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

[johnsmithx]

Bingo.  And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?


Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.

Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working

When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/

On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.  

That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.

The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.

@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.

╥Aztek

What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.

This idiotic idea was mentioned here several times: "oh, whinny, whinny, there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.

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[Mrpumperitis]

Ive been so busy coin & mushroom collecting today 

Just saw my buys filled on bch 

Looks like its time for Bitcoin cash to do its thing now 

[alay1388]

Worst come to worst - you fork POW to POS/POI/whatever, and don't rely on miners anymore at all, that's true for both, all pow coins really. Miners are here to protect network, not to dictate how much whatever-coin is worth or whether it's viable or not.

The only thing as a coin developer you should care about - are your customers. Your reputation is secondary however, but ideally you should be clear, honest and accountable.

[TheMuppet]

 The billion dollar question is how will be gain traction in the real world? Only the people that are really deep into Crypto even know about it at this point. Bitcoin has a tremendous network already built in the real world. For bitcoin cash to survive long term they will need to spend a tremendous amount of time  Energy and money getting companies online stores and platforms to actually use it.

[MartinGandhiKennedy]

^

Yes! Exactly! And frankly, a few tweets like this: https://twitter.com/ProfFaustus/status/914055098531229696 will not help!

Dr Craig S Wright,

My vision with nChain is simple.

We will grow #BitcoinCash to be used by at least 5 Billion people in their daily transacting. Not as eGold. As money settled on chain.

Don't like it... be one of the few that don't use it.

Fast. Liquid. Safe. Global.

Is he on crack or something?

Crack? No. .. he is on mathematics! 

[Mrpumperitis]

Get filled with bch asap, this is ready to shot up anytime guys 

[tekmobile]

Get filled with bch asap, this is ready to shot up anytime guys 

You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping

It's starting to crash hard and may soon get to the point of no return when mass users start to cashout

[MartinGandhiKennedy]

The smell of weak hands makes me giggle in my sleep

[.cryptic.]

Get filled with bch asap, this is ready to shot up anytime guys 

You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping

It's starting to crash hard and may soon get to the point of no return when mass users start to cashout

Its hard to watch it going below 0.1 and sliding towards its all time low.I am in two  minds whether to scoop more at this low prize or wait longer for the prize to go down a bit more.

[classicsucks]

Bingo.  And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?


Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.

Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working

When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/

On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.  

That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.

The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.

@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.


╥Aztek

What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.

Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.

Code:

static const unsigned int MAX_BLOCK_SIZE = 1000000;

Only in Kore BTC are the blocks constantly full, to where certain uneducated people think that every block has to be that size... So of course you only use a bigger block when you need a bigger block!

"there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.

Your second statement is correct, but how does that follow from your initial claim?


While we're on the topic, I've seen 3 solid years of evidence that one megabyte blocksize limit DOESN'T work. And the reason that it couldn't be increased was copy/pasted by countless brainwashed little Kore minions on reddit was "becuz decentralized". Ironically, BTC Kore is all mined and "made in China", just all the rest of the shit people consume in USA/Europe.  


Right now the coin spammers, hackers, and govt. agents are letting their guns are cool off. When the mempools get full again and the networks are running at capacity, BCH will shine and BTC will poop the bed.

[starmman]

Get filled with bch asap, this is ready to shot up anytime guys 

You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping

It's starting to crash hard and may soon get to the point of no return when mass users start to cashout

Its hard to watch it going below 0.1 and sliding towards its all time low.I am in two  minds whether to scoop more at this low prize or wait longer for the prize to go down a bit more.

I've bought my original allocation back at some tidy profit - happy to speculate on a later rise

[tekmobile]

Bingo.  And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?


Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.

Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working

When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/

On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.  

That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.

The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.

@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.


╥Aztek

What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.

Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.

Code:

static const unsigned int MAX_BLOCK_SIZE = 1000000;

Only in Kore BTC are the blocks constantly full, to where certain uneducated people think that every block has to be that size... So of course you only use a bigger block when you need a bigger block!

"there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.

Your second statement is correct, but how does that follow from your initial claim?


While we're on the topic, I've seen 3 solid years of evidence that one megabyte blocksize limit DOESN'T work. And the reason that it couldn't be increased was copy/pasted by countless brainwashed little Kore minions on reddit was "becuz decentralized". Ironically, BTC Kore is all mined and "made in China", just all the rest of the shit people consume in USA/Europe.  


Right now the coin spammers, hackers, and govt. agents are letting their guns are cool off. When the mempools get full again and the networks are running at capacity, BCH will shine and BTC will poop the bed.

It's node decentralisation that starts to become a problem the miners may create the blocks but the nodes have to verify them this consumes bandwidth and CPU cycles if the blocks get big enough that they cannot be transferred and verified by the time the next block is found then you get useless empty blocks

Since most mining is done in China and they need to use slow VPNs to talk to most of the outside world this may be a problem antpool already struggles to mine 1MB blocks

[tekmobile]

Pretty much sums BCH up

https://twitter.com/MediumSqueeze/status/914402477583273984

[johnsmithx]

Bingo.  And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?


Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.

Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working

When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/

On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.  

That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.

The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.

@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.

╥Aztek

What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.

Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.

Code:

static const unsigned int MAX_BLOCK_SIZE = 1000000;

Only in Kore BTC are the blocks constantly full, to where certain uneducated people think that every block has to be that size... So of course you only use a bigger block when you need a bigger block!

You are not correcting anyone, you only just ridiculed yourself so much and on so many levels that I don't even know where to begin.

You not only didn't understand what I said but not even what I was responding to, and not even what they were talking about.

The first person was talking about bitcoin cash saying that most blocks are under 0.1MB and that there was only one 8MB block and it's not a proof of 8MB blocks working. The correct response to that is that if there ever was even one single 8MB block mined/stored/transported then that exactly is the proof of 8MB blocks working and the fact that there weren't/aren't more has nothing to do with the software, network or miners, because the blocks logically cannot be bigger than how many transactions exist in the mempool at the moment the block is mined. This is such a simple logic that even a 10-year-old would understand that and the fact that he seems to not get it was the DUH moment.

The second person didn't use any of the above valid arguments in his response and instead said that the miners only use bigger blocks when it's needed otherwise they use smaller blocksizes, to which I said that this line of reasoning is nonsense because he is basically saying that the miners could make 8MB blocks but they don't "use" them because it's not needed, implying they have a choice. That is simply not true. The miners don't have such a choice. The only thing miners can decide is to exclude some transactions, so in effect, indirectly, they can make the block smaller than it could be given the number of available mempool transactions. But they absolutely cannot make the block bigger. The miners don't "use" big blocks, the miners don't "use" smaller blocksizes, they don't "use" anything. The only thing that's happening is that the software automatically writes the mempool transactions into the newly discovered block and the only thing that miners can possibly do in this matter is to exclude some of them, that's all that they can do, nothing else. They don't choose any blocksize, they don't use any blocksize, they don't get to decide anything except excluding transactions. Again, I think this, too, is an elementary school logic but maybe I am wrong here, maybe the nuances and semantics are too subtle for young people brains, or maybe it's a language issue.

Now you pompously come here, apparently having no clue what any of us was talking about, irrelevantly showing some line of code that doesn't even exist in any of all 4 bitcoin implementations (it did exist in the bitcoin-core source code but was removed almost 2 years ago - "read the code bro") and has absolutely nothing to do with the matter anyway, and thinking that you are actually correcting anyone? Well, your arrogant and disrespectful behavior just won you a place on my ignore list, kiddo, and I won't even comment on the fact that I am most probably older than your parents.

[gembitz]

Sh2tGold vs. BitcornCash >.> #doom     ===> BTC foreverrrr     weeeee

[gembitz]

Bingo.  And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?


Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.

Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working

When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/

On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.  

That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.

The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.

@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.

╥Aztek

What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.

Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.

Code:

static const unsigned int MAX_BLOCK_SIZE = 1000000;

Only in Kore BTC are the blocks constantly full, to where certain uneducated people think that every block has to be that size... So of course you only use a bigger block when you need a bigger block!

You are not correcting anyone, you only just ridiculed yourself so much and on so many levels that I don't even know where to begin.

You not only didn't understand what I said but not even what I was responding to, and not even what they were talking about.

The first person was talking about bitcoin cash saying that most blocks are under 0.1MB and that there was only one 8MB block and it's not a proof of 8MB blocks working. The correct response to that is that if there ever was even one single 8MB block mined/stored/transported then that exactly is the proof of 8MB blocks working and the fact that there weren't/aren't more has nothing to do with the software, network or miners, because the blocks logically cannot be bigger than how many transactions exist in the mempool at the moment the block is mined. This is such a simple logic that even a 10-year-old would understand that and the fact that he seems to not get it was the DUH moment.

The second person didn't use any of the above valid arguments in his response and instead said that the miners only use bigger blocks when it's needed otherwise they use smaller blocksizes, to which I said that this line of reasoning is nonsense because he is basically saying that the miners could make 8MB blocks but they don't "use" them because it's not needed, implying they have a choice. That is simply not true. The miners don't have such a choice. The only thing miners can decide is to exclude some transactions, so in effect, indirectly, they can make the block smaller than it could be given the number of available mempool transactions. But they absolutely cannot make the block bigger. The miners don't "use" big blocks, the miners don't "use" smaller blocksizes, they don't "use" anything. The only thing that's happening is that the software automatically writes the mempool transactions into the newly discovered block and the only thing that miners can possibly do in this matter is to exclude some of them, that's all that they can do, nothing else. They don't choose any blocksize, they don't use any blocksize, they don't get to decide anything except excluding transactions. Again, I think this, too, is an elementary school logic but maybe I am wrong here, maybe the nuances and semantics are too subtle for young people brains, or maybe it's a language issue.

Now you pompously come here, apparently having no clue what any of us was talking about, irrelevantly showing some line of code that doesn't even exist in any of all 4 bitcoin implementations (it did exist in the bitcoin-core source code but was removed almost 2 years ago - "read the code bro") and has absolutely nothing to do with the matter anyway, and thinking that you are actually correcting anyone? Well, your arrogant and disrespectful behavior just won you a place on my ignore list, kiddo, and I won't even comment on the fact that I am most probably older than your parents.

antbleed ring a bell? :-D $BCH was fun VerTroll()..umm i just sold ... timberrrr weee

[tekmobile]

Here's Septembers month breakdown

[tekmobile]

Looks like BCH is dying slowly.  

Today so far is lower still and dropping

9.63%   0.09634522 BTC

When the difficulty first adjusted BCH was around 80% more profitable currently its only 53.4% more profitable

Right now its at its lowest of lows if you don't take into consideration the value after the initial dump when there was a mass selloff 

[tekmobile]

https://twitter.com/TuurDemeester/status/914187286773936128

Bitcoin cash has dropped 12.5% since Xapo unlocked it. What will happen once Coinbase does the same?

Also only 2 month before the holders at xapo are forced to either withdraw or sell for BTC

[gembitz]

Get filled with bch asap, this is ready to shot up anytime guys  

You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping

It's starting to crash hard and may soon get to the point of no return when mass users start to cashout

Its hard to watch it going below 0.1 and sliding towards its all time low.I am in two  minds whether to scoop more at this low prize or wait longer for the prize to go down a bit more.

I've bought my original allocation back at some tidy profit - happy to speculate on a later rise

i predict retrace to .06 weeee


#poof!