RE: memo.cash: A kind of Twitter on the Bitcoin Cash Blockchain / Amazon wants to deanonymize Bitcoin Transactions with Data Marketplace / Parity: Is this a Bailout - or a Rescue?

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memo.cash: A kind of Twitter on the Bitcoin Cash Blockchain / Amazon wants to deanonymize Bitcoin Transactions with Data Marketplace / Parity: Is this a Bailout - or a Rescue?

in cryptocurrency •  7 years ago 

There is no adoption

There has been massive merchant adoption, which is one of the prerequisites for using it as money.

Meanwhile, the BTC fork has been seeing negative merchant adoption - all because unpredictable fees were an upwards driver of support costs for businesses making Bitcoin more expensive to accept than credit cards or paypal.

There is also adoption from developers, this just isn't immediately apparent because software takes time to develop.

And now, on the brink of being sued in a class-action, he stands to lose it all.

You're joking, right?

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  ·  7 years ago (edited)

Look carefully at this transaction chart -- http://fork.lol/tx/txs

The wiggling orange line, Bitcoin, is in a range consistently above the near flatline blue line, BCash.

That isn't adoption, its 110 or so transactions every 3 hours compared to ~1,500 or higher for Bitcoin. Its been like this for months. Saying you have "merchant adoption" that doesn't translate into more transactions for BCash means --- no one is using your merchants.

Its right there, stats and all.

The "muh high fees" narrative has been shredded since the spam attacks stopped, and now with the addition of Lightning, there haven't been any issues with instant payments, even as low as 0.00000001 -- paying a fee of 0.00000001. Its one of the reasons Very Wrong Ver doesn't mention it anymore, and is now attacking Lightning itself through various posts and campaigns.

Maybe read this article, it breaks down why Very Wrong Ver will continue being wrong - and more about the legal problems he now faces -- https://hackernoon.com/thats-not-bitcoin-that-s-bcash-f730f0d0a837

Dude your joking right? You provide no fee statistic to back up that its higher cost than credit cards or paypal. More importantly there is a reason Bcash is listed 99th on coin geko's developer rating... not even Very Wrong Roger can pump that up!
https://www.coingecko.com/en?sort_by=developer_score

Bgold is in the #23 spot so why are you not shilling that instead or does that not fit your core conspiracy world view? Low fees plus no mining cartel, and best part of all no charlatans with billion dollar lawsuits coming up like CSW. Rogers Bitcoin dot com lawsuit probably wont be in the billions lol.

Merchant adoption day of segwit upgrade (april 27th 2017) https://coinmap.org/#/world/25.79989118/-16.87500000/2
7,271 Total Merchants on Coin Map

Today there is over 12,373 merchants using BTC - almost doubled the amount of merchants compared the all the years previous combined. Yes probably some of those are using Bitcoin Cash but by your logic you would only use Bcash after trying the "broken" BTC.

Are you a Flat Earther as well? Lots of cross over between the Bcash community and that group. I'm talking to a brick wall and should probably just stop if you a Flat Earther I know you don't like to fuck with logic and reason.

regardless of this I think it's a good thing ver's is getting sued as he is using trickery to lure users and has surely caused more than a few people to miss invest as bitcoin.com is a very missleading website.

2018-05-01-161101.png

What about this is deceptive?

You provide no fee statistic to back up that its higher cost than credit cards or paypal.

Why did Steam stop accepting BTC? Because of the unpredictable fees. People would make purchases with out of date wallet software that would include an insufficient fee for the transaction to confirm. Then when their purchase didn't go through, they would contact Steam support. The costs incurred by this were greater than the profit they were making from BTC sales.

Merchant adoption day of segwit upgrade (april 27th 2017)

Now, I can see that I am wasting my time replying to you, since you are clearly clueless. SW was not locked in or activated until August.