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

[David48l]

My Trezor BTC transaction with Normal fee is stuck because before sending it I didnt look at network status and lo and behold BCH EDA is activated again and miners switched to BCH because diff is to easy again. After 8 hours it will readjust again.
Any news regarding EDA fix/upgrade?

In the next update of November will improve the mechanism eda

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[vortexz]

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price

[Virtuoso]

Bitcoin Cash already reched the bottom and stabalized it´s price. Right now we are gaining some momentum and it seems that we will see rising prices from now on. I think this can be the right time to get in.

[lonesomestranger]

I think everyone following Bitcoin Cash (BCH), should read the latest tweets from https://twitter.com/ProfFaustus, the more I read them, the more I am convinced he is Satoshi himself. Only a highly (unusually high) educated person like Dr. Wright could be the real Satoshi.

Also worth mentioning, it is such a breath of fresh air, handling BCH because of these super low fees. I can send it here and there without thinking too much about the fees. Damn BTC, took like $5 (!!!) fee to send to exchange today, that is waaay too high! Why? Because one full chicken costs around $5! I lost one full chicken, food for two days (!!!) just sending digital numbers, it's insane.

BCH will certainly have a very strong hand in most places in Asia.

Whenever the flippening happens, it will be a historical event, for sure. I now own more BCH than BTC (not in dollar value but number of coins). I will not trade these! I will do my best to hodl until the $500000 price prediction comes true.

Yep, I guess I was wrong about BCH in many ways, and now seeing how the things really are, I definitely give my vote to BCH !From what I've heard, Bitcoin Gold stept with the wrong foot, they dont even have implemented replay protection, so making a transaction with BCG, is very dangerous! So, I'm on Bitcoin Cash, it took a while to convince myself, but thats it, and now I do believe that BCH is the only right alternative for a bigger block size and low fees

[bones261]

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price

Because the initial distribution went to everyone who owned coins on the original chain. This included those who absolutely wanted little to do with Bitcoin Cash and dumped their BCH as soon as they could figure out how. We should start seeing a turn around at some point. Eventually, the supply will  be distributed to the ones who actually believe in the coin away from the ones who don't want it. There will also be plenty of coins that go untouched by people who are too apathetic to even bother learning how to claim their coins.(It would also be beneficial to somehow figure out a way to stabilize the hash rate to mostly devoted miners, other than the BTC.top farm and the mystery miners' farms. Having chain hoppers who have no real interest in accumulating Bitcoin Cash, is not helping the price at all. Let the chain hoppers contribute to the two segwit chains. )

[quochuan29]

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price

Because it name is BCC not BTC. and i do not think it will replace BTC

[tekmobile]

If BCC is better than BTC in terms of features than why the price is not even 10% of BTC price

Because it name is BCC not BTC. and i do not think it will replace BTC

It's actually BCH as stated on the official website

[European Central Bank]

In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all.

same as mycelium, and mycelium has more crap plastered over it sometimes.

it's cheesy but these people have to eat. there are programmers to pay, servers and nodes to run. i'd prefer it if they charged a one time fee myself and i'd happily pay it.

coinomi works fine for me too.

[tekmobile]

In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all.

same as mycelium, and mycelium has more crap plastered over it sometimes.

it's cheesy but these people have to eat. there are programmers to pay, servers and nodes to run. i'd prefer it if they charged a one time fee myself and i'd happily pay it.

coinomi works fine for me too.

Hardware all the way unless you can afford to loose everything

Only keep in a online wallet what you can afford to loose personally I just have sentinel installed (from the creators of samurai wallet) this is not a wallet as such as you cannot spend you can only import your public key or xpub and it just keeps track of your wallets and generates new receiving addresses from your xpub which is a perfect use for a hardware or paper wallet

[svennnny]

Why did the price go so much up ?

[bones261]

Why did the price go so much up ?

Jitters caused by the upcoming battle of the original chain and segwit 2x. Segwit 2x does have a chance of actually winning this battle. However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome. Is Garzik's scaling solution for BTC going to somehow rely on a ERC20 token? Really? 

[European Central Bank]

However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome.

that's what's so stupid about the whole thing. i think there are enough people who dislike core, want a usable chain or don't care for another competent development team to take the helm, especially when it has all that business and hashing behind it.

despite all that they've done nearly everything possible to turn people off the idea - no discussion of replay protection just in case, disguising nodes, private mailing lists, weirdly blank responses to logical concerns.

i guess at heart they didn't want to do it if this is how it's panned out. i can't think of any other explanation.

[jbreher]

If the miners rolled back segwit, then everyone that sent money to a segwit address could have their funds stolen immediately,
segwit address coins can be spent by anyone if segwit is no longer running on the network.

Well, that is kind of true. And kind of not. And I'm a Bitcoin Cash advocate, so keep that in mind.

First off, the only segwit transactions that are subject to the anyonecanspend issue are ones not already mined into a block. So if the miners wanted to to claim the value in those newly-anyonecanspend transactions, they would need to roll back the blockchain to release those transactions. Game theory suggests this is unlikely to happen.

Secondly, once those transactions become anyonecanspend again, while it is true that anyone can claim the value, those doing the claiming need to somehow get their claim mined into a block. As miners are able to mine any transactions they care to, and as miners are also able to claim these anyonecanspend transactions, this essentially makes these anyminercanspend transactions. The miners will ignore any competing modified transactions in preference to their own.

Of course, this latter fact is what makes my first observation above less than absolute. As more segwit/anyonecanspend transactions get bound up in the blockchain, the incentive for miners to collude to roll back the chain increases. With each and every segwit transaction.

It baffles me why the Bitcoin Segwit Core advocates -- who claim to distrust the miners so vociferously -- are able to look away from the trust they need to have in miners due to this issue.

[jbreher]

Surely, making an ASIC isn't so difficult that only Bitmain and Bitfury can manufacture them from this point forward.

I know, right? It's almost as if everyone would rather whine and bitch and cast aspersions as to motivations rather than to expend the hard work to actually compete.

And this in the most open of all possible financial markets. Money suited to a libertarian's dream.

Whowouldathunkit?

[classicsucks]

However, that would put the coding in the loving care of Garzik, who is already dividing his attention on some ICO token, Metronome. Is Garzik's scaling solution for BTC going to somehow rely on a ERC20 token? Really? 

Everyone knows that 2MB blocks won't scale Segwitcoin that much, a second layer solution will still be needed. That's likely where Metronome comes in. Why wouldn't Garzik have essentially the same business model as Blockstream? Difference: he's smart enough to have a team who keeps their mouths shut and does what he tells them.

From my limited research, it's my understanding that Garzik is not dumb and he has plenty of ties with law enforcement and government agencies. My prediction is that Garzik will slowly start adding tracking and identity features to BTC. By that time the smart money will likely have exited to alts.

anyminercanspend transactions.

It baffles me why the Bitcoin Segwit Core advocates -- who claim to distrust the miners so vociferously -- are able to look away from the trust they need to have in miners due to this issue.

Excellent points, and I like the new term!

[jbreher]

Having chain hoppers who have no real interest in accumulating Bitcoin Cash, is not helping the price at all.

While that is true, having them join in is increasing the security of the BCH chain. And it will all balance out in time anyhow.

[classicsucks]

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

[grasshpr]

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

You mean for the next few hours? After 3 hours BCH diff increases 4x and miners move back to BTC

[jbreher]

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC.

[bones261]

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

Segwitcoin is already at 85213 Unconfirmed Transactions

If 2X activates, we could see Unconfirmed Transactions increase up to the millions, when would forever require fees in $100 range.

That will effectively end the use of segcrapcoin 1X by the poor and middle class.

Segcrap 1X loses it store of value feature, if it has no utility to act as a payment system.
Expect a 1930s style price crash of segcrapcoin 1X , if 2X activates.


╥Aztek

The mempool is probably not going to increase to the millions. I expect the transaction volume to decline significantly before the expected fork, which will give time for the original chain to catch up. The majority of the people are not going to figure out how to split their coins without replay protection. People are still having a hard time claiming their BCH, and BCH has strong replay protection. The transaction volume will not pick up again until there is either a clear winner, or very easy solutions to splitting their coins becomes available to the general public. While the battle is still ongoing, both segwit chains are going to be next to useless to all but the most technically astute, or fools who are not aware that their transactions are going to played on both chains.