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

[bones261]

  Do people know what ambivalent means? It's a state of uncertainty.

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[narutos]

Dramatic Comedy continues  
news about BitmainCash or BitmainABC or the real BCH or whatever...


Bitmain ABC Fork Details: BitcoinCash (BCH) Chain Split Controversy is Real

What 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

[notblox1]

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

[sirsplashalot]

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/0blOkCdKAGg

Calvin Ayre is a billionaire, calling him names or showing pictures of him with with boobies won’t discredit him.

[notblox1]

Yes they are all 'self made multi billionaires' and friends in charge of BCH coin
that is Why BitcoinStash is maybe the best option.
http://bstash.org/





I also saw good news about Bcash...getting in Asia market, plane to plane, as p2p cash... !!!
https://www.youtube.com/watch?v=14JmVNQPNBQ
https://www.youtube.com/watch?v=USmjiyEgHPo

[sirsplashalot]

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.

[notblox1]

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-n8


Also new article about BitcoinStash
https://blockonomi.com/bitcoin-stash/

[gembitz]

EXIT DUMP WEEEEEEEEE  B-CASH VISION *

[Raja_MBZ]

~snip~

Let's rebrand Bitcoin Cash to Bitmain Cash. The word "bitcoin" doesn't look suitable for something so centralized.

[Piston Honda]

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/0blOkCdKAGg

Calvin 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!!! 

[presduterte]

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.

[addicto]

~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?

[Simss]

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

[Icutgrass205]

No scaleability= miners out of business
No Miners= no bitcoin
small blocks= no scaleability

[presduterte]

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"  

[Icutgrass205]

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

[Icutgrass205]

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/0blOkCdKAGg

Calvin 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

[presduterte]

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/

[sirsplashalot]

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/NBfi8OEz0rA

Btw happy 12th birthday.

[Icutgrass205]

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.