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

[winding-coils]

I'm not surprised that bildermoney has its hands in it... this is turning out to be one of the most fun mystery rides ever.

Buckle up

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[Mysticus]

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.

And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."

If true, that explains a lot of things!   

Thanks for sharing those links.

[matt4054]

Rick Falkvinge actually has some good points.

As I said from the start, BCash is actually a good thing in my opinion:

• It allows grassroots, all-on-chain Bitcoiners to preserve "their" coin with the same blockchain technology that has been running Bitcoin from the start, without Segwit and/or Lightning/sidechains kicking in
  
  
• It allows more institutional, industry big players to carry on with their expansion/extension plan for Bitcoin (Core). Segwit, Lightning and side chains in general are a good thing IMO, they put Bitcoin on par with Ethereum and help solve many parts of the blockchain scalability issues: no one could argue that raising the block size forever is a fix to the quadratic problem of tx verification costs, etc.

Again, and one more time, what bothers me is the name (and logo) Bitcoin Cash that I find confusing. I totally get the idea of claiming the name Bitcoin, as in "genuine" Bitcoin, for legacy and/or continuity. But for everyone that was not involved in the crypto world before August 1, the ambiguity of the names "Bitcoin (Core)" and "Bitcoin Cash" will undoubtedly be confusing at best. Both will claim to be the "original", with both being right to some extent when arguing from different perspectives.

Anyone else thinks Bitcoin Cash needs rebranding? I mean name and logo here.

[tekmobile]

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.

And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."

If true, that explains a lot of things!   

Thanks for sharing those links.

I've never read so much bullshit in my life I take it you have read the source code ? And fully understand it

[winding-coils]

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.

And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."

If true, that explains a lot of things!   

Thanks for sharing those links.

I've never read so much bullshit in my life I take it you have read the source code ? And fully understand it

Forgive my humble observations, but as staunch opposition to Bitcoin Cash (I presume) can you share with us your positions and validate those positions vs offering rebuttal without substance ad nauseam?

[Rinaze]

what is the best functional wallet for BCC?

this one for sure, bcc-wallet.btc.com also available for android and ios.

Is Btc.com planning to let the users have complete or partial private key in the future (like blockchain.info)?

[jbreher]

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.

And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."

If true, that explains a lot of things!   

Thanks for sharing those links.

I've never read so much bullshit in my life I take it you have read the source code ? And fully understand it

Forgive my humble observations, but as staunch opposition to Bitcoin Cash (I presume) can you share with us your positions and validate those positions vs offering rebuttal without substance ad nauseam?

Well, I'm even a supporter of Bitcoin Cash, but your accusations read as FUD even to me. In 'merka, patenting something comes with an inherent requirement to publicly disclose. So where is the evidence even that they have such patents, let alone evidence that they mean to use them to clamp down on bitcoin use? Even if they meant to, how could they possibly enforce it?

While I don't disagree with Falkvigne's concern (my day gig is also in developing technology standards), I have yet to see any evidence of such malfeasance.

[wiked1]

Nobody is spreading fud talking about craig wright filing for approx 400 patents.He will have to prove he is the designer/creator of those first before he gets anything patented.If he is satoshi he will have to send someone a signed message from his fat wallet too   He could also be countering blockstream position and protecting the community overall,who knows the future?I dont...I just shine shoes and follow bitcorn developments in my spare time between shining shoes.

[Grrizz]

Blockstream threatening legal action against segwit2x due to Segwit patents. All competing software now requires their consent. BCH is the only way forward. (self.btc)

submitted 11 hours ago * by livecatbounce

"decisive action against it, both technical and legal, has been prepared."

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-August/000259.html

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

...

A couple of points here;

Eric Lombrozo is not part of Blockstream.

Blockstream offer all their patents under the Defensive Patent Licence v1.1.

The threat Eric is making is only if they refuse to implement replay protection not because they want to fork to Segwit2x.

So far I haven't seen any patents pertaining to Segwit only one regarding sidechains (which again is covered by the DPL) and as far as I can tell is still pending and only registered in the US.

[European Central Bank]

"Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place":

https://falkvinge.net/2017/05/01/blockstream-patents-segwit-makes-pieces-fall-place/

"The owners of Blockstream are the classic financial institutions, specifically AXA, that have everything to lose from cryptocurrency gaining ground.

And they have bought (“invested in”) a company, which has an opportunity to get patents into the bitcoin blockchain, thereby being able to either outright ban people from using it, or collect a heavy rent from anybody and everybody who uses it."

If true, that explains a lot of things!   

Thanks for sharing those links.

any company in the whole freaking world that turns over more than $250 can probably be labelled illuminati if you make enough dumb leaps of logic.

[vortexz]

does mining rate & difficulty will have huge impact on BCC price?

[x2666]

Nobody is spreading fud talking about craig wright filing for approx 400 patents.He will have to prove he is the designer/creator of those first before he gets anything patented.If he is satoshi he will have to send someone a signed message from his fat wallet too   He could also be countering blockstream position and protecting the community overall,who knows the future?I dont...I just shine shoes and follow bitcorn developments in my spare time between shining shoes.

My inclination on Craig Wright is to believe him. I understand why he would choose to refuse proof to the masses of idiots looking for a leader to worship. I think it makes sense that if Nakamoto were to argue his ideas in public without his identity to back him people would probably attack him as has happened with Wright.

It comes down to this, if he ultimately isn't satoshi, can't prove anything, and ergo has no chance at having his patents approved, why go through all the trouble to apply for them? It just doesn't make sense. Ultimately I acknowledge that I don't know, but in truth I do want him to be the real Satoshi and I detest the idiots who are so blinded by their ideologies and preconceived notions that they attack him and refuse to consider the possibility that he is telling the truth.

[tekmobile]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force 

Easy manipulating this to their benefit and none of you seem to take issues with that ?

[winding-coils]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force 

Easy manipulating this to their benefit and none of you seem to take issues with that ?

I find it telling that this is what you offer instead of offering a position... is this the BTC sub-forum?

Have you considered that the miners perhaps could actually believe in the blockchain and can see as clearly as you have pointed out and knowing how the difficulty works are acting on their own accord, in unison, for the benefit of the chain?

Does it scare me that people who might share a vision are working towards that?  Is this your question?

[tekmobile]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force  

Easy manipulating this to their benefit and none of you seem to take issues with that ?

I find it telling that this is what you offer instead of offering a position... is this the BTC sub-forum?

Have you considered that the miners perhaps could actually believe in the blockchain and can see as clearly as you have pointed out and knowing how the difficulty works are acting on their own accord, in unison, for the benefit of the chain?

Does it scare me that people who might share a vision are working towards that?  Is this your question?

So every miner in the entire world all came to the same decision at the same time

What's to say the user's won't get sick of this yo-yo effect and just start dumping making this worthless and the miners just give up for good you don't know what there thinking.

How would you feel going to the bank to get some money and they turned round and said sorry we are withholding all withdrawals because the interest rates are down that's essentially what there doing holding your money because they don't want to mine just yet

[grasshpr]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force 

Easy manipulating this to their benefit and none of you seem to take issues with that ?

afaik its not really "emergency difficulty adjustment" but more "emergency difficulty decrease" ie there is no "emergency difficulty increase"
difficulty will now start dropping and when miners come back they will run with the then too low difficulty for the next almost 2000 blocks until normal diff adjustment
its funny how only now I realized what they have created - its an automatic btc attack machine since they are basically sharing the same miners. I think viabtc already offers automatic chain switch?
now if I want to actually use bch to transact should I mark days on calendar when it actually works lol

[winding-coils]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force  

Easy manipulating this to their benefit and none of you seem to take issues with that ?

I find it telling that this is what you offer instead of offering a position... is this the BTC sub-forum?

Have you considered that the miners perhaps could actually believe in the blockchain and can see as clearly as you have pointed out and knowing how the difficulty works are acting on their own accord, in unison, for the benefit of the chain?

Does it scare me that people who might share a vision are working towards that?  Is this your question?

So every miner in the entire world all came to the same decision at the same time

What's to say the user's won't get sick of this yo-yo effect and just start dumping making this worthless and the miners just give up for good you don't know what there thinking.

How would you feel going to the bank to get some money and they turned round and said sorry we are withholding all withdrawals because the interest rates are down that's essentially what there doing holding your money because they don't want to mine just yet

That is one way to see it.

[winding-coils]

Don't you find it funny how all the miners (unknown, BTC.com, Antpool, ViaBTC) have all abandoned mining this at the same time it was as if Jihan Wu has handed out orders for all his hashing power to cease until the emergency difficulty adjustment comes into force  

Easy manipulating this to their benefit and none of you seem to take issues with that ?

afaik its not really "emergency difficulty adjustment" but more "emergency difficulty decrease" ie there is no "emergency difficulty increase"
difficulty will now start dropping and when miners come back they will run with the then too low difficulty for the next almost 2000 blocks until normal diff adjustment
its funny how only now I realized what they have created - its an automatic btc attack machine since they are basically sharing the same miners. I think viabtc already offers automatic chain switch?
now if I want to actually use bch to transact should I mark days on calendar when it actually works lol

Craig said he would create the pool, this is a field of dreams scenario, they built it (BCC), core said it would break (hasn't yet), and here they(miners) come.

[Mrpumperitis]

12 more hours before SHTF for segwitcoin 

[tekmobile]

12 more hours before SHTF for segwitcoin 

Why 12 Hours ?