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

[svennnny]

weeeeeee 15K https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

Novogratz also predicted last week that bitcoin could reach $40,000 by the end of next year. Too the MOOOOOOOOON 
Get rid of Bcash before it isn't worth anything you have been warned 

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[serby10101010001100010]

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Is that all you have left now cos any argument and that's all you seem to pull out

Every alt outperforms Bitcoin but etherium is lagging though even with fast uncapped blocks due to high network volume cos of those damn crypro kitties whatever they are lol can't say I've even had enough interest to even look

I'm not into eth, even tho it's the second market cap coin, but not so long ago, you seemed to be vey interested in btg I believe...

[serby10101010001100010]

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

[svennnny]

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

Let's see how it will go past $20.000 

[hardalisas]

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

Let's see how it will go past $20.000 

I guess it is very possible that 20,000 will be reached around Dec 10.
It is also possible that it will meet big correction then.

[Diego24]

weeeeeee 15K https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

Novogratz also predicted last week that bitcoin could reach $40,000 by the end of next year. Too the MOOOOOOOOON 
Get rid of Bcash before it isn't worth anything you have been warned 

You are nuts. Bcash is backed by very big players and still has a small marketcap. For BTC to go to $40.000 is less than x3. If Bcash goes x3 it didn't even hit 100B marketcap. Upwards potential for Bcash is much higher than BTC even if BTC stays the number 1 coin. 

[Diego24]

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

CME is 18 december. 10 december is from the other ones. However 10 december is on a sunday so I think it will be for the next day. But anyway, if BTC gets shorted, than Bitcoin Cash and almost all other alts will crash harder.

[svennnny]

Bitcoin reaching over 16K on GDAX !!!! 

BCash almost dropping below 0.8 compared to BTC !

[tekmobile]

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Is that all you have left now cos any argument and that's all you seem to pull out

Every alt outperforms Bitcoin but etherium is lagging though even with fast uncapped blocks due to high network volume cos of those damn crypro kitties whatever they are lol can't say I've even had enough interest to even look

I'm not into eth, even tho it's the second market cap coin, but not so long ago, you seemed to be vey interested in btg I believe...

Im not into eth either but I think it has no caps on blocksize and there is this crypto kittie thing going on no idea what it is but it's apparently causing a shit ton of on chain transactions which is probably something to do with the recent price hike but it's crippling the eth network making it congested and unusable

And I still have some BTG not loads though just over 2 BTG

[Lauda]

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC.

[tekmobile]

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC.

I feel a lot of trust and faith will be lost by the pure speculators and traders hoping to make a quick buck

[anon1]

^^lols


As the Bitcoin.com wallet approaches 1M installs, yesterday was the first time in its history that people used it to make more BCH transactions than BTC. - https://www.reddit.com/r/Bitcoincash/comments/7i6clx/as_the_bitcoincom_wallet_approaches_1m_installs/



  
BTC Slugwit about to hit 200k unconfirmed tx  

yikes!! "Coinbase Card payment unavailable as Unconfirmed Transactions hit almost 150k."- https://www.reddit.com/r/BitcoinAll/comments/7i5xl2/coinbase_card_payment_unavailable_as_unconfirmed/

Partnership Will Focus on Bitcoin Cash

The joint statement continued that the two firms will focus on developing systems for Bitcoin Cash, but will support various cryptocurrencies.

https://bitsonline.com/sbi-bits-nchain-bitcoin-cash/

    Both SBI Group and nChain Group share a commitment to massive on-chain scaling of the bitcoin network, in order to create a network that powers faster transactions with low fees, makes confirmation times reliable once again, and achieves enterprise-level capabilities.

It took a swipe at Blockstream and Bitcoin Core (though without naming the two groups directly), calling the 1 MB block limit on Bitcoin “artificial”.

   They believe that the Bitcoin Cash chain reflects this vision better than the original bitcoin chain (because Bitcoin Cash has a larger initial default block size of 8 MB, compared to the artificial 1 MB block limit on the original Bitcoin chain, and has plans to lift the block size even further with appropriate testing). Although SBI Group’s new ecosystem will support various cryptocurrencies, it will allocate resources to supporting Bitcoin Cash.

Both Kitao and nChain Group CEO Jimmy Nguyen went on to say they believe Bitcoin Cash represents Satoshi Nakamoto’s original Bitcoin white paper vision.
Nguyen added “Bitcoin Cash is the true Bitcoin”.
Bitcoin Cash Getting a Big Push in Japan

Bitcoin Cash coordinated merchant adoption campaigns and new meetup groups, there seems to be a push underway for Bitcoin Cash in Japan in particular.

SBI BITS’ parent company SBI Holdings and its subsidiaries been involved with Bitcoin for over a year now. In October 2017 announced it would acquire cryptocurrencies by sales and mining directly — for use in remittance, trade finance and payments.

It has also invested in exchanges bitFlyer and Kraken, and also joined with Ripple in 2016 to form SBI Ripple Asia.

SBI BITS formed in 2015, with a mission to handle SBI’s fintech strategy.

wow never knew SBI were so involved with BCH  
20 Sep 2017
FIN/SUM talk by SBI CEO 1/ He made SBI Crypto before BCH fork. He will take 30% share in BCH mining.
https://twitter.com/ETHxCC/status/910706407401328640
Japan's SBI CEO doesn't want to mine BTC only Bitcoin Cash: "He will take 30% share in BCH mining"

now 110% confident BCH will be on SBI and not btab ....WOWOWOW  

this is great news  

[mindrust]

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC.

I feel a lot of trust and faith will be lost by the pure speculators and traders hoping to make a quick buck

Looks like, Lightning Network was the last nail in bcash's coffin. (and Roger's)

Those new miners coming in 2018 will do the exact same thing to Bitmain.

[anon1]

LN, Thunder, sparks..  


"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."



"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.
 
So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess."

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f

[tekmobile]

LN, Thunder, sparks..  


"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."



"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.
 
So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess."

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f

Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks

[svennnny]

Bitcoin reaching over 17K on GDAX AMAZING just 300 USD away from hitting 20.000 on Bithumb WOHOOOO  

10 minutes later reaching 18K  

3 min later 19 K lets goooooo

[anon1]

Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks

"(Lightning fees are paid to peer-to-peer liquidity providers, and not miners) — Blockstream
Who are the liqudity providers? Exchanges.
This shows a motivation for Exchanges to use “Liquid sidechains” in partnership with Blockstream as part of the overall solution to reap in profits using the lightning network.
Some miners don’t seem too happy about that decision, and that’s why some decided to support the Bitcoin Cash network with their network power.
Who benefits from the lightning network and who doesn’t?
Who benefits: Blockstream, Exchanges, Users (kind of).
Who doesn’t benefit: Miners, Users (kind of)."

I'm guessing by mining pools you meant banks. 

[tekmobile]

Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks

"(Lightning fees are paid to peer-to-peer liquidity providers, and not miners) — Blockstream
Who are the liqudity providers? Exchanges.
This shows a motivation for Exchanges to use “Liquid sidechains” in partnership with Blockstream as part of the overall solution to reap in profits using the lightning network.
Some miners don’t seem too happy about that decision, and that’s why some decided to support the Bitcoin Cash network with their network power.
Who benefits from the lightning network and who doesn’t?
Who benefits: Blockstream, Exchanges, Users (kind of).
Who doesn’t benefit: Miners, Users (kind of)."

I'm guessing by mining pools you meant banks. 

Anyone with liquid assets can run a lightning node and yes this does include miners and exchanges also normal users as well also less likely as they will be less connected

The best places will probably be payment processors like bitpay or maybe your wallet spv node or anywhere in between and the ability to open and close channels can be automatic and seamless inside your wallet software

[Agro465]

bitcoin cash needs its own forum. There are many stupid people here who talk bad about bitcoin cash. people disappear from here. most of you probably do not have more than 1 btc and talk that stupid.

[anon1]

i agree^

Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks

Anyone with liquid assets can run a lightning node and yes this does include miners and exchanges also normal users as well also less likely as they will be less connected

The best places will probably be payment processors like bitpay or maybe your wallet spv node or anywhere in between and the ability to open and close channels can be automatic and seamless inside your wallet software

It baffles me on how you people down-play this hostile corporate take over of Btc by Block-stream. Like you don't care to see that what was once Bitcoin: A Peer-to-Peer Electronic Cash System will be replaced by their lightning and side-chain patented shenanigans, yet you vehemently attack BCH for trying to stay p2p. foh.


I keep telling myself, no one's this stupid or blind so I hope you're getting paid to troll/shill because if you're doing this for free you must really be stupid and blind. lols


btw
Slugwit has 209xxx unconfirmed transactions

bet it hits 300k tomorrow.