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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 688941 times)
sirsplashalot
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June 04, 2018, 03:56:42 PM
 #15281

Have fun with a Bitcoin show at German Bayern LB

https://vimeo.com/272512178


But -  Bitcoin CAN scale !

It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

Other commodities and precious metals have purpose. In production create job demand and encourages international trade to strengthen the world economy. Bitcoin is mined without human use.

2. Scarcity

Some argue that Bitcoin is scarce given theres 21 million that exist. But among the Bitcoin supply of 21 million Bitcoins there are thousands of Cryptocurrencies, some much better suited for the 'store of value purpose.' These cryptocurrencies can be created essentially out of thin air and cannot be compared to commodites with sentiment. Nothing will stop a powerful nation or group of individuals from creating another cryptocurrency for a store of value or 'digital gold.'

For this reason, the alternative is a peer to peer decentralised cash system built to sustain a global network of transactions for individual and merchant use. This is why Bitcoin Cash exists. This 'digital gold' face of Bitcoin is hardly worth a conference and Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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June 04, 2018, 03:59:12 PM
 #15282

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon
sirsplashalot
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June 04, 2018, 04:35:25 PM
 #15283

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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June 04, 2018, 04:47:22 PM
 #15284

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins
bitcoinPsycho
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THE NEXT 24 YEARS ARE CRITICAL🍄💊


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June 04, 2018, 04:49:42 PM
 #15285

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon
you keep telling yourself that Cheesy

$100,000 BTC in one hour🍄💊
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THE NEXT 24 YEARS ARE CRITICAL🍄💊


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June 04, 2018, 04:50:56 PM
 #15286

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins
best laugh I've had all day Cheesy.weeeeeee

$100,000 BTC in one hour🍄💊
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June 04, 2018, 04:56:10 PM
Last edit: June 04, 2018, 05:09:45 PM by Zin-Zang
 #15287

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.


No one seems to worried about the environmental damage or costs inflicted on the Old & Poor by Miners increasing electricity rates across a region.


Typical Bitcoin Miner Photo when asked about their insane electricity usage.  Smiley
Just staring at their profits, with no concern for anyone else.


I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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June 04, 2018, 05:16:41 PM
 #15288

That is so true for billions and worth supporting ASAP.

Not wait for 18months

https://mobile.twitter.com/imkeshav/status/1002596637556944896

Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
sirsplashalot
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June 04, 2018, 05:19:25 PM
 #15289

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.



For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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June 04, 2018, 05:24:48 PM
 #15290

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin
sirsplashalot
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June 04, 2018, 05:29:28 PM
 #15291

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

Come back in 18 months.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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June 04, 2018, 05:56:44 PM
 #15292


It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

<blah,blah>

2. Scarcity

<blah,blah>

Go home, grandpa-you're drunk.

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.
Zin-Zang
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June 04, 2018, 05:58:19 PM
 #15293

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.



For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  Tongue
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  Tongue

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.

I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
lsd400
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June 04, 2018, 06:10:04 PM
 #15294

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

Maybe the next year but who knows... While on BCH https://twitter.com/keyportapp/status/1003314779656630272

p2p encrypted messaging app on BCH blockchain
CRYPTO America KING
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June 04, 2018, 07:03:37 PM
 #15295

FIFA WORLD CUP IS STARTING FROM 14TH JUNE GREAT TIME TO BUY BCH BITCOIN CASH
sirsplashalot
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June 04, 2018, 07:35:01 PM
 #15296

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.



For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  Tongue
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  Tongue

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.


Power, regulations, centralisation. At the end of the day the power is in the hands of the wealth and they will regulate the control.

And it ain't gonna be zeitcoin.

Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
Zin-Zang
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June 04, 2018, 07:52:22 PM
Last edit: June 04, 2018, 08:05:12 PM by Zin-Zang
 #15297

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.



For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  Tongue
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  Tongue

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.


Power, regulations, centralisation. At the end of the day the power is in the hands of the wealth and they will regulate the control.

And it ain't gonna be zeitcoin.

Time will tell on ZEITCOIN,   Cheesy

In your close minded nature, you are also missing the fact that a new PoW algorithm running only on CPUs would destroy ASICS Centralization and re add decentralization back into bitcoin. It would also avert the energy apocalypse in bitcoin's current future.

In other words , if you pulled your head out of your ass, you would see their are additional options , only if people start acknowledging the insane energy waste is a problem.  
Proof of Stake is not a viable solution for Bitcoin as it requires a larger number of coins to secure the network than their 21 million limit.

However , in the mean time converting to a CPU ONLY mining solution would return Bitcoin to its original roots and restore decentralization to its platform.
(This coin claims to follows Satoshi Vision more than others, well when he started their were no ASICS Farms, and he only ran his mining on a CPU.)


But if in your arrogance you prefer domination by the select few rich miners that will consort with Government to control transactions, feel free as others will choose different.  Wink


I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
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June 04, 2018, 09:08:58 PM
 #15298


It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

<blah,blah>

2. Scarcity

<blah,blah>

Go home, grandpa-you're drunk.

bitcoin cash is controlled by the evil banker reptilians =)  #checkmate

I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! Wink weee™
operabit
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June 04, 2018, 09:14:23 PM
 #15299

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

It could be that it will be a small pump and will not proceed to a larger pump considering this year's activity is very quiet enthusiasts interested.
OWZ1337
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BITCOIN===>THE DISRUPTIVE CYBERCURRENCY


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June 04, 2018, 10:07:03 PM
 #15300

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

It could be that it will be a small pump and will not proceed to a larger pump considering this year's activity is very quiet enthusiasts interested.

fake satoshi has been getting better at trolling ethereum tokens lol Wink haha

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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