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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 691932 times)
tranthidung
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May 16, 2019, 04:23:23 PM
 #18361

Such a messy chart you shown. There are bunches of lines, dozens of curves, and several figures. I don't think I like to see such chart, despite the fact that I really enjoy the bull run of both Bitcoin and, Bitcoin Cash. The point is such the chart as of Bitcoin Cash is very common in crypto during those days, when most of coins have taken off from their bottoms, and made U-chart patterns.





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May 17, 2019, 05:54:05 AM
 #18362

It's been a while since we saw Bitcoin Cash price above $400. Looks like it's going to continue to rise, hold tight Smiley

https://coincodex.com/article/3624/bitcoin-cash-price-analysis-bch-spikes-above-400/



Whoops! If bitcoin goes up, BCH may follow. If bitcoin goes down, BCH will follow. This is how its always been. This is how it always will be.





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May 17, 2019, 09:45:21 AM
 #18363

What to spend that bitcoin cash?Now you can buy this stylist bitcoin cash t-shirt and others items  at https://allforcrypto.com/shop/clothes/t-shirts/bitcoin-cash-bch-t-shirt … .Get a 10% discount token if you reweet   this https://twitter.com/allforcrypto1/status/1129316702779523074


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iCEBREAKER
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May 18, 2019, 12:27:51 PM
 #18364


How sad that Bcash wasted years on pointless vanity forks that still crash and produce nothing other than comedy for entertaining Small Block Militia partisans.


h/t https://www.reddit.com/r/Bitcoin/comments/679kg0/days_since_last_catastrophic_btu_failure/

Fighting over whether Roger's failed ragefork or Craig's failed ragefork is the one and only truly real Fake Bitcoin is beyond a joke, it's scam-ception.





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May 18, 2019, 05:14:21 PM
 #18365

It's been a while since we saw Bitcoin Cash price above $400. Looks like it's going to continue to rise, hold tight Smiley

https://coincodex.com/article/3624/bitcoin-cash-price-analysis-bch-spikes-above-400/



Whoops! If bitcoin goes up, BCH may follow. If bitcoin goes down, BCH will follow. This is how its always been. This is how it always will be.

Yep. There to much money invested in BCH to not pump when bitcoin pumps. Bitcoin Cash pump more than 400% from it's December's lows. It is a risky investment but so is everything else in crypto until regulation steps in. People are waiting for clarity from regulators before they invest hard in cryptocurrencies. And I am not only talking about institutional money. Many retail investors are watching this market in the sidelines.

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May 23, 2019, 08:39:03 PM
 #18366

Bitcoin Cash Updates: Buy&Sell BCH In US Malls, Plus Cannabis Industry Collaboration Announced By Roger Ver: https://www.publish0x.com/introduction-to-cryptocurrencies/bitcoin-cash-updates-buysell-bch-in-us-malls-plus-cannabis-industry-collaboration-announced-by-roger-ver-xroddw

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
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May 23, 2019, 09:44:31 PM
 #18367

It's been a while since we saw Bitcoin Cash price above $400. Looks like it's going to continue to rise, hold tight Smiley

https://coincodex.com/article/3624/bitcoin-cash-price-analysis-bch-spikes-above-400/



Whoops! If bitcoin goes up, BCH may follow. If bitcoin goes down, BCH will follow. This is how its always been. This is how it always will be.
so everything depends on the btc price? i am a holder of bch and i am sure that BCH will touch new ATH with BTC

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alevlaslo
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May 24, 2019, 09:51:54 AM
 #18368

 do you have such a cold wallet for the phone?  Wink

https://twitter.com/simplycashapp/status/1131471152533069825

USDN staking 15% per year, x3 leverage BTC trading without risk of liquidation https://waves.exchange?ref=3P6rBkJQ25FW2yimarz7cRBgppfcc3nqvyD
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May 24, 2019, 06:22:15 PM
 #18369

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

https://twitter.com/TheCryptoconomy/status/1131962447823278080

Quote
‼️#BCH /#bcash was hit by 51% attack from just 2 miners, http://BTC.TOP  & http://BTC.com
- & no one seems to be talking about it. 🤨 Thread 👇🏻
1/  What I've gathered from loose details:First, there was an unintentional split with the recent #BCH "upgrade."

2/Since the original split in 2017, there has been a significant number of coins accidentally sent to "anyone can spend" addresses (due to tx compatibility of sigs, but no #SegWit on #BCH), or possibly they've been replayed from #Bitcoin onto the #BCH network.

3/Because of this, tons of coins (#BCH) would essentially be "up for grabs." However, devs implemented a protocol rule called CLEANSTACK, making P2SH coins unspendable.
This was to be removed with May 15 fork, basically handing the coins to miners. https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/2019-05-15-upgrade.md

4/During the unintentional fork, someone exploited a bug (details are really hard to find) to add invalid TXs to @Bitcoin_ABC's client mempool. To counter, http://BTC.TOP  mined empty blocks (the bad TXs made blocks impossible to produce) coinspice.io/news/unknown-attacker-fails-to-disrupt-bch-upgrade

5/Due to low hash rate of the network, http://BTC.TOP  actually controlled over half (~54%) of #BCH hash power. Putting them in a position to essentially dictate which blocks were accepted by the network. (we'll see the problem here in a sec) https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/

6/ In the confusion, an unknown miner (possibly the attacker, but unconfirmed) tried to snatch a bunch of P2SH/#Segwit coins.  But http://BTC.TOP  & http://BTC.COM  were expecting, and/or preparing to recover SegWit coins themselves...https://honest.cash/kiarahpromise/sigop-counting-4528

7/According to discussions, http://BTC.top  and http://BTC.com  were working with another party to recover #SegWit coins to rightful owners (exchanges and/or users).
How they sourced the rightful owners I'm not sure, but this appears to be "reddit consensus.

8/ When the unknown miner tried to take the coins themselves, http://BTC.TOP  & http://BTC.COM  saw & immediately decided to re-org & remove these TXs, in favor of their own TXs, spending the same P2SH coins, + many others.  https://honest.cash/kiarahpromise/sigop-counting-4528

9/It apparently took hours to figure out what happened as none of this was public yet. It appears the 2 miners were ready & communicating with each other directly & possibly another party (exchange or devs) for coordinating the re-org. Cant find specifics from involved parties.  https://pbs.twimg.com/media/D7WMLRhXoAAzlEd.jpg

10/So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own. Bizarrely, some are celebrating!
Some devs are quiet, but jtoomim (#BCH dev) called it “justice,” & “punishment” for “antisocial behavior.”  https://pbs.twimg.com/media/D7WM4hNXkAAfAsu.jpg
  https://pbs.twimg.com/media/D7WM5NGW0AALecm.jpg

11/One dev seems to be actually discussing how dangerous of a precedent this was & has the only write-up that I can find so far on what exactly occurred. #BCH
https://pbs.twimg.com/media/D7WNXlnW0AACJqw.jpg

12/This is what everyone warned about of endless HFs. Its an attack vector, kills Lindy effect, & has turned #BCH into a political mess where private comms control what does/doesn't get in a block. I can’t tell if no one cares, or if they just want to ignore it?

13/There are at least a few people (maybe only partially) realizing that this basically kills any perception that #BCH is "decentralized, censorship resistant money."  And leaves them to fight over whether the miners are "good guys" or "bad guys" with their actions. https://pbs.twimg.com/media/D7WOrXcWkAE2EA3.jpg

14/Very curious to see others who could dig further (& more thoroughly) into this, as details are not easy to find, & there seem to no articles about the 51% as far as I can tell. 😁
/fin
 
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May 24, 2019, 06:41:46 PM
Merited by mindrust (1)
 #18370

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

do you think anyone who populates this thread cares about stuff like that?

what i'm more interested in is what the exchanges make of it. there's got to be a point where trading profit is out gunned by the dangers of hosting coins this weak. they all seemed far too willing to adopt it. maybe they need to land themselves with a huge bill to realize they're playing with fire.

the centralization and laziness of development is gonna bite truly hard at some point.

i'm glad this coin is still going. it's like bitcoin's retard brother who's kept locked in the outhouse. you can drop in occasionally and be thankful you're not him.
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May 24, 2019, 06:49:57 PM
Merited by European Central Bank (1)
 #18371

do you think anyone who populates this thread cares about stuff like that?

what i'm more interested in is what the exchanges make of it. there's got to be a point where trading profit is out gunned by the dangers of hosting coins this weak. they all seemed far too willing to adopt it. maybe they need to land themselves with a huge bill to realize they're playing with fire.

the centralization and laziness of development is gonna bite truly hard at some point.

This is a fair point, the fact they are using Bcash in the first place is good evidence they do not care about security. It is when merchants and exchanges start to drop BCH because its too chaotic and dangerous to use that the price will start to be effected in due time.

We already see that Bcash has moved away from cumulative work determining chain consensus due to their use of developer timestamps but they still can be double spent and reorged at the chaintip causing damage. The fact they are ok with these developer checkpoints and changing the difficulty algo reflects how little they care about the whitepaper or satoshi's intentions despite their narrative.
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May 24, 2019, 07:05:37 PM
Merited by BitUsher (1)
 #18372

The fact they are ok with these developer checkpoints and changing the difficulty algo reflects how little they care about the whitepaper or satoshi's intentions despite their narrative.

i no longer understand what anyone behind it is thinking any more. it seems like a weird and stunted dead end.
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May 25, 2019, 04:02:17 AM
 #18373

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

Its an interesting development but the markets don't seem to care... Price chart continues to look like a miniature version of BTC.





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May 25, 2019, 06:27:23 AM
Last edit: May 25, 2019, 06:43:08 AM by Khaos77
 #18374

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

Its an interesting development but the markets don't seem to care... Price chart continues to look like a miniature version of BTC.

https://www.blockchain.com/en/pools

Same thing can happen to bitcoin,
it only takes 4 mining pool operators to collude and perform a 51% attack on BTC and no one cares about that either.  Tongue

Any coin the longer and more confirmations required the safer the transaction from reorg.  Smiley
 
FYI:
https://cointelegraph.com/news/two-miners-purportedly-execute-51-attack-on-bitcoin-cash-blockchain
Quote
“When the unknown miner tried to take the coins themselves, http://BTC.TOP  & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own.”

*Bitcoin Cash Recommends that people wait 6 confirmations before considering BCH transaction completed.
The above reorg was done in only 2 blocks,
therefore a doublespend was impossible unless someone was naive enough to accept.
before the required 6 confirmations.
Which is probably why no one is concerned about it, as any reorgs less than 6 blocks wont be usable as a double spend. *
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May 25, 2019, 07:21:44 AM
 #18375

There should be no compromise over security and everyone who puts his hard earned money into any project should consider these things as top priority. This micro leveled reorg opened a way for future'e events o this kind if two small pools can do this what can happen in future. All this what happened isn't theoretical talks but event that took place practically. This will alarm to those who care of their money and relaying solely on BCH.


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May 25, 2019, 09:37:52 AM
 #18376

therefore a doublespend was impossible unless someone was naive enough to accept
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May 25, 2019, 09:52:07 AM
 #18377

Same thing can happen to bitcoin,

the biggest difference is that someone would, uh, notice.
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May 25, 2019, 10:43:17 AM
 #18378

Its a bit concerning for bitcoin cash that the miners have the power to 51% attack the network so trivially. Even if they seem to have reasons, they shouldn't be able to
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May 25, 2019, 01:08:32 PM
 #18379

Its a bit concerning for bitcoin cash that the miners have the power to 51% attack the network so trivially. Even if they seem to have reasons, they shouldn't be able to

I don't really understand what exactly you expected from a shitcoin like BCH. Undecided

Same thing can happen to bitcoin,

Nope.

I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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May 25, 2019, 01:08:48 PM
 #18380

do you think anyone who populates this thread cares about stuff like that?

what i'm more interested in is what the exchanges make of it. there's got to be a point where trading profit is out gunned by the dangers of hosting coins this weak. they all seemed far too willing to adopt it. maybe they need to land themselves with a huge bill to realize they're playing with fire.

the centralization and laziness of development is gonna bite truly hard at some point.

This is a fair point, the fact they are using Bcash in the first place is good evidence they do not care about security. It is when merchants and exchanges start to drop BCH because its too chaotic and dangerous to use that the price will start to be effected in due time.

We already see that Bcash has moved away from cumulative work determining chain consensus due to their use of developer timestamps but they still can be double spent and reorged at the chaintip causing damage. The fact they are ok with these developer checkpoints and changing the difficulty algo reflects how little they care about the whitepaper or satoshi's intentions despite their narrative.

Cannot add much more, so there is only on proper way to fix that, get to the protocol description of Satoshi and use only this, that is also removing any problems we see with developer middle men or blockstreamers.


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