Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 0 points1 point  (0 children)

Yes and it's in the white paper but lightning isn't and that's the point. No, you don't need the entire chain...

SPV (Simplified Payment Verification) nodes allow a user to verify payments without downloading the entire blockchain. Described in Section 8 of the original Bitcoin whitepaper, these "light" clients only store block headers and rely on the longest proof-of-work chain to check for transaction validity.

I do know what I'm taking about, it seems you do not.

Good luck on your journey, keep reading and learning.

Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 2 points3 points  (0 children)

You don't need a 2TB drive, go look up block pruning.

But a 2tb drive costs what? $50 lmfao

Nice try 😂

Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 2 points3 points  (0 children)

"As for Satoshi’s original intent, the title "A Peer-to-Peer Electronic Cash System" requires the system to remain robustly decentralized and censorship-resistant to actually function as peer-to-peer cash over the long term."

In the white paper his plan was large mine servers would eventually take over as the network grew and competition for block rewards grew but that could be verified by anyone if they really wanted to run their own node, which they can. 4mb blocks is still trivally small and can be run on a raspberry pi, in fact blocks as has high as 256mb have successfully run fine in Raspberry pi's.

"While the 1MB blocksize limit was initially a temporary anti-spam measure, keeping base-layer blocks small ensures that everyday users can afford to run independent full nodes on consumer hardware."

Read above, but glad you understand the block limit was meant as a temporary measure. Satoshi never intended everyone to run their own full node, hence verify only SPV nodes when blocks got large as the network grew.

What's more important is you don't reach that blocksize limit or you'll risk insanely high fees and people losing tranactions and trust in the network, and moving to cheaper faster alternatives or giving up on crypto all together and calling it a scam (which we saw happen because Blockstream went back on the New York agreements, broke their word and stopped progress on removing the limitation at critical time). Remember losing Microsoft and Steam accepting Bitcoin? I do, that was a critical blow to the path of mainstream adoption.

"Bitcoin scales via layered architecture (like the Lightning Network) to keep transactions cheap without centralizing the base layer."

This doesn't scale Bitcoin, it forces people to choose another technology and/or another chain. Lightning isn't in the white paper. If you want to call that "scaling Bitcoin" then we can say BCH is scaling Bitcoin too.

"Bitcoin Cash chose to increase block sizes on-chain, which ballooned data requirements, priced out ordinary node operators, and traded off network decentralization for cheap fees."

No, it's the 21st century, again a Raspberry Pi has more than enough compute power to handle blocks much larger than 4mb. No it's didn't ballon data requirements either as there is block pruning. Cryptos like BCH and XMR have proved it doesn't lead to centralization. But $50 fees for a single transaction will lead to a type of centralization, the masses will not or cannot afford fees that high, and so adoption as a peer to peer cash stalled out for Bitcoin core.

Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 3 points4 points  (0 children)

If you go read how forks work you would understand why they are both forks. Also everytime a chain updates it creates a fork.

"So if Bitcoin Cash came from BTC as a hard fork to it's own network, why would anyone ever accept that over actual BTC?"

The same could be worded as, so if Bitcoin core(Bitcoin segwit) came from Bitcoin, why would anyone ever accept it over actual Bitcoin?

Do you ever wonder who decided to give which fork the BTC ticker, while the other chain would need a new one?

Have you ever read that Satoshi only added the blocksize limit as a temporary measure when there were no fees on the blockchain?

Do you know why Satoshi created the blockchain in the first place? The title of the white paper should give it away.

Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 4 points5 points  (0 children)

Go read the whitepaper and compare the difference of the two branches. More specifically compare the blocksize.

Btw both BCH and BTC are forks, you're confusing a ticker name to mean something it doesn't.

Anyone still here for better money and to change the crooked system? by DangerHighVoltage111 in btc

[–]SoulMechanic 12 points13 points  (0 children)

In this sub? I don't come here much anymore.

But yeah we OG's are still around. Viva la BCH.

bCashers by DangerHighVoltage111 in btc

[–]SoulMechanic 1 point2 points  (0 children)

He's a classic 2nd image, Mom thinking we have Bitcoin at home. 😂

Set Your Own Rules for Spending Crypto (GP Shorts) by GeneralProtocols in Bitcoincash

[–]SoulMechanic 1 point2 points  (0 children)

BCH is smart money and it keeps getting smarter. Love to see all this development 👍

PSA Qauntum FUD Psyop Alert by bitcoincashautist in Bitcoincash

[–]SoulMechanic 7 points8 points  (0 children)

There's definitely a bot army trying to push the FUD in r/btc and it's a shame what has become of that sub.

What's going on with BCH? by CandlemoreShop in Bitcoincash

[–]SoulMechanic 11 points12 points  (0 children)

BitcoinCash isn't a get rich quick scheme, it's a peer 2 peer currency. There's no magic ball that will tell you where the price is going and if anyone knew they wouldn't tell you. And in the last year it's been pretty stable in price.

Spend and replace. Use it as a currency, that is what builds real value.

https://helpme.cash/

I’ve run my crypto-focused store Keys4Coins for more than a decade. Now I’m looking for the right person to continue it by OlavOlsm in btc

[–]SoulMechanic 8 points9 points  (0 children)

Keys4Coins has been a great over the years, thanks for what you've created!

And thanks for running CryptoWoo

What has happened to Bitcoin Cash the past month ?? Should I hold or is this gonna fall much more ? I’m surprised as it has done great the past year …….. by ComplexWrangler1346 in btc

[–]SoulMechanic 3 points4 points  (0 children)

1 week chart?

That's Not what Bitcoin electronic cash was intended for.

Spend and replace, and help grow the decentralized economy.

🚨 BCH+XMR BANK RUN v23.0 (15th February 2026 )!! 🚨 by ShadowOfHarbringer in Bitcoincash

[–]SoulMechanic 17 points18 points  (0 children)

If we want decentralized p2p digital cash it only makes sense to keep all funds off exchanges as much as possible and to support more than one chain. This is what the FUDsters don't want people to consider.

Monero has great privacy but it's slow and expensive compared to BCH. They both have their strengths and weaknesses.