Pretty much sums BCH up
https://twitter.com/MediumSqueeze/status/914402477583273984
Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 620. (Read 704812 times)
Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working
When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/
Quote
On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.
The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.
@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.
╥Aztek
What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.
Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.
Code:
static const unsigned int MAX_BLOCK_SIZE = 1000000;
"there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.
Your second statement is correct, but how does that follow from your initial claim?
While we're on the topic, I've seen 3 solid years of evidence that one megabyte blocksize limit DOESN'T work. And the reason that it couldn't be increased was copy/pasted by countless brainwashed little Kore minions on reddit was "becuz decentralized". Ironically, BTC Kore is all mined and "made in China", just all the rest of the shit people consume in USA/Europe.
Right now the coin spammers, hackers, and govt. agents are letting their guns are cool off. When the mempools get full again and the networks are running at capacity, BCH will shine and BTC will poop the bed.
It's node decentralisation that starts to become a problem the miners may create the blocks but the nodes have to verify them this consumes bandwidth and CPU cycles if the blocks get big enough that they cannot be transferred and verified by the time the next block is found then you get useless empty blocks
Since most mining is done in China and they need to use slow VPNs to talk to most of the outside world this may be a problem antpool already struggles to mine 1MB blocks
Get filled with bch asap, this is ready to shot up anytime guys 
You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping
It's starting to crash hard and may soon get to the point of no return when mass users start to cashout
Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working
When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/
Quote
On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.
The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.
@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.
╥Aztek
What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.
Uhhhm hate to correct a senior member again, but "blocksize" is a shortening of "MAX BLOCK SIZE". Read the code bro.
Code:
static const unsigned int MAX_BLOCK_SIZE = 1000000;
"there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.
Your second statement is correct, but how does that follow from your initial claim?
While we're on the topic, I've seen 3 solid years of evidence that one megabyte blocksize limit DOESN'T work. And the reason that it couldn't be increased was copy/pasted by countless brainwashed little Kore minions on reddit was "becuz decentralized". Ironically, BTC Kore is all mined and "made in China", just all the rest of the shit people consume in USA/Europe.
Right now the coin spammers, hackers, and govt. agents are letting their guns are cool off. When the mempools get full again and the networks are running at capacity, BCH will shine and BTC will poop the bed.
Get filled with bch asap, this is ready to shot up anytime guys
You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping
It's starting to crash hard and may soon get to the point of no return when mass users start to cashout
The smell of weak hands makes me giggle in my sleep
Get filled with bch asap, this is ready to shot up anytime guys
You was saying that when it was at 0.13 now it's under 0.1 and getting very close to its all time low after the initial dumping
It's starting to crash hard and may soon get to the point of no return when mass users start to cashout
Get filled with bch asap, this is ready to shot up anytime guys
^
Yes! Exactly! And frankly, a few tweets like this: https://twitter.com/ProfFaustus/status/914055098531229696 will not help!
Is he on crack or something?
Yes! Exactly! And frankly, a few tweets like this: https://twitter.com/ProfFaustus/status/914055098531229696 will not help!
Quote
Dr Craig S Wright,
My vision with nChain is simple.
We will grow #BitcoinCash to be used by at least 5 Billion people in their daily transacting. Not as eGold. As money settled on chain.
Don't like it... be one of the few that don't use it.
Fast. Liquid. Safe. Global.
My vision with nChain is simple.
We will grow #BitcoinCash to be used by at least 5 Billion people in their daily transacting. Not as eGold. As money settled on chain.
Don't like it... be one of the few that don't use it.
Fast. Liquid. Safe. Global.
Is he on crack or something?
Crack? No. .. he is on mathematics!
The billion dollar question is how will be gain traction in the real world? Only the people that are really deep into Crypto even know about it at this point. Bitcoin has a tremendous network already built in the real world. For bitcoin cash to survive long term they will need to spend a tremendous amount of time Energy and money getting companies online stores and platforms to actually use it.
Worst come to worst - you fork POW to POS/POI/whatever, and don't rely on miners anymore at all, that's true for both, all pow coins really. Miners are here to protect network, not to dictate how much whatever-coin is worth or whether it's viable or not.
The only thing as a coin developer you should care about - are your customers. Your reputation is secondary however, but ideally you should be clear, honest and accountable.
The only thing as a coin developer you should care about - are your customers. Your reputation is secondary however, but ideally you should be clear, honest and accountable.
Ive been so busy coin & mushroom collecting today 
Just saw my buys filled on bch
Looks like its time for Bitcoin cash to do its thing now
Just saw my buys filled on bch
Looks like its time for Bitcoin cash to do its thing now
Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working
When Bitcoin Cash wiped out bitcoin satan attempt to flood their network with transactions.
https://news.bitcoin.com/bitcoin-cash-8mb-block-479469-clears-over-37000-transactions/
Quote
On August 16 at approximately 8 am EDT the mining pool Bitclub Network mined an 8MB block on the Bitcoin Cash (BCH) blockchain.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
Block #479469 cleared over 37,000 transactions from the mempool making it the largest block found so far on the BCH chain.
Meanwhile, the BCH network continues to capture infrastructure development and industry support.
That is the great thing about using excess capacity, they only need to use it when it is needed.
The rest of the time , they use smaller blocksizes as the larger is not currently needed constantly, but it is there if they need it.
Verses 1 mb segwitcoin doing nothing but taking days and raising fees as their fix.
The fact that even when the Bitcoin Cash difficulty adjusting up and down, they Never have a backlog of transaction like segcrap.
Bitcoin Cash is just a superior product and it took a very little amount of code changes to make it so.
@tekmobile, I imagine when 1mb segwitcoin is frozen in a death spiral , you won't see that as a problem either.
╥Aztek
What are you both talking about? They don't "use smaller blocksizes". It's not like they have a choice to make a bigger block. New blocks are mined at a relatively constant rate and whatever amount of transactions is at that moment in mempool can then be stored in the block. They may decide to not write all transactions and thus make the block smaller but they definitely cannot artificially make the block larger. So saying "they only need to use it when it is needed" is nonsense.
This idiotic idea was mentioned here several times: "oh, whinny, whinny, there are only small tiny blocks in bitcoin cash, where are all those promised glorious 8 MB blocks?" Well, if there are not many transactions to write in those blocks then the blocks can't be bigger, DUH.
Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
Ive not seen any proof of 8MB blocks working, 1 block is not proof the majority are well under 100k this is not proof of 8MB Blocks working
(puppy pic)
Bitcoin Cash will be fine, halving is a long ways away, and at least with it 8MB the miners will be able to survive off of transaction fees,
when all of the money flows into segshit, how do you think the old 1 mb bitcrap miners are going to survive.
There are going to leave the old 1 mb bitcrap in a death spiral if LN ever takes off once their mining rewards drop.
╥Aztek
Bitcoin Cash will be fine, halving is a long ways away, and at least with it 8MB the miners will be able to survive off of transaction fees,
when all of the money flows into segshit, how do you think the old 1 mb bitcrap miners are going to survive.
There are going to leave the old 1 mb bitcrap in a death spiral if LN ever takes off once their mining rewards drop.
╥Aztek
Bingo. And BCH has proven 8MB blocks work fine. At the moment many are still selling BCH for BTC, but when more direct BCH->fiat exchanges become more mainstream (read: Bitstamp), the BCH price will rocket. Combine that with the November 2x drama and Kore doods ragequitting and we could well see a flippening. When BTC hashpower takes a shit and confirmations take as long as a month, what coin do you think people will run to?
Oh and LN is shit, I won't even bother discussing the million reasons it won't work and won't see mass adoption.
They will care when segwit & LN are shown to be sending counterfeit transactions.
Don't forget the miners are profit motivated only, and there is a group with ~70% control ,
they can time lock coins with LN, and then rewrite the chain to move their bitcoins before they were even locked.
And Viola , LN is now making transactions with counterfeit coins that no one will know until they try and redeem them.
Sidechains & Time Locking are vulnerable to counterfeiting and outright theft.
The uninformed just don't know it yet, because they listen to Bitcoin's Satan.
1st News Article and that segwit house of cards crumbles and it is not an if, but a how soon.
╥Aztek
Don't forget the miners are profit motivated only, and there is a group with ~70% control ,
they can time lock coins with LN, and then rewrite the chain to move their bitcoins before they were even locked.
And Viola , LN is now making transactions with counterfeit coins that no one will know until they try and redeem them.
Sidechains & Time Locking are vulnerable to counterfeiting and outright theft.
The uninformed just don't know it yet, because they listen to Bitcoin's Satan.
1st News Article and that segwit house of cards crumbles and it is not an if, but a how soon.
╥Aztek
If people use something that hasn't proven itself yet for anything more than small amounts then it's their own stupidity and they ought to be robbed, it's the only way they will (maybe) learn. The only point of using superfast transactions is when you are not willing to wait. That makes sense to me when standing in a queue and paying for an ice cream, maybe jeans, not even dinner really fits here. But if it's anything more expensive ($100+) how can you not be willing to wait 10 minutes? That just isn't rational. And even for those small amounts it might be safer/simpler to just use something like a Xapo card and a good old ATM.
But I am pretty sure that in time those potential issues you mentioned will be dealt with, one way or another. However if someone doesn't wanna wait for the test of time then they should be robbed and (however cruel and extreme this sounds) possibly killed because stupid people are danger to themselves and everybody else. Most of the harm in the whole history of human kind was caused by human stupidity.
Its not even finished its still in active development its like getting a pre alpha version of some software and writing about how its full of bugs even though these will be fixed through the revisions until its ready for release
They will care when segwit & LN are shown to be sending counterfeit transactions.
Don't forget the miners are profit motivated only, and there is a group with ~70% control ,
they can time lock coins with LN, and then rewrite the chain to move their bitcoins before they were even locked.
And Viola , LN is now making transactions with counterfeit coins that no one will know until they try and redeem them.
Sidechains & Time Locking are vulnerable to counterfeiting and outright theft.
The uninformed just don't know it yet, because they listen to Bitcoin's Satan.
1st News Article and that segwit house of cards crumbles and it is not an if, but a how soon.
╥Aztek
Don't forget the miners are profit motivated only, and there is a group with ~70% control ,
they can time lock coins with LN, and then rewrite the chain to move their bitcoins before they were even locked.
And Viola , LN is now making transactions with counterfeit coins that no one will know until they try and redeem them.
Sidechains & Time Locking are vulnerable to counterfeiting and outright theft.
The uninformed just don't know it yet, because they listen to Bitcoin's Satan.
1st News Article and that segwit house of cards crumbles and it is not an if, but a how soon.
╥Aztek
If people use something that hasn't proven itself yet for anything more than small amounts then it's their own stupidity and they ought to be robbed, it's the only way they will (maybe) learn. The only point of using superfast transactions is when you are not willing to wait. That makes sense to me when standing in a queue and paying for an ice cream, maybe jeans, not even dinner really fits here. But if it's anything more expensive ($100+) how can you not be willing to wait 10 minutes? That just isn't rational. And even for those small amounts it might be safer/simpler to just use something like a Xapo card and a good old ATM.
But I am pretty sure that in time those potential issues you mentioned will be dealt with, one way or another. However if someone doesn't wanna wait for the test of time then they should be robbed and (however cruel and extreme this sounds) possibly killed because stupid people are danger to themselves and everybody else. Most of the harm in the whole history of human kind was caused by human stupidity.
Maybe technical advantages could be improved at BCH, what I doubt, but supporters weren't enough to beat Bitcoin/to become the "orignal Bitcoin". Now I think, even a second fork wouldn't stop the main stream of Bitcoin.
I wish that I had a miner. I rented some hash on MMR for 72 hours and some for 48 hours because I thought the hyper blocks would last at least 3 days. Looks like it may only last a little over 2 days. They need to change the retarget to something better. So many improved retarget algos out there to chose from. This EDA coupled with regular retarget at 2016 blocks just is not cutting it.
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