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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 598352 times)
wangxiaoyan888666
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March 17, 2018, 11:28:20 AM
 #13921

Bitcoin Cash is the most powerful bit of bitcoin, and I believe it will cost more than half of the price of bitcoin in 1-2 years.

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March 17, 2018, 11:36:34 AM
 #13922


If the truth is that rumors about the fact that lightning will soon be launched in this format and with such speed and capabilities, I would now sell bch and transferred to tether or bitcoin. There is a very big chance that if it all works out then many large investors will sell lowering the price.


Lightning , You mean the real Banker coin that has built in fractional reserve bullshit, just like the corrupt fiat system.

*Tether Scam coming to a Court room near you, rumors are they might even go after Charlie Lee for insider trading.*
https://bitcoinmagazine.com/articles/warning-signs-timeline-tether-and-bitfinex-events/
https://medium.com/@bitfinexed/latest

Tek and the idiots have been whining that BCH was dying since it was $400 , and all they have been is wrong the entire time.  Cheesy

Feel free to sell your Real Bitcoin (Bitcoin Cash) for the Scamcoin (tether) or the segshitcoin, if your goal is to lose money.

But here is a Fact that overrides all of the naysayer's nonsense.

Chinese Miners mine segshitcoin which is $8000 and they also mine the Real Bitcoin (Bitcoin Cash) ~$1000 .
Which means they can sell a % of the segshitcoin and buy all generated real bitcoin , from nothing but a % of their segshit profits.

Meaning the Real Bitcoin (Bitcoin Cash) will never die and one day when the prices get close enough the miners will dump all of segshit and leave it in a death spiral so it is unusable, and totally move all resources to Bitcoin Cash.
That is the miners plan for all of the nitwits like tek that are too stupid to grasp it.

The sooner lightning starts locking up segshitcoin and the miners start losing transaction fees , the sooner the miners desert segshit.  Wink

Sun Tzu , Art of War
Quote
So in war, the way is to avoid what is strong and to strike at what is weak.
  Wink


Can you explain how LN is fractual reserve ?

Every Bitcoin/Satoshi that can be spend within the lightning network must already exist within the block chain nothing can be made up it's all trustless and cryptographically proven.

Everything you have stated and said about the LN has proven to be false

Even Twitter CEO has invested a large sum of money to help finance Lighting along with a large list of others in the technology world

Tek , everytime you claim Bitcoin Cash is dying , you have been proven wrong, so your judgement is suspect at best.

LN is supposed to Time Lock Bitcoin onchain and then have people trade a REPRESENTATION of that Value Offchain ie: LN .
The Same Way Banks , used to store Gold and allow people to trade their funny FIAT which was a representation of gold.

All it takes is 1 LN code update to change the 1 to 1 REPRESENTATION of Value to a 3 to 1 or 5 to 1.
Where as this can not happen with TRUE ONCHAIN ONLY BITCOINS.

If you can't understand the above, well I guess you got dumber while I was away.  Cheesy

Alot of people VC like your Twitter CEO throw money at multiple investments and they lose on 90% of those investments, they lose on LN too.

Because , you glossed over the main thing , the same miners supporting your segshitcoin also support Bitcoin Cash.
Which is why Bitcoin Cash is guaranteed to outlive segshitcoin.





You do know that there is a on-chain transaction that has to take place and this cannot be faked by adding more coins

If say you and a friend decided to "modify" the code which would need to be done on both ends you have effectively destroyed any value as it will no longer be accepted by any other node on the network and cannot be settled on chain at a later time

As for the lock time this is just a safety precaution so you can guarantee access on chain to all funds in the channel should another party try and steal from you which is why they won't as they are effectively just giving you everything

The lock time does not lock up any funds for normal operation you are free to open and close a channel at any time just by making a on-chain transaction

If anything will add more supply it will be BCH this is controlled by bitmain and even Jihan himself has said he thinks inflation is a good thing

You can bet that BCH will increase it's supply over 21m and BCH has made no gains on BTC since it's inception about 8 month ago so yes it has failed
ArkadiyDeliev
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March 17, 2018, 11:44:45 AM
 #13923

Bitcoin Cash is the most powerful bit of bitcoin, and I believe it will cost more than half of the price of bitcoin in 1-2 years.
I predict Bitcoin Cash will overtake bitcoin after 2020 both in price and market cap.

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tekmobile
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March 17, 2018, 01:28:01 PM
 #13924


If the truth is that rumors about the fact that lightning will soon be launched in this format and with such speed and capabilities, I would now sell bch and transferred to tether or bitcoin. There is a very big chance that if it all works out then many large investors will sell lowering the price.


Lightning , You mean the real Banker coin that has built in fractional reserve bullshit, just like the corrupt fiat system.

*Tether Scam coming to a Court room near you, rumors are they might even go after Charlie Lee for insider trading.*
https://bitcoinmagazine.com/articles/warning-signs-timeline-tether-and-bitfinex-events/
https://medium.com/@bitfinexed/latest

Tek and the idiots have been whining that BCH was dying since it was $400 , and all they have been is wrong the entire time.  Cheesy

Feel free to sell your Real Bitcoin (Bitcoin Cash) for the Scamcoin (tether) or the segshitcoin, if your goal is to lose money.

But here is a Fact that overrides all of the naysayer's nonsense.

Chinese Miners mine segshitcoin which is $8000 and they also mine the Real Bitcoin (Bitcoin Cash) ~$1000 .
Which means they can sell a % of the segshitcoin and buy all generated real bitcoin , from nothing but a % of their segshit profits.

Meaning the Real Bitcoin (Bitcoin Cash) will never die and one day when the prices get close enough the miners will dump all of segshit and leave it in a death spiral so it is unusable, and totally move all resources to Bitcoin Cash.
That is the miners plan for all of the nitwits like tek that are too stupid to grasp it.

The sooner lightning starts locking up segshitcoin and the miners start losing transaction fees , the sooner the miners desert segshit.  Wink

Sun Tzu , Art of War
Quote
So in war, the way is to avoid what is strong and to strike at what is weak.
  Wink


Can you explain how LN is fractual reserve ?

Every Bitcoin/Satoshi that can be spend within the lightning network must already exist within the block chain nothing can be made up it's all trustless and cryptographically proven.

Everything you have stated and said about the LN has proven to be false

Even Twitter CEO has invested a large sum of money to help finance Lighting along with a large list of others in the technology world

Tek , everytime you claim Bitcoin Cash is dying , you have been proven wrong, so your judgement is suspect at best.

LN is supposed to Time Lock Bitcoin onchain and then have people trade a REPRESENTATION of that Value Offchain ie: LN .
The Same Way Banks , used to store Gold and allow people to trade their funny FIAT which was a representation of gold.

All it takes is 1 LN code update to change the 1 to 1 REPRESENTATION of Value to a 3 to 1 or 5 to 1.
Where as this can not happen with TRUE ONCHAIN ONLY BITCOINS.

If you can't understand the above, well I guess you got dumber while I was away.  Cheesy

Alot of people VC like your Twitter CEO throw money at multiple investments and they lose on 90% of those investments, they lose on LN too.

Because , you glossed over the main thing , the same miners supporting your segshitcoin also support Bitcoin Cash.
Which is why Bitcoin Cash is guaranteed to outlive segshitcoin.


You do know that there is a on-chain transaction that has to take place and this cannot be faked by adding more coins

If say you and a friend decided to "modify" the code which would need to be done on both ends you have effectively destroyed any value as it will no longer be accepted by any other node on the network and cannot be settled on chain at a later time

As for the lock time this is just a safety precaution so you can guarantee access on chain to all funds in the channel should another party try and steal from you which is why they won't as they are effectively just giving you everything

The lock time does not lock up any funds for normal operation you are free to open and close a channel at any time just by making a on-chain transaction

If anything will add more supply it will be BCH this is controlled by bitmain and even Jihan himself has said he thinks inflation is a good thing

You can bet that BCH will increase it's supply over 21m and BCH has made no gains on BTC since it's inception about 8 month ago so yes it has failed


There needs to be only 2 onchain transactions, 1 to lock the funds and 1 to release the funds,
what can happen in-between is a few hundred or more offchain transactions that the miners receive zero fees for.
The Miners will lose more in fees, than if they had all been onchain which is why they will move to Bitcoin Cash over staying with segshitcoin.

Time Locks may fail and other parties steal the funds right out from the other party.
All one has to do is DDOS the other party when the time lock is set to expire, to steal the funds.

All LN hubs require constant connection, so simply breaking their connection opens the funds to being stolen.

Lightning network is still losing bitcoins.  Cheesy
https://www.ethnews.com/lightning-network-users-report-losing-bitcoin-due-to-bugs
Quote
With the Lightning Network now available to be run on the Bitcoin mainnet, two Twitter users,
one of whom is a Lightening developer, reported losing bitcoin as a result of one or more bugs related to the closing of payment channels.

A LN connection does not need to be always connected you are still spewing old outdated information

You can broadcast a closing transaction at any time and then disconnect and destroy your node and you will still get your funds

As for DDoS the node this will do nothing to allow for funds being stolen it may cause you some inconvenience but that's all it won't stop or slow down the network either

I don't know if you actually believe what you say or not but you obviously are quite clueless whats happening since you are just regurgitating old outdated information that has already been proven to be false.

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March 17, 2018, 01:45:21 PM
 #13925


Dear Digital drug whisperer,  can you please provide some evidence for your bold grandiose statements?  I notice you typed many words with no links.  I guess you would have included evidence if you had ANY to support your claims.  Silly me for asking right?  

Explain how it got on coinbase, the one exchange most people are only legally allowed to buy from so fast?

Explain Why this fork? Out of all the others forks of Bitcoin this on lands on coinbase?

I think some bankers made it and with their connections put it on coinbase. You can say that Bitcoin cash was just put in the wild and it grew to it's price today naturally but me and you know that's just a lie right?

So how is bitcoin cash NOT a bankers coin is the real question, because everything points to it being a bankers coin, or some corporation or shadow owners


Yeah I think you lost the plot, must be those digital drugs...

Coinbase was the LAST major exchange to support BCH. They only added support kicking and screaming 3 months after the fork, and that happened only because there was a lawsuit pending from people who had BTC balances in Coinbase accounts at the time of the fork. If you know your shit, you'd know that the exchange was essentially STEALING their customers' BCH coins. The customers were extra pissed because BCH price pumped to $3000 during the time Coinbase had everything frozen, then dropped below $1000. By the time Coinbase added BCH support and let finally people withdraw or sell their BCH, the markets went crazy for a day. Now Coinbase to deal with has another lawsuit alleging that employees profited trading BCH on inside information (although that's not technically illegal at this time).

We all know Coinbase is a dodgy exchange - it's only for dummies who don't know where else to shop. They've been hacked several times, they bend over and spread their cheeks for the IRS and the Feds daily, and they're pretty much always behind in terms of innovation.

Back to your point. Bitcoin BTC is compromised by bankers, not BCH!  Blockstream deliberately limited the blocksize and tried to break Bitcoin. When that didn't work well enough, they added Segwit, which broke BTC more. Now they built Lightning on top of broken BTC, and that doesn't work either. You starting to see a pattern?

BCH saved the original Bitcoin vision as outlined in the whitepaper. If you don't believe me, there are 10 or so computer scientists who can explain this to you. But you're going to have to do some reading and think independently. Probably better to stay off the /r/Bitcoin poison.


So coinbase has to support Bitcoin private the same way it  supported bit coin cash then. It's a fork. It should support every fork not just one.

Where are all the lawsuits from the Bitcoin private crowd demanding their bit coin privates from coinbase?

Can anyone make a bit coin fork now and then complain kicking and screaming about lawsuits to get their coin listed on coinbase? Because the point you proved is someone made a fork and then "complained" and then it magically appeared on coinbase. And even after it magically appeared after all the kicking and screaming coinbase still was hit with an insider trading lawsuit



If coinbase only added Bitcoin cash after all this "kicking and screaming"
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March 17, 2018, 01:53:01 PM
 #13926


Dear Digital drug whisperer,  can you please provide some evidence for your bold grandiose statements?  I notice you typed many words with no links.  I guess you would have included evidence if you had ANY to support your claims.  Silly me for asking right?  

Explain how it got on coinbase, the one exchange most people are only legally allowed to buy from so fast?

Explain Why this fork? Out of all the others forks of Bitcoin this on lands on coinbase?

I think some bankers made it and with their connections put it on coinbase. You can say that Bitcoin cash was just put in the wild and it grew to it's price today naturally but me and you know that's just a lie right?

So how is bitcoin cash NOT a bankers coin is the real question, because everything points to it being a bankers coin, or some corporation or shadow owners


Yeah I think you lost the plot, must be those digital drugs...

Coinbase was the LAST major exchange to support BCH. They only added support kicking and screaming 3 months after the fork, and that happened only because there was a lawsuit pending from people who had BTC balances in Coinbase accounts at the time of the fork. If you know your shit, you'd know that the exchange was essentially STEALING their customers' BCH coins. The customers were extra pissed because BCH price pumped to $3000 during the time Coinbase had everything frozen, then dropped below $1000. By the time Coinbase added BCH support and let finally people withdraw or sell their BCH, the markets went crazy for a day. Now Coinbase to deal with has another lawsuit alleging that employees profited trading BCH on inside information (although that's not technically illegal at this time).

We all know Coinbase is a dodgy exchange - it's only for dummies who don't know where else to shop. They've been hacked several times, they bend over and spread their cheeks for the IRS and the Feds daily, and they're pretty much always behind in terms of innovation.

Back to your point. Bitcoin BTC is compromised by bankers, not BCH!  Blockstream deliberately limited the blocksize and tried to break Bitcoin. When that didn't work well enough, they added Segwit, which broke BTC more. Now they built Lightning on top of broken BTC, and that doesn't work either. You starting to see a pattern?

BCH saved the original Bitcoin vision as outlined in the whitepaper. If you don't believe me, there are 10 or so computer scientists who can explain this to you. But you're going to have to do some reading and think independently. Probably better to stay off the /r/Bitcoin poison.


So coinbase has to support Bitcoin private the same way it  supported bit coin cash then. It's a fork. It should support every fork not just one.

Where are all the lawsuits from the Bitcoin private crowd demanding their bit coin privates from coinbase?

Can anyone make a bit coin fork now and then complain kicking and screaming about lawsuits to get their coin listed on coinbase? Because the point you proved is someone made a fork and then "complained" and then it magically appeared on coinbase. And even after it magically appeared after all the kicking and screaming coinbase still was hit with an insider trading lawsuit



If coinbase only added Bitcoin cash after all this "kicking and screaming"

it is because people knew that bitcoin cash is the real bitcoin and coinbase is subject to the same market forces as us all.  Hope that clears everything up for you.  regards

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

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longmobile113
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March 17, 2018, 02:41:52 PM
 #13927

bitcoin cash very good
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Remove The Middlemen


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March 17, 2018, 03:50:39 PM
 #13928



BCH - No Games ( no 1MB, SW, LN, 2ndL, ...)

Just Sports (hit the street when You want, on chain)


 Grin

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw
The simple way is the genius way - in Moore and Satoshi we trust.
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March 17, 2018, 04:01:11 PM
 #13929

There is still time to join BCH I mean those who still holding Segwit BTC. BCH market adoption and usage is increasing day by day. Just use your brain and follow simple rational logic. I wonder what BTC supporters do say/scream when BTC hashrate move to BCH. LN beta release just speeding it up.
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IXCoin - the first altcoin


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March 17, 2018, 07:40:52 PM
 #13930

There are many interesting articles about BCH now. The main idea of these articles is that BCH will soon become the main coin in the world of crypto. But I think BCH developers want to inspire this idea to society in order to make their project popular.

IXCoin - The first altcoin
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March 18, 2018, 04:24:52 AM
 #13931

SGHTF round 2....imo we first going to around early nov 2017 prices...then lower.

BCH maybe going lower I agree but BTC has probably bottomed out the mtgox sell of is over now



All crypto is going for a correction.
btc will go under $5k and alot lower....

Also word of advice for segwetters...becareful with ln..
 https://www.coindesk.com/bitcoins-lightning-network-problem-people-already-using/

I hope it won't go that low, or lots of people will lose confidence.
I believe cryptocurrency will recover before the end of this year.
We will keep going down until there is no more hope lol
If people that bought crypto for short term gains, they probably lose confidence..
Those that know crypto well, they have been in for the long term, and going back to end oct, early Nov 2017 prices, is understandable.

We still got a few more big dumps and then the lack of buy support ,then the fun part of suppression  Cheesy before we can even think of going back up.

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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March 18, 2018, 08:43:19 AM
 #13932

BCH has a good news: Microsoft began to take BCH payment games, Xbox games and applications, but it only applies to customers from the United States.
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March 18, 2018, 01:33:16 PM
 #13933

I don't understand argument "why do you need BCH when we have BTC copypaste LTC". Apparently BCH has lower fee per TX than LTC has -
1. median average tx fee 10x lower than LTC
2. avg. tx fee 3x times lower than LTC
https://bitinfocharts.com/bitcoin%20cash/
https://bitinfocharts.com/litecoin/

 Cool
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Bcash dump that shit


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March 18, 2018, 03:16:09 PM
 #13934

looks like it's heading back to $300 where it belongs. I would empty your bags now

THE NEXT 24 YEARS ARE CRITICAL
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March 18, 2018, 04:27:16 PM
 #13935

looks like it's heading back to $300 where it belongs. I would empty your bags now

Bcash only served to fragment bitcoin and enrich obvious trolls... :-D no amount of pump from bitpay or anyone else will convince me Bcash is bitcoin...never Wink lol

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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March 18, 2018, 09:55:33 PM
 #13936

https://www.yours.org/content/use-cases-for-re-enabled-op-codes-8b150b6a0deb

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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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March 19, 2018, 12:48:44 PM
 #13937

is this forum full of infants?

THE NEXT 24 YEARS ARE CRITICAL
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March 19, 2018, 02:28:17 PM
 #13938

Hopefully that BCH will make prolonged efforts to become better utilization of digital cash.


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jbreher
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Activity: 2114
Merit: 1088


lose: unfind ... loose: untight


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March 19, 2018, 03:12:31 PM
 #13939

is this forum full of infants?

Sig farmers and psycho infants.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
Bitbobb
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Less hops. More wins.


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March 19, 2018, 04:45:03 PM
 #13940

https://news.bitcoin.com/g20-watchdog-says-cryptos-not-risk-resists-calls-new-rules/

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

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