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Why Bitcoin forks? Exchanges would be where the fraud happens. MtGOX was insolvent and yet they inflated the price of Bitcoin across all exchanges. Bitfinex is

Why Bitcoin forks? Exchanges would be where the fraud happens. MtGOX was insolvent and yet they inflated the price of Bitcoin across all exchanges. Bitfinex is alleged to be engaging in the same market manipulation through margin wash trades and their central bank scheme of free Tether minting. Bitcoin forks are funny because it's decentralized software with a shared database history from the time of the fork. After an update, users can choose to use one or the other. Unfortunately the incentives are warped for miners and devs, so users might not have the best possible design. There's an excessive amount of propaganda surrounding cryptocoins because "investors" need to psychologically lure you in to buy their supply, which they've acquired for significantly lower value, lower capital, and lower computational work then you if you're starting after them. [0] https://medium.com/@bitfinexed/latest https://medium.com/@bitfinexed/latest

pmorici 9y ago
Because supporters of Bitcoin Core want to dis-credit Bitcoin Cash and the way they are doing it is by promoting a bunch of increasingly scummy Bitcoin forks. Then they say hey look these forks are all scams. Bitcoin Cash is a fork there for it too is a scam. Nothing could be further from the truth though.
- tradersam 9y ago
  Ver rode the Cash band-wagon to help his position of control over the ecosystem, as did many others. Hundreds of millions of value was created — and a lot instantly lost — in a day. It's been pumped over and over again by mining pools looking to make a quick buck while the difficulty is low as well. That is where the "scam" lies. It isn't discrediting BCH — BCH already did that to itself.
  - pmorici 9y ago
    Here is an example of a typical clueless Bitcoin investor with irrational hate toward a prominent player in the space who did nothing more than express their genuinely held opinion.
    - tradersam 9y ago
      Well, good job at assuming incorrectly. You wouldn't know by my comment that I've been in the space since '11, or that I've contributed to the codebase (however slightly). Nope, you just see a completely pragmatic view of Ver's actions as an attack, probably formed on the r/btc sub (that he mods). I love how you say "completely clueless" too — because it's ironically you.
      - pmorici 9y ago
        So an individual exercising their economic freedom to buy and sell an asset and express their opinion is an "Attack" in your book?
  - curyous 9y ago
    Do you have a problem with Ver helping to restore Bitcoin’s original functionality of making instant, practically free transactions? If you don’t like BCH then don’t use it, you can leave that to everyone else.
    - tradersam 9y ago
      "Everyone else". Lol. 24HR Transactions: * BTC — 328,580 [1] * BCH — 20,255 [2] [1]: https://bitinfocharts.com/bitcoin/ https://bitinfocharts.com/bitcoin/ [2]: https://bitinfocharts.com/bitcoin%20cash/ https://bitinfocharts.com/bitcoin%20cash/
- anonymous5133 9y ago
  Agree, bitcoin cash from my experience has been more useful than bitcoin. I was able to send bitcoin cash without any fee at all and was able to get it confirmed in the next block mined. It looks like bitcoin cash is going to be extremely useful for doing daily type transactions (ie. low dollar transactions etc.)
DSingularity 9y ago
Because forks were necessary for their plan. The exchanges we're definitely in on it. Adding futures for forks? Is there any doubt that they were colluding?

pmorici 9y ago

Because supporters of Bitcoin Core want to dis-credit Bitcoin Cash and the way they are doing it is by promoting a bunch of increasingly scummy Bitcoin forks. Then they say hey look these forks are all scams. Bitcoin Cash is a fork there for it too is a scam. Nothing could be further from the truth though.

tradersam 9y ago
Ver rode the Cash band-wagon to help his position of control over the ecosystem, as did many others. Hundreds of millions of value was created — and a lot instantly lost — in a day. It's been pumped over and over again by mining pools looking to make a quick buck while the difficulty is low as well. That is where the "scam" lies. It isn't discrediting BCH — BCH already did that to itself.
- pmorici 9y ago
  Here is an example of a typical clueless Bitcoin investor with irrational hate toward a prominent player in the space who did nothing more than express their genuinely held opinion.
  - tradersam 9y ago
    Well, good job at assuming incorrectly. You wouldn't know by my comment that I've been in the space since '11, or that I've contributed to the codebase (however slightly). Nope, you just see a completely pragmatic view of Ver's actions as an attack, probably formed on the r/btc sub (that he mods). I love how you say "completely clueless" too — because it's ironically you.
    - pmorici 9y ago
      So an individual exercising their economic freedom to buy and sell an asset and express their opinion is an "Attack" in your book?
- curyous 9y ago
  Do you have a problem with Ver helping to restore Bitcoin’s original functionality of making instant, practically free transactions? If you don’t like BCH then don’t use it, you can leave that to everyone else.
  - tradersam 9y ago
    "Everyone else". Lol. 24HR Transactions: * BTC — 328,580 [1] * BCH — 20,255 [2] [1]: https://bitinfocharts.com/bitcoin/ https://bitinfocharts.com/bitcoin/ [2]: https://bitinfocharts.com/bitcoin%20cash/ https://bitinfocharts.com/bitcoin%20cash/
anonymous5133 9y ago
Agree, bitcoin cash from my experience has been more useful than bitcoin. I was able to send bitcoin cash without any fee at all and was able to get it confirmed in the next block mined. It looks like bitcoin cash is going to be extremely useful for doing daily type transactions (ie. low dollar transactions etc.)

DSingularity 9y ago

Because forks were necessary for their plan. The exchanges we're definitely in on it. Adding futures for forks? Is there any doubt that they were colluding?