‘Still Positive About $1 Million Bitcoin Price By 2020 End’: John McAfee This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bears showed up en [...]

This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bears showed up en [...]

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Core propagandists wrote Blockfolio description of Bitcoin Cash

Just now saw this. Not sure if others have seen yet, or if it's new, but it's pretty fucked up. Take a look:

"Bitcoin Cash ("Bcash") was created out of tension among early Bitcoin investors over rising transaction fees and increasingly divergent opinions on the best on-chain scaling solutions for Bitcoin. Bitcoin Cash also prioritizes strict adherence to what is called Satoshi's "vision" for the original Bitcoin. Viewing peer to peer transactions as the core value proposition of the network and the factor that should be optimized versus other competing factors like security.

Versus the more progressive development philosophies of the Bitcoin core software contributors. Who view security as the factor that should be optimized for with the whitepaper reflecting a rough blueprint or important historical document.

The execution of the fork on August 1, 2017 led to confusion amongst investors who tried to claim, sell, or spend their BCH due to inconsistent exchange tickers, branding misinformation, and incorrect address use. Bitcoin Cash users lose coins when attempting to send BTC to a BCH address and vice versa. Recognizing this issue Bitcoin Cash migrated to a new address format in January 2018 to improve usability and reduce the chances of errors leading to lost coins.

Bitcoin Cash expects to ultimately become more decentralized and widely used than Bitcoin by scaling transaction throughput faster via a higher paced development cycle for technological improvements significantly reducing transactions costs versus Bitcoin.

It is expected due to the technology requirements needed to scale the network. Individual users will not be able to run nodes easily via PCs like they can for the Bitcoin network making it potentially less censorship resistant than the Bitcoin blockchain"

Let's see:

• labels Bch Bcash
• mocks with Satoshi's "vision" (conjures up BSV, tin-foil hat conspiracy theorists, cult images, etc)
• Nothing about Bch makes it inherently less secure. It just is because that's how the prices and the mining power shaped out. Hard forks and security are two separate concepts
• "Versus the more progressive development philosophies of the Bitcoin core software contributors." lol.
• sloppy incomplete sentences. Bot? Non-native English speaker? Not sure what to make of that aspect.
• then we've got basically an entire paragraph devoted to shitting on bch
• after acknowledging bch reduces transaction costs, basically states that btc is more censorship resistant because of nodes

Anyways. Anyone know if we can do anything about this to get Blockfolio to adopt a legitimate description of Bitcoin Cash?

submitted by /u/TheFireKnight
[link] [comments]

source https://www.reddit.com/r/btc/comments/cdcxi5/core_propagandists_wrote_blockfolio_description/

BTC/BCH usage and price analysis. Is the BCH price being manipulated?

So, the current price ratio is $10,150 BTC to $280 BCH, or ~0.0275 (2.75%).

But the 7-day average transaction per day ratio is 336,000 BTC to 58,000 BCH, or ~0.1726 (17.26%).

Also, on Coinbase, the amount of volume per day is 31,516 BTC and 105,060 BCH. At the current price, that's ~$319.9 Million for BTC and ~$29.4 Million for BCH, or ~0.092 (9.2%)

Also on Coinbase, the amount needed to be bought to move the price up 50% (based on the current order book) is $56 Million for BTC and $1.1 Million for BCH, or ~0.02 (2%). (This would have to happen in a single transaction, otherwise the bots will just sell it back down to the current price on other exchanges.)

Also on Coinbase, the amount needed to be bought to move the BTC/BCH price up 50% is to buy 900 BCH for the price of 34 BTC. (34 * 10,150) = $345,100

https://bitinfocharts.com/comparison/transactions-btc-bch-sma7.html#3m

https://pro.coinbase.com/trade/BTC-USD

https://pro.coinbase.com/trade/BCH-USD

Seeing all this, which coin do you think has the most potential for price growth?

submitted by /u/324JL
[link] [comments]

source https://www.reddit.com/r/btc/comments/cdbbcf/btcbch_usage_and_price_analysis_is_the_bch_price/

We need to increase the BSL and scale while we remain in power to do so.

The longer we wait, the higher the social entropy of this situation gets. By this i mean two things, one devs get old, die, slow down on development, and ultimately, lose popularity share to future newcomer devs, and two, the longer we wait and make excuses for ourselves, the more the attitude of "we can just do it later " will saturate in everybody's minds. We only need about 5-10 years before this social entropy can become similar to what was with Core, given this time could be similar to last. That's about 5 years to get this done, to scale in preparation for worldwide adoption.

Our focus should be on scaling. If we never get schnorr sigs fully implemented and optimized, that might be sad, but bitcoin would still succeed. Same with avalanche, it might be a sad loss, but bitcoin would still suceed. If we don't scale properly, Bitcoin WILL NOT succeed, and we would be stuck later down the road.

The next time we will be prevented from raising the BSL, they probably won't lean on the centralization excuse, there more likely to back, pontificate on, and exaggerate the current sentiment that we're just currently not ready for a BSL and should wait, except its going to end up being indefinitely.

I agree that a slow and steady, careful approach is optimal in a vacuum. But we aren't in a vacuum. We are in reality. And the current devs won't remain in power forever.

We don't just need to scale as usage increases, we need to scale while we remain in power to do so, with our capability of handling it well enough.

Bitcoin Cash adoption is increasing at a rapid rate. BTC is probably about to die. Tether is likely close too. CSW is likely about to lose in the legal system. The governments and masses are starting to recognize us. And Ethereum's Vitalik is looking to us for answers. We are going to have a massive increase of onchain usage, and we need to be prepared, before new subversion attempts meant to stop our scaling and adoption efforts sink in.

Economics and blockchain incentives says that its easy to protect current consensus rules, but harder to implement new ones. While we're smaller, while we CAN increase the BSL, we should. Why are we waiting? Why can't we fundraise for or direct the last fundraiser at accelerating xthinner and graphene and all that fancy stuff?

Does nobody besides me see not increasing the bsl asap as a risk, especially with our new competition BSV, which i believe is using reverse psychology on us to slow our growth? I think we need to prioritize scaling before everything else. I think there should do a BSL increase every hard fork personally. It would work to help manage that social entropy. And this social entropy is also going to get worse as BCH is adopted, so we definitely need to scale before then.

submitted by /u/FalltheBanks3301
[link] [comments]

source https://www.reddit.com/r/btc/comments/cdcsow/we_need_to_increase_the_bsl_and_scale_while_we/

Even Andreas Antonopoulos makes the comparison between bitcoin & Lightning network to the early days of the internet. This is what gives me faith in the future of Bitcoin.

submitted by /u/sgtslaughterTV [link] [comments]

Getting closer to the prediction!

submitted by /u/nomadeth [link] [comments]

Liechtenstein Financial Market Authority Approves State-of-the-Art Tokenized Real Estate Investment Product This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. CROWDLITOKEN AG pioneers and [...]

This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. CROWDLITOKEN AG pioneers and [...]

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