Illegitimate duplicate of the original Bitcoin. The equivalent scenario in the fiat world, would be a minority of people working inside the Federal Reserve suddenly defected and start printing USD on their own, albeit using A4 size papers for their fake money notes.
Blocksize increase alone will not be sufficient, larger block size also means more centralisation. The real upgrade is to move some of the load offchain called Segwit, which is also a prerequisite to lightning network.
Thirdly, if you compare their trends with hundreds of other altcoins, you would then realise the whole project is just another pump and dump scam.
Blocksize increase alone will not be sufficient, larger block size also means more centralisation. The real upgrade is to move some of the load offchain called Segwit, which is also a prerequisite to lightning network.
Thirdly, if you compare their trends with hundreds of other altcoins, you would then realise the whole project is just another pump and dump scam.
A: Should I buy Bitcoin or Bitcoin cash?
B: Even dogecoin is more legit than bcash. Just buy and hold Bitcoin proper dude.
B: Even dogecoin is more legit than bcash. Just buy and hold Bitcoin proper dude.
by Henry law August 21, 2017
Get the Bitcoin cash mug.A low IQ, low energy Bitcoin-loving bigot who thinks that any coin that has not been approved by the maxis ("shorthand for Bitcoin Maximalist"), should be thought of and labeled as a shit-coin. They are considered to be narcissistic, heavily opinionated and ill-mannered. A bitcoin maximalist will come in hot in almost any discussion but will not answer coherently, especially when their views are debunked.
Some refer to bitcoin maximalists as crypto-thought police, as they often dictate crypto narratives that end up shrouded in misinformation. They speak from an authoritative standpoint about Bitcoin and/or crypto, regardless if their positions and beliefs are based on complete B.S. Bitcoin Maximalists are notorious for using straw man arguments and will often block anyone that calls them out in any public forum.
Bitcoin maximalism ranges from Bitcoin obsession ("sees no other coin but Bitcoin") to Bitcoin conservatism ("believes that other coins can exist, but that Bitcoin is superior and should never change"). It is quite common to see newcomers, especially those coming from other overlapping industries (such as law or economics) taking the position of Bitcoin maximalist to be seen as knowledgable or to fit, despite getting into the space after a few months to a year and with no skin in the game.
Some refer to bitcoin maximalists as crypto-thought police, as they often dictate crypto narratives that end up shrouded in misinformation. They speak from an authoritative standpoint about Bitcoin and/or crypto, regardless if their positions and beliefs are based on complete B.S. Bitcoin Maximalists are notorious for using straw man arguments and will often block anyone that calls them out in any public forum.
Bitcoin maximalism ranges from Bitcoin obsession ("sees no other coin but Bitcoin") to Bitcoin conservatism ("believes that other coins can exist, but that Bitcoin is superior and should never change"). It is quite common to see newcomers, especially those coming from other overlapping industries (such as law or economics) taking the position of Bitcoin maximalist to be seen as knowledgable or to fit, despite getting into the space after a few months to a year and with no skin in the game.
Sarah: "It's great to see such a vibrant and open community developing Ethereum. I think I'd like to get involved."
Steve: "You do realize that Bitcoin has like 110% dominance. All other shit coins will go to zero, why bother with Ethereum?"
Sarah: "What evidence do you have that Ethereum will go to zero? Secondly, the DeFi applications are cool, not to mention there are countless applications being built on it, I feel Ethereum will continue to have a bright future."
Steve: "If it's not Bitcoin it's garbage and that's a FACT. Everybody on r/btc and r/bitcoin agrees with me so end of debate. Look, give lightening network like 20 years, and I promise you'll regret going to Ethereum."
Sarah: "You sound like a bitcoin maximalist Steve, having an open mind about crypto helps you know."
Steve: "You do realize that Bitcoin has like 110% dominance. All other shit coins will go to zero, why bother with Ethereum?"
Sarah: "What evidence do you have that Ethereum will go to zero? Secondly, the DeFi applications are cool, not to mention there are countless applications being built on it, I feel Ethereum will continue to have a bright future."
Steve: "If it's not Bitcoin it's garbage and that's a FACT. Everybody on r/btc and r/bitcoin agrees with me so end of debate. Look, give lightening network like 20 years, and I promise you'll regret going to Ethereum."
Sarah: "You sound like a bitcoin maximalist Steve, having an open mind about crypto helps you know."
by cryptoforlife July 16, 2019
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A gold digger who focuses on attracting tech entrepreneurs. A bitcoin digger can't use the typical clues for wealth and status (rolexes, etc.), but looks for guys who wear the same hoodie and jeans every day, name-drop venture capital firms, and prominently list themselves as "founder" or "co-founder" on LinkedIn.
"Christie's new boyfriend is head over heals for her, but he seems a little socially awkward. Nice, but awkward."
"I know. The only reason she is dating him is because he has a tech job in Silicon Valley. She's a shameless bitcoin digger."
"I know. The only reason she is dating him is because he has a tech job in Silicon Valley. She's a shameless bitcoin digger."
by stomps July 8, 2018
Get the Bitcoin Digger mug.Someone who tries to impress others by attempting to talk knowledgeably about cryptocurrency. The person will often try to give off the impression that they have-
1) Tech savvy
2) Significant amounts of money invested in cryptocurrency
1) Tech savvy
2) Significant amounts of money invested in cryptocurrency
Shane- "Patrick is such a bitcoin bore, he's just spent the past 20 minutes explaining that he was moving his Ethereum wallet over to EOS to take advantage of changes to Chinese regulations!!"
by VegasMalone January 3, 2021
Get the bitcoin bore mug.Someone who uses bitcoins as a way to get love, affection and in some cases sexual favors from more beautiful mainly younger women/men
"Yea I went out and found myself a bitcoin daddy. All these broke n***** with real money just ain't working for me."
by Anthony Pellerito January 7, 2018
Get the bitcoin daddy mug.A derivatives contract that is solely based on the price of bitcoin. These contracts can be traded on the CBOE & CME.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
Wannabe Futures Trader: I received 3 margin calls because bitcoin futures fluctuates through prices like a hot knife in butter.
by EazieWeezie January 11, 2018
Get the Bitcoin Futures mug.Also known as Bcash, Btrash or Shitcoin, it is scam aimed to confuse new bitcoin buyers, it's a highly centralized shitcoin promoted by the worst scammers in the cryptocurrency space. Bcash promoters call it a bitcoin fork but it's nothing but a copy of the original code with a small difference, a blocksize limit increase to make it more profitable for miners and more centralized. Bcash was airdropped to the original bitcoin holders which made most to dump their bcash in exchange for more bitcoins.
My friend bought "bitcoin cash" believing it was the real bitcoin, tried to make a bitcoin payment only to find out they are two completely different networks, another one scammed by the nigerians of crypto.
by Bitcoinization January 30, 2018
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