Less storage and less bandwidth than now but control of emission is still maintained.
That didn't make any sense. User verifies all transactions in his shard to ensure that no extra coins are injected by miners - control of emission. You said that miners/stakers are required to have all the shards. That is NOT sharding, and it makes a full node lesser than what it is in a non-sharded network.
We don't care about miners' wishes and requirements, through competition they will bear any block size as long as it brings in profit. Shards are created to accommodate reduced storage and bandwidth capacity of users. These shards are detached from each other, basically being independent currencies. But it's not something unheard of, throughout history people have been operating in parallel standards - gold, silver, copper. In the USA there were multiple coins before establishment of the Federal Reserve. Even now people in borderline zones carry two or three sorts of banknotes in their wallets. So if a technically sound and scalable solution could long-term stop corruption and legalized theft then I would say these conversions between independent currencies/shards would look like minor inconvenience. That doesn't change anything except make "full nodes" mean less than what they are in a non-sharded network. Plus the complexity for what benefit? Do we stop trusting the consensus, and start trusting each node? This is the best rabbit whole, where actually comes the trust from... The distribution is just a model, that doesn't hold in real world as it gives full trust. We have small , slow players and a few big ones. What is about now? |
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I think the developer of bitcoin cash is now trying to be more competitive in the marketplace knowing that there are many new altcoins which is very hyping at the moment such as uniswap and chainlink, this is really a good move for them to make a hype as well so many people can also acknowledge them as one of the best top rank cryptocurrency.
Well, at least one smart person was found. Protocol renewal was planned for a long time. BCH is the largest coin by capitalization will always be in the spotlight. The rest of the coins cannot even be compared Losing the scaling race, the transaction race and the orthogonal buisness adoption race ? You win the fork for no reason and max non-compliant race - that s for sure  Good luck |
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Source from: https://centi.ch/2020/09/23/payments-handshake-protocol/Through Centi’s outreach efforts to Point of Sales (POS) providers and commercial payment systems acquirers, we have learned a lot about the business and its structures. Centi’s goal is to integrate seamlessly and effortlessly into the existing infrastructure. To collect payments in Bitcoinsv, so called payment URIs are popular. From the user perspective this means scanning a QR-Code with the Bitcoinsv wallet. The QR-code contains the payment details which are then shown in the wallet app. This is a proven concept and has seen many implementations over the years. Nonetheless, implementing this on current POS hardware means making changes to the POS frontend which can be a cumbersome and lengthy process considering POS devices being hardware and subject to regulatory oversight. If we look at other mobile payment options, we find that wallets usually make a handshake with the POS-Terminal and then get sent the payment details to the wallet for approval, which differs conceptually from having the payment details encoded into the exposed QR-code directly. The required handshake information is shown on the POS terminal and can then serve as a basis for the handshake with wallets of different payment providers. This inspired us to think of a way to use that very same handshake-information for Bitcoinsv payments also. An implementation like this has three main advantages: 1. No changes needed to the POS-Frontend 2. No training needed for store personnel. In fact, store personnel don’t even need to know Bitcoinsv is accepted as there is not a single button to be pressed for invoicing Bitcoinsv. All this is possible whilst still using native Bitcoinsv and retaining all it’s properties and advantages. 3. No change in user experience on the wallet side. Today we proudly announce that we have co-developed the described Bitcoinsv Payments Handshake Protocol with HandCash which is the most popular Bitcoinsv mobile wallet. HandCash has a track record of constant innovation e.g. the introduction of the first handle system in the Bitcoinsv Space, which made it possible to send Bitcoinsv to human readable IDs. Just a few days ago the team announced further improvements in backup simplicity. We are aware that such a handshake protocol has value to other payment enablers and other Bitcoinsv wallets alike and it is in both companies’ best interest to grow the Bitcoinsv ecosystem further. Thus, the protocol, including wallet libraries and implementation details, will be made available publicly after a brief exclusivity period. In order to be ready for the Centi go-live, we recommend downloading HandCash from your favorite app store and subscribing to our newsletter on https://centi.ch/
Sounds great, also now that Handcash comes up with a keyless solution - all hardware wallets : byebye (true, we d need to see some proof from external cyber security / pen testings / ISO xxx audits to ensure that it works as announced) Good work! |
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Jeder absichtlich eingebaute hook für 2nd layer ist ein Makel für Bitcoin und verschlechtert das base protocoll - einfacher ist immer besser (nur das ist Bitcoin - per strikter Definition) - für jede Nutzung / Risk Betrachtungen Wo sind diese "absichtlich eingebauten hooks"? Wie gesagt, CLTV, CSV und Segwit haben auch andere Use Cases. CLTV ist eigentlich nichts anderes als "nLocktime done right", weil nLocktime ja verschiedene Probleme hat. Dann: Alles was off-chain läuft, MUSS auch irgenwo eine trace haben, egal ob Geldwäsche oder nur zum Accounting. Der Unterschied zu anderen Zahlungsformen ist aber: Bei Bitcoin sind alle on-chain Zahlungen öffentlich einsehbar. Eine komplette "Öffentlichkeit" der Zahlung ist aber ein Gegensatz zum Anspruch auf Privatsphäre. "Tracen" ist auch bei LN bei Einsatz von echter Ermittlungstechnik wahrscheinlich weiterhin möglich (jedenfalls habe ich gelesen, dass eine wirklich anonyme Zahlung über LN sehr schwer ist, da es Möglichkeiten gibt, den Datenverkehr dort "abzuhören"). Du kannst Tracing aber auch ohne LN stark erschweren (aber wahrscheinlich nie ganz verhindern). Egal, das alles verhebt bei keiner strikten und kritischen Analyse, und das machen genau Legal & Complaince / Risk Teams. Sorry Stell dir mal einen heftigen Rechtsstreit vor über ein paar Milliarden, wo das alles auf den Tisch kommt - neeeeee, das ist so nicht wirklich wasserdicht, gerade Segwit |
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but creating new coins might be the most risky one
without creating new coins might be the stagnation of crypto economics there is only one single value transfer / P2P electronic cash protocol needed and better to bootstrap globally than x000 of useless / scam coins, that just hurts the entire space and ends in a mess (seems we are already) BCH was done to keep Bitcoin close to the White Paper You guys lost that track cause of own agendas Regulators will close such scams soon imo - there is no benefit for society at all |
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Update: A new hard fork of BCH is coming (on November 15)
P.S: Get ready to to airdrops
ABC seems to me to be the agressor with some dev funding consensus change, right - but try to keep the ticker ? What is the legal base for all of that - cause users / owners / hodlers / business might come down and sue the central planners / governance .... wtf |
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You can use moneybutton / relayx to earn on powping / twetch ... by posting content ppl like / tip Funny, that there a not much trolls |
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Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Check their trust page to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution. [bSCAM? ? HELP[/b]Bitcoin was never about ppl, its about matter, function, protocol definition - > P2P electronic cash system PPL selling scams using its brand 'you should proceed with extreme caution' Discussing ppl is lame af and off topic |
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Bermuda Stock Exchange to Have the World’s First Bitcoin ETF.The world’s first Bitcoin (BTC) exchange-traded fund (ETF) is going to be launched on the Bermuda Stock Exchange (BSX). According to an official statement released by the BSX, the new Bitcoin ETF is going to be called Hashdex Nasdaq Crypto Index ETF and there will be released to the market 3 million Class E shares.
The new Bitcion ETF has been launched thanks to the Brazilian Fund Manager Hasdex that partnered with the Nasdaq in order to offer investors a safe and regulated Bitcoin ETF product. This would help firms and users get exposure to the crypto market through a traditional investment platform. For all the fiat to disappear in the Bermuda Triangle. shilling FOR banks (kraken), bank product (ETFs) and all with high fee transactions, higher than SWITF or any other costs - what was the original Bitcoin about ? - meh |
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Forking is just the expression of some others want to gather control over Satoshi's genius work -
There would be no development of cryptocurrencies without forks Protocols do not need devs once established- it took 2 years for Bitcoin to settle and set in stone On top, apps and co need devs, working on stable base Forking of protocols - is a natural way of cryptocurrency development In terms or create new coins - its is Not to create apps and freedom of tech & stability of business / user applications running on top - even Roger just understood that on Make your own choice here, but creating new coins might be the most risky one |
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Forking is just the expression of some others want to gather control over Satoshi's genius work -
There would be no development of cryptocurrencies without forks Protocols do not need devs once established- it took 2 years for Bitcoin to settle and set in stone On top, apps and co need devs, working on stable base |
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How nice this will look with the nice Dragon Icon?  Liiike this?  Source maybe bsvfan Lovely |
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How nice this will look with the nice Dragon Icon?  |
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After crypto winter - this year DeFinter is coming cold on some |
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I agree with bsvfan. A lot of people around the world are more interested in the innovations produced here thanks to the fabulous developers and hackers known and anonymous that have the effect of drastically expanding the ecosystem. The goal is to exploit a tool that enlarges the ecosystem week after week (which impacts a great differentiation) compared to other projects. Not necessarily focused on speculation but everyone is free to act according to their desires and needs.
Yep- and hodl waitl ponzl forkl - anonymousl - is never innovation keep the protocol stable, close to the original specs and create really new things of use on top that might make your life sustainabe and happy, cause that is really yours |
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2nd Layer shit (s.o.) gehören deswegenn auch nicht in Bitcoin [...]
Ziemlich fragwürdige Aussage. Zumal "2nd Layer Shit" nicht "in Bitcoin" direkt implementiert wird, also eben nicht in die Konsensregeln aufgenommen wird (sonst wäre es ja auch kein "2nd Layer"). Insofern kann man diese Layer auch nicht verhindern, da sie Standard-Bitcoin-Technologie nutzen. Klar, Bitcoin unterstützt Lightning indirekt, etwa mit CLTV oder Segwit. Aber beide Technologien haben auch für die normale Nutzung Vorteile. Segwit erlaubt es nicht nur, ohne Hardforks Blockgrößenänderungen durchzuführen, sondern hat auch weitere "Goodies", wie z.B. hier ersichtlich (in dem Fall wird bei einem Contract eine TXID errechenbar ohne Zugriff auf den Private Key der Gegenseite, was verschachteltere Contracts erlaubt). Selbst wenn LN "komplexer" anmutet als der On-Chain-Mechanismus, bleibt es doch transparent, es handelt sich immer um ganz normale Bitcoin-Transaktionen, nur dass eben nicht alle von allen Nodes in die Chain geschrieben werden müssen. Es ist einfach das Äquivalent zur Prepaid-Karte - ein Mittel, um kleinere Transaktionen zu bündeln. Was daran schlecht sein soll, erschließt sich mir nicht. Jeder absichtlich eingebaute hook für 2nd layer ist ein Makel für Bitcoin und verschlechtert das base protocoll - einfacher ist immer besser (nur das ist Bitcoin - per strikter Definition) - für jede Nutzung / Risk Betrachtungen ( wir reden hier nicht von http oder anderen non-finance protokollen oder?) Dann: Alles was off-chain läuft, MUSS auch irgenwo eine trace haben, egal ob Geldwäsche oder nur zum Accounting. Hier werden Leute einfach VERARSCHT mit techno bubble / pseudo science (Agenda von devs / feautres ist offensichtlich) Bitte mal verfolgen, was hier z.b. in Compliance Kreisen veröffentlicht wird - das hat keine Zukunft für den Anspruch einer Welt-Neuerung für Settlement / Zahlung / Tokenes usw |
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What do they learn? That covid happens not at the bottom ? Or sitting at desks ? At least they ve some nice windows  |
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Yes thx - and there are a bunch of PowPing, Twetch, Slack and Telegram groups e.g. moneybutton, unwriter, streamanity, out there - if you need help. Work in that peace that was created by keep out the noisy trolls - they ll hodl each other tight  |
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Leider sind es solche mit Hass und Desinformation hingerotzten Beiträge, die die größte Aufmerksamkeit bekommen...  [1]Zwar hat sich die anfängliche Befürchtung, dass diese in kurzer Zeit zu flächendeckend genutzten Alternativwährungen ohne demokratischen Kontrolle aufsteigen könnten, vorerst nicht bewahrheitet.
[2]Der ökologische Fußabdruck jedoch ist aufgrund eines horrenden Stromverbrauchs oftmals desaströs.
[3]Außerdem haben sich Kryptowährungen weltweit zu einem unersetzlichen Vehikel für Kriminelle entwickelt. Drei Sätze, drei undifferenzierte Falschdarstellungen. Selbst für Leyen sollte es Dank des Internets ohne weiteres machbar sein, die richtigen Tatsachen zu recherchieren. Das ist das Mindeste, was an Grundlagenwissen für solch einen Artikel herangezogen werden sollte. ... zu 1 - Flächen-Deckend: Geht nicht / zu hoher Gebühren ( desswegen bin ich Big Blocker) - 2nd layer haben allen viele Probleme - zu kompliziert und paar devs ändern was - immer - gerade auch Geldwäsche - Hilfe ... zu 2 - Zu viel Spekulation treibt den Preis / Energiekosten für zu wenig Nutzen ( transaktionen - desswegen bin ich Big Bocker ) zu 3 - Zu viele verstehen nicht, dass Bitcoin extrem transparent und nachvollziehbar funktioniert, desswegen machen sie teure Dummheiten - Monero-Zeug und Anpassungen wie schnorr / 2nd Layer shit (s.o.) gehören deswegenn auch nicht in Bitcoin und hindern eben Punkt 1 Regulierung hilft hier (weg mit dem ganzen Shit...) das macht Bitcoin Big Again ( desswegen bin ich ....) sorry , es wird keine neue Weltwährung geben, wenn jeder was anderes will - also mal die grösste Schnittmenge für alle bestimmen (Demokratie) , und die dann auch machen mit Big Blocks |
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Forking is just the expression of some others want to gather control over Satoshi's genius work - and sadly it seems to be incentified by FIAT wealth cause many other ppl (hodlers / investors) fall into tech bubble fomo - and give money So we saw LTC, ETH, XRP, Segwit,.. all those things just because of that. Without that - Bitcoin would be just stronger - but learning curve and bag of these few (anti - Satoshi -) forkers d be more flat |
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