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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 638148 times)
nutildah
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August 27, 2018, 12:23:56 PM
 #16121


Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (  Roll Eyes Roll Eyes )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).


Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.


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August 27, 2018, 03:17:57 PM
Merited by Bitbobb (2)
 #16122


Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

 Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (  Roll Eyes Roll Eyes )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).


Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.




In all fairness, Craig Wright has not proven that he is not satoshi either.

Bitcoin SV (BSV) - A P2P Electronic Cash System Built for Everyday Global Use.
nutildah
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August 27, 2018, 05:29:44 PM
 #16123


Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

 Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (  Roll Eyes Roll Eyes )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).


Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.




In all fairness, Craig Wright has not proven that he is not satoshi either.

In super duper fairness, neither have I, you, or anybody else alive and breathing.

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Zin-Zang
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August 27, 2018, 10:38:11 PM
 #16124


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

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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August 27, 2018, 10:43:46 PM
 #16125

Many say that short-term market growth is possible. So you intentionally buy the Bch coins. Let's see what happens in the near future.
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August 27, 2018, 10:50:13 PM
 #16126

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

The picture says "It has been tested to 380GB".

Might as well chose a 1 petabyte block for eleventy gazillion TPS.

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August 27, 2018, 10:58:52 PM
Merited by jbreher (1)
 #16127


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

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August 27, 2018, 11:06:42 PM
 #16128

Sept..... is going to be rough for all crypto.

Many people will suffer from...Fongo

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 ,nullius and lauda are scammers.Bitcoin cash is the real upgrade bitcoin needed, not segwit.
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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August 28, 2018, 01:13:13 AM
 #16129


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

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August 28, 2018, 01:31:11 AM
 #16130


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

If BCH was actually handling over 2 million tx per second, it would probably be worth much much more. However, I deliberately used ultraconservative figures. I personally doubt BCH will ever see that kind of transaction volume. But I guess BCH supporters can dream.

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August 28, 2018, 05:28:41 AM
 #16131

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.
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August 28, 2018, 05:55:13 AM
 #16132

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.

It's true for current period and always true at any point of time in terms of smart investments.
Thanks for your recommendation.
Bitcoin Cash, as almost the same as of other altcoins, followed long bearish market, which has lasted months and might end soon.

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August 28, 2018, 10:13:08 AM
 #16133

Forgetting for a moment people, politics, egos and agendas; on a purely fundamental level, which fork is the best in terms of the future of Bitcoin Cash?
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August 28, 2018, 10:25:34 AM
 #16134

DASH is the better etc plus anon, bcash is fundamentally weak
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August 28, 2018, 10:34:20 AM
 #16135

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.


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August 28, 2018, 10:36:29 AM
 #16136

Bitcoin Cash is worth long-term investors holding, and the technical and marketing capabilities of the project team are very good. The future development of Bitcoin Cash coins is worth looking forward to.
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August 28, 2018, 10:40:52 AM
Last edit: August 28, 2018, 03:35:09 PM by mindrust
 #16137

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

Dash, bcash and zcash are all toys of Roger. He is not focusing on zcash and dash because bcash's market cap is big enough to keep him busy. He left the others for dead.

When Roger runs out of sheep to suck their blood, he'll come up with another scam. This will go on and on. I suspect that he might even have something to do with bitconnect. They share the same ticker bcc in the end.



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hv_
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August 28, 2018, 03:20:37 PM
 #16138


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

If BCH was actually handling over 2 million tx per second, it would probably be worth much much more. However, I deliberately used ultraconservative figures. I personally doubt BCH will ever see that kind of transaction volume. But I guess BCH supporters can dream.

If anyone would only sit and 'doubt' - sure - nothing will happen.  Also not after 18 months.

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Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
jbreher
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August 28, 2018, 04:37:50 PM
 #16139

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/

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.
synthgauge
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August 28, 2018, 05:04:28 PM
 #16140


The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  Cheesy

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

HDD capacities grow according to moors law. If u move 6000x speed of light and record the precise state of universe at each moment in time during the whole travel then the amount of data collected could be shoved into a 50 gb HDD no questions asked. Now what is 2.6 million tx per second? I myself can do half of that and will still be bottlenecked by the lack of processing speed.
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