Found these questions popping up, interesting.
1) What is segwit?
2) Who is behind segwit?
3) Who is Blockstream?
4) Is bitcoin broken?
5) Why is it not?
6) Why do they say it is?
7) How long has block size debate being going on?
8 ) What are side chains?
9) How do side chains solve blocksize debate?
10) How does network, storage and cpu upgrades help blocksize?
11) Why is bitcoin unique to other coins?
12) Who would want bitcoin broken?
13) Why does bitcoin lag in software development?
14) What is unique about the bitcoin software environment?
15) Why is trust and transparency important?
There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way. |
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Oh, wait! Won't it be better to keep 1MB blocksize and decentralized as much as possible, and in 2 years make a bitcoin sidechain with all your ideas implemented IF they actually proved correct?
Why would we do that when we already built Bitcoin Cash? Because Bitcoin Cash is the most centralized shitcoin in the entire crypto Universe. And Bitcoin Cash CEOs are proven crooks. And most importantly Bitcoin Cash doesn't offer any solution to the scaling problem. |
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There is still lots of work to be done.
Ah, I see. Then lets stop Bitcoin and restart it in 2 years when we're ready? Oh, wait! Won't it be better to keep 1MB blocksize and decentralized as much as possible, and in 2 years make a bitcoin sidechain with all your ideas implemented IF they actually proved correct? |
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I recently spearheaded the launch of a 5-year / $3-million dollar project called the Gigablock Testnet Initiative. The goals of the project are to do scaling R&D so that bitcoin can scale to bank the billions of unbanked, facilitated low-friction payments between anyone, and .... well simply be better money.
Why limit the block size to 1GB? Lets make it 1000GB each block, You can then scale bitcoin to bank trillions of unbanked from the entire Milky Way! Or if we make the block size limit to 1000TB then we can scale bitcoin to bank trillions of unbanked from all the nearby galaxies. But then who will host the blockchain? Jesus, is that you? |
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Maybe BTC and BCH community can set aside their differences and destroy BTG  BCH community?... Seriously? This community is 3 men whose egos are bigger than Everest. Craig Wright - Fake Satoshi who tried to con everybody. Roger - Who told you Mt Gox and Bitcoin Unlimited were safe, and joined all possible BTC fork initiatives since day one. Jihan - Mining/chip mafia leader and Antbleed purveyor. What possibly could get wrong with BCH? |
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Why are we not attacking bch?
Because nobody cares about bch. Miners will suck its blood and will throw it in the ditch. |
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I don't mine anymore but there is no way I would point my miners at a pool that switched to Bitch. If anyone is still using any of the Chinese mining pools, this should be a wake up call. I think a lot of people have already realized this which is why Slush pool has been growing.
The only reason Slush is growing is because all the other miners have abandoned BTC for now. Miners aren't loyal to anyone or anything. They want them bills paid and some profit. That's it. If that dimness kills BTC they'll probably grunt and find something else to mine, even if there's nothing left. If you don't think 70% of the hashpower moving from bitcoin to an altcoin is a problem, I don't know what else to say. It is problem for bitcoin but it is death for the altcoin. With this speed all 21 million shitcoins will be mined next year. And then nobody will look at it because it was created to offer low fee txs. |
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As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.
The "problem" with the fees will never be solved whatever we do. There will always be people that will say fees are too high. Segwit2x will fail to address the problem and Segwit4x will be required. Then Segwit8x wil be required and so on. This is why I don't see any problem with the fees. If you can't afford those fees just use fiat banking. Bitcoin is for people that do value their money, financial freedom and privacy. |
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It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.
But but but why would you use Bitcoin if you can use Bitcoin Cash? It is so fast, block is mined every minute and tx is almost free. |
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"Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator."
Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving. Actually he has very good point. What you call Bitcoin Segwit can do ALL the things so called Bitcoin Cash can do and a lot more. This is why BCH is dead. It was born dead. |
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The miners switch networks to provoke a correction, to ensure the bulls can rest a little.
Bulls can't rest because growing number of people are awaiting a decent correction to jump into bitcoin for the first time. This is why we have new ATH shortly after every such correction. |
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Congrats. Bitcoin is successfully cleaning itself from Wus, Vers, Rights, and other rats. Future for Bitcoin is bright!
Mostly like your post .... short and straight to the point Craig Wright - Fake Satoshi who tried to con everybody. Roger - Who told you Mt Gox and Bitcoin Unlimited were safe, and joined all possible BTC fork initiatives since day one. Jihan - Mining/chip mafia leader and Antbleed purveyor. What could possibly go wrong with BCH? To everybody that tries to make money by "trading" BCH. Don't let those stooges make money from you! It is a highly centralized insiders market. If you still have some crapcoins unsold just sell them and let the gang boil in their own sauce. |
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Ethereum will again be No.2 on the market cap within days. That pump is artificial and can't sustain the price for long time. Ethereum has developers,community,institutions and use cases it is superior than that crap. I am long on Ethereum no matter how it is behaving in very short term.
Vitalik has different opinion. https://twitter.com/VitalikButerin/status/929558722170429440 |
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And now what? Monday is coming, BCH bagholders. LOL. Can't find anybody to sell their BCH bag to.
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Congrats. Bitcoin is successfully cleaning itself from Wus, Vers, Rights, and other rats. Future for Bitcoin is bright!
what if they just made more money? They made more BCH, funny money nobody uses. |
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Congrats. Bitcoin is successfully cleaning itself from Wus, Vers, Rights, and other rats. Future for Bitcoin is bright!
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I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.
BCH = Losers |
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The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.
Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same. |
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If BCH wins
BCH is dead. It was dead at the time it was born. What we see is the final stage of desperation to reanimate it. This only will cost more to Wu and Ver. They are morally bankrupted. After dust settles they'll be financially bankrupted. |
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anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?
At this rate bitcoin cash's 21 million coins will be mine within a year.
Why do you think there will be only 21 million altcash coins? |
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