Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 366. (Read 704412 times)

link that shows SDR's are valued at $42.22 per troy ounce of internationally earmarked gold.  link: https://www.federalreserve.gov/releases/bulletin/1208assets.htm
still doesn't tell us what an SDR is..

Here is some allegory on the power of a clearing house.  Add in pure fiat and any economy can be turned around in a matter of weeks!

For the umpteenth time - Bitcoin Cash has no reason to support Visa-scale transaction volume until such time as demand for transactions reaches Visa scale (is that a tautology?). If we somehow hit that next year, I'll be more than happy to store 56 TB of data that year. Of course, even in the most wildly optimistic scenario, Visa-scale demand is still several years off.

On the good news about applications, if BCH can make a breakthrough in payment applications, there will be an advantage in all digital money sectors

On December 15 the largest bitcoin payment processor in the world, Bitpay,
announced it will now process payments for multiple blockchains.
The first decentralized currency Bitpay has opted to utilize will be bitcoin cash.
Bitpay has made an announcement that’s sure to please bitcoin cash (BCH) supporters as the firm has announced BCH payment processing. This means Bitpay’s merchant invoices and card load ups can be paid in bitcoin cash as soon as the company finishes integration.
more info: https://news.bitcoin.com/bitpay-plans-to-use-bitcoin-cash-for-payment-invoices-and-debit-loads/

Yeah they came out with a credit card recently that allows you to pay in local fiat anywhere while drawing from the digital money account.

Of those who have tried it I heard good feedback so far!!!

BCH is not moving up even if dream market and bitpay accepts BCH, which is quite weird. When ltc was accepted by steam, the price made 4x pump, when will BCH have another 4x pump?

Sorry, but this video did little to persuade me either way. Yes, I acknowledge that Blockstream is in it to try and make a buck. However, I think almost 99.999% of the people in the cryptocurrency subculture are trying to make a profit. Which is why I really do not fully trust anyone in this space except myself.

https://bitcoinist.com/bitpay-add-support-bitcoin-cash-cryptocurrencies/
BitPay is one of the most popular Bitcoin payment processing companies in the world. Today, they announced support for more cryptocurrencies, starting with implementing Bitcoin Cash to their payment platform and debit cards. BitPay plans on fully activating the change before the end of the year.

yea i saw that vid before, its very informative.
Thanks for your current thoughts on what you think is happening, i agree with some(1gb blocks are a long way off) but disagree with some too lols
lots of work has still be be done , crypto cant stop, it evolves and improves with time.

segwet is giving far to much control to blockstream over the whole crypto ecosystem, people are discovering this and avoiding segwit, crypto businesses and exchanges will not adopt segwit either as their entire business is at stake. Everthing that everyone worked hard for , to get as far as we did, then just hand it all over to blockstream...No chance.

i think lighting is trying to steal crypto tech from us, esp after i watched this today , How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost=
Your words could do it...try it, what ya got to lose bro? lol

     I highly doubt some words from me is going to send the BCH price to $6K.  However, here goes my current thoughts on BCH.
     After watching this video:
https://www.youtube.com/watch?v=5SJm2ep3X_M&feature=youtu.be
I have come to the conclusion that on-chain scaling is indeed feasible. My previous objections were that it takes pools too long to verify transactions. Therefore, 1GB blocks would result in many empty blocks being mined. However, after watching the video, it appears they are working on optimizing the way that the mempool is handled by a mining node. However, I still have misgivings about 1 GB blocks since this would require a node to have the storage capacity of over 50tb per year.  At this time, I believe this would cause a barrier to entry for small start ups that require a full node be run. (New exchanges, information services, mining pools etc.)           
     My general view on Segwit. It appears to have solved the transaction malleability problem. However, to the layman, such as myself, it appears to be A Rube Goldberg machine kind of way to solve the problem. I am not convinced that there is indeed a vulnerability that allows miners to steal your segwit coins. A white hat demonstration of this attack on a testnet would be required to convince me otherwise. Naturally a black hat demonstration on the mainnet would convince me too, but would not be ideal.
   My general view on Lightning Network: It does appear as a viable solution to solve the scaling issue. However, to the layman, it appears to be a Rube Goldberg machine kind of way to solve the problem. I am not a coder, but it seems the Bitcore Core and Blockstream team are more interested in doing coding gymnastics and showing off their skills and not applying the KISS principal at all. However, since I do not know how to code, I could be dead wrong in my assessment.

Thanks for an honest reply there m8....had to squeeze it out of you,lols
i was sure you were interested in BCH as you ave been here from day1, but it is gd to hear you actually say saying, you find BCH fascinating...
as for your apathy as a seal of approval...of course it is, you underestimate your influence, when you are being serious, you contribute alot.
so Mr Bones...when will you give BCH your seal of approval?... soon as you do watch it fly over $6k 

And you really don't see me post anything overly positive about segwit or Blockstream either. Do you really think my general apathy is a seal of approval?
By the way, a personality type is not a disorder anymore than blood type is a disorder.
Here is a little quote from the article that I linked.
Therefore, you should take what I post with a grain of salt and realize there is an underlying debate going on. In reality, I find BCH quite fascinating. Otherwise, I wouldn't be spending any time constantly putting it under serious consideration. You really think that I am going to spend any time discussing something that I have no interest in whatsoever?

riiight, So your opinion changes quite frequently and is never static...hmmm
thing is you have only had one opinion about bch from day1 really...you have never shown any kind of proper support towards BCH afaik.
Then theres the bones i see on the other forums...again i never see you say anything negative about segwit and blockstream...
hmmm, so is this disorder of yours , selective lol...


im still curious on what information will make you change your opinion, albeit a possible temporary change of opinion

I have an INTP Meyers Brigg personality type. So my opinion changes quite frequently and is never static. 
It is likely that I will never be utterly convinced with an opinion that will never waiver.

Time to buy more BCH before it goes up to another level 

Mega buy support and big buy walls are about to appear 

no probs m8...your unpaid, i believe you ...if you do seek any payments, i hear lauda is the person to contact lols

Im curious what information will change your opinion? ...
afaik, there is enough info available for sensible people to understand blockstream is not providing the solution that the majority of crypto users require...BCH is  

also those anti-bank people/traders that are supporting segwit, makes no sense to me at all lol
is it because they dont know who pays blockstream or is it because they are just simply stupid...i really dont know  

done bought beecash at prices upwards of .5OBTC in korean exchange will i be ok lol

Unfortunately, no payments have been flowing my way from Blockstream or anyone else. So suspect that I am some kind of "shill" all you want, it cannot be further from the truth. I am only voicing my current opinion at the time, which is subject to change once I obtain more information.

if you recall, i was one of the few that defended you when others were calling you a shill...
however i recently have noticed a change in your tone on this thread...which makes me think, maybe the others were right and i was wrong about you....
anyways, doesnt matter, shill,troll or not , BCH is becoming more popular with each passing day.

i sold now it will have room to breathe \_@@_/ :\ good bye beecash \\\\ timberrrrr