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Jiang Zhuoer Quotes Jack Ma to Support Bitcoin Cash and Calls it Satoshi’s Bitcoin
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Jiang Zhuoer this Thursday posted an article on 8btc that BCC is the only right way for big blockers to dominate the cryptocurrency world.
In the article, he cited Jack Ma’s speech at the Moscow International Forum for Innovative Development that most people see it first and then they believe it and very few people would believe first and then they see it happen.
Jiang believes that BCC is the real Bitcoin. He further revealed that he has a five-figure BCC and Wu Jihan has a six-figure BCC.
Wang Chuan, an independent investor who has 30,000 followers on Sina Weibo questioned that it’s unconvincing to say BCC is Bitcoin.
“The daily transaction volume of Bitcoin is 30 times larger than that of BCC. The average Bitcoin transaction fee is about two dollars to three dollars, which is acceptable to most users. Though BCC only costs about 10 cents, it is not convincing enough to say that BCC has a chance to dethrone Bitcoin. It would be like saying a secondary city doesn’t have the problem of traffic congestion, so its housing price will overshadow a metropolis.”
Jiang responded that the question is not that the metropolis has terrible traffic, the real question is that rulers of the city don’t think it is a problem. It’s a systemic problem.
Jiang Zhuoer noted that the current version of Bitcoin is a Ponzi scheme without any values.
Some Bitcoin users criticized that Jiang always contradicts himself. When BCC first came out this August, Jiang said that he neither supported nor condemned BCC. But now he started to mislead the community claiming that BCC is Bitcoin, is real Satoshi. And just several days ago he boasted Segwit2X on Weibo.
In addition, some BCU holders said that they trusted Jiang and bought BCU on Bitfinex, but Jiang later abandoned BU and now they lost 90% of their investment.
Jiang clarified that:
“I support big block, but not a specific version. And I never abandoned BU, BU died from lack of hashrate and poor coding.”
A large part of those who commented the article think that Jiang switched to support BCC because he has a big stake in it. But some agree with Jiang and show great respect to him.
“I first heard of Bitcoin because of Jiang’s article. He has done a lot in promoting Bitcoin,” said a BCC holder.
Meanwhile, there are people who bought BCC at the price of 6000 rmb and plan to invest more and hold them long.
I have been living two lives. In one life, I am a news editor of 8btc. I translate news, interview bitcoiners and miners. In the other life, I am an AI bot programmed to .......Forget it! Who is gonna buy this BS! I'm just me, Cindy, nobody else.
COMMENTS(28)
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: 8btccom
Jack Ma’s company built the citizen point rank system for China’s government. As such, quoting Jack Ma about anything Bitcoin / freedom related is ridiculous. The article is vague as shit.
We think alike
Miners need to look out for themselves. No one will do it for them. Since they are the only ones getting paid by the protocol, they need to understand that it’s expected that carpet baggers will be coming from all directions to steal their fees. They need to examine changes like SWSF, both from a technical and economic level, see who’s pushing it and why, and then decide if it’s in their long term economic interest. And then actively do something about it. For too long they deferred their decision making to core dev. That’s not turned out well at all and it may be too late. Godspeed gentlemen.
That’s nice. It still isn’t Bitcoin.
It’s more about Jiang Zhuoer’s stance rather than Jack Ma.
Jiang believes that BCC is the real Bitcoin. He further revealed that he has a five-figure BCC and Wu Jihan has a six-figure BCC.
Satoshi’s Bitcoin as opposed to greg’s bitcoin.
I agree.
If current miner groups don’t fully understand their responsibilities in the system others will likely rise up to take control from them. They can’t defer their interests forever.
ofcourse a miner claims bcash as the real bitcoin. bcash is trash.
Grilling him for lost investment before
These “investors” still don’t get it, you don’t just go to some oracle, ask him about whether a coin will moon, sit on your stash and get free money. The key is commerce, and buying that crab from that Bitcoin Cash grandma is way more productive than sitting on their asses complaining.
.@JiangZhuoer quotes Jack Ma to support #BitcoinCash and calls it Satoshi’s #bitcoinhttp://news.8btc.com/jiang-zhuoer-quotes-jack-ma-to-support-bitcoin-cash-and-calls-it-satoshis-bitcoin …
.@JiangZhuoer quotes Jack Ma to support #BitcoinCash and calls it Satoshi’s #bitcoin http://news.8btc.com/jiang-zhuoer-quotes-jack-ma-to-support-bitcoin-cash-and-calls-it-satoshis-bitcoin …
Yet so few of these whales are actually selling their BTC for BCH. Why? Are they talking up the orderbooks while you buy into BCH and they dump it ? Over the past 2 month all we have seen is BCH continue to capitulate in price. Why?
Its safe to assume the original Bitcoin is gone and Cash is the only the remains relatively closer both from the blockchain history and fundamentals perspective, so there is still a chance of Bitcoin Cash end being the winner, carrying the spirit of the original project. A rebirth if you will.
Smart man.
I’m hearing this more and more from economic illiterates like you from the core side.
If you understood basic economics, you’d understand that as being a whale they’re all set financially. Set, done, finished as far as having to troll for a living, like you. Thus, they have to be risk averse with their holdings. Mind you, they’ve probably converted way more BTC for BCH , in absolute terms than ALL the smaller players who have gone all in on BCH, but that’s because the latter have far less to lose, not only in absolute terms, but relative terms. And for sure they’ve converted more than you’ve converted from BCH to BTC. So STFU noob.
Jiang responded that the question is not that the metropolis has terrible traffic, the real question is that rulers of the city don’t think it is a problem. It’s a systemic problem.
Yes!
It’s a management problem. Bitcoin cannot be saved unless the people at the top, Blockstream and Core, are removed.
The prospect of btc’s failure requires very little analysis once this factor is taken into account.
btc: “Failure by design”
It’s true. I’m barely a minnow, which made it easy for me to decide to dump all my BTC for Bitcoin Cash. I’ve been around a long time. I invested in bitcoin back in the day because I read the white paper. Not because I had seen the huge price swings. That’s often the difference between old guys and new guys. Those same new guys are the ones that don’t get why Bitcoin Cash is the real bitcoin, just like they didnt get why they should buy Bitcoin in the first place.
Correct.
http://news.8btc.com/jiang-zhuoer-quotes-jack-ma-to-support-bitcoin-cash-and-calls-it-satoshis-bitcoin …
Well said!
dream on and get poor
Some Bitcoin users criticized that Jiang always contradicts himself. When BCC first came out this August, Jiang said that he neither supported nor condemned BCC. But now he started to mislead the community claiming that BCC is Bitcoin, is real Satoshi. And just several days ago he boasted Segwit2X on Weibo.
In addition, some BCU holders said that they trusted Jiang and bought BCU on Bitfinex, but Jiang later abandoned BU and now they lost 90% of their investment.
Ah, I see a pattern with people behind BCH
btc went down for 2 years, yet I still got some. People who believe in Bitcoin will continue to believe in bitcoin (cash) while the world keeps moving.
and then decide if it’s in their long term economic interest.
Something tells me you don’t have a lot of experience mining. As someone who spends thousands of dollars on mining gear my goal is to get my fucking ROI back ASAP, I don’t give a fuck about next year, I just want my ROI so I can get some coins to keep before the next tier of miners are out.
Lucky you. I have 3y experience mining from 2011 – 14. You mine to get the coin you think will go up in value the most. At one point I held 1% of network hash all by myself.
I think it’s awesome you have mined but it’s a different game now. ASIC.
my 2nd and 3rd generations of miners were ASIC’s. had the original Avalons and then the Megabigpower Bitfury boards. damn, it was fun but alot of work. mined way more than the cost of those puppies though. what a great investment and learning experience.
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