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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703566 times)
chilly2k
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November 11, 2017, 11:42:07 AM
 #7961

How come blocks are never even 100kb in size but the limit is astonishing 8Mbs? What was the point of forking?


The point was

1. To Block Segshit from being in the block chain
2. Increasing the Transactions Capacity so the fees are lower and transactions complete faster


Segshitcoin is currently 100 thousand unconfirmed transactions, with people complaining that they paid $14 to send $187 , and the transactions still have not arrived.
Only the stupid waste money & time like that.


╥Aztek
But that's rather pointless since nobody is even using BCH to come anywhere near the 8MB block size, It's like installing wind splitters and wings on a pinto. It may look "cool" to some, but it's stupid and it is not doing anything functional. Even with 200kb block size limit, BCH would have cheaper fees, since nobody cares about this shitcoin expect for chinese miners who dump BTC to buy this crap.
Even if BCH does get wide spread adoption, and 8MB blocks get filled to the last byte, full nodes would have to store (by my rough estimate) more than 100TB data.

https://twitter.com/ProfFaustus/status/928067676685049857

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A "home server" cluster that handles scale to 12,000,000 Tps on modified Bitcoin cash node today. 3 pb storage 7290 Xeon phi cards 65 million sig ops / second Rocks linux cluster Infiniband IOT. Cash. All global commerce for 7 billion ppl More! Scale to infiniti. Today

Go and buy one of these "home servers" then



Don't know about you but looks pretty pricey to me
Isn't that a paper towel dispenser next to that rack?  Is that located in a bathroom?  Denver maybe?  are there Emails still on it?  Smiley  J/K 

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tekmobile
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November 11, 2017, 11:43:21 AM
 #7962

How come blocks are never even 100kb in size but the limit is astonishing 8Mbs? What was the point of forking?


The point was

1. To Block Segshit from being in the block chain
2. Increasing the Transactions Capacity so the fees are lower and transactions complete faster


Segshitcoin is currently 100 thousand unconfirmed transactions, with people complaining that they paid $14 to send $187 , and the transactions still have not arrived.
Only the stupid waste money & time like that.


╥Aztek
But that's rather pointless since nobody is even using BCH to come anywhere near the 8MB block size, It's like installing wind splitters and wings on a pinto. It may look "cool" to some, but it's stupid and it is not doing anything functional. Even with 200kb block size limit, BCH would have cheaper fees, since nobody cares about this shitcoin expect for chinese miners who dump BTC to buy this crap.
Even if BCH does get wide spread adoption, and 8MB blocks get filled to the last byte, full nodes would have to store (by my rough estimate) more than 100TB data.

https://twitter.com/ProfFaustus/status/928067676685049857

Quote
A "home server" cluster that handles scale to 12,000,000 Tps on modified Bitcoin cash node today. 3 pb storage 7290 Xeon phi cards 65 million sig ops / second Rocks linux cluster Infiniband IOT. Cash. All global commerce for 7 billion ppl More! Scale to infiniti. Today

Go and buy one of these "home servers" then



Don't know about you but looks pretty pricey to me
Isn't that a paper towel dispenser next to that rack?  Is that located in a bathroom?  Denver maybe?  are there Emails still on it?  Smiley  J/K 

No its a gas boiler
zidane
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November 11, 2017, 11:49:34 AM
 #7963

I wonder if we will hit $1200 today?

Easily. And give it few weeks and than bch will hit 5000USD. Btc might fall under 100USD. We will see the flipping in the next time. Great time for all BCH believers.
I am happy that I sold all of my Segshit BTC.

I see a LOT of orders exchanging BTC into BCH right now. Definitely, I think people have started to realize... that BCH is the real McCoy.

It might look fast now but I think it will be faster and faster, once the flippening hits the tipping point, it will go super quick! ALL BTC owners should convert BTC into BCH before it's too late! There won't be time to react at the tipping point!



The best thing is that over 100000 transaction are stucking since yesterday on the segshit Bitcoin chain :-D

I am happy to change all of my BTC holding quiet cheao for arround 0.12 yesterday. Theflipping just started.
Waldozaur12
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November 11, 2017, 11:56:19 AM
 #7964

0.2 TODAY ? Grin
tekmobile
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November 11, 2017, 11:59:32 AM
 #7965

...

The best thing is that over 100000 transaction are stucking since yesterday on the segshit Bitcoin chain :-D

I am happy to change all of my BTC holding quiet cheao for arround 0.12 yesterday. Theflipping just started.


Yes, over 98000 as I type this. It will get very ugly soon when people start panicing to get rid of the BTC-SegWit-Legacy coin.

When the new DAA HF happens BCH will me much more unprofitable so lets see how well it works at keeping it stable and if it does fully work as expected then this will be good for both chains as there will be no more wild swings and finally stable hashing on both
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November 11, 2017, 12:01:12 PM
 #7966

Gentlemen, do not you think that the history of the Crypto-currency is being rewritten right now? Then the children of the school will be told only about the BCH) and forget about the old man Nakamoto)))
EMWEE
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November 11, 2017, 12:01:30 PM
 #7967

I just enjoy reading this thread...all those BCH haters that for some reason still follow this thread.
 

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Apraksin
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November 11, 2017, 12:07:48 PM
 #7968

Funny that the biggest flippening spammers all have a warning for untrustworthiness stuck to their name.

What goes up allways goes down, BCH might have a future but in the coming days there will be corrections, no such things as linnear growth.
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November 11, 2017, 12:14:50 PM
 #7969

Another $10B and BCH will be second!!!

https://coinmarketcap.com

Everything moving into really dangerous direction where people are looking confused to understand the whole structure about this. I'm enjoying this journey by looking over the people who are dreaming with open eyes for a such big thing in future.
tekmobile
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November 11, 2017, 12:15:00 PM
 #7970

Funny that the biggest flippening spammers all have a warning for untrustworthiness stuck to their name.

What goes up allways goes down, BCH might have a future but in the coming days there will be corrections, no such things as linnear growth.

Yes especially when the majority is coming from a single 0 fee exchange, roger has publicly stated he he going all in on BCH and shortly after the price surges from somewhere he regularly tweets from so probably selling and moving the rest of his BTC and when it does crash it's going to crash hard possibly harder than before simple due to how low people saw it go last time there also seems to be speculation that the HF may see a split and some hedging bets that they could see a new coin although this is highly unlikely to happen
artmen007
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November 11, 2017, 12:24:46 PM
 #7971

Now after a fork of Bitcoin did not take place immediately attention switched to the BCH. And BCH now has a number of advantages over BTC. Rogev Ver switched with bitcoin.com on the BCH. Developed classic BItcoin generally said that within a half year bch to get rid of the console CASH and wakes one of the original BITCOIN. well let's see. who took BCH $ 300 ones already X3 did and how many saddle until the end of the year

High risk high payoff
StratisKing
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November 11, 2017, 12:37:48 PM
 #7972

BCH is crazily pumping today, one day with 50% in green is the most significant pump I have seen, the market cap is 66% of Ethereum. Maybe after next 50% pump tomorrow, BCH's market cap will surpass ETH's market cap.
fajarkus12
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November 11, 2017, 12:38:23 PM
 #7973

Wow Bitcoin Cash is really runnig wild. Shocked 1000 dollar is amazing. Now the next stop will be at 2000 dollar. It´s very interesting to see where the way will go in 2018.
I think bitcoin cash price will nearly the same as bitcoin price in 2018. I also have assumption if bitcoin price up it mean bitcoin cash price down, and if bitcoin cash price up then bitcoin price down
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November 11, 2017, 12:43:22 PM
Last edit: November 11, 2017, 10:53:28 PM by Bitbobb
 #7974

"I will document the designs this year and we can start real business adoption and scale."

"I am not interested in making these. We will just make the opportunity for others"

Looking forward to any of these designs!

edit= I will put time, energy & resources into hosting at least one of these!  Will also work to spread adoption in the various ways I can.

Mark537
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November 11, 2017, 12:50:55 PM
 #7975

Why is this shitcoin pumping?  Anyone know?
tekmobile
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November 11, 2017, 12:55:05 PM
 #7976

Why is this shitcoin pumping?  Anyone know?

Roger selling his BTC stash for BCH as announced and expected price rose FOMO kicked in more started doing the same and will be followed by the dumping afterwards this is not sustainable it's all artificial on exchange there is very little happening on the actual blockchain
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November 11, 2017, 01:18:21 PM
 #7977

Why is this shitcoin pumping?  Anyone know?

You calling Bitcoin as a shitcoin?
vlom
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November 11, 2017, 01:22:17 PM
 #7978

i looks like new money is coming in. or they sold their BTC first and then bought BCH with KRW.

40.66% of the trading volume is from trades on Bithumb: BCH/KRW
13.28% / Bitfinex / BCH/USD.

and this is interesting too:
it's all artificial on exchange there is very little happening on the actual blockchain
waqasniaz007
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November 11, 2017, 01:24:12 PM
 #7979

Bitcoin cash is going crazy. I think its going to beat Ethereum.
let's see
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November 11, 2017, 01:29:30 PM
 #7980

1400 @ the moment hahaha
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