if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER.
In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME
Have you ever heard about entropy and energy?
Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ...
Man , you are a crybaby.  Control of PoW always centralizes to the rich. Or would you like to share the location and number of warehouses you personally own that mine your bitcoin cash. Those Chinese miners can block your transactions any time they like for an indefinite period. (That is centralization!) PoW is a dying system that is doomed to run off a cliff, keep putting your money into it. In regards to your attempt about PoS externals. Only badly designed PoS with high inflation can you maintain permanent high % by staking only and never selling your principle. However take for instant zeitcoin, it runs on Proof of Stake and it makes less than 500 coins per day. In their coin PoS is used as a consensus method and not as an insane free coin generator. You have to sell your principle amount to earn any fiat , therefore lowering your future staking %. So in other words, when you sell some of it you change your staking % or you have to buy more to have a higher staking %. The other PoS advantage of energy efficiently will in the end , kill off all PoW coins, unless they follow Eth and switch to a PoS consensus that is sustainable. FYI: That line under your avatar is ironic. Remove The MiddlemenSadly you fail to grasp the ASIC Miners are the middlemen and they determine if your transactions make it into a block or not. Since no one can maintain over 51% control over a PoS network for an indefinite amount of time like one can with a PoW network, your transactions on a well designed PoS network can never be denied for long.  Nope - your PoS moguls are the Middle Men - forever - Get your time frame and all risks right and you'll understand it. What you 'try' to do with your 'right' PoS is just to create this complex firewall ONCE - no other external work is spend to this after - good luck investing in such a Proof of Shit. Enjoy your PoW Delusions in time it will mean Proven overly Worthless ! The open markets will decide all that for us - and PoW has biggest share by far - still |
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Weee, I was somehow missing these payed but dump crash trolls here. Shilling for Bitcoin not knowing that there is only one scalable and wide acceped instance.  Thx fo showing great support by escorting. |
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if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER.
In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME
Have you ever heard about entropy and energy?
Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ...
Man , you are a crybaby. Control of PoW always centralizes to the rich. Or would you like to share the location and number of warehouses you personally own that mine your bitcoin cash. Those Chinese miners can block your transactions any time they like for an indefinite period. (That is centralization!) PoW is a dying system that is doomed to run off a cliff, keep putting your money into it. In regards to your attempt about PoS externals. Only badly designed PoS with high inflation can you maintain permanent high % by staking only and never selling your principle. However take for instant zeitcoin, it runs on Proof of Stake and it makes less than 500 coins per day. In their coin PoS is used as a consensus method and not as an insane free coin generator. You have to sell your principle amount to earn any fiat , therefore lowering your future staking %. So in other words, when you sell some of it you change your staking % or you have to buy more to have a higher staking %. The other PoS advantage of energy efficiently will in the end , kill off all PoW coins, unless they follow Eth and switch to a PoS consensus that is sustainable. FYI: That line under your avatar is ironic. Remove The MiddlemenSadly you fail to grasp the ASIC Miners are the middlemen and they determine if your transactions make it into a block or not. Since no one can maintain over 51% control over a PoS network for an indefinite amount of time like one can with a PoW network, your transactions on a well designed PoS network can never be denied for long. Nope - your PoS moguls are the Middle Men - forever - Get your time frame and all risks right and you'll understand it. What you 'try' to do with your 'right' PoS is just to create this complex firewall ONCE - no other external work is spend to this after - good luck investing in such a Proof of Shit. |
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PoS does not reinforce historical consensus. Every subsequent block in a PoW chain makes the history below it more secure because the cost of reversing it is superlinear in the number of blocks built on top. In PoS, this is not the case, the cost of producing a block is a constant, therefore the cost of reversing history is a constant
Sorry to tell you , that you are wrong, but you are wrong.  In many proof of stake coins, you burn Coin Age when you stake, as unlike PoW ASICS which has constant access to try and find a block, In proof of stake , when a block is generated, those coins become dormant for a length of time and can no longer affect block generation until a specific amount of time has passed and they build up enough age to stake again. (Varies with different implementations)
Also the cost of trying to reverse a Proof of stake history become more difficult with every block generated. Because there is no way to maintain a dominant % when you are constantly losing a coin staking % & age every time you stake. In Short , If I have 51% of a PoW mining operation, I can maintain control of that network constantly. (Like the Chinese with Bitcoin & Litecoin)But in a PoS network, my 51% will be a constant flux with the rest of the network, meaning constant control of the PoS network is not possible. Which is one reason PoS is superior to PoW, energy efficiently being the other. FYI: If you purchased 51% of a PoS coin network, you drove the price of that coin sky high. if you once sit on your 51% Pos of Shit - there are no externalities (operational risks) that will change this in any future and you will be king for ever. This centralization is than for EVER. In a PoW system you have by far moar skin in the game and that makes a PoW moar secure by far - since you have a latent / permanent decentralization pressure (by far higher than in a PoS by the in PoS absent op risks) at work ALL THE TIME Have you ever heard about entropy and energy? Simple example: PoS is like buying ONCE a cool firewall system - and than never care about it later / ever ... |
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I have the wallet.dat file from a bitcoin core wallet I've had since 2013. I quit using it in November and sent everything to an electrum wallet because of the size of the core wallet and the synch time. How could I get BCC with that old wallet file?  Electron Cash should be your friend. |
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What people tend to forget is the following. Two years ago people did not have Bitcoin Cash and Bitcoin Gold and Ethereum was not this popular. When Bitcoin struggled with scaling, these coins were forked and some people started to use these coins, because they were faster and cheaper at the time. Since the introduction of SegWit, the tide has turned and Bitcoin transactions became faster and cheaper again. It will take time for people to shift back to Bitcoin again, but with the introduction of the Lightning Network, most traffic will return again. Hmm - this might be a Kodak-Dream |
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Happy to announce BitcoinCash is now accepted at StartMy.io
Worlds first multi-crypto accepting crowd funding website.
Brought to you by team MUE
Cool, thx. Wanna post it on reddit/btc ? Better not here :  https://m.imgur.com/r/BitcoinAll/C8PyBB5Lol |
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Weia, Roger Ver, Andreas A, Trace Mayer,...haben alle mehr für Bitcoin getan, als jeder andere.
Am Ende ist Bitcoin aber dezentral und hängt von keiner Einzelperson ab.
Man kann sich natürlich gerne von sowas ablenken lassen.
Viel Spass
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SatoshiDice moved over a 100 BCH !  |
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Korean Techies gett it all right:
Bitcoin Cash is a hard fork of the world's most widely used cryptocurrency bitcoin. A hard fork is a process of splitting any currency's blockchain, and the debate over bitcoin's scalability led to the process on Aug. 1, 2017. It resulted in the creation of a new blockchain.
Like bitcoin, it is also a peer-to-peer electronic currency for the internet, fully decentralized with no central bank and requiring no trusted third parties to operate.
Bitcoin Cash is distributed in the market under a ledger and coin named "BCH," and is the fourth-largest coin by market capitalization as of Feb. 20.
The virtual coin is identical to its matrix bitcoin in terms of technical detail, but its block size limit has been made adjustable, with an increased default of 8 megabytes.
With bitcoin's 1 megabyte block size limit, Bitcoin Cash supporters claim bitcoin started to become unreliable when fees skyrocketed. Some users were unable to get their transactions confirmed, even after days of waiting.
"Bitcoin's market price has increased, but its growth and usefulness as a currency has stagnated. Many users, merchants, businesses and even investors left bitcoin for alternatives, causing its dominance to fall from 95 percent to as low as 40 percent," they say.
Thanks to its surging popularity, Bitcoin Cash started to be adopted by major digital currency exchanges such as Coinbase, CEX.IO, Kraken and ShapeShift. Unlike many exchanges use BCH as its ticker symbol for bitcoin Cash, Binance, Bittrex and Huobi exchange use BCC as its ticker symbol instead.
Before it came all the way down to $900 last month, Bitcoin Cash went on to hit a high of $3,600. Currently, one BCH is worth around $1,500.
"It's very volatile as it is playing second fiddle to bitcoin. In the future as well, while it might remain secondary to bitcoin, but the prospect of appreciation is pretty high," virtual coin observer Smartereum editor Adam Web said.
"When you are comparing bitcoin and Bitcoin Cash, you would realize that Bitcoin Cash was created in order to speeden up the transactions. Thus, if you're looking for a cryptocurrency in which you can invest in for the longer term, bitcoin Cash might be a good option for you."
According to CoinMarketCap, the total market capitalization of Bitcoin Cash has reached $25.9 million.
https://www.koreatimes.co.kr/www/biz/2018/03/488_244756.html |
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It was recently pointed out that the Bitcoin dot com wallet from Roger ver has a huge security issue because it is just storing the wallet seed on the device in a plain text file
This wallet is a fork of bitpay / copay wallet. Sure this will be fixed in one go soon. He is no dev but heavily using the wallet, so go and steal his coins, good luck |
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