[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 267.

classicsucks

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Quote from: hv_ on February 13, 2018, 08:53:05 AM

"MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS"

-> 640 kB ought to be enough for anybody ...

Sure - it always depends WHO you ask... but be careful and do not invite new middlemen (BS, MS, ...) - that's not Bitcoin.

lawl now these trolls are quoting Microsoft, as if they have anything positive to do for crypto. They should stick with making malware operating systems.

As for the video of the CEO in the alligator shirt, TLDR, sh*tboy, miner collusion and 51% attacks have been done to death for years already.

lsd400

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Quote from: bitcoinPsycho on February 13, 2018, 07:40:42 AM

http://bitcoinist.com/farewell-bitcoin-cash-microsoft-chain-scaling-degrades-decentralization/

MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS

In a blog post on Monday, Director of Program Management at Microsoft’s Identity Division Alex Simons said that layer 2 scaling solutions, which principally involve the Lightning Network, are superior to on-chain scaling.

Simons writes:

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale.
He later continues:

To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID (decentralized identity) system

I'm pretty sure that Graphene compression should help to decrease bandwidth requirements for a miner with big blocks even it is bigger than 32MB. And as I know in the future with UTXO snapshot development miner wouldn't need to download full blockchain.

pawel7777

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Quote from: alyssa85 on February 13, 2018, 10:27:09 AM

Roger Ver is going to be rolling out Bitcoincash ATMs:

https://twitter.com/rogerkver/status/963214514392129536

Quote

I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide!

It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto.

"I just bought 50 Bitcoin (BCH)"

It's BITCOIN CASH, not BITCOIN. He seriously needs to stop doing this.
BCH started of as a fork under different name, by their own choice. It's not Bitcoin by any definition, even if it adheres to the original Bitcoin whitepaper more than the "legacy" Bitcoin does.

I'm pretty sure RV pushes BCH=Bitcoin only because he chose to jump from BTC to BCH while still owning "Bitcoin.com" and "r/btc".

hv_

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Clean Code and Scale

Quote

Despite steadily gaining mainstream popularity, cryptocurrencies like Bitcoin Cash are still a long way from mainstream acceptability. Payments processor BitPay is working towards solving that problem, first with legacy Bitcoin (BTC) and now with Bitcoin Cash (BCH).

In an interview with CoinGeek.com, BitPay CEO Stephen Pair said there are two main obstacles that hinder blockchain payments acceptance: volatility risk and technical integration. What BitPay does is it simplifies the process for merchants, while also making sure that the retailers are paid fairly.

“Our platform makes it simple for merchants to receive payments from BTC (and soon Bitcoin Cash) wallets with minimal integration work or technical knowledge about Bitcoin. And our merchants get paid exactly what they charge to their bank accounts in local currency, minus a 1% processing fee,” Pair said.

https://coingeek.com/bitpay-ceo-refined-platform-allows-simpler-seamless-bitcoin-cash-use/

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

Roger Ver is going to be rolling out Bitcoincash ATMs:

https://twitter.com/rogerkver/status/963214514392129536

Quote

I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide!

It needs more publicity though - bitcoincash is fading out of the mainstream media coverage of crypto.

hv_

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Clean Code and Scale

"MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS"

-> 640 kB ought to be enough for anybody ...

Sure - it always depends WHO you ask... but be careful and do not invite new middlemen (BS, MS, ...) - that's not Bitcoin.

bitcoinPsycho

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$120000 in 2024 Confirmed

http://bitcoinist.com/farewell-bitcoin-cash-microsoft-chain-scaling-degrades-decentralization/

MICROSOFT: ON-CHAIN FAILS TO MEET CAPACITY NEEDS

In a blog post on Monday, Director of Program Management at Microsoft’s Identity Division Alex Simons said that layer 2 scaling solutions, which principally involve the Lightning Network, are superior to on-chain scaling.

Simons writes:

While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale.
He later continues:

To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID (decentralized identity) system

Rapidement

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hv_

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Quote from: revelacaogr on February 13, 2018, 04:30:47 AM

A dangerous Bitcoin & Bitcoin-Cash (BCash) Hack (that no one talks about)

https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be

Thx - no this attack was already discussed on e.g. reddit/btc

I'd say, sure - this is an attac vector, but his risk calc is bit too simple.

1) Price might not be there after 50 blocks and even if you sell for 10 Mio$ -> price might tank
2) Other pools might see this before and could go into (different) action, esp Jihan's like move hashpower over and DDos, ...
3) The attacker has lost all credibility after such thing -> This will not be local to BCH, since we know the external world does not really distinguish between different cryptos -> this falls back to the entire sector!

revelacaogr

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A dangerous Bitcoin & Bitcoin-Cash (BCash) Hack (that no one talks about)

https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be

classicsucks

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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?

Cobra doesn't have much credibility anymore from either side, since he spoke ill of the Blockstream team after viciously trolling the BCH community. Changing POW would be an immediate and absolute disaster - it's simply not in the realm of possibility. The miners would switch to BCH and BTC would simply cease to exist.

classicsucks

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Quote from: hv_ on February 12, 2018, 03:35:38 AM

A new star is born. Welcome Tiffany!

https://twitter.com/haydentiff/status/961991338668552192

Shocked

Yeah I guess these Blockstream fanbois are getting more and more desperate to blame somebody for their failure... but they picked the wrong victim there...

Anarchapulco starts this week, so keep your powder dry... something tells me it won't be BTC that pumps.

More Blockstream engineers quitting, tek is raging extra hard this week.

This SMS BCH payment system looks quite interesting. Mpesa is a huge success in Kenya, and this could take off in a hurry.

classicsucks

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Quote from: Lain33 on February 10, 2018, 06:50:15 PM

Quote from: classicsucks on February 06, 2018, 09:32:02 AM

Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:

BTC doesn't work and LN can't work with a broken layer underneath it.
BTC development is a dead meme,
BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism.
BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)

BCH works and adoption is growing more each day.
BCH development is steaming ahead.
BCH has 24x the capacity of dead BTC.
New investment will almost certainly go to the alt market looking for growth.

Watch the US Congress hearings today. Surely they will move the markets.

Really delusional. This guy seems to think he knows his stuff, must be really into crypto a while. Hmm lets see, account created February 17, 2016 - oh yeah - def been in the scene a ''looong'' time, wink wink

LOL says a noob with barely the 15 posts required to post here... welcome to my ignore list, bozo.

Tek, man, I do give you credit. You still believe the sky is red, despite the very strong evidence that it's blue. So you just keep on trolling with that LN crap, and have fun with it. If you ever find anybody doing any actual commerce on that son-of-a-crap-coin, you let me know.

tomkat

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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?

Change PoW in BTC is extremely unlikely, but if they really did it, and if miners really switched to BCH, then it would actually not change anything for BCH.
The fees depend on the block capacity, so they will remain very low unless all available space is filled with transactions.

sabine80

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i use bitcoinget.com to earn bitcoins. is a similar site available for bitcoin cash or other ways to earn bitcoin cash (without mining, faucets and buying it)??

tekmobile

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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

lsd400

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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?

hv_

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Clean Code and Scale

^ ironic how you cannot see like most all of the older Bitcoin supporters see BS and SW + LN toxic and spread out to other platforms.

All efforts that dillute Bitcoin's inherent scarcity IS toxic by definition.

All space given to other coins by any means is such.

Bitcoin Cash will exactly fix that and yes, it must be kind of toxic i.o. to achieve that.

bitcoinPsycho

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Quote from: Angel Di on February 12, 2018, 09:36:39 AM

Quote from: abeke on February 11, 2018, 06:50:56 AM

I wonder why big exchanges like Bittrex, Binance etc. don't have BCH trading pair against altcoins.

Here everything is very simple, the coin first appeared only recently and there passed not enough time. Therefore probably so far is of not enough interest and will have respectively small demand on couples. It will be possible in the future that that and is added. Now something to deny this ungrateful business and blind.

also a lot of bitcoin fans(including me) see bch as toxic

Angel Di

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EVOS

Quote from: abeke on February 11, 2018, 06:50:56 AM

I wonder why big exchanges like Bittrex, Binance etc. don't have BCH trading pair against altcoins.

Here everything is very simple, the coin first appeared only recently and there passed not enough time. Therefore probably so far is of not enough interest and will have respectively small demand on couples. It will be possible in the future that that and is added. Now something to deny this ungrateful business and blind.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 267. (Read 704531 times)