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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 713. (Read 704406 times)

legendary
Activity: 1806
Merit: 1828
tell me why you prefer 3rd party bitcoin aka segwitcoin as a settlement layer, over what we have always used peer-to-peer electronic currency?

So this is a peer-to peer network that was set up here? One that is dominated by the magical mystery miner(s) during the bust periods? They've already demonstrated that they can muster over 90% of the hash rate during the bust periods. Is that decentralized? Is that secure? You have magical mystery miner(s) on this network and you don't know who the fuck there are. You really thrust them? Trust? I thought cryptocurrency was supposed to be trustless.  Roll Eyes
Also, you keep trying to introduce the flaws of the other chain, rather than address the flaws of this chain. Is that all you can come up with? "Well at least this is better than segwitcoin?" My argument is that leaping to this coin is equivalent to leaping out of the frying pan and into the fire. Appears with this solution, you are still going to get burnt? Why? Because some of the same players that are making the other chain shitty have given birth to this monstrosity.
legendary
Activity: 2758
Merit: 1075
https://www.plus500.com/Instruments/BCHUSD


plus500.... good luck with that
lols i dont use it, but i know alot of wannabe crypto traders use it.
hero member
Activity: 1022
Merit: 507
tell me why you prefer 3rd party bitcoin aka segwitcoin as a settlement layer, over what we have always used peer-to-peer electronic currency?

Both camps will have to try their solutions for some time.
Soon we'll see what's wrong both with Segwit and big blocks.
full member
Activity: 162
Merit: 100
Meanwhile, btc fees are higher than ever, almost double than before the fork...
Wasn't the fork supposed to improve this?
Am I missing something?

(I'm not a bch troll...)

legendary
Activity: 2758
Merit: 1075
 tell me why you prefer 3rd party bitcoin aka segwitcoin as a settlement layer, over what we have always used peer-to-peer electronic currency?
legendary
Activity: 1806
Merit: 1828

Keep putting the blinders on. You really think this is a grassroots movement?  Cheesy Prepare to be devoured by the real whales! If you really think this is the people's coin, than you must think the People's Republic of China is a country for the people and by the people.
what blinders?, tell me why you prefer 3rd party bitcoin aka segwitcoin as a settlement layer, over what we have always used peer-to-peer electronic currency?

bch upgraded bitcoin according to the way the dev intended.

So Satoshi intended to have a screwed up retarget algorithm that will continually cause boom and bust cycles (for the miners)? I really don't think so. Good luck ever getting this network to reach some kind of reasonable equilibrium when it comes to average block times.
legendary
Activity: 2758
Merit: 1075
I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.


Come and tell us that in a year when the pumpers have taken all the bitcoin they can get from the naive.

There is only one bitcoin and the shills in this thread are doing it purely to get more of it.

I'm afraid this goes deeper than that. This is an attempt by Jihan Wu, Roger Ver,  Craig Wright and others to do a hostile takeover. You sure you are ready to take this on? This is not an igotspots shitcoin.  Cheesy

cmon bones m8, its blockstream thats takings things over...alot of things,
the names you mention have always been in btc,
 they wont have the power to mess with things like 3rd party company coin, that will try to dictate rules and fees for a slow and expensive service.



Keep putting the blinders on. You really think this is a grassroots movement?  Cheesy Prepare to be devoured by the real whales! If you really think this is the people's coin, than you must think the People's Republic of China is a country for the people and by the people.
what blinders?, tell me why you prefer 3rd party bitcoin aka segwitcoin as a settlement layer, over what we have always used peer-to-peer electronic currency?

bch upgraded bitcoin according to the way the dev intended.
legendary
Activity: 1806
Merit: 1828
I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.


Come and tell us that in a year when the pumpers have taken all the bitcoin they can get from the naive.

There is only one bitcoin and the shills in this thread are doing it purely to get more of it.

I'm afraid this goes deeper than that. This is an attempt by Jihan Wu, Roger Ver,  Craig Wright and others to do a hostile takeover. You sure you are ready to take this on? This is not an igotspots shitcoin.  Cheesy

cmon bones m8, its blockstream thats takings things over...alot of things,
the names you mention have always been in btc,
 they wont have the power to mess with things like 3rd party company coin, that will try to dictate rules and fees for a slow and expensive service.



Keep putting the blinders on. You really think this is a grassroots movement?  Cheesy Prepare to be devoured by the real whales! If you really think this is the people's coin, than you must think the People's Republic of China is a country for the people and by the people.
legendary
Activity: 2758
Merit: 1075
I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.


Come and tell us that in a year when the pumpers have taken all the bitcoin they can get from the naive.

There is only one bitcoin and the shills in this thread are doing it purely to get more of it.

I'm afraid this goes deeper than that. This is an attempt by Jihan Wu, Roger Ver,  Craig Wright and others to do a hostile takeover. You sure you are ready to take this on? This is not an igotspots shitcoin.  Cheesy

cmon bones m8, its blockstream thats takings things over...alot of things,
the names you mention have always been in btc,
 they wont have the power to mess with things like 3rd party company coin, that will try to dictate rules and fees for a slow and expensive service.

legendary
Activity: 1806
Merit: 1828
I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.


Come and tell us that in a year when the pumpers have taken all the bitcoin they can get from the naive.

There is only one bitcoin and the shills in this thread are doing it purely to get more of it.

I'm afraid this goes deeper than that. This is an attempt by Jihan Wu, Roger Ver,  Craig Wright and others to do a hostile takeover. You sure you are ready to take this on? This is not an igotspots shitcoin. So far, they've manged to weasel their way into getting listed on almost every exchange. And what happens if an exchange is delaying listing? Get twitter trolled by Jihan Wu. https://twitter.com/JihanWu/status/899233297208705025 Cheesy
sr. member
Activity: 365
Merit: 300
I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.


Come and tell us that in a year when the pumpers have taken all the bitcoin they can get from the naive.

There is only one bitcoin and the shills in this thread are doing it purely to get more of it.
full member
Activity: 476
Merit: 105
Why Bitcoin Cash will Win & Segwitcoin will fail.

    Bitcoin Cash Mining Profitability increases and Miners jump to Bitcoin Cash which slows segwitcoin (making an already slow coin even worse)
    Currently  82282 Unconfirmed Transactions : https://blockchain.info/unconfirmed-transactions
    (And when too many miners drop segwitcoin, causes a Death Spiral killing Segwitcoin.)
     *Once LN is activated, this will decrease Onchain Transactions per segwitcoin, decreasing the Miners Onchain Profitability even more.*

or

     Bitcoin Cash Mining Profitability Decreases and Miners jump to Segwitcoin which means the difficultly level for Bitcoin Cash will drop and be more profitable the next cycle.
     Plus what many fail to understand is that Unknown seems to be fully supporting Bitcoin Cash, all unknown has to do is mine segwitcoin and convert to Bitcoin Cash,
     which will cause segwitcoin price to drop while increasing Bitcoin Cash.

Either way Bitcoin Cash ends up the winner and segwitcoin the loser, only real question is : how many cycles before segwitcoin is dead or just less profitable to mine forever.


╥Aztek
You must have a lot of money invested in BCash, because all you do is spread FUD about Bitcoin.


I do have alot of money invested in Bitcoin Cash, Death Spiral and Conversion Price rates are not fud , anyone can look at them and make up their own mind.

Calling something fud, because you either don't research it yourself or don't have the IQ to understand it, is pure laziness on your part.

You call it fud, because logically my above statement can not be refuted.


╥Aztek

The fact of the matter is Bitcoin is #1 and will continue to be #1 no matter how much FUD you spew out. It's a shame that you feel the need to attack Bitcoin just to increase your profit on BCash. The price push is coming primarily from Korea. Koreans are the ones propping up your BCash. Just hope that they don't pull out otherwise you'll be be crying yourself to sleep every night. I and most others will stick with the real Bitcoin. Enjoy your BCash.
sr. member
Activity: 2254
Merit: 258
http://segwit.party/  ....yea when they dump on everyones ass and begin to takeover the bitcoin network forever.

1day and 19hours ....decision time for many  Cool

bcc/bch /bitcoincash is going to fly...just got added to huobi and okcoin today...just before the segwitcoin dump  Shocked
When the chinese quickly realise that  the real bitcoin is on sale for under $700...they will be buying..
I was expecting a bit more action with the huobi listing. Ah well the chinese only waking up to the news.

I guess Bitcoincash is here to stay and will always be on top 5 in the coinmarket, we have seen it's up and down in 23 days but many miners are coming and exchange it so this free coin will be part of our life from now on.
hero member
Activity: 532
Merit: 500
http://segwit.party/  ....yea when they dump on everyones ass and begin to takeover the bitcoin network forever.

1day and 19hours ....decision time for many  Cool

bcc/bch /bitcoincash is going to fly...just got added to huobi and okcoin today...just before the segwitcoin dump  Shocked
When the chinese quickly realise that  the real bitcoin is on sale for under $700...they will be buying..
I was expecting a bit more action with the huobi listing. Ah well the chinese only waking up to the news.
legendary
Activity: 1806
Merit: 1828
http://segwit.party/  ....yea when they dump on everyones ass and begin to takeover the bitcoin network forever.

1day and 19hours ....decision time for many  Cool

bcc/bch /bitcoincash is going to fly...just got added to huobi and okcoin today...just before the segwitcoin dump  Shocked
When the chinese quickly realise that  the real bitcoin is on sale for under $700...they will be buying..

I wouldn't trust one Yaun or one satoshi with either of those exchanges. I would not recommend anyone make any deposit with those two. Fortunately, there are a plethora of other exchanges to choose from.

https://qz.com/1059179/huobi-and-okcoin-chinas-two-biggest-bitcoin-btc-exchanges-were-themselves-to-150-million-in-idle-client-funds/
legendary
Activity: 2758
Merit: 1075
http://segwit.party/  ....yea when they dump on everyones ass and begin to takeover the bitcoin network forever.

1day and 19hours ....decision time for many  Cool

bcc/bch /bitcoincash is going to fly...just got added to huobi and okcoin today...just before the segwitcoin dump  Shocked
When the chinese quickly realise that  the real bitcoin is on sale for under $700...they will be buying..
sr. member
Activity: 294
Merit: 250
People are saying it is taking a very long to transfer BCC BCH. Has anybody transferred today? How long is it taking? What type of fees is being charged?

Fee is still cheaper than dirt. It's taking longer to transfer BCH because difficulty increased on BCH at the same time difficulty dropped on BTC. So the difficulty is higher and the available hashpower is lower, double whammy.

Compare that to a day or two ago when BTC's mempool was flooded, all kinds of people had transactions stuck, even with the increased hashpower it is still flooded.

I believe that eventually BCH will become the dominant chain simply because it is more profitable for the dominant traders if it replaces BTC. It's also the better technology but people will debate that all the way up until it becomes the economic reality that BCH is preferred and that they must adapt. Even after the flippening people will be jilted that they were cheated unfairly although it was ultimately their own choice not to hold onto their BCH. People are being suckered into parting from their share dividend, or rather, selling their BCH which is the actual share and holding the dividend which is the segwitified-BTC.

You are absolutely right that it's taking longer and longer to transfer BTC and fees are going higher. The most recent pump with BCH was most likely manipulated to pull as many of the miners away from BTC as possible. I know people that don't want to send BTC because of the fees going too high. How will Segwit effect the fees? It is a civil war that is destructive on both fronts when BTC is already making plenty of self-destructive decisions.

Based on current figures Segwit will be enough to empty the mempool which will return fees to a more reasonable number. Thanks to the miners moving off BTC for a bit that will also be slightly accellerated as the difficulty drop and miners switching back will likely mean blocks will come in slightly faster than targeted for the next adjustment period.
legendary
Activity: 1806
Merit: 1828
Last block over an hour ago? Mining and confirmation are slower

The difficulty changed upward a few hours ago and many profit seeking miners switched to the other chain or shut off their older, inefficient ASICS. Expect slower confirmations until either the BCH market price becomes higher, the emergency difficulty adjustment comes into play, or the chain finally reaches the next regular difficulty adjustment. You could also hope that a huge correction comes into play on the BTC market.  
member
Activity: 130
Merit: 10
Last block over an hour ago? Mining and confirmation are slower
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