[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 621.

tekmobile

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Quote from: cointerstrike on September 30, 2017, 08:55:30 AM

Quote from: tekmobile on September 29, 2017, 06:57:27 PM

Quote from: cointerstrike on September 29, 2017, 06:56:00 PM

I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?

Thank you in advance.

Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin

Is that a new alt coin project ? Then it is not related with bitcoin like bitcoin cash. Is it just a name resemblance or a work that is in the bitcoin team? I'm curious about that

It's pretty much a copy of the core code with a different hashing algorithm and a revised difficulty adjust the only thing linking them is that they are forking from the bitcoin chain

So
Hashing: SHA256 > Equihash (same as Zcash uses)
Difficulty: 2016 Blocks > Every Block

That's pretty much it I think there is something about allowing blocksize to increase if nessesary but starting with the normal 1MB

It's nothing to do with core and does not affect either core or Bcash hashing due to algorithm change and is supposed to have full replay protection

cointerstrike

full member

Activity: 350

Merit: 100

Quote from: tekmobile on September 29, 2017, 06:57:27 PM

Quote from: cointerstrike on September 29, 2017, 06:56:00 PM

I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?

Thank you in advance.

Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin

Is that a new alt coin project ? Then it is not related with bitcoin like bitcoin cash. Is it just a name resemblance or a work that is in the bitcoin team? I'm curious about that

johnsmithx

hero member

Activity: 589

Merit: 507

I don't buy nor sell anything here and never will.

Quote from: ?? on ??

Honestly, there is too many "what if" and "if" and "will be" and "maybe will be" in this scene. Both for BTC and BCH. I don't think "ordinary" people will use and take these stuff seriously any time soon unless something changes drastically and all this fighting and cloning and altcoining and forking needs to stop.

Sad

Well, I think ordinary people most definitely will use LNs because they will want instant confirmations. Stores and merchants will probably use LNs as well for the same reason. For jeans or dinner worth amounts I suppose it's fine, as long as you keep the rest of your bitcoins safely stored on the (main) blockchain. Which I am afraid is not what most of the ordinary people will be doing - they will move more than necessary to the side channels for convenience reasons and that may or may not turn out to be a problem.

Quote from: tekmobile on September 30, 2017, 07:43:04 AM

Quote from: johnsmithx on September 30, 2017, 07:26:53 AM

In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:

Quote

Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.

It's under the FAQ page neat the bottom
https://support.xapo.com/about-bitcoin-cash

Quote

What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.

If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.

Please note the amount received will reflect the market rate at the time the sale is executed.

That's great, so they will not try to rob people and then say "your bad, you should have withdrawn by the deadline".

sesiah

sr. member

Activity: 574

Merit: 251

if xapo will convert my bitcoin cash to bitcoin and add them to my wallet then this is going to be good, i will not have to rush to withdraw after that assurance, but bitcoin cash is growing strong in value, i will make a decision before 14th dec.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: johnsmithx on September 30, 2017, 07:26:53 AM

Quote from: tekmobile on September 29, 2017, 05:04:43 PM

Quote from: ?? on ??

Quote from: tekmobile on September 29, 2017, 04:23:39 PM

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

Quote

Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.

It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users?

The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"?

Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC?

Hm... hm... any guesses? Cool

It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC

In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:

Quote

Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.

It's under the FAQ page neat the bottom
https://support.xapo.com/about-bitcoin-cash

Quote

What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.

If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.

Please note the amount received will reflect the market rate at the time the sale is executed.

johnsmithx

hero member

Activity: 589

Merit: 507

I don't buy nor sell anything here and never will.

Quote from: tekmobile on September 29, 2017, 05:04:43 PM

Quote from: ?? on ??

Quote from: tekmobile on September 29, 2017, 04:23:39 PM

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

Quote

Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.

It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users?

The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"?

Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC?

Hm... hm... any guesses? Cool

It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC

In their announcement they don't say anything about any auto-selling and btc-crediting after the deadline. The only thing they actually say is:

Quote

Whether you convert now and keep your BCH in Xapo as BTC or you withdraw them, December 14th would be the deadline.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: ?? on ??

Honestly, there is too many "what if" and "if" and "will be" and "maybe will be" in this scene. Both for BTC and BCH. I don't think "ordinary" people will use and take these stuff seriously any time soon unless something changes drastically and all this fighting and cloning and altcoining and forking needs to stop.

Sad

And you support the one that started it all

There will be a lot of if this and if that's because nobody knows what will happen it's all speculation all we can do is go on the past to predict the present

tekmobile

full member

Activity: 392

Merit: 154

Quote from: ?? on ??

Quote from: tekmobile on September 30, 2017, 02:44:30 AM

Quote from: ?? on ??

It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain.

╥Aztek

That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks

By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose

You got to admit , that is one cute puppy.

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

The miners get 100% of segwit transactions and if Roger Ver is to believed then Bcash is also getting a side chain

Plus LN is not designed for big transactions it's for the small ones that are not feasible to be done on chain

It's all about having a good balance

tekmobile

full member

Activity: 392

Merit: 154

Quote from: ?? on ??

It is currently 71.2% more profitable to mine on the Bitcoin Cash blockchain.

╥Aztek

That's the spirit celebrate because Bcash had for force 5 difficulty reductions pure incompetence all they had to do was come back a bit earlier and keep it stable but nope couldn't manage that and f##ked it up and overshot by a huge amount and now averaging 2.5min blocks

By the time this period is over the Bcash chain will probably be a whole month infront not bad for only being 2 month old just a shame the reward will halve twice as fast and the miners will need to rely more heavily on fees which are non existent due to the blocks being way too big for the intended purpose

25hashcoin

hero member

Activity: 574

Merit: 500

Quote from: TheMuppet on September 30, 2017, 12:19:56 AM

I think a lot of people are making a big mistake betting against bitcoin cash.

I believe they're going to implement some anonymous features that will give them a big edge

Jihan and Roger Ver have tremendous power and influence.

I'm definitely going long.

Privacy features are coming for Bitcoin Cash, yes, but also smart contracts. Both of these have already been discussed as being worked on.

naska21

hero member

Activity: 1358

Merit: 635

Quote from: cointerstrike on September 29, 2017, 06:56:00 PM

I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?

Thank you in advance.

yep, it even has its own site that manifests the date of that hardfork i.e. October, 25th. This means that all btc holders will get new free coins and no one knows how far Bitcoin Gold will go.

TheMuppet

member

Activity: 129

Merit: 10

I think a lot of people are making a big mistake betting against bitcoin cash.

I believe they're going to implement some anonymous features that will give them a big edge

Jihan and Roger Ver have tremendous power and influence.

I'm definitely going long.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: tekmobile on September 29, 2017, 06:53:05 PM

If ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain

Just a tad under that. But BTC difficulty due to drop a bit in the next couple of days. Not sure that will matter much though.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: cointerstrike on September 29, 2017, 06:56:00 PM

I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?

Thank you in advance.

Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin

cointerstrike

full member

Activity: 350

Merit: 100

I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?

Thank you in advance.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: bones261 on September 29, 2017, 06:40:04 PM

Quote from: tekmobile on September 29, 2017, 05:09:41 PM

Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable

Yippie, vulture miners love hyper blocks. Cheesy

Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?

Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here. Grin

https://www.youtube.com/watch?v=CVC2vyVCWJI

If ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: tekmobile on September 29, 2017, 05:09:41 PM

Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable

Yippie, vulture miners love hyper blocks. Cheesy

Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?

Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here. Grin

https://www.youtube.com/watch?v=CVC2vyVCWJI

tekmobile

full member

Activity: 392

Merit: 154

Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable

tekmobile

full member

Activity: 392

Merit: 154

Quote from: ?? on ??

Quote from: tekmobile on September 29, 2017, 04:23:39 PM

Quote from: jbreher on September 29, 2017, 04:15:12 PM

Quote from: gyu22 on September 29, 2017, 08:59:33 AM

Cryptocurrency scam alert website Badbitcoin.org has removed popular news and information outlet Bitcoin.com from its ‘Safelist’ of trusted resources.

https://www.reddit.com/r/Bitcoin/comments/3016ho/badbitcoinorg_staked_their_reputation_on/?st=j86dzpwm&sh=e8f70eaf

#justsayin'

Already posted but may have been buried in pointless chitchat

same with this one

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

Quote

Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.

It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users?

The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"?

Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC?

Hm... hm... any guesses? Cool

It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC

Ai7xpressTV

sr. member

Activity: 430

Merit: 250

Still hodling my BCH. Will buy more if it struggles.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 621. (Read 704812 times)