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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 638677 times)
sirsplashalot
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August 16, 2018, 11:29:03 AM
 #16001

Bitmain switches all it's miners over to bch and starts buying bch with the IPO money, the momentum would shift dramatically, some Bitcoin core die hard supporters might go down with the ship, but the vast majority of crypto investors don't treat the 2017 scaling war like a religion, they'll just follow the herd when it's obvious the flippening is first possible, then probable, then actually happening

I interpret this recent bitmain document release very differently,  it shows bitmain will likely have a war chest of all three resources they need to achieve their goal sometime soonish; bch reserves, IPO cash, miners ... I think bitmain is in a very powerful position now, I see dudes like Jimmy Song trying to spin bitmain as having failed at a peg in his videos, but imo bitmain will soon have everything they need to manipulate the price to something close to parity, and even if it's not popular at first, fear will take over enough traders already suffering  big losses from the bear market, and bingo, the herd moves to bch.

The bitmain finances show they are serious, there's just not enough financial backing on the other side with the same level of skin in the game, the big traders just want to make money, they're not emotionally attached like zealots on this forum, they'll move their money to the Bitcoin version that has price support and mining, and the bounty bitmain will reap from the accumulated bch could make them a trillion dollar company sooner than many think, a powerful incentive to go all in for the flippening.

Fascinating times!  Once it starts the early movers make money when they convert at the expense of those who delay, so once the momentum starts it could be quick!

bitmain have shot their bolt and thrown the kitchen sink and still failed and that was at a point where holders had free BCH so, as the advocates maintained at the time, they had 'nothing to lose' if it flipped.

now it's over a year since the fork and there'll be millions of people who don't have any of it and have no interest in owning it.

there is no one with any credibility involved with BCH. no financial institution has made any mention of BCH whatsoever. it gets virtually no press.

it was a one time shot at usurping bitcoin. it failed. there won't be another. that doesn't mean there won't be big ass pumps in future but its place in the firmament is set. if they let go of their obsession of 'becoming' bitcoin and concentrated on being a great coin they'll get alot further.



It’s really difficult to argue with such narcissistic people so sure of themselves to make sweeping generalizations. But if you think no one of any credibility is associated with BCH, you aren’t of competence to be arguing around here.

There’s ABC, Nchain, Bitcoin.com, Bitcoin.org, Bitmain....hell, even your mom.

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August 16, 2018, 11:40:16 AM
 #16002

Quote


I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash . Allowing people to use small amounts of cryptocurrency for everyday use is valuable within crypto, and also particularly for use cases of blockchain that go beyond crypto. Even non-financial blockchain use cases still require transaction fees. If we can reduce this friction with one trip to the convenience store, it would be simple to start using cryptocurrency, Buterin noted.



https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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August 16, 2018, 12:23:58 PM
 #16003

Bitmain switches all it's miners over to bch and starts buying bch with the IPO money, the momentum would shift dramatically, some Bitcoin core die hard supporters might go down with the ship, but the vast majority of crypto investors don't treat the 2017 scaling war like a religion, they'll just follow the herd when it's obvious the flippening is first possible, then probable, then actually happening

I interpret this recent bitmain document release very differently,  it shows bitmain will likely have a war chest of all three resources they need to achieve their goal sometime soonish; bch reserves, IPO cash, miners ... I think bitmain is in a very powerful position now, I see dudes like Jimmy Song trying to spin bitmain as having failed at a peg in his videos, but imo bitmain will soon have everything they need to manipulate the price to something close to parity, and even if it's not popular at first, fear will take over enough traders already suffering  big losses from the bear market, and bingo, the herd moves to bch.

The bitmain finances show they are serious, there's just not enough financial backing on the other side with the same level of skin in the game, the big traders just want to make money, they're not emotionally attached like zealots on this forum, they'll move their money to the Bitcoin version that has price support and mining, and the bounty bitmain will reap from the accumulated bch could make them a trillion dollar company sooner than many think, a powerful incentive to go all in for the flippening.

Fascinating times!  Once it starts the early movers make money when they convert at the expense of those who delay, so once the momentum starts it could be quick!

bitmain have shot their bolt and thrown the kitchen sink and still failed and that was at a point where holders had free BCH so, as the advocates maintained at the time, they had 'nothing to lose' if it flipped.

now it's over a year since the fork and there'll be millions of people who don't have any of it and have no interest in owning it.

there is no one with any credibility involved with BCH. no financial institution has made any mention of BCH whatsoever. it gets virtually no press.

it was a one time shot at usurping bitcoin. it failed. there won't be another. that doesn't mean there won't be big ass pumps in future but its place in the firmament is set. if they let go of their obsession of 'becoming' bitcoin and concentrated on being a great coin they'll get alot further.



One year is too short to determine the fate of Bitcoin Cash. It still has a lot of supporters and improvements are being done even as we speak. Crypto race is not about sprinting but a marathon. Bitcoin can be overtaken by other coins in the future by means of innovation and mass adoption.

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August 16, 2018, 12:49:48 PM
Merited by mindrust (3)
 #16004

One year is too short to determine the fate of Bitcoin Cash. It still has a lot of supporters and improvements are being done even as we speak. Crypto race is not about sprinting but a marathon. Bitcoin can be overtaken by other coins in the future by means of innovation and mass adoption.

I'm referring specifically to the attempted flippening, not any possible future. if BCH becomes simply better in every way then it deserves to take the lead. that's not how they attempted it at the beginning.

artificial pumps combined with screwing with mining difficulty and spamming the bitcoin blockchain is not how something else wins out.
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August 16, 2018, 01:00:41 PM
 #16005

Tell me, please, who has the last update of this project? Where can I see it?
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August 16, 2018, 01:24:24 PM
Merited by sirsplashalot (1)
 #16006


now it's over a year since the fork and there'll be millions of people who don't have any of it and have no interest in owning it.

there is no one with any credibility involved with BCH. no financial institution has made any mention of BCH whatsoever. it gets virtually no press.

it was a one time shot at usurping bitcoin. it failed. there won't be another. that doesn't mean there won't be big ass pumps in future but its place in the firmament is set. if they let go of their obsession of 'becoming' bitcoin and concentrated on being a great coin they'll get alot further.



Crypto is extremely unpredictable,  and the vast majority of active players in the market have learnt to expect the unexpected, and bitmain obviously have the incentive and resources to make bch a global system for digital cash so it's likely they will keep trying for many years if necessary to achieve their goal, and the other side just doesn't have the same financial and mining resources.

Most crypto users just want a version of Bitcoin that scales , is cheap and easy to use, and remains as decentralised and 'unfuckable' by governments as possible, they don't really care about the history, and if the flippening happens everyone will still be using BITCOIN.

IT really comes down to which side has more resources to move enough of the people who don't know or care too much about the deeper history of the scaling war to their side, and that's bch now, and even if it takes many years it's  the most likely outcome.

I'm thinking of switching to 60:40 in my portfolio now, and at today's conversion rate that feels like a great deal, but honestly, like I said above, I expect the unexpected, and maybe Bitcoin core has some powerful friends in the wings willing to match bitmain, but I suspect most Bitcoin core holders will switch pretty fast when we approach parity and momentum is clearly on bitmain and bch side.

At parity switching costs nothing, doing it before makes you money , imo bitmain's support for bch means it's  not going away, and most crypto users are fickle, and don't care, they just want a Bitcoin that works, and bch does.
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August 16, 2018, 01:49:13 PM
 #16007

Bitmain switches all it's miners over to bch and starts buying bch with the IPO money, the momentum would shift dramatically, some Bitcoin core die hard supporters might go down with the ship, but the vast majority of crypto investors don't treat the 2017 scaling war like a religion, they'll just follow the herd when it's obvious the flippening is first possible, then probable, then actually happening

I interpret this recent bitmain document release very differently,  it shows bitmain will likely have a war chest of all three resources they need to achieve their goal sometime soonish; bch reserves, IPO cash, miners ... I think bitmain is in a very powerful position now, I see dudes like Jimmy Song trying to spin bitmain as having failed at a peg in his videos, but imo bitmain will soon have everything they need to manipulate the price to something close to parity, and even if it's not popular at first, fear will take over enough traders already suffering  big losses from the bear market, and bingo, the herd moves to bch.

The bitmain finances show they are serious, there's just not enough financial backing on the other side with the same level of skin in the game, the big traders just want to make money, they're not emotionally attached like zealots on this forum, they'll move their money to the Bitcoin version that has price support and mining, and the bounty bitmain will reap from the accumulated bch could make them a trillion dollar company sooner than many think, a powerful incentive to go all in for the flippening.

Fascinating times!  Once it starts the early movers make money when they convert at the expense of those who delay, so once the momentum starts it could be quick!

bitmain have shot their bolt and thrown the kitchen sink and still failed and that was at a point where holders had free BCH so, as the advocates maintained at the time, they had 'nothing to lose' if it flipped.

now it's over a year since the fork and there'll be millions of people who don't have any of it and have no interest in owning it.

there is no one with any credibility involved with BCH. no financial institution has made any mention of BCH whatsoever. it gets virtually no press.

it was a one time shot at usurping bitcoin. it failed. there won't be another. that doesn't mean there won't be big ass pumps in future but its place in the firmament is set. if they let go of their obsession of 'becoming' bitcoin and concentrated on being a great coin they'll get alot further.



One year is too short to determine the fate of Bitcoin Cash. It still has a lot of supporters and improvements are being done even as we speak. Crypto race is not about sprinting but a marathon. Bitcoin can be overtaken by other coins in the future by means of innovation and mass adoption.

This will happen nearly automatically over some period of time - use case are constantly bespoke cheap global secure eCash (on-chain) transactions first - the only killer app - , and sure with growing value behind, since use and value are correlated by the socioeconomically network effect - all included in the single barrier free Bitcoin Cash system.

Some gimmicks like ICOs and decent smart scripting might speed that up a bit, but the eCash case is the most important underlying feature that is not debatable.

  


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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August 16, 2018, 02:15:13 PM
 #16008

I wonder how long this project exists

Since 2009 January 03.

Quote
and how long will it last?

Presumably for decades, if not centuries. Join us on this journey of discovery.

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.
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August 16, 2018, 02:17:18 PM
 #16009

artificial pumps combined with screwing with mining difficulty and spamming the bitcoin blockchain is not how something else wins out.

If you think that those factors were any more than silly slideshows, you have not been focusing on the core.

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.
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August 16, 2018, 03:27:02 PM
Last edit: August 16, 2018, 03:39:28 PM by European Central Bank
 #16010

Most crypto users just want a version of Bitcoin that scales , is cheap and easy to use, and remains as decentralised and 'unfuckable' by governments as possible, they don't really care about the history, and if the flippening happens everyone will still be using BITCOIN.

IT really comes down to which side has more resources to move enough of the people who don't know or care too much about the deeper history of the scaling war to their side, and that's bch now, and even if it takes many years it's  the most likely outcome.

I'm thinking of switching to 60:40 in my portfolio now, and at today's conversion rate that feels like a great deal, but honestly, like I said above, I expect the unexpected, and maybe Bitcoin core has some powerful friends in the wings willing to match bitmain, but I suspect most Bitcoin core holders will switch pretty fast when we approach parity and momentum is clearly on bitmain and bch side.

At parity switching costs nothing, doing it before makes you money , imo bitmain's support for bch means it's  not going away, and most crypto users are fickle, and don't care, they just want a Bitcoin that works, and bch does.

no matter what anyone's angle is, how anyone could believe BCH is less centralised is beyond me. it effectively has one miner, a few offshoots and some straggling opportunists. that one entity is in active control of over one million coins.




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August 16, 2018, 03:31:10 PM
 #16011

Roger and Jihan need to pamp it soon.

I need to buy more shitcoins....

Faketoshi on the other hand needs to go frack himself with a cactus.

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August 16, 2018, 04:35:23 PM
 #16012

Quote


I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash . Allowing people to use small amounts of cryptocurrency for everyday use is valuable within crypto, and also particularly for use cases of blockchain that go beyond crypto. Even non-financial blockchain use cases still require transaction fees. If we can reduce this friction with one trip to the convenience store, it would be simple to start using cryptocurrency, Buterin noted.



https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/


When enter lightning in bitcoin, the bitcash devs should also submit an update.
I think they'll find something to do more speed and stability.
With such a large community and so many miners and large funds, success will surely be. Now the price of the token is very small, i think.


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Bitbobb
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August 16, 2018, 10:01:28 PM
 #16013

Quote


I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash . Allowing people to use small amounts of cryptocurrency for everyday use is valuable within crypto, and also particularly for use cases of blockchain that go beyond crypto. Even non-financial blockchain use cases still require transaction fees. If we can reduce this friction with one trip to the convenience store, it would be simple to start using cryptocurrency, Buterin noted.



https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/


When enter lightning in bitcoin, the bitcash devs should also submit an update.
I think they'll find something to do more speed and stability.
With such a large community and so many miners and large funds, success will surely be. Now the price of the token is very small, i think.

The network gets faster and stronger over time.  And the spot price in the secondary market grows more stable as well.

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August 16, 2018, 10:04:34 PM
 #16014

Most crypto users just want a version of Bitcoin that scales , is cheap and easy to use, and remains as decentralised and 'unfuckable' by governments as possible, they don't really care about the history, and if the flippening happens everyone will still be using BITCOIN.

IT really comes down to which side has more resources to move enough of the people who don't know or care too much about the deeper history of the scaling war to their side, and that's bch now, and even if it takes many years it's  the most likely outcome.

I'm thinking of switching to 60:40 in my portfolio now, and at today's conversion rate that feels like a great deal, but honestly, like I said above, I expect the unexpected, and maybe Bitcoin core has some powerful friends in the wings willing to match bitmain, but I suspect most Bitcoin core holders will switch pretty fast when we approach parity and momentum is clearly on bitmain and bch side.

At parity switching costs nothing, doing it before makes you money , imo bitmain's support for bch means it's  not going away, and most crypto users are fickle, and don't care, they just want a Bitcoin that works, and bch does.

no matter what anyone's angle is, how anyone could believe BCH is less centralised is beyond me. it effectively has one miner, a few offshoots and some straggling opportunists. that one entity is in active control of over one million coins.






I agree, BCH isn't anywhere near as decentralised as I would like (or where it might end up), but the split isn't really anything Bitmain could have prevented, core created the forces that led to bch when they refused to upgrade to 2 mb blocks, everyone has been adjusting to that ever since.

anyway, bch just has to better than legacy finance, e.g. my bank account was closed last december just because I used a local crypto exchange , and Bitmain isn't likely to ever have that level of control over bitcoin as we all know now that if people in control fuck things up those affected can fork and go in another direction, there's free entry and exit for everyone who gets enough people agreeing with their pov.

as long as bch is better than banks it can thrive, but yes, bitmain has a shit load of power now whether we like it or not
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August 16, 2018, 11:01:40 PM
 #16015

I wonder how long this project exists

Since 2009 January 03.

Quote
and how long will it last?

Presumably for decades, if not centuries. Join us on this journey of discovery.

WORMHOLE CASH IS FOREVER BRAH  Cool  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!
proo7
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August 17, 2018, 12:17:57 AM
 #16016

B-ICO-Cash is a good name rebrand for this coin.
It will be TOP ico coin

I got this great idea for new name after watching Roger Ver promo video
https://www.youtube.com/watch?v=pPY1eNL2Q0g

Inspiration also came after watching this Roger Ver video
https://www.youtube.com/watch?v=UP1YsMlrfF0

I like that he is still dreaming about flippening  Roll Eyes

gembitz
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*Brute force will solve any Bitcoin problem*


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August 17, 2018, 12:23:32 AM
Merited by mymenace (1)
 #16017

B-ICO-Cash is a good name rebrand for this coin.
It will be TOP ico coin

I got this great idea for new name after watching Roger Ver promo video
https://www.youtube.com/watch?v=pPY1eNL2Q0g

Inspiration also came after watching this Roger Ver video
https://www.youtube.com/watch?v=UP1YsMlrfF0

I like that he is still dreaming about flippening  Roll Eyes




ICO-WORM is obviously the REAL bitcoin   Grin   $WORM===> TO THE FUCKING MOON


#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!
BitPotus
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August 17, 2018, 01:21:39 AM
Merited by jbreher (1)
 #16018

https://cryptodaily.co.uk/2018/08/vitalik-buterin-backs-bitcoin-cash-as-the-adoptable-crypto/

Vikachu is openly supporting Bitcoin Cash.

mETH is ded.

yyz13857180757
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August 17, 2018, 02:09:31 AM
 #16019

The long-term development of the Bitcoin Cash coin project deserves investors to continue to look forward to, BCH is the real leader in the payment field, looking forward to BCH to bring investors more dividends.
hv_
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Remove The Middlemen


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August 17, 2018, 06:06:20 AM
 #16020

If ppl want Bitcoin to be different from cash:


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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