[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 884.

pizamoi

member

Activity: 105

Merit: 10

Quote from: mindrust on July 30, 2017, 04:24:23 PM

Quote from: digmoney on July 30, 2017, 03:54:05 PM

Quote from: mindrust on July 30, 2017, 02:54:20 PM

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

By "attacking", I mean they'll buy your coins gratefully from your hands to increase their shares. When own the majority of the bcashes, if they pump their coin artificially, it will be them making money. Not you, or anybody who instadumped. And many clueless people will fall for that fake pump.

I believe the point he was trying to make is that with little mining power BCC will be so easy for a group of miners to kill by double spend attacks.

The reality is that BCC isn't going to be very secure.

CORNEL

sr. member

Activity: 1008

Merit: 253

Quote from: ZzzzeyeZzzz on July 30, 2017, 04:18:26 PM

Quote from: digiworld1 on July 30, 2017, 04:11:05 PM

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet

https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

This is interesting article I also think this market will be very exciting after hard fork but I will wait for a month to take any action there.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: digmoney on July 30, 2017, 03:54:05 PM

Quote from: mindrust on July 30, 2017, 02:54:20 PM

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

By "attacking", I mean they'll buy your coins gratefully from your hands to increase their shares. When own the majority of the bcashes, if they pump their coin artificially, it will be them making money. Not you, or anybody who instadumped. And many clueless people will fall for that fake pump.

ZzzzeyeZzzz

full member

Activity: 377

Merit: 108

ChessCoin 1.4

Quote from: digiworld1 on July 30, 2017, 04:11:05 PM

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet

https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: digiworld1 on July 30, 2017, 04:11:05 PM

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

it's a separate coin. it has nothing to do with 2x or not, but that's the theory at least.

in practice maybe miners could threaten to switch if 2x doesn't activate but we'll get a much better idea of how much bcash is worth before then.

i don't think 2x will activate in november no matter what happens. anyone rational would not trust an entire network to something that doesn't really exist yet. similarly the bitcoin cash code will be shit so no one will want to switch to that either.

digiworld1

full member

Activity: 504

Merit: 101

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: crypto4jan on July 30, 2017, 02:49:50 PM

Quote

So now the new agenda by Core and Blockstream is to attack “Bitcoin Cash” as an altcoin, and to discredit its position as the true Bitcoin. But anyone reading Satoshi’s whitepaper and other writings will instantly recognise that ‘Bitcoin Cash’ is indeed the coin the inventor and creator desired. But this isn’t about doing it for ‘Satoshi’. It is about recognising that there was nothing ever wrong with the original roadmap for Bitcoin. The derailment by Blockstream into Segwit isn’t for Bitcoin’s benefit, it is actually for the benefit of Blockstream and its many investors.

isn't he missing, or rather pissing all over, one of the other more important points - 1 cpu = 1 vote.

now all votes are in the hands of a few pricks in china.

i don't think satoshi would be very happy with that. roger and his buddies certainly would be.

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: ElectricOrgasm on July 30, 2017, 03:56:01 PM

How many BCC will be at the moment of the release? The same amount of btc?

Yes Around 16.5 millions coins. Anyone can claim after fork who is holding Bitcoin now.

digiworld1

full member

Activity: 504

Merit: 101

Quote from: ElectricOrgasm on July 30, 2017, 03:56:01 PM

How many BCC will be at the moment of the release? The same amount of btc?

Its 1:1 ratio! so yeah!

ElectricOrgasm

newbie

Activity: 8

Merit: 0

How many BCC will be at the moment of the release? The same amount of btc?

digmoney

newbie

Activity: 6

Merit: 0

Quote from: mindrust on July 30, 2017, 02:54:20 PM

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

jc12345

legendary

Activity: 1638

Merit: 1013

There is one positive that could come out of this. As people move their BCC to exchanges to dump it indicates "active" corresponding BTC. There will be interesting data analysis that can be done to understand BTC holdings better. Some BTC has for example been lost and those BCC will not move. Some BTC was thought to be lost and BCC movement will show it is not lost. Hidden BTC holdings could also be exposed via the first BCC movements.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: European Central Bank on July 30, 2017, 11:48:39 AM

Quote from: vortexz on July 30, 2017, 11:32:39 AM

now big question remains, who will buy BCC

the people who made it. then they'll pump the crap out of it and everyone else will fomo in.

anyone dumping immediately is playing right into their hands.

You actually may be right.

Remember, Roger held his coins all these years even though he didn't like anything about it.

When Craig was asked about his decision on his bitcoins after the hard fork, he went mad and said piss off it ain't your business.

Anything you hold on this new chain gives you a bit of power proportional to your balance. You can threaten them with a dumpfest like they do to us, but holding those will also make that chain stronger.

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this new chain. And with the massive amounts of FIAT they made over the years by selling miners/cloud hash they can apply FOMO easily on bcash. No need to say many of those dumpers will be buying back their bcashes for a higher price. And That's exactly what they want.

In other words, they'll make profits from this split no matter what you do.

crypto4jan

legendary

Activity: 2453

Merit: 1026

Energy coin master

Quote from: vlom on July 30, 2017, 12:57:14 PM

Quote from: European Central Bank on July 30, 2017, 11:48:39 AM

Quote from: vortexz on July 30, 2017, 11:32:39 AM

now big question remains, who will buy BCC

the people who made it. then they'll pump the crap out of it and everyone else will fomo in.

anyone dumping immediately is playing right into their hands.

thats right. and this is an interesting text.

http://www.zerohedge.com/news/2017-07-28/bitcoin-civil-war-over

Nice interview with Roger Ver

Check also this:
https://coingeek.com/core-think-bitcoin-cash/

Quote

So now the new agenda by Core and Blockstream is to attack “Bitcoin Cash” as an altcoin, and to discredit its position as the true Bitcoin. But anyone reading Satoshi’s whitepaper and other writings will instantly recognise that ‘Bitcoin Cash’ is indeed the coin the inventor and creator desired. But this isn’t about doing it for ‘Satoshi’. It is about recognising that there was nothing ever wrong with the original roadmap for Bitcoin. The derailment by Blockstream into Segwit isn’t for Bitcoin’s benefit, it is actually for the benefit of Blockstream and its many investors.

kalodu

member

Activity: 106

Merit: 10

Quote from: bones261 on July 30, 2017, 01:52:03 PM

Quote from: digiworld1 on July 30, 2017, 01:41:23 PM

That might works but due to the dumping, this will dramatically decrease price of BCC?

If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.)

Bittrex and Bitfinex are much better choices and neither are unregulated or untrustworthy like btc-e was.

Having the coins already on the exchange is the only way you will be able to dump it fast before the price falls.

QFT

sr. member

Activity: 476

Merit: 250

The only good thing that came from bitcoincash is that it has given me a new start in crypto again.
Now here comes the dump.

digiworld1

full member

Activity: 504

Merit: 101

Quote from: bones261 on July 30, 2017, 02:09:31 PM

Quote from: digiworld1 on July 30, 2017, 02:04:28 PM

Quote from: bones261 on July 30, 2017, 01:52:03 PM

Quote from: digiworld1 on July 30, 2017, 01:41:23 PM

That might works but due to the dumping, this will dramatically decrease price of BCC?

If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.)

Many Thanks! but people losing their coins on exchange for keeping them on the exchange for a long time right. Many exchanges have closed in the past due to hacking problems. But if you just want to trade, then move your coins to wallet then it should be allright?

Yes, when you move your coins to an exchange, you take that risk. It's up to you if you will feel the small risk is worth the potential reward. In my case, I am keeping 750K sats on Yobot. It is worth the risk to me to keep it on the exchange rather then withdrawing to my Trezor and only having 600K sats after the withdrawal fee Yobit charges.

Kraken and Bifinex also support BCC trading btw.
750K = .75BTC?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: digiworld1 on July 30, 2017, 02:04:28 PM

Quote from: bones261 on July 30, 2017, 01:52:03 PM

Quote from: digiworld1 on July 30, 2017, 01:41:23 PM

That might works but due to the dumping, this will dramatically decrease price of BCC?

If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.)

Many Thanks! but people losing their coins on exchange for keeping them on the exchange for a long time right. Many exchanges have closed in the past due to hacking problems. But if you just want to trade, then move your coins to wallet then it should be allright?

Yes, when you move your coins to an exchange, you take that risk. It's up to you if you will feel the small risk is worth the potential reward. In my case, I am keeping 750K sats on Yobot. It is worth the risk to me to keep it on the exchange rather then withdrawing to my Trezor and only having 600K sats after the withdrawal fee Yobit charges.

digiworld1

full member

Activity: 504

Merit: 101

Quote from: bones261 on July 30, 2017, 01:52:03 PM

Quote from: digiworld1 on July 30, 2017, 01:41:23 PM

That might works but due to the dumping, this will dramatically decrease price of BCC?

If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.)

Many Thanks! but people losing their coins on exchange for keeping them on the exchange for a long time right. Many exchanges have closed in the past due to hacking problems. But if you just want to trade, then move your coins to wallet then it should be allright?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: digiworld1 on July 30, 2017, 01:41:23 PM

That might works but due to the dumping, this will dramatically decrease price of BCC?

If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.)

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 884. (Read 704562 times)