Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 693. (Read 704812 times)

They are happy to have non-believers discard their BCH because it means they can further increase their holdings. I think they understand the average Bitcoiner's psychology and have played it to their advantage. Most are incapable of comprehending how a coin with a different ticker than the traditional BTC can be viewed as the legitimate chain. This is a trivial aspect as far as the code and underlying economics are concerned but a huge psychological wedge for accumulating market share.

I truly believe the people who can rationally understand this split are vastly outnumbered by people who are unable or unwilling to broaden their perspective. There are a ton of new BTC maximalists expecting each new high of btc's price to be the last opportunity to buy at a price that will eventually be considered far too low. There are some wacky ideas out there, a lot of people who want to get rich quick without much thought involved. There are a ludicrous number of people who's plan can essentially be boiled down to "I saw Bitcoin hit an all time high and a few notable people like snapchat's ceo said it could go to a million dollars so I bought one and will hold until I can retire." That's all well and good that they get involved and have a dream but the time window they put on this occurring is typically irrational and naive as far as I am concerned.  Among.... other things...

I really want to agree with you on this but if we look at the state of the world today... it looks like that people who are unable/unwilling to broaden their horizons are outnumbering the smart people.  

Yea in a couple of hours BCH should become around 240% less profitable (I have seen it estimated at one point to be over 300%) essentially BTC miners will earn almost 3x as much as a BCH miner and all miners will most likely abandon the network again probably just for a day though until the EDA kicks in and drops it until blocks are mined at 2m intervals for a couple of days rince and repeat as long as possible until one day people have enough

The problem is that people like McAfee and Jihan and Roger, they should be promoting this BIG TIME, all over the place... but we don't see none of that at all. I have been following this thread a long while now, I really think BCH is much better than BTC at this point, from the technical point of view but will people realize this? Jihan and Roger are not doing much advertising about benefits of BCH from what I can see. You know the old saying, "Out of sight, out of mind." and this is what scares me.

The problem is that people like McAfee and Jihan and Roger, they should be promoting this BIG TIME, all over the place... but we don't see none of that at all. I have been following this thread a long while now, I really think BCH is much better than BTC at this point, from the technical point of view but will people realize this? Jihan and Roger are not doing much advertising about benefits of BCH from what I can see. You know the old saying, "Out of sight, out of mind." and this is what scares me.

It is very clear and obvious that BTC is going toward centralization and "patent war" road. The government issued fiat money is much better than BTC in that case.

The whole idea of electronic money is so that it is decentralized and low fees. Just like fiat normal cash, you should be able to use it without fuss and fees.

This is why BCH is the real electronic money and BTC is moving away from that.

But again, it does not matter if no one knows about these facts. Unless Jihan and friends start doing some heavy advertising and get the information out to people... I will be worried.

EDIT: ...and by heavy advertising and promoting to get the information out to EVERYONE, I don't mean post some half cryptic tweet! They should do A LOT MORE! They have the money. Why aren't they doing it? I do not know.

Seems like a brilliant idea. Will go on the site for alittle more details. If i like would i be able to contact you guys via telegram or even with dm

Yes, BCH has to turn on the mass adaption to get get close to BTC, the price is doing good so it will attract investors but regular user, time can only tell....

segwit activated, increase blocksize 2mb, lighting network...Look like Bitcoin is becoming more centralized, however, its value remain n increase due to mass market adoption, we dont see this with bitcoin cash, @ least not at the moment.

this is getting very interesting because either way you chose btc ot bch, it's a win win situation However I wouldn't hedge these two coins because it amounts to sell and buy the same asset, compared to hedging, say Etherum or XMR or whatever. It's true that BCH needs mass adoption, only time will tell how this will turn out.

It could go either way really, if bitcoin cash gets more attention/traction it will change otherwise who knows! Mass adoption is key though.

segwit activated, increase blocksize 2mb, lighting network...Look like Bitcoin is becoming more centralized, however, its value remain n increase due to mass market adoption, we dont see this with bitcoin cash, @ least not at the moment.

i am astonished that people in crypto do not see what lightning is its the aproche to get a monopol on day to day transactions like giro banking does.

and with that patent pending it does not mean they want to protect there work it means they want to steal the gift satoshi gave the world und the unbanked .

This is the reason for all the centralize approach to bitcoin upgrade. I'm so happy Libertarian still exist and the ideology of decentralization will not die! No h"hostile take-over" with BCH.

OUCH. So BTC fees are thousands of times higher than BCC. And BTC has a huge full mempool that Segwit lock-in hasn't helped AT ALL.

At this point we can objectively say that BCH is superior technology when compared to BTC. While BTC has name recognition, big investment, a cult of lemming followers, and lots of market inertia, there is really nothing else going for it. Mainstream hodlers aren't technically sophisticated enough to understand the deficiencies of Segwit, full blocks, high fees, and the coming death spiral. Meanwhile, alts pump and ICOs continue unfettered. BTC/fiat continues to skyrocket, so the crunch will be extra painful.

I think the death spiral thing is really scaring the Segwits, so much so that they have to quickly yell and scream about BCH being in a death spiral, despite no evidence of that.

I've read the death spiral argument over and I believe it's sound. Basically if BTC loses hashrate quickly, it grinds to a halt and no one can transact. The already-full mempool just goes astronomical and no blocks are mined. Since BTC has been so slow anyway, if the majority of hashing goes to BCH for even a week, BTC is in serious trouble. If BTC really does fork again, at least one of the BTC forks (probably the 1MB fork) will certainly become useless and die.

Segwit won't help the congestion and fees and everybody knows it. The people spamming will not use the new Segwit transaction format so the mempool will remain full. Confirmations will be slow and the mempool will be full. Facts. Blockstream hoped that people would have NO CHOICE but to use Lightning, but everyone here knows that any one of 10 top alts are 100x more fungible and useful than LN.


This makes no sense. BCH can and does handle 8x the number of transactions of BTC. If anything, the value of BCH would increase and BTC would decrease as a RESULT of this fact. Same thing with fees, average BCH fees are 1/1700th (0.0588235%) of the average BTC fees, which in an open market would result in BCH value rising and BTC value falling. Let's say BCH was running with full blocks - it's still handling 8x as much commerce. If there is demand for 16x the current BTC on-chain transactions, perhaps the BCH fees would rise somewhat, but it's a long way to get to 1700x...

Furthemore, the BCH network absolutely HAS been stress tested - it survived its release into a hostile environment, during the height of contention about the path forward for Bitcoin. Shortly after launch, the BCH blockchain was spammed, but it cleared the entire spam transaction backlog in a single 8MB block (which was a thing of beauty for those of us watching full blocks for all of these years!). Next, BTC network was stress tested in the same manner (roughly the same number of spam transactions were sent), and it completely fell flat on its face, as it has done so many times in the last 4 years!