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

[gembitz]

If he proved that he was Satoshi, this would be 10000000 BTC for 1 BCH.  (With no liquidity.)

i'm waiting for ANYONE behind this to contact me personally otherwise i call bullshit :-D haa

I give the chances of this actually happening to be about the same as me walking through a wall due to quantum tunneling.

exactly ~ i used to talk to Gavin but i lost contact to him after i demanded to see a "bitcoin bill of rights" :-D lol

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[TangentC]

User Makes the Point that the Shills that claim Core bitshit coin is being Spammed is False.

Last few days, price drop to low and until today there still about 90K unconfirmed transactions.
Many believe someone commit a "crime", spamming bitcoin network with low transactions which it not absolutely true.
I'll give you current calculation of bitcoin capacity:

Bitcoin transactions capacity:

FYI, bitcoin transaction capacity doesn't have correlation with hash rate.
> Block =  1 block/10 minutes, 6 block/hour & 144 block/day.
> Block Size: 1mb/block
> Transactions/block: 2150
Total transaction capacity/day: 309.6000
This mean bitcoin only able handle 3-4 trx/second.

questions is how big current transactions right now?
Go to this page: https://blockchain.info/unconfirmed-transactions

You can see average transaction up to 55 trx/second on peak hours. But we need look 24 hours average for this
With current real transaction volumes, bitcoin hard to handle all transactions. It why lot transaction stuck on mempool right now.
This give miner ability to force you to pay higher fee if you want to get confirmed. This like bribery in other words.

And when transactions volumes higher than max transaction volumes, doesn't matter how much fee you willing to pay, there always some transaction will stuck on mempool.

It why there was segwit2 proposal..but miner doesn't support it.
Because if block size bigger, there will be 0 transaction fee and they doesn't like it. We are on status quo right now....

At same time, bitcoin already get peoples attentions...which mean more people come in to trade bitcoin?

What do you think will happen with bitcoin when more people join?
I'm really worried about this

He should be worried segshitcoin is Broken, and the core devs have no intention to fix it.

[boraboy]

http://www.zerohedge.com/news/2017-11-13/japans-plea-millennials-please-buy-stocks

Great will be the collaps of stocks and great will be the rise of cryptos.

[cvdesty]

I am new to Cryptocurrency investing, but I am catching on quickly and seeing a big problem with Bitcoin transaction fees!

I was going to transfer around $300.00 to an exchange, that is, until I saw I was going to be charged more than $16.00 to do it! The same transaction amount using Ethereum only cost me $0.14. The transaction was also much faster than it would have been had I used Bitcoin instead of Ethereum. What a difference!

I am not saying I am going to start putting my money into Bitcoin Cash, but I can certainly see why there is a need for an alternative to Bitcoin.

Bitcoin fees must come down.

[cvdesty]

http://www.zerohedge.com/news/2017-11-13/japans-plea-millennials-please-buy-stocks

Great will be the collaps of stocks and great will be the rise of cryptos.

It is going to be interesting to see what happens to the foreign exchange market (FOREX).

[Rosewater Foundation]

Be nice to see someone dump 10K BTC for BCH that would create the flippening. especially if it was Satashi Nakamoto. What would he lose? BTC would dump to sub 5000K and BCH would jump to~4000 plus then you get the panic sellers and buyers jumping in.

10K come on Greg Wright I dare you!

you don't even know who the hell you''re praying to

[boraboy]

Although SegPoo2 was cancelled there is a possibility so pissed of people may mine it and what do you think will happen tomorrow night if this is the case? Interesting it may be in the middle of the night so Ill be up all night.

[boraboy]

Be nice to see someone dump 10K BTC for BCH that would create the flippening. especially if it was Satashi Nakamoto. What would he lose? BTC would dump to sub 5000K and BCH would jump to~4000 plus then you get the panic sellers and buyers jumping in.

10K come on Greg Wright I dare you!

you don't even know who the hell you''re praying to

I know the God I pray to very well and its not the god of money. You are going on my ignore list.

[boraboy]

Combined market caps of BCH and BTC alot

prices combined 8130.00

[TangentC]

I am new to Cryptocurrency investing, but I am catching on quickly and seeing a big problem with Bitcoin transaction fees!

I was going to transfer around $300.00 to an exchange, that is, until I saw I was going to be charged more than $16.00 to do it! The same transaction amount using Ethereum only cost me $0.14. The transaction was also much faster than it would have been had I used Bitcoin instead of Ethereum. What a difference!

I am not saying I am going to start putting my money into Bitcoin Cash, but I can certainly see why there is a need for an alternative to Bitcoin.

Bitcoin fees must come down.

 
Exactly and if they don't , economically you are forced to use another coin, and this will eventually kill core btc.
(It has no use, so it becomes worthless.)

It is Economics , since resources are not infinite but finite , wasting resources on artificially inflated transactions fees is insane.
And the transaction fees are artificially inflated , because Core Devs Never Fixed the Transaction Capacity Problem.    

[Bitbobb]

I cannot believe the seg wit trolls are this stupid.  It is actually not easy to be this stupid.  Is it possible that they had it too easy living off the back of bitcoin all this time that they let their brains go to mush???

For example 7 years and the forum that was made for bitcoin now rejects bitcoins rebirth?  It makes no sense.


I can understand that only the creator knew the full potential so these lucky people that got it handed to them without doing any work never fully appreciated nor understood it.  But now they act like a priest class guarding secrets they do not even understand.  Sort of painful to watch.


Bitcoin wears no clothes


Bitcoin cash is the electronic p2p cash that was proposed by Satoshi Nakamoto and is the asset class worth considering in my opinion.  


I have seen p & d coins before.  Just look at my signature line.  I wanted to rescue the trumpcoin since it was made by a famous pum and dump guy.  Whether or not he intended trumpcoin as a p and d did not matter because people still used it like one.  Finally now the stench is off the coin.  And so I am used to fud and p and d.  Even core tried to take us over by proxy (remember gembitz lol)  I had to fight very hard to stop core trolls from gutting the coin changing the algo, making huge premine for themselves and then mining the coin in house.  So I am well trained and aware of what goes on these days in crypto currencies.

However in my opinion this bch coin is not looking like a p and d.  I say that based on how much actually dumped after a new all time high was reached.

Dear LAUDA et al, All people are chained down to heavy toil by poverty more firmly than ever. They were chained by slavery and serfdom; from these, one way and another, they might free themselves. These could be settled with, but from want they will never get away. We have included in the constitution such rights as to the masses appear fictitious and not actual rights. All these so-called "Peoples Rights" can exist only in idea, an idea which can never be realized in practical life. What is it to the proletariat laborer, bowed double over his heavy toil, crushed by his lot in life, if talkers get the right to babble, if journalists get the right to scribble any nonsense side by side with good stuff, once the proletariat has no other profit out of the constitution save only those pitiful crumbs which we fling them from our table in return for their voting in favor of what we dictate, in favor of the men we place in power, the servants of our AGENTUR ... Republican rights for a poor man are no more than a bitter piece of irony, for the necessity he is under of toiling almost all day gives him no present use of them, but the other hand robs him of all guarantee of regular and certain earnings by making him dependent on strikes by his comrades or lockouts by his masters.

[classicsucks]

so something with 120,000 extra coins and (empty) 8mb blocks that were either arriving every 40 seconds or 4 hours until yesterday is more legitimate than the coin running on the unchanged original ledger.

that doesn't work for me.

What will happen to the price of bitcoin cash after the bitcoin gold will be tradable ?

nothing. it's a pure shitcon.

That's not entirely fair, given that this "problem" (which may actually have been intentional to circulate more coin and incentivize miners...) is now FIXED. Think of all of the bugs that BTC had in the early days. Heck, look at the current design flaws and the barely-functional network with astronomical fees!

According to your criteria, BTC is a massive sh!tcoin...

[classicsucks]

https://www.forbes.com/sites/spencerbogart/2017/11/13/bitcoin-vs-bitcoin-cash-a-story-of-prioritization-a-healthy-competition-in-money/#1e63b7ac4bcc

This guy doesn't get it at all. Total Blockstream propaganda copy/paste job. This massive centralization they predicted has yet to materialize, just as malleability was never a threat (only a weak excuse Karpeles used to avoid jail), ASICBOOST is simply an optimization, 8MB blocks are working completely fine in BCH. Asserting that Kore's top priority is decentralization has been debunked so many times - they're run and funded by a corporation named Blockstream!

Segwit is a pile of dogcrap. It has utterly failed to scale anything, and accounts for only 10% of current BTC transactions. Lightning will never be used by any sane human and Blockstream will run out of money.

[toshimoto]

Guys you may find this helpful as many of you wonder were Bitcoin Cash stands along side BTC and Ethereum :

https://coinmarketcap.com/charts/#dominance-percentage 

You can include and exclude coins at the bottom of the chart, just click on the coin's name.

Bitcoin dominance is clear all this years, but you can see that percentage of dominance has dropped from around 85%(at the beginning of the year 2017) to 54% (today).

This means essentially that the market is expanding and ALT coins steal shares of  from BTC dominance little by little.

I think WE as a BCH community have to stay strong and support the coin we believe in.

P.S. This is not a financial advice (you have to decide for yourself if https://coinmarketcap.com/ is a relevant and trusted source of information)

[roeks]

10K I think you ment 10Bar

[zidane]

Seems like BCH is getting down and down. I hope you guys sold early so you will be not a Bagholder with a useless copy and paste alt without any sense.
Bitcoin will be Number 1 forever. The fees are not important because if you want send fast money you have many other alts which are specialist for this.
Bitcoin is like real Gold, Bitcoin safes value, and than it is not important for me if I pay 0.2USD sending fee or 50 USD because I dont send it much times.

[Bitbobb]

Seems like BCH is getting down and down. I hope you guys sold early so you will be not a Bagholder with a useless copy and paste alt without any sense.
Bitcoin will be Number 1 forever. The fees are not important because if you want send fast money you have many other alts which are specialist for this.
Bitcoin is like real Gold, Bitcoin safes value, and than it is not important for me if I pay 0.2USD sending fee or 50 USD because I dont send it much times.

Bitcoin is not like gold it is 1's and 0's.  and people do not inherently need 1's and 0's in their life. 

 the reason bitcoin had the distinction of being a store of value is because it had demand from various peoples at all times, utility to do things that previously could not be done or only done with high cost/ risk and liquidity to move laterally into other forms without loss of "value".  Alts do not have that, not even close.

[clixcoin]

Seems like BCH is getting down and down. I hope you guys sold early so you will be not a Bagholder with a useless copy and paste alt without any sense.
Bitcoin will be Number 1 forever. The fees are not important because if you want send fast money you have many other alts which are specialist for this.
Bitcoin is like real Gold, Bitcoin safes value, and than it is not important for me if I pay 0.2USD sending fee or 50 USD because I dont send it much times.

Indeed bigger blocks don't make any sense especially when corporate try to take over with rumors. Bitcoin is the king of this crypto-universe and will be this is reality. This pump has been finished and now volume is also decreasing all around soon it will burst like balloon. 

[kizumin]

BCH is waiting to explode just like it was before.

[bitcoinPsycho]

BCH is waiting to explode just like it was before.

Yes up in your face