Quote from: ðºÞæ on February 19, 2019, 11:26:57 AM

Quote from: BobLawblaw on February 19, 2019, 06:57:12 AM

Quote from: ðºÞæ on February 19, 2019, 06:31:54 AM

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?
Lightning IS Bitcoin.

Right and Elephant IS a Car

I've come across a lot of strange and curious people on these forums in my time, but friend-o, you are a special kinda of retarded.

I would slow it down and explain things to you, but I afraid you lack an understanding of the fundamentals of Bitcoin and Lightning.

Come back at me when you've taken off your tinted glasses.

https://twitter.com/btcking555/status/1097819249538723841

https://offthechain.substack.com/p/who-is-going-to-step-up-to-help-bitmain

Bitmain appears to be suffering from the bear market. The cryptocurrency mining empire was responsible for more than 50% of all ASIC mining equipment at one point and had captured billions of dollars in revenue during the bull market. The recent downturn in prices over the last 14 months has put the company under immense pressure though. Here is what we know so far: - Bitmain reportedly made $1 billion in profits in the first half of 2018, which continued the companys impressive financial performance from 2017. - Bitmain began preparation for an IPO on the Hong Kong Stock Exchange during Q2 2018. This process requires them to file documents and information that has become a treasure trove for the media to dissect. - The latest filing reveals Bitmains financial performance for 2018 through Q3 (Q4 is not included) and claims the company booked $3 billion in revenue and $500 million in profits. - This suggests that the company suffered approximately $500 million in losses during Q3 2018 not exactly the data points you want investors to see as youre trying to go public. - There are also unverified reports surfacing on Twitter that Bitmains crypto balance sheet is down almost 90% from a year ago. The reports state the company currently holds 6,000 BTC and 750,000 BCH (~$130M value). Lastly, Bitmain reportedly had to sell 500,000 BCH over Q3 and Q4 2018 to cover losses.