[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees

[tekmobile]

I don't know how many people saw Jihan Wu's yesterday's tweet where he clearly says Bitcoin Cash is not Bitcoin. Bitcoin Cash is bitcoin cash. It is clearly an altcoin though it is more profitable to mine at the moment than Bitcoin. I think propaganda to say it is according to original idea should be stopped and should promote it as it is under its own label.

The profitability will change maybe tomorrow or the day after when the difficulty adjusts up A LOT currently creating blocks 3-5 times faster than it should due to heavy manipulation from the one dominant miner

[1714221030]

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[tekmobile]

Bcash exists only for 1 reason, to protect companies like bitpay

1-Roger invested so much in bitpay and LN will make bitpay obsolete because every bitcoin accepting company out there will be setting their own payment channels via Lightning Network. That's why Roger wants to destroy bitcoin and promote bcash instead.

2-Jihan invested so much in ASIC miners and patented ASICBOOST to have a sure advantage over the other companies and Segwit kills ASICBOOST.

So in reality, those 2 are highly malicious to bitcoin and they are stealing from us. Segwit/LN solves the problems those 2 scam artists have been exploiting. That's why they are crying out loud.

you clearly seem confused...maybe to much rust in your mind lol
so what if both of these guys are in bcc , they have always been in btc and lowering fees doesnt help bitpay does it?

can you tell us the pros & cons of segwitcoin?
all i see is a 3rd party that will be the ones stealing from us all, miners,traders,exchanges,investors
 the 3rd party will have the power to control all wallets (would you pay $10 for a segwitcoin wallet in the future...rising every yr)
control tx fees..are you happy about the extremley high fees already that will only go higher..pricing out millions of users from using bitcoin
control all exchanges wallets...charge exchanges to use bitcoin wallets
control the flow of TXs, cut out wallet, ban wallets, ban countries using the network...
shareholders and company overheads will be paid from the bitcoin network....
+ much more
and you support this?!!!!!!
am i wrong?

You know you dont have to use a segwit address your old privkey wallet will carry on working as normal and can still hold over 90% of your BTC that you are not using safe and secure as of day one and you can use a setwit enabled address for more frequent use that will use up a fraction of block space and be cheaper to use.

Just because its there does not automatically mean every transaction becomes a segwit one the same with lightning network just because its there does not mean you have to use it the choice is yours.

For the bulk of your BTC I will always recommend keeping it in a privkey address but its nice to have the options to use cheaper segwit addresses for frequent use and LN for instant confirmation when needed

I don't keep more than 1 BTC in a single privkey wallet I mine on nicehash to their wallet and cash out every so often plus buy a bit every month and once I fill a wallet to around 1 BTC I just start with a new one these will still be stored on the blockchain in the old format prior to segwit now and in the future nothing will change in that respect

[Mrpumperitis]

you missed the whole point of what im saying...as usual lol...read again please

[winding-coils]

Is being cheaper to use within the scope and intent of Bitcoin? Fees are high, the team doesn't seem opposed to rising fees unless someone will offer evidence opposing?

 

I don't know how many people saw Jihan Wu's yesterday's tweet where he clearly says Bitcoin Cash is not Bitcoin. Bitcoin Cash is bitcoin cash. It is clearly an altcoin though it is more profitable to mine at the moment than Bitcoin. I think propaganda to say it is according to original idea should be stopped and should promote it as it is under its own label.

Regarding the Wu post, "America is not England. America is America. Bitcoin Cash is not Bitcoin. Bitcoin Cash is Bitcoin Cash."

I feel the intent was to convey the magnitude of the current evolution.

[Mrpumperitis]

Blockchain Overview
There have been 1369 blocks mined since the hard fork.
(1450 blocks behind the original chain)

The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.

The original chain has grown 2.41GB more than the Bitcoin Cash blockchain.

It is currently 138.4% more profitable to mine on the Bitcoin Cash blockchain.

[Jackatwo]

I am still waiting for all these so called experts that say BitCoin Cash will be only a dollar.  
it looks like I will be waiting for a long time.
actually I cannot figure out why people are so sure about what coins go up or down and really commit them selves to it, this only makes the rest of us not believe any thing that they say.

if you were one of them that said that I would definitely be walking around with my foot in my mouth now  

[Xandan]

It is extremely messy situation which is confusing people more and more. If you read arguments and points of one side seems to have weight and when you read other side comments they also seem same valid. It is better for non technical people like me to stay away from this unlimited civil war for the moment until clouds disappear and ways are clear like before.

[grasshpr]

It is extremely messy situation which is confusing people more and more. If you read arguments and points of one side seems to have weight and when you read other side comments they also seem same valid. It is better for non technical people like me to stay away from this unlimited civil war for the moment until clouds disappear and ways are clear like before.

Yes its confusing, I hedged some of my BTC to BCH because at the moment its hard to predict outcome. Technically Bitcoin Cash might even be the more elegant and simple solution, but its not only technical things that dictate the market far form that. Some coins do some things better then both BTC and BCH eg Monero is far better for privacy, LTC already had low fees etc, but most people are not selling all their BTC for them
A lot has to do with emotions and sentiment and other psychology nuances.
IMO BCH is now in waiting period will miners move to it or not and news about that will influence markets a lot. Same for Segwit activating on BTC in a few days, some people expect price increase just for that but it might not necessary happen

[estenity]

It is extremely messy situation which is confusing people more and more. If you read arguments and points of one side seems to have weight and when you read other side comments they also seem same valid. It is better for non technical people like me to stay away from this unlimited civil war for the moment until clouds disappear and ways are clear like before.

OK but you have to take a  position during waiting. ..

[tekmobile]

Blockchain Overview
There have been 1369 blocks mined since the hard fork.
(1450 blocks behind the original chain)

The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.

The original chain has grown 2.41GB more than the Bitcoin Cash blockchain.

It is currently 138.4% more profitable to mine on the Bitcoin Cash blockchain.

It is also estimated the difficulty may rise by around 300% in the next few days don't forget that bit thats unless they added another get out clause to manipulate

currently finding blocks 4 times faster than it should be so this number could be even higher ive guessed the next difficulty up adjustment to be <= 2 days

[Savik]

We're blasting through the blocks. #479808 should be here in another hour or two. Anyone have bets on what the new difficulty will adjust to?

69275432296.7 approximately.

Difficulty now 68222137509.71. I was close but no cigar. I though the biggest difficulty drop was 40%. Apparently it's not exactly 40%. I'll have to brush up on this.

You were pretty damn close!! Nicely done.

Now the difficulty has dropped, block times are really blazing, and hashrate is climbing. Time to hunt down and pass the Segwit chain!

There have been 1389 blocks mined since the hard fork.

(1436 blocks behind the original chain)

[mindrust]

am i wrong?

Anything you say is wrong. I didn't even read them.

Nobody with a right mind would support a product from a convicted criminal.

[Mrpumperitis]

am i wrong?

Anything you say is wrong. I didn't even read them.

Nobody with a right mind would support a product from a convicted criminal.

lols...is that how you debate?
is that how you learn?
is that how you gain knowledge?

your argument for segwitcoin has lost all credability, because you can only try to bash bcc/bch, actually you didnt even argue for segwetterscoin,lol
 I dont care about any hodlers of anycoins criminal convictions,lol
Just like i dont care how much fiat is in your pocket or where you got it from.

However you cannot show any reasons to support a 3rd party coin.

 YOU LOSE...GAME OVER

[roeks]

R and whale cronies pump, perception perception the ice getting thinner.

[Mrpumperitis]

http://www.newsbtc.com/2017/08/20/bitcoin-cash-hashrate-represents-nearly-10-bitcoin-network/

https://www.cnbc.com/2017/08/19/bitcoin-cash-soars-to-record-high-above-900-as-mining-profits-jump.html

https://www.coindesk.com/bitcoin-trading-sideways-bitcoin-cash-drops-800/

https://www.fxempire.com/news/article/bitcoin-cash-soaring-to-record-high-above-900-as-its-more-profitable-to-mine-than-bitcoin-430909

http://www.cityam.com/270520/bitcoin-cash-price-jumps-above-1000-stunning-rise

 

[grasshpr]

Question is is Roger and Jihan more for BCH or more against BTC current politics.

[grasshpr]

https://www.cnbc.com/2017/08/19/bitcoin-cash-soars-to-record-high-above-900-as-mining-profits-jump.html

The bitcoin cash offshoot, bitcoin cash, jumped to a record high near $1,000 Saturday in high trade volume, primarily from South Korea.

lol even journalists confused

[Mrpumperitis]

^ yea tek, just like last few weeks when you kept reminding us all, how much bcc/bch miners are losing per day by mining it from day 1  
why dont you now tell us how much they making? and segwitters are losing lol..come on m8, giveus some real current stats.

Anyways....get prepared ....mega mega green candles on the way..as word of this hits the streets around the world today  
every single crypto form of media will be buzzing about the positives about bcc and the low cost...(which wont last for long)
every fi paper, business tv, rt, max k, cnbnc,bbc and all the rest around the world will be saying...another twist in the bitcoin world ,"is bitcoin cash the real bitcoin?"...and its only $800!!!

also wait till the miners start switching for a current 3x more profit....OMG
+ a whole wave of new miners, that can now earn profit.

yea g, lol, they got alot of reading to do , to catch up lol...they prob dont even understand half the story, they should just hire a bunch of guys from here to write regular columns and pay them with crypto lol

[bones261]

I don't know how many people saw Jihan Wu's yesterday's tweet where he clearly says Bitcoin Cash is not Bitcoin. Bitcoin Cash is bitcoin cash. It is clearly an altcoin though it is more profitable to mine at the moment than Bitcoin. I think propaganda to say it is according to original idea should be stopped and should promote it as it is under its own label.

His analogy is implying that the Bitcoin Cash movement is equivalent to the American Revolutionary War.

[jaxxion]

Crashing now. I predict < $240 on monday night.  
Bitcoin is always the King. Sorry guys