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21  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 04, 2017, 03:56:57 AM
Just installed Electron Cash in my notebook, transfered my BTC to a new wallet, send my old btc private key from an empty old btc wallet, BCC funds OK, nice, right server sync OK, then I've made a transaction with enormous amount of fee to my Bittrex BCC online wallet:

Fee   0.00634838 BTC   2.54 USD

Unconfirmed transaction with more than an hour, LOL  Grin, I really don't care about rescuing these coins, it's more a test to see how the BCC/BCH network is going on and I can say it's slow as hell, trash.

BCH little bastard coin will probably die with this puny hashrate power, where are the miners to confirm transactions and secure the network? China only?

Crappy coin indeed.





You sound like you've made up your mind already so you definitely should sell as fast as you can. Bitcoin
Cash is only three days old, though, and seems to be doing pretty damned well IMO. It definitely has proven the Core/Blockstream narrative that a hard fork would cause mass disruption or the valuation to tank to be patently false.

so that's what you base your judgement on, Three Days? During those three days people really havn't been able to do anything to it, nor has it's market settled, nor are some of the exchanges acting honestly, nor people will have there BCH for months.
Im only 14 days into blockchain, but even I can tell your off...


As a new fork starting with the same full difficulty as the legacy chain, I think it's doing quite well to date. Am I deciding nothing bad can happen from now on based on three days history? Not at all. But I'm also not writing its obituary, especially considering it has experienced no real problems so far.

If I'm wrong, and you have specific incidents to demonstrate this, please educate me. I'm here to learn.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: Do Not Use Electron Cash! on: August 04, 2017, 03:45:44 AM
Just chiming in to say I've used Electron Cash several times now, and sent a transaction once. Worked every time. One time it did start up on the wrong block chain, but I just manually corrected it per:

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcore - BTX - SEGWIT - BLOOM - ONLINE - CORE 0.14.1 -142000+ BTX Claimed on: August 04, 2017, 03:18:40 AM
Any work progressing on a functional Lightning Network for Bitcore?
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XLM] Stellar - Decentralized trading platform on: August 04, 2017, 03:09:31 AM
Does anyone know the current status of the Direct Signup Program? If it's not on hold, how can I join? If it is on hold, is there any information on when and how it will resume?
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 04, 2017, 02:55:54 AM
Does anyone know where the project stands with respect to the distribution roadmap of Lumens outlined in the OP? Does the two existing Bitcoin Stellar Lumens airdrops mean all 20% earmarked for this purpose has already been distributed or is being distributed? What about the other segments of the distribution plan?

Never mind, just discovered the updated thread.
26  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin cash? More like bitcoin crash! on: August 04, 2017, 02:49:44 AM
Grin Grin Grin

Everyone is just claiming their BCH and trading into BTC lol  Grin
Why do all bitcoin user's say that BCH is some kind of a trash, is there any problem with it? Or you guys just dont like the new one? Tell me Undecided

I'd like to know the answer to this too, but from my experience you won't get much in the way of actual explanation. Most that profess this position have simply bought the propaganda emanating from this censored forum and other censored venues like reddit.com/r/Bitcoin without evaluating what they read by applying their own critical thinking. I'm pretty happy about it, though. I'm waiting for this predicted dump to reach bottom so I can get my Bitcoin Cash at a bargain price.
27  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 04, 2017, 02:39:08 AM

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

Did your instance of Electron Cash start up on the right block chain? Follow this guide to be sure (as of this post the BCC block height is 478609 vs 478918 for BTC):

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/
I tried above steps. Nothing works. Block Height is 478610

Hmm. Have you tried installing regular Electrum (for legacy Bitcoin (BTC)) on another computer and putting in that seed to see if the correct BTC balance shows up? If it does, I'm out of my depth. I can only tell you my experience with Electron Cash worked without problems.

If you try that and you get a zero BTC balance, I think that implies you have the wrong seed, because the one you've been trying is likely empty.
28  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 04, 2017, 12:48:19 AM
Just installed Electron Cash in my notebook, transfered my BTC to a new wallet, send my old btc private key from an empty old btc wallet, BCC funds OK, nice, right server sync OK, then I've made a transaction with enormous amount of fee to my Bittrex BCC online wallet:

Fee   0.00634838 BTC   2.54 USD

Unconfirmed transaction with more than an hour, LOL  Grin, I really don't care about rescuing these coins, it's more a test to see how the BCC/BCH network is going on and I can say it's slow as hell, trash.

BCH little bastard coin will probably die with this puny hashrate power, where are the miners to confirm transactions and secure the network? China only?

Crappy coin indeed.





You sound like you've made up your mind already so you definitely should sell as fast as you can. Bitcoin
Cash is only three days old, though, and seems to be doing pretty damned well IMO. It definitely has proven the Core/Blockstream narrative that a hard fork would cause mass disruption or the valuation to tank to be patently false.
29  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 04, 2017, 12:17:01 AM

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

Did your instance of Electron Cash start up on the right block chain? Follow this guide to be sure (as of this post the BCC block height is 478609 vs 478918 for BTC):

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 04, 2017, 12:10:50 AM
Anyone have information about merchant adoption of Byteball? Of Blackbytes?

there ain't none. it'll need to be on more than a handful of exchanges for starters. it'll come in time.

It's too bad. Otherwise, the project really seems to be coming along.

You can't expect merchants to accept a coin that has the majority of the supply in the creators hands, this is obvious, most exchanges don't list it because it's still only gonna be 50% distributed (on aug 7). Once it's fully distributed you can expect adoption and marketing to really begin, or maybe even before the last distribution. It will happen soon, in a few months, winter is coming... ^^

Quite right. I suppose I wasn't considering the big picture.

Edit: I suppose the same logic means Ripple (and maybe Stellar Lumens) will have a difficult time with respect to merchant adoption.
31  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:58:32 PM
If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.
Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?
 

Oh shut up and enjoy your increased net worth already.  

Hear, hear.
32  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:49:59 PM
Sigh these shills; at least be less obvious.

If I'm saying anything a "shill" would, you haven't demonstrated it at all. But keep calling people names and ignoring what they're saying, the market will decide what works and what doesn't now that Bitcoin Cash exists.
33  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:41:55 PM
Is it safe to wait days or week or should one redeem Bitcoin Cash from BTC immediately?

As long as you hold your own private keys safely it shouldn't make a difference now that the chain fork is done. I'd just advise waiting for a lot of confirmations before completing a transaction if you're receiving Bitcoin Cash (BCC aka XBC/BCH) from someone you don't trust right now (probably at least 8 - 12 confirmations until Bitcoin Cash difficulty is completely settled; and since block times on Bitcoin Cash are still long, that takes a while).
34  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:31:28 PM
If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.
Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?

I believe my statements are true, but I suppose truth is in the eye of the beholder. I've reference my sources. Where are yours? I am indeed a supporter of the original intent of Bitcoin, which I believe is currently embodied best by Bitcoin Cash.

Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation.
No. Research and common sense.

So far I can't agree with your "common sense", but I'm willing to look at this research if you'll link some.

Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding.
If it is unnecessary, why not make the maximum block size 1 GB? Roll Eyes

Actually, since there is an existing 32 MB limitation in the variable type, I would've been fine with removing the limit altogether. When Satoshi originally added the limit, average block sizes were hundreds of (even more than a thousand) times smaller than 1 MB. A limit only 32x larger would certainly have been no problem. Also, there are built-in incentives and limitations that would prevent miners from hurting their own returns by deploying block sizes they cannot economically handle. Trust the market and the original system design if lacking hard proof that it needs to be changed.

Lastly, it was always the original plan to remove the temporary block size limit.
Which has no relevance to anything today.

Tl;dr: Bitcoin Cash is a scam.

Since you repeatedly fail to substantiate any of your claims, I find what you're saying has no relevance to anything today.
35  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:20:18 PM
Be happy to see some reasons.

the fact that they are spamming the BTC mempool is scammy enough for me



Sounds like a conspiracy theory unless you can prove any of the transactions did not have a legitimate purpose (or completely lacked miners' fees). It makes far more sense to me to align incentives in the system such that so-called "spam attacks" are costly and ineffective, and thus irrelevant. Simply examine graphs of Bitcoin's transaction growth over it's ~8 year history. It was always bound to run into the 1 MB limit eventually, whether such "spam attacks" actually exist or not.
36  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 11:13:11 PM
Unless it's also Bcore or Segwitcoin for legacy Bitcoin, or Eclassic instead of Ethereum Classic, the new fork is called Bitcoin Cash not Bcash. Why are you so afraid of it that you have to denigrate it with a fake name?
It is not Bitcoin. Calling it Bitcoin Cash is misleading at best and only serves to cause more confusion and problems down the road. Example: https://www.reddit.com/r/btc/comments/6rcade/cbs_is_referring_the_new_chain_as_bitcoin_cash/

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

You need to pay attention to who has been doing what, and why. Massive centralization of the network; what could possibly go wrong? Roll Eyes

Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation. Moreover, the project never promised decentralization for decentralization's sake, only "A Peer-to-Peer Electronic Cash System" which exhibits a practical amount of decentralization. Bitcoin Cash simply hews back to the original plan, rather than going off on a severe tangent without ever establishing community consensus about new project priorities first. Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding. It simply does not strangle a working system before other proven options are already available.

Lastly, it was always the original plan to remove the temporary block size limit. Bitcoin Cash is simply following through (finally).
37  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 03, 2017, 10:53:28 PM
Anyone have information about merchant adoption of Byteball? Of Blackbytes?

there ain't none. it'll need to be on more than a handful of exchanges for starters. it'll come in time.

It's too bad. Otherwise, the project really seems to be coming along.
38  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 10:47:23 PM
Quote
The whole idea behind Bcash is a scam, and they have absolutely zero credible developers. Better safe than sorry.

Unless it's also Bcore or Segwitcoin for legacy Bitcoin, or Eclassic instead of Ethereum Classic, the new fork is called Bitcoin Cash not Bcash. Why are you so afraid of it that you have to denigrate it with a fake name?

You seem convinced it's a scam or untrustworthy. Be happy to see some reasons.
39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 03, 2017, 10:38:20 PM
Anyone have information about merchant adoption of Byteball? Of Blackbytes?
40  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 03, 2017, 10:25:59 PM

Since I can't verify that myself right now, and I haven't seen any peer-review that confirms it is properly implemented, I'd rather not risk it.



Of course you're free to wait, but it's been running without problems now for three days. I've done several dozen transactions myself. All have confirmed without issue (I was running the latest Bitcoin ABC client).

EDIT: Oh, I forgot, also sent an Electron Cash transaction which also worked fine.
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