Tuesday, December 4, 2018

Can Bitcoin Survive - Part 2

The Bitcoin Cash Hash War
At 10.30 Craig Wright reveals his motive. That he wants to crush Roger and Jihan totally. He wants them to sell everything hey have to support ABC. At 11.30 Craig reveals that he(SV) is selling BTC. Today BTC fell through 4000. There will be panic. Lots of people have and are going to lose more money holding BTC or any crypto for that matter as they are all pegged to BTC. There will be a rush for the exits.
Whether Craig is Satoshi or not is irrelevant. This guy can certainly act on his pronouncements. He claims Roger and Jihan has at most 1.5 million BCH and not much BTC. Perhaps his group is selling BTC probably accumulated at less than $100. $3000 is still very good profit so we can say he can sell right down to $0 and still be smiling. Jihan has an IPO coming up. If BTC tanks like it is now he can kiss that IPO goodbye.
Bitcoin ABC hash rate just tanked today. Could be a switch to BTC to minimise losses but SV is still mining on. So Craig’s claim that ABC miners will give up before he does bears up. If that hash rate does not return ABC is toast.
How will this end?
Craig’s motive seem to be to get the banks and corporations to use BSV. Possibly a top down approach with banks offering BSV accounts to all their customers. If the incentive to banks is also controlling BSV then it could work. The road will be long nevertheless which is why he mentioned 2026.
BTC will not survive this price drop. It means no further development in mining technology. Some miners will shut down to lower the difficulty towards economic price equilibrium, and fire up again if the price recovers. If the Chain Death Spiral sets in then it is curtains. Block time will go so long that the chain will be unusable.
Who will be the winner
EOS is a third generation blockchain. The first was BTC with smart money. The second was Ethereum with smart contracts. And Eos with Smart contracts at scale. BTC depended on speculative money coming in from the real world economy. Ethereum depended on real world money coming into IPOs. EOS however is able to tap into sustainable real world income streams.
Whether you approve of gambling or not the gambling dapps on EOS are the first sustainable economically viable activity on a blockchain. This is real. Gambling is a human activity like eating and sleeping and sex. The operative word is sustainable. My estimate is that 10,000 Eos or roughly 40,000 dollars is now flowing into the EOS ecosystem daily and will escalate exponentially. This is real money coming in and it is here to stay and grow the ecosystem. Not speculation.
Then you will have Dapps like EVA taping into the ride share market. Another revenue stream from the real world economy and there could be others on the horizon.
If I am right about this then we should see a decoupling of EOS from BTC. That is the price of EOS will no longer follow BTC going down. Lets lay back and see how this plays out in the next few days.


  1. Buy adult traffic at a reasonable price, with daily customer support. Value for not winning. Examine the order form and choose the trip plan you need, then specify the details of your visit plan, fill in your personal details and submit your application to buy adult traffic.

  2. This comment has been removed by the author.

  3. Hi bro thanks for this great article i really like this post and i love your blog you;---------------> Zong free internet 2019 new trick 10000% Working <---------------

    ----jazz free internet 2019----

    ---Ufone free internet new code 2019--
    --earn money easy daily 20$

    get free recharge on all sims
    --Earn free 100$ click here

    how to Protect your articls on blogger

    Free tv on all sims 2019 100%working new method

    whatsapp gb latest update 2019 | offical download

    Best google adsens working tricks

  4. Bitcoinist
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

  5. Bitcoinist
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

  6. Use cryptocurrency btc to buy top up phone with bitcoin mobile recharge credits https://www.netell.net/ to international prepaid sim card number instant transfer online worldwide Top Up Phone With Bitcoin Mobile Recharge Credits

  7. This is an informative blog about bitcoin, Thanks. Hope you share new informative blogs. I know one best website for cryptocouncil
    Crypto Council – The Authority on Blockchain Research and Analysis

  8. Bitcoinist
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

  9. Bitcoinist
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

  10. Ayo Join Bersama Kami Sekarang Juga Dengan Bonus Dan Kemenangan Jutaan Rupiah Sekarang BONUS UNTUKMU KLIK DISINI SEKARANG

    WA : 0852-2255-5128

  11. Great job. If you want to know more about blockchain you should visit this site where there are many different categories including real estate blockchain

  12. I needed to put you a bit of word to help say thank you again for those nice things you've contributed in this article. This has been so shockingly open-handed of people like you to supply freely what exactly a few individuals could possibly have sold as an e-book to help make some profit on their own, most importantly since you could have done it if you ever wanted. The advice in addition worked to be the fantastic way to understand that most people have the identical dream really like my very own to see many more with regards to this problem. I am sure there are thousands of more pleasurable periods in the future for individuals that look into your blog.
    direct paying faucets

  13. Trusted Bitcoin Exchanger Trusted Crypto Currency Conversion website all type of coins like Ethereum Bitcoins Ripple Litecoin Dogecoin Monero xrp xmr

  14. Are you looking for the best and fastest cryptocurrency conversion website from bitcoin to bank account. We are are for you visit our  5 star feedback and 100% trust flow  website for best services. 

  15. Thanks a lot for providing individuals with an extremely wonderful chance to read in detail from here. It's usually very useful and also full of a good time for me and my office fellow workers to search your website at minimum 3 times in a week to see the newest stuff you will have. Not to mention, I'm at all times amazed concerning the special tips and hints you serve. Certain 1 tips in this posting are honestly the finest we have all ever had. bitcoin faucet

  16. I precisely desired to thank you very much all over again. I do not know the things I would've worked on without the entire pointers documented by you over such a concern. Completely was a real scary concern in my position, however , encountering the specialised way you solved that made me to jump for contentment. I'm just happy for the service and even believe you realize what an amazing job that you are undertaking teaching people today all through your blog. I'm certain you have never got to know any of us. direct paying faucets


  17. This is really amazing and perfect website to exchange cryptocurrency bitcoin to bank account easily. Do not waste your time and join us, we are providing best crypto exchange or withdraw services in all over the world. Visit for more details.

    WhatsApp: 088 98 10 51 543

    Somos correspondentes bancários das seguintes instituições: BANCO BRADESCO S.A. – (CNPJ 60.746.948.0001-12), BANCO SANTANDER BRASIL S.A. – (CNPJ 90.400.888/0001-42), CAIXA ECONÔMICA FEDERAL. – (CNPJ: 00.360.305/0001-04).

    Dentre disso confeccionamos cartões e informações de várias instituições financeiras, caso você trabalha com esse tipo de material nos procure pelo WhatsApp. Estaremos aqui para tirar todas as suas dúvidas, lembrando quê nós não trabalhamos com Clone.

    Boletos bancários:

    Pagamos boletos bancários e só cobramos 50% do valor.

    Obs: só nos procure se estiver realmente interessados.


    Trabalhamos também com emissão de CNH ( carteira nacional de habilitação). Avisamos que dentro disso emitimos todas as categorias exemplo: AB, AC,AD e AE. Fazemos também a renovação da sua CNH e transferimos o seu prontuário para qualquer Estado Nacional.

    WhatsApp: 088981051543

  19. How to fix Binance account accessing problem
    Are you a Binance user? Are you facing problem while accessing Binance account? There are numerous issues like password errors, transaction errors etc. that disables the working of Binance in a smooth way. If you are interested in fixing all the problems in a jiff, you need to dial Binance Customer Support Number +1【(877)-209-3306】. The well-equipped professionals will deliver accessible and prompt solutions so that users don’t get into any of troubles while implementing them. If you again face any difficulty, you can get in touch with them at that time as they are available 24/7 for assistance.
    Website: http://www.cryptophonesupport.com/exchange/binance/

  20. The economic landscape of today is not only demanding but it also comes with a lot of pressure.
    Businesses are starting to see that they need to do something different and unique if they want to make an impact and grow.
    Asset Finance And Leasing is a great way for any company to grow.


  21. Our Expert Swimming pool contractors team build and repair pools and other larger water equipment.
    They are responsible not only for the pool itself and the equipment necessary to maintain it, but also for installing safety devices to protect the pools' users.

  22. Unable to create an account in Binance+1【(877)-330-7540】Support Number
    Do you want to create an account in Binance? Do you know the proper process to create an account? If you don’t know, there is no need to get worried at all as you can always connect with the bunch of executives who are always at your support. All you have to do is dial Binance Support Number +1【(877)-330-7540】which is the easiest pathway to get rid of errors by taking guidance from the team.
    Website: https://www.cryptophonesupport.com/exchange/binance/

  23. Bitcoin to paypal is one of the best and fastest way to exchange or transfer digital currency everywhere in the world. So, if you are looking for the best website for bitcoin or any other currency visit our website now because we are number 1 in the world. Visit now for more details.

  24. Jadilah jutawan mendadak sekarang juga hanya bermain di sentapoker,com. Hanya deposit 15ribu kamu sudah bisa mendapatkan bonus 10ribu dan berkesempatan memenangkan hadiah ratusan juta hingga milliaran Rupiah! Jangan sampai ketinggalan dengan bonus yang akan datang nantinya hanya di sentapoker,com

    WHATSAPP : +6285921063064
    BBM : SENTA88


  25. Bitcoin can certainly survive. I think it is not doing too bad right now. Check out Bitcoin falls after suddenly increasing. Read interesting latest news about world, business, investments, marketing, advertising, funny moments and more. Check out Canada Forums for interesting Canadian news.