[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 268.

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: tekmobile on February 12, 2018, 08:05:14 AM

Quote from: tomkat on February 12, 2018, 07:44:58 AM

Quote from: tekmobile on February 12, 2018, 07:12:17 AM

Quote from: tomkat on February 12, 2018, 07:05:02 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

However, although LN may be relevant since it can be used in BCH eventually, Segwit is totally off-topic here, right?

Lightning cannot be used on BCH in its current form though because when you forked you removed a bugfix to a long standing bug that is required to be fixed for LN to function

You're twisting the discussion all the time. The above was about relevancy of LN (and Segwit) in BCH and not if LN can't be used now because of something.
BCH devs and community aren't against LN in BCH.
-LN can be eventually used in BCH after fixing malleability
-Segwit is irrelevant since it won't be implemented in BCH

Segwit isn't the only solution for LN, since malleability can be solved without Segwit.
Instead of just scraping the surface try to dig slightly deeper - see below for a start
https://bitcoinclassic.com/devel/Malleability.html
https://www.reddit.com/r/btc/comments/6ldjrd/transaction_malleability_solved_without_segwit/
https://www.reddit.com/r/btc/comments/69s2wf/the_right_way_to_fix_transaction_malleability/

This was all before BCH why wasn't this implemented before the launch when the fork was created then if it is so easy to do

Because it's not needed now, and it's not the main focus of BCH development.
LN in BCH is just an optional feature that may be useful some day.

ConnectionSuccesful

newbie

Activity: 7

Merit: 0

https://www.tradingview.com/chart/BCHBTC/Ez9dpGYb-Black-Friday-Green-Bitcoin-Cash-Multiple-charts-24-7-stream/

Link to Trading view idea, BCH looks very healthy.
I remember this FUD on XRP before recent pump. We have exactly the same situation on BCH market right now.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: tomkat on February 12, 2018, 07:44:58 AM

Quote from: tekmobile on February 12, 2018, 07:12:17 AM

Quote from: tomkat on February 12, 2018, 07:05:02 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

However, although LN may be relevant since it can be used in BCH eventually, Segwit is totally off-topic here, right?

Lightning cannot be used on BCH in its current form though because when you forked you removed a bugfix to a long standing bug that is required to be fixed for LN to function

You're twisting the discussion all the time. The above was about relevancy of LN (and Segwit) in BCH and not if LN can't be used now because of something.
BCH devs and community aren't against LN in BCH.
-LN can be eventually used in BCH after fixing malleability
-Segwit is irrelevant since it won't be implemented in BCH

Segwit isn't the only solution for LN, since malleability can be solved without Segwit.
Instead of just scraping the surface try to dig slightly deeper - see below for a start
https://bitcoinclassic.com/devel/Malleability.html
https://www.reddit.com/r/btc/comments/6ldjrd/transaction_malleability_solved_without_segwit/
https://www.reddit.com/r/btc/comments/69s2wf/the_right_way_to_fix_transaction_malleability/

This was all before BCH why wasn't this implemented before the launch when the fork was created then if it is so easy to do

ANDREW 555

jr. member

Activity: 182

Merit: 7

Satoshi's Vision Conference in Tokyo, Japan (March 23)
https://coindar.org/en/event/bitcoin-cash-bch-satoshis-vision-conference-in-tokyo-japan-3450

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

Quote from: tekmobile on February 12, 2018, 07:33:20 AM

Quote from: hv_ on February 12, 2018, 07:20:45 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

Funny - how did I 'delete' or 'censor' ?

And no - yours devs and others have shown, that you do not need Segshit for LN.

Keep it simple stupid

By telling something is not welcome if you had the power to delete you would but you don't so you have to do the next best thing

I never said you needed segwit for LN I said you need a bugfix because you removed the one segwit fixed the devs are welcome to try and fix this bug some other way if they wish and then yes LN will work without segwit but it's unlikely to happen.

If BCH did decide it needed LN then they will probably just merge the segwit code again as its already proven

Not so sure about how realistic these two things are - 1) I had the power to delete AND really execute this (I did not even report this post)

AND 2) Bitcoin Cash's protocol gets over-engineered for sake of dev-control - esp having 32MB on the road-map.

No - the protocol level must be as simple as possible to maximal-attrac solutions, ppl and devs on top and this means real decentralization, like elementary particles can be found anywhere in this universe and all other things are built on top of these. Only the inherent shape and basic physics are setting up the self-organizational structures - no other protocol (layer 1) devs needed.

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: tekmobile on February 12, 2018, 07:12:17 AM

Quote from: tomkat on February 12, 2018, 07:05:02 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

However, although LN may be relevant since it can be used in BCH eventually, Segwit is totally off-topic here, right?

Lightning cannot be used on BCH in its current form though because when you forked you removed a bugfix to a long standing bug that is required to be fixed for LN to function

You're twisting the discussion all the time. The above was about relevancy of LN (and Segwit) in BCH and not if LN can't be used now because of something.
BCH devs and community aren't against LN in BCH.
-LN can be eventually used in BCH after fixing malleability
-Segwit is irrelevant since it won't be implemented in BCH

Segwit isn't the only solution for LN, since malleability can be solved without Segwit.
Instead of just scraping the surface try to dig slightly deeper - see below for a start
https://bitcoinclassic.com/devel/Malleability.html
https://www.reddit.com/r/btc/comments/6ldjrd/transaction_malleability_solved_without_segwit/
https://www.reddit.com/r/btc/comments/69s2wf/the_right_way_to_fix_transaction_malleability/

tekmobile

full member

Activity: 392

Merit: 154

Quote from: hv_ on February 12, 2018, 07:20:45 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

Funny - how did I 'delete' or 'censor' ?

And no - yours devs and others have shown, that you do not need Segshit for LN.

Keep it simple stupid

By telling something is not welcome if you had the power to delete you would but you don't so you have to do the next best thing

I never said you needed segwit for LN I said you need a bugfix because you removed the one segwit fixed the devs are welcome to try and fix this bug some other way if they wish and then yes LN will work without segwit but it's unlikely to happen.

If BCH did decide it needed LN then they will probably just merge the segwit code again as its already proven

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

Funny - how did I 'delete' or 'censor' ?

And no - yours devs and others have shown, that you do not need Segshit for LN.

Keep it simple stupid

tekmobile

full member

Activity: 392

Merit: 154

Quote from: tomkat on February 12, 2018, 07:05:02 AM

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

However, although LN may be relevant since it can be used in BCH eventually, Segwit is totally off-topic here, right?

Lightning cannot be used on BCH in its current form though because when you forked you removed a bugfix to a long standing bug that is required to be fixed for LN to function

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: tekmobile on February 12, 2018, 07:00:38 AM

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

However, although LN may be relevant since it can be used in BCH eventually, Segwit is totally off-topic here, right?

tekmobile

full member

Activity: 392

Merit: 154

Quote from: hv_ on February 12, 2018, 06:56:45 AM

^
Nope - this is not the Segshit fanboy thread here..

That's censorship your against that since you are always criticize r/Bitcoin for deleting off topic this is supposed to be a free discussion coin

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

^
Nope - this is not the Segshit fanboy thread here..

Rapidement

jr. member

Activity: 103

Merit: 6

tekmobile

full member

Activity: 392

Merit: 154

Quote from: tomkat on February 12, 2018, 04:27:39 AM

Quote from: tekmobile on February 10, 2018, 07:44:57 PM

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

He's just a Bcash shill just ignore him like the rest of us LN already has more open channels than Bcash does nodes and it's not even ready yet also LN node count is catching up fast and will probably over take the Bcash node count within the next couple of weeks

There seems to be some narrative coming from them that LN needs some licence and expensive hardware from blockstream but something must be wrong with my LN node because it seems to be running just fine on the same standard computing hardware as my full node does and the licensing bit where I have to pay blockstream is missing Huh

Also something is wrong with the fees too because I was told it would cost $100 to open a channel but when I opened a couple of channels on mine it didn't even cost me $1 so I'm just guessing it was a type and just was missing a decimal and should have said $1.00

I did buy some gear from the blockstream store though a week ago with no fees it wasn't as fast as I was expecting though as I was believed it to be instant but I swear I had to wait 250ms

Well, there's no demand for BTC transactions currently - just look here https://blockchain.info/charts/n-transactions to see the number of TXs is down from almost 500k to 150k per day. That's significant drop just within 2 months between december and february. With BTC price down more than 50% from ATH, and low number of TXs your $1 for opening/closing LN channel is impressive, however, if the price and no. of TXs will go higher, your costs will surely rise to $20 (or more) again.

That was for opening 2 channels I opened a small one yesterday cost me $0.06 but I was only sending $0.16 testing and all that so technically cost a lot this is also native segwit (bc1)

https://blockchain.info/tx/e5b9a12eeba405d50d30c1f8d5541d02634754a0da73045ffdc04fb733e9d171

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: tekmobile on February 10, 2018, 07:44:57 PM

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

He's just a Bcash shill just ignore him like the rest of us LN already has more open channels than Bcash does nodes and it's not even ready yet also LN node count is catching up fast and will probably over take the Bcash node count within the next couple of weeks

There seems to be some narrative coming from them that LN needs some licence and expensive hardware from blockstream but something must be wrong with my LN node because it seems to be running just fine on the same standard computing hardware as my full node does and the licensing bit where I have to pay blockstream is missing Huh

Also something is wrong with the fees too because I was told it would cost $100 to open a channel but when I opened a couple of channels on mine it didn't even cost me $1 so I'm just guessing it was a type and just was missing a decimal and should have said $1.00

I did buy some gear from the blockstream store though a week ago with no fees it wasn't as fast as I was expecting though as I was believed it to be instant but I swear I had to wait 250ms

Well, there's no demand for BTC transactions currently - just look here https://blockchain.info/charts/n-transactions to see the number of TXs is down from almost 500k to 150k per day. That's significant drop just within 2 months between december and february. With BTC price down more than 50% from ATH, and low number of TXs your $1 for opening/closing LN channel is impressive, however, if the price and no. of TXs will go higher, your costs will surely rise to $20 (or more) again.

Cyberfox

newbie

Activity: 49

Merit: 0

Quote from: junan1 on July 31, 2017, 10:28:34 PM

Shapeshift has just disabled Bitcoin in their service as a precaution.

As for me, Shapeshift is very convenient but the fees are exorbitant compared to other platforms...I'm planning to use BestRate.org as it seems like it has more advantages..the main is the principe of its work..it picks the highest rate amonng different exhange platforms, such as Changelly, ShapeShift, Evercoin, Bittrex, Poloniex and others.

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

A new star is born. Welcome Tiffany!

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

Shocked

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

Quote from: coolcat86 on February 12, 2018, 01:28:23 AM

Quote from: moli1 on February 11, 2018, 05:56:27 AM

BCH price fell 11% to $1,211... market cap of bitcoin cash is $20 billion... original bitcoin had a maximum limit of 1 MB of data per block or about 3 transactions per second.
although these limits could be raised technically, the bitcoin community never reached a consensus after years of debate.
so, instead of raising the limits, the community decided to create another blockchain (which was later known as Bitcoin Cash) with the improved limits. the older bitcoins were taken to this new and improved blockchain that had a maximum limit of 8 MBs per block.
from the hard fork on August 1, 2017, Bitcoin Cash was born, increasing the capacity limit of each block.
the purpose of the fork was to raise the number of transactions that can be processed by increasing the block size to 8 MBs against 1 MB of bitcoin.

So according to your logic BCH transaction capacity is 3*8=24 transactions per second (that's a game changer), wow...

It should / will be adjusted to what's roughly needed ( + excess capacity for black Fridays) - like any proper finTech (Cash + Settlement -) solution should do. Average Joe's user experience is always key and a decent security for high rolers.

coolcat86

newbie

Activity: 10

Merit: 1

Quote from: moli1 on February 11, 2018, 05:56:27 AM

BCH price fell 11% to $1,211... market cap of bitcoin cash is $20 billion... original bitcoin had a maximum limit of 1 MB of data per block or about 3 transactions per second.
although these limits could be raised technically, the bitcoin community never reached a consensus after years of debate.
so, instead of raising the limits, the community decided to create another blockchain (which was later known as Bitcoin Cash) with the improved limits. the older bitcoins were taken to this new and improved blockchain that had a maximum limit of 8 MBs per block.
from the hard fork on August 1, 2017, Bitcoin Cash was born, increasing the capacity limit of each block.
the purpose of the fork was to raise the number of transactions that can be processed by increasing the block size to 8 MBs against 1 MB of bitcoin.

So according to your logic BCH transaction capacity is 3*8=24 transactions per second (that's a game changer), wow...

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Bitbobb on February 11, 2018, 11:17:27 AM

https://www.rt.com/business/418390-france-germany-bitcoin-clampdown/

You are aware that is a total BS article

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 268. (Read 704805 times)