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Author Topic: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees  (Read 567524 times)
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December 20, 2017, 07:26:42 AM
 #12221

for a test: do a trade with BTC , and also another trade with BCH, you will see which is useful and practical.
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December 20, 2017, 07:29:24 AM
 #12222

why btc is dumping and roger coin is rising  Huh

BTC is not dumping. If you think a gentle -13% setback is 'dumping', you're gonna have a hard time here in cryptoland. BTC is merely retracing a bit. Quit panicking. After a several-X rise in short order, it is only to be expected.

I don't know any roger coin. If you really mean to ask why Bitcoin Cash is rising, it is because Bitcoin Cash provides all the utility that Bitcoin Segwit provides, plus Bitcoin Cash also supports all the utility that Bitcoin used to provide, before Core threw it overboard in their insane Raspberry Pi fetish.

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

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December 20, 2017, 07:33:51 AM
 #12223

why btc is dumping and roger coin is rising  Huh
It's also not dump, btc increase or decrease several thousand dollars is normal. This time people investing in altcoin will be more profitable than bitcoin.

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December 20, 2017, 07:34:36 AM
 #12224

how to claim BCH from bitcoin core wallet?
I don't wanna export keys which will take too much time.

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December 20, 2017, 07:45:14 AM
 #12225

ok..lets go with $10k just for you....that still equals 50% drop for anyone who has bought in past week....how safe was their value?


But BCH will also face a correction at some point. Based on what I see from the charts at this time, it could go back down to somewhere around $1200. But it would be a while before that would happen. And based on its growth, that number could be a lot higher. The same goes for Bitcoin. We can speculate that it will go down to around 10k at some point, but that figure could change to something much higher. It's really all guesswork. Nobody really knows where it's going to go. We can only hope that both Bitcoin and BCH will continue to grow and make people money. There is no need to pin one against the other.    
at the end it still leads back to this...
i dont believe in this store of value...i believe crypto gets its value from useability (the way btc did in its earlier yrs,merchants adoption+other things)

This "digital gold/store of value" meme has gone unchallenged long enough. As others have said, there is no such thing as a "pure" store of value. The closest thing to that historically has been gold, but gold has 101 reasons why it is in fact a valuable commodity. Gold is used in manufacturing and jewelry making, and it is not very reactive so it's hard to destroy accidentally by burning. It's also very dense, making it convenient to carry a large amount of value. Furthermore, it's malleable, allowing it to be split up into tiny pieces without losing much of it (it can be hammered to 1/50000th of an inch thick, etc.). Finally, it looks bright and shiny (don't underestimate human psychology).

None of these things can be said about BTC. It's just a global electronic ledger that nobody is sure how to value in relation to fiat money. Who developed it and why is not important, the question is "WHAT PURPOSE DOES IT SERVE"? For this we refer to Satoshi's whitepaper, which has absolutely no mention of second layers and/or Segwit. His paper says it's "peer to peer electronic cash".  Which is what BCH is now, NOT BTC.


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December 20, 2017, 07:59:59 AM
 #12226

BCH is the real bitcoin, I believe it will be achieved.

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December 20, 2017, 08:07:38 AM
 #12227

Any of you guys see the mess that happened on GDAX tonight?

Literally jumped price up over 9,000 dollars.  Halted trading for now and reeling to get things back in place.

I wonder how bad the guys who actually bought at 9 thousand are going to get burned . . why the heck would anyone buy that high when it is thousands of dollars less on other exchanges?

Somethings you just can't explain with logic  Grin

Bots and stop (buy ) loss orders in short squeezes do exactly this - guess nobody could handle this manually - trading is getting digital as well .

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
A feature that needs more than one convincing argument is no and Satoshi owes me no proof.
My coding style is legendary but limited to 1MB, sorry but cannot come much over my C64, Bill Gates and Tom Bombadil
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December 20, 2017, 08:08:51 AM
 #12228

you guys just got added to coinbase, nice
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December 20, 2017, 08:12:48 AM
 #12229

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

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December 20, 2017, 08:15:44 AM
 #12230

Any of you guys see the mess that happened on GDAX tonight?

Literally jumped price up over 9,000 dollars.  Halted trading for now and reeling to get things back in place.

I wonder how bad the guys who actually bought at 9 thousand are going to get burned . . why the heck would anyone buy that high when it is thousands of dollars less on other exchanges?

Somethings you just can't explain with logic  Grin

Bots and stop (buy ) loss orders in short squeezes do exactly this - guess nobody could handle this manually - trading is getting digital as well .

Trading is actually digital from every point of view, the fact that bots can do margin on automated curse is just annoyng.
These should not be accetable on exchangers to be running as naive traders are likely losing money against bots.
That being said, is really good, it almost doubled the price and is getting listed in every exchanger around.
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December 20, 2017, 08:59:08 AM
 #12231

what happens to bitcoincash is at 0.187, yestarday it was a 0.29? crash?

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December 20, 2017, 09:08:11 AM
 #12232

what happens to bitcoincash is at 0.187, yestarday it was a 0.29? crash?

It's Just a minor market correction. The value should be back up in little to no time. Incase you didn't notice, Everything has been going down (Not so much though)


I just want to kill myself because I sold BCH at 450$ after the rise from 250$. About the comparison with Litcoin, I think BCH has better technology at least at this moment. Good job guys!

Sorry man, Nothing is able to predict the Crypto market due to the high volatility. I remember selling off my BCH coins at $1200. At the end of the day, We just have to accept it and keep moving forward. Goodluck with your future decisions


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December 20, 2017, 09:33:05 AM
 #12233

Guys how many of you did buy bitcoincash at 0.29btc?

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December 20, 2017, 09:40:02 AM
 #12234

I downloaded electroncash wallet, but it was deleted by Norton immediately. Why is that?

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December 20, 2017, 09:46:43 AM
 #12235

I just want to kill myself because I sold BCH at 450$ after the rise from 250$. About the comparison with Litcoin, I think BCH has better technology at least at this moment. Good job guys!

Don't be too greedy. It's good for 250$to get to the 450$band. There is a lot of money in the capital market, and it doesn't mean it's yours. Smiley Smiley Smiley

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December 20, 2017, 09:54:31 AM
 #12236

Well, no. Roger had nothing to do with the fork. Roger was a late-comer to BCH.

That said, he does have a big megaphone. It could be debated whether this was helpful to BCH or detrimental thereof.
Utter BS. Roger and Jihan were the main people to push the Bitcoin Cash forking.
ViaBTC, Ver's pool, was initially among Bitcoin New York Agreement signers, that supported SegWit2x. ViaBTC announced on 17 July that they support the concurrent chain and started trading BCC (IOU at that phase) on 22 July, i.e. they effectively broke their endorsement.
If not Ver and his marketing effort, Jihan alone would not have been able to push Bitcoin Cash 3 times above 0.1 BTC/BCH ratio. This manipulation will roll as long as people bite the bait.

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December 20, 2017, 10:33:34 AM
 #12237

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

try bitcore (btx)  and you will see who's the real Bitcoin

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December 20, 2017, 10:37:06 AM
 #12238

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

try bitcore (btx)  and you will see who's the real Bitcoin

it could be also price manipulations my 2 cent

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December 20, 2017, 10:41:16 AM
 #12239

I address all opponents of Layer2 mechanisms.

Bitcoin transaction protocol is very similar to roads. For my comparison, I will make the following assumptions:
individual, passenger/driver = 1-to-1 transactions
carpooling = 1-to-many transactions
fee in sat/byte=potential car speed or speed-denominated lanes (40 mph, 55 mph, 70 mph, 80 mph)
Like the road's main function is to allow the transportation of people and goods, Bitcoin's function is to transfer value and messages from individual to individual.
Let's assume economic growth, i.e. increased demand - the transportation intensity increases. The individual faces 3 choices and infrastructure has to cope with:
1. drive faster and more often - it's more expensive and has environmental costs; road maintenance cost rises due to increased usage;
2. drive larger vehicles - similar; similar and new lanes are required=additional CapEx;
3. pool with other participants - marginal costs decrease, improved efficiency; reduced CapEx compared to p. 1-2.
After some period, the transportation flow is so dense, that p. 3 reached its peak efficiency. Cars collide, intersections are overloaded, people and cargo reach their destination with delay. Whenever a scaling issue appears it can be solved:
a) Extensively - building new lanes and enlarging intersections. This is the preferred argument of dumb people, that don't care about efficiency - "I need space for my wide body car, even though I am driving alone" (rednecks with Dodge RAM 3500, hello!). In blockchain it equals to larger blocks.
a1) Extensively - increasing speed limit and building new lanes. With increased speed limit and lack of discrete infrastructure, more accidents will happen and the energy consumption will also increase (drag is proportional to the speed square, hence poor energy efficiency). Increasing speed limit=faster block time, more lanes=bigger blocks.
b) Intensively - prioritizing lanes, adding fast lanes, roundabouts and multilayer intersections and the most important, introducing public transport with dedicated infrastructure: trains, subways, Bus Rapid Transit, even pneumatic tube transport or HyperLoop. All these improvements have marginal benefits, as unitary cost of moving 1 person or payload decreases and security increases.

In blockchain, I view similar concepts in:
Lightning Network - value transfer between related parties, with the clearing of the final output;
SegWit - similar to buses and trains that transport a group of people, SegWit groups transactions together and deliver them faster, cheaper;
Child chains and off-chains - private roads or transportation means within a closed group;
Privacy features (Tumblebit, Sphinx) - the random taxi you take to the motel  Cool

Before debating me, please check the traffic flow simulation - extensive vs intensive scalability:
https://www.youtube.com/watch?v=yITr127KZtQ

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December 20, 2017, 10:50:53 AM
 #12240

Hi everyone congrats those who gain profit from BCH. Unfortunately I was on job I didn't get it on time.

Is this still right time to buy it and hold for long term.

Thanks
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