I wonder how many times BitFinex will be able to artificially pump up the price of Bitcoin.
Surly there is a limit.
And surly they're playing with fire especially since the NY AG said they were not to.
Ouch!
A small change now amounts to a massive change in the future.
In 2013 people toyed with the idea of small blocks, this has killed Bitcoin core.
In 2018 people toyed with the idea of changing the protocol and allowing laundering operations to flourish, this will kill Bitcoin cash.
Bitcoin still survives in the form of Bitcoin SV, and the amount of growth in the ecosystem is testament to this. It will flourish in the most positive way.
It's easy as a Bitcoin cash advocate to all out Bitcoin core, actually, it's unfair because anyone can understand Bitcoin core has knowingly broke the system.
It's not as easy for a Bitcoin cash advocate to attack Bitcoin SV, because their arguments all fall on the floor after enough debate.
"Local US Government To Use Bitcoin Cash SLP Tokens"
Congrats Josh Green on this exciting project in Dublin, Ohio!
https://www.reddit.com/r/btc/comments/c7vshk/local_us_government_to_use_bitcoin_cash_slp_tokens/
What happens when there is a split?
Bitcoin cash loves splits, and is prone to splits because of developers squabbling over the protocol.
The true measure of success of any Blockchain Project is NOT the price but the BLOCK SIZE....it is NOT the crypto currency exchange volume but the BLOCKCHAIN NETWORK TRANSACTION VOLUME.
UTILITY matters... It's the only sustainable reason for it's existence. It can not be forged. It's the real use case velocity.
Don't follow the Price, it can be manipulated and speculated - casino style.. the house is filled with gamblers pushing the card while the unsuspecting public buy it.
Follow the development. The price naturally follows the development. Only utility can sustain the price. Without utility, you are merely watching the price go up only to tumble down crashing again...an endless cycle of speculation, until one truly sustained it.
The future belongs to those who build. Bitcoin SV builds.
Bitcoin Block Rewards are a Subsidy. It will be cut to 6.25 in 2020; 3.125 in 2024; 1.5625 in 2028 and will continuously halve every four years until it runs DRY.
By system of economics, this Block Reward (Subsidy) is meant to be replaced by transaction fees brought about by Utility...ONLY UTILITY.
Bitcoin miners are incentivized to follow not by force but by economic system. Bitcoin is an Economic System.
This is a marathon race, decades in the making. All other speculative coins will go to ZERO. Only Bitcoin SV (BSV) will survive. Utility matters.