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

[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?

[1714932821]

1714932821

[GoodHabit]

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?

Because you shouldnt trust CMC... As no one is mining the pre-fork chain, technically, BCH doesnt exist. Most exchanges have stoped trading, and usually, you cant deposit or withdraw.. Some exchanges still trade unsplit BCH, at around 370. If later, only one chain prevails, price should converge. If both chains survive, those exchanges still can split later, as long as dep and withd remain closed.. But CMC should at least exclude all exchanges from calculation, where unsplit BCH arent traded anymore.. OR only list both forks...

[presduterte]

Because you shouldnt trust CMC... As no one is mining the pre-fork chain, technically, BCH doesnt exist. Most exchanges have stoped trading, and usually, you cant deposit or withdraw.. Some exchanges still trade unsplit BCH, at around 370. If later, only one chain prevails, price should converge. If both chains survive, those exchanges still can split later, as long as dep and withd remain closed.. But CMC should at least exclude all exchanges from calculation, where unsplit BCH arent traded anymore.. OR only list both forks...

Thanks, that makes a lot of sense. What's funny is the 2 forks combined don't even equal the price of BCH as calculated by CMC.

Regardless, anybody who bought into BCH specifically to take part in the fork is now sitting on a loss.

[Globb0]

anybody who bought into BCH specifically to take part in the fork is now sitting on a loss.

just like a honey pot

[addicto]

Because you shouldnt trust CMC... As no one is mining the pre-fork chain, technically, BCH doesnt exist. Most exchanges have stoped trading, and usually, you cant deposit or withdraw.. Some exchanges still trade unsplit BCH, at around 370. If later, only one chain prevails, price should converge. If both chains survive, those exchanges still can split later, as long as dep and withd remain closed.. But CMC should at least exclude all exchanges from calculation, where unsplit BCH arent traded anymore.. OR only list both forks...

Thanks, that makes a lot of sense. What's funny is the 2 forks combined don't even equal the price of BCH as calculated by CMC.

Regardless, anybody who bought into BCH specifically to take part in the fork is now sitting on a loss.

That kind of events always increase of experience what could happen when noobs keep buying with dream to get rich. That listing creating big confusing for all holders what will happen in future even fork already happened and we are getting still old data.

[sirsplashalot]

This is as stupid as saying: the shop that received 1000 1$ bills has more income then the shop that received 900 5$ bills.

[cAPSLOCK]

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/

[Icutgrass205]

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.

You must be new to blockchains, let me simplify it for you. The hash war is not over until one side quits, the longest chain wins buddy. Just because ABC got a burst of hashrate from roger switching his btc mining pool to bch, doesnt mean they will sustain that hash rate in the long run. It cost him a fuck load of money to do that

[Icutgrass205]

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

[flametoken]

Bitcoin cash also needs to apply for an ETF. I hope that in the near future, some organizations will apply for an ETF.

[Icutgrass205]

Bitcoin cash also needs to apply for an ETF. I hope that in the near future, some organizations will apply for an ETF.

In time my friend, for now the most important things are: Lock down the protocol so that devs cant come in and change whatever the hell they want every 6 months. The original bitcoin works just fine, no need to keep adding changes to something thats not broken. That will give enterprises and business more confidence in building something on top of BCH. Then we need scaleability to keep the miners in profit.

[gembitz]

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.

SV is the future of crypto lol

[gentlemand]

Bitcoin cash also needs to apply for an ETF. I hope that in the near future, some organizations will apply for an ETF.

Yup. I'm sure all those pension funds will be utterly delighted to wake up and find they have another 10 new forks to play with. What more could anyone want? Just what the doctor ordered.

[Xandan]

I looking forward to see this thread being locked as exchanges already have started to delist BCH. In coming days Coinmarketcap also will remove BCH and then two lower positioned will be allocated to these new born coins. I think it is matter of time now. BCH is clear looser till now as on cost of it BCHABC and BCHSV will continue fighting to decide which is real BCash.

[gembitz]

I looking forward to see this thread being locked as exchanges already have started to delist BCH. In coming days Coinmarketcap also will remove BCH and then two lower positioned will be allocated to these new born coins. I think it is matter of time now. BCH is clear looser till now as on cost of it BCHABC and BCHSV will continue fighting to decide which is real BCash.

~satoshis virus lel

[hush]

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

It is suspicious behind Coinmarketcap from where they getting data to indicate the current price all big exchanges already disable trading before the hard fork. Some exchanges announced the removal of BCH ticker and new trading will take place under ticker.

[operabit]

I looking forward to see this thread being locked as exchanges already have started to delist BCH. In coming days Coinmarketcap also will remove BCH and then two lower positioned will be allocated to these new born coins. I think it is matter of time now. BCH is clear looser till now as on cost of it BCHABC and BCHSV will continue fighting to decide which is real BCash.

If what happens is like that, then everything is planned from afar. It seems like this is a new tactic for dropping old coins with new coins which the price can be the same and even crazier.

[jbreher]

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.

I think you need to revisit what I have actually written. At least if you want to claim you have an informed opinion on the matter.

[jbreher]

Guys sv just died, no split, no sv coin..no hash 

Boy, when you state falsehoods, you go all-in, don't you? Every last one of your 'no' statements above is disproven by the most cursory glance at Coin Dance.

[Mrpumperitis]

Guys sv just died, no split, no sv coin..no hash 

Boy, when you state falsehoods, you go all-in, don't you? Every last one of your 'no' statements above is disproven by the most cursory glance at Coin Dance.

lol i state falsehoods , do you say the same to your faketoshi?



oh and btw, sv coin is dead....no one with any sense would want to buy ,use or support that shit.