Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 696. (Read 704812 times)

Thanks for the link!

The vast majority is ready https://bitcoincore.org/en/segwit_adoption/ I did expect there to be some released for the day after activation though and eager to see the effects

and for the upto 4MB its something you will never see but it is possible typically you will see up to 2MB equivalent

 

Yes, "users to use segwit addresses" you're suggesting this will be at or near 100% implemented? I'm asking, how much of the whole will be using this at the time of the hard fork come November (I forgot my months lol 1month, but it will be here quick, it's taking some many months to get BCH onto places like CoinBase.. why weren't more segwit adopters ready when it was scheduled to go live, wtf is up with that???   )



From what I understand of the block, this is not entirely accurate, can you breakdown exactly the structure and how it will be made to take advantage of a full 4MB?

More or less a month ? its about 3 month should be end of november possibly december depending on how much block times got delayed

All of segwit is implemented ? that does not make sense all it needs is for users to use segwit addresses but until the wallet devs send out updates this wont get mass adoption

segwit will allow for blocks to be around 2MB equivalent but possible to get to around 4MB equivalent so yes its a substantial increase  

Segwit did just activate, and we are more or less a month away from the next hard fork. How much of the segwit program will actually be implemented by the time the hard fork arrives?  Will there have been substantial time to have some metrics to see what benefit segwit has made before the hard fork?

https://www.youtube.com/watch?v=AkbSrmsYJ9c

A few things wrong with that

1. Segwit just activated people are not using it yet wallets need to roll out versions that give out segwit enabled addresses
2. If BCH was the same value as BTC then the fees would be higher and thats with no volume and well under 1tx/s (currently 0.24tx/s) and block times being 5x faster now what will happen if volume was to increase substantially and block times normalised at 10 mins and people started spamming the mempool constantly im sure things would change
3. The network has not been stress tested to see if it can cope with constant full large blocks it will take considerably longer to verify the block which will mean more empty blocks being mined BTC gets empty blocks mined because a new one is found on the headers of the previous before its verified now multiply that by 8

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.

You can now try https://www.yours.org
(beta release)

We all know that someone was ViaBTC and bitmain though.

Bitclub seems to have gone away which I find weird as they were supporting when it was unprofitable but now its profitable due to fast block times are no where to be seen im thinking they were possibly trying to stop the EDA but did not have enough hashing power to create enough blocks

All signs point to the fork happening what happens between those two will get interesting with these hash swaps.

BCH held solid for almost two weeks almost a flat line, somebody was carrying the load to keep it alive preventing the continuing plummeting.. then it explodes for 200% ?  It's doing some "consolidation" if that's what it's called, but it isn't plummeting, it's holding some of those gains.

Dash has been making some nice gains, that's one I wish I could have taken a position in earlier...

It may not happen in november due to the slower block times most likely will though and if/when that does happen then things can be recalculated depending on what happens

The miners may have shown strong support to get segwit activated but that does not mean anything if the users do not give it value.

I personally can see this being a non starter and dying but who knows I could be wrong I have been before.
BCH would have died in the first week if the miners didn't loose propping it up but since it was their creation they had something to loose where as the 2x fork its identical to BTC just with a slightly larger block they have no mining power to prop it up and no difficulty alterations to abuse so it all depends on if the miners care enough to switch power over I would say no

And this is probably one of the things we can agree on 2x will most likely die

That's fair, but don't forget that November fork when doing the communities such favors eh  

I wouldn't really call it a forecast just thinking logically and putting ideas out there take them as you wish just something for people to look out for and things that the short sighted may have over looked.

When people see those $$$ they stop thinking rationally just look at how many people bought into things like chaincoin seeing the huge gains and the ever increasing $$$ and what happened there 

Your yearlong forecast omits the November fork. A lot of things are about to change, nobody knows for sure but you can bet your a** that those who have a clue have positioned themselves accordingly.

Thats because we don't know the future just what can happen if this "winning formula" the miners are currently (ab)using continues
If they stop doing this then the miners will leave and you have to wait for the normal adjustment but this will still be unprofitable so I see this happening for the foreseeable future.

I said possibility what most likely will happen is if it gets to the point where the miners decide it will no longer be profitable they will slowly sell what they have if they just dumped it all now it would crash the market that would be a insane thing to do when you can slowly let it bleed in maximising on your earnings.

There are many possibilities that can happen this is just one and if the miners have to keep manipulating the difficulty as they are now this is the one that will most likely play out.

You have already witnessed BCH being massively more profitable than BTC and just took around 40% of hashing power that the difficulty adjustment will be correcting for but when BTC is massively more profitable BCH pretty much dies as all miners leave yea its to game the difficulty but you can only do this for so long.

Plus if the difficulty has to keep dropping to be profitable and its still being gamed that will speed up block creation times even further and if that does happen and get so fast you may even see the next halving to 3.125 before next year is out

The miners are essentially bleeding this coin dry

Too many "ifs" "unless" "we will call it" far too dynamic to just sideline call it.  Lots of cogs and wheels we don't see... best of luck.  

^ tek, you maybe right, but..
why is there no huge dump if thats real?
why are the big bch wallets getting bigger?

i see it as part of the plan to get rid of weak hands.

Not really more fact.

At the current rate you are mining 2016 blocksets in 2-3 days instead of 14 days essentially 4-5 times faster with the next halving being 610000 blocks that means you have 146386 blocks left and at we will call it 2.5 mins a block that means the halving will happen in 365965 mins or around 254 days which will be Monday, 7th May 2018 (give or take a month or 2) the miners will earn 6.25 per block.

At current values the BCH chain needs to be running at around 6% of BTC to remain profitable after that date it will need to run at 3% just to remain profitable for the miners unless the value closes on the BTC value if it drops further behind then you are looking at needing to run under 3% possible down to 1% and during this time the BCH market is being flooded with coins that have the possibility to be sold faster than buyers essentially driving down the price.

no lauda/roselee, its not nice to see you, you have always been a twisted mental person,  ..please dont speak to me or quote me.