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

[enixon291077]

BCH Competition Rewards Distributed

https://news.kucoin.com/en/%F0%9F%8E%81-bch-competition-rewards-distributed/

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[hv_]

Go and grab some BCH before you lose your fiat value !

https://memo.cash/post/dd90953ce6306d6832c7b347ab51f8da256fe14285bdda15badc78e15fea7add

http://www.middleeasteye.net/news/turkey-inflation-surges-again-over-12-percent-1179729438

[hv_]

Have fun with a Bitcoin show at German Bayern LB

https://vimeo.com/272512178


But -  Bitcoin CAN scale !

[sirsplashalot]

Have fun with a Bitcoin show at German Bayern LB

https://vimeo.com/272512178


But -  Bitcoin CAN scale !

It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

Other commodities and precious metals have purpose. In production create job demand and encourages international trade to strengthen the world economy. Bitcoin is mined without human use.

2. Scarcity

Some argue that Bitcoin is scarce given theres 21 million that exist. But among the Bitcoin supply of 21 million Bitcoins there are thousands of Cryptocurrencies, some much better suited for the 'store of value purpose.' These cryptocurrencies can be created essentially out of thin air and cannot be compared to commodites with sentiment. Nothing will stop a powerful nation or group of individuals from creating another cryptocurrency for a store of value or 'digital gold.'

For this reason, the alternative is a peer to peer decentralised cash system built to sustain a global network of transactions for individual and merchant use. This is why Bitcoin Cash exists. This 'digital gold' face of Bitcoin is hardly worth a conference and Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

[ssvenss]

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

[sirsplashalot]

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

[ssvenss]

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins

[bitcoinPsycho]

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

you keep telling yourself that

[bitcoinPsycho]

BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins

best laugh I've had all day .weeeeeee

[Zin-Zang]

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.  
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.

No one seems to worried about the environmental damage or costs inflicted on the Old & Poor by Miners increasing electricity rates across a region.

Typical Bitcoin Miner Photo when asked about their insane electricity usage.  
Just staring at their profits, with no concern for anyone else.

[hv_]

That is so true for billions and worth supporting ASAP.

Not wait for 18months

https://mobile.twitter.com/imkeshav/status/1002596637556944896

[sirsplashalot]

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.

For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

[Nagyyssa]

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

[sirsplashalot]

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

Come back in 18 months.

[jbreher]

It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

<blah,blah>

2. Scarcity

<blah,blah>

Go home, grandpa-you're drunk.

[Zin-Zang]

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.  
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.

For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.

[lsd400]

Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

Maybe the next year but who knows... While on BCH https://twitter.com/keyportapp/status/1003314779656630272

p2p encrypted messaging app on BCH blockchain

[CRYPTO America KING]

FIFA WORLD CUP IS STARTING FROM 14TH JUNE GREAT TIME TO BUY BCH BITCOIN CASH

[sirsplashalot]

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.  
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.

For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.

Power, regulations, centralisation. At the end of the day the power is in the hands of the wealth and they will regulate the control.

And it ain't gonna be zeitcoin.

[Zin-Zang]

Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.  
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.

For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.

Their is no flaw, Bankers use a Loan System to Create Unlimited Sums out of thin air, of which they have completely Centralized Control.

A Well Designed Proof of Stake System using ULI is Decentralized , as no one can confiscate or deny transactions like in the banking system.

As far as your alternative energy , that is beyond nonsense. The alternative energy is growing at 2.6% per year max and that is projected until 2040.
It is a joke, at the insane rate bitcoin is pulling power, you need a New Nuclear Power Plant running at full capacity almost on a bi-weekly basis starting in late 2019 .
Due to regulatory restrictions , that is never going to happen.

The more likely scenario is that World Governments begin blocking Bitcoin Mining and only allow their chosen few to receive the electricity for bitcoin mining.
This gives the world governments the power to choose only those that will comply with their requests on which transactions to include in the blockchain and which address to blacklist. They may not be able to steal the funds, but they will force the miners to freeze in place anyone's bitcoin they so deem enemies of the state.  
The Insane Energy waste is a security vulnerability because it further increases Centralization of bitcoin , not a security benefit as some in here so foolishly believe.
In the end result , a Centralized bitcoin will be no better than a Centralized Banking System.  

Decentralization is the key to avoiding Government Control and Censorship from Totalitarian Regimes.

Power, regulations, centralisation. At the end of the day the power is in the hands of the wealth and they will regulate the control.

And it ain't gonna be zeitcoin.

Time will tell on ZEITCOIN,  

In your close minded nature, you are also missing the fact that a new PoW algorithm running only on CPUs would destroy ASICS Centralization and re add decentralization back into bitcoin. It would also avert the energy apocalypse in bitcoin's current future.

In other words , if you pulled your head out of your ass, you would see their are additional options , only if people start acknowledging the insane energy waste is a problem.  
Proof of Stake is not a viable solution for Bitcoin as it requires a larger number of coins to secure the network than their 21 million limit.

However , in the mean time converting to a CPU ONLY mining solution would return Bitcoin to its original roots and restore decentralization to its platform.
(This coin claims to follows Satoshi Vision more than others, well when he started their were no ASICS Farms, and he only ran his mining on a CPU.)


But if in your arrogance you prefer domination by the select few rich miners that will consort with Government to control transactions, feel free as others will choose different.