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

[Mrpumperitis]

"Gold was once used for similar purposes. But IOUs (also known as bank notes) became much easier and cheaper tokens for paying instead of carting gold around. A very similar thing will definitely end up happening with BTC if it stays slow and expensive to use. The general public will end up never touching real bitcoins at all, instead they will go through financial intermediaries, with Bitcoin ultimately being detached from the financial system, just like how gold was detached from the modern financial system. We will again just be left with fiat tokens of some kind. This is why it is absolutely imperative that Bitcoin transactions be inexpensive and reliable. Bitcoin Cash is a particular upgrade to the Bitcoin system that tries to achieve this. The Bitcoin Core version is taking the opposite path and instead wants transactions to be expensive."

gd post for a newbie lol alot of truth, i agree.

Problem with the IOUs was they gave all the power to a few groups that printed the iou,
 leading to all the debt and financial problems we have today. While enriching the controllers.
This is what blockstream are trying to do, become to central bank for crypto.

I wouldnt mind if blockstream set-up their own coin/project from the start and tried everything they want to, in that case gd luck to them.
 im against them for trying takeover bitcoin, the market and the ticker.

As for the general public, yes in the past before internet, knowledge was limited and they trusted the financial intermediaries, and many still do.
However many are learning everyday that we dont really need financial intermediaries the same way we used too, due to being in a digital age.
People are now getting smarter when it comes to digital finance.

Bitcoin cash is the best option for all if we want things to stay the way we want to , but better.

[Mrpumperitis]

^im very sure, miners are selling the expensive btc and buying the cheap bch...while they can  

0.12s are about to be a thing of the past 

Your really think the vulture miners where mining to hodl? F2pool even made it easy for them by paying them BTC for the BCH they mined.

Yea thats what the image is supposed to look like to get the weak hands out...very smart imo
Crypto is an advanced game of poker.

[bones261]

^im very sure, miners are selling the expensive btc and buying the cheap bch...while they can  

0.12s are about to be a thing of the past 

Your really think the vulture miners where mining to hodl? F2pool even made it easy for them by paying them BTC for the BCH they mined.

Yea thats what the image is supposed to look like to get the weak hands out...very smart imo
Crypto is an advanced game of poker.

Well, just don't hold on too tight with your strong hands. You may find yourself holding the bag.

[Mrpumperitis]

^im very sure, miners are selling the expensive btc and buying the cheap bch...while they can  

0.12s are about to be a thing of the past 

Your really think the vulture miners where mining to hodl? F2pool even made it easy for them by paying them BTC for the BCH they mined.

Yea thats what the image is supposed to look like to get the weak hands out...very smart imo
Crypto is an advanced game of poker.

Well, just don't hold on too tight with your strong hands. You may find yourself holding the bag.

coins like $1eth, 1cent xrp and  under $300 bitcoin cash...buying at bottom is how i roll bonester 
at some point they are extremley under valued...bitcoin cash is that right now, its to cheap and wont stay this cheap for long.

i dont mind holding these coins, these are valuable assets and will all keep growing in value...i know this 100%

[MartinGandhiKennedy]

"A lot of people are telling me in trading rooms that they do not want to buy BCH because mining is centralized. I always ask them if they would have refused to buy Bitcoin in 2009 because mining was centralized. The conversation always stops here and I never got an answer."

[Mrpumperitis]

"A lot of people are telling me in trading rooms that they do not want to buy BCH because mining is centralized. I always ask them if they would have refused to buy Bitcoin in 2009 because mining was centralized. The conversation always stops here and I never got an answer."

MGK...your off to a flying start...another gd post 

i said the same to tek, that mining has went through many phases in the past and has had many big miners become smaller due to new players,
this is what every single one of us(me inc) knew from the day we began , miners must regularly invest in equipment and bring value to stay at the top.

2009 it was others majority mining, today we have people like jihan and many others,
tommorow we will have putin, kim, trump investing in mining farms to compete with each other, again bringing in more value...
but this will now happen on bitcoin cash ...giving bch those mcafee prices 

[MartinGandhiKennedy]

Thank you

Bitcoin is about being hard money. If 100% of everything mines and controls Bitcoin, the security model is HARD — no government, no company, and no one can take it over. If/when we split onto sidechains, a piece of what secures the network is taken away. Scaling is meant to be done on-chain. Removal of the block limit is the proper scaling solution. AKA ... Bitcoin Cash  

[Mrpumperitis]

^Anytime MGK m8

<--buying Bitcoin cash NOW 

[MartinGandhiKennedy]

^Anytime MGK m8

<--buying Bitcoin cash NOW 

Only thing holding it back and slowing it down is people's unwillingness to think for themselves and fall for propaganda.

Meanwhile, I am buying more   lol!

[boraboy]

well all the cryptos are crashing...

[Mrpumperitis]

well all the cryptos are crashing...

except a few , esp Bitcoin cash...solid as a....(what ever you want lol)
and now going up  
i got buys 0.126+  i dont think gonna be filled tbh

[MartinGandhiKennedy]

 

well all the cryptos are crashing...

except a few , esp Bitcoin cash...solid as a....(what ever you want lol)
and now going up  

Yeah   its because people are going over to Bitcoin Cash as a safe haven

I'm glad I managed to sell off a btc at $4800. phew! That was a close one its down to ~$4300 @bittrex

More BCH for me 

[Mrpumperitis]

well all the cryptos are crashing...

except a few , esp Bitcoin cash...solid as a....(what ever you want lol)
and now going up  

Yeah  its because people are going over to Bitcoin Cash as a safe haven

wow, your gd...you are almost legendary with what you know 

thats exactly whats happening aswell as many more reasons to buy bitcoin cash. 

[MartinGandhiKennedy]

The Revolution Will Not BTCe Centralized!    

[mt55]

well all the cryptos are crashing...

except a few , esp Bitcoin cash...solid as a....(what ever you want lol)
and now going up  

Yeah   its because people are going over to Bitcoin Cash as a safe haven

I'm glad I managed to sell off a btc at $4800. phew! That was a close one its down to ~$4300 @bittrex

More BCH for me 

You don't really think that Bitcoin will go down significantly, do you?

[TrumpBump]

CSW's vision: "It is not a battle to see BTC vs BCC, it is USD vs BCC and a war of use in time". Satoshi isn't a trader but a doer and warrior, and he would say the same thing.


   Craig_S_Wright
•
46m
   

The battle to come is the real battle. We are fighting and squabbling like children and all this does is allow fiat to grow, to let Visa stop Bitcoin cards to allow the existing system to remain in dominance.

I hate Ghandi's socialist bent, but he was right in one way. Sometimes you need to stop pushing back.

My past is a little unbelievable. I have 17 degrees not as I had something to prove, but as I love study and I find that formal education is a means to ensure that I do not take the easy way out. Each day we awake to make a choice. Do I get up and work and study or do I lay in and enjoy. That is at first a difficult decision. It was for me. There are so many things, so many good restaurants, so many good times I have missed in working and studying. The evidence is there for that, but it will not be for everything. All things come with costs and there are ways to attack using the truth and there are those who would attack what I am doing. Lightning and traditional settlement systems, AML and controlled power-bases suit some well.

So, the choice to have formal education and tell others was a decision. I can do it on my own, but when there is money on the line, we act in accord to that input. By announcing that I am in a degree, and paying money, I set a goal that is easier to achieve. IF and it is an IF they find a supervisor for my research proposal, I have applied for a third doctorate. Not as I have to prove anything, not as this makes me special, but as a means to ensure that I do not stop. It is a self imposed economic incentive.

Jihan has invested time and money into Bitcoin. More than all the Blockstream / Core people combined. I understand the smear techniques. I have been through them as you are I am certain aware. I am however learning and I have seen that Steel is made in the fire and through being hammered and I do not break.

Barry and others fear and attack. What they will learn is that once we start to see through them it no longer matters. I have learnt the zen art of not giving a fuck. I took my first company to listing (and then spent years in court with a 5% investor as a separate story) at 29. I have more money now than even Barry and crew would know what to do with.

Bitcoin is going to win.

That is what I am here for. That is why I will not go away. They can say I am a criminal. And they will in time just be more and more exposed for the frauds they are. I am here in the UK and I can travel back to Australia. Each time they state how I am on the run and yet appear publicly, they show their lies. Each lies grows and in time the will start to crumble.

Yes. I have something to prove.

I need to prove that Bitcoin can be all it can be.


Damnit, I cannot wait until September 10th when we finally get this ship back on course!

[x2666]

My past is a little unbelievable. I have 17 degrees not as I had something to prove, but as I love study and I find that formal education is a means to ensure that I do not take the easy way out. Each day we awake to make a choice. Do I get up and work and study or do I lay in and enjoy. That is at first a difficult decision. It was for me. There are so many things, so many good restaurants, so many good times I have missed in working and studying. The evidence is there for that, but it will not be for everything. All things come with costs and there are ways to attack using the truth and there are those who would attack what I am doing. Lightning and traditional settlement systems, AML and controlled power-bases suit some well.

I am so glad that I can say for myself I am at least 95% confident CSW is Satoshi. I appreciate the way he has handled his position of authority without becoming some malevolent psychopath hellbent on abusing his status.  

It is so true that you must make sacrifices in the pursuit of learning and creating. It bothers me the attitude of many people in Bitcoin who say not only that college is a scam but that they earnestly have no ambition towards furthering any specific skill. Pursuit of money for the sake of money alone is a hollow endeavor.

[Mrpumperitis]

We have received several inquiries to support Bitcoin Cash and decided to implement it into our merchant payment service. Coinify merchants and e-commerces can now add Bitcoin Cash to Bitcoin and 13 other cryptocurrencies as payment options for their customers.  https://news.coinify.com/coinify-merchants-accept-bitcoin-cash/

[Mrpumperitis]

    "Nodes only take so many KB of free transactions per block before they start requiring at least 0.01 transaction fee.... I don't think the threshold should ever be 0. We should always allow at least some free transactions."

    – S. Nakamoto, Sep. 7 2010




A little-noticed recent change by Bitcoin ABC / Unlimited developer /u/s1ckpig will restore this reserved space for "high-priority" transactions (which had been reduced to nothing in Bitcoin Core).

This will make 0-fee transactions possible again, with coins that have not been moved for a long time enjoying priority over recently moved coins.

It is still up to each miner to decide which percentage of their block size to allocate to this reserve. The default setting proposed in the change is 5% .

It is unknown at this time whether miners will run with this default, but allowing a small amount of free transactions would allow easier promotion of Bitcoin Cash's attractive properties, and so it is likely that the miners will support this.
 by LovelyDay https://reviews.bitcoinabc.org/D485

[Mrpumperitis]

 
Des...pa...cito 

                         ^bch                                     ^btc