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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 559. (Read 704812 times)

full member
Activity: 392
Merit: 154

hardly the "ehrmagerd hyperinflationz" that Kore fans screamed about.


This was just IF there was nothing done about it and the EDA Fix HF should hopefully fix this unless there is some other vulnerability found and then allow for more stabilised hashing across all chains it did not just affect BCH but core too that's why it was made a big deal
hero member
Activity: 686
Merit: 504


Why would the miners lie about their intent to mine 2x?


The generals(pool operators) may all be signaling, but the mercenaries(independent miners) are free to switch to whatever side they care to. As demonstrated with BCH, many independent miners are going to switch to what is profitable. The independent miners are not serfs bound to their lords....

I thought that BCH was "jihan-coin" and it was controlled by the Chinese miners? Now suddenly miners are independent actors? So only BTC is "decentralized" despite the development being controlled by a corporation?

There will be no profiting from "holding both coins" during the 2x fork, other than from shorts and longs on the price swings on BCH and 2x when 1x dies and Kore is finally fired. Nobody will "own both coins" for more than a week or two. Then it remains to be seen what happens with the BCH/2x price differential.

WTF dude? My main complaint about BCH has always been about the effects the EDA had on the mining. I always thought the "vulture miners" were independent miners. I also think the magical mystery miners are farms controlled by Jihan. However, with the BCH hardfork coming up, my main objection to BCH may be eliminated. It appears that my objections to the EDA have been spot on since the BCH development team is in total agreement and fixing it.
Also, I think some of my posts lately have been rather pro Bitcoin Cash. After all, I compared the upcoming segwit hardfork to the sinking of the Titanic and stated BCH could be compared to a life boat. Kiss
So give this skeptic a little slack, Bro.  Roll Eyes


Sorry if I mistook you for a "Kore kopy/pasta". My point was merely that either mining power is independent or it is captured, it can't be both.

You and others were correct that EDA caused a bit of excess coin emission and a few extra blocks. It really was quite exaggerated. Right now there are less than 100k more BCH in circulation than BTC, hardly the "ehrmagerd hyperinflationz" that Kore fans screamed about. The BCH block intervals were a little weird, again I never heard a report of anyone waiting for a transaction to confirm more than 12 hours.

Finally, the irony of the people screaming about EDA (not saying you) is that they mostly fail to see the massive vulnerability in BTC that EDA fixes... and that will be coming crystal clear next week...
newbie
Activity: 22
Merit: 0
YEAAAH . i like it. 100% it will be hyped.
member
Activity: 118
Merit: 10
bitcoin -bct rising up $7577  and follow is bitcoin cash , it so awesome .

BCH is falling against BTC, (and against USD)

10% fall against BTC in a day.
legendary
Activity: 1806
Merit: 1828


Why would the miners lie about their intent to mine 2x?


The generals(pool operators) may all be signaling, but the mercenaries(independent miners) are free to switch to whatever side they care to. As demonstrated with BCH, many independent miners are going to switch to what is profitable. The independent miners are not serfs bound to their lords....

I thought that BCH was "jihan-coin" and it was controlled by the Chinese miners? Now suddenly miners are independent actors? So only BTC is "decentralized" despite the development being controlled by a corporation?

There will be no profiting from "holding both coins" during the 2x fork, other than from shorts and longs on the price swings on BCH and 2x when 1x dies and Kore is finally fired. Nobody will "own both coins" for more than a week or two. Then it remains to be seen what happens with the BCH/2x price differential.

WTF dude? My main complaint about BCH has always been about the effects the EDA had on the mining. I always thought the "vulture miners" were independent miners. I also think the magical mystery miners are farms controlled by Jihan. However, with the BCH hardfork coming up, my main objection to BCH may be eliminated. It appears that my objections to the EDA have been spot on since the BCH development team is in total agreement and fixing it.
Also, I think some of my posts lately have been rather pro Bitcoin Cash. After all, I compared the upcoming segwit hardfork to the sinking of the Titanic and stated BCH could be compared to a life boat. Kiss
So give this skeptic a little slack, Bro.  Roll Eyes
legendary
Activity: 2534
Merit: 1129
bitcoin -bct rising up $7577  and follow is bitcoin cash , it so awesome .

BCH is falling against BTC, (and against USD)
newbie
Activity: 38
Merit: 0
bitcoin -bct rising up $7577  and follow is bitcoin cash , it so awesome .
member
Activity: 118
Merit: 10
what currency will be accepted?

Whos your mother, bot? Cheesy
hero member
Activity: 539
Merit: 500


Big boys , send me few BCH : 1DZukFmN5QSEBwvCSDovTAbLPAPeoEkU2S

Thank you  Smiley

Why do you think,someone will give you money for nothing?
full member
Activity: 374
Merit: 101
I am a student


Big boys , send me few BCH : 1DZukFmN5QSEBwvCSDovTAbLPAPeoEkU2S

Thank you  Smiley
legendary
Activity: 924
Merit: 1000
I hope bitcoin cash will dominate in 2020, and it will get a huge pump before the hard fork, pumping with bitcoin during the same period would be a honey moon. So I try to accumulate more BCH.

Interesting. I will watch.
newbie
Activity: 14
Merit: 0
what currency will be accepted?
hero member
Activity: 686
Merit: 504
https://scalingbitcoin.org/live/LDF8bOEqXt4

Peter Rizun starts at about 1:08:00, he's talking about 3000 transactions per second and we're running at 3.
hero member
Activity: 686
Merit: 504

Why would the miners lie about their intent to mine 2x?


Why would Jihan lie about supporting BCH when the majority if antpool's hashing power is on the core chain must be taking you all for a fool or maybe it's because BTC is more profitable

Ill let you decide which and before you state yes there is a good chance the BTC is being traded for BCH but the mining is still being done on the core chain

I think you underestimate the calculations of these people. Maybe you're 3 steps behind in the game, which is good compared to your typical Tone Vays dipshit but still nowhere near a full understanding...

Of course Bitmain is mining BTC - they make Bitcoin mining devices. And the BCH/BTC exchange rate is great for buying, even now. What better way to corner the BCH supply in time for the flippening?

Also, maybe you haven't calculated that the 2x AND BCH fans want the 1x hashrate to drop quickly so it dies off painlessly, without too much shrieking. That's the compassionate way you kill a rabid animal, making sure that it doesn't bite anyone, gently putting it out of its misery.


Why would the miners lie about their intent to mine 2x?


The generals(pool operators) may all be signaling, but the mercenaries(independent miners) are free to switch to whatever side they care to. As demonstrated with BCH, many independent miners are going to switch to what is profitable. The independent miners are not serfs bound to their lords....

I thought that BCH was "jihan-coin" and it was controlled by the Chinese miners? Now suddenly miners are independent actors? So only BTC is "decentralized" despite the development being controlled by a corporation?

There will be no profiting from "holding both coins" during the 2x fork, other than from shorts and longs on the price swings on BCH and 2x when 1x dies and Kore is finally fired. Nobody will "own both coins" for more than a week or two. Then it remains to be seen what happens with the BCH/2x price differential.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
well by 1933 ...the gold was removed finally and instead we were put onto sdr.  .1 bch to anyone who can tell me what sdr is lol..  

Special Drawing Right -

The IMF is to Central Banks of each nation-state as the Federal Reserve is to its member banks.
The SDR is the unit of the IMF's currency. Made up of a basket of nation-state central bank currencies. The SDR is to the IMF as the Federal Reserve Note (commonly mis-known as 'the US dollar') is to the Federal Reserve - a US Corporation.

Essentially a money that the IMF (the bank of last reserve on an international scale) prints at their discretion.

I will let others answer.  It is not an easily found answer on the internet.  Here is the confidence man telling you about faith in gov money.  Notice how he wants it never called fiat LOL!  He admits the methods are not clear.  What is he talking about?  FDR give a talk called banking and says it is about faith?  Mass hypnosis makes more sense to me as the title!  Notice he does not say what this "good asset" is.  Hmm I wonder if it is a secret? link: https://www.c-span.org/video/?298210-1/president-franklin-roosevelts-first-fireside-chat

link to 33 minute video showing some coverage of domestic vs foreign emergency money: https://drive.google.com/file/d/0B1EaV_bU7VImYmZlMTU5ZGQtYTIyZi00NjZjLWIyMzctOWFkZjhhZDM1MGEy/view?hl=en
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
well by 1933 ...the gold was removed finally and instead we were put onto sdr.  .1 bch to anyone who can tell me what sdr is lol..  

Special Drawing Right -

The IMF is to Central Banks of each nation-state as the Federal Reserve is to its member banks.
The SDR is the unit of the IMF's currency. Made up of a basket of nation-state central bank currencies. The SDR is to the IMF as the Federal Reserve Note (commonly mis-known as 'the US dollar') is to the Federal Reserve - a US Corporation.

Essentially a money that the IMF (the bank of last reserve on an international scale) prints at their discretion.
newbie
Activity: 8
Merit: 0
BCC will there be a future without the support of the fund giants?
sr. member
Activity: 297
Merit: 250
I hope bitcoin cash will dominate in 2020, and it will get a huge pump before the hard fork, pumping with bitcoin during the same period would be a honey moon. So I try to accumulate more BCH.
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
However, the Federal Reserve Act was passed in 1910. Is there some sort of explanation for why this would seem to require a time machine? Truly curious.

https://www.federalreserve.gov/aboutthefed/fract.htm federal reserve act was passed by congress in 1913.  

My apologies. I indeed had the chronology wrong. For this I have no explanation. Maybe confusing the year of the Jekyll Island meeting? Dunno.

Carry on.

well by 1933 Gresham law ran its course and the gold was removed finally and instead we were put onto sdr.  .1 bch to anyone who can tell me what sdr is lol..  The president convince all of America to deposit their paycheck each week into a "special" account where by if we were so convinced by this we had made progress and saved USA.  So no longer will gold be the backing of the usa dollar as per law but SDR.  Special Drawing Rights.  This was after most of the gold had been siphoned out of circulation and our friendly international banker mob had proceeded to demand payment all on the same week.  The bankers holiday legislation was passed at midnight while congress had left for Christmas break.. each year the executive continues the war powers act citing exigent circumstances.  SO still to this day we only have demand deposit account banking options.. LOL!

1935 SSA passed whereby members can join for certain later benefits.  Contracts are issued to be paid in money that no longer had the same protections for the regulations of the value of said money.  So while congress is making deals to pay money they no longer are so concerned with the quality of said money.  This is absurd btw!

1938  The proposed bankruptcy by congress was accepted by the courts and law and equity remedies became blended as equity.  

1939  Public salary tax act passed for taxation of federal employees

1940 Buck act passed to allow taxation in the states of citizens as fed employees (bet me a bitcoin I will prove it lol).

1942 backup withholding began and the circulating tax known as the federal reserve note was clearly identified in confidential committee printsby that name.  While these comments were delivered the question of non-taxpayers who clearly have a right to money came up. It was answered that any non-taxpayers are able to file a tax return and have each dollar spent each year returned to them if they can show receipts.  This was how congress avoided the injury that a federal reserve note puts on an end user who is a non-taxpayer.  [in 1942 this is a concern since approx 40% of the population was still a non-tax payer under the income tax due to the amount of people that had not yet gotten a social security number.  So it is known in 1942 that not having access to money by right constitutes an injury.  

1963 Kennedy re-institutes the US note. On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest.

 The US note status is ascribed to the federal reserve note.  they both circulate as legal tender but a federal reserve notes cannot be both at any one time.  Thus the circulating tax "commodity money" can be either a us note or a private credit instrument loaned into existence at all times.  So a legal distinction can increase the quality of the issue.  This is the first time Gresham's law can be used to oust the Privateers engaged in bottomry yet no one knows how to properly endorse commercial paper these days.  It was a master stroke by Kennedy since it would use the same force (law) that got us into this mess to get us out!  
hero member
Activity: 1134
Merit: 525
Less hops. More wins.
I have BTC in my bitcoin core wallet.
Now I wanna claim my BCH and store it in a wallet, which wallet is the best choice?


I used electrum and electrum cash to do it. It seemed easy. I first moved the btc to a new wallet with fresh seed.

The guide here posted by admin was very helpful: https://bitcointalksearch.org/topic/m.22629478

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