Or is it that 250K sell would trigger a massive dump?
of course it would. volumes for all alts are tiny at the moment. 250,000 coins would wipe out every order on every exchange three or four times over. a sale or buy of that magnitude would have to be otc. OK, so are we concluding that Xapo did NOT sell those coins (unless otc)? They either kept them or went otc? These could be drained over the space of weeks plus it could be users moving to another BCH wallet and still stored since xapo is discontinuing Bcash support I don't expect to see any mayor selloff until later this month possibly next |
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anyone know how to get Bitcoin Cash? seems like there is a virus in Bcash electrum wallet where I cant download from window?
Many Thanks
Bitcoin Cash is the virus |
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Hm... that would cause a massive dump in price of BCH I guess? That wallet currently has 272614.64036484 BCC in it still |
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tek m8, may i ask, are you in or out just now of bch?
Out I have nothing I sold the initial dump and then re bought near the bottom just as it starting pumping from the koreans and then sold near the top I could have gone much higher but I didn't know how far it would go and wouldn't have been around if it crashed back hard so resold and been out ever since. If I sold my BTC for BCH I would have far far less than I do now so I think I made the right choice plus I also benefit from also getting Bgold and S2X come november but I don't expect anything from S2X I think it will be a non starter it seems to have far far far more hate than what Bcash did plus with no adjustments to the difficulty re-targeting and I don't expect garzik to bring any mining power so support his fork he's just trusting the miners will follow through with the signalling Have you seen the bets that Ver has accepted totalling 1000BTC over the BTC/S2 chain winning the majority he's crazy i do find it strange that you are here so much but have been out of bch for so long... anyways..as long as your happy with you decisions, thats all that matters...for all of us. 1000btc ver lols , is this the cobbles tweet thing about 250btc or something This new fork, will benefit bitcoin cash more than all the rest. I dont want any free bgold,lol if i do i may pick them off market later ( if it survives) after the obvious dump...far less risk that way. I stick around because I like to keep my options open and know what going off in all camps I don't just follow blindly like a religious cult Yes I believe in core they have the best developers and cryptographers but if it ever would become obvious that another chain would win out then I would swop hence why I like to be in the know Yea ver has accepted 4 bets for 250BTC each that if BTC becomes the majority the he will send 250BTC to all 4 and if S2X becomes the majority chain all 4 will send him 250S2X coins now if he would pay up is a different matter and the obvious all bets are off if the fork does not happen Trace Mayer also offered to bet him 25000BTC but he wouldn't do it Im not interested in buying any of the Bgold coins but I am interested in moving my GPU miners over I think early on there is the possibility to mine quite a lot while its not as profitable and valuable then hold them for a few years or so |
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tek m8, may i ask, are you in or out just now of bch?
Out I have nothing I sold the initial dump and then re bought near the bottom just as it starting pumping from the koreans and then sold near the top I could have gone much higher but I didn't know how far it would go and wouldn't have been around if it crashed back hard so resold and been out ever since. If I sold my BTC for BCH I would have far far less than I do now so I think I made the right choice plus I also benefit from also getting Bgold and S2X come november but I don't expect anything from S2X I think it will be a non starter it seems to have far far far more hate than what Bcash did plus with no adjustments to the difficulty re-targeting and I don't expect garzik to bring any mining power so support his fork he's just trusting the miners will follow through with the signalling Have you seen the bets that Ver has accepted totalling 1000BTC over the BTC/S2 chain winning the majority he's crazy |
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Get filled with bch asap, this is ready to shot up anytime guys  You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping It's starting to crash hard and may soon get to the point of no return when mass users start to cashout Its hard to watch it going below 0.1 and sliding towards its all time low.I am in two minds whether to scoop more at this low prize or wait longer for the prize to go down a bit more. I've bought my original allocation back at some tidy profit - happy to speculate on a later rise i predict retrace to .06  weeee #poof! The lower it goes the more sellout causing it to go even lower weak hands will start selling causing even bigger crashes until the strongest of hands are left worth something worthless Its like gambling when you are on a winning streak you have to know when to quit while your ahead but some get cocky and loose it all |
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Also only 2 month before the holders at xapo are forced to either withdraw or sell for BTC |
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Looks like BCH is dying slowly.   Today so far is lower still and dropping 9.63% 0.09634522 BTC When the difficulty first adjusted BCH was around 80% more profitable currently its only 53.4% more profitable Right now its at its lowest of lows if you don't take into consideration the value after the initial dump when there was a mass selloff |
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Here's Septembers month breakdown   |
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Thanks tek, I was wondering the basis of your opinion, you made me research it further than OP's copy of the bitcoingold page. There is a lot more info there than one would think. The face page link is informative as well as the tweeter link. I am seriously interested in this coin now.
Does anyone have any idea of what kind of wallet is in development to receive airdrop and mine day one, let alone split from bitcoin?
Yes I follow this on twitter ( https://twitter.com/btcgpu) they answer questions if asked im guessing to start off with the wallet will be a clone of the core full wallet but you should be able to use any bitcoin paper wallet to store offline as for a 3rd party light wallet etc that's hard to say I guess it will depend on if it gains any real value I was told there would be a mining pool set up at the time of launch but further than that I have no more information but I expect things to be similar to when Bcash launched |
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Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions. https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support. That is the great thing about using excess capacity, they only need to use it when it is needed. The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it. Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix. The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap. Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so. @tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.  ╥Aztek What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense. Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro. static const unsigned int MAX_BLOCK_SIZE = 1000000; Only in Kore BTC are the blocks constantly full, to where certain uneducated people think that every block has to be that size... So of course you only use a bigger block when you need a bigger block! "there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.
Your second statement is correct, but how does that follow from your initial claim? While we're on the topic, I've seen 3 solid years of evidence that one megabyte blocksize limit DOESN'T work. And the reason that it couldn't be increased was copy/pasted by countless brainwashed little Kore minions on reddit was "becuz decentralized". Ironically, BTC Kore is all mined and "made in China", just all the rest of the shit people consume in USA/Europe. Right now the coin spammers, hackers, and govt. agents are letting their guns are cool off. When the mempools get full again and the networks are running at capacity, BCH will shine and BTC will poop the bed. It's node decentralisation that starts to become a problem the miners may create the blocks but the nodes have to verify them this consumes bandwidth and CPU cycles if the blocks get big enough that they cannot be transferred and verified by the time the next block is found then you get useless empty blocks Since most mining is done in China and they need to use slow VPNs to talk to most of the outside world this may be a problem antpool already struggles to mine 1MB blocks |
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Get filled with bch asap, this is ready to shot up anytime guys You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping It's starting to crash hard and may soon get to the point of no return when mass users start to cashout |
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Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working |
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This altcoin could be genius and the very least opportunistic. I believe Ethereum is forking on the 25th of October as well and their block reward dropping to 3 eth/ from 5.
Information is vague at best, but to me it sounds like that this gpu coin already forked when bch forked from bitcoin. That would mean everyone same amount of gpu coin as they had bch from the airdrop.
Before block: 478558 will be airdropped
block 478558 + 16000 will be premined for ICO?
I'm guessing at 478558 will be a migration from sha256 to a gpu friendly algo? How many blocks beyond the 16000 ICO blocks will have been premined?
None the less, very interesting idea and excellent timing: it is probably just bitmain behind this coin just they are "presumably" bch. I would venture a guess that gpus will viable for near future but they will have an asic that they will only accept this new gpu coin for as payment?
Purely my opinion, all these forks of bitcoin are about obtaining more bitcoin. I'm holding my BTC and will gladly take the airdrops.
Its not been forked yet the actual forking block has yet to be decided last I heard it was block 487427 which was due 1st Oct but this was further postponed and now will be forked on the 25th October at a yet to be defined block height with the official release on the 1st November (the same time as the 2x fork) There was supposed to be a small premine to pay for a developer not sure whats happening with that now though but I agree it is a very interesting project and possibly has a lot of potential to steal hashrate from some of the shitcoins using a proven system thats tried and tested by core. Ive been told that when it launches that the difficulty will start really low which is fine if its adjusting the difficulty on every block and that there will be an official mining pool so users can start mining straight away |
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They will care when segwit & LN are shown to be sending counterfeit transactions.
Don't forget the miners are profit motivated only, and there is a group with ~70% control ,
they can time lock coins with LN, and then rewrite the chain to move their bitcoins before they were even locked.
And Viola , LN is now making transactions with counterfeit coins that no one will know until they try and redeem them.
Sidechains & Time Locking are vulnerable to counterfeiting and outright theft.
The uninformed just don't know it yet, because they listen to Bitcoin's Satan.
1st News Article and that segwit house of cards crumbles and it is not an if, but a how soon.
╥Aztek
If people use something that hasn't proven itself yet for anything more than small amounts then it's their own stupidity and they ought to be robbed, it's the only way they will (maybe) learn. The only point of using superfast transactions is when you are not willing to wait. That makes sense to me when standing in a queue and paying for an ice cream, maybe jeans, not even dinner really fits here. But if it's anything more expensive ($100+) how can you not be willing to wait 10 minutes? That just isn't rational. And even for those small amounts it might be safer/simpler to just use something like a Xapo card and a good old ATM. But I am pretty sure that in time those potential issues you mentioned will be dealt with, one way or another. However if someone doesn't wanna wait for the test of time then they should be robbed and (however cruel and extreme this sounds) possibly killed because stupid people are danger to themselves and everybody else. Most of the harm in the whole history of human kind was caused by human stupidity. Its not even finished its still in active development its like getting a pre alpha version of some software and writing about how its full of bugs even though these will be fixed through the revisions until its ready for release |
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I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin Is that a new alt coin project ? Then it is not related with bitcoin like bitcoin cash. Is it just a name resemblance or a work that is in the bitcoin team? I'm curious about that It's pretty much a copy of the core code with a different hashing algorithm and a revised difficulty adjust the only thing linking them is that they are forking from the bitcoin chain So Hashing: SHA256 > Equihash (same as Zcash uses) Difficulty: 2016 Blocks > Every Block That's pretty much it I think there is something about allowing blocksize to increase if nessesary but starting with the normal 1MB It's nothing to do with core and does not affect either core or Bcash hashing due to algorithm change and is supposed to have full replay protection |
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https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users? The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"? Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC? Hm... hm... any guesses? It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTCIn their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is: Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.
It's under the FAQ page neat the bottom https://support.xapo.com/about-bitcoin-cash
What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.
If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.
Please note the amount received will reflect the market rate at the time the sale is executed.
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Honestly, there is too many "what if" and "if" and "will be" and "maybe will be" in this scene. Both for BTC and BCH. I don't think "ordinary" people will use and take these stuff seriously any time soon unless something changes drastically and all this fighting and cloning and altcoining and forking needs to stop.  And you support the one that started it all There will be a lot of if this and if that's because nobody knows what will happen it's all speculation all we can do is go on the past to predict the present |
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