PeterBrandt He did a TA on Bitcoin Cash. I think its the first time he did an analysis on BCH. Here is a link to the tweet https://twitter.com/PeterLBrandt/status/1002995579759128576Looks like we had 2 Head and Shoulder patterns and the minor one finally broke the neckline. We also might of broken out of that trendline which was started at $1800 peak. Hopefully the bulls are back and remain in the control. If Bitcoin can return at the price of 20000$ then Maybe BCH can reach 1800$ but it seems impossible to see this price at this time . Instead of buying BCH to invest , you can buy ZEC or KMD to get more profit than BCH . Speculating is a 50 50 chance. Always. Working for your coin and increase adoption not. So really DO things and be humble. Old bitcoiners know that https://youtu.be/_HV2UYm1xe0 |
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Thx for that good comprehensive compilation, hope many will honor that work https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-2My comments to that with respect to the centralization attractor that is just part of all our crypto discussions, esp in this legend thread would be, how could you quantify that in terms of how easy it is to do a singel or better permanent attacks? And second, what externalities are there, that will do a good job in terms of force the systems back to decentralize again? The only answer to those questions I think I could give atm are Since I cannot quantify it by absolute numbers, but estimate that you can bring down most coins with simple bot nets, only ASIC PoW is the best long term standard today, and proven the longest to work as well. Second, due to the many external risks PoW has, any participant will have a chance over long time (decades) to get into the mining game and disrupt cartells. And if tha space for a coin is world wide for many decades than the centralization <> decentralization waves are acceptable and our sociaty and externalities can deal with that. So the goal is to achieve that global adoption in a quick way, to give new parties chances to mine and keep or even increase decentrality in a suffincient and sustainable way. |
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Who's excited about Lightning network and decentralized exchange "cross-chain atomic swaps"  What can you conclude about Bitcoins use cases and scarcity on this ? Can you please re-phrase your question or elaborate on what it is you are trying to ask? I don't understand your question. Bitcoin will remain scarce as its max supply is 21million coins and there have been millions of burned coins (addresses that will never spend). Small finite supply in an infinite fiat supply world. Bitcoin was built to be the world's peer to peer crypto cash layer, you think thats still on track with BTC + LN + AtomicSwap (= bridge to other crypto) + all that forks that are done, cause BTC was not inclusive enough? IMO BCH is much more willing to be exactly that scarce world currnency / cash and allows all such needed things happens on a singel chain, in a very inclusive way that will not further dillute the cryptoverse by means of real Bitcoin scarcity. Thats exclusive  |
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Crypto needs to be as cheap and inclusive to use and as secure as possible to reach all ppl of our planet. Cheap to use needs to be defined to the poorest and their entry level (daily use). The seedeing needs to be done best with low BCH price as well, with that wealth comes to the poor by including them from the beginning. Rich ppl are mostly interested in speculating and do not see that world wide potential (esp the inclusion of poor) - the rich advisory env ( big banks, ...) tells us that all day, to me one of the major reasons for the rich falling back to use it as their store of value only, pissing at cheap transaction use. a few understand https://mobile.twitter.com/brian_armstrong/status/1002667661904396289?s=19 |
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^ cmon, we know that you re not that dumb as your 'prediction' might be. Pls also note you re on the bch side here... try to convince those legacy guys first and try not to get banned again Last time, I checked, I was not the dumb one ignoring a major problem.  I am just letting you know that a lot of professors are pointing it out as an issue. Read the links.And Bitcoin Cash & Bitcoin Core are both responsible since the same mining equipment is mining a % of both coins. But you guys do whatever, fix it or don't fix it, but don't be surprised when the energy waste is all other people care about, you got less than 2 years before that is made clear to you. Good Day. All intelligent ppl know or will learn very quickly that work / energy is needed for all sorts of things to keep safe, permanently - as you need to keep up high voltage fences for your cows to keep inside - its a pure need as follows by physics and easy logics. The absolute amount of that needed energy is determined by free market, eays to get to any ppl to explain as well. So you better learn things and teach others (your funny profs, lol) correct wisdom or stop trolling / shiling for your private coin. Good day |
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^ cmon, we know that you re not that dumb as your 'prediction' might be. Pls also note you re on the bch side here... try to convince those legacy guys first and try not to get banned again |
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If you believe that it is wasted, than you might not understand open markets and the voluntary commitment into Bitcoin security model. I'd only agree on the term 'waste' if you see how legacy Bitcoin is bribbled to limited use and user base, what,is fixed with Bitcoin Cash now. |
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I d say it depends how much the SEC will power off the ICOs from the market, since all are securities, even ETH is.
Signs for that are already seen at the horizon.
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https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.htmlBitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate). I said a few month back around $2k to mine 1 og btc... Probably going to go lower than that ( $800-$1400 possible ) The energy is obviously not the only cost of mining, so his hypothetical value is far from realistic. To mine 1 BTC with 1 Antminer S9 one needs 1223 days at constant (=current) difficulty. The energy used during that time would be ~40k kWh (cost ~ $2000 at $0.05 per kWh). S9 price is ~$900-1000, so energy + miner would be $3000, and then there're other costs, like employees, buildings, HVAC, repairs, etc. Volatility in market price and difficulty. And many more operational risk you take as well. All costs you might pay. |
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I didn't really understand what the new hard fork will change in Bitcoin Cash.
Enabled OPCODES. This should make programming smart contracts possible. Block size limit is now 32MB instead of 8 MB. Those two changes alone make bch flippening much more likely, and probably sooner than many realise. Is there any project currently working on Bitcoin cash second layer scaling options similar to LN ? Also, is there a viable Bitcoin cash version of counterparty? IF/WHEN the flippening happens can bch accommodate these other technologies like LN without further updates like segwit? BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed. (segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability. However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions. Pls check what devs from yours.org have done here. They did not need any fixings of malleability (its not a bug...) or SW at all for a lightening like payment channel network on top of btc. We need 'zero' fees, scarcity (do not allow more other coins to dilute cryptos), smooth apps and KISS for worldwide adoption and winning the competition with new fintechs like Revolut and co. |
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So much news on HK conference I this tokenizing is really cool. Not sure all those altcoins would survive once BCH start deploying it.
old bitcoin feature already live ~ sorry to break it to ya lol Cheap fees, no limits and high adoption, yep. Feels 2012! no one wants chinese copys of bitcoin ~ BTI is the original BTC fork(*circa 2014) ~ nothing you can say will ever change this fact!! Sure/s Thats why you found some inner, aching pressure to post that for all who doesnt need it, make sense... Lol https://www.cnbc.com/2018/05/21/crypto-investor-brian-kelly-makes-the-case-for-bitcoin-cash.html |
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