qsucvatz · HackerTrans

8 jaar geledendiscuss

And chlorine in salt!/s

8 jaar geledendiscuss

And support by the original developers of Bitcoin, for scaling by blocksize and exponential growth of computing, bandwidth, and storage.

qsucvatz

8 jaar geledendiscuss

Bitcoin Cash added new utility that SegWit lacked: 8 MB blocks, higher capacity, lower on-chain fees. That new utility is new value for Bitcoin holders.

Another fork will add ZKP privacy, new utility and new value.

qsucvatz

9 jaar geledendiscuss

Bitcoin can fork to change it's Difficulty Adjustment Algorithm.

qsucvatz

9 jaar geledendiscuss

Bitcoin can change it's divisibility any time.

qsucvatz

9 jaar geledendiscuss

That long term stability may be impossible with a central bank.

qsucvatz

9 jaar geledendiscuss

If mining is too difficult,the difficulty drops, until a single PC is finding every block on schedule. I'll mine, so that won't happen.

qsucvatz

9 jaar geledendiscuss

Sure thing. BCH scales as Bitcoin was supposed to. It is supported by the original Bitcoin developers. It's electronic cash, directly peer to peer, not hub and spoke like Lightning. Bitcoin is now BCH.

qsucvatz

9 jaar geledendiscuss

More know BCH is Bitcoin every day.

qsucvatz

9 jaar geledendiscuss

Because Bitcoin used to work, and now it doesn't. Bitcoin Cash scales appropriately.

qsucvatz

9 jaar geledendiscuss

0 fee txns don't cause high fees. They are dropped from the mempool as needed.

qsucvatz

9 jaar geledendiscuss

Fees are skyrocketing in Satoshi: what used to be 1 sat/Byte is now 1000 sat/Byte.

qsucvatz

9 jaar geledendiscuss

Median fee is a good metric, it avoids the over-paying txns and the miner-accelerated txns.

qsucvatz

9 jaar geledendiscuss

How does litening work if it takes a transaction to open and a transaction to close, and the median fees are increasing with time?

qsucvatz

9 jaar geledendiscuss

Bitcoin Cash is closer to the original Bitcoin implementation in code, philosophy, and community. Same thing that worked since 2009, until the blocks ran out of space.

qsucvatz

9 jaar geledendiscuss

Going to $0 is -Inf% loss.

qsucvatz

9 jaar geledendiscuss

It was announced at the depths of the financial crisis, October 2008, when cornerstone institutions were declaring bankrupcy every weekend.

It was running by January.

Equation Group.

qsucvatz

9 jaar geledendiscuss

It's all hinged on SHA-256 and RIPEMD-160 being good cryptographic hashes, and ECC being a good digital signature. Crazy town.

qsucvatz

9 jaar geledendiscuss

The revolution isn't in building niche complications.

Progress looks like tearing things down. Replacement with automatons. Direct transactions.

qsucvatz

9 jaar geledendiscuss

This form of proof of work, SHA-256, has a scramble shuffle of XORs that quantum computers aren't applicable to.

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