[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 936.

25hashcoin

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Quote from: hgmichna on July 22, 2017, 09:09:07 AM

The Trust Attack – From February, but as topical as ever.

TL;DR: Governments and banks would have a field day. They would say, see, they have inflation. They always preached that there would never be more than 21 million bitcoin. Now there are 42 million. This is the perfect wedge to drive into bitcoin and discourage all users.

Limited supply means nothing without usability. Not like we don't have a huge alt market. SegwitCoin does not offer scale or usability, nor sticks to Bitcoins original vision of peer to peer electronic cash. BCC will become bitcoin shortly after August 1st when people realize Bitcoin was made usable again.

hgmichna

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Quote from: HostFat on July 22, 2017, 09:13:50 AM

@hgmichna
They are two different currencies, it isn't inflation.
You should better study more about economics.

It is like that you are saying that we make 100 forks of Bitcoin, then we have 21 milion * 100 Wink

Economists do not determine the future of bitcoin. Ordinary users do. And they don't understand any fine economic points. They only see 42 million coins instead of the promised 21 million.

Journalists will also have a field day. You know how precisely and honestly they report.

The bitcoin price has always tanked whenever there was a threat of a hostile hard fork. We may end up with two worthless cryptocurrencies.

25hashcoin

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BCC won't be an altcoin for very long. It will become the new Bitcoin.

jimmybob_007

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Genesis Team™

I don't see this working but I wish you the best of luck. I'll keep checking now and again

HostFat

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Quote from: Gyrsur on July 22, 2017, 09:57:18 AM

the price of this first real fork of Bitcoin will be dumped to zero after 08/01/2017.

how to protect against this?

Sell them now
- https://www.viabtc.com/convert/bcc / https://www.viabtc.com/quot/realtime?currency=cny&dest=bcc&chart=simple

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

the price of this first real fork of Bitcoin will be dumped to zero after 08/01/2017.

how to protect against this?

Convery

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I don't support this coin .

illseey

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When polo?

FreeTrade

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Quote from: jay8291 on July 22, 2017, 09:40:27 AM

Quote from: FreeTrade on July 22, 2017, 09:37:29 AM

BTC price likely to drop 10 to 20 percent on August 1st when the chain splits. Make sure to have your private keys when this happens so you don't lose funds.

and why would price drop? only bcoz someone is forking his own of Bitcoin ? I dont think it will have any effect on price unless some Big Miner is behind this project..

Rumor is that that is the case.

FreeTrade

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Currently only trading at around 15% of BTC price.

https://www.viabtc.com/quot/realtime?currency=cny&dest=bcc&chart=simple

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: olkah on July 22, 2017, 09:26:08 AM

Quote from: HostFat on July 22, 2017, 09:24:35 AM

Quote from: olkah on July 22, 2017, 09:20:48 AM

algo

?!!!

SHA256.

I'm not sure that I'm understanding your question.

it would be better switched to script Wink

No. That would making bitcoin ASICs not work. We want big miners to switch over.

jay8291

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I-CHAIN - The Revolution of Digital Advertising

Quote from: FreeTrade on July 22, 2017, 09:37:29 AM

BTC price likely to drop 10 to 20 percent on August 1st when the chain splits. Make sure to have your private keys when this happens so you don't lose funds.

and why would price drop? only bcoz someone is forking his own of Bitcoin ? I dont think it will have any effect on price unless some Big Miner is behind this project..

FreeTrade

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BTC price likely to drop 10 to 20 percent on August 1st when the chain splits. Make sure to have your private keys when this happens so you don't lose funds.

HostFat

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I support freedom of choice

~~As the difficulty will be changed to 1/6 of the current Bitcoin difficulty, I think that many miners with old asic will be able to mine this again.~~

"REQ-7 Difficulty adjustement in case of hashrate drop

In case the MTP of the tip of the chain is 12h or more after the MTP 6 block before the tip, the proof of work target is increased by a quarter, or 25%, which corresponds to a difficulty reduction of 20% .

RATIONALE: The hashrate supporting the chain is dependent on market price and hard to predict. In order to make sure the chain remains viable no matter what difficulty needs to adjust down in case of abrupt hashrate drop."

jay8291

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I-CHAIN - The Revolution of Digital Advertising

i dont think this will have any effect on BTC, not even on BTC Price.

Let aside getting Majority of POW, which miners are supporting this Fork ?

HostFat

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Quote from: jay8291 on July 22, 2017, 09:26:00 AM

Replay Protection ?

Yes.
https://github.com/Bitcoin-UAHF/spec/blob/master/replay-protected-sighash.md

But be wise, after the fork, make some tests with few satoshi.

olkah

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Quote from: HostFat on July 22, 2017, 09:24:35 AM

Quote from: olkah on July 22, 2017, 09:20:48 AM

algo

?!!!

SHA256.

I'm not sure that I'm understanding your question.

it would be better switched to script Wink

jay8291

sr. member

Activity: 812

Merit: 251

I-CHAIN - The Revolution of Digital Advertising

Replay Protection ?

HostFat

staff

Activity: 4270

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I support freedom of choice

Quote from: olkah on July 22, 2017, 09:20:48 AM

algo

?!!!

SHA256.

I'm not sure that I'm understanding your question.

@olkah

Wallets:
- Full node: https://download.bitcoinabc.org/
- Electrum compatible fork: http://www.electrumcash.org/

olkah

hero member

Activity: 1484

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Wallet for Windows Huh

!!!

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 936. (Read 704799 times)