So does b2x has website? who is behind the coin?
http://b2x-segwit.io/Don't recognize any of the no names listed. They will be switching to the x11 algo. Looks like total shit to me. Must miss. |
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I'm missing the significance of Kansas. Isn't Kansas pretty flat? Yes, but the state just to the west isn't. We aren't in Kansas anymore, Toto.  My personal price point is downtown Emerald City. I know, mixing memes like this is confusing.
MOON now?
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So where is this candle going to top out?
Somewhere between Carolina and Kansas is my guess. I'm missing the significance of Kansas. Is there a Meme for that? I think it should be from Carolina to Colorado instead. https://www.youtube.com/watch?v=eOB4VdlkzO4 |
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this bounce can be driven by the B2X fork, you know hold btc to get your forked coins.
We'll see after the 28ish what's what.
Someone posted pages back that we will only get those forked coins if btc is held on certain approved exchanges.. can anyone comment on this? Looks like you will be able to claim if you want to put your private keys in harms way. http://b2x-segwit.io/faq/ I think SatoshiLabs is most probably going to ignore this. So I probably will not be claiming. I am certainly not going to move my whole stash of BTC from the keys on my Trezor to Yobit or Hitbit to claim. |
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this bounce can be driven by the B2X fork, you know hold btc to get your forked coins.
We'll see after the 28ish what's what.
Why would people pump up the market like this for a possible 2% gain? I'm planning on ignoring it myself. Of course, I am a minnow so 2% would barely pay for a new roll of toilet paper. |
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Best part about the Nakamotorola Razr is that with Blockstream's artificial suppression of blocksize to 1mb it can act as a node! That right there's technological evolution!
As opposed to the $20,000 hardware required to run BCash nodes. Those must be some phones! And hey look, I can make smarmy sarcastic smartass comments too! Actually, in order for the BCH chain to require the $20K server, they actually would have to be able to fill 1GB blocks. It appears they are nowhere close to even regularly filling 8MB blocks, so you should be able to run a BCH node on the same cell phone for quite sometime. |
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Blimey!
And I'm not even particularly into bcash. I guess to chat here you just sing the bitcoin anthem huh?
Yay bitcoin.
sung to tune of "Fish heads"Bitcoins Bitcoins Honey Badger Bitcoins Bitcoins Bitcoins Buy them up, yum. |
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This meme makes BTG look too good. |
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The reason that Crytopia's market is higher than the other exchange is because the wallet is in maintenance. This prevents new coins entering their market. Also, people are prevented from using arbitration. Once the Cryptopia market comes back online, it is likely to go back down as all of the fresh coins hit their market. |
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Is there still a chance bitcoin breaks ath before the new year?
Get me some of whatever this guy is smoking. You never know. DCG may decide they need to offload some $20K+ BTC to some noobs on Coinbase to ring in the New Year. PS: I live in Colorado, so you already know what I have been smoking. |
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First of all, there is no perfect competition. Some businesses will always gain an edge. As happens over and over again, an oligarchy is eventually formed. If left unchecked, a cartel is then formed. Then the cartel can charge whatever price the market will bear. For some products and services, this price is quite high indeed. As can be seen from the current tx market with Bitcoin, the cost people are willing to expend on a transaction is quite high. Pennies is not going to be that price. It will be magnitudes of orders higher.
This is actually a good point. TX fees are extremely high right now because BS/Core has formed a cartel in order to limit the production of block space. What is confusing (and ironic) is that the miners (those who one would naively suspect to attempt to form a cartel) want the production quota lifted! So, yes, experience is showing that Bitcoin is somewhat susceptible to cartel formation (it's just surprising that it's cartels of developers rather than cartels of miners). Oh yes, this recent growth in the mempool is totally organic.  Or do you think Bitcoin Core may be deliberately spamming the network even though AFAIK, it would have no benefit to them? Seems like a pretty pricey demonstration for them to demonstrate why LN is needed. Of course, Saint Jihan Wu and friends would never consider stuffing the mempool with lower fee transactions so they can collect the higher transactions piling on top of that. We all know Saint Jihan Wu is much too altruistic to even consider doing something like that. Does it matter the reason who or why transaction fees are high? To me the high fees are a weakness which is being attacked. It is completely predictable. Bitcoin Cash sees an opportunity and it is attacking Bitcoin . (a predictable result) “the opportunity of defeating the enemy is provided by the enemy himself.” ( Core's high fees) ― Sun Tzu, The Art of War tags: defeat, enemy, opportunity, strategy, war Even if Bitcoin Cash was never launched, this would have been exploited for profit. However, Blockstream is developing an alternate method, which would give an alternative to this cash cow. No longer would you ultimately need a mining node to cash in. Also, the cost of entry for someone to set up a lightning network hub to profit will be lower than the set up cost for a mining/SPV node to handle unlimited block size, which is the ultimate goal of Bitcoin Cash. Always remember, a miner has the power to include or exclude any transaction from the block they are trying to mine. Even with unlimited blocksize, a mining node can elect to exclude any transaction using any criteria. The criteria most likely to be used is a certain "small fee." Add on top of this the "small monthly SPV service fee." I hear the cash registers ringing for Jihan Wu. https://www.youtube.com/watch?v=cpbbuaIA3Ds |
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First of all, there is no perfect competition. Some businesses will always gain an edge. As happens over and over again, an oligarchy is eventually formed. If left unchecked, a cartel is then formed. Then the cartel can charge whatever price the market will bear. For some products and services, this price is quite high indeed. As can be seen from the current tx market with Bitcoin, the cost people are willing to expend on a transaction is quite high. Pennies is not going to be that price. It will be magnitudes of orders higher.
This is actually a good point. TX fees are extremely high right now because BS/Core has formed a cartel in order to limit the production of block space. What is confusing (and ironic) is that the miners (those who one would naively suspect to attempt to form a cartel) want the production quota lifted! So, yes, experience is showing that Bitcoin is somewhat susceptible to cartel formation (it's just surprising that it's cartels of developers rather than cartels of miners). Oh yes, this recent growth in the mempool is totally organic. Or do you think Bitcoin Core may be deliberately spamming the network even though AFAIK, it would have no benefit to them? Seems like a pretty pricey demonstration for them to demonstrate why LN is needed. Of course, Saint Jihan Wu and friends would never consider stuffing the mempool with lower fee transactions so they can collect the higher transactions piling on top of that. We all know Saint Jihan Wu is much too altruistic to even consider doing something like that. |
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Gee, and I thought you were just being facetious. So you really think Peter R's explanation of how competition works to drive down prices is incorrect, and deserves ridiculed dismissal?
First of all, there is no perfect competition. Some businesses will always gain an edge. As happens over and over again, an oligarchy is eventually formed. If left unchecked, a cartel is then formed. Then the cartel can charge whatever price the market will bear. For some products and services, this price is quite high indeed. As can be seen from the current tx market with Bitcoin, the cost people are willing (albeit grudgingly) to expend on a transaction is quite high. Pennies is not going to be that price. It will be magnitudes of orders higher. |
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I thought this was supposed to be P2P trustless electronic cash. Not connect to some hub and pay additional fees. However, Mr Wright seems to think that if I run a node, and not mining, that I'm just a fat wallet wasting network resources. Such plebs as us should just connect via SPV and pay fees. Wow, Mr Wright, that's really going to help the unbanked of Africa. I'd expect there will always be some form or "free service" available (both for Merkle-branch proofs and for transaction confirmations). But I suspect timely-confirmations will cost around a penny and that timely SPV proofs will cost several-orders of magnitudes less. You have too much faith in many of these pool operators, who would be running the mining and the nodes. You really think they are going to charge pennies when they can command dollars? If they were making absurd profits by overcharging their customers, then new businesses would start up additional SPV-servicing nodes and charge slightly-lower prices to win over customers and claim some of that juicy profit. Eventually, a market forms where the marginal return on investment for new SPV-servicing nodes is close to the risk-free interest rate in the economy. This is microeconomics 101. And what is to prevent the mining nodes, which are also the SPV servicing nodes, from simply ignoring the new upstart's node or charge them a fee? After all, the tx must be relayed to a mining node, to be included in a block. You can start up your own mining operation, but it will face stiff competition from a certain company that already controls 70% of the ASIC manufacturing. You could then decide that you need to make your own Asic chip. Now, for your start up that can reasonably compete, you are talking quite the pretty penny just to setup. You really think they are going to be charging pennies? |
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I thought this was supposed to be P2P trustless electronic cash. Not connect to some hub and pay additional fees. However, Mr Wright seems to think that if I run a node, and not mining, that I'm just a fat wallet wasting network resources. Such plebs as us should just connect via SPV and pay fees. Wow, Mr Wright, that's really going to help the unbanked of Africa. I'd expect there will always be some form or "free service" available (both for Merkle-branch proofs and for transaction confirmations). But I suspect timely-confirmations will cost around a penny and that timely SPV proofs will cost several-orders of magnitudes less. You have too much faith in many of these pool operators, who would be running the mining and the nodes. You really think they are going to charge pennies when they can command dollars?  |
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That’s right.
Just introduce 10GB blocks and call it a night. Problem solved.
Let's just hope people who can actually run a node don't get the bright idea to charge subscription fees to let your SPV wallet connect to them. This is inevitable. It cost time and money to run a node which serves headers and Merke-branch proofs to SPV clients. Eventually, businesses will charge for this service, perhaps using payment channels. I'd suspect the cost would be well under $1 per month, as it would be a high-competition / low-margin type business. An income stream for non-mining nodes would be a positive development, as it means we're not relying on altruism. Do you disagree? I thought this was supposed to be P2P trustless electronic cash. Not connect to some hub and pay additional fees. However, Mr Wright seems to think that if I run a node, and not mining, that I'm just a fat wallet wasting network resources. Such plebs as us should just connect via SPV and pay fees. Wow, Mr Wright, that's really going to help the unbanked of Africa. |
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I think bch has a large capacity so it is very good to make long-term investment and will bring benefits for its adopters and for next year is a fantastic price increase
It seems to be that bitcoin cash has these excellent features and can completely eliminate bitcoin in function. But bitcoin is not a simple virtual coin, it has a certain symbolic meaning, it is the banner of this encrypted currency group, it is irreplaceable!  Funny they once said the roman empire was irreplaceable, guess what they were wrong. LOL. Time cares little for what they think as history keep proving. ╥Aztek The Roman Empire did not die. It lives on today at the Vatican. |
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That’s right.
Just introduce 10GB blocks and call it a night. Problem solved.
Let's just hope people who can actually run a node get the bright idea to charge subscription fees to let your SPV wallet connect to them. Hell no. Fees should be nearly zero. Miners should work for free. Are you capitalist or what? I'm a Nancy Pelosi type of democrat. I believe that I should be able to wear pearl necklaces that have pearls so huge, it would make Wilma Flintstone jealous. At the same time, I will pay lip service to the plight of the poor. |
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That’s right.
Just introduce 10GB blocks and call it a night. Problem solved.
Let's just hope people who can actually run a node don't get the bright idea to charge subscription fees to let your SPV wallet connect to them. |
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I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.
I agree... start slow and move up. Just do something. Amazing how people can't see the obvious. 2MB blocks, 8MB, 64MB, whatever you want MB is not the solution. And 8MB blocks by BCash has low fees for simple reason absolutely nobody is using it. You can put whatever cap you want sooner or latter fees are going to again get up as adoption spreads, and we are not even at the beginning of real adoption, meaning adoption at the Twitter or Facebook users number levels. Block size increase will only lead to many people not being able to run a node and solve nothing. The only solution is LN, true solution without any side effects. Unlimited number of transactions, 0 fees, period. There is no point of making Bitcoin more centralized when LN are just around a corner. Let's first try and see how it works before we hard-fork to bigger block-size forever. The BCH team is working on getting rid of the blocksize limitation altogether. So If you want to backup all of you photos, the BCH chain will be a great place to do it. Only people with servers that cost 20K USD to setup will be able to run a node. Craig Wright believes only mining nodes matter. I'm not sure a fee market can be established with unlimited blocks. |
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