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7 years ago in #bitcoin by bitcoinflood (79)
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From what I can see here, 99% of the BCH blocks are under 500kb in size. So where does the need for 32mb blocks come from? Something I'm missing?
I think the BCH community misses a lot lol
Yes it really is a joke, upgrading 8 MB blocks that they are able to fill with 100 KB to 32 MB. Also, the op-codes are taken out BTC for a reason, good luck Bcash LOL.
Lightning Bitcoin is the new Bitcoin Cash!
https://steemit.com/bitcoin/@michiel/bitcoin-lightning-is-the-real-bitcoin-cash-bcash-is-slow-and-expensive
have fun running a node when/if the blocks become full least with lightning network your incentivised to run a node. Satoshi removed the OP-codes as they where deemed too risky
Handling 24,000 transactions per second like Visa with a big blocks solution would require 3.4 Gigabyte blocks transmitted over slow internet connections such as those behind China's firewall in much less than 10 minutes. See the problem? Plus, the blockchain would become so bloated and big only huge (centralized) companies would be able to do so in, easy to take down, datacenters. Bitcoin Cash is a dead end evolutionary path, the allucigenia sparsa of crypto...
I think BCH is just doing it to pump up their price as the trend has been to buy assets that are forking.
I can totally agree with that just to get some headlines again and capitalize on forking yet again. I always said they where a shady bunch they really are
Wonder if it is worth it to wait to get the coins and sell both. Or wait to bitcoincash increases before the fork and sell at a decent rate. Ended up with a tiny sliver of bitcoincash when bitcoin forked. Decisions, Decisions, Decisions. Thanks for the information in your post.
Roger Ver has come under a lot of criticism since the inception of BCH and this must be increasing on a near daily basis...
@bitcoinflood this is why you buy a car with good fuel economy. In times of low prices, it costs very little to operate (freeing up cash flow), and high fuel price periods are manageable.
Enter the Hummer crowd that pay a lot when fuel prices are low, and have to mortgage their house to pay for the high fuel prices just to get their kid to school. Moral: Just because you can, doesn't mean you should.
per second 60 transaction, its huge.
thanx for sharing with us dear
tnx for update.
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Very informative.Thank you very much for sharing with us.
interesting point of view ! will follow.
What do you guys think will be the coin that gets accepted for everyday transactions? Is there not space for both and room for both to grow ?
Would you hodl Bitcoin Cash after the fork or move into Steem! Not asking for advice just opinions.
Dogecoin has more transactions than Bcash, it is not a wise move to increase the block size at 32Mb.