Because the technology is new, miners are scared that their blocks will be orphaned which will cost them. They moved gradually to 8mb the previous stress test. Will move gradually up.
I'm curious when the first 32 MB block will be mined.
SatoshiDice.com was once the most popular application in all of crypto, now that we are back on track with Bitcoin Cash, give us a try again. http://satoshidice.com
This party should never end. People should be tipping good content whenever they like something. Let’s spread the wealth especially when market is doing what it is doing.
2 more with BCH via #Cointext. We had a little session on using #BCH vs using it as a store of value. They understood the value of using vs hodl. And will be attending the #bchmeetup
Haha thanks, I already do follow him! I probably wasn't very awake when I posted that, I just used the verify feature in memo++ (thanks @modulus) so that it won't happen again! 👍
I've done same thing before. Our fuck ups are forever stored on the blockchain 😂
Got another friend into BitcoinCash - he installed Bitcoin.com mobile wallet, then I gave him some BitcoinCash for his Birthday! - he thought it was fast!; he will probably go out spreading the word - hopefully ;).
Currently per day BCH handles ~15k tx, BTC does ~170k tx, we want to demonstrate to merchants, biz, investors & ourselves that BCH can handle millions of tx per day at minimum fee
To fill 32MBs at 1sat/byte fees, 0.32BCH will be needed. Isn't that pretty low? If we get 32 people to donate 0.01BCH (<$10) we can fill a block. Is my math correct?
The main aim of the stress test is not to fill a block (that's easy) but to process more than 5 million tx in 24 hours, thats more than 10x what any chain has ever seen in a day
The main aim of the stress test is not to fill a block (that's easy) but to process more than 5 million tx in 24 hours, thats more than 10x what any chain has ever seen in a day
correction, 10x the BTC chain, and roughly 4x what ETH has done in a day, but previously those both chains have failed at handling such numbers, we want to prove BCH doesnt fail.
I link the idea of setting up a fund to create sufficient transactions for the D-day. However remember that we need not only 1 blocks but rather 24(hrs) x 6 blocks or ~46 BCH