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RE: BitMEX dumped their BCH and credited all users!
I prefer BCH much more than BTC and I hope it will soon dethrone King Bitcoin as the principal crypto currency.
Over the weekend, I made 2 purchases, one with BTC and one with BCH. The Bitcoin transaction cost me $40.00+ in transaction fees and took 6 hours for confirmation. The BCH transaction cost me $0.03.
Enuff said.
Given enough time, BCH will have the same issue with blockk sizes filling up. Added to this, if you know how blockchains work well enough you will know that bigger block sizes lead to centralization with the people with the most powerful computer nodes having more control. BCH really did take the easier way out by increasing the block size. Look into segwit and segwit wallets, this should help you out with the transactions. Food for thought.
The hard coded block size limit is 32 MB in Bitcoin Cash. This may prove to be an issue at some point in the future - and exponential growth of the block chain may indeed become an issue. At the other hand, given enough time, there are lots of optimizations on the BCH roadmap reducing the implact of bigger blocks - and if Lightning really does prove to work out, there is no problem to roll it out on Bitcoin Cash, too.
what a pile of bullcrap.
https://www.reddit.com/r/Bitcoin/comments/6yofsq/blocksize_would_need_to_become_555_mb_in_size_for/
hahaha. Ignorance really is bliss. whatever makes you sleep at night my friend.
I am not even going to try to move my remaining BTC. I fear the last amounts of BTC that I have will become dust and will one day just be a way to get airdrops for new altcoins.
I wonder if these BCH lows are more sustainable being caused by real selling of BCH on to the market..
In general, if you have lots of "dust" in one wallet, it may be smart to try to consolidate it into one UTXO - that is, send everything in the wallet to yourself with the lowest possible fee.
If the wallet does not support transactions with artificially low transaction fees and RBF, it may be smart to export the wallet seed (or private keys) into a wallet supporting it, i.e. electrum. Try to send with 72 satoshi/byte in transaction fee - there is a non-zero chance that the transaction will go through during the weekend or the next.
You will not lose the "airdrop"-quality of bitcoins even if you have stuck unconfirmed transactions.
Yes, but fees are falling now. I think bitcoiners are more accepting of altcoins now. We can use the bitcoin blockchain for buying houses and new cars.
They Both as in, together eat away at central banking’s authority, right?
Cool, just checkin. 😉
The hard coded block size limit is 32 MB in Bitcoin Cash. This may prove to be an issue at some point in the future - and exponential growth of the block chain may indeed become an issue. At the other hand, given enough time, there are lots of optimizations on the BCH roadmap making the implact of bigger blocks - and if Lightning really does prove to work out, there is no problem to roll it out on Bitcoin Cash, too.
edit: sorry, this reply ended up on the wrong place in the thread. Will try to repost it.
Feel free to accidentally upvote me any time, looks just like a real one! Haha. Stop by, you might like what you see.
Right ✔