[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 697.

winding-coils

member

Activity: 168

Merit: 10

Quote

If BCH carries on manipulating the difficulty like this the block reward halving will happen next year essentially halving the profitability prematurely while at the same time flooding the network with coins causing hyper inflation and a reduced value

Sounds like FUD?

We shall see Grin

Antminer L3+ would have been a great investment at the beginning of the year, now I would stay away until someone acid etches that ASIC BM chip and we can design an ASIC to compete with Bitmain. Takers?

sappi13

newbie

Activity: 66

Merit: 0

Guys suggest some mining Equipments?

mistercashking

legendary

Activity: 1044

Merit: 1050

man I still have bitcoincash on paper wallets I need to sweep. I should get on that asap.

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Gss2k2 on August 26, 2017, 10:21:37 AM

Quote from: judeafante on August 26, 2017, 02:48:26 AM

Quote from: x2666 on August 26, 2017, 02:32:21 AM

A guy I know, tried to send $30k worth of BTC yesterday on lightning network. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

I had one pending and it's been 12 hours you cannot trust a site that gives you a lower fee options because it will takes a lot of time to confirmed, the only option if you want to see your transactions confirming fast is the high fee

The reason it is taking long is because miners are switching from cash to btc to cash to btc. (since btc cant reduce difficulty, the overall network will slow down) If we get 3 coins in November it will be even worse as miners have more choice to jump. Cheesy

Lightning is dead in the short and medium term because your money will be stuck for days trying to get on chain and off. Cheesy

no downwards difficulty readjustment Cheesy

BTC does have a downward adjustment and is due to drop around 40% essentially averaging normal times with the miners jumping back and forth it just cannot be manipulated like the BCH one which is a strength not a weekness

If BCH carries on manipulating the difficulty like this the block reward halving will happen next year essentially halving the profitability prematurely while at the same time flooding the network with coins causing hyper inflation and a reduced value

Gss2k2

full member

Activity: 138

Merit: 100

Quote from: judeafante on August 26, 2017, 02:48:26 AM

Quote from: x2666 on August 26, 2017, 02:32:21 AM

A guy I know, tried to send $30k worth of BTC yesterday on lightning network. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

I had one pending and it's been 12 hours you cannot trust a site that gives you a lower fee options because it will takes a lot of time to confirmed, the only option if you want to see your transactions confirming fast is the high fee

The reason it is taking long is because miners are switching from cash to btc to cash to btc. (since btc cant reduce difficulty, the overall network will slow down) If we get 3 coins in November it will be even worse as miners have more choice to jump. Cheesy

Lightning is dead in the short and medium term because your money will be stuck for days trying to get on chain and off. Cheesy

no downwards difficulty readjustment Cheesy

roselee

legendary

Activity: 1078

Merit: 1000

Quote from: zinkla on August 26, 2017, 07:34:30 AM

Quote from: ChainSmoker on August 26, 2017, 06:13:52 AM

Quote from: ?? on ??

Anyone wanting to watch segwitcoin die, here are some recent quotes from the segwitcoin forum.

Quote from: bjbear123 on August 25, 2017, 03:18:24 PM

Its a shame, to transfer $10 will cost me $5, this is not how bitcoin should be. very disappointed

You are as dumb as the person who post that.Why? Because you don't know that bitcoin fees depend on transaction size not on amount.Hell,you can send a million $ with 5$ fee in bitcoin network as long as you have 256 byte transaction (considering 400sat/byte fee)

You can send a million $ with 5$ fee? but for what? we dont ever need that much in our daily actviities. we only needs $5-10 to top up my prepaid, we only need about $15 for our lunch bill, etc

and to pay that much for a simple tx was for sure not the idea of satoshi. i remember there was a space for fee free tx reserved by satoshi in each block. and that is gone. the way btc is going is to be a richmans coin. was that the intention of satoshi ?

wasnt btc ment to be a freedom coin ? btw what was the reason to put a cup on blocksize ? wasnt it unlimited at the beginning ?

roselee

legendary

Activity: 1078

Merit: 1000

Quote from: Mrpumperitis on August 21, 2017, 02:02:20 PM

Quote from: Lauda on August 21, 2017, 03:38:17 AM

Quote from: Mrpumperitis on August 20, 2017, 09:08:48 PM

I see absolutely no benefit to segwit at all, and not even one person has come forward to tell us , we are wrong and the reasons why we should embrace segwit over bitcoin cash

You must be mentally ill or paid to think something as ridiculous as that.

Quote from: HostFat on August 20, 2017, 10:32:07 PM

Source code: https://github.com/fyookball/electrum

Who's the developer of that? Seems shady.

Quote from: ?? on ??

Coincidence Dash seeing nice gains alongside BCC? Check out who is featured on this guest-list.

A scam coin getting pumped along BCC? How surprising. Roll Eyes

lauda, you talk so much shit, its unreal, you mislead and lie, im sure i know you from another name in the past here...and i hated you then aswell.
You should get out of crypto and stick to cats.

My point highlighted above , again its true, instead of decent conversation on pros-and cons...i get shit, dumb, crap one liners from pathetic stupid chart watching loser trolls.

as for your instamined dash crap, and same with you tek , that shitty monero ..has it even got a wallet yet lol...
go troll your fake-private coins.. on some nooby forum where people are unaware of the long-con.

hi pumpy nice to see you again.
so you are con segwit?
i wonder since you are always very well informed did you see a secure bch wallet yet ?

chicken65

hero member

Activity: 770

Merit: 506

Lemme in!

"Bitcoin sucks, Dump it"
"BCH sucks Dump it"

zinkla

member

Activity: 113

Merit: 11

Quote from: ChainSmoker on August 26, 2017, 06:13:52 AM

Quote from: ?? on ??

Anyone wanting to watch segwitcoin die, here are some recent quotes from the segwitcoin forum.

Quote from: bjbear123 on August 25, 2017, 03:18:24 PM

Its a shame, to transfer $10 will cost me $5, this is not how bitcoin should be. very disappointed

You are as dumb as the person who post that.Why? Because you don't know that bitcoin fees depend on transaction size not on amount.Hell,you can send a million $ with 5$ fee in bitcoin network as long as you have 256 byte transaction (considering 400sat/byte fee)

You can send a million $ with 5$ fee? but for what? we dont ever need that much in our daily actviities. we only needs $5-10 to top up my prepaid, we only need about $15 for our lunch bill, etc

Juiceboxx

newbie

Activity: 53

Merit: 0

Exodus released EDEN for advanced users enjoy the new wallet. Great bitcoin cash wallet. https://www.exodus.io/eden/ Videos below explaining everything. Enjoy.

https://youtu.be/AmUcY48tLoM
https://youtu.be/O0qClELg4jc

Odeoke

sr. member

Activity: 952

Merit: 251

Quote from: ChainSmoker on August 26, 2017, 06:13:52 AM

Quote from: ?? on ??

Anyone wanting to watch segwitcoin die, here are some recent quotes from the segwitcoin forum.

Quote from: bjbear123 on August 25, 2017, 03:18:24 PM

Its a shame, to transfer $10 will cost me $5, this is not how bitcoin should be. very disappointed

You are as dumb as the person who post that.Why? Because you don't know that bitcoin fees depend on transaction size not on amount.Hell,you can send a million $ with 5$ fee in bitcoin network as long as you have 256 byte transaction (considering 400sat/byte fee)

Agreed with you this thread is full of some funny posts actually in the end BCH will lose more value in coming days I don't think this coin has any future without any adoption I sold my all coins in recent pump and keeping the funds into bitcoin.

ChainSmoker

full member

Activity: 294

Merit: 100

Quote from: ?? on ??

Anyone wanting to watch segwitcoin die, here are some recent quotes from the segwitcoin forum.

Quote from: bjbear123 on August 25, 2017, 03:18:24 PM

Its a shame, to transfer $10 will cost me $5, this is not how bitcoin should be. very disappointed

You are as dumb as the person who post that.Why? Because you don't know that bitcoin fees depend on transaction size not on amount.Hell,you can send a million $ with 5$ fee in bitcoin network as long as you have 256 byte transaction (considering 400sat/byte fee)

x2666

member

Activity: 98

Merit: 10

Quote from: guppyrob2 on August 26, 2017, 05:46:24 AM

As I understand the lightning network is not ready for use on the mainnet and only for the testnet of bitcoin.
He probably ment that he sent BTC to a segwit address. if so, it's actualy a normal BTC transaction, that has to be confirmed in the same way a a normal bitcoin transaction.
A lightning network transaction works in a different way.

https://lightning.network/

https://news.bitcoin.com/lightning-network-launches-third-release-featuring-bitcoin-litecoin-atomic-swaps/

http://www.investopedia.com/terms/s/segwit-segregated-witness.asp.

Yes, you're right, I misspoke there.

guppyrob2

newbie

Activity: 2

Merit: 0

Quote from: .cryptic. on August 26, 2017, 03:42:50 AM

Quote from: judeafante on August 26, 2017, 02:48:26 AM

Quote from: x2666 on August 26, 2017, 02:32:21 AM

A guy I know, tried to send $30k worth of BTC yesterday on lightning network. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

I had one pending and it's been 12 hours you cannot trust a site that gives you a lower fee options because it will takes a lot of time to confirmed, the only option if you want to see your transactions confirming fast is the high fee

i hope this changes as the lightning network grows. Is it a good time to get on some BCH? Price seems to be slipping down...

As I understand the lightning network is not ready for use on the mainnet and only for the testnet of bitcoin.
He probably ment that he sent BTC to a segwit address. if so, it's actualy a normal BTC transaction, that has to be confirmed in the same way a a normal bitcoin transaction.
A lightning network transaction works in a different way.

https://lightning.network/

https://news.bitcoin.com/lightning-network-launches-third-release-featuring-bitcoin-litecoin-atomic-swaps/

http://www.investopedia.com/terms/s/segwit-segregated-witness.asp.

serby10101010001100010

full member

Activity: 168

Merit: 100

Quote from: Bytecoiner419 on August 26, 2017, 02:41:44 AM

Only time will tell...for now collect as much as you can of both...and some good altcoins like LTC, ETH & DASH and just hold them for years at a time...lock them up and don't even look at the values for at least a year...if it is way higher, then sell...if not, then wait another year and check the value.

Doing the above can and will make you rich! Cool

Hoarding coins will make you rich.
You just need to have patience...

This is a very good advice because patience is key to success in trading and in many other aspects of our daily lives. In order to collect more BCH, I can't possibly lock them up, I'll have to trade them, buy the dips and sell the ATH.

.cryptic.

hero member

Activity: 532

Merit: 500

Quote from: judeafante on August 26, 2017, 02:48:26 AM

Quote from: x2666 on August 26, 2017, 02:32:21 AM

A guy I know, tried to send $30k worth of BTC yesterday on lightning network. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

I had one pending and it's been 12 hours you cannot trust a site that gives you a lower fee options because it will takes a lot of time to confirmed, the only option if you want to see your transactions confirming fast is the high fee

i hope this changes as the lightning network grows. Is it a good time to get on some BCH? Price seems to be slipping down...

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: x2666 on August 26, 2017, 02:32:21 AM

A guy I know, tried to send $30k worth of BTC yesterday on lightning network. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

I had one pending and it's been 12 hours you cannot trust a site that gives you a lower fee options because it will takes a lot of time to confirmed, the only option if you want to see your transactions confirming fast is the high fee

Bytecoiner419

hero member

Activity: 638

Merit: 516

I ❤ the bitcoin community

Only time will tell...for now collect as much as you can of both...and some good altcoins like LTC, ETH & DASH and just hold them for years at a time...lock them up and don't even look at the values for at least a year...if it is way higher, then sell...if not, then wait another year and check the value.

Doing the above can and will make you rich! Cool

Hoarding coins will make you rich.
You just need to have patience...

x2666

member

Activity: 98

Merit: 10

A guy I know, tried to send $30k worth of BTC yesterday ~~on lightning network~~ through segwit. He was ecstatic about his low fees! Only $3, he reveled in the brilliance of segwit, laughing at BCH.

Then come 24 hours later the transaction still had 0 confirmations. Now he realizes he will probably have to wait another 48 hours until it is returned to him to send it on the normal BTC network with a higher fee.

BTC4QB

full member

Activity: 252

Merit: 100

Aliens are real!

buy in or sell out everyone? it keep sidways, so boring to watch!!! Undecided

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 697. (Read 704812 times)