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Why do you keep using the large phrase "chinese government controlled crypto bcash" instead of just calling it bcash? Sincerely, someone that isn't involved in
by dylz 9y ago
Why do you keep using the large phrase "chinese government controlled crypto bcash" instead of just calling it bcash?
Sincerely, someone that isn't involved in all of this.
- Frogolocalypse 9y agoBecause bcash is overwhelmingly run by bitmain, a chinese company, at every point in its service delivery. The miners, the nodes, and now the payment processor are all one chinese company. It is also not surprising that they have specifically disabled the privacy improvement of segwit in their altcoin. So no atomic cross-chain swaps are possible either. It is a walled garden where they control all of the access.
- CryptoPunk 9y agoIt's not even called bcash. It's called Bitcoin Cash. The 1 MB maximalists call it bcash because they don't want it to carry Bitcoin's legacy in the public mind.
- ryebit 9y agoLabelling everyone who does that "1 MB maximalists" is a little extreme, and is probably why people are irritated with BCH's marketing tactics. To view your statement in a different light.. maybe people don't care for it trying to succeed based on another coin's name, rather than trying to stand on it's own merits. Bitcoin Gold (for all it's problems) doesn't try to insist it's the real Bitcoin. And 90% of the coins out there were confident enough in their tech to not prefix "Bitcoin" to their name.
- CryptoPunk 9y agoBitcoin Cash was a hard fork of Bitcoin to implement Bitcoin's original scaling plan, and original vision to be a "peer-to-peer electronic cash", and includes all account balances from before the hard fork. You may disagree that it's the real Bitcoin, but it's undoubtedly open to interpretation, and some of its advocates calling it that doesn't justify mislabeling it as bcash.
- Frogolocalypse 9y ago> and original vision Where in the original white-paper is the emergency difficulty adjustment? https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjust... > peer-to-peer If you don't run a node, or you can't run a node because of resource requirements, you're not a peer.
- CryptoPunk 9y agoThe specifics of the difficulty adjustment algorithm are not critical to the original vision, but way to deflect (from the original scaling plan) to a different point. >>If you don't run a node, or you can't run a node because of resource requirements, you're not a peer. We had this discussion before: https://news.ycombinator.com/item?id=15883911 https://news.ycombinator.com/item?id=15883911
- Frogolocalypse 9y ago> not critical to the original vision riiiiiiiiight.
- nicky0 9y agoActually the white paper does not specify the details of the algorithm anyway.
- pmorici 9y agoIt currently costs less to run a node per month than it does to do three transactions on the blockchain in the same period. Why would anyone care to run a node if the transactions aren't affordable.
- Frogolocalypse 9y agoIf the blocksize was increased to double its current resource requirements, where i live in Australia, it would be impossible to run a node at any price. And because the people who run nodes know this, they reject your proposals that reduce bitcoin network security.