Coin still active on yobit, there is a linger of a party still going on.
As long as the blockchain works and you can deposit and withdraw to YoBit Exchange then it's far from dead. The blocks are too fast. I gave up on the coin because the wallet spends an inordinate amount of time verifying & downloading the blocks coming in. Sometimes, me putting together a transaction using coin control and sending would take 20 minutes. The computer that I was using was 5 years old, but the I5 4 core wasn't exactly a Raspberry Pi... |
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How is the holder of the bitcoin losing out here?
Don't get left holding the bag.  |
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I actually with exponential theory being proposed. Could easily see moving from 30k to 60k within a matter of days.
Why not $1 trillon per coin then? It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait. If the dollar experiences hyperinflation, $1 trillion per BTC would be no problem at all. $1 trillion dollar loaves of bread would be no problem at all either. |
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I have a question on Bitcoin cash.
Bitcoin has good amount of hash rate what if some of them planned a 51% attack on Bitcoin cash? What would happen to Bitcoin cash? Is this some of kind of a serious issue to worry about. I'm thinking this might be serious but interested to know what some experts say.
Yes, there is the capability of doing a 51% attack on Bitcoin Cash with the current available hash for SHA-256D. However, the person most likely to be able to pull that off at the moment is Jihan Wu. Since he is a big supporter of Bitcoin Cash, there is probably a bigger chance that I will win the jackpot on Powerball 52 times in a row. |
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Nope, not me. My bad. Little ventured, little gained.
Soon enough your Bitcointalk account will be a historical artefact so you can auction it at Christies when needs must. I doubt that. This little minnow is of no consequence whatsoever. Since I have no children, either, the entire sum of my life will fade into obscurity rather quickly after I die. https://www.youtube.com/watch?v=tH2w6Oxx0kQ |
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So, i deduce that we are all rich, now ?
Nope, not me. My bad. Little ventured, little gained. |
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Fuck it.
Moving a small amount of BTC to Gemini.
Will pull the trigger $20k.
Why not ?
You could move it to Bitmex instead and try to short the top at some gawdawful leverage. All you need to do is VPN in the site and state that you are from Canada. They will let you participate.  https://twitter.com/bitmexrekt?lang=en |
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Bitcoin Cash is not going to have a lot of full nodes if things go their way. In order to scale anywhere close to Visa, on chain, as appears to be their goal, a enterprise would need access to equipment capable of storing at least 56 TB of data per year. Probably at least quadruple that, since you want to properly index the data and have proper back ups. A casual user would need to run an SPV client.
For the umpteenth time - Bitcoin Cash has no reason to support Visa-scale transaction volume until such time as demand for transactions reaches Visa scale (is that a tautology?). If we somehow hit that next year, I'll be more than happy to store 56 TB of data that year. Of course, even in the most wildly optimistic scenario, Visa-scale demand is still several years off. Perhaps you need to discuss this with Craig Wright on Twitter then. It appears nChain is working hard to bring this capacity to reality in 2018, needed or not. After watching this video: https://www.youtube.com/watch?v=5SJm2ep3X_M&feature=youtu.beI have come to the conclusion that on-chain scaling is indeed feasible. My previous objections were that it takes pools too long to verify transactions. Therefore, 1GB blocks would result in many empty blocks being mined. I see no scenario where that would be a consequence. Can you explain? For that matter, how does one quantify 'too many empty blocks'? As long as all transactions are processed with reasonable alacrity, what does the block fullness matter? Currently, there is a bottleneck in the way nodes need to verify transaction included in the previous block before they start including transactions in the new block they are working on. This is why empty blocks are frequently mined if they arrive within about 30 seconds of the previous block. 1GB blocks would compound this bottleneck 1000x. However, nChain is working on ways to relieve the bottleneck. Therefore, my objection would be thwarted. However, I still have misgivings about 1 GB blocks since this would require a node to have the storage capacity of over 50tb per year.
Other than to repeat that we will not consume that much storage until there is actual demand for it, I would like to point out the 50 TB of storage -- today -- costs less than 0.1 BTC (~$1650 USD at standard retail).
At this time, I believe this would cause a barrier to entry for small start ups that require a full node be run. (New exchanges, information services, mining pools etc.)
If a startup can't lose 0.1 BTC in the noise of its annual CapEx budget, it is likely to be a non-entity anyhow. According to Craig Wright, the initial setup would be $20,000. If I wanted to start a block explorer or a sight like fork.lol, that's quite an outlay, especially since it extremely difficult to be able monetize such an informational sight, to make up the costs. I enjoy these information sights and don't deem them "non-entities." I am not convinced that there is indeed a vulnerability that allows miners to steal your segwit coins. A white hat demonstration of this attack on a testnet would be required to convince me otherwise. Naturally a black hat demonstration on the mainnet would convince me too, but would not be ideal.
What's to misunderstand? A miner operating by the old rules sees a segwit transaction as an anyonecanspend transaction. Accordingly, that miner can spend the output to himself, should he be successful in mining the block. Of course, he would still need to get the other miners to extend his chain. But with enough value caught up in active transactions, there is an incentive for the miners to collude thusly. It may not come to pass, but it may. With Core adamant that they always act to vilify and marginalize the mining community, is it really that farfetched that such may come to pass? Then it should be trivial to set up a testnet and demonstrate that this can actually happen. Iron clad proof to back up the Segwit hater's claim: Wouldn't that put the cherry on top of the sundae? |
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Sorry, but this video did little to persuade me either way. Yes, I acknowledge that Blockstream is in it to try and make a buck. However, I think almost 99.999% of the people in the cryptocurrency subculture are trying to make a profit. Which is why I really do not fully trust anyone in this space except myself. |
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Thanks for an honest reply there m8....had to squeeze it out of you,lols i was sure you were interested in BCH as you ave been here from day1, but it is gd to hear you actually say saying, you find BCH fascinating... as for your apathy as a seal of approval...of course it is, you underestimate your influence, when you are being serious, you contribute alot. so Mr Bones...when will you give BCH your seal of approval?... soon as you do watch it fly over $6k   I highly doubt some words from me is going to send the BCH price to $6K. However, here goes my current thoughts on BCH. After watching this video: https://www.youtube.com/watch?v=5SJm2ep3X_M&feature=youtu.beI have come to the conclusion that on-chain scaling is indeed feasible. My previous objections were that it takes pools too long to verify transactions. Therefore, 1GB blocks would result in many empty blocks being mined. However, after watching the video, it appears they are working on optimizing the way that the mempool is handled by a mining node. However, I still have misgivings about 1 GB blocks since this would require a node to have the storage capacity of over 50tb per year. At this time, I believe this would cause a barrier to entry for small start ups that require a full node be run. (New exchanges, information services, mining pools etc.) My general view on Segwit. It appears to have solved the transaction malleability problem. However, to the layman, such as myself, it appears to be A Rube Goldberg machine kind of way to solve the problem. I am not convinced that there is indeed a vulnerability that allows miners to steal your segwit coins. A white hat demonstration of this attack on a testnet would be required to convince me otherwise. Naturally a black hat demonstration on the mainnet would convince me too, but would not be ideal. My general view on Lightning Network: It does appear as a viable solution to solve the scaling issue. However, to the layman, it appears to be a Rube Goldberg machine kind of way to solve the problem. I am not a coder, but it seems the Bitcore Core and Blockstream team are more interested in doing coding gymnastics and showing off their skills and not applying the KISS principal at all. However, since I do not know how to code, I could be dead wrong in my assessment. |
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Im curious what information will change your opinion? ... afaik, there is enough info available for sensible people to understand blockstream is not providing the solution that the majority of crypto users require...BCH is  I have an INTP Meyers Brigg personality type. So my opinion changes quite frequently and is never static. It is likely that I will never be utterly convinced with an opinion that will never waiver. riiight, So your opinion changes quite frequently and is never static...hmmm thing is you have only had one opinion about bch from day1 really...you have never shown any kind of proper support towards BCH afaik. Then theres the bones i see on the other forums...again i never see you say anything negative about segwit and blockstream... hmmm, so is this disorder of yours , selective lol... im still curious on what information will make you change your opinion, albeit a possible temporary change of opinion And you really don't see me post anything overly positive about segwit or Blockstream either. Do you really think my general apathy is a seal of approval? By the way, a personality type is not a disorder anymore than blood type is a disorder. Here is a little quote from the article that I linked. They love patterns, and spotting discrepancies between statements could almost be described as a hobby, making it a bad idea to lie to an INTP. This makes it ironic that INTPs’ word should always be taken with a grain of salt – it’s not that they are dishonest, but people with the INTP personality type tend to share thoughts that are not fully developed, using others as a sounding board for ideas and theories in a debate against themselves rather than as actual conversation partners. Therefore, you should take what I post with a grain of salt and realize there is an underlying debate going on. In reality, I find BCH quite fascinating. Otherwise, I wouldn't be spending any time constantly putting it under serious consideration. You really think that I am going to spend any time discussing something that I have no interest in whatsoever? |
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Im curious what information will change your opinion? ... afaik, there is enough info available for sensible people to understand blockstream is not providing the solution that the majority of crypto users require...BCH is I have an INTP Meyers Brigg personality type. So my opinion changes quite frequently and is never static. It is likely that I will never be utterly convinced with an opinion that will never waiver. |
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we have nothing to prove to you or the other trolls that have done nothing to help BTC evolve the way it was meant to. All you guys have done is mislead, lie,censor,troll, delete comments and ban users to try and get your way! sad really...i feel sorry for you segwetters...  Hey look, I believe that I have been more than fair on my assessments of Bitcoin Cash. I even resort to calling Bitcoin Cash by the proper name rather than the other name given by other trolls. If you recall, my original concerns about Bitcoin Cash centered around the EDA. Looks like the Bitcoin Cash developers came to the same conclusion since they implemented a different retarget algorithm. NO? Also, if you want more skeptics to transform into supporters, you have to prove your point. Actually, you should thank me for being a devil's advocate for Bitcoin Cash. You really think this thread would be interesting if all we had was some echo chamber circle jerk? if you recall, i was one of the few that defended you when others were calling you a shill... however i recently have noticed a change in your tone on this thread...which makes me think, maybe the others were right and i was wrong about you.... anyways, doesnt matter, shill,troll or not , BCH is becoming more popular with each passing day. Unfortunately, no payments have been flowing my way from Blockstream or anyone else. So suspect that I am some kind of "shill" all you want, it cannot be further from the truth. I am only voicing my current opinion at the time, which is subject to change once I obtain more information. |
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we have nothing to prove to you or the other trolls that have done nothing to help BTC evolve the way it was meant to. All you guys have done is mislead, lie,censor,troll, delete comments and ban users to try and get your way! sad really...i feel sorry for you segwetters... Hey look, I believe that I have been more than fair on my assessments of Bitcoin Cash. I even resort to calling Bitcoin Cash by the proper name rather than the other name given by other trolls. If you recall, my original concerns about Bitcoin Cash centered around the EDA. Looks like the Bitcoin Cash developers came to the same conclusion since they implemented a different retarget algorithm. NO? Also, if you want more skeptics to transform into supporters, you have to prove your point. Actually, you should thank me for being a devil's advocate for Bitcoin Cash. You really think this thread would be interesting if all we had was some echo chamber circle jerk? |
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Great. Bigger realized blocks = greater use = greater utility. Meh, a few spike gets you all excited? When I look at the chart below, the average block size for Bitcoin Core at it's measly ~ 1.05 MB is still outpacing BCH. Hmm. 'All excited' may be an overstatement. I'm just saying that bigger is better. Manifestly. Bitcoin Core better hope that realized Bitcoin Cash block sizes stay small. For should they exceed on average, that would demonstrate that world+dog is getting more utility out of Bitcoin Cash than it is out of Bitcoin Core. And you know what that means... Adoption is important but a few spikes in KB per block is not the best measure of it. Number of nodes is still quite steady imo. Bitcoin Cash is not going to have a lot of full nodes if things go their way. In order to scale anywhere close to Visa, on chain, as appears to be their goal, a enterprise would need access to equipment capable of storing at least 56 TB of data per year. Probably at least quadruple that, since you want to properly index the data and have proper back ups. A casual user would need to run an SPV client. |
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^bones...now your just sounding like a dick lol you know fine well what has been going on, so your comment about not cutting it, is really silly... burying your head in the sand, trolling bch forums, is not going to help i dont know what roger owns, but i do know merchants are growing daily...faster than segwit enablers - 100% FACT i also know coinbase is struggling to add segwit txs and finnally, btabs is what adam blockstream called it...."open a tab" I'm just playing by the Bitcoin Cash supporters rules. Many of the most fervent supporters maintain that BCH is the real thing. True to Satoshi's vision. Also, I see that many supporters adhere to the claim that Segwit is the true fork, not BCH. So trying to use the "only 4 month old" excuse is not going to cut it. That would be contradictory. Can't be the real Bitcoin that launched in August 2009 and 4 months old at the same time. BTW, a couple of posts above indicates Bitpay is launching Bitcoin Cash support. Well, it's about time. PS: Who cares if Coinbase is struggling to add segwit. It appears they were "struggling" to add Bitcoin Cash too. Something, most other exchanges were able to do, even Yobit for Christ's sake, in a very short amount of time. |
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^Segwetters lols...have you guys been doing your part, pm all btc users to start using complex segwit (i hear coinbase are struggling to add it) the segwit demand is so low, that you trolls are needed, but noooooooo....you trolls would rather come and spend your time here....  BCH price correction (up) is on the way.  So, have you been using your acquired BCH to make actual purchases? Or are you hording it, as to be expected from a deflationary currency? I'm sure the poor soul who spent 10,000 BTC to buy a pizza regrets it now. Are you going to plunk down your acquired BCH to buy a cup of coffee? If you want, you can send me 0.005 BCH and I'll send you a coffee mug and a K-cup. dude BCH is around 4months old... what is has done during those 4months ,should be enough to make you segwitters wet themselves lol. In due time, i will be spending BCH of course, just like i used to with btc. Lets talk btabs shall we...lol....have you opened a tab yet? so should people hire a programmer and create some sort of tab , or just use old ltc which is also in the clutches of blockstream lol Segwetters are scared, its obvious, the scam is being exposed more and more everyday... No, according to staunch BCH supporters, BCH is the real Bitcoin. So that would mean BCH is 8 years old. The only four month old excuse isn't going to cut it. Also, isn't Roger Ver on your side? Doesn't he run Bitpay? I would think he would be able to on board lots of merchants to accept BCH and have a vital economy by now. About btabs. I assume that is your nickname for the Lightning Network. I'm not sold on that idea either, yet. |
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Great. Bigger realized blocks = greater use = greater utility. Meh, a few spike gets you all excited? When I look at the chart below, the average block size for Bitcoin Core at it's measly ~ 1.05 MB is still outpacing BCH. |
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^Segwetters lols...have you guys been doing your part, pm all btc users to start using complex segwit (i hear coinbase are struggling to add it) the segwit demand is so low, that you trolls are needed, but noooooooo....you trolls would rather come and spend your time here.... BCH price correction (up) is on the way. So, have you been using your acquired BCH to make actual purchases? Or are you hording it, as to be expected from a deflationary currency? I'm sure the poor soul who spent 10,000 BTC to buy a pizza regrets it now. Are you going to plunk down your acquired BCH to buy a cup of coffee? If you want, you can send me 0.005 BCH and I'll send you a coffee mug and a K-cup. |
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