Ivan on Tech video

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50 replies
  1. k bob
    k bob says:

    Does the blockchain have the info of when you owned BTC? I mean if I held my private key offline before the fork then move it to my coinbase account AFTER the fork, how do they know to reward my the equivalent BCH?

    Reply
  2. Ben Epstein
    Ben Epstein says:

    Could you do an update now on BCC now that Segwit has been canceled? Is the price jumping because of hype/lack of understanding in the tech? Nothing has changed in any underlying technology, and most BTC users didn't want 2x anyway. I don't really get why it's pumping beyond straight marketing. Thanks!

    Reply
  3. Robert
    Robert says:

    Today: "Around 9% of the network is mining Bitcoin Cash over the past 24 hours. However, it seems that number will only increase to as much as 20% in the next few days. An intriguing shift, yet miners only want to mine what is profitable. Right now, that choice clearly favors BCH." Quote NewsBTC.

    Reply
  4. Suzanne E
    Suzanne E says:

    Hi Ivan, received news today that bitcoin cash is now more profitable to mine than BTC. Why is that? Is it because of the size of 8mb blocks which speeds up transactions? Thanks

    Reply
  5. Kristof Verspille
    Kristof Verspille says:

    Could you give an SHORT update on your opinion now…
    Now that it's running already more then two weeks and at this moment there seems to be a lot of support.
    BTW you're video's are very interesting and I feel a good honesty in your story/way-of-thinking.

    Reply
  6. Kirill Pushkin
    Kirill Pushkin says:

    We will see, China can switch all the power to mine BCC. Do not overestimate the power of Jihan and Ver. They can pull the plug either way they want. Plus, Craig Wright also supports BCC, if I am not mistaken. To me, BCC is the real BTC!

    Reply
  7. k bob
    k bob says:

    So do you use the same private key on a bitcoin wallet and bitcoincash wallet? It'll transfer one without effecting the other? Can I use that number now to transfer Bitcoin and later use the same number for bitcoincash without risking my private key?

    Reply
  8. Learn LISK
    Learn LISK says:

    I spent like 8 hours watching every Wright and Ver and debate video i could find to understand "the why". The argument is "if you read the Bitcoin white paper, Bitcoin is described as a peer-to-peer currency NOT a settlement network". Thats the entire argument. Sidechains/Segwit/Etc make Bitcoin not the Bitcoin from the whitepaper. Segwit allows "middlemen" to insert themselves between you and me as peers (and take fees on top of the miner fees). It turns Bitcoin into Visa; a settlement network. I am not promoting Bitcoin Cash. I am just stating what I learned to be their argument against Segwit. I am a fan of sidechains in crpyto but not sure if I am a fan of sidechains on Bitcoin. Havent decided yet.

    Reply
  9. Y K
    Y K says:

    the more I think about it BCC is a good alternative I think they can coexist
    And u are engineer for a god sake why u think solution has to be difficult. That's ur argument not to find it interesting.

    Reply
  10. Jmmon
    Jmmon says:

    I think you misunderstand the argument. It's not that BCC people "don't like" SegWit; BCC people think SegWit hardly fixes scalability, could allow for theft of Bitcoins by allowing miners to approve unauthorized transactions, and was promoted on forums and subreddits using censorship rather than discussion. BCC people think instead of risking all this, use the scaling solution that has already worked in the past: increase the blocksize.

    Reply
  11. Robert
    Robert says:

    Excellent Video… your technical points are spot on and very well articulated. So….you asked so here is the counter argument for Bitcoin Cash. So if it does get tracking (Will talk about this later)… 95% of buyers of Bitcoin could care less about the block chain features and technical differences. Example: If you are a South Korean family and want to have a Plan B for Kim Jung Un's shenanigans, you want to move money to a safe country (Currently restricted for US dollars and other currencies) you need a solid store of value that can move around the world easily. Similar stories for India (They canceled all the large cash notes) and Venezuela (1000% inflation), China, Etc, Etc…. I really doubt these people care about transactional cost since there is very high costs and arbitrage on physical gold (Coins and Bars) but people still do it as a safe store of value to the tune of 7.5 trillion US dollars. These same people are buyers of Bitcoin.

    Now, how could it gain traction, I can see miners with a customer base who could care less about Segwit or mailability concerns being enticed to mine Bitcoin Cash if was more profitable than Bitcoin. These folks are not idealist they look at the bottom line. With a small group managing Bitcoin cash, they can make bold and agile decisions (like the Hard Fork just now) and make it more profitable to mine BCH changing in your words the "Constants". If that happens… watch out. The largest user based miner Genesis-mining does not even pick the types of mining they deploy, their users do and they will flock, as they do now, to the best value. Bank on it.

    So I agree with all your points on the technology but do understand that that may not be the deciding factor in adoption. The points above like mining profitability and store of value will be. Sadly, 95% of bitcoin buyers do not understand your arguments nor do they care. This is a pity since long term they matter a great deal.

    Respectfully,

    Reply
  12. Neocharm
    Neocharm says:

    Due to the time-pressure testing and acceptance-reviews are mostly the last jobs left to do (and skipped). Freeze period shorted to absolute minimum. This really brings along a lot of risks. It is like Ivan says. This is all about the future Control of the market so my next question would be "Who is really behind the Bitcoin Cash?".

    Reply
  13. Richard Todia
    Richard Todia says:

    #1 What is the matter with "easy"? #2 Why would anybody WANT off chain transactions? It will make for many more vulnerabilities and security issues with people's BTC, which will negatively affect the perception, which will scare people away from cryptos. Wait and see. Watch what will happen with off chain transactions. This will be vary damaging to THE biggest name in cryptos – could potentially RUIN the name brand "Bitcoin" and set the movement toward OUR OWN money back many, many years.

    Reply
  14. Luc Chase
    Luc Chase says:

    Having parrallel and equally valid networks running at the same time, might bring more price stability after a while and much more transaction bandwidth. We might even see lightning network being used the move between these forked coins with no fee.

    Reply
  15. Luc Chase
    Luc Chase says:

    Ivan, isn't a system like Lightning network perfect for walled garden type clubs such as interbank payments? e.g. to replace FIX, BACS, etc anonnymously to the general public (since only the end of period net goes on a blockchain). Isn't that going against the ad-hoc p2p spirit of Bitcoin?

    Reply
  16. Stephen Taylor
    Stephen Taylor says:

    Ivan – I see that Roger Ver says that BCC retains the peer-to-peer nature of crypto-currency as envisaged by Satoshi in his original paper, while Segwit and the Lightning Network does not. Could you please explain that to a non-techie like me and give your opinion?

    Reply

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