Huge blocks are bad though there are far too many issues and vulnerabilities yes it causes node decentralisation but there are other issues too just waiting to be exploited As many newbies will probably be unaware early bitcoin blocks include many spam transactions of encoded data such as the bitcoin whitepaper and encoded images and text saved for eternity and undo-able. Also before torrents became mainstream the #1 choice was to obtain copyright material was through usenet this uses something called yEnc that encodes binary files into text that can be sent and rebuilt through small chunks the same yEnc encoded binary data can also be encoded into bitcoin transactions doing so on bitcoin is not feasible any longer because you have to make a large transaction that costs too much for the amount of data needing to be stored. Now with Bcash with large blocks and talks of gigabyte blocks and keeping sub 1 cent fees there will never be a issue you can encode and store whatever you want on the blockchain including illegal prohibited content such as child porn that can never be deleted forced to be stored by all full nodes forever thinks like this are why I am so against pure on chain scaling with huge blocks these types of spam transactions are undetectable they look no different from any other transaction you need to look at things from every possible angle if it's possible it will be done and has been done already on bitcoin when it was in it's early years Have a look here and imagine things like this being applied to gigabyte blocks for as little as sending the smallest amount possible with just a 1sat/byte fee http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.htmlLet's start archiving all of the Steemit posts on the Bitcoin Cash blockchain.  Anything sent to these addresses is lost forever because you are not generating an address from a private key you are just generating a specific address the private key is unknown therefore any funds cannot be recovered thats why it no longer happens on bitcoin you would be essentially burning possibly $100 for a extra large inflated transaction but when you can send any transaction for 1sat/byte even a large inflated transaction can still be under $1 in tx fees Then let's help Steemit become more decentralized by archiving everything on their blockchain to Bitcoin Cash blockchain. Too bad that I have absolutely no idea how to implement such a plan. Wonder if Dan Larimer would give me some pointers. Probably not.  |
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Huge blocks are bad though there are far too many issues and vulnerabilities yes it causes node decentralisation but there are other issues too just waiting to be exploited As many newbies will probably be unaware early bitcoin blocks include many spam transactions of encoded data such as the bitcoin whitepaper and encoded images and text saved for eternity and undo-able. Also before torrents became mainstream the #1 choice was to obtain copyright material was through usenet this uses something called yEnc that encodes binary files into text that can be sent and rebuilt through small chunks the same yEnc encoded binary data can also be encoded into bitcoin transactions doing so on bitcoin is not feasible any longer because you have to make a large transaction that costs too much for the amount of data needing to be stored. Now with Bcash with large blocks and talks of gigabyte blocks and keeping sub 1 cent fees there will never be a issue you can encode and store whatever you want on the blockchain including illegal prohibited content such as child porn that can never be deleted forced to be stored by all full nodes forever thinks like this are why I am so against pure on chain scaling with huge blocks these types of spam transactions are undetectable they look no different from any other transaction you need to look at things from every possible angle if it's possible it will be done and has been done already on bitcoin when it was in it's early years Have a look here and imagine things like this being applied to gigabyte blocks for as little as sending the smallest amount possible with just a 1sat/byte fee http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.htmlLet's start archiving all of the Steemit posts on the Bitcoin Cash blockchain. |
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I'm gonna LMAO if BTG over takes BCH on the charts.
We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.
I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.
+1 Pump up that BTG shit! https://www.youtube.com/watch?v=9EcjWd-O4jI |
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I tried my btc addresses in the BTG explorer but the address came up as not there....do we have to add prefix or do a bit shift or something?
This is because Bitcoin Gold uses a different address format. The addresses look like GdGDP... and always start with capital g. I am wondering if replay protection is already active? That was a big issue of BTG, right? It doesn't always start with a G. Segwit/Muti sign addresses start with an A. |
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why would they put it on a whiteboard in a video for everyone to see?
to convince people it's really true of course. epic plans don't happen until they're planned out beforehand on a white board. every evil genius knows that. he certainly blew his cover there though. i assume the shadowy cabal behind him is gonna have words and maybe even take his white board away. BTG is going to go to BCH prices because its more like the original bitcoin than cash stash BTG is GPU unlike this asic cartel shenanigan coin<<< You still suffer from troll dreams. Either BTG mining will be attacked by bot net or ASICs will be built if ppl pay enough for these coins. ASICS would be very hard to build for the Equihash. It requires a good deal of RAM. If you wanted to build an ASIC that can hash 100 times what a GPU can do, you would need at least 100GB of RAM, if not more. In order to make your ASIC more power efficient too, you would have to make the RAM more efficient. You could try to incorporate the RAM on the ASIC chip to make it more efficient, but at the present time, the processes to make an ASIC chip and a RAM chip are different. So you would need to invent a whole new process. The R&D costs would be prohibitive. Furthermore, the BTG team is clearly not aversive to implementing Hard Forks, unlike CORE. So if such an ASIC came to market, they could just hard fork to a different algorithm. But hey, at least the new ASIC will still be able to mine ZCASH. (However, I suspect Zooko would consider hard forking as well.) |
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People deciding to try GPU mining rather than buying an ASIC from Bitmain is taking action. It's not simply doing nothing.
In that respect, yes. And kudos for putting the pedal to the metal. But where we started was here: So if I want to mine with sha256 algo, I need to purchase the equipment from the same people who are going to be my direct competitors? What kind of fair raw deal is that?  To add insult to injury, Bitmain requires that I use only BCH, which benefits Bitmain even more. Sick of oligarchies making all the rules, to make the most profit for themselves. That's why I got into crypto in the first place. And what exactly is wrong with me bitching about centralization wherever it rears its ugly head? Especially when I feel it is against my own self interest. Sorry, just because the centralization comes from a private company rather than a government doesn't give them a pass. Besides, I highly suspect that the reason Bitmain is getting a good deal on the hydroelectric power in China is government sponsored, anyway. |
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why you think the BTG was a scam?
I can't agree with you,it had been trade in Binance and bittrex,the popular exchange had been admit it's birth,
any bad news about the dev team?
It had a really rough launch. Miners had to to sit by for 5 hours after "launch" while dev team "premined" 8000 blocks. Chain forked early on causing many miners hours of lost work. Plethora of phishing scams/malware emerged, stealing people's coins. One was even listed on BTG official site. Some of the pools were implementing secret fees. But hey, due to the recent market pump, it's the most profitable coin to mine with a Nvidia GPU. So that makes it all good, right? |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Look what the cat drug in!!!!  I would say that technically all cryptocurrency holders are dumb money:  That's a hoot. Steem is a crytocurrency, you know. https://steemit.com/@r0achtheunsavory/transfersWell, I guess that I will give you a pass since your holdings are only worth a little over 13.00 USD. Mere dust.  |
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Hey look! An untapped market!
Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage.
(I don't mean to be ragging on you specifically, bones. This is really addressed to the masses)
As a consumer, I don't have to put up or shut up. For example, if I don't happen to like Wal-Mart, I don't need to raise the capital and come up with a viable alternative. I have every right to voice my complaints and take my business elsewhere. Are you stating that Yelp isn't an example of the free market at work?  No. Sorry. I am being unclear. Of course you have a right to whine about reality. However, it does nothing to change the situation, and merely makes you look like a whiner. Complaining about some supposed advantage that someone with resources, skill, and most importantly initiative enjoys, merely exposes one as someone who would rather complain than to actually do something. and again: (I don't mean to be ragging on you specifically, bones. This is really addressed to the masses) People deciding to try GPU mining rather than buying an ASIC from Bitmain is taking action. It's not simply doing nothing. I love my decision, personally. For the same amount of money, I can dabble in mining & have a decent gaming computer that can do so much more. (Not just make noise and become a space heater.) Plus, I now have a wide array of algorithms to chose from. Much wider than if I bought one of Bitmain's ASICS. |
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Yes... August 2015 2016 they were "hacked" and September 2015-ish2016-ish they issued BFX coins for 36% of the dollar value of your then account, and by around April 1, 20162017, they had paid back all of their BFX tokens at 100%. Sure there were some problems with that whole set-up, but they paid back everyone who held their BFX tokens at 100% of face value over the next 7 months or so.
FTFY. We must all be in some kind of strange time warp. |
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Where's my Black Friday discount on BTC? This small 2% discount off ATH just isn't going to cut it. In fact, yesterday's dip wasn't even that big of a deal. I want a deep discount. Jimbo wants one too. I am sure.  Maybe if I want a doorbuster, I'm going to have to go to Wal-Mart.  https://www.youtube.com/watch?v=n_adgG8Ba2QI doubt that "Jimbo wants one too." There is a kind of mentality of wanting or hoping for dips, or just preparing for dips. Those are two different concepts. If a dip comes, make lemonade out of the lemons. You don't hope or want lemons, you merely take advantage of the lemons situation comes, which is nearly inevitable that lemons are going to come, from time to time. I was being facetious. Hence the immediate comment about Wal-mart and the link to the video. I absolutely hate Bitfinex and believe the "FUD" about spoofy and Tether. However, Bitcoin does not need Bitfinex for it's own viability. There are plenty of other exchanges. I don't know why some of these twitter OG are coming to the defense of Bitfinex. I think the BTC economy will be a whole lot better without them. I don't even mind that they kicked us US customers to the curb. Bitfinex FUD is FUD, as you seem to admit, and even though the crash Bitfinex would not kill bitcoin, I don't know why anyone would hope for such a crash. Sure, Bitfinex had several opportunities already to employ an exchange exit scam - and seems quite improbable that they are going to employ such, when it is not really necessary, in spite of the mucho bullshit FUD being spread about them. Regarding, kicking out USA customers, I have mixed feelings about it, since I was personally affected and kicked out of their exchange - but I cannot really blame them for their exercising business discretion or to credit them with any kind of bad or malicious motive because of such business decision. I'm surprised after what happened in the summer of 2016 that more were not simply turned off, and took their business elsewhere. If Bitfinex was truly the victim in the hack, then it demonstrated a gross incompetence. I'm not sure why anyone would take the counterparty risk of keeping any funds at all on Bitfinex. FUD is definitely the appropriate term since when dealing with Bitfinex. One should have fear, uncertainty and doubt when dealing with them. Furthermore, I am not hoping Bitfinex pulls an "exit scam." I much prefer they lose business and become irrelevant. |
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Hey look! An untapped market!
Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage.
(I don't mean to be ragging on you specifically, bones. This is really addressed to the masses)
As a consumer, I don't have to put up or shut up. For example, if I don't happen to like Wal-Mart, I don't need to raise the capital and come up with a viable alternative. I have every right to voice my complaints and take my business elsewhere. Are you stating that Yelp isn't an example of the free market at work? |
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It looks like that devs sold most of their coins. Good luck guys.
I just did a random sample of the first 8000 books and it appears the vast majority of premined coins have not been spent. I did find 500 coins out of 10000 have been spent from AQS1w7wyXQjPiE29LtA8ER8DbSQii4vSk7 https://btgexp.com/address/AQS1w7wyXQjPiE29LtA8ER8DbSQii4vSk7. Please do share your analysis which made you arrive at your conclusion. I must admit my sample was a little small. However, you made the claim. Now get to showing us the proof. |
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Just wondering why are today so many unconfirmed transactions for BTC? almoust 45k
45k of spam by people deliberately trying to destroy Bitcoin is on the low side. Nothing to worry about. This really is an awful sight    |
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is gold still more profitable to mine than bch?
Both use different equipment. You need an ASIC to mine BCH. (You could try to mine BCH with a GPU, but your profit will be very meager, even if you have free electricity. If you do pay for electricity, it will be a definite loss. It definitely won't be worth your time, under any circumstances.)When I put in the numbers on What-to mine; Bitcoin Gold still appears to be the most profitable coin to mine with my Nvidia GPU, at the moment. https://whattomine.com/coins/214-btg-equihash?utf8=%E2%9C%93&hr=420&p=135&fee=0.0&cost=0.15&hcost=0.0&commit=Calculate |
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Just wondering why are today so many unconfirmed transactions for BTC? almoust 45k
45k of spam by people deliberately trying to destroy Bitcoin is on the low side. Nothing to worry about. It's a win win situation for Wu. Not only does he get to use it as a tool to discredit Bitcoin, but he also gets to help drive the fee market up. This is really beneficial for Bitmain, since Antpool does not share the fee with the miners in exchange for no pool fee. (They even give away 3-5% promotional bonuses.) I may not have any proof that Wu is directly behind this. However, he has everything to gain and little to lose. |
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Just wondering why are today so many unconfirmed transactions for BTC? almoust 45k
It’s 90% 0 - 5 Satoshi/kB spam. It’s part of the Roger Ver FUD.  click baitGotta love that spam from Ver and friends. |
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