[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 616.

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: European Central Bank on October 03, 2017, 12:30:54 PM

Quote from: classicsucks on October 03, 2017, 12:27:53 PM

We've been through this before. BCH usability is the same as Bitcoin (other than address confusion issues), but fees are more than 1000x lower.

guess i wasn't there for it then. a block a minute is very usable. a block every two hours is not. the block lottery is fun but not very practical. either it settles down and then development can get to work or it remains a curio that's not going to attract users.

A block every 2 hours is not optimal, I agree. That's due to miners gaming the EDA for more block rewards.

Then again, most BTC users got used to 24 hours to confirm some of their transactions this year, how's that for usability? The worst I experienced was 3 days... oh and I did I mention I paid $3 in fees? Wow.

valerie_zurich

full member

Activity: 197

Merit: 100

Valerie, spokesperson for cryptocoincharts.info

Do you think bitcoin cash will recover? Come give us your thoughts in our daily chart segment.

Chart source:
https://cryptocoincharts.info/pair/bch/usd/bitfinex/today

gribble

hero member

Activity: 966

Merit: 552

ViaBTC is a well-known name in the world of cryptocurrency. Not only does the company operate a pool, but they also had an exchange platform. Plus, they still provide the transaction accelerator for Bitcoin. However, it is the mining pool which has seen most of the growth over the past few months. This spectacular growth is mainly caused by the launch of Bitcoin Cash. By being one of the first pools to provide BCH support, ViaBTC has made a big impact in quick succession. http://www.livebitcoinnews.com/bitcoin-cash-popularity-allows-viabtc-mining-pool-surpass-1-exahash/ even viabtc growth due to bitcoin cash Cheesy

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: European Central Bank on October 03, 2017, 12:30:54 PM

Quote from: classicsucks on October 03, 2017, 12:27:53 PM

We've been through this before. BCH usability is the same as Bitcoin (other than address confusion issues), but fees are more than 1000x lower.

guess i wasn't there for it then. a block a minute is very usable. a block every two hours is not. the block lottery is fun but not very practical. either it settles down and then development can get to work or it remains a curio that's not going to attract users.

there is also the possibility to use 0-confirmation transactions for small amounts. it was a use case for a long time and it worked quite well.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: European Central Bank on October 03, 2017, 12:16:05 PM

Quote from: Gyrsur on October 03, 2017, 11:19:57 AM

try to see Bitcoin Cash as the backup for Bitcoin 2.0 (Segwit). if anything goes wrong Bitcoin Cash will take over.

why would i choose another failure in case of failure? it's better to walk away from the whole thing and forget about it. if there has to be a 'replacement' then litecoin looks a lot more reassuring as a solid prospect.

we have now two routes to solve the scaling issue of Bitcoin/Blockchain technology.

One is to solve it on-chain which was maybe in the mind of SN but nobody knows it for sure and he disappears before the decision.

The other path is to solve it off-chain with Bitcoin 2.0 (Segwit+LN).

Is it so difficult to accept the status quo now and hodl both currencies? I think it's not difficult and there is no need for fights with words against each other. The parties are splitted now. No further need of any HF (Bitcoin Segwit2x + Bitcoin Gold + Bitcoin Bcash).

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: classicsucks on October 03, 2017, 12:27:53 PM

We've been through this before. BCH usability is the same as Bitcoin (other than address confusion issues), but fees are more than 1000x lower.

guess i wasn't there for it then. a block a minute is very usable. a block every two hours is not. the block lottery is fun but not very practical. either it settles down and then development can get to work or it remains a curio that's not going to attract users.

classicsucks

hero member

Activity: 686

Merit: 504

Quote from: European Central Bank on October 03, 2017, 04:36:54 AM

Quote from: gribble on October 02, 2017, 11:56:57 PM

Bitcoin started first with gambling.
BitcoinCash will take it back and with low fees create a use case that makes it the only one to use.
Dr. Wright said for people in the gaming industry, the question of why Bitcoin Cash is superior to legacy
Bitcoin comes down to one thing—lower transaction fees. Says thanks to Dr. Craig
https://calvinayre.com/2017/10/02/bitcoin/craig-wright-bitcoin-cashs-superiority-comes-fees-video/

uh, and what of basic usability, development and a future worth mentioning?

can anyone point to a single worthwhile contribution this abusive freak has made to bitcoin? i cannot.

realistic fees are important but they're only a small part of a wider picture.

We've been through this before. BCH usability is the same as Bitcoin (other than address confusion issues), but fees are more than 1000x lower. This means that all of the use cases that were wiped out by Kore's artificially high fee market are back with BCH. Development is solid, deadalnix gave one of the best talks on Bitcoin of 2017 and his code is respected by the top devs - the only criticism Maxwell could come up with was "copyright violations" for backporting some bugfixes... finally the EDA is weird, but it prevents a death spiral phenomenon that BTC is very vulnerable to if the SHTF in November.

I understand that Wright is fake Satoshi and furthermore he's a dick, but that doesn't make his statement wrong. Wright is saying that we've gone back to 2014 with BCH because it's feasible to gamble again. Nobody is going to gamble $100 when the fees to do it are $10 or even $5. Is that what you mean by "realistic fees"? BTC almost priced itself out of the market with fees while everybody was moaning about all of the "attacks on Bitcoin".

cryptokangaroo

jr. member

Activity: 168

Merit: 3

I believe in Bitcoin Cash. The airdrop was nice and then made some good trades on the swings.
What is the future of Bitcoin Cash? The price seems to go down..

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: bones261 on October 02, 2017, 10:30:05 PM

That was way before my time, I think. I can't even picture what you are talking about. But I was born after color broadcast was mainstream.

The old tube sets would drift, primarily with temperature, you would select the channel, which would get you in the ballpark, but then fine tune for best picture. As the set warmed up you would have to readjust.

Once the transistor sets came in this was much reduced, and the advent of the phase lock loop pretty much put an end to it, though many sets did not implement a PLL in the UHF receiver right to the end of the CRT era.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: Gyrsur on October 03, 2017, 11:19:57 AM

try to see Bitcoin Cash as the backup for Bitcoin 2.0 (Segwit). if anything goes wrong Bitcoin Cash will take over.

why would i choose another failure in case of failure? it's better to walk away from the whole thing and forget about it. if there has to be a 'replacement' then litecoin looks a lot more reassuring as a solid prospect.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: BitTraderCute on October 03, 2017, 11:30:53 AM

if bitcoin developer is sathosi nakamoto, so who the developer or creator this bitcoin cash ?

Satoshi Nakamoto

Quote

trying check the website but i get 404 not found
https://www.bitcoincash.org/developers
404 Not Found
nginx/1.13.3

Why are you trying to view a non-existent webpage?

tekmobile

full member

Activity: 392

Merit: 154

Quote from: BitTraderCute on October 03, 2017, 11:30:53 AM

if bitcoin developer is sathosi nakamoto, so who the developer or creator this bitcoin cash ?

trying check the website but i get 404 not found
https://www.bitcoincash.org/developers
404 Not Found
nginx/1.13.3

That's probably correct 404 developers not found

BitTraderCute

full member

Activity: 899

Merit: 101

if bitcoin developer is sathosi nakamoto, so who the developer or creator this bitcoin cash ?

trying check the website but i get 404 not found
https://www.bitcoincash.org/developers
404 Not Found
nginx/1.13.3

IThoughtIKnewItAll

newbie

Activity: 43

Merit: 0

Quote from: Gyrsur on October 03, 2017, 11:19:57 AM

Quote from: tekmobile on October 03, 2017, 11:10:42 AM

Quote from: ?? on ??

If I read these correctly, there are huge sell orders in Bitfinex and Kraken for BCH.

https://cryptowat.ch/bitfinex/bchusd

https://cryptowat.ch/kraken/bchusd

Over 6000 sell orders at Kraken and like over 11000 sell orders at Bitfinex but not many buy orders. Embarrassed

Maybe because there is no support for it even at twice the probability NO miners wanted to do anything to do with it apart from the usual crowd controlled by bitmain

This was never about scaling it was just about taking control and now its falling apart

try to see Bitcoin Cash as the backup for Bitcoin 2.0 (Segwit). if anything goes wrong Bitcoin Cash will take over.

Any reasonable arguments as to why Bitcoin Cash will take over ? I mean, this whole thread is about taking over the world but all I can see is the backporting of source code updates from Bitcoin Segwit.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: tekmobile on October 03, 2017, 11:10:42 AM

Quote from: ?? on ??

If I read these correctly, there are huge sell orders in Bitfinex and Kraken for BCH.

https://cryptowat.ch/bitfinex/bchusd

https://cryptowat.ch/kraken/bchusd

Over 6000 sell orders at Kraken and like over 11000 sell orders at Bitfinex but not many buy orders. Embarrassed

Maybe because there is no support for it even at twice the probability NO miners wanted to do anything to do with it apart from the usual crowd controlled by bitmain

This was never about scaling it was just about taking control and now its falling apart

try to see Bitcoin Cash as the backup for Bitcoin 2.0 (Segwit). if anything goes wrong Bitcoin Cash will take over.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: ?? on ??

If I read these correctly, there are huge sell orders in Bitfinex and Kraken for BCH.

https://cryptowat.ch/bitfinex/bchusd

https://cryptowat.ch/kraken/bchusd

Over 6000 sell orders at Kraken and like over 11000 sell orders at Bitfinex but not many buy orders. Embarrassed

Maybe because there is no support for it even at twice the probability NO miners wanted to do anything to do with it apart from the usual crowd controlled by bitmain

This was never about scaling it was just about taking control and now its falling apart

udj052

member

Activity: 90

Merit: 10

I bought a lot of coins six months ago and kept it all the time. It's doubled and brought me a lot of money, and a great investment direction. You all deserve it

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: blackjok3r on October 03, 2017, 05:26:45 AM

I was a long hold on this one, ut I no longer have any BCH. There is too many people just selling for bitcoin right now. I think we will see ATL of 0.06 again which is where I brought all mine. I've slowly sold them all off through this dump at tops to the best of my ability. My Total holdings have increased a lot since I have done this. I support BCH but probably wont re-enter until the next low. Might possibly get pumped before coinbase releases funds but who knows. Too much sell pressure right now, from people who don't know what they are selling.

I sold at .2 and I no exactly what I did

blackjok3r

newbie

Activity: 35

Merit: 0

I was a long hold on this one, ut I no longer have any BCH. There is too many people just selling for bitcoin right now. I think we will see ATL of 0.06 again which is where I brought all mine. I've slowly sold them all off through this dump at tops to the best of my ability. My Total holdings have increased a lot since I have done this. I support BCH but probably wont re-enter until the next low. Might possibly get pumped before coinbase releases funds but who knows. Too much sell pressure right now, from people who don't know what they are selling.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: gribble on October 02, 2017, 11:56:57 PM

Bitcoin started first with gambling.
BitcoinCash will take it back and with low fees create a use case that makes it the only one to use.
Dr. Wright said for people in the gaming industry, the question of why Bitcoin Cash is superior to legacy
Bitcoin comes down to one thing—lower transaction fees. Says thanks to Dr. Craig
https://calvinayre.com/2017/10/02/bitcoin/craig-wright-bitcoin-cashs-superiority-comes-fees-video/

uh, and what of basic usability, development and a future worth mentioning?

can anyone point to a single worthwhile contribution this abusive freak has made to bitcoin? i cannot.

realistic fees are important but they're only a small part of a wider picture.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 616. (Read 704812 times)