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

[classicsucks]

why do I have the feeling this article is a web of lies?: https://achow101.com/2016/04/Segwit-FUD-Clearup

Segwit fixes many underlying issues nothing in bitcoin and creates a short term temporary scaling fix ideal situation for a corporate takeover of Bitcoin many that do not understand what segwit it just spread misinformation and call the facts FUD.

This short term fix then allows for a huge scaling fix corporate second layer takeover by Blockstream that will carry destroy what's left of the orginal bitcoin

FTFY.

LOL and now you're setting up botnets!? Popcorn time.

You're in way over your head, bro.

Back ontopic, what/when do the sane people here think the big price-moving event will be? Drama with Kore seems to be constant and not really moving the price as much as hashrate and blocktimes differences are. Not necessarily rational, but then again, I suppose BTC will remain in it's mildly-broken state for at least the next 3 months (an eternity in the crypto space)... Naturally, more services and exchanges will come online since BCH support is simple to implement and all of the old low-end use cases for BTC that evaporated 3 years ago just came back from the dead...

[classicsucks]

That was a tiny instantaneous attack im meaning a continuous one and yes the small one was wiped in one block but how would it cope if every 8MB block was full its going to take a considerable longer time to verify which means the creator of the block has a good head start while the others are mining on just the headers while its verified meaning more empty blocks

there is a very simple reason why this won't happen.

it's because the only people who've ever spammed the bitcoin blockchain are also the creators of bcash.

So you think they spammed there selves also, LOL.
Paranoid much.

Notice the only coin to ever complain of spam transactions is segwitcoin, maybe because every other coin has higher transactions capacity.


╥Aztek

LOL. According to my research the BCH chain was spammed HARD about 12 hours before BTC was. Believing that these attacks were not related or done by the same person is just silly. BCH was hammered, then BTC was hammered as a retaliation. Only difference is that BTC STILL HASN'T RECOVERED YET and BCH bounched back after ONE BLOCK, derp.

The spam attacks in 2016 and early 2017 were of an unknown origin, but based on their level of technical skill, were likely done by devs with a good knowledge of the block and fee structures. Blockstream had a natural incentive to do the spam attacks themselves, because at that time they almost had everyone scared into adopting Segwit due to the high level of unconfirmed transactions and high fees.

@tomcat it's hard to believe a Senior member here wouldn't understand spam? Read up on the history of email spam and I think you'll begin to understand the issue.

For anyone looking for evidence of spamming, here are some old spam transactions on the BTC blockchain:

https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

Note that the output address isn't valid - this means that no coins changed hands, only a fee was paid. Note also that the amount keeps increasing over time. I believe this attack cost something along the lines of $200k in fees, calculated at $3kUSD/BTC. Could've been a state actor, or someone with deep pockets,

[Mrbates]

Still think this says it best ./shrug

[winding-coils]

https://coingeek.com/heres-bitcoin-cash-will-succeed/

[baddw]

No Bitcoin is the real chain.

One is BITCOIN
One is Bitcoin Cash (a new altcoin, not the REAL BTC)

The Forks that Survives is the Real Bitcoin , and the survivor will be Bitcoin Cash.

Plus on segwitcoin , if everything goes to G.Maxwell's plan, you will only use LN ,
You won't be able to afford Onchain transactions, Offchain transactions are not bitcoin , only Onchain.


╥Aztek

To simplify things, they are all going to exist, however, there might be major n minor chain of bitcoin. With miners hopping between chain, its fluctuations like crazy. There is no unity.

I really think it will start a new wave of coins that are built to challenge the chain leaders. Look for a Scrypt coin to overtake LTC, or an X11 to take over Dash. We already see a lot of chain jumping among miners on those algos, and once they get smart and implement an EDA similar to BCH they will grow.

LOL, that happened a long time ago during the altcoin explosion.  2013/2014 was probably the peak.  Dogecoin came out and challenged LTC.  Darkcoin came out with X11 and then there were a million copycats.  There were pools switching back and forth from Doge to LTC to other Scrypt coins from block to block.  This time saw a lot of innovation in difficulty setting algorithms, culminating in the "Gravity Well" that ended up in Dark because Dark (now Dash) kept getting screwed over by hashrate entering and leaving the coin depending on what was trading up that day. 

When it first came out, Doge actually had a "random" coinbase payout (mining reward).  I think it was something like anywhere between 0 DOGE and 1,000,000 DOGE per block.  But the thing is, the reward was determined by the hash of the previous block.  One Scrypt multipool figured this out and only mined the high payout DOGE blocks, and mined LTC the rest of the time.  So they ended up with a lot of the high reward DOGE blocks, while dedicated DOGE pools ended up with the crappy ones.  After this was found out, the DOGE developers switched to a fixed mining reward.

I believe similar things happened even before Scrypt mining became popular among alts.... reportedly Namecoin and BTC fought over SHA256 hashrate for a while, before merged mining was figured out.  (It's a shame that more miners don't merge-mine Namecoin.... it doesn't add any difficulty or time, and it can provide a little bonus for the miners.)

So all of this has been seen before, but obviously not with the stakes as high as they are now.

[tomkat]

It is going to take me months to slowly offload my B cash. Lack of liquidity is the major reason. Selling all of it as that project has no future. Using Changely and Shapeshift as well to protect my privacy. Bit of a pain but worth it to avoid KYC exit.

Lack of liquidity?
It's $1M (USDT) + 2k BTC every day on Bittrex alone.
Then there's also ETH market + many more exchanges.

[ikifenix]

Is there somewhere I can contribute my ethereum to? Or does this not even have an ICO yet?

[ikifenix]

I like this idea, especially compared to all the crap ICOs coming out lately.

 Will be following this one closely. I wish this site had a follow button or something

[tomkat]

@tomcat it's hard to believe a Senior member here wouldn't understand spam? Read up on the history of email spam and I think you'll begin to understand the issue.

I'll repeat - I strongly believe that people can do what they want with their money.
If anyone wants to play with thousands of small transactions for whatever reason, then let it be that way.
If you want to throw your pennies to The Trevi, or just burn a case full of money, then I don't see a problem - it is your money.
My point is: let people do what is allowed in the system.
The only limit I'd think of would be to not allow zero-fee transactions by default, but anything above zero is legitimate because it's paid.

[neutraLTC]

Hi can OP add BlockTrail bitcoin cash developer platform please: https://blocktrail.com/API


thank you

[pluMmet]

Are you guys still holding Bitcoin Cash? I sold it as soon as I could but that was a bad idea, because the price went up after that. But on the long run, I think BCC will wall to 100 usd or so.

[tomkat]

Are you guys still holding Bitcoin Cash? I sold it as soon as I could but that was a bad idea, because the price went up after that. But on the long run, I think BCC will wall to 100 usd or so.

Holding both Cash and Core until November at minimum.
Then going to see the outcome of S2X and decide what to do.

[tekmobile]

Are you guys still holding Bitcoin Cash? I sold it as soon as I could but that was a bad idea, because the price went up after that. But on the long run, I think BCC will wall to 100 usd or so.

Got rid of cash but will hold 2x to see how it plays out then will probably sell 2x too if it has value it all depends on what support it gets but my money is still behind core

Vote for the dominant chain here https://strawpoll.com/h9134gyh

[wasif11]

The new King of cryptocurrency? 
Less than a month ago, a few new lines of code and a verbal agreement forked the Bitcoin blockchain, creating a newer, more nimble version called Bitcoin Cash. Since its arrival on Aug. 1, the infant cryptocurrency has more than doubled in value from $300 to a price north of $600, and investors are now wondering if its popularity poses a serious threat to the Bitcoin throne.
Market cap: 10.8 billion $
Price rate: 607$

[BitUsher]

Lack of liquidity?
It's $1M (USDT) + 2k BTC every day on Bittrex alone.
Then there's also ETH market + many more exchanges.

Many of us have still many BCH to dump. Those liquidity numbers only reflect speculators trading back and forth. It doesn't take much to send the price of BCH down, believe me I have been seeing this everyday first hand.

[tomkat]

Lack of liquidity?
It's $1M (USDT) + 2k BTC every day on Bittrex alone.
Then there's also ETH market + many more exchanges.

Many of us have still many BCH to dump. Those liquidity numbers only reflect speculators trading back and forth. It doesn't take much to send the price of BCH down, believe me I have been seeing this everyday first hand.

OK, but you quoted me without your previous post which was about taking you months to offload your coins

It is going to take me months to slowly offload my B cash. Lack of liquidity is the major reason. Selling all of it as that project has no future. Using Changely and Shapeshift as well to protect my privacy. Bit of a pain but worth it to avoid KYC exit.

So, unless you have tens of millions worth of BCH, I think you could easily use existing demand to sell your coins on various markets, no...?

[cctothemass]

Still think this says it best ./shrug

This says it better. No one wants to trade Bitcoin Cash. All we have is a couple of miners and enthusiasts.
Where is the huge support of the coin? Poor little bcash with tiny blocks

[Mrpumperitis]

woa...a few sells of segwitcoin just went through @ $4610

Time to grab more of them Bitcoin cash 

[tekmobile]

woa...a few sells of segwitcoin just went through @ $4610

Time to grab more of them Bitcoin cash 

I would have waited a bit you would have got them cheaper

[Mrpumperitis]

woa...a few sells of segwitcoin just went through @ $4610

Time to grab more of them Bitcoin cash  

I would have waited a bit you would have got them cheaper

Dont like holding fiat lol
I think buying from 0.12 is a gd idea, if it drops into 0.11s , grab more  
(its near 50% drop from last high so gd time to start getting in imo)