Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc. And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke. How is comparing tx numbers with percentages even remotely the same Lol we are at 8 billion + volume BTC dominance is increasing. With those low fees and empty mempool Bcash is gonna die  Coinbase had now rolled out Segwit to a percentage of coinbase and gdax customers with 100% expected next week and also has a dedicated developer to work on the lightning network How can we tell if we using Segwit on coinbase or not? I mean coinbase just assign us a bitcoin address to deposit? Will segwit be much faster and as safe, without losing coins and stuff? If your address starts with a 1 then its legacy and if it starts with a 3 then its segwit and segwit is just as safe |
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It won't happen but if BTC did change it's PoW then no the current value could not support all the hashing power there is just not enough value there you will possibly find miners refusing to mine really low value transactions antpool and f2pool was doing that a bit back on BTC f2pool even tweeted out that if you want them to mine your transaction then you need to pay a higher fee A similar thing will most likely happen the miners may refuse any transaction below something like 10sat/B You would probably find many miners quit and bitmain unable to sell new mining equipment So never say never https://twitter.com/CobraBitcoin/status/967237696379813888. Sadly enough is it desperation signs Or another high level fud? But one thing for sure that cannot be called Bitcoin anymore. If bitcoin was to change the PoW algorithm it would still be Bitcoin eventually it may have to happen as quantum computing starts to become a reality but this will probably be many many years away and likely not in our lifetime Isnt bitcoin at the moment is power of work? Bitcoin and bitcoin cash are all power of work right? Its called proof of work not power of work and yes both are proof of work |
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It won't happen but if BTC did change it's PoW then no the current value could not support all the hashing power there is just not enough value there you will possibly find miners refusing to mine really low value transactions antpool and f2pool was doing that a bit back on BTC f2pool even tweeted out that if you want them to mine your transaction then you need to pay a higher fee A similar thing will most likely happen the miners may refuse any transaction below something like 10sat/B You would probably find many miners quit and bitmain unable to sell new mining equipment So never say never https://twitter.com/CobraBitcoin/status/967237696379813888. Sadly enough is it desperation signs Or another high level fud? But one thing for sure that cannot be called Bitcoin anymore. If bitcoin was to change the PoW algorithm it would still be Bitcoin eventually it may have to happen as quantum computing starts to become a reality but this will probably be many many years away and likely not in our lifetime |
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Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc. And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke. How is comparing tx numbers with percentages even remotely the same Well it was your analogy, but if you still can't see it, I'll explain it for you. Kore claimed that Segwit was a 3.5x capacity increase (tachometer shoots up 3500 rpms). Speed (and Tx capability) remained basically unchanged (possibly 1.1x increase), so the speedometer didn't move. Fees went through the roof (the engine overheated), and everybody fled the car fire. Greg Maxwell poured some "champaign" on it to no avail, then he left too. Now the car is fine (low fees). Except it's a burnt-out shell that won't move. Segwit is still not widely adopted hence you are not seeing it's full benefits yet With the rollout of 0.16.0 just around the corner as the final release has now been tagged this will help make the transition to segwit much easier for everyone as it it now default but even then you will not see it's full benefit until the rollout of bech32 addresses they are now a option on 0.16.0 but segwit wrapped in P2SH is the current default So far Bitcoin has always just worked for me shame I cannot say the same for BCH I just reset my HW wallet the other day and the little bit of BCH that was in it was not as easy to move to a new address/seed with the neew cashaddress format I had to bounce it around a couple of times cos my wallet wouldn't accept it as a valid address |
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Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc. And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke. How is comparing tx numbers with percentages even remotely the same Lol we are at 8 billion + volume BTC dominance is increasing. With those low fees and empty mempool Bcash is gonna die Coinbase had now rolled out Segwit to a percentage of coinbase and gdax customers with 100% expected next week and also has a dedicated developer to work on the lightning network |
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Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc. And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke. How is comparing tx numbers with percentages even remotely the same |
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Hello I have 0.8 BCH available at the moment and I’m selling for 800$. Contact me if you are interested in buy. Thanks
It is traded in many exchanges. Why do not you sell there. The question should be why are they wanting to sell below market rate sounds highly suspicious |
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Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed |
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Today I sent a few BTС and paid only $0.23 for it. The transaction came in a few minutes I did not even have time to finish my coffee)) It seems to me that because of these improvements of the original bitcoin network, BCH can lose its popularity. Roger Ver is loosing the battle atm...
$0.23? You overpaid. I made a 5 satoshi/byte tx ($0.1) few days ago and it went through almost instantly. Depends on the inputs I sent 1BTC a few days ago for 2sat/B and that cost me $0.13 |
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Good thing - you can see how decentral dev & idea competing works in real live. It's about to improve Bitcoin Cash into Smart Contracts and Colored Coins / asset pegging, but not to f_ck all up like ETH... BTC is still busy with 'txs' ... Cmon run your little BTC-LN-SW RASPISS nodes and be happy for ppl still wanna do some txs  It's actually quite the opposite they are arguing because Bitcoin cash is becoming too centralised it was supposed to have competing development teams but in reality ABC dictating the development with over 95% of all clients and it's something they wanted to get away from Nope - you spread fake news. There was also not really much to do yet - and ABC had the lead an some important stuff. BU is very strong as well. XT needs to keep up a bit nChain is still very present. Lots of other individuals have a speak (bitcoinj,..) The outcome is relevant and I see a good discussion style as it should be. One such thread https://np.reddit.com/r/btc/comments/7z112c/the_community_needs_to_distance_itself_from/There are many like this with lots of disagreements this is not what you want |
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Good thing - you can see how decentral dev & idea competing works in real live. It's about to improve Bitcoin Cash into Smart Contracts and Colored Coins / asset pegging, but not to f_ck all up like ETH... BTC is still busy with 'txs' ... Cmon run your little BTC-LN-SW RASPISS nodes and be happy for ppl still wanna do some txs It's actually quite the opposite they are arguing because Bitcoin cash is becoming too centralised it was supposed to have competing development teams but in reality ABC dictating the development with over 95% of all clients and it's something they wanted to get away from |
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It's great to see the Segwit adoption increased every day. Mempool is almost empty. Bitcoin dominance almost at 40% all looking good  Coinbase rolling out Segwit now with 100% planned by next week Bitfinex is now segwit Bitcoin Core 0.16.0 is now Native Segwit (Segwit P2WPKH default with bech32 optional) nail in the coffin for bcash=segwit There also seems to be a lot of fighting going on within the Bcash community was reading through a nice long thread on r/btc earlier something to do with the op codes and one of how ABC is dictating the path of Bcash something to do with deadalnix |
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It's great to see the Segwit adoption increased every day. Mempool is almost empty. Bitcoin dominance almost at 40% all looking good Coinbase rolling out Segwit now with 100% planned by next week Bitfinex is now segwit Bitcoin Core 0.16.0 is now Native Segwit (Segwit P2WPKH default with bech32 optional) |
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nobody actually likes bitcoin cash
Your statement is clearly false. you are hired by him am sure he has hired many people to keep posting crap offcourse your a worker for him a slaveYour statement is false. Again. You are a liar. People who have reality on their side do not have to lie to try to make a point. You are pointless. You have not said anything about the video posted here a bit back of your fakoshi openly saying Bitcoin nodes should only be run by banks and corporations Do you have any thoughts on this that one of your great leaders intent to let banks and corporations run Bitcoin cash Your are correct that I have not said yet anything about that video. What do you believe is relevant in regards to this factoid? More importantly, where is your evidence that 'you are hired by him'? Obviously having none, you are exposed as a cretin who will make shit up in order to try to score a point in what could otherwise be a legitimate argument. Everyone reading along now sees this. Congratulations in demonstrating yourself to be a liar. What makes you think I recognize 'your fakoshi' (I assume you are referring to Craig Wright? Why not just say so in order to remove the ambiguity?) as 'one of [my] great leaders'? While I don't agree that all but banks and corporations should be prevented from running fully-validating, non-mining wallets, I do recognize that such non-mining entities add no value to the network itself. Whether Bitcoin Cash or Bitcoin Segwit. edit: I just went back and found the misattribution that I think you are likely referring to: https://twitter.com/StopAndDecrypt/status/965429695071301632This is rich - CSW does not in this short video snippet ever say anything resembling 'only banks and corporations should run nodes'. So not only are you a liar, you are standing on the shoulders of previous liars. Are you sure about that pretty sure it's Craig    |
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nobody actually likes bitcoin cash
Your statement is clearly false. you are hired by him am sure he has hired many people to keep posting crap offcourse your a worker for him a slaveYour statement is false. Again. You are a liar. People who have reality on their side do not have to lie to try to make a point. You are pointless. You have not said anything about the video posted here a bit back of your fakoshi openly saying Bitcoin nodes should only be run by banks and corporations Do you have any thoughts on this that one of your great leaders intent to let banks and corporations run Bitcoin cash |
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and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now. and who expected this exactly??? lol btw what is a validating node? This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU. It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend. And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on. Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf sorry this validating node does not making sense to me. I think your misunderstanding is just semantics. A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent. A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners. When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure. I know how the network works maybe you just didn't understand what I said lol What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid. As long as users are able to run their own nodes then the miners must produce blocks the users will accept |
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and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now. and who expected this exactly??? lol btw what is a validating node? This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU. It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend. And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on. Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf tek: fixed it for you: asics existed before 2008 so did sha256 lol No shit really So you are saying satoshi did not invent SHA256 I thought I had seen it before somewhere now it all makes sense /s Of course ASICs existed before 2008 that was never disputed Plus technically bitcoin users SHA256d or Double SHA256 |
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and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now. and who expected this exactly??? lol btw what is a validating node? This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU. It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend. And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on. Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf |
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Craig Wright the real faketoshi here with his view of how Bitcoin should be run https://twitter.com/StopAndDecrypt/status/965429695071301632"Users shouldn't run full nodes these should be run by banks and corporations" You must be crazy or mentally deranged if you support thus narrative bitcoin is to meant to free everyone from the current financial system controlled by the banks and governments how would they control the money if the people with the coins hold the private keys? also why do the users care who supports the network? asking for a friend is not the most important thing that there is a network and it is a non-party to the transactions? the benefits are lost if you still must obtain permission from a 3rd party! the only one supporting the network are the ones getting potential reward or else why would they do it? omg lol how is anything else even a narrative lol I do not think the system was implemented to reward people for going against their own best interests. that is something else not bitcoin. Your private keys mean shit if the banks control the nodes This chain you are on now with all your wealth well guess what the banks just forked off to increase the supply for inflation and now your wealth is diluted. What's that you say they won't do something like that ? Why not what would make you think the the banks would run Bitcoin any different to the current financial system that they control. The miners don't care they will mine on whatever chain the users are using and giving value to even ones run by banks It's important that users are able to run their own nodes if they wish and we are in control of the majority of the nodes and our wealth and the chain the miners want to mine on the network was not designed to need nodes that do not provide hash to compete for blocks . sorry you do not understand this. it is actually very simple. there is a problem a) how do we get a decentralized network. b) solution: incentive the people who voluntarily run nodes by giving them network tokens as a reward for wining the latest block. How folks came up with this nodes that do not mine is totally insane. why would you run a full node if you are not providing hash? or better question how? lol When the network was designed it was done in a way that yes only miners need to run nodes but then pooled mining etc didn't exist and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now. What we have now is a few pooled miners that can easily change the rules and the only thing that can stop them is the fact that there are still 1000s of listening validating nodes that would need to all be convinced to change with them and if they cannot convince all the validating nodes to change then they would be mining something that is worthless to everyone else. |
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Craig Wright the real faketoshi here with his view of how Bitcoin should be run https://twitter.com/StopAndDecrypt/status/965429695071301632"Users shouldn't run full nodes these should be run by banks and corporations" You must be crazy or mentally deranged if you support thus narrative bitcoin is to meant to free everyone from the current financial system controlled by the banks and governments how would they control the money if the people with the coins hold the private keys? also why do the users care who supports the network? asking for a friend is not the most important thing that there is a network and it is a non-party to the transactions? the benefits are lost if you still must obtain permission from a 3rd party! the only one supporting the network are the ones getting potential reward or else why would they do it? omg lol how is anything else even a narrative lol I do not think the system was implemented to reward people for going against their own best interests. that is something else not bitcoin. Your private keys mean shit if the banks control the nodes This chain you are on now with all your wealth well guess what the banks just forked off to increase the supply for inflation and now your wealth is diluted. What's that you say they won't do something like that ? Why not what would make you think the the banks would run Bitcoin any different to the current financial system that they control. The miners don't care they will mine on whatever chain the users are using and giving value to even ones run by banks It's important that users are able to run their own nodes if they wish and we are in control of the majority of the nodes and our wealth and the chain the miners want to mine on |
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