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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661529 times)
grasshpr
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October 28, 2017, 05:00:30 PM
 #7201

My Trezor BTC transaction with Normal fee is stuck because before sending it I didnt look at network status and lo and behold BCH EDA is activated again and miners switched to BCH because diff is to easy again. After 8 hours it will readjust again.
Any news regarding EDA fix/upgrade?
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David48l
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October 28, 2017, 05:03:28 PM
 #7202

BCC is going up after fork already. Maybe will pass 400$ but who knows ?Smiley

I want keep more than 100BCH in the most safest place except hardware wallet for around 10 years , Can you please guide me where i hold it?

Why not a hardware wallet that is the safest place following that then paper wallet

1 -Is it right that paper wallet will be empty at first transfer? if yes then what i have to do if i want spend few BCH a day
2 -I generated paper wallet on http://bccaddress.org/ , Is it trustable?
3 -With what software i can transfer funds in BCH ?

Regards

1. You don't have to empty a paper wallet on first transfer but by making a payment from it you need to import the private key to a online wallet removing it's high security element
2. I can't comment on bccaddress just seems a fork/clone of https://www.bitaddress.org which has been around for a long time both sites create a valid BCH privkey
3. There are various wallets BitcoinABC is the official full node client but will require a huge download of the blockchain or SPV wallets like Electron Cash that do not require you to store the entire blockchain

I generated papaer wallets , Where i import them ?

most if not all wallets will allow you to import the privatekey of a paper wallet or at least sweep all funds

Can you please tell me name one of the most trustable of them

Why not download a mobile wallet?

There are great

BITCOIN CASH IS THE REAL BITCOIN, BITCOIN SEGWIT IS PAYPAL
clixcoin
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October 28, 2017, 05:06:31 PM
 #7203

^

I personally like the wallet from bitcoin.com.

Coinomi is good choice to use this for BCH mobile app is working so nice and very trusted wallet. This wallet is working nice as hot wallet because we can keep store a lot coins into a single wallet.
tekmobile
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October 28, 2017, 05:08:50 PM
 #7204

My Trezor BTC transaction with Normal fee is stuck because before sending it I didnt look at network status and lo and behold BCH EDA is activated again and miners switched to BCH because diff is to easy again. After 8 hours it will readjust again.
Any news regarding EDA fix/upgrade?

There is supposedly a hard fork next month to implement a different difficulty adjustment but how it goes is to be seen

It does not seem to have consensus as some seem to deem the EDA superior  Huh while others are annoyed that the devs decided on the best implementation of the new DA without the users having a vote while others think it should just use the standard DA of bitcoin
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October 28, 2017, 05:12:00 PM
 #7205

My Trezor BTC transaction with Normal fee is stuck because before sending it I didnt look at network status and lo and behold BCH EDA is activated again and miners switched to BCH because diff is to easy again. After 8 hours it will readjust again.
Any news regarding EDA fix/upgrade?

In the next update of November will improve the mechanism eda

BITCOIN CASH IS THE REAL BITCOIN, BITCOIN SEGWIT IS PAYPAL
vortexz
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October 28, 2017, 06:16:56 PM
 #7206

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price
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October 28, 2017, 06:36:25 PM
 #7207

Bitcoin Cash already reched the bottom and stabalized it´s price. Right now we are gaining some momentum and it seems that we will see rising prices from now on. I think this can be the right time to get in.
lonesomestranger
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October 28, 2017, 06:40:04 PM
 #7208

I think everyone following Bitcoin Cash (BCH), should read the latest tweets from https://twitter.com/ProfFaustus, the more I read them, the more I am convinced he is Satoshi himself. Only a highly (unusually high) educated person like Dr. Wright could be the real Satoshi.

Also worth mentioning, it is such a breath of fresh air, handling BCH because of these super low fees. I can send it here and there without thinking too much about the fees. Damn BTC, took like $5 (!!!) fee to send to exchange today, that is waaay too high! Why? Because one full chicken costs around $5! I lost one full chicken, food for two days (!!!) just sending digital numbers, it's insane.

BCH will certainly have a very strong hand in most places in Asia.

Whenever the flippening happens, it will be a historical event, for sure. I now own more BCH than BTC (not in dollar value but number of coins). I will not trade these! I will do my best to hodl until the $500000 price prediction comes true. Cool

Yep, I guess I was wrong about BCH in many ways, and now seeing how the things really are, I definitely give my vote to BCH !From what I've heard, Bitcoin Gold stept with the wrong foot, they dont even have implemented replay protection, so making a transaction with BCG, is very dangerous! So, I'm on Bitcoin Cash, it took a while to convince myself, but thats it, and now I do believe that BCH is the only right alternative for a bigger block size and low fees Smiley

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October 28, 2017, 07:04:39 PM
 #7209

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price

Because the initial distribution went to everyone who owned coins on the original chain. This included those who absolutely wanted little to do with Bitcoin Cash and dumped their BCH as soon as they could figure out how. We should start seeing a turn around at some point. Eventually, the supply will  be distributed to the ones who actually believe in the coin away from the ones who don't want it. There will also be plenty of coins that go untouched by people who are too apathetic to even bother learning how to claim their coins.(It would also be beneficial to somehow figure out a way to stabilize the hash rate to mostly devoted miners, other than the BTC.top farm and the mystery miners' farms. Having chain hoppers who have no real interest in accumulating Bitcoin Cash, is not helping the price at all. Let the chain hoppers contribute to the two segwit chains. Cheesy)
quochuan29
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October 28, 2017, 07:08:32 PM
 #7210

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price
Because it name is BCC not BTC. and i do not think it will replace BTC

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October 28, 2017, 07:12:45 PM
 #7211

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price
Because it name is BCC not BTC. and i do not think it will replace BTC

It's actually BCH as stated on the official website
European Central Bank
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October 28, 2017, 07:16:52 PM
 #7212

In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all.

same as mycelium, and mycelium has more crap plastered over it sometimes.

it's cheesy but these people have to eat. there are programmers to pay, servers and nodes to run. i'd prefer it if they charged a one time fee myself and i'd happily pay it.

coinomi works fine for me too.
tekmobile
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October 28, 2017, 07:25:30 PM
 #7213

In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all.

same as mycelium, and mycelium has more crap plastered over it sometimes.

it's cheesy but these people have to eat. there are programmers to pay, servers and nodes to run. i'd prefer it if they charged a one time fee myself and i'd happily pay it.

coinomi works fine for me too.

Hardware all the way unless you can afford to loose everything

Only keep in a online wallet what you can afford to loose personally I just have sentinel installed (from the creators of samurai wallet) this is not a wallet as such as you cannot spend you can only import your public key or xpub and it just keeps track of your wallets and generates new receiving addresses from your xpub which is a perfect use for a hardware or paper wallet



svennnny
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October 28, 2017, 07:37:39 PM
 #7214

Why did the price go so much up ?
bones261
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October 28, 2017, 07:46:12 PM
 #7215

Why did the price go so much up ?

Jitters caused by the upcoming battle of the original chain and segwit 2x. Segwit 2x does have a chance of actually winning this battle. However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome. Is Garzik's scaling solution for BTC going to somehow rely on a ERC20 token? Really?  Cheesy
European Central Bank
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October 28, 2017, 08:18:26 PM
 #7216

However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome.

that's what's so stupid about the whole thing. i think there are enough people who dislike core, want a usable chain or don't care for another competent development team to take the helm, especially when it has all that business and hashing behind it.

despite all that they've done nearly everything possible to turn people off the idea - no discussion of replay protection just in case, disguising nodes, private mailing lists, weirdly blank responses to logical concerns.

i guess at heart they didn't want to do it if this is how it's panned out. i can't think of any other explanation.
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October 28, 2017, 09:19:07 PM
 #7217

If the miners rolled back segwit, then everyone that sent money to a segwit address could have their funds stolen immediately,
segwit address coins can be spent by anyone if segwit is no longer running on the network.

Well, that is kind of true. And kind of not. And I'm a Bitcoin Cash advocate, so keep that in mind.

First off, the only segwit transactions that are subject to the anyonecanspend issue are ones not already mined into a block. So if the miners wanted to to claim the value in those newly-anyonecanspend transactions, they would need to roll back the blockchain to release those transactions. Game theory suggests this is unlikely to happen.

Secondly, once those transactions become anyonecanspend again, while it is true that anyone can claim the value, those doing the claiming need to somehow get their claim mined into a block. As miners are able to mine any transactions they care to, and as miners are also able to claim these anyonecanspend transactions, this essentially makes these anyminercanspend transactions. The miners will ignore any competing modified transactions in preference to their own.

Of course, this latter fact is what makes my first observation above less than absolute. As more segwit/anyonecanspend transactions get bound up in the blockchain, the incentive for miners to collude to roll back the chain increases. With each and every segwit transaction.

It baffles me why the Bitcoin Segwit Core advocates -- who claim to distrust the miners so vociferously -- are able to look away from the trust they need to have in miners due to this issue.

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.
jbreher
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October 28, 2017, 09:27:13 PM
 #7218

Surely, making an ASIC isn't so difficult that only Bitmain and Bitfury can manufacture them from this point forward.

I know, right? It's almost as if everyone would rather whine and bitch and cast aspersions as to motivations rather than to expend the hard work to actually compete.

And this in the most open of all possible financial markets. Money suited to a libertarian's dream.

Whowouldathunkit?

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.
classicsucks
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October 28, 2017, 09:34:30 PM
 #7219

However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome. Is Garzik's scaling solution for BTC going to somehow rely on a ERC20 token? Really?  Cheesy

Everyone knows that 2MB blocks won't scale Segwitcoin that much, a second layer solution will still be needed. That's likely where Metronome comes in. Why wouldn't Garzik have essentially the same business model as Blockstream? Difference: he's smart enough to have a team who keeps their mouths shut and does what he tells them.

From my limited research, it's my understanding that Garzik is not dumb and he has plenty of ties with law enforcement and government agencies. My prediction is that Garzik will slowly start adding tracking and identity features to BTC. By that time the smart money will likely have exited to alts.


anyminercanspend transactions.

It baffles me why the Bitcoin Segwit Core advocates -- who claim to distrust the miners so vociferously -- are able to look away from the trust they need to have in miners due to this issue.

Excellent points, and I like the new term!
jbreher
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October 28, 2017, 09:59:31 PM
 #7220

Having chain hoppers who have no real interest in accumulating Bitcoin Cash, is not helping the price at all.

While that is true, having them join in is increasing the security of the BCH chain. And it will all balance out in time anyhow.

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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