Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
The masses decide what 'Bitcoin' is by the adoption and usage exactly how they decide what their search engine or web browser is.
With SW as a SF BTC is a fork as well and it might be the NetscapeAltavista for the masses.
With SW as a SF BTC is a fork as well and it might be the NetscapeAltavista for the masses.
It still follows the same chain though is didn't fork off you decide it is not forced on you if you don't trust or want to use segwit then you don't have to you decide by the type of address you use
If you carry on using legacy addresses then you are using the exact same Bitcoin as you were several years ago nothing changed in that respect the data is still stored in the block in the exact same way as before.
The only time the data structure changes is when you use a segwit enabled address which in laymens terms just moves the signature data from the transaction field to a separate merkle tree that's pretty much it
As for ltc, did they need a segwit malleability fix aswell in order to use LN?
The system that was in place was for miners to signal when they was ready in order to activate a improvement this was not a issue when Bitcoin was early and spread out but since asics and large pools becoming the norm it was getting abused as any miner with over 10% could stop something even if 90% agreed
UASF was just that users running a node that activated segwit without the miners so they had 2 choices come along or signal ready and activate which they did
And yes litecoin needed a malleability fix and chose segwit for LN
The nodes activated a uahf, why do i say this....because a HF isnt forced on you...."follows the same chain though is didn't fork off you decide it is not forced on you" tek
yea i thought litecoin may have had TM issues, was unsure on what cobbles had changed back in the day when making ltc....TM wasn't one of them anyways lol.
Why would litecoin have TM issues anyone can use segwit every Bitcoin fork now automatically has segwit code and litecoin didn't need lightning it wanted it to remain relevant
LN makes commerce simple I purchased some steam vouchers the other day from bitrefill took me about 20 seconds from clicking buy to getting the code email and activating it
Why would litecoin have TM issues .................. "And yes litecoin needed a malleability fix" your comment above.
anyone can use segwit every Bitcoin fork now automatically has segwit code .....yes it does , thats why bch is special like og btc, the only version that is segwit free (pleeeease dont start that clashit stuff lol)
litecoin didn't need lightning it wanted it to remain relevant ...id say ltc and blockstream took over and killed of btc the way it was meant to be but stole the ticker.
anyways forget ltc.
Back to this uasf/uahf, ...so you agree it was an uahf activated by useless ,free to create nodes.
Segwit it nothing more than a malleability fix yes it now allows for larger blocks but that was just a side effect
One of the proposed malleability fixes for BCH is very much segwit-like
Segwit moves the signature out of the transaction area into a separate merkle root that allows for backwards compatibility
BCH's proposed fix moves the signature from the transaction area just the same as segwit but simply moves it to the end instead of to a separate merkle tree but this means it must HF and nobody gets to choose it's forced
It pretends to be a sf but really its a hf.
Whenever bch makes any major future changes, it will be the miners that choose what happens, not free to create nodes that were used to hijack btc.
Something we agree on the miners will decide major changes the same miners that pushed for the fork do you see a issue here
The miners are just employed to secure the network and are the tiniest percentage <1% of all users so why should they decide what everyone should be forced to accept
Going back to supply inflation just say BCH takes on a stupid infinite block reward subsidy and abolishes all fees somthing like 10 BCH forever per block.
Obviously you won't agree same as all other users that have value and does not want it diluting with such high inflation but the miners would be a dream come true they will hold so much wealth so why wouldn't they pass it.
The whole premise of crypto currency is to take back financial freedom and not to be just slaves to the current banking system and allowing the miners to control the code and changes is just the same you are just giving them total control instead of banks
Its not like the nodes that vote have to hold a minimum amount of btc (thats how it should be done)
I understand the whole premise of crypto, and taking back financial freedom and not being slaves to bankers system, this is why i support bch.
The nodes themselves don't vote the users do with our money
We create value as with UASF we gave it value therefore the miners not supporting segwit would be stuck on a worthless chain and were either forced to upgrade or go their own way on a minority chain hence BCH that is the minority chain one that they can control one that will never push something they won't agree with because they are the ones controlling the code so the users have to either knuckle down and just accept or fork off