ImI
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Activity: 1946
Merit: 1019
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August 02, 2017, 10:44:58 AM |
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When the hashpower begins swinging from one chain to another it's going to get very messy and both coins will become unpredictable, unstable and at times very difficult to use.
lol, you mean just like eth and ltc are completely unstable cause GPU-hashpower switches between the two all the time? hashpower follows price with a lag of several weeks, no reason to push the panic-button. |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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williamuk
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Activity: 70
Merit: 10
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August 02, 2017, 10:50:17 AM |
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There is no founded argument that increasing 7tps increasing the value. Economics doesn't support it.
This is the dumbest sentence I've ever seen on this forum. The burden of proof isn't even on others to prove increasing throughput increases value, the burden of proof is actually on you to prove that bitcoin has any value whatsoever as a settlement network and that 4 TPS would somehow allow it to fill this role. I've already explained numerous times why bitcoin has zero value as a settlement layer:1) It has built-in rent seeking middlemen (transaction validators) and doesn't remove counter party risk since you're always relying on all kinds of external parties to facilitate transactions 2) Alternatives already exist before the creation of bitcoin that are far superior for settlement such as gold and silver that actually do remove counter party risk and don't have built-in rent seeking middlemen 3) Network effect assumes infinite scalability, which bitcoin doesn't have. Trying to force everyone onto a highly scaling constrained system with giant fees is a pro-usury stance 4) Due to the above , bitcoin has a reverse Schelling point where there's huge incentive to fork or use a different system rather than pay extortion usury fees. Low scaling = inveitable rough consensus attack/split. 5) Bitcoin is a currency and not money. The value of a currency is entirely based on transaction flow, not stock (how much commerce it can facilitate by scaling) 6) The greater fool theory only works if other people actually need what you have and nobody needs an imaginary "virtual commodity" when they can just create their own. They do however need things like silver. Cornering the market on bitcoin doesn't actually give you any type of power over others, while cornering real commodities like oil or silver does. I'm not a fan of precious metals but +1 for the rest. If more ppl understood that they would understand that Blockstream is in effect trying to steal what little value bitcoin currently have. Core / Blockstream supporters would stop cheering if they knew. |
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GHCoins45
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August 02, 2017, 10:54:44 AM |
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0.34 on bittrex, wtf?. When we can deposit there?
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Wexlike
Legendary
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Activity: 1473
Merit: 1086
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August 02, 2017, 10:57:39 AM |
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0.278 on bittrex, wow. When we can deposit there?
In ~2-3 days, until the mining difficulty falls back enough to create new blocks. |
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Dakustaking76
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August 02, 2017, 10:57:47 AM |
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Lol
The price on kraken for bcash is realy high?
What we gonne do?
Sell ore still waiting for it
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williamuk
Member
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Activity: 70
Merit: 10
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August 02, 2017, 11:04:48 AM |
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Guys, i made 4 bitcoin, just by lending the hell out of it, at 5 percent. And i have no idea what bcc, bch is.
Could i have done better ? I mean, it´s still 2700. 4 multiplied by 2700. I´m off, wanking.
Well, let's see... 4BTC is 5% of 80BTC. You would have received 80 BCH. Right now, kraken lists the price of BCH as 0.13563 BTC. 80 * 0.13563 = 10.85 BTC. Did you do good? You tell me. Was the lesser risk worth a 2.5x difference? Personally, I would have gone for the BCH, but then again, I believe that BCH rather than segwit is the proper route forward for Bitcoin. (actually, I went for the BCH)
When y'all gonna start dumping your BCH like you were whining about yesterday? I want more cheap Bitcoin Cash! If you liquidated all your btc for bch wtf are you doing in a bitcoin forum? You have no position or faith or care for the project. Trolling I guess huh? Some will argue that bitcoin cash is bitcoin whereas what is now under the control of Blockstream and Digital Currency group doesn't have much left to do with Satoshi's vision. I'm one of them. Luckily the moderators on this forum are more tolerant of views that differ from those of the loud minority than you are. |
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criptix
Legendary
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Activity: 2464
Merit: 1145
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August 02, 2017, 11:05:34 AM |
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I feel terrible for instantly selling half of my BCH's. Though we would have a lot of selling pressure when people get their free coins. Looks like BCH is heading higher. But well free money is free money  |
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julian071
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August 02, 2017, 11:09:17 AM |
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Of course BCH is going higher. It's near impossible to get BCH to an exchange to dump it. The pumpers are not having to work very hard at the moment.
In the meantime BCH is failing to mine blocks. So much for being the 'faster' bitcoin. They are finding out that it's not so simple to build something that actually works.
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Wexlike
Legendary
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Activity: 1473
Merit: 1086
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August 02, 2017, 11:12:20 AM |
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Of course BCH is going higher. It's near impossible to get BCH to an exchange to dump it. The pumpers are not having to work very hard at the moment.
In the meantime BCH is failing to mine blocks. So much for being the 'faster' bitcoin. They are finding out that it's not so simple to build something that actually works.
They are not failing, they just simply stopped. They will continue after they left the 12h difficulty adjustment window. |
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williamuk
Member
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Activity: 70
Merit: 10
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August 02, 2017, 11:13:53 AM |
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How many of you planned to host a segwit node to get fees?
Bingo. Starving the goose in the process and not understanding that only major players would be able to invest in the infrastructure required to run successful / profitable nodes. |
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iTradeChips
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August 02, 2017, 11:17:36 AM |
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all of you who are frustratedly waiting to get your BCH deposited are lucky. I took the risk of keeping my Bitcoin on Kraken and Coinfloor, so was able to dump very happily at 0.07. FFS, really kicking myself now!
my thoughts exactly. although some of my btc are in my wallet and some on the exchanges. i woke up today ad was surprised to see it trading at bittrex and cryptopia and i was also too happy to dump at around ~0.113. good thing i have some BCH left due to issues. |
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Ludwig Von
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August 02, 2017, 11:25:03 AM |
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I ordered and paid for a Trezor, express delivery, on Monday morning, to catch the BCH, but nothing happens... . Order remains in status unchanged on their webshop page  So probably they are having some unforeseen trouble ? |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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August 02, 2017, 11:27:24 AM |
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  @arbedout |
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GHCoins45
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August 02, 2017, 11:29:13 AM |
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0.48 on yobit, damn if I could dump at this price :|
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podyx
Legendary
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Activity: 2338
Merit: 1035
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August 02, 2017, 11:37:59 AM |
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If I had my bitcoin on electrum wallet before fork, do I need to send them to a new electrum wallet or can I send them straight to exchange and still claim BCC?
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traincarswreck
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August 02, 2017, 11:38:06 AM |
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Lol: Kraken ExchangeVerified account @krakenfx 1h1 hour ago
More
BCH deposits + withdraws may not be available for several days. We won't enable funding until we think it's safe. |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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August 02, 2017, 11:45:47 AM |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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August 02, 2017, 11:52:10 AM |
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Why are bigblocktards so dumb?
So much BCH hatred. The blocks just want to propogate and they're met with a hate movement by Marcus & friends.  uh oh.... something must be wrong when r0ach starts preaching peace and understanding Definitely something is very wrong with Roachy. He will embrace even central banks if they can kill Bitcoin. |
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traincarswreck
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August 02, 2017, 11:53:53 AM |
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On the one hand the price is skyrocketing! On the other hand the valuation is largely comprised of the illiquidity: BCH is currently trading around 0.15 BTC on Kraken. This is double to even triple as much as it was yesterday. However, since many users are still unable to (securely) access their BCH, and almost no exchanges allow for BCH deposits yet, not to mention the slow state of the Bitcoin Cash blockchain to get transactions through, these prices are likely distorted to some extent.
5:10 am ET “To prevent 51% attack, BCC @bitcoincash deposits to ViaBTC need 20 confirmations before available for withdrawal.”
@ViaBTC
4:59 am ET Anyone have a solution? Hopefully this ends up in bch continuing to rise and every one both sides of the civil war getting rich either by selling and/or hodling... |
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