Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.
This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.
So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?
Certainly something to consider. Hopefully BCC will be a massive failure setting a precedent not to try and chip away from BTC with other future splits.
That will be my hope as well, but I remember reading something awhile back where the BCC people bragged they had millions in reserve to handle the fork, at the time I think it was for BU or something, but anyway there was an indication of a lot of money invested in pushing their version of the fork. So now if they changed tactics and will support BCC for awhile, much like I think special interests supported ETC in its early days by keeping the market price artificially high until it found support, it won't simply die and go away easily as we would like.
I don't kid myself for a minute that most people here are here for the quick money that can be made and they could give a rats behind about the tech or which coin is number 1 as long as they can make a profit. So if the split gives them free coins with some value, then I do not see BCC going away anytime soon. I can see it (BCC) dropping down to $100 or even a bit under, but that is no means a recipe for disaster as it wasn't too long ago that BCC was trading at these levels.
But what's the benefit of BCC then?
Big empty or cheaply spammed blocks?
Bitcoin is old tech but it's the boss. Generally no altcoins have 10 minute blocktimes for years for a good reason - it takes too long for confirmations for today's standard. New coins starting with 10 minute block times are at a disadvantage.
XT, BU, BCC... it all seems to me all their supporters are mostly the same group of people I described in my first reply. They hate the status quo and rather watch BTC burn out of either spite or delusion while ignoring both the faults of their proposals and that BTC is doing just fine. There has to be a transaction fee market, there's no way around that. Otherwise gigabytes of blocks could be filled cheaply with simple scripts.
I just really hope all the mindless people supporting these craps (especially the /r/btc circlejerk) will put their money where their mouth is at so I can trade my BCC for some free BTC.
