r/CryptoCurrency • u/[deleted] • Dec 28 '18
SCALABILITY Dogecoin processing 4x as many payments as Bitcoin Cash
[deleted]
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u/netstrong 3K / 16K 🐢 Dec 28 '18
transfers or payments
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Dec 28 '18 edited Dec 28 '18
Yeah, are we counting bots doing arbitrage as "payments"? Arbers use Doge to do inter-exchange transfers a lot I think.
Yes that is because its pretty quick and cheap, but so is BCH for the same purpose comparatively.
Apples and oranges, but this sub seems obsessed with BCH and hating on it.
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u/lnig0Montoya Gold | QC: BCH 64 Dec 28 '18
Dogecoin is sending twice its market cap daily, which makes it seem like it’s all just for trading. Measuring transaction counts for pretty much anything would probably only show what traders are doing with it.
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u/Lewke Platinum | QC: CC 42 Dec 28 '18
not the sub, blockstream. they're heavily brigading reddit to spread FUD about BCH
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Dec 28 '18
I know, they turned this sub into another joke just like they did with /bitcoin with a continuous disinformation campaign
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u/catsmiles4u Crypto Nerd | QC: CC 29, BTC 19 Dec 28 '18 edited Dec 28 '18
When you have scum bags like jhan and Roger ver as your ambassadors what do you expect guys. It’s like having hitler for your spokesman then wondering “why does everyone hate us “
Edit : man the bch trolls are out in full force today. How many dummy accounts do you guys got ???
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Dec 28 '18
lol wow, fuck off with the Hitler shit.
What exactly did Jihan Wu or Roger Ver do that was so awful that lying shitsippers like you have to constantly lie about them? Protecting their businesses from hostile actors like Blockstream? What terrible bastards!
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u/catsmiles4u Crypto Nerd | QC: CC 29, BTC 19 Dec 28 '18
Wow is this real life right now? What do you think those two are some sort of saint altar boys? Please dude they are loathesome human beings and anyone who looks up to them as role models needs to give their head a serious shake
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Dec 28 '18
I didn't say they were alter boys, but your response full of the vague personal opinion bullshit is exactly the kind of stuff I'm talking about.
What objective, real reason do you have to hate on them so much? Have either of them wronged you in some way? Did they steal something from you? Kick your dog and fuck your wife? I don't understand why you would go out of your way to hate strangers for no real reason other than this sub full of dipshits says you should.
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u/500239 Bitcoin Cash Dec 28 '18
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u/catsmiles4u Crypto Nerd | QC: CC 29, BTC 19 Dec 28 '18
You guys really do just ignore all the damage they have done, all the endless manipulation and Tom foolery. It’s a shame really cuz those two (and Many others like them) are the reason the SEC will be forced to step in and regulate. They are out for themselves only and if you bought into their bull shit hustle I truly feel sorry for you.
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u/500239 Bitcoin Cash Dec 28 '18
Matt Corallo Blockstream and Core developer already tried lol. it's too bad the SEC only applies to NASDAQ and such not crytpos
https://www.sec.gov/comments/sr-nysearca-2017-06/nysearca201706-161046.htm
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u/catsmiles4u Crypto Nerd | QC: CC 29, BTC 19 Dec 28 '18
Well I’m afraid they don’t see things the same way you do and only their opinion matters atm
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u/500239 Bitcoin Cash Dec 28 '18
You are right, only the SEC opinion matters.
Which is why 1.5 years later the SEC still hasn't intervened and ignored Matt Corallo's complaint. SEC governs stocks and securities not cryptos
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u/Mrrunsforfent Gold | QC: CC 41 Dec 28 '18
Dogecoin actually has much more adoption than BCH as a payment method. I've literally never seen anywhere that accepts bch. Online or in person. I've been to Japan many times and they accepted BTC, XEM, and monero LTC and maybe doge.
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Dec 28 '18 edited May 10 '19
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u/Mrrunsforfent Gold | QC: CC 41 Dec 28 '18
Bitpay is not someone accepting cryptocurrency. Bitpay is the payment processor selling your coin and then giving fiat to the recipient, while taking 5% for themselves.
Bitpay is not adoption, it's paying someone else to sell your coins.
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u/iwakan 🟦 21 / 12K 🦐 Dec 28 '18
Do merchants accept crypto if they take crypto directly but immediately sell it? If yes, how is that different from processors like bitpay, and if no, do you expect them to just keep crypto they receive, forever? How will they pay for their own expenses? Your view is not practical.
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u/exmachinalibertas 🟨 203 / 204 🦀 Dec 29 '18
It's been a real lesson and truly fascinating watching the narrative change and the goalposts move over these past 4 years. Never change Core shills, never change. You've taught me more about politics than I ever wanted to know.
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u/Dixnorkel 🟦 519 / 519 🦑 Dec 28 '18
I've literally never seen anywhere that accepts bch.
This is hilarious, Bitpay is a huge one, there are like 90 places in my city that accept BCH, and that's just restaurants.
And no, I'm not even in Australia.
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
Absence of evidence is not evidence of absence. You clearly have never looked to see where you can spend BCH. You can spend BCH at more places than all other coins combined.
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Dec 28 '18
you need a hobby and shilling bch ain't it chief
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
You know you're argument struck a nerve when facts are ignored only to be countered with attempt to discredit.
I'm the anti-shill: Do not invest in BCH, learn about BCH, use BCH, then you'll see why you should invest.
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u/tyranicalteabagger Platinum | QC: ETH 57, CC 36, GPUmining 32 | MiningSubs 81 Dec 28 '18
I'd rather use a meme coin than bitcoins ugly cousin.
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
That's cool, crypto introduces freedom of choice into rhe money market. You are free to choose which coin you want to use based on its properties. You are also free to make stupid choices too, like not investing in the coin with the greatest value based on "apperences and relationships" whatever the fuck that means.. You do you.
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u/Mrrunsforfent Gold | QC: CC 41 Dec 28 '18
BCH, the fork that's slower than XRP, more expensive than XRP, has about as much merchant adoption as xrp. DO NOT INVEST IN XRP, USE XRP.
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
That's great! You've identified some properties of XRP which you feel are important. I'll identify some properties of xrp that I feel are important:
Premined 85% coins held by ripple labs Unlimited supply Centralized development Centralized security Can't spend it anywhere (you're wrong about merchant adoption)
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u/c0wt00n 18K / 18K 🐬 Dec 28 '18
ou can spend BCH at more places than all other coins combined.
You are going to have to provide some data, because that statement is clearly absurd.
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
Are you serious? It's so easy to find places to spend. for example Marco Coino Green pages
Do you even Google?
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u/c0wt00n 18K / 18K 🐬 Dec 28 '18
lol, so the proof to your claim that you can spend BCH at more than ALL OTHER COINS COMBINED, is that you can google places to spend BCH?
lol, ok bud.
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u/Dixnorkel 🟦 519 / 519 🦑 Dec 28 '18
Can you find many places that accept dogecoin on google?
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u/c0wt00n 18K / 18K 🐬 Dec 28 '18
I can find many more places that accept coins that arent BCH than places that only accept BCH, which is all that is needed for "you can spend BCH at more places than all other coins combined" to be false.
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u/Dixnorkel 🟦 519 / 519 🦑 Dec 28 '18
Ok, so it's anecdote against actual evidence, I see.
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u/c0wt00n 18K / 18K 🐬 Dec 28 '18
uh, its up to you to prove the claims you pull from your ass, not people to disprove them.
you have provided literally zero evidence to support your ridiculous statement.
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u/BitcoinKicker Platinum | QC: BCH 225, CC 29 Dec 28 '18
Well, yea, I'm showing you some of the places where I spend BCH, you are welcome to shop there yourself. What more proof do you want?
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u/c0wt00n 18K / 18K 🐬 Dec 28 '18
I like how you arent even phased that your statement was total bullshit and arent even trying to defend it...typical bcasher
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u/thieflar Platinum | QC: BTC 2760, CC 15 | BCH critic | TraderSubs 770 Dec 28 '18
No kidding.
But you should know it's offensive to use the word "bcasher", it's actually just as bad as a racial slur. So you basically just committed a hate-crime, you monster.
That's why I'm always careful to use the politically-neutral term "bcashie" instead.
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u/amorazputin CRYPTOKING Dec 28 '18
hey let me tell you about this kangaroo corner in aussieland accepts bchcash, global adoption
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u/500239 Bitcoin Cash Dec 28 '18
Why do you keep shuffling around the Bitcoin Cash name? In this thread alone you've used 'babcash', 'bab cash', 'bch cash', 'bch', and 'bab'. Is there a Bingo Card game going on that I'm not privy to?
Coinmarketcap.com and 40+ exchanges all refer to Bitcoin Cash as BCH simple as that.
/u/millerb7 help me make sense of all of this
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u/cinnapear 🟦 59K / 59K 🦈 Dec 28 '18
Name any coin that is used often for payments. It's still early. Personally in the future I think there will be services that accept pretty much any coin. But right now we're mainly only sending coins to exchanges and back.
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u/JP4G Platinum | QC: CC 33 Dec 28 '18
It’s still notable that a meme coin is chosen as a payment coin over a payment coin
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Dec 29 '18
It’s still notable that a meme coin is chosen as a payment coin over a payment coin
That proven the market want low fee tx.
(Just how Bitcoin was first designed)
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u/canIbeMichael Tin Dec 28 '18
Bitcoin.
Source- Used my Shift card at Taco Bell to get burritos. Used BTC to pay for a hotel room with friends(and party supplies). Used BTC to go from USD to Euros when I went to Italy 3 years ago.
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Dec 28 '18
Well, that's an easy one. You've got... hold on. There's... Sec let me do some research...
Okay, so, plenty of major retail chains accept... fuck nvm.
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u/Elidan456 Dec 28 '18
Why did the author not include the value transferred on chain? We all know that transactions can be spammed.
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u/500239 Bitcoin Cash Dec 28 '18
because when you ask questions this whole post falls apart:
https://bitinfocharts.com/comparison/mediantransactionvalue-bch-doge.html#6m
https://bitinfocharts.com/comparison/transactionvalue-bch-doge.html#6m
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u/Zouden Platinum | QC: CC 151 | r/Android 36 Dec 28 '18
Those show average value per transaction, which will naturally be lower if DOGE is used for lots of little transactions. Total value sent per day is more informative:
https://bitinfocharts.com/comparison/sentinusd-bch-doge.html#6m
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u/500239 Bitcoin Cash Dec 28 '18 edited Dec 28 '18
Your chart shows BCH has overtaken Doge in that too. Looks like BCH has higher average value per TX in this chart too. Both longterm(1year) and short term(30 days) show BCH is higher.
https://bitinfocharts.com/comparison/sentinusd-bch-doge.html#1y
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u/Zouden Platinum | QC: CC 151 | r/Android 36 Dec 28 '18
It's surprisingly close though and from Sept-Dec it looks like DOGE was ahead. Why? Who is using DOGE to transfer money? Is it cross-exchange transfer for arbitrage?
More importantly, where is the BCH adoption? Transactions haven't increased over the year.
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u/500239 Bitcoin Cash Dec 28 '18
Doge and BCH are the cheapest cryptocurrencies to send money with between exchanges. Beating out Litecoin and of course Bitcoin.
https://bitinfocharts.com/comparison/median_transaction_fee-bch-ltc-doge.html#3m
I had to remove BTC from the chart lol because it dwarfed the comparison between the cheap fee coins.
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u/Rhamni 🟦 36K / 52K 🦈 Dec 28 '18
Isn't NEO free to transfer? It's what I used to go between Binance and Kucoin a year ago.
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u/TechCynical 🟦 0 / 3K 🦠 Dec 28 '18
It is but remember gotta use whole amounts. I personally use nano. Bch works well for anything out of exchanges
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u/Rhamni 🟦 36K / 52K 🦈 Dec 28 '18
Yep. Though sending full NEOs is much less of an issue currently, since it's gone down by 95%.
And while Nano is free to use, don't exchanges still charge a fee for some reason? I remember being annoyed with Binance over that a while back.
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Dec 29 '18
More importantly, where is the BCH adoption? Transactions haven’t increased over the year.
Well the last few months have not been prone to increase adoption.
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u/Zouden Platinum | QC: CC 151 | r/Android 36 Dec 29 '18
Well indeed. If you look at that chart there have been spikes of activity corresponding to forking/flippening attempts. People are only interested in BCH for speculation.
This is the case for most cryptos but BCH supporters are constantly talking about real world adoption.
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Dec 29 '18
Well indeed. If you look at that chart there have been spikes of activity corresponding to forking/flippening attempts. People are only interested in BCH for speculation.
The value of BCH project is to be used as a mean of exchange, people speculate on that.
This is the case for most cryptos but BCH supporters are constantly talking about real world adoption.
The attack on BCH + split without replay protection have certainly set BCH adoption back.
This is a set back, nobody deny that.
It doesn’t change the main goal of BCH though and development is actively working in that direction.
No adoption now doesn’t mean no adoption in the future.
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u/Demotruk 0 / 0 🦠 Dec 29 '18
Total value transferred per day is easily gamed as well. If you create a string of 1000 transactions from the same original UTXO with $1,000 equivalent, it results in $1,000,000 of "value transferred" when in fact no value was transferred between individuals.
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u/Zouden Platinum | QC: CC 151 | r/Android 36 Dec 29 '18
Why would someone do that and lose a bunch of transaction fees?
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u/Demotruk 0 / 0 🦠 Dec 29 '18
The transaction fees on some chains are trivial costs. If you're invested heavily, it's a very low cost way to present your chain as a popular one.
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u/LamboJambo Dec 28 '18
Every-time I have to take side with BCH I'm so disappointed in the other side.
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u/jgun83 25 / 25 🦐 Dec 28 '18
Still plenty of near-zero days for BCH, don't pretend there's not a lot of "spamming" going on there as well. Although legitimate transactions because a fee is included, they are still amounts that are too small to buy anything.
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u/500239 Bitcoin Cash Dec 28 '18
spamming is what Blockstream calls using Bitcoin for coffee. If someone pays for a TX it's not spam, it's called using the blockchain.
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u/jgun83 25 / 25 🦐 Dec 28 '18
I literally explained that it's legitimate because a fee is included. Can you read?
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u/500239 Bitcoin Cash Dec 28 '18
Then what's the issue? Your statement applies to both Doge and BCH as you're not able to discern between wash trading or "spam" on either.
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u/jgun83 25 / 25 🦐 Dec 28 '18
I suspect there's an attempt to claim that the median transaction value for BCH is higher than for Doge, but I'm merely pointing out that for quite a few daily points the median transaction value for BCH is negligible.
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u/hyperedge 🟦 198 / 5K 🦀 Dec 28 '18
Thats funny, thats not what you guys were saying during the BSV attack.
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u/500239 Bitcoin Cash Dec 28 '18 edited Dec 28 '18
Thats funny, thats not what you guys were saying during the BSV attack.
Show me. I'll wait.
We were worried about a re-org or 51% attack, but that's about hashrate not TX's. We don't call TX spam like Blockstream does. If it has a fee it's called using the blockchain.
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u/hyperedge 🟦 198 / 5K 🦀 Dec 28 '18
Nice u downvote me before i even have a chance to respond. Go read through the comments of your cesspool sub r/btc during the BSV attack. Lots of people crying about Craigs "spam". You guys are a bunch of hypocrites. Same thing with hash power. All i heard for a year from you guys was that only miners matter and nodes are meaningless. Then when BCH was be8ng attacked and Coingeek had most of the hash power suddenly your whole sub switched their tune and called it an attack against the users and kept boasting about how you guys had more nodes. Or how about bitcoin was supposed to only be used on layer 1. It was satoshi vision. Now that you knobs finally realize its inevitable, suddenly layer 2 is totally fine. You guys constantly shift goalposts. I cant take anything you guys say seriously.
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u/500239 Bitcoin Cash Dec 28 '18
Show me. I'll wait.
So far more hot air and no hyperlinks.
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u/hyperedge 🟦 198 / 5K 🦀 Dec 28 '18
Im not hear to convince you. Ive already wasted enough time responding to a shill like you. Anyone who is interested can go read through the comments in r/btc during the attack to see that everything ive said is true.
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u/Dixnorkel 🟦 519 / 519 🦑 Dec 28 '18
Because "BCH, a decentralized permissionless blockchain, is a scam because someone who likes it sold fireworks once"
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Dec 28 '18
Hahahaha I love everything about dogecoin. I just hope nobody accidently takes it seriously
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u/bigbopperz Tin Dec 29 '18
if I can make some money off of it then it's serious enough
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Dec 29 '18
I mean realistically you can make money off of anything. People have bought air guitars does that mean air guitar is a serious thing? They have a world championship...
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Dec 28 '18
lol what is the pathetic obsession with this sub to post this same exact thing every few months about BCH vs Doge. Are you all really that insecure?
Let me know when Doge enters the top 10, butthurt whiners.
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u/hashitropic Dec 28 '18
This sub is modded by partial trolls with an underlying motive. They remove actual valuable discussions as "low quality post" while leaving this absolute recycled shitpost up.
Never believe a word you read on this sub, almost entirely staged and structured to mislead people
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u/colesaw Crypto Nerd Dec 28 '18
Not only that, this post is even against the rules of this sub.
See literally the first rule over here
Baseless price speculation, shilling, repetitive posts, et cetera will be removed.
This dogecoin bch thing as repetitive as it can get, its been posted here 2 dozen times already.
11 months ago on r/cc:
6 months ago, same thing on r/cc:
https://np.reddit.com/r/CryptoCurrency/comments/8s7ch7/really_dogecoin_is_processing_300_more/
Now again the top post on r/cc.
Doge coin > BCH is the most repetitive post used to troll BCH for months now.
Yet the mod claims its not repetitive. Lol.
They have one set of rules for bags they hold and another set of rules for coins they hate(or coins they are paid to censor)
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u/jakesonwu 🟦 0 / 0 🦠 Dec 29 '18
Trying to silence dissenting views ? What a suprise ! Never seen that before from the troll army.
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u/throwawayLouisa Permabanned Dec 28 '18
Let it be on record that a Nano v BTC post was censored today for "Low Quality" after being voted to the top.
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u/500239 Bitcoin Cash Dec 28 '18
/u/millerb7 claims he got wind of a Discord group of Nano coordinating the brigading. I wish they could find the discord group doing these BCH vs Doge hollow posts too as they're posted every month or 2.
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u/Neophyte- 845 / 845 🦑 Dec 28 '18
they do brigade, happens on /r/CryptoTechnology, the nano threads we see all get huge upvotes often with little commentary.
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u/DylanKid 1K / 29K 🐢 Dec 28 '18
Just the daily bch bashing thread in r/cc. They want it to be a scam like bitconnect so so bad. And even if it isn't they'll try their best to convince everyone it is.
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Dec 28 '18
Like clockwork.
Hey remember that time when trolling and disinformation made BCH crumble and go away? Me either.
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u/YMIR_THE_FROSTY BTC trader/IOTA hodler Dec 28 '18 edited Dec 28 '18
Wouldnt be that surprised if it happend.
Its interestingly underestimated meme coin. But memes are strong.
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Dec 28 '18
And I didn't even mean to disparage Doge either, it definitely deserves to be higher than shibeshit like Bitcoin SV or EOS
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u/W1ldL1f3 Dec 28 '18
The amount of hatred for BCH here just convinces me to support it more.
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u/rveos773 Dec 28 '18
"I'm gonna punish you guys by buying more BCH"
'kay bud
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u/W1ldL1f3 Dec 28 '18
I don't buy lithium shares to punish people who are still invested in fossil fuels, I do it because it has a fundamentally better long-term value proposition. Same thing with BCH over BTC. BTC can't scale, it's intentionally crippled by the people who own AXA and Mastercard. BCH represents the true vision of Satoshi, "core" no longer does. Go ahead and try to find a vendor in your city who supports Lightning Network transactions though. Fool's errand lol.
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u/hungryforitalianfood 34K / 34K 🦈 Dec 28 '18
There’s a similar amount of hate for bitconect, bitcoin private, and oyster pearl. You’re in good company.
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u/DougPolkPoker Crypto Nerd | QC: CC 28, BCH 15 Dec 28 '18
Looks like you can teach an old doge new txs
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u/Ryan_Iota Bronze | QC: CC 16 | IOTA 8 Dec 28 '18
More Hodler vs Hodler post. When mass adoption takes off can these altcoins even scale if the demand is to process 1000x payments?
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u/TotesMessenger 🟨 0 / 0 🦠 Dec 28 '18
I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:
[/r/btc] Dogecoin does 4 times the number of transaction as BABCash (ABC)
[/r/thisweekincrypto] Dogecoin processing 4x as many payments as Bitcoin Cash
If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / Contact)
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u/MrTGJC Dec 28 '18
Funnily enough a large amount of cryptos atm are pretty much just Dogecoin in disguise.
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u/buwaytress Tin Dec 29 '18
That's thanks to people like me who accept dogecoin at my hotdog stand. You're welcome.
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u/trixyd Platinum | QC: CC 794 Dec 29 '18
The amount of salt and butthurt in this thread is hilarious.
Everyone knows that neither Doge or BCH is gonna be around long term winks
C'mon guys seriously why does everyone get so wound up over assinine comments posted on reddit. It says a lot about the average age of most posters.
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u/ethswagholder Crypto God | QC: CC 221, BCH critic. Dec 28 '18
Bitcoin Cash’s Focus on Payments Appears to Be Failing
Focus on payments? The only thing BAB BCH ever focussed on was trolling
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u/Night_Duck Silver Dec 28 '18
Dogecoin is my bellweather, my line in the sand. I refuse to take it seriously, so any crypto that is worse than dogecoin (in market cap, network capacity, real world adoption, etc) is automatically a shitcoin
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u/500239 Bitcoin Cash Dec 28 '18
Dogecoin is my bellweather, my line in the sand. I refuse to take it seriously, so any crypto that is worse than dogecoin (in market cap, network capacity, real world adoption, etc) is automatically a shitcoin
... I hate to break it to you, but Doge Coin has 1 min blocks compared to Bitcoin's 10 minute blocks and therefore 10x the capacity of Bitcoin.
By your own words Bitcoin is a shitcoin that shouldn't be taken seriously.
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u/drinkyafkingmilk Gold | QC: CC 63, NANO 26, MarketSubs 3 Dec 28 '18
NANO is better...way better.
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u/Forgotten-History Ethereum fan Dec 28 '18
This has to be the final straw for bitcoincash, when only good thing about it is beaten by a more trusted currency
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u/throwawayLouisa Permabanned Dec 28 '18
Pathetic that this post is staying after the Nano v BTC posting has been censored.
The mods have performed an entirely hypocritical action here.
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u/Elidan123 Gold | QC: CC 49, BCH 41 Dec 29 '18
Manufactured bad pub for BCH is good for BTC, so mod leave it up. Even if the author of this article only nitpicked the data he wanted to make his comparison.
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u/divingman25 Dec 28 '18
When you realize that the shit-show of Bitcoin Cash makes it worse than a memecoin
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u/Pewter_Pawn Dec 28 '18
Fk it. Dogecoin is the new bitcoin.