/biz/ - Business & Finance

>>9131799
you explain

>>9131799
he right, dont fix what aint broke

>>9131799
Worst analogy ever

>>9131799
Why bother having 8 cylinders when you can just have 1 and boost it with our snake oil additive

>>9131799

>1mb is an engine

No the miners aren't the engine, the 1mb is.

KYS rajeesh

>>9131799

why improve anything at all when you can just edit the variable json file

Roger is not a developer so he doesn't really question what the BCH developers are doing. As for core he only knows that bitcoin core is not the bitcoin of old that he fell in love with, this is a ugly retarded bastard child of the original.

>>9132094
Are ya feelin' ok bcash?

>>9131799
txhighway.com

>>9131799

>BCash was originally created by and for Jihan Wu, because Segwit would marginalize his companies profits by disabling covert ASICBoost, which is an “improvement” to mining that gave his mining operation significant leverage over others.

refute this

>>9131799
This is perfectly sound when it comes to rockets. A lot of the time all the man hours and resources that go into research and production of complex highly efficient rocketry isn't worth it, and is cheaper to just build a bigger more simple rocket.
Overengineering is a meme which leads to things getting broken more often, see Ethereum.

The absolute state of Corecucks.

>>9132415
k

BCash (Bitcoin Cash) is a fork of Bitcoin specifically designed so that Jihan Wu, the owner of Bitmain (the company that manufactures Antminer ASICs) can continue to exploit a mining accelerator called "ASICBoost".

His whole company's competitive edge was eliminated by Bitcoin so they forked off and made BCash instead and are trying to shill all over and convince people it's the real Bitcoin, when it's not

They're doing this with another justification - that an increase in the block size (literally just increasing a constant) is the method to scale, and Lightning Network is not. BCash cannot utilize Lightning Network since they did not implement Segregated Witness (SegWit), but there will be shills telling you that they can, but they really can't and won't

There are all sorts of other supposed benefits to BCash like 0conf which is really just a choice to lower security in favor of speed, same with the block size increase I mentioned above.

It's just a shitcoin trying to ape the real Bitcoin name. Don't let anyone tell you otherwise, nobody with any real technical knowledge prefers BCash.

Also BCash nodes are highly centralized, see pic related. Ignore anyone telling you it doesn't matter, because it does

Everything I said is very important when it comes to the security of the cryptocurrency, but BCash supporters always pretend like these security-sacrificing tradeoffs don't matter at all. Ignore them.

>>9132208

I'm 100% in Bitcoin Cash and confident as ever, thank you for asking Sanjit

>>9132371
>"...protect their holdings in the event of a switch"
And there it is once again; bcashers' final desperate selling point and the only reason anyone holds bcash. "I better hold some just in case."

>>9132699
Thank you. This is correct.

The only alternative is LN, how could anyone take it seriously? You need to open an online channel with everybody that you want to to fast transactions with. It's only possible to achieve that using big hubs/banks. This is the vision of 1 company that has pretty much stolen the rights for BTC development.
For Bitcoin to succeed, scaling needs to happen on-chain. Whether it will be using big blocks or sharding - both are realistic viable options.

>>9132699
>>9132753
> zero evidence bitmain ever used asicboost on mainnet
> acknowledged fact core uses asicboost on btc mainnet
real story for segwit is >>9132694
are you guys idiots or shills?

>>9132854
Thank you. This is correct.

>>9132854
LN isn't just for BTC, bcash is likely to end up on it also. It will make paying at a point of sale just as fast and easy as credit cards. It needs time but eventually the proposed near-field chips combined with LN will be the opening of the floodgates into crypto actually being a currency. It's exactly what we need.

The opening and closing of channels will all be behind the scenes. All you will need is an account with the store and to keep your LN card funded. This is what's going to make the infamous "buy a coffee with bitcoin" feasible.

>>9132957
> we'll reimplement the banking system with the blockchain as a settlement network just for banks and the plebs will have lightning funded mastercard goy it'll be glorious
.. Yeah, we know, that's the problem. It's not Bitcoin, end of story.

>>9132931
>zero evidence bitmain ever used asicboost
>despite filing a patent for asicboost
lmao imagine blatantly lying like this

imagine being a cashie

>>9133269
> having a patent for something is the same as deploying it in production
imagine being this fucking stupid.
imagine being a coretard.
I'm not even saying they absolutely positively never *did* deploy covert asicboost on mainnet, I'm saying I've never seen any conclusive evidence for it at all, period. I'd be interested to see if there was such evidence, as it would actually be catching them in a lie, so by all means if you can provide it, great, we should keep the space honest by exposing liars in it, like blockstream and co and the shills like you they hire to spin their nonsense.

>>9133075
The "bank" argument is tired, especially from a coin issued by a bank called Bitmain.

The chip cards can be made by anyone, not issued by a bank or a LN hub you're equating to a bank.

The bottom line is the currency will be deflationary crypto instead of a government-issued inflationary shitcoin aka the dollar.

If you have a better proposal to bring crypto to mainstream use as a currency, fine,it doesn't have to be LN, but it isn't going to be bcash.

>>9133314
>that one tweet is all bcash cucks have to prove "core" pays for shilling
meanwhile roger has openly admitted and been found out tens of times to be paying people to mine bcash, to buy up bitcoin accounts to shill bcash, and to pay moderators on reddit to remove anything negative about bcash

funny how you chink slaves conveniently never discuss any of that when you entertain your little basement dweller conspiracy theories.

>>9133314
>>9133269
this is gay and doesn't make me money

>>9131799
You realize that BCH forked to avoid Segwit right. Big blocks is of secondary importance, remaining a chain of digital signatures is the most important aspect.

>>9133328
> The "bank" argument is tired, especially from a coin issued by a bank called Bitmain.
> The bottom line is the currency will be deflationary crypto instead of a government-issued inflationary shitcoin aka the dollar.
You see this is a contradiction right? You're still advocating issuing currency through proof of work, but you're saying issuing currency through proof of work is a mistake. So, one of those perspectives must be wrong.
> The chip cards can be made by anyone, not issued by a bank or a LN hub you're equating to a bank.
As if it matters who makes a pipeline to the bank where they re-implement a centralised bretton woods system using some other token, which they will have control over, and will manipulate all the same.
> If you have a better proposal to bring crypto to mainstream use as a currency, fine,it doesn't have to be LN, but it isn't going to be bcash.
It's going to be Bitcoin (BCH) because BCH is not kiked to all fuck, it's the original vision, it's what has worked fantastically for all these years, and it is what will continue to work, and no matter how much you have a problem with it, it doesn't make a lick's worth of difference pic related, BTC will die and there's nothing you can do about it.
Find another job shill.

Assuming you aren't a Core shill, which you are, there's only one way in which you could be this ignorant about Bitcoin, and that's if you were fed by Blockstream's propaganda for years and never went out of their echo chamber to learn the tech for yourself.

>>9133575
do you actually think segwit removes signatures from the blockchain?

why do bcash late adopters always have such a hard time understanding the actually tech behing bitcoin, or bcash itself.

>>9133644
>late adopters
BCH is a fork you retard - A FORK. Are you familiar with the concept of forks? Every BTC holder received the equivalent amount of BCH. It's the most fair distribution ever, with zero founder reward and all the similar familiar scams.
If that's the best you can do it only shows you FEAR COMPETITION.

>Ameritards austistically screeching about "no replacement for displacement"
Bcash

>try to race a meme tier Italian poser mobile
Bitcoin
>Get close at one point before crashing and burning

This gif and OP's analogy does make perfect sense. It would be perfect if a Porsche then came up behind to lap both of them, which represents Ethereum

>>9133345
No we saw your secret shillmaster slack group too. Core s o y b o y s really are going to lose this one.

Can someone fork bcash and call it bcash the real bcash ?

Or how about this, [Left] Bcash and [Right] Bitcoin

>>9133345
> meanwhile roger has openly admitted and been found out tens of times to be paying people to mine bcash, to buy up bitcoin accounts to shill bcash, and to pay moderators on reddit to remove anything negative about bcash MUH ROGER
evidence bitch or stfu, nobody cares about your personalities and bitching.

>>9133714
bcash late adopters incapable of reading posts too it seems.

you're right, i still haven't sold my bcash airdrop, but i also have no reason to desperately try and shill it, because i got my bcash for free, more than anyone on here could probably even afford to buy.

who do you think has the most incentive to shill, those who bought it, or those who did not?

>>9133870
>nobody cares
funny, you guys seem to care a lot about your little leaders and what they're doing.

Wouldn't it be better if bch was called something completely different? To a normie it probably sounds weird to say "bitcoin cash" instead of just bitcoin. On top of that it just makes it seem like a knock off btc. Really wish that it'd try to distance itself from the btc project. Keeping the name doesn't help.

>>9133828
>bloated, too expensive, poor replica of the original, made purely to obtain normie bucks, has useless features, will be worthless in 20 years

vs

>original, innovative, timeless, desired by rich and poor alike, minimalist, somewhat slow, and becoming more expensive and rarer with the passage of time

it checks out.

>>9134004
>Bcash
>too expensive
That's an excellent point. One of the biggest criticisms of the real Bitcoin has been that using less than 1 BTC is not normie friendly, they can't wrap their heads around paying 0.00022 BTC for a dozen eggs.
So if this fork is supposed to be normie friendly version then it can't be 0.0015 BCH for a dozen eggs, it should be 0.01 at the very least. It's massively over priced for it's function.

>>9134228
>It's massively over priced for it's function.
The denominations in BCH are being changed to BitCash, or Cash, which is one-millionth of a BCH.

>>9133783
If it more closely resembles the original Bitcoin vision then yes.

>>9132415
Question for you.
Now that this has been refuted, do you believe that maybe you were wrong?
or is reality that is wrong and you need to do some mental gymnastics to change it?
I'm serious, please give me a sincere answer.

>>9133345
He also offered to buy r/bitcoin for $10k

>>9133954
>On top of that it just makes it seem like a knock off btc
It is.
Agree on everything else.
But Roger Ver is trying to scam newbies and try to get them to buy useless bitcoin cash instead of bitcoin

>>9133894
You make a retarded point not based in fact at all, I shoot it down because it's retarded, and also point out it's stupid, it's like you're writing a campaign about how the street sweeper should be fired because he has a criminal record, and it turns out that it was for pissing in a bush ten years ago, and also who gives a fuck if a street sweeper has a criminal record.
Just because you're a lying and/or ignorant sack of shit, doesn't invalidate the point that we're building trustless ecosystems here and therefore the very question of trust is beside the point.

>>9133885
> I don't understand how forks work.

>>9133954
This shill line is getting old, now, especially when it keeps getting bought up "Hey, you guys, bitcoin cash is really great and all, but you know the normies are getting confused, can you go ahead and acknowledge that we're actually bitcoin?" No, we are, gas yourself.

>>9131799
Because the other options take the power from you.