Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 101. (Read 704812 times)

I just was going to post this. I log into Poloniex and at first I assumed it was Bitfinex since they are the ones who normally do these splitting and combining of pre/post fork coins. I wonder if other exchanges like Bitfinex or Bitmex even will have something similiar, basically what happened in 2017 where we had the Bitcoin Unlimited and the Bitcoin Core split coins.

By the way, traditional BCH, I think they are referring to Bitcoin ABC. So if you think SV will fail you can split your 1 BCH into 1 ABC + 1 SV and just sell your SV right away and after Nov 15, you can withdraw your 1 BCH. I am pretty sure this is the way this will go.

https://www.coindesk.com/crypto-exchange-poloniex-announces-pre-fork-trading-for-bitcoin-cash-split/
Pre-fork trading is available immediately for the following pairs: BCHSV/USDC, BCHABC/USDC, BCHSV/BTC, and BCHABC/BTC. We are also opening up a BCH/USDC market. Customers can convert Bitcoin Cash into equivalent amounts of BCHABC and BCHSV, and also convert SV and ABC back into BCH if they’d like to withdraw funds. Customers can trade immediately, but won’t be able to withdraw BCHABC and BCHSV ahead of the hard fork.

Thanks polo, interesting development..

BCH value will start being split between 3 different versions,,
I will  be avoiding both abc and sv versions on your exchange and stick to
traditional BCH the real Bitcoin

https://www.tradingview.com/chart/BCHUSD/XdWt8xMA-Bitcoin-Cash-Its-Time-To-Forkin-Grow-Up/


The Fork

The fork has provided your typical pump and dump scenario. Yet this fork may set a precedence moving forward. It was all fun and games last year, like getting a spin-off from ConocoPhillips 0.76% , but moving forward these will be faced with more scrutiny and could even harm the blockchain. Why do you ask? Well if the final purpose of crypto currencies is to replace fiat, than stability is going to be demanded by the market.

Merchants and users want continuity and consistency, not drama and insecurity. Mining pools provide security and a group of miners splitting off is simply not good for any coin. This goes right to the heart of de-centralization. Yes these are open source so anyone can copy the code and essentially fork their chain, but this is not Bitcoin -0.65% Diamond or Bitcoin -0.65% gold -0.11% , this is a divorce which is not going to go down lightly. Those encouraging these types of breakups are the problem not the solution.

I mean first you risk losing money when doing a transaction during the hard fork. Second your not sure which chain is going to be the true BCH'. Not something merchants are going to be wild about. Imagine Visa' deciding to do a split, and merchants had to stop processing payment, and ended up with two processors, not sure which one is linked to their bank, or reconfigure processing wallets to take one or both. Too much BS' in my opinion.

In my opinion BCH' just went down a notch. You do not see this type of crap with Dash' or Monero'. Even Litecoin's Charlie Lee came out against Litecoin' Cash. This is the challenge with POW' coins, little skin in the game. I will just take my mining equipment and go over here. This is making a case for Dash and other POS' type coins where miners have skin in the game. Being vested 1000 coins makes it less likely you will just turn and burn, providing incentive to keep the core together. I mean what is next Bitcoin' Cash Flash, and than Bitcoin' Mash?

If cryptos is to become mainstream, they have to act like mainstream payment processors. If I was Team Dash' this would be my marketing to merchants. "Don't know if which one is Cash? Well then maybe you need Dash'!"

In simple words it is time to grow up!



This was spot-on from goldbug1.


Craig is a fucking cancer to the space along with the other std riddled muppet Calvin Ayre.

 

You ve seen?

https://medium.com/@thebchboys/an-introduction-to-keyport-tv-2991f8fedc01

https://www.youtube.com/watch?v=JYKC_k8YcIY

that's one of the stupidest things I've heard this month, and I've been hearing an awful lot of stupid things.

I heard from several sources that nchain/coingeek will be using their new samsung partnership to manufacture asics that will be designed to mine all POW algorithms, and from there they will begin attacking all altcoin networks that operate on POW to assimilate the value of those coins into bch. Is this true? Can someone elaborate?

thought bitcoincash forks from original bitcoin core, increase its blocksize, which means that people cannot fork from bcash?

Again, folk on this thread have 'tried' to explain this to me before. But I'm still befuddled....so just checking...

IF you have a BTC paper wallet from 2015 with your BTC and of course 1st fork of BCH coin on that wallet from the first BCH fork.

AND you never have touched it. It still has its 'virgin' BTC and 'virgin' BCH sitting their patiently trolling you to blow it on girls and travel

Do you have to move your BCH to an individual wallet BCH for this next BCH fork off of above original BTC 2015 paper wallet address chain to work?

Or will it act like all other forks of above with riginal BTC wallet with BCH on it....and you don't have to do zip...moving the BCH off of the legacy address?

Thus, does my original BTC and BCH wallet address from 2015 above act like the original 1st BCH wallet as well and no move is needed?

Hopefully, this clears up what I'm asking. I assume I can leave all this alone and this next BCH fork will be included in the 'varied attachments of many dubious

forked BTC coins' on this BTC paper wallet from 2015

I'd think this is the case for all those BTC wallets that have yet to move off BCH off them yet from the very first BCH fork. Thus this next BCH fork

will act the same, without any action on my part. Or my 'paranoia' is justified and this next BCH forked coin off of BCH can only fork off a 'pure' BCH address..thus I'd better move off the BCH.

Probably more than 50% of folk never moving their original BCH off their original BTC...that would be a lot less of this BCH forked coin in the world if the fork is off of a generated BCH wallet address only!

Hopefully, what I'm asking makes sense...but use small words and pictures....for clarity...I seem to be getting 'dimmer' with age, dont' ya know. ...not that I'm paranoid..it is just that I'm very, very, paranoid.

(could be worse, I could work for NASA and screw up the technical communications as I did with previous posts on this thread to me on this and everyone dies.eaaaak!..best to grovel and just ask again

thank you for your patience on this

I will labor to be less of an 'idiot' in the future

brad

This is very common action what happen when this event comes near some people make profit and rest of the community start crying after filling their bags with huge amount of coins.

Forks tend to cause price action in the past.
Get your free money.

bch is the stuff which dreams are made of

actually you are perfectly correct to be concerned IMO.  As I understand the fyookball guy is not able to be proven as a real person nor can he create a legit business to take electron cash to the next level of legitimacy..  to me those are worth mention here.

handcash made statement today they are ready for the fork and are SV node based. 

None of the forks halts the network. Most exchanges seem to be halting the trading of BCH on that exchange while the churn of the fork happens. But exchanges don't engage in on-chain transactions (other than funds in or out), they engage in database record manipulations.

If you want to engage in on-chain transactions, there is no system enforced halt. Though you may want to ensure you know the consequences of spending to/from a minority/majority chain.

What ever do you mean?

Your private keys, your coins. Not your private keys, not your coins. Same as it ever was.

There is water at the bottom of the ocean.
 - D Byrne

None of the factions are capitulating, so it appears the fork is still the most likely outcome.


2018 November 15.


Well, that is the way forks work. Though depending upon how many possible forks maintain a future life, it may be 1:1, 1:1:1, 1:1:1:1, or even some greater number of forks, depending upon who uses Bitcoin Unlimited, and how each user configures that client.

I guess it depends upon what you mean by 'claim'. Most of mine are on a HW wallet, though not Trezor. i can access the private keys from my HW wallet. Does Trezor allow this? (I would be astonished if not). Then you can always spend your UTXO to each/both/all fork. Though some manual manipulation may be required. Maybe import into a fork-aware wallet. But you'll be able to do so. Even years hence, should you not want to do anything just yet.

I don't know the name Mark Blundeberg. Is he a major Electron Cash submitter? I only ask, as a forked wallet would be an excellent way to steal the coins of unsuspecting users.

Note I am not trying to malign monsieur Blundeberg. I just don't know. And this is crypto. Stay wary, my friends.

Edit: Jonald seems to have some modicum of confidence in Mr Lundeberg. From https://electroncash.org/nov2018.html :


Though note the fact that the changes have not been thoroughly reviewed.

I seem to remember that a malfeasant fork of Electrum was the way many got scammed out of their Bitcoin Gold.

I can't speak to Electron Cash's implementation. (At least not yet) I think Jonald is not on the side of the SV fork.

Though your hypothetical does not seem logical to me. If the SV branch does not include old addresses, it necessarily turns its back on the 'original Bitcoin' theme.

SV does not include replay protection (why would they - that would also be turning its back on 'original bitcoin'), so there is the burden on the hodler to manage the split intelligently.

this is a remarkable achievement, when BTC prices are difficult to increase, BCH has been able to improve well in the past few days.
I hope this will continue so that BCH can touch ATH again by 2019.