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

[sirsplashalot]

Bitcoin is capitalism. The individual or company that use the most resources gets the highest reward. Because one company is currently using more resources than all other individuals and companies, that does not make make Bitcoin centralized, that makes that company the hardest working.

You mean "than all the other individuals and companies combined," and that is certainly what centralization is.

Besides, we're not talking about bitcoin, we're talking about Bitcoin SV. CSW was just dumb to claim that ABC was centralized when his coin is even moreso. Bad, bad argument. He's been reaching for straws since the beginning but now he is reaching for... pine needles.

Coingeek currently up to 70%.

the cen·tral·i·zation
/sentrələˈzāSH(ə)n/Submit
noun
the concentration of control of an activity or organization under a single authority of an activity or organization under a single authority

The concentration of control isn’t under a single authority as any individual or company can become that ‘single authority’ if they simply work harder then that ‘single authority.’

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[sirsplashalot]

BSV is happening
#

Dude. Who gives a flying fuck if BSV gets 1,000 blocks ahead of ABC? It will simply be a less valuable, less used altcoin that has a needlessly high hash rate and is 7-8 spots lower in the market cap rankings than BCH. It's not like the exchanges and everyone else is gonna back-peddle and say "Oh shit, we messed up. Guess BSV is BCH after all." That's not how it works.

That’s definitely not how it works. PoW is much stronger then ‘proof of exchange ownership ego’

[European Central Bank]

https://twitter.com/CalvinAyre/status/1065876603165687810

https://www.reddit.com/r/btc/comments/9zmq3x/increasingly_desperate_calvin_ayre_schooled_by/?sort=confidence

i guess things are winding down a little though note the infantile insistence that ABC do the replay protection. i would've thought it was polite for the chain no one wants or uses to fork again to implement it.

so now we'll have another bitcoin, but one vastly less credible than BCH or bitcoin gold or bitcore or all the other ones. SV will soon be worth less than the obscurest shitforks.

[Icutgrass205]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

[Crypitol]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

Everywhere, but the first is in it's opening argument abstract. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending

The revocation of a trusted third or central party is the definition of decentralization.

[bones261]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

    It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.)
   Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government?

[HelgaJ]

At the moment, the price of this coin has gone down very much, but I believe that this project will remain one of the most powerful and promising.

[Icutgrass205]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

    It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.)
   Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government?

But it seems that temporary centralization of the mining nodes on SV is what is needed to push the global adoption for p2p electronic cash. SV wants to lock down the protocol, SV wants big business and enterprise level use of bitcoin. ABC does not want any of these things, hence the implementation of DSV which effectively makes bitcoin illegal.

[bones261]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

    It doesn't. It just states that it is p2p electronic cash. However, it is much better to have many entities mining rather than fewer entities mining. More entities mining helps ensure that the mining nodes are competing rather than colluding. If you make the barrier for entry too high, you end up with an oligarchy that have a good likelihood of entering into a cartel. (Although it is abundantly clear in BCH case that the two big mining alliances in BCH are actually competing. However, it has resulted in a split, and now each chain is mostly being support by one alliance. I wouldn't go so far as state that it is a "cartel" but it is obvious that both the BCHABC chain is now run by Bitmain and it's allies and BCHSV is now run by nChain and it's allies.)
   Also, in order to be true p2p electronic cash, it would be nice if most people have the option of performing an independent audit of what the miners are actually doing, by running a full node. Although a proper SPV wallet can assure that at least your transactions are valid, it would be nice to be assured that the miners are not colluding and pulling some dubious shit. If you make it prohibitively expensive for anyone to be able to conduct their own audit, we all have to rely on the fiscally capable to keep tabs on the miners. How is that really any better of an alternative than just using banks which are controlled by a central bank of the government?

But it seems that temporary centralization of the mining nodes on SV is what is needed to push the global adoption for p2p electronic cash. SV wants to lock down the protocol, SV wants big business and enterprise level use of bitcoin. ABC does not want any of these things, hence the implementation of DSV which effectively makes bitcoin illegal.

     My concern with SV is it is obvious that if anyone comes along and has competing ideas, Dr Wright will just threaten to ruin and orphan them. How is that encouraging free and open competition? Agree with us or else?
However, if I really had any skin in BCH, which I don't, I would prefer SV over ABC. Bitmain is the absolute worst. Anything that counters them is welcome.

[what is happening]

buying BSV dip like crazy

[bones261]

buying BSV dip like crazy

   You realize Dr Wright doesn't respect people sitting in their pajamas and daytrading. To show your support, get a non-Bitmain Asic and start mining. (Or build platforms that actually give SV use cases.)

[cvdesty]

My concern with SV is it is obvious that if anyone comes along and has competing ideas, Dr Wright will just threaten to ruin and orphan them. How is that encouraging free and open competition? Agree with us or else?

It's because of self-centered people like Dr. Craig that regulations must come to this market. The crypto market already had a bad reputation. Dr. Craig made things much worse with his malicious threats. His intentions are highly questionable. He is not worthy of our support.

[nutildah]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

From Satoshi's introduction of the whitepaper:

I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source

Its the entire premise of the idea. Creating a DECENTRALIZED currency.

Show's over. Craig lost. Actually, all of BCH lost. Nothing more to see here.

[mk111]

BCash is slowly dying.... LOL i mean BTrash!

[bones261]

Can someone point to where it says bitcoin was supposed to be decentralized in the white paper?

From Satoshi's introduction of the whitepaper:

I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source

Its the entire premise of the idea. Creating a DECENTRALIZED currency.

Show's over. Craig lost. Actually, all of BCH lost. Nothing more to see here.

Thank you so much for this link. It totally debunks the narrative that the white paper doesn't mention the word "decentralized."

https://www.youtube.com/watch?v=FscIgtDJFXg


Last piece of the puzzle.

[Mrpumperitis]

https://twitter.com/ProfFaustus/status/1065920263093669889
@wormholeSV

Replying to @ProfFaustus
Looking forward to seeing big business begin to use WSV tokens for loyalty points, stocks, and more. #BitcoinSV is business. Wormhole is here to compete.


 
@ProfFaustus

Coin Burning on SV is a donation to miners - thank you


 
@VivienBTC
 
What happenned to the Satoshi that was OK with it being a donation to the community?


@TeamWinnaar

losing keys != burning coins


 
@ProfFaustus

Correct

[what is happening]

guys buy as much as you can 0.03 minimum

[presduterte]

guys buy as much as you can 0.03 minimum

OK who deployed the low-effort SV pump bot?

Real funny guys.

[bitcircle]

guys buy as much as you can 0.03 minimum

OK who deployed the low-effort SV pump bot?

Real funny guys.

Now whales have been divided in 2 groups this has been turned into war it seems this will continue for long time and only wise people keep making profit from this pump when it will happen.

[what is happening]

IMPORTANTTHING DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE