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submitted by /u/JonyRotten [link] [comments] |
source https://www.reddit.com/r/btc/comments/dsb89b/bitcoin_cash_captured_90_of_octobers_crypto/
Wednesday, 6 November 2019
Bitcoin Cash Captured 90% of October's Crypto Spending in Australia
source https://www.reddit.com/r/btc/comments/dsb89b/bitcoin_cash_captured_90_of_octobers_crypto/
What are the issues of having 512 MB block sizes if it means that BCH can process upwards of 2,000+ transactions per second?
I had done some research on how the block size of Bitcoin affects the scalability and number of transactions. I understand that at the current state of BCH (with a 32 MB block size), BCH can process about ~144 transactions per second (while VISA can process more than 2000 transactions per second). I was just wondering since increasing the block size was considered as the solution to Bitcoin's scalability problems, what would be the downsides of having a block size of 512 MB or more? On paper, BCH would be able to process ~2304 transactions per second, and compete with VISA.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dsbc1b/what_are_the_issues_of_having_512_mb_block_sizes/
Do I own BCH if I had BTC on Coinbase during fork?
I'm sorry for only being two years late to the party here, but is there any way to actually withdraw BCH if I had BTC on Coinbase during the fork?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dscug7/do_i_own_bch_if_i_had_btc_on_coinbase_during_fork/
Made my first btc-fiat exchange on a decentralized exchange and made a shocking discovery...
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TL;DR: Strg+f shocking I have known about Bisq for years. Always thinking "Ye, ye, it's nice that it exists. I'll give it a try some time". I hadn't traded bitcoin since my former go-to exchange decided to hand over user data to the police without a court order. The daily news about KYC, AML, and other 3rd party drama really made me lose interest in purchasing btc as well. So I coasted along on what ever bitcoin I owned, just making random purchases here and there. Along came the other day and I finally decided to install Bisq and trade some bitcoin again. Bisq connected to my full node and set everything up for me. I selected a trading offer, made a security deposit into a multisig wallet and waited for the fiat payment to be finalized. Fiat confirmation came within 24h and the trade was through. Just. Like. That. I can't put into words how liberating it felt to make that trade without a nosy, parasitic third party surveilling and meddling with my actions. At this moment I was euphoric. I was already dreaming about how all I needed to be fulfilled would be conf tx when I discovered a small caveat. There were about 20 open trades of which many originated from the same onion address. At first this lead me to believe that I was possibly one of maybe a dozen people making use of Bisq. But since making a purchase or selling BTC doesn't require every individual user to post an offer (after all I didn't create a buy/sell offer either) I duckduckgoed some Bisq usage stats. On CMC Bisq ranks so far down that it only marginally sets itself apart form the exchanges that boast a 0BTC 24h trading volume... And while Bisq itself paints a slightly better picture. It is still shocking to see how incredibly underutilized the software is. Reading all the regular Bitpay and 3rd party hate around here has obviously skewed my expectations. Even when considering that Bisq's design essentially precludes wash trading and other trade vol. inflating use cases... I simply expected more. As far as I can tell Bisq is the only truly decentralized exchange out there. Everything else listed on bitcoin.org under p2p exchanges is far from p2p considering it requires signing up, scanning IDs, trusting btc to 3rd party controlled escrow etc. Which makes me wonder: Am I missing some part of the puzzle? Isn't Bisq virtually the exchange method that squares most with Bitcoin's ethos of decentralization? If so, how come it appears to be such a fringe occurrence? [link] [comments] |
Here is how to calculate/estimate when BTC and BCH will half.
The code is that every 210 000 blocks there is halving.
You take the blockheight for BTC which is just how many blocks have been created since January 3 2009
(normal people start counting at block 1 but programmers will start at block 0 so keep that in mind)
You can find that number on https://blockchair.com/.
Right now it's 602 535.
Now we do 602 535 - 210 000 a couple of times until we have a number smaller then 210 000. So 392 535, and then we get 182 535 which is smaller then 210 000.
The difference between 210 000 and 182 535 is 27 465
This means BTC will half in 27 465 blocks.
27 465 divided by 6 gives us how many hours this is and if we divide that number by 24 we get days. So 27 465/6/24 = 190 days.
BCH is at block 607 788 which gives = 154 days.
If BTC hashrate would exponentially go up in the next 190 days the gap might get closed.
The perfect target if every block since genesis was exactly 10 minute apart is 4375 days past Genesis (We think Januari 3 2009). This gives up Dec 26, 2020
BTC is about 6 months ahead of target and BCH 7. This is about 6% faster than it's supposed to be.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dsb7el/here_is_how_to_calculateestimate_when_btc_and_bch/
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