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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703574 times)
Elpeor00
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August 04, 2017, 11:36:32 PM
 #2821

What the differences between Litecoin and bitcoin cash?


Litecoin is acepted by several merchants, is profitble to mine if you have the rigth hardware can confirm your transaction in 3 minutes on average, can be traded against most altcoins and several fiat currencies and have a nice comunity backing it BCASH, well...

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always being a clone and now even copying core shit, Bch has different scaling approach. Have a nice day

Last time I check useless was something you can't use, like cryptocurrency without reliable blockchains and the likes   Wink
wezzy
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August 04, 2017, 11:39:27 PM
 #2822

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.

Mrpumperitis
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August 04, 2017, 11:39:39 PM
 #2823

its around this price range , where demand takes the supply
as it drops demand just gets stronger from here

Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
ProMasterTrader
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August 04, 2017, 11:42:32 PM
 #2824

Will we see 0.05 price ?
Mrpumperitis
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August 04, 2017, 11:45:48 PM
 #2825

Will we see 0.05 price ?
i hope so, but i doubt it.
i also think theres only ever going to be around 3mill bcc available and only 30% of that will be for sale at these prices

Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
Elpeor00
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August 04, 2017, 11:49:10 PM
 #2826

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.



DASH's instasend takes 2 seconds, is it 2100 times better than BCASH ( 70 min block average)?
Mrpumperitis
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August 04, 2017, 11:52:34 PM
 #2827

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.



DASH's instasend takes 2 seconds, is it 2100 times better than BCASH ( 70 min block average)?
bcc did a fair airdrop and distributed coins as fair as they could
dash...drk... insta,cough..cough.. mine..lol...not fair distribution.

Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
cryptogaga
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August 04, 2017, 11:53:00 PM
 #2828

I always wondered how or why the block increase to 8mb in BCC/BCH would be a good thing @blueshoe?

Because Bitcoin Core 1MB was failing at keeping up with transactions and it transaction fees were skyrocketing which cause many vendors to drop it.
Just because there is a momentary lag in transaction backlog on bitcoin core, does not mean bitcoin core fixed anything.
The majority of transactions just moved to litecoin and Eth.

Bitcoin Cash is the Fix to the Core's failures and the next backlog on core, it will be apparent to all of the naysayers and core religious fanatics.
CA$H is Superior to Core and Value will reflect that within the year.
 

╥Aztek

Well if the block size increase to 8MB will enable better handling of transactions in respect to the accommodating ratio per block then i wonder why bitcoin devs refused to implement it! Its not such an easy task to knock off the king of Crypto.
But i thought the whole Segwit implementation was/is to make Bitcoin more robust though!
wezzy
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August 04, 2017, 11:53:59 PM
 #2829

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.



DASH's instasend takes 2 seconds, is it 2100 times better than BCASH ( 70 min block average)?

BCH is not the final solution, for a mainstream usage a coin like this needs a 64 mb block size at least.. all these coins are still experiments
Daedalus27
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August 04, 2017, 11:56:31 PM
 #2830

Pretty safe to say that at .45+ satoshis on Bittrex that BCC is one of the highest price traded coins next to bitcoin
wezzy
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August 04, 2017, 11:57:38 PM
 #2831

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.



DASH's instasend takes 2 seconds, is it 2100 times better than BCASH ( 70 min block average)?

And how many txs per minute your 'instasend' can handle?
Skol600ml
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August 05, 2017, 12:03:02 AM
 #2832

You guys know that 1 hour per block isn't a feature and will eventually be fixed, right? Even if takes 3 months. That is nothing for a coin's lifetime.

Some of you are pretending to be dumb, some are authentic.

 
Elpeor00
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August 05, 2017, 12:07:47 AM
 #2833

Except that litecoin has segwitt then it is a copy cat of btc and remains as useless as fuck as always, Bch has different scaling approach. Have a nice day

you might  have forgotten the 2.5 minute block time, the anti spam measures, the years of flawless operation, the widespread mining.

bcash in comparison is useless, but that won't stop the excitement for now.



Litecoin is 3x better than bitcoin due to blocktime BCH is 8 times better than bitcoin due to block size.
Litecoin is flawless because txt volume is low but capacity is lesser than BCH on chain.



DASH's instasend takes 2 seconds, is it 2100 times better than BCASH ( 70 min block average)?

And how many txs per minute your 'instasend' can handle?

Yes you are rigth, DASH blocks are just 2MB, then it is just 525 times better than BCASH, thank you!  Wink
Grrizz
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August 05, 2017, 12:10:06 AM
 #2834

I always wondered how or why the block increase to 8mb in BCC/BCH would be a good thing @blueshoe?

Because Bitcoin Core 1MB was failing at keeping up with transactions and it transaction fees were skyrocketing which cause many vendors to drop it.
Just because there is a momentary lag in transaction backlog on bitcoin core, does not mean bitcoin core fixed anything.
The majority of transactions just moved to litecoin and Eth.

Bitcoin Cash is the Fix to the Core's failures and the next backlog on core, it will be apparent to all of the naysayers and core religious fanatics.
CA$H is Superior to Core and Value will reflect that within the year.
 

╥Aztek

Well if the block size increase to 8MB will enable better handling of transactions in respect to the accommodating ratio per block then i wonder why bitcoin devs refused to implement it! Its not such an easy task to knock off the king of Crypto.
But i thought the whole Segwit implementation was/is to make Bitcoin more robust though!

I believe it has to do with the time to download, verify and construct a new block after one has been mined, with large blocks this takes longer giving the mining pool who found the last block an advantage over others because it already knows what transactions are in the current block and can move straight on to starting to mine the next. The idea behind segwit is it increases capacity of a block (on average roughly 2 times depending on the trasactions that make up the block I think) without increasing block size and in turn verification time, if I understand correctly.
noobinscrypt
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August 05, 2017, 12:15:12 AM
 #2835

Lol much rather use ltc than this sillyness. also can you believe those guys that were mining off and on trying to not let the ppl send their coins around? it prevented dumping and all the ppl that didnt have coins in bittrex or elsewhere had a hard time hehe
tekmobile
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August 05, 2017, 12:21:09 AM
 #2836

You guys know that 1 hour per block isn't a feature and will eventually be fixed, right? Even if takes 3 months. That is nothing for a coin's lifetime.

Some of you are pretending to be dumb, some are authentic.

 

Yes but it will drop to around 5% of the original chains difficulty which is very low and open to being easily attacked plus the main mining group being ViaBTC meaning there are a lot more confirmations required

As you probably know bittrex require 20 confirmations and I think one exchange is requiring 100 confirmations so even at the normal 10 min blocks payments will still be real slow to be confirmed
dfox101
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August 05, 2017, 12:28:22 AM
 #2837

so for diff we are stuck now right? will need to wait 256 or 1024 blocks to be adjusted?
bones261
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August 05, 2017, 12:39:42 AM
 #2838

so for diff we are stuck now right? will need to wait 256 or 1024 blocks to be adjusted?

These numbers where getting close to 12hrs for MTP of block 6 . Maybe some miners will back off and let some more difficulty adjustments downward happen before the regular difficulty adjustment.
tekmobile
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August 05, 2017, 12:44:23 AM
 #2839

so for diff we are stuck now right? will need to wait 256 or 1024 blocks to be adjusted?

These numbers where getting close to 12hrs for MTP of block 6 . Maybe some miners will back off and let some more difficulty adjustments downward happen before the regular difficulty adjustment.

According to here http://bch.xbt.it/?interval=120 average block time needs to be over 2 hours to recalculate which would drop it to 3.52% of the original chain
cryptogaga
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August 05, 2017, 12:46:33 AM
 #2840

I always wondered how or why the block increase to 8mb in BCC/BCH would be a good thing @blueshoe?

Because Bitcoin Core 1MB was failing at keeping up with transactions and it transaction fees were skyrocketing which cause many vendors to drop it.
Just because there is a momentary lag in transaction backlog on bitcoin core, does not mean bitcoin core fixed anything.
The majority of transactions just moved to litecoin and Eth.

Bitcoin Cash is the Fix to the Core's failures and the next backlog on core, it will be apparent to all of the naysayers and core religious fanatics.
CA$H is Superior to Core and Value will reflect that within the year.
 

╥Aztek

Well if the block size increase to 8MB will enable better handling of transactions in respect to the accommodating ratio per block then i wonder why bitcoin devs refused to implement it! Its not such an easy task to knock off the king of Crypto.
But i thought the whole Segwit implementation was/is to make Bitcoin more robust though!

I believe it has to do with the time to download, verify and construct a new block after one has been mined, with large blocks this takes longer giving the mining pool who found the last block an advantage over others because it already knows what transactions are in the current block and can move straight on to starting to mine the next. The idea behind segwit is it increases capacity of a block (on average roughly 2 times depending on the trasactions that make up the block I think) without increasing block size and in turn verification time, if I understand correctly.

 OK will be waiting to see the one with the most successful implementation to handle more transactions as more people move into Crypto.
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