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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 691900 times)
tomkat
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December 22, 2017, 02:14:40 PM
 #11861

The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

Quote
I'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.

The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years

No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners

In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.
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tekmobile
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December 22, 2017, 02:36:43 PM
 #11862

The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

Quote
I'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.

The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years

No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners

In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.


It will be  1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target

~2020 = 6.250
~2024 = 3.125
~2028 = 1.5625 (About 10 years)
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December 22, 2017, 02:38:48 PM
 #11863

The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

Quote
I'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.

The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years

No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners

In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.


It will be  1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target

~2020 = 6.250
~2024 = 3.125
~2028 = 1.5625 (About 10 years)
10 cryptoyears are like 100 in real world
webvn2k
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December 22, 2017, 02:41:20 PM
 #11864

the bitcoin price downing because a lots of transactions  has been unconfirmed , btc is main to  trade so btc down or unconfirmed every altcoins down ,too.

https://blockchain.info/unconfirmed-transactions
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December 22, 2017, 02:42:37 PM
 #11865

The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

Quote
I'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.

The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years

No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners

In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.


It will be  1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target

~2020 = 6.250
~2024 = 3.125
~2028 = 1.5625 (About 10 years)
10 cryptoyears are like 100 in real world

Maybe so but as the rewards dwindle down BTC is in a much stronger position to sustain a highly secure valuable network as every halving takes security from BCH potentially leaving it vulnerable to attack

tomkat
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December 22, 2017, 02:50:48 PM
 #11866

The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

Quote
I'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.

The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years

No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners

In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.


It will be  1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target

~2020 = 6.250
~2024 = 3.125
~2028 = 1.5625 (About 10 years)

It doesn't change anything, and it's the least important point.
In 10 years the technology will improve which will allow natural growth of crypto.
Again: there're 2 totally different approaches expressed in 2 competing chains - soon we'll know which one is better
Mrpumperitis
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December 22, 2017, 03:50:41 PM
 #11867



I actually read the thread yesterday that you have put in your timeline. This is not theymos but the person who was complaining to them. They don't want the name bitcoin cash and you will get flagged for it. I don't see them complaining about bitcoin diamond or bitcoin gold

Only bitcoin cash because it is a direct competitor with bitcoin classic
wrong red...go back and re-read what theymos said in his comment,
the way he and other see it....only blockstream has the authority to control anything that happens with btc.core has done fk all for btc apart from cripple it..
Bitcoin cash devs have put bitcoin core devs to shame, core are liars
core should have hard forked yrs ago, instead of lying to us all, instead they infected bitcoin with a permanent virus called segwit , which was the wrong way to do it...
satoshis vision is what we want and Bitcoin cash the coin that gives us it.
Also how do you think major upgrades are made in cryptocoins? ... hard forks m8

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Mrpumperitis
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December 22, 2017, 03:54:01 PM
 #11868



Bitcoin Gold etc are not going around telling everyone that they are bitcoin

BTW I have some really nice Rolex's if your are interested only $50 brand new buy with BCH only counterfeit for counterfeit  Grin

 
tek why are you doing this?
you intentionally muddy the waters for the noobs....trust me all the big players know your agenda, its only the lil guys that get hurt by your misinfo on Bitcoin cash.

anyways i have something to ask you ....
if your sitting here trolling for free then, i suggest you join adams fulltime team of shills!

 Replying to @VinnyLingham @NConstantinos
https://twitter.com/adam3us/status/943876564856348673
facts do matter! that's the most frustrating thing about interacting with some folks - they create so much false narrative and FUD, and confusion that's it's a large teams full time job to debunk and disprove! if we had less confusion, we'd have less drama.


now what im thinking is...who here is part of this large adam team?...if you have the guts come out and admit it

are you one of adams "goons for hire"?  is it adam that gave you counterfiet BCH rolexs?  Cheesy

zil1p38zgdm042jw827krzdq3yrjq6zrxnah6f5f5e

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Mrpumperitis
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December 22, 2017, 03:57:33 PM
 #11869

271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG
https://blockchain.info/unconfirmed-transactions


Nice noobie dump on BCH, they gonna cry  Grin
Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE  Kiss

lmao this guy is absolutely clueless.
and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future.

In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others

i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead...
go check my history then...stfu  Kiss

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Goldennbit
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December 22, 2017, 04:06:14 PM
 #11870



I actually read the thread yesterday that you have put in your timeline. This is not theymos but the person who was complaining to them. They don't want the name bitcoin cash and you will get flagged for it. I don't see them complaining about bitcoin diamond or bitcoin gold

Only bitcoin cash because it is a direct competitor with bitcoin classic
wrong red...go back and re-read what theymos said in his comment,
the way he and other see it....only blockstream has the authority to control anything that happens with btc.core has done fk all for btc apart from cripple it..
Bitcoin cash devs have put bitcoin core devs to shame, core are liars
core should have hard forked yrs ago, instead of lying to us all, instead they infected bitcoin with a permanent virus called segwit , which was the wrong way to do it...
satoshis vision is what we want and Bitcoin cash the coin that gives us it.
Also how do you think major upgrades are made in cryptocoins? ... hard forks m8

why you talking segwit is virus. Without segwit implementation bitcoin could be much slower. That's one from way how to make bitcoin scalability again instead change of block size.
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December 22, 2017, 04:11:17 PM
 #11871

^it is a virus

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December 22, 2017, 04:41:16 PM
 #11872

 Erik Voorhees‏Verified account @ErikVoorhees
https://twitter.com/ErikVoorhees/status/944064084562952192
Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one TX.


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SweatyTroll
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December 22, 2017, 05:06:23 PM
 #11873

271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG
https://blockchain.info/unconfirmed-transactions


Nice noobie dump on BCH, they gonna cry  Grin
Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE  Kiss

lmao this guy is absolutely clueless.
and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future.

In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others

i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead...
go check my history then...stfu  Kiss

Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no?  Good call @ buying around 3k though, solid foresight.   A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL
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December 22, 2017, 05:17:05 PM
 #11874

271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG
https://blockchain.info/unconfirmed-transactions


Nice noobie dump on BCH, they gonna cry  Grin
Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE  Kiss

lmao this guy is absolutely clueless.
and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future.

In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others

i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead...
go check my history then...stfu  Kiss

Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no?  Good call @ buying around 3k though, solid foresight.   A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL
ffs , your really making yourself look stupid  Cheesy
coinbase ...do you know they also said to thier users back in aug to withdraw their btc if they wanted bch?
your one of these captain hindsight trolls,lol...i bet you aint ever made a proper crypto call in your life...until after it happens  Cheesy
you sell on the top all the time and always buy at the bottom dont you...NOT  Cheesy

btw as for xrp..it was $100mill when i got in this yr march and i said it was going over $1 and over $40bill by end of this yr...it did Wink  so again ,stfu and go learn something other than trolling and making yourself look stupid...
unless you actually are...stupid lol


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SweatyTroll
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December 22, 2017, 05:20:38 PM
 #11875

271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG
https://blockchain.info/unconfirmed-transactions


Nice noobie dump on BCH, they gonna cry  Grin
Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE  Kiss

lmao this guy is absolutely clueless.
and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future.

In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others

i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead...
go check my history then...stfu  Kiss

Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no?  Good call @ buying around 3k though, solid foresight.   A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL
ffs , your really making yourself look stupid  Cheesy
coinbase ...do you know they also said to thier users back in aug to withdraw their btc if they wanted bch?
your one of these captain hindsight trolls,lol...i bet you aint ever made a proper crypto call in your life...until after it happens  Cheesy
you sell on the top all the time and always buy at the bottom dont you...NOT  Cheesy

btw as for xrp..it was $100mill when i got in this yr march and i said it was going over $1 and over $40bill by end of this yr...it did Wink  so again ,stfu and go learn something other than trolling and making yourself look stupid...
unless you actually are...stupid lol

K you are actually retarded.
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December 22, 2017, 05:21:09 PM
 #11876

^ok i checked your history...your a litecoiner..lols, hows that coming along eh?
now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols

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December 22, 2017, 05:24:08 PM
 #11877

yes the price of the bitcoin price is slowly decrease simultaneously increase in the bitcoin cash...
BCH slowly moving towards to the moon..

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December 22, 2017, 05:36:43 PM
 #11878

yes the price of the bitcoin price is slowly decrease simultaneously increase in the bitcoin cash...
BCH slowly moving towards to the moon..

Yeah, I'm seeing it too. Quite interesting. I wonder is it whales speculating or people exchanging their Bitcoins to Bitcoin Cash.
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December 22, 2017, 06:04:23 PM
 #11879

^ok i checked your history...your a litecoiner..lols, hows that coming along eh?
now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols

A litecoiner? LMAO how the fuck did you manage to come up with that one?

You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere. 

It's ok that you bought bitcoin cash @ 200$.  I am happy that you can finally make some money friend. 
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December 22, 2017, 06:35:11 PM
 #11880

^ok i checked your history...your a litecoiner..lols, hows that coming along eh?
now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols

A litecoiner? LMAO how the fuck did you manage to come up with that one?

You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere.  

It's ok that you bought bitcoin cash @ 200$.  I am happy that you can finally make some money friend.  

The only kid trading in his mom's basement with a 1k account I see here is you, stupido, so stfu, let the adults do the talking.
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