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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703572 times)
Noruka
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August 06, 2017, 05:51:19 PM
 #3101


Well, I guess I have nothing to add to what you said. But I honestly thought that Poloniex, for example, would get things sorted out quickly and reliably. I mean, they have quite something to lose and therefore a decent incentive to do it right.

I think Polo has a staffing issue. They either can't/wont hire the talent needed to keep up with their support tickets. They probably are also making doubly sure they implement the BCH claiming correct. One or two screw ups could cause a loss of hundreds or thousands of BTC and/or BCH.

Polo has issues alright. They are scumbag ripoff artists. They make more money stealing coins than on legit commissions.

The only exchange that's never ripped me off is bittrex but I am sure some of you have horror stories.

Anyway, bitcoin cash is a con game.

Decentralized exchanges will have a bright future. Not sure though whether high frequency trading might one day be possible on a blockchain, probably not, right?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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August 06, 2017, 05:57:43 PM
 #3102


Well, I guess I have nothing to add to what you said. But I honestly thought that Poloniex, for example, would get things sorted out quickly and reliably. I mean, they have quite something to lose and therefore a decent incentive to do it right.

I think Polo has a staffing issue. They either can't/wont hire the talent needed to keep up with their support tickets. They probably are also making doubly sure they implement the BCH claiming correct. One or two screw ups could cause a loss of hundreds or thousands of BTC and/or BCH.

Polo has issues alright. They are scumbag ripoff artists. They make more money stealing coins than on legit commissions.

The only exchange that's never ripped me off is bittrex but I am sure some of you have horror stories.

Anyway, bitcoin cash is a con game.

Decentralized exchanges will have a bright future. Not sure though whether high frequency trading might one day be possible on a blockchain, probably not, right?

Indeed they are having bright future, there are missing few features from exchanges like poloniex, bittrex , but i think soon it will get added in future
best part of Decentralized exchanges is no KYC..
lonesomestranger
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August 06, 2017, 06:12:15 PM
 #3103

what is happening with BCC is almost the same tactic with Zcash, the difference is zcash was worse and when it reached .024 i bought alot of zcash but people here was still saying it will die and must reach first 10 usd or even lower, like they do now with bcc, i was then beginner and sold mine when it reached 30usd.. after monthes zcash reached 400usd +, did the same with eth, dash..

so whatever price bcc has, it will pump anytime..whales who buy these prices are not so stupid or angels that spread their money.. one day they will credit 2x or 3x at least...remember eth was 7 usd one year ago and reached 450usd, almost 64x

btc itself was considered a scam at its beginning

I tottaly agree with you, BCH will recover dispite all haters. By the time they were dumping the coin, some others were buying, and I dont think that all that buyers are just willing to throw their money.

No it won't. It is going below $100. This is a colossal fail.

Coinbase ripped off it customers by cashing in the bitcoin cash at a max profit, only to release at a later date when it's worth shit.

This was a scam coin to line the pockets of the rich.

Anyone who does not see the scam that unfolded here is as blind as a bat.



The miners, the ones that really count, will go for short term profit. Once the BCH blockchain's difficulty is being adjusted you will see more miners adopting BCH.

Glok17
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August 06, 2017, 06:19:34 PM
 #3104

Next stop is 0.04 or 0.1? Big BTC holders will decide BCH's faith, I'm sure Smiley

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bones261
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August 06, 2017, 06:21:32 PM
Last edit: August 06, 2017, 06:43:32 PM by bones261
 #3105


Decentralized exchanges will have a bright future. Not sure though whether high frequency trading might one day be possible on a blockchain, probably not, right?

Decentralized, on chain and fast? Not until we can deploy networks that use entangled particles to transmit data faster than light. Such a network probably is not possible for quite some time, though. (Which would make cloud storage decentralized and trivial as well.)
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August 06, 2017, 06:37:53 PM
 #3106


Well, I guess I have nothing to add to what you said. But I honestly thought that Poloniex, for example, would get things sorted out quickly and reliably. I mean, they have quite something to lose and therefore a decent incentive to do it right.

I think Polo has a staffing issue. They either can't/wont hire the talent needed to keep up with their support tickets. They probably are also making doubly sure they implement the BCH claiming correct. One or two screw ups could cause a loss of hundreds or thousands of BTC and/or BCH.

Polo has issues alright. They are scumbag ripoff artists. They make more money stealing coins than on legit commissions.

The only exchange that's never ripped me off is bittrex but I am sure some of you have horror stories.

Anyway, bitcoin cash is a con game.

Decentralized exchanges will have a bright future. Not sure though whether high frequency trading might one day be possible on a blockchain, probably not, right?

Indeed they are having bright future, there are missing few features from exchanges like poloniex, bittrex , but i think soon it will get added in future
best part of Decentralized exchanges is no KYC..
But how to create a Decentralized exchanges with cryptocurrency??? If as my think we will trading with transaction on blockchain and not use database of exchange website provide, but remember when do that our order not instantly and easy make congested blockchain.
pdpanzer
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August 06, 2017, 07:12:07 PM
 #3107

A mere 6 days later and my first BCH coin (or BCC, whatever)is available on exchange! WOO HOO!
Well seeing how its free crypto maybe I'll buy the latest flavored
convoluted ico scammy-ass shitcoin token just for a shiggle.
Speaking of which.. cant wait for the Bruce Wanker Bitcoin Cash video...
coming soon !  Grin

oh sweet jeebus ..i love crypto in my old age!!

Sell it, quickly. we'll be glad to pick what you drop.
Freaks
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August 06, 2017, 07:19:06 PM
 #3108

A mere 6 days later and my first BCH coin (or BCC, whatever)is available on exchange! WOO HOO!
Well seeing how its free crypto maybe I'll buy the latest flavored
convoluted ico scammy-ass shitcoin token just for a shiggle.
Speaking of which.. cant wait for the Bruce Wanker Bitcoin Cash video...
coming soon !  Grin

oh sweet jeebus ..i love crypto in my old age!!

Sell it, quickly. we'll be glad to pick what you drop.

I also think that is nice choice to buy this coin at this price almost a week left when this market will be open at Polo. I think it will increase up to 2x from the current one.
bones261
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August 06, 2017, 07:30:03 PM
 #3109

A mere 6 days later and my first BCH coin (or BCC, whatever)is available on exchange! WOO HOO!
Well seeing how its free crypto maybe I'll buy the latest flavored
convoluted ico scammy-ass shitcoin token just for a shiggle.
Speaking of which.. cant wait for the Bruce Wanker Bitcoin Cash video...
coming soon !  Grin

oh sweet jeebus ..i love crypto in my old age!!

Sell it, quickly. we'll be glad to pick what you drop.

I also think that is nice choice to buy this coin at this price almost a week left when this market will be open at Polo. I think it will increase up to 2x from the current one.

The problem with Polo opening a market is they will concurrently be releasing a large supply of BCH, convenient to liquidate. I think the large increase in available supply is going to overwhelm any buy support. Furthermore, since the BHC blockchain is now moving at a reasonable pace, I'm sure the massive supply will move quickly to other exchanges, for people hoping to get a better price for their BCH, and attempting to arb.
COINKING84
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August 06, 2017, 07:58:17 PM
 #3110

when .50 BTC gets you 8 Bitcoin cash its time to buy it
classicsucks
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August 06, 2017, 07:58:49 PM
 #3111

Looks like my call from yesterday was right: Huge short interest on Bitfinex lowered prices quite a bit.

Notice that Bitfinex doesn't trade BCC/BTC, only BCC/ETH and BCC/USD.

Another sign they intend to lower BCC prices...

I really believe that once a company will develop a hydra wallet( a wallet that supports both bitcoin cash and bitcoin), the price will decrease dramatically, most of the people aren't selling their bitcoin cash , just for the reason they don't have the knowledge or the time to do so, because it is pretty hard to make the export and import thing.


That's an interesting idea. I suspect it's safer to just clear outstanding BCC balances and dump them to a BCC wallet, just because of the potential for confusion and/or losses. BTC and BCC address use the same format, but if you pay from one to the other, you're f*ked.

The people saying that a live-tested and monetized 8MB BTC clone with $1 billion+ market cap has no worth are out to lunch...
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August 06, 2017, 08:06:29 PM
 #3112


All the bitcoin cash bulls need to do to make Bitcoin cash mining as profitable as bitcoin is to raise the market price to .17 BTC. Come on supporters. You want to takeover? Stop being so cheap then! Roll Eyes

Needs something to fill the blocks most are under 100KB

Why do the blocks need to be filled? The meager transaction fees gained from a full block are not going to push this coin to become as profitable as BTC to mine.

They dont need to be filled but the big blockers pushed for 8M blocks and are mainly using <100K now just seems pointless

Give this network time to mature. Most of the transactions now are only people moving their coins to and from exchanges and exchanges moving coins from hot wallets to cold storage and vise versa. The problem that I see with big blocks is two fold. The first is that a full 8M block takes 8x as long to validate as a 1M block. So we will see more empty blocks being mined if the blocks get full. The second problem is if someone decides to spam the BCH network, it may take 8x bytes to start congestion problems, but then full nodes will be downloading 8M of bullshit every 10 minutes rather than 1M of bullshit every ten minutes.

LOL "downloading 8M of bullshit every 10 minutes" shouldn't be a problem unless your bitcoin node is running on dialup/ISDN or something?  Get off the Raspberry PI, and buy a cheap VPS. And if an 8MB block takes as long as a 1MB block to validate, that's BAD? That's 8 times the capacity, FFS.

Empty blocks are mined from time to time on BTC, which is a major problem because the BTC mempool has been bloated to hell due to the artificial capacity ceiling. On BCC empty blocks are not a problem, other than delaying the confirmations a bit. When the difficulty stabilizes the network will work fine.
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August 06, 2017, 08:15:07 PM
 #3113

when .50 BTC gets you 8 Bitcoin cash its time to buy it

0.0625? it's now!

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August 06, 2017, 08:21:44 PM
 #3114

when .50 BTC gets you 8 Bitcoin cash its time to buy it

0.0625? it's now!
yes my friend it seems a good time to get some bch Smiley and at bittrex there are huge whales backing up their pockets Smiley so i guess its a good time to buy some Smiley i expect 0.15 is easy.

Exchange your bitcoins to STP,PAYPAL,SKRIL,And PM.
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August 06, 2017, 08:25:50 PM
 #3115

when .50 BTC gets you 8 Bitcoin cash its time to buy it

0.0625? it's now!
yes my friend it seems a good time to get some bch Smiley and at bittrex there are huge whales backing up their pockets Smiley so i guess its a good time to buy some Smiley i expect 0.15 is easy.

When this dumping rally will get stopped than we have chance to get more high price at the moment it looking pretty hard for next rise. Poloniex also announced the date of distribution of BCH but current floor is bad to buy at cheap price.
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August 06, 2017, 08:31:18 PM
 #3116

when .50 BTC gets you 8 Bitcoin cash its time to buy it

0.0625? it's now!
yes my friend it seems a good time to get some bch Smiley and at bittrex there are huge whales backing up their pockets Smiley so i guess its a good time to buy some Smiley i expect 0.15 is easy.

When this dumping rally will get stopped than we have chance to get more high price at the moment it looking pretty hard for next rise. Poloniex also announced the date of distribution of BCH but current floor is bad to buy at cheap price.
my friend rise has already started Smiley watch out

Exchange your bitcoins to STP,PAYPAL,SKRIL,And PM.
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August 06, 2017, 08:43:17 PM
 #3117

Reviews: https://reviews.bitcoinabc.org/differential/

If you want to follow the on-going development

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Noruka
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August 06, 2017, 08:44:29 PM
 #3118


Decentralized exchanges will have a bright future. Not sure though whether high frequency trading might one day be possible on a blockchain, probably not, right?

Decentralized, on chain and fast? Not until we can deploy networks that use entangled particles to transmit data faster than light. Such a network probably is not possible for quite some time, though. (Which would make cloud storage decentralized and trivial as well.)

Well that's why I said "not sure". Though, who would have anticipated the emergence of Bitcoin except for Nakamoto himself? Things change, and often times in ways we can't predict. More often than not become those things reality that we thought could never happen.
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August 06, 2017, 08:54:01 PM
 #3119

16 to 1. How can you not go heavy in what has IMO the best chance at becoming the winning chain.

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Noruka
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August 06, 2017, 09:04:18 PM
 #3120

16 to 1. How can you not go heavy in what has IMO the best chance at becoming the winning chain.

It won't become the winning chain. What do you think when BCH surpasses Bitcoin? Let's go for a bet with escrow! Wink
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