mining PoS?
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Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 95. (Read 704506 times)
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I remember when BCH first came to life and some folks claimed that some sort of "flippening" will happen, BTC would be dethroned etc. Just the thought of this nonsense still makes me giggle. Now watch what is happening to it. Gotta love that comedy. I love crypto for keeping me high-spirited like this.
Nchain/Coingeek has partnered with squire which has a partnership with Samsung. They will be rolling out the most state of the art asics, once ABC and opposing factions on BCH are forced off the network, they plan on producing asics designed to mine every POW algorithm. They will begin with the alts, destroying their networks and selling any coins mined for BCH. From there they will move to BTC. Forgive me if my technical verbiage is wrong because I dont know much about this but I read somewhere that the original satoshi opcodes will be enabled during the upgrade, and using those opcodes CSW will be claiming the satoshi bitcoins. I dont think this is a bluff, just look at cash.coin.dance
They have the least amount of nodes but the most hash rate. All the reading and research I've done is telling me this is not a bluff. I truly believe we will see the end of all alts in the near future, and the flippening of BTC to BCH after.
PoW Miners can't mine coins not based on PoW.
Meaning any PoS consensus or alternative consensus Altcoins, is literally out of their reach.
FYI:
They Can however kill Ethereum PoW coin , and in doing so Wipe out every Eth Token in 1 fell swoop.
Ethereum is already unprofitable even before their shark attack.
https://cointelegraph.com/news/bear-market-and-declining-hashrates-mean-mining-eth-no-longer-profitable-analysis-finds
In many countries aren't PoS coins/ICO's considered illegal securities? As time progresses I feel that there will be an increased crackdown on them and exchanges selling them. Or, there is the possibility that if and when the market explodes again people will want to experiment with shitcoins for quick pump and dumps
I read somewhere that the original satoshi opcodes will be enabled during the upgrade,
Yes.
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and using those opcodes CSW will be claiming the satoshi bitcoins.
No. If CSW claims the satoshi bitcoins, it would be only because he has owned them since years. The re-enabled original opcodes make no difference to any ability to do so.
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I dont think this is a bluff, just look at cash.coin.dance
As observed above, CSW has always been able to pull enough hash out of his back pocket to advance his goals. Don't know how he is able to do so, but it is certainly provocative. Agree - this does not seem to be a bluff.
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They have the least amount of nodes but the most hash rate.
Well, we already know that counting on nodes to drive nakamoto consensus is akin to bringing a knife to a gun fight. At last we shall see this principle demonstrated.
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All the reading and research I've done is telling me this is not a bluff. I truly believe we will see the end of all alts in the near future, and the flippening of BTC to BCH after.
Isn't it exciting?
the plot thickens:
Jihan is reported to have said a few hours ago regarding the BCH fork, "I have no intention to start a hash war with CSW, because if I do (by relocating hash power from btc mining to bch mining), btc price will dump below yearly support; it may even breach $5000. But since CSW is relentless, I am all in to fight till death!"
Cult of Craig is where the insiders worship our LORD :-D bwaaaaa BTC #rekt(((stay tuned)))
the plot thickens:
Jihan is reported to have said a few hours ago regarding the BCH fork, "I have no intention to start a hash war with CSW, because if I do (by relocating hash power from btc mining to bch mining), btc price will dump below yearly support; it may even breach $5000. But since CSW is relentless, I am all in to fight till death!"
I remember when BCH first came to life and some folks claimed that some sort of "flippening" will happen, BTC would be dethroned etc. Just the thought of this nonsense still makes me giggle. Now watch what is happening to it. Gotta love that comedy. I love crypto for keeping me high-spirited like this.
Nchain/Coingeek has partnered with squire which has a partnership with Samsung. They will be rolling out the most state of the art asics, once ABC and opposing factions on BCH are forced off the network, they plan on producing asics designed to mine every POW algorithm. They will begin with the alts, destroying their networks and selling any coins mined for BCH. From there they will move to BTC. Forgive me if my technical verbiage is wrong because I dont know much about this but I read somewhere that the original satoshi opcodes will be enabled during the upgrade, and using those opcodes CSW will be claiming the satoshi bitcoins. I dont think this is a bluff, just look at cash.coin.dance
They have the least amount of nodes but the most hash rate. All the reading and research I've done is telling me this is not a bluff. I truly believe we will see the end of all alts in the near future, and the flippening of BTC to BCH after.
PoW Miners can't mine coins not based on PoW.
Meaning any PoS consensus or alternative consensus Altcoins, is literally out of their reach.
FYI:
They Can however kill Ethereum PoW coin , and in doing so Wipe out every Eth Token in 1 fell swoop.
Ethereum is already unprofitable even before their shark attack.
https://cointelegraph.com/news/bear-market-and-declining-hashrates-mean-mining-eth-no-longer-profitable-analysis-finds
stop the dump 
It is happening usually before the fork so many people made huge profit and now they making cry the people. We see this kind of practice so many times before this whenever fork about to happen.
stop the dump
I remember when BCH first came to life and some folks claimed that some sort of "flippening" will happen, BTC would be dethroned etc. Just the thought of this nonsense still makes me giggle. Now watch what is happening to it. Gotta love that comedy. I love crypto for keeping me high-spirited like this.
Nchain/Coingeek has partnered with squire which has a partnership with Samsung. They will be rolling out the most state of the art asics, once ABC and opposing factions on BCH are forced off the network, they plan on producing asics designed to mine every POW algorithm. They will begin with the alts, destroying their networks and selling any coins mined for BCH. From there they will move to BTC. Forgive me if my technical verbiage is wrong because I dont know much about this but I read somewhere that the original satoshi opcodes will be enabled during the upgrade, and using those opcodes CSW will be claiming the satoshi bitcoins. I dont think this is a bluff, just look at cash.coin.dance
They have the least amount of nodes but the most hash rate. All the reading and research I've done is telling me this is not a bluff. I truly believe we will see the end of all alts in the near future, and the flippening of BTC to BCH after.
in case their version of Bitcoin Cash (BCHSV) suffers an attack from miners backing Bitcoin SV (BCHSV), the BCH version promoted by Craig Wright and billionaire Calvin Ayre.
attacking himself, that is slippery
Poorly-written article, true. Most would see the intent as "in case their version of Bitcoin Cash (BCHABC) suffers an attack from miners backing Bitcoin SV (BCHSV), the BCH version promoted by Craig Wright and billionaire Calvin Ayre."
Good catch - I read right over it myself.
in case their version of Bitcoin Cash (BCHSV) suffers an attack from miners backing Bitcoin SV (BCHSV), the BCH version promoted by Craig Wright and billionaire Calvin Ayre.
attacking himself, that is slippery
Looks like ABC's benevolent dictator for life is preparing to take his ball and go home:
Writing on Twitter, Bitcoin ABC lead developer and self-described Bitcoin Cash “benevolent dictator” Amaury Séchet said that activating an emergency fork to alter the Bitcoin Cash hashing algorithm would be a “nuclear option” but that developers should keep it on the table in case their version of Bitcoin Cash (BCHSV) suffers an attack from miners backing Bitcoin SV (BCHSV), the BCH version promoted by Craig Wright and billionaire Calvin Ayre.
https://www.ccn.com/nuclear-option-abc-dev-wont-rule-out-changing-bitcoin-cash-pow-algorithm/
Sad really. While I have a soft preference for SV, I'd prefer it win through simple market forces. Not through ABC's abandonment of the principles and heritage of satoshi's bitcoin.
Writing on Twitter, Bitcoin ABC lead developer and self-described Bitcoin Cash “benevolent dictator” Amaury Séchet said that activating an emergency fork to alter the Bitcoin Cash hashing algorithm would be a “nuclear option” but that developers should keep it on the table in case their version of Bitcoin Cash (BCHSV) suffers an attack from miners backing Bitcoin SV (BCHSV), the BCH version promoted by Craig Wright and billionaire Calvin Ayre.
https://www.ccn.com/nuclear-option-abc-dev-wont-rule-out-changing-bitcoin-cash-pow-algorithm/
Sad really. While I have a soft preference for SV, I'd prefer it win through simple market forces. Not through ABC's abandonment of the principles and heritage of satoshi's bitcoin.
If bch is eaten by sv
False premise. SV is a legitimate contender for BCH identity. ABC does not get a free pass.
Or do you not understand permissionless markets?
SV is 75% hashpower. Do you think is it manipulation or true power?
Explain how hash power can be 'manipulated'?
If Bitmain's hash power is redirected from BTC to BCH, what happens to the BTC chain? Is this enough to stall the chain? When is the difficulty retargeting?
Sounds like you don't understand a whole lot about bitcoin.
Haha. Why don't you point me to what exactly you think I misunderstand then. Or are you incapable of more than muttering platitudes?
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What's your comment on your your savior's meltdown @ Roger Ver the other day?
WTF is this 'savior' shit?
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'Meltdown'? Doesn't look like a meltdown to me. Looks like a warning. Given the hash power SV has been bringing on line, it seems it may have been the most useful info Roger could have gotten from CSW. Sure, it's phrased harshly. Whatevs. What do you want - useful information, or a scrumptious candy coating?
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Satoshi displayed no signs of ever being such a tremendous cunt, which is all CSW ever was.
Relevance?
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So long Bcash. It was nice making fun of you.
Just the next stage of growth. He who laughs last, and all that shit.
What is recommended to do now? sell BCH because it will be worthless after the fork, or keep it for the airdrop? I bought for 600 USD, so I would make a loss, but not a big one...
(unpaid publicity)
The Electron Cash software is already compatible with both the Bitcoin Cash (BCH) network as well as the new BSV network. To switch from one network to another, you can simply select a different server from the network tab.
https://electroncash.org/nov2018.html
What is recommended to do now? sell BCH because it will be worthless after the fork, or keep it for the airdrop? I bought for 600 USD, so I would make a loss, but not a big one...
I remember when BCH first came to life and some folks claimed that some sort of "flippening" will happen, BTC would be dethroned etc. Just the thought of this nonsense still makes me giggle. Now watch what is happening to it. Gotta love that comedy. I love crypto for keeping me high-spirited like this.
I remember 14 months ago too.
guys sell your bchsv asap because it is worth nothing big blocks no-one needs
This make me remember these when BCH was born than big blocks matter and now almost after a year it worth nothing. This is really interesting drama what is happening at the moment so let's see who will win this war?
On Poloniex BCHSV has flippened the ABC already so in response to your question based on the set parameters by BCH team. Who will win the race will deserve to be rewarded the ticker of BCH. What we were watching till now was just trailer as real movie has yet to start after successful hard fork. Lot of fun,excitements and disappointment are waiting for us depend on the status of everyone.
Any ideas as to what someone with BCH should do with it at this time? Should I just leave it on my cold wallet for now? I've missed so much profit from the SV futures market, is the value from SV going to assimilate into BCH after the fork?
I am no expert, but I guess just keeping BCH in a popular wallet where you control private keys is good enough. I will keep mine in Bitcoin ABC and will try to claim other forks way later after the split, I am sure someone in this forum will post a guide if need be how to safely do it
Just need to wait some time for dust to settle before claiming, because there are threats about reversing transactions etc.. and since there is no replay protection I understand ABC and SV need to become separated by different protocol or smth with completely separate blockchains. Or you can use Poloniex, but I read they are strinct on verification, so keep in mind if you are concerned
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