Australia's largest stock trading and investment forum Australia's #1 stock forum

Bitcoin Cash, page-4

First 4 Last

Share
Profile

Follow
Torbreck

12,635 Posts.

526

12/11/17

05:41

Post #: 28708418
Share

Originally posted by skypiliot ↑

The purpose of increasing the block size was to increase the speed .This was done at the expense of some decentralisation thus undermining the block chains diversified nature and doing what Satoshi Nakomoto was trying to stop( i.e. giving power to less entities and moving towards bitcoin cash being in a position that it can be manipulated by large stakeholders including government).
As a result of the increase in block size Bitcoin cash can do about 40 transactions a minute this compares with 24,000 a minute for mastercard and visa
http://blog.unibulmerchantservices.com/authorization-clearing-and-settlement-how-mastercard-works/

https://bitinfocharts.com/bitcoin cash/
This why the only way to compete with the current settlement system is to build a processing system on to of the bitcoin chain such as is proposed by lightning.
Increasing the block size results in the centralisation of the system . A centralisation of the system results in the subjection of the crypto to the trusted third party system. A return to the trusted third party system results in the control of the government and the banks . The control of the government and banks results in the continued theft of wealth from customers that Satoshi Nakomoto was trying to stop

Expand

Bitcoin Cash is more like the original bitcoin not less...It is more like Satoshi had visioned...
1 Upvote

Reply

Top Stories

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

RCE

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

There are more pages in this discussion • 9 more messages in this thread...

First 4 Last

Bitcoin Cash, page-4

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Featured News

Bitcoin Cash, page-4

Top Stories

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Featured News

Featured News