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Well, the circulation limit/deflationary part is pretty key to that. How many dollars/yen/what-have-you are printed every year leaving your existing dollars/ye

by slindz 9y ago

Well, the circulation limit/deflationary part is pretty key to that. How many dollars/yen/what-have-you are printed every year leaving your existing dollars/yen/what-have-you with less buying power? Thinking the world will flock to a fixed pool of frictionless digital exchange does not seem insane to me. I'm talking about the ones you can transact for less than a penny (BCH), not the old guard (BTC).

matthewbauer 9y ago
But what makes you think BCH is the one? You might like my soon to be released coin Bitcoin Cash Cash. Fees will be 0!
- slindz 9y ago
  It's a collection of everybody who made Bitcoin great to begin with. Great community. I believe it's a bunch of doers and not talkers. Fees are less than a penny. System works great, like Bitcoin used to.
  - xur17 9y ago
    I'm curious, and I haven't found the answer yet - what's the scaling plan if Bitcoin Cash runs out of block room? Just keep increasing the size? Is there an upper limit before the chain increases in size too quickly to be sustainable?
    - slindz 9y ago
      It's the usual combination. Block size as much as makes sense, optimizations where possible, if lightning works (it won't) - use it. Gavin Andresen has published about his latest work 'Graphene' which shrinks block sizes dramatically. They'll take/use any good ideas so long as it doesn't cripple basic onchain functionality.
- stale2002 9y ago
  The reason is simple. Blocksize and fees are a tradeoff. 1 cent fees are a significant advantage over 20$ fees. But 0.0001 cent fees aren't really that much more useful for your coffee transactions. Sure, maybe someone will come up with another chain that is used for true micro transactions. But what we are saying is, that each of these fee levels are good for different use cases. Bitcoin's high fees and high security are great for a digital gold product that isn't traded much. Bitcoin Cash made a different tradeoff in the attempt to go after the daily spending market. Pros and cons.

by slindz 9y ago

matthewbauer 9y ago

But what makes you think BCH is the one? You might like my soon to be released coin Bitcoin Cash Cash. Fees will be 0!

slindz 9y ago
It's a collection of everybody who made Bitcoin great to begin with. Great community. I believe it's a bunch of doers and not talkers. Fees are less than a penny. System works great, like Bitcoin used to.
- xur17 9y ago
  I'm curious, and I haven't found the answer yet - what's the scaling plan if Bitcoin Cash runs out of block room? Just keep increasing the size? Is there an upper limit before the chain increases in size too quickly to be sustainable?
  - slindz 9y ago
    It's the usual combination. Block size as much as makes sense, optimizations where possible, if lightning works (it won't) - use it. Gavin Andresen has published about his latest work 'Graphene' which shrinks block sizes dramatically. They'll take/use any good ideas so long as it doesn't cripple basic onchain functionality.
stale2002 9y ago
The reason is simple. Blocksize and fees are a tradeoff. 1 cent fees are a significant advantage over 20$ fees. But 0.0001 cent fees aren't really that much more useful for your coffee transactions. Sure, maybe someone will come up with another chain that is used for true micro transactions. But what we are saying is, that each of these fee levels are good for different use cases. Bitcoin's high fees and high security are great for a digital gold product that isn't traded much. Bitcoin Cash made a different tradeoff in the attempt to go after the daily spending market. Pros and cons.