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

[yyz13857180757]

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.

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[dautay_crypto]

The encrypted money market is a long bear market, and investors can buy Bitcoin Cash coins on a bargain and wait patiently for the market to pick up.

It's true for current period and always true at any point of time in terms of smart investments.
Thanks for your recommendation.
Bitcoin Cash, as almost the same as of other altcoins, followed long bearish market, which has lasted months and might end soon.

[Simss]

Forgetting for a moment people, politics, egos and agendas; on a purely fundamental level, which fork is the best in terms of the future of Bitcoin Cash?

[what is happening]

DASH is the better etc plus anon, bcash is fundamentally weak

[dishku]

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

[shixd8899]

Bitcoin Cash is worth long-term investors holding, and the technical and marketing capabilities of the project team are very good. The future development of Bitcoin Cash coins is worth looking forward to.

[mindrust]

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

Dash, bcash and zcash are all toys of Roger. He is not focusing on zcash and dash because bcash's market cap is big enough to keep him busy. He left the others for dead.

When Roger runs out of sheep to suck their blood, he'll come up with another scam. This will go on and on. I suspect that he might even have something to do with bitconnect. They share the same ticker bcc in the end.

[hv_]

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.

If anyone would only sit and 'doubt' - sure - nothing will happen.  Also not after 18 months.

 

[jbreher]

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.

https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/

[synthgauge]

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.

HDD capacities grow according to moors law. If u move 6000x speed of light and record the precise state of universe at each moment in time during the whole travel then the amount of data collected could be shoved into a 50 gb HDD no questions asked. Now what is 2.6 million tx per second? I myself can do half of that and will still be bottlenecked by the lack of processing speed.

[bones261]

HDD capacities grow according to moors law. If u move 6000x speed of light and record the precise state of universe at each moment in time during the whole travel then the amount of data collected could be shoved into a 50 gb HDD no questions asked. Now what is 2.6 million tx per second? I myself can do half of that and will still be bottlenecked by the lack of processing speed.

I would hope a mining pool that has a revenue of 50K USD per day should be able to have a system that can handle it. (And as I said before, I think 100 USD per BCH would be an ultraconservative figure if the BCH network was processing that many tx per second. An 18-21 billion dollar market cap for a network that is basically processing the vast majority of transactions on Earth, would probably be going for multiples of that.)

[Bitbobb]

Awe - Ha!

Where did btc troll/devs go?  Maybe they are worried we might


the network?

[bones261]

Awe - Ha!

Where did btc troll/devs go?  Maybe they are worried we might


the network?

Most of the BTC trolls are watching the BCH drama unfold on Twitter and Reddit.  

[nutildah]

Where did btc troll/devs go? 

The drama the BCH camp has created within its own ranks is fascinating. I'm just sitting back with a tub of popcorn for the time being.

[BitcoinFX]

I am also in the same boat.

I am a die hard Craig Wright supporter since June or someth , Just to see how worse this shit (bcash) can become. Reading the lolposts at rbtc is priceless.

P.S. Craig is Wright is satoshi nakamoto if somebody says you otherwise show him this proof:

https://www.youtube.com/watch?v=dZNtbAFnr-0

He explains how he is the real satoshi perfectly. Craig Wright 2020!

Edit:
https://twitter.com/ProfFaustus/status/1033248372025638912

LOL

- https://dankaminsky.com/2016/05/02/validating-satoshi-or-not/

- https://blog.wizsec.jp/2018/02/kleiman-v-craig-wright-bitcoins.html

Who is Satoshi Nakamoto ? Suspects, frauds and conspiracies on bitcointalk
- https://bitcointalk.org/index.php?topic=4359615

Not your keys, not your coins.

Don't trust. Verify.

- https://youtu.be/wmYT79tPvLg  
 
 

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

  

[hv_]

Awe - Ha!

Where did btc troll/devs go?  Maybe they are worried we might


the network?

Most of the BTC trolls are watching the BCH drama unfold on Twitter and Reddit.  

Sure, cause it is more entertaining than watching the folding of SW + LN + ?.. 

Censorship creates lots of little watchers.

 

[operabit]

DASH is the better etc plus anon, bcash is fundamentally weak

DASH and Bcash has no comparison both have different concept it doesn't make any sense to make any kind of comparison. BCash has different goals and they are not working to make it anonymous coin in future.

And what has proven is that holding the quality and support of the community is DASH, I am not so sure about BCH because this is just something ordinary and not so special.

[HardWork8]

Where i can wait news about your project?

[BitcoinFX]

Forgetting for a moment people, politics, egos and agendas; on a purely fundamental level, which fork is the best in terms of the future of Bitcoin Cash?

The 'best' option is currently somewhat undeterminable in this regard.

The safest option (imho) would be to choose the Bitcoin Cøbra [#UANF] = User Activated No Fork  and then watch / wait for this to play out.

Replay protection in the new Bitcoin Cøbra (BCH) release should prevent people from actually losing coins in the potential chain-split between Bitcoin Cash ABC <> Bitcoin Cash nChain/Coingeek.

If you think hard forks are hectic and you have never experienced a chain-split before, well let me tell you, I have and it can be both extremely costly and also causes total and absolute chaos! Both short-term and long-term.

Imagine holding coins on a chain that will no longer sync with the 'main' network i.e. that you can no longer spend, because technically they no longer 'exist'. Saying that a blockchain splits is actually an under-statement of magnitude, they don't just split, they fully shatter.

- Do what thou wilt, but this is certainly not FUD.

- https://medium.com/@CobraBitcoin/announcing-cobra-client-a-safe-implementation-of-the-bitcoin-cash-protocol-and-november-hard-fork-334bc86ce32f

[hv_]

https://blockmanity.com/news/can-now-purchase-bitcoinsbtc-ethereumeth-litecoinltc-bitcoin-cashbch-yahoo-finance/