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Author Topic: If bitcoin is myspace, bitcoin cash is facebook.  (Read 999 times)
alyssa85
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August 28, 2017, 10:51:10 AM
 #21

I've heard varying opinions on this but if this does happen when do you think we may see a 'flippening' occur?

November, when the second hard fork happens? Boy will that destabalise things, because the miners will then have three chains to choose from and the hashing power will be moving wildly from one to another. The chain that is most stable at that time wins.

 
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Mallyx
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August 28, 2017, 02:02:20 PM
 #22

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If bitcoin is myspace, bitcoin cash is facebook

Even Facebook has no downtime.

Neither does Bitcoin. Maybe it has network congestion, full blocks... so what? It's had virtually perpetual uptime since inception. Given that, and all the scaling optimizations Core has made over the years, and that BTC is clearly a victim of its own success (with the supposed capacity issues), I'd say that Bitcoin has performed beautifully.

If Bitcoin = Myspace, we are still far from its decline. Bitcoin's network and economy are still far bigger than any other.

Scaling and capacity issues are being solved by Segwit+LN.
I was meaning that BCH have some kind of "downtimes" due to the mining game with the EDA.
romani245
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August 28, 2017, 10:25:46 PM
 #23

Quote
If bitcoin is myspace, bitcoin cash is facebook

Even Facebook has no downtime.

Neither does Bitcoin. Maybe it has network congestion, full blocks... so what? It's had virtually perpetual uptime since inception. Given that, and all the scaling optimizations Core has made over the years, and that BTC is clearly a victim of its own success (with the supposed capacity issues), I'd say that Bitcoin has performed beautifully.

If Bitcoin = Myspace, we are still far from its decline. Bitcoin's network and economy are still far bigger than any other.

Scaling and capacity issues are being solved by Segwit+LN.
I was meaning that BCH have some kind of "downtimes" due to the mining game with the EDA.

I agree that capacity issues will hopefully be solved by LN, but that is up in the air. We have only seem preliminary testing. Routing is a very complex issue, but I am hopeful.

Since there is so little transaction activity on BCH's network, the low hash rate periods are not really "downtime." It's like other altcoins, which appear to solve scalability issues simply because nobody uses them.
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August 28, 2017, 11:06:42 PM
 #24

too much disagreeing with each other and not enough love for crypto in general in this room.

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