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

[Bitcoin Cash]

Bitcoin Cash fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash"

[jbreher]

Mmm Hmm... Meanwhile, the average BTC block size has been creeping up again. We may already be on the edge of the next blockalypse.

The first blockalypse never happened. What has happened since December 2017? BCH's market share has plummeted and bitcoin has survived just fine.

Un Hunh. And what happened to all that adoption that was building - right up until the point that BTC could not handle the demand?

Which of course will be accompanied by ever-lengthening confirmation times, and soaring fees. Once BTC returns to its eventual equilibrium of unusability, where do you think the tx demand is going to go?

Well that's easy: Lightning Network.

No. LN cannot onboard enough people fast enough to be a contender. Not to mention all the evil that will be unleashed when the chain does not have the capacity to handle renewals or cashouts. Even if it had the value capacity for meaningful commerce. Or even if it had simple clients. Or the ability to route in a malleable environment of channels coming and going, with users wanting trustless, permissionless, decentralized operation.

Wow... I know enough about you to know you, more than the average person,  have the skills to do simple deductive reasoning...  If lightning doesn't have the ability to onboard people fast enough for OFF CHAIN... then  how will BSV be able to confirm that may payments ON CHAIN without centralizing?  It takes ONE TX to go off chain and then to do do millions of transactions using that SINGLE off chain TX.

Doing everything on chain is an interesting future goal... but it is decades out.

(key words "on chain")

You seem to be missing the fact that everyone who wants to employ LN needs to perform at least one onchain tx. Only then can they engage in gajillions of off chain channel txs. No room on the chain, no room for more LN adopters.

How many Bitcoin txs have you done in the last year? What percentage of those were opening, closing, or maintaining LN channels?

Until a cabal of subverters decided to cripple BTC, doing everything on chain was just The Way Bitcoin Worked. Fortunately, in the cases of SV and BCH, doing everything on chain is still just the way Bitcoin works.

You have any metrics to share that may quantify the centralization you imply is a necessary effect of large amounts of onchain txs? No? No metrics? Color me shocked.

[Bitbobb]

Mmm Hmm... Meanwhile, the average BTC block size has been creeping up again. We may already be on the edge of the next blockalypse.

The first blockalypse never happened. What has happened since December 2017? BCH's market share has plummeted and bitcoin has survived just fine.

Un Hunh. And what happened to all that adoption that was building - right up until the point that BTC could not handle the demand?

Which of course will be accompanied by ever-lengthening confirmation times, and soaring fees. Once BTC returns to its eventual equilibrium of unusability, where do you think the tx demand is going to go?

Well that's easy: Lightning Network.

No. LN cannot onboard enough people fast enough to be a contender. Not to mention all the evil that will be unleashed when the chain does not have the capacity to handle renewals or cashouts. Even if it had the value capacity for meaningful commerce. Or even if it had simple clients. Or the ability to route in a malleable environment of channels coming and going, with users wanting trustless, permissionless, decentralized operation.

Wow... I know enough about you to know you, more than the average person,  have the skills to do simple deductive reasoning...  If lightning doesn't have the ability to onboard people fast enough for OFF CHAIN... then  how will BSV be able to confirm that may payments ON CHAIN without centralizing?  It takes ONE TX to go off chain and then to do do millions of transactions using that SINGLE off chain TX.

Doing everything on chain is an interesting future goal... but it is decades out.

(key words "on chain")

You seem to be missing the fact that everyone who wants to employ LN needs to perform at least one onchain tx. Only then can they engage in gajillions of off chain channel txs. No room on the chain, no room for more LN adopters.

How many Bitcoin txs have you done in the last year? What percentage of those were opening, closing, or maintaining LN channels?

Until a cabal of subverters decided to cripple BTC, doing everything on chain was just The Way Bitcoin Worked. Fortunately, in the cases of SV and BCH, doing everything on chain is still just the way Bitcoin works.

Some of the same subversive items that crippled btc are being added to BCH so it is only a matter of time before both liability and subversion becomes obvious on the BCH chain also.  

[sirsplashalot]

Mmm Hmm... Meanwhile, the average BTC block size has been creeping up again. We may already be on the edge of the next blockalypse.

The first blockalypse never happened. What has happened since December 2017? BCH's market share has plummeted and bitcoin has survived just fine.

Un Hunh. And what happened to all that adoption that was building - right up until the point that BTC could not handle the demand?

Which of course will be accompanied by ever-lengthening confirmation times, and soaring fees. Once BTC returns to its eventual equilibrium of unusability, where do you think the tx demand is going to go?

Well that's easy: Lightning Network.

No. LN cannot onboard enough people fast enough to be a contender. Not to mention all the evil that will be unleashed when the chain does not have the capacity to handle renewals or cashouts. Even if it had the value capacity for meaningful commerce. Or even if it had simple clients. Or the ability to route in a malleable environment of channels coming and going, with users wanting trustless, permissionless, decentralized operation.

Wow... I know enough about you to know you, more than the average person,  have the skills to do simple deductive reasoning...  If lightning doesn't have the ability to onboard people fast enough for OFF CHAIN... then  how will BSV be able to confirm that may payments ON CHAIN without centralizing?  It takes ONE TX to go off chain and then to do do millions of transactions using that SINGLE off chain TX.

Doing everything on chain is an interesting future goal... but it is decades out.

(key words "on chain")

You seem to be missing the fact that everyone who wants to employ LN needs to perform at least one onchain tx. Only then can they engage in gajillions of off chain channel txs. No room on the chain, no room for more LN adopters.

How many Bitcoin txs have you done in the last year? What percentage of those were opening, closing, or maintaining LN channels?

Until a cabal of subverters decided to cripple BTC, doing everything on chain was just The Way Bitcoin Worked. Fortunately, in the cases of SV and BCH, doing everything on chain is still just the way Bitcoin works.

And apparently shrinking the blocksize is a solution now  

[hv_]

Mmm Hmm... Meanwhile, the average BTC block size has been creeping up again. We may already be on the edge of the next blockalypse.

The first blockalypse never happened. What has happened since December 2017? BCH's market share has plummeted and bitcoin has survived just fine.

Un Hunh. And what happened to all that adoption that was building - right up until the point that BTC could not handle the demand?

Which of course will be accompanied by ever-lengthening confirmation times, and soaring fees. Once BTC returns to its eventual equilibrium of unusability, where do you think the tx demand is going to go?

Well that's easy: Lightning Network.

No. LN cannot onboard enough people fast enough to be a contender. Not to mention all the evil that will be unleashed when the chain does not have the capacity to handle renewals or cashouts. Even if it had the value capacity for meaningful commerce. Or even if it had simple clients. Or the ability to route in a malleable environment of channels coming and going, with users wanting trustless, permissionless, decentralized operation.

Wow... I know enough about you to know you, more than the average person,  have the skills to do simple deductive reasoning...  If lightning doesn't have the ability to onboard people fast enough for OFF CHAIN... then  how will BSV be able to confirm that may payments ON CHAIN without centralizing?  It takes ONE TX to go off chain and then to do do millions of transactions using that SINGLE off chain TX.

Doing everything on chain is an interesting future goal... but it is decades out.


(key words "on chain")

How can that bitcoin that is written and specked up in the Satoshi Whitpaper AND correctly implemented on purpose be ever centralized?    Smtp  nodes are only some big entities like gmail gmx ...  but that doesn t make smtp  centralized by any means.       BSV   is  that  smtp analogon by definition , commitment and roadmap.

[Globb0]

Im sticking to running a POP node its the original vision

[hv_]

Im sticking to running a POP node its the original vision

A node described in the white paper does .... ?

It is a miner

[adamvp]

"Together we stand - divided we fall"
This all BCC BCH BCD BCG BCV BCS drama leads to somewehere where I was afraid it has to lead - divided community is much weaker and weaker. And looking
realistically there is no sign of recovery

100% inevitable.

no one should be surprised by the outcome. forks of forks are not a sound basis to build something that others will trust.

compare how litecoin have conducted themselves to this. it's pitiful.

Yeah, initially consensus mechanism in Bitcoin was supposed to be based on higher hashrate and it happened very bad that it was allowed so many forks survived. It would be much better cryptocurrencies with lower hashrate would never survive and to focus all developement on best projects! World do not need thousands of crypto to transfer money...

[hv_]

"Together we stand - divided we fall"
This all BCC BCH BCD BCG BCV BCS drama leads to somewehere where I was afraid it has to lead - divided community is much weaker and weaker. And looking
realistically there is no sign of recovery

100% inevitable.

no one should be surprised by the outcome. forks of forks are not a sound basis to build something that others will trust.

compare how litecoin have conducted themselves to this. it's pitiful.

Yeah, initially consensus mechanism in Bitcoin was supposed to be based on higher hashrate and it happened very bad that it was allowed so many forks survived. It would be much better cryptocurrencies with lower hashrate would never survive and to focus all developement on best projects! World do not need thousands of crypto to transfer money...

Sure. Good point. So what defines the protocol that an honest miner should follow?  Where are the legit specs for?

[LUCKMCFLY]

"Together we stand - divided we fall"
This all BCC BCH BCD BCG BCV BCS drama leads to somewehere where I was afraid it has to lead - divided community is much weaker and weaker. And looking
realistically there is no sign of recovery

100% inevitable.

no one should be surprised by the outcome. forks of forks are not a sound basis to build something that others will trust.

compare how litecoin have conducted themselves to this. it's pitiful.

Yeah, initially consensus mechanism in Bitcoin was supposed to be based on higher hashrate and it happened very bad that it was allowed so many forks survived. It would be much better cryptocurrencies with lower hashrate would never survive and to focus all developement on best projects! World do not need thousands of crypto to transfer money...

Sure. Good point. So what defines the protocol that an honest miner should follow?  Where are the legit specs for?

Bitcoin Cash dared to make a Hard Fork to generate Bitcoin SV, at the precise moment that Roger had his problem with his partner, I do not know how important these people believe, but the only thing that Hard Fork does is Bitcoin, I mean, For my Bitcoin Cash it does not have and will never have a life of its own.

[cool4y]

I can't believe my eyes that this misconception and purposeless hybrid fork is still around. What we need in the cryptocurrency space is cleansing from the trash coins.

[alevlaslo]

 Are you sure that inside the BTC LN channel you can not print unnoticed new coins according to the Ponzi scheme?

[mindrust]

"Together we stand - divided we fall"
This all BCC BCH BCD BCG BCV BCS drama leads to somewehere where I was afraid it has to lead - divided community is much weaker and weaker. And looking
realistically there is no sign of recovery

100% inevitable.

no one should be surprised by the outcome. forks of forks are not a sound basis to build something that others will trust.

compare how litecoin have conducted themselves to this. it's pitiful.

Yeah, initially consensus mechanism in Bitcoin was supposed to be based on higher hashrate and it happened very bad that it was allowed so many forks survived. It would be much better cryptocurrencies with lower hashrate would never survive and to focus all developement on best projects! World do not need thousands of crypto to transfer money...

They survive because nobody wants to waste their time and money just to prove a point. Bitcoin Gold already was attacked and proved that weak hash rate coins are not safe.

After seeing what happened to BTG, if you are still buying weak coins like BCH and BSV, you deserve what's coming to you.

[BitcoinFX]

... snip ...

And apparently shrinking the blocksize is a solution now  

Where the alternative solution is to make money (a digital cash !) 'heavier' ? ...

- https://news.mlh.io/i-hacked-the-middle-out-compression-from-silicon-valley-06-16-2015

"... Please let me know if I overlooked anything that could make me a member of the Three Comma Club. I want a boat. And doors that open vertically..."

- https://www.hoover.org/research/middle-out-economics

"... in which he advanced a middle-out thesis for economic growth: “The fundamental law of capitalism is, if workers don’t have any money, businesses . . . don’t have any customers.” ..."

 

[hv_]

I can't believe my eyes that this misconception and purposeless hybrid fork is still around. What we need in the cryptocurrency space is cleansing from the trash coins.

There haven't been enough trolling, so it's still there.

Or

There is so much recognition also due to much trolling, so it's still there.

 

[mrRen_]

Hello,

can someone help me varifiy if BCH was claimed (and spend) for this btc adress?
I talk about fork on 31. aug 2017

13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Kind regards

[cAPSLOCK]

Hello,

can someone help me varifiy if BCH was claimed (and spend) for this btc adress?
I talk about fork on 31. aug 2017

13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Kind regards

https://explorer.bitcoin.com/bch/address/13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

[mrRen_]

Hello,

can someone help me varifiy if BCH was claimed (and spend) for this btc adress?
I talk about fork on 31. aug 2017

13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Kind regards

https://explorer.bitcoin.com/bch/address/13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Thanks.. so if you see any activity after 31.07.2017, that means coins were claimed?

Is there any tool, that i could see where the coins are? for example if they are on binance ?
could I track somehow if they are on any exchange ?

Regards

[nutildah]

Hello,

can someone help me varifiy if BCH was claimed (and spend) for this btc adress?
I talk about fork on 31. aug 2017

13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Kind regards

https://explorer.bitcoin.com/bch/address/13dsx9MWoNDtPqupziDZ4QZDf8pRzP81eA

Thanks.. so if you see any activity after 31.07.2017, that means coins were claimed?

Is there any tool, that i could see where the coins are? for example if they are on binance ?
could I track somehow if they are on any exchange ?

Regards

Sure, you can use the block explorer in the link above to follow where the coins went. However, its a bit tricky because you have to follow all the different expenditures and will have to know what the Binance BCH address is. As far as I know there's no publicly available utility that will link to BCH addresses together for you, so it requires manual investigation.

[cAPSLOCK]

Unless someone chooses to ride in on a white horse... this would be a good time to dump your idiotic BSV imho.