/biz/ - Business & Finance

>being attacked?

Define attack and spam, please. How would you prevent a state actor from spamming your network for basically nothing.

>>9026109
Wow it's so cheap it's like no one is using Bitcoin, right? r-right????
>lmao

>>9026109

>People sending bitcoin over the network is an attack

I think we've hit peak stupidity

>>9026126
Bitcoin Cash is susceptible to the exact same attacks as Bitcoin Core. It just requires an attack of a larger magnitude to inflate fees on Cash.

I support bigger blocks. However, Roger Ver is an autistic manchild and any project he's involved in is automatically shit.

>>9026156
Bitcoin Core said Bitcoin is only for long term value storage. If you are using it for transactions you are going against the vision of bitcoin and are a terrorist attacker. I cant wait for Core to remove the ability to make transactions on-chain to solve this issue permanently.

>>9026170
>>9026178
The fuck is Bitcoin Core

>>9026149
BCash handles about 20k transactions per day.

Bitcoin does about 200k.

>>9026126
same thing could happen to bitcoin cash

>>9026109
>Median network fee right now is about $.11, although you can get a TX through for about half $0.005
Are you sure that half a cent is 1/2 of 11 cents there bucko?

I agree that Bitcoin needs some non-lightning scaling solution. But it shouldn't come from Roger "angry aspie" Ver.

>>9026109
BTC network can't even handle spam. I dare you to try to attack BCH network.

>OP will never be able to do microtransactions

Feels good being a cashie.

>>9026279
no one cares enough to try

>>9026109
so passionate, so handsome

>>9026220
Bitcoin Cash is increasing the block size to make these attacks more expensive. It isn't censorship resistant if a hostile party can spam your network for practically nothing.

>>9026388
No you literally can't spam bch network to make any significant difference in network performance. Especially after next hardfork. Btc on the other hand...

Bitcoin is backed by pedophiles.

>>9026423
except for centralization because block sizes are so large

>>9026479
why not

>>9026676
remind me again what non mining nodes even do?

>>9026689
Because of 8mb(soon to be 32mb) blocksize. Why will big blocks lead to centralization? Pc's today will be able to run a node for over the next decade with 32mb blocks

>>9026109
buying coffee. thats it. this shit shouldn't be over $5. I mean seriously, who pays $1,100 for a cup of coffee?

>>9026700
wow. because if you don't and want to find out if a transaction went through, you have to go to blockchair.com or whatever website and trust what they say or that you're browser isn't compromised. in most cases that's fine, but if you're making an expensive transaction, like buying a house, running a full node is important and provides you with a trustworthy authoritative answer.

>>9026758
Deluded cashies won't be able to run their state of the art worldwide blockchain on a Raspberry Pi.

>tfw when transaction fees are more expensive than a non mining node.

>>9026109
but can bitcoin do that reliably? no. when you need it to work most the fees are high and the waits longer. no serious business will build for or utilize that.

>>9026829
Didn't you hear we popped the champagne!

>>9026791
>>9026791
Literally the only reason to run a no mining node is if you're a merchant who needs to confirm 0-conf which doesn't even exist on btc. If you're making large transactions like a house and dont wait for confirmation you're a fucking idiot.

>>9026896
what you're advocating is more centralization. you realize this, right?

>>9026896
Also I love that corecucks harp over being able to self verify transactions are getting settled on the blockchain with their meme nodes and their answer to scaling is to take all transactions off the fucking blockchain for IOUs managed by a 3rd party. Fucking kyss

>>9026923
>Visa level blocks today would still in bandwidth and storage would still make up less than 1% of miner overhead

MUH CENTRALIZATION

>>9026896
on the same note, anyone bashing 0-conf is probably a mastercard shill that takes 1-2 days to confirm a transaction at it's fastest.

>buy cofee
>check credit card balance using Icuck 10 minutes later
>$1.07 pending

>>9026758
no they can't. 32mb blocks would lead to a blockchain that is about 500gb in size per year. most common laptops/pcs have 500gb-1tb max right now. so, people would need to max out the hard drive capacity of their entire computer in order to run a full node? in other words, people wouldn't be able to do it. and this is only for 1 year of transactions. not to mention 32mb still doesn't even bring us close to the level of the level of transactions needed to bring us to where visa is at-- we would need something like 550mb blocks.

>>9027057
Even with 1gb blocks, storage is trivial. Looking at around 54TB a year. You can go to fucking Walmart and get 2TB drives for around 50 bucks. So storage for a miner is about $1350 a year. Absolute peanuts compared to the actual costs of a mining operation. That's if we went to 1gb TODAY.

>>9027136
i'm not talking about miners you mongoloid. i'm talking about normal users being able to run a node. also show me where you can get a 50gb drive please

*50tb

>>9026829
no serious business would use BCash either. neither coin is going to be the future of commerce and it is preposterous to suggest so. sorry cashie, but your shitcoin is surpassed by newer tech. perpare your teeth for a curbstomping as bcash gets flicked into the gutter... 3rd gen cryptos are coming on FAST. for bcash, too little too late.

>>9027242
Normal users dont need to run a node, they were never intended to. The only people who would run nodes are enthusiasts and merchants. Even then the only merchants that need to run nodes are the ones doing 0-conf, which as I said earlier doesn't exist on btc anymore. Instead you have rbf absolute fucking cancer.

Tell me, why do you think you need to run a node so badly?

>>9027136
no redundancy, and a system that can take 27 2tb drives
>for $1350 a year
you are a fucking computer illiterate dumb fuck

https://pbs.twimg.com/media/DRipU0UWAAEK22F.jpg
Muh decentralized btrash totally not controlled by chinks
Bitcoin nodes for reference:
https://pbs.twimg.com/media/DRiq0SuW4AA27yP.jpg

>>9027323
>merchants
>running nodes
what a fucking dumb fucks you cashies are

>>9027242
why would you want to run a node? are you mining?
Only miners and maybe a few non-profits will run nodes.

most people are jealous of Roger and his accomplishments, personal attacks are the bottom feeders

>>9027323
>>9027379

read the fucking thread
>>9026791

>>9027377
>is an actual retard

>>9027415
I can say the same to you, fuckboi!

>>9027439
genius response - pajeet tier. well done.

>>9026962

As much as I hate you cashies, for just being gigantic asshats and worshipping scum like Ver and Jihan - this is indeed a VERY good point.

There are coins out there that do what BTC does, 100 times better.

But BTC was the spark of crypto do it makes sense it still leads the charge.

BTRASH however, is slightly (arguably) better than BTC, tries to live from the hype of BTC because of its name, does nothing better that other forks like LTC, I could go on for a while.

The absolute only reason to side with Bcash is if you own some and need to shill and make it look like is isn't a dull copy

>>9027447
>>9027439
why are you guys so angry : (

>>9027472
as if that point has any implication whatsoever for bcash - one of worst alt coins in the top 20.

>>9027488
You're balls deep in Bitcoin. You aren't fooling anyone, Corecuck.

miner centralization

>>9027496
>trying to read emotion from text on 4chan
you are not going to make it

>>9027503
Says the faggot who falls for "3rd generation blockchainz" meme. Bitcoin (only cash now) is designed to be upgraded and can implement everything any alt can do.

>>9027506
everyone who shits on btrash is a "corecuck". THAT is how you know a cashie is triggered, mongloid tier responses like the "corecuck" meme.

>>9027506
I have no BTC nor BCash.
I don't believe in crypto as currencies, but rather like dApps.
And I used ETH to purchase those coins so..

>>9027547
dream on motherfucker. bcash with shit developers and pow can do anything and everything that all other crypto projects are currently developing. THAT is the top shelf stupidest fucking bcash meme ever invented by reddit. dumb as it gets. WOW

>>9027559
Absolutely
> The world is against us, corecucks
Sounds a lot like those chimps at XVG

>>9027594
>only cash developers can release projects on the blockchain or submit proposals

Just like how everything on eth is done by the eth develops, right?

>>9026109
https://www.youtube.com/watch?v=X06AHSUJEAE

>>9027596
there you go, doubling down on the stupid corecuck meme. you are either stupid, or terrified of the world as it actually exists.

>>9026323
>fee 50% of the transaction

>>9027747
If you did that on BTC it would be 500%

>>9027672
>thinks the most toxic and despised community in crypto with one of the worst dev teams will implement everything that every other project in crypto is doing - and it will all be beecash. that is the bcash talking point as it has been spammed on biz for months. it is as deluded as it gets,

>>9027775
>non-argument made by a complete faggot

>>9027812
shining a light your scale of cashie marketing delusions is the best argument there is. rather than counter it you just delcare "non argument". why not just yell "corecuck" and delcare victory. lmao

nChain is whats behind BitCoin Cash and will replace Blockstream


https://youtu.be/pARIShaEqm0

>>9026791

doesn't an easily storable way to verify txs already exist as an SPV node? why does everyone need a full node?

>>9026178
They're working on it. Vote 1 Luke-jr for a 300kb future. Bitcoin cash OG's will thank you for your help.

>>9026109
It's good for this. Fuck the international central banks and their blockstream dogs.

>>9027303
This faggotry is getting old. For people that think it, realise a blockchain is a massive distributed computer, the security of which is dictated by the hash power and energy dedicated to the chain, also realise that sha256 hash power outweighs everything else by an order of magnitude, these flashy "third generation cryptocurrencies" you naive kids are so taken with I could personally 51 percent attack with my 500kW mining operation and the dabbling investments I've made in non-sha256 hardware.
All other chains are basically toys by comparison. It's a fight to the death between BTC and BCH and that's all there is to it. Get it through your heads.

Bcash and that child-fucker Ver will unironically kill of all Crypto. I wouldn't actually be surprised if Ver's is to de-stabilize and make people view cryptocurrencies as scams. Here's a red pill for you.

When you create a fork, that everyone agrees on that has value. You essentially create value from scratch. That is equal to a central bank printing new money, or a a company deciding to do a stock-split. However in those 2 cases, the total value remains stagnant. When a $100 stock is split into 2, the 2 counter-parts are worth $50 each. And when the central bank of a country (eg Zimbabwe) prints a few quintillion dollars, you end up with a loaf of bread costing 1 billion Zimbabwe dollars.

This is what happens when you fork a coin - but without the correction. The new valuation now is original coin + fork coin. It is essentially now an inflated bubble that at a given point will self-correct. The correct thing to do, would be that for every cent that bcash goes up, bitcoin fork goes down - and vice versa.

Forks where originally meant only to be used to undo catastrophic events. EG mtgox would be a good candidate to fork and switch back to a previous blockchain state (even though it didn't happen). By creating a new bitcoin and marketing it as the "true" bitcoin, but also having the bitcoin core people clutch into power you essentially destabilize and impact crypto's already miniscule credibility.

That is the reason why the IMF (international monetary fund) pushes strongly for crypto regulation.
Ver is a scam artist who so far has only caused harm and should be kicked out of the crypto world. As long as he's out there /biz is in grave danger.

>>9028527
> The correct thing to do, would be that for every cent that bitcoin cash goes up, bitcoin fork goes down - and vice versa.
If you don't think that's what's going to happen you haven't been paying attention. Cash is going to kill core, it's just a matter of time.

Buy Bitcoin Candy the first Son of a BCH

>>9028568

That's fine. One of the two needs to go away, they can't coexist. Either Ver needs to lose all influence, or the Core people need to lose their value. One of two.

>>9028288
>reminder someone is still paying people to shill BCH and post cringy normie-tier OC

>>9026109
this guy is crazy

>>9028632
>its afraid

>>9028631
I agree. Core deserves to be destroyed. There is no room for both.

hey this is entertaining

>>9028568
If bcash somehow kills bitcoin then its over for bcash too. bcash devs cant compete with anyone and the coin will tank from lost faith. Only Jihan has any brains on the bcash team, and you know who controls him.

>what is bch good for?

epic moon mission

>>9026178

>>9026423
But fees are cheaper when the blocks are empty regardless of block size. This would only start being useful at ridiculously large block sizes, which would severely damage the profitability of fees during normal usage and make the chain die after block rewards do.

There's nothing wrong with full blocks. It's nothing to get hysterical and demand forking over.

>>9028691
Yeah right. Best devs in the world bullshit, and they're keeping the total on chain throughput constrained to a fax machine, and loudly lobbying to cut it by more than two thirds, and the company that they spawned to directly capitalise on their idiotic incompetence is losing staff so far they canned their team page and sacked their shit tier CTO.
Focusing on the players in a properly inclusive permissionless field is like assuming Uber will win or lose based on the performance of particular individual drivers. There is actually great talent in the BCH field like Sechet and Rizun, as well as all the notables that abandoned core because of their toxic stench, but to focus on individuals is to miss the permissionless innovation that is the real rocket fuel for the space like joystream memo cash cointext and the dozens more that will arise because in this field unlike core, they actually can.

>>9028527
Except nobody considered BCash to be worth Bitcoin's value then or now. It's why it's spent most of its life below .1 BTC.
This is the dumbest fucking argument by someone who doesn't understand inflation or stock splitting at all, and I'm sick of fucking seeing it. It's no different than a shitcoin airdrop. It's not cloning value, it's speculation between competitors.

>>9028691
And when bitcoin kills bcore, what will actually happen is the war for that massively distributed world spanning blockchain will be over. And BCH will own all the hash power forevermore. And nobody will ever try to pull the shit that blockstream did, which resulted in their utter and well deserved annihilation.
Do not fuck with bitcoin. It fucks back. It will take your money invested in a sophisticated sabotage operation and just use it to increase stake in the real product, at the expense of the attackers and people dumb enough to be duped by them, resulting in a darwinian pressure to maintain the original desirable vision over time that people challenge at their own peril.