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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703566 times)
Mrpumperitis
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August 24, 2017, 02:38:05 AM
 #4581


 Cool

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
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winding-coils
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August 24, 2017, 02:49:43 AM
 #4582

http://fork.lol/

Forecasts on what that ^ might look like in a month?
jbreher
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August 24, 2017, 02:55:40 AM
 #4583

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,

Just no. CSW's ability to successfully register his patents is completely orthogonal to whether or not he is satoshi. No dependency whatsoever.

No dependency whatsoever?

Just no. In a logical, just world, it is necessary. Yes, it is possible that strings could be pulled by government agencies to allow him to have the patents without proof of being Satoshi, but you know damn well in such a scenario there will be legal action against Craig and people will cry bloody murder.

Just what.... Exactly.... Do you think his patent filings cover? The fundamental underpinnings of all contemporary cryptocurrencies? Get a grip. That ship sailed years ago. You can't patent something already in the public domain.

Just no.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
x2666
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August 24, 2017, 03:10:04 AM
 #4584

Just what.... Exactly.... Do you think his patent filings cover? The fundamental underpinnings of all contemporary cryptocurrencies? Get a grip. That ship sailed years ago. You can't patent something already in the public domain.

Just no.

I don't disagree that patents won't stop the endless flow of shitcoins.

Doesn't mean people aren't trying.

BitcoinTalk is a highly censored cesspool primarily serving as a vehicle to operate scams.
Pointing out truth or straying from the promoted narrative will be met with shills spouting non sequiturs.
Trust ratings are meaningless as those who control them are not worthy of trust.
z97rx470
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August 24, 2017, 03:12:15 AM
 #4585

Segwit now active on BTC! Still 37k unconfirmed transactions though
Noruka
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August 24, 2017, 03:18:39 AM
 #4586

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

Roger Ver has deep pockets. By Monday, the next difficulty adjustment will arrive and it will be a jolt upward. If the Bitcoin Cash supporters want to keep the miners interested, they better put up the buy support. Many of these miners are going to move on if they don't see a sustained and healthy profit margin. Wu will probably still be propping this baby up though with his magical mystery miners.

Yes but even if Roger Ver has deep pockets, this is probably a market that goes even beyond his pockets. I doubt he is sitting on several billions. And slowly but surely, that is becoming the amount to seriously move BCH up and down and play all others. Who knows which type of people also joined the BCH party.

From the very first release of bitcoin cash, lots of people joined the party, including the hard BTC supporters just in order to make some profit from BCH manipulation. The price is fluctuating in BCH, allowing traders to make good profit.

Sure, but BCH is a highly speculative asset. More speculative than BTC imo. BTC is quite a solid bet, but I guess you'll all attack me now and explain the opposite Cheesy
Yefet
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August 24, 2017, 03:25:04 AM
 #4587

Segwit now active on BTC! Still 37k unconfirmed transactions though

I think SegWit is meant more for enabling the Lightning Network, than a standalone solution for Bitcoin scaling.
z97rx470
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August 24, 2017, 03:32:08 AM
 #4588

Segwit now active on BTC! Still 37k unconfirmed transactions though

I think SegWit is meant more for enabling the Lightning Network, than a standalone solution for Bitcoin scaling.

Also meant to be a temporary scaling solution until LN which is still a long time away. So we're supposed to deal with these slow and expensive transactions until then?
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August 24, 2017, 03:41:41 AM
 #4589

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

Roger Ver has deep pockets. By Monday, the next difficulty adjustment will arrive and it will be a jolt upward. If the Bitcoin Cash supporters want to keep the miners interested, they better put up the buy support. Many of these miners are going to move on if they don't see a sustained and healthy profit margin. Wu will probably still be propping this baby up though with his magical mystery miners.

Yes but even if Roger Ver has deep pockets, this is probably a market that goes even beyond his pockets. I doubt he is sitting on several billions. And slowly but surely, that is becoming the amount to seriously move BCH up and down and play all others. Who knows which type of people also joined the BCH party.

From the very first release of bitcoin cash, lots of people joined the party, including the hard BTC supporters just in order to make some profit from BCH manipulation. The price is fluctuating in BCH, allowing traders to make good profit.

Sure, but BCH is a highly speculative asset. More speculative than BTC imo. BTC is quite a solid bet, but I guess you'll all attack me now and explain the opposite Cheesy

I agree mostly, with the only caveat being that the way BTC had been defined now has been redefined it has been changed dramatically on many levels, and for that it is slightly less a sure bet than if it had not changed.
jbreher
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August 24, 2017, 04:49:31 AM
 #4590

Also meant to be a temporary scaling solution until LN which is still a long time away. So we're supposed to deal with these slow and expensive transactions until then?

Suck it up, buttercup. The next transaction fee you pay will probably the cheapest you will ever pay in the future for an on-chain transaction. At least on the core chain. It can only climb from here on out. Careful what you wish for.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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August 24, 2017, 04:50:08 AM
 #4591

Segwit now active on BTC! Still 37k unconfirmed transactions though
40,000 it appears to be losing ground by about 2k for the short time I've been watching.
spankyminer
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August 24, 2017, 04:50:51 AM
 #4592

Sooo, a long time passed, whats the general consensus about the Electron Cash wallet? I really want to use it but was afraid because of the statements from Electrum about not endorsing it etc.
Is it safe and good to use?
baddw
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August 24, 2017, 05:20:00 AM
 #4593

Sooo, a long time passed, whats the general consensus about the Electron Cash wallet? I really want to use it but was afraid because of the statements from Electrum about not endorsing it etc.
Is it safe and good to use?

I used it to claim my BCH and transfer them to an exchange to get rid of them.  I imported my private keys into Electron Cash from my BTC wallet, AFTER I transferred all of the BTC out of that wallet on the main chain.  The Electron Cash wallet worked for that purpose.  I haven't used it since I saw the transactions hit the exchange.

If you already use Electrum as your BTC wallet, Electron Cash WILL pull up your existing wallet.dat, so you will have to be more careful.  It MIGHT even pull up your BTC (core) wallet.dat, so it really is best to get it on a new computer.

BTC/XCP 11596GYYq5WzVHoHTmYZg4RufxxzAGEGBX
DRK XvFhRFQwvBAmFkaii6Kafmu6oXrH4dSkVF
Eligius Payouts/CPPSRB Explained  I am not associated with Eligius in any way.  I just think that it is a good pool with a cool payment system Smiley
winding-coils
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August 24, 2017, 05:46:25 AM
 #4594

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"Is MGT mining BCC? No. Today, as expected, with block 481124, the BCC mining difficulty quadrupled. No one can turn a profit at that level." -McAfee Aug 22nd

https://twitter.com/officialmcafee/status/900130408775417856

How about now?    Grin

A perfect ebb and flow?  This on the surface looks like horrible news to the casual drive by.
tekmobile
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August 24, 2017, 05:49:14 AM
 #4595

At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula
winding-coils
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August 24, 2017, 05:58:44 AM
 #4596

At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula

Look at the chart, if this keeps up, the hash will spend more time in the BCC pools over time no?
tekmobile
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August 24, 2017, 06:03:12 AM
 #4597

At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula

Look at the chart, if this keeps up, the hash will spend more time in the BCC pools over time no?

It will yes and will cause the BTC difficulty to slowly drop too and providing the value stays around the current ratio means that BCH needs to drop lower and lower until it will get to the point it can be easily attacked
winding-coils
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August 24, 2017, 06:06:40 AM
 #4598

At the rate this is going there will be another difficulty adjust in a few days making this unprofitable again but dont worry Jihan will call his miners off to force it down again just keep repeating that winning formula

Look at the chart, if this keeps up, the hash will spend more time in the BCC pools over time no?

It will yes and will cause the BTC difficulty to slowly drop too and providing the value stays around the current ratio means that BCH needs to drop lower and lower until it will get to the point it can be easily attacked

An interesting game at play.
Mrpumperitis
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August 24, 2017, 06:14:06 AM
 #4599

me -   Grin

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
harimauagam
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August 24, 2017, 06:16:09 AM
 #4600

If any bitcoin cash please tell me do not hesitate to say it, because i want to accept bitcoin with 2 hands, because in indonesia cuman there is atm bitcoin. Smiley
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