As events unfold, it seems likely we're going to see Lightning operating live on certain Altcoins before it's implemented in Bitcoin, so everyone will have a chance to see it in action and give us time to analyse and assess it.
Well, the global Bitcoin testnet is a better model for how Lightning will behave on the Bitcoin network itself, and Lightning channels (and transactions) have been confirmed/transmitted (respectively) on Bitcoin testnet for several months now. The testnet is just a Bitcoin blockchain without any hashing difficulty re-targeting, every other aspect of the Bitcoin testnet is identical to Bitcoin (with the exception that softforks are easily activated, none of the political nonsense that gets you of out of bed in the morning  ) Aha. And the testnets have same bad actors and attacks as productive bitcoin? I see you try selling shit to innocent again. Back to ignore. |
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Und ich dachte mit SegWit passt in einen 1MB Block etwa das 1,6 fache von 1MB rein, nur eben "kleiner geschrieben". So dass der Block weiterhin nur maximal 1MB beträgt. Denn wächst die Blockchain jetzt noch stärker an. Zum Glück ist Festplattenspeicher nicht so sehr das Problem. Wieder was dazu gelernt.  Vadder LukeJr rät aber genau aus diesem Grund von SW ab. Es ist paradox. |
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Sieht eher so aus, dass die Schlacht geschlagen ist. Die BCH-Blockchain ist in einem erratischen Zustand. Ohne einen weiteren Hardfork bzgl. Diff-Retargeting wird das mE nix mehr. Wer da Fiat reinpumpt, hat einen an der Waffel.
SW sieht da aber nicht besser aus. Alles braucht Monate. Verfrühte Aussagen kann man nicht überzeugend vermitteln. |
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Lombrozo should follow through and ignore Wu's lies, I have no idea how he could accomplish it though.
Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour.
Everyone is tired of Bitmain.
Jeebus, that's infantile. Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it. Infantile. They will burn lot of money and / or exit the gene pool. Free world. |
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Forking is same as printing $$$$$$$$$$$$$$$$$$$$$$$$$
At first sight it looks like. Guess there is initial additional fight value, but this is lost by split and losing reputation before or after the split. I'd say with a better governance and consensus process bitcoin would be way higher as a combined fork price yet. Reputation and growth are price driver at first place for a coin that wants to be store of value no1. |
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Wer lässt sich von denen schon beeindrucken oder beeinflussen (hier) Es wird der, Stimmung nach, eine ganze Ecke höher gehen. Vermute und hoffe ich zumindest. Bei Aktien schaut der Analyst auf das KGV. = Kurs zu Gewinn Verhältnis Für Bitcoin zählt dann KFV. = Kurs zu Fee Verhältnis ? OMG! |
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As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.
I think this was to expected due to the surge in the value of bitcoins,the fees are just unrealistically and something needs to be done about it. The miners are demanding just too much money for that and I believe that as the value rises, the fees is going to rise as well. SW is a slow starter. Miners and others have signaled for bigger blocks long time ago. Bitcoin Cash works that way, as a proof of concept or prototype. But in a pole position to take over? |
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On the other hand what you're currently seeing with fees going up and transactions being delayed is a concerted spam effort coordinated by people trying to make it look like the bitcoin blockchain is congested and needs a controversial 2x upgrade in November which is being pushed by the NYA miners when most of the userbase and developers are against it and will not agree to their threats. It's artificial and does not represent the real economy situation.
Even if the spam is artificial, blockchain is really congested. Nothing artificial about it. We need a solution, one way or another. 1) You either allow spam and include it in blocks, thereby making blocks bigger and bigger. 2) You price spammers out of the market. What are the alternatives? Since you failed to define spam first, it is clear now, you are spamming this forum. |
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Roger Ver+Jihad is spamming the network heavily after segwit activation as the smart users predicted, actually very predictable. Now he is doing astroturfing everywhere, including thi forum. "See, segwit didn't work, we need a blocksize increase!"
billy change the record bitcoin cash is a separate network. you might aswell be trying to say that 42coin is a threat to bitcoin... wake up as for who is spamming, its like the last 2 years its the bscartel (blockstream +silbert) that want to convert people to segwit by making people think its beneficial to move over ASAP by using fear and panic as always.. again wake up if you want to be rational. realise the ultimate truth. until the major merchant shopping cart services flip to a different network, there is no fear. and at the moment coinbase merchant tools has more chance of flipping to litecoin than it does to any other coin. so start making people aware of litecoin as the threat... again wake up Show proof or evidence of the spam source being Blockstream, or is that just BS plucked out of the air? A fee market can stop spam, price out the spammers and move the trivial low value transactions to 2nd tier. We don't need every coffee transaction stored on the blockchain. Segwit is not the answer but it is a stepping stone that should have been implemented a long time ago, the miners holding it back have stifled development and are totally to blame for this temporary stagnation. Show proof, who says 'we don't need ...' ? You just rephrase non sense. Bitcoin needs all, or nothing. Proof, why it's not possible w/o SW. Define spam.... |
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-snip- ...der BTC Kurs ist aber noch ordentlich stabil zwischen 3600 und 4400.
Den Spruch häng ich mir an die Wand. Wenn dann mal wieder 'ne Veränderung >20% kommt, nenn ich es einfach stabil! Die Monats Vola ist ca 60% also sind 20% pro Woche derzeit normal. Ist hier jmd mit einem Optionstrader Setup / Reuters Terminal der das bestätigen kann? |
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More users using Segwit transactions will be what helps drain the mempool to get the fees down. This will take some time as exchanges change their wallets to handle segwit (as mentioned in this post previously). In the meantime BTC should get some more hashpower as some minors switch over to mining BTC from BCH. BCH is around 2 mins per bock so as I am writing this I see this hashrate starting to change in the next 12 hours. BCH will have a major difficulty adjustment upward this go around. I do not see this cycle ending between BTC and BCH for at least a few more weeks. Well worth the wait though. Don't panic sell.
Just a friendly reminder: majority of miners never wanted SW, rather bigger blocks. Not so sure if that speeds up very soon, also when we see the 2x fight against miners on top. Some miners might just skip all SW TX until NYA 'consensus' is reached. If not, they might play legacy BTC down and Bitcoin Cash wins. |
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Wise people always posted that
SW is not a on-chain scaling solution
SW is a slow starter since infrastructure and users have to actively change - segwait bit is true.
A 2x (NYA) helps immediately for fee reduction and needed mass adoption block space and was the only way to get miners agree on the SW 1x at first step.
Bitcoin had 8+ years evolution+reputation time to be as safe as known today. Potential new 2nd layer scaling techs need many years too, to be save enough to be used, but might never be same trustless as bitcoin on-chain trx.
And AFAIK all that trouble, because of some potential centralization fears in some years, that might be wiped away by new massiv growth e.g. in big business world that would mean real decentralization, because these entities need to run lots of new separate big nodes on top.
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I see that there are some people here who are still in denial about Segwit2x. The top merchants have signed and they are supporting it while 90% of the miners are signalling that they would also support it.
Its just like in the real world. The ordinary people have no say in it even if they think they do.
Ordinary people you find are just moaning, some do even stupid terror with war hats. If all would agree, that small blockers would take it serious with the 'decentralization issue', they needed to be real users and start mining, despite simlpe butt head moaning. Then bitcoin is better off , but sadly we cant fix stupid. |
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Things are not going to be so simple, no one expected the bitcoin cash fork but since it does not have a lot of support not many people care either way that is why bitcoin was unaffected but the next fork is going to be another story it has a lot of support from miners and exchanges. Like big ones: ShapeShift, BitPay,.... . But more intersting might be, that lots of the former 'decentralized' actors learned to collude i.o. to get what they want ( from other collusions like UASF or BSCore) and created a strong productive 'testnet' Bitcoin Cash as a precurser or proof of concept that HF and big blocks are no real things to fear. And if finally all NYA colluders do what they ve signed, miners with say 90% , it might be irrelevant what you will run on your private, connection-starving node. |
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 Nächster Halt 5000-6000 Dollar sehr optimistische Einstellung bin aber der Meinung das Bitcoin Cash derzeit dem Bitcoin-Kurs einiges an Schwung nimmt.... wo wäre der Kurs wenn es nicht zum "split" gekommen wäre? Jetzt jumpen die Miner hin und her... Sehe ich auch so, nur die Trader jumpen genauso. Interessant wird der Kurs, wenn die Shops, BitPay usw jumpen. Diese Vola braucht eigentlich niemand, der BTC Kurs ist aber noch ordentlich stabil zwischen 3600 und 4400. |
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No. Just bigger blocks pls. |
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NYA will fail, because BTC is not about a couple fiat corporations gathering and taking over the protocol. Bitcoin whale will crush the SegWit2x coin and the miners will be forced to mine back into the real Bitcoin blockchain. Any other outcome would mean that Bitcoin failed since it was took over by a couple idiots in suits lead by SegWit2x main dev and CIA agent Jeff Garzik. Nice trolling. How can you change fiat on ShapeShift? How is Jeff a CIA agent and if so, who coder cares? No this is about Bitcoin economy and miners will blow out the AXA suits leaving them with a slow chain. Bitcoin is about scaling for all, how could you exclude people you dont like? Relax, they are about securing your bitcoins in exactly the decentralized manner it should be. |
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I see a lot of comments from both sides of the scaling debate, both very strongly believing that their side (be it core, or big blockers), is the true representation of "Satoshi's vision, as obviously expressed in his whitepaper."
Who is right? What is "satoshi's vision", really? Are people twisting words too much or adding their own unfounded opinions?
Would love to hear your thoughts.
Satoshi's vision doesn't really matter. He's not here, and we need to create a system that will actually scale and work in the real world while dealing with actual issues such as bandwidth, storage, decentralization, and consensus. In Satoshi's vision, he claimed that he'd just make decisions on his own and everyone would do whatever he decided. In the real world that wouldn't be true even if he was still here, and it certainly isn't true now that he's gone. Here's a quote from Satoshi demonstrating his belief that he could just arbitrarily change the block size in the future and people would simply accept it: It can be phased in, like:
if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
Yeah, just put it on the 'no-brainer' list. Not worth to discuss in any detail, but aware it need a hard fork. Sigh |
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Whoever would think of trading or mining BCC
Considering at certain Times , Mining Bitcoin Cash is More Profitable , so anyone that want to earn more profit will mine Bitcoin Cash. Bitcoin Cash is the Real Bitcoin. SegwitCoin dies in a death spiral in 2018. https://cash.coin.dance/blocksIt is currently 92.6% more profitable to mine on the Bitcoin Cash blockchain╥Aztek This might be the final outcome. I also was reading that the German Bank Controller BAFIN have a strong view on payment companies and LN falls into this. So I predict SW + LN is a dead born horse. Core fan boys just do not get that on-chain + on-earth is the only real trustless way |
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Here we go! The flippening!
Thaught it was called the chashening? We just see and learn what Asians do with their money, gambeling and choosing the cheapest txs layer. |
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