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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 658653 times)
tomkat
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November 02, 2017, 08:28:09 AM
 #7481

Message from Coinbase:
 November 16 will result 2 bitcoin blockchains.


Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.

What about BCH After the fork ?

Because S2X is Bitcoin upgrade supported by majority of miners, Coinbase should just upgrade their systems with the new software version and not list 2 coins. It creates unnecessary mess and confusion. Core can obviously create their own fork at the same time, and Coinbase should list the Core's coin separately.

BCH will fork to new DAA a week before S2X - this is because EDA could lead to unpredictable disruptions during S2X upgrade.
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tekmobile
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November 02, 2017, 08:34:19 AM
 #7482

Message from Coinbase:
 November 16 will result 2 bitcoin blockchains.


Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.

What about BCH After the fork ?

Because S2X is Bitcoin upgrade supported by majority of miners, Coinbase should just upgrade their systems with the new software version and not list 2 coins. It creates unnecessary mess and confusion. Core can obviously create their own fork at the same time, and Coinbase should list the Core's coin separately.

BCH will fork to new DAA a week before S2X - this is because EDA could lead to unpredictable disruptions during S2X upgrade.

S2X is not a bitcoin upgrade it's a fork and its no different from me cloning BitCash upping it to say 16MB and saying its a upgrade and expect everyone to just start using my version
peterfoca
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November 02, 2017, 08:36:34 AM
 #7483

I want to say: WikiLeaks rocks!  Cool
tomkat
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November 02, 2017, 08:40:39 AM
 #7484

Message from Coinbase:
 November 16 will result 2 bitcoin blockchains.


Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.

What about BCH After the fork ?

Because S2X is Bitcoin upgrade supported by majority of miners, Coinbase should just upgrade their systems with the new software version and not list 2 coins. It creates unnecessary mess and confusion. Core can obviously create their own fork at the same time, and Coinbase should list the Core's coin separately.

BCH will fork to new DAA a week before S2X - this is because EDA could lead to unpredictable disruptions during S2X upgrade.

S2X is not a bitcoin upgrade it's a fork and its no different from me cloning BitCash upping it to say 16MB and saying its a upgrade and expect everyone to just start using my version

Of course you're free to do it, but you need support from hash power - otherwise nobody is going to listen to you

On another note - see interesting article here https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/
conkeconke
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November 02, 2017, 08:42:19 AM
 #7485

Is the price spike due to the hard fork coming up in November?

Its because of the Code change and the fact people are starting to see BTC is not the real bitcoin.

So what is the real Bitcoin? Bitcoin Cash? Why is that and what about this code?

Is Bitcoin cash about to explode this month?







Bitcoin Cash did not Segwit like BTC.

The real Bitcoin follows the original white paper.

Exactly. BCH = The real "Bitcoin" which follows Satoshi's whitepaper.
other fork is just a fast cash grap while BCH is trying to follow the original whitepaper.
tekmobile
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November 02, 2017, 09:00:47 AM
 #7486

Message from Coinbase:
 November 16 will result 2 bitcoin blockchains.


Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.

What about BCH After the fork ?

Because S2X is Bitcoin upgrade supported by majority of miners, Coinbase should just upgrade their systems with the new software version and not list 2 coins. It creates unnecessary mess and confusion. Core can obviously create their own fork at the same time, and Coinbase should list the Core's coin separately.

BCH will fork to new DAA a week before S2X - this is because EDA could lead to unpredictable disruptions during S2X upgrade.

S2X is not a bitcoin upgrade it's a fork and its no different from me cloning BitCash upping it to say 16MB and saying its a upgrade and expect everyone to just start using my version

Of course you're free to do it, but you need support from hash power - otherwise nobody is going to listen to you

On another note - see interesting article here https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/

Miner support is no good if there is no user support the miners will only mine what the users deem valuable and that is bitcoin not B2X
Mallampue
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November 02, 2017, 09:26:50 AM
 #7487

go bitcoin cash is possible go to up 0.1 / btc
I see in several exchange the price is always increase. nice moving.
ipanda
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November 02, 2017, 09:33:05 AM
 #7488

go bitcoin cash is possible go to up 0.1 / btc
I see in several exchange the price is always increase. nice moving.

yes, after a long time of silence, now she is flying

but it might be a bit late for those who havent jumped early
vanessa81
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November 02, 2017, 11:51:41 AM
 #7489

Nice moving BCH  Smiley I do not know what to do, sell or keep for November 16.  ? If price will go to 0,1 btc thats nice, but i hope it will be the same after fork  Smiley
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November 02, 2017, 12:23:20 PM
 #7490

Bitcoin Cash, having a good times... I hope sell my BCH´s near the fork and have a good profit.   Grin
R-J-F
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November 02, 2017, 12:47:47 PM
 #7491


Some services (random order)
- https://www.yours.org/
- https://rocketr.net
- https://bitcoincash-games.com
- https://zoomdice.com
- https://safedice.com
- https://fairlay.com (soon)
- http://www.betcoin.ag/
Attention: do your own research to understand if they are scam or not


So you can't do anything useful with it except gamble?


LOL  It's all a gamble isn't it? Time will determine who comes out on top financially but, the "real" bitcoin will always be the original bitcoin.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
TeraBite
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November 02, 2017, 01:23:34 PM
 #7492

Nice moving BCH  Smiley I do not know what to do, sell or keep for November 16.  ? If price will go to 0,1 btc thats nice, but i hope it will be the same after fork  Smiley

It depends on your own goal what you want in short term I also think this is nice decision to take profit sell high and buy low this strategy is working into this coin. Let's see in future how many people will buy this to keep supporting the volume or it will go back little early.

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classicsucks
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November 02, 2017, 05:07:08 PM
 #7493


Whales will buy Bitcoin Cash cheap and sell Bitcoin at its all-time highs in preparation for the flippening. Then by leveraging huge amounts of capital, whales will push the price of Bitcoin Cash up and the price of Bitcoin down at approximately the same time as the split between Segwit1x and Segwit2x.
Miners will now be incentivized to switch from Segwit1x/Segwit2x to Bitcoin Cash due to improved profitability, while Segwit1x and Segwit2x both struggle on suddenly far lower mining power. Miners themselves may also be whales and will deliberately cause the incentives to shift for their own double gain.


It's a diabolical plan, but it could just work. Not sure I agree that it's the most likely scenario, but there's probably a 10-20% chance of this in my estimation. Ironically, the miners' gaming of the EDA caused everyone to setup a solid infrastructure to mine BCH and to switch rapidly between coins... but then BCH switches off the EDA right before the 2x fork... well played.

Investors and traders continue to underestimate the level of panic if/when 1x and/or 2x lose hashpower quickly. Last week we saw BTC lose about 35% hashpower, and the effects were noticeable. Now BTC is pumping through the roof, almost in response to that drop in hashing?

Personally, I've been watching the hashrate charts more than the price charts.

So you can't do anything useful with it except gamble?

"You can't do anything useful with it other than hold" might apply to BTC.
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November 02, 2017, 05:08:51 PM
 #7494

LOL  It's all a gamble isn't it? Time will determine who comes out on top financially but, the "real" bitcoin will always be the original bitcoin.

There is no original Bitcoin any longer. That ship sailed years ago. The question is which of the current pretenders implement the properties of the original.

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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November 02, 2017, 05:38:35 PM
 #7495

Imagine if Satoshi came out of the closet and said "the real bitcoin is peer to peer cash, or in other words Bitcoin Cash, BCH/BCC" I had a dream and I hope he comes out and says this or someone hacks his handle and says it for him.

I would need to revise my sells to 10k a coin.
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November 02, 2017, 06:04:03 PM
 #7496

satoshi was hoping it was gonna be 1 cpu per user too
No, he predicted ASICs. Bitcoin is secured not by democracy (which is weak security model anyhow), but by game theory of capitalism
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November 02, 2017, 06:38:43 PM
Last edit: November 02, 2017, 06:51:07 PM by Bitbobb
 #7497

satoshi was hoping it was gonna be 1 cpu per user too
No, he predicted ASICs. Bitcoin is secured not by democracy (which is weak security model anyhow), but by game theory of capitalism

Bitcoin used market forces to counter human greed by turning it into an asset as a necessary evil much like how the founders also did to protect the republic from human nature as long as possible.  T.J. put the job of private land disposal in the hands of fed cong.  and the states had the power to destroy private land via tax on profession and interstate commerce.  Dual sovereignty keeps one thing in multiple hands. By increasing the decentralization.. The jobs get broken up to preserve the object longer.. human greed being checked by market forces.  The end user is the best repository of risk especially when the risk borne is for their ultimate benefit anyway as is a money supply that is backed by little more than the goods and services of an economy.  It is actually offense to not have this system (public ledger) available. Thx Satoshi!

Force trumps power!  Democracy is actually a private law jural society existing within a larger positive law jural society.  Which in the usa is a constitutional republic.  

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November 02, 2017, 06:52:21 PM
 #7498

Completely disagree!

Listening nodes aren't "checks and balances" on miners. Miners are independent actors. Why no big miner proposes increase of coinbase? Game theory dictates: some more reward in the near term, crash of mistrust in the long term. Game theory, math, protects us from unbounded greed, nothing else. More miner invested in the coin - the better this agent will behave in regards to the coin's future success. Scaling issue hurted wallet processors the most, miners are pretty much indifferent towards blocksize if ecosystem is growing
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November 02, 2017, 06:56:30 PM
 #7499

Completely disagree!

Listening nodes aren't "checks and balances" on miners. Miners are independent actors. Why no big miner proposes increase of coinbase? Game theory dictates: some more reward in the near term, crash of mistrust in the long term. Game theory, math, protects us from unbounded greed, nothing else. More miners invested in coin, the better this agent will behave. Scaling issue hurted wallet processors the most, miners are pretty much indifferent towards blocksize if ecosystem is growing

my point considers that human greed is in fact yes checked by math and game theory.  Since they each bear the risk of their decision it is the perfect smallest unit possible that would have most incentive for good decision making.  It would make very small sense for the individual to agree to screw them selves over day after day economically. That is what people mean when they say market forces as I understand them.   The ultimate consideration of all things leading to any voluntary decision to buy or not buy for example..

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November 02, 2017, 07:01:06 PM
 #7500

My point is: Bitcoin is inherently anti-democratic. It supersedes jurisdictions, and those who have more will write laws in the future. Money is the oldest technology, not restricted to primates even, and wealth trumps any political system

People need to eat, thus, u can buy people
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