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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 649230 times)
mindrust
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December 07, 2017, 03:43:09 PM
 #11121



RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC. Cheesy

I feel a lot of trust and faith will be lost by the pure speculators and traders hoping to make a quick buck

Looks like, Lightning Network was the last nail in bcash's coffin. (and Roger's)

Those new miners coming in 2018 will do the exact same thing to Bitmain.




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1558946824
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anon1
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December 07, 2017, 04:08:58 PM
 #11122

LN, Thunder, sparks..  Cheesy Cheesy Cheesy


"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."



"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.
 
So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess.
"

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f


tekmobile
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December 07, 2017, 04:13:05 PM
 #11123

LN, Thunder, sparks..  Cheesy Cheesy Cheesy


"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."



"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.
 
So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess.
"

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f




Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks



svennnny
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December 07, 2017, 04:13:58 PM
Last edit: December 07, 2017, 04:27:01 PM by svennnny
 #11124

Bitcoin reaching over 17K on GDAX AMAZING just 300 USD away from hitting 20.000 on Bithumb WOHOOOO  Smiley Smiley Smiley Smiley

10 minutes later reaching 18K  Shocked Shocked Shocked Shocked Shocked

3 min later 19 K lets goooooo Grin Grin
anon1
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December 07, 2017, 06:14:53 PM
 #11125



Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks



"(Lightning fees are paid to peer-to-peer liquidity providers, and not miners) — Blockstream
Who are the liqudity providers? Exchanges.
This shows a motivation for Exchanges to use “Liquid sidechains” in partnership with Blockstream as part of the overall solution to reap in profits using the lightning network.
Some miners don’t seem too happy about that decision, and that’s why some decided to support the Bitcoin Cash network with their network power.
Who benefits from the lightning network and who doesn’t?
Who benefits: Blockstream, Exchanges, Users (kind of).
Who doesn’t benefit: Miners, Users (kind of)."

I'm guessing by mining pools you meant banks.  Roll Eyes

tekmobile
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December 07, 2017, 06:28:37 PM
 #11126



Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks



"(Lightning fees are paid to peer-to-peer liquidity providers, and not miners) — Blockstream
Who are the liqudity providers? Exchanges.
This shows a motivation for Exchanges to use “Liquid sidechains” in partnership with Blockstream as part of the overall solution to reap in profits using the lightning network.
Some miners don’t seem too happy about that decision, and that’s why some decided to support the Bitcoin Cash network with their network power.
Who benefits from the lightning network and who doesn’t?
Who benefits: Blockstream, Exchanges, Users (kind of).
Who doesn’t benefit: Miners, Users (kind of)."

I'm guessing by mining pools you meant banks.  Roll Eyes



Anyone with liquid assets can run a lightning node and yes this does include miners and exchanges also normal users as well also less likely as they will be less connected

The best places will probably be payment processors like bitpay or maybe your wallet spv node or anywhere in between and the ability to open and close channels can be automatic and seamless inside your wallet software



Agro465
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December 07, 2017, 06:53:30 PM
 #11127

bitcoin cash needs its own forum. There are many stupid people here who talk bad about bitcoin cash. people disappear from here. most of you probably do not have more than 1 btc and talk that stupid.
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December 07, 2017, 07:02:51 PM
 #11128

i agree^



Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks




Anyone with liquid assets can run a lightning node and yes this does include miners and exchanges also normal users as well also less likely as they will be less connected

The best places will probably be payment processors like bitpay or maybe your wallet spv node or anywhere in between and the ability to open and close channels can be automatic and seamless inside your wallet software


It baffles me on how you people down-play this hostile corporate take over of Btc by Block-stream. Like you don't care to see that what was once Bitcoin: A Peer-to-Peer Electronic Cash System will be replaced by their lightning and side-chain patented shenanigans, yet you vehemently attack BCH for trying to stay p2p. foh.


I keep telling myself, no one's this stupid or blind so I hope you're getting paid to troll/shill because if you're doing this for free you must really be stupid and blind. lols


btw
Slugwit has 209xxx unconfirmed transactions

bet it hits 300k tomorrow.    Tongue

404Revolution
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December 07, 2017, 07:20:31 PM
 #11129

For all of those who don't understand how profit works.... YES bch is less expensive. That's why it's more valuable for future trades. If your portfolio value goes down you don't actually lose until you sell and lock in the loss.

Similarly if you hodl but you never cash out then you aren't locking in your gains and you haven't technically gained any value.

Margins running the market are crazy right now and uninformed investors are buying hand over fist because they don't understand the technology.

If you don't like BCH sell yours, lock in your loss, and fuck off. We'll let you buy your coins back after all these old gangstas driving margin pull the trigger and smoke ya

Spaniarder
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December 07, 2017, 07:28:01 PM
 #11130

For all of those who don't understand how profit works.... YES bch is less expensive. That's why it's more valuable for future trades. If your portfolio value goes down you don't actually lose until you sell and lock in the loss.

Similarly if you hodl but you never cash out then you aren't locking in your gains and you haven't technically gained any value.

Margins running the market are crazy right now and uninformed investors are buying hand over fist because they don't understand the technology.

If you don't like BCH sell yours, lock in your loss, and fuck off. We'll let you buy your coins back after all these old gangstas driving margin pull the trigger and smoke ya

Long awaited downtrade to buy more. I  think that Bitcoin Cash  will grow and stay a stable coin as the counterpart of Bitcoin.
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December 07, 2017, 09:30:30 PM
 #11131

If you don't like BCH sell yours, lock in your loss, and fuck off.


https://twitter.com/BITCOlNCASH/status/938837575137030144

https://pbs.twimg.com/media/DQdryiaVQAAbUT9.jpg:large


powerful words.
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December 07, 2017, 09:36:44 PM
Last edit: December 07, 2017, 09:55:37 PM by hv_
 #11132

bitcoin cash needs its own forum. There are many stupid people here who talk bad about bitcoin cash. people disappear from here. most of you probably do not have more than 1 btc and talk that stupid.


Check bitco.in. Or reddit/btc

But bitcointalk still allows best controversal chats. Its a cool challenge for everybody

Put the trolls on ignore

 Wink


Bitcoin Cash is about the real usage of Satoshi's full idea (includes the poor having the luxury and safety of an ASIC ensured infrastructure) , not only a very reduced ponzi like sceme.

Enjoy this

https://m.youtube.com/watch?v=moMvVH1pUz4

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
TraderInc
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December 07, 2017, 09:58:46 PM
 #11133

Is Bitcoin Cash still the real Bitcoin ? think not.

just joking.

I think the fact that BTC is rising is actually a very good thing for Bitcoin Cash because a lot of people see it as an alternative or those who think they missed out on Bitcoin.

There will soon be a big news on this one too
svennnny
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December 07, 2017, 10:03:31 PM
 #11134

$20.000 and pumping when is flippening
svennnny
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December 07, 2017, 10:05:28 PM
 #11135

Is Bitcoin Cash still the real Bitcoin ? think not.

just joking.

I think the fact that BTC is rising is actually a very good thing for Bitcoin Cash because a lot of people see it as an alternative or those who think they missed out on Bitcoin.

There will soon be a big news on this one too

Still ? It's never been and it never will . You can still hop on the Bitcoin train to the moon it's never too late  Cool Cool
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December 07, 2017, 11:11:16 PM
 #11136

The "real" bitcoin is going to suck the blood out of all altcoins including this one.Dr wrong has hoodwinked you all  while he stacks up on the real stuff Cry
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December 07, 2017, 11:34:09 PM
 #11137


Haha. Ignorant claim is ignorant.

"These blocks are definitly much larger than any of the blocks created for the Bitcoin chain ( max. 1 MB per block) and are probably record-breaking regarding any live-chain running today!"

orly? Proud of 3 measly MB, are ye?

Of course, Bitcoin Cash led the way months ago with a block just barely shy of 8MB:
https://blockchair.com/bitcoin-cash/block/479469



the ability to open and close channels can be automatic and seamless inside your wallet software

Not if there is a significant backlog of transactions trying to get added to the blockchain. If everyone in the world wanted to open only one channel each, it would take over 30 years for BTC to accommodate that demand. And nobody can use Lightning without opening a channel.


Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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December 08, 2017, 12:23:38 AM
 #11138

Are we gonna reach 25K in some hours on Bithumb and Bcash below $1500  Shocked Shocked Shocked Shocked Shocked
BlindMayorBitcorn
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December 08, 2017, 12:51:52 AM
 #11139

Any serious price predictions?

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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December 08, 2017, 12:53:16 AM
 #11140

Bitcoin Crash crashing soon near you.
Meanwhile Trezor recommends 30USD BTC transaction fee to send 0.1 BTC
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