Topic: Aug 1 summary - page 28. (Read 96452 times)

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.


Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation. Moreover, the project never promised decentralization for decentralization's sake, only "A Peer-to-Peer Electronic Cash System" which exhibits a practical amount of decentralization. Bitcoin Cash simply hews back to the original plan, rather than going off on a severe tangent without ever establishing community consensus about new project priorities first. Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding. It simply does not strangle a working system before other proven options are already available.

Lastly, it was always the original plan to remove the temporary block size limit. Bitcoin Cash is simply following through (finally).

the fact that they are spamming the BTC mempool is scammy enough for me

It is not Bitcoin. Calling it Bitcoin Cash is misleading at best and only serves to cause more confusion and problems down the road. Example: https://www.reddit.com/r/btc/comments/6rcade/cbs_is_referring_the_new_chain_as_bitcoin_cash/

You need to pay attention to who has been doing what, and why. Massive centralization of the network; what could possibly go wrong?

Unless it's also Bcore or Segwitcoin for legacy Bitcoin, or Eclassic instead of Ethereum Classic, the new fork is called Bitcoin Cash not Bcash. Why are you so afraid of it that you have to denigrate it with a fake name?

You seem convinced it's a scam or untrustworthy. Be happy to see some reasons.

I've already created a new BTC wallet and will run those wallets inside a VM. The whole idea behind Bcash is a scam, and they have absolutely zero credible developers. Better safe than sorry.

Of course you're free to wait, but it's been running without problems now for three days. I've done several dozen transactions myself. All have confirmed without issue (I was running the latest Bitcoin ABC client).

EDIT: Oh, I forgot, also sent an Electron Cash transaction which also worked fine.

Yes, obviously.

Since I can't verify that myself right now, and I haven't seen any peer-review that confirms it is properly implemented, I'd rather not risk it.

You don't even need to do that much. On my Windows Electrum wallet, I just downloaded the Windows Electron Cash executable (there's no installer as far as I know). When you run Electrum you see your bitcoins (BTC), when you run the Electron Cash executable, you see/access your BCC (aka XBC, BCH). Be sure to check the SHA1 file hash when you download Electrum Cash.

One thing to note, there does seem to have been an oversight during the release of Electron Cash and it sometimes will start up connected to the legacy Bitcoin block chain instead of the new Bitcoin Cash block chain. If this happens, follow this guide:

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/

Can someone answer this question, I am looking on it too.

PS, I have priv key for electrum which can be use to electroncash but I doubt the wallet itself since it electrum does not support it.

Bitcoin cash is on a different blockchain network, so the wallet on that network is frozen in time from when it was cloned when the split happened. to get your BitcoinCash coins the steps you need to take are:

1. Create a new BTC wallet, with a new private key
2. Transfer all your BTC from the old wallet to the new one, and don't use the old wallet again for BTC.
3. Export the keys from the old BTC wallet
4. On another computer, or Virtual machine, create a new BitcoinCash wallet, using a BCH compatible wallet software from https://www.bitcoincash.org/ by importing the keys from the old BTC wallet.

After doing this your Bitcoincash will show up in the BitcoinCash wallet on the new machine and your BTC will be safe in a new wallet that the BitcoinCash network blockchain knows nothing about.

yes, to see: you already know that your BTC balance on august 1 is your BCH balance now.

to spend your BCH:
1 create a new wallet and move all of your BTC balance there
2 get electrumcash (possibly install it on a virtual machine or disposable puter) and use your old electrum wallet with it to spend your bch.

in case this was already asked, please be patient I am not a techi and the whole stuff is hardly for me to understand. Can I simply now transfer my bitcoins from electrum to a new wallet and then I can see my BCH? Or how will I be able to see my BCH?

was credited a small amount by kraken based on the small amount of btc i already had there and sold with no problem, still need a quick way of importing the coins from my own btc wallet so i can send in the rest and sell

My BCH tx just confirmed in 20 min. with a fee of 100 satoshis/byte. Sent with MMGen. Use a better wallet!

In all fairness, though, that last block (478600) took almost 5 hours to find, so you were just unlucky with the timing.

I'm waiting from >4 hours and did not get a single confirmation for 5 tx which I made with electrumcrash using max dynamic fees.
LOLing at who will try to buy a coffee with this.

Just like the other versions electrum has (LTC and Dash for example), ElectronCash is simply built using the source of Electrum but has nothing to do with it, the list of wallets that can be used can be found on the site[1] and yes, you can import the private keys from Electrum to ElectronCash I believe. (but make sure you move the funds from Electrum first)

[1] https://www.bitcoincash.org/

I copied the bitcoin data folder to a separate machine and installed Bitcoin Unlimited BUCash build there. It started re-indexing, bu now stopped at 3 years 41 weeks behind. In the Debug window, the number of connections is shown as 11 (In: 0 / Out: 11) On the Bitcoin Core client I have 46 (In: 38 / Out: 8 ) [Running a full node]

Is there a bootstrap peer list for BCC?

According to what i've read, deposits and withdraws are frozen. Have you been able to withdraw your BCC?

From what I understand, the market we are seeing with BCC, is only done with the limited volume that the BTC that was already deposited on exchanges would deliver, but nothing is either being withdrawn or deposited which is ridiculous.

Why is this happening, and when is people free to withdraw or deposit the coins? until then, we can't know the real price...

ViaBTC and HitBTC are accepting deposit of BCH for trading

Im going insane trying to find out if anyone has been able to sell their BTC at all or not.

If I have my BTC on Bitcoin Core, and I follow this guide, can i already dump the coins, or are the markets still frozen?

They can't be frozen because I see price action. So what's going on? Only these that had the money on the exchanges can trade but they are not accepting deposits?

Can anyone tell them whats going on? this is too confusing.


https://bittrex.com/Market/Index?MarketName=BTC-BCC

I've seen the 0.48 to 0.14 dump... was anyone able to sell before the dump?