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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 690994 times)
hv_
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September 30, 2018, 02:58:51 PM
 #16421

Nice new POS

https://news.bitcoin.com/new-pos-terminal-by-pundix-allows-nigerians-to-make-purchases-in-bitcoin

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.
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September 30, 2018, 05:34:46 PM
Last edit: July 27, 2019, 08:38:23 AM by notblox1
 #16422

Dramatic Comedy continues   Cheesy
news about BitmainCash or BitmainABC or the real BCH or whatever...


Source:
https://bitcoinexchangeguide.com/bitmain-abc-fork-details-bitcoin-cash-bch-chain-split-controversy-is-real/



sirsplashalot
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September 30, 2018, 05:49:07 PM
 #16423

Dramatic Comedy continues   Cheesy
news about BitmainCash or BitmainABC or the real BCH or whatever...



Bitmain ABC Fork Details: BitcoinCash (BCH) Chain Split Controversy is Real

What do You Need to Know About Bitmain ABC Fork?
One of the most interesting things about Satoshi’s white paper on Bitcoin was that it deleted third party intervention to handle money from individuals. It was simple and secure. Indeed, individuals were finally able to manage their funds with freedom without intervention.

The founder of Bitmain and Bitcoin ABC, Jihan Wu is trying to add its species to the original protocols changing and adding to those original protocols. Moreover, they are trying to limit or slow any attempt of a massive on-chain scaling limiting the block size to 32 MB.

Bitcoin’s landscape is very competitive. Miners are competing at all times and trying to have a better piece of the market. If they do not invest, they lag behind and do not remain competitive.

By limiting block sizes, developers control the means of production and give subsidies to inefficient miners that do not want to invest to compete in the market.

Greg Maxwell, for example, has already warned about a Big Block Attack in which large miners wanted to take away less invested miners. That misrepresents the importance of scaling the network.

In order to improve Bitcoin’s security in the long term, it is very important to raise the block size. Miners would be forced to invest and keep being competitive. Those who do not want or cannot keep, would be outside the market. This is necessary to improve and ensure the viability and security of Bitcoin.

Bitcoin needs to reach a network operation level similar to the one of Visa or MasterCard.

Both Bitmain and ABC are trying to introduce some changes that have not considered the impact that they will have on the ecosystem.

Using Canonical Transaction Ordering Rule (CTOR), transactions would be sorted based on their identifiers. That would change the underlying protocols, which is a problem. The second problem is that the network scaling issue is not solved in this way.

This only allows chainless apps to be more capable. Something good for developers. But there are other problems for users because they need to trust a third party or software oracle.

Additionally, CTOR does not support 0-confirmation transactions. Due to the fact that Bitcoin aimed and was designed to be used as cash, BCH shows that it tried to eliminate the possibility of 0 confirmation transactions. That erodes the ecosystem

Jihan Wu is a strong supporter of CTOR and Wormhole, a second layer technology allowing for smart contracts.

On one hand, it seems that this allows the ecosystem to grow. On the other hand, it really drives innovation backward. In the end, Bitcoin Cash would be more similar to Ethereum, a developer currency, rather than electronic cash.

It seems that Bitmain and Mr. Wu are trying to fund ABC due to the fact that the mining company is a very important proponent of the CTOR and Wormhole.

Wu was an important figure that allowed Segregated Witness (SegWit) to happen and to be implemented on the Bitcoin blockchain. This has severely affected the whole network limiting it and allowing developers to start working on the Lightning Network. Until now, the Lighting Network is not implemented and is not working as expected.

BCH should work in a better way, and shouldn’t be manipulated frivolously. Developing the system is the only way to ensure that it will survive in the long term.


Source:
https://bitcoinexchangeguide.com/bitmain-abc-fork-details-bitcoin-cash-bch-chain-split-controversy-is-real/




This article is 30 days old

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.
notblox1
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September 30, 2018, 07:34:34 PM
Last edit: August 01, 2019, 06:04:54 PM by notblox1
 #16424

Quote

This article is 30 days old

Well Obviously.... but today I read it for the first time,
and mister Calvin Ayre posted tweet about it few days ago,
and you probably know about this 'gentelmen'.

There is only ONE  Grin
He seems to be Satoshi Visioner and ExBCasHer.


jbreher
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September 30, 2018, 08:01:16 PM
 #16425

OK again, so no public proof = no proof.

Absolutely. You have no public proof that CSW is not satoshi.

For the record: I am ambivalent on the matter. He may be; he may not. But you are falling upon the argument of the most fallacious nature. Lack of proof is not proof of the converse.

if you want to continue to believe that a bull-headed narcissist, an egotistical, mean-spirited sociopath is Satoshi, despite an utter lack of evidence, that's your right as a human citizen.

Are you incapable of comprehending the clear text that I have written? I have stated directly that I am ambivalent on the matter. Do you not possess the simple language skills to understand that simple statement?

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.
Icutgrass205
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September 30, 2018, 09:43:39 PM
 #16426

OK again, so no public proof = no proof.

Absolutely. You have no public proof that CSW is not satoshi.

For the record: I am ambivalent on the matter. He may be; he may not. But you are falling upon the argument of the most fallacious nature. Lack of proof is not proof of the converse.

If he is THE SATOSHI... then why o why Roger the Ver keeps talking about Satoshi like some spirit super creator and btc whitepaper as his gospel ?
Even Bitmain Lord JW called him Fake Satoshi.
Case closed.



Lmao, the same Bitmain lord that is amassing BCH using a fake bch burn address for his Wormhole scheme? Jihan is a judas goat, WH would destroy BCH, you should be thanking CSW and nchain for what they're doing to prevent that.

Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
hv_
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October 01, 2018, 03:04:49 PM
 #16427

Anyone in the US ready to test this and check if BCH fees are low?

http://coffee4crypto.com

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.
hv_
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October 01, 2018, 07:30:37 PM
 #16428

Must watch

https://memo.cash/post/5590c444532e5ab89c66402a62a4c32f41c44aefa30f724eabcd09918463ee10

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.
goldart
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October 01, 2018, 11:36:44 PM
 #16429

OK again, so no public proof = no proof.

Absolutely. You have no public proof that CSW is not satoshi.

For the record: I am ambivalent on the matter. He may be; he may not. But you are falling upon the argument of the most fallacious nature. Lack of proof is not proof of the converse.

if you want to continue to believe that a bull-headed narcissist, an egotistical, mean-spirited sociopath is Satoshi, despite an utter lack of evidence, that's your right as a human citizen.

Are you incapable of comprehending the clear text that I have written? I have stated directly that I am ambivalent on the matter. Do you not possess the simple language skills to understand that simple statement?
you smell of desperation? now, if someone would evaluate the situation from a more sober look, I think everyone understands that no one knows who satoshi is
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October 02, 2018, 12:12:21 AM
Merited by mindrust (1)
 #16430

 Cheesy Do people know what ambivalent means? It's a state of uncertainty. Roll Eyes

narutos
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October 02, 2018, 04:11:26 PM
 #16431

Dramatic Comedy continues   Cheesy
news about BitmainCash or BitmainABC or the real BCH or whatever...



Bitmain ABC Fork Details: BitcoinCash (BCH) Chain Split Controversy is Real

What do You Need to Know About Bitmain ABC Fork?
One of the most interesting things about Satoshi’s white paper on Bitcoin was that it deleted third party intervention to handle money from individuals. It was simple and secure. Indeed, individuals were finally able to manage their funds with freedom without intervention.

The founder of Bitmain and Bitcoin ABC, Jihan Wu is trying to add its species to the original protocols changing and adding to those original protocols. Moreover, they are trying to limit or slow any attempt of a massive on-chain scaling limiting the block size to 32 MB.

Bitcoin’s landscape is very competitive. Miners are competing at all times and trying to have a better piece of the market. If they do not invest, they lag behind and do not remain competitive.

By limiting block sizes, developers control the means of production and give subsidies to inefficient miners that do not want to invest to compete in the market.

Greg Maxwell, for example, has already warned about a Big Block Attack in which large miners wanted to take away less invested miners. That misrepresents the importance of scaling the network.

In order to improve Bitcoin’s security in the long term, it is very important to raise the block size. Miners would be forced to invest and keep being competitive. Those who do not want or cannot keep, would be outside the market. This is necessary to improve and ensure the viability and security of Bitcoin.

Bitcoin needs to reach a network operation level similar to the one of Visa or MasterCard.

Both Bitmain and ABC are trying to introduce some changes that have not considered the impact that they will have on the ecosystem.

Using Canonical Transaction Ordering Rule (CTOR), transactions would be sorted based on their identifiers. That would change the underlying protocols, which is a problem. The second problem is that the network scaling issue is not solved in this way.

This only allows chainless apps to be more capable. Something good for developers. But there are other problems for users because they need to trust a third party or software oracle.

Additionally, CTOR does not support 0-confirmation transactions. Due to the fact that Bitcoin aimed and was designed to be used as cash, BCH shows that it tried to eliminate the possibility of 0 confirmation transactions. That erodes the ecosystem

Jihan Wu is a strong supporter of CTOR and Wormhole, a second layer technology allowing for smart contracts.

On one hand, it seems that this allows the ecosystem to grow. On the other hand, it really drives innovation backward. In the end, Bitcoin Cash would be more similar to Ethereum, a developer currency, rather than electronic cash.

It seems that Bitmain and Mr. Wu are trying to fund ABC due to the fact that the mining company is a very important proponent of the CTOR and Wormhole.

Wu was an important figure that allowed Segregated Witness (SegWit) to happen and to be implemented on the Bitcoin blockchain. This has severely affected the whole network limiting it and allowing developers to start working on the Lightning Network. Until now, the Lighting Network is not implemented and is not working as expected.

BCH should work in a better way, and shouldn’t be manipulated frivolously. Developing the system is the only way to ensure that it will survive in the long term.


Source:
https://bitcoinexchangeguide.com/bitmain-abc-fork-details-bitcoin-cash-bch-chain-split-controversy-is-real/




Man, when will this thing be over? whats the future of bcash yall? will it remain top 5 all the time? take over bitcoin?highly doubt it, most liely stay @ top altcoin though
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October 02, 2018, 08:59:53 PM
 #16432

Quote

Man, when will this thing be over? whats the future of bcash yall? will it remain top 5 all the time? take over bitcoin?highly doubt it, most liely stay @ top altcoin though

I think that some people like senor Calvin Ayre are transforming to Satoshi Visioners,
and I also heard a rumors of yet another BCH fork called BitcoinStash
http://bstash.org/

More info on medium article:
https://medium.com/@BitcoinStash/the-bitcoin-cash-problem-part-1-bitcoin-abc-e99f981610e1

sirsplashalot
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October 02, 2018, 09:18:52 PM
 #16433

Quote

This article is 30 days old

Well Obviously.... but today I read it for the first time,
and mister Calvin Ayre posted tweet about it few days ago,
and you probably know about this 'gentelmen'.

There is only ONE  Grin
He seems to be Satoshi Visioner and ExBCasHer.










Here’s a YouTube video of a tech lawyer laying out the facts of Wright v Kleiman.

https://youtu.be/0blOkCdKAGg

Calvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him.

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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October 03, 2018, 08:48:09 AM
Last edit: October 03, 2018, 09:02:11 AM by notblox1
 #16434

Yes they are all 'self made multi billionaires' and friends in charge of BCH coin
that is Why BitcoinStash is maybe the best option.
http://bstash.org/





I also saw good news about Bcash...getting in Asia market, plane to plane, as p2p cash... !!!
https://www.youtube.com/watch?v=14JmVNQPNBQ
https://www.youtube.com/watch?v=USmjiyEgHPo


sirsplashalot
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October 03, 2018, 11:08:45 AM
 #16435

I would never invest in Bstash as by their website they are clearly not at capacity to understand basic economics. Anyone who says BCH is ‘centralized’ fails to understand the situation at hand. Just because Nchain believes so much in Bitcoin Cash and has literally spent the most of their resources mining Bitcoin Cash, does not mean Bitcoin Cash is centralized given ANY other individual or company is able to compete with the hashing power.

Centralized would be a coin like ripple where 60% of the supppy is locked up and unavailable to the public.

Capitalism creates competition which is a good thing.

BCH mining is a capitalist competition for hashpower = freedom.

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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October 03, 2018, 01:22:50 PM
Last edit: October 03, 2018, 03:39:34 PM by notblox1
 #16436

I would never invest in Bstash as by their website they are clearly not at capacity to understand basic economics. Anyone who says BCH is ‘centralized’ fails to understand the situation at hand. Just because Nchain believes so much in Bitcoin Cash and has literally spent the most of their resources mining Bitcoin Cash, does not mean Bitcoin Cash is centralized given ANY other individual or company is able to compete with the hashing power.

Centralized would be a coin like ripple where 60% of the supppy is locked up and unavailable to the public.

Capitalism creates competition which is a good thing.

BCH mining is a capitalist competition for hashpower = freedom.

Roger Ver is the same investor in centralized Ripple,
as he holds ~ 25 millions of ripple coins.
Looks like he likes centralized stuff.  Grin

https://www.youtube.com/watch?v=dmf4vqgn-n8


Also new article about BitcoinStash
https://blockonomi.com/bitcoin-stash/

gembitz
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October 03, 2018, 02:46:33 PM
 #16437

EXIT DUMP WEEEEEEEEE  Kiss B-CASH VISION *

#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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October 03, 2018, 02:52:21 PM
 #16438

~snip~

Let's rebrand Bitcoin Cash to Bitmain Cash. The word "bitcoin" doesn't look suitable for something so centralized. Roll Eyes

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October 03, 2018, 03:30:46 PM
 #16439

Quote

This article is 30 days old

Well Obviously.... but today I read it for the first time,
and mister Calvin Ayre posted tweet about it few days ago,
and you probably know about this 'gentelmen'.

There is only ONE  Grin
He seems to be Satoshi Visioner and ExBCasHer.










Here’s a YouTube video of a tech lawyer laying out the facts of Wright v Kleiman.

https://youtu.be/0blOkCdKAGg

Calvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him.



1. fuck bcash

2. look at dem titties on the girl on the left LORD HAVE MERCY, those need some good motorboatin' woooooo!!!  Cheesy Cool

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October 03, 2018, 05:47:31 PM
 #16440

In an alternative reality we asked Sensei 聡

- What is it that moves?

- Which BCH path should we follow?

...

"Two monks were arguing about a flag blowing in the wind.

One said: 'The flag is moving.'

The other said: 'The wind is moving.'

Master 中本 told them: 'Not the wind, not

the flag; mind is moving.'

In that instant both monks became enlightened."

- Zen Story


...

A passing Tourist thought; 'only mouth is moving.'

In that instance the entire universe imploded. - SWIM

...

Cool story bro!   Cool

Woah this guy has the oldest account that wasn't hacked and is still actively used. I think he just took a giant crap on your coin but I'm not entirely certain.
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