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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 648876 times)
alevlaslo
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January 26, 2019, 02:16:16 PM
 #17961

USD price line too

if bitcoin falls to 1000, then BCH will not fall lower than now

ETH may drop to $ 10, LTC to $ 4, but BCH may not fall below $ 75 because nobody bought it cheaper



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alevlaslo
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January 26, 2019, 02:24:06 PM
 #17962

Toomim’s analysis further explains that if each transaction was around 400 bytes and the block was 500MB, it could be encoded into 1.9MB of data or a “99.618% reduction in size.” Interestingly, the Bitcoin Core (BTC) and Bitcoin Satoshi’s Vision (BSV) networks cannot utilize the Xthinner concept. Toomim explained that both protocols would need to upgrade in order to reap the protocol’s compression benefits. “BTC also lacks CTOR/LTOR, which means [it] won’t work as well and would require substantial modifications to work at all,” Toomim remarked on the forum. The BSV network does not have lexicographic transaction ordering capabilities either, making Xthinner unobtainable to BSV developers. https://news.bitcoin.com/bch-developer-unveils-xthinner-scaling-protocol-claims-to-compress-blocks-by-99/
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January 26, 2019, 02:39:33 PM
 #17963

Toomim’s analysis further explains that if each transaction was around 400 bytes and the block was 500MB, it could be encoded into 1.9MB of data or a “99.618% reduction in size.” Interestingly, the Bitcoin Core (BTC) and Bitcoin Satoshi’s Vision (BSV) networks cannot utilize the Xthinner concept. Toomim explained that both protocols would need to upgrade in order to reap the protocol’s compression benefits. “BTC also lacks CTOR/LTOR, which means [it] won’t work as well and would require substantial modifications to work at all,” Toomim remarked on the forum. The BSV network does not have lexicographic transaction ordering capabilities either, making Xthinner unobtainable to BSV developers. https://news.bitcoin.com/bch-developer-unveils-xthinner-scaling-protocol-claims-to-compress-blocks-by-99/

um good lol.  

devs lol.

     they act like CTOR is an upgrade.  it isn't.  And it is only part of a bigger plan to f*** BCH in the same way BTC got f***'d.  Highly interconnected mesh?  sorry that is not BitCoin.

BSV is removing the stuff these idiot devs added in what amounts to crimes against humanity.  So glad all you ponzi idiots and dev worshipers are gone to some altcoin.  

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January 26, 2019, 02:49:05 PM
 #17964

USD price line too

if bitcoin falls to 1000, then BCH will not fall lower than now

ETH may drop to $ 10, LTC to $ 4, but BCH may not fall below $ 75 because nobody bought it cheaper





So you are saying that the people whom bought BCH at 75 usd are too stupid to sell when the price drops lower than 75??  Wow great fundamentals your coin has.  Yeah it is true that when people find they have been scammed they dig in further to ignore reality...  I am just kinda shocked to hear you claim that as an algo for your coin.  You realize you literally just admitted in a backhanded way that BCH is backed by nothing other than scamming right?

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January 26, 2019, 09:30:46 PM
 #17965

https://live.keyport.tv/

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January 26, 2019, 11:45:54 PM
Merited by nutildah (1)
 #17966


Will Bitmain continue propping up Bcash?  Do the small fry bag holders regret not selling before the fork ?  Are Bcash and SVcash cancelling each other out and having a race to the bottom? Is Satoshi shaking his head and saying to himself "these guys are obsessed with my white paper, they need medical help"

These are the questions that must be asked. 
alevlaslo
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January 27, 2019, 06:55:19 AM
 #17967

Toomim’s analysis further explains that if each transaction was around 400 bytes and the block was 500MB, it could be encoded into 1.9MB of data or a “99.618% reduction in size.” Interestingly, the Bitcoin Core (BTC) and Bitcoin Satoshi’s Vision (BSV) networks cannot utilize the Xthinner concept. Toomim explained that both protocols would need to upgrade in order to reap the protocol’s compression benefits. “BTC also lacks CTOR/LTOR, which means [it] won’t work as well and would require substantial modifications to work at all,” Toomim remarked on the forum. The BSV network does not have lexicographic transaction ordering capabilities either, making Xthinner unobtainable to BSV developers. https://news.bitcoin.com/bch-developer-unveils-xthinner-scaling-protocol-claims-to-compress-blocks-by-99/

um good lol.  

devs lol.

     they act like CTOR is an upgrade.  it isn't.  And it is only part of a bigger plan to f*** BCH in the same way BTC got f***'d.  Highly interconnected mesh?  sorry that is not BitCoin.

BSV is removing the stuff these idiot devs added in what amounts to crimes against humanity.  So glad all you ponzi idiots and dev worshipers are gone to some altcoin.  

https://bitcointalk.org/index.php?topic=178336.msg49443840#msg49443840
Bitbobb
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January 27, 2019, 03:44:07 PM
 #17968


Will Bitmain continue propping up Bcash?  Do the small fry bag holders regret not selling before the fork ?  Are Bcash and SVcash cancelling each other out and having a race to the bottom? Is Satoshi shaking his head and saying to himself "these guys are obsessed with my white paper, they need medical help"

These are the questions that must be asked. 

the only group following the whitepaper is the BSV coin

nutildah
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January 27, 2019, 03:49:14 PM
 #17969


Will Bitmain continue propping up Bcash?  Do the small fry bag holders regret not selling before the fork ?  Are Bcash and SVcash cancelling each other out and having a race to the bottom? Is Satoshi shaking his head and saying to himself "these guys are obsessed with my white paper, they need medical help"

These are the questions that must be asked. 

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

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jbreher
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January 27, 2019, 08:51:52 PM
Merited by Bitbobb (2), vapourminer (1)
 #17970

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

If for no other reason, because the experiment as satoshi originally envisioned it is worth carrying to logical conclusion.

Look at it from this angle for a moment: Satoshi's original invention, aligning the best interests of the individual with the best interests of the system as a whole, unleashed this entire ecosystem. In the design of Bitcoin, he/she/they accomplished what all of humanity had previously been unable to do.

I really don't have a strong aversion to carrying out multiple parallel experiments (that may be an egregious simplification, but the difference is nuanced and inappropriate for the scope of this reply). But should we not carry out the experiment as set forth in the design that led to this entire 'Cambrian Explosion' (there's an overused term) of innovation?

From my perspective, abandoning the experiment as envisioned by its progenitor is pure folly.

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.
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January 27, 2019, 08:58:49 PM
 #17971

But these projects are entrusted with peoples funds. Not just for trying something out.




Bitbobb
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January 27, 2019, 09:38:25 PM
 #17972

the USA is still an experiment much like the wheel.


nutildah
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January 28, 2019, 03:53:50 AM
 #17973

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

If for no other reason, because the experiment as satoshi originally envisioned it is worth carrying to logical conclusion.

Look at it from this angle for a moment: Satoshi's original invention, aligning the best interests of the individual with the best interests of the system as a whole, unleashed this entire ecosystem. In the design of Bitcoin, he/she/they accomplished what all of humanity had previously been unable to do.

I really don't have a strong aversion to carrying out multiple parallel experiments (that may be an egregious simplification, but the difference is nuanced and inappropriate for the scope of this reply). But should we not carry out the experiment as set forth in the design that led to this entire 'Cambrian Explosion' (there's an overused term) of innovation?

From my perspective, abandoning the experiment as envisioned by its progenitor is pure folly.

Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

I'm just saying the general public - the market that both BCH and SV are trying to penetrate - don't care about what the whitepaper says. They in large don't even want bitcoin at all. However, BTC has always led the pack and all altcoins have been largely dependent on its success -- this dynamic is unlikely to change in the near future (2-5 years).

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jbreher
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January 28, 2019, 08:04:03 AM
 #17974

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

If for no other reason, because the experiment as satoshi originally envisioned it is worth carrying to logical conclusion.

Look at it from this angle for a moment: Satoshi's original invention, aligning the best interests of the individual with the best interests of the system as a whole, unleashed this entire ecosystem. In the design of Bitcoin, he/she/they accomplished what all of humanity had previously been unable to do.

I really don't have a strong aversion to carrying out multiple parallel experiments (that may be an egregious simplification, but the difference is nuanced and inappropriate for the scope of this reply). But should we not carry out the experiment as set forth in the design that led to this entire 'Cambrian Explosion' (there's an overused term) of innovation?

From my perspective, abandoning the experiment as envisioned by its progenitor is pure folly.

Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

No. Satoshi's Bitcoin did not include the abomination we call SegWit.

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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January 28, 2019, 08:20:39 AM
 #17975

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

If for no other reason, because the experiment as satoshi originally envisioned it is worth carrying to logical conclusion.

Look at it from this angle for a moment: Satoshi's original invention, aligning the best interests of the individual with the best interests of the system as a whole, unleashed this entire ecosystem. In the design of Bitcoin, he/she/they accomplished what all of humanity had previously been unable to do.

I really don't have a strong aversion to carrying out multiple parallel experiments (that may be an egregious simplification, but the difference is nuanced and inappropriate for the scope of this reply). But should we not carry out the experiment as set forth in the design that led to this entire 'Cambrian Explosion' (there's an overused term) of innovation?

From my perspective, abandoning the experiment as envisioned by its progenitor is pure folly.

Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

No. Satoshi's Bitcoin did not include the abomination we call SegWit.

... ant Ctor, and DSV,  ... whatever hole ABC loves to add to protocol / allow / change original econimicsto stifle the on-chain scaling ... 

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - 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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January 28, 2019, 08:30:57 AM
Merited by Bitbobb (2)
 #17976


Will Bitmain continue propping up Bcash?  Do the small fry bag holders regret not selling before the fork ?  Are Bcash and SVcash cancelling each other out and having a race to the bottom? Is Satoshi shaking his head and saying to himself "these guys are obsessed with my white paper, they need medical help"

These are the questions that must be asked.  

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

The general public should not, exactly as we do not care about smtp - but this is because it does not change and is on topic / purpose -

A protocol MUST be stable and simple (= scalable)  and clear to be 'ignored by public'
-> Industry / cyber risk whatch dogs take care .  There you 'll get the mass adoption - ONLY that way.

The white paper is the guide for the paper dogs do check if the protocol is doing what it should.

The tech impl must be to spec - or rekt

Bitcoin has two layers: Econimics AND tech -  if u fiddle with the tech and do not understand the dependencies up-hill -> you ll risk the entire eco system (and create an ALT coin like SegwitCoin). But do not sell that as Bitcoin.




Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - 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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January 28, 2019, 08:34:27 AM
 #17977

the only group following the whitepaper is the BSV coin

Why do you think the general public cares about what's in the whitepaper? I'm genuinely curious. Seems like its just a talking point without substance or relevance.

If for no other reason, because the experiment as satoshi originally envisioned it is worth carrying to logical conclusion.

Look at it from this angle for a moment: Satoshi's original invention, aligning the best interests of the individual with the best interests of the system as a whole, unleashed this entire ecosystem. In the design of Bitcoin, he/she/they accomplished what all of humanity had previously been unable to do.

I really don't have a strong aversion to carrying out multiple parallel experiments (that may be an egregious simplification, but the difference is nuanced and inappropriate for the scope of this reply). But should we not carry out the experiment as set forth in the design that led to this entire 'Cambrian Explosion' (there's an overused term) of innovation?

From my perspective, abandoning the experiment as envisioned by its progenitor is pure folly.

Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

No. Satoshi's Bitcoin did not include the abomination we call SegWit.

... ant Ctor, and DSV, 

tru dat

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.
nutildah
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January 28, 2019, 09:45:13 AM
 #17978


Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

No. Satoshi's Bitcoin did not include the abomination we call SegWit.

... ant Ctor, and DSV, 

tru dat

You guys are missing the point. The general public, which your fork of a fork is trying to appeal to, don't care about what was in the original white paper. It's a talking point aimed at crypto enthusiasts who might be on the fence, and are easily manipulated. The average world citizen doesn't care about your interpretation of the white paper, they just want a product that works and is usable.

Technologies advance, adopt, evolve. Hence, SegWit and LN. Bitcoin Cash has big blocks yet far less transactions per day than BTC, and SV has even bigger blocks and even fewer transactions. You can continue to think, "yeah, well, that will change in the future." But I just don't see that happening. More likely BTC will just continue to evolve to meet user demand and its knockoffs will continue to flounder.

███████████
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January 28, 2019, 11:05:41 AM
Merited by Bitbobb (2), vapourminer (1)
 #17979


Its quickly abandoning itself. We already have a bitcoin, its called bitcoin, and its doing just fine.

No. Satoshi's Bitcoin did not include the abomination we call SegWit.

... ant Ctor, and DSV,  

tru dat

You guys are missing the point. The general public, which your fork of a fork is trying to appeal to, don't care about what was in the original white paper. It's a talking point aimed at crypto enthusiasts who might be on the fence, and are easily manipulated. The average world citizen doesn't care about your interpretation of the white paper, they just want a product that works and is usable.

Technologies advance, adopt, evolve. Hence, SegWit and LN. Bitcoin Cash has big blocks yet far less transactions per day than BTC, and SV has even bigger blocks and even fewer transactions. You can continue to think, "yeah, well, that will change in the future." But I just don't see that happening. More likely BTC will just continue to evolve to meet user demand and its knockoffs will continue to flounder.

the Bitcoin whitepaper proposes a specific economicmic model that does not parallel with the lightning network as you can see if you read the first page of the whitepaper. The lightning network is literally, an off chain solution that has nothing to do with hash power. Hash power is what backs the bitcoin economy, lightning network takes that away by proposing ‘2nd layer’ (a dummy name for third party) solutions.

We are talking about two completely different experiments here.

So for some, what ‘constitutes’ bitcoin is a document, not a ticker symbol ruled by the likes of a third party exchange.

Worried about my trust rating? I am too. Bitcointalk user ‘Lauda’ has abused the trust system. Please refer to Lauda’s other reviews and my posts prior to make educated judgements. Thank you.
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January 28, 2019, 11:13:22 AM
 #17980

the Bitcoin whitepaper proposes a specific economicmic model that does not parallel with the lightning network as you can see if you read the first page of the whitepaper. The lightning network is literally, an off chain solution that has nothing to do with hash power. Hash power is what backs the bitcoin economy, lightning network takes that away by proposing ‘2nd layer’ (a dummy name for third party) solutions.

We are talking about two completely different experiments here.

Lightning Network isn't a "3rd party"; its an independent network of people who voluntarily agree to participate in it, for very little (if any) compensation. Yes, its an off-chain solution, and if it helps make bitcoin more usable then so be it. Nobody cares about rules you are arbitrarily imposing on the Bitcoin Network.

So for some, what ‘constitutes’ bitcoin is a document, not a ticker symbol ruled by the likes of a third party exchange.

Yes, and they are all already invested in BCH and SV.

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