Author

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 175. (Read 704506 times)

legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight

It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness



2. Scarcity



Go home, grandpa-you're drunk.
full member
Activity: 520
Merit: 123
Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin

Come back in 18 months.
newbie
Activity: 34
Merit: 0
Bitcoin Cash will soon become useless to anyone with the introduction of lightning network in the network bitcoin
full member
Activity: 520
Merit: 123
Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.



For the first bolded point, this is the flaw, there is no 'assuring' that. Look at the disaster our 'trusted third party' banks have done.

As for the second point in bold, the miners also SUPPORT the network and therefore deserve the fees, this is why it is called 'Proof of Work.'

As for the energy efficiency argument, I've said this many times. Alternative energy is possible and if we were to take Bitcoin Cash as seriously as far a making it a globally adopted currency, billions would be invested into these alternative energy sources if the desire was there. China runs on coal and thats the problem, not Bitcoin Cash. Lets also remember how many bank related services would not be running 24/hours a day. The energy efficiency articles are often overstatements without any real factual backing. Those statistics are often kept quiet. Its important to care about the environment for future generations, but there are alternatives here.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
That is so true for billions and worth supporting ASAP.

Not wait for 18months

https://mobile.twitter.com/imkeshav/status/1002596637556944896
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
Proof of Stake is no better then our central banking system with the top selling of their inflated interest.

The Answer to the above issue is easy, you design a Proof of Stake System with an Ultra Low Inflation/Interest rate.   Wink
By making the rate ultra low , you assure that the system stays fair for all , and that anyone selling any amount of real value is selling from their principle and not interest alone.
This ends the so called Rich only get richer myth in Proof of Stake.

The Energy Efficiency of Proof of Stake verses Proof of Work can not be denied.

*Interesting enough the Miners that are rich that get richer , no one worries about in Proof of Work.*
Due to the financial costs of running warehouses full of ASICS, has Centralized Bitcoin mining to the Already Rich.


No one seems to worried about the environmental damage or costs inflicted on the Old & Poor by Miners increasing electricity rates across a region.


Typical Bitcoin Miner Photo when asked about their insane electricity usage.  Smiley
Just staring at their profits, with no concern for anyone else.

legendary
Activity: 2632
Merit: 2386
$120000 in 2024 Confirmed
BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins
best laugh I've had all day Cheesy.weeeeeee
legendary
Activity: 2632
Merit: 2386
$120000 in 2024 Confirmed
BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon
you keep telling yourself that Cheesy
full member
Activity: 381
Merit: 101
BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.

I think we can easily see the price of 0.3 and maybe 0.4 BTC for 1 coin BCH, it all depends on the weight of our balls, how much we can keep coins
full member
Activity: 520
Merit: 123
BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon

A pump in BCH is much different then any other cryptocurrency market. Given the panic debate of BTC and BCH and that the majority of cryptocurrencies are paired with Bitcoin in trading, the whole cryptocurrency market tends to crash, aside from BCH of course. What BCH needs is more trading pairs with other cryptocurrencies.
full member
Activity: 381
Merit: 101
BCH apparently now passes the stage of accumulation, the manipulator is gaining volumes BCH purchasing it at current price, I think the pump will be very soon
full member
Activity: 520
Merit: 123
Have fun with a Bitcoin show at German Bayern LB

https://vimeo.com/272512178


But -  Bitcoin CAN scale !

It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.

1. Usefulness

Other commodities and precious metals have purpose. In production create job demand and encourages international trade to strengthen the world economy. Bitcoin is mined without human use.

2. Scarcity

Some argue that Bitcoin is scarce given theres 21 million that exist. But among the Bitcoin supply of 21 million Bitcoins there are thousands of Cryptocurrencies, some much better suited for the 'store of value purpose.' These cryptocurrencies can be created essentially out of thin air and cannot be compared to commodites with sentiment. Nothing will stop a powerful nation or group of individuals from creating another cryptocurrency for a store of value or 'digital gold.'

For this reason, the alternative is a peer to peer decentralised cash system built to sustain a global network of transactions for individual and merchant use. This is why Bitcoin Cash exists. This 'digital gold' face of Bitcoin is hardly worth a conference and Proof of Stake is no better then our central banking system with the top selling of their inflated interest.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Have fun with a Bitcoin show at German Bayern LB

https://vimeo.com/272512178


But -  Bitcoin CAN scale !
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Has anyone tried out that wallet & its embedded service ?

https://twitter.com/Bitcoin/status/1003188107691192320


@CashPayWallet
sr. member
Activity: 756
Merit: 278
Every POW coin will fail, one earlier, one later. See all the 51% attacks on BTG and VERGE.

There is only one solution with enough experiance: POS  Grin

POS has its use cases but it's more vulnerable to rich getting richer effect
https://www.yours.org/content/proof-of-work-vs-proof-of-stake-5437b3a591e7

Big coins are safe, and the smaller ones... well, in order to survive they should attract more hash power
https://www.crypto51.app/


Whether you believe PoS is the final energy solution or some other consensus method yet to be created.
The fact is Bitcoin's Energy Waste has to be dealt with and sooner is better than later.  Smiley

https://bitcointalksearch.org/topic/m.38840457
https://bitcointalksearch.org/topic/m.38924570



You are aware of ‘alternative energy’ ?

You are aware of 'Math'?

Bitcoin Alone will use 100% of the amount of electricity the world generated in 2017, as soon as Feb 2020.
That is all of the electricity including electricity from alternative sources.

If you think the world energy output is going to double or triple in the next 2 years, lets just say you are naive.   Tongue

https://www.pri.org/stories/2017-12-20/bitcoins-sky-rocketing-energy-use-viral-story-we-checked-math
Quote
Eric Holthaus wrote for Grist that “by July 2019, the bitcoin network will require more electricity than the entire United States currently uses.
By February 2020, it will use as much electricity as the entire world does today.

https://www.computerworld.com/article/3068599/sustainable-it/renewables-fastest-growing-energy-source-feds-say.html
Quote
Renewables are now the world's fastest-growing energy source and are expected to increase by 2.6% per year through 2040.
Hydropower and wind are the two largest contributors to the increase in world electricity generation from renewable energy sources, the report stated.May 11, 2016

Alternative energy is only growing at 2.6% per year, it can in no way even slow down the insane energy waste of bitcoin.


But Bitcoin can accelerate the development of cheaper energy solutions. It is all about incentives. For example if oil prices go up, you also see investments in renewable energy surge.
renewable energy surge is too slow. Oil will be used and our grandchildren
sr. member
Activity: 826
Merit: 250
Every POW coin will fail, one earlier, one later. See all the 51% attacks on BTG and VERGE.

There is only one solution with enough experiance: POS  Grin

POS has its use cases but it's more vulnerable to rich getting richer effect
https://www.yours.org/content/proof-of-work-vs-proof-of-stake-5437b3a591e7

Big coins are safe, and the smaller ones... well, in order to survive they should attract more hash power
https://www.crypto51.app/


Whether you believe PoS is the final energy solution or some other consensus method yet to be created.
The fact is Bitcoin's Energy Waste has to be dealt with and sooner is better than later.  Smiley

https://bitcointalksearch.org/topic/m.38840457
https://bitcointalksearch.org/topic/m.38924570



You are aware of ‘alternative energy’ ?

You are aware of 'Math'?

Bitcoin Alone will use 100% of the amount of electricity the world generated in 2017, as soon as Feb 2020.
That is all of the electricity including electricity from alternative sources.

If you think the world energy output is going to double or triple in the next 2 years, lets just say you are naive.   Tongue

https://www.pri.org/stories/2017-12-20/bitcoins-sky-rocketing-energy-use-viral-story-we-checked-math
Quote
Eric Holthaus wrote for Grist that “by July 2019, the bitcoin network will require more electricity than the entire United States currently uses.
By February 2020, it will use as much electricity as the entire world does today.

https://www.computerworld.com/article/3068599/sustainable-it/renewables-fastest-growing-energy-source-feds-say.html
Quote
Renewables are now the world's fastest-growing energy source and are expected to increase by 2.6% per year through 2040.
Hydropower and wind are the two largest contributors to the increase in world electricity generation from renewable energy sources, the report stated.May 11, 2016

Alternative energy is only growing at 2.6% per year, it can in no way even slow down the insane energy waste of bitcoin.


But Bitcoin can accelerate the development of cheaper energy solutions. It is all about incentives. For example if oil prices go up, you also see investments in renewable energy surge.
legendary
Activity: 2632
Merit: 2386
$120000 in 2024 Confirmed
pump nao?
Please give me reasons why BitsumCash should rise immediately.
Because that's what happens with scam pump and dump coins
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
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