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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 258. (Read 704531 times)

full member
Activity: 462
Merit: 103
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 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



How can we tell if we using Segwit on coinbase or not? I mean coinbase just assign us a bitcoin address to deposit? Will segwit be much faster and as safe, without losing coins and stuff?
full member
Activity: 462
Merit: 103
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

Isnt bitcoin at the moment is power of work? Bitcoin and bitcoin cash are all power of work right?
full member
Activity: 392
Merit: 154
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
member
Activity: 189
Merit: 12
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.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
full member
Activity: 392
Merit: 154
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

hero member
Activity: 686
Merit: 504
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.

full member
Activity: 392
Merit: 154
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 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

newbie
Activity: 42
Merit: 0
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
member
Activity: 182
Merit: 17
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 Cheesy
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
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
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.
full member
Activity: 392
Merit: 154
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

full member
Activity: 1288
Merit: 102
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
hero member
Activity: 686
Merit: 504
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.
hero member
Activity: 686
Merit: 504
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!
member
Activity: 182
Merit: 17
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 Grin
full member
Activity: 231
Merit: 100
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
newbie
Activity: 70
Merit: 0
In principle, not a bad topic. Thanks to the developers. I think you can use this purse in the future
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
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..   
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