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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 660015 times)
lonesomestranger
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October 12, 2017, 07:33:51 PM
 #6781

Popular wallet provider Blockchain (formerly Blockchain.info) has released support for Bitcoin Cash (BCH) and credited users with equivalent balances.https://cointelegraph.com/news/blockchaininfo-releases-full-bitcoin-cash-support-users-receive-coins
That's good news for bitcoins cash although many people said bitcoins cash is dead because of the activation of SegWit2x on bitcoins network. Cheesy

In the end, I dont really care about any of this forks, Bitcoin Cash or Bitcoin Gold! I only care about Bitcoin itself, and I dont believe that any of these two forks will threathen Bitcoin in any way. If, in any way, there is a possibility for Bitcoin to be negatively affected, than we should be worry

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bitcoinPsycho
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October 12, 2017, 07:47:00 PM
 #6782

sorry I cant help myself. please forgive

THE NEXT 24 YEARS ARE CRITICAL
Jordan23
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October 12, 2017, 09:51:34 PM
 #6783


Honest question what do you have against segwit ?

Segwit weakens Bitcoin's security model
https://bitcrust.org/blog-incentive-shift-segwit

Risk of SegWit
https://nchain.com/en/blog/risks-of-segregated-witness-mining-cartels/

Dr. Peter Rizun - SegWit Coins are not Bitcoins - Arnhem 2017
https://www.youtube.com/watch?v=VoFb3mcxluY

Didn't SegWit increase the block capacity?
https://www.bitcoincash.org/
Even if used in 100% of transactions, the increase would equate to 1.7MB blocks. Thus, it is a small capacity increase at best. It will not handle exponential growth or worldwide usage. Second, the soft fork implementation results in discardable signatures, which weakens Bitcoin's security model. Third, it makes future capacity increases more difficult due to bandwidth inefficiency and quadratic hashing attacks which SegWit doesn't solve since an attacker isn't forced to use it.

For those (and other) reasons, Bitcoin Cash was necessary as a pre-SegWit fork. Segwit will not be adopted.


8 times Core told people Segwit is a Blocksize Increase
http://archive.is/6DkOY

Small Blocks Destroy Miner Revenue
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0


Is that the best you can come up with some BS articles I could come up with a list of articles that list technical reasons on why increasing the blocksize is bad does that make it a valid reason.

on another note looks like the miners have finally thrown in the towel and gave up last block 3 and a half hours ago now just wait for the EDA exploit to fix the profitability for them they only need to trigger a single reduction to keep parity any more and it will be more profitable and back to hyper blocks

Did you even read tec-bro? You've got a long way to go to fully understand this technology. MartinGandhiKennedy was nice enough to paste you a dump of some pretty well-researched academic work that shoots Segwit full of holes, and you want to reply 10 minutes later that you've still got all the QE answers? Lrn2google and educate yourself.

Here's a 20 word summary for you: Segwit is 6000 lines of code that will haunt Kore/BTC to the grave. Lightning doesn't exist and won't ever work.

I suggest you adjust your thinking accordingly.

Oh, and BCH hashrate/EDA gaming is fixed. Somebody made an API which allows miners to jump on BCH mining the minute the hashrate drop dramatically - market forces at work...




Thinking is not posting others work for an argument. That the "Appeal to Authority" arguments the lowest of IQs use. He said "you" to Martin and Martin posted other opinion because Martin and you feel like a supposed Authority on the subject is automatically correct.

You killed yourself. Now start thinking......for yourself.
tekmobile
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October 12, 2017, 11:18:37 PM
Last edit: October 12, 2017, 11:49:08 PM by tekmobile
 #6784

Lightning Desktop App, Now Available for Testing

http://blog.lightning.engineering/announcement/2017/10/12/test-blitz.html

BTC just keeps throwing the punches

While Bcash is desperately producing over 60 blocks per hour over the standard 6 that's 1000% faster not good for BCH
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October 12, 2017, 11:58:28 PM
 #6785

^

Why not faster blocked good? Could you explain? Geniune question, I don't know. Grin

Any blockchain needs to behave in an orderly, predictable and reliable manner. Especially under stress.

multiples or division of designed throughput are bad design, open to abuse .. a straight up fail.

BCC is basically BiPolar at this point
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October 13, 2017, 12:00:55 AM
 #6786

^

Why not faster blocked good? Could you explain? Geniune question, I don't know. Grin

Not sure if this is serious or trolling lol

Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this
jbreher
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October 13, 2017, 12:23:57 AM
 #6787

Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this

The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing?

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.
tekmobile
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October 13, 2017, 12:33:33 AM
 #6788

Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this

The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing?

You cannot count the blocks before the fork because it wasn't bitcoin cash then it was bitcoin and was not being abused

Bcash is only around 10 weeks old and already currently close to 6 weeks ahead and you think this is nothing
tekmobile
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October 13, 2017, 12:43:29 AM
 #6789

Faster blocks are bad you get much faster inflation where the market is flooded with new coins diluting the value and the available supply (minor rewards) dries up much faster than adoption meaning there are no incentives to mine any more because the miners have to just rely on transaction fees which are non existent due to very low transaction volume so far most of the transacted volume shown on coinmarketcap is done inside exchanges not on the blockchain so miners do not get a cut of this

The Bitcoin Cash block height is about one-tenth of one percent ahead of the Bitcoin Segwit Core block height. You sure you're not hyperventilating over nothing?

You cannot count the blocks before the fork because it wasn't bitcoin cash then it was bitcoin and was not being abused

Bcash is only around 10 weeks old and already currently close to 6 weeks ahead and you think this is nothing

I agree with tekmobile on this.

Also as the value keeps dropping the block generation times need to get faster and faster just to remain profitable and if the miners (which are currently holding) attempted to sell the coins they have accumulated the value wouldn't be in a steady decline anymore it would be a free fall off big cliff

This is fact there is nowhere even remotely close to enough demand to eat this kind of inrush so the miners have no choice but to keep holding while the value keeps slipping this is a vicious cycle but a real one
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October 13, 2017, 12:45:01 AM
 #6790

So Bitmain comes out with a new batch for their L3 miner. They only will take BCC.
 https://shop.bitmain.com/productDetail.htm?pid=00020171012101234461U4tES2cP065E
That must really toast Charlie Lee's muffins since Lee is not a fan of Bitcoin Cash.  Cheesy
winding-coils
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October 13, 2017, 01:25:02 AM
 #6791

So Bitmain comes out with a new batch for their L3 miner. They only will take BCC.
 https://shop.bitmain.com/productDetail.htm?pid=00020171012101234461U4tES2cP065E
That must really toast Charlie Lee's muffins since Lee is not a fan of Bitcoin Cash.  Cheesy

Might that explain Charlie's tweets?  Grin
tekmobile
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October 13, 2017, 01:26:58 AM
 #6792

So Bitmain comes out with a new batch for their L3 miner. They only will take BCC.
 https://shop.bitmain.com/productDetail.htm?pid=00020171012101234461U4tES2cP065E
That must really toast Charlie Lee's muffins since Lee is not a fan of Bitcoin Cash.  Cheesy

Might that explain Charlie's tweets?  Grin

Charlie's tweets are no different from usual unless i've missed something recently

bones261
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October 13, 2017, 01:40:01 AM
 #6793

So Bitmain comes out with a new batch for their L3 miner. They only will take BCC.
 https://shop.bitmain.com/productDetail.htm?pid=00020171012101234461U4tES2cP065E
That must really toast Charlie Lee's muffins since Lee is not a fan of Bitcoin Cash.  Cheesy

Might that explain Charlie's tweets?  Grin

Charlie's tweets are no different from usual unless i've missed something recently


He just tweeted another dig on Bitcoin Cash a few hour ago.
https://twitter.com/SatoshiLite/status/918586043246321664
tekmobile
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October 13, 2017, 01:45:16 AM
 #6794

So Bitmain comes out with a new batch for their L3 miner. They only will take BCC.
 https://shop.bitmain.com/productDetail.htm?pid=00020171012101234461U4tES2cP065E
That must really toast Charlie Lee's muffins since Lee is not a fan of Bitcoin Cash.  Cheesy

Might that explain Charlie's tweets?  Grin

Charlie's tweets are no different from usual unless i've missed something recently


He just tweeted another dig on Bitcoin Cash a few hour ago.
https://twitter.com/SatoshiLite/status/918586043246321664

That is nothing new though he usually does that when Bcash is hypermining
bones261
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October 13, 2017, 01:52:22 AM
 #6795



That is nothing new though he usually does that when Bcash is hypermining

Yeah, it definitely is in supersonic mode. Blocks coming in at like 1 or more per minute. I thought the mystery miners would be happy just mining for a loss until the regular retarget, in an attempt to normalize. Not sure why they want to mine for a "profit" when they are only HODL the coins they mine, at the moment.
tekmobile
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October 13, 2017, 01:58:05 AM
 #6796



That is nothing new though he usually does that when Bcash is hypermining

Yeah, it definitely is in supersonic mode. Blocks coming in at like 1 or more per minute. I thought the mystery miners would be happy just mining for a loss until the regular retarget, in an attempt to normalize. Not sure why they want to mine for a "profit" when they are only HODL the coins they mine, at the moment.


Simple get more for there money at the expense of killing what credibility bcash has left

Profitability is still dropping fast right after the EDA adjustment it was around 40% more profitable and in such a short period this has dropped to around 25% and we know for a fact that there will be another EDA in a couple of days when the profitability plummets later today (or tomorrow depending where you live)
Zabivelli
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October 13, 2017, 02:13:06 AM
 #6797

Damnn the price is BCH doen't go up as it used to. Looks like it is keep going down. Shocked

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VERA66
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October 13, 2017, 02:22:14 AM
 #6798

I am interested in it.Can you explain it detailedly?
tekmobile
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October 13, 2017, 03:03:13 AM
 #6799

I am interested in it.Can you explain it detailedly?

Do you mean Bitcoin Cash

Zabivelli
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October 13, 2017, 03:05:49 AM
 #6800

I am interested in it.Can you explain it detailedly?

Do you mean Bitcoin Cash



Clear answer..no need explanation lol

All-in-one cryptocurrency portoflio tracker and trader BitUniverse, is now holding the activity of 1 Million BUB bounty. BUB can be swapped to ETH and can be withdrawn at any time. Get FREE BUB now: BUB Bounty
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