Author

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 364. (Read 704412 times)

full member
Activity: 281
Merit: 100
Yes, there is the capability of doing a 51% attack on Bitcoin Cash with the current available hash for SHA-256D. However, the person most likely to be able to pull that off at the moment is Jihan Wu. Since he is a big supporter of Bitcoin Cash, there is probably a bigger chance that I will win the jackpot on Powerball 52 times in a row.
I am more concerned about the backdoor most recent Antminers have.
I also discard the possibility of a Bitcoin Cash 51% attack (no interest of the founding party to hurt the business), still can imagine an attempt to attack the Bitcoin chain - pools affiliated to Bitmain have 48-55% of total hashrate on average.
If the Antbleed backdoor is activated, Bitmain can switch off selectively a large portion of the SHA256D network and the online miners will have leverage to perform a 51% attack.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
Everycoins below 1$ skyrocketing , ADa Tron Xvg bts ....
BCH is too expensive to be pumped Grin

BTC is 10 times more expensive than BCH and is pumped like crazy, so apparently the price isn't that important for pumpers  Grin
Since BTC's utility is now degraded, its survival seems to depend solely on high price and high fees which keep attracting miners.

hero member
Activity: 1022
Merit: 507
Everycoins below 1$ skyrocketing , ADa Tron Xvg bts ....
BCH is too expensive to be pumped Grin

BTC is 10 times more expensive than BCH and is pumped like crazy, so apparently the price isn't that important for pumpers  Grin
Since BTC's utility is now degraded, its survival seems to depend solely on high price and high fees which keep attracting miners.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
Vitalik Buterin‏Verified account @VitalikButerin
https://twitter.com/VitalikButerin/status/930276246671450112

1. I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork.
2. Theymos's censorship.

Mr VB knows exactly whats going on, hes spot on for both points.
thanks bro ,  Smiley

https://www.reddit.com/r/btc/comments/7k9re6/because_bitcoin_cash_is_effectively_bitcoin_thug/   CNBC


 Haipo Yang‏ @yhaiyang (via)
https://twitter.com/yhaiyang/status/941844039938146305 15 Dec 2017
Bitcoin Cash is Bitcoin, not IFO. I am not Bitcoin Cash created, just one of many big block supporters.



Emil Oldenburg‏ @emilolden
CTO of http://Bitcoin.com . Co-founder of @SafelloAB
https://twitter.com/emilolden/status/942031197785399296
My prediction: After January 2018, BTC will seldom be used for commerce and most will adopt BCH or other cryptos.
16 Dec 2017



http://www.trustnodes.com/2017/12/08/sbi-group-backs-bitcoin-cash-used-globally-daily-payments
http://www.sbibits.com/download/Press_Release_SBI%20Group_nChain_strategic_partnership_EN.pdf
[PRESS RELEASE]
SBI BITS and nChain Announce Strategic Partnership
to Support Cryptocurrency Security and Bitcoin Cash










More than a contender for the name since only coin with the function that is behind the name.  And similarly core coin should not have the word in even the same sentence since it is material misrepresentation, misleading and therefore fraudulent in nature because it is in name only. 
legendary
Activity: 2758
Merit: 1075
This video was recommended to me by a friend...im glad i watched it..
https://www.youtube.com/watch?v=XCVaabu3J04
Decentralized Truth
aantonop
Published on 16 Dec 2017
In this talk, Andreas explores the confusion and instinctive disbelief from newcomers about how open, decentralized cryptocurrencies can scale and grow in value without the finality of approval from authorities.


old skool andreas, excellent speech.  Smiley

legendary
Activity: 2758
Merit: 1075
 Vitalik Buterin‏Verified account @VitalikButerin
https://twitter.com/VitalikButerin/status/930276246671450112

1. I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork.
2. Theymos's censorship.

Mr VB knows exactly whats going on, hes spot on for both points.
thanks bro ,  Smiley

https://www.reddit.com/r/btc/comments/7k9re6/because_bitcoin_cash_is_effectively_bitcoin_thug/   CNBC


 Haipo Yang‏ @yhaiyang (via)
https://twitter.com/yhaiyang/status/941844039938146305 15 Dec 2017
Bitcoin Cash is Bitcoin, not IFO. I am not Bitcoin Cash created, just one of many big block supporters.



Emil Oldenburg‏ @emilolden
CTO of http://Bitcoin.com . Co-founder of @SafelloAB
https://twitter.com/emilolden/status/942031197785399296
My prediction: After January 2018, BTC will seldom be used for commerce and most will adopt BCH or other cryptos.
16 Dec 2017



http://www.trustnodes.com/2017/12/08/sbi-group-backs-bitcoin-cash-used-globally-daily-payments
http://www.sbibits.com/download/Press_Release_SBI%20Group_nChain_strategic_partnership_EN.pdf
[PRESS RELEASE]
SBI BITS and nChain Announce Strategic Partnership
to Support Cryptocurrency Security and Bitcoin Cash








legendary
Activity: 2758
Merit: 1075
Everycoins below 1$ skyrocketing , ADa Tron Xvg bts ....
BCH is too expensive to be pumped Grin
refer back to my whale games post lol
full member
Activity: 252
Merit: 100
Everycoins below 1$ skyrocketing , ADa Tron Xvg bts ....
BCH is too expensive to be pumped Grin
legendary
Activity: 2758
Merit: 1075
BCH is undervalued a lot right now.
usual whale games, supress the gd coin, (shake out the weak at low prices)...pump a few other coins(lure in the weak at high prices)
then....BAM...other coins dump and all the profits go into buy cheap BCH  Grin Grin Grin Grin
it seems you are right. so the best way is just hold BCH for long.
the suppression is about to go, they cant keep it this low anymore...
something big is happening right now...
https://www.reddit.com/r/btc/comments/7k90t0/bch_overtakes_btc_in_terms_of_blocksize_in_use/
–]peterhendrick 19 points 9 hours ago
It's true!!!
Check out this block! 2MB, 1096 txs!!
And someone moved $45 Million dollars for a fee of less than a penny.
https://bitcoincash.blockexplorer.com/block/000000000000000003a6f13caf4ca639da81cadef62a961ba6dff10c16f2a5bb
full member
Activity: 252
Merit: 100
BCH is undervalued a lot right now.
usual whale games, supress the gd coin, (shake out the weak at low prices)...pump a few other coins(lure in the weak at high prices)
then....BAM...other coins dump and all the profits go into buy cheap BCH  Grin Grin Grin Grin
it seems you are right. so the best way is just hold BCH for long.
legendary
Activity: 2758
Merit: 1075
BCH is undervalued a lot right now.
usual whale games, supress the gd coin, (shake out the weak at low prices)...pump a few other coins(lure in the weak at high prices)
then....BAM...other coins dump and all the profits go into buy cheap BCH  Grin Grin Grin Grin
full member
Activity: 252
Merit: 100
BCH is undervalued a lot right now.
hero member
Activity: 700
Merit: 501
legendary
Activity: 2758
Merit: 1075
BCH is about to...
Cool
legendary
Activity: 1806
Merit: 1828
I have a question on Bitcoin cash.
Bitcoin has good amount of hash rate what if some of them planned a 51% attack on Bitcoin cash? What would happen to Bitcoin cash? Is this some of kind of a serious issue to worry about. I'm thinking this might be serious but interested to know what some experts say.

Yes, there is the capability of doing a 51% attack on Bitcoin Cash with the current available hash for SHA-256D. However, the person most likely to be able to pull that off at the moment is Jihan Wu. Since he is a big supporter of Bitcoin Cash, there is probably a bigger chance that I will win the jackpot on Powerball 52 times in a row.
newbie
Activity: 42
Merit: 0
I have never understood the Bitcoin community pointing fingers to other projects about how centralized they are, while they are centralized themselves. The proof is the claim that miners attacked Bitcoin during the Bitcoin Cash pump a few weeks ago. If Bitcoin truely was decentralized than miners could not have slowed down the network by moving over to Bitcoin Cash. When Ethereum was having problems of slow transactions during high volume transactions, they were also the first to point that out and laugh at Ethereum. However, Ethereum solved the issue pretty fast and are having way more transactions than Bitcoin at the moment at 100 times lower fees. But Bitcoin has not resolved these issues and issues only have become worse but they will never talk about that. Looks like they only see a real problem when other projects are struggling with something. When their own project is struggling then they don't care about. The only argument being: look at the price. Well, the Bitcoin price is clearly too high for what the network is really worth at the moment. The price is only supported by a bunch of idiots understanding nothing of crypto and throwing all their life savings into it. From a technological point of view Bitcoin is probably not even the best coin in the current top10.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
member
Activity: 588
Merit: 10
BCH price is about 10% of BTC, I hope soon to match BTC and marketcap immediately reach number 2 after BTC.
hero member
Activity: 1106
Merit: 501
www.bitcoin.org
I have a question on Bitcoin cash.
Bitcoin has good amount of hash rate what if some of them planned a 51% attack on Bitcoin cash? What would happen to Bitcoin cash? Is this some of kind of a serious issue to worry about. I'm thinking this might be serious but interested to know what some experts say.
full member
Activity: 742
Merit: 102
this is a very big project. This project has become a very successful project today. this project will continue and will be a bigger project in the future. I will oversee this project and will continue to monitor its progress.
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