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tekmobile
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December 22, 2017, 02:42:37 PM |
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The development of BTC's fee market is music to Greg Maxwell's ears :-) He's pulling out champagne to celebrate this huge success https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.htmlI'm pulling out the champaign that market behaviour is indeed producing activity levels that can pay for security without inflation, and also producing fee paying backlogs needed to stabilize consensus progress as the subsidy declines.
The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN. We have both models on the market now, so it will be easy to compare over time. It will be 1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target ~2020 = 6.250 ~2024 = 3.125 ~2028 = 1.5625 (About 10 years) 10 cryptoyears are like 100 in real world Maybe so but as the rewards dwindle down BTC is in a much stronger position to sustain a highly secure valuable network as every halving takes security from BCH potentially leaving it vulnerable to attack
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tomkat
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December 22, 2017, 02:50:48 PM |
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The development of BTC's fee market is music to Greg Maxwell's ears :-) He's pulling out champagne to celebrate this huge success https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.htmlI'm pulling out the champaign that market behaviour is indeed producing activity levels that can pay for security without inflation, and also producing fee paying backlogs needed to stabilize consensus progress as the subsidy declines.
The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN. We have both models on the market now, so it will be easy to compare over time. It will be 1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target ~2020 = 6.250 ~2024 = 3.125 ~2028 = 1.5625 (About 10 years) It doesn't change anything, and it's the least important point. In 10 years the technology will improve which will allow natural growth of crypto. Again: there're 2 totally different approaches expressed in 2 competing chains - soon we'll know which one is better
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Mrpumperitis
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December 22, 2017, 03:50:41 PM |
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I actually read the thread yesterday that you have put in your timeline. This is not theymos but the person who was complaining to them. They don't want the name bitcoin cash and you will get flagged for it. I don't see them complaining about bitcoin diamond or bitcoin gold
Only bitcoin cash because it is a direct competitor with bitcoin classic
wrong red...go back and re-read what theymos said in his comment, the way he and other see it....only blockstream has the authority to control anything that happens with btc.core has done fk all for btc apart from cripple it.. Bitcoin cash devs have put bitcoin core devs to shame, core are liars core should have hard forked yrs ago, instead of lying to us all, instead they infected bitcoin with a permanent virus called segwit , which was the wrong way to do it... satoshis vision is what we want and Bitcoin cash the coin that gives us it. Also how do you think major upgrades are made in cryptocoins? ... hard forks m8
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Mrpumperitis
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December 22, 2017, 03:54:01 PM |
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Bitcoin Gold etc are not going around telling everyone that they are bitcoin BTW I have some really nice Rolex's if your are interested only $50 brand new buy with BCH only counterfeit for counterfeit tek why are you doing this? you intentionally muddy the waters for the noobs....trust me all the big players know your agenda, its only the lil guys that get hurt by your misinfo on Bitcoin cash. anyways i have something to ask you .... if your sitting here trolling for free then, i suggest you join adams fulltime team of shills! Replying to @VinnyLingham @NConstantinos https://twitter.com/adam3us/status/943876564856348673facts do matter! that's the most frustrating thing about interacting with some folks - they create so much false narrative and FUD, and confusion that's it's a large teams full time job to debunk and disprove! if we had less confusion, we'd have less drama. now what im thinking is...who here is part of this large adam team?...if you have the guts come out and admit it are you one of adams "goons for hire"? is it adam that gave you counterfiet BCH rolexs?
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Mrpumperitis
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December 22, 2017, 03:57:33 PM |
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271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG https://blockchain.info/unconfirmed-transactionsNice noobie dump on BCH, they gonna cry Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE lmao this guy is absolutely clueless. and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future. In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead... go check my history then...stfu
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Goldennbit
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December 22, 2017, 04:06:14 PM |
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I actually read the thread yesterday that you have put in your timeline. This is not theymos but the person who was complaining to them. They don't want the name bitcoin cash and you will get flagged for it. I don't see them complaining about bitcoin diamond or bitcoin gold
Only bitcoin cash because it is a direct competitor with bitcoin classic
wrong red...go back and re-read what theymos said in his comment, the way he and other see it....only blockstream has the authority to control anything that happens with btc.core has done fk all for btc apart from cripple it.. Bitcoin cash devs have put bitcoin core devs to shame, core are liars core should have hard forked yrs ago, instead of lying to us all, instead they infected bitcoin with a permanent virus called segwit , which was the wrong way to do it... satoshis vision is what we want and Bitcoin cash the coin that gives us it. Also how do you think major upgrades are made in cryptocoins? ... hard forks m8 why you talking segwit is virus. Without segwit implementation bitcoin could be much slower. That's one from way how to make bitcoin scalability again instead change of block size.
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Mrpumperitis
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December 22, 2017, 04:11:17 PM |
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^it is a virus
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Mrpumperitis
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December 22, 2017, 04:41:16 PM |
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Erik VoorheesVerified account @ErikVoorhees https://twitter.com/ErikVoorhees/status/944064084562952192Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one TX.
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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SweatyTroll
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December 22, 2017, 05:06:23 PM |
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271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG https://blockchain.info/unconfirmed-transactionsNice noobie dump on BCH, they gonna cry Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE lmao this guy is absolutely clueless. and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future. In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead... go check my history then...stfu Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no? Good call @ buying around 3k though, solid foresight. A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL
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Mrpumperitis
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December 22, 2017, 05:17:05 PM |
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271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG https://blockchain.info/unconfirmed-transactionsNice noobie dump on BCH, they gonna cry Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE lmao this guy is absolutely clueless. and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future. In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead... go check my history then...stfu Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no? Good call @ buying around 3k though, solid foresight. A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL ffs , your really making yourself look stupid coinbase ...do you know they also said to thier users back in aug to withdraw their btc if they wanted bch? your one of these captain hindsight trolls,lol...i bet you aint ever made a proper crypto call in your life...until after it happens you sell on the top all the time and always buy at the bottom dont you...NOT btw as for xrp..it was $100mill when i got in this yr march and i said it was going over $1 and over $40bill by end of this yr...it did so again ,stfu and go learn something other than trolling and making yourself look stupid... unless you actually are...stupid lol
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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SweatyTroll
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December 22, 2017, 05:20:38 PM |
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271633 Unconfirmed Transactions Live updating list of new bitcoin transactions and growing at an incredible speed OMG https://blockchain.info/unconfirmed-transactionsNice noobie dump on BCH, they gonna cry Im buying $2880, sweeeeeet ....averge down if it drops...dont sell your BCH....ACCUMULATE lmao this guy is absolutely clueless. and as for you sweatyidiot....check and know who you talking about before commenting, could help you look less stupid in the future. In the few weeks, ive called xrp from 25cents to over $1 , verge to new ath , komodo 2x within 24hours, and a few others i have a mindspan longer than your goldfish brain....i look ahead...not 24hours ahead like you....i think ahead, weeks, months & yrs ahead... go check my history then...stfu Looks ahead but he didn't catch the coinbase announcement stating users who had BCH in Aug would have access to it now which may possibly push the price down a tiny bit no? Good call @ buying around 3k though, solid foresight. A very intelligent individual who called that people would value ripple @ more than 100 billion dollars LOLOLOL ffs , your really making yourself look stupid coinbase ...do you know they also said to thier users back in aug to withdraw their btc if they wanted bch? your one of these captain hindsight trolls,lol...i bet you aint ever made a proper crypto call in your life...until after it happens you sell on the top all the time and always buy at the bottom dont you...NOT btw as for xrp..it was $100mill when i got in this yr march and i said it was going over $1 and over $40bill by end of this yr...it did so again ,stfu and go learn something other than trolling and making yourself look stupid... unless you actually are...stupid lol K you are actually retarded.
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Mrpumperitis
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December 22, 2017, 05:21:09 PM |
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^ok i checked your history...your a litecoiner..lols, hows that coming along eh? now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols
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Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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smartsan
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Spokkz ICO
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December 22, 2017, 05:24:08 PM |
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yes the price of the bitcoin price is slowly decrease simultaneously increase in the bitcoin cash... BCH slowly moving towards to the moon..
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abeke
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December 22, 2017, 05:36:43 PM |
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yes the price of the bitcoin price is slowly decrease simultaneously increase in the bitcoin cash... BCH slowly moving towards to the moon..
Yeah, I'm seeing it too. Quite interesting. I wonder is it whales speculating or people exchanging their Bitcoins to Bitcoin Cash.
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SweatyTroll
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December 22, 2017, 06:04:23 PM |
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^ok i checked your history...your a litecoiner..lols, hows that coming along eh? now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols
A litecoiner? LMAO how the fuck did you manage to come up with that one? You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere. It's ok that you bought bitcoin cash @ 200$. I am happy that you can finally make some money friend.
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serby10101010001100010
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December 22, 2017, 06:35:11 PM |
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^ok i checked your history...your a litecoiner..lols, hows that coming along eh? now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols
A litecoiner? LMAO how the fuck did you manage to come up with that one? You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere. It's ok that you bought bitcoin cash @ 200$. I am happy that you can finally make some money friend. The only kid trading in his mom's basement with a 1k account I see here is you, stupido, so stfu, let the adults do the talking.
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serby10101010001100010
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December 22, 2017, 06:40:53 PM |
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Now $13,256 (-13.42%) $2,475 (-18.19%) 0.187 (-5.51%), let the market decide
Unconfirmed Transactions: Bitcoin Cash: 753 Bitcoin Core: 249,540
Bitcoin Cash Price: $2652.66 / 0.199771 BTC; Volume 24h: $3.7b; Change 24h: -17.36% Bitcoin Core Price: $13437.9; Volume 24h: $20.4b; Change 24h: -13.53%
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SweatyTroll
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December 22, 2017, 06:44:36 PM |
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^ok i checked your history...your a litecoiner..lols, hows that coming along eh? now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols
A litecoiner? LMAO how the fuck did you manage to come up with that one? You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere. It's ok that you bought bitcoin cash @ 200$. I am happy that you can finally make some money friend. The only kid trading in his mom's basement with a 1k account I see here is you, stupido, so stfu, let the adults do the talking. I hold more than 300k in Crypto. I run a business that generates more than 600k a year. Do not be upset little guy, I am not one of your kind who bought monero at $5 and now you think you're a God by posting "bro buy XRP dude it's only 40 cents" Autism is a severe disease infecting this World.
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serby10101010001100010
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December 22, 2017, 06:46:27 PM |
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^ok i checked your history...your a litecoiner..lols, hows that coming along eh? now gtfo you unpaid shill....if adam is paying you, he better get a refund cause your doing a terrible job lols
A litecoiner? LMAO how the fuck did you manage to come up with that one? You are another one of these nolifing children sitting in your room 24/7 like you're in a cage on bitcointalk spewing your nonsense everywhere. It's ok that you bought bitcoin cash @ 200$. I am happy that you can finally make some money friend. The only kid trading in his mom's basement with a 1k account I see here is you, stupido, so stfu, let the adults do the talking. I hold more than 300k in Crypto. I run a business that generates more than 600k a year. Do not be upset little guy, I am not one of your kind who bought monero at $5 and now you think you're a God by posting "bro buy XRP dude it's only 40 cents" Autism is a severe disease infecting this World. whatever, newbie, who cares? go spam my ignore list.
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