narutos
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October 02, 2018, 04:11:26 PM |
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Dramatic Comedy continues news about BitmainCash or BitmainABC or the real BCH or whatever...Bitmain ABC Fork Details: BitcoinCash (BCH) Chain Split Controversy is RealWhat do You Need to Know About Bitmain ABC Fork? One of the most interesting things about Satoshi’s white paper on Bitcoin was that it deleted third party intervention to handle money from individuals. It was simple and secure. Indeed, individuals were finally able to manage their funds with freedom without intervention.
The founder of Bitmain and Bitcoin ABC, Jihan Wu is trying to add its species to the original protocols changing and adding to those original protocols. Moreover, they are trying to limit or slow any attempt of a massive on-chain scaling limiting the block size to 32 MB.
Bitcoin’s landscape is very competitive. Miners are competing at all times and trying to have a better piece of the market. If they do not invest, they lag behind and do not remain competitive.
By limiting block sizes, developers control the means of production and give subsidies to inefficient miners that do not want to invest to compete in the market.
Greg Maxwell, for example, has already warned about a Big Block Attack in which large miners wanted to take away less invested miners. That misrepresents the importance of scaling the network.
In order to improve Bitcoin’s security in the long term, it is very important to raise the block size. Miners would be forced to invest and keep being competitive. Those who do not want or cannot keep, would be outside the market. This is necessary to improve and ensure the viability and security of Bitcoin.
Bitcoin needs to reach a network operation level similar to the one of Visa or MasterCard.
Both Bitmain and ABC are trying to introduce some changes that have not considered the impact that they will have on the ecosystem.
Using Canonical Transaction Ordering Rule (CTOR), transactions would be sorted based on their identifiers. That would change the underlying protocols, which is a problem. The second problem is that the network scaling issue is not solved in this way.
This only allows chainless apps to be more capable. Something good for developers. But there are other problems for users because they need to trust a third party or software oracle.
Additionally, CTOR does not support 0-confirmation transactions. Due to the fact that Bitcoin aimed and was designed to be used as cash, BCH shows that it tried to eliminate the possibility of 0 confirmation transactions. That erodes the ecosystem
Jihan Wu is a strong supporter of CTOR and Wormhole, a second layer technology allowing for smart contracts.
On one hand, it seems that this allows the ecosystem to grow. On the other hand, it really drives innovation backward. In the end, Bitcoin Cash would be more similar to Ethereum, a developer currency, rather than electronic cash.
It seems that Bitmain and Mr. Wu are trying to fund ABC due to the fact that the mining company is a very important proponent of the CTOR and Wormhole.
Wu was an important figure that allowed Segregated Witness (SegWit) to happen and to be implemented on the Bitcoin blockchain. This has severely affected the whole network limiting it and allowing developers to start working on the Lightning Network. Until now, the Lighting Network is not implemented and is not working as expected.
BCH should work in a better way, and shouldn’t be manipulated frivolously. Developing the system is the only way to ensure that it will survive in the long term.Source: https://bitcoinexchangeguide.com/bitmain-abc-fork-details-bitcoin-cash-bch-chain-split-controversy-is-real/ Man, when will this thing be over? whats the future of bcash yall? will it remain top 5 all the time? take over bitcoin?highly doubt it, most liely stay @ top altcoin though
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notblox1
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October 02, 2018, 08:59:53 PM |
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Man, when will this thing be over? whats the future of bcash yall? will it remain top 5 all the time? take over bitcoin?highly doubt it, most liely stay @ top altcoin though
I think that some people like senor Calvin Ayre are transforming to Satoshi Visioners, and I also heard a rumors of yet another BCH fork called BitcoinStash http://bstash.org/ More info on medium article: https://medium.com/@BitcoinStash/the-bitcoin-cash-problem-part-1-bitcoin-abc-e99f981610e1
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sirsplashalot
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October 02, 2018, 09:18:52 PM |
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This article is 30 days old
Well Obviously.... but today I read it for the first time, and mister Calvin Ayre posted tweet about it few days ago, and you probably know about this 'gentelmen'. There is only ONE He seems to be Satoshi Visioner and ExBCasHer. Here’s a YouTube video of a tech lawyer laying out the facts of Wright v Kleiman. https://youtu.be/0blOkCdKAGgCalvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him.
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Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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sirsplashalot
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October 03, 2018, 11:08:45 AM |
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I would never invest in Bstash as by their website they are clearly not at capacity to understand basic economics. Anyone who says BCH is ‘centralized’ fails to understand the situation at hand. Just because Nchain believes so much in Bitcoin Cash and has literally spent the most of their resources mining Bitcoin Cash, does not mean Bitcoin Cash is centralized given ANY other individual or company is able to compete with the hashing power.
Centralized would be a coin like ripple where 60% of the supppy is locked up and unavailable to the public.
Capitalism creates competition which is a good thing.
BCH mining is a capitalist competition for hashpower = freedom.
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Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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notblox1
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October 03, 2018, 01:22:50 PM Last edit: October 03, 2018, 03:39:34 PM by notblox1 |
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I would never invest in Bstash as by their website they are clearly not at capacity to understand basic economics. Anyone who says BCH is ‘centralized’ fails to understand the situation at hand. Just because Nchain believes so much in Bitcoin Cash and has literally spent the most of their resources mining Bitcoin Cash, does not mean Bitcoin Cash is centralized given ANY other individual or company is able to compete with the hashing power.
Centralized would be a coin like ripple where 60% of the supppy is locked up and unavailable to the public.
Capitalism creates competition which is a good thing.
BCH mining is a capitalist competition for hashpower = freedom.
Roger Ver is the same investor in centralized Ripple, as he holds ~ 25 millions of ripple coins. Looks like he likes centralized stuff. https://www.youtube.com/watch?v=dmf4vqgn-n8Also new article about BitcoinStash https://blockonomi.com/bitcoin-stash/
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gembitz
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October 03, 2018, 02:46:33 PM |
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EXIT DUMP WEEEEEEEEE B-CASH VISION *
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©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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Raja_MBZ
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October 03, 2018, 02:52:21 PM |
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~snip~
Let's rebrand Bitcoin Cash to Bitmain Cash. The word "bitcoin" doesn't look suitable for something so centralized.
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Piston Honda
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Juicin' crypto
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October 03, 2018, 03:30:46 PM |
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This article is 30 days old
Well Obviously.... but today I read it for the first time, and mister Calvin Ayre posted tweet about it few days ago, and you probably know about this 'gentelmen'. There is only ONE He seems to be Satoshi Visioner and ExBCasHer. Here’s a YouTube video of a tech lawyer laying out the facts of Wright v Kleiman. https://youtu.be/0blOkCdKAGgCalvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him. 1. fuck bcash 2. look at dem titties on the girl on the left LORD HAVE MERCY, those need some good motorboatin' woooooo!!!
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$ADK ~ watch & learn...
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presduterte
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They call me Rad Rody.
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October 03, 2018, 05:47:31 PM |
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In an alternative reality we asked Sensei 聡 - What is it that moves? - Which BCH path should we follow? ... "Two monks were arguing about a flag blowing in the wind.
One said: 'The flag is moving.'
The other said: 'The wind is moving.'
Master 中本 told them: 'Not the wind, not
the flag; mind is moving.'
In that instant both monks became enlightened."
- Zen Story... A passing Tourist thought; 'only mouth is moving.' In that instance the entire universe imploded. - SWIM... Cool story bro! Woah this guy has the oldest account that wasn't hacked and is still actively used. I think he just took a giant crap on your coin but I'm not entirely certain.
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addicto
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October 03, 2018, 06:18:39 PM |
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~snip~
Let's rebrand Bitcoin Cash to Bitmain Cash. The word "bitcoin" doesn't look suitable for something so centralized. Although it sounds funny but it suit to this coin now after looking on efforts and contribution of Bitmain group. I also agreed with you Bitmain Cash is perfect name for this coin let's see when they will rebrand it?
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Simss
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October 04, 2018, 12:45:17 AM |
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The core devs that are left are enjoying making redundant solutions to problems that never existed. It’s cute. It’s good that they have a little science project
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Icutgrass205
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Bitcoin is today what the internet was decades ago
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October 04, 2018, 01:39:03 AM |
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No scaleability= miners out of business No Miners= no bitcoin small blocks= no scaleability
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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presduterte
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They call me Rad Rody.
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October 04, 2018, 05:14:11 AM Merited by TMAN (2), bones261 (1) |
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Roger Ver, 12/20/17 - Price of BCH = 0.13572: "You might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said. Price of BCH today = 0.08027 So much for BCH being "the real bitcoin"
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Icutgrass205
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Bitcoin is today what the internet was decades ago
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October 04, 2018, 08:08:24 AM |
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Roger Ver, 12/20/17 - Price of BCH = 0.13572: "You might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said. Price of BCH today = 0.08027 So much for BCH being "the real bitcoin" Price isn't everything, BCH has more usability than BTC
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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Icutgrass205
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Bitcoin is today what the internet was decades ago
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October 04, 2018, 08:10:00 AM |
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This article is 30 days old
Well Obviously.... but today I read it for the first time, and mister Calvin Ayre posted tweet about it few days ago, and you probably know about this 'gentelmen'. There is only ONE He seems to be Satoshi Visioner and ExBCasHer. Here’s a YouTube video of a tech lawyer laying out the facts of Wright v Kleiman. https://youtu.be/0blOkCdKAGgCalvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him. Not to mention there is the tribute video Craig made for Dave a while back.. https://www.youtube.com/watch?v=uVtOkE5vHbY
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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presduterte
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They call me Rad Rody.
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October 04, 2018, 10:28:33 AM |
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Roger Ver, 12/20/17 - Price of BCH = 0.13572: "You might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said. Price of BCH today = 0.08027 So much for BCH being "the real bitcoin" Price isn't everything, BCH has more usability than BTC On what planet? Certainly you don't mean earth. Even Dogecoin has more usability than BCH: https://bitcoinist.com/currency-much-fail-dogecoin-transactions-300-higher-bitcoin-cash/
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sirsplashalot
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Roger Ver, 12/20/17 - Price of BCH = 0.13572: "You might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said. Price of BCH today = 0.08027 So much for BCH being "the real bitcoin" Price isn't everything, BCH has more usability than BTC On what planet? Certainly you don't mean earth. Even Dogecoin has more usability than BCH: https://bitcoinist.com/currency-much-fail-dogecoin-transactions-300-higher-bitcoin-cash/Bitcoininist.com , the news that will fool even the dumbest people where they account 1day of transactions and fail to account for price in $ of those transactions. They also fail to mention Bitcoin Cash being the most widely accepted currency amongst merchants. Here’s a better message for you: https://youtu.be/NBfi8OEz0rABtw happy 12th birthday.
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Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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Icutgrass205
Jr. Member
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Activity: 98
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Bitcoin is today what the internet was decades ago
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October 04, 2018, 02:11:37 PM |
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Roger Ver, 12/20/17 - Price of BCH = 0.13572: "You might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said. Price of BCH today = 0.08027 So much for BCH being "the real bitcoin" Price isn't everything, BCH has more usability than BTC On what planet? Certainly you don't mean earth. Even Dogecoin has more usability than BCH: https://bitcoinist.com/currency-much-fail-dogecoin-transactions-300-higher-bitcoin-cash/Can dogecoin scale? No it cant, end of arguement, coins that can't scale won't have any use in the future.
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Bitcoin, a peer-to-peer electronic cash system for the world. BTC tips are greatly appreciated 35BqJwcycsLDoPrBxmxuh1e4MY7bcDPvGW
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notblox1
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October 04, 2018, 03:38:58 PM |
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