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

[Mrpumperitis]

I have bought into the vision that the world desperately needs a p2p cash system.

[1714856741]

1714856741

[1714856741]

1714856741

[hv_]

Anyway. BCH is the hottest Bitcoin. No need for any LN.


 

There is no need for Wormhole either. Just say no to ABC hardfork. BCH does not need canonical transaction ordering at this time.

We see lots of ideas coming into BCH, because other projects do not allow, esp at base protocol level.

It is all about turning the software dev driven process into a proper business dev and risk / reward driven process.

The real problem of the Bitcoin base protocol is, that it has two parts. A simple technical and a complex economical one. So with this, lots of issues needs to be resolved and most of you just cannot on a testnet level at all.

Software devs needs to be more humble, economic / business devs needs to be more prominent and clear, since the tech is only here to help and make business processes more effective, not the other way around.

If the base protocol is simple and stable enough, all sorts of devs can build on top of the stable underlying = electronic cash!

 

[narking]

i think that bch it's a project without a clear future. without Chinese support will fall and i see some other projects in bitmain focus.

There is a whole other world outside of China.  If they pull their support, there are others out there that will fill their space. Good riddance.

The only big problem is that Asia is moving markets today especially Japan of Korea and China. Without them, any project will be difficult especially for those who prohibit investment from the United States.

[BitcoinFX]

i think that bch it's a project without a clear future. without Chinese support will fall and i see some other projects in bitmain focus.

There is a whole other world outside of China.  If they pull their support, there are others out there that will fill their space. Good riddance.

- https://bitcointalk.org/index.php?topic=4958673.0

[tekmobile]

I'm happy to let the markets and fees speak for me.

Let's see what the prices are like this time next year. BitcoinCash is going to shock tens of thousands of Bitcoin Core maximalists.

Luke, Greg, blockstream, and all have made a grave mistake.

Well this didn't pan out too well as expected Bitcoin is still going strong and unaffected while Bcash is still a cesspool of scammers still fighting between themselves good going you got exactly what you wanted 

Enjoy your fork whichever you choose because you know that wright and ayre will most likely dump on ABC and there's a good chance Jihan may also dump on the Wright/Ayre fork

And with the low hashing they may also double spend attack each other too

I'll go back into retirement now good luck you're probably going to need it 

[European Central Bank]

I'll go back into retirement now good luck you're probably going to need it 

i for one applaud their willingness to experiment, even if it's done unwillingly for most.

this whole thing will be an excellent resource in what can go wrong.

for the sake of people who put their own real money in i hope it survives and thrives. i also hope the idea of it 'being' bitcoin dies for good, not that it ever lived in the first place.

[gembitz]

I'll go back into retirement now good luck you're probably going to need it 

i for one applaud their willingness to experiment, even if it's done unwillingly for most.

this whole thing will be an excellent resource in what can go wrong.

for the sake of people who put their own real money in i hope it survives and thrives. i also hope the idea of it 'being' bitcoin dies for good, not that it ever lived in the first place.

Bitcoin Instant[BTI] is the real Bcash these people are all fighting among themselves now!! :-D LOL

===>

https://freiexchange.com/market/BTI/BTC

[proo7]

Looks like this altcoin is falling apart hard in multiple fractions
Divorse with Faketoshi
Going to All time Low
No flippening

[hv_]

https://twitter.com/sashandiggers/status/1033685177099214849

[hv_]

https://markets.businessinsider.com/news/stocks/netcents-technology-signs-enterprise-licencing-agreement-for-28-caribbean-countries-and-adds-bitcoin-cash-1027485456

 

[nutildah]

https://markets.businessinsider.com/news/stocks/netcents-technology-signs-enterprise-licencing-agreement-for-28-caribbean-countries-and-adds-bitcoin-cash-1027485456

Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (   )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).

Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.

[sirsplashalot]

https://markets.businessinsider.com/news/stocks/netcents-technology-signs-enterprise-licencing-agreement-for-28-caribbean-countries-and-adds-bitcoin-cash-1027485456

Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

 Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (   )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).

Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.

In all fairness, Craig Wright has not proven that he is not satoshi either.

[nutildah]

https://markets.businessinsider.com/news/stocks/netcents-technology-signs-enterprise-licencing-agreement-for-28-caribbean-countries-and-adds-bitcoin-cash-1027485456

Which bcash are they adding?

https://www.ethnews.com/the-potential-bitcoin-cash-hard-fork-explained

One week after celebrating the first anniversary of bitcoin cash's split from bitcoin, Bitcoin ABC laid the groundwork for another schism. On August 8, the full node, which nearly 2/3 of bitcoin cash nodes run on at any one time, published planned changes to the network's consensus protocols.

 Craig Wright, one of the most prominent figures in the BCH community, didn't like them. As chief scientist for nChain, the self-described "global leader in research and development of blockchain technologies (   )," Wright's opinions carry weight with many bitcoin cash enthusiasts, despite (or perhaps because of) his assertions that he is Satoshi Nakamoto (!!!) .

So, nChain announced on August 16 that it would launch its own full node, Bitcoin SV (for Satoshi's Vision).

Holy cow the dude just won't let his who obsession with being Satoshi rest! He's convinced he's Satoshi yet he pisses himself when asked to prove it. The man is clearly mentally unstable, at best a narcissistic sociopath.

In all fairness, Craig Wright has not proven that he is not satoshi either.

In super duper fairness, neither have I, you, or anybody else alive and breathing.

[Zin-Zang]

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  

[Angel Di]

Many say that short-term market growth is possible. So you intentionally buy the Bch coins. Let's see what happens in the near future.

[suchmoon]

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?

The picture says "It has been tested to 380GB".

Might as well chose a 1 petabyte block for eleventy gazillion TPS.

[bones261]

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

[Mrpumperitis]

Sept..... is going to be rough for all crypto.

Many people will suffer from...Fongo

[vozphongtom]

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

[bones261]

https://twitter.com/sashandiggers/status/1033685177099214849

The proposed 128MB block size update tops out ~896 transactions per second.
Which if all of the blocks were full would require 6 TB of hard drive space per year.

Even a 1 GB block would only achieve ~7168 transactions per second,
Which if all of the 1 GB blocks were full would require ~53 TB of hard drive space per year.

Exactly what Block Size is supposed to achieve the above 2,600,000 transactions per second?
Or are they also modifying the block speed?


FYI:
For the record, I am also not Satoshi, but I did stay at a holiday inn express last night.  

The chart in the link states 2,600,000 tx per seconds would require 360GB blocks. That's ~19 PB per year if all of the blocks were full. If a transaction fee of 1 sat per byte was obtained, the block would yield 3600 BCH in fees. If BCH was only worth $100 USD, that would be 360K USD per block. If a pool only had 10 % of the hash rate and charged a 1% fee, that would be ~50K per day in fees. That would be $18,250,000 per year. That should be enough to cover the cost of 19 PB of storage, and other costs.

 a lots of require blocks. BCH will not  $100 and BCH price will hit $1000 ,

 today BTC price $6900 and  keep going up , i sure when btc price break $10000 , bch price break $800, too.

If BCH was actually handling over 2 million tx per second, it would probably be worth much much more. However, I deliberately used ultraconservative figures. I personally doubt BCH will ever see that kind of transaction volume. But I guess BCH supporters can dream.