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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 695326 times)
valthomas
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November 17, 2018, 12:56:53 AM
 #17001

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

when i look at this situation i believe craig is right and why he is protecting the bitcoin core original hell will break lose for bitcoin and if sv is the answer it will take over
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Davidbike1
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November 17, 2018, 01:21:28 AM
 #17002

Bch abc has generally been dropping about everyday except yesterday Sad.  And bch sv has been one of the most wreckless volatile thing dropping 50% on day 2 then 2 days later it is 4x higher then drops 60% the next day and then goes up about 40%.  I am not sure, is this some kind of game to see which team can mine the most coins
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November 17, 2018, 01:34:48 AM
 #17003

Bch abc has generally been dropping about everyday except yesterday Sad.  And bch sv has been one of the most wreckless volatile thing dropping 50% on day 2 then 2 days later it is 4x higher then drops 60% the next day and then goes up about 40%.  I am not sure, is this some kind of game to see which team can mine the most coins

i still holding bitcoin cash original , bch sv or bch abc price is cheap and  they have been listed on some exchange

BCH $387,18 USD (-8,10%) 0,06966827 BTC (-7,14%)
Bitcoin Cash SV [IOU] (BCHSV) $129,41 USD (40,96%) 0,02328643 BTC (42,43%)
Bitcoin Cash ABC [IOU] (BCHABC) $257,42 USD (-12,87%) 0,04631873 BTC (-11,96%)
boomboom
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November 17, 2018, 01:43:40 AM
Last edit: November 17, 2018, 02:18:54 AM by boomboom
 #17004

Is any exchange trading Bstash yet?

https://bstash.org/
jbreher
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November 17, 2018, 01:58:52 AM
 #17005

No sv block explorer ....no sv.

That's not the way it works.

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.
Mrpumperitis
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November 17, 2018, 02:15:43 AM
 #17006

No sv block explorer ....no sv.

That's not the way it works.
Grin Tongue 

No sv community...no sv  Wink
 
presduterte
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November 17, 2018, 04:20:44 AM
Merited by cAPSLOCK (7)
 #17007

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

You must be new to blockchains, let me simplify it for you. The hash war is not over until one side quits, the longest chain wins buddy. Just because ABC got a burst of hashrate from roger switching his btc mining pool to bch, doesnt mean they will sustain that hash rate in the long run. It cost him a fuck load of money to do that

You seem to be even newer to blockchains. The "hash war" IS over. There are now 2 non-compatible chains that will be in existence for as long as people keep mining on them. The war is over because ABC won the the support of the community and the industry. You really think people are going to actually use SV for anything other than to flex their ego at this point? Especially after CSW's temper tantrums and demonstrations of lunacy? If so, you're clearly delusional. People were already barely using BCH; this latest stunt just insured the further irrelevance of both sides.
Gireesh.giri
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November 17, 2018, 05:58:48 AM
 #17008

Does anyone have accurate information when we can start trading it on Bittrex. I have balance but Coin does not appears when you type BCC in search box. I presume first lucky man will sell it 1/1.This could be really something. Can someone give us comparison BTC/BCC hashrate?
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November 17, 2018, 06:34:17 AM
 #17009

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

No, you didn't. 

You left out the fact that the price also naturally rises to make the block reward profitable.  We've already seen that happen twice as block rewards have halved.
Hammonds
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November 17, 2018, 06:42:43 AM
 #17010

Bch abc has generally been dropping about everyday except yesterday Sad.  And bch sv has been one of the most wreckless volatile thing dropping 50% on day 2 then 2 days later it is 4x higher then drops 60% the next day and then goes up about 40%.  I am not sure, is this some kind of game to see which team can mine the most coins
And these two coins clash with each other in Tweeter.
I don't know why this coin is so good and it is the choice of many others.

If there are often conflicts, why should we choose the coin?
Is it safe for traders?  Huh Huh Huh
Is Oprah Fuckable?
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November 17, 2018, 07:05:44 AM
 #17011

Is any exchange trading Bstash yet?

https://bstash.org/


wtf, bstash is a BCH fork with replay protection & merged mining .... why aren't the masses of undecided jumping on bstash ?
Mrpumperitis
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November 17, 2018, 07:43:27 AM
 #17012

If you still have sv, get out of asap

https://www.reddit.com/r/btc/comments/9xswvm/bchsv_now_has_over_50_network_hashrate/
tcrypt
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The public SV chain vs the public ABC chain has nothing to do with checkpoints. The SV chain is incompatible with ABC rules and no matter how much work they have their chain won't be valid for ABC nodes. Checkpoints only matter if there is a hidden chain building a reorg attack against the ABC chain.

If SV is ahead of ABC by 10 blocks it affects nothing. For one, cumulative work matters not block height and secondly even if SV was close to overtaking ABC by work (and they're not close at all) it wouldn't matter to ABC clients because they don't see that chain as valid. Same reason they don't follow the BTC chain.


Mrpumperitis
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November 17, 2018, 07:44:34 AM
 #17013

There is NO sv coin...
broadhurst
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November 17, 2018, 07:55:53 AM
 #17014

There is NO sv coin...There is no BCH coin.. these Jackass's have forked themselves up their own backsides.. anybody who held BCH through this debacle is regretting it..
Mrpumperitis
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November 17, 2018, 08:04:03 AM
 #17015

There is NO sv coin...There is no BCH coin.. these Jackass's have forked themselves up their own backsides.. anybody who held BCH through this debacle is regretting it..
great time to buy BCH now, coreans have waited a long time for $250 BCH  Wink
boomboom
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November 17, 2018, 08:17:19 AM
 #17016

Is any exchange trading Bstash yet?

https://bstash.org/


wtf, bstash is a BCH fork with replay protection & merged mining .... why aren't the masses of undecided jumping on bstash ?

Looks like Bstash is the best of ABC & SV, back to the Bitcoin whitepaper but without wormhole tokens, and community based without billionaires (on both sides) telling everyone what to do.

I would prefer using komodo delayed proof of work, dPoW , over merged mining though, dPoW periodically notarizes to bitcoin, so after about 20 blocks the notarized blockchain ends up effectively having bitcoin level PoW securing it. If only ABC devs read more widely they could have added dPoW to their chain for about 500 USD per year, and avoided 'checkpoints'

Bstash could do ok, need to know more about the devs, what skill level, and how committed.
testadimerlo
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November 17, 2018, 08:20:16 AM
 #17017

There is NO sv coin...There is no BCH coin.. these Jackass's have forked themselves up their own backsides.. anybody who held BCH through this debacle is regretting it..
great time to buy BCH now, coreans have waited a long time for $250 BCH  Wink


theoretically you're right, in practice I'm quite confused because of the heavy losses of the last days. We'll see.
jbreher
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November 17, 2018, 09:02:22 AM
 #17018

...

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.
asdlolciterquit
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November 17, 2018, 10:49:26 AM
 #17019

Sorry maybe i will make a question that has been asked yet: if i have my bch in my trezor, after the fork i will have both of the forked coins?

https://blog.trezor.io/bitcoin-cash-november-2018-hard-fork-advisory-ee2a444f5a21
I still do not understand, you can say more clearly. I have 100 BCH in Trezor purse. After falling 3, what will I get?


if i've understood well the previous kind replies, you will have, after the fork, 100 BCH abc and 100 BCH BSV (Bitcoin Satoshi's Vision)
Anyway, too many fork in my hopinion Sad

This is part that I am not certain about, if he/she has before the fork 100 bch then after the fork would he have 100 bchabc, 100 bchsv and 100 bch or would he have just 100 bchabc and 100 bchsv and bch no longer exists.

mmmm, no, you will have "only" two coins. The original bch will become 100 bch ABC.  It's like what happened when btc forks and bch has born..
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November 17, 2018, 01:27:16 PM
 #17020

Bittrex-> BCH = ABC
Kraken-> BCH = ABC

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