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Author Topic: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees  (Read 567524 times)
Mrpumperitis
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January 06, 2018, 05:57:21 AM
 #12941

^ are you dumb???  how is/was it more profitable in old btc?

BCH went from $200 to over $4000  (20x) and is still at over 10x
during the same time periods, how many x has btc done...maybe 4x and is now around 3x

as for other alts, thats for another time.  Smiley

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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tekmobile
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January 06, 2018, 06:17:10 AM
 #12942

^ are you dumb???  how is/was it more profitable in old btc?

BCH went from $200 to over $4000  (20x) and is still at over 10x
during the same time periods, how many x has btc done...maybe 4x and is now around 3x

as for other alts, thats for another time.  Smiley

The only time BCH was $200 was just after the fork when a lot of BTC users dumped and then it didn't make it to $200 I think it was around $230 and if I remember BTC was around $2500 and yes it reached $4000 but it remained there for less than a hour before it started dumping again and if we are talking about ATH then BTC has reached $20000 and is still around $17000 where BCH made it to $4000 and is now $2500 so has lost the most gains

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January 06, 2018, 06:29:34 AM
 #12943

Mrpumperitis
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January 06, 2018, 06:30:44 AM
 #12944

^ are you dumb???  how is/was it more profitable in old btc?

BCH went from $200 to over $4000  (20x) and is still at over 10x
during the same time periods, how many x has btc done...maybe 4x and is now around 3x

as for other alts, thats for another time.  Smiley

The only time BCH was $200 was just after the fork when a lot of BTC users dumped and then it didn't make it to $200 I think it was around $230 and if I remember BTC was around $2500 and yes it reached $4000 but it remained there for less than a hour before it started dumping again and if we are talking about ATH then BTC has reached $20000 and is still around $17000 where BCH made it to $4000 and is now $2500 so has lost the most gains
lols ok if you say it was $230, will you please also say it was $5200 on binance and $9000 on gdax

also your saying if anyone bought btc $20k or bch $4k they bought at top...okay... but old btc dropped to $11k from top recently too  Wink

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
tekmobile
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January 06, 2018, 07:50:51 AM
 #12945

^ are you dumb???  how is/was it more profitable in old btc?

BCH went from $200 to over $4000  (20x) and is still at over 10x
during the same time periods, how many x has btc done...maybe 4x and is now around 3x

as for other alts, thats for another time.  Smiley

The only time BCH was $200 was just after the fork when a lot of BTC users dumped and then it didn't make it to $200 I think it was around $230 and if I remember BTC was around $2500 and yes it reached $4000 but it remained there for less than a hour before it started dumping again and if we are talking about ATH then BTC has reached $20000 and is still around $17000 where BCH made it to $4000 and is now $2500 so has lost the most gains
lols ok if you say it was $230, will you please also say it was $5200 on binance and $9000 on gdax

also your saying if anyone bought btc $20k or bch $4k they bought at top...okay... but old btc dropped to $11k from top recently too  Wink

GDAX does not count it was suspended straight away for insider trading and im not saying that both have not gained or fallen just that the position they are in now percentage wise is no different from when BCH first launched it has made no real gains compared to the value of BTC

What I have noticed is the value of BCH slowly falls to around 10% remains there for a bit gets pumped up to about 20% then slowly falls again averaging around 15% it was 16% the day it launched before the initial dump

But even though BCH has made no real gains BTC holders are still better off because now you have just BCH and BTC if you held before the fork while BTC holders still have BTC plus BCH if they held and now bitcoin gold, superbitcoin there are more but I cannot think of them right now I need to look into whats officially launched I know a lot never surfaced I think bitcoin private launches this month that should be pretty big I would have thought that would have forked from BCH though since its from Rhett Creighton he was a BIG BCH supporter but no its BTC

There is a list of all forks on wikipedia not sure whats real and what was fake
https://en.wikipedia.org/wiki/List_of_Bitcoin_forks

Bitcoin Cash: Forked at Block 478558[4], 1 August 2017, For each 1 BTC you get 1 BCH
Bytether: Cross fork from Bitcoin to Ethereum blockchain at block 478558, 1 August 2017. For each 1 BTC you get 1 BTH ERC-20 token.
Bitcoin Clashic: Forked at Block 478558[5], 1 August 2017. For each 1 BTC you get 1 BCHC / BCL
Bitcoin Gold: Forked at Block 491407[6], 24 October 2017, For each 1 BTC you get 1 BTG
Bitcoin Diamond: Forked at Block 495866[7], 24 November 2017, For each 1 BTC you get 10 BCD
UnitedBitcoin: Forked at Block 498777[8], 12 December 2017, For each 1 BTC you get 1 UB.
Bitcoin Hot: Forked at Block 498848[9], 12 December 2017, For each 1 BTC you get 100 BTH
Super Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 SBTC
BitcoinX: Forked at Block 498888[10], 12 December 2017, For each 1 BTC you get 10,000 BCX
Oil Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 OBTC
Bitcoin World: Forked at Block 499777, 17 December 2017, For each 1 BTC you get 10000 BTW
Lightning Bitcoin: Forked at Block 499999, 19 December 2017, For each 1 BTC you get 1 LBTC
Bitcoin Stake: Forked at Block 499999, 19 December 2017, For each 1 BTC, you get 100 BTCS
Bitcoin Faith: Forked at Block 500000, 19 December 2017, For each 1 BTC you get 1 BTF
Bitcoin Top: Forked at Block 501118, 26 December 2017, For each 1 BTC you get 1 BTT
Bitcoin God: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1 GOD
Bitcoin FILE: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1000 BIFI
Bitcoin SegWit2X X11 Not to be confused with a previous fork SegWit2X with the same name. Forked at Block 501451, 28 December 2017. For each 1 BTC you get 1 B2X
Bitcoin Uranium: Forked on 31st December 2017, For each 1 BTC you get 1 BUM.
Bitcoin Pizza: Forked at Block 501888, 1st January 2018, For each 1 BTC you get 1 BPA
Bitcoin All: Forked on 1st January 2018, For each 1 BTC you get 1 BTA. Referenced on steemit post.

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Mrpumperitis
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January 06, 2018, 08:12:01 AM
 #12946

^ how many from this list forked before segwit was put in?

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
tekmobile
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January 06, 2018, 08:19:05 AM
 #12947

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers

Secure your coins get a hardware wallet from Amazon Buy Trezor (US) / Buy Trezor (UK) / Buy Ledger Nano S (US) / Buy Ledger Nano S (UK)
Donate (BTC:3FrtgXkBvxcEyDBgYPijs6EHcTMcoQkCg6), (BCH:1GmfzgeaxLdZEJN7M9NxEtShKtWxiekg8T), (ZEC:t1bisSvv1PsuUnDCH2HEa5gFTk7L8EVLJvn)(LTC:MVdisBDoJ1RuyAg1YrqVHvEfp8WsyJAWXW), (BTG: AJqQubF9bg4uvwX3seHHTwhyectuMVkZKj)
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mindrust
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January 06, 2018, 08:20:06 AM
 #12948

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

Bcash Clashic was Roger's true vision.

Mrpumperitis
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January 06, 2018, 08:29:47 AM
 #12949

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

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
rossen
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January 06, 2018, 09:22:02 AM
 #12950

Hi,

If somebody looking for bootstrap.dat, there is one now: https://seednode.ddns.net/~bcc/ compressed with LZMA. Uncompressed size about 130GB. Uptodate: 03.01.2018.

Best Regards,
Rossen

bcc/bch: 1A6PHT5qnTPLGY5LSgaA9AbsRJqDBS6jqG

If you want a mining pool, addnode or blockexplorer - PM me https://cointech.net/block-explorers. Free BTC every 10 minutes https://satoshinow.com/?ref=163215
http://webchat.freenode.net/?channels=%23aurumcoin&uio=d4
tekmobile
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January 06, 2018, 11:05:01 AM
 #12951

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain



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Donate (BTC:3FrtgXkBvxcEyDBgYPijs6EHcTMcoQkCg6), (BCH:1GmfzgeaxLdZEJN7M9NxEtShKtWxiekg8T), (ZEC:t1bisSvv1PsuUnDCH2HEa5gFTk7L8EVLJvn)(LTC:MVdisBDoJ1RuyAg1YrqVHvEfp8WsyJAWXW), (BTG: AJqQubF9bg4uvwX3seHHTwhyectuMVkZKj)
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Mrpumperitis
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January 06, 2018, 11:18:15 AM
 #12952

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain



clutching straws m8...however if you want to consider clahsic as real btc then thats fine by me...its a scam as its not listed or followed by anyone..except a few blockstreamers trying to cause problems as usual.

admit it, your down to Bitcoin cash and you know it  Smiley

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
tekmobile
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January 06, 2018, 11:34:53 AM
 #12953

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain



clutching straws m8...however if you want to consider clahsic as real btc then thats fine by me...its a scam as its not listed or followed by anyone..except a few blockstreamers trying to cause problems as usual.

admit it, your down to Bitcoin cash and you know it  Smiley

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for



Secure your coins get a hardware wallet from Amazon Buy Trezor (US) / Buy Trezor (UK) / Buy Ledger Nano S (US) / Buy Ledger Nano S (UK)
Donate (BTC:3FrtgXkBvxcEyDBgYPijs6EHcTMcoQkCg6), (BCH:1GmfzgeaxLdZEJN7M9NxEtShKtWxiekg8T), (ZEC:t1bisSvv1PsuUnDCH2HEa5gFTk7L8EVLJvn)(LTC:MVdisBDoJ1RuyAg1YrqVHvEfp8WsyJAWXW), (BTG: AJqQubF9bg4uvwX3seHHTwhyectuMVkZKj)
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January 06, 2018, 11:35:11 AM
 #12954

I think it is good idea.
Mrpumperitis
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January 06, 2018, 02:28:16 PM
 #12955

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain



clutching straws m8...however if you want to consider clahsic as real btc then thats fine by me...its a scam as its not listed or followed by anyone..except a few blockstreamers trying to cause problems as usual.

admit it, your down to Bitcoin cash and you know it  Smiley

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for



not this problem that doesnt exist again, at least 10yrs upto 140yrs...and your solution is to make users pay mega high fees and wait extremly long times for transactions today!..(or set up a tab)
also if core cared so much about the miners they wouldnt have taken the piss out tof them by lying about segwit2x and more....so please spare us the "we care about the miners future crap"

trust me users are not going to set up ln or other complex unproven tech, esp when there are far better, easier choices like BCH that they can use today.
You should be grateful Bitcoin cash forked a day before segwit was put in permanently to infect the btc chain.
I see it as a rescue operation , not a cash grab...
segwit is a cash grab, an attempt to control all of crypto through a company...this is wrong.

tek..who are you?, your motives are becoming clearer ever time you post, ...you are part of blockstream somehow arent you.

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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January 06, 2018, 02:43:39 PM
 #12956

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for


It is absolutely hilarious , you mention the miners needing fees to survive.

How the hell , do you you expect the Onchain Miners to make a profit when segshit wants everything done OFFCHAIN in LN , Where the Miners receive Nothing!

It is like this miners can set a reasonable fees in comparison to other competing Payment Systems.
Bitcoin Cash fee may rise, but they intend to keep the fees comparable to other payment services so they stay useful and relevant.

Segshitcoin wants the ONCHAIN Fees to be insanely High to force people OFFCHAIN for all of their transactions, which will starve the miners of fees faster than anything else.
Segshit /LN, does not care they have already priced theirselves out of the markets as a payment system.

And the stupid segshit is a store of value crap , is pure hype, it has no use now except hoping the price goes up. Every Crypto has that feature.
It is even stupid for people to hold segshit in a private wallet, as leaving it on an exchange is the only safe way to be sure you can sell it when you need too.

It is like this, I can sell apples for $500 each , but as long as a competitor is selling them for $1.99 each, eventually I will run out of fools to buy my apples.
Same thing is going to happen with segshit, once the greater fools run out , segshit will crash on a level of the Dutch Tulips.
Crypto competes with Visa / Paypal / Money Wire Services / & other cryptos anything over $5 per transactions is an utter rip off denying that is foolish.


╥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
Lightning Network Explained => https://www.youtube.com/watch?v=6V365_59-Lc
tekmobile
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January 06, 2018, 02:57:01 PM
 #12957

^ how many from this list forked before segwit was put in?

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers
so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain



clutching straws m8...however if you want to consider clahsic as real btc then thats fine by me...its a scam as its not listed or followed by anyone..except a few blockstreamers trying to cause problems as usual.

admit it, your down to Bitcoin cash and you know it  Smiley

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for



not this problem that doesnt exist again, at least 10yrs upto 140yrs...and your solution is to make users pay mega high fees and wait extremly long times for transactions..(or set up a tab)
also if core cared so much about the miners they wouldnt have taken the piss out tof them by lying about segwit2x and more....so please spare us the "we care about the miners future crap"

trust me users are not going to set up ln or other complex unproven tech, esp when there are far better, easier choices like BCH that they can use today.
You should be grateful Bitcoin cash forked a day before segwit was put in permanently to infect the btc chain.
I see it as a rescue operation , not a cash grab...
segwit is a cash grab, an attempt to control all of crypto through a company...this is wrong.

tek..who are you?, your motives are becoming clearer ever time you post, ...you are part of blockstream somehow arent you.



What's segwit2x got to do with core ? they never supported it segwit2x was an attempt by businesses to acquire control of bitcoin

How is segwit a cash grab nobody earns from it you actually save money by making transaction sizes smaller thus paying lower fees and yes it has further advantages such as easy 2nd layer scaling and schnorr signatures etc that will give much greater capacity than segwit alone so instead of requiring a signature for every input you just have a single signature for all inputs saving about 40%

With Segwit and schnorr signatures BTC will be able to store in the current block limit roughly the same amount of transactions that BCH can in a full 8MB block it's about efficiency.

Would you have preferred microsoft to take the easy way out and just make you use your computer with 128GB or ram and a minimum of a 3TB HDD or like they did and made windows more efficient so it can run on 4GB RAM and a 60GB HDD.

Just increasing the blocksize is like taking a car with a 1L engine that can do 100MPH  and replacing it with a 6L and expecting it to do 600MPH.

It's ok saying huge blocks are easy HDDs are cheap you can buy a 6TB HDD that but that 6TB mechanical HDD wont work reliable enough you will need 6TB worth of solid state disk to cope with the throughput and it's not just a matter of downloading the blocks to verify the nodes also need to share this data with other nodes

Imagine a miner has just solved a 1GB block this 1GB block now needs to be sent to another node if there are 200 nodes then the miner either has to simultaneously upload 1GB to 200 nodes (200GB) fast before the next block is found or just a small sample say 20 nodes (20GB) then them 20 have to verify the 1GB and then pass it on say each one does 10 nodes thats 10GB and this needs doing preferably under 1 minute.

While this huge block is being propagated the miner that found the block is already busy solving the next before the others have even got the block nevermind verified it this puts everyone else at a huge disadvantage especially if it takes a few minutes this puts every other miner at a huge disadvantage


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tekmobile
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January 06, 2018, 03:03:49 PM
 #12958

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for


It is absolutely hilarious , you mention the miners needing fees to survive.

How the hell , do you you expect the Onchain Miners to make a profit when segshit wants everything done OFFCHAIN in LN , Where the Miners receive Nothing!

It is like this miners can set a reasonable fees in comparison to other competing Payment Systems.
Bitcoin Cash fee may rise, but they intend to keep the fees comparable to other payment services so they stay useful and relevant.

Segshitcoin wants the ONCHAIN Fees to be insanely High to force people OFFCHAIN for all of their transactions, which will starve the miners of fees faster than anything else.
Segshit /LN, does not care they have already priced theirselves out of the markets as a payment system.

And the stupid segshit is a store of value crap , is pure hype, it has no use now except hoping the price goes up. Every Crypto has that feature.
It is even stupid for people to hold segshit in a private wallet, as leaving it on an exchange is the only safe way to be sure you can sell it when you need too.

It is like this, I can sell apples for $500 each , but as long as a competitor is selling them for $1.99 each, eventually I will run out of fools to buy my apples.
Same thing is going to happen with segshit, once the greater fools run out , segshit will crash on a level of the Dutch Tulips.
Crypto competes with Visa / Paypal / Money Wire Services / & other cryptos anything over $5 per transactions is an utter rip off denying that is foolish.


╥Aztek


The miners will get plenty of reward LN does not take their reward there will be the opening and closing fee plus any transaction of a considerable amount a LN transaction is not meant for huge value transactions its for lots of lower value ones from the tiniest of micro transactions even sending 1 single satoshi will be possible something BCH cannot do.

As for sending to exchanges to sell if the exchanges accept LN then you will be able to send and sell from your personal wallet in under a second this is much more secure than leaving your funds on an exchange just in case you need it fast if the exchanges happens to be hacked etc then you are SOL


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January 06, 2018, 04:07:57 PM
 #12959

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.
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January 06, 2018, 04:29:35 PM
 #12960

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
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