There is only one true original BTC.
All the others are swindle projects taking value out that has taken years to mine.
Please, wake up.
At Steem I reached a point where I can basicly write anything these days. Because in the crypto circle-jerk realm, also here at Steem, there is a collective cognitive dissonance when it comes to things like Bcash, Bgold and surely B2X. Now I have been verbally attacked because I basicly called Bcash out for what it is: a swindle. Just like Bgold is and B2X is the worst of them all, because it is more of a hostile take-over. Well, in november 2017 apparantly it will be tried to do so. And all that has FOMO {Fear Of Missing Out} itches already started to lay out a red carpet. But, most important thing seems to be right now, that the majority keeps calling those rip-offs: forks instead of the are: CLONES.
Are there not already forks of Bitcoin? That is the first thing one could ask, to check the claims of Bcash {BCH}, or Bitcoin CHina, just big blocks. Bgold {BGD}, some new algo, but not sure yet.} And the most ridiculous one so far: B2X {BTX}, does SegWit, but does not seem to understand what sidechains actually can do. So that is why 2MB blocks get in... And what the initiators of the B2X CLONE leave out is that the group backing it wants go get in control over Bitcoin. Like they have been accusing Bitcoin Core of, well, I had a deeper look into it, and that made things clear for me. B2X is rubbish, no innovation, not a real fork, as it just CLONES the Bitcoin blockchain. Trying to get a lot of value out off the market of the one and only Bitcoin {BTC}.
Alts are real forks.
There is one simple methode to find out if you are dealing with a fork or a CLONE swindle. Real forks are cryptos like: Fast Bitcoin or Bitcoin Plus. They use the brandname, but are real forks, each with their own unique blockchain. Now that is key here. They started off with their own unique genesis block. That means they are taking a risk. So their innovation should mean something or not, the people decide. True forks of Bitcoin, or any other crypto, will create its own genesis block and thus make sure it has its own blockchain. These cryptos are also known as Alts to many and they get forked too. CLONE swindles like Bunlimited, Bcash, Bgold and B2X are beyond lazy copy-cats, like fake Samsung Galaxy S9 phone manufacturers. They also take invested value from the main product by exactly cloning the Bitcoin blockchain. And that is put mildly...
Rip-off CLONING swindles.
Yes, that is what I state about: Bunlimited {BTU}, its real huge big blocks sheilas, Bcash, Bgold and B2X. They are plain and simple rip-offs. And I really do give a hairy rats behind about wether or not this will drop the price of those swindle CLONES. They have no guts to create a true fork, with its own genesis block and a unique blockchain, so why should they get the real Bitcoin {BTC} its glory!? Even if you are just one of 10 that read this post and understand, then I am okay with that. Because I really dislike all that horrible repeating of wrong information that is happing in the forking circle-jerk realm. Highly rewarded for every post, no problem, but would it not be great if such an influencer dared to speak out about what is really going on? No worries though, many exchanges will offer some support, just like multi-coin supporting light wallets. But, when it does, sell right away, as it will drop in value fast. And buy some real cryptos, that actually took a risk, creating their own unique blockchain.
Like shouting in the dessert.
From an advertising / marketing point of view I know that by not repeating all the forking nonsense I could become like a shouting human in a dessert. It really needs some substantive thinking from you, the reader, and some courage to step out of the ongoing lemmings race. Just add up all the value that has been drained so far by these CLONE swindles. Bitcoin {BTC} would have been way up to 6K by now. Because these CLONES not only rip value out off the BTC blockchain, they also cause panic on the crypto currency market. Only because they want to have it their way. Again, cowards they are, because they do not dare to take the risk of making a true fork by creating a genesis block and thus a unique blockchain. That has to earn its value!
But like I noticed from the response I got from a reply, well none really, at a post from a well known so called influencer, that keeps calling these CLONING swindles forks, I know I can shout all I want, nobody will hear. Why? Well that is called cognitive dissonance, anything that could take people out off their comfort zone gets blocked from of their perception of reality. Yes, half the truth is that Bunlimited, Bcash, Bgold and B2X are forks. It has to be forked, meaning the software code needs to be copied to be changed. And then it should be announced, when the genesis block is being made and the blockchain starts its own unique crypto path. That is where the other half of the truth kicks in: there is no unique genesis block. They are just CLONING the Bitcoin blockchain and therefore taking value that does not belong to their copy-cat version out off the REAL DEAL BTC. In other words, if you own BTC, those CLONE swindles take from your invested capital and make a profit from that!
Cognitive dissonance, hard to beat.
About 25 years ago I had a discussion with an economics major about why the Banking Monetary Governance system was created to move believed ownership from the many to the few. Money was just a tool to do that, and who ever controled the creation of it could get fake control over the whole planet. That got me a stronge look, even more when I told the economics master that a crisis system was build in, on purpose. It is the best way to make short cuts to a central control system. Take from the public what they build up together with their combined energy and take it away from them through a debt system. It is a very sly set up, thousand of years old. As we are taught that it is normal, anything that states otherwise is bouncing off, cognitive dissonance doing its job. Some call it mind-control, but that might get me a tin-foil-hat for an award. Sometimes I do start to believe that most people involved in that maze are honestly unaware as in: "We did not know..."
Because I have to.
Freedom of expression, let me keep it at that. The Steem blockchain is the right candidate for it. And at one point I do miss the old times, even though that sounds weird. As that was just a year ago. It was more about that, freedom of expression. Open minded, looking at reality from a different point of view. Could the flat-earth believers be true? The system has scepticism build in, we are brought up with that. Even to a level where sometimes we are asked to just accept something for being normal or common. And even though, in line with this, the B2X CLONE swindle will be presented to you as a fork, and it will go live in november 2017, it is still a rip-off. Just like the others.
Still, as with many things that we are taught to believe, and repeat as we are told to as being normal, does not make them justified or right by definition. For all you know the B2X CLONE swindle could be a goverment/banking sponsored take-over of Bitcoin. Or at least another disruption by an attack on Bitcoin and the Cryptocurrencies in general. Could it work? Just pumping more CLONES out there? Ripping the value out of Bitcoin {BTC} so the market loses faith and the Banks and Governments can take over control over the blockchain technology? With their centralized control structure and privatized blockchains of course. All that caused by these CLONE swindles like Bunlimited, Bcash, Bgold and B2X? Well, listen carefully and already you could hear the calls for regulation getting louder. Now, who is supposed to do that...
Ow, a conspirancy theory...
At one point it will not matter what you or I bring forward as sound proof, as the system is constructed on scepticism there are just two magic words needed to bring it down to laughter: conspirancy theory! And that is where the cognitive dissonance will kick in again, 'cause as we all know, now let's be really honest here, all conspirancies are just theories. We need more rules to make sure people shut up spreading those fake news and stuff. They should be tought how to learn that the majority is always right, even when it is in fact proven wrong. And coming to that, I will put on my beautifull tin-foil hat back on, so it is easier to have my brain bombarded with Gigaherz waves. Let's get it over with, I give up... Sorry.
And no matter what, hey, let's be carefull out there and have a great day anyway!
PS In this article I use my freedom of expression, as I am born free. You may or may not agree. Just as you are free to express yourself, as you were born free too. Thank you for your attention.
The Bitcoin blockchain CLONING swindle goes on and on...
image CC0 licensed
You know what the most dangerous thing about these forks is? They're all sha-256 coins.
Most alts are scrypts or proof-of-work, and thus do not compete for miners with bitcoin.
The ASIC miners can only mine sha-256 coins like bitcoin and peercoin. Now suddenly there are a bunch of forks/alts, and they'll start switching the mining back and forth.
And what we have seen in the scrypt alts space - erattic blocks - will start to appear in the bitcoin space.
Really some of these new sha-256 forks need to be killed. It could be done by someone mounting a 51% attack on them - but will the miners bother, or will they just have fun switching back and forth destabalising the network?
The Bitcoin clones will get a bunch of miners for a while. And some pools will see switches. Whatever gets the most profit will attrackt the most of the miners.
Do not know if any of the clones can be put out off order just like that. They are pre-sold on exchanges and traded on. That is a trick to give them value upfront. That will lure in some miners too when it goes live.
There are some very rich forces behind some of these clones. B2X might even be the last of them clones that maybe manages to loot some value out off the real Bitcoin price. But I think the Market is slowly getting fed up with this cloning nonsense.
As for mining other coins. DASH and LTC are mined very hard. And they are not the only Alts getting a lot of mining power. So, I think the whole cloning farce will end soon after B2X has become just another kind of Altcoin competing with Bcash.
And the rest of the market wil have enough Alts to mine and new invested capital to gain.
To me the whole crypto future is bright.
Hey man! I am one of those that read and enjoyed your thoughts on this.
It's great that you write with passion and I appreciate that you speak your mind.
As I did not hold any bitcoin at the moment of btc cash fork on the CloneChain, I will not be holding any on the 25th of Oct.
I believe in and will support other projects.
Hey @kingmotan!
Thanks for your support! It is nice to read that you appreciate my posts.
Kudos for the CloneChain word, now we can refer to this whole charade as the Chain of Clones, an original Blockflix series! ;-)
Good luck to you!
I appreciate your honesty and your efforts ... a great wise scholar has interpreted at some point in the end times.. "a mistake that is clearly wrong regarded as one of the truths, the fools is worshiped as a wise and ugly one is said to be charming"
Thank you, that wise saying fits perfectly.
hmm.. zolang dat er is iets gratis zoals de BTCC - maak me niet uit :D
Als het doorgaat, gebeurd dat ook weer. Hoef je niks voor te doen. Gewoon afwachten en dan kun je het verkopen en er echte BTC voor terug kopen. ;-)
oh cool .. dan fff wachten toch :D
ik weet niet .. mischien komt nog iets leuk met de forks
hier niks meer?
als wij zo hier blijven en de voting gedrag zo doorgaat zijn wij echt in de put imho ..
Ja hoor, als die clones doorgaan, zijn ze aan het begin meestal het meeste waard. Dan gelijk dumpen en daarvan lekker echte cryptos gaan inkopen. =D
Steem gaat met SMTs een mooie slag slaan, jammer dat we nog even mogen wachten. En dan komt er ook nog technische vooruitgang. Veel nog op de agenda. Komen dus zeker HFs op Steem.
Voting gedrag weet ik niet zo Ivy. Dat volg ik weinig. De slider vind ik vervelend. Of zou wat zijn als ik mijn Voting Battery weer op kon laden, door Steem of SBD naar @null te sturen. Heeft meervoudig nut.
De curve is zo goed, alleen gaat de Voting Battery zo snel leeg. Blijft wel wat voor verbetering vatbaar.
It is not often that I find such good article. Really. Impressed by your work, followed you and resteemed. Would like to get in touch and talk about possible cooperation if you are interested in that. Let me know.
Thank you for your kind compliment. Glad you like it.
Great Words to live by!!!!
Referring to...?
Afraid I do not quite follow what you mean.
Nice blog.
Thank you.
oh relly good post.............
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