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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 588167 times)
tekmobile
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February 19, 2018, 12:16:50 PM
 #13581

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf



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NL_JOHNNY_NL
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February 19, 2018, 12:28:23 PM
 #13582

I think BCC will rise to 4000+ this year !
rattle99
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February 19, 2018, 12:50:30 PM
 #13583

I think BCC will rise to 4000+ this year !

Lol, keep thinking...

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Bitbobb
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February 19, 2018, 12:52:13 PM
 #13584

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf




tek: fixed it for you:
 asics existed before 2008  Cheesy

  so did sha256 lol


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

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tekmobile
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February 19, 2018, 01:05:28 PM
 #13585

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf




tek: fixed it for you:
 asics existed before 2008  Cheesy

  so did sha256 lol



No shit really

So you are saying satoshi did not invent SHA256 I thought I had seen it before somewhere now it all makes sense /s

Of course ASICs existed before 2008 that was never disputed

Plus technically bitcoin users SHA256d or Double SHA256  Cheesy

Bitbobb
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February 19, 2018, 01:17:49 PM
 #13586

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf





sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

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

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tekmobile
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February 19, 2018, 01:24:07 PM
 #13587

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf





sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept 
Bitbobb
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February 19, 2018, 01:28:43 PM
 #13588

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf





sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept 

what does the validating node do to actually validate?

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

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Bitbobb
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February 19, 2018, 01:30:12 PM
 #13589

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.


and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf





sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept  

btw this is a good thing IMO.  I want people invested in the network to be the ones supporting it.  Has that ever occurred to you?

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

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February 19, 2018, 01:30:59 PM
 #13590

sorry to interrupt guys lol...

https://news.bitcoin.com/bitmex-research-tether-not-a-ponzi-but-susceptible-to-shutdown/


ok carry on  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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February 19, 2018, 01:44:22 PM
 #13591


he doesn't know what he is talking about IMO.  I think even he knows it.  just trying to convince the readers who do not know.  sad

if this really is a core dev pretending to be a troll it sure explains all I need to know

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

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February 19, 2018, 01:56:54 PM
 #13592

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam
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February 19, 2018, 01:57:24 PM
 #13593


he doesn't know what he is talking about IMO.  I think even he knows it.  just trying to convince the readers who do not know.  sad

if this really is a core dev pretending to be a troll it sure explains all I need to know

Litecoin Cash is the real Bcash :-D weeee ====>

https://yobit.net/en/trade/LCC/BTC

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
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February 19, 2018, 01:58:51 PM
 #13594

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread  Grin Grin

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

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gembitz
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#free software:🐀


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February 19, 2018, 02:02:41 PM
 #13595

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread  Grin Grin

Litecoin Cash is the new "cash" type coin ~ ///heading on up/// :-D lolzzz

https://yobit.net/en/trade/LCC/BTC

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
Bitbobb
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Less hops. More wins.


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February 19, 2018, 02:03:30 PM
 #13596


he doesn't know what he is talking about IMO.  I think even he knows it.  just trying to convince the readers who do not know.  sad

if this really is a core dev pretending to be a troll it sure explains all I need to know

Litecoin Cash is the real Bcash :-D weeee ====>

https://yobit.net/en/trade/LCC/BTC

hi gembitz.  how is core doing today?  more alt coins?  lol!  have you seen some of the news last few days regarding bch?  

every day new game changing stuff comes out  :-D weeeee =======>


I do not trust yobit.  they play games and collude

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

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bitcoinPsycho
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Bcash dump that shit


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February 19, 2018, 02:16:34 PM
 #13597

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread  Grin Grin

Litecoin Cash is the new "cash" type coin ~ ///heading on up/// :-D lolzzz

https://yobit.net/en/trade/LCC/BTC
asic dog?

THE NEXT 24 YEARS ARE CRITICAL
gembitz
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#free software:🐀


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February 19, 2018, 02:49:27 PM
 #13598

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread  Grin Grin

Litecoin Cash is the new "cash" type coin ~ ///heading on up/// :-D lolzzz

https://yobit.net/en/trade/LCC/BTC
asic dog?

wow are you new to this games? :-D lmfao * good moring bcash/Lcash

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
bitcoinPsycho
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Bcash dump that shit


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February 19, 2018, 03:21:28 PM
 #13599

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread  Grin Grin

Litecoin Cash is the new "cash" type coin ~ ///heading on up/// :-D lolzzz

https://yobit.net/en/trade/LCC/BTC
asic dog?

wow are you new to this games? :-D lmfao * good moring bcash/Lcash
Yes I stumbled onto bcash last week only to find it a fake shitcoin.Im now into btc as it is the original most credable crypto Smiley
weeeeeeeeeeeeeeeeeeeeee

THE NEXT 24 YEARS ARE CRITICAL
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Remove The Middlemen


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February 19, 2018, 03:54:27 PM
 #13600

https://themerkle.com/athena-bitcoin-integrates-bitcoin-cash-support-for-all-its-atms


Proof of Work...   Shocked

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
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The simple way is the genius way - in Moore and Satoshi we trust.
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