[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 577.

standards

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Quote from: ?? on ??

Quote from: tekmobile on October 28, 2017, 07:20:42 PM

Quote from: grasshpr on October 28, 2017, 07:12:01 PM

No blocks were mined on BTC network for a whole hour. Network slowest since fork.

Are you ignoring all the times BCH took 3-6 hours continuously to find a block

Difference being Bitcoin Cash can use 1 large block and completely wipe out any unconfirmed transactions.
(No Backlogs)

Segwitcoin is puny with a very limited onchain transaction capacity (by core's design), so it takes can take them days or weeks to clear up a large # of unconfirmed transactions.

╥Aztek

Update:
Bitcoin Cash just jumped to $422.
Up Up and Away
https://www.youtube.com/watch?v=5akEgsZSfhg

Any particular reason for that jump?

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: bones261 on October 28, 2017, 06:57:56 PM

Quote from: classicsucks on October 28, 2017, 06:37:08 PM

Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games...

Then those people are fools and deserve to be parted from there money. We have at least two weeks until the hard fork. People should be making there plans now on whether to hunker down or evacuate. Since there is still plenty of time, the most prudent option is to probably evacuate. If the impending fork is getting within 48 hours, the best option is to hunker down. Panicky evacuations at the last moments before the battle or during the battle is the most foolish option of them all. Furthermore, most exchanges are going to freeze up there deposits, trading, and withdrawals during this time. So I have no idea what safe haven the last minute refugees are going to find. Holders of BTC better be asking themselves if they really have the balls to hunker down for quite sometime.

I agree that people should be preparing, but if the past forks are any indicator, they won't be... From what I hear about investors and traders, they only care about the price. Look at how BTC pumped after Segwit, which has essentially had no impact on capacity and/or spam. These tech issues could cause big-time price shifts, but most people aren't clever enough to understand... But some say "don't underestimate the dumb money"...

Virtuoso

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Activity: 1120

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Quote from: ?? on ??

Quote from: clixcoin on October 28, 2017, 01:06:31 PM

Quote from: ?? on ??

^

I personally like the wallet from bitcoin.com.

Coinomi is good choice to use this for BCH mobile app is working so nice and very trusted wallet. This wallet is working nice as hot wallet because we can keep store a lot coins into a single wallet.

In my humble opinion, only "Bitcoin" and "Bitcoin Cash" are the real deal so I don't hold any other coins. Also coinomi felt too "commercially" when I tried it. It had advertisement for other coins and ICO inside of it. It did NOT feel like "my" private wallet at all.

Bitcoin and Bitcoin Cash are definitely amazing coins and everyone should have some in his pocket, but there are also some altcoins which is worth to keep an eye on or even buy some,too.

bones261

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Activity: 1806

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Quote from: tekmobile on October 28, 2017, 08:07:41 PM

So ~1min blocks is not a hyper round

BTC Difficulty jumped up a lot and BCH difficulty lowered creating a more profitable chain and now the miners have raped it of all 2016 blocks in just over a day the EDA will be activated within the next day or two

And yes the EDA was triggered in the previous round due to the huge decline in BCH value compared to BTC

You can't rape the willing. Grin

Thanh Phung

newbie

Activity: 18

Merit: 0

http://www.trustnodes.com/2017/10/27/bitcoin-cash-now-accepted-1200-restaurants-denmark

Bitcoin Cash Now Accepted in 1,200 Restaurants in Denmark.

Great news

tekmobile

full member

Activity: 392

Merit: 154

Quote from: jbreher on October 28, 2017, 07:57:34 PM

Quote from: tekmobile on October 28, 2017, 06:29:33 PM

it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends

What hyper round? We're not in a period of EDA-lowered difficulty.

https://fork.lol/pow/difficulty

So ~1min blocks is not a hyper round

BTC Difficulty jumped up a lot and BCH difficulty lowered creating a more profitable chain and now the miners have raped it of all 2016 blocks in just over a day the EDA will be activated within the next day or two

And yes the EDA was triggered in the previous round due to the huge decline in BCH value compared to BTC

jbreher

legendary

Activity: 3038

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lose: unfind ... loose: untight

Quote from: tekmobile on October 28, 2017, 06:29:33 PM

it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends

What hyper round? We're not in a period of EDA-lowered difficulty.

https://fork.lol/pow/difficulty

derekis126

sr. member

Activity: 306

Merit: 250

Quote from: grasshpr on October 28, 2017, 07:28:57 PM

Quote from: tekmobile on October 28, 2017, 07:20:42 PM

Quote from: grasshpr on October 28, 2017, 07:12:01 PM

No blocks were mined on BTC network for a whole hour. Network slowest since fork.

Are you ignoring all the times BCH took 3-6 hours continuously to find a block

Im not. Its "normal" for BCH but not for BTC

LOL, you blame BTC is too slow, and you accept 3-6 hours is normal for BCH, you have very low standard for BCH, but high standard for BTC? Come on, BCH is just the copycat. No future! Grin

grasshpr

member

Activity: 118

Merit: 10

Quote from: tekmobile on October 28, 2017, 07:20:42 PM

Quote from: grasshpr on October 28, 2017, 07:12:01 PM

No blocks were mined on BTC network for a whole hour. Network slowest since fork.

Are you ignoring all the times BCH took 3-6 hours continuously to find a block

Im not. Its "normal" for BCH but not for BTC

tekmobile

full member

Activity: 392

Merit: 154

Quote from: grasshpr on October 28, 2017, 07:12:01 PM

No blocks were mined on BTC network for a whole hour. Network slowest since fork.

Are you ignoring all the times BCH took 3-6 hours continuously to find a block

grasshpr

member

Activity: 118

Merit: 10

No blocks were mined on BTC network for a whole hour. Network slowest since fork.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: classicsucks on October 28, 2017, 06:37:08 PM

Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games...

Then those people are fools and deserve to be parted from there money. We have at least two weeks until the hard fork. People should be making there plans now on whether to hunker down or evacuate. Since there is still plenty of time, the most prudent option is to probably evacuate. If the impending fork is getting within 48 hours, the best option is to hunker down. Panicky evacuations at the last moments before the battle or during the battle is the most foolish option of them all. Furthermore, most exchanges are going to freeze up there deposits, trading, and withdrawals during this time. So I have no idea what safe haven the last minute refugees are going to find. Holders of BTC better be asking themselves if they really have the balls to hunker down for quite sometime.

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: bones261 on October 28, 2017, 06:29:15 PM

Quote from: ?? on ??

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

Segwitcoin is already at 85213 Unconfirmed Transactions

If 2X activates, we could see Unconfirmed Transactions increase up to the millions, when would forever require fees in $100 range.

That will effectively end the use of segcrapcoin 1X by the poor and middle class.

Segcrap 1X loses it store of value feature, if it has no utility to act as a payment system.
Expect a 1930s style price crash of segcrapcoin 1X , if 2X activates.

╥Aztek

The mempool is probably not going to increase to the millions. I expect the transaction volume to decline significantly before the expected fork, which will give time for the original chain to catch up. The majority of the people are not going to figure out how to split their coins without replay protection. People are still having a hard time claiming their BCH, and BCH has strong replay protection. The transaction volume will not pick up again until there is either a clear winner, or very easy solutions to splitting their coins becomes available to the general public. While the battle is still ongoing, both segwit chains are going to be next to useless to all but the most technically astute, or fools who are not aware that their transactions are going to played on both chains.

Good point that people will be warned not to transact during the fork. However, have you taken into account how fast the mempool will bloat up when BTC1x blocks are only mined every 2 hours or more? And remember that there will likely be transactions that people are desperate to do before they get replayed... imagine a scenario where you broadcast a 1x transaction and it gets replayed and confirmed on the 2x chain first... At least some will be playing these dangerous games...

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: tekmobile on October 28, 2017, 06:29:33 PM

Quote from: jbreher on October 28, 2017, 06:24:11 PM

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC.

Pretty much all the BCH miners are holding on most of the used wallets have remain untouched

What is interesting though this time is F2 Pool seems to have moved a huge amount of hashing power over and with them being pro core it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends

My understanding is F2pool offers the option for the BCH miners to get automatically paid in BTC. You can pretty much expect the dumps to be coming for any coins they mine.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: jbreher on October 28, 2017, 06:24:11 PM

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC.

Pretty much all the BCH miners are holding on most of the used wallets have remain untouched

What is interesting though this time is F2 Pool seems to have moved a huge amount of hashing power over and with them being pro core it's to be seen if they will dump all these accumulated BCH coins for BTC as soon as the hyper round ends

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: ?? on ??

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

Segwitcoin is already at 85213 Unconfirmed Transactions

If 2X activates, we could see Unconfirmed Transactions increase up to the millions, when would forever require fees in $100 range.

That will effectively end the use of segcrapcoin 1X by the poor and middle class.

Segcrap 1X loses it store of value feature, if it has no utility to act as a payment system.
Expect a 1930s style price crash of segcrapcoin 1X , if 2X activates.

╥Aztek

The mempool is probably not going to increase to the millions. I expect the transaction volume to decline significantly before the expected fork, which will give time for the original chain to catch up. The majority of the people are not going to figure out how to split their coins without replay protection. People are still having a hard time claiming their BCH, and BCH has strong replay protection. The transaction volume will not pick up again until there is either a clear winner, or very easy solutions to splitting their coins becomes available to the general public. While the battle is still ongoing, both segwit chains are going to be next to useless to all but the most technically astute, or fools who are not aware that their transactions are going to played on both chains.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Also interestingly, this time it does not correlate with a price crash. Which means that this new hashpower is holding onto their newly-mined BTC.

grasshpr

member

Activity: 118

Merit: 10

Quote from: classicsucks on October 28, 2017, 06:04:31 PM

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

You mean for the next few hours? After 3 hours BCH diff increases 4x and miners move back to BTC

classicsucks

hero member

Activity: 686

Merit: 504

Huge jump in BCH hashpower (+4 Eh, all-time high) over the past few days:

https://fork.lol/pow/hashrate

interestingly, this does not correlate with an EDA adjustment. But it does correlate with the price jump.

Since BTC also had a diff increase, the BTC block times/interval are significantly affected. Given that the mempool is jammed again, I wouldn't recommend moving any BTC for the next few days, unless you want to pay $10...

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: bones261 on October 28, 2017, 03:04:39 PM

Having chain hoppers who have no real interest in accumulating Bitcoin Cash, is not helping the price at all.

While that is true, having them join in is increasing the security of the BCH chain. And it will all balance out in time anyhow.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 577. (Read 704412 times)