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Congratulations, you made me come out of retirement purely to disagree with you. No chain more richly deserves death than BTC and BCH is one of the best chains

Congratulations, you made me come out of retirement purely to disagree with you. No chain more richly deserves death than BTC and BCH is one of the best chains in existence. I'm prepared to sign this message with a Bitcoin key from 2011 if you doubt the fact I've been active that long. It's the unfortunate and poorly informed post 2017 split BTC adherents who have no idea what's going on. I watched the entire thing unfold first hand and the BCH camp simply has it correct. The fact that the market is largely completely ignorant of this is one of the most glaring indications of just how irrational it presently is. Until BTC dies, the entire cryptosphere is little more than a joke. Witness the tone very technically proficient but not "in the cult" people like George Hotz have when they're discussing the block size debate; there's no doubt whatsoever that core is utterly wrong, to the point that any suggestion to the contrary is nothing more than a joke. Deep link to the exact part in a recent interview he addresses this https://youtu.be/_L3gNaAVjQ4?t=2635 https://youtu.be/_L3gNaAVjQ4?t=2635

swensel 5y ago
I would like to support BCH but everyone I talk to who supports Bitcoin Cash comes across as so divisive on this matter. BTC obviously has an important place in the crypto ecosystem. To discount the price growth of BTC and its importance in the overall awareness of crypto to the public seems short sighted. Price does matter. All of these coins can exist.
- etherael 5y ago
  They sound divisive on the matter because for over a decade now they've fruitlessly tried to explain the abject idiocy of backing a takeover attempt by a party whose business model is directly focused around constraining on chain capacity to a uselessly low rate, the lower the better, and the uselessly low rate this attack has managed to constrain it to is barely higher than the throughput of a fax machine. Let that sink in; it's 2021 and gigabit internet in developing countries is not that big a deal for context. Fax machines haven't been "fast" since I was a kid and my hair is white now. The situation is utterly absurd, and watching it unfold first hand over the last decade has been completely maddening. It is zero wonder at all that everybody subjected to that spectacle is not in good humour about having watched it transpire and the only way people can be surprised by that state is a lack of familiarity with the facts of the matter.
  - swensel 5y ago
    What about the arguments that I've heard that Bitcoin Cash / big blocks allow miners to make more money, and that could be why this whole discussion started in the first place? I understand the argument that Blockstream has some bias, but it seems like there may be bias on the BCH side as well. If that's not the case, could you explain that in more detail?
    - etherael 5y ago
      Is that actually an argument against something though? If change x allowed devs on the apple store to make more money, why would that be an inherent reason to oppose it, for example? All the arguments that I've heard focused around that angle of attack fail to address this issue; there's nothing wrong with miners making money, and in fact it's the design of the system that they should make money, that's how security is paid for. Even the originator of the BTC permanently limited to 1mb meme admits this and constantly uses it to push his own position by claiming that an artificially constrained chain is necessary in order for a "fee market" to develop so that security is directly compensated by usage, whilst ignoring that the original design was indeed to have it directly compensated by usage, but in volume rather than artificial scarcity provoking a "fee market". In terms of bias on the BCH side, you could argue that because of conditions after the split they've had to take some hits and make rough decisions in a rocky landscape, but even those I think you'd be hard pressed to really disagree with in light of what the options were at the time. When it comes to pre-fork though no; it's simply unequivocally the case that they were right all along. They were outright censored on the main forums from making the very simple points of both technical and historical fact in support of the position that the goal was always to scale on chain and the math works just fine for it, and even having actually executed that and pushed the BCH network to 256mb blocks on scalenet already, the cultists over on BTC just ignore this and pretend like their position has any more merit than it ever did, constructing progressively more idiotic justifications as time goes by and it becomes clear that their narrative of it being impossible to grow a chain faster than a fax machine is exactly what everybody who knew what the underlying numbers were knew it to be to begin with.
      - 5y ago

swensel 5y ago

I would like to support BCH but everyone I talk to who supports Bitcoin Cash comes across as so divisive on this matter. BTC obviously has an important place in the crypto ecosystem. To discount the price growth of BTC and its importance in the overall awareness of crypto to the public seems short sighted. Price does matter. All of these coins can exist.

etherael 5y ago
They sound divisive on the matter because for over a decade now they've fruitlessly tried to explain the abject idiocy of backing a takeover attempt by a party whose business model is directly focused around constraining on chain capacity to a uselessly low rate, the lower the better, and the uselessly low rate this attack has managed to constrain it to is barely higher than the throughput of a fax machine. Let that sink in; it's 2021 and gigabit internet in developing countries is not that big a deal for context. Fax machines haven't been "fast" since I was a kid and my hair is white now. The situation is utterly absurd, and watching it unfold first hand over the last decade has been completely maddening. It is zero wonder at all that everybody subjected to that spectacle is not in good humour about having watched it transpire and the only way people can be surprised by that state is a lack of familiarity with the facts of the matter.
- swensel 5y ago
  What about the arguments that I've heard that Bitcoin Cash / big blocks allow miners to make more money, and that could be why this whole discussion started in the first place? I understand the argument that Blockstream has some bias, but it seems like there may be bias on the BCH side as well. If that's not the case, could you explain that in more detail?
  - etherael 5y ago
    Is that actually an argument against something though? If change x allowed devs on the apple store to make more money, why would that be an inherent reason to oppose it, for example? All the arguments that I've heard focused around that angle of attack fail to address this issue; there's nothing wrong with miners making money, and in fact it's the design of the system that they should make money, that's how security is paid for. Even the originator of the BTC permanently limited to 1mb meme admits this and constantly uses it to push his own position by claiming that an artificially constrained chain is necessary in order for a "fee market" to develop so that security is directly compensated by usage, whilst ignoring that the original design was indeed to have it directly compensated by usage, but in volume rather than artificial scarcity provoking a "fee market". In terms of bias on the BCH side, you could argue that because of conditions after the split they've had to take some hits and make rough decisions in a rocky landscape, but even those I think you'd be hard pressed to really disagree with in light of what the options were at the time. When it comes to pre-fork though no; it's simply unequivocally the case that they were right all along. They were outright censored on the main forums from making the very simple points of both technical and historical fact in support of the position that the goal was always to scale on chain and the math works just fine for it, and even having actually executed that and pushed the BCH network to 256mb blocks on scalenet already, the cultists over on BTC just ignore this and pretend like their position has any more merit than it ever did, constructing progressively more idiotic justifications as time goes by and it becomes clear that their narrative of it being impossible to grow a chain faster than a fax machine is exactly what everybody who knew what the underlying numbers were knew it to be to begin with.
    - 5y ago