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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 648674 times)
revelacaogr
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February 13, 2018, 09:30:47 AM
 #13441

A dangerous Bitcoin & Bitcoin-Cash (BCash) Hack (that no one talks about)

https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be



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February 13, 2018, 11:44:26 AM
 #13442

A dangerous Bitcoin & Bitcoin-Cash (BCash) Hack (that no one talks about)

https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be




Thx - no this attack was already discussed on e.g. reddit/btc

I'd say, sure - this is an attac vector, but his risk calc is bit too simple.

1) Price might not be there after 50 blocks and even if you sell for 10 Mio$  -> price might tank
2) Other pools might see this before and could go into (different) action, esp Jihan's like move hashpower over and DDos, ...
3) The attacker has lost all credibility after such thing -> This will not be local to  BCH, since we know the external world does not really distinguish between different cryptos -> this falls back to the entire sector!


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
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February 13, 2018, 12:18:35 PM
 #13443



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February 13, 2018, 12:40:42 PM
 #13444

http://bitcoinist.com/farewell-bitcoin-cash-microsoft-chain-scaling-degrades-decentralization/


MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS

In a blog post on Monday, Director of Program Management at Microsoft’s Identity Division Alex Simons said that layer 2 scaling solutions, which principally involve the Lightning Network, are superior to on-chain scaling.

Simons writes:

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale.
He later continues:

To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID (decentralized identity) system

THE NEXT 24 YEARS ARE CRITICAL
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February 13, 2018, 01:53:05 PM
 #13445

"MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS"

-> 640 kB ought to be enough for anybody ...

Sure - it always depends WHO you ask...  but be careful and do not invite new middlemen (BS, MS, ...) - that's not Bitcoin.

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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February 13, 2018, 03:27:09 PM
 #13446

Roger Ver is going to be rolling out Bitcoincash ATMs:

https://twitter.com/rogerkver/status/963214514392129536

Quote
I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide!

It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto.

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February 13, 2018, 03:42:02 PM
 #13447

Quote






Despite steadily gaining mainstream popularity, cryptocurrencies like Bitcoin Cash are still a long way from mainstream acceptability. Payments processor BitPay is working towards solving that problem, first with legacy Bitcoin (BTC) and now with Bitcoin Cash (BCH).

In an interview with CoinGeek.com, BitPay CEO Stephen Pair said there are two main obstacles that hinder blockchain payments acceptance: volatility risk and technical integration. What BitPay does is it simplifies the process for merchants, while also making sure that the retailers are paid fairly.

“Our platform makes it simple for merchants to receive payments from BTC (and soon Bitcoin Cash) wallets with minimal integration work or technical knowledge about Bitcoin. And our merchants get paid exactly what they charge to their bank accounts in local currency, minus a 1% processing fee,” Pair said.



https://coingeek.com/bitpay-ceo-refined-platform-allows-simpler-seamless-bitcoin-cash-use/


Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
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The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
pawel7777
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February 13, 2018, 04:42:56 PM
 #13448

Roger Ver is going to be rolling out Bitcoincash ATMs:

https://twitter.com/rogerkver/status/963214514392129536

Quote
I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide!

It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto.

"I just bought 50 Bitcoin (BCH)"

It's BITCOIN CASH, not BITCOIN. He seriously needs to stop doing this.
BCH started of as a fork under different name, by their own choice. It's not Bitcoin by any definition, even if it adheres to the original Bitcoin whitepaper more than the "legacy" Bitcoin does.

I'm pretty sure RV pushes BCH=Bitcoin only because he chose to jump from BTC to BCH while still owning "Bitcoin.com" and "r/btc".

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February 13, 2018, 04:51:08 PM
 #13449

http://bitcoinist.com/farewell-bitcoin-cash-microsoft-chain-scaling-degrades-decentralization/


MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS

In a blog post on Monday, Director of Program Management at Microsoft’s Identity Division Alex Simons said that layer 2 scaling solutions, which principally involve the Lightning Network, are superior to on-chain scaling.

Simons writes:

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale.
He later continues:

To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID (decentralized identity) system

I'm pretty sure that Graphene compression should help to decrease bandwidth requirements for a miner with big blocks even it is bigger than 32MB. And as I know in the future with UTXO snapshot development miner wouldn't need to download full blockchain.
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February 13, 2018, 05:51:35 PM
 #13450

"MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS"

-> 640 kB ought to be enough for anybody ...

Sure - it always depends WHO you ask...  but be careful and do not invite new middlemen (BS, MS, ...) - that's not Bitcoin.

lawl now these trolls are quoting Microsoft, as if they have anything positive to do for crypto. They should stick with making malware operating systems.

As for the video of the CEO in the alligator shirt, TLDR, sh*tboy, miner collusion and 51% attacks have been done to death for years already.
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February 14, 2018, 12:08:49 AM
 #13451

evolutive situation...

https://dedi.jochen-hoenicke.de/queue/#30d
Bitbobb
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February 14, 2018, 04:22:31 AM
 #13452

Roger Ver is going to be rolling out Bitcoincash ATMs:

https://twitter.com/rogerkver/status/963214514392129536

Quote
I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide!

It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto.

"I just bought 50 Bitcoin (BCH)"

It's BITCOIN CASH, not BITCOIN. He seriously needs to stop doing this.
BCH started of as a fork under different name, by their own choice. It's not Bitcoin by any definition, even if it adheres to the original Bitcoin whitepaper more than the "legacy" Bitcoin does.

I'm pretty sure RV pushes BCH=Bitcoin only because he chose to jump from BTC to BCH while still owning "Bitcoin.com" and "r/btc".

Here we see a rare sight indeed!  ^^^ a legendary bitcoin whisperer is attempting to take bitcoins' temperature...  I think this is the first time ever documented.  Notice the colorful coins and markings?..  truly magnificent!

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February 14, 2018, 08:03:01 AM
Last edit: February 14, 2018, 08:36:17 AM by tomkat
 #13453

Not sure if this is real or fake, but apparently there's a graffiti in Paris.
Anyone is there now and can confirm?
https://i.redd.it/a889ul8881g01.jpg

classicsucks
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February 14, 2018, 08:03:40 PM
 #13454

Not sure if this is real or fake, but apparently there's a graffiti in Paris.
Anyone is there now and can confirm?
https://i.redd.it/a889ul8881g01.jpg



If it's real it's probably Banksey - looks like his style.
classicsucks
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February 14, 2018, 08:06:40 PM
 #13455

Did anyone else notice that coinmarketcap now displays BCH, XRP, LTC, and ETH base rates?

https://thenextweb.com/hardfork/2018/02/13/coinmarketcap-cryptocurrency-bch-xrp-ltc/

BULLISH
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February 14, 2018, 08:33:28 PM
 #13456

Jbreher. Is that you"

https://www.paybear.io


Looks great!


 Grin

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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February 14, 2018, 08:46:48 PM
 #13457

Not sure if this is real or fake, but apparently there's a graffiti in Paris.
Anyone is there now and can confirm?
https://i.redd.it/a889ul8881g01.jpg


This is beautiful  Smiley

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February 15, 2018, 03:45:40 AM
 #13458



 Cool

B-Cash B-Cash BeeCash!!! :-D buzzzzz zZz

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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February 15, 2018, 06:05:55 AM
 #13459

BCH next upgrade / roadmap. - the only one that is highly troll-escorted.

 Grin




The last one, the old opcode re-activating will enable BCH to do moar ETH like stuff....

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin - mine honest!
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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February 15, 2018, 06:15:47 AM
Last edit: February 15, 2018, 06:45:51 AM by tekmobile
 #13460

BCH next upgrade / roadmap. - the only one that is highly troll-escorted.

 Grin




The last one, the old opcode re-activating will enable BCH to do moar ETH like stuff....

Can't see the point in increasing block size when you're only using the tiniest fraction of the current block size with the current average being 80Kb (~1% of the current limit)

Also was you consulted on these changes and get a say or did the developer just decided by himself because so far you've just been trusting a central entity that is not Bitcoin
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