Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling

Bitcoin Cash payments have just been rolled out to ALL BitPay merchants! what do you think about? Is this good information?

Yes. One more stone being laid in the foundation of Bitcoin Cash. Bullish.

I heard bit coin cash was created and funded by the bankers as a way to take bitcoin off the throne, so they can manipulate the market more.

they can only manipulate bitcoin oh so much compared to this bit coin cash, bit coin cash is the bankers bitcoin

I think its true because coinbase is banker owned and they helped pump bitcoin cash

they are now getting sued, and yes you do owe the pumped up bit coin cash price due to market manipluation at coinbase

you know the same coinbase that locked the market when bitcoin crashed and the prevented people from buying in cheap or cut their loses.... how quickly we forget dont we?

https://www.moneycontrol.com/news/business/cryptocurrency/lawsuit-filed-against-cryptocurrency-exchange-coinbase-over-bch-insider-trading-2522923.html

The largest cryptocurrency exchange in the US has been hit by a class action lawsuit over alleged insider trading during the launch of Bitcoin Cash(BCH) on its platforms.

The lawsuit filed with the US district court for the northern district of California on March 1 alleges that Coinbase customers lost millions as the exchange tipped off its employees and a few customers about the impending launch of bitcoin cash trading before the formal announcement. This allowed them to trade bitcoin cash earlier resulting in a sudden spike in its price, it further says.

Bankers will not like Bitcoin Cash as it is more difficult to be centralized as the block size is bigger and people can use the network more directly.

Actually a larger blocksize naturally makes it more centralised because full nodes become much more expensive to run so if the network does become big enough then only larger corporations and banks will be able to afford to run full nodes this puts the power in their hands

How does running a full node put more power in your hands? I run several full nodes, and I don't feel very powerful. In a POW coin the miners have to run full nodes, but I don't see the advantage of Joe average running one. Does it really help secure the network?

Absolutely correct, and the help is too few to even be noticed. Only big players with some decent skin in the game will run full nodes, also because they will do proper risk management.

If some idiots try to derail average Joe to spend their little money to hardware companies, they are against Bitcoin and only troll up.

Next to miners also some bigger corps like exchanges and stores might want to ensure their client's TX are really broadcasted and are getting mined for their interest. Average Joes are happy and will profit from all that without any hardware costs (these are shared since mearchants will include these in their consumer pricing).