Post: #51

I agree with your line of reasoning Hotline. It seems Bitcoin Core is having equally troublesome problems, however, for those of us who oppose centralization:

I wouldn't be surprised if a false dichotomy is being created here... divide and rule. Republican vs. Democrat, BTC vs. BCH... either way you're fucked.

Roosh tweeted this video recently:

Post: #52

(12-23-2017 11:52 AM)Hotline Wrote:  I’m surprised to see people here advocating Bitcoin Cash. RVF is a fringe forum (in the best possible way), where the threat of censorship is a real possibility.

The argument for Bitcoin Cash is that Bitcoin’s network is too congested, fees are too high, confirmation times too slow, etc.

Bitcoin Cash’s answer is to increase the block size. Larger blocks make full nodes more expensive to operate. Therefore, larger blocks lead to fewer full nodes, which leads to centralized entities having more power, which makes Bitcoin require more trust.

Continue down this path, and miners have the power to censor the network by refusing to mine certain transactions. Anyone from a certain country, on a political watchlist, etc.

Linear scaling through block size increases can't match exponential growth in use cases or transactions. Pain now is better than poor engineering decisions that don't actually solve problems. The solution is to continue innovating, as well as scale modularly and grow the protocol into a stack.

In the mid 90’s streaming and HD movie would seem hard to fathom, but today we have Netflix.

Bitcoin Cash = censorship

(12-23-2017 12:20 PM)OGPUA Wrote:  I agree with your line of reasoning Hotline. It seems Bitcoin Core is having equally troublesome problems, however, for those of us who oppose centralization:

I wouldn't be surprised if a false dichotomy is being created here... divide and rule. Republican vs. Democrat, BTC vs. BCH... either way you're fucked.

Roosh tweeted this video recently:

You're both right, both networks have no future.

The future is in a private altcoin. One that can scale, can't be censored, and is fair between miners and users.

To the best of my knowledge, the answer is Monero.

Post: #53

(12-23-2017 01:59 PM)Samseau Wrote:  

(12-23-2017 11:52 AM)Hotline Wrote:  I’m surprised to see people here advocating Bitcoin Cash. RVF is a fringe forum (in the best possible way), where the threat of censorship is a real possibility.

The argument for Bitcoin Cash is that Bitcoin’s network is too congested, fees are too high, confirmation times too slow, etc.

Bitcoin Cash’s answer is to increase the block size. Larger blocks make full nodes more expensive to operate. Therefore, larger blocks lead to fewer full nodes, which leads to centralized entities having more power, which makes Bitcoin require more trust.

Continue down this path, and miners have the power to censor the network by refusing to mine certain transactions. Anyone from a certain country, on a political watchlist, etc.

Linear scaling through block size increases can't match exponential growth in use cases or transactions. Pain now is better than poor engineering decisions that don't actually solve problems. The solution is to continue innovating, as well as scale modularly and grow the protocol into a stack.

In the mid 90’s streaming and HD movie would seem hard to fathom, but today we have Netflix.

Bitcoin Cash = censorship

(12-23-2017 12:20 PM)OGPUA Wrote:  I agree with your line of reasoning Hotline. It seems Bitcoin Core is having equally troublesome problems, however, for those of us who oppose centralization:

I wouldn't be surprised if a false dichotomy is being created here... divide and rule. Republican vs. Democrat, BTC vs. BCH... either way you're fucked.

Roosh tweeted this video recently:

You're both right, both networks have no future.

The future is in a private altcoin. One that can scale, can't be censored, and is fair between miners and users.

To the best of my knowledge, the answer is Monero.

Monero will also be implementing the Lightning Network as tweeted by their main developer Ricardo Spagni:

https://mobile.twitter.com/fluffypony/st...6025921536

Post: #54

I think Bitcoin cashes growth will be limited by having Ver as some type of spokesman. He is an open scumbag, recently saying insider trading is not criminal. I certainly wouldn't invest in anything he is connected to.

https://cointelegraph.com/news/alleged-i...e-says-ver

Post: #55

I moved my Litecoin buys to BCH. I don't care about the dubious character assassination on Ver. He has created a product that has the potential to be superior to Bitcoin, and which is working great as of now. I believe it's worth owning, at least as a hedge to Bitcoin's potential downfall.

Also, the attacks on Ver reminds me of when people attacked me. People are narrowing in on emotional issues and blowing them up, usually concerning his opinions. Once I start seeing him sabotaging BCH like Bitcoin Core developers are doing to Bitcoin, I'll listen.

Post: #56

(12-23-2017 09:08 AM)Samseau Wrote:  

(12-21-2017 02:58 PM)Maciano Wrote:  

(12-21-2017 02:21 PM)Kid Twist Wrote:  

(12-21-2017 05:16 AM)[email protected] Wrote:  The reason BCH isn't a scam isn't so much just the better tech and fees but big baller money backing it. Both the big miners and institutional investors will use their millions to market and promote BCH. When BCH becomes an established fiat gateway on many exchanges it will be difficult for the average person to tell the difference between it and BTC.

My research a while back showed the same thing. It's not about the name as much as it is about the best transactor, and the lightning network (as far as I understand) is inferior to BCH's

I'll wait for this drop (it'll continue) and then consider getting in, especially now that bitpay has allowed bcash

Better tech... Do you even understand Lightning Network? Bcash simply changed the blocksize from 1MB to 8MB to scale. That's it.

I mean, sure, go for Bcash if you want, but, jesus...

So this means BCash could hit 8x the marketcap of BTC.

I don't know if I would agree with 8x the cap of BTC but institutional investors seem to think in this direction.

Post: #57

CMIIW, besides the 'technological improvements' and interesting character of Roger Ver, what is being promoted right now is that Bitcoin Cash (BCH) is taking on the original meaning of Bitcoin (BTC), which is to have a decentralized monetary system.

That is the main idea behind it. But I've heard from a friend that smart money is moving into BCH. I personally haven't found any sources that support this; however, my friend has been quite good with his predictions and strategies.

I've read a myriad of articles, but it seems that there are conflicting views whether or not BCH is actually carrying on the intended purpose of BTC, which is to become a global currency.

What are your thoughts? If you could provide links that'd be great.

Cheers,
BE

Post: #58

(12-23-2017 07:59 PM)Roosh Wrote:  I moved my Litecoin buys to BCH. I don't care about the dubious character assassination on Ver. He has created a product that has the potential to be superior to Bitcoin, and which is working great as of now. I believe it's worth owning, at least as a hedge to Bitcoin's potential downfall.

Also, the attacks on Ver reminds me of when people attacked me. People are narrowing in on emotional issues and blowing them up, usually concerning his opinions. Once I start seeing him sabotaging BCH like Bitcoin Core developers are doing to Bitcoin, I'll listen.

How do you do this exactly? Do you go to coinbase and exchange LTC to USD and then buy BCH with the USD?

Post: #59

What's the easiest way to get BCH, though, not on an exchange?

Post: #60

(12-23-2017 07:59 PM)Roosh Wrote:  Also, the attacks on Ver reminds me of when people attacked me. People are narrowing in on emotional issues and blowing them up, usually concerning his opinions. Once I start seeing him sabotaging BCH like Bitcoin Core developers are doing to Bitcoin, I'll listen.

Monero is similar, a lot of people refused to buy it because they hated one of the team members (@fluffypony).

Stuff like this can be good if you are more interested in buying based on the merits of a project as a whole because it means you get to buy it cheaper while others are busy focusing on the people like its some kind of popularity contest. (Looking at a team involved with a project is a smart thing to do but you should be looking at their technical ability and project history not deciding if their opinions align with your own.)

Post: #61

(12-23-2017 07:59 PM)Roosh Wrote:  I moved my Litecoin buys to BCH. I don't care about the dubious character assassination on Ver. He has created a product that has the potential to be superior to Bitcoin, and which is working great as of now. I believe it's worth owning, at least as a hedge to Bitcoin's potential downfall.

Also, the attacks on Ver reminds me of when people attacked me. People are narrowing in on emotional issues and blowing them up, usually concerning his opinions. Once I start seeing him sabotaging BCH like Bitcoin Core developers are doing to Bitcoin, I'll listen.

I've actually come around to this POV. Regardless of Ver's character, whether the attacks are true or not (and I'm doubting them as I'm beginning to view bitcoin loyalists as cult members and stooges) BCH actually works as currency, which was the original intent of bitcoin. Bitcoin can't be used for buying anything less than several hundred dollars as the fees aren't worth it, so the bitcoin developers have moved the goalposts to "store of value." It's arguably even worse as a store of value than as a cuurency.

Post: #62

Just sent some BCH to an exchange. Doesn't seem to move that quickly, pretty slow in fact...has taken an hour to do 6 confirmations. Both LTC and ETH moved a lot faster than that. Is that normal?

Post: #63

(12-31-2017 10:36 PM)Gas Wrote:  Just sent some BCH to an exchange. Doesn't seem to move that quickly, pretty slow in fact...has taken an hour to do 6 confirmations. Both LTC and ETH moved a lot faster than that. Is that normal?

Bitcoin cash block times are the same as bitcoin, it should be about one per 10 minutes so 6 in an hour would be spot on.

The difference between BCH and BTC is the amount of transactions sent in each block is higher so the fees required to send a transaction are much lower.

Post: #64

^ If that's the case I don't see why BCH would succeed based on the idea that it's a "better Bitcoin", there are already tons of other "better Bitcoins" that are also faster and cheaper than BCH. Or what am I missing here.

Post: #65

The other better bitcoins can't be called bitcoin, ever.

BCH could be called bitcoin in future, if the current bitcoin dies, or even just goes significantly lower in value to BCH.

Post: #66

I see. If the only merits it has are branding I might sell down my stake a little bit.

Post: #67

Just did a BCH transfer. It takes just as long as BTC, but the fees are at least 10x lower.

Post: #68

Yeah I've had to do a few recently as well - I've been moving things with BCH because the fees are so much lower. Litecoin is my favorite so far though. Barely two minutes and it's there.

Post: #69

(01-01-2018 07:17 AM)dasher Wrote:  The other better bitcoins can't be called bitcoin, ever.

BCH could be called bitcoin in future, if the current bitcoin dies, or even just goes significantly lower in value to BCH.

Is there anything stopping them from doing ANOTHER fork and making a Bitcoin that is even faster and cheaper again?

If the idea of BCH was to create a faster and cheaper Bitcoin they did a pretty bullshit job. It's not faster at all, and it's cheaper, but still more expensive than other coins. Maybe I'm missing something special behind the scenes, but from an everyday user perspective it's not really a big improvement.

Post: #70

Don't forget that bitcoin has the highest volume. From what my tech nerds friends have explained to me, if Litecoin had as much volume as bitcoin does now, it wouldn't have much of an advantage anymore. And, the bitcoin teams are still working on their scaling too...

Post: #71

Good point. So as Litecoin volume goes up, do the fees also get higher along with the transaction time?

Post: #72

Would the easiest way to get dirty BCH be to get a BTC then trade it for bitcoin cash?

Post: #73

(01-04-2018 11:47 AM)Kid Twist Wrote:  Would the easiest way to get dirty BCH be to get a BTC then trade it for bitcoin cash?

Easiest way is to buy it on Coinbase.

Post: #74

Today's 30% BCH jump was a great opportunity to trade out my bags.

Post: #75

BCH is a sure bet. Most people on the dark web use it nowadays, it's already replaced bitcoin. BTW the fees are not "10 times lower than BTC". They are 1000 times lower than BTC