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Author Topic: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees  (Read 581591 times)
Mrpumperitis
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December 28, 2017, 01:09:36 PM
 #12521

^
ididnt cut anything lol,
where did you say it before? lol
ahh i see it now...BECAUSE YOU FKN EDITED IT AFTER I QUOTED YOU ...duh
reduces fees to nothing....you talking about segwit?lightining ?thunder?

I added it straight away and you replied like 5 mins after I edited that's why I asked

No im talking about you all going on about sub cent fees which last I checked Bcash was now up to 10c per transaction on average so rising already but once block rewards have gone 99% will be gone in 10 years then all miners can earn are fees and with such low fees the miners won't earn anything so why would miners that are incentified by rewards push for a chain that will be dropping their mining rewards without alternative motives

so your saying, when btc/bch stops being mined the miners need high fees...this is a blockstream saying from a while back, i remember it well.
they give us high fees now to prepare us for when the blocks stop getting mined..like in 100years time i think, not 10yrs.
basically what you are calling a problem isnt a problem for a very very long time.

No I said 99% will be gone in 10 years with the further 1% going over the next 100 years were at about 80% now

So there are several possible outcomes

1. The fees will start getting really high really fast (Unlikely with unlimited blockspace as proposed)
2. Miners just start abandoning for the higher profitability coin and leave BCH weak and dying or refusing to mine low fee transactions forcing higher fees
3. With unlimited blocks and more centralised nodes in the hands of the miners they will force a higher total supply printing money at will inflating way past the 21m cap (Possible)

The miners/creators of BCH are not thinking about long term just what they can get now and as fast as possible

What are your thoughts on when the mining rewards start dwindling away and relying on fees what will happen


what are my thoughts on miners fees after 10years and up too the next 100years?
2028-2128....hmmm damn thats a long time away....im sure alot will happen by then....tbh i dont know except it has to it evolve...as it currently has into BCH  Smiley
To give us a slow and extremly high fee service today is your solution on old btc chain...i think your trying to solve something that doesnt exist.
i prefer the way BCH is doing it...nakamoto styleee  Wink

let me ask you something...
since segwit is now permanently part of old btc chain, is it fair that it keeps the ticker/name?
tbh it should be btcsegwit1x or something to help people identify what it actually is.

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 , chk theymos comment.
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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AztekPhoenix
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December 28, 2017, 01:26:59 PM
 #12522

1. The fees will start getting really high really fast (Unlikely with unlimited blockspace as proposed)
2. Miners just start abandoning for the higher profitability coin and leave BCH weak and dying or refusing to mine low fee transactions forcing higher fees
3. With unlimited blocks and more centralised nodes in the hands of the miners they will force a higher total supply printing money at will inflating way past the 21m cap (Possible)

The miners/creators of BCH are not thinking about long term just what they can get now and as fast as possible

What are your thoughts on when the mining rewards start dwindling away and relying on fees what will happen


Larger Blocks means more room for transactions , so Bitcoin Cash can charge 8X less in fees the segshitcoin and earn the same profit once price between the coins is equal.

Bitcoin Cash will be more profitable for the miners in the long run than segshitcoin, because with LN they are locking up coins,
blocking the miners from earning fees on them bypassing the onchain mining system , with their offchain monopoly.

Blocks will Never be Fully unlimited as the constraints of Internet Bandwidth does imposed a limit.
However that limit grows as internet speed increase and is more than enough for the current requirements.

How do you think the public will respond when a LN hub is required to comply with KYC Laws and is required to have a banking license.
Banks will then control all of any coin that installed segshit.
* Offchain Transactions don't make any money for Miners, LN is a death nail in the miners coffin and they know it, which is why no matter what you say or ramble on about, the miners will keep Bitcoin Cash alive so they can move to it 100% at the point segshit coin no longer is profitable with onchain mining. *


╥Aztek


 

Want Proof Lauda is a Pathetic fool , observe how she gives fake negative trust when she can't win a debate.  https://bitcointalk.org/index.php?action=trust;u=841833
Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
tekmobile
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December 28, 2017, 01:30:39 PM
 #12523

^
ididnt cut anything lol,
where did you say it before? lol
ahh i see it now...BECAUSE YOU FKN EDITED IT AFTER I QUOTED YOU ...duh
reduces fees to nothing....you talking about segwit?lightining ?thunder?

I added it straight away and you replied like 5 mins after I edited that's why I asked

No im talking about you all going on about sub cent fees which last I checked Bcash was now up to 10c per transaction on average so rising already but once block rewards have gone 99% will be gone in 10 years then all miners can earn are fees and with such low fees the miners won't earn anything so why would miners that are incentified by rewards push for a chain that will be dropping their mining rewards without alternative motives

so your saying, when btc/bch stops being mined the miners need high fees...this is a blockstream saying from a while back, i remember it well.
they give us high fees now to prepare us for when the blocks stop getting mined..like in 100years time i think, not 10yrs.
basically what you are calling a problem isnt a problem for a very very long time.

No I said 99% will be gone in 10 years with the further 1% going over the next 100 years were at about 80% now

So there are several possible outcomes

1. The fees will start getting really high really fast (Unlikely with unlimited blockspace as proposed)
2. Miners just start abandoning for the higher profitability coin and leave BCH weak and dying or refusing to mine low fee transactions forcing higher fees
3. With unlimited blocks and more centralised nodes in the hands of the miners they will force a higher total supply printing money at will inflating way past the 21m cap (Possible)

The miners/creators of BCH are not thinking about long term just what they can get now and as fast as possible

What are your thoughts on when the mining rewards start dwindling away and relying on fees what will happen


what are my thoughts on miners fees after 10years and up too the next 100years?
2028-2128....hmmm damn thats a long time away....im sure alot will happen by then....tbh i dont know except it has to it evolve...as it currently has into BCH  Smiley
To give us a slow and extremly high fee service today is your solution on old btc chain...i think your trying to solve something that doesnt exist.
i prefer the way BCH is doing it...nakamoto styleee  Wink

Temporary slow and its not really slow its just more expensive but like you say a lot can happen but as a system for trading $1 to $1,000,000 and more is it fair that the people needing to use $1 has to be forced to the same fee structure as those sending thousands and millions when the small transactions can be taken off the chain and used for practically free for a much smaller cost of doing just a single on the chain transaction while those that need to store and send thousands can do it on chain and pay towards the miners fees without forcing the tiny transactions into the same class

And before you say about locking up your BTC for weeks or months this is not the case you can close a channel and put your BTC back on chain at ANY time at the click of a button I have opened a channel sent maybe 20 or so of transactions for the tiniest amount and closed it putting funds back on chain within an hour from start to finish including waiting for confirmations


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AztekPhoenix
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December 28, 2017, 01:35:21 PM
 #12524

And before you say about locking up your BTC for weeks or months this is not the case you can close a channel and put your BTC back on chain at ANY time at the click of a button I have opened a channel sent maybe 0or so of transactions for the tiniest amount and closed it putting funds back on chain within an hour from start to finish including waiting for confirmations

LN has not been activated yet, so your saying how the vaporware works is speculation , as a final released version may be changed.

If you open a channel with someone and send them funds and then say you can cancel immediately.
You basically saying you can double spend at will and steal your money back.
So you might want to rethink that.   LOL.


╥Aztek


Want Proof Lauda is a Pathetic fool , observe how she gives fake negative trust when she can't win a debate.  https://bitcointalk.org/index.php?action=trust;u=841833
Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
tekmobile
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December 28, 2017, 01:40:31 PM
 #12525

And before you say about locking up your BTC for weeks or months this is not the case you can close a channel and put your BTC back on chain at ANY time at the click of a button I have opened a channel sent maybe 0or so of transactions for the tiniest amount and closed it putting funds back on chain within an hour from start to finish including waiting for confirmations

LN has not been activated yet, so your saying how the vaporware works is speculation , as a final released version may be changed.

If you open a channel with someone and send them funds and then say you can cancel immediately.
You basically saying you can double spend at will and steal your money back.
So you might want to rethink that.   LOL.


╥Aztek



The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

BTW here is a real in chain transaction https://twitter.com/alexbosworth/status/946175898029395968

It's closed for everyone to use right now and no mainnet GUI wallets they are all still locked to testnet but that will change once the public release candidate is released for everyone to use

 

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esabel
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December 28, 2017, 01:48:57 PM
 #12526

Today I saw a lot of marketing articles about "BCH", which is good because it means more people will know about BCH

⚡Semux  ●  Free Airdrop  ●  The First Java-based BFT Blockchain (https://bitcointalk.org/index.php?topic=2159012.0)
standards
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December 28, 2017, 01:50:48 PM
 #12527

Today I saw a lot of marketing articles about "BCH", which is good because it means more people will know about BCH


BCH is so far the most popular bitcoin fork. I believe more and more people will get to know it.

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AztekPhoenix
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December 28, 2017, 01:53:16 PM
 #12528

The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

Tek , you always leave out important details.

The whole point to the LN scams is the Time Locking as the whole thing is unsafe without.
They might allow that in the testing trials, but don't expect it to be in the released version.

You do realize you are giving out the exact opposite information of the LN Devs, which have always claimed the channels would be opened for weeks or months, claiming what you are claiming shows you are misinformed of what the final release will be like.
Which is why there is no reason to speculate on it as that quick disable channel feature will be removed before public release.

So until your vapor ware is released to the public and on the regular chain for normal use, quit the bs.

Plus are you saving up the million of US Dollars needed to buy that banking license to run a LN HUB.
 LOL.
or
are you just going to jail as a Money Launder.



╥Aztek

Want Proof Lauda is a Pathetic fool , observe how she gives fake negative trust when she can't win a debate.  https://bitcointalk.org/index.php?action=trust;u=841833
Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
Bitbobb
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December 28, 2017, 02:00:47 PM
 #12529

I just find the name just so convenient.

This Bitcoin copy is not created on its merits, it NEEDS the name Bitcoin in it to give it legs. Ver has insisted on this in his mindless clip and my God he shows absolutely zero professionalism...ZERO.

If the coin was so good it could be called underpantsgnome coin or zip coin and survive on its own merits.

It seems to now have served its purpose at the expense of others, but benefited the antagonists.

Its only a matter of time it will sink back into obscurity and be the base of so many more memes, and if you had just used some individual name people would at least give the merit it deserves due to its individuality.

With all the FUD coming out about this Bcash with Coinbase and CNBC, its digging its own grave.

This all could have been avoided if an individual name was used, but now everyone can see the play on the name was deliberate, the collusion that then ensued as well, will end this clone.

BTW i got dibs on the underpantsgome coin so dont steal that!!!  Cheesy Grin



you assume that people understood bitcoin from a technical perspective.  Actions of core at best show they do not..





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Website: www.Bitcoincash.org
Thread: Bitcoin Cash Thread
Donate BCH: 1JhDmQFpjndJGB7SjmD7C55fwwbkCpytaj

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thorRJ
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December 28, 2017, 02:05:24 PM
 #12530

Today I saw a lot of marketing articles about "BCH", which is good because it means more people will know about BCH


BCH is so far the most popular bitcoin fork. I believe more and more people will get to know it.


Actually several people are already familiar with this fork, especially after this monstrous increase of bitcoin and even BCH.

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Bitbobb
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December 28, 2017, 02:14:34 PM
 #12531

The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

Tek , you always leave out important details.

The whole point to the LN scams is the Time Locking as the whole thing is unsafe without.
They might allow that in the testing trials, but don't expect it to be in the released version.

You do realize you are giving out the exact opposite information of the LN Devs, which have always claimed the channels would be opened for weeks or months, claiming what you are claiming shows you are misinformed of what the final release will be like.
Which is why there is no reason to speculate on it as that quick disable channel feature will be removed before public release.

So until your vapor ware is released to the public and on the regular chain for normal use, quit the bs.

Plus are you saving up the million of US Dollars needed to buy that banking license to run a LN HUB.
 LOL.
or
are you just going to jail as a Money Launder.



╥Aztek

Yeah after the 2008 "event" the buy price to open a bank was increased a lot. The funny thing is that capital requirement is what was normally used to loan from.  But banks have moved from this practice many, many years ago.  And yes the irony is lost on people I assure you.  These days it is just a barrier to entry into a profession engaged in illegality.  I will just guess if you need to ask how much is the buy in then you do not have that much lol.  In the past 5 people could pool a million.  These days it is much more than this amt.


     For background since 2009 like zero new banks have opened in the USA.


    And now we are starting to see further de-regulation for the banking industry across state and national borders.  Since heaven forbid there should be any competition barriers to the industry that services the government granted private credit monopoly under one roof..

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Thread: Bitcoin Cash Thread
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tekmobile
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December 28, 2017, 02:16:31 PM
 #12532

The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

Tek , you always leave out important details.

The whole point to the LN scams is the Time Locking as the whole thing is unsafe without.
They might allow that in the testing trials, but don't expect it to be in the released version.

You do realize you are giving out the exact opposite information of the LN Devs, which have always claimed the channels would be opened for weeks or months, claiming what you are claiming shows you are misinformed of what the final release will be like.
Which is why there is no reason to speculate on it as that quick disable channel feature will be removed before public release.

So until your vapor ware is released to the public and on the regular chain for normal use, quit the bs.

Plus are you saving up the million of US Dollars needed to buy that banking license to run a LN HUB.
 LOL.


╥Aztek

And you are going round trying to inform people with old outdated information outstanding issues from very early alpha releases things move on the releases that are in use on testnet are identical to what will be used on mainnet thats the whole idea of a test network to test final code.

And are you still trying to spread the LN banking FUD  it's quite pathetic that you actually believe what you say either that or you just hope what you say is true you may as well go the full distance and say mining will be regulated and require KYC too since you are processing transactions and being paid for it




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Bitbobb
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Less hops. More wins.


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December 28, 2017, 02:24:51 PM
 #12533

The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

Tek , you always leave out important details.

The whole point to the LN scams is the Time Locking as the whole thing is unsafe without.
They might allow that in the testing trials, but don't expect it to be in the released version.

You do realize you are giving out the exact opposite information of the LN Devs, which have always claimed the channels would be opened for weeks or months, claiming what you are claiming shows you are misinformed of what the final release will be like.
Which is why there is no reason to speculate on it as that quick disable channel feature will be removed before public release.

So until your vapor ware is released to the public and on the regular chain for normal use, quit the bs.

Plus are you saving up the million of US Dollars needed to buy that banking license to run a LN HUB.
 LOL.


╥Aztek

And you are going round trying to inform people with old outdated information outstanding issues from very early alpha releases things move on the releases that are in use on testnet are identical to what will be used on mainnet thats the whole idea of a test network to test final code.

And are you still trying to spread the LN banking FUD  it's quite pathetic that you actually believe what you say either that or you just hope what you say is true you may as well go the full distance and say mining will be regulated and require KYC too since you are processing transactions and being paid for it





not supported by strict rules of evidence.  the ln schema as I have seen it you would be directly involved.
  trusting math was not just a catch phrase.  It meant actually trusting math.  You just did not see the problem.

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Website: www.Bitcoincash.org
Thread: Bitcoin Cash Thread
Donate BCH: 1JhDmQFpjndJGB7SjmD7C55fwwbkCpytaj

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phuckit17
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December 28, 2017, 03:00:10 PM
 #12534

The specifications already are finalised and being used on the real chain

And no you cannot just close and double spend because when you closed the final balance is settled not the one you opened

Say I open for 1BTC with you and then send you 0.5BTC over LN and then close the channel we both then get 0.5BTC settled back into our wallets this is not double spending you are closing the channel in its current state not the state it was opened with

Tek , you always leave out important details.

The whole point to the LN scams is the Time Locking as the whole thing is unsafe without.
They might allow that in the testing trials, but don't expect it to be in the released version.

You do realize you are giving out the exact opposite information of the LN Devs, which have always claimed the channels would be opened for weeks or months, claiming what you are claiming shows you are misinformed of what the final release will be like.
Which is why there is no reason to speculate on it as that quick disable channel feature will be removed before public release.

So until your vapor ware is released to the public and on the regular chain for normal use, quit the bs.

Plus are you saving up the million of US Dollars needed to buy that banking license to run a LN HUB.
 LOL.


╥Aztek

And you are going round trying to inform people with old outdated information outstanding issues from very early alpha releases things move on the releases that are in use on testnet are identical to what will be used on mainnet thats the whole idea of a test network to test final code.

And are you still trying to spread the LN banking FUD  it's quite pathetic that you actually believe what you say either that or you just hope what you say is true you may as well go the full distance and say mining will be regulated and require KYC too since you are processing transactions and being paid for it





not supported by strict rules of evidence.  the ln schema as I have seen it you would be directly involved.
  trusting math was not just a catch phrase.  It meant actually trusting math.  You just did not see the problem.

Vortex
@theonevortex

In case you missed it, #lightning RC1 has been released and mainnet tx's have been completed. The mainnet beta is on the way but you can begin researching how to implement #lightning into your technology stack now.
https://
coinjournal.net/bitcoins-light
ning-network-version-1-rc-mainnet-beta-implementations-way/ 

https://
github.com/lightningnetwo
rk/lightning-rfc 

9:52 PM - Dec 25, 2017
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phuckit17
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December 28, 2017, 03:02:10 PM
 #12535

Jihaun and Ver better hurry up and slay the dragon lol bcash fell to #4 today Cry
jvper
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December 28, 2017, 03:12:11 PM
 #12536

Jihaun and Ver better hurry up and slay the dragon lol bcash fell to #4 today Cry

Ripple is freaking high. Don't worry! Bitcoin Cash will return to position number 3. The biggest concern here imo is how wide our community base will be. Not some random pump and dump.

BTW, I don't mean hodlers only. I mean people who actively use it just like BTC or ETH are used.

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Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
..Decentralized Crypto-Location Oracle Network.
.........GET WHITELISTED FOR TOKEN SALE ( Limited )..........

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phuckit17
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December 28, 2017, 03:23:19 PM
 #12537

Yes I think Bcash is here to stay and the BTC/BCH community should work on healing relations but Ver and Trump and Pumpertits  need to STFU ..lol
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December 28, 2017, 03:27:03 PM
 #12538

lots of  red as expected, but i dont think it wil last long, the market held very nicely above $500bill  Smiley


BCH is cheap now, im buying more. ...i see btc $$ coming into BCH.
...if it goes lower ill keep buying  Smiley

BCH is btc guys...the sooner everyone wakes up and realises the better.
Its the true fork, BCH forked 1 day before segwit infected and basically killed off the old slow btc chain.

btc was needing upgraded, the only way was to hardfork,however for the first time, the old fork kept the name and ticker...but for how long?

as more value & infrastructure comes into BCH , it will eventually become the true upgraded bitcoin  (cheaper,faster and private)
the old chain will fade away and will become an alt coin called segwit1x
 like when eth forked off from the dao and the old eth chain became etc while the new chain continued as eth.

BUY , ACCUMULATE AND HODL BCH
2018, 1 BCH= $25K+
 Cool Kiss
This is EXACTLY the wrong attitude..BCH is BCH .stop saying its BTC..why would you want to? BTC is FLAWED hence the fork Plus it just triggers the 80% of bitcoin holders that side with core..you and VER should STFU.


ETH Officially upgraded (Like SegWit) but a small group didn't like the upgrade (Like Bcash community) therefore released ETC (Like Bcash) causing a minority chain

The same happened when Bcash Upgraded (New DAA) a small group did not like the change (Clashic Community) therefore went of on their own (Bitcoin Clashic) causing a minority chain

Fun Fact the Clashic chain is now ahead of the Bcash chain in blocks but way behind in accumulated difficulty just the same as Bcash is ahead of Bitcoin in blocks but way behind in accumulated difficulty




wrong wrong wrong
Firstly segwit is not an upgrade,. we have discussed this many times, you know its not.
trust me, i know exactly what happned with eth and how etc came about, i was in the thick of it...check me old posts if you want.
eth forked and took its name with it, etc kept the old chain but not the name.

you still havent told me if your part of adams shill team?
tbh im convinced you are somehow involved with blockstream, you have been here from day1 in this thread only and never have anything positive to say for BCH..why?
who the fk spends 4months daily on a thread to fud?  
are you adam? lols   im mean you could be , i hear gmaxwell is lauda. is this what you guys do instead of working as devs...you troll forums fulltime?
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December 28, 2017, 03:35:57 PM
 #12539

Jihaun and Ver better hurry up and slay the dragon lol bcash fell to #4 today Cry

Ripple is freaking high. Don't worry! Bitcoin Cash will return to position number 3. The biggest concern here imo is how wide our community base will be. Not some random pump and dump.

BTW, I don't mean hodlers only. I mean people who actively use it just like BTC or ETH are used.

Nah it won't Ripple is way more usefull then this Btrash shitcoin.

It couldn't even surpass Ethereum when it was added on Coinbase (typical pump and dump).

Take a look at this : Roger Ver "You should want more insider trading, not less.".
Won't take long until he is in jail again and guess what happens with Bcash after that  Grin Grin
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December 28, 2017, 03:56:03 PM
 #12540

Jihaun and Ver better hurry up and slay the dragon lol bcash fell to #4 today Cry

Flutuation/volatility is expected in the market, actually good for the long run as market need adjustment. Coins with the most value, do most for the society will thrive in the long run.

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