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

[tekmobile]

Nice one, orders getting filled between 0.13 -0.134,

Thanks guys 

(your not getting them back cheaper) 

I'll sell you some now if you want for a bargain 0.3 then you can officially say BCH has managed to get over 0.29 

[Mrpumperitis]

Nice one, orders getting filled between 0.13 -0.134,

Thanks guys  

(your not getting them back cheaper)  

I'll sell you some now if you want for a bargain 0.3 then you can officially say BCH has managed to get over 0.29  

I thought you didnt have any...well now that you do, dont worry you will beable to sell them for 0.3 or higher soon  

This is whats going on in this price range right now, and many cant even see it happening  



very roughly...
a few weeks ago i watched all bitcoin cash walls being gobbled up between 0.06-0.08, i knew its on lol
then i saw it again a few days ago from 0.11 to 0.140(ish) all walls gobbled up...i knew again itsa on
now after hitting over 0.15sa few days ago, we retraced and the gobbling up began again, like yesterdays walls being eaten...so itsa on 

[tekmobile]

Nice one, orders getting filled between 0.13 -0.134,

Thanks guys  

(your not getting them back cheaper)  

I'll sell you some now if you want for a bargain 0.3 then you can officially say BCH has managed to get over 0.29  

I thought you didnt have any...well now that you do, dont worry you will beable to sell them for 0.3 or higher soon  

This is whats going on in this price range right now, and many cant even see it happening  

I don't but it's easy enough to trade some BTC for that price

And good one pacman is BTC running around while the ghosts are BCH trying their hardest to catch it 

[Mrpumperitis]

^that makes no sense,lol

Its pacman (most of us) eating all the cheap bch and the ghosts are the trolls and dumpers trying to stop him 
Once he eats all the coins on that level (floor), it begins again ,higher up 

[tekmobile]

very roughly...
a few weeks ago i watched all bitcoin cash walls being gobbled up between 0.06-0.08, i knew its on lol
then i saw it again a few days ago from 0.11 to 0.140(ish) all walls gobbled up...i knew again itsa on
now after hitting over 0.15sa few days ago, we retraced and the gobbling up began again, like yesterdays walls being eaten...so itsa on 

And how big was these walls because currently in bittrex (I'm guessing cos you mention them a lot) they have in the last 24h traded less than 10BCH

[Mrpumperitis]

very roughly...
a few weeks ago i watched all bitcoin cash walls being gobbled up between 0.06-0.08, i knew its on lol
then i saw it again a few days ago from 0.11 to 0.140(ish) all walls gobbled up...i knew again itsa on
now after hitting over 0.15sa few days ago, we retraced and the gobbling up began again, like yesterdays walls being eaten...so itsa on  

And how big was these walls because currently in bittrex (I'm guessing cos you mention them a lot) they have in the last 24h traded less than 10BCH

the first walls @ 0.06-0.7 i think, it was well over 2k btc worth on kraken, that was a while ago
the rest were more recent and on polo ( i even said where yesterday before they got eaten up)

Right now we are seeing real low volume dumping....wait until the high volume pumping begins
This coin is simply to cheap at current prices and demand is growing everyday.

(what are talking about on trex, 24hour volume has been over 1100k btc)

[tekmobile]

very roughly...
a few weeks ago i watched all bitcoin cash walls being gobbled up between 0.06-0.08, i knew its on lol
then i saw it again a few days ago from 0.11 to 0.140(ish) all walls gobbled up...i knew again itsa on
now after hitting over 0.15sa few days ago, we retraced and the gobbling up began again, like yesterdays walls being eaten...so itsa on  

And how big was these walls because currently in bittrex (I'm guessing cos you mention them a lot) they have in the last 24h traded less than 10BCH

the first walls @ 0.06-0.7 i think, it was well over 2k btc worth on kraken, that was a while ago
the rest were more recent and on polo ( i even said where yesterday before they got eaten up)

Right now we are seeing real low volume dumping....wait until the high volume pumping begins
This coin is simply to cheap at current prices and demand is growing everyday.

(what are talking about on trex, 24hour volume has been over 1100k btc)

Yea missed some 0s off lol I'm on phone and predictive messes with stuff I should proof read but never do

Plus it's late/early here 6am been up all night working and half asleep that's my excuse anyway haha

[tuarequired]

bch moving past few days.

[tekmobile]

Going doooown hard now!!!   (USD)

Average market value is now 0.11843000 BTC so going down against BTC too

There also appears to be more segwit transactions happening on the BTC network compared to all the transactions of the whole BCH network

[winding-coils]

For reference Bitcoin BTC is at 4049 on cmc, is it going under $4k?

[tekmobile]

For reference Bitcoin BTC is at 4049 on cmc, is it going under $4k?

Or course it is there will continue to be steep declines all weekend

[MartinGandhiKennedy]

Lmao

http://fork.lol/reward/fees

[BillCoin]

Lmao

http://fork.lol/reward/fees

lol this is so funny.

And some people think that lower fees are better.

Lower fees mean weaker network at the long run.
Miners won't mine for a low cost, and at the moment bitcoins would stop being mined and only fees will be remained, miners would literally won't earn anything.

[blackjok3r]

What? Low fees are much better, more people will use it. Opens up micro payments, which was one of BTC's biggest use cases early on.

[tekmobile]

Lmao

http://fork.lol/reward/fees

lol! I swear I'm just waiting for exchanges to start renaming BTC to "Bitcoin Classic" and "BCH" to "Bitcoin".  

This is the most stupid observation ever

1. Bitcoin typically has around 2000 transactions a block compared to BCH that is usually under 50 so yes the reward in USD will be higher as there are many many more transactions in the block

2. Bitcoin is currently around $4000 while BCH is around $500 so yes the reward in USD will be much much higher as the market value in USD is much much higher per sat

Now let's take a vastly higher transaction count and multiply it with a vastly higher valued coin and explain to be why it is so much higher  



It's like saying you have 1 BCH transaction with a $1000 fee is twice as good as 8000 BTC transactions each with a $0.25 fee

In the above example the BCH block would have a $1000 reward while the BTC would have a massive $2000 reward so clearly is less superior  

Now when block rewards fall to almost nothing and the miners have to rely on just tx fees which one will be the most attractive

high tx count with high market value = high profit
or
low tx count with low market value = low profit

[ChainSmoker]

Lmao

http://fork.lol/reward/fees

Lol that simply means no one doing transactions in BCH chain.Good for miners to get that much fees in bitcoin chain.The less the block size,better for decentralization.I hope once LN gets activate in bitcoin the block size should be reduced to 500KB 

[winding-coils]

Bitcoin tops out at $5k and dips under $3k  and crickets from the SegWitters

BCC hanging out around $450-550   

The theory that miners don't want low fees is really interesting considering we have Jihan, Unnamed, Roger etc etc all begging (have been) for low fees and transaction times all of which are miners and all of which support the chain which supports low fees.... care to elaborate on that claim?

[tekmobile]

Bitcoin tops out at $5k and dips under $3k  and crickets from the SegWitters

BCC hanging out around $450-550  

The theory that miners don't want low fees is really interesting considering we have Jihan, Unnamed, Roger etc etc all begging (have been) for low fees and transaction times all of which are miners and all of which support the chain which supports low fees.... care to elaborate on that claim?

You will find it's more likely Jihan and co are against segwit and lightning taking fees away from the miners by keeping it all onchain they collect everything where with lighting the nodes get a very small cut of the off chain fee that could have been onchain and in the miners pockets

Bitmain etc are a for profit company their only goal is to maximise profits

How many companies do you know that think of ways they can reduce profits ?

[bones261]

Bitcoin tops out at $5k and dips under $3k  and crickets from the SegWitters

BCC hanging out around $450-550  

The theory that miners don't want low fees is really interesting considering we have Jihan, Unnamed, Roger etc etc all begging (have been) for low fees and transaction times all of which are miners and all of which support the chain which supports low fees.... care to elaborate on that claim?

You will find it's more likely Jihan and co are against segwit and lightning taking fees away from the miners by keeping it all onchain they collect everything where with lighting the nodes get a very small cut of the off chain fee that could have been onchain and in the miners pockets

Bitmain etc are a for profit company their only goal is to maximise profits

How many companies do you know that think of ways they can reduce profits ?

I think it's a hoot that he is now financing testing to see if 1 GB blocks are feasible. https://twitter.com/JihanWu/status/904184380083519488
Forget the raspberry pi to run a node, you couldn't even run a node on a very high end gaming rig with those kinds of blocks. I think Wu even had an interview recently about this. He claims that IBM offers a server about the size of a brief case that runs the node, or something like that. I wonder how much that would set someone back if they wanted to run a node?

[tekmobile]

Bitcoin tops out at $5k and dips under $3k  and crickets from the SegWitters

BCC hanging out around $450-550  

The theory that miners don't want low fees is really interesting considering we have Jihan, Unnamed, Roger etc etc all begging (have been) for low fees and transaction times all of which are miners and all of which support the chain which supports low fees.... care to elaborate on that claim?

You will find it's more likely Jihan and co are against segwit and lightning taking fees away from the miners by keeping it all onchain they collect everything where with lighting the nodes get a very small cut of the off chain fee that could have been onchain and in the miners pockets

Bitmain etc are a for profit company their only goal is to maximise profits

How many companies do you know that think of ways they can reduce profits ?

I think it's a hoot that he is now financing testing to see if 1 GB blocks are feasible. https://twitter.com/JihanWu/status/904184380083519488
Forget the raspberry pi to run a node, you couldn't even run a node on a very high end gaming rig with those kinds of blocks. I think Wu even had an interview recently about this. He claims that IBM offers a server about the size of a brief case that runs the node, or something like that. I wonder how much that would set someone back if they wanted to run a node?

Maybe try filling a 50-100Kb block first because right now that's proving difficult