Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 354. (Read 704412 times)

Could we rename this coin bitcoin crash instead cash, today look like is going down quite a lot

Hi everyone congrats those who gain profit from BCH. Unfortunately I was on job I didn't get it on time.

Is this still right time to buy it and hold for long term.

Thanks

I address all opponents of Layer2 mechanisms.

Bitcoin transaction protocol is very similar to roads. For my comparison, I will make the following assumptions:
individual, passenger/driver = 1-to-1 transactions
carpooling = 1-to-many transactions
fee in sat/byte=potential car speed or speed-denominated lanes (40 mph, 55 mph, 70 mph, 80 mph)
Like the road's main function is to allow the transportation of people and goods, Bitcoin's function is to transfer value and messages from individual to individual.
Let's assume economic growth, i.e. increased demand - the transportation intensity increases. The individual faces 3 choices and infrastructure has to cope with:
1. drive faster and more often - it's more expensive and has environmental costs; road maintenance cost rises due to increased usage;
2. drive larger vehicles - similar; similar and new lanes are required=additional CapEx;
3. pool with other participants - marginal costs decrease, improved efficiency; reduced CapEx compared to p. 1-2.
After some period, the transportation flow is so dense, that p. 3 reached its peak efficiency. Cars collide, intersections are overloaded, people and cargo reach their destination with delay. Whenever a scaling issue appears it can be solved:
a) Extensively - building new lanes and enlarging intersections. This is the preferred argument of dumb people, that don't care about efficiency - "I need space for my wide body car, even though I am driving alone" (rednecks with Dodge RAM 3500, hello!). In blockchain it equals to larger blocks.
a1) Extensively - increasing speed limit and building new lanes. With increased speed limit and lack of discrete infrastructure, more accidents will happen and the energy consumption will also increase (drag is proportional to the speed square, hence poor energy efficiency). Increasing speed limit=faster block time, more lanes=bigger blocks.
b) Intensively - prioritizing lanes, adding fast lanes, roundabouts and multilayer intersections and the most important, introducing public transport with dedicated infrastructure: trains, subways, Bus Rapid Transit, even pneumatic tube transport or HyperLoop. All these improvements have marginal benefits, as unitary cost of moving 1 person or payload decreases and security increases.

In blockchain, I view similar concepts in:
Lightning Network - value transfer between related parties, with the clearing of the final output;
SegWit - similar to buses and trains that transport a group of people, SegWit groups transactions together and deliver them faster, cheaper;
Child chains and off-chains - private roads or transportation means within a closed group;
Privacy features (Tumblebit, Sphinx) - the random taxi you take to the motel  

Before debating me, please check the traffic flow simulation - extensive vs intensive scalability:
https://www.youtube.com/watch?v=yITr127KZtQ

it could be also price manipulations my 2 cent

try bitcore (btx)  and you will see who's the real Bitcoin

Utter BS. Roger and Jihan were the main people to push the Bitcoin Cash forking.
ViaBTC, Ver's pool, was initially among Bitcoin New York Agreement signers, that supported SegWit2x. ViaBTC announced on 17 July that they support the concurrent chain and started trading BCC (IOU at that phase) on 22 July, i.e. they effectively broke their endorsement.
If not Ver and his marketing effort, Jihan alone would not have been able to push Bitcoin Cash 3 times above 0.1 BTC/BCH ratio. This manipulation will roll as long as people bite the bait.

Don't be too greedy. It's good for 250$to get to the 450$band. There is a lot of money in the capital market, and it doesn't mean it's yours.

I downloaded electroncash wallet, but it was deleted by Norton immediately. Why is that?

Guys how many of you did buy bitcoincash at 0.29btc?

It's Just a minor market correction. The value should be back up in little to no time. Incase you didn't notice, Everything has been going down (Not so much though)



Sorry man, Nothing is able to predict the Crypto market due to the high volatility. I remember selling off my BCH coins at $1200. At the end of the day, We just have to accept it and keep moving forward. Goodluck with your future decisions

what happens to bitcoincash is at 0.187, yestarday it was a 0.29? crash?

Trading is actually digital from every point of view, the fact that bots can do margin on automated curse is just annoyng.
These should not be accetable on exchangers to be running as naive traders are likely losing money against bots.
That being said, is really good, it almost doubled the price and is getting listed in every exchanger around.

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

you guys just got added to coinbase, nice

Bots and stop (buy ) loss orders in short squeezes do exactly this - guess nobody could handle this manually - trading is getting digital as well .

BCH is the real bitcoin, I believe it will be achieved.

This "digital gold/store of value" meme has gone unchallenged long enough. As others have said, there is no such thing as a "pure" store of value. The closest thing to that historically has been gold, but gold has 101 reasons why it is in fact a valuable commodity. Gold is used in manufacturing and jewelry making, and it is not very reactive so it's hard to destroy accidentally by burning. It's also very dense, making it convenient to carry a large amount of value. Furthermore, it's malleable, allowing it to be split up into tiny pieces without losing much of it (it can be hammered to 1/50000th of an inch thick, etc.). Finally, it looks bright and shiny (don't underestimate human psychology).

None of these things can be said about BTC. It's just a global electronic ledger that nobody is sure how to value in relation to fiat money. Who developed it and why is not important, the question is "WHAT PURPOSE DOES IT SERVE"? For this we refer to Satoshi's whitepaper, which has absolutely no mention of second layers and/or Segwit. His paper says it's "peer to peer electronic cash".  Which is what BCH is now, NOT BTC.

how to claim BCH from bitcoin core wallet?
I don't wanna export keys which will take too much time.

It's also not dump, btc increase or decrease several thousand dollars is normal. This time people investing in altcoin will be more profitable than bitcoin.

BTC is not dumping. If you think a gentle -13% setback is 'dumping', you're gonna have a hard time here in cryptoland. BTC is merely retracing a bit. Quit panicking. After a several-X rise in short order, it is only to be expected.

I don't know any roger coin. If you really mean to ask why Bitcoin Cash is rising, it is because Bitcoin Cash provides all the utility that Bitcoin Segwit provides, plus Bitcoin Cash also supports all the utility that Bitcoin used to provide, before Core threw it overboard in their insane Raspberry Pi fetish.