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

[tekmobile]

[tekmobile]

Could someone explain me? If I have 100 BTC I will have 100 BTC + 100 BCH or I will have to choose whether I will spend 100 BtC or BCH.
Example, if I have 100 BTC and spent 10 BCH I will have 90 BTC?

You have 100 BTC+100BCH you can use both and spending one does for affect the other

[grasshpr]

lols , tek ,    if it wasnt for you, id prob not have my orders filled today  

imo, buy bcc asap, this is going to shoot up real fast  

btw.....mining at a loss to get cheap coin, 

You do realise if that one big miner gives in then everything you have is worthless you will not be able to sell it, you will not be able to move it you will loose it all overnight

Ask yourself "Do I trust this one miner, how much do I know him" after all this one entity is all that stands in the way from you having lots of BCH and having 0 BCH

Just out of curiosity, how do you know "other" is one entity?

[Mrpumperitis]

i remember the days/weeks & months , i would mine btc at a loss   (2012)
everyone would tell me, btc is a scam, it will die, blah blah

[AdamW_^_^]

i remember the days/weeks & months , i would mine btc at a loss   (2012)
everyone would tell me, btc is a scam, it will die, blah blah

thats true! investing means to invest in the future! i also remeber times in 2013 2 btc a day with mining... noone was interested lol
it will take time... i will stay invested

[tekmobile]

lols , tek ,    if it wasnt for you, id prob not have my orders filled today  

imo, buy bcc asap, this is going to shoot up real fast  

btw.....mining at a loss to get cheap coin,  

You do realise if that one big miner gives in then everything you have is worthless you will not be able to sell it, you will not be able to move it you will loose it all overnight

Ask yourself "Do I trust this one miner, how much do I know him" after all this one entity is all that stands in the way from you having lots of BCH and having 0 BCH

Just out of curiosity, how do you know "other" is one entity?

Usage patterns there have been a few quiet periods to force difficulty reduction etc and the entire "unknown" miners ALL disappeared at the same time and just after the difficulty they ALL came back at the same time while the other pool (ViaBTC) carried on creating blocks at their normal interval.

So that shows to me the "unknown" is all one entity or a group working together and if this goes and does not return then the BCH hashing power will probably be well under 1% of BTC with a extremely low difficulty then pretty much any BTC miner can wipe out this chain with the larger ones being able to do it possibly in 3-6 Hours although I think by then the remaining miners will have quit.

[tekmobile]

i remember the days/weeks & months , i would mine btc at a loss   (2012)
everyone would tell me, btc is a scam, it will die, blah blah

Thats when there was no competition now bitcoin is fully established and BCH is fighting a loosing battle and loosing ground daily

[Mrpumperitis]

i remember the days/weeks & months , i would mine btc at a loss   (2012)
everyone would tell me, btc is a scam, it will die, blah blah

Thats when there was no competition now bitcoin is fully established and BCH is fighting a loosing battle and loosing ground daily

no competition should have meant , mining wouldve been in profit...
it only went into profit, when competition came along...(alts)

[Noruka]

Well then there possibly remain very interesting events to be seen in the near future.

Yea I have a feeling BCH has brought a sword to a gunfight 

Ha, this is actually a good one. Though, I have heard of fights where a man with a knife beat a man with a gun!

[wezzy]

Wonder what kind of dump or panic will happen when poloniex will release their 60000 bcc... (down to hell?)

And why do you think everyone will sell their BCC?, in fact I believe at most only 10k will be sold, rest will keep it as an hedge ,

[AdamW_^_^]

i remember the days/weeks & months , i would mine btc at a loss   (2012)
everyone would tell me, btc is a scam, it will die, blah blah

Thats when there was no competition now bitcoin is fully established and BCH is fighting a loosing battle and loosing ground daily

no competition should have meant , mining wouldve been in profit...
it only went into profit, when competition came along...(alts)

thats true but i hate waiting for btc transaction to income, when polo does pairs in bch i will trade them in bch definetly... we will see. btc hashpower wasnt build in a day. its a week since fork. wtf are all people screaming. i think people arent right in this business without patience...

[Mrpumperitis]

lets see , who buys bcc..

people that hedge
people that missed btc (out-priced)
people that view it as a gd coin to trade (gd swings)
people that see big blocks as gd
people that mine
people that enjoy taking a gamble
people that like to invest long term

remember, there is less bcc than btc and its more than 10times cheaper = bargain  

[bones261]

According to Coinwarz, this coin is profitable to mine for a Bitmain S9, it just is not as profitable as BTC. At the moment Curecoin is the most profitable SHA256 coin to mine. However, I do not see a lot of people who mine BTC to hop on over to that. Even if the Bitcoin Cash community can get the difficulty down more and raise the price in the market more to make it more profitable than BTC, I doubt a lot of miners are going to switch. Many miners are just devoted to BTC no matter what.

https://www.coinwarz.com/miningprofitability/sha-256

[tekmobile]

Wonder what kind of dump or panic will happen when poloniex will release their 60000 bcc... (down to hell?)

And why do you think everyone will sell their BCC?, in fact I believe at most only 10k will be sold, rest will keep it as an hedge ,

Both poloniex and coinbase have stated they have not decided if they will allow buying or trading of BCH

So far all we know is they will allow you to withdraw to a wallet I dont know how this will affect things since a lot of people just keep their coins in coinbase instead of a paper/hardware or other wallet

[bones261]

Wonder what kind of dump or panic will happen when poloniex will release their 60000 bcc... (down to hell?)

And why do you think everyone will sell their BCC?, in fact I believe at most only 10k will be sold, rest will keep it as an hedge ,

Both poloniex and coinbase have stated they have not decided if they will allow buying or trading of BCH

So far all we know is they will allow you to withdraw to a wallet I dont know how this will affect things since a lot of people just keep their coins in coinbase instead of a paper/haedware or other wallet

The coinbase people can just transfer their BCC to another exchange wallet. I don't think coinbase will block a transfer if the address you transfer to is an exchange wallet or your own personal wallet.

[tekmobile]

Wonder what kind of dump or panic will happen when poloniex will release their 60000 bcc... (down to hell?)

And why do you think everyone will sell their BCC?, in fact I believe at most only 10k will be sold, rest will keep it as an hedge ,

Both poloniex and coinbase have stated they have not decided if they will allow buying or trading of BCH

So far all we know is they will allow you to withdraw to a wallet I dont know how this will affect things since a lot of people just keep their coins in coinbase instead of a paper/haedware or other wallet

The coinbase people can just transfer their BCC to another exchange wallet. I don't think coinbase will block a transfer if the address you transfer to is an exchange wallet or your own personal wallet.

Yea they can just may not be able to trade on gdax or buy with USD

[LTU_btc]

Wonder what kind of dump or panic will happen when poloniex will release their 60000 bcc... (down to hell?)

And why do you think everyone will sell their BCC?, in fact I believe at most only 10k will be sold, rest will keep it as an hedge ,

Both poloniex and coinbase have stated they have not decided if they will allow buying or trading of BCH

So far all we know is they will allow you to withdraw to a wallet I dont know how this will affect things since a lot of people just keep their coins in coinbase instead of a paper/haedware or other wallet

The coinbase people can just transfer their BCC to another exchange wallet. I don't think coinbase will block a transfer if the address you transfer to is an exchange wallet or your own personal wallet.

No, they can't. Coinbase so far didn't credited BCH to their users. Coinbase announced that they will start to support Bitcoin Cash only in January. People who where holding bitcoins on Coinbase during fork, now have to wait until they will be able to claim their BCH.

[tekmobile]

No, they can't. Coinbase so far didn't credited BCH to their users. Coinbase announced that they will start to support Bitcoin Cash only in January. People who where holding bitcoins on Coinbase during fork, now have to wait until they will be able to claim their BCH.

Thats not whats being said

In the poloniex and coinbase announcements they both said they they will allow users to withdraw their BCH but have not decided if they will open trading

so basically when coinbase do give users access to their BCH they may just be to just withdraw to a wallet address and nothing else

this is only happening due to the risk of a class action lawsuit I dont think they have changed their minds they will still be against BCH

[bones261]

Both poloniex and coinbase have stated they have not decided if they will allow buying or trading of BCH

So far all we know is they will allow you to withdraw to a wallet I dont know how this will affect things since a lot of people just keep their coins in coinbase instead of a paper/haedware or other wallet

The coinbase people can just transfer their BCC to another exchange wallet. I don't think coinbase will block a transfer if the address you transfer to is an exchange wallet or your own personal wallet.

No, they can't. Coinbase so far didn't credited BCH to their users. Coinbase announced that they will start to support Bitcoin Cash only in January. People who where holding bitcoins on Coinbase during fork, now have to wait until they will be able to claim their BCH.

I was writing in future tense.  

[Mrpumperitis]

David Farmer, communications director at Coinbase, officially announced that Coinbase will integrate Bitcoin Cash (BCH) support by January of 2018, crediting all bitcoin account holders that have had stored bitcoin on Coinbase prior to the August 1 hard fork.

Farmer stated:

    We are planning to have support for bitcoin cash by January 1, 2018,
 assuming no additional risks emerge during that time. 
Once supported, 
 customers will be able to withdraw bitcoin cash. 
We’ll make a determination at a later date about adding trading support.
 In the meantime, customer bitcoin cash will remain safely stored on Coinbase.