[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 258.

tekmobile

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Quote from: lsd400 on February 24, 2018, 09:26:07 AM

Quote from: tekmobile on February 12, 2018, 09:22:53 PM

Quote from: lsd400 on February 12, 2018, 08:44:34 PM

This tweet make me wonder https://twitter.com/CobraBitcoin/status/963088730641911808 if BTC change PoW algorithm and let's say all miners switch to Bitcoin Cash would it handle well with same fee 1cent? I mean is BCH network ready for such situation?

It won't happen but if BTC did change it's PoW then no the current value could not support all the hashing power there is just not enough value there you will possibly find miners refusing to mine really low value transactions antpool and f2pool was doing that a bit back on BTC

f2pool even tweeted out that if you want them to mine your transaction then you need to pay a higher fee

A similar thing will most likely happen the miners may refuse any transaction below something like 10sat/B

You would probably find many miners quit and bitmain unable to sell new mining equipment

So never say never https://twitter.com/CobraBitcoin/status/967237696379813888. Sadly enough is it desperation signs Or another high level fud? But one thing for sure that cannot be called Bitcoin anymore.

If bitcoin was to change the PoW algorithm it would still be Bitcoin eventually it may have to happen as quantum computing starts to become a reality but this will probably be many many years away and likely not in our lifetime

lsd400

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Activity: 189

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Quote from: tekmobile on February 12, 2018, 09:22:53 PM

Quote from: lsd400 on February 12, 2018, 08:44:34 PM

This tweet make me wonder https://twitter.com/CobraBitcoin/status/963088730641911808 if BTC change PoW algorithm and let's say all miners switch to Bitcoin Cash would it handle well with same fee 1cent? I mean is BCH network ready for such situation?

It won't happen but if BTC did change it's PoW then no the current value could not support all the hashing power there is just not enough value there you will possibly find miners refusing to mine really low value transactions antpool and f2pool was doing that a bit back on BTC

f2pool even tweeted out that if you want them to mine your transaction then you need to pay a higher fee

A similar thing will most likely happen the miners may refuse any transaction below something like 10sat/B

You would probably find many miners quit and bitmain unable to sell new mining equipment

So never say never https://twitter.com/CobraBitcoin/status/967237696379813888. Sadly enough is it desperation signs Or another high level fud? But one thing for sure that cannot be called Bitcoin anymore.

Bitbobb

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Less hops. More wins.

tekmobile

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Activity: 392

Merit: 154

Quote from: classicsucks on February 23, 2018, 02:22:38 PM

Quote from: tekmobile on February 22, 2018, 04:21:27 PM

Quote from: classicsucks on February 22, 2018, 02:09:02 PM

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

How is comparing tx numbers with percentages even remotely the same

Well it was your analogy, but if you still can't see it, I'll explain it for you.

Kore claimed that Segwit was a 3.5x capacity increase (tachometer shoots up 3500 rpms). Speed (and Tx capability) remained basically unchanged (possibly 1.1x increase), so the speedometer didn't move. Fees went through the roof (the engine overheated), and everybody fled the car fire. Greg Maxwell poured some "champaign" on it to no avail, then he left too.

Now the car is fine (low fees). Except it's a burnt-out shell that won't move.

Segwit is still not widely adopted hence you are not seeing it's full benefits yet

With the rollout of 0.16.0 just around the corner as the final release has now been tagged this will help make the transition to segwit much easier for everyone as it it now default but even then you will not see it's full benefit until the rollout of bech32 addresses they are now a option on 0.16.0 but segwit wrapped in P2SH is the current default

So far Bitcoin has always just worked for me shame I cannot say the same for BCH I just reset my HW wallet the other day and the little bit of BCH that was in it was not as easy to move to a new address/seed with the neew cashaddress format I had to bounce it around a couple of times cos my wallet wouldn't accept it as a valid address

classicsucks

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Activity: 686

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Quote from: tekmobile on February 22, 2018, 04:21:27 PM

Quote from: classicsucks on February 22, 2018, 02:09:02 PM

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

How is comparing tx numbers with percentages even remotely the same

Well it was your analogy, but if you still can't see it, I'll explain it for you.

Kore claimed that Segwit was a 3.5x capacity increase (tachometer shoots up 3500 rpms). Speed (and Tx capability) remained basically unchanged (possibly 1.1x increase), so the speedometer didn't move. Fees went through the roof (the engine overheated), and everybody fled the car fire. Greg Maxwell poured some "champaign" on it to no avail, then he left too.

Now the car is fine (low fees). Except it's a burnt-out shell that won't move.

tekmobile

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Activity: 392

Merit: 154

Quote from: svennnny on February 22, 2018, 04:27:25 PM

Quote from: tekmobile on February 22, 2018, 04:21:27 PM

Quote from: classicsucks on February 22, 2018, 02:09:02 PM

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

How is comparing tx numbers with percentages even remotely the same

Lol we are at 8 billion + volume BTC dominance is increasing. With those low fees and empty mempool Bcash is gonna die Cheesy

https://blog.coinbase.com/announcing-segwit-support-on-coinbase-4e51117857c7

Coinbase had now rolled out Segwit to a percentage of coinbase and gdax customers with 100% expected next week and also has a dedicated developer to work on the lightning network

Vipaccount333

newbie

Activity: 42

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What we have to be ready for is years for proper adoption. Problem is that everyone is using crypto as a pump and dump get rich scheme that won’t last. BCH is going for adoption, even if it takes years it’s ok. Ppl are gambling in crypto at the moment. When they don’t make money, they don’t make the hormone ‘dopamine’ and feel down... many don’t realise it’s become an addiction

svennnny

member

Activity: 182

Merit: 17

Quote from: tekmobile on February 22, 2018, 04:21:27 PM

Quote from: classicsucks on February 22, 2018, 02:09:02 PM

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

How is comparing tx numbers with percentages even remotely the same

Lol we are at 8 billion + volume BTC dominance is increasing. With those low fees and empty mempool Bcash is gonna die Cheesy

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: hush on February 22, 2018, 02:09:52 PM

Quote from: Vipaccount333 on February 21, 2018, 11:53:20 PM

Hello I have 0.8 BCH available at the moment and I’m selling for 800$. Contact me if you are interested in buy. Thanks

Why anybody buy from you while there over 200 markets available for this trade this kind of offer looking fishy. You should use your mind before posting this kind of shit.

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Litecoin Cash looks way better than BeeCash :-D hodl LCC ===>

https://yobit.net/en/trade/LCC/BTC#12H

vothuong1

jr. member

Activity: 238

Merit: 3

btc price affects the whole crypto market, lets all hope that btc price is stable and bch and market also stable.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: classicsucks on February 22, 2018, 02:09:02 PM

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

How is comparing tx numbers with percentages even remotely the same

hush

full member

Activity: 1288

Merit: 102

Quote from: Vipaccount333 on February 21, 2018, 11:53:20 PM

Hello I have 0.8 BCH available at the moment and I’m selling for 800$. Contact me if you are interested in buy. Thanks

Why anybody buy from you while there over 200 markets available for this trade this kind of offer looking fishy. You should use your mind before posting this kind of shit.

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: tekmobile on February 21, 2018, 04:41:31 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Like always you cannot use tx count as a metric to judge usage

This is like using your car tachometer to judge it's speed

LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc.

And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke.

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: tekmobile on February 21, 2018, 08:08:34 AM

Quote from: bitcoinPsycho on February 21, 2018, 08:05:20 AM

Quote from: tekmobile on February 21, 2018, 07:59:33 AM

Quote from: svennnny on February 21, 2018, 07:53:05 AM

It's great to see the Segwit adoption increased every day. Mempool is almost empty. Bitcoin dominance almost at 40% all looking good Wink

Coinbase rolling out Segwit now with 100% planned by next week

Bitfinex is now segwit

Bitcoin Core 0.16.0 is now Native Segwit (Segwit P2WPKH default with bech32 optional)

nail in the coffin for bcash=segwit

There also seems to be a lot of fighting going on within the Bcash community was reading through a nice long thread on r/btc earlier something to do with the op codes and one of how ABC is dictating the path of Bcash something to do with deadalnix

The OP_GROUP opcode drama is nothing more than an attempt to troll and discredit deadalnix. OP_GROUP is untested and as such will need research and development before it it merged into any coin. Better to try it out on some shitcoin for 6 months and let that coin get hacked...

Somebody compared deadalnix to maxwell on reddit - that's when you know you're posting in a troll thread!

svennnny

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Activity: 182

Merit: 17

Quote from: Bitbobb on February 22, 2018, 11:35:07 AM

Quote from: hv_ on February 21, 2018, 04:40:04 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Would you ever come back to a bank or fintech that once ripped you over?

There are very good averages out there for all sorts of different businesses how long it takes to get over a lost reputation event to win back lost business and you can hire expensive consultants and analysts that might speed that up a bit.

Banking and finance sector takes longest...

As a boy my grandfather helped me open my first savings account. For years I put money in.. One day he and I decided to go check on the money to see the balance and it was all gone. The bank had sent notice of a new fee and the fee ate 100% it. my grandfather said for the rest of my life I do not have to use the banks if I do not want to Wink

He was both embarrassed and upset since he hoped to teach me thrift. Instead I learned a much more valuable lesson that day..

Haha glad you lost it all Grin

prety-love

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Activity: 231

Merit: 100

Quote from: Fidel007 on February 21, 2018, 03:37:19 PM

I believe Roger has something up his ass.

Operation Dragon Slayer will happen but it will fail.

I am keeping some Beetcoin Cash just to dump when Roger pumps his shitcoin to fucking uranus.

Which coin will take off and which one will fall - everything really depends on the news that comes out under a certain project. Today the forecast can be excellent, and tomorrow you will wake up, and you are already in the red. But, when the market is in a downtrend - there's really no news about the project released - there will not be any growth - more than once this has been observed

uriitimoshilov0109

newbie

Activity: 70

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In principle, not a bad topic. Thanks to the developers. I think you can use this purse in the future

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Quote from: hv_ on February 21, 2018, 04:40:04 PM

Quote from: jbreher on February 21, 2018, 04:32:15 PM

Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.

Would you ever come back to a bank or fintech that once ripped you over?

There are very good averages out there for all sorts of different businesses how long it takes to get over a lost reputation event to win back lost business and you can hire expensive consultants and analysts that might speed that up a bit.

Banking and finance sector takes longest...

As a boy my grandfather helped me open my first savings account. For years I put money in.. One day he and I decided to go check on the money to see the balance and it was all gone. The bank had sent notice of a new fee and the fee ate 100% it. my grandfather said for the rest of my life I do not have to use the banks if I do not want to Wink

He was both embarrassed and upset since he hoped to teach me thrift. Instead I learned a much more valuable lesson that day..

ANDREW 555

jr. member

Activity: 182

Merit: 7

PHP/BCH Trading Pair on Coins.ph (February 21)
https://coindar.org/en/event/bitcoin-cash-bch-phpbch-trading-pair-on-coinsph-4564

tekmobile

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Activity: 392

Merit: 154

Quote from: standards on February 22, 2018, 03:33:25 AM

Quote from: Vipaccount333 on February 21, 2018, 11:53:20 PM

Hello I have 0.8 BCH available at the moment and I’m selling for 800$. Contact me if you are interested in buy. Thanks

It is traded in many exchanges. Why do not you sell there.

The question should be why are they wanting to sell below market rate sounds highly suspicious

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 258. (Read 704805 times)