ok i'm going to give you guys a tip, so listen up. some of you guys here are pretty smart. but most of you aren't. there's nothing wrong with not being smart. most people aren't. but maybe if you listen to me you'll make some money.
bitcoin cash is going to be the Amazon.com of crypto. >what does this mean? it means that they want to provide all the functionality that every competing crypto provides. it means that if they execute that no other cryptos will have value. vitalik buterin initially wanted to build Ethereum on top of bitcoin. it was only after that the bitcoin team told him to piss off that he decided to build ethereum. but smart contracts are totally possible on top of bitcoin cash, not bitcoin segwit. similarly, with extension blocks, privacy guarantees as strong if not stronger than what coins like monero provides is totally possible. you'll still retail blockchain auditability--the privacy will be optional. further, because its not a "privacy coin" per se, a government less easily can decide to outright outlaw it. >but user why won't bitcoin just do this? bitcoin segwit literally can't due to its blocksize limitations. segwit itself also carries major problems. lightning network, which bitcoin segwit is staking its future on, is vulnerable to bank runs and is equivalent to fractional reserve banking. bitcoin segwit is also vulnerable to "altruistic selfish mining", which could lead to segwit transactions being stolen. the economics of this are downright scary.
they've tested gigabyte sized blocks and they seem attainable. there's no reason why individuals need to host their own nodes.
Dominic Walker
There is only one truth you need to know OP. Anything with "bit" or "coin" in the name will not be worth shit in the future.
Buy Link
Jaxson Thompson
Unironically all in BCH. It is the real bitcoin, it is the true crypto. People don't hate it because it's stealing the bitcoin name, they hate it because they're scared. No other coin can disrupt the market like BCH can, and has. BCH will be the nail in the coffin to alt moon gains.
Levi Allen
up
Jaxson Anderson
t. roger ver
Aaron Jenkins
Explain the segwit problem for a brainlet
Alexander Rodriguez
so i should buy more eth?
Henry Cox
Bean Cash makes your shitcoin obsolete.
Ayden Hernandez
the segwit problem is as follows: in nonsegwit bitcoin, Alice sends funds to Bob by attaching to her transaction "proof" that she owns her funds. in segwit, this "witness" is "segregated" (hence, segwit), meaning that it is removed from the block. instead, the witness data for segwit transactions (not all transactions are segwit transactions--segwit was a soft fork; that is, a messy hack) is relegated to a separate "special" type of block that only makes sense to nodes with segwit enabled. the way that they implemented this is as i said very messy and leads to lots of potential problems, one of which is the altruistic selfish mining vulnerability that i mentioned. i recommend the following vidya on the topic youtube.com/watch?v=VoFb3mcxluY this particular issue is discussed as his point #5 but the whole talk is worth listening to.
OP ive done tons of research on BCH and agree wiht everything you just said...
BUT lets face it OP the crypto market is completely retarded. nobody gives a shit about fundamentals or superior tech. do you think this shitshow of a market will ever figure out whats going on with BTC / BCH? Personally I dont think so. but for the small chance that BCH actually takes over everything I still hold my free coins I got from the fork and I will never sell them.
Ian Scott
bitcoin cash is slightly upgrade btc. Cardano will become the crypto that truly kills banks
Leo Reyes
bgone btrash
Carson Price
segwit is literally why bch forked off btc btc didnt want to increase the block size limit because and rolled out segwit as a mechanism to increase capacity slightly
Dominic Taylor
Hop on board! Read about Ripple, it's technology and what problem's its solving. Read about macroeconomics and why XRP is superior to other cryptos for the global economy. Load your bags with as much XRP as possible. Save an arsenal of highly potent, weaponized memes. Start shilling and BTFO the no-ripplers.
Not to mention with Bitpay activating BCH fully now both coins are on a similar merchant adoption level except why would anyone pay with core when cash is much cheaper. Only zealous corecucks will still pay with core over bitcoin cash.
>no reason for nodes What do you mean? Doesn't that just centralize it.
Ian Lewis
>bitcoin cash stopped reading right there
Leo Hill
There is nothing special about bitcoin cash. There are far better options out there. Still this is a retarded market so technology means jack shit. You can dyor but it is still crypto space is a fucking coinflip.
Elijah White
non-mining nodes in bitcoin only audit the chain. They don't secure or add to it in any way. In the future non-mining nodes will be run by nonprofits to make sure miners aren't colluding. Nobody really needs to run their own.
Aiden Murphy
Sorry you sold your BCH at 200 bucks a pop. You clearly don't understand what BCH is if you believe what you just wrote.
Brody White
this. craig wright talks about this. small nodes don't improve network security and in fact they arguable impair it. they don't add value to securing the network--that's what the miners are for. if they detect a problem they can't *do* anything, just try to alert people. if the miners are functioning properly that shouldnt be necessary; otherwise, things are fucked anyway. they tend to be less powerful machines, with fewer connections to the network, and therefore their understanding of the chain tends to lag behind. so to the extent that you care about e.g. zero confrmation transactions, they make things worse.
Anthony Turner
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Colton Miller
up
Luke Watson
>bitcoin cash will be a vertically integrated ecommerce solution that handles everything from creating products, providing a marketplace for consumers to buy those products, providing web services to host this marketplace, warehousing the products, marketing new products and collecting data on customers, and soon delivering those products to consumers. Somehow I doubt this
Zachary Allen
but still, why does this not centralize it? this would slim down the amount of miners now to those who will afford both newer GPUs and ever larger HDDs
Jordan Watson
>BTC private >BTC candy >BTC cash >BTC moon >BTC dark >BTC red >BTC dark
Shitcoins, shitcoins everywhere.
Charles Taylor
The only four cryptos that can be """easily""" exchanged for cash where I live are Bitcoin, Ethereum, Ripple and Litecoin. Bitcoin and Litecoin both do the thing now that you think Bitcoin Cash will do in the future. Why would I buy another crypto so I can BCH to buy my [thing], and why would the merchant take BCH if he has to buy another crypto to buy his fiat? Most people will just buy [thing] with fiat, unless they already use Bitcoin (or less likely Litecoin) as a piggybank. I fucking hate BTC by the way, and I wish everyone would just use ETH because shitcoin is dragging us all down with it. But BCH offers nothing that Litecoin doesn't. Prove me wrong.
Thomas Gutierrez
>implying sha256 miners use gpus >implying sha256 miners who literally print money cant afford a $50 hard drive
Jaxon Lewis
In the long run, we're more likely to land on one supremely dominant currency rather than multiple competing ones. This is because a currency's value grows exponentially with the size of its base. BCH already has the advantage over LTC here. After all, anyone can fork the bitcoin repo and launch a network. No one is going to attribute any value to it though.
Dominic Cook
Network security. Litecoin and bitcoin are both adopting segwit. Ethereum is buggy and vulnerable to attacks. Ripple may be okay if you trust it not being centralized and remain a good got. Other than that, bitcoin cash is proven reliable moreso than the coins you listed
Gabriel Morgan
the "big boys" may not use GPUs but this is the aspect that helps with decentralisation. HDD prices will rise, especially if blocks get crazy like 1 GB. And that is the point - it is thus another barrier to entry.
Noah White
that's a good point about segwit. LTC also is vulnerable to the altruistic selfish mining scheme.
Cooper Evans
would still be less centralized than lightning network
Eli Hughes
The one thing that I like about BCH is that it has a strong community of disciples behind it, and I wish those guys all the best in making Bitcoin what we all hoped it could be. My thinking on Bitcoin soured once we saw how easy it is for one party to corner and tank the market, and I would be interested to know how any Bitcoin fork will avoid this. I like Litecoin more now than I did because having its inventor divest and spread the coin into more hands seems like a plus now. Also I sold all my NEO in light of Gox 2.0, because even though I like his business model this one guy who owns it all could fuck the coinholders too easy. Tldr coin monopolisation is fucking us all what do.
Jayden Cox
I will need to read more about this. If you can get this message out to average coin guy that BCH is the secure medium of exchange then you have a fighting chance of winning the e-commerce war as most of us like to think we are hot shit technologists and early adopters. I'll think about making a BCH piggybank, but you guys should do a deal with Coinjar and get them to pair it with fiat. This is the entry point for most of the fiat coming into crypto from Australia.
Easton Rodriguez
I'm aware of that, the question I've had on my mind is if segwit has the potential to mess up the BTC blockchain in a permanent way. What say you?
Wyatt Martinez
are you sure btc, bch,eth and ltc ect arent going to be the netscape, aol, napster or alta vista of the crypto world?
Already watched some of this, a little technical for me and 38 minutes.
Can you give me the rundown on how Segway can corrupt the blockchain
Jack Green
you're living in the past my delusional friend. Zooming out just shows an ETH approaching bitcoin and a wee little Bcash fizzle and burn way down at the bottom right. The chart since the start of the year was actually more favorable to Bcash than the chart showing the alt-coin boom. not too smart over at r/btc/ i see.
Jaxson Brown
basic gist is you can wind up in situations in which a cartel of miners never transmit the witness data to the rest of the network, allowing segwit tx's to be stolen by the miners hypothetically
Zachary Cox
that graph triggers you I see. go ahead and state your case why the chart from the 1st of the year should not be used which shows Bcash crashing against Bitcoin, ETH and Litecoin. Face it, Bcash is a shitcoin and it's performance is is reflected in that. -57% since Jan 1. JUST
Adam Collins
>past performance is indicative of future results
Isaiah Roberts
you're either not too smart, or just triggered. savor the crashing BCash. -57% since Jan 1. Fantastic
Sure fucking thing retard....1gb blocks, the cost of running a node becomes insanely high so only big mining opreations can afford it... Nodes easily geolocalizeable - insane centralization. I want a coin that can survive a gov ban and btc (and xmr) is the only one that would survive
Lincoln Collins
short of a world government, bitcoin will be able to survive a government ban. there are large mining presences in china, thailand, phillipines, russia, soon to be iceland, canada
mining is going to continue to get more and more professionalized. top tier infrastructure. that's how competition works. baby mining on his 1060 is a bygone era.
Juan Turner
I agree user, you know what else i like? E-mails, they are so fast it's incredible, also they are free to send, it's eaven better than bch and ripple
Luke Rivera
This is a newer and better video on the segwit miner scenario
By measurement of market capitalization, bitcoin cash addresses the roughly 120 trillion dollars cash market, while bitcoin addresses the roughly 8 trillion dollar gold market.
Nothing to fight over. Two separate stated utility functions. Two separate objectives.
David Thomas
Bcash is never going to happen
Jacob Hughes
Found the Dash shill
Andrew Richardson
Yeah OK super genius. I'm sure when those last 165,000 BTC hit the market you'll be fine. I'm only interested in BCH as a vehicle for e-commerce after the crash which we're still in the middle of. Please go and be a brainlet somewhere else.
