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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661529 times)
classicsucks
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October 21, 2017, 08:35:24 AM
 #7041


How is the price of BCH "quite low?" Over 5 billion in market cap and a price similar to what BTC lingered at for much of 2015. It's abundantly clear 2017 has spoiled many people.  Roll Eyes

i like your opinion
but it's not fundamental
with make a based price from 2015
so u think BCH is seriously continue with history of BTC ?  Huh

I really do not think Ver nor Jihan are going to let their baby fester into oblivion. Ver is probably a Bitcoin billionaire; and Jihan is close to one, if not one outright. And that is only two supporters of this coin. How many coins out there have the backing of at least two billionaires? This coin is going to eventually be the go to coin for every big block advocate out there. Sorry, 2x blocks just isn't enough to satisfy big blockers. And many absolute hate Segwit. (Jihan is one because he can't use ASICBoost with Segwit. What good is Segwit to him when it makes his patented technology obsolete?)

I don't disagree with your conclusion but your logic seems to be marred by regurgitation of talking points.

ASICBoost is a non-issue and really doesn't increase hashing that much in the current environment. Furthermore, ASICBoost was patented by a KORE DEVELOPER.  Nobody was screaming bloody murder about it when Lerner filed for the AB patent or when he licensed it to Bitmain. Doesn't that make you wonder why they got everybody worked into a frenzy about AB just when they needed Segwit to get rammed thru?

Also if you think for more than one second, Ver and Jihan are pumping hundred of millions into BTC, and probably much less into BCH. Jihan runs the largest BTC mining hardware manufacturer, why wouldn't he be pro-BTC? He likely has millions of his own fortune intrinsically tied up with BTC's fate. Ver was known as "Bitcoin Jesus" for giving away what is now millions of dollars worth of BTC. I think it's safe to say he is pro-BTC.  The only thing they don't like is the Kore team and how they are deliberately crippling BTC with 1MB blocks, Segwit, and RBF, to provide an excuse for Lightning to save the day. Which you should know is such a stupid plan, if you've read any current research on the subject.

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.

Adam Meister was caught out by Ver the other day for not using BTC for payment. https://www.reddit.com/r/btc/comments/76chhr/adam_bitcoinmeister_says_he_does_not_use_bitcoin/

Oh no, I don't use it for that at all because I, I don't believe it's, uh, just not, not, not a purpose that I don't, it's not an interest of mine.



BTW what happened to tek and the other trolls on this thread, are you all done dancing about the BCH dropping to almost 0.05 BTC?
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October 21, 2017, 09:07:06 AM
 #7042

bitcoin up bch down .this coin is dead blah blah blah

THE NEXT 24 YEARS ARE CRITICAL
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October 21, 2017, 09:25:44 AM
 #7043

bitcoin up bch down .this coin is dead blah blah blah


i am not sure with ur argument
this probaly because another cloning will come on oct 25th
then take a more btc sell a more bCH
basic logic

 
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October 21, 2017, 09:26:31 AM
 #7044

BTW what happened to tek and the other trolls on this thread, are you all done dancing about the BCH dropping to almost 0.05 BTC?

Still here just nothing to say BCH is kinda stagnant nothing is happening

Also what happened to all the other supporters this place is turning into a graveyard
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October 21, 2017, 09:58:19 AM
 #7045

BTW what happened to tek and the other trolls on this thread, are you all done dancing about the BCH dropping to almost 0.05 BTC?

I am also here. Waiting for some kind of dead cat bounce in BCH to create new, even better shorting opportunities Wink
bitcoinPsycho
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October 21, 2017, 11:31:49 AM
 #7046

bitcoin up bch down .this coin is dead blah blah blah


i am not sure with ur argument
this probaly because another cloning will come on oct 25th
then take a more btc sell a more bCH
basic logic
No argument. I think we all agee this ALT coin is an embarrassment LMFAO
even j l pickard can't look

THE NEXT 24 YEARS ARE CRITICAL
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October 21, 2017, 01:53:26 PM
 #7047

..

What wallet do you recommend for bch except hardware wallet

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October 21, 2017, 03:17:11 PM
Last edit: October 22, 2017, 03:28:29 AM by bones261
 #7048


I don't disagree with your conclusion but your logic seems to be marred by regurgitation of talking points.

ASICBoost is a non-issue and really doesn't increase hashing that much in the current environment. Furthermore, ASICBoost was patented by a KORE DEVELOPER.  Nobody was screaming bloody murder about it when Lerner filed for the AB patent or when he licensed it to Bitmain. Doesn't that make you wonder why they got everybody worked into a frenzy about AB just when they needed Segwit to get rammed thru?


What do you mean ASICboost doesn't increase the hashing rate in the current environment? If you mean the other chain, then that is true. If you mean the Bitcoin Cash Chain, are you stating the 20% increase in hash rate is vastly overstated?

Also if you think for more than one second, Ver and Jihan are pumping hundred of millions into BTC, and probably much less into BCH. Jihan runs the largest BTC mining hardware manufacturer, why wouldn't he be pro-BTC? He likely has millions of his own fortune intrinsically tied up with BTC's fate. Ver was known as "Bitcoin Jesus" for giving away what is now millions of dollars worth of BTC. I think it's safe to say he is pro-BTC.  The only thing they don't like is the Kore team and how they are deliberately crippling BTC with 1MB blocks, Segwit, and RBF, to provide an excuse for Lightning to save the day. Which you should know is such a stupid plan, if you've read any current research on the subject.

Ver probably has the best of intentions. However, Jihan's motivation is to have as much control as possible; not only with the mining aspect but with the direction of future development as well. If he can basically get KORE fired, I'm sure he'd be more than willing to fill the gap. How perfect for him to be able to totally control the destiny of BTC. In the mean time, if he can't accomplish his desire for absolute power on the BTC chain, he has Bitcoin Cash that he can totally control.


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.

I happen to know from experience that large blocks can be a problem for casual users. I happen to own a shitcoin that made the mistake of having 30 second blocks. My computer has a hard time keeping up with these blocks because it needs to spend time downloading the new blocks and verifying them. Since most of the blocks on this chain are empty, I can't imagine how difficult it would be for my computer to keep up with blocks that are near capacity. In order for a coin to scale properly on-chain with 10 minute blocks so that it can realistically compete with Visa, you would probably need 1GB blocks. This definitely would exclude a casual user from realistically running a node. It would also make entry for any startups who need to run a node, like a new exchange, more difficult.
PS: I am not running a Raspberry PI.
 

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October 21, 2017, 03:25:20 PM
 #7049

..

What wallet do you recommend for bch except hardware wallet

Heard bitpays new one is pretty good

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ashmodeus
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October 21, 2017, 03:30:32 PM
 #7050

..

What wallet do you recommend for bch except hardware wallet

i just recommend coinomi for all my coin
yes , on mobile wallet if asking about it
safe as i know , easy and simple

 
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tekmobile
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October 21, 2017, 04:29:39 PM
Last edit: October 21, 2017, 05:02:22 PM by tekmobile
 #7051


I don't disagree with your conclusion but your logic seems to be marred by regurgitation of talking points.

ASICBoost is a non-issue and really doesn't increase hashing that much in the current environment. Furthermore, ASICBoost was patented by a KORE DEVELOPER.  Nobody was screaming bloody murder about it when Lerner filed for the AB patent or when he licensed it to Bitmain. Doesn't that make you wonder why they got everybody worked into a frenzy about AB just when they needed Segwit to get rammed thru?


What do you meann ASICboost doesn't increase the hashing rate in the current environment? If you mean the other chain, then that is true. If you mean the Bitcoin Cash Chain, are you stating the 20% increase in hash rate is vastly overstated?

Also if you think for more than one second, Ver and Jihan are pumping hundred of millions into BTC, and probably much less into BCH. Jihan runs the largest BTC mining hardware manufacturer, why wouldn't he be pro-BTC? He likely has millions of his own fortune intrinsically tied up with BTC's fate. Ver was known as "Bitcoin Jesus" for giving away what is now millions of dollars worth of BTC. I think it's safe to say he is pro-BTC.  The only thing they don't like is the Kore team and how they are deliberately crippling BTC with 1MB blocks, Segwit, and RBF, to provide an excuse for Lightning to save the day. Which you should know is such a stupid plan, if you've read any current research on the subject.

Ver probably has the best of intentions. However, Jihan's motivation is to have as much control as possible; not only with the mining aspect but with the direction of future development as well. If he can basically get KORE fired, I'm sure he'd be more than willing to fill the gap. How perfect for him to be able to totally control the destiny of BTC. In the mean time, if he can't accomplish his desire for absolute power on the BTC chain, he has Bitcoin Cash that he can totally control.


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.

I happen to know from experience that large blocks can be a problem for casual users. I happen to own a shitcoin that made the mistake of having 30 second blocks. My computer has a hard time keeping up with these blocks, because it needs to spend time downloading the new blocks and verifying them. Since most of the blocks on this chain are empty, I can't imagine how difficult it would be for my computer to keep up with blocks that are near capacity. In order for a coin to properly scale on-chain with 10 minute blocks so that it can realistically compete with Visa, you would probably need 1GB blocks. This definitely would exclude a casual user from realistically running a node. It would also make entry for any start ups who need to run a node, like a new exchange, more difficult.
PS: I am not running a Raspberry PI.
 



1GB blocks over the next 10 years would mean needing to download, store and verify over 500 PetaByte that's huge

Even 100MB blocks would be 100 TeraByte over the next 10 years

The 8MB blocks now would be 4 TeraBytes over the next 10 years

And the BTC 1MB blocks would be a measly 500GB over the next 10 years

The above would be true if all blocks were full which can be easily inflated with spam attacks etc that's one of the reason to have smaller capped blocks over unlimited sizes

With a unlimited block size yes it would be cheaper and you could spam the mempool all day long to yourself with 0 fee transactions making the blockchain huge and it would cost you nothing now try the same with a capped block and it's going to cost you a fortune and you may as well just burn your money


Just blindly increasing the blocksize is retarded first you should optimise the storage medium (Segwit>schnorr signature etc) then scale up as needed


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October 21, 2017, 04:38:32 PM
 #7052

..

What wallet do you recommend for bch except hardware wallet

i just recommend coinomi for all my coin
yes , on mobile wallet if asking about it
safe as i know , easy and simple

I want for laptop

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October 21, 2017, 04:44:22 PM
Last edit: November 10, 2017, 05:13:32 PM by player99
 #7053

Buy and sell is the way to go, nice action on this one.
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October 21, 2017, 04:49:30 PM
 #7054

..

What wallet do you recommend for bch except hardware wallet

i just recommend coinomi for all my coin
yes , on mobile wallet if asking about it
safe as i know , easy and simple

I want for laptop

Full node: Bitcoin ABC
Lite Wallet: Electron Cash
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October 21, 2017, 05:27:25 PM
 #7055

..

What wallet do you recommend for bch except hardware wallet

i just recommend coinomi for all my coin
yes , on mobile wallet if asking about it
safe as i know , easy and simple

For coinomi  . Just needs to remember phrase and password? What does it means 'export keys' , I didn't get why this function exist when just to know words and password , am i wrong ?

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October 21, 2017, 10:24:43 PM
 #7056

Both bitcoin cash and bitcoin legacy have advantages and disadvantages. bitcoin cash can scale to mass adoption with peer to peer transaction level worldwide
bitcoin legacy could become a investment vehicle.A lot of institutional money would go into a bitcoin etf.There would be a lot of money in bitcoin legacy but it could not be able to scale like bitcoin cash
bitcoin cash would become the winner because of it,s peer to peer transaction use among people but for bitcoin cash to gain credibility maybe Craig Wright has to prove that he is satoshi if he does this bitcoin cash is going to 50000 dollars in a few months.
Right now bitcoin cash has bad press because people think it,s a broken coin with all the controversy around eda with the same problems as other coins with a broken chain
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October 21, 2017, 11:18:29 PM
 #7057

..

What wallet do you recommend for bch except hardware wallet

i just recommend coinomi for all my coin
yes , on mobile wallet if asking about it
safe as i know , easy and simple
Yes, i agree. But, coinomi just for mobile wallet. And for pc or laptop can use electron cash.

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October 22, 2017, 02:53:03 AM
 #7058

bitcoin increase but BCH is down. what happened with bitcoin cash
we hope the price will be increase too like bitcoin. hold for the long term

You're a hero member, and you're still surprised to see non-Bitcoin coins going down when Bitcoin is going up? That's funny  Cheesy

lol..bch is closer to her virtual value than btc of hers..bitcoin bubble/bch laugh loud

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October 22, 2017, 08:45:01 AM
 #7059


I don't disagree with your conclusion but your logic seems to be marred by regurgitation of talking points.

ASICBoost is a non-issue and really doesn't increase hashing that much in the current environment. Furthermore, ASICBoost was patented by a KORE DEVELOPER.  Nobody was screaming bloody murder about it when Lerner filed for the AB patent or when he licensed it to Bitmain. Doesn't that make you wonder why they got everybody worked into a frenzy about AB just when they needed Segwit to get rammed thru?


What do you mean ASICboost doesn't increase the hashing rate in the current environment? If you mean the other chain, then that is true. If you mean the Bitcoin Cash Chain, are you stating the 20% increase in hash rate is vastly overstated?


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.



Also if you think for more than one second, Ver and Jihan are pumping hundred of millions into BTC, and probably much less into BCH. Jihan runs the largest BTC mining hardware manufacturer, why wouldn't he be pro-BTC? He likely has millions of his own fortune intrinsically tied up with BTC's fate. Ver was known as "Bitcoin Jesus" for giving away what is now millions of dollars worth of BTC. I think it's safe to say he is pro-BTC.  The only thing they don't like is the Kore team and how they are deliberately crippling BTC with 1MB blocks, Segwit, and RBF, to provide an excuse for Lightning to save the day. Which you should know is such a stupid plan, if you've read any current research on the subject.

Ver probably has the best of intentions. However, Jihan's motivation is to have as much control as possible; not only with the mining aspect but with the direction of future development as well. If he can basically get KORE fired, I'm sure he'd be more than willing to fill the gap. How perfect for him to be able to totally control the destiny of BTC. In the mean time, if he can't accomplish his desire for absolute power on the BTC chain, he has Bitcoin Cash that he can totally control.

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.

I happen to know from experience that large blocks can be a problem for casual users. I happen to own a shitcoin that made the mistake of having 30 second blocks. My computer has a hard time keeping up with these blocks because it needs to spend time downloading the new blocks and verifying them. Since most of the blocks on this chain are empty, I can't imagine how difficult it would be for my computer to keep up with blocks that are near capacity. In order for a coin to scale properly on-chain with 10 minute blocks so that it can realistically compete with Visa, you would probably need 1GB blocks. This definitely would exclude a casual user from realistically running a node. It would also make entry for any startups who need to run a node, like a new exchange, more difficult.
PS: I am not running a Raspberry PI.
 


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.
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October 22, 2017, 08:49:24 AM
 #7060

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?




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