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

[serby10101010001100010]

"Since October 12, the price of bitcoin has surged from $4,800 to $6,199, within a span of 10 days. Investors have expressed their concerns in regards to such an abrupt increase in the value of bitcoin without major corrections."

https://www.cryptocoinsnews.com/bitcoin-price-corrects-5880-270-new-time-high/

“Because this 2x hardfork is so contentious, Coinbase cannot handle it the same way they handled the ETC and BCH hardfork. In other words, they can’t just choose one fork and ignore the other fork. Choosing to support only one fork (whichever that is) would cause a lot of confusion for users and open them up to lawsuits. So Coinbase is forced to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin,” said Lee.

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[iwebvn20]

the bitcoin cash price so cheap , everyone start buy bch , i bought bch  price ~ $1000 , let make bch  great again .

[tekmobile]

"Since October 12, the price of bitcoin has surged from $4,800 to $6,199, within a span of 10 days. Investors have expressed their concerns in regards to such an abrupt increase in the value of bitcoin without major corrections."

https://www.cryptocoinsnews.com/bitcoin-price-corrects-5880-270-new-time-high/

“Because this 2x hardfork is so contentious, Coinbase cannot handle it the same way they handled the ETC and BCH hardfork. In other words, they can’t just choose one fork and ignore the other fork. Choosing to support only one fork (whichever that is) would cause a lot of confusion for users and open them up to lawsuits. So Coinbase is forced to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin,” said Lee.

It's only one exchange but so far B2X is not looking to overthrow BTC

https://coinmarketcap.com/currencies/segwit2x/

[CORNEL]

the bitcoin cash price so cheap , everyone start buy bch , i bought bch  price ~ $1000 , let make bch  great again .

$1000 exit point is very long term maybe this will happen in long term I want to sell my coins at $600 this is enough for me. There is no big support behind this coin no big merchants and very low adoption as compare with original bitcoin.

[bitcoinPsycho]

https://news.bitcoin.com/bitcoin-cash-community-preps-for-a-hard-fork-slated-for-november-13/

so a hard fork immenent ?

[maxll]

I dont think $1k will happen. Just look at all the other btc forks, and there will be many more...

[tekmobile]

https://news.bitcoin.com/bitcoin-cash-community-preps-for-a-hard-fork-slated-for-november-13/

so a hard fork immenent ?

Yes its to "fix" the EDA with a new difficulty algorithm now the question is do we get full support and everyone upgrades or BitCash & BitCashClassic or just a total mess and failure and no one upgrades

[roeks]

So Ver and Company fork BTC 4 times already with FAIL every time. Now they want to fork the failed BCash to make it easier for them to mine and receive free coins and when that fail again will look into forking BTC again. This is fraud unless they agree not to mine on the new fork of which will never happen, and I was under the impression the FED and banks are the criminals.

[riils]

https://news.bitcoin.com/calvin-ayre-declares-bitcoin-cash-the-only-bitcoin/

https://calvinayre.com/2017/10/17/bitcoin/say-bitcoin-mean-bitcoin-cash/

Calvin Ayre Declares Bitcoin Cash “The Only Bitcoin”

Calvinayre has issued a statement clarifying that when using the term ‘bitcoin’, the website will be referring to the bitcoin (BCC) chain. The statement expresses Calvinayre’s belief that “bitcoin cash is the true remaining bitcoin as intended by the original Satoshi white paper. The release states that although “the Segwit chain may have inherited the name “BTC” largely due to history but it is bitcoin cash that much more closely resembles the bitcoin that sparked the entire digital currency boom.”

Has the renaming begun?

It will start with Ver renaming "bitcoin.com" to "segwit1x.com"

[European Central Bank]

Their fork is the right thing to do. It can't carry on like this.

As jihan wu is the only ongoing miner then i can't see the old chain surviving.

Asfor this calvin guy, hope he's looking forward to the lawsuits when people demand actual bitcoin as was billed and not their lies.

[bones261]

So let's say somebody is getting 20% more hashing done than somebody else. Can't the other guy just use ASICBoost as well? It's not like anybody gives 2 f*cks in China about a USA patent... Or, if they want to "play by the book", they just buy 20% more miners. It's just not anything to get all worried about. And who is doing the hashing is not that big of a deal unless it's all one person. Jihan Wu runs a mining pool and doesn't own all of that hashpower anymore so than any other pool operator. And again, it would be completely against his self-interest to "rock the boat" and do a 51% attack on BTC or whatever. He just wants bigger blocks so miners can mine more transactions and make more money. Kore wants small blocks 4ever to force Lightning and their patented tech down everyones' throats. I don't want that crap and most people I respect agree with that viewpoint.

Currently, the mystery miners are mining well over 90% of the blocks for Bitcoin Cash. That's not a "big deal?"

I still don't see what there is to control, the blocksize? What would it mean if Jihan Wu completely controlled a coin (likely it would be a worthless coin)? Again, Kore is sabotaging the original plan to scale Bitcoin so they can run their lame scheme on top of Bitcoin (THAT would qualify as controlling Bitcoin to me...). This has been agonizing to watch, and it won't work. A potential $500 billion market cap is being hamstrung by just $75 million which was invested in Blockstream by Silbert and DCG. There is so much pressure building for greater capacity and speed, and Kore just sits there with their thumbs up their asses saying "no" to everyone, like big babies!

Large blocks are not a problem like Kore screamed relentlessly they would be, and fees are 4000x lower on BCH. High fees and a bloated mempool ARE problems on BTC that have real and grave consequences for BTC, that have drastically reduced BTC's crypto market share AND the BTC adoption rate. These are just facts, yet the Kore fanbois (not saying you are one) just keep burying their heads under some more sand every time they are asked to address it.


Thanks for not running a RasPi. Sure, there are circumstances when you might need to rent a $10/mo VPS to get good performance syncing several 8-32MB blockchains. Big deal. And all of the hand-wringing about "ehrmagerd, blockchain will be 5000 Terabytes in 10 years" - get over it. Prune your blockchain, buy a bigger hard drive, or use an SPV wallet. Yes, it's annoying to have a huge blockchain but the problem can easily be solved in the next 10 years before anyone is adversely impacted.

Tek, good to see you back. You came in right on time to scream about the big blocks.

First of all, your puny 8-32MB blocks don't even come close to scaling to PayPal or Visa. (An off chain solution like lightning network probably would, however.) You need close to 1 GB blocks to even start to compare. Let's say you want to start up a block explorer or other information service. I doubt a $10/mo VPS is going to be enough to run a decent block explorer. Pruning the blockchain or running an SPV is fine, for personal use. However, if I want to contribute more by providing some kind of service, the start up cost is going to be huge. How are we supposed to have a decentralized economy when entry to even provide a block explorer will be prohibitive? Only mega whale oligarchs will have the means to provide us with the information services. What could go wrong?  
Also, this argument that we will have technology necessary in 10 or 20 years really doesn't fly. Do we want  Bitcoin to scale on the level of Visa and Paypal in a couple of years or do we want to wait a decade or more? Since technology is advancing, the systems Visa and Paypal will use will probably make them be able to scale even better. Your on-chain solution will be forever playing catch up and will never compete. 

[mindrust]

Dr. Wright does not prove that he is indeed the real Satoshi, BCH will live an alternative coin.

Dr. Wright, lol. Don't call that piece of shit doctor, he doesn't deserve it. Can't you tell that he is a crook just by looking at his face?

I don't judge a book by its cover. Not all people can be beautiful.

It is not about beauty at all. In fact one can find Craig even handsome.

The problem is his facial expression. His smile. It is like;

"I am going to fuck you up and scam you so bad, you will not understand what's happening and maybe even like it!"

Roger Ver has the exact same look. Look of a con artist.

[serby10101010001100010]

Dr. Wright does not prove that he is indeed the real Satoshi, BCH will live an alternative coin.

Dr. Wright, lol. Don't call that piece of shit doctor, he doesn't deserve it. Can't you tell that he is a crook just by looking at his face?

I don't judge a book by its cover. Not all people can be beautiful.

It is not about beauty at all. In fact one can find Craig even handsome.

The problem is his facial expression. His smile. It is like;

"I am going to fuck you up and scam you so bad, you will not understand what's happening and maybe even like it!"

Roger Ver has the exact same look. Look of a con artist.

of course it is, beauty is truth, truth is beauty and handsome people should rule the world.

[riils]

Dr. Wright does not prove that he is indeed the real Satoshi, BCH will live an alternative coin.

Dr. Wright, lol. Don't call that piece of shit doctor, he doesn't deserve it. Can't you tell that he is a crook just by looking at his face?

I don't judge a book by its cover. Not all people can be beautiful.

It is not about beauty at all. In fact one can find Craig even handsome.

The problem is his facial expression. His smile. It is like;

"I am going to fuck you up and scam you so bad, you will not understand what's happening and maybe even like it!"

Roger Ver has the exact same look. Look of a con artist.

100%. As a scam victim myself, I know what scammer looks like

[riils]

1st off ,
The stupidity is Bitcoin does not yet need to scale to beat visa, it does need to scale to match the current transactions volume and keep fees from skyrocketing.
Of which Bitcoin Cash 8X onchain capacity more than succeeds in doing.  As far as the limits to onchain scaling , internet speeds increase every year, what is unlikely today will be most likely in the future.

Can offchain solutions provide faster transactions, sure Exchanges that perform offchain transactions within their own systems can give unlimited scaling.
Advantages of using an exchange for offchain scaling over LN, includes
Lower Fee structure
No time locking of coins
No banking license require to run an LN hub , (LN does not trade the actual coins but IOUs,  Exchanges move the actual coins to your control immediately.)
Greater Accountability:
( If an exchange offchain transaction is not redeemed, you sue the exchange, if an LN hub offchain IOU is not redeemd , there is no one to sue, you are just Shit out of luck.)

  
Shitwit design has been nothing but the Banking Industry attempt to control all of crypto and keep all of the dumbasses in financial slavery, of their creating false fractional reserve IOUs out of thin air.


╥Aztek

Bitcoin Cash does not have 8x onchain capacity. Bitcoin Cash does not have Segwit, therefore it is 2.3X less efficient in using block real estate. Bitcoin with 4MB block size would have more capacity than Bitcoin Cash at 8MB capacity.

[bones261]

1st off ,
The stupidity is Bitcoin does not yet need to scale to beat visa, it does need to scale to match the current transactions volume and keep fees from skyrocketing.
Of which Bitcoin Cash 8X onchain capacity more than succeeds in doing.  As far as the limits to onchain scaling , internet speeds increase every year, what is unlikely today will be most likely in the future.

Can offchain solutions provide faster transactions, sure Exchanges that perform offchain transactions within their own systems can give unlimited scaling.
Advantages of using an exchange for offchain scaling over LN, includes
Lower Fee structure
No time locking of coins
No banking license require to run an LN hub , (LN does not trade the actual coins but IOUs,  Exchanges move the actual coins to your control immediately.)
Greater Accountability:
( If an exchange offchain transaction is not redeemed, you sue the exchange, if an LN hub offchain IOU is not redeemd , there is no one to sue, you are just Shit out of luck.)

  
Shitwit design has been nothing but the Banking Industry attempt to control all of crypto and keep all of the dumbasses in financial slavery, of their creating false fractional reserve IOUs out of thin air.


╥Aztek

So you believe that we need to "think small" and only account for the current demand? Don't we want to expand and take over the world? Furthermore, if you want to topple the banking industry, shouldn't you be trying to outmatch their weapons? Or should we continue to bring a knife to a gunfight?
Also, I would prefer to eliminate the need for the exchanges all together. Atomic swaps have good potential to get rid of the middle man. (The only middle man that is required would be if you want to convert to fiat. But aren't we trying to purge the world of the fiat system?)
Furthermore, most exchanges do not move the coins immediately to your own control. You have to rely on the exchange to actually honor the withdrawal when you request it. (This seems to be a problem. I see Bitcointalk, reddit and Twitter regularly littered with complaints that basically go like this, "XYZ exchange hasn't processed my withdrawal in upteen days and hasn't responded to my support tickets. ") Also, relying on governmental judicial systems to return what is stolen, is of no comfort to me. Do you really think the US Judicial system is going to return all of those coins that they confiscated from BTC-e to the users in a prompt manner, if at all?

[bones261]

So you believe that we need to "think small" and only account for the current demand? Don't we want to expand and take over the world? Furthermore, if you want to topple the banking industry, shouldn't you be trying to outmatch their weapons? Or should we continue to bring a knife to a gunfight?
Also, I would prefer to eliminate the need for the exchanges all together. Atomic swaps have good potential to get rid of the middle man. (The only middle man that is required would be if you want to convert to fiat. But aren't we trying to purge the world of the fiat system?)
Furthermore, most exchanges do not move the coins immediately to your own control. You have to rely on the exchange to actually honor the withdrawal when you request it. (This seems to be a problem. I see Bitcointalk, reddit and Twitter regularly littered with complaints that basically go like this, "XYZ exchange hasn't processed my withdrawal in upteen days and hasn't responded to my support tickets. ") Also, relying on governmental judicial systems to return what is stolen, is of no comfort to me. Do you really think the US Judicial system is going to return all of those coins that they confiscated from BTC-e to the users in a prompt manner, if at all?

LN gives the banking industry exactly what they want, LN Hubs that will require a banking license, which only they can afford.

WHO DO YOU SUE WHEN LN/SEGWIT FUCKS UP?


You prefer LN which has no real accountability and no liability for making sure your transactions went thru.
Are their unicorns in that fantasy world you live in?




Offchain requires you relied on a 3rd party, by using LN, you give up the right to have another outside party make sure you received your payment.
Otherwise you give up any arbitration of conflict by using LN, nothing could be dumber than that.


╥Aztek

Since when is the cryptocurrency world about being held accountable to anyone? That is not the cyberpunk way. Just code and release. The more disruptive it is, the better. Also, the arbitration process you are so fond of usually involves a third party. Who? The government? Some outfit that is employed by the other party? Judge Judy?   If someone steals from you, the cyberpunk way is to find the perpetrator and hack them. Don't have the expertise to do that? Then find an ally who will help you out and pray that they don't screw you over more in the process.

[bones261]

Since when is the cryptocurrency world about being held accountable to anyone? That is not the cyberpunk way. Just code and release. The more disruptive it is, the better. Also, the arbitration process you are so fond of usually involves a third party. Who? The government? Some outfit that is employed by the other party? Judge Judy?   If someone steals from you, the cyberpunk way is to find the perpetrator and hack them. Don't have the expertise to do that? Then find an ally who will help you out and pray they don't screw you up more in the process.

Answer the question!

WHO DO YOU SUE WHEN LN/SEGWIT FUCKS UP?


╥Aztek

It's obvious that you just don't get it. It's called vigilante justice via code. That is the cyberpunk way. The only way to gain power in the cryptocurrency world is to learn how to code or at least know how to properly implement any tools provided by others, at maximum disruptive effect. Otherwise, you are just chattel at the mercy of the powers that be.

[roeks]

LN and SEGWIT will not fail, not to worry to sue them, that is exactly why bitcoin move so slowly, they do not make mistakes like BCash and then after 2 moths must fork again.

[casty3000]

Bitcoincash is definitly bullshit.The thing i dont understand why all of those people follow this fake coin. Will always be new forks?