[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 180.

OWZ1337

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BITCOIN===>THE DISRUPTIVE CYBERCURRENCY

Quote from: jbreher on May 23, 2018, 11:35:01 AM

Quote from: bones261 on May 22, 2018, 09:41:12 PM

BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed.

Close, but not quite. The current implementation of LN requires a malleability fix (which it has accomplished by means of segwit). However, other second-layer, payment channel implementations have been designed and scenarioed which do not require such a malleability fix.

Quote

(segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability.

BCH has for some time been discussing whether or not to adopt a malleability fix. And if so, whether segwit or some other mechanism (several have been scenarioed) would be the proper mechanism to adopt.

Quote

However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions.

Agreed. While it is a longer-term issue, there are much more pressing things upon which to focus.

https://youtu.be/rfOlE-mmYBo?t=111

^Craig Wright kicked out of China !! Shocked

*must see*

jbreher

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lose: unfind ... loose: untight

Quote from: bones261 on May 22, 2018, 09:41:12 PM

BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed.

Close, but not quite. The current implementation of LN requires a malleability fix (which it has accomplished by means of segwit). However, other second-layer, payment channel implementations have been designed and scenarioed which do not require such a malleability fix.

Quote

(segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability.

BCH has for some time been discussing whether or not to adopt a malleability fix. And if so, whether segwit or some other mechanism (several have been scenarioed) would be the proper mechanism to adopt.

Quote

However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions.

Agreed. While it is a longer-term issue, there are much more pressing things upon which to focus.

Zin-Zang

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Killing Lightning Network with a 51% Ignore attack

Quote from: European Central Bank on May 23, 2018, 05:14:32 AM

Quote from: Zin-Zang on May 23, 2018, 05:07:39 AM

No, I merely pointed out LN is not the only game in town.

you're comparing lightning networks to paypal. if lightning networks had the barest resemblance to paypal they wouldn't be worth discussing here and would not have been developed in the first place. i truly can't believe anyone who's been here a while would make this comparison.

lightning networks do have the potential for centralisation just as bitcoin or bcash does, but it's not baked in and people can work to make sure it's not a certainty.

Paypal process transactions thru their internal system.

LN process transactions thru their internal system.

Paypal requires a deposit of funds.

LN requires a Time Locking of Funds to act as a deposit.

Either way you have to withdrawal or wait for the time lock to end to get your funds.

Paypal can confiscate your funds.
LN Watch Towers can confiscate your funds, if an old transaction is broadcast.

So really no difference, both 3rd party processors, you have the illusion that LN can't take your funds , but in certain circumstances it can.
Research it, if you need proof.

Good Morrow.

European Central Bank

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Quote from: Zin-Zang on May 23, 2018, 05:07:39 AM

No, I merely pointed out LN is not the only game in town.

you're comparing lightning networks to paypal. if lightning networks had the barest resemblance to paypal they wouldn't be worth discussing here and would not have been developed in the first place. i truly can't believe anyone who's been here a while would make this comparison.

lightning networks do have the potential for centralisation just as bitcoin or bcash does, but it's not baked in and people can work to make sure it's not a certainty.

Zin-Zang

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Killing Lightning Network with a 51% Ignore attack

Quote from: European Central Bank on May 23, 2018, 05:03:50 AM

Quote from: Zin-Zang on May 23, 2018, 04:59:46 AM

Offchain scaling requires nothing more than a 3rd party that processes transactions in their own internal system that does not use a coin's blockchain,

wow. you've come up with a brand new system there that's gonna change the world. i know for a fact that the human race has been waiting for a centralised payment system controlled by a third party.

let me suggest a name. something friendly and something that implies money...

paypal?

yeah. that's a great name. good luck.

No, I merely pointed out LN is not the only game in town.
And yes, if paypal accepted crypto their internal transaction capacity would be offchain.

LN has no monopoly on offchain scaling, many are misled in these forums into believing it is, and that I would like to see corrected.

*Banks are a centralized 3rd party payment system, so humans have been and are using them.*
*Imagine that. * Wink

European Central Bank

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Quote from: Zin-Zang on May 23, 2018, 04:59:46 AM

Offchain scaling requires nothing more than a 3rd party that processes transactions in their own internal system that does not use a coin's blockchain,

wow. you've come up with a brand new system there that's gonna change the world. i know for a fact that the human race has been waiting for a centralised payment system controlled by a third party.

let me suggest a name. something friendly and something that implies money...

paypal?

yeah. that's a great name. good luck.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Offchain scaling requires nothing more than a 3rd party that processes transactions in their own internal system that does not use a coin's blockchain,
except when depositing or withdrawing into the 3rd party system.

Exchanges such as Cryptopia & Trade Satoshi already allow offchain transactions, which you just enter the username and the amount and send.
It works right now and has none of the limitations or complexities of LN.

Plus it works on any coin whether it be bitcoin core or bitcoin cash or litecoin.

The fallacy being promoted is that LN is the only way to process offchain transactions, nothing is further from the truth, any 3rd party can do it.

hv_

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Clean Code and Scale

Quote from: bones261 on May 22, 2018, 09:41:12 PM

Quote from: Big Naturals on May 22, 2018, 08:55:36 PM

Quote from: bones261 on May 22, 2018, 07:47:44 PM

Quote from: Satosho Kakamolto on May 22, 2018, 01:05:48 PM

I didn't really understand what the new hard fork will change in Bitcoin Cash.

Enabled OPCODES. This should make programming smart contracts possible.
Block size limit is now 32MB instead of 8 MB.

Those two changes alone make bch flippening much more likely, and probably sooner than many realise.

Is there any project currently working on Bitcoin cash second layer scaling options similar to LN ?

Also, is there a viable Bitcoin cash version of counterparty?

IF/WHEN the flippening happens can bch accommodate these other technologies like LN without further updates like segwit?

BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed. (segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability. However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions.

Pls check what devs from yours.org have done here. They did not need any fixings of malleability (its not a bug...) or SW at all for a lightening like payment channel network on top of btc.

We need 'zero' fees, scarcity (do not allow more other coins to dilute cryptos), smooth apps and KISS for worldwide adoption and winning the competition with new fintechs like Revolut and co.

bones261

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Quote from: Big Naturals on May 22, 2018, 08:55:36 PM

Quote from: bones261 on May 22, 2018, 07:47:44 PM

Quote from: Satosho Kakamolto on May 22, 2018, 01:05:48 PM

I didn't really understand what the new hard fork will change in Bitcoin Cash.

Enabled OPCODES. This should make programming smart contracts possible.
Block size limit is now 32MB instead of 8 MB.

Those two changes alone make bch flippening much more likely, and probably sooner than many realise.

Is there any project currently working on Bitcoin cash second layer scaling options similar to LN ?

Also, is there a viable Bitcoin cash version of counterparty?

IF/WHEN the flippening happens can bch accommodate these other technologies like LN without further updates like segwit?

BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed. (segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability. However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions. Being able to implement atomic swaps would be nice. However, Craight Wright seems to think that BCH will eventually replace all other crytopcurrencies. Everything else will only have very limited use cases, according to his vision.

Big Naturals

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Quote from: bones261 on May 22, 2018, 07:47:44 PM

Quote from: Satosho Kakamolto on May 22, 2018, 01:05:48 PM

I didn't really understand what the new hard fork will change in Bitcoin Cash.

Enabled OPCODES. This should make programming smart contracts possible.
Block size limit is now 32MB instead of 8 MB.

Those two changes alone make bch flippening much more likely, and probably sooner than many realise.

Is there any project currently working on Bitcoin cash second layer scaling options similar to LN ?

Also, is there a viable Bitcoin cash version of counterparty?

IF/WHEN the flippening happens can bch accommodate these other technologies like LN without further updates like segwit?

bones261

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Quote from: Satosho Kakamolto on May 22, 2018, 01:05:48 PM

I didn't really understand what the new hard fork will change in Bitcoin Cash.

Enabled OPCODES. This should make programming smart contracts possible.
Block size limit is now 32MB instead of 8 MB.

Satosho Kakamolto

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I didn't really understand what the new hard fork will change in Bitcoin Cash.

bitcoinPsycho

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$120000 in 2024 Confirmed

Quote from: tomkat on May 22, 2018, 11:17:44 AM

Quote from: addicto on May 22, 2018, 08:14:02 AM

I have special offer for bitcoin community send me only 1 BTC and in return you will get 2 BCH on this Bitcoin Pizza day. If you have strong believe in future of BCH than giveaway your BTC to other people and start collecting BCH on this previous day.

What's so special in your offer? Anyone with strong believe can buy 7 BCH for 1 BTC now

I've got a better offer ... I will swap you 1/1 bch for BTC

jojo69

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diamond-handed zealot

when pump?

tomkat

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Quote from: addicto on May 22, 2018, 08:14:02 AM

I have special offer for bitcoin community send me only 1 BTC and in return you will get 2 BCH on this Bitcoin Pizza day. If you have strong believe in future of BCH than giveaway your BTC to other people and start collecting BCH on this previous day.

What's so special in your offer? Anyone with strong believe can buy 7 BCH for 1 BTC now

addicto

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I have special offer for bitcoin community send me only 1 BTC and in return you will get 2 BCH on this Bitcoin Pizza day. If you have strong believe in future of BCH than giveaway your BTC to other people and start collecting BCH on this previous day.

neutraLTC

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