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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 648940 times)
tekmobile
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December 10, 2017, 04:59:33 PM
 #11241

sending $10000 costs the exact same to mine and store as $0.01 does it make any sense for all those $0.10 micropayments to be stored on the chain forever

Ain't it much better to store safe and secure your vast wealth on the chain and for all the little nonsense transactions that you will potentially make to be forgotten about straight away I mean do you really care that much that you can look back on your life 20 years from now and say here was my first coffee I had with bitcoin


Giving control over a new monetary supply to the Banking cartels so they can continue enslaving the populace with their fractional reserve shenanigans is beyond stupid.
And that is the purpose of ShitNet & SegShit.
With Shitnet and their so called routable channels, they will decide whom you may transact with and have the ability to confiscate your funds,
abilities they do not have without segshit & shitnet.


╥Aztek



LN Node operators cannot confiscate funds it's a timelocked contract enforced by the main chain LN is designed to be trustless meaning you do not need to trust the node operators it is not in their interest to try and cheat you and if they do try then you can close the channel with all funds yours and theirs

I don't know where you get fractional reserves from if I open a channel for 0.1BTC then we both have effectively locked 0.1BTC they cannot use that to then create a channel with someone else

If you only have 1BTC then you can only have active channels worth up to 1BTC

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tekmobile
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December 10, 2017, 05:07:12 PM
 #11242

sending $10000 costs the exact same to mine and store as $0.01 does it make any sense for all those $0.10 micropayments to be stored on the chain forever

Ain't it much better to store safe and secure your vast wealth on the chain and for all the little nonsense transactions that you will potentially make to be forgotten about straight away I mean do you really care that much that you can look back on your life 20 years from now and say here was my first coffee I had with bitcoin


Giving control over a new monetary supply to the Banking cartels so they can continue enslaving the populace with their fractional reserve shenanigans is beyond stupid.
And that is the purpose of ShitNet & SegShit.
With Shitnet and their so called routable channels, they will decide whom you may transact with and have the ability to confiscate your funds,
abilities they do not have without segshit & shitnet.


╥Aztek







LN Node operators cannot confiscate funds it's a timelocked contract enforced by the main chain LN is designed to be trustless meaning you do not need to trust the node operators it is not in their interest to try and cheat you and if they do try then you can close the channel with all funds yours and theirs

LN NODES CAN CONFISCATE FUNDS.
They can charge Fees and removed them until they removed your entire amount.

Banks make money by charging Fee, the Banking cartels are going to run the LN Hubs and determine the routes and the fees structure.

Like I said, you ignore too many details.


╥Aztek

You create a channel and a fee is only paid when you make a payment if you don't send anything they cannot charge you a fee

And you are making shit up to back up what you think
tekmobile
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December 10, 2017, 05:17:39 PM
 #11243

You create a channel and a fee is only paid when you make a payment if you don't send anything they cannot charge you a fee

And you are making shit up to back up what you think

You are making up shit , as your vaporware has not been released.

Try to stick to reality instead of your B.S. vaporware.



╥Aztek

I've used it on testnet with the android eclair wallet where this is already active and is the exact same as what will be released on mainnet so even though it's not currently on mainnet I have used it and it has been used on mainnet there are transactions on the main chain right now from lighting channels
clip123
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December 10, 2017, 05:19:28 PM
 #11244

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

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December 10, 2017, 05:20:36 PM
 #11245

the butthurt is strong with this fire bird

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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December 10, 2017, 05:23:36 PM
 #11246

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Makes sense, thanks

▰   SEMUX   -   An innovative high-performance blockchain platform   ▰
■▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬■
Github   -   Discord   -   Twitter   -   Telegram   -   Get Free Airdrop Now!
tekmobile
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December 10, 2017, 05:25:40 PM
 #11247

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Claims "Lightning is Centralised" then recommends people use exchanges that have a single point of failure and when hacked you lose everything

Im sure when Ver said the same thing about MtGox and told everyone not to worry that worked too that was until it was hacked and millions was vapourised and yes I had money in MtGox not much though 2-3 BTC most of what I had was offline
David48l
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December 10, 2017, 05:33:01 PM
 #11248

This is the future shame BCH can't do it

In the controlled conditions of a lab, any coin can do this.

Get to me when there is a solution working in the wild.

It's been tested on mainnet successfully routing through various hops using all the different implementations of lightning with public beta for everyone to use being released soon

Released soon , is NOT Released Now!

Still vaporware until then.

When shitnet is released, you think people will need a 4 year degree before they can understand all of the stupid hoops it will make them jump thru.
Or
Will the shitnet banks, just say give us your money , we will do it all for you because you are too stupid to understand this convoluted shitnet system,
that was designed to be too hard for 70% of the populace to use.   Tongue


╥Aztek

Payment channels can be created automatic so its pretty simple

1. Visit site
2. scan code (payment amount is included and shown)
3. press send/pay
4. if a routable payment channel exists then payment is sent and transaction is complete otherwise a routable channel is created and then payment is sent then transaction is complete

Thats it




You are a known troll already here
Why are you coming here to troll? And more importantly, why do you come to this forum to tell Fud? instead of going to your forum to celebrate how well your 4-step LN is doing + the 4 steps of opening channel + the 4 steps of closing channel

We know that you are a very good person and you just want to help us so that we do not make the mistake of investing in bch (ironia on). But no thanks, we do not need FOMO and FUD

In bch you only need one step, send ..., and best of all WHICH IS ALREADY WORKING, ln are more promises to arrive that require 4 steps + 4 steps + .....

BITCOIN CASH IS THE REAL BITCOIN, BITCOIN SEGWIT IS PAYPAL
tekmobile
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December 10, 2017, 05:39:45 PM
 #11249

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Claims "Lightning is Centralised" then recommends people use exchanges that have a single point of failure and when hacked you lose everything


There are multiple exchanges that process offchain transactions dum dum,  pick one.

* Also Exchanges don't require Timelocking of funds for weeks/months like shitnet will. *

Why are you such an idiot today?

*Banking cartels telling you to step up your bullshit.*


╥Aztek

So what you are saying is pick the one you think is less likely to be hacked to minimise your potential losses or spread out over all of them and don't forget to give them all copies of your ID to potentially be stolen by some hacker group selling it to the highest bidder on the black market

could you let me know which exchange I need to use a local starbucks or do they support all the exchanges or do the different exchanges all route through each other
tekmobile
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December 10, 2017, 05:42:41 PM
 #11250

This is the future shame BCH can't do it

In the controlled conditions of a lab, any coin can do this.

Get to me when there is a solution working in the wild.

It's been tested on mainnet successfully routing through various hops using all the different implementations of lightning with public beta for everyone to use being released soon

Released soon , is NOT Released Now!

Still vaporware until then.

When shitnet is released, you think people will need a 4 year degree before they can understand all of the stupid hoops it will make them jump thru.
Or
Will the shitnet banks, just say give us your money , we will do it all for you because you are too stupid to understand this convoluted shitnet system,
that was designed to be too hard for 70% of the populace to use.   Tongue


╥Aztek

Payment channels can be created automatic so its pretty simple

1. Visit site
2. scan code (payment amount is included and shown)
3. press send/pay
4. if a routable payment channel exists then payment is sent and transaction is complete otherwise a routable channel is created and then payment is sent then transaction is complete

Thats it




You are a known troll already here
Why are you coming here to troll? And more importantly, why do you come to this forum to tell Fud? instead of going to your forum to celebrate how well your 4-step LN is doing + the 4 steps of opening channel + the 4 steps of closing channel

We know that you are a very good person and you just want to help us so that we do not make the mistake of investing in bch (ironia on). But no thanks, we do not need FOMO and FUD

In bch you only need one step, send ..., and best of all WHICH IS ALREADY WORKING, ln are more promises to arrive that require 4 steps + 4 steps + .....

Opening and closing of channels is done automatic and handled by your wallet in the background but you can still open a channel manually if you wish
tekmobile
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December 10, 2017, 05:50:43 PM
 #11251

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Claims "Lightning is Centralised" then recommends people use exchanges that have a single point of failure and when hacked you lose everything


There are multiple exchanges that process offchain transactions dum dum,  pick one.

* Also Exchanges don't require Timelocking of funds for weeks/months like shitnet will. *

Why are you such an idiot today?

*Banking cartels telling you to step up your bullshit.*


╥Aztek

So what you are saying is pick the one you think is less likely to be hacked to minimise your potential losses or spread out over them all and don't forget to give then all copies of your ID to potentially be stolen by some hacker group selling it to the highest bidder on the black market

could you let me know which exchange I need to use a local starbucks or do they support all the exchanges or do the different exchanges all route through each other

I saying Exchanges are working right NOW!.

Exchanges do not require Time Locking , meaning I can receive funds and immediately move it off the exchange to my personal wallet.

Your ShitNet locks in the funds for weeks/months at a time, giving a hacker more time to steal from the shitnet hub before you even find out about it.

All an exchange user has to do is give you a screen name and you send the funds to him offchain.
Cryptopia is one of the exchanges with that capability and it works right now!

A world easier than that shitnet vaporware you keep preaching about.


╥Aztek

I don't know about you but I have to go through KYC and AML checks to use exchanges and don't feel like having to hand over personal ID to every exchange I want to use
tekmobile
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December 10, 2017, 05:59:08 PM
 #11252

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Claims "Lightning is Centralised" then recommends people use exchanges that have a single point of failure and when hacked you lose everything


There are multiple exchanges that process offchain transactions dum dum,  pick one.

* Also Exchanges don't require Timelocking of funds for weeks/months like shitnet will. *

Why are you such an idiot today?

*Banking cartels telling you to step up your bullshit.*


╥Aztek

So what you are saying is pick the one you think is less likely to be hacked to minimise your potential losses or spread out over them all and don't forget to give then all copies of your ID to potentially be stolen by some hacker group selling it to the highest bidder on the black market

could you let me know which exchange I need to use a local starbucks or do they support all the exchanges or do the different exchanges all route through each other

I saying Exchanges are working right NOW!.

Exchanges do not require Time Locking , meaning I can receive funds and immediately move it off the exchange to my personal wallet.

Your ShitNet locks in the funds for weeks/months at a time, giving a hacker more time to steal from the shitnet hub before you even find out about it.

All an exchange user has to do is give you a screen name and you send the funds to him offchain.
Cryptopia is one of the exchanges with that capability and it works right now!

A world easier than that shitnet vaporware you keep preaching about.


╥Aztek

I don't know about you but I have to go through KYC and AML checks to use exchanges and don't feel like having to hand over personal ID to every exchange I want to use

And you think LN Banks are not going to require those checks.

Man, go to another coin forum that uses segshit, you are wasting all of our damn time with your banking cartel loving bullshit.


╥Aztek


LN hubs do not use ID checks they don't know who it belongs to just where it came from last and where it goes to next

When they receive a transaction the hub does not know if the one being received is from the sender or just being relayed and when passing it on they do not know if it's going to it's destination or if it will be relayed further

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Remove The Middlemen


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December 10, 2017, 08:26:21 PM
 #11253

LN hubs do not use ID checks they don't know who it belongs to just where it came from last and where it goes to next

Onchain Personal Wallets do not use ID checks.


When they receive a transaction the hub does not know if the one being received is from the sender or just being relayed and when passing it on they do not know if it's going to it's destination or if it will be relayed further

https://en.wikipedia.org/wiki/Money_laundering
Quote
money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations

It is going to be regulated like a bank , dufus.


You are full of shit discussing a vapor ware product and you don't know what legal restrictions will be placed on it.

In all Seriousness , no one here care about your shitnet vapor ware, go create you own vapor ware forum so you can make up shit on how great that piece of shit is .

No one here believes you. As always you leave out the important stuff.


╥Aztek


As I said. This tek mob is only about to shill and has no clue about financial software and risks.

Never buy any financial product or service from a slippery sales that is not able to discuss existing risks of it

No disclaimer, no real impl -> come back after 3 years before I'll put grandma's money on it.

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.
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lose: unfind ... loose: untight


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December 10, 2017, 08:55:44 PM
 #11254

This is the future shame BCH can't do it

In the controlled conditions of a lab, any coin can do this.

Get to me when there is a solution working in the wild.

It's been tested on mainnet successfully routing through various hops using all the different implementations of lightning with public beta for everyone to use being released soon

Umm hmm, ummm hmm -
How is that decentralized, permissionless, anonymous path discovery algorithm coming?

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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lose: unfind ... loose: untight


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December 10, 2017, 09:04:52 PM
 #11255

LN Node operators cannot confiscate funds it's a timelocked contract enforced by the main chain LN is designed to be trustless meaning you do not need to trust the node operators it is not in their interest to try and cheat you and if they do try then you can close the channel with all funds yours and theirs

Your channel counterpart's ability to steal your funds is limited only to your ability to create an on chain transaction before the channel timeout. Even if you do detect their stealing transaction in time, you need to get your claim mined into a block in time. With transaction backlog skyrocketing, how successful do you think that will be?

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 10, 2017, 09:30:39 PM
 #11256

Sorry if this has been answered but are you guys going to implement segwit in the future and lightening network support for atomic swap?

NO , SEGSHIT has been patent by shitcore devs.
Any coin they uses it , shitcore can sue.

Use exchanges Offchain processing which works right now.


╥Aztek



Claims "Lightning is Centralised" then recommends people use exchanges that have a single point of failure and when hacked you lose everything


There are multiple exchanges that process offchain transactions dum dum,  pick one.

* Also Exchanges don't require Timelocking of funds for weeks/months like shitnet will. *

Why are you such an idiot today?

*Banking cartels telling you to step up your bullshit.*


╥Aztek

So what you are saying is pick the one you think is less likely to be hacked to minimise your potential losses or spread out over them all and don't forget to give then all copies of your ID to potentially be stolen by some hacker group selling it to the highest bidder on the black market

could you let me know which exchange I need to use a local starbucks or do they support all the exchanges or do the different exchanges all route through each other

I saying Exchanges are working right NOW!.

Exchanges do not require Time Locking , meaning I can receive funds and immediately move it off the exchange to my personal wallet.

Your ShitNet locks in the funds for weeks/months at a time, giving a hacker more time to steal from the shitnet hub before you even find out about it.

All an exchange user has to do is give you a screen name and you send the funds to him offchain.
Cryptopia is one of the exchanges with that capability and it works right now!

A world easier than that shitnet vaporware you keep preaching about.


╥Aztek

I don't know about you but I have to go through KYC and AML checks to use exchanges and don't feel like having to hand over personal ID to every exchange I want to use

And you think LN Banks aka shitnet banks are not going to require those checks.

Man, go to another coin forum that uses segshit, you are wasting all of our damn time with your banking cartel loving bullshit.


╥Aztek

You are here on a Bitcoin forum. Be happy there is an altcoin section for Bcash or make your own forum if you don't like it dumbass.
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December 10, 2017, 09:34:07 PM
 #11257

correction time....
big btab/btc/segwit1x dump on the way

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 ,nullius and lauda are scammers.Bitcoin cash is the real upgrade bitcoin needed, not segwit.
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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December 10, 2017, 09:35:22 PM
 #11258

hey bch community, dont forget Bitcore, faster, cheaper, and will growth
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December 10, 2017, 10:35:31 PM
 #11259

Any idea how to pull out bch from nano ledger s from the main chain. I have my PIN number but lost the passphrase ...I was able to send my bitcoins and eth but bch gets me error message .
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December 11, 2017, 01:46:06 AM
 #11260

correction time....
big btab/btc/segwit1x dump on the way


Boom 16K sucker  Grin
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