[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 269.

coolcat86

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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

Bitbobb

hero member

Activity: 1134

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Less hops. More wins.

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

svennnny

member

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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.

Cause there is no demand for it.

abeke

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Activity: 216

Merit: 100

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

moli1

full member

Activity: 182

Merit: 118

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.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Good.

If the trolling and destruction density gets higher in this sub, we know Bitcoin Cash is on a good way.

Lots of PoS (proof of stupid) posts expected over next time.

Grin

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

^wow , is my ln thread the only ln thread? i doubt it.
You still dont get it , share your knowledge on a thread that needs it...any ln thread of your choice.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Mrpumperitis on February 11, 2018, 03:23:32 AM

Quote from: tekmobile on February 11, 2018, 01:45:13 AM

Quote from: Mrpumperitis on February 10, 2018, 09:51:36 PM

^great info tek.wow....wrong thread though Kiss

Someone has to keep the thread alive because just like the coin nobody is using it coincidence ?
zzzzzzzzzzzzzzzzzzzzzzzzz

Back to the talking point...just because the thread is quite at times, does not mean you can start talking about alt projects.
Esp on a thread that has nothing to do with SW/LN.

Nah that's censorship remember isn't that what you cry when r/bitcoin removes off topic stuff you're suppose to be against that anyway

Plus I keep hearing if LN it becomes popular you can also implement it too so think of it as early development chat for BCH Roll Eyes

Mrpumperitis

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Quote from: tekmobile on February 11, 2018, 01:45:13 AM

Quote from: Mrpumperitis on February 10, 2018, 09:51:36 PM

^great info tek.wow....wrong thread though Kiss

Someone has to keep the thread alive because just like the coin nobody is using it coincidence ?
zzzzzzzzzzzzzzzzzzzzzzzzz

Back to the talking point...just because the thread is quite at times, does not mean you can start talking about alt projects.
Esp on a thread that has nothing to do with SW/LN.

I still dont get why your so afraid of having an SW/LN dedicated thread,lol

mindrust

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Activity: 3276

Merit: 2442

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

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 is a paid shill. There is a reason why he is flashing red. *scam* wink wink

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Mrpumperitis on February 10, 2018, 09:51:36 PM

^great info tek.wow....wrong thread though Kiss

Someone has to keep the thread alive because just like the coin nobody is using it coincidence ?

Even with the massive recent pump the amount of transactions and blocksize remained the same and it pretty much all came from a single exchange okex this is not suspicious at all lmao

Also miner fees are dropping due to lower onchain transactions and without a block subsidy your precious miners would be earning a whopping $18 per block but don't worry they will just hard fork again to add more coin supply because that is now possible that they control the code

Good luck with your dumpster fire if this is not going to work out the big players will just collude together and dump everything before leaving you lot holding the bags

Have you ever wondered why so much of the crypto community get on with BTC even though they are all competing with each other but the majority hate on BCH except some of the biggest players and supporters

Where was all the support for Roger ver on Infowars the other day I've not seen anyone here even mentioning that yet before or after is that because it was a embarrassing for the BCH community he ended up being cut short and ended as a laughing stock in case you missed it

Mrpumperitis

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^great info tek.wow....wrong thread though Kiss

tekmobile

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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

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

Lain33

newbie

Activity: 15

Merit: 0

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

DonQuijote

legendary

Activity: 1551

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♠ ♥ ♣ ♦ < ♛♚&#

Quote from: CoinHunter82 on February 10, 2018, 02:45:10 PM

Quote from: JJhardcore on February 10, 2018, 08:37:17 AM

Anyone here when BCH will be used for Bitpay CC and transaction payments? Bitpay announced they would be switch from Bitcoin to BCH as the primary payment source and implementing it in early in 2018. I'm waiting patiently and the price should explode once this happens. When is the great question? Huh

?

I think we should wait until the market comes to life! Confidence in the market should come back.

bitpay, openbazaar... all people wanna use bch

CoinHunter82

newbie

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Quote from: JJhardcore on February 10, 2018, 08:37:17 AM

Anyone here when BCH will be used for Bitpay CC and transaction payments? Bitpay announced they would be switch from Bitcoin to BCH as the primary payment source and implementing it in early in 2018. I'm waiting patiently and the price should explode once this happens. When is the great question? Huh

?

I think we should wait until the market comes to life! Confidence in the market should come back.

CoinHunter82

newbie

Activity: 52

Merit: 0

Quote from: Mrpumperitis on February 09, 2018, 11:04:06 PM

I think another dumpining is coming.....btc $3k-$5k ,
BCH prob go down along with other coins too.

very similar to the truth

klimzi

newbie

Activity: 9

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I started using this Bitcoin Cash faucet: http://moonb.ch/?ref=7EF1287D079F Please join if you wish to get some.

JJhardcore

newbie

Activity: 19

Merit: 0

Anyone here when BCH will be used for Bitpay CC and transaction payments? Bitpay announced they would be switch from Bitcoin to BCH as the primary payment source and implementing it in early in 2018. I'm waiting patiently and the price should explode once this happens. When is the great question? Huh

?

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 269. (Read 704531 times)