Gold collapsing. Bitcoin UP.

[rocks]

Geez, why would any payment processor do this???

https://www.reddit.com/r/btc/comments/7kxoy8/bitcoin_cash_is_listed_first_on_coinbase_buy_page/

Edit, this is what adoption looks like, and it does not include billions of futures being bought and held on exchanges. To think that people here will continue to use BTC and not switch to something else is flat out absurd.
http://www.zerohedge.com/news/2017-12-19/its-not-politics-its-survival-bitcoin-local-currencies-are-taking-over-venezuela

 

[freetrader]

For a true flippening, a major exchange will have to come out and start aggressively adding BCH to altcoin trading pairs.

As long as people have no choice, they will need to go to the only exchange that supports this. At least in theory. A good businessman already made sure they are ready for that demand.

 

[Richy_T]

However, again if people can't use Bitcoin the chain no longer binds them together.

Good point. This fits in with my previous ruminations that the connections upon which Metcalf's law are based are not all created equal and will run some kind of distribution which will even stretch into connections which have negative value to the network (thus making a split possibly actually increase net value). A simple use of Metcalf assumes that this distribution maintains a somewhat consistent shape through growth but if those connections are actually damaged as with high fees and restricted block size, the value of the network will be adversely affected even with a similar number of participants and likely still with increasing participants. Might make an interesting graphic.

 

[molecular]

Hilarious.

Indeed. lmao. coinbase: "Buys and sells will be available to all customers once there is sufficient liquidity on GDAX. We anticipate that this will take a few hours." (from https://blog.coinbase.com/buy-sell-send-and-receive-bitcoin-cash-on-coinbase-65f1b2c7214b)
[doublepost=1513753156][/doublepost]

Edit, this is what adoption looks like, and it does not include billions of futures being bought and held on exchanges. To think that people here will continue to use BTC and not switch to something else is flat out absurd.

But, but... it's a Store of Wealth... like gold !?!

 

[Zarathustra]

Me too. My ratio is 1:7 (BTC:BCH) already.

The earlier you go Full Norway or Bagatell Berserk, the better. That was an easy bet.

Bitcoin Core is Bitcoin Cash extended with Cash function disabled ...

Segregated Witcoin Collapsing - Bitcoin Up

 

[rocks]

Now that is what I'd call a sell wall on GDAX as we wait for trading to open. Might be a smart idea to put a few low ball bids in, in case there is a spike down.

 

[BldSwtTrs]

If there is a hat with this slogan, I would definetly buy one. If someone knows people who can do hats, please tell them this idea, it could be great.

 

[molecular]

gdax live, it seems.

Mike Maloney published a documentary about "the crypto revolution" as part of his "hidden secrets of money" series:
EDIT: haha, at around 16:00 he redefines "softfork" as "what happens when 2 miners find a block at the same time". Other than that, so far his technical explanations are pretty accurate and understandable.

 

[Norway]

Roger Ver live on CNBC in one hour and 10 minutes (22:00 GMT) here:

 

[Norway]

@molecular
I'm a big fan of Mike Maloney, and have learned so much about the fiat system from his high quality videos.

The first half is great for newbies and oldbies. But he spends the last half on Hashgraph, that nobody have heard of. He has either stumbled upon greatness, but more likely a company making a private blockchain or an open blockchain prone to sybil attacks.

EDIT: And I suspect his critique against bitcoin has been fed him from this "Hashgraph" guys. 1 MB is a problem, yes. But we have Bitcoin Cash. And power consumption is not directly related to transactions. Bitcoin Cash can serve the whole world without using all energy on earth and more.

 

[molecular]

haha, awesome:

http://txhighway.com/#

this ia a animated version of the famous analogy picture based on live tx data. very well done piece of work!

@Norway: yeah, I'm half way through the hashgraph part. Looks like Mike stumbled into something and got sucked in. No way at this point to tell wether it has merit. Here's what seems to be a balanced view on hashgraph: https://hackernoon.com/demystifying-hashgraph-benefits-and-challenges-d605e5c0cee5 . It seems to be unclear at this point weather or not it works in non-permissioned settings and how it would fare under sybil.

 

[albin]

If there is a hat with this slogan, I would definetly buy one. If someone knows people who can do hats, please tell them this idea, it could be great.

I'm tempted to just go to a vistaprint or something like that and overpay for a small qty, because that's too awesome to pass up.

 

[Norway]

@albin
Whatever the price, it's not overpay. It's worth it. I'm ordering one red cap with that text from you. I don't care what you charge me.

EDIT: Just get the best quality you can get. Money is not an issue.

EDIT2: Make it two. Or three from me. I have a buddy that deserves one (he mined BCH at 30 petahash consistantly in the volatile period after august 1.)

And I want one spare to give away. Maybe in Tokyo.

EDIT 3: Actually @albin , can you get met 50 of those to hand out in Tokyo in march? At this point, I have to say that money is an issue. But not a big one. Just give me an (un)fair price and a QR code, and I will give you a shipping address and some of that magical Bitcoin Cash money!

 

[albin]

@Norway
I'll look into it and get back to soon, I'm not super familiar with hat making but I know what to deal with when it comes to print shops etc. We talking basically mimicking the classic red Trump hat?

 

[Norway]

@albin
Yes. Like this, but with "Cash" instead of "Great":

 

[awemany]

@Norway, @albin: I actually want to have a NO2X hat now. I became a true believer. What I once thought was an underhanded DCG astroturfing campaign orchestrated by Demirors, I now believe to have been a true BTC grassroots effort. Why didn't I see the light of small blocks truth earlier!

By the way, someone dug out something interesting on reddit:

https://www.reddit.com/r/btc/comments/7l7hyi/an_interesting_find_andreas_hosts_a_panel_with/

 

[Zarathustra]

We 'MAKE BITCOIN CASH AGAIN'. Deal with it, Lopp. Your bullshit has no power.

 

[awemany]

Talking about bullshit:

There's all kinds of ideas now what Core could be scheming. Maybe they are trying to go for a blocksize increase themselves now. That's what they urgently need, as everyone knows. Maybe they are also trying to play the waiting game with the promises in front of the hamster wheel just a little bit longer.

But in any of those cases, wouldn't it be a great idea now for the puppeteers of Blockstream/Core to get van der Laan to pass his maintainer role to someone else, to create the impression of things moving at Core?

Of course, all with full community consensus, LOL.

If I think about it, from the game mechanics, it seems almost like an obvious move now, so let's see whether I am right

 

[torusJKL]

You are not alone with suspicion that Core wants to increase the block size.

Eli Afram just released an article on this subject.
Is Core laying the groundwork for a blocksize increase?

 

[awemany]

The fear that they might just be successful is what keeps me from shifting more towards BCH.

But IMO, it would also be final proof that the miners are close to powerless and thus also the value proposition of Bitcoin on very shaky grounds. Maybe good for a final pump.

And thanks for the link by the way, yes there are signs indeed.
[doublepost=1513851335][/doublepost]What a dangerous flatlining of the retarget ETA:

https://fork.lol/pow/retarget

Looks like it is moving down now, but that was a close call it seems.