QUOTE(yokoloco @ Nov 17 2017, 11:00 PM)
from what I have gathered,
Roger Ver probably has the most btc in the market (probably bch as well) and team up together with Jihan Wu (of Bitmain miner group) who has controls probably the most hashrate for BTC miner group, to manipulate the BCH price with a pump and dump.
Bitmain block Segwit on BTC because their ASICBoost exploit doesn't work on it, hence they forked Bitcoin Cash.
this is the coin that is controlled by Roger Ver and Jihan Wu.
After Segwit2x is called off (allegedly according to their planned attack on BTC) Roger pushed the narrative that BCH is the real BTC and attacks BTC price and brand through manipulation and social media. its obvious the weekend price for BCH was manipulated and pumped up.
while it hasn't done any short term damage, this is the type of thing that causes government and regulatory bodies to come down hard on crypto.
to me, its just another alt coin. btc and bch can co-exist together, dont have to attack BTC for his coin to succeed.
be free to correct if I am wrong.
That pump happen because roger tweeted that he sold all his btc. There was a tread on reddit that he moved all 50k btc he had to buy alts. That triggered a huge pump in korea, He did not only buy bch but he bought others like eth. He was never a bitcoin only guy, he is an investor in other coins as well including zcash and Qtum.
A brief history about him,
He was one of the earliest guy to get into btc, he then become one of the biggest names in btc because he was traveling around promoting it since 2009/2010. He is also an investor in alot of early bitcoin startup like wallets and payment processing for merchants and others when there was very little users. He run bitcoin.com and was an investor in blockcain.info, the wallet with the most users. Back then btc was demonize because it was associated with dark markets but he continue to promote it as a cheap and fast value transfer.
What i notice this year,
His views diverge with core supporters because core wants to move users to lighting and charge fees. For that to happen, fees have to remain high on chain. He wants btc to be used as payment because he invested in alot of business that uses it as payment. Since fees are to high, he now choose to promote BCH.
Future,
Unfortunately i dont think BCH and Lightning network will win because they are still dependent on fees. I have seen so many new tech that replace fees and have high transaction limit and they have the budget to go around conferences to attract business to build on their platform.
eg -
1. eos transaction will be free because it replace fees with inflation
2. Iota replace fees with processing power
3. others etc.
This post has been edited by Gss2k: Nov 18 2017, 02:57 AM