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

[Moneroman88]

I wonder how many real Bitcoin Cash fans there really are in total... anyone thinks more than 1000 persons?

/r/btc has more than 65k subscribers, so you can be sure there're more than 1000

that's interesting. however, /r/btc had tens of thousands of subscribers before Bitcoin Cash was released, didn't it?
the general consenus among the majority of Bitcoin fans seems to be that Bitcoin Cash is not even to be taken serious

[johnsmithx]

the general consenus among the majority of Bitcoin fans seems to be that Bitcoin Cash is not even to be taken serious

There is no such thing as the general consensus among the majority of anything. The majority of any group is always silent, they will never speak up so you will never know what they think.

[CraigWrightBTC]

While most people are keeping an eye on the Bitcoin price, there are other currencies making some moves as well. With most of the market in bearish or sideways mode for now, Bitcoin Cash is a notable exception. The Bitcoin Cash price has increased by 4.79% over the past 24 hours and reaching US$500 is certainly possible. It’s an interesting trend to keep an eye on, even though many people still doubt the viability of BCH.

BCH is down in the last 24 hours (-1.78%) to a share of (12.66% of BTC) and overall it's down over BTC too by a fair amount compared to what it was just a couple of week back (14.25% of BTC) and also less of a share from a month ago (16.43% of BTC) the only time it was really much lower was right after the initial dump where it bottomed out at 6.62% of BTC and then got pumped up to 20.91% of BTC and has been on a steady decline ever since with the little pump here and there for a day or so then back down it went

Relax dude, all of the price digital coins are down and that is no problem the new information i like is
Bitcoin.com chief executive Roger Ver has issued a $1 million challenge to F2Pool owner Wang Chun, who has claimed at a blockchain conference in Hong Kong that Bitcoin Cash “will be short-lived.”
The two executives were part of a roundtable discussion at the Bitkan-hosted 2017 Shape the Future Blockchain Global Summit, debating on the potentials of Bitcoin Cash versus the original Bitcoin. For his part, Wang said Bitcoin Cash will be abandoned soon, or as early as November, when another hard fork is expected to happen.

[tuanna1378sha]

I greatly appreciate you have a product and clear vision.

[tekmobile]

While most people are keeping an eye on the Bitcoin price, there are other currencies making some moves as well. With most of the market in bearish or sideways mode for now, Bitcoin Cash is a notable exception. The Bitcoin Cash price has increased by 4.79% over the past 24 hours and reaching US$500 is certainly possible. It’s an interesting trend to keep an eye on, even though many people still doubt the viability of BCH.

BCH is down in the last 24 hours (-1.78%) to a share of (12.66% of BTC) and overall it's down over BTC too by a fair amount compared to what it was just a couple of week back (14.25% of BTC) and also less of a share from a month ago (16.43% of BTC) the only time it was really much lower was right after the initial dump where it bottomed out at 6.62% of BTC and then got pumped up to 20.91% of BTC and has been on a steady decline ever since with the little pump here and there for a day or so then back down it went

Relax dude, all of the price digital coins are down and that is no problem the new information i like is
Bitcoin.com chief executive Roger Ver has issued a $1 million challenge to F2Pool owner Wang Chun, who has claimed at a blockchain conference in Hong Kong that Bitcoin Cash “will be short-lived.”
The two executives were part of a roundtable discussion at the Bitkan-hosted 2017 Shape the Future Blockchain Global Summit, debating on the potentials of Bitcoin Cash versus the original Bitcoin. For his part, Wang said Bitcoin Cash will be abandoned soon, or as early as November, when another hard fork is expected to happen.

Yes everything is down but these numbers are how much value BCH has lost compared to BTC

So yes BTC is down but BCH is down much more

[tomkat]

I wonder how many real Bitcoin Cash fans there really are in total... anyone thinks more than 1000 persons?

/r/btc has more than 65k subscribers, so you can be sure there're more than 1000

that's interesting. however, /r/btc had tens of thousands of subscribers before Bitcoin Cash was released, didn't it?

Majority of posters have been in favor of big blocks, so it's almost certain they are behing Cash too

the general consenus among the majority of Bitcoin fans seems to be that Bitcoin Cash is not even to be taken serious

Cash is third biggest coin in crypto - isn't it serious?

[postdang]

I greatly appreciate you have a product and clear vision.

[bitpotter]

I wonder how many real Bitcoin Cash fans there really are in total... anyone thinks more than 1000 persons?

It seems like there are many, and they just become anonymous.

[grasshpr]

problem is those fans have a hard time transacting bch while miners stop mining waiting for eda to kick in  
quickly now transact while you can 4 days 15 hours left
I hold bch as a hedge against btc, but this eda abuse is a circus. when will it stop

[tekmobile]

problem is those fans have a hard time transacting bch while miners stop mining waiting for eda to kick in  
quickly now transact while you can 4 days 15 hours left
I hold bch as a hedge against btc, but this eda abuse is a circus. when will it stop

The EDA is the equivalent of the government printing new money when they want to

[grasshpr]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

[tekmobile]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

[Mrpumperitis]

So quiet... calm before the storm?
I got a feeling a big drop is coming.
Doom and gloom!! Doom and gloom!

for me, what you say here..is a gd indicator of the opposite ...the dumpers, either ran out of coins or dont want to sell cheap imo

[winding-coils]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

That you cannot tell is, telling.  

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

[tekmobile]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

That you cannot tell is, telling.  

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

I'm meaning the way the miners are gaming the system

I can't decide if the EDA was intended to be games to keep profibility or if the gaming was a oversight and was not seen as a issue

Either way it's broken it went 12hrs with next to no blocks and is now back to hyper mining at 2.5min blocks which means another EDA in a few days when the difficulty shoots up probably 200%

By the time the halving happens BCH will be 1 month minimum most likely 6 or more months in advance

[classicsucks]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

That you cannot tell is, telling.  

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

[tekmobile]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

That you cannot tell is, telling.  

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

Satoshi designed it that way so the deflation would happen at a steady rate and the value/hashpower would adapt never once did he mean it should inflate at a much faster rate if the value did not support the hashpower

This is no different to a central government controlling the rate of inflation.

Jihans only plan is to gain as much BCH as possible in the shortest possible time

Funnily enough it's BTCtop that f##king it up this time currently having almost 50% of all blocks but was quick to abandon once profibility dropped

[MarketMagic]

[Virtuoso]

Great to see Roger Ver is on a mission 

[JJyarr]

EDA is a threat not only to bitcoin, but also bitcoin cash itself. what cryptocurrency creates financial incentive for miners not to mine lol is this proof of not work currency
I'd like to hear Roger Vers opinion on eda. I heard him saying he has some concerns over eda.
and its not an eda as in adjustment anyway, there is no emergency diff increase to save bch from inflation, only emergency diff reduction
maybe if bch ever gets decentralized enough to stop eda abuse it will stop. maybe

I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing

When you are dealing with billions of dollars worth of people's money you cannot afford for there to be ANY problems core may get some flak for slower releases but at least I can be confident any changes are tested 110% that it's faultless in its intended use and that it has also been rigorously tested in ways it wasn't supposed to be used because in a decentralised network once a crippling bug is discovered it may be impossible to remove without hard forking and core understand this

That you cannot tell is, telling.  

I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.

Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.

BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.

As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?

Until this coin stabilizes the difficulty/hash/price parameters, it will remain nonviable. The constant triggering of EDA will prevent it from being competitive with BTC.