Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 677. (Read 704406 times)

Why would there be any commit? It's a fork, not an independent software.

Truth isn't determined by popularity. Price doesn't reflect the righteous implementation, it is merely  a market based reality created by trader's current perceptions.
Bitcoin Cash should have been implemented without a fork retaining the BTC ticker but it was made impossible by obstructionists who favor limiting block size, increasing tax, and changing bitcoin from a currency to a settlement system.

The argument has been made and I agree that the core camp is putting the cart before the horse. They expect BTC to be a digital gold, a store of wealth, yet they betray the economic principles which allowed for its success. When I first got involved in 2011 with Bitcoin my mind was not set on holding Bitcoin in the hopes of ever increasing value but rather I was immensely impressed with the ability to send money quintessentially fee-less across the globe in a matter of ten minutes.

Satoshi Nakamoto understood that wild speculation would run on Bitcoin's value but fundamentally this was not his goal, he was intent on creating a good product with superior use cases: the speed of transaction, security of ownership, and low - near nonexistent fees associated. THAT is what gave Bitcoin the power to attract users which increased the value bringing with it the need to increase blocksize as Nakamoto had said would be necessary if his creation was widely adopted.

Until Segwit 2x is resolved in November this battle is not remotely close to being over, only after the outcome of segwit 2x is clear will the future of BCH vs BTC begin to be visible.

and after reading this...
https://blockstream.com/2014/10/23/why-we-are-co-founders-of-blockstream.html
this is what it seems to me blockstream are trying to say...
"alts are bad, we cant keep up with them all and to much freedom is bad,
 we know they are innovative and profitable so we create our own assets and we make the profits".

also think this began after ethereum concept was rejected...


the whole point of segwit seems to be ...
try to control the entire crypto market through a company.

^thanks tom


i just read this..bit old, but very relevant today..
https://blockstream.com/2014/11/17/blockstream-closes-21m-seed-round/

The reason we were able to attract A-list investors is our group of founders and the promise of blockchain technology. As Reid wrote in his blog post today, “As Bitcoin evolves, Blockstream will play a huge role in helping it maintain its momentum, by making it easy to add new capabilities to the platform. And Blockstream’s success will in turn generate new waves of technical and entrepreneurial innovation — it will help make Bitcoin the kind of open, highly adaptive platform upon which a vast array of complementary products and services can be built.”

eh...bitcoin was doing extremely well without blockstream, maintain btc momentum lols....
blockstreams success? so where is this revenue going to come from...fees, licenses etc
we have saw phenomenal technical and entrepreneurial innovation without blockstream.


Inspired by the early cryptographers’ edict “cypherpunks write code,” we believe that the best marketing and promotion will be Blockstream’s products and services themselves. We seek to deliver incredible software and services that allow others to build their business and realize order of magnitude greater success with Bitcoin and blockchain technology.

blockstreams products and services wont be free...
think of blockstream as the isp for chain,you will have to play by their rules and price structure.
 they will have a corp business model sucking the life out of bitcoin.

maybe this, but it's not secret anymore  
https://www.coindesk.com/f2pool-reneges-mining-pool-pulls-segwit2x-support-hard-fork/

This is one of the most amazing things about the whole Segwit fork - the wallets don't support the Segwit transaction format after MORE THAN A YEAR of development work was put in. And the Kore devs are even saying "don't use Segwit yet"!  I can't think of a more over-hyped/mindless software upgrade in recent history (and there have been a ton...)

The fanbois just keep marching forward, oblivious to the buzz-saw spinning directly in front of them...

Has anyone else noticed that BTC and BCC prices seem to move together, rather than opposite one another, as would be expected? The total BCC+BTC market cap has ballooned out quite a bit in the past few weeks.

A vast majority of miners support core but had to sign for the NYA to help strongarm segwit activation it was mainly jihan & roger and the pools they either own or had stakes in that was against.

Just look as when BitCash was almost twice as profitable many miners stayed on core they did not all switch like was predicted and as soon as profitability dropped most all switched back without a second thought the only miners that stick with BitCash are the die hard that are against segwit

are you a politician,lol, the way you dodge what i said and say something else,lol

ok, core/users(like u) dont want 2x, miners do...core doesnt give them 2x...what happens to core coin hash, why should miners mine for them?

 tek im pretty sure you have more posts on this thread than me...doing alot of typing for such a busy man lol
anyways, thanks for answering...segwit is not being used by you or others and may never be...so its pointless really 

Its not just core the users do not want 2x either and if the users refuse to give this fork any value then the miners will not support it also many miners only supported it to force segwit activation.

no matter what there is defiantly going to be some fun times ahead plus 2x might not be the next fork this BitcoinGPU fork is could happen first but that fork wont disrupt the mining power because its using a different algorithm (equihash I believe) so this could disrupt etherium or some other GPU coins but I expect it to largely fail but I believe that this fork is a retaliation against 2x

Miners are the bread and butter of Bitcoin. They are gonna get burned

I work 4 days a week so during this time a rarely visit due to time restrictions so I miss a lot I don't live on here like some do.

The main reason not many are using segwit yet is no wallet support I know some if not all hardware wallets do but when it comes to software its still command based and pretty much just the core wallet until this changes then segwit will never be mainstream and even then I will still keep my offline storage in a legacy wallet address.

Transaction times right now are pretty fast even with a fairly low fee like I said earlier I received a payment yesterday of around $350 and the fee was just $1 and was included in a block 2 mins later and had 3 confirmations within 15 minutes.

why? whats the secret? lol

I agree but it has created a lot of Hype in Crypto Industry but now it is not able to survive in the market. I think after the Segwit Bitcoin price is boosting and moving towards the positive direction.

I suspect there are several turncoats who haven't yet revealed their true colors.

can someone answer this please...

since core dont support the miners seg2, why should miners mine on legacy/segchain?(apart from current profitabilty stuff)

wouldnt the miners just move to bch for good? and if they did, who would support the old chain?

core are crazy playing such a dangerous game with the miners imo.

tek did you not see the question i asked a few posts ago to you....
my point is no one is using segwit, and the people on legacy are confused on high fees and slow tx times.
are you still playing the concern troll btw 

Why do you seem under the impression that just because we have segwit it means everybody is forced to use it because we are not 99% of all transactions are still legacy which means they are exactly the same as from day 1.

What segwit does allow is safer use of side chains if you ever wish to use them and again you are not forced to its just a option.

 

Any speculation is possible, but I am amazed how it jumped to coinmarket #3 within just about a month since its released. Also, it was more like a wildcard, a sudden announcement of bitcoin hard fork in the middle of segwit, next thing you know, you have same amount of bitcoin cash as bitcoin.

The BCC price is consolidating. It is interesting to see where it goes. My guess is that it will go down if no attracting roadmap in hand for BCC