Dont you like fast cheap transactions?
accumulated difficulty defines bitcoin
accumulated difficulty defines bitcoin
its in the whitepaper that we flaunt
we cannot pick and choose parts
and discard the parts we do not like
The winner decides on the name. Sorry!
I like BCH better than. BTC
I like spanners more than screwdrivers
I find that someone, real Theymos or not, created an account with that name and posted this topic absolutely hilarious.
white paper doesn't define accumulated PoW in the case of a chain split. the white paper references miners competing to extend the same chain, not separate chains.
1/ "The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by
2/ honest nodes, the honest chain will grow the fastest and outpace any competing chains." this refers to orphans chains. BCH and BTC are separate Bitcoin protocols
but, since both are Bitcoin, which one is more LIKE Bitcoin? Is it the one where its users don't think it works, or the one where users are making it work? You decide
The whitepaper talk about a P2P electronic Cash system which BTC is not. Case closed.
There is no “winner” in a traditional sense. Winners in competitions are designated at a specific time under specific conditions & are winner of that comp forever.
This is different in a market (which BTC and BCH compete in).
Title of bitcoin is up for grabs every sec. The title was not designated at the split. Title could be based on tx/sec, total work, market caps, whatever indivs choose.
These values are constantly changing, thus so what individuals choose to call bitcoin.
Bitcoin has become synonymous with crypto in the wider sphere. It's not which coin is bitcoin, it's which coin gets used. Coin usage is the single ... well "use case".
Agree, usage is king in my book.
I honestly don't think that the fees are high enough for BCH to survive the long haul. Once reward halving happens how are the fees going to be enough to pay the miners?
The total amount of fees will always be "Average Cost Per Transaction X Total Number of Transactions", so there are only two ways to increase block reward.
Either to have a small number of transactions per block with a high fee, or to have a larger amount of transactions with a lower fee, it is not possible to have both.
