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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 691128 times)
sirsplashalot
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August 20, 2018, 12:37:05 PM
 #16021


If Lukejr... If Back... If Vays...

Funny how you fell you need to trot out personalities - rather than discuss concrete aspects of the chains and the implementations built thereupon.

The difference is you have the two biggest douchebags in all of crypto doing everything they can to fud bitcoin and promote bcash, that's the difference.

Wright is a douchebag. He could never even admit outright that his entire "I am Satoshi" bit was an utter hoax. He's a sociopath who won't stop until the world addresses him as "God."

Ver is a douchebag. He uses his control of bitcoin.com to mislead people into buying bcash when they are trying to buy bitcoin. It took a lawsuit for him to stop his atrocious behavior.

Bitcoin doesn't need to resort to such tactics because it is the superior product.

But if you want to discuss "concrete aspects," let's discuss how the popularity of bcash is concretely waning while the popularity of bitcoin is concretely growing.



On January 1st, BTC had a 38% dominance of the total market cap while BCH had 7%.

Today, BTC has grown to a 52% dominance while BCH has slipped to 4.4%.

Now if BCH was seen as "better," "less speculation-based" or simply "more popular" than BTC, this percentage would be on the rise as it could be considered a relatively stable store of value. However, its % dominance has been on the decrease along with every other altcoin because BTC has proved it can scale to demand. The inherent utility over BTC that BCH proposes is no longer necessary because BTC has adapted and evolved to find ways to scale.

Really Roger should have come up with a more original name than "Bitcoin Cash" if he wanted it to succeed. It's confusing to new users and a blatant ripoff / coat-tail ride to veterans.

Speaking of douchebags
....

How much money have you donated/funded to the Crypto space?

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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hv_
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August 20, 2018, 02:44:04 PM
 #16022


Not that I m bored these days, but I 'll happily watch that - would it come in with an UASF ? Since a miner vote might be totally irrelevant for that altcoin? 

What white paper will it follow btw?


Carpe diem  -  understand the White Paper and mine honest.
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jbreher
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August 20, 2018, 02:49:06 PM
 #16023


If Lukejr... If Back... If Vays...

Funny how you fell you need to trot out personalities - rather than discuss concrete aspects of the chains and the implementations built thereupon.

The difference is you have the two biggest douchebags in all of crypto ...

Small minds discuss people.

Quote
But if you want to discuss "concrete aspects," let's discuss how the popularity of bcash is concretely waning while the popularity of bitcoin is concretely growing.

https://i.imgur.com/3b9AR3E.png

On January 1st, BTC had a 38% dominance of the total market cap while BCH had 7%.

Today, BTC has grown to a 52% dominance while BCH has slipped to 4.4%.

Indeed it is. I find this disappointing. However, popularity is not a proper basis for determination of superiority. And popularity metrics can turn on a dime. I am confident this trend will turn. If your only concrete aspect you wish to discuss is popularity, I guess I'm done with this branch of this conversation.

Quote
BTC has proved it can scale to demand.

It most certainly has not proven so. In the last test of BTC's scaling properties -- 4q17-Jan18 -- BTC failed miserably.

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

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jbreher
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August 20, 2018, 03:00:34 PM
 #16024


"I will be giving a talk at #ScalingBitcoin on how a block size increase up to 3600x the present size and a change of proof-of-work can be achieved with a fully backwards compatible soft-fork—old clients see all transactions and valid SHA256 block headers."

Sounds interesting, but I don't see how this translates as a threat to BCH.

Core has already shown an incredible irrational resistance to scaling on-chain. The ugly hack of adopting SegWit as a so-called 'soft fork' has proven to have been the mechanism by which new security vulnerabilities have been introduced to BTC - will this 'soft fork' be any different? Lastly, experience with other chains has already conclusively demonstrated the folly of jettisoning $Billions of USD worth of dedicated security appliances.

While the capacity increase is attractive, this looks to be facing at least a trifecta of real implementation problems.

I must admit that as far as technical details, I am quivering with antici...
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...pation.

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.
hv_
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August 20, 2018, 05:56:36 PM
 #16025

Colored Coins incoming

https://twitter.com/JoelDalais/status/1031507140773666816

Carpe diem  -  understand the White Paper and mine honest.
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hornetsnest
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August 20, 2018, 06:42:25 PM
 #16026



Quote
Sounds interesting, but I don't see how this translates as a threat to BCH.


4MB * 3600 = 14.4GB



Core has already shown an incredible irrational resistance to scaling on-chain.

Conspiracy theorists were insisting it was blockstream being behind the stopping of scaling bitcoin onchain yet here we have someone well associated with blockstream proposing this.

████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
Vojdel
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August 20, 2018, 06:46:59 PM
 #16027

Hi, in your document is very useful information about your site. I'm interested in what languages you can translate it and how soon?
narking
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August 20, 2018, 07:21:45 PM
 #16028



Quote
Sounds interesting, but I don't see how this translates as a threat to BCH.


4MB * 3600 = 14.4GB



Core has already shown an incredible irrational resistance to scaling on-chain.

Conspiracy theorists were insisting it was blockstream being behind the stopping of scaling bitcoin onchain yet here we have someone well associated with blockstream proposing this.

I think that in any project there are those who always negatively concern him. So those who will support it regardless of any news. The fact that this team is one of the best both financially and in terms of who is behind it is generally without any questions. On account of what the future of the project?
Everything depends in many ways on the market and on how much it will be possible to increase the bandwidth of the network itself.
jbreher
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August 20, 2018, 07:31:19 PM
Last edit: August 20, 2018, 09:44:01 PM by jbreher
 #16029


Quote
Sounds interesting, but I don't see how this translates as a threat to BCH.


4MB * 3600 = 14.4GB

Core has already shown an incredible irrational resistance to scaling on-chain.

Conspiracy theorists were insisting it was blockstream being behind the stopping of scaling bitcoin onchain yet here we have someone well associated with blockstream proposing this.

Your quoting is broken.

No proposal as of yet. So far, all that we have is a tweet announcing the topic of a presentation to be given at an upcoming conference.

Demonstrably, Blockstream employees and contractors indeed argued vociferously against a simple block size increase leading up to the grand schism. Are you attempting to deny this reality?

If indeed Blockstream intends to create 14.4GB blocks, how ever will that run on a Raspberry Pi? What will it do to non-mining validator centralization? (not that that is an actual negative to the Bitcoin system, but Coreans have been insisting that it is).

More interesting yet is what they may plan on doing with that block size. As it stands today, due to the Core client's crappy multithreading design, the client bogs down at about 100 tx/s on today's commodity hardware. Maybe they'll finally get around to fixing that.

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

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Piston Honda
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August 20, 2018, 08:05:07 PM
 #16030

someone needs to shut Ver up and kill this turd coin

martincic
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August 20, 2018, 08:19:00 PM
 #16031

Hello. Your post inspired me. It would be interesting to know if It will be translated into other languages?
wangxiaoyan888666
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August 21, 2018, 01:09:15 AM
 #16032

The development of the Bitcoin Cash coin project will bring good opportunities for reform to the payment industry in the future, and the development prospects of the project are worth looking forward to.
jbreher
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August 21, 2018, 01:27:11 AM
 #16033

someone needs to shut Ver up and kill this turd coin

heheh... 'someone' .... heh heh

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

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estherpham22
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August 21, 2018, 01:27:25 AM
 #16034

I saw a great project, perfect
zulemanguyen65
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August 21, 2018, 01:41:12 AM
 #16035

my perfect project support, me it will be become a other platform of the virtual virtuality
narutos
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August 21, 2018, 02:07:58 AM
 #16036

The development of the Bitcoin Cash coin project will bring good opportunities for reform to the payment industry in the future, and the development prospects of the project are worth looking forward to.


Compared to bitcoin, its still in its infancy stage, just about 1 year, whereas bitcoin withstand the test of time for somewhat like 9 years
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August 21, 2018, 02:32:24 AM
 #16037

The development of the Bitcoin Cash coin project will bring good opportunities for reform to the payment industry in the future, and the development prospects of the project are worth looking forward to.


Compared to bitcoin, its still in its infancy stage, just about 1 year, whereas bitcoin withstand the test of time for somewhat like 9 years
Bitcoin Cash is more perfect than Bitcoin but BCH price just moves according to BTC. I think both coins will develop in the future.
narutos
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August 21, 2018, 02:20:48 PM
 #16038

The development of the Bitcoin Cash coin project will bring good opportunities for reform to the payment industry in the future, and the development prospects of the project are worth looking forward to.


Compared to bitcoin, its still in its infancy stage, just about 1 year, whereas bitcoin withstand the test of time for somewhat like 9 years
Bitcoin Cash is more perfect than Bitcoin but BCH price just moves according to BTC. I think both coins will develop in the future.


More people uses bitcoin increases its adoption rate, this also bring more awareness to altcoins such as ether, neo, Icon, bcash, litecoin,etc...
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August 22, 2018, 11:50:27 AM
 #16039

Hey all, question in regards to WHC.  There's no telegram for it correct?  Also, since it's forked off of Omni does it have the same circulating supply as Omni? I figured I would ask here as it's related to BCH.
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August 22, 2018, 01:56:01 PM
 #16040





BCH is going to be forked?

████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
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