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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 624911 times)
phuckit17
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January 06, 2018, 04:07:57 PM
 #12401

How's life in "sour grapesville" today? Sorry to here bcash got hacked on reddit. Fast and cheap like a 2 dollar hooker= less secure. weeeeeeeeeeeeeeeeeeeeee.
PLAY NOW
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iCEBREAKER
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January 06, 2018, 04:29:35 PM
 #12402

Bitcoin Clashic is the real Bcash!!

Satoshi's True Vision!!!~1~onetildeone!

https://twitter.com/BitcoinClashic

http://bitcoinclashic.org/


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Sillytrollshavenobrain
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January 06, 2018, 05:13:08 PM
 #12403

weeeeeeeee
>The Bilderberg Group funded Blockstream. On February 3rd, 2016, AXA invested $55 million in Blockstream. At the time of that investment, Henri de Castries was the head of both AXA and Bilderberg Group.
https://www.coindesk.com/blockstream-55-million-series-a/
https://en.wikipedia.org/wiki/Henri_de_Castries
https://en.wikipedia.org/wiki/Bilderberg_Group

>MasterCard funded Digital Currency Group, which funded Blockstream. Note: Glenn Hutchins serves as a board director for both the Digital Currency Group and the Federal Reserve Bank.
https://www.ccn.com/mastercard-digital-currency-group/
http://dcg.co/who-we-are/ (Archive: http://archive.is/6BLgo )
http://dcg.co/portfolio/#b (Archive: http://archive.is/u9e3n )
>Blockstream crippled Bitcoin BTC, to push people towards the Lightning Network:
https://cointelegraph.com/news/bitcoins-possible-privatization-has-blockstream-created-problem-to-provide-solution
>The Truth About Lightning Network:
https://youtube.com/watch?v=UYHFrf5ci_g [Embed]
https://hooktube.com/watch?v=UYHFrf5ci_g
>Larry Summers, the man who started the "war on cash" also serves as "special adviser" to the DCG board.

https://twitter.com/Tom_Horvath/status/949207156338946048
weeeeeeeeee
digiworld1
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TEMCO


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January 06, 2018, 05:42:55 PM
 #12404

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?


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TEMCO

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bitcoinPsycho
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January 06, 2018, 05:44:13 PM
 #12405

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?
I think you'll find its 2140 approx

THE NEXT 24 YEARS ARE CRITICAL
keyboard warrior
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January 06, 2018, 05:47:23 PM
 #12406

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?
I think you'll find its 2145 approx

Yes, he got it wrong. According to estimates on stackexchange it will be about 2140, not 2040.


https://bitcoin.stackexchange.com/questions/10486/when-will-the-last-bitcoin-be-mined

Quote
The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis.
digiworld1
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TEMCO


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January 06, 2018, 05:49:59 PM
 #12407

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?
I think you'll find its 2145 approx

Yes, he got it wrong. According to estimates on stackexchange it will be about 2140, not 2040.


https://bitcoin.stackexchange.com/questions/10486/when-will-the-last-bitcoin-be-mined

Quote
The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis.

my bad, lol, nvm, yeah, its around 2140, another 100yrs or so.


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tekmobile
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January 06, 2018, 06:01:56 PM
 #12408

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?
I think you'll find its 2145 approx

Yes, he got it wrong. According to estimates on stackexchange it will be about 2140, not 2040.


https://bitcoin.stackexchange.com/questions/10486/when-will-the-last-bitcoin-be-mined

Quote
The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis.

my bad, lol, nvm, yeah, its around 2140, another 100yrs or so.

Yea a long time but by 2040 the reward will still be down to around 0.1953125 so still almost non existent and as the reward gets lower then the fees will be needed as this is the only way miners will be paid

Also as the value increases more and more miners come online faster than the difficulty adjusts so the halving is probably closer to 3 1/2 years so by 2040 it could have possibly hit the 0.09765625 reward

Code:
Year - Block Reward

2020 6.25
2024 3.125
2028 1.5625
2032 0.78125
2036 0.390625
2040 0.1953125
2044 0.09765625
2048 0.04882812
2052 0.02441406
2056 0.01220703
2060 0.00610351
2064 0.00305175
2068 0.00152587
2072 0.00076293
2076 0.00038146
2080 0.00019073
2084 0.00009536
2088 0.00004768
2092 0.00002384
2096 0.00001192
2100 0.00000596
2104 0.00000298
2108 0.00000149
2112 0.00000074
2116 0.00000037
2120 0.00000018
2124 0.00000009
2128 0.00000004
2132 0.00000002
2136 0.00000001
2140 0

Taking data from fork.lol

Block Reward Fees   
(4.39 BTC) $73,109
(0.02 BCH) $55

So right now with no more block subsidy #

A BTC miner will earn $73109 where a BCH miner will just earn $55 per block and to gain the same amount of reward as BTC right now BCH needs to be getting over 130tx/s
so as of now BTC has around 85% miner share but with no block reward BTC will be around will be 99.5% so either
BCH will need to gain HUGE value over BTC
Have a Huge amount of on chain transactions
Raise fees by a huge amount which wont be possible if they keep the intent to make every transaction get into the next block

The only other way is to HF to increase the coin supply and go against what bitcoin was created for

Everyone here keeps going on about satoshis vision and the whitepaper etc but the reality is the white paper was a technical proof of concept it was not a vision of the final project satoshis vision was a deflationary currency not controlled by the banks and yes he even said himself that it would need to scale to layer 2 solutions way back when he was active
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January 06, 2018, 08:19:38 PM
 #12409

For now Bcash is all talk and promises from it's supporters but the reality shows it's just dumping, it's the one that lost the most in BTC these last days in the most known projects, even before the BTC pump, while other projects are more solid or even pumping

Exactly more and better projects are coming. Bcash is nothing more then a manipulated pump and dump coin. Isn't used for payments just ask the Bshills for the embarrassing list.
it has a terrible rep (thank Roger Ver). Keep dreaming  Grin
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January 06, 2018, 08:27:46 PM
 #12410

https://coingeek.com/lightning-network-cant-scale-needs-another-layer/  Shocked Shocked Shocked Shocked Shocked
Still no block size increase, but an entire additional layer—and the same high fees (possibly more) WTF Grin

Also...Coinex and other BCH exchanges..please add BCH-XRP, BCH-STR pairs...
both xrp and str got huge pumps, when people want to sell they are forced into usd/usdt/btc ...none of these choices are suitable for BCH "real bitcoin " supporters..
we dont want our coins going through old btc(causing a big spike in the charts) to change to the real Bitcoin(BCH)
Thanks guys  Kiss

When a publication is owned by Calvin Ayre or Roger Ver then it's automatically void.

It's like apple telling everybody why the iOS is superior to Android

Sounds like black and white thinking...

..aaand that's a poor analogy - which mobile OS is superior is mostly an opinion.

Unless of course you care to tally up the tech specs of each and try to make an objective decision. First you need to be clear about your priorities however (is cost more important than usability etc).

OK, Let's try it with cryptos, I will go first:

MY top Priorities (your can be different, but be honest please):
1. I can use it, merchants accept it and I can trade it on exchanges or with private parties
2. It's secure
3. It's safe from theft and govt meddling/inflation
4. Low fees

So far, BTC only fits 2 and 3 - 1 and 4 are gone due to Kore's retardedness/compromise

BCH fits all 4. Your turn.
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January 06, 2018, 08:44:30 PM
 #12411

All I can see on this thread is several hundred pages made up mainly of name calling. Why aren't you people coming up with wonderful innovations and sponsoring NASCAR?

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January 06, 2018, 08:47:49 PM
 #12412

https://coingeek.com/lightning-network-cant-scale-needs-another-layer/  Shocked Shocked Shocked Shocked Shocked
Still no block size increase, but an entire additional layer—and the same high fees (possibly more) WTF Grin

Also...Coinex and other BCH exchanges..please add BCH-XRP, BCH-STR pairs...
both xrp and str got huge pumps, when people want to sell they are forced into usd/usdt/btc ...none of these choices are suitable for BCH "real bitcoin " supporters..
we dont want our coins going through old btc(causing a big spike in the charts) to change to the real Bitcoin(BCH)
Thanks guys  Kiss

When a publication is owned by Calvin Ayre or Roger Ver then it's automatically void.

It's like apple telling everybody why the iOS is superior to Android

Sounds like black and white thinking...

..aaand that's a poor analogy - which mobile OS is superior is mostly an opinion.

Unless of course you care to tally up the tech specs of each and try to make an objective decision. First you need to be clear about your priorities however (is cost more important than usability etc).

OK, Let's try it with cryptos, I will go first:

MY top Priorities (your can be different, but be honest please):
1. I can use it, merchants accept it and I can trade it on exchanges or with private parties
2. It's secure
3. It's safe from theft and govt meddling/inflation
4. Low fees

So far, BTC only fits 2 and 3 - 1 and 4 are gone due to Kore's retardedness/compromise

BCH fits all 4. Your turn.

That has nothing to do with the quote

You quote a post of me saying a BCH supporters publication is biased to the one side the same as if you asked apple which os is the best iOS or android no matter what the technicalities are apple will always say apple is better.

As for the what you try to derail the content with then BTC fills 1, 2, & 3 you like to post your acceptbitcoin.cash site and if you look over it then you would see BTC is accepted at way more places than BCH yes the fees are higher big deal once the rest of the scaling solutions have rolled out then that will ease the mempool and blockstream are not against a block increase its just not needed yet once schnorr signatures etc are implemented BTC will be able to store more transactions in the current block as BCH can in a 8MB block and if a increase is needed after all this it will be rolled out in a future release

Other busy coins are getting higher fees now too ETH is around $2.50 now and but its got issues but its not block space issue the network infrastructure cannot process the transactions fast enough also with the rise of ripple recently the transaction fee has gone up 3000% even BCH now has a average tx fee of about $0.40 yea its not much but a far cry from under $0.01 that it was a couple of month ago
 
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January 06, 2018, 10:19:18 PM
 #12413

^so what shall current old btc users do while they wait for this fancy new (untested) stuff?....create a tab?
and while old btc users wait...blockcore want to make the blocks even smaller,increasing fees even more..lol

Tell me this, why is there no segwit thread that you can goto?
 a thread that allows you to discuss segwet tech with users and you can teach the noobies.
No point only commenting on a thread that is segwit free, your not going to get anywhere....
spend your energy on another thread promoting all this stuff you think will be revolutionary....and lets see how many users from newbies to legends contribute to the discussion regularly.




Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
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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January 07, 2018, 12:31:18 AM
 #12414

weeeeeeeee
>The Bilderberg Group funded Blockstream. On February 3rd, 2016, AXA invested $55 million in Blockstream. At the time of that investment, Henri de Castries was the head of both AXA and Bilderberg Group.
https://www.coindesk.com/blockstream-55-million-series-a/
https://en.wikipedia.org/wiki/Henri_de_Castries
https://en.wikipedia.org/wiki/Bilderberg_Group

>MasterCard funded Digital Currency Group, which funded Blockstream. Note: Glenn Hutchins serves as a board director for both the Digital Currency Group and the Federal Reserve Bank.
https://www.ccn.com/mastercard-digital-currency-group/
http://dcg.co/who-we-are/ (Archive: http://archive.is/6BLgo )
http://dcg.co/portfolio/#b (Archive: http://archive.is/u9e3n )
>Blockstream crippled Bitcoin BTC, to push people towards the Lightning Network:
https://cointelegraph.com/news/bitcoins-possible-privatization-has-blockstream-created-problem-to-provide-solution
>The Truth About Lightning Network:
https://youtube.com/watch?v=UYHFrf5ci_g [Embed]
https://hooktube.com/watch?v=UYHFrf5ci_g
>Larry Summers, the man who started the "war on cash" also serves as "special adviser" to the DCG board.

https://twitter.com/Tom_Horvath/status/949207156338946048
weeeeeeeeee

That is very interesting. I really don't know what to think about this. Investing in this as a hedge ? I am not optimistic about bitcoin futures as they are nothing more than derivatives and no money actually gets invested into bitcoin.  Warren Buffet has called derivatives "weapons of mass destruction"

Thank you for doing the research and pointing this out to me

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January 07, 2018, 08:30:06 AM
 #12415

All I can see on this thread is several hundred pages made up mainly of name calling. Why aren't you people coming up with wonderful innovations and sponsoring NASCAR?


Thx for input, it is gentleman.  Cheesy

Given the history and the color of this forum most creative power moved over to reddit, twitter and other platforms.

Its not even possible to keep it clean from trollish cross coin selling (see dump icebergs) and childish trash posts.


FYI

https://www.express.co.uk/finance/city/900682/Bitcoin-rise-ripple-Ethereum-Cash-big-bang

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January 07, 2018, 10:36:49 AM
 #12416

https://coingeek.com/lightning-network-cant-scale-needs-another-layer/  Shocked Shocked Shocked Shocked Shocked
Still no block size increase, but an entire additional layer—and the same high fees (possibly more) WTF Grin

Also...Coinex and other BCH exchanges..please add BCH-XRP, BCH-STR pairs...
both xrp and str got huge pumps, when people want to sell they are forced into usd/usdt/btc ...none of these choices are suitable for BCH "real bitcoin " supporters..
we dont want our coins going through old btc(causing a big spike in the charts) to change to the real Bitcoin(BCH)
Thanks guys  Kiss

When a publication is owned by Calvin Ayre or Roger Ver then it's automatically void.

It's like apple telling everybody why the iOS is superior to Android


Sounds like black and white thinking...

..aaand that's a poor analogy - which mobile OS is superior is mostly an opinion.

Unless of course you care to tally up the tech specs of each and try to make an objective decision. First you need to be clear about your priorities however (is cost more important than usability etc).

OK, Let's try it with cryptos, I will go first:

MY top Priorities (your can be different, but be honest please):
1. I can use it, merchants accept it and I can trade it on exchanges or with private parties
2. It's secure
3. It's safe from theft and govt meddling/inflation
4. Low fees

So far, BTC only fits 2 and 3 - 1 and 4 are gone due to Kore's retardedness/compromise

BCH fits all 4. Your turn.

That has nothing to do with the quote

You quote a post of me saying a BCH supporters publication is biased to the one side the same as if you asked apple which os is the best iOS or android no matter what the technicalities are apple will always say apple is better.

As for the what you try to derail the content with then BTC fills 1, 2, & 3 you like to post your acceptbitcoin.cash site and if you look over it then you would see BTC is accepted at way more places than BCH yes the fees are higher big deal once the rest of the scaling solutions have rolled out then that will ease the mempool and blockstream are not against a block increase its just not needed yet once schnorr signatures etc are implemented BTC will be able to store more transactions in the current block as BCH can in a 8MB block and if a increase is needed after all this it will be rolled out in a future release

Other busy coins are getting higher fees now too ETH is around $2.50 now and but its got issues but its not block space issue the network infrastructure cannot process the transactions fast enough also with the rise of ripple recently the transaction fee has gone up 3000% even BCH now has a average tx fee of about $0.40 yea its not much but a far cry from under $0.01 that it was a couple of month ago
 

No no no teck, I bolded the relevant text. You replied to a comment about no blocksize increase saying it's invalid "becuz Calvin Ayre and Roger Ver sez".

Now it's your turn. What are your priorities and how does BTC fulfill them better than BCH? Should be easy for you, considering how vehement you are in your convictions? So if store of value is first priority for you, that's fine... but let's at least get you on the record with facts rather than name-calling and blustering...
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January 07, 2018, 03:04:16 PM
 #12417

Is it safe to use Electron Cash now that Electrum for BTC is compromised?

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January 07, 2018, 03:19:46 PM
 #12418

Is it safe to use Electron Cash now that Electrum for BTC is compromised?

Did they update with new patch already? If not, I wouldn't use and also move your coins immediately to another place. Now that the Electrum's vulnerability is known, storing coins in an unpatched Electrum fork is not advisable.

Edit: Looks like they came up with patch. Here is link to download. https://electroncash.org/#download After downloading, verifying and installing, create a new wallet immediately and move your coins to addresses in the new wallet from the old wallet, immediately.
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January 07, 2018, 03:31:56 PM
 #12419

Within the South Korean cryptocurrency exchange market, the price of Bitcoin Cash has surpassed $3,800, due to a flurry of mainstream media reports that have emerged over the past few days.
https://www.ccn.com/bitcoin-cash-surges-3800-korea-amid-flurry-mainstream-media-coverage-roger-ver/

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January 07, 2018, 04:48:00 PM
 #12420

Is it safe to use Electron Cash now that Electrum for BTC is compromised?

Did they update with new patch already? If not, I wouldn't use and also move your coins immediately to another place. Now that the Electrum's vulnerability is known, storing coins in an unpatched Electrum fork is not advisable.

Edit: Looks like they came up with patch. Here is link to download. https://electroncash.org/#download After downloading, verifying and installing, create a new wallet immediately and move your coins to addresses in the new wallet from the old wallet, immediately.
Exactly. Dont connect old electrum to internet
Its a good post for noobs, thanks to share  Wink

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