@PJR Pretty sure you’re the loser here. Only SHEEP keep attacking Bitcoin cash and worship Bitcoin as some religion. Those type of people are always the losers who lose at the end because they follow the herd instead of using their brain. Sheep herds are always slaughtered by the wolves in any market. Remember that, kiddo.
PJ R
I’d ask you the same question. Did you create yours just to troll this channel and protect your btc portfolio? Don’t hate on bch just because noobs do it.
The problem isn’t storage. The problem is relaying transactions. We are limited by the speed of light how many transactions can be broadcast in an instant. Remember it is important that ALL nodes understand who has found a block and which transactions are included in the block before starting to mine the next block. If it takes too long to update the chain, then the miner who found the last block will have a time advantage on the next block
Luw7 If you think it’s about hard drive space you are completely wrong. It’s about how fast the blockchain grows and how impossible it will be for new nodes to come online in the distant future. Also you’ll need it all on SSD and not hard drive because of block latency problems, by the time a miner finds a new block it’ll take longer than 10 minutes to transmit to all the nodes on the network, etc. A lot of technical issues become more and more problematic, and you will never scale to hundreds of millions of txns that way anyway. A solution like lightning is the way to go, plus it’s instantaneous txns which is what’s practical at the Point of Sale.
None of the bcash people are thinking, just pumping.
1TB blocks means “that a rig costing 1.3M USD a year in amortized costs is sufficient to support terabyte blocks” – LOL This is not a decentralized system. A rig like that would need to be in a high-bandwidth backbone datacenter, which means the govt will come take it over, either take over its software or simply shut it down. bcashers have no clue. If you want a centralized database you don’t need blockchains.
What they don’t realize is there is more then one crypto. And when ‘They’ have finally destroyed BTC, we’ll have long since moved into another crypto, leaving them holding the bag.
Uhhh it already is and has been for a long time. LTC has Segshit therefore all the same problems as BTC. Its also run by the same economic retards/corrupted devs. BCH is the real Bitcoin. Better figure it out quick.
The_Sutton
I agree 1mb caps are bullshit and the core devs are economically incompetent, but BCH hasn’t figured the block cap either. We can’t just have 5 people decide when the cap gets increased every year
The cap will be removed completely soon. The free market will decide how big blocks get. Read the Whitepaper. Remember folks, this isn’t a figure it out as you go situation. It’s already been figured out by Satoshi in the Whitepaper.
The_Sutton
If there is no cap, then an adversarial miner can put an infinite amount of data in the blocks, essentially ddosing the system. There must be a cap of sorts. It can be TB’s, but there must be a cap
Oh ffs on chain scaling doesn’t work. Bcash is already obsolete, you just don’t know it. And no, there’s not some giant conspiracy to stop bitcoin – it’s a debate between on chain and off-chain. Off chain has won and bcash can go and do their pathetic little experiment with b-grade developers. Whatever, good luck to them.
Wow, thanks jeff, I finally realized that BTC has been a statist takeover because a new store of value assets does not threaten the dollar hegemony; but a form of p2p digital cash definitely does. Core was taken over by statist forces.
Anyone else reckon this current dip will bottom between 275b and 315b global market cap?
He got into eith at 3 dollars
Stephen Brennan $1
really well said
Rather have wall st shill Mike then Bcash shill Jeff. Another rubbish video keep it up
Bcash is the name of a node implementation of Bitcoin Cash noob.
@PJR Pretty sure you’re the loser here. Only SHEEP keep attacking Bitcoin cash and worship Bitcoin as some religion. Those type of people are always the losers who lose at the end because they follow the herd instead of using their brain. Sheep herds are always slaughtered by the wolves in any market. Remember that, kiddo.
Why? lmao.
PJ R
I’d ask you the same question. Did you create yours just to troll this channel and protect your btc portfolio? Don’t hate on bch just because noobs do it.
Awesome video. Lead the way Jeff
f the us
EF the central banks.
(((Novorats))) capitalizing on that Shekelcoin.
Not sure the hate is needed here. He’s helping EOS now.
it’s not hate, it’s the truth! Eos and Bch are the future, why not support them ?
Please stop shilling bcash Jeff. You cannot scale blockchain technology globally by simply increasing blocksize.
The problem isn’t storage. The problem is relaying transactions. We are limited by the speed of light how many transactions can be broadcast in an instant. Remember it is important that ALL nodes understand who has found a block and which transactions are included in the block before starting to mine the next block. If it takes too long to update the chain, then the miner who found the last block will have a time advantage on the next block
Yeah you can actually, especially once 5g is here and storage does not matter cause every year it gets less expensive.
http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html
Luw7 If you think it’s about hard drive space you are completely wrong. It’s about how fast the blockchain grows and how impossible it will be for new nodes to come online in the distant future. Also you’ll need it all on SSD and not hard drive because of block latency problems, by the time a miner finds a new block it’ll take longer than 10 minutes to transmit to all the nodes on the network, etc. A lot of technical issues become more and more problematic, and you will never scale to hundreds of millions of txns that way anyway. A solution like lightning is the way to go, plus it’s instantaneous txns which is what’s practical at the Point of Sale.
None of the bcash people are thinking, just pumping.
1TB blocks means “that a rig costing 1.3M USD a year in amortized costs is sufficient to support terabyte blocks” – LOL This is not a decentralized system. A rig like that would need to be in a high-bandwidth backbone datacenter, which means the govt will come take it over, either take over its software or simply shut it down. bcashers have no clue. If you want a centralized database you don’t need blockchains.
Kill all royals
I THINK YOU’LL LIKE THIS GUY https://twitter.com/count_bitmex_
Just a piece of advice Jeff, never invite Bix Weir as a speaker to Anarcopulco again, he is either a shill or an absolute imbecile.
TON 618 He is a freemasonic scammer and an imbecile, so both!
How do you know he is a freemason? Some say that about clif high too
TON 618 100% Agree….Bix and Cliff are pump and dumpers
It is pronounced Novo-Gradz the bubble god. And this video is pointless filler to keep the channel alive.
What they don’t realize is there is more then one crypto. And when ‘They’ have finally destroyed BTC, we’ll have long since moved into another crypto, leaving them holding the bag.
People who like BTC as a store, also like LTC as a cash.
It doesn’t have to be 1 coin for all functions.
Uhhh it already is and has been for a long time. LTC has Segshit therefore all the same problems as BTC. Its also run by the same economic retards/corrupted devs. BCH is the real Bitcoin. Better figure it out quick.
The_Sutton
I agree 1mb caps are bullshit and the core devs are economically incompetent, but BCH hasn’t figured the block cap either. We can’t just have 5 people decide when the cap gets increased every year
The cap will be removed completely soon. The free market will decide how big blocks get. Read the Whitepaper. Remember folks, this isn’t a figure it out as you go situation. It’s already been figured out by Satoshi in the Whitepaper.
The_Sutton
If there is no cap, then an adversarial miner can put an infinite amount of data in the blocks, essentially ddosing the system. There must be a cap of sorts. It can be TB’s, but there must be a cap
Oh ffs on chain scaling doesn’t work. Bcash is already obsolete, you just don’t know it. And no, there’s not some giant conspiracy to stop bitcoin – it’s a debate between on chain and off-chain. Off chain has won and bcash can go and do their pathetic little experiment with b-grade developers. Whatever, good luck to them.
he did invest in eth at 1 dollar. he is not late to the party lol
Still holding your centralized ver/bitmain bags do you?
Wow, thanks jeff, I finally realized that BTC has been a statist takeover because a new store of value assets does not threaten the dollar hegemony; but a form of p2p digital cash definitely does. Core was taken over by statist forces.
You need to learn what money is. https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
Just go Litecoin and be done with the drama
dcboogie Litecoin + Monero > Bitcoin
Love u man but Bcash is the real Bcash