Quote from: bathrobehero on August 03, 2017, 06:00:20 AM

Quote from: lurker10 on August 02, 2017, 05:44:57 PM

Quote from: PoorLad on August 02, 2017, 05:07:03 PM

My guess is BTC 3200$ and BCH 40$

Bitcoin Cash has just processed a block of 4.7MB without any issues.

We've been told many times by Core/Blockstream that anything above 1MB is dangerous.

Bitcoin Cash clearly shows it was a big lie.

Transactions with Bitcoin Cash cost a penny; transactions with Bitcoin/Segwit cost a dollar to send.

More people are going to use Bitcoin Cash because it's so much cheaper, followed by price, followed by hashrate

I really don't get why people don't get the simple fact that if transactions are super cheap than so is spammig 8 MB or even gigabyte blocks full therefore raising fees.

There has to be a transaction fee market and there's no way around that - which is fine.

8MB blocks might still be dangerous along with the rest of the changes BCH did but the issues might not get unveiled for a long time.

I get the spamming issue. Miners can stop including them in blocks, if the fee is too low, they do the work for the network. If you want a fee market, you pay a fee and get guarantees, spammers with zero or too low fees will be priced out by higher fee txs and rejected by miners.

Bitcoin Cash didn't make any changes but raise the blocksize and it removed dangerous Segwit changes. So it is much safer than Bitcoin/Segwit if more hashrate comes to mine it. With little hashrate is stays vulnerable to 51% attacks.

But I believe more hashrate will come to Bitcoin Cash in November when it is clear that Core/Blockstream has no intention to respect the 2MB blocksize increase of the Segwit2x agreement. Until then Bitcoin Cash will be vulnerable and must hang tight.

lurker10

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