/biz/ - Business & Finance

the articles you link don't understand the slightest thing about the ethereum blockchain, and neither do you if you think they're valid. by all means, sell all your ETH for BCH and HODL!!!xD

>>10144723
fact is that ETH did grind to a halt when CryptoKittens launched and fact is the ETH subreddit is full of people worried that it won't scale

https://old.reddit.com/r/ethereum/

Zilliqa solved the scaling problem.

>>10144817
ETH was grinding to a halt every time a fucking ICO launched through 2017, it has nothing to do with scaling, it's the same spike that fucks anything

when will the smart contract meme die??

>>10144839
I don't think that excuse works, I mean the bigger ETH gets more and more projects will get launched on it. That means more and more "spikes". So it has everything to do with scaling, if it can't handle "spikes" today it can't handle even more "spikes" tomorrow.

>>10144868
no, that is retarded. mining is a tight fucking margin, but with more and more consistent projects the baseline will lift and although that margin will shrink even more it will be maintained. It will become increasingly difficult for any one thing to cause a spike because there's too much network to move.

At the end of the day there will still be spikes and it will bog down like fucking anything else because nobody is going to pay for the wasted overhead.

big business is starting to wake up to cybermiles. I could see it replacing ETH for business needs in a year or so.

>>10144817
that's the opposite of a fact, in fact the chain worked perfectly for non-brainlets who knew how to use proper gas price
ironically we're facing a much worse gas crisis right now, but bottomfeeders who only get their news from uneducated msm with an agenda wouldn't know that
2 swings and 2 misses, would you like to cut your losses or do you want to humiliate yourself further?

>>10144833
Zilli stay trilli
I don't know shit about it besides sharding meme
And I'm 50% in
Gg eth fags

>>10144654
Who cares about the blockchain size? You don't need to download the whole thing.

>>10145426
does anyone actually bait on this shit?
do you get paid because i replied?

>>10145379
sounds like you agree with me at the same time as you disagree

>>10145542
the main issue isn't the size of the blockchain, it's the high CPU, RAM, bandwidth and disk I/O usage

>>10144654
POW is garbage. its wasteful as fuck and pretty much garauntees centralization.

this is why Bitcoin cash's big blocks won't scale. ETH already has dynamically increasing block sizes, and doesn't scale infinitely. it proves Bitcoin cash won't scale

>>10144654
>ETH does not scale.
>It already has too high CPU, RAM, bandwidth and disk I/O usage.
Ok yeah good points anon. Those are problems.
>Bitcoin Cash will win this
BAHAHAHAHAHAHA

>>10146119
no, spikes are merely relative to scale, you put cryptokitty traffic on another network this moment and it will get bogged

>>10146158
this

and unlike ETH, BCH has no scaling pipeline

>>10146195
doesn't really work that way, though bch could easily handle it since its smart contracts aren't executed on-chain, you do it off-chain and simply publish the proof that it has been done for those that want to confirm.

>>10146158
>>10146217
what are you on about? you can't do the same thing on BCH that you can only ETH but it's quite clear that you wouldn't want to because it doesn't scale. meanwhile BCH does scale for what it can do.

you fuckin idiots are debating all these solutions

>muh on-chain
>muh off-chain
>muh plasma
>muh casper
>muh lightning

meanwhile more businesses are already using VET in the real world than every project mentioned in thread combined

>>10146599
But does it solve the oracle problem?

>>10146599
never heard about VET and it's not even on coinmarketcap.com
tell me about it and all these places that use it?

>>10146574
the throughput increase ETH will see from sharding/PoS is ~500x current capacity; there is no way on earth the overhead of having smart contracts is enough to make BCH compete even in their use case overlap (basic transactions)

>>10146660
break it down for me some more, im willing to learn

you say something will happen (sharding/PoS) to increase the number of tx per second on ETH by 500. i assume that's what you mean, alright, what will the final tx/s be?

also you're saying that you know for sure smart contracts will never interfere with ETH's ability to transact that many times per second?

PoS = proof of stake or? then there's going to be some ideologically differences, personally i don't like PoS very much

>>10146743
It's a fairly rough number based on these assumptions (which I picked up from Vitalik and other sources, you're welcome to challenge the validity if you can find contradictory statements):
1) PoS improves throughput by 5x
2) 100 shards (another x100 capacity)

So take whatever tx/s ETH currently has and multiply by 500. Assuming ~10-15tx/s current capacity we can just multiply by 500 to get a rough estimate of 5000-7500 tx/s

This is also just the first iteration; as I understand it the number of shards increasing with time + other improvements will significantly increase the throughput as well.

Side chains will also help significantly, but base layer scaling is much more important.

I don't understand why you dislike PoS; is it the rich get richer argument? Same is true for mining.

>>10144654

Correction, Bitcoin will win this. Bitcoin is the only crypto proven to scale and adapt as and when needed. All other alts like Bitcore and ETH cannot match BCH's prowess. Go all in on BCH.

>>10146659
we've reached the height of summer, anons and femanons.

CHRIST

The answer is pretty simple. Everyone thinks they are dead, not, just not in constant hype mode. Check their GitHub, smart contracts live, sidechains for scaling, easy as hell. Oh and tumblebit for Bitcoin integrated (releasing very soon),, PoS.

>>10146903
hi boomeer

>>10146933
Good morning fellow boomer

>>10146943

ITT vitalikucks pretending you don't need more than a few transactions per second for ethereum to scale. Those are probably the same people that support bitcoin corpse. That's some impressive retardation. You can deny reality all you want but not the consequences of denying reality

Wow if I was hiring shills I would at least want them to have a basic understanding of these matters.

>>10144654
Ethereum is still under development...improvements may help with throughput, or may fail

ETH price goes up, price goes down - you can't explain that

>>10144654
The first article is not true, the guy intentionally lies about how sharding works and size of the blockchain. Blockchain takes 39GB.
https://medium.com/@VitalikButerin/because-of-ethereums-exponentially-growing-blocksize-the-bottleneck-is-not-regulated-8c0acd77b3a2
>>10146540
>you do it off-chain and simply publish the proof that it has been done for those that want to confirm.
Smart contracts are smart when the verification is done on-chain, without it you only have storage.

ETH is a bloated shitcoin factory, nothing more. enjoy getting rekt with your centralized vitalikoin

>Still havent looked up striim

Eth scaling solution capable of 15 TPS per user(address), with no practical restriction on the number of potential addresses. Plasma, Plasma Cash and Raiden BTFO

>>10144654
ETC will flip ETH.

But ETH offchain scaling like Raiden and Striim will eventually fukken do their job

True though
>try to run ETH node on home server
>it eats up more resources than a fudging 100 player arma 3 server

>>10144654
Buy XMR

>>10146885
>Bitcoin
>BCH

>>10144654
Dear Bitcoin Cash Supporters,

Why do you continue to dismantle this community?
You didn't get your way, so you had a fucking hissy-fit and fractured the community into the fragmented mess it is now. Even after everyone voted for BIP148, you still decided to irreversibly fuck up the network by hard forking because of "muh segwit blockstream conspiracy". I'm not saying you don't have legitimate concern. Blockstream is definitely a major influencer over SOME of the developers, but they by no means control bitcoin. BIP148 was voted in fair and square by the community. Instead of trying to cooperate with everyone else, you decided it was best to flip the table and fuck everyone over, including yourselves. You have destroyed any unity we had against the central banks and turned the whole crypto market into a cesspool of worthless shitcoins. If you had not flipped your shit over a slightly different technical implementation, we would be so much closer to destroying traditional banking.

You guys always fall for their fucking divide and conquer tactics. Surprise! Surprise! They successfully weakened both sides to the point where crypto is barely a threat to them. Crypto was about taking them on, and destroying their system; yet somehow they managed to be the ones to destroy our system. If crypto is to have a legitimate impact on the world, we must put aside our differences, and take on the real enemy. Stop talking about blocksizes or retarded shit that doesn't even matter at this point. Talk about the real problem at hand, the reason why bitcoin was created in the first place, the fractional reserve banking system. Stop focusing on destroying bitcoin core, and start focusing on destroying the federal reserve note.

If you don't we will both lose.

From,
A bitcoin supporter

>>10147903

Yes, that is correct. BCH is the ticker for Bitcoin.

If Ardor perfects pruning it is going to bend ETH over and steal a large portion of those who support it. Get in now before it’s too late, Anon. I hope you make it.

>>10144654
>Plasma is fake

OP forgot to mention the real kicker of this:

EHTEREUM DOESN'T HAVE A WORKING LIGHT CLIENT

ITS FUCKING BROKEN

IT DOES NOT WORK

DO-O NOT-O WORK-O

FULL OF BUGS

HOW IS THIRD WORLD BOBBY SUPPOSED TO DOWNLOAD THE WALLET WHEN HE HAS LIMITED DATA CAP? BUY A BLOCKCHAIN USB FROM EBAY? SOMEONE SHOULD DO THIS BTW LOL

>>10148827
But Metamask and Trustwallet work really well?
Unironically the most mainstream adoption crypto has

>>10144839
If you run a project that slows down the network once, maybe it's just an intensive project. If every project slows down the network, maybe your network sucks.

>>10148869
I bought ETH at 13 dollars and have not and will never use Metamask. I mean, I tried it using Ropsten ages ago, but it is just not my cup of tea. So just purely speaking from my own perspective, there must be others like me who also cannot stand it.
There is a lot to be said for simplicity and straightforwardness in design and all of that, almost everyone prefers simplicity except autist programmers who need to account for everything due to being autistic and anal in that way.

I think most wallets suffer from being far too complicated for the average person even the light btc clients suck but it is still relatively early days. Imo, wallets should resemble Google Pay or Apple pay. No need for any other than the very basics unless the user needs it specifically (by downloading a different version/wallet/whatever)

I'd bet people use MEW more than metamask. I'm sure anons will say "B-but it's n-not out of beta y-yet really", and? How hard can it be to create an official wallet that is uncluttered and easy?

IF THE WALLET IS A JOY TO USE, PEOPLE WILL USE IT. People will use crypto more, etc. If I have to wait 3 weeks to download the blockchain and run into 30 errors before ever even being able to send or recieve... what the fuck is going on here?

>>10148827
>>10148869
>>10148965
What I'm trying to say is: I think there has to be a point where designers have to step up and do their part, but the wallet needs to work and not require effort. An autist programmer will never be able to into design. They do the back end, they can't do both.

Look at Coinbase. It doesn't surprise me that its the most popular exchange.

>>10144654
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>>10148965
Have a look at the Ark mobile wallet, thats a good example of what I want in a wallet

>>10146839
thanks, i'll believe it when i see it though. it's not strictly the rich get richer thing, having trouble articulating why i dont like it tho. it's kind of like this, imagine someone creates a PoS coin but they hold so unbelievably much of it that it's basically a dictatorship. no third party rich guys can come in and add hashrate to get a stake in deciding what goes. well then what's the point, might as well just use classic banking system with a server and where the bank says what goes. at a certain point the PoS system isn't even worthy of the name crypto.

>>10146902
you sure explained it to me buddy, guess me and everybody else should just forget about this VET thing, whatever that is.

>>10147903
BTC doesn't even have a whitepaper. I mean we can joke about it but at the end of the day the thing that is described in the bitcoin whitepaper isn't actually describing BTC anymore.

EOS will win. Everything BCASH has but DAPPS