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

[Zin-Zang]

Fascinating. Andreas Brekken just stated on livestream that the ABC team reached out some time ago to all exchanges, and pushed out a patch that invalidates deep reorgs. Further, that all exchanges will be implementing another patch that includes what he termed a centralized checkpoint. The net result of all this, if true, is that SV will be unable to reorg the ABC chain out of existence. No matter what the relative hashpower may be.

There had previously been a shared assumption that SV forces had dedicated a large chunk of hash power to mining a parallel secret chain of empty ABC blocks. One that they would later -- at a time of maximum disruption -- release this chain. This secretly mined empty block SV-ABC chain, being longer than the ABC-ABC chain, which would invalidate the ABC-ABC chain. This would have invalidated all the previous 'settled' ABC txs.

Assuming that ABC indeed has all the exchanges lined up, this attack is largely nullified.

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

So they just released a coded checkpoint in a program update or activated a checkpoint server?

Do you have any link with more details, about how deep of a reorg is allowed?

Did they release the new program to the public or just the exchanges?

TIA. 

[jbreher]

Fascinating. Andreas Brekken just stated on livestream that the ABC team reached out some time ago to all exchanges, and pushed out a patch that invalidates deep reorgs. Further, that all exchanges will be implementing another patch that includes what he termed a centralized checkpoint. The net result of all this, if true, is that SV will be unable to reorg the ABC chain out of existence. No matter what the relative hashpower may be.

There had previously been a shared assumption that SV forces had dedicated a large chunk of hash power to mining a parallel secret chain of empty ABC blocks. One that they would later -- at a time of maximum disruption -- release this chain. This secretly mined empty block SV-ABC chain, being longer than the ABC-ABC chain, which would invalidate the ABC-ABC chain. This would have invalidated all the previous 'settled' ABC txs.

Assuming that ABC indeed has all the exchanges lined up, this attack is largely nullified.

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

So they just released a coded checkpoint in a program update or activated a checkpoint server?

Do you have any link with more details, about how deep of a reorg is allowed?

Did they release the new program to the public or just the exchanges?

TIA. 

Sorry. I have no corroborating info. This is heresay rendered verbally in a livestream conversation amongst a number of bitcoin figures both known and unknown.

[presduterte]

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

[MoneyJ]

The forking has driven the price of BCH into  a high percentage loss and coupled that with hacking attempt . I guess I will wait a longer time to make a purchase after it stabilize.

[presduterte]

[tirthraj]

BCH hardfork has done . Good news  along with I received same amount of BCHSV coin and  I think it was positive fork.

[el_rlee]

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

Why is SV behind so much? Shouldn't the difficult adjust every block on both chains independently?

[jbreher]

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

Haha. Do you think I am SV? That's rich.

[sharpshot]

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

Why is SV behind so much? Shouldn't the difficult adjust every block on both chains independently?

One theory I heard was that ABC were using a lot of hash power for very brief times, to prevent the difficulty adjusting too much.  I have no idea if that makes any sense, just something I heard.  I think both coins are in serious trouble because most people wont trust either of them now.  CSW could be a joke but just the threats will put people off ABC.  I think most people wouldn't want to buy SV because CSW is involved.  Its a shame, the big block experiment is interesting but the behavior of Ver and CSW is just too childish.

[hv_]

Ed is right - but hard to transport

https://youtu.be/6n6VxLjSCAI

[bitserve]

Fascinating. Andreas Brekken just stated on livestream that the ABC team reached out some time ago to all exchanges, and pushed out a patch that invalidates deep reorgs. Further, that all exchanges will be implementing another patch that includes what he termed a centralized checkpoint. The net result of all this, if true, is that SV will be unable to reorg the ABC chain out of existence. No matter what the relative hashpower may be.

There had previously been a shared assumption that SV forces had dedicated a large chunk of hash power to mining a parallel secret chain of empty ABC blocks. One that they would later -- at a time of maximum disruption -- release this chain. This secretly mined empty block SV-ABC chain, being longer than the ABC-ABC chain, which would invalidate the ABC-ABC chain. This would have invalidated all the previous 'settled' ABC txs.

Assuming that ABC indeed has all the exchanges lined up, this attack is largely nullified.

The ABC-ers seem to celebrating what they are terming a win. I don't understand this, unless their concept of 'win' is 'unable to be reorged out of existence'. Certainly, this does not preclude SV existing into the future, or even still to become the preponderance of economic activity.

And I was so looking forward to seeing an actual hash war.

Though the future will still be quite fascinating regardless. I've not seen what SV's response will be.

What you have seen/are seeing is exactly a hash war. What else were you expecting? 51% attacks on the other chain? Reorg chaos? Well, that is what Wright was threatening with... and it hasn't happened yet. So yeah, I guess it is a win for ABC (which said nothing about attacking/killing SV). There is still some minor probability for a surprise but I wouldn't count on it.

Maybe when Calvin folds and separate ways with Wright everything will be more clear?

I will state this one more time: Contentious forks are BAD in every sense.

[presduterte]

Nothing special. Just Satoshi Nakamoto casually forecasting what a stupid idea Bcash would be in 2010...

https://old.reddit.com/r/Bitcoin/comments/9xgtua/nothing_special_just_satoshi_nakamoto_casually/

Quote from Satoshi : "If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version. If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version. This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version[...]."

Ouch. This pretty much dissolves any last remaining possible universe where CSW is Satoshi. I never believed he was but its hard to imagine people who have enough money to tomfool around with Bcash forks still do. Its like, how do you accrue that much money if you are that dimwitted?

Haha. Do you think I am SV? That's rich.

You've done nothing but shill for CSW so hard that if you weren't him, you're his biggest fan, so its a logical assumption.

[Davidbike1]

SV is 75% hashpower. Do you think is it manipulation or true power?

Explain how hash power can be 'manipulated'?

Yeah I could see that if one turns off some or all of their mining power then the other may prevail.  I was just thinking that the team that loses could just move into another altcoin, and those who invested in bch before the split will get both coins

[Mrpumperitis]

Guys sv just died, no split, no sv coin..no hash 
If you have any sv futures best try sell them asap,while you can.
 

[Mrpumperitis]

sv pool is gone aswell now, no one is mining sv..0
coingeek and sv have left.

[Retaliator]

Shit Vision and Also Bull Crap - two scamforks instead of one, so what's the difference?

[AlloM]

Shit Vision and Also Bull Crap - two scamforks instead of one, so what's the difference?

Both are scam this has been exposed none of them have any comparison with original BTC. I think this is good for old and most loved coin which is already leading the whole ecosystem now it will rise with more power.

[presduterte]

sv pool is gone aswell now, no one is mining sv..0
coingeek and sv have left.

Its price has still gone up about 20% in the last few hours... don't really understand why though

http://hashwars.cash/

[Mrpumperitis]

sv pool is gone aswell now, no one is mining sv..0
coingeek and sv have left.

Its price has still gone up about 20% in the last few hours... don't really understand why though

http://hashwars.cash/

whale sv bagholders trying to dump high to noobs while they still can lol

[presduterte]

OK I have a serious question. Haven't received an answer elsewhere.

As of today, what is "BCH"? How does it still exist and have a price?

https://coinmarketcap.com/currencies/bitcoin-cash

If you add up the price of the 2 forks, its less than the current price of BCH, so its not the combined value of both forks... So why does it still have tremendous volume and sit at #4 in the market cap, instead of 1 coin struggling to stay in the top 5 and the other in the top 10?