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

[vapourminer]

We all wondered what would happen with 'competing implementations' and this is doing an admirable job of informing us. It continues squabbling and splintering until it's an absolute laughable irrelevance.

Cheers, guys.

is this, like, paycoin 2.0 ? only slimier?

[1714677703]

1714677703

[1714677703]

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[matt4054]

So basically Amaury just killed the golden goose and is now busy searching for the remaining golden eggs inside those measly 7 blocks since the fork.

[Majormax]

All Bitcoin forks are counterfeit derivatives of original bitcoin (BTC).

Including, Bitcoin Cash, BCH, BCHN, BCHA, ABC, BSV etc.

A second version would be a massive development and maintenance hassle for me.  It's hard enough maintaining backward compatibility while upgrading the network without a second version locking things in.  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 and I'd rather not go into it, and I don't have to as long as there's only one version.

I know, most developers don't like their software forked, but I have real technical reasons in this case.

...snip...

Bitcoin is BTC at https://bitcoin.org

That is a significant quote you found.

It underlines the nature and concept of the digital currency projects.  It also indirectly indicates the importance of BCH, giving a democratic choice, like a free vote, and political opposition.

There is always some probability that any project (even BTC) will fail , but of course, the larger the community, the less likely that is.

Even governments could well see some potential usefulness (to them) of independent digital currencies, and there is no telling which one they may choose to back (for whatever reason), giving a range of possible negative or positive consequences.

[Majormax]

All Bitcoin forks are counterfeit derivatives of original bitcoin (BTC).

Including, Bitcoin Cash, BCH, BCHN, BCHA, ABC, BSV etc.

A second version would be a massive development and maintenance hassle for me.  It's hard enough maintaining backward compatibility while upgrading the network without a second version locking things in.  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 and I'd rather not go into it, and I don't have to as long as there's only one version.

I know, most developers don't like their software forked, but I have real technical reasons in this case.

...snip...

Bitcoin is BTC at https://bitcoin.org

I can see why you felt the importance of pointing this out.

Now that these forks/counterfeits/competing versions are out there, isn't the 'ugly' scenario Satoshi referred to,  virtually inevitable in the long-run ?

The problem (probably unforseen) has always been that a fork effectively creates a large number of holders with a significant stake in supporting both chains, in the same way that airdrops kick start projects. I'm not sure how that can be democratically mitigated.

[trackmaster]

Fork went as expected. No shock or surprises.

News update unrelated to fork: https://www.bitcoininsider.org/article/97839/bitcoincom-announces-partnership-luxury-watchmaker-franck-muller

[BitcoinFX]

...snip...

I can see why you felt the importance of pointing this out.

Now that these forks/counterfeits/competing versions are out there, isn't the 'ugly' scenario Satoshi referred to,  virtually inevitable in the long-run ?

The problem (probably unforseen) has always been that a fork effectively creates a large number of holders with a significant stake in supporting both chains, in the same way that airdrops kick start projects. I'm not sure how that can be democratically mitigated.

It is inevitable in the long-run and cannot be democratically mitigated. That is exactly what satoshi meant with the last two sentences in that quote.

Again, this is why all Bitcoin forks are counterfeit derivatives of original bitcoin (BTC).

- https://en.wikipedia.org/wiki/Derivative_(finance)

Excerpt quote; "In finance, a derivative is a contract that derives its value from the performance of an underlying entity ..."

One cannot simply split from the underlying asset and expect the value to gain above the underlying and majority consensus.

The 'fallout' in this regard will always be worse for the split chain. Hence, 'ugly'.

[flyx]

 My bch stuck at paper ,  how can i sweep it when network has two chain also unstable and may i lose it

[gembitz]

...snip...

I can see why you felt the importance of pointing this out.

Now that these forks/counterfeits/competing versions are out there, isn't the 'ugly' scenario Satoshi referred to,  virtually inevitable in the long-run ?

The problem (probably unforseen) has always been that a fork effectively creates a large number of holders with a significant stake in supporting both chains, in the same way that airdrops kick start projects. I'm not sure how that can be democratically mitigated.

It is inevitable in the long-run and cannot be democratically mitigated. That is exactly what satoshi meant with the last two sentences in that quote.

Again, this is why all Bitcoin forks are counterfeit derivatives of original bitcoin (BTC).

- https://en.wikipedia.org/wiki/Derivative_(finance)

Excerpt quote; "In finance, a derivative is a contract that derives its value from the performance of an underlying entity ..."

One cannot simply split from the underlying asset and expect the value to gain above the underlying and majority consensus.

The 'fallout' in this regard will always be worse for the split chain. Hence, 'ugly'.

/\BTI is the only original fork with real use case ~ all these billionare scumbags riding coattails on our success make me laugh! :-D *good to see you bud!*

[flyx]

How much is maximum supply of bcha?

[nutildah]

How much is maximum supply of bcha?

AFAIK, its the exact same as it is for Bitcoin, which is very slightly less than 21 million. I've been watching BCHA and can't help but wonder if its going to grow into its own thing at some point. Who knows what the fair price for it is as there's barely any exchange or merchant support.

[Sr.Urbanist]

Bitcoin Cash was cool for a minute. But it became less cool when they kept hard-forking. Anybody else feel this way?   

[hv_]

Bitcoin Cash was cool for a minute. But it became less cool when they kept hard-forking. Anybody else feel this way?   

Right, it took a while once the hard core of the protocol was destilled again, that was actually the White Paper

Thx to Satoshi

[Globb0]

Every fork is just another dilution attack.

No x is the real bitcoin no y is. Even the argument can be used to validate the shitcoins

I just hope we don't end up so flooded with cheap imitation watches that the real Rolex loses its value too!


Don't kill the goose

[sdg777]

https://beincrypto.com/swiss-financial-institutions-bet-on-eth2-bch-and-usdc/


BCH will go up, this is a good coin

have time to buy at a low price

[vapourminer]

ok serious question here. can someone give a good tl;dr on this split. gotta admit i dont follow this at all. but i do have an amount of bch (from the original btc/bch fork) thats been on my trezor for ages.

trezor might do some wizardry to figure it out but i just wanna know any gotchas right now. like replays or whatever, as i may send it to an exchange.

any info appreciated.

[BCH.games]

We've just published a new multiplayer game on BCH.games!

After weeks of hard work, we finally pushed our multiplayer crash game live!

• Watch the multiplier increase up to x 1,000,000!
• Cash out any time to get your stake multiplied.
• Watch out! The curve can crash at any time!

Click this link to try it now:
https://bch.games/game/crash

[hv_]

Shitcoin forking / listing doesn t pay out

https://twitter.com/brian_armstrong/status/1331746101704024065

[trackmaster]

Updated fork info. - Still pulling the blocks/numbers together for accuracy.

Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable

https://www.bitcoininsider.org/article/98582/hash-war-mystery-miners-empty-block-attack-makes-abcs-new-blockchain-almost-unusable

[hv_]

Updated fork info. - Still pulling the blocks/numbers together for accuracy.

Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable

https://www.bitcoininsider.org/article/98582/hash-war-mystery-miners-empty-block-attack-makes-abcs-new-blockchain-almost-unusable

Checkpoints doesnt help - lol.

There is no hashwar to win

Nah, get over. Bitcoin was defined by Satoshi- and KISS scales better than hobby coded crapcoin

[zahidmoon]

Every fork is just another dilution attack.

No x is the real bitcoin no y is. Even the argument can be used to validate the shitcoins

I just hope we don't end up so flooded with cheap imitation watches that the real Rolex loses its value too!


Don't kill the goose

every time fork happens a useless coin generated and people just buy that without research on it and sell their real bitcoins. i also done this but always got loss of my money bitcoin cash have now a very good value in the market and bitcoin cash team now publish multiplayer game on BCH.games. gaming industry is in billions of dollars. but they need to work hard on that