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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 711. (Read 704406 times)

full member
Activity: 392
Merit: 154
How many BCH do you think Coinbase is holding? Do you think the price will drop once all of these coins are released in Jan?

I think the price will change very little nobody knows I expect the 2x fork to affect the price of this more in November I would worry about this first
newbie
Activity: 29
Merit: 0
How many BCH do you think Coinbase is holding? Do you think the price will drop once all of these coins are released in Jan?
hero member
Activity: 1923
Merit: 538
BTC wallet on maintenance at Bittrex
full member
Activity: 322
Merit: 100
Looks like Bitcoin Cash waiting for takeoff in the very near future, I think it's time to buy it:
Quote
Blockchain.info just released a blog post saying they will support bitcoin cash (BCH). They have been monitoring it since the hard fork on August 1. Within the next 8 weeks they will be rolling out limited support for BCH via their settings panel. The panel is situated on the blockchain.info user wallet home page.
original: https://news.bitcoin.com/blockchain-info-to-support-bitcoin-cash/
What does that mean? Is Blockchain going to offer BCH wallet as well soon or they are just building tools for their users to easily pull out their BCH from Blockchain?
sr. member
Activity: 434
Merit: 250
what happened is vast majority of miners just got up and left as soon as diff increased

Absolutely untrue. Hashrate was for weeks around 0.5. Recently it peaked at 3.3 and now it's at 1.76. At no point "vast majority of miners left", stop lying.

look here
https://cash.coin.dance/blocks
in the last 12hrs only unknown, viabtc and 2blocks by btc.com
before there were btc.top, f2p, ant, bat, uu where are they now?

Bitcoin cash difficulties raise so they all gone to mine bitcoin. You will see this kind of activities after every 2 weeks when activities increase and decrease according to hash power.
legendary
Activity: 2758
Merit: 1075
^ i dont know m8..but i know they and more will be back.

im dumping alot of my segwit coin now, i think the pumps over and its gona crash...i see no reason for anyone to buy esp with the problems and at such a high price.


im not supporting blockstream and its time to move onto to better things...

Bitcoin cash... here we come  Cool Kiss
member
Activity: 118
Merit: 10
what happened is vast majority of miners just got up and left as soon as diff increased

Absolutely untrue. Hashrate was for weeks around 0.5. Recently it peaked at 3.3 and now it's at 1.76. At no point "vast majority of miners left", stop lying.

look here
https://cash.coin.dance/blocks
in the last 12hrs only unknown, viabtc and 2blocks by btc.com
before there were btc.top, f2p, ant, bat, uu where are they now?
legendary
Activity: 2758
Merit: 1075
what happened is vast majority of miners just got up and left as soon as diff increased

Absolutely untrue. Hashrate was for weeks around 0.5. Recently it peaked at 3.3 and now it's at 1.76. At no point "vast majority of miners left", stop lying.
john , thanks for that  Smiley   

hero member
Activity: 589
Merit: 507
I don't buy nor sell anything here and never will.
what happened is vast majority of miners just got up and left as soon as diff increased

Absolutely untrue. Hashrate was for weeks around 0.5. Recently it peaked at 3.3 and now it's at 1.76. At no point "vast majority of miners left", stop lying.
legendary
Activity: 2758
Merit: 1075
Im not sure even Jihans and Rogers hands are as strong
It may be a poker game, but BCH lost a big battle here IMO
what happened is vast majority of miners just got up and left as soon as diff increased. it means they are not supporting BCH beyond some possible quick buck.
I think BCH will try to trigger emergency diff adjustment, its the only card they have now.
for EDA to trigger there has to be less then 6 blocks mined in the past 12hrs
as you can see viabtc and unknown mined last two blocks more then 3hrs ago
I think they either gave up or will try to trigger EDA before prices start to drop too much
i agree with what you see and i think this is the perception that has been created intentionally.
I  think miners (& exchanges) are smart and i dont see them handing the keys to their business books and profits to blockstream,esp the way core treat seg2x
They all know whats at stake, they have more to lose than anyone if they join blockstream.
There is alot of weak hands ,holding bch , they must go now while the price is low.

Im sure once the dust settles, this coin will be worth more than the old versions as it is tech far better and simpler than other btc choices.
member
Activity: 112
Merit: 10
Im not sure even Jihans and Rogers hands are as strong
It may be a poker game, but BCH lost a big battle here IMO
what happened is vast majority of miners just got up and left as soon as diff increased. it means they are not supporting BCH beyond some possible quick buck.
I think BCH will try to trigger emergency diff adjustment, its the only card they have now.
for EDA to trigger there has to be less then 6 blocks mined in the past 12hrs
as you can see viabtc and unknown mined last two blocks more then 3hrs ago
I think they either gave up or will try to trigger EDA before prices start to drop too much

And this is why adaptive difficulty is bad.

This puts us back in a similar situation to when the fork first happened. Not enough hashing power to get blocks through. Price pump to encourage miners. Temporary switch. Difficulty drops. Miners follow the profit. Then follow it back. Hashing volatility in both chains.

Not good for anyone.
hero member
Activity: 589
Merit: 507
I don't buy nor sell anything here and never will.
In this case, a small group of miners wanted to change something, but couldn't get the 51%, so what do they do? fork off the chain. oh my god they should have followed the majority!

No, they shouldn't have. You cannot impose your will onto another human beings, what the fuck is wrong with you? People do what they want to do, they always have and always will. Anybody can make a fork of anything, anytime. It has nothing to do with you, it's none of your business.
member
Activity: 118
Merit: 10
Im not sure even Jihans and Rogers hands are as strong
It may be a poker game, but BCH lost a big battle here IMO
what happened is vast majority of miners just got up and left as soon as diff increased. it means they are not supporting BCH beyond some possible quick buck.
I think BCH will try to trigger emergency diff adjustment, its the only card they have now.
for EDA to trigger there has to be less then 6 blocks mined in the past 12hrs
as you can see viabtc and unknown mined last two blocks more then 3hrs ago
I think they either gave up or will try to trigger EDA before prices start to drop too much
legendary
Activity: 2758
Merit: 1075
BCH network grinding to a halt its not even funny. Last block mined 2 and half hours ago

i see it as a transitional period and games are being played..the ultimate crypto poker game.

if i go by what i know, im very sure this as an attempt to get people to dump bch and rid of any weak hands before next mega rally up.

Bullish  Cool   (and no im not crazy lol)
member
Activity: 118
Merit: 10
BCH network grinding to a halt its not even funny. Last block mined 2 and half hours ago
member
Activity: 112
Merit: 10
Why abuse?
BCH difficulty was very low due to few post-fork EDAs, and many miners started switching after the price started increasing just before retarget.
The result was mining next 2016 blocks much quicker.
This, in turn, led to x4 diff increase for the next period.
So, this is not "Error by design" but rather "works as designed"

Because it's only happening because of a combination of price and hashing manipulation.

Which is causing instability in BOTH chains. As the hashing power moves around following the best payout, one chain speeds up, the other slows down. Until the profitability flips again, and they all go back in the other direction.

When you have self interested whales, and self interested miners, playing the numbers to make the most money is always likely to happen. And clearly has been for the last few weeks.

But in the longer term, I agree with the Bones guy, that isn't good for anyone.

And if a third chain is spawned in November, I hope to god it dies off quickly because the hashing jumping between THREE chains will only make things worse ....
hero member
Activity: 1022
Merit: 507
Hey Guys,

Why did Bitcoin Cash difficulty increased about X 4 times in ~24 hours? Bug or something else?




It's "Error by design" which got abused by miners to mine by far more BCH blocks than they should (started parallel to the heavy pump of BCH via KRW/BCH pairing), now after some days the diff adjustment kicked in and the miners leave again as it's no longer profitable to mine BCH. As per current hash rate in 2 weeks and 2 days the diff will go down again and most likely the miners will come back to abuse that "feature" to make a lot of money in short time Wink

Just look e.g. at POW / Regarget, POW / Hashrate, Blocks / Blocks/hr, Reward / Opportunity costs, ... at http://fork.lol

Why abuse?
BCH difficulty was very low due to few post-fork EDAs, and many miners started switching after the price started increasing just before retarget.
The result was mining next 2016 blocks much quicker.
This, in turn, led to x4 diff increase for the next period.
So, this is not "Error by design" but rather "works as designed"
legendary
Activity: 2758
Merit: 1075
oh ...sold some more segwetters coin there...$4200

<----buying bch  Smiley
legendary
Activity: 2758
Merit: 1075

can bitmain close my wallet?
can bitmain charge me to open a btc wallet in future?
can bitmain exclude countries from using the network?
NO,NO,NO   and they cant do this on btc or bch

The whole concept of btc is built from miners, they get rewards for their work...wtf are blockstream doing to get a slice aswell?
your missing the point, apart from the tech on both coins...im more concerned with blockstream owning the whole crypto ecosystem, something your either ignoring or dont understand.


Can Bitmain refuse to verify my transactions?
Can Bitmain take steps to charge me outrageous fees?
Can Bitmain use a backdoor in my miner to get me to stop mining?

Yes,Yes, Yes...but they can also do this on btc....

You are so focused on Blockstream that you are willing to follow Bitmain along in their plans to do a total takeover, of both chains. I guess manufacturing and selling 70% of the Asics and running several pools that have a lion's share of the Hashrate isn't good enough. Now he can control two coins, and pit them against each other so that he can profit even more.


theres only two choices really, and i choose the side closer to the version i have always used.
as for bitmain, so what if they control so much today, before them someone else did and after them so will others...maybe even govs start mining farms and competing..this is how bitcoin gains value.
blockstream on the other hand is a complete dif story and yes i am very focused on them and their agenda on how to profit from all of US.

Just a thought..why is btc so slow and blocks have been full and expensive...who is causing this...

im now convinced its blockstream,segwitcore...they dont want seg2x , its 100% clear...its in their interest to keep it at 1mb full , so people have to use segwit.

2x wont happen, core doesnt want bigger blocks, if it were up to them, we would be on 250kb and paying $100 per tx
0-yes votes
https://en.bitcoin.it/wiki/Segwit_support
look closely...
No    doesn't support (but might or might not go along with it with sufficient community support)
Prefer    it is what he would choose if it was only up to him and no outside influences

                     Aff*    Segwit itself    Deployment methods    Hardfork bundles (Silbert agreement)
                                BIP 141    BIP 148    BIP 149    BIP 91    Segwit2x    COOP

Matt Corallo    Core    Prefer    No                Acceptable    LOL
Mark Friedenbach    BIP 68/112    Prefer Prefer  No    Acc. until July    LOL    Nope
Peter Todd       Prefer    Deficient    Wanting    Acc. until July    LOL


these are the two dominant choices....to many bitcoiners are hoping for "might or might not go along with it with sufficient community support"
but in reality the devs have already made it clear on what they want, by choosing prefer. no segwit2x
not only have they all said no, the response from these guys...LOL, really!

so whats next for segwitcoin...where will it go, what happens in nov.....

i say let all these guys go, move on and stick to satoshi's vision and trade and hodl like we always have, but faster and cheaper than ever, with no 2nd layer ,3rd party.
sr. member
Activity: 616
Merit: 252
******cash is not the way satoshi nakamoto intended bitcoin to be used. He clearly stated that 51% of the miners should agree if the protocol were to be changed.

In this case, a small group of miners wanted to change something, but couldn't get the 51%, so what do they do? fork off the chain. oh my god they should have followed the majority! That is how bitcoin works!

Instead they made a new altcoin that they call cash.... o well...
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