Bitcoin CASH
40 minutes until the hard fork.
Bitcoin CASH
Adrian Torres
Connor Torres
0 miners signal ABC.
its OVER. maybe i should buy?
Asher Sanders
BCH is a mess. Just give it up it’s sad
Isaac Stewart
It's not surprising, 8% tax was too much. I also hear it was too easy to spend the collected crypto, it basically just goes to some multi-signature address? If the security of that address is compromised then what?
I mean at a certain point you have to ask what the developers would even work on to earn that large cat. Look at BTC, it has remained unchanged throughout 95% of its existence and the main full client is basically 99% the same as it always have been.
BTC devs mainly worked on their sideproject, lightning network, which was a complete waste of time. Imagine BTC miners paying 8% for them to work on lightning a couple of weeks per year...
Tyler Reyes
Less than 15 minutes, where's the hype guys?
Anthony Young
How is lightning network a complete waste of time, I use it almost everyday.
Caleb Parker
kek thats funny. any website like coin.dance where we can watch the fork happen?
Chase Peterson
genuine question, for what?
Christopher Sanders
First of all they still haven't solved the routing problem as far as I know. The more people that use it the more it will break.
Second of all, bullshit.
I don't really know except for cash.coin.dance, there's probably something on /r/btc
Easton Adams
>where's the hype guys?
'hype' for a hardfork of a fork of bitcoin... fucking lmao. BCH is a fucking dead shitcoin that no-one cares about.
Justin Butler
k2s membership for porn piracy
steam games
pizza
vpn time
vps hosting
domain name
non-custodial exchanges like fixed float
bought some precious metals recently on bitgild
the list goes on...
Aiden Wood
Did you ever hear of Bitrefill ?
Brandon Cruz
also bitfinex uses it now so that's go I get my PNK when it dips
Isaac Jackson
Oh yeah bitrefill too, I use it for groceries to buy gift cards and shit.
Anthony Ramirez
Cool, didin't know those were mature use cases. Do you generally connect to a hub, do you run a watcher etc?
Lincoln White
still call bullshit. nobody uses lightning network and you certainly don't use it for all of those, lmfao
Joseph Scott
Nah, just use phoenix wallet all that shit with channels and hubs is all done under the hood. It's exactly the same as a normal bitcoin wallet now you just have a send and receive address everything is now handled by the software.
Dylan Price
6 blocks to go until the hard fork!
Jackson Barnes
lmao it's just dumped to 238 from 258 in a couple of minutes
Anthony Hill
where do you see it?
coin dance only shows 843/1000 for bch
Justin Turner
i'm looking at cash.coin.dance
Aiden Murphy
coinmarketcap.com
i see 242 right now.
fork still hasn't actually happened and a lot of exchanges have frozen bitcoin cash for a couple of days so it will probably dump the most later if it will dump.
Nicholas Cox
Yea people got their snapshot and dumped. I took extra demage to ensure my snapshot. The chinks better deliver.
Logan Garcia
Very nice, I will check out lighting again since it's been two years or so. There is talk of anonymous opening/closing of channels, do you have any idea how routing will work once that's implemented? It sounds like network topology would become privileged leading to some centralization risks.
Landon Jenkins
Wonder if something has gone wrong, it's been an hour since the last block.
Or if the occasional hour long wait between blocks just happened to happen now.
Oh wait, now a block was made just as I was about to submit.
Ayden Perry
beware, looking at it doesn't reveal how broken it is
Leo Torres
I think schnorr signatures soft fork is supposed to fix the anonymous channels and also add taproot. It's much easier to run a lightning node than a full node so it will be at least as decentralized as bitcoin nodes. I actually don't really care that much as I just want the cheap fees to buy shit I need as I live off crypto at the moment.
Alexander Mitchell
I don't think you understood the point about routing. If only big hubs know significant info about the topology, and they start sharing this only with one another, there's a very real censorship and centralization issue.
David Sullivan
>lightning network
>decentralized
you gotta be kidding me
Kevin Diaz
yeah looks like it froze
Alexander Ortiz
Like I said I don't really care that much I just want the low fees. If another L2 is better I'll switch to that.
Brandon Perez
BTC is full of nonbelievers so that doesn't surprise me.
Easton Sanders
>I don't really care that much I just want the low fees
Sad, but reality is that people are like this. Centralization will probably not affect you but in the long run it will really damage the value prop of bitcoin.
Bentley Rogers
It took a really long time for the block to show up at cash.coin.dance, is there a block propagation issue in BCH?
Carson Nelson
reddit.com
almost no activity, god damn what a nothingburger.
the abc chain must have died as soon as it was born, i'd be surprised if any market will support it.
Nathaniel Fisher
>First of all they still haven't solved the routing problem as far as I know
the routing problem only exists on the mesh layout. craigs beloved mandala layout for example has zero problems routing lightning
Kayden Brooks
>I use it almost everyday
where? because my problem with lightning boils down to acceptance/support. which is almost nonexistent even on exchanges let alone online shops.
Gabriel Hill
there's no such issue as far as i know, i just think that site is either overloaded or something must have bugged out
lightning transactions works as such as when you send a payment a snapshot is taken of the network. then your client calculates the path and sends the payment on its way.
if it's only 1 or 2 users using the network everything is often fine. but the more that uses lightning the bigger chance it is that your payment arrives at a path which has run out of funding in the time since the snapshot was taken, and then the payment fails.
that is the routing problem and why lightning performs worse the more people that use it.
Eli Lewis
that's actually bullish for bch interesting.
Matthew Foster
>lightning transactions works as such as when you send a payment a snapshot is taken of the network. then your client calculates the path and sends the payment on its way.
you don't need to do that for it to work.
>the more that uses lightning the bigger chance it is that your payment arrives at a path
that's the key point if the path is short and predefined by convention and well funded (at an adopted state all these will be true) you have almost no chance you have to try a payment again sans someone having network issues.
Easton Richardson
The issues you mentioned really depend on network topology a lot.
Zachary Collins
also what will fundamentally change the lightning networks nature and this is the most important factor is multi-path taproot payment channels.
much less liquidity has to be locked up by the network much less number of channels can serve more throughput. and taproot allows for non-custodial shared liquidity pools. which means even big hubs can be somewhat decentralized in nature.
William Ross
indeed i have wrote a few network software in my life i been programming for 30 years. the mesh topology is a nightmare for routing as is and we are not even talking about stateful routing at the lowest network level.
but if you want a completely decentralized piece of software you have to deal with that. there are algorithms... they scale like shit.
any level of centralization or organization greatly reduces this problem set. and centralization on the lightning network for efficiency while it has a trustless smart contract exit to layer 1 is probably not an immediate concern.