Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 320. (Read 704730 times)

Yea a long time but by 2040 the reward will still be down to around 0.1953125 so still almost non existent and as the reward gets lower then the fees will be needed as this is the only way miners will be paid

Also as the value increases more and more miners come online faster than the difficulty adjusts so the halving is probably closer to 3 1/2 years so by 2040 it could have possibly hit the 0.09765625 reward


Taking data from fork.lol

Block Reward Fees   
(4.39 BTC) $73,109
(0.02 BCH) $55

So right now with no more block subsidy #

A BTC miner will earn $73109 where a BCH miner will just earn $55 per block and to gain the same amount of reward as BTC right now BCH needs to be getting over 130tx/s
so as of now BTC has around 85% miner share but with no block reward BTC will be around will be 99.5% so either
BCH will need to gain HUGE value over BTC
Have a Huge amount of on chain transactions
Raise fees by a huge amount which wont be possible if they keep the intent to make every transaction get into the next block

The only other way is to HF to increase the coin supply and go against what bitcoin was created for

Everyone here keeps going on about satoshis vision and the whitepaper etc but the reality is the white paper was a technical proof of concept it was not a vision of the final project satoshis vision was a deflationary currency not controlled by the banks and yes he even said himself that it would need to scale to layer 2 solutions way back when he was active

my bad, lol, nvm, yeah, its around 2140, another 100yrs or so.

Yes, he got it wrong. According to estimates on stackexchange it will be about 2140, not 2040.


https://bitcoin.stackexchange.com/questions/10486/when-will-the-last-bitcoin-be-mined

I think you'll find its 2140 approx

bc bitcoin mining reward half every 4 years, increasing in btc value will justify and provide incentive for miners continue mining btc, but by 2040 , last btc mined. No more btc reward, says transaction fees is low for mass adoption, how will btc network be maintained??? Anyone know?

weeeeeeeee
>The Bilderberg Group funded Blockstream. On February 3rd, 2016, AXA invested $55 million in Blockstream. At the time of that investment, Henri de Castries was the head of both AXA and Bilderberg Group.
https://www.coindesk.com/blockstream-55-million-series-a/
https://en.wikipedia.org/wiki/Henri_de_Castries
https://en.wikipedia.org/wiki/Bilderberg_Group

>MasterCard funded Digital Currency Group, which funded Blockstream. Note: Glenn Hutchins serves as a board director for both the Digital Currency Group and the Federal Reserve Bank.
https://www.ccn.com/mastercard-digital-currency-group/
http://dcg.co/who-we-are/ (Archive: http://archive.is/6BLgo )
http://dcg.co/portfolio/#b (Archive: http://archive.is/u9e3n )
>Blockstream crippled Bitcoin BTC, to push people towards the Lightning Network:
https://cointelegraph.com/news/bitcoins-possible-privatization-has-blockstream-created-problem-to-provide-solution
>The Truth About Lightning Network:
https://youtube.com/watch?v=UYHFrf5ci_g [Embed]
https://hooktube.com/watch?v=UYHFrf5ci_g
>Larry Summers, the man who started the "war on cash" also serves as "special adviser" to the DCG board.

https://twitter.com/Tom_Horvath/status/949207156338946048
weeeeeeeeee

Bitcoin Clashic is the real Bcash!!

Satoshi's True Vision!!!~1~onetildeone!

https://twitter.com/BitcoinClashic

http://bitcoinclashic.org/

How's life in "sour grapesville" today? Sorry to here bcash got hacked on reddit. Fast and cheap like a 2 dollar hooker= less secure. weeeeeeeeeeeeeeeeeeeeee.

The miners will get plenty of reward LN does not take their reward there will be the opening and closing fee plus any transaction of a considerable amount a LN transaction is not meant for huge value transactions its for lots of lower value ones from the tiniest of micro transactions even sending 1 single satoshi will be possible something BCH cannot do.

As for sending to exchanges to sell if the exchanges accept LN then you will be able to send and sell from your personal wallet in under a second this is much more secure than leaving your funds on an exchange just in case you need it fast if the exchanges happens to be hacked etc then you are SOL

What's segwit2x got to do with core ? they never supported it segwit2x was an attempt by businesses to acquire control of bitcoin

How is segwit a cash grab nobody earns from it you actually save money by making transaction sizes smaller thus paying lower fees and yes it has further advantages such as easy 2nd layer scaling and schnorr signatures etc that will give much greater capacity than segwit alone so instead of requiring a signature for every input you just have a single signature for all inputs saving about 40%

With Segwit and schnorr signatures BTC will be able to store in the current block limit roughly the same amount of transactions that BCH can in a full 8MB block it's about efficiency.

Would you have preferred microsoft to take the easy way out and just make you use your computer with 128GB or ram and a minimum of a 3TB HDD or like they did and made windows more efficient so it can run on 4GB RAM and a 60GB HDD.

Just increasing the blocksize is like taking a car with a 1L engine that can do 100MPH  and replacing it with a 6L and expecting it to do 600MPH.

It's ok saying huge blocks are easy HDDs are cheap you can buy a 6TB HDD that but that 6TB mechanical HDD wont work reliable enough you will need 6TB worth of solid state disk to cope with the throughput and it's not just a matter of downloading the blocks to verify the nodes also need to share this data with other nodes

Imagine a miner has just solved a 1GB block this 1GB block now needs to be sent to another node if there are 200 nodes then the miner either has to simultaneously upload 1GB to 200 nodes (200GB) fast before the next block is found or just a small sample say 20 nodes (20GB) then them 20 have to verify the 1GB and then pass it on say each one does 10 nodes thats 10GB and this needs doing preferably under 1 minute.

While this huge block is being propagated the miner that found the block is already busy solving the next before the others have even got the block nevermind verified it this puts everyone else at a huge disadvantage especially if it takes a few minutes this puts every other miner at a huge disadvantage

not this problem that doesnt exist again, at least 10yrs upto 140yrs...and your solution is to make users pay mega high fees and wait extremly long times for transactions today!..(or set up a tab)
also if core cared so much about the miners they wouldnt have taken the piss out tof them by lying about segwit2x and more....so please spare us the "we care about the miners future crap"

trust me users are not going to set up ln or other complex unproven tech, esp when there are far better, easier choices like BCH that they can use today.
You should be grateful Bitcoin cash forked a day before segwit was put in permanently to infect the btc chain.
I see it as a rescue operation , not a cash grab...
segwit is a cash grab, an attempt to control all of crypto through a company...this is wrong.

tek..who are you?, your motives are becoming clearer ever time you post, ...you are part of blockstream somehow arent you.

I think it is good idea.

I am not down for Bitcoin cash it is a straight up money grab from big whales wanting to double up nothing more

There is no long term future the miners need fees to survive and Cash is going out of there way to make it cheap to use now they are compensated in block rewards but what happens in like 10 years when the block reward becomes closer to 1.5BCH and fees start to become much more relevant to keep security and if the rumor is true that BCH is going to HF again to reduce fees from 1sat/1b to 1 sat/10b then miner rewards get even lower there will just be no incentive to carry on mining with the same security level making the network much weaker overall in this scenario there are only a few of things that will help

1. There is a HUGE increase in on chain transactions you will need probably 1 million transactions per block to keep the security level
2. You gain HUGE in value way above BTC like 10x its value
3. You HF again increasing the 21m coin cap to create more miner subsidies inflating the coin supply and going against everything bitcoin ever stood for

clutching straws m8...however if you want to consider clahsic as real btc then thats fine by me...its a scam as its not listed or followed by anyone..except a few blockstreamers trying to cause problems as usual.

admit it, your down to Bitcoin cash and you know it 

So the one that you started off shouting is the real bitcoin is now a scam even though it is unchanged in anyway and you you are now claiming a forked coin of this is the real bitcoin

What changed with clashic to cause it to not be the real bitcoin anymore and a scam may I ask because it is 100% what bitcoin cash was the day it forked

Clashic fits everything in your checklist as to being the real bitcoin

1. Exactly the same as bitcoin cash the day it was born (bitcoin Cash changed the rules clashic is preserving the original vision of jihan & friends)
2. It's the longest chain

Hi,

If somebody looking for bootstrap.dat, there is one now: https://seednode.ddns.net/~bcc/ compressed with LZMA. Uncompressed size about 130GB. Uptodate: 03.01.2018.

Best Regards,
Rossen

bcc/bch: 1A6PHT5qnTPLGY5LSgaA9AbsRJqDBS6jqG

so 15 of your forked coins cannot claim to be REAL bitcoin..ever...they are all scams, imo inc btg & claschic

now the remaining 3, BCH, btg and clashic.
Out of the 3 segwit free coins, which one had no premine,never changed the orginal algo and was distributed fairly to all old btc holders?

Bcash Clashic was Roger's true vision.

Just Cash and Clashic if you wanna call that a fork since its just the old EDA chain which is currently the longest chain and yes it has overtook the BCH chain

I don't know if all took place though I know a some have and I can view by balance on their block explorers

^ how many from this list forked before segwit was put in?