Bitcoin cash BCH

[AndreaGail]

BCH is now listed on the new release of coinbase. Within minutes it shot up from around 2k to 8500 before it was halted / the app crashed. Lots of “suspicious” or interesting to say the least price movements in cryptos the last few weeka

[Shami-Amourae]

He a good boy.
He Dindu Nuffin.
https://bitnovosti.com/wp-content/up...3/jihan-wu.jpg

[Neuro]

BitCoin Hitler!

[vacuum]

Bitcoin Cash just released their cashtokens upgrade last week. This unlocks the ability to do general smart contracts on bitcoin cash, using the UTXO paradigm.

This means that contracts are created and executed on a per transaction basis, and so are incredibly scalable. The trade off is that they have to be written in a completely different way and are more difficult to write. However once the tools, developers, and initial projects are developed, the ecosystem will accelerate.

Here’s a discussion with the developer of cashtokens:


Hype vid released on upgrade day:

[vacuum]

So sitting here with my thinking cap on, more and more I am coming to the opinion that perhaps Bitcoin Cash will ultimately become the real bitcoin.

Bitcoin was co-opted and crippled, and today it’s really a piece of crap that barely works and has no clear path forward. Lighting has essentially failed at this point. Poor design choices have allowed ordinals/jpgs to unexpectedly be embedded into the chain.

There is no plan going forward. There is no way to make decisions. There is no unified vision.

The only thing bitcoin has going for it is that it’s number one because it’s the biggest. In other words, circular logic.

As soon as Ethereum flips bitcoin in market cap, that goes out the window, and perception will completely change.

People will start to ask why bitcoin was never improved upon. Why censorship and suppression was allowed, etc. At that point it will be clear that the only rational answer is that Bitcoin Cash is actually what bitcoin could have been.

As this realization occurs, a phase change in understanding will I occur and everyone will rush into BCH as it dawns on them that it is actually bitcoin, and that it is technically superior. Because Bitcoin is shit, most people probably won’t even be able to send their coins to an exchange to buy some BCH because the network will be so congested.

The bitcoin OGs who actually made bitcoin what it is today should all still have their BCH. If they don’t it would be strange. They live in a time where Bitcoin was usable and was regularly updated, and BCH continued down that original path.

The main people who are super invested in bitcoin are from 2016 and onwards. People like Michael Saylor, Barry Silbert, and an army of various grifters. Going to BCH will wipe all of them out. It will probably cause the biggest crypto market crash in history as well. Bitcoin OGs don’t care imo.

There really isn’t any other way this can go. Bitcoin sucks and so will eventually be toppled. Bitcoin Cash will be where people go when hard questions start getting asked and people become aware.

When the first bitcoins were mined in the early days, no one knew what the end result would be. I think it was the only truly fair coin distribution, and so ultimately regardless of the tech (btc, bch, bsv, ltc, doge, etc) the top crypto will ultimately have to fork the original ledger. So in my view, the protocol or tech can change to be anything, but the ledger must be forked to be legitimate.

Many have been deceived into buying into the fake ledger since 2017.

Using my logic, why couldn’t someone just fork the current btc ledger and fix all the problems (or just use the BCH protocol but with the current btc ledger)? That is possible, but btc will fight it for too long. As long as the ratio between BCH and BTC is less than one, it is more advantageous to buy BCH. You get more coins. The hash power will shift to BCH as its price increases.

Once BCH has a higher price and more hash power than btc, what is the point then? Obviously the bag holders (idiots who could have gotten more coins by simply buying cheap BCH, except for ego or some other reason) will attempt to pick up the pieces and fix btc and come back. But they had their chance and screwed it up.

This seems completely impossible to believe, but I don’t see how it can really go any other way.

Also, Pluto is now in Aquarius. The planet of death and rebirth is in the sign of crypto currencies, for the next 20 years. So a complete destruction and rebuilding of crypto is in the cards.

[vacuum]

Somebody is dumping $20 million into the BCH ecosystem:
https://news.bitcoin.com/bch-ecosyst...on-investment/

It’s not clear who they are yet and exactly what they are doing. There is a spaces tomorrow with more information:
https://twitter.com/bitcoincashx/status/1683890232620380160

Edit: based on spaces, looks like this was a scam. Regardless, other things are still moving forward.


In other news, some private members of the BCH community just donated $450k to Paytaca, a bitcoin cash company based in the Philippines to work on tools and adoption there:
https://twitter.com/_paytaca_/status/1682582589465583616


BCHArgentina is almost at their funding goal to promote adoption there:
https://twitter.com/bchargentina/status/1683613914603323395


All kinds of stuff going on, but BCH is so decentralized that it’s happening organically everywhere and deceptively hard to track.

[vacuum]

Bitcoin Cash is ripe for the picking.

Some billionaire just has to buy big bags of it cheap, then pump it just like Elon did to doge.

It’s got a strong narrative, and BTC is basically begging for someone to put it out of it’s misery at this point.

[Amanda]

Any thoughts on that guy Roger Ver getting arrested after his book Hijacking Bitcoin (I know they are saying he didn't pay taxes, but some seem to say timing is interesting)

I just found this guy, Adrian Day, on twitter, he seems to think Ver's arrest & US govt going after Kim Dot com now is a signal something big/bad is coming. he seems to think CBDCs within 6 months?

There's a stopcbdccs community on twitter, they seem to be talking about Monero---Is that something to get? Thoughts?

[Neuro]

He didn’t pay US taxes on sales of bitcoin which he bought bitcoin cash for in 2017… If he had just kept his BTC he would have been a billionaire now. I have no idea why he should pay US taxes to begin with… I guess every country in the world could claim that crypto profits should benefit their country and be subject to their taxation…

[monty]

Any thoughts on that guy Roger Ver getting arrested after his book Hijacking Bitcoin (I know they are saying he didn't pay taxes, but some seem to say timing is interesting)

I just found this guy, Adrian Day, on twitter, he seems to think Ver's arrest & US govt going after Kim Dot com now is a signal something big/bad is coming. he seems to think CBDCs within 6 months?

There's a stopcbdccs community on twitter, they seem to be talking about Monero---Is that something to get? Thoughts?

The federal income tax is an excise tax on a federal privelege or federal activity. Participating in Social Security is a federal activity. My personal opinion is If I were a young person I wuould get out of Social Security and invest the amount being withheld in bitcoin. Personally I would not buy monero.

edit: Bitcoin is secure, unconsficatable and and limited to 21 million coins. As more and more people buy bitcoin the demand will increase its value in relation to fiat currency. You can see any wallet address on the blockchain, but that does not tell where it is or who it belongs to so far as I understand it



https://synapticsparks.info/tax/evid.../page2580.html