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Topic: 🔥 BITCOlN CASH JUST MINED FIRST EVER 8MB BLOCK!!!! 🔥 (Read 2329 times)

hero member
Activity: 1092
Merit: 501
Are there serious investors looking at BCH?
Not that I know, most people that are interested on BCH are interested on it but only as an speculative instrument, they are not seeing the merits or demerits of the coin they only want to make money with it and I cannot blame them since that was the reason that coin was created and which show to us the difference with the true bitcoin since bitcoin was created by satoshi to give freedom to people and not to enrich himself.
jr. member
Activity: 58
Merit: 3
Are there serious investors looking at BCH?
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
why are you posting here about alts imbecile?
Because is an alt with a lot of potential 😂
ya people started to farm BCH thats means it has a potential. BCH would be the next coin that would pumped up such as BTC. i would watch bch value every day. i think its good to invest some in bch cause its seems promising.
hero member
Activity: 1092
Merit: 501
Are there multiple sizes of blocks that can be used, but limited to a couple of static sizes or is there simply a minimum and maximum size for the block and it behaves in it elastic sense.  8MB block is Hugh when you compare it with just a 2MB Block which BTC will get after the actual implementation of Swegit.
Both BTC and BCC will create a healthy competition which will eventually benefit the end users of digital currency.

I agree, i hope it becomes a reality. BTC and BCC parallel markets.

What will happen if they hit parity in price?
While the chances of hitting parity are very low if not zero nothing will happen if that is the case, that would mean that bitcoin cash and bitcoin will be easily interchanged however since bitcoin at the moment is about 8 times more valuable, then that will mean that BHC has grown a lot and probably took market cap from bitcoin so I think we could make the conclusion that in that scenario BCH will look a lot more stronger than BTC.
full member
Activity: 392
Merit: 101
PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr
BitCoin Cash's blocks are much bigger than 8MB, just look at a block explorer. There was an 800MB block a few days ago...
hero member
Activity: 728
Merit: 500
Great that proves it can process as many transactions in ten minutes as other alt coins. Any word on how they are going to solve the emergency difficulty adjustment bug?
sr. member
Activity: 616
Merit: 256
whether or not BitcoinCash (BCH) can surpass its avalue against Bitcoin (BTC), the only way to beat bitcoin is thru adaptation to the masses. traders don't care about which of them is the best for it is still a form of money making  but in a merchant and to a retailer and other form of business alliance  it may give a more confusion to which side of them to give a favor and may tend to switch to other cryptocurrency that looks serious and attractive to its business allies, bitcoin is serious with its business partners but it may deter its adaptibility due to the existence of its rival - the BCH.
full member
Activity: 202
Merit: 101
Find out who you are and do it on purpose
Are there multiple sizes of blocks that can be used, but limited to a couple of static sizes or is there simply a minimum and maximum size for the block and it behaves in it elastic sense.  8MB block is Hugh when you compare it with just a 2MB Block which BTC will get after the actual implementation of Swegit.
Both BTC and BCC will create a healthy competition which will eventually benefit the end users of digital currency.

I agree, i hope it becomes a reality. BTC and BCC parallel markets.

What will happen if they hit parity in price?
sr. member
Activity: 2030
Merit: 356
Are there multiple sizes of blocks that can be used, but limited to a couple of static sizes or is there simply a minimum and maximum size for the block and it behaves in it elastic sense.  8MB block is Hugh when you compare it with just a 2MB Block which BTC will get after the actual implementation of Swegit.
Both BTC and BCC will create a healthy competition which will eventually benefit the end users of digital currency.
hero member
Activity: 1092
Merit: 501
Can somebody please tell me why it has to be one or the other, why not both be successful? There are so many threads/post regarding either BTC or BCH being killed by the other. Although I lean towards BTC surviving over the 'alt" BCH but i don't see a problem with both coins having a measure of success. As i've stated in another thread, I have been surprised regarding BCH rallying to such a price, and more surprised that it has been relatively maintained since. In other words I was wrong.... Embarrassed
It is really simple, from the point of view of BCH that coin was created as a direct rival to bitcoin and if they want to become the biggest coin out there then bitcoin cannot keep on existing or they are never going to surpass bitcoin, and from the point of view of bitcoin another coin calling itself bitcoin will only create confusion so BCH needs to die.
sr. member
Activity: 406
Merit: 251
BCH is so confusing to me as far as USD valuation goes. I'm just going to hold onto it b/c it keeps doing the exact opposite of what I think it will (and it was free)
hero member
Activity: 790
Merit: 505
Can somebody please tell me why it has to be one or the other, why not both be successful? There are so many threads/post regarding either BTC or BCH being killed by the other. Although I lean towards BTC surviving over the 'alt" BCH but i don't see a problem with both coins having a measure of success. As i've stated in another thread, I have been surprised regarding BCH rallying to such a price, and more surprised that it has been relatively maintained since. In other words I was wrong.... Embarrassed
member
Activity: 94
Merit: 10
https://blockchair.com/bitcoin-cash/block/479469
Number of transactions of this block: 37,814









Now there is no doubt that BCH is the real Bitcoin!





5To blockchain incoming within a year ! Enjoy more centralization due to less nodes operating.
Are there Bitcoin cash nodes running? What I mean is, what is the point? Even if you run a node now the increase in the size of the blockchain is going to be so big that at some point the person running the node will have to invest more and more money to keep running the node or stop doing it, so what is the point of running a node of bitcoin cash when in a few months or years you are not going to be able to keep it running.

I will have a Bitcoin Cash node up and running ... once it syncs. I have been trying to sync since around August 10. It is around 20 weeks behind and it estimates around 3 more days to sync.

Once that happens I will keep it running long enough to move all my BCH to various exchanges. I'd be happy if I could get $700 a coin.
hero member
Activity: 1092
Merit: 501
https://blockchair.com/bitcoin-cash/block/479469
Number of transactions of this block: 37,814









Now there is no doubt that BCH is the real Bitcoin!





5To blockchain incoming within a year ! Enjoy more centralization due to less nodes operating.
Are there Bitcoin cash nodes running? What I mean is, what is the point? Even if you run a node now the increase in the size of the blockchain is going to be so big that at some point the person running the node will have to invest more and more money to keep running the node or stop doing it, so what is the point of running a node of bitcoin cash when in a few months or years you are not going to be able to keep it running.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
I think it's a little strange when you look at the blocks of bitcoin cash at the moment.
You have one new block about every minute at the moment. That is ten times what it is supposed to be I think.
And that means as well that many new coins are getting into the market.
I would expect those coins to create a mass of transactions, but they do not.
At the moment one block is filled with about 20kb.
To me it looks like the only group who profits right now are the miners.


This is not at all a big surprise. Who on earth is using Bitcoin Cash besides the miners, traders and the few who have money invested in it? Are people waiting to trade Bitcoin cash out to pay their bills? Is someone buying stuff on Amazon with it? Are gamblers and casinos moving big chunks of it around as normal operations. No, no, no.

Makes it no different from an alt in that respect. Remember, there are millions of tx that involve moving out BCH to sell. Those are not done yet.
hero member
Activity: 959
Merit: 500
I think it's a little strange when you look at the blocks of bitcoin cash at the moment.
You have one new block about every minute at the moment. That is ten times what it is supposed to be I think.
And that means as well that many new coins are getting into the market.
I would expect those coins to create a mass of transactions, but they do not.
At the moment one block is filled with about 20kb.
To me it looks like the only group who profits right now are the miners.
hero member
Activity: 812
Merit: 500
https://blockchair.com/bitcoin-cash/block/479469
Number of transactions of this block: 37,814









Now there is no doubt that BCH is the real Bitcoin!





5To blockchain incoming within a year ! Enjoy more centralization due to less nodes operating.
Yeah, there’s a bunch of transactions going through Bitcoin Cash right now and they just began their launch so the amount of transactions during the month will get larger over time. I am not impressed with Bitcoin Cash due to the slow transaction time, it doesn’t really have any purpose to me since Bitcoin can already process transactions within a decent timeframe without doing that much work.

It’s not that tough to get Bitcoin either, purchasing Bitcoin with Fiat is really easy though purchasing Bitcoin Cash with Fiat is quite the bothersome task since it consists of many transfers for a slow time to wait to get the money out.
hero member
Activity: 1138
Merit: 574
https://blockchair.com/bitcoin-cash/block/479469
Number of transactions of this block: 37,814









Now there is no doubt that BCH is the real Bitcoin!





5To blockchain incoming within a year ! Enjoy more centralization due to less nodes operating.
sr. member
Activity: 2030
Merit: 356
I never looked at the protocols but I have a question?.
hero member
Activity: 1092
Merit: 501
https://blockchair.com/bitcoin-cash/block/479469
Number of transactions of this block: 37,814

Some people would say that BCH has a scaling problem. Even 8 MB blocks don't seem to be enough.  Tongue
Where can you draw the line?
Blocks of 8 are enough for a long time but Bitcoin Cash recived a spam attack from some Segwitt supporters
Found the limit is like try to predict how many bytes will have a pendrive in the future. Technology is every year better and Satoshi said once that this will not a big problem.

Spam attack? That is funny. I thought that this was the reason given by small block supporters whenever blocks ran full.
And why would Segwit supporters need to attack Bitcoin cash by spamming (and thereby proving that higher transaction throughput is required)?
Exactly and even if that was the case then the fact that a blockchain with 8MB blocks can be spammed so easily show to us that just increasing the size of the blocks is not the right solution since anyone can just spam the network with very low transactions and fill those blocks, if a person admits to this then they are basically admitting that their solution is not the right one.
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