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> the userbase that bcash has The number of transactions on the bcash blockchain gives a different impression of the 'user base'. If you want a faster blockc

> the userbase that bcash has The number of transactions on the bcash blockchain gives a different impression of the 'user base'. If you want a faster blockchain with a larger user base, use litecoin. It isn't as secure as bitcoin, because it isn't as decentralized as bitcoin, but at least you don't have all of your purchases recorded (who you are, what you buy, who you buy it from, when you buy it, etc.) by the chinese government. Oh, and you don't have to worry about the chinese government blacklisting your wallet so that they can never be spent either.

michaelmrose 9y ago
Can you please explicate the means by which the chinese government could effectively trap your cash in your wallet. Couldn't you give money to any number of intermediaries?
- Frogolocalypse 9y ago
  It can be trivially done by the existing miners not committing transactions to the blockchain that they control. Because a single company, bitmain, controls more than 50% of the hashing power of bcash, they would only build on blocks that don't contain transactions from their blacklist. That is what bcash is right now. A captured blockchain. You transact on it at the sufferance of the chinese government. If you think they won't exert that power, if they think it suits their interests, I'm not sure understanding this will convince you.
  - sireat 9y ago
    How does bitmain control over 50% of Bitcoin cash? https://cash.coin.dance/blocks/today https://cash.coin.dance/blocks/today Doesn't look like any pool is dominating unless Bitmain controls many smaller pools. However, I'd argue that any domination is a side effect of Bitmain being the 1000pound gorilla in BTC to start with. THeir BTC pool is at 20%. (there are a LOT of people unhappy with Bitmain's business practices). I mean there is no cost effective hash/kw alternative to Bitmain S9s. The scary thing is that my friends and colleagues are buying S9s because no real alternative exists if you want to mine BTC(and I suppose Bitcoin Cash too)
  - ericb 9y ago
    More than 50% of the hashpower for bitcoin core is in China, so it is just as vulnerable!

michaelmrose 9y ago

Can you please explicate the means by which the chinese government could effectively trap your cash in your wallet. Couldn't you give money to any number of intermediaries?

Frogolocalypse 9y ago
It can be trivially done by the existing miners not committing transactions to the blockchain that they control. Because a single company, bitmain, controls more than 50% of the hashing power of bcash, they would only build on blocks that don't contain transactions from their blacklist. That is what bcash is right now. A captured blockchain. You transact on it at the sufferance of the chinese government. If you think they won't exert that power, if they think it suits their interests, I'm not sure understanding this will convince you.
- sireat 9y ago
  How does bitmain control over 50% of Bitcoin cash? https://cash.coin.dance/blocks/today https://cash.coin.dance/blocks/today Doesn't look like any pool is dominating unless Bitmain controls many smaller pools. However, I'd argue that any domination is a side effect of Bitmain being the 1000pound gorilla in BTC to start with. THeir BTC pool is at 20%. (there are a LOT of people unhappy with Bitmain's business practices). I mean there is no cost effective hash/kw alternative to Bitmain S9s. The scary thing is that my friends and colleagues are buying S9s because no real alternative exists if you want to mine BTC(and I suppose Bitcoin Cash too)
- ericb 9y ago
  More than 50% of the hashpower for bitcoin core is in China, so it is just as vulnerable!