[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 88.

bones261

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Quote from: Icutgrass205 on November 17, 2018, 12:27:41 PM

Well, we wouldn't be in this situation if ABC would stop trying to add uneeded changes to the protocol every 6 months. SV=p2p electronic cash that scales on chain, ABC=WHC/PLASMA, PoS, and shitcoins. Oh and if you think btc will scale globablly, im afraid not my friend. Lightning network as a severe routing problem, GL with it in a few years

You act as though the direction of BTC is set in stone and incapable of making adjustments if it becomes obvious that the current direction is going the wrong way. Also, I think it hilarious that the powers that be for BCH think a hash war is necessary, when Bitcoin already implemented more civil consensus mechanisms years ago. Well, the good news is that if the powers that be end up bankrupting each other in this pissing contest, at least a new leadership could possibly step in with cooler heads.

Icutgrass205

jr. member

Activity: 98

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Bitcoin is today what the internet was decades ago

Quote from: cAPSLOCK on November 17, 2018, 12:21:37 PM

Quote from: Icutgrass205 on November 17, 2018, 11:36:14 AM

Quote from: cAPSLOCK on November 17, 2018, 01:34:17 AM

Quote from: Icutgrass205 on November 16, 2018, 10:53:54 AM

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

No, you didn't.

You left out the fact that the price also naturally rises to make the block reward profitable. We've already seen that happen twice as block rewards have halved.

Supply and demand, people wont be buying BTC when they realize there is a major routing flaw with the lightning network, and that it can't scale globally. You gonna pay ridiculously high fees to send your BTC back and forth? No miners=no bitcoin its that simple, why would anyone in their right mind keep mining a dead coin at a profit loss.

That's pretty funny, really. It is a question you and Calvin should be asking yourselves right this moment.

Well, we wouldn't be in this situation if ABC would stop trying to add uneeded changes to the protocol every 6 months. SV=p2p electronic cash that scales on chain, ABC=WHC/PLASMA, PoS, and shitcoins. Oh and if you think btc will scale globablly, im afraid not my friend. Lightning network as a severe routing problem, GL with it in a few years

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Icutgrass205 on November 17, 2018, 11:36:14 AM

Quote from: cAPSLOCK on November 17, 2018, 01:34:17 AM

Quote from: Icutgrass205 on November 16, 2018, 10:53:54 AM

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

No, you didn't.

You left out the fact that the price also naturally rises to make the block reward profitable. We've already seen that happen twice as block rewards have halved.

Supply and demand, people wont be buying BTC when they realize there is a major routing flaw with the lightning network, and that it can't scale globally. You gonna pay ridiculously high fees to send your BTC back and forth? No miners=no bitcoin its that simple, why would anyone in their right mind keep mining a dead coin at a profit loss.

That's pretty funny, really. It is a question you and Calvin should be asking yourselves right this moment.

ryzaadit

legendary

Activity: 2688

Merit: 1262

Quote from: AlloM on November 17, 2018, 08:48:48 AM

Anybody have info when blockchain will credit users account with forked coins. I dropped the support ticket too but no answer on release of new coins it looking people will miss the chance to sell their coins at high price.

You should wait for their confirmation, seem like the Team really Bussy for preparing the forked coins. To be honest this its just a stupid fork. Even CEO from Binance want to finish this stupid fork Grin

Icutgrass205

jr. member

Activity: 98

Merit: 4

Bitcoin is today what the internet was decades ago

BCHSV=p2p electronic cash for the world that can scale on chain

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: Mrpumperitis on November 16, 2018, 09:15:43 PM

Quote from: jbreher on November 16, 2018, 08:58:52 PM

Quote from: Mrpumperitis on November 16, 2018, 07:14:19 PM

No sv block explorer ....no sv.

That's not the way it works.

No sv community...no sv Wink

BSV4LIFE #CULTOFCRAIG =) WEEEEEE

valthomas

newbie

Activity: 78

Merit: 0

Quote from: Mrpumperitis on November 16, 2018, 09:15:43 PM

Quote from: jbreher on November 16, 2018, 08:58:52 PM

Quote from: Mrpumperitis on November 16, 2018, 07:14:19 PM

No sv block explorer ....no sv.

That's not the way it works.

No sv community...no sv Wink

doesnot need community becasue thinks he will win and control bch in the future

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: jbreher on November 17, 2018, 04:02:22 AM

...

x2 shitcoins weeeeeee Kiss

lol

Icutgrass205

jr. member

Activity: 98

Merit: 4

Bitcoin is today what the internet was decades ago

Quote from: cAPSLOCK on November 17, 2018, 01:34:17 AM

Quote from: Icutgrass205 on November 16, 2018, 10:53:54 AM

It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.

Did I get that right?

No, you didn't.

You left out the fact that the price also naturally rises to make the block reward profitable. We've already seen that happen twice as block rewards have halved.

Supply and demand, people wont be buying BTC when they realize there is a major routing flaw with the lightning network, and that it can't scale globally. You gonna pay ridiculously high fees to send your BTC back and forth? No miners=no bitcoin its that simple, why would anyone in their right mind keep mining a dead coin at a profit loss.

Icutgrass205

jr. member

Activity: 98

Merit: 4

Bitcoin is today what the internet was decades ago

Quote from: presduterte on November 16, 2018, 11:20:44 PM

Quote from: Icutgrass205 on November 16, 2018, 10:43:01 AM

Quote from: presduterte on November 15, 2018, 11:00:36 PM

Your fork is currently 40 blocks behind ABC. Doesn't matter how you were defeated, fact is, you were defeated. The polite thing to do would be to throw in the towel and admit defeat. Though I'm certain this is an impossibility for you.

You must be new to blockchains, let me simplify it for you. The hash war is not over until one side quits, the longest chain wins buddy. Just because ABC got a burst of hashrate from roger switching his btc mining pool to bch, doesnt mean they will sustain that hash rate in the long run. It cost him a fuck load of money to do that

You seem to be even newer to blockchains. The "hash war" IS over. There are now 2 non-compatible chains that will be in existence for as long as people keep mining on them. The war is over because ABC won the the support of the community and the industry. You really think people are going to actually use SV for anything other than to flex their ego at this point? Especially after CSW's temper tantrums and demonstrations of lunacy? If so, you're clearly delusional. People were already barely using BCH; this latest stunt just insured the further irrelevance of both sides.

The war is not over dummy, longest chain wins plain and simple. It will keep going until one side quits, how hard is that for you to understand?

theincrediblevictor

full member

Activity: 434

Merit: 100

Bitcoin Cash SV Blockexplorer currently indexing. Won't be finished until Thanksgiving though.

https://prohashing.com/explorer/BitcoinCashSV/

AlloM

full member

Activity: 798

Merit: 102

Anybody have info when blockchain will credit users account with forked coins. I dropped the support ticket too but no answer on release of new coins it looking people will miss the chance to sell their coins at high price.

Ceballos2

newbie

Activity: 2

Merit: 0

Bittrex-> BCH = ABC
Kraken-> BCH = ABC

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: Davidbike1 on November 15, 2018, 04:25:52 PM

Quote from: asdlolciterquit on November 15, 2018, 04:05:59 PM

Quote from: thehulkk on November 14, 2018, 03:52:56 PM

Quote from: European Central Bank on November 14, 2018, 03:44:01 PM

Quote from: asdlolciterquit on November 14, 2018, 03:06:09 PM

Sorry maybe i will make a question that has been asked yet: if i have my bch in my trezor, after the fork i will have both of the forked coins?

https://blog.trezor.io/bitcoin-cash-november-2018-hard-fork-advisory-ee2a444f5a21

I still do not understand, you can say more clearly. I have 100 BCH in Trezor purse. After falling 3, what will I get?

if i've understood well the previous kind replies, you will have, after the fork, 100 BCH abc and 100 BCH BSV (Bitcoin Satoshi's Vision)
Anyway, too many fork in my hopinion Sad

This is part that I am not certain about, if he/she has before the fork 100 bch then after the fork would he have 100 bchabc, 100 bchsv and 100 bch or would he have just 100 bchabc and 100 bchsv and bch no longer exists.

mmmm, no, you will have "only" two coins. The original bch will become 100 bch ABC. It's like what happened when btc forks and bch has born..

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

...

testadimerlo

sr. member

Activity: 826

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Quote from: ?? on ??

Quote from: broadhurst on November 17, 2018, 02:55:53 AM

Quote from: Mrpumperitis on November 17, 2018, 02:44:34 AM

There is NO sv coin...There is no BCH coin.. these Jackass's have forked themselves up their own backsides.. anybody who held BCH through this debacle is regretting it..

great time to buy BCH now, coreans have waited a long time for $250 BCH Wink

theoretically you're right, in practice I'm quite confused because of the heavy losses of the last days. We'll see.

boomboom

hero member

Activity: 1068

Merit: 523

Quote from: Is Oprah Fuckable? on November 17, 2018, 02:05:44 AM

Quote from: boomboom on November 16, 2018, 08:43:40 PM

Is any exchange trading Bstash yet?

https://bstash.org/

wtf, bstash is a BCH fork with replay protection & merged mining .... why aren't the masses of undecided jumping on bstash ?

Looks like Bstash is the best of ABC & SV, back to the Bitcoin whitepaper but without wormhole tokens, and community based without billionaires (on both sides) telling everyone what to do.

I would prefer using komodo delayed proof of work, dPoW , over merged mining though, dPoW periodically notarizes to bitcoin, so after about 20 blocks the notarized blockchain ends up effectively having bitcoin level PoW securing it. If only ABC devs read more widely they could have added dPoW to their chain for about 500 USD per year, and avoided 'checkpoints'

Bstash could do ok, need to know more about the devs, what skill level, and how committed.

broadhurst

jr. member

Activity: 160

Merit: 4

Quote from: Mrpumperitis on November 17, 2018, 02:44:34 AM

There is NO sv coin...There is no BCH coin.. these Jackass's have forked themselves up their own backsides.. anybody who held BCH through this debacle is regretting it..

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

There is NO sv coin...

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

If you still have sv, get out of asap

https://www.reddit.com/r/btc/comments/9xswvm/bchsv_now_has_over_50_network_hashrate/
tcrypt
OpenBazaar
7 points
The public SV chain vs the public ABC chain has nothing to do with checkpoints. The SV chain is incompatible with ABC rules and no matter how much work they have their chain won't be valid for ABC nodes. Checkpoints only matter if there is a hidden chain building a reorg attack against the ABC chain.

If SV is ahead of ABC by 10 blocks it affects nothing. For one, cumulative work matters not block height and secondly even if SV was close to overtaking ABC by work (and they're not close at all) it wouldn't matter to ABC clients because they don't see that chain as valid. Same reason they don't follow the BTC chain.

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 88. (Read 704812 times)