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

[jbreher]

How much is hard cap?

Dude. Or dudette. It's bitcoin. Hence, 21M

[nick1492]

Definitely Bitcoin Cash is bitcoin. Only just a product of the fork. BCH will take its place as bitcoin that will be used to transfer coins to fiat money. Other exchanges around the world are now working on their central banks to accredit BCH as a medium of exchange.

[tomkat]

I see that several people get their trust level downgraded to negative if they criticize BTC.

What's up with that?  Is this supposed to be an echo chamber?

Yes. Theymos declared this statement of guiding principle some months ago.

theymos's post on this, for reference

I would consider it if it became a widespread, spammy problem, but I don't think that many people are confusing Bitcoin with Bcash on this forum. If someone is fraudulently passing off Bcash as Bitcoin, the most appropriate response is probably to give that person negative trust.

I consider the name "Bitcoin Cash" to be deceptive, but that's on the people behind it: I don't consider it deceptive/fraudulent for people to merely refer to that cryptocurrency as Bitcoin Cash.

[Mrnat]

correction time....
big btab/btc/segwit1x dump on the way

Boom 16K sucker 

BTC is going to the moon today, almost hit 18000$ at CexIo, and to the end of the year predictions are 25000$, next year 100000$..For BTC everything is possible, so so good, I love BTC

I sold out bch when it was 1600-1460-1300 and exchanged them to btc

Wise choice 

I don't know about BCH, I still have some,but mostly sold. Also expect higher price and hope also BCH will rice soon. I don't know comparing to BTC, BCH is still dropping, maybe in $ is still good price. BTC will and has influence to other Crypto currencies .

Look deeper, much deeper, dive inside the drama, and you will realize there is much more between bitcoin and bitcoin cash than the price and the history chain, when you will have everything clear, you will understand the true potential of each and its future,
Keep diving bro

[bitcoinPsycho]

correction time....
big btab/btc/segwit1x dump on the way

Boom 16K sucker 

BTC is going to the moon today, almost hit 18000$ at CexIo, and to the end of the year predictions are 25000$, next year 100000$..For BTC everything is possible, so so good, I love BTC

I sold out bch when it was 1600-1460-1300 and exchanged them to btc

Wise choice 

I don't know about BCH, I still have some,but mostly sold. Also expect higher price and hope also BCH will rice soon. I don't know comparing to BTC, BCH is still dropping, maybe in $ is still good price. BTC will and has influence to other Crypto currencies .

Look deeper, much deeper, dive inside the drama, and you will realize there is much more between bitcoin and bitcoin cash than the price and the history chain, when you will have everything clear, you will understand the true potential of each and its future,
Keep diving bro

utter bollocks. so many shitcoins much better than this one.let me ckeck my crystal ball ................BTC $100000 wink wink

[moonriver]

correction time....
big btab/btc/segwit1x dump on the way

Boom 16K sucker 

BTC is going to the moon today, almost hit 18000$ at CexIo, and to the end of the year predictions are 25000$, next year 100000$..For BTC everything is possible, so so good, I love BTC

I sold out bch when it was 1600-1460-1300 and exchanged them to btc

Wise choice 

I don't know about BCH, I still have some,but mostly sold. Also expect higher price and hope also BCH will rice soon. I don't know comparing to BTC, BCH is still dropping, maybe in $ is still good price. BTC will and has influence to other Crypto currencies .

Look deeper, much deeper, dive inside the drama, and you will realize there is much more between bitcoin and bitcoin cash than the price and the history chain, when you will have everything clear, you will understand the true potential of each and its future,
Keep diving bro

utter bollocks. so many shitcoins much better than this one.let me ckeck my crystal ball ................BTC $100000 wink wink

Are you sure about this?
You have to admit that BCH is now top 3 cryptocurrency.
If BTC hit $100000 someday, BCH should be around $10000

[hv_]

I see that several people get their trust level downgraded to negative if they criticize BTC.

What's up with that?  Is this supposed to be an echo chamber?

Yes. Theymos declared this statement of guiding principle some months ago.

Hmpff - looks I'm a lame goose - not gotten any decoration yet...

[lsd400]

people you have to understand ...bcash is just a BTC fork...did ver worked on bitcoin core dev ? when did he code something ever ?  come on...bcash is just a joke

Isn't Segwit BTC a fork as well? Correct if I'm wrong.

[bitcoinPsycho]

correction time....
big btab/btc/segwit1x dump on the way

Boom 16K sucker 

BTC is going to the moon today, almost hit 18000$ at CexIo, and to the end of the year predictions are 25000$, next year 100000$..For BTC everything is possible, so so good, I love BTC

I sold out bch when it was 1600-1460-1300 and exchanged them to btc

Wise choice 

I don't know about BCH, I still have some,but mostly sold. Also expect higher price and hope also BCH will rice soon. I don't know comparing to BTC, BCH is still dropping, maybe in $ is still good price. BTC will and has influence to other Crypto currencies .

Look deeper, much deeper, dive inside the drama, and you will realize there is much more between bitcoin and bitcoin cash than the price and the history chain, when you will have everything clear, you will understand the true potential of each and its future,
Keep diving bro

utter bollocks. so many shitcoins much better than this one.let me ckeck my crystal ball ................BTC $100000 wink wink

Are you sure about this?
You have to admit that BCH is now top 3 cryptocurrency.
If BTC hit $100000 someday, BCH should be around $10000

it's in the top 3 because ver ,wu and friends are propping it up and at the same time confusing newcomers with there lies . I don't no shit  sold litecoin at $240 and now look . the truth is we don't no how things are going to play out and that's what makes it so exciting

[hv_]

people you have to understand ...bcash is just a BTC fork...did ver worked on bitcoin core dev ? when did he code something ever ?  come on...bcash is just a joke

Isn't Segwit BTC a fork as well? Correct if I'm wrong.

You are correct - no doubt. It's just deployed with a soft fork - not hard as Bitcoin Cash.

[curt0]

I see that several people get their trust level downgraded to negative if they criticize BTC.

What's up with that?  Is this supposed to be an echo chamber?

Yes. Theymos declared this statement of guiding principle some months ago.

theymos's post on this, for reference

I would consider it if it became a widespread, spammy problem, but I don't think that many people are confusing Bitcoin with Bcash on this forum. If someone is fraudulently passing off Bcash as Bitcoin, the most appropriate response is probably to give that person negative trust.

I consider the name "Bitcoin Cash" to be deceptive, but that's on the people behind it: I don't consider it deceptive/fraudulent for people to merely refer to that cryptocurrency as Bitcoin Cash.

Well then, why did I get a negative trust?  I didn't claim that Bcash is Bitcoin.

Bitcoin Cash is a fork of Bitcoin, just like Bitcoin is a fork of Bitcoin.

[Bitbobb]

I see that several people get their trust level downgraded to negative if they criticize BTC.

What's up with that?  Is this supposed to be an echo chamber?

Yes. Theymos declared this statement of guiding principle some months ago.

Hmpff - looks I'm a lame goose - not gotten any decoration yet...

Maybe try to use less words over 9 letters each so the core devs and Lauda can understand you..  ;

here is a large platinum coin for you;  

And just know you are our blood brother with red ink till the end even if the bct overlords have omitted yours!


                      you know many a genius has described the moment of their idea as like a mental flash of light;

[Victorio]

Bitbobb,
So far 2 people have answered you about SDRs:
http://jbreher
http://me
I am waiting for my BCH to buy a coffee and some muffins.
Wish Roger Ver's shop sold RAM for desktops, I'd spend the prize there 

[lonesomestranger]

Definitely Bitcoin Cash is bitcoin. Only just a product of the fork. BCH will take its place as bitcoin that will be used to transfer coins to fiat money. Other exchanges around the world are now working on their central banks to accredit BCH as a medium of exchange.

No, it is not! BCH is a fork of Bitcoin and will always remain a fork! They should both coexist, BCH and Bitcoin, in the meaning that BCH is a lite version of Bitcoin, an alternative for paying less fees, to have faster transaction, but never ever BCH or any other forked coin will replace Bitcoin, in my opinion!

[hv_]

I see that several people get their trust level downgraded to negative if they criticize BTC.

What's up with that?  Is this supposed to be an echo chamber?

Yes. Theymos declared this statement of guiding principle some months ago.

Hmpff - looks I'm a lame goose - not gotten any decoration yet...

Maybe try to use less words over 9 letters each so the core devs and Lauda can understand you..  ;

here is a large platinum coin for you;  

And just know you are our blood brother with red ink till the end even if the bct overlords have omitted yours!


                      you know many a genius has described the moment of their idea as like a mental flash of light;

Hehe, cool. I take a copy and will hodl it for ever. Thanks 

[Bitbobb]

Bitbobb,
So far 2 people have answered you about SDRs:
http://jbreher
http://me
I am waiting for my BCH to buy a coffee and some muffins.
Wish Roger Ver's shop sold RAM for desktops, I'd spend the prize there  

Thank you for participation. really thank you!!  However none of the answers are correct thus far and I never agreed to reward participation only the correct answer.  The un did not invent SDR's unlike the popular myth they post everywhere..

I knew this topic was hard to find answers to using any modern internet search methodologies.  Unless you studied this topic a long time ago or know how to offline research then it will be hard to find.

[jbreher]

Bitbobb,
So far 2 people have answered you about SDRs:
http://jbreher

yeah... Bitbobb answered me in PM. Evidently, I made a false claim about the origin of the SDR. Accordingly, my answer was deemed unworthy. I wasn't clear that the origin of the SDR was a necessary part of the answer, but I'm fine with the outcome. Bitbobb's challenge, Bitbobb's rules.

Thanks tho.

(hey look - I'm a TLD!)

XD

[Bitbobb]

Bitbobb,
So far 2 people have answered you about SDRs:
http://jbreher

yeah... Bitbobb answered me in PM. Evidently, I made a false claim about the origin of the SDR. Accordingly, my answer was deemed unworthy. I wasn't clear that the origin of the SDR was a necessary part of the answer, but I'm fine with the outcome. Bitbobb's challenge, Bitbobb's rules.

Thanks tho.

(hey look - I'm a TLD!)

XD

"when first inquiring [into] a thing start with the name"

the name:  SDR = stands for special drawing rights

from there we need more info.  Origin would be a perfect answer I also will accept historical references that predate formation of the UN for lesser credit.. lol.

the UN will tell you they were invented in 1969.  This is false.  Therefore any further discussion gets muddied if begun from a false premise..


I will release the history on SDR along with related documentation very soon if no one nails it.


      But let me take this opportunity to point out a small irony: bitcoin core dev trolls will tell you that seg wit coin is bitcoin just like the UN will tell you SDR was invented at the 1969 bretton woods meeting.  some core trolls will tell you that satoshi's paper needed re-write lol.  Whereas the UN simply wipes the internet of any reference not to their liking

Do they not know that a superior academic idea can supplant an inferior one?  Instead they will destroy a previous innovation and keep the name on the paper to fool future users?  That is called fraud.

An inquiry into a thing properly begins with the name.  However it does not end there..  the nature of the thing is also important to final understanding..

[Victorio]

Bitbobb,
You were referring "bancor" as the academic predecessor of Special Drawing Rights.
John Maynard Keynes and Ernst Friedrich Schumacher proposed the concept of supranational currency - bancor, that would replace gold in international trade. It was intended as an unit of account to value and clear trade flows, through the multilateral clearing system - International Clearing Union. Each nation would have a limit of bancor, corresponding to its share in global trade. The scope of bancor was to achieve balanced trade among countries and enforce multilateral economic relations - going from bilateral relations to economic regionalism. At that age, bilateral relations were represented among colonies and the metropole (United Kingdom or France) and the ICU implementation would have brought globalization faster.
Gold could have been exchanged for bancor, but not vice-versa. Bancor was never meant as value of store, like physical gold.
Export increases the bancor balance, import - decreases and the mechanism incentivizes a zero balance: the surplus would have been partially held/retained to the ICU Reserve Fund and the deficit would have led to devaluation of the national currency, to become export-competitive and bring the balance back to zero. Rather than being fined, a country would boost its export or import.
It supposed fixed exchange rate between bancor and each national currency. The rate would have been revised when the country crossed the limit of bancor - surplus countries should appreciate the currency, deficit countries - depreciate the currency.
Similar to actual IMF, indebted countries would be under severe financial discipline. Unlike the actual IMF, wealthy, surplus nations would also be under scrutiny and required to implement tight monetary policies.

Multilateral Clearing (Economica Journal, 1943): http://www.centerforneweconomics.org/documents/copy-e-f-schumacher-multilateral-clearing-economica-new-series-vol-10-no-38-may-1943-pp-15
Wikipedia: https://en.wikipedia.org/wiki/Bancor, https://en.wikipedia.org/wiki/International_Clearing_Union

My opinion:
IMF has a broader scope than ICU would have had.
From my POV, IMF focuses more on financial stability rather than trade balance and emphasizes the role of international capital flows. IMF decisions are political decisions, because the SDR is an instrument of higher flexibility than bancor would have been and the strong bends rules to favor him. I tend to see bancor as a self-adjusting mechanism (even a smart-contract), where the decisions are made upon economic performance, not political influence.
It is unclear how would have changed the total amount of banco in response to global GDP increasing. Each country needs higher limit to meet increased export/import volume - either new bancors are issued according the global trade % increase, or each national currency buys less bancor, i.e. bancor become more valuable.
Another sweetspot of bancor for libertarians would be the detachment from any government money. Bancor would not depend on one or 5 currencies.

On one hand, ICU and bancor would have smoothened the income inequality among nations. On the other hand, it would have limited credit issuance and I strongly consider credit a good for the humanity. Debt has a lot of negative consequences when mishandled, but it also drives progress - allowing for expansion and setting higher goals to attain.

[jbreher]

     But let me take this opportunity to point out a small irony: bitcoin core dev trolls will tell you that seg wit coin is bitcoin just like the UN will tell you SDR was invented at the 1969 bretton woods meeting.  

Hey look - there's an important lesson encased in this simple challenge. I like it.