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

[Bitbobb]

good news!

http://logicalworld.net/white-house-official-bitcoin-regulation-wont-happen-anytime-soon/

[Bitbobb]

Craig Wright the real faketoshi here with his view of how Bitcoin should be run

https://twitter.com/StopAndDecrypt/status/965429695071301632

"Users shouldn't run full nodes these should be run by banks and corporations"

You must be crazy or mentally deranged if you support thus narrative bitcoin is to meant to free everyone from the current financial system controlled by the banks and governments

how would they control the money if the people with the coins hold the private keys?

also why do the users care who supports the network?  asking for a friend  

is not the most important thing that there is a network and it is a non-party to the transactions?  the benefits are lost if you still must obtain permission from a 3rd party!  the only one supporting the network are the ones getting potential reward or else why would they do it?  omg lol how is anything else even a narrative lol

I do not think the system was implemented to reward people for going against their own best interests.  that is something else not bitcoin.

Your private keys mean shit if the banks control the nodes

This chain you are on now with all your wealth well guess what the banks just forked off to increase the supply for inflation and now your wealth is diluted.

What's that you say they won't do something like that ? Why not what would make you think the the banks would run Bitcoin any different to the current financial system that they control.
The miners don't care they will mine on whatever chain the users are using and giving value to even ones run by banks

It's important that users are able to run their own nodes if they wish and we are in control of the majority of the nodes and our wealth and the chain the miners want to mine on

the network was not designed to need nodes that do not provide hash to compete for blocks.  they add nothing so why reward them?  the security is economic so you make less sense the more one understands bitcoin security model


there is a problem a) how do we get a decentralized network.  b) solution:  incentive the people who voluntarily run nodes by giving them network tokens as a reward for wining the latest block.  How folks came up with this nodes that do not mine is totally insane.  why would you run a full node if you are not providing hash?  or better question how?  lol

[shapeshiftscam]

Bitcoin cash had en epic pump and then went to deeply, I sold BCH at 0.08 btc, when will the price go back to that again? I want to buy more BCH at 0.08btc when people are panic.

[tekmobile]

Craig Wright the real faketoshi here with his view of how Bitcoin should be run

https://twitter.com/StopAndDecrypt/status/965429695071301632

"Users shouldn't run full nodes these should be run by banks and corporations"

You must be crazy or mentally deranged if you support thus narrative bitcoin is to meant to free everyone from the current financial system controlled by the banks and governments

how would they control the money if the people with the coins hold the private keys?

also why do the users care who supports the network?  asking for a friend  

is not the most important thing that there is a network and it is a non-party to the transactions?  the benefits are lost if you still must obtain permission from a 3rd party!  the only one supporting the network are the ones getting potential reward or else why would they do it?  omg lol how is anything else even a narrative lol

I do not think the system was implemented to reward people for going against their own best interests.  that is something else not bitcoin.

Your private keys mean shit if the banks control the nodes

This chain you are on now with all your wealth well guess what the banks just forked off to increase the supply for inflation and now your wealth is diluted.

What's that you say they won't do something like that ? Why not what would make you think the the banks would run Bitcoin any different to the current financial system that they control.
The miners don't care they will mine on whatever chain the users are using and giving value to even ones run by banks

It's important that users are able to run their own nodes if they wish and we are in control of the majority of the nodes and our wealth and the chain the miners want to mine on

the network was not designed to need nodes that do not provide hash to compete for blocks . sorry you do not understand this.  it is actually very simple.

there is a problem a) how do we get a decentralized network.  b) solution:  incentive the people who voluntarily run nodes by giving them network tokens as a reward for wining the latest block.  How folks came up with this nodes that do not mine is totally insane.  why would you run a full node if you are not providing hash?  or better question how?  lol

When the network was designed it was done in a way that yes only miners need to run nodes but then pooled mining etc didn't exist and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

What we have now is a few pooled miners that can easily change the rules and the only thing that can stop them is the fact that there are still 1000s of listening validating nodes that would need to all be convinced to change with them and if they cannot convince all the validating nodes to change then they would be mining something that is worthless to everyone else.

[Bitbobb]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

[hv_]

Jbreher. Is that you"

https://www.paybear.io

Looks great!

Nope. It does look pretty good though.

Yep. Far better than this LN bearish signs here

https://youtu.be/DFZOrtlQXWc

That video has already been pulled apart it's garbage and it's just full of lies but keep spreading it make you look all the more foolish

.. by your little mob post here?  Sure ... you solved the routing issue and all the others things in a minute  

[tekmobile]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

[NL_JOHNNY_NL]

I think BCC will rise to 4000+ this year !

[rattle99]

I think BCC will rise to 4000+ this year !

Lol, keep thinking...

[Bitbobb]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

tek: fixed it for you:
 asics existed before 2008  

  so did sha256 lol

[tekmobile]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

tek: fixed it for you:
 asics existed before 2008  

  so did sha256 lol

No shit really

So you are saying satoshi did not invent SHA256 I thought I had seen it before somewhere now it all makes sense /s

Of course ASICs existed before 2008 that was never disputed

Plus technically bitcoin users SHA256d or Double SHA256 

[Bitbobb]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

[tekmobile]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept 

[Bitbobb]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept 

what does the validating node do to actually validate?

[Bitbobb]

and was expected that where would be 1000s of distributed miners all over the world that cannot easily change the rules this is not the case now.

and who expected this exactly???  lol

btw what is a validating node?  

This was well discussed very early in the days Satoshi was still around when people we're still mining on a standard CPU.

It was expected that people would continue to use standard PC hardware but things turned out a bit different with the invention of specialist hardware Asics that with the exception of bitmain none are sold to end users anymore and the ones bitmain sell to end users are at a vastly increased value

What this now means is that the everyday user is largely unable to mine now and the only ones able to big corporations that have millions to spend.

And a validating node is just a non mining node this is the only thing the user has left to stop miners and corporations from fully taking over the entire network because as long as users are able to still validate their own transactions then this is the chain the users are on is the one with value and the one miners will be mining on.

Remove the ability for users to validate their own transactions and you are back to just trusting miners and corporations to behave themselves

You know when you use PayPal and get a dispute well if miners and corporations just control the nodes then this is like PayPal deciding on your behalf

sorry this validating node does not making sense to me.  I think your misunderstanding is just semantics.

A valid transaction just means it passes the rules-- it is formatted correctly and the balances are available to be spent.

A transaction is broadcast by the sender and nodes pass it around each checking if is valid. If it is not valid the node drops it. If it is valid it propagates through the network and ends up in the queue of miners.

When a miner solves a block and chooses to include one of these valid transactions, the transaction is now confirmed and is considered by the network to be spent. The block is then passed around the network by the node, each checking that it follows the rules and when a miner receives it they then switch to solving a block on top of the new one. As block upon block is built the confirmed transactions become more secure.

I know how the network works maybe you just didn't understand what I said lol

What you say is correct but if the miners are the only ones able to run nodes then the nodes they run are the only ones that decide what's valid.

As long as users are able to run their own nodes then the miners must produce blocks the users will accept  

btw this is a good thing IMO.  I want people invested in the network to be the ones supporting it.  Has that ever occurred to you?

[Mrpumperitis]

sorry to interrupt guys lol...

https://news.bitcoin.com/bitmex-research-tether-not-a-ponzi-but-susceptible-to-shutdown/


ok carry on  

[Bitbobb]

sorry to interrupt guys lol...

https://news.bitcoin.com/bitmex-research-tether-not-a-ponzi-but-susceptible-to-shutdown/


ok carry on  

he doesn't know what he is talking about IMO.  I think even he knows it.  just trying to convince the readers who do not know.  sad

if this really is a core dev pretending to be a troll it sure explains all I need to know

[digitalbarter]

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

[gembitz]

sorry to interrupt guys lol...

https://news.bitcoin.com/bitmex-research-tether-not-a-ponzi-but-susceptible-to-shutdown/


ok carry on  

he doesn't know what he is talking about IMO.  I think even he knows it.  just trying to convince the readers who do not know.  sad

if this really is a core dev pretending to be a troll it sure explains all I need to know

Litecoin Cash is the real Bcash :-D weeee ====>

https://yobit.net/en/trade/LCC/BTC

[Bitbobb]

Bitcoin Cash is a scam ripp off an imitation with 0 purpose to solve bitcoins problem...

The real coin is bitcoin and the fork after that is litecoin whatever you see anything thats a fork is a scam

core dev #2? wow you are here?  neato this must be bitcoin thread