The consensus dead end.

[Metal Brain]

All I am asking for is your sources of information. If you cannot provide any why should I believe you? Would you take my word for it if I made assertions?

Black hat said at least $5 transaction fee for $100. If there is an exception he omitted he should own up to it and provide that source of information instead of pretending he gave me a different figure.

[1713507592]

1713507592

[1713507592]

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[philipma1957]

Bitcoin Cash overtook Litecoin in market cap for 10th place.
As it moves up to 9th and then 8th maybe the people here engaging in "group think" will see I am right.
Hypothetical vulnerabilities are far from convincing. That is true of all cryptocurrencies.

I'll let Bitcoin Cash's performance speak for itself. While most people on here will let themselves be fooled by their confirmation bias support group the smart people will buy Bitcoin Cash before it moves up to the top 5 in market cap and eventually #2

Are you all waiting for it to be too late? Every transaction leads to an increase in market cap. Low transaction fees lead to more transactions. Hello! Ignore flawless logic at your own risk of losing out on a great deal.

Bitcoin Cash is NOT centralized. It is merely less decentralized than Bitcoin. The lying and the condoning of that lie says a lot about the lack of honesty from Bitcoin loyalists on here. You can resume your groupthink or you can buy Bitcoin Cash and get a great price. You all like money, right?

So you a newbie want to argue the case for BCH as a superior coin to BTC.

What happens if a larger BTC miner wants to attack BCH today.  How would BCH defend itself.

BCH has 2.48 eh

BTC has 161.23 eh

bitmain has enough firepower to 51% BCH right here right now.

no known entity has enough firepower to do that to BTC right here right now.

BTW I am pro pow and don't care very much as to what pow coins win.

Anyone that fears  bch winning can simply buy 1 bch or 5 bch from their btc holdings.

Why not hold

10000 Doge
      10 LTC
        1 Eth
         3 BCH

and 1 BTC.

or whatever ratio you want.

I can argue against

the ETH ------ Mr V dies  this make a war for Eth control
the BCH ------ Bitmain attacks it and double spends it to death.

With that above easy to happen

DOGE/LTC
BTC

are not that subject to 51% attacks as of today.
and none of them care about a death of any individual.

So why not hold some
 DOGE
 LTC
 BTC

Especially if you mine it.

[Metal Brain]

When there is no coin to mine from bitcoin you will have the same problem. All incentive will be transaction fees.
What then?

[BlackHatCoiner]

Black hat said at least $5 transaction fee for $100.

Would you mind quoting me, to see where exactly did I say that?

If there is an exception he omitted he should own up to it and provide that source of information instead of pretending he gave me a different figure.

Everyone can pay 1 satoshi for an off-chain transaction, as long as they'll pay two on-chain transactions for opening and closing a channel. This means that unlimited transactions between two parties can be made, by only broadcasting two transcations.

And it gets better! Lightning nodes can connect with each other forming a network of users that transact off-chainly. Not strictly to two parties!

[Metal Brain]

There must be a downside or everybody would use the lightning network.

What is the catch?

[BlackHatCoiner]

There must be a downside or everybody would use the lightning network.

It adds an extra level of complication for the average user (IMO) and it is accepted by dramatically few stores. These are the only disadvantages I observe with LN. It's under development, but it's being implemented.

Here's some nice links to watch:

• Basics of the Lightning Network
• The Lightning Network FAQ
• Electrum Lightning Network walkthrough _{(if you're using electrum)}

I'd please you, now, to stop double posting and derailing this thread with posts related to forks of Bitcoin. The main topic of this thread is the consensus' future, or as I call it, the dead end. We've already gone way too off-topic. You're free to create a thread explaining why Bitcoin Cash is a better option than Bitcoin.

[Metal Brain]

I created a thread about transaction fees and bitcoin cash and to my surprise and disappointment it was censored. That angered me very much and that is what led to me posting on here about it instead. It was a last resort. Blame the jerks who complained about my thread and got it deleted. It didn't have to come to this.

Thank you for the information. That might give me the info I was seeking. BTW, remind others on here from time to time that censoring threads without just cause is not a solution. It spilled over to your thread and it was completely avoidable.

I wish you all well.

[pooya87]

I created a thread about transaction fees and bitcoin cash and to my surprise and disappointment it was censored.

I have not seen you talk about bitcoin transaction fees even once. You only mention the word "transaction fees" then talk about the shitcoin known as bitcoin cash. Obviously when you talk about altcoins your topic belongs to altcoin board and will be moved which doesn't seem to have happened to you so I don't know what "censor" you are talking about: https://bitcointalk.org/index.php?topic=5332700.0

[Metal Brain]

I created a thread called "high transaction fees" and it was deleted, disappeared, censored or what ever you prefer to call it. I mentioned that earlier in this thread as well. Go back and look.

I don't appreciate a cad like you implying I am lying. I am telling the truth, so go stuff it! JERK!