Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 249. (Read 704531 times)

Well, someone who runs a fully-validating non-mining wallet (usually mis-referred to as a 'full node', despite the fact that Satoshi's nodes were capable of mining) is able to conduct transactions in a fully trustless manner. This could be considered a benefit to that party. But the notion that this somehow conveys some benefit to the system as a whole is nothing but a myth.

If bitconnect is still around and being traded then yes BCH probably will be around for many years but I wouldn't trust the people pushing it these are the same people that abandoned something without even a moment's doubt and will do the exact same again if they feel they can no longer control BCH

Imagine there is this girl she's smoking hot you think she's the best thing that will ever happen to you but she left all her previous relationships because someone better came along would you trust here to be faithful and think you are the exeption ?

The people pushing BCH are that girl they give you lots of false promises it looks superior you are currently believing you are the one that's until something better comes along then BCH is just another ex

Bcash, looks like the backers have lots of money, 20billion market cap

BCH: Slowly evolving and growing because its real digital cash
you better follow the news, not your feelings.
you  know better or john mcafee (who is BCH supporter)?
you  know better or craig steven wright (who is BCH supporter)?

BTC : real fork
BCH : real cash

Because it's slowly dying and needs another emergency cash injection

Every coin on the market has normal ups and downs there is only BCH that takes huge jumps for no reason whatsoever followed by weeks of slow decline it's obvious it manipulated

BCH fangirls can't see it though they are just shortsighted and unable to think long term and just spout crap out such as this and that happened so bullish when in reality the value just takes another dump

BCH was just born because the miners are unable to control the network with the ones pushing BCH being the same ones that tried to use their power to block Bitcoin scaling through segwit but the users over powered them and made them realise that they are just work horses

Now they follow the narrative that segwit removes the chain if signatures which is incorrect all it does is move the signatures to a different place in the block but the signatures are all there still there

Why does it need to pump Bcash?

It costs you so little because no one is using anywhere near its full potential and is most likely on a tiny VPS

With GB Blocks you are looking at a maximum capacity > 4TB of storage a month for a full node and no normal mechanical HDDs are not enough you will probably need NVMe drives but standard SSD's will also cope due to latency good luck getting hold of 4TB of NVMe storage for $50/m these will need to be in a RAID array and paid upfront

There are a lot of technical difficulties that will put this kind of setup out of the hands of almost anyone

My server cost's me $50USD a month and is running full nodes for quite a few forked coins with txindexing

It has 32GB RAM and 3TB HDDs in a RAID1 array and new fork coins are taking longer and longer to sync the full chains
Ive been hosting and running dedicated servers for the last 20 years granted in the early days it was just simple illegally File sharing music over FTP before p2p made it easy then I moved to a private torrent site that I spent 100s of hours modifying the code to suit my needs and eventually gave away to a new admin because I had enough that he then run it into the ground because he didn't have the experience to combat attacks and closed it.

Now its mostly just basic web services I run because I don't have the time to deal with all the coding and just run some opensource projects some as it and some slightly modified
Last week I started collecting ALL mempool dumps every minute that are being automatically uploaded once a day to my google gsuite  account where I have unlimited storage



 

The lightning network has been hyped as the solution to all of bitcoin’s problems ranging from slow speeds, high transaction costs, and the old issue of scalability. On its part, Bitcoin cash [BCH] has been taunted by some pundits as the true bitcoin, the real vision of Satoshi Nakamoto. So which of them is better for someone looking to make a transaction? 
https://cryptorecorder.com/2018/03/10/the-lightning-network-may-improve-bitcoin-but-bitcoin-cash-bch-is-still-king/

Roger really needs to pump Bcash.

his shitcoin is dying slowly

One reasen for this we can see also in our 'democratic' governments. We feel very save and allow / build / enrich these governments with more and more power in good times, not thinking about bad times or bad people getting into control ( like Trump now sitting in front of the biggest Atombomb button).

So exactly this happend to core. The design of the government in BTC was and is not really decentralized as it should be, at least if it comes to critical base protocol decisions. The noise of a very few dev people 'in control' and with biggest fiat stakes behind and the combi of censorship decided this for their own interests.

Now with the two bigger forks (1MB+SW  and 8M-SW) we gained kinda decentralized gov and markets can decide what way to go.

This is all in experimental phase. Industrial Scaling has not really happened in all Bitcoin sections, but mining section was quickest here.

Absolutely correct, and the help is too few to even be noticed. Only big players with some decent skin in the game will run full nodes, also because they will do proper risk management.

If some idiots try to derail average Joe to spend their little money to hardware companies, they are against Bitcoin and only troll up.

Next to miners also some bigger corps like exchanges and stores might want to ensure their client's TX are really broadcasted and are getting mined for their interest. Average Joes are happy and will profit from all that without any hardware costs (these are shared since mearchants will include these in their consumer pricing).

Developers have never been interested in the community rather quick earnings, when we see who is behind the cash (owners of the asics), then immediately understand who it is profitable to sell their products and continue to keep the network under their control. We did not play games like that and we will not play.

From thread start BTC proponents in denial on on-chain scaling yet BCH is going to 32MB blocks. Total censorship on r/bitcoin subreddit. Now they are attacking BitPay for simple doing business with BCH.

Even if you are not fan of BCH you should understand how BTC community attacking those who disagrees with them and why BCH forked away.

10 years ago I wouldn't believe if someone told me that we'd have home PCs with TerraByte HDDs and 1Gbit/s Internet connectivity (well, last mile) but now here we are.

Edit. Even though I joined not so long ago I feel sad when I read how original BTC developers/community were pushed away.

LOL tek you crack me up. I run a full node for FOUR DOLLARS A MONTH you doofus.  A GB block server is $20k upfront right now and $50/month to host in a good datacenter, in 2 years it'll be  $4k cost for the hardware and hosting will be the same cost.

so if true I assume if btc $1000  then bch likely to be around $90 or less

Yea that was bad a highly pro bitcoin cash Twitter account that goes around blocking and reporting any Bitcoin user that speaks against there narrative so the odds were highly in their side gets destroyed

how low can this rotten shitcoin go 



http://bitcoinist.com/bitcoin-cash-propaganda-poll-backfires/

Cryptopocalypse is coming.......

old btc under $3k and possibly even under $1k....

Yes and no

It does not help secure the network from a PoW sense

By not running your own node you are just trusting whoever is running the node you are connected to via your wallet

Not everyone needs to run their own but there should be enough that a few players cannot change the rules

You will see numbers thrown about that with gigabyte blocks a node will cost roughly $20000 a month to run this is out of the budget for most businesses so you will only get large corporations and the miners running them

While this is generally ok you are putting complete trust into a few all the BCH mining pools are "friends" so if they decide for instance that the low fees are not enough to sustain a profitable business they can just increase the coin supply as no one else can afford to run nodes you just get forced to accept any changes or move to something else.

Call it FUD, propaganda whatever you want but these are huge risks and ones Bitcoin was designed to combat.

Just look at the Genesis block that says it all Bitcoin was born because the banks cannot be trusted and run the current financial system by their rules and allowing just miners to run full nodes gives them the exact same control that the current banking system has abused

I'm sorry but I do not trust a for-profit company to remain honest if nodes get so expensive to run that only the for-profit miners are the only ones that can afford to run them.

By keeping smaller blocks and scaling off chain more users can afford and are incentified to run local nodes which means the miners have no choice but to follow the rules set by the majority as defecting from these rules would create invalid blocks that the rest of the network would reject.

Bitcoin Cash is about retaining power over the network and is a direct response to UASF where it was proven that the users control the network and miners are powerless over the majority