I don't understand the BCash fanatics irrational objections to Segwit. As far as I can tell, it's just a clever optimisation and rearrangement of how data is stored to save space. Where is the objection? It's like hating file compression because it exists and it can save space  Its because anyone can steal your coins that's why in the time its been available on litecoin and more recently bitcoin you've see all those 0 complaints of everyone's coins going missing |
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in 10 years BTC could be down to 1.5625 BTC where BCH could have powered through 3-4 times as many blocks and only have a reward of 0.02441406 BCH or 0.01220703 BCH so to remain profitable the difficulty would need to be really low and really fast blocks
Your scenario is possible, but implausible. Correct, it would be ridiculous to think that in 10 years the various groups of developers of bitcoin cash do not update the EDA  Well core is taking more than 3 years to scale bitcoin ... maybe  Various groups of developers ? you mean the ones that failed on XT, classic and unlimited Well the developer does not see it as a priority and had openly said so even though the users have gave more than a few examples of how to fix it and many have suggested to just remove it altogether because its not needed anymore The only conclusion can be that he is taking a bribe from the miners because they need it or he thinks the hard fork required would kill BCH and its best to just let it struggle |
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^ Why not faster blocked good? Could you explain? Geniune question, I don't know. Not sure if this is serious or trolling lol Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this Now you're starting to sound like those dumbazzes in the video you posted. First off, block rewards are not inflation, they're issuance, and as others have pointed out the mined coins are not being sold immediately. Also you and your buddies with the Sopranos posters and gold chains on their necks are forgetting that BCH never had the 50 coin block rewards that BTC had (during a period of rapid price growth, again contrary to your theory about inflation). What caused an excess of BCH on the markets was the Xapo and Coinbase dumps. Those people are afraid of holding a coin and many of them don't even have wallets, so they sold for BTC. Also, everybody is stockpiling BTC for the 2x hard fork. Maybe the Kore 1x chain will be worth something, but I figure people will be dumping 1x for 2x and trying to time their 1xit. Obviously BTC is going through the roof again, but has anyone noticed the mempool? Get ready for 72 hour confirmation wait times again. BTC fees are 4000x BCH's and climbing... BCH "ohmygod no blocks for 2 hours". LOL. I guess we'll all be paying $100 fees for our 1x dumps... You really are clueless aren't you carry on believing what you want I really don't care it's your money not mine |
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Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this
The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing? You cannot count the blocks before the fork because it wasn't bitcoin cash then it was bitcoin and was not being abused Bcash is only around 10 weeks old and already currently close to 6 weeks ahead and you think this is nothing So if the EDA continues being periodically activated for the next three-quarters century or so (a dubious proposition at most), Bitcoin Cash miners' income will need to switch from block reward to completely transaction fee by the year 2090 instead of 2140. And you see this as an imminent fatal problem. Got it. It is a problem because the faster the rewards deplete the lower the difficulty will need to be to remain profitable meaning the rewards will deplete faster and faster in 10 years BTC could be down to 1.5625 BTC where BCH could have powered through 3-4 times as many blocks and only have a reward of 0.02441406 BCH or 0.01220703 BCH so to remain profitable the difficulty would need to be really low and really fast blocks The users want it fixing fast but the dev does not see it as a priority even though nothing else is really being worked on (possibly paid off by jihan to delay a fix cos he needs it) Right now BCH is running almost twice as fast as it should be but profitability is way down so give it a few days and they will all drop off and let the difficulty drop further so they can mine it even faster As the value and profitability drops this will have to get faster depleting rewards even faster |
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I was curious about what would happen if the bitcoin gold would already exist, would it beat the bitcoin cash? I expect the price to go up, I still keep because I bought when the price of 0.18 btc if I sell now at a price of 0.05 btc of course I get huge lose.
Bitcoin Gold does not currently exist but seems to have a fairly positive reception from bitcoin users it is supposed to be forking on the 25th October and released for use on the 1st November but reading the github repository and looking over the current source code there is still a lot of work to do so may see some delay although Ive been told directly by them that they are on schedule. Will Bitcoin Gold affect the value of BCH.... That I cannot see happening if anything does it will be B2X but it could be in the downward direction there are a lot of BCH supporters that are primarily behind B2X I think initially Bitcoin Gold will struggle with low value unless large exchanges list it I won't be buying any BUT will be turning my GPU miners over and mining to a offline paper wallet as a hedge bet for if there is a sudden huge demand if it does hit major exchanges |
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In the end, I dont really care about any of this forks, Bitcoin Cash or Bitcoin Gold! I only care about Bitcoin itself, and I dont believe that any of these two forks will threathen Bitcoin in any way. If, in any way, there is a possibility for Bitcoin to be negatively affected, than we should be worry Everyone has opinions, ideas, something they like, believed in digital coins and in the end everything depending on the users what's will be choosen by community, they can choose bitcoins, bitcoins cash or bitcoins gold. Is it problem? Of course not, it's decentralize, transparent in digital coins, everyone has responsibility about what's will be done. In the end it is true what you say. Nobody will keep people from forking a coin, much like it happened with Bitcoin Cash. The user ultimately decides which coin remains the strongest or becomes the strongest. The user decided until now that Bitcoin is the strongest. And the system seems to work really well. Include many services can adopt bitcoins cash too in their service is like BTCC, In March BTCC released Mobi, a digital wallet app that allows storage, management, and transfer of digital currencies. Mobi has now introduced litecoin (LTC), ethereum (ETH), and bitcoin cash (BCC) wallets, allowing you to manage all of your crypto assets in one convenient and reliable mobile app. https://www.btcc.com/news/en/announcements/2017/10/12/mobi-wallets/?utm_source=Mobi%20LTC%20ETH%20BCCNo one can stop it and it is a choice of ecosystem digital coins. Correct nobody can stop it but users/miners can loose faith until no one is willing to support it same outcome |
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BCH now even steps behind ETH. im wondering if this coin is coming to its true value - 300$ .
I think it will fall to $250 Maybe a scenario was behind it to help bitcoin , create it so people sell it and buy bitcoin dirty world Still following the line to 0 BTC it wont't last but so far its not looking good  |
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Damn BTC hit +$5900 at Bitfinex!!! I was too slow to sell! *lol* $6000 today!??!?!  Maybe the rich people have started realizing there is only 21 million BTC! It might have something to do with a couple of news articles today of maybe just a coincidence Today we're excited to announce our Lightning Desktop app, now available for testing https://twitter.com/lightning/status/918564167778369537Just SegWit? Bitcoin Core Is Already Working on a New Scaling Upgrade https://www.coindesk.com/just-segwit-bitcoin-core-already-working-new-scaling-upgrade/Both were common knowledge for anyone in the know but look 1 step closer to reality especially the lightning network one Also bitcoin is well under $300 in value to hit the mythical 100 Billion Dollar market cap |
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I am interested in it.Can you explain it detailedly？
Do you mean Bitcoin Cash  |
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That is nothing new though he usually does that when Bcash is hypermining
Yeah, it definitely is in supersonic mode. Blocks coming in at like 1 or more per minute. I thought the mystery miners would be happy just mining for a loss until the regular retarget, in an attempt to normalize. Not sure why they want to mine for a "profit" when they are only HODL the coins they mine, at the moment. Simple get more for there money at the expense of killing what credibility bcash has left Profitability is still dropping fast right after the EDA adjustment it was around 40% more profitable and in such a short period this has dropped to around 25% and we know for a fact that there will be another EDA in a couple of days when the profitability plummets later today (or tomorrow depending where you live) |
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That is nothing new though he usually does that when Bcash is hypermining |
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Might that explain Charlie's tweets? Charlie's tweets are no different from usual unless i've missed something recently |
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Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this
The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing? You cannot count the blocks before the fork because it wasn't bitcoin cash then it was bitcoin and was not being abused Bcash is only around 10 weeks old and already currently close to 6 weeks ahead and you think this is nothing I agree with tekmobile on this. Also as the value keeps dropping the block generation times need to get faster and faster just to remain profitable and if the miners (which are currently holding) attempted to sell the coins they have accumulated the value wouldn't be in a steady decline anymore it would be a free fall off big cliff This is fact there is nowhere even remotely close to enough demand to eat this kind of inrush so the miners have no choice but to keep holding while the value keeps slipping this is a vicious cycle but a real one |
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Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this
The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing? You cannot count the blocks before the fork because it wasn't bitcoin cash then it was bitcoin and was not being abused Bcash is only around 10 weeks old and already currently close to 6 weeks ahead and you think this is nothing |
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^ Why not faster blocked good? Could you explain? Geniune question, I don't know. Not sure if this is serious or trolling lol Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this |
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^
Yeah, glad I wasn't on the side lines for BTC. *lol* I went in some two days ago.
Its just dropped below 0.059 BTC now this is a new low |
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Another round of price dump incoming then.  Not really blockchain gives you your private keys so most if not all users will have already split in other news BTC just surpassed $5300 |
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on another note looks like the miners have finally thrown in the towel and gave up last block 3 and a half hours ago now just wait for the EDA exploit to fix the profitability for them they only need to trigger a single reduction to keep parity any more and it will be more profitable and back to hyper blocks
Oh, and BCH hashrate/EDA gaming is fixed. Somebody made an API which allows miners to jump on BCH mining the minute the hashrate drop dramatically - market forces at work... Can't be working very good its currently on track for 4x difficulty reductions EDIT: 3 reductions are already locked and guaranteed to happen now (4.15% of BTC) one more and the chain will be operating at a mere 3.32% of BTC  EDIT: Looks like BTCtop has come back so just 3x reductions only 4.15% of BTC is still too low and will almost without doubt be giving close to 1 min blocks BCH is now officially the weakest its ever been its at its lowest ever value compared to BTC it has never been this low before and the difficulty is also at the lowest it has ever been |
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on another note looks like the miners have finally thrown in the towel and gave up last block 3 and a half hours ago now just wait for the EDA exploit to fix the profitability for them they only need to trigger a single reduction to keep parity any more and it will be more profitable and back to hyper blocks
Oh, and BCH hashrate/EDA gaming is fixed. Somebody made an API which allows miners to jump on BCH mining the minute the hashrate drop dramatically - market forces at work... Can't be working very good its currently on track for 4x difficulty reductions EDIT: 3 reductions are already locked and guaranteed to happen now (4.15% of BTC) one more and the chain will be operating at a mere 3.32% of BTC EDIT: Looks like BTCtop has come back so just 3x reductions only 4.15% of BTC is still too low and will almost without doubt be giving close to 1 min blocks |
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