About BCC (Bitcoin's Cancer Cell) - page 4.

Torque

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Gresham's Law states that "bad money circulates and drives out the good money".

Every long term Bitcoin holder has just been given an equal amount of BCH. The people that believe in the long term value of Bitcoin^TM far outweigh those that believe in BCH.

So if I am a true Bitcoin believer and I believe that Bitcoin^TM is a superior form of money (because of it's attributes and core principles) over Bitcoin Cash, guess over time which coin that I am going to spend first? Wink

European Central Bank

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Quote from: The Sceptical Chymist on August 01, 2017, 07:42:25 PM

Oh, I don't think it's as bad as all that. The way I see it, BCC is going to probably go the way most shitcoins go--extinction. Like cancer cells that just start to get all apoptotic and die. It's either that, or it's going to succeed--and it doesn't look like the latter is going to happen. Too much negative sentiment, not enough advantage. I say that not knowing the technical fundamentals, of course. I'm just basing it on opinion on this forum.

it's the perfect vehicle for whales and hostile actors to screw with bitcoin. they can game the price and hash rates to scare people into buying or selling.

the unlimited, ec, xt etc signalling had enough of an effect on the market and it was never more than a mirage. this turns it up to 11.

this is bip 148 for the other side.

N12

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The problem is that 80% of the hashrate has signed on a 2 MB hard fork in 3 months. However, the community probably will not let such a hard fork happen. To save face, miners such as Bitmain have already announced supporting Bitcoin Cash should this happen.

The Sceptical Chymist

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Oh, I don't think it's as bad as all that. The way I see it, BCC is going to probably go the way most shitcoins go--extinction. Like cancer cells that just start to get all apoptotic and die. It's either that, or it's going to succeed--and it doesn't look like the latter is going to happen. Too much negative sentiment, not enough advantage. I say that not knowing the technical fundamentals, of course. I'm just basing it on opinion on this forum.

N12

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So, the thing we've been trying to avoid for years has actually happened: a contentious hard fork.

What are the ramifications?

Bitcoin Cancer Cell is the single crypto sharing SHA-256 with Bitcoin. Thus, miners are free to transition between the two as is more profitable. If Bitcoin Cancer increases in price, the market will subtract hashrate from Bitcoin and add it to the Cancer.

The Cancer is not only a direct threat to Bitcoin, but ultimately to itself since it is built on faulty fundamentals: The big block vision is one where blocks become so huge that only a few datacenters will be able to operate nodes, leading to a centralization level akin to PayPal and credit cards.

The Cancer comes from within us. It uses the same forums, chats and subreddits.

It is here to destroy.

The only solution? Excision before it metastazises and it's too late: Miners of the majority fork must band together and kill off the minority fork.

Topic: About BCC (Bitcoin's Cancer Cell) - page 4. (Read 2617 times)