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/biz/ - Business & Finance


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9210773 No.9210773 [Reply] [Original]

In two weeks we'll be upgrading Bitcoin (BCH) to 32MB blocks.

32MB blocks is 100tps+ onchain.

PayPal averages a little under 200 tps. (source) and supports over 227M users. Just a few years ago they were at ~100tps and ~100M users.

>> No.9210918

they will just ignore this and then buy back in higher

>> No.9211234

>>9210918
Remember /biz/raelis: buy high, sell low.

>> No.9211273

what is the drawback of increasing block size?

>> No.9211279

You mean bcash?

>> No.9211302

have you looked at a bch block?
they are fucking empty
morons

>> No.9211303

>bch doesn't even use current transaction capacity
>let's go for even bigger blocks
this probably makes sense to the type of brainlets who like bch ("bigger number = better!"), but for all practical purposes this only gives more ammo to people who think the expanding size will squeeze out smaller nodes and increase centralization

>> No.9211314

126k in june

>> No.9211332

>>9211273
giant blockchain impossible for consumer level storage.

the opposite of "peer-to-peer" or "decentralization" when the only entities who can afford to keep a legit copy of the blockchain are data centers.

>> No.9211344

>>9211303
kek most BCH blocks aren't even 0.1 MB, this is such a joke

>> No.9211393
File: 215 KB, 2758x454, 1524609385138.png [View same] [iqdb] [saucenao] [google]
9211393

>>9211332
Its decentralized enough and new entrants to the market are allowed.

>> No.9211597

>>9211393
>decentralized enough

Satoshi's vision was simple... peer-to-peer electronic cash.
this doesn't mean "fast" and it doesn't mean "cheap". But, the main objective that I read when I read the whitepaper is the "double-spending" obstacle. Satoshi himself describes bitcoin as an "implementation of Wei Dai's b-money" and "Nick Szabo's Bitgold". that means that bitcoin was already invented... and the satoshi whitepaper really only emphasizes the peer-to-peer nature of POW mining will solve the "double-spending" problem.

in other words... roger ver is a con man. and bcash was spawn from greed and asicboost.

>> No.9211607

>>9211393
>Its decentralized enough
lmao fuck off

>> No.9211621
File: 12 KB, 567x97, dubspend.png [View same] [iqdb] [saucenao] [google]
9211621

>>9211597
pic related

>> No.9211624

https://txhighway.com/

I'll just leave this here

*breathes in*

>> No.9211692

>>9211332
Yeah but groups can get together and enter into the network without permission. Your local libertarian book club can’t just set up a server and get on the SWIFT network.

>> No.9211695
File: 968 KB, 760x1520, info5.png [View same] [iqdb] [saucenao] [google]
9211695

>>9211332
Learn your shill.

>> No.9211697

>>9211332
>he thinks you need to store the entire chain to run a node

You realise once you verify up to a block you can discard it only storing the hash and the balance tables? The bottleneck is verification which can be done on any regular PC and internet speed (32mb in 10 minutes)

>> No.9211737

>>9211597
>>9211607
You're both retards. Look at what I posted. Satoshi wasn't a moron and foreseen nodes turning into a big data centers. It literally is decentralized enough. Learn game theory, faggots.

>> No.9211823

>>9211624
God damn that's funny

>> No.9211846

>>9211302
/thread

>> No.9211855

REEEEEEE IM A BCASHER REEEEEEEEEEEEE

GUYS COME BUY BCASH REEEEEEEEE
ITS SO GOOD REEEEEEEEEE
REEEEEEEEEEEEEEEEEEEEE

>> No.9211912
File: 500 KB, 728x640, 152.jpg [View same] [iqdb] [saucenao] [google]
9211912

>cashies now call bcash bitcoin

>> No.9211945

>>9211624
holy shit...
>btfo cash

>> No.9211955

>>9211692
how did you know I run a librarian book club?
>>9211695
I am not a shill... I am just smarter than you.
>>9211697
>realise
Learn to spell it how your American overlords spell it.
>>9211737
I don't play games. throwing and catching balls are for niggers and spicks

>> No.9211991

>>9211945
>average fees >$2
>cash btfo

This isn't even accounting for the wait times, kek. Anyone looking at this and thinking it supports Core is top tier brainlet.


>>9211955
You sound like a faggot I knew back in middle school who said "I don't throw away trash, I burn it".

>> No.9212000

>>9211695
This is the shittiest, most misleading info graph I've ever seen on /biz/. I can't even fathom the amount of pajeetery it must have taken to write such garbage.

>> No.9212005

>>9210773
If you're going to allow such large blocks, you're going to get centralized mining. If you don't have a problem with that, you should buy XRP, not BCH. Both are centralized but at least XRP has slightly less scammy leadership.

>> No.9212034

serious question, is there anyone dumber than bcash shills, or are they as low as biz is going to get

>> No.9212037
File: 559 KB, 1024x595, 1510167262226.png [View same] [iqdb] [saucenao] [google]
9212037

>>9212005
>tfw its literally the same miners as Core
>tfw most of /biz/ is as retarded as you

>> No.9212038

>>9211624

Look at all that room for growth, soon to be even more.
How retarded do you have to be to only tackle problems when they're big enough to destroy the network? Remember when BTC had over 200k unconfirmed transactions and massive fees?

lmao. What sort of mental gymnastics are you having to do to think the TX highway makes BCH look bad?!

>> No.9212121

>>9211624
reminds me of those empty cities the chinks built a while back

>> No.9212127

I have a bunch of bch domain names, where can I sell them?

>> No.9212146

>>9212037
it's not, Core doesn't support asicboost mining because of segwit, Cash is 90% asicboost

>> No.9212181

>>9212146
Wrong, asicboost / version rolling is supported in core for slush and some other pools. The halong mining dragonmint miners use asicboost

>> No.9212262

>>9212181
there are two versions of asicboost. the overt one is the one which you describe. The covert one is the one >>9212146 is describing. You are both correct.

>> No.9212295

>>9210773
>100tps

ahahaHAHA

YOU DONT EVEN HAVE THE TRAFFIC TO FILL UP 1MB BLOCKS

NOBODY USES BCASH

>> No.9212570

>>9212038
it means that there is no current volume of transactions. From the looks of it there hasn't been any meaningful tx volume. So, all the green candles are manufactured by wash trading bots or tape painting trading bots. Not live humans supposedly investing in bcash to real bitcoin. If actual people thought that bcash was the real bitcoin, we would be able to see people tx that shit off of the exchanges and into their secure wallet apparatus. But, that is just not the case. bcash is full of hot air.

>> No.9212644
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9212644

>>9211624

>> No.9212671

lot of bcore con artist on biz trying to beat down the bch revolution - news flash - its not working go back to your bcore circle jerk

>> No.9212714

>>9212671
Whats bcore? Whats coin is that I cant find it on cmc honest question

>> No.9212738

>>9212671
I will be right here when bcash btfo

>> No.9212780

>>9212714

It is clear to anyone who knows the history and technology that Bitcoin BTC (Bcore) is inaccurately using the Bitcoin name and has forked to Segwit technology and is no longer bitcoin or even a cryptocurrency.

>> No.9212909
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9212909

>>9212714
Maybe bwit would be better shorthand for Bitcoin Segwit.

>> No.9212966

>>9212909
Actually bgwit might roll of the tongue better.

>> No.9213010

>>9210773
>we'll
Does being a paid pajeet scam spammer make you part of the bcash team?

>> No.9213078
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9213078

>>9212780
I can never guess with these people are they legitimately delusional or just memeing

>> No.9213128

st andrews master race reporting in

>> No.9213755

9 out of 10 'crypto enthusiasts' you write to on twitter are fake accounts.

Managed by a small group, they have a very specific agenda to disinform. This situation is unique to crypto in its extent

https://twitter.com/BTCNewsUpdates/status/991463168668065792

>> No.9213839
File: 576 KB, 1000x1000, 67634305_p0.jpg [View same] [iqdb] [saucenao] [google]
9213839

>bcash

>> No.9213962

>>9211302
this

>> No.9214114

Serious question. I still have some BCC from the fork. Should I sell now or do you think it will pump to 0.2?

>> No.9214184

>>9214114
You should just sell now, I don't want faggots like you on my chain.

>> No.9214227

>>9213962
Not everything on the blockchain will be currency transaction. After op codes are enabled you will be able to do more onchain, starting already with memo and few more.

>> No.9214323

If you remove the idiots tipping each other in memocash and the satoshidice spam, the BCASH TX per day would be near to 0

>> No.9214461

>>9211991
nobody is using Bcash you dumb fuck... and in the 5 minutes I watched it fees were in the 70 cent range... but who gives a fuck about the fees for digital gold... and who gives a shit about a bcash shitfork that nobody is using, as per the link.
>Btfo Cash

>> No.9214496
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9214496

>>9214461
>I watched it fees were in the 70 cent range
>70 cent
>good

Good goy!

>> No.9214511

>>9212037
>literally not the same
>pajeet or just stupid

>> No.9214548

>>9214496
>isn't making any sense
>posting reddit memes full of text
paid pajeet bcash shill... a bad one

>> No.9214581

>>9214548
>too retarded to understand I was quoting his own post and pointing out 70 cent fee is far too expensive and he's a cuck who loves to get buttfucked by core

>> No.9214594

>>9214511
>point miners at one chain or the other
>not the same miners

>> No.9214721

>>9214581
>reddit faggot who assumes too much
and since I'm not on welfare and don't mind 70 cent fee for moving $10,000 worth of digital gold around. but now that I know more about crypto I only buy litecoin, send to exchange and acquire cryptos that are going to have a chance at the #1 spot (hint: nothing with bitcoin in the name).

>> No.9214760

>>9214594
>still doesn't know what the fuck he's talking about
>has no concept of what the word literally means
>triples down on being a mongloid

>> No.9214819
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9214819

>>9214721
>but now that I know more about crypto I only buy litecoin

>>9214760
>I-its not that s-same miners
https://fork.lol/

I suppose hashrate has the ability to go back and forth via socialist magic, you communist anti-competition Corecucks rave on about.

Fucking end your pathetic life and take your "digital gold" meme with you, top fucking lul.

>> No.9214861

>>9211624
why is bcash volume so terrible?

>> No.9214892
File: 164 KB, 910x370, Screen Shot 2018-05-02 at 4.15.39 PM.png [View same] [iqdb] [saucenao] [google]
9214892

>>9214721
If i had to do all that I would choke on taxes and fees for every transaction. Once bcash takes over most alt coins won't be need as everything will be done on the bch chain, just as planned>>9214721

>> No.9214922
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9214922

>>9214861

Why are corecucks afraid of Bitcoin Cash? I bet they don't call Bitcoin Diamond Bdiamond? Roflmao this will only end one way, Bitcoin Cash as the number 1 currency.

When Bitcoin Cash becomes number 1 I'm going to fucking be wiping away tears of laugher remembering all those corecucks posting about their 'free money' while I was busy buying up their real Bitcoin for $300 a pop

>> No.9214938

>>9214819
>I suppose hashrate has the ability to go back and forth via socialist magic, you communist anti-competition Corecucks rave on about.
>Fucking end your pathetic life and take your "digital gold" meme with you, top fucking lul.
nice work there dumbass. litecoin for transferring to an exchange and acquiring a good altcoin is as good as it gets. when you call people corecuck who hold no bitcoin you make cashies look like braindead pajeets.
>nice work

>> No.9214949
File: 305 KB, 2454x1492, Screen Shot 2018-05-02 at 5.53.25 PM.png [View same] [iqdb] [saucenao] [google]
9214949

just checked hash rate and at almost 25% with higher DARI rewards too.

>> No.9214956

>>9214892
>every transaction
>digital gold
>every transaction
cashies don't get it, there is no hope for them

>> No.9214991

>>9214938
>quotes without any refutation except some ramblings about muh litecoin
>both praises bitcoin as "digital gold", but does everything in his power to avoid being called a corecuck so goes off about his litecoin
>expresses that litecoin is de best and possibly his largest position

oh no no no no no

HHAHAHAHAHAHAHAHAHHHAHAHHAHAA

>> No.9214993

Bitcoin trash isn't bitcoin

>> No.9215003

>>9214922
bcash will be somewhere, but never at #1. there is no reason to think it would. ADA, ETH, EOS... one of those or each at different times will hold the #1 spot. but bcash at #1, that's just a cashie marketing delusion.

>> No.9215049

>>9214991
you do not know how to read, I think you must be a pajeet. I literally wrote that I buy litecoin to transfer to an exchange and then acquire... wait for it... ALT coins that do not have bitcoin in the name. at this point the only conclusion is that you are a paid pajeet bcash troll. so pathetic.

>> No.9215052
File: 809 KB, 1440x964, Bitcoin_(BCH).png [View same] [iqdb] [saucenao] [google]
9215052

>>9214922

I made this for you.

>> No.9215104

>>9215049
>but now that I know more about crypto I only buy litecoin
>I-I don't r-really like litecoin e-ether!
>bitcoin i-is great, I don't mind the high f-fees at all lol
>I'm so rich

The gymnastics in this one is strong as fuck!

>> No.9215148

>>9215104
again, you have no reading comprehension ability... re-read >>9214721
>but now that I know more about crypto I only buy litecoin, send to exchange and acquire cryptos that are going to have a chance at the #1 spot (hint: nothing with bitcoin in the name).
how small is your brain?

>> No.9215178

>>9215148
>bitcoin is great guise like totally who cares about the fees and wait times for using it
>no I don't think store of value requires a use case, it just is!

>> No.9215209

>>9211695
>decentralized development is good

>> No.9215225

>>9215178
>the absolute state of a bcash shill
not a good look for bcash

>> No.9215251

>>9215003
On May 7, 2018, officials from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) will gather as part of a working group to discuss the regulatory classification of Ether and other cryptocurrencies.

>> No.9215269

>>9215003

Why are corecucks so deluded? Bitcoin Cash will inevitably swallow the entire crypto market by November

>> No.9215289

>>9215225
I can't hear you over the growing hashrate of BCH, that according to you breaks the laws of physics.

>> No.9215308

>>9215251
looking forward to it

>> No.9215309

I got 46 bch, how rich will i be in exactly one year?

>> No.9215322

>>9215309

Richer than a corecuck with 46 Bcore imo

>> No.9215402

>>9210773
Can't find this Bitcoin (BCH) you're talking about... Do you mean BCash (BCH)?
kek

>> No.9215430

>>9210773
are we just naming whatever shitcoin we want Bitcoin now?

Guys it's hilarious that there are people that don't believe Bitcoin (LINK) actually rebranded lmao. How funny is that

>> No.9215460
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9215460

>>9215402
>>9215430

kek

Keep ignoring the real Bitcoin until it's highly valued, this is why you are poor. Stop swallowing kike propaganda from /r/bitcoin and Blockstream.

>> No.9215547

>>9215460
All these random assumptions. Not everyone is a sheep and echoes what reddit says, people can have their own opinion, you know.

>> No.9215561

>>9215547
Not talking about everybody, talking about you.

>> No.9215568
File: 1.46 MB, 329x274, BRAAAP.gif [View same] [iqdb] [saucenao] [google]
9215568

Bcash is prepping for a giant bull run. Adoption, tech, news - All signalling long.

You'd have to be a fucking idiot to hang on to bitcoin despite it's total lack of interesting ideas

>> No.9215722

>The Cashie is immunized against all dangers.

>One may call him a scoundrel, parasite, swindler, profiteer, it all runs of him like water off a raincoat. But say "bcash" and you will be astonished at how he recoils, how injured he is, how he suddenly shrinks back: 'I've been found out.'"

>> No.9215753

>>9211393
>>9211737
>>9211991
>>9212037
>>9212909
>>9212966
>>9214184
>>9214496
>>9214581
>>9214594
>>9214819
>>9214991
>>9215104
>>9215178
>>9215289
>>9215561
this slow decent into madness hahahhaha

>> No.9215840
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9215840

That doesnt matter because nobody use bcash lol

>> No.9215904

>>9214323
>if you remove all valid transactions, the amount of transactions will be zero

BCH BTFO

How will BCH ever recover

>> No.9215915

>>9215904
Anon, these are the same guys who think spam exists.

>> No.9215935

>>9210773
Bcash dump inbound

>> No.9216074

>>9215935

Oh shit it's dumping in reverse

Corecucks BTFO

>> No.9216116

>>9215935
wrong - asian market just getting started

>> No.9216129

>>9211697
The absolute STATE of fellow bongs

>> No.9216342
File: 161 KB, 500x522, once-again-honey-your-shit-just-doesnt-add-up-12199703.png [View same] [iqdb] [saucenao] [google]
9216342

>>9212038
Haha! The things people will do and say for two satoshis, the depths they're prepared to visit, the simple human dignity they're prepared to jettison

>> No.9216362

>>9211624
>https://txhighway.com/
wtf is bcash broken?

>> No.9216662

>>9216362
>https://txhighway.com/

I just saw a 1 million dollar TX go . holy shit

>> No.9216774

Core going down while were going up - gotta luv it

>> No.9216793

There's no transaction backlog so bigger blocks doesn't do anything... BCash does less transactions than DOGE.

>> No.9216869

>>9211624
Holy shit there are a LOT of massive BCH TXS going through like 1M plus and the price is PUMPING

>> No.9216925

>>9216793

are all corecucks this deluded - bcash is the new bitcoin - while your playing internet trolls all day we have been building the new economy

>> No.9217242

>>9216925
I'm not actually for Bitcoin Core or Bitcoin Cash. I'm 100% just for Ethereum. This bitcoin internal war that's going on is pushing everyone our way. So thanks for that, can't wait to see the flippening this year. Whoever wins out between Core and Cash I couldn't give a shit, you're dragging each other into the fiery depths of irrelevancy.

>> No.9217328
File: 3 KB, 225x225, fees.png [View same] [iqdb] [saucenao] [google]
9217328

>>9211624
Must be a lot of people using Jaxx wallet and similar. For some fucked up reason Jaxx uses an estimated fee of $3 (BCH 0.002). No way to override it either.