[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 383.

tekmobile

full member

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Quote from: anon1 on December 07, 2017, 12:08:58 PM

LN, Thunder, sparks.. Cheesy

"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."

"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.

So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess."

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f

Most likely these "super nodes" as you speak of will most likely be ran my mining pools as they usually have a huge amount of BTC and will allow them to collect fees even without having to find and solve blocks

anon1

newbie

Activity: 50

Merit: 0

LN, Thunder, sparks.. Cheesy

"Blockstream is a company founded in 2014 by Adam Back, who currently employs most bitcoin core developers."

"Wait? Isn’t the lightning network decentralized?

Because of how the lightning network, nodes and payment channels work — there is an incentive to use the fastest and cheapest hub with the most connections to other nodes. Merchants will incentivize customers to use “super nodes”. These “super nodes” may start small like a “Sydney local transaction node”.

So these “super nodes” could become very large, and who knows what will happen with that. Will they be controlled by the government? Could a fractional reserve banking arise again? Many bitcoin core support argue that it’s very unlikely — but it is a possibility.
Asking these questions about the lightning network on bitcoin communities leads to almost NO responses, because nobody knows how exactly it’s going to play out. Not even the Lightning Labs CEO. It’s still a work in progess."

- https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: tekmobile on December 07, 2017, 11:33:16 AM

Quote from: Lauda on December 07, 2017, 11:06:19 AM

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC. Cheesy

I feel a lot of trust and faith will be lost by the pure speculators and traders hoping to make a quick buck

Looks like, Lightning Network was the last nail in bcash's coffin. (and Roger's)

Those new miners coming in 2018 will do the exact same thing to Bitmain.

anon1

newbie

Activity: 50

Merit: 0

^^lols

As the Bitcoin.com wallet approaches 1M installs, yesterday was the first time in its history that people used it to make more BCH transactions than BTC. - https://www.reddit.com/r/Bitcoincash/comments/7i6clx/as_the_bitcoincom_wallet_approaches_1m_installs/

BTC Slugwit about to hit 200k unconfirmed tx Shocked

yikes!! "Coinbase Card payment unavailable as Unconfirmed Transactions hit almost 150k."- https://www.reddit.com/r/BitcoinAll/comments/7i5xl2/coinbase_card_payment_unavailable_as_unconfirmed/

Quote from: ?? on ??

Quote from: Mrpumperitis on December 07, 2017, 03:54:22 AM

Partnership Will Focus on Bitcoin Cash

The joint statement continued that the two firms will focus on developing systems for Bitcoin Cash, but will support various cryptocurrencies.

https://bitsonline.com/sbi-bits-nchain-bitcoin-cash/

Both SBI Group and nChain Group share a commitment to massive on-chain scaling of the bitcoin network, in order to create a network that powers faster transactions with low fees, makes confirmation times reliable once again, and achieves enterprise-level capabilities.

It took a swipe at Blockstream and Bitcoin Core (though without naming the two groups directly), calling the 1 MB block limit on Bitcoin “artificial”.

They believe that the Bitcoin Cash chain reflects this vision better than the original bitcoin chain (because Bitcoin Cash has a larger initial default block size of 8 MB, compared to the artificial 1 MB block limit on the original Bitcoin chain, and has plans to lift the block size even further with appropriate testing). Although SBI Group’s new ecosystem will support various cryptocurrencies, it will allocate resources to supporting Bitcoin Cash.

Both Kitao and nChain Group CEO Jimmy Nguyen went on to say they believe Bitcoin Cash represents Satoshi Nakamoto’s original Bitcoin white paper vision.
Nguyen added “Bitcoin Cash is the true Bitcoin”.
Bitcoin Cash Getting a Big Push in Japan

Bitcoin Cash coordinated merchant adoption campaigns and new meetup groups, there seems to be a push underway for Bitcoin Cash in Japan in particular.

SBI BITS’ parent company SBI Holdings and its subsidiaries been involved with Bitcoin for over a year now. In October 2017 announced it would acquire cryptocurrencies by sales and mining directly — for use in remittance, trade finance and payments.

It has also invested in exchanges bitFlyer and Kraken, and also joined with Ripple in 2016 to form SBI Ripple Asia.

SBI BITS formed in 2015, with a mission to handle SBI’s fintech strategy.

wow never knew SBI were so involved with BCH Grin

20 Sep 2017
FIN/SUM talk by SBI CEO 1/ He made SBI Crypto before BCH fork. He will take 30% share in BCH mining.
https://twitter.com/ETHxCC/status/910706407401328640
Japan's SBI CEO doesn't want to mine BTC only Bitcoin Cash: "He will take 30% share in BCH mining"

now 110% confident BCH will be on SBI and not btab ....WOWOWOW Tongue

this is great news Cool

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Lauda on December 07, 2017, 11:06:19 AM

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC. Cheesy

I feel a lot of trust and faith will be lost by the pure speculators and traders hoping to make a quick buck

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

RIP all the fools that were bamboozled by bcash scammer Roger Ver and ended up buying at a rate of >1 BCH/0.3 BTC. Cheesy

tekmobile

full member

Activity: 392

Merit: 154

Quote from: serby10101010001100010 on December 07, 2017, 09:54:33 AM

Quote from: tekmobile on December 07, 2017, 08:21:20 AM

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Is that all you have left now cos any argument and that's all you seem to pull out

Every alt outperforms Bitcoin but etherium is lagging though even with fast uncapped blocks due to high network volume cos of those damn crypro kitties whatever they are lol can't say I've even had enough interest to even look

I'm not into eth, even tho it's the second market cap coin, but not so long ago, you seemed to be vey interested in btg I believe...

Im not into eth either but I think it has no caps on blocksize and there is this crypto kittie thing going on no idea what it is but it's apparently causing a shit ton of on chain transactions which is probably something to do with the recent price hike but it's crippling the eth network making it congested and unusable

And I still have some BTG not loads though just over 2 BTG

svennnny

member

Activity: 182

Merit: 17

Bitcoin reaching over 16K on GDAX !!!! Tongue

BCash almost dropping below 0.8 compared to BTC !

Diego24

hero member

Activity: 644

Merit: 501

Quote from: serby10101010001100010 on December 07, 2017, 09:58:46 AM

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

CME is 18 december. 10 december is from the other ones. However 10 december is on a sunday so I think it will be for the next day. But anyway, if BTC gets shorted, than Bitcoin Cash and almost all other alts will crash harder.

Diego24

hero member

Activity: 644

Merit: 501

Quote from: svennnny on December 07, 2017, 09:24:32 AM

weeeeeee 15K https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

Novogratz also predicted last week that bitcoin could reach $40,000 by the end of next year. Too the MOOOOOOOOON Cheesy

Get rid of Bcash before it isn't worth anything you have been warned Cool

You are nuts. Bcash is backed by very big players and still has a small marketcap. For BTC to go to $40.000 is less than x3. If Bcash goes x3 it didn't even hit 100B marketcap. Upwards potential for Bcash is much higher than BTC even if BTC stays the number 1 coin.

hardalisas

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Activity: 294

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Quote from: svennnny on December 07, 2017, 10:19:24 AM

Quote from: serby10101010001100010 on December 07, 2017, 09:58:46 AM

Quote from: European Central Bank on December 07, 2017, 09:12:00 AM

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

Let's see how it will go past $20.000 Grin

I guess it is very possible that 20,000 will be reached around Dec 10.
It is also possible that it will meet big correction then.

svennnny

member

Activity: 182

Merit: 17

Quote from: serby10101010001100010 on December 07, 2017, 09:58:46 AM

Quote from: European Central Bank on December 07, 2017, 09:12:00 AM

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

Let's see how it will go past $20.000 Grin

serby10101010001100010

full member

Activity: 168

Merit: 100

Quote from: European Central Bank on December 07, 2017, 09:12:00 AM

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

let's see how this btc raised bar will hold on december 10th, when cme group and wallstreeters short the hell out of btc and dump it back to where it belongs

serby10101010001100010

full member

Activity: 168

Merit: 100

Quote from: tekmobile on December 07, 2017, 08:21:20 AM

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Is that all you have left now cos any argument and that's all you seem to pull out

Every alt outperforms Bitcoin but etherium is lagging though even with fast uncapped blocks due to high network volume cos of those damn crypro kitties whatever they are lol can't say I've even had enough interest to even look

I'm not into eth, even tho it's the second market cap coin, but not so long ago, you seemed to be vey interested in btg I believe...

svennnny

member

Activity: 182

Merit: 17

weeeeeee 15K https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

Novogratz also predicted last week that bitcoin could reach $40,000 by the end of next year. Too the MOOOOOOOOON Cheesy

Get rid of Bcash before it isn't worth anything you have been warned Cool

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

apart from ethereum right now and every alt that ever gets some eventual and actual use. bcash will be no different. the bar is raised but it can be reached pretty easily. nothing out there right now scales. the stuff that does claim to scale should not be trusted.

Diego24

hero member

Activity: 644

Merit: 501

Quote from: Neversettle on December 07, 2017, 08:25:23 AM

With BTC going parabolic hardmode, there is no real chance for any other coin to keep up with

Yep. Yesterday more people in altcoins started to realize this and the more time goes by the more people will realize this and dump their alts for BTC ... and this will fuel the BTC price increase even more. Epic fomo will make BTC go super insane and then it will collapse.

Neversettle

member

Activity: 308

Merit: 13

ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY

Quote from: moonriver on December 07, 2017, 08:09:12 AM

Quote from: bribed on December 07, 2017, 07:48:09 AM

Bitcoincash hype seems to be settling again as its value is dropping. I understand that people wanted to make a quick buck and hoped that it would reach some thousands if enough people hop on the train. But clearly the real BTC outperformed it so easily. Its a pity for those that bought BCH late (and for their BTC) and now are bag holding with losses will BTC is going to reach $20,000 soon.

Almost every altcoin is outperformed by bitcoin. Bitcoin cash is just one of them.
Bitcoin cash is dropping just because Bitcoin hype is not over yet. Give it some time, it has big potential to grow.

With BTC going parabolic hardmode, there is no real chance for any other coin to keep up with

tekmobile

full member

Activity: 392

Merit: 154

Quote from: serby10101010001100010 on December 07, 2017, 08:13:03 AM

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Is that all you have left now cos any argument and that's all you seem to pull out

Every alt outperforms Bitcoin but etherium is lagging though even with fast uncapped blocks due to high network volume cos of those damn crypro kitties whatever they are lol can't say I've even had enough interest to even look

serby10101010001100010

full member

Activity: 168

Merit: 100

https://blockchain.info/unconfirmed-transactions
amazing, speaking of outperforming btc, I see it would be very hard for alts or BCH to achieve that

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 383. (Read 704412 times)