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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 624911 times)
classicsucks
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January 13, 2018, 09:23:15 PM
 #12541


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.


No it was about the article that what you highlighted is bold was just a quote from it which is going to be biased due to the publication owner

Like ive said many many times BTC is prioritising chain optimisation this will allow roughly the same amount of transactions to fit in the current block space that BCH can fit in a 8MB block after this is done then yes a block increase will follow if it's needed but right now after all optimisations there is adequate capacity just be patient it's not a race to the finish

99% of BCH code was created by BTC devs and most likely futurecode will be too don't try and cut off the hand that feeds you

Come on teck, you're stalling. No more buzzwords and rhetoric. Just make your list of priorities - it will help you think this all through.

Looks like teck has had enough, maybe he's buying BCH now!

Or maybe he drove off in his teckmobile...
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January 13, 2018, 09:30:29 PM
 #12542

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.

Argentas ]
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            ▓▓▓▓▓▓▓∩ '▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ ▓▓▓▓▓▓▓▓⌐
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           ,▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓    ▓▓▓▓▓'   ╔▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓⌐,
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        ▓▓▓▓▓▓▓▓▓▓▓        "▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓        ▓▓▓▓▓▓▓▓▓▓▓∩
        '▓▓▓▓▓▓▓▓▓'         ▓▓▓▓▓▓▓∩ .▓▓▓▓▓▓▓          ▓▓▓▓▓▓▓▓▓▓
          "▓▓▓'           ╔▓▓▓▓▓▓▓▓∩ ⌡▓▓▓▓▓▓▓▓▓⌐          '▓▓▓▓'
                         ▓╠▓▓▓▓▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓∩
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                         '▓▓▓▓▓▓▓▓▓▓ "▓▓▓▓▓▓▓▓▓▓∩
                          ▓▓▓▓▓▓▓┘'    "▓▓▓▓▓▓▓'
tekmobile
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January 13, 2018, 09:46:29 PM
 #12543


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.


No it was about the article that what you highlighted is bold was just a quote from it which is going to be biased due to the publication owner

Like ive said many many times BTC is prioritising chain optimisation this will allow roughly the same amount of transactions to fit in the current block space that BCH can fit in a 8MB block after this is done then yes a block increase will follow if it's needed but right now after all optimisations there is adequate capacity just be patient it's not a race to the finish

99% of BCH code was created by BTC devs and most likely futurecode will be too don't try and cut off the hand that feeds you

Come on teck, you're stalling. No more buzzwords and rhetoric. Just make your list of priorities - it will help you think this all through.

Looks like teck has had enough, maybe he's buying BCH now!

Or maybe he drove off in his teckmobile...

No still here

Your mempool is filling up though almost at 100MB
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January 13, 2018, 10:25:59 PM
 #12544

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

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classicsucks
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January 13, 2018, 10:35:47 PM
 #12545

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

That depends on how hard BTC falls. Could well be 1.95 after the flippening


No still here

Your mempool is filling up though almost at 100MB

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!

You ready to answer the question? Come on buddy just have fun with it.
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January 13, 2018, 11:07:11 PM
 #12546

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

That depends on how hard BTC falls. Could well be 1.95 after the flippening


No still here

Your mempool is filling up though almost at 100MB

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!

You ready to answer the question? Come on buddy just have fun with it.

But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH

Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions



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January 14, 2018, 02:04:17 AM
 #12547



But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH

Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions


Well, to be fair, anyone sending a transaction on the BCH chain can probably get away with 5 sats per block an be included in the next block. However, the bottleneck on the BTC chain is at the 100-120 sat level. Only inconvenience is that everyone running a BCH full node has to store 8 MB of mostly trash transactions, every 10 minutes. Wonder what will happen when they hard fork BCH  and get rid of the block size limit? Are the miners going to process the trash or just ignore the low fee tx? We will see...

Edit: It appears that Antpool, BTC.Top and Mystery miners are limiting their blocksize to only 2MB. ViaBTC and Bitcoin.com are allowing up to the full 8MB. That really sucks that the Jihan Wu and friends only want to mine 2MB blocks.  Angry

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!


It appears that Antpool, BTC.top and the Mystery miners have elected to decrease the blocksize.  Cool
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January 14, 2018, 03:52:38 AM
 #12548

My friend said that BCH is currently just breaking into the ascending channel and I bought some because I think BCH has not developed for a long time


Momentum is for going up. It looks like the run up is not over yet. The recent high of 0.292 BTC could be tested.

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January 14, 2018, 04:27:46 AM
 #12549

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

That depends on how hard BTC falls. Could well be 1.95 after the flippening


No still here

Your mempool is filling up though almost at 100MB

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!

You ready to answer the question? Come on buddy just have fun with it.


we need 1337MB blocks :-D weeee

I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! Wink weee™
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January 14, 2018, 04:33:51 AM
 #12550

is this the reason why bitcoin cash is keep the price up? bitcoin cash a huge potential in the future just like ethereum and ethereum classic. will be watching in this thread for the fork.
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January 14, 2018, 04:35:39 AM
 #12551

My friend said that BCH is currently just breaking into the ascending channel and I bought some because I think BCH has not developed for a long time


Momentum is for going up. It looks like the run up is not over yet. The recent high of 0.292 BTC could be tested.

Now is the best time to buy as it's during a dip. It's too late to get in at a good price after its started the run up to a high.
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January 14, 2018, 06:09:29 AM
 #12552

Bitcoin Cash voting is going on to be accepted payment option here https://protonmail.uservoice.com/forums/284483-feedback/suggestions/31326976-bitcoin-cash-payment-option
classicsucks
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January 14, 2018, 07:32:08 AM
 #12553

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

That depends on how hard BTC falls. Could well be 1.95 after the flippening


No still here

Your mempool is filling up though almost at 100MB

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!

You ready to answer the question? Come on buddy just have fun with it.

But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH

Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions


Mempool garbage cleared in 16 hours. https://jochen-hoenicke.de/queue/uahf/#24h

The fees rose, and the spammer ran out of coin for his attack.  Kinda how Satoshi envisioned the network to work, self-regulated by economic self-interests. Any other questions or concerns? Or just more of the usual FUD?

The BTC chain is ALL super expensive transactions with up to 40% of UTXO completely unusable due to the high fees. Still hodling? Drinking any "champaign"?

How about answering the question?
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January 14, 2018, 07:41:23 AM
 #12554

we need 1337MB blocks :-D weeee

Careful, don't exceed that 640K RAM cap... and Adam Back can only carve zeroes and ones into those stone tablets so fast...

Anyone see Steve Mnuchin getting his rectum a little scrunched up here: https://www.bloomberg.com/news/articles/2018-01-12/mnuchin-warns-against-bitcoin-becoming-next-swiss-bank-account

His bitch got all salty because it was only singles:

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January 14, 2018, 08:38:16 AM
 #12555

is this the reason why bitcoin cash is keep the price up? bitcoin cash a huge potential in the future just like ethereum and ethereum classic. will be watching in this thread for the fork.

Every coin has the potential to be going up in the future given that they keep continuing the development of it. Most of the reason that bitcoin cash exchange rate spiked was because it was listed in coinbase

Totally a huge achievement if you ask me considering they are only less than 1 year . It has an exchange rate on par with ethereum and the potential to be keep going up for more at this point
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January 14, 2018, 08:40:03 AM
 #12556

we need 1337MB blocks :-D weeee

Careful, don't exceed that 640K RAM cap... and Adam Back can only carve zeroes and ones into those stone tablets so fast...

Anyone see Steve Mnuchin getting his rectum a little scrunched up here: https://www.bloomberg.com/news/articles/2018-01-12/mnuchin-warns-against-bitcoin-becoming-next-swiss-bank-account

His bitch got all salty because it was only singles:



Is that photoshopped? what a weird picture ...
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January 14, 2018, 08:47:58 AM
 #12557

If I invest in BCH now, is it too late? I see the current price is slightly higher. But it is very potential.  Please give me some advice.
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January 14, 2018, 09:18:07 AM
 #12558



But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH

Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions


Well, to be fair, anyone sending a transaction on the BCH chain can probably get away with 5 sats per block an be included in the next block. However, the bottleneck on the BTC chain is at the 100-120 sat level. Only inconvenience is that everyone running a BCH full node has to store 8 MB of mostly trash transactions, every 10 minutes. Wonder what will happen when they hard fork BCH  and get rid of the block size limit? Are the miners going to process the trash or just ignore the low fee tx? We will see...

Edit: It appears that Antpool, BTC.Top and Mystery miners are limiting their blocksize to only 2MB. ViaBTC and Bitcoin.com are allowing up to the full 8MB. That really sucks that the Jihan Wu and friends only want to mine 2MB blocks.  Angry

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!


It appears that Antpool, BTC.top and the Mystery miners have elected to decrease the blocksize.  Cool

Why should they per today?

Reality is that there are still not same amount of tx needed economically as for btc and why do you want to have too much attack potential (for BS minions et al)?

Things are not perfectly sorted out atm and more to come.

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
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January 14, 2018, 09:50:42 AM
 #12559


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January 14, 2018, 10:18:24 AM
 #12560

BCash will never cease to amaze me. What the F is it doing at 0.1915? Should be max 0.165... The only stable median in the chart.

Well done to the believers though. Happy you got what you wanted.


This is a bit sad if 0.195 is considered as the best thing it can do ...

That depends on how hard BTC falls. Could well be 1.95 after the flippening


No still here

Your mempool is filling up though almost at 100MB

Ohhh noes, ehrmagerd, it's 70MB!!!! Should we decrease the blocksize?!

You ready to answer the question? Come on buddy just have fun with it.

But what about your 8MB blocks can't they cope and even with a full mempool BTC is still processing more transactions per block with a average of 2500tx/block on BTC and 800tx/block on BCH

Yes the BCH chain is being spammed with inefficient low value transactions but guess what most of the BTC chain is low value inefficient transactions


Mempool garbage cleared in 16 hours. https://jochen-hoenicke.de/queue/uahf/#24h

The fees rose, and the spammer ran out of coin for his attack.  Kinda how Satoshi envisioned the network to work, self-regulated by economic self-interests. Any other questions or concerns? Or just more of the usual FUD?

The BTC chain is ALL super expensive transactions with up to 40% of UTXO completely unusable due to the high fees. Still hodling? Drinking any "champaign"?

How about answering the question?

It's just as high as before and the issue is not that it cannot be cleared it's that it can be financially possible to do and needs to be stored forever yes btc is higher but 100sat transactions go through next block

Whoever is spamming the BCH chain is not really spending anything major so providing they keep it up then it could possibly go on for months I mine more in 1 day compared to what they are burning and the dip could have been a simple script or server crash or what they had tied up in unconfirmed transactions



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