I am not going to throw allegations out, but I believe there will be a day in the coming years where we read stories about organized crime and pump and dumps in this space. I believe the bitcoin forks will be at the heart of this all.
Everybody is happily singing the song of crypto while the music is going. Not sure how long it will last.
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.
It looks like bitcoin cash is going to be extremely useful for doing daily type transactions (ie. low dollar transactions etc.)
That is where the "scam" lies. It isn't discrediting BCH — BCH already did that to itself.
If you don’t like BCH then don’t use it, you can leave that to everyone else.
24HR Transactions:
* BTC — 328,580 [1]
* BCH — 20,255 [2]
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.
Far fetched idea is that these networks were designed for this type of washing. Clean and Dirty money enters in, someones bound to walk at some point.
That's an interesting way to think about BCH. Some of the price increase is justified due to the increasing legitimization of all crypto currencies but definitely not 100x.
What's more interesting is that, for example, Bitcoin Cash has a similar level of on-chain activity to 2012-era Bitcoin without the interesting shops accepting it, but its price is about a hundred times higher than 2012-era Bitcoin.