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

[adaseb]

"Statement on Bitcoin Cash Forking - Bitcoin-SV (BSV)
 
2018-09-01 08:50:05
 
Dear CoinEx users:

We’ve recently noticed that nChain (https://nchain.com/en/), an influential company in Bitcoin Cash community, published an announcement of the creation of Bitcoin SV (https://nchain.com/en/blog/bitcoin-sv-launch/):
 
Bitcoin-SV (BSV) is the altered version of Bitcoin Cash protocols. BSV is likely to bring a potential fork of Bitcoin Cash by causing incompatibility with Bitcoin Cash network and therefore create a new cryptocurrency asset - Bitcoin-SV (Token: BSV). Should it happen, all Bitcoin Cash holders will then receive BSV assets against a 1:1 ratio on your BCH assets.
 
As a responsible cryptocurrency trading platform who guarantees maximum protection for customer assets, we decide to make the following precautions for a potential fork:
 
1. On the basis of “snapshot” during the potential forking, we will allocate BSV to your accounts against a 1:1 ratio on your BCH assets.
 
2. After the fork, we will release a BSV/BCH trading pair in CoinEx so you can buy or sell BSV.
 
3. CoinEx will not support BSV deposit and withdrawal until its chain is stabilized and all supporting services e.g. wallet are available. Please refer to our official announcement for more information.
 
Potential security risks
 
Unlike the previous forked assets, Bitcoin-SV (SV) lacks the replay protection mechanism, which will bring chaos to the entire Bitcoin Cash network, causing unnecessary asset loss for users.
 
Therefore, CoinEx strongly recommends that Bitcoin-SV (SV) could take the concerns into consideration and add replay protection mechanism to avoid any unnecessary loss.
 
CoinEx will protect your assets
 
Together with ViaBTC mining pool, CoinEx will guard your assets even if there’s no replay protection.
 
Attention
 
To avoid unnecessary asset loss, CoinEx recommends all users to deposit their BCH assets to CoinEx before the potential forking. We will provide 100% protection for your assets and please be assured that you will receive the forked asset of BSV as promised.
 
CoinEx reserves the rights of final explanation of the announcement."

- https://www.coinex.com/announcement/detail?id=124

Well I guess this explains why it jumped almost 20% in a day.

People basically buying up BCH to hold the other forked coin, kind of what happened in the past with the other forks.

I assumed that people stopped caring about forks anymore. Most seems dead like Bitcoin God, Bitcoin Atom, etc.

[theleaf]

"Statement on Bitcoin Cash Forking - Bitcoin-SV (BSV)
 
2018-09-01 08:50:05
 
Dear CoinEx users:

We’ve recently noticed that nChain (https://nchain.com/en/), an influential company in Bitcoin Cash community, published an announcement of the creation of Bitcoin SV (https://nchain.com/en/blog/bitcoin-sv-launch/):
 
Bitcoin-SV (BSV) is the altered version of Bitcoin Cash protocols. BSV is likely to bring a potential fork of Bitcoin Cash by causing incompatibility with Bitcoin Cash network and therefore create a new cryptocurrency asset - Bitcoin-SV (Token: BSV). Should it happen, all Bitcoin Cash holders will then receive BSV assets against a 1:1 ratio on your BCH assets.
 
As a responsible cryptocurrency trading platform who guarantees maximum protection for customer assets, we decide to make the following precautions for a potential fork:
 
1. On the basis of “snapshot” during the potential forking, we will allocate BSV to your accounts against a 1:1 ratio on your BCH assets.
 
2. After the fork, we will release a BSV/BCH trading pair in CoinEx so you can buy or sell BSV.
 
3. CoinEx will not support BSV deposit and withdrawal until its chain is stabilized and all supporting services e.g. wallet are available. Please refer to our official announcement for more information.
 
Potential security risks
 
Unlike the previous forked assets, Bitcoin-SV (SV) lacks the replay protection mechanism, which will bring chaos to the entire Bitcoin Cash network, causing unnecessary asset loss for users.
 
Therefore, CoinEx strongly recommends that Bitcoin-SV (SV) could take the concerns into consideration and add replay protection mechanism to avoid any unnecessary loss.
 
CoinEx will protect your assets
 
Together with ViaBTC mining pool, CoinEx will guard your assets even if there’s no replay protection.
 
Attention
 
To avoid unnecessary asset loss, CoinEx recommends all users to deposit their BCH assets to CoinEx before the potential forking. We will provide 100% protection for your assets and please be assured that you will receive the forked asset of BSV as promised.
 
CoinEx reserves the rights of final explanation of the announcement."

- https://www.coinex.com/announcement/detail?id=124

Well I guess this explains why it jumped almost 20% in a day.

People basically buying up BCH to hold the other forked coin, kind of what happened in the past with the other forks.

I assumed that people stopped caring about forks anymore. Most seems dead like Bitcoin God, Bitcoin Atom, etc.

thought bcash was not forkable? its design to be the alternative of bitcoin that cannot be fork?

[bones261]

Gee whiz. Antpool and BTC.top decided to mine mostly empty blocks during the stress test, today. Wonder what the narrative is going to be about the results of this stress test.

[jbreher]

I guess my point of confusion was unclear. Allow me to be very specific: What do you mean by "put Bitcoin Cash in the save zone"?

You have several points of confusion. But lets clear this one up: Obviously he meant "safe zone."

How do you expect anybody to take you seriously if you actually believe Bitcoin Craig is Satoshi?

Now I know why you don't like Theymos. He has the things you crave the most, yet are sorely lacking: control and influence.

Nope. Still nonsensical. Every last bit, in fact.

[Bitbobb]

 Bitpico tried to conduct an _actual_ stress test of BCH only to be stopped in its tracks by BCH devs, who blacklisted hundreds of participating nodes.

Only nodes that mine matter in the network.  It is always sad when another BitCoin whisperer falls to earth

[nutildah]

 Bitpico tried to conduct an _actual_ stress test of BCH only to be stopped in its tracks by BCH devs, who blacklisted hundreds of participating nodes.

Only nodes that mine matter in the network.  It is always sad when another BitCoin whisperer falls to earth

So if somebody wants to act as a node and they're not mining, a centralized authority should be able to shut them down? Funny how no other coin does this.

[Bitbobb]

 Bitpico tried to conduct an _actual_ stress test of BCH only to be stopped in its tracks by BCH devs, who blacklisted hundreds of participating nodes.

Only nodes that mine matter in the network.  It is always sad when another BitCoin whisperer falls to earth

So if somebody wants to act as a node and they're not mining, a centralized authority should be able to shut them down? Funny how no other coin does this.

Your own comment shows you do not understand what you are talking about.  Good luck!

[hv_]

This was a great success.

https://news.bitcoin.com/stress-test-big-blocks-bch-network-confirms-2m-transactions-in-24-hours/


Bye trolls

[hv_]

https://old.reddit.com/r/btc/comments/9cbq2g/213_mb_block_completes_the_bch_stress_test/

21.3 MB block mined...

 

[whohackedme]

I would suggest that any of my crypto family hodl ing ONLY BTC diversify a little into BCH.  Only 8.5% of portfolio would protect your net IF, IF there is a flipp a ning. 

Price and Hash can move overnight.

Adoption can happen very fast too. (Aka end of 2017)

With BCH demonstrating their scale ability, there is no stopping adoption of BCH

Even the confirmation from Lightning group this weekend they said Lightning alone can NOT handle the scale.

It looks like BCH can be Cash AND Store of value.  BTC, only a store of value.

Those are reasons I diversify.  (And I speculate CSW is just creating fork FUD to create buying opportunity)

[whohackedme]

Well 8.85% now

[Mrpumperitis]

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

Many people will suffer from...Fongo

Guys
Good luck.

[hv_]

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

Many people will suffer from...Fongo

Guys
Good luck.

Thx

Bitcoiners work for and earn the luck.

We mine it.

In a pool we share.
 

[Mallyx]

23Tx/s for a +20Mb block ? That's ridiculous.
I can understand they don't speak so much about this.

[hv_]

About privacy


https://medium.com/@craig_10243/the-crypto-ring-of-gyges-f4858a037827

[Mrpumperitis]

OK , i have been looking into all the recent split/fork talk.
I have tried to look at what both sides are trying to do/say.

IMO, we need to slow down. I dont want to see a split/fork.
More testing before making major changes like CTOR. (and def no algo changes or switch to any form of pos)
No need for 128mb blocks yet either.
I'd say, wait till mid 2019 sometime after all BCH dev teams and other devs have TESTED and the community+miners know what the new tech is for.

We dont need smart contratcs like ETH ..
We must all focus on making a true P2P digital cash system and keep it simple and robust then see what we can build around it.

While the devs are doing their thing...the rest of us must focus on building an economy around BCH.

Lots of hard work for all ahead for all if we want BCH to be p2p digital cash.

[whohackedme]

I cant remember right now, I think it was Ver that said something about an issue at 22MB block.  I think we need to fix this & mine several 32MB stress tests blocks BEFORE we raise to 128MB.  Anyone wanting 128MB could easily make their own 32mb block and mine it to prove that we are ready for 128MB.

I would also like to hear from Jihan/Bitmain why they don't support big blocks?  I dont care if they said they wanted Big Blocks.  When it came time to prove it they barely mined 2MB.

[bones261]

I cant remember right now, I think it was Ver that said something about an issue at 22MB block.  I think we need to fix this & mine several 32MB stress tests blocks BEFORE we raise to 128MB.  Anyone wanting 128MB could easily make their own 32mb block and mine it to prove that we are ready for 128MB.

I would also like to hear from Jihan/Bitmain why they don't support big blocks?  I dont care if they said they wanted Big Blocks.  When it came time to prove it they barely mined 2MB.

The 128MB limit on SV is going to work a lot like BU's emergent consensus. A miner has an option to set both the maximum they are willing to mine and the maximum they are willing to accept without orphaning it. If the majority of the miners don't want 128MB blocks at this time, then what their hash votes, goes. This is unlike the ABC hardfork, which will basically force miners to order the transactions in the blocks canonically, or be orphaned off, even if the majority of miners don't want to order canonically at this time.

[hv_]

Yep. 128mb is good that its getting prepared. But true not yet needed but does not do much harm since the last stress test shows there are good enough physical limits still.

CTOR is a 'feature' nobody asked for and all such features that need too much 'force" to get in is no feature - pretty much as SW or LN.

[Bitbobb]

ABC is forcing the fork with their versioning item they added.  So if you are running ABC now then it will not work when the newer version comes out causing people to need to upgrade to the new software with ctor and all the other untested features no one asked for.

     I think ABC has proven themselves to not be professional software devs with this behaviours