[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | Free Show | Home]

>there are actual anons falling for the BCC shilling and selling

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 34
Thread images: 7

File: DHppmkUUAAEkXdE.png (34KB, 530x520px) Image search: [Google]
DHppmkUUAAEkXdE.png
34KB, 530x520px
>there are actual anons falling for the BCC shilling and selling their BTC for it

F
>>
>>3136914
I genuinely fell for this FUD + Goldman Sachs saying it would drop below 3k. I don't know if i regret it or not yet. The new BTC block times look terrible. How is this not a bad sign?
>>
>>3136914
>>3136956
Don't these kids know? Bitcoin is unstoppable.
If ETH couldn't do it, what chance does their little shitcoin have?
>>
>>3136956
Segwit will happen. BTC has institutional support and majority miner support. BCC is still a joke. Don't let the korean pump and shills fool you
>>
>>3136967
nucoiners. what do you expect
>>
>>3136967
BTC is stoppable actually.
If enough hashrate leaves it, nobody can mine it, and then it just dies.
All the BTC stays there forever, unable to be moved.
Unless the governments go and help it (btc bailout)
>>
File: 1502985411638.jpg (36KB, 297x365px) Image search: [Google]
1502985411638.jpg
36KB, 297x365px
>>3136914
>blockstream kikes getting outjewed
>>
>>3136969
segwit2x is a different coin, with a different dev team, and has 90% of the current hash rate signaling for it.

why do NONE of the btc shills respond to this? it destroys their entire argument against bcc. i don't even have any bcc (i'm in eth) but seriously. muh name recognition doesn't fucking matter when you have no hash rate, and "alts" are taking all the hash rate right this fucking second.
>>
File: lloyd-blankfein.jpg (30KB, 480x360px) Image search: [Google]
lloyd-blankfein.jpg
30KB, 480x360px
BTCs marketcap has been hovering around 70 billion dollars for the past few days, YOU'RE SUPPOSED TO BE PANIC SELLING YOU FUCKING GOYS!!
>>
oh look a kikecoin block was found after an hour, but the mempool is still choking to death because it could only fit 2k transactions.

Who'd have thought that would happen from strangling the network. Buy BCC and ditch the kike shitcoin before you get cleaned out retards.
>>
>>3138156
This, but most of the posters here shilling BTC probably don't know what the mempool is
>>
>>3138056

do you truly believe that the same second someone leaves a btc pool another mine will jump right in?

Good luck loosing money
>>
File: JEWBLOCKSTREAM2.png (764KB, 2506x934px) Image search: [Google]
JEWBLOCKSTREAM2.png
764KB, 2506x934px
>>
>>3138216
what?
>>
>>3138227
Noooo i need this money stop exposing us.
>>
File: 1482899567217.jpg (52KB, 780x688px) Image search: [Google]
1482899567217.jpg
52KB, 780x688px
>>3136914

You are probably the same guy buying BCC on tuesday when it hits $1200.

> my ideals

Fuck you. It's all about greed and nobody here should trust anybody.
>>
>>3138056
Do you really think miners will stop mining Bitcoin? There are still doge coin miners
>>
File: jihan_bane.jpg (7KB, 232x217px) Image search: [Google]
jihan_bane.jpg
7KB, 232x217px
Do you feel in charge?
>>
>>3138344
>Do you really think miners will stop mining Bitcoin?
Up until 4 days ago, no. Now, absolutely
>>
>>3138344

Do you realise the difficulty for readjustment is what kills bitcoin?

If most of the hashing power leaves it will be impossible for the remaining miners to bring the difficulty down before they go bankrupt.

Thus bitcoin is at risk of chain death.
>>
>>3138344
I believe there is a chance.
It probably won't happen, I give it, out of my ass, a 5% chance of it happening only.

But it could.
Because the difficulty would never adjust, it's the something something death spiral.
Difficulty is so high right now, that if half the miners switched to BCC, it would just take forever to mine the next block. This literally kills the chain because you can't even do any more transactions.
Then the price falls? then mining it is even LESS rewarding, why would you do that if you were a miner? now it's 2x more profitable to mine BCC.
Difficulty in BTC won't adjust maybe in weeks if there is only a few miners mining it. And they would be losing money.
And they are not losing pennies, they are losing at least tens of thousands of dollars a day for not mining BCC.
>>
File: screenshot.2017-08-20 04.23.20.png (33KB, 1176x266px) Image search: [Google]
screenshot.2017-08-20 04.23.20.png
33KB, 1176x266px
>>3136914
I'm not even mad at you, I just feel sorry for you
>>
>>3138402
link to that one?

all I'm following is this:
https://cash.coin.dance/blocks
>>
>>3138433
https://www.coinwarz.com/cryptocurrency?sort=profitusd&dir=desc
>>
>>3138456
coinwarz!
haven't been there since my 2013.
>>
>>3138485
same. those were the days anon.
>>
>>3138056
This is wrong
>>
>>3138523
Why?

I didn't say it will happen, I said there is a situation where it can happen.
There is a chance it can happen.

http://bitcoinandtheblockchain.blogspot.com.es/2017/08/chain-death-spiral-fatal-bitcoin.html

Explain why it's wrong and why it won't happen?
Do you think BTC miners have infinite money to throw away to keep the BTC chain alive?
>>
>>3138523
Comment taken from elsewhere:

>It's a textbook black swan because majority dismisses it automatically as impossible, yet it's unlikely but possible, and it would be very likely fatal.
>If bitcoin was the only viable sha256 coin that would be a much smaller danger. In that case the mining power would have to completely disappear for long. It's much more likely if miners can switch, especially if the other chain is more profitable.
>Once that happens there are several factors all accelerating the problem:
>(1) Mining rewards can only be spent after 100 blocks. Normally that's about 17 hours. If 90% of mining power disappeared that would take a week. So that's a strong incentive to mine something else (if available) in itself.
>(2) Bitcoin economy grinds to a halt, as transactions become increasingly impossible. This leads many people with coins on exchanges to buy other coins just to be able to transact, which lowers the price, making the alternative chain even more attractive for miners.
>Which means that, as miners leave, the higher incentive the remaining miners have to also leave. In the event that almost all miners leave the difficulty reset never happens as chain dies.
>>
Even if your fantasy did happen, BCC's difficulty would go up faster than prices adjust to make it profitable. Confidence in the market would be demolished after everyone watched their investment go to zero because some chinks threw a tantrum. Both coins would be destroyed and all those mining farms would be dead weight.
>>
>>3138554
Difficulty comes down to a point where it is profitable for someone to mine, and then they will mine and BTC can be moved. But yes maybe price is kill and nobody needs to move BTC anymore
>>
>>3138654
difficulty takes like 2000 blocks to come down.
If the miners leave, it takes hours per block, literally months for the difficulty to adjust.

*2000 or something like that, not sure on the exact number.

Thing is, difficulty takes forever to adjust if 50% of the miners leave
>>
>>3138402

How come BCH is stuck at 0.18 - 0.2 when this is known to all?

I don't understand.
>>
>>3139521
It's the weekend and the banks are closed. Bank of Korea are the ones pumping it
Thread posts: 34
Thread images: 7


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/


If you need a post removed click on it's [Report] button and follow the instruction.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com.
If you like this website please support us by donating with Bitcoins at 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
All trademarks and copyrights on this page are owned by their respective parties.
Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site.
This means that RandomArchive shows their content, archived.
If you need information for a Poster - contact them.