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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 658895 times)
mcfom
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November 16, 2017, 06:01:56 PM
 #9441

If no miners mine Segwit2X chain tonight Bitcoin will Dump cause people think they may get free popcorn...

If it is mined and new chain starts Bitcoin will dump from the chaos.


I have no idea what will happen and probably have no Idea what Im talking about. I don't even understand how a computer works. Its a magic cube.

ALl I know is that Bitcoin Peer to Peer Cash BCH is going to slowly rise from its oppressors and serve the world and universe if its around when we have intergalatic colonies.

Really you don't know what are talking so don't spread lies. Always talk responsible don't troll soon you will learn what is truth and what will happen in future.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Cryptobankrup7cy
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November 16, 2017, 06:03:04 PM
 #9442

stunning.

bitcoin has a tidal wave of innovation coming being worked on by thousands of different people and companies.  

bcash, uh, glued some bigger blocks to that little one.

Bcash won't takeover bitcoin but there will always be space for bcash as the other guy said.

Retards/low IQ people & Scammers need a coin too.

want legit bigger blocks look at ~*~BTX~*~ :-D imho BCH was korean fake pump<<

BTX(BitCore) is much more better than BCash!
BTX is the future! Get into the train cause the train is going now!
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November 16, 2017, 06:05:39 PM
 #9443

Bitcoin.com has taken out radio ads.
https://youtu.be/W9dUqTMs9O4
vitocorp
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November 16, 2017, 06:11:37 PM
 #9444

"Bitcoin cash has taken a beating today, but there are already signs of a potential bottom.
As of writing, the world's third-largest cryptocurrency by market capitalization is changing hands at $1,007. As per CoinMarketCap, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate has depreciated by 20 percent in the last 24 hours."

Seen at: https://www.coindesk.com/bitcoin-cash-dips-to-1000-but-a-recovery-may-be-on-the-cards/
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November 16, 2017, 06:19:03 PM
 #9445

Is this losing almost half of it's market cap (more than 14 bil) in 3-4 days just a minor speed bump?

Probably. After such a spectacular spike, a retracement is only to be expected. We'll likely experience several waves of FOMO overbuying followed by others taking profits on 'free coinz'.

When is the flippening happening?  

If the flippening happens, it will be after many cycles of the above.



Why on Earth would I want to eat in a warehouse with a capacity of 8000 people?

Because you actually get to eat, rather than go to bed hungry.

Quote
Sound more like Casa Bonita then the Brown Palace. 

But we have cliff divers! And roaming mariachis!
Grr. That's what I get for stretching an already-flawed analogy.
Apologies to our befuddled non-CO USA participants.



Do you still not understand the majority of people have already realized the low motives of the gang behind Bit/Altcoin Cash?

You are quite persistent at repeatedly spewing empty allegations. Yet for all your continued bluster, you have yet to offer any actual evidence.



To me, it's a waste of time.

And endless hours of trolling the thread of a coin in which you have no interest is a productive use of your time? Got it.



I heard that there was a fork of BCH happening days ago.
I haven't claimed my BCH yet. Is it possible for to claim both BCH and the fork?

Well, the intent was that it not be a fork, but merely an upgrade to improve the DAA. There were a few renegade users that did not want to upgrade. While it took a while after the upgrade activated, a renegade block was finally mined. And Bitcoin Clashic was born (I don't know if it has an official name, but I've seen several refer to it as such). Will it survive? Who knows? Is it worth claiming? Your mileage may vary. Not available in all jurisdictions. Objects in rear view mirror may be smaller than they appear.



That's the problem, there is no dev team, only charlatans. Not a single cypherpunk on board with BCH.
I think it is not fair to say that. There are some teams behind it.
That is pure bullshit. There are 2-3 developers that have never produced any worthwhile code for Bitcoin. In other words: There is no development team, there are a few children playing in the sand box.

Denigrating assertion does not stand up to the scrutiny of logic.

A team recently started probing at the limits of what the Bitcoin network can actually achieve. In terms of controlled experiments directly scaling transaction count, on a worldwide subset of machines, and recording the results. About time someone did this, eh?

AAR, they found that with today's satoshi client, and commodity consumer hardware, the system starts bogging down at about 100 tx/s. In terms of blocksize, that would be ~33MB blocks. So we obviously have considerable headroom in the system for improvement by means of simple increase of maxblocksize. This would consume about 25% of a single core of a typical 4-core CPU, with 16 GB RAM, and an SSD, while consuming about 3 Mb/s of network BW.

But they did not stop there. Due to the fact that allocating more CPU cores to the problem did not improve performance above this (i.e., that it consumed a smaller percentage of additional cores, with no increase in throughput), they postulated that suboptimal multithreading performance might be the root of the issue. So they refactored the code to employ contemporary concurrency design techniques. After such refactoring, the performance of the system - on the same HW - was able to process 500 tx/s. This would correspond to >150 MB blocksize. I repeat - on the same, consumer-grade, hardware. Of course, this results in an increased network BW consumption of 15 Mb/s.

So we see that, despite the maturity of the satoshi client (i.e., a decade of development by Bitcoin's supposed best), there is significant low-hanging fruit in the deficiency of the software design of the satoshi client. Deficiencies having to do directly with scalability. Deficiencies that -- so far -- have not been addressed by the core developers.

Whether core has nobody that understands concurrency, or whether they just deem scalability to be a low priority, is a matter of conjecture. But the truth is that the core developers have not:
- measured and published such transaction capacity tests
- determined where the lowest bottleneck in system transaction capacity lies
- coded up a fix to remove the lowest bottleneck to system transaction capacity
- measured and published results with the fix for this lowest bottleneck to system transaction capacity

- All this in a time when system transaction capacity is the hottest issue - and has been for about two years.

On the other hand, another team has. Who was it? A collaboration of members of the teams working on Bitcoin Cash.



Bitcoin will continue to dominate. That's not to say there won't be a place for Bitcoin Cash and others like it. In my opinion, consumers should see Bitcoin as a long term investment rather than a means to make every day purchases. If Bitcoin fees come down, that will change things, of course.

At this moment, fees for Bitcoin are 2636 times the fees for Bitcoin Cash.
(cashvscore.com)

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
garytheasshole
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November 16, 2017, 06:24:09 PM
 #9446


At this moment, fees for Bitcoin are 2636 times the fees for Bitcoin Cash.
(cashvscore.com)
And Dogecoin fees are basically non existent, your point is?

conspirosphere.tk
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November 16, 2017, 06:36:23 PM
 #9447

Shocked Shocked Shocked Shocked
What is going on with BCH? I guess there are too much of bitcoins:
So now we have:
Bitcoin
Bitcoin Gold
Bitcoin Cash (Clashic)
BCash (Jihan Wu coin)

Clashic means more shitcoins that I can claim and insta-dump even if I already claimed and dumped my Bcash?
ZhuldyzKaladinova
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November 16, 2017, 06:45:15 PM
 #9448

And endless hours of trolling the thread

There has not been a single post of mine that was trolling.  Do not lie.


Do you still not understand the majority of people have already realized the low motives of the gang behind Bit/Altcoin Cash?

You are quite persistent at repeatedly spewing empty allegations. Yet for all your continued bluster, you have yet to offer any actual evidence.

Empty allegations?  Care to elaborate / point me to examples of empty allegations?

Do you actually deny that Bit/Altcoin Cash was created as part of the peculiar plot to 'kill BTC'?  If so I must consider you a scammer.

classicsucks
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November 16, 2017, 07:14:31 PM
 #9449


This is the exact reason BTC has a whole 2 week difficulty adjust and not some short quick if no hashing is available downward adjust

The EDA was designed to stop the bcash chain dying and now it's being used against it because now the EDA is allowing the old chain to be mineable on lesser hardware and being used to attack

Im not sure on the legibility but there was talks that the EDA could actually cause a chain reorg where the SPV wallets could start following this EDA chain over the DAA one

OK lemme get this straight, a fork that is 100 blocks behind the main chain is a threat how? And someone is going to replay transactions on this sh!tchain and anyone will care? That chain is not a coin,  it's worthless! I really hope you're not losing too much sleep about that. Or, maybe you should convince an exchange to list that defunct chain?

Also how is your Bitcoin Gold investment faring? I tried to tell you to GTFO before the dump.

Looks like Vitalik got some death threats? Or he just can't take anymore whining... I thoroughly enjoyed his twitter threads taking apart Kore devs piece by piece - they were sabotaging him so much he built his own chain...

http://www.trustnodes.com/2017/11/14/vitalik-buterin-silenced-wont-comment-bitcoin-issues
mrRen_
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November 16, 2017, 07:16:25 PM
 #9450

It's more important to hold your cryptocurrency's and maybe more safe if you hold top 20 coins, if cap is gonna increase like it did this year, from january till now, you will gain wealth, and if goverment or the system wana do some big deal to coins and taxing, monero will start to fork Cheesy (power back to people)

Keep in mind, that there is very general tactic beeing used from the system upon people and that is DIVIDE and CONQUER Wink
tekmobile
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November 16, 2017, 07:21:12 PM
 #9451


This is the exact reason BTC has a whole 2 week difficulty adjust and not some short quick if no hashing is available downward adjust

The EDA was designed to stop the bcash chain dying and now it's being used against it because now the EDA is allowing the old chain to be mineable on lesser hardware and being used to attack9

Im not sure on the legibility but there was talks that the EDA could actually cause a chain reorg where the SPV wallets could start following this EDA chain over the DAA one

OK lemme get this straight, a fork that is 100 blocks behind the main chain is a threat how? And someone is going to replay transactions on this sh!tchain and anyone will care? That chain is not a coin,  it's worthless! I really hope you're not losing too much sleep about that. Or, maybe you should convince an exchange to list that defunct chain?

Also how is your Bitcoin Gold investment faring? I tried to tell you to GTFO before the dump.

Looks like Vitalik got some death threats? Or he just can't take anymore whining... I thoroughly enjoyed his twitter threads taking apart Kore devs piece by piece - they were sabotaging him so much he built his own chain...

http://www.trustnodes.com/2017/11/14/vitalik-buterin-silenced-wont-comment-bitcoin-issues

100 blocks behind with the EDA dropping the difficulty fast then all it needs is some more hashing power and it can get through a full 2016 period in a matter of days

remember when cash was so far behind btc and the eda helped it get 9000+ infront well the same can happen here

As for gold im good thanks it was all free and the extra I have gained was mined for next to nothing minus the little bit I bought I am well in front
alihassan99
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November 16, 2017, 07:25:39 PM
 #9452

i heard the chinese are investing in this coin?? is it true?? the price rising in the last 3;4 days was shocking and it was a good pump.. but what happen now ? the dump started and the bitcoin is again gaining its price. dumping other atcoins

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November 16, 2017, 07:37:05 PM
 #9453

what's the clashic block of forking?
tekmobile
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November 16, 2017, 07:44:59 PM
 #9454

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

A new official pool has been set up http://pool.bclashic.network:5964/static/
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November 16, 2017, 07:50:01 PM
 #9455

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

This part is very confusing so which one is original bitcoin cash. Clashic or BitcoinCashDAA can you explain about that?
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November 16, 2017, 07:52:01 PM
 #9456

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

This part is very confusing so which one is original bitcoin cash. Clashic or BitcoinCashDAA can explain about that?

any possible exchanges is this going to be listed on? Can I see the hashrate somewhere?
tekmobile
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November 16, 2017, 07:53:20 PM
 #9457

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

This part is very confusing so which one is original bitcoin cash. Clashic or BitcoinCashDAA can explain about that?


The current chain is like this

Bitcoin ---------------|-------------------------------------------
                              BitcoinCash--------------|Clashic----------------------
                                                                  BitcoinCashDAA-----------------------------------------
player99
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November 16, 2017, 08:00:54 PM
 #9458

"Clashic" what a name Smiley

MarketMagic
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Altbone inc.Burial service for altcoins


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November 16, 2017, 09:02:53 PM
 #9459

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

A new official pool has been set up http://pool.bclashic.network:5964/static/

Is this forked off new BCH or BTC legacy chain?

█████████████████████
tekmobile
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November 16, 2017, 09:14:12 PM
 #9460

what's the clashic block of forking?

Its not a fork it's a continuation of the Bitcoin Cash that BitcoinCashDAA forked from Clashic is the real Bitcoin Cash

A new official pool has been set up http://pool.bclashic.network:5964/static/

Is this forked off new BCH or BTC legacy chain?

Neither its a continuation of the old EDA chain before the new DAA fork basically just running ABC 0.15.x instead of the new DAA version 0.16.x
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