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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 645920 times)
valthomas
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November 17, 2018, 12:56:53 AM
 #17061

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
 #17062

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
vozphongtom
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November 17, 2018, 01:34:48 AM
 #17063

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
 #17064

Is any exchange trading Bstash yet?

https://bstash.org/
jbreher
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lose: unfind ... loose: untight


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November 17, 2018, 01:58:52 AM
 #17065

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
 #17066

No sv block explorer ....no sv.

That's not the way it works.
Grin Tongue 

No sv community...no sv  Wink
 

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
presduterte
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November 17, 2018, 04:20:44 AM
Merited by cAPSLOCK (7)
 #17067

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
 #17068

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?
cAPSLOCK
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UNLEASH THE FURY!


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November 17, 2018, 06:34:17 AM
 #17069

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
 #17070

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
 #17071

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
 #17072

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.



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
Mrpumperitis
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November 17, 2018, 07:44:34 AM
 #17073

There is NO sv coin...

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
broadhurst
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November 17, 2018, 07:55:53 AM
 #17074

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
 #17075

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

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
boomboom
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November 17, 2018, 08:17:19 AM
 #17076

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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QuarkChain.io


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November 17, 2018, 08:20:16 AM
 #17077

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
 #17078

...

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.
Cryptcodin
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November 17, 2018, 10:09:56 AM
Merited by presduterte (1)
 #17079

Do some research and find another legit project heading by sane people.

Bitcoin Green ! PoS Crypto with their own DEX! https://bitgex.io

"BITGEX aims to help democratize the staking process by making it super easy for non-technical users to get started. Setting up your own staking traditionally involves an understanding of Linux, cloud server hosting, and other technical subject matter. We do all the hard work, so you don't have to!

BITGEX is designed to be a marketplace for sustainable cryptocurrencies. Proof-of-work, the technology used to secure the Bitcoin network, uses more energy than the majority of the world's countries. We believe mass adoption of proof-of-stake is the path to energy-efficiency and long-term cryptocurrency viability-and that a focused marketplace can help achieve that goal.
"

https://bitgex.io

You can also stake your coins in your wallet or at https://pool.stakinglab.io

$1.52 USD (-9.11%)
0.00023853 BTC (-8.50%)

Market Cap
$8,812,333 USD
1,387 BTC

Volume (24h)
$33,446 USD
5.26 BTC

Circulating Supply
5,812,763 BITG

Max Supply
21,000,000 BITG

Move in right before the opening of their bitgex !

This childish behaviour are not good for the crypto world ...

New people to crypto are like what the fuck ?! XD

Nothing special. Just Satoshi Nakamoto casually forecasting what a stupid idea Bcash would be in 2010...

https://old.reddit.com/r/Bitcoin/comments/9xgtua/nothing_special_just_satoshi_nakamoto_casually/

Quote from Satoshi : "If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version. If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version. This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version[...]."



Bitcoin Cash is made of egotistical demonic kids, stop following them down to the abyss.

Cringe to watch grown ups screaming just like bitcoooonnnnneeeect !

Grow up !

https://youtu.be/zLfvXtnLq8g - Bitcoin Cash Hard Fork Complete - BCHABC and BCHSV

It is a TOTAL MESS ! Crypto Robber Barons ..

Comment below we all need to look at:

" We may have no choice but a class action law suit against Craig Wright. It will take money (millions), but that's the only way to go about stopping pure self destruct insanity like this. Spark an investigation to look at what property damage he's causing everyone. He could be secretly mining ABC blocks causing long term damage to BCH-ABC let alone the obvious damage to BCH as a whole, and BTC. Pitching in for a class action is the only way to achieve common sense civil justice against Miners purposely damaging private crytpo asset property. Shadow mining is clear purposeful sabotage to other miners, infringement, property damage, etc.. Clear class action law suit territory. If cyber sabotage is actually happening the cryptosphere will lose much more by not funding a class action. Start getting signatures ASAP. If you allow 'miner sabotage' the entire crypto space will be set back years decimating values. If you take swift action you build trust rather then lose trust in a massive way. For you thinking the cryptosphere can end government on silicon powered with coal...,lol.., !@#!$? Well, don't know what to tell ya?! Get out of the clouds and operate where you are, you still need government. Government doesn’t want to help you, but attorneys wont ignore a massive class action any more then gold miners will ignore gold. It is what you do in a case like this. You absolutely can't afford not too. You have masses of people on your side. It's a disservice to your own efforts letting Satocial Retard off the hook. He needs to learn a lesson. If Satoshi is infringing, cyber sabotage, etc., he may back off if signatures start piling up. Satocial Retard needs to realize he as lots of support, he's cutting his own throat. I support SV, but cyber crime is cyber crime. Rewarding crime is very costly. Even without government society has to sow civil discord or it falls apart. This community must police itself effectively or all's lost. "

Stay away from Robber Barons like Ver and fake Satoshi.

The most cringe moments in crypto history ! no doubt !


Good luck!
asdlolciterquit
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November 17, 2018, 10:49:26 AM
 #17080

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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