Statement from Bitcoin Cash CEO
Wild night of trading, If you participated I hope you had a great time. I know I did. :)
Woke up to check on a morning pump and saw this statement from Bitcoin Cash's CEO
https://www.bitcoincash.org/letter-from-the-ceo.pdf
We’re a young community and eager to win the future – not just disrupt some old irritating players in finance, but actually win the future. And as the Chief Executive Officer of this young movement, I carry a special burden of not repeating the grave mistakes and mismanagement of our predecessor and spawnpoint. It was first observed by resilience expert Vinay Gupta, that while Bitcoin has an enormous technical resilience, it has – had – no more resilience against social bickering and bitter infighting than any other randomly chosen sucking project. As events have played out between 2015 and 2017, we know just how correct Mr. Gupta was, while everybody else was feeling invincible. In short, to succeed, we need the social dispute resolution mechanism Mr. Gupta called for. At the same time, this cannot be a mechanism that allows an adversary to slow us down, or even allow ourselves to slow us down, for we have seen what happens then all too closely, and at far too high a cost. But we also tend to be people who don’t take no for an answer, and we need to factor that in. So what happens when two of us do not agree? What is the outcome when we want different things?
What are your thoughts on the wild market swings? I don't think Bitcoin Cash will win the Bitcoin war, but it might provide us with a few more epic market swings.
Stay Tuned.
Oops! bitcoin is unpredictable
How can you claim to be Bitcoin and have a CEO? What a bad joke. I am no anarchist or even libertarian, but that sort of centralized power for a crypto coin? Count me out, even in seeing a long future for that coin.
It might be hard for Bitcoin Cash to take the lead but who knows this is crypto market uncertainty is common out here !
hmm have a feeling it wil go down back alot, and yeah that bitcoin will recover and raise higher.
Good question, I think, what's going on with Bitcoin Cash is the next pump of bulls, nothing more. Of course, rumors and news fluctuate Bitcoin, but this is not the first time and he will again rise again. Thank you @whatsup
well i think bitcoin cash is still preety new compare to bitcoin and another thing is that they also have a planned hardfork schedule to occur tomorrow Nov 13, i thing these swings might also connected with it and it looks like a run up to the new free cash that will come out as the result of the fork, after that we'll see if this run up was real or just another quick cash scam.
I'm a little confused...I'm trying to sell some bitcoin on GDAX...Not on the limit option, but as market...And I'm getting an error that says "Order size is too small. Minimum size is 0.01"
What does this mean? That there's a minimum amount you have to sell even on the market option?
I don't use that exchange, I'm sorry I have no idea.
Sounds like nothing but mere words ^^ "Not just disrupt some old irritating players in finance, but actually win the future". Right, how much transactions per second can they actually do? 15 or so?
@whatsup,
Hope it will not make any kind of epic fall this time :D But personally I think BCH went too far this time and if fall it might hurt a lot of people!
Cheers~