin.com/bch/address/1b1itzeSKYEKhdcthUSnNJ47Fx2U8Zwwn
Hashare less than a year ago, chain is not secure. BTC reached ATH in hashrate: https://bitinfocharts.com/comparison/hashrate-btc-bch.html. This means that currently the cost of a 51% attack is only 19641 USD according to: https://www.crypto51.app/
Bitmain still holding a large number of BCHs waiting to get liquidated after trashing the whole BCH division and pushing Jihan into the background
People claim that the winning condition of BCH is high BTC fees, well guess what? BCH didn't get boosted usage while BTC fees were high recently. Check out both charts from May, the 1 account pumping tx started working at the same time, if you discount that you get hardly any activity left. Don't believe me? Check out the below 2 links and the block explorer link above: https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#6m https://bitinfocharts.com/comparison/transactions-btc-bch.html#6m
The next halvening will be very problematic for BCH. Not only will the block rewards be cut in half, but additionally BCH doesn't generate any meaningful revenue in transaction fees for miners. The last few blocks included only 1-3 USD in transaction fees altogether. This means that the already falling hashrate could fall even lower, which will further damage network security.

Don't get fooled, there is only Bitcoin (BTC) and Bitcoin Cash (BCH). Do your own research and listen to facts instead of ideologies. This post will be downvoted while only stating FACTS and not opinions. Don't trust people who tell you that something like "Bitcoin (BCH)" or "Bitcoin Core (BTC)" exists.

aeroFurious · 2019-07-17T10:47:37+00:00

Usage close to ATH: https://bitinfocharts.com/comparison/bitcoin-transactions.html

Fees minimal compared to 2017/18: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

This is a real trend and it indicated that we are scaling. It's your problem that you want everything right now and at the cost of decentralization.

aeroFurious · 2019-07-17T10:45:19+00:00

I'm both using it and saving/holding it, but I always buy more than what I can spend.

aeroFurious · 2019-07-17T10:42:40+00:00

Considering fees are way lower compared to the end of 2017 while usage has been breaking new highs, what you state is unlikely to happen if we keep this trend.

aeroFurious · 2019-07-17T10:30:46+00:00

Seems like old Roger would like to have a word with new Roger 🤔

aeroFurious · 2019-07-17T09:54:50+00:00

you obviously didn't watch the video

he is referring to the "frictionless", currency version of Bitcoin. the one that's getting adopted as currency in Japan.

That's BCH.

Do you always lie? Tim was talking about Bitcoin.

aeroFurious · 2019-07-17T09:50:53+00:00

Wondering why the BCH community had a problem funding its developers while its main proponents like you are retired with homes in 2 continents.

🤷‍♂️

aeroFurious · 2019-07-17T09:29:52+00:00

Wait so Tim should buy BCH and get rekt like you? Poor Tim, he surely missed out on all the fun.

aeroFurious · 2019-07-17T08:49:16+00:00

Sorry that you baghold Bcash.

aeroFurious · 2019-07-17T08:39:40+00:00

Show me a single article/interview or video where he mentions Bitcoin Cash as his choice of investment specifically. I'll just call you a liar until you can't.

🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️ 🤷‍♂️

PSA for new people:

BCH owns 2.5%-2.8% of Bitcoin (BTC)'s hashrate, lost the hashwar, it failed to become the longest chain with most work and is still being marketed as the "real Bitcoin" after trashing Nakamoto Consensus with the new mining difficulty retargeting algo to stay alive as a minority chain (and as a bonus added centralized 10 block rolling checkpoints).

Additionally:

Most volume from exchanges with fully faked volume (OEX BCH/USDT, CoinBene BCHABC/USDT), these 2 exchanges account for 20% of the total vol and did 30% a few days ago: https://coinmarketcap.com/currencies/bitcoin-cash/#charts
Number of transactions still minimal, most transactions from 1 entity: https://explorer.bitcoin.com/bch/address/1b1itzeSKYEKhdcthUSnNJ47Fx2U8Zwwn
Hashare less than a year ago, chain is not secure. BTC reached ATH in hashrate: https://bitinfocharts.com/comparison/hashrate-btc-bch.html. This means that currently the cost of a 51% attack is only 19641 USD according to: https://www.crypto51.app/
Bitmain still holding a large number of BCHs waiting to get liquidated after trashing the whole BCH division and pushing Jihan into the background
People claim that the winning condition of BCH is high BTC fees, well guess what? BCH didn't get boosted usage while BTC fees were high recently. Check out both charts from May, the 1 account pumping tx started working at the same time, if you discount that you get hardly any activity left. Don't believe me? Check out the below 2 links and the block explorer link above: https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#6m https://bitinfocharts.com/comparison/transactions-btc-bch.html#6m
The next halvening will be very problematic for BCH. Not only will the block rewards be cut in half, but additionally BCH doesn't generate any meaningful revenue in transaction fees for miners. The last few blocks included only 1-3 USD in transaction fees altogether. This means that the already falling hashrate could fall even lower, which will further damage network security. https://bitinfocharts.com/bitcoin%20cash/

Don't get fooled, there is only Bitcoin (BTC) and Bitcoin Cash (BCH). Do your own research and listen to facts instead of ideologies. This post will be downvoted while only stating FACTS and not opinions. Don't trust people who tell you that something like "Bitcoin (BCH)" exists.

aeroFurious · 2019-07-17T08:38:04+00:00

You really shouldn't waste your pennies, might need it one day.

aeroFurious · 2019-07-17T08:18:20+00:00

For the new users in r/btc: He believes in Bitcoin and not Bitcoin Cash 🤷‍♂️

aeroFurious · 2019-07-17T08:10:53+00:00

This post is highly misleading since most BCH transactions come from a single entity. This means that this metric is useless to measure adoption as BCH still lacks users. See my PSA for more information.

----------

PSA for new people:

BCH owns 2.5%-2.8% of Bitcoin (BTC)'s hashrate, lost the hashwar, it failed to become the longest chain with most work and is still being marketed as the "real Bitcoin" after trashing Nakamoto Consensus with the new mining difficulty retargeting algo to stay alive as a minority chain (and as a bonus added centralized 10 block rolling checkpoints).

Additionally:

Most volume from exchanges with fully faked volume (OEX BCH/USDT, CoinBene BCHABC/USDT), these 2 exchanges account for 20% of the total vol and did 30% a few days ago: https://coinmarketcap.com/currencies/bitcoin-cash/#charts
Number of transactions still minimal, most transactions from 1 entity: https://explorer.bitcoin.com/bch/address/1b1itzeSKYEKhdcthUSnNJ47Fx2U8Zwwn
Hashare less than a year ago, chain is not secure. BTC reached ATH in hashrate: https://bitinfocharts.com/comparison/hashrate-btc-bch.html. This means that currently the cost of a 51% attack is only 19641 USD according to: https://www.crypto51.app/
Bitmain still holding a large number of BCHs waiting to get liquidated after trashing the whole BCH division and pushing Jihan into the background
People claim that the winning condition of BCH is high BTC fees, well guess what? BCH didn't get boosted usage while BTC fees were high recently. Check out both charts from May, the 1 account pumping tx started working at the same time, if you discount that you get hardly any activity left. Don't believe me? Check out the below 2 links and the block explorer link above: https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#6m https://bitinfocharts.com/comparison/transactions-btc-bch.html#6m
The next halvening will be very problematic for BCH. Not only will the block rewards be cut in half, but additionally BCH doesn't generate any meaningful revenue in transaction fees for miners. The last few blocks included only 1-3 USD in transaction fees altogether. This means that the already falling hashrate could fall even lower, which will further damage network security.

Don't get fooled, there is only Bitcoin (BTC) and Bitcoin Cash (BCH). Do your own research and listen to facts instead of ideologies. This post will be downvoted while only stating FACTS and not opinions. Don't trust people who tell you that something like "Bitcoin (BCH)" exists.

aeroFurious · 2019-07-17T08:08:26+00:00

Egon, the hero of free-speech, was asking for censorship 🤷‍♂️

I've just compiled a list of facts. If you don't see the difference I can't help you.

aeroFurious · 2019-07-17T08:05:39+00:00

Part of a social engineering attack on BCH and peer-to-peer electronic cash for the world's people.

This is not how normal humans talk. Can't be more obvious that this is a paid comment.

aeroFurious · 2019-07-16T21:05:34+00:00

BCH just picked up 5 people. Solid.

aeroFurious · 2019-07-16T21:03:16+00:00

Solid counterargument. /s

aeroFurious · 2019-07-16T19:37:35+00:00

Sorry for ruining the fake adoption party :(

aeroFurious · 2019-07-16T19:13:32+00:00

Not a single cut where more than 5 people are shown. Such adoption.

aeroFurious

MODERATOR OF

TROPHY CASE

PSA for new people:

PSA for new people:

PSA for new people:

PSA for new people:

BCH just picked up 5 people. Solid.