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BitcoinHoarder
replied 1961d
Metalbrushes_Tattoo
In two days, you may be debating about a chain that no longer exists. BCHABC is getting crushed by markets. Those people debating with their $ on Polo have pushed BCHSV to 63% gains
Metalbrushes_Tattoo
replied 1961d
I wasn’t looking for a pissing war debate. As I said before, I am looking for an open minded discussion. All due respect I’m not looking for a price meme circle jerk get rich quick
Simon Van Gelder
replied 1961d
SV looks destined to be data storage, ABC looks like a next step (but perhaps not the most logical one). The big red flag for me is shrouding of code and patenting on nChain's part.
Metalbrushes_Tattoo
replied 1961d
Thank you for bringing this up. I have seen several debates and Q&A on ABC plans for upgrades ect but hardly anything for SV. Ive only found “sales pitch” style videos for SV.
Metalbrushes_Tattoo
replied 1961d
If anyone has a link they can share of a Q&A style video on SV plans that isn’t a “sales pitch” I would really appreciate it. I’m so confused on what SV actually plans on doing
replied 1961d
If you assume that craig/nchain is in control, then just read his twitter feed to learn that they want to recover stale coins, remove P2SH, remove anonymity as a concept.. (cont)
replied 1960d
Recovering stale coins is FUD. He means that decades from now, Moore's law will eventually make it financially feasible to brute force "mine" keys encrypted with current algorithms.
replied 1960d
No, he does want to recover lost coins. The guy is a nut bag, and is as bad for Bitcoin as Core.
replied 1942d
sounds more like a threat than FUD...
replied 1960d
There are more than one way to handle that scenario. One could very publicly "sunset" (to use his own words) the systems and then lock them down.
replied 1961d
how removing anonymity?

P2SH wasn't part of the original, so it makes sense. All the other things don't make sense at all.
replied 1961d
How has not been specified. Just a clarification that they want pseudonymity only because anonymity enables lawbreaking and they want to build to cater to current law.
replied 1961d
anyone knows that bitcoin isn't anonymous in it's current form already.
replied 1961d
(cont).. implement DSV opcode as a miner-fee code so any use of it on ABC side results in miner fees and lots and lots of other things.

..while still claiming to "lock down" protocol.
Simon Van Gelder
replied 1961d
I think that may be because it is primarily a sales business, at least judging by their "open positions" (one C+ dev, lots of bureaucracy & sales)
Metalbrushes_Tattoo
replied 1961d
Damn... that sucks. Most I’ve been able to find is Jimmy Nuguyen speeches & Ryan X Charles. Really wish I could learn for than a sales pitch. Like what their Devs have to say.
Simon Van Gelder
replied 1961d
They know the right things to say, I'll give them that...it doesn't seem to jive with their actions.
Metalbrushes_Tattoo
replied 1961d
Unfortunately charisma only goes so far. Eventually you need some meat to go with the potatoes, so to speak. The lack of open disclosure from SV has been concerning for me.
Simon Van Gelder
replied 1961d
BitcoinHoarder
replied 1961d
The beauty with SV is in the lack of plans for significant changes. That is what makes it alluring. Restoration of what was taken away from Bitcoin.
Sk8eM dUb
replied 1961d
Totally this. The game theory and balancing of incentives/rewards/difficulty was all worked out by Satoshi in 2008. One more fork to uncap the blocksize and tweak the opcodes then done
replied 1961d
Maybe its just me but I don't get why the "original vision" is so important. Shouldn't we improve with the times?
Sk8eM dUb
replied 1961d
What he said. Also the seemingly small changes you make now will have massive consequences down the road. If you wreck the economic structure it will eventually collapse.
replied 1961d
The converse is just as applicable, and there is no sure shot way of knowing which will work out
replied 1961d
Even if you knew that you actually improved stuff, many people, like merchants need a stable protocol, so they can implement once and then use, it just works.
replied 1961d
Absolutely, but it might be too early to focus on stability. I'm of the opinion that it is better to try different things at this stage and focus on stability later on
replied 1961d
Why not create a toy coin on which to "try different things"? Inexperienced coders like new cool and exciting stuff that elevates them as early adopters instead of old stuff that works
replied 1960d
Thats what almost all the tokens/coins today are, and if it "works" whats the point of any upgrade at all
replied 1961d
Restoration of op codes that were removed (and not fixed) because they did not matter. How is that an "enhancement"?
Simon Van Gelder
replied 1961d
All taken with a grain of salt, but that's what it distills to in my mind: opens source & open contribution is a must.
replied 1961d
In essence, leave base protocol untouched. Safely removing limits. Build on top whatever you want.
Simon Van Gelder
replied 1961d
And you don't see the value in pumping SV then buying ABC on the cheep once eyes are on the prize?
replied 1961d
I bought a few sv around $70, sold them now for $170...and wont buy them again.
I just bought BCHABC at $320 and will be buying more :-)
BitcoinHoarder
replied 1961d
Nice work! BCHABC had flash crash to $220. I can’t fuck with that lol 😆
replied 1961d
Yea a noob panic sold into very low buyside and pushed price low,low, feel sorry for him now.(if he then bought sv above $150, then he will be crying,holding bags of bsvcoin,not BCH)
BitcoinHoarder
replied 1961d
No way lol. I took massive profits at $181 and bought BCHSV back at $156ish. I’m running the bullish flag breakout to $373.3 target.
replied 1961d
The buy support is fake, this is why i got out
carful your not left holding the bags
Maybe one last push over $200, but then the sellside will be higher than buyside
good luck bro :-)
BitcoinHoarder
replied 1961d
Let’s make a bet? I bet you 100 million Satoshi on BCHSV crushing BCHABC to $0 after the fork! I’ll give you the memo tip.
BitcoinHoarder
replied 1961d
Acrually, I have 95 BCHSV I can make this fun. I bet you 1 BCH post hashwar that BCHABC goes to $0
replied 1961d
That's assuming there will be a chainsplit at all. Frankly I'm getting my funds out of BCH until the fork is over. Then I'll pick a side based on merit and price.
replied 1961d
Smart. That’s what I did too.. bch too risky atm, and even if sv wins , he has antagonised a lot of people. Not nice..
BitcoinHoarder
replied 1961d
I guess there will be no split technically because ABC will not exist I put my BCH in paper wallets though. No hot wallet BCH except here.
replied 1961d
There is still the aftermath to be concerned with. Mining pools, web sites etc. planning to support ABC will have to adjust to SV should ABC not be able to survive.
BitcoinHoarder
replied 1961d
Correct. They will learn that hashpower rules (not developers). Luckily, BCH is still young and investors are salivating over it (increasing in price in crypto bear market).
1DFZPecWiDxtkhQv
replied 1961d
With SV, the developers are the miners. They run the biggest mining pools. If they say SV wants to give control to miners they are saying SV wants to give control to CSW/nChain/Calvin.
BitcoinHoarder
replied 1961d
Why is my name never including among the miners while I am mining on SVpool too alludes me.
replied 1961d
because that wouldn't fit the narrative :)
Sk8eM dUb
replied 1961d
Hopefully after they "gain control" they'll encourage healthy competition between pools. With a real bull market and increasing institutional adoption mining will get very competitive
cbeastsv
replied 1961d
They won't have a choice. Anyone can "gain control" if they are competitive enough.
Sk8eM dUb
replied 1961d
Bingo! "Gain control" is a phrase used to frighten and(ironically) control you. The only way C&C win after gaining majority hashrate is by making Bitcoin amazingly good money.
replied 1961d
Salivating? Euhm...after a short rally above $500, it is collapseing again - also against BTC. Down to 0.8 again.
replied 1961d
FIrst when the news broke that Coinbase and Binance went with ABC the price rose 40% in a day, now that SV looks like the hash winner the price is dropping like a rock.
BitcoinHoarder
replied 1961d
That’s ok, remember I’m a hoarder. I love hoarding me a bunch of BCH. So addictive!
replied 1961d
Maybe the Coinbase news was hogwash and therefore the price dropped. That's not what it says here. https://support.coinbase.com/customer/portal/articles/2959951
BitcoinHoarder
replied 1961d
You’re looking at BCH. I’m looking at BCHSV futures
replied 1961d
Uh huh...$200 for and $300 for ABC. But yes, SV seems to gain some steam, however it has gain up to $500 at least in order to not have decreased value for BCH after fork.
replied 1961d
ABC will survive. Don't fall victim to CSW's empty threats.
replied 1961d
Blocksize was an acceptable adjustment. But both parties are making changes severe enough to warrant this degree of infighting.
replied 1961d
What bothers me more isn't CSW, but rather the fact that we are splitting Bitcoin again when it should remain a single, safety audited coin that operates with minimal change forever.
replied 1961d
Why do you think we are splitting? Who is not willing to even talk to the community, much less compromise on certain upgrades... It's CSW. He is a fucking psychopath.
BitcoinHoarder
replied 1961d
Once this hashwar is done, we’ll take out BTC/Core next and to starve the altcoin market. Then only #1Bitcoin for life. Takes time
replied 1961d
Will Memo write to the BCH SV chain or the BCH ABC chain should there be a successful split?
replied 1961d
ABC will change PoW to either what monero or sia was using. Jihan needs to get use to that bricked units.
Sk8eM dUb
replied 1961d
If they try to call it Bitcoin there's going to be hell to pay. What a fiasco.

Do we think Roger will say that he thinks the Bitcoin white paper doesn't work? What of Bitcoin.com?
replied 1961d
lol, lets wait and see what happens, will bch split or not?
btw sv is bad for memo, with sv you need to pay at different times to keep your comments on the chain.
Metalbrushes_Tattoo
replied 1961d
Can you elaborate on that? What do you mean “with sv you need to pay at different times to keep your comments on the chain”?
Simon Van Gelder
replied 1961d
If the miners are stingy, they'll drop the OP_RETURN unless you make good. If the miners are centralized, this is inevitable.
Metalbrushes_Tattoo
replied 1961d
ELI5?
Sorry 😬
I genuinely try my best to learn everyday, it’s been 2 years now and I still feel like there is so much I don’t know
Simon Van Gelder
replied 1961d
Memo stores messages as an OP_RETURN value in the transaction. Miners are not required to retain this information. If one entity controls enough miners, they can charge you to keep it.
Metalbrushes_Tattoo
replied 1961d
Ohhhhhh ok thank you so much for taking the time to teach me that ☺️ Appreciated
Simon Van Gelder
replied 1961d
At least, I think that was the implication...
replied 1961d
BCHABC is getting crushed? Actually, it looks to be worth 2x BCHSV. And Polo is not an indicator of the market. It's one small exchange.
BitcoinHoarder
replied 1961d
Markets AND miners are supporting BCHSV makes you think WTF? Or 🤑🤑🤑Better to just follow the hash and futures and make some money. I’ll think on vacation 🤔 lol 😆
replied 1961d
Markets are supporting ABC, are you blind? Also the miners supporting SV are mining at a loss right now. The miners that support ABC are smarter and don't waste money before the fork.
BitcoinHoarder
replied 1961d
replied 1961d
Yes, what you just showed me is an image of BCHABC winning the market by almost 2x.
BitcoinHoarder
replied 1961d
Interesting perspective! I look at what is moving up. BCHSV up again at 74% gain today at $194 and BCHABC down even more to $321 for 18% loss for the day. Try to see cup half full??
replied 1961d
One small exchange with little volume is not the market. You are a dumbass.
replied 1961d
the only exchange
BitcoinHoarder
replied 1961d
I’m mining at a loss I agree because I’m looking long term. I told CSW I’ll mine with him even if BCH goes to $0 to win hashwar AND I have recruited miners to do so too
Simon Van Gelder
replied 1961d
Making *their* money is not the objective. Protecting *our* money is.
BitcoinHoarder
replied 1961d
You MUST remember. Hashpower PROTECTS your money. NOT miners. You MUST learn this
Simon Van Gelder
replied 1961d
Hashpower protects only the chain. If your coin becomes unwanted, it was lacking protection elsewhere and all the hashpower in the world cannot save it.
BitcoinHoarder
replied 1961d
I’m making money with BCHSV AND protecting money with extra hash power to SVpool. Is that what you mean?
Simon Van Gelder
replied 1961d
And the perfect place to pump/dump.
replied 1961d
I couldn't agree more. It's ridiculous to say this one small exchange with negligible volume is any indication of what the market chooses.