Yet Core lies and tries to convince everyone that we need SegWit and small block size because they’re fighting for decentralization. It’s the lies and bullying.

No we sold the free BCH at $800. Then repurchased from $450 down to $300, wherein in this thread I wrote it would go to $1500. We sold at $1500 as predicted. Now we’re nibbling again with BTC at $14,500 and BCH at $1400 (i.e. below 0.1 BTC again and right at the upward trendline on BCH-USD chart as support, i.e. not likely to go much lower unless that trendline fails or I’m it drawing wrong).

I’m looking for 0.3 - 0.5 BTC again on a moonshot when the BTC difficulty resets at these higher prices, so then as BTC corrects, I presume the big blockers are going to pump BCH again, and it will more profitable to mine BCH than BTC so a self-feeding moonshot cycle again.

I had two scenarios last week (if you read my other posts in Speculation). One was BTC would stall after recovering to $11k, and alts would run up. Or BTC would moonshot to $20k in December (because the CME and SBOE futures markets launch this month) and alts would pause first. So looks like the second scenario was the correct one. Remember I cautioned some days ago that it might be too soon to buy BCH. So now we’re getting closer to the time to buy BCH again.


At least Bitmain doesn’t lie about it. They make it quite obvious in fact. And they don’t try to lie and claim they are the official BTC. Instead they forked and let the market decide without putting blinders on n00bs and newbies with all that BS you and the Core jerks are shoveling. (But thanks to y’all for doing that obfuscation, because it has enabled the meteoric bubble, so thank you Core!)


Yet all the Mt. Box all have to settle onchain and thus they can overload the chain anytime they want to. Combine that with CME futures and the ability to short BTC to hell, they can have lots of fun fucking with the difficulty recomputation, transaction fees, and slowness of blocks, etc..

You’re not really thinking this out clearly from a technological and game theory perspective.


I will need to study the technological security of those instant offchain  “cross chain” swaps. I expect to find security weakness of the sort of game theory attacks I mentioned about Mt. Box settlement spikes on chain. In any case, any altcoin which enables Lightning Network (LN) is going to subject to the threat of volume spikes due to Mt. Box. If an altcoin is not threatened by that (because it can handle nearly any volume such as the design I am working on), then it doesn’t need LN any way!

Yes altcoins can already do transactions much cheaper than Bitcoin and that doesn’t matter. Bitcoin’s transaction volume demand will always continue to increase because BTC is the reserve currency of crypto and so everyone wants to bank their profits in their unit-of-account which is BTC.

Bitcoin’s transaction market share will drop precipitously, but its share of the economic pie of crypto will remain very significant and grow because of the reason I stated. BTC miners/whales do not care about transaction volume, they care about value of the transactions and thus the amount of fees that those whose transacts fit within 1MB block size can afford to pay. For example, when every BTC transaction is $10 million, then a $5000 fee per transaction will not be a problem.

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Presumably only transactions with had SegWit in their lineage would be at risk of being stolen with a massive chain reorganization.

And obviously its cheaper to only reorganize back in time to the point where enough BTC could be stoken to pay for the cost of the proof-of-work mining cost.

Also there is my crazy theory that BCH whales (who also include BTC miners) may have been trading BTC for BCH on exchanges, and they could also steal back those BTC while keeping the BCH, thus wrecking havoc on exchanges and on anyone who withdrew BTC from those exchanges.

I do not think there is any safe BTC unless you’re obtaining it from an address from before August. And if you trust that payer to not be colluding with the miners/whales who will steal BTC with the hypothetical chain reorganization.


That may not be sufficient if the theft occurs (which is granted possibly a small chance or maybe a large chance, I dunno).

After selling out of BTC to alts and the alts moon, then maybe better to buy gold and wait for this matter to be settled?

I‘m thinking a max price for BTC before any such theft to be in the range of $25 – $40k (although someone I know threw out an outlandish possibility for $100k).

So if I can take profits into gold at after trading that to alts (from BTC at $20k) for another double or so (so $40+K effective selling price), then I will not feel like I’ve lost any opportunity on a risk vs. reward basis.

Looks like the regression chart indicated BTC should be about $10K right now. So according to that theory, we’re already above the level it needs to correct back down to after it peaks. Apparently long-term support for BTC is around $4 – $6K right  now.


Well what if the SegWit attack never happened on Litecoin. Maybe Litecoin would become the offchain scaling coin, so all that potential insecurity of Mt. Box attacks on the chain, aren’t burdening BitcoinSatoshi any more.

However, there are other chains coming which scale to very high transaction volume such as EOS and my own project.

Also there is Raiden for offchain on Ethereum and perhaps they did not design it to have the same “pay to anyone” flaw.

We’re enjoying the clusterbubblefuck actually. Been fun trading back and forth between BCH, LTC, BTC and compounding the gains.

Never let a good crisis go to waste.