I own Gold and Silver as a store of value
You clearly don't understand what's actually going on, so I'll try to put it in children's fairy tale terms that might be more easily digestible for you.
Once upon a time, a business was opened that made tasty pie. It was well managed and had long term plans to grow to be the best in the world, but over the years the success attracted ignorant profiteers who hollowed out the value of the business. The employees were dismayed by the changes and tried fruitlessly to negotiate with management to get back on track, for three years before they finally realised it would be to no avail. So they opened a competing business to pursue the original vision as side gig.
The original brand and the shell were now so popular that they'd attained worldwide recognition, though most of the new customers did not know or understand what the original product was, they did know prices were going up and quality was going down. At the same time, the employee side gig was attracting a lot of attention with their lower prices and higher quality from their side gig. Then the day came when even the most idiotic normies could see that the side gig was flatly superior to the old shell, at which point the momentum, investment and use switched to the side gig, and all the employees stopped going to work at the old shell, and it closed down forever, with the hijacked management suffering the failure, and everyone but them all lived happily ever after, the end.
Your FUD won't work Andy, WCN, Corecucks. The people are waking up. Your crippled-bitcoin and its fee-gathering lightning network are going to crash with no survivors. Anyone who actually does digital currency transaction soon comes to use Bitcoin Cash. Japans department stores have started to adopt it.
Microsoft accepts Bitcoin Cash payments at 0% network costs
Newegg new accepts Bitcoin BCH through Bitpay! 0% Fees!!
Joystream switches to Bitcoin Cash
Largest delivery service in germany now accepting BCH via bitpay. This is huge!!
The long chain and trusted name of bitcoin, with the decentralization and tech that works.
There is also poetic justice in seeing Bitcoin Core fail. The amount of trolling, shilling, blatant lies, money spent on twitter trolls, and outright attempts at power grabbing are disgusting. This doesn't even count the freaks that make up Core now actively forcing out through political manipulation the original group of people who made Bitcoin what it is.
The best thing that could happen to crypto in 2018 would be for Bitcoin core to die, and it's marketcap bled into ETH, BCH, XMR, and other legit coins. It would prove without a doubt that you have to play honest and above all, with the interests of your users in mind, to succeed here.
Segwit is for The banking centralized existing paradigm.
How many of you are aware of the Segwit Selfish mining attack that incentivizes miners to forge transactions?
How many of you are aware that by sharing the Lightning channels Segwit makes Bitcoin a fractional reserve system just like how when gold was fractionally reserved you share your gold with other people?
How many of you are aware that with the Segwit version of Lightning if too many people use the base blockchain you won't be able to update your channel and your funds get stolen?
How many of you are aware that if you use sidechains you take fees from miners and thus reduce the security of the blockchain?
How many of you have noticed that those people supporting Segwit don't have any rational reasons for their stance?
Lightning Network economically incentivizes centralized, highly connected, highly liquid hubs. Since the path through a channel is limited by the amount in that channel, channels that have low amounts of money in them wont be used, and since a fee happens every channel hop, the shortest routes are preferred. Also, it costs a blockchain transaction to even open a channel in the first place. The result, only rich people will open channels, and they will open many channels, because only they can afford to. They can lock up tons of funds in these channels so there will be no worry for anyone sending money through them, since there will be enough in that channel to cover most TXs. Sounds fine and dandy, except this is exactly what banks are. Highly connected, highly liquid, highly centralized hubs.
You don't own the miners, you never did as much as you thought you could dictate terms. Nakamoto consensus is all about making the miners have enough stake in the product that any sabotage attempt at any level is guaranteed to fail, because it isn't in the miner's own self interest to allow the product to be sabotaged in that way. And so no matter what method is used to effect that sabotage, the most efficient miners will defect back to the original vision, and the sabotaged fork will eventually die.
Say what you want about Bcash or Bitcoin Cash, the fact it is working alive and well after 6 months PROVES Core is a bunch of fucking liars when they said a
2MB blocksize would be "dangerous"
Added to my follow list. Keep up the good work and what do you think of the current market?
I am not much of a blogger, this is my first post. Thanks for the follow. Current market, everything is so cheap i wish i had more fiat.
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