Grrizz
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August 12, 2017, 04:29:44 PM Last edit: August 12, 2017, 06:46:57 PM by Grrizz |
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-snip- now can i ask you, is segwit coin really necessary? is peter toad smarter than satoshi? what side are you on and why? thanks m8 IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo. None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly. The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.
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rakeapps
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August 12, 2017, 06:39:24 PM |
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bitcoin cash could become bitcoin this is not a financial advice but the price is cheap it,s getting cheaper to mine bitcoin cash then bitcoin
bitcoin developers and bitcoin core developers all want a bitcoin currency competition.This could be huge for bitcoin with several harforks all free money
bitcoin cash could become the main chain but the Lightening network is great so it could also become one of the winning chain.bitcoin legacy with the original bitcoin chain could be like digital gold and be worth a lot of money.with all this coming competition bitcoin price and it,s different versión is going to increase a lot in price and bitcoin could become a main currency in business and commerce
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fisheater
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August 12, 2017, 06:40:06 PM |
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BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly
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Perryl
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August 12, 2017, 06:49:22 PM |
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-snip- now can i ask you, is segwit coin really necessary? is peter toad smarter than satoshi? what side are you on and why? thanks m8 IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo. None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly. The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation. Satoshi, whoever he/she/they were, couldn't possibly have considered future technology that even we have yet to consider. Satoshi is likely still kicking around. Just like HTML continues to evolve, so will the blockchain.
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TeraBite
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August 12, 2017, 06:58:46 PM |
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BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly
Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign.
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Perryl
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August 12, 2017, 07:02:24 PM |
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I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.
I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.
I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.
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alani123
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Leading Crypto Sports Betting & Casino Platform
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August 12, 2017, 07:05:08 PM |
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I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.
I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.
I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.
I don't think that bch has any longer g term potential. It would probably be dead by the time the bubble popped, and not likely sooner than that. It's not possible for both to be sustained for long.
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bones261
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August 12, 2017, 07:09:45 PM |
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BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly
Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign. I thought the goal here was to establish that this fork is the legit fork. Anything less than the number one spot is a fail. This community better take giant leaps, not baby steps to reach their goal. I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.
I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.
I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.
If BCH passes BTC, it would be a feat that would rival any miracle found in the Bible. Ver would then truly deserve his title as Bitcoin Jesus.
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Noruka
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August 12, 2017, 07:12:29 PM |
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-snip- now can i ask you, is segwit coin really necessary? is peter toad smarter than satoshi? what side are you on and why? thanks m8 IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo. None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly. The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation. Well, I believe that Satoshi created a protocol where he thought about the things that he couldn't think about back then. He created a protocol that makes everything possible. In order to take that properly into account, it would be more fair to say that he obviously created a solution that excludes nothing fro becoming reality. This is the huge achievement of Satoshi.
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tekmobile
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August 12, 2017, 07:45:49 PM |
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BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly
Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign. Its possible to reach $400 quite easily but by then BTC will probably be nearer $8000+
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wiked1
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August 12, 2017, 07:55:29 PM |
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So when do we start referring Bitcoincash as BCASH and Ticker BCH ??
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BTC-BTC-BTC
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August 12, 2017, 08:15:04 PM |
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So when do we start referring Bitcoincash as BCASH and Ticker BCH ??
BCASH is going to be (Maybe) another fork later. Better use Bitcoin Cash for now and ticker is BCH or BCC depends on the exchange.
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Odeoke
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August 12, 2017, 08:16:59 PM |
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So when do we start referring Bitcoincash as BCASH and Ticker BCH ??
Agreed with you OP must change the title of this thread according to the correct name BCASH. But some big exchange still using BCC that is why it is confusing at the moment.
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European Central Bank
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August 12, 2017, 08:23:47 PM |
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oh, they won't like the removal of the bitcoin part of the name. they'll change it to bcash when hell freezes over. it's a pride thing.
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johnsmithx
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August 12, 2017, 08:38:19 PM |
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So when do we start referring Bitcoincash as BCASH and Ticker BCH ??
Agreed with you OP must change the title of this thread according to the correct name BCASH. But some big exchange still using BCC that is why it is confusing at the moment. Do you both really don't know that Bcash is an entirely different coin? Or are you intentionally being stupid? From https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb: Announcing Bcash
Bcash is a new cryptocurrency that uses the existing Bitcoin ledger combined with Zcash privacy technology. It aims to alleviate the congestion in the Bitcoin network while protecting users with the strong privacy guarantees of Zcash technology. It is expected to launch in the first quarter of 2018.
Mini FAQ:
How can I buy Bcash? Bcash has not launched yet, there is no way to buy or sell it. Do not trust anyone offering to buy or sell Bcash at this time.
How is it related to Bitcoin Cash? They are entirely different projects.
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European Central Bank
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August 12, 2017, 08:40:34 PM |
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Do you both really don't know that Bcash is an entirely different coin? Or are you intentionally being stupid?
wow. one medium post. it's time to take this project seriously. other than that we're on the bcash thread right now.
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Mrpumperitis
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August 12, 2017, 10:49:00 PM |
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-snip- now can i ask you, is segwit coin really necessary? is peter toad smarter than satoshi? what side are you on and why? thanks m8 IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo. None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly. The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation. im not cutting anyone out, i got both versions of btc lol,, its the people that dumped for "free money" that may regret when they realise bcc is closer to the real btc i used to agree with what you are saying, until i began looking into it deeper. This 2 tier debate was happening at the start and satoshi believed we dont need another layer, btc can scale itself. If it were up to toad and co we wouldnt have even had 1mb blocks, they tried to stop it going up so many times and when it did they were proven wrong. Now, the thing is there has never been any proof that a 2tier system is better, and it does (segwit) lead to a more centralised version of btc. bcc has bigger blocks, they are here and as time passes imo they will prove satoshi was right. We all want whats best for the system overall and to me bitcoin should be pure and bcc is that, anything else ...go use an alt-coin. (you said) I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he..... (i say).... Satoshi has publically dissapeared from the scene because he prob realised he was wasting to much time and energy fighting a growing list of trolls lol.
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Mrpumperitis
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August 12, 2017, 11:59:40 PM |
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The only reason bcc isnt flying higher right now, imo is because many are waiting for cheap polo coins. Once thats out the way and many will realise there is no huge dump coming, there will be a huge swing. Mining and money will come towards bcc, im 100% confident. Something huge is coming and many wont even know until its happened. Prepare....buy/hodl your bcc, when coins come from polo, research before doing anything. Bcc= decentralised bitcoin btc= segwit centralised coin https://steemit.com/cryptocurrency/@krabgat/what-is-segwitThe arguments against Segwit are: The block size increase is not enough to satisfy the growing needs of Bitcoin’s user base. Others see a hidden agenda as a large number of people working on SegWit are also employed by a company called Blockstream, whose primary product is side-chain solutions. Because a side-chain’s transaction will be verified by a trusted third party it is an unacceptable compromise because this is what the blockchain is supposed to eliminate. The SegWit is providing solution to the following challenges in the network; Resolve the weak spot in the Bitcoin software Increase of the block size limit to an absolute maximum of 4 MB. The actual block size will depend on the network conditions. It is predicted by experts to be in the range of about two to 2.1 megabytes immediately after SegWit’s activation. Remove the barrier to the implementation of second-layer solutions (side-chains) like the proposed Lightning Network. Second-layer solutions remove the bulk of the transactions off the blockchain to a side-chain. (bcc solves these issuses and more)
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Mrpumperitis
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August 13, 2017, 12:42:36 AM |
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Description: Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity. If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin. OP
<---buying BCC
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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estenity
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August 13, 2017, 04:03:17 AM |
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The arguments against Segwit are:
The block size increase is not enough to satisfy the growing needs of Bitcoin’s user base. Others see a hidden agenda as a large number of people working on SegWit are also employed by a company called Blockstream, whose primary product is side-chain solutions. Because a side-chain’s transaction will be verified by a trusted third party it is an unacceptable compromise because this is what the blockchain is supposed to eliminate.
The SegWit is providing solution to the following challenges in the network;
Resolve the weak spot in the Bitcoin software Increase of the block size limit to an absolute maximum of 4 MB. The actual block size will depend on the network conditions. It is predicted by experts to be in the range of about two to 2.1 megabytes immediately after SegWit’s activation. Remove the barrier to the implementation of second-layer solutions (side-chains) like the proposed Lightning Network. Second-layer solutions remove the bulk of the transactions off the blockchain to a side-chain.
(bcc solves these issues and more) Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity.
If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin.
clear for me....
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