Topic: Bitcoin Vs Bitcoin Cash - page 23. (Read 17273 times)

Just to reiterate, because the thread is now very long with many low quality posts...

The danger is, that by dumping all BCH, BTC holders allow Ver and company, who remember have VERY deep pockets, to buy cheaply and control the entire float in BCH.

Then at a strategic moment, say just as the 2x fork is coming to a head, they unleash their spambots on BTCs mempool and switch their mining power to BCH, simultaneously aggressively bidding BCH.

They are not out of the game by a long shot.  Underestimating your enemy is dangerous indeed.

Why are you still arguing? BCH was only relevant the first 48 hours after the actual network split, what bitcoin couldn't do that bch can do now? bitcoin needed some improvements and devs are doing their best to keep us happy for years. they weren't the ones betraying Satoshi's vision, he believed in a single strong version with the name and with the most supported chain, they did the opposite, they striped bitcoin from pants
This is now irrelevant so please stop talking about it because I have sold my coins and not interested in this clone which by the way once you sell your free coins it's not a clone anymore. I wonder how profitable it is mining bch with current difficulty and price? did they change anything to tackle the slow block times? did they remove asicboost?

Obviously! This was for sure to be happened. The bitcoin investors will never allow any other coin similar to bitcoin to progress in the crypto market. Bitcoin cash failed to divert attention of masses from the classic bitcoins. The moment people got bitcoin cash in their wallets, they dumped them which ultimately resulted into the decrease in bitcoin cash price.

I am glad that at least true bitcoin lovers are still with bitcoins and are not attracted by similar currencies like bitcoin cash. Bitcoin cash was a useless invention that has disappointed many around the globe and it just gathered hatred from the true bitcoin lovers. I will suggest the team to focus on producing latest versions of the classic bitcoin.

It is certainly not as simple as that

As you have said yourself, it is mostly the choice between mining regular Bitcoin and Bitcoin Cash, so it should be obvious that miners switching to mining the latter are leaving the real Bitcoin mining scene. Therefore, those remaining will get a bigger share of the pie and thus earn more coins (read dollars) for themselves. And this is the tricky part which is not simple, i.e. whether it is actually worth switching to mining Bitcoin Cash instead of original Bitcoin

basically Bitcoin Cash (BCH) is the same as bitcoin (BTC), Bitcoin Cash is just an altcoin version created by developers because of the bitcoin split that occurred on August 1st yesterday, the developer managed to create a permanent difference in blockchain, which aims to break the transaction. Congestion problems on the Bitcoin platform.
The value of Bitcoin Cash is currently not worth the old Bitcoin value, since bitcoin users still rarely use the latest version of this coin alternative. It is because age Bitcoin Cash is still fairly young so not many who use it.

While you have some good points at the same time I will say that we need to make a comparison, bitcoin cash basically was created with that in mind, miners wanted to show that their solution was better than the solution of the devs and that is why they created that coin, so we must compare them.

We all know how valuable bitcoin is than bitcoin cash. Also, bitcoin cash is just the continuation of the dream of the creator of Bitcoin; Satoshi Nakamoto. So I think that people like the idea of Satoshi Nakamoto if he is present the time bitcoin is having a lot of issues. If Satoshi helped the developers and include himself or themselves in the debate I think they can understood and this will not come to this where there are two parties.

I think Bitcoin cash has a lot of potential and it can show great value in future. It is the biggest competitor of Bitcoin but i think that it will take Bitcoin cash many years to surpass Bitcoin as Bitcoin is the most popular and most valuable cryptocurrency in the market.

Remember that for every seller there is a buyer...

It's early days for BCH - if the mining difficulty drops enough but the price remains stable, I can see some miners switching to mine it. If you are an ASIC miner, there are very few coins you can mine: bitcoin, bitcoincash and peercoin. All the rest are scrypts.

This is certainly not the only possibility

You can sell original bitcoins for dollars and get market rates. And then use dollars to bid up the price slowly. But this is ultimately irrelevant since you may be selling for a loss today to earn decent profits tomorrow. In fact, when you buy some asset you hope that it will rise in the future even if its price continues to decline after you make a purchase. But this is obviously not all. The cartel may not be looking for short term profits (like in "buy low sell high"). They are ultimately looking for control, and they don't care about how much it could cost them in dollar or Bitcoin terms since if they control Bitcoin (under whatever name), they control the whole market (after all, they could break even entirely via mining fees in the end)

Bitcoin are much more valuable than bitcoin cash as any of the currency which is been used while on the net then it has much less chance of getting in corruption so bitcoins are great way for making money

I may be wrong but I see it like this. If you are selling something you have to make the price competitive. In other words the price should be lower than in other places, otherwise people will be buying in those places and not from you. In our case if we are selling Bitcoins for Bitcoin Cash we should make people pay less Bitcoin Cash for BTC than in other places to attract buyers. Yes, such act would prop up the price of BCH, but at what cost. We'll be losing money. In fact selling Bitcoins for lower amount of Bitcoin Cash is the same thing as buying Bitcoin Cash for higher amount of Bitcoins.

As others have said the network is different

I don't really know whether it is true or not, but if I'm not mistaken, it was the exchanges' condition and requirement that the wannabe Bitcoin should solve the replay issue if its creators wanted it to be listed there. So I guess they should have made the network incompatible to avoid the possibility of replay attacks (since we see BCH tokens listed at most if not all major exchanges by now). But ultimately this is irrelevant since your assumption falls apart at another level. You essentially say that there is nothing that would prevent both merchants and consumers from accepting Bitcoin Cash if the regular Bitcoin is stuck or fails. Even if technically it were so (which it is not), I still couldn't agree with this view. If we are to face the facts, many exchanges (if not all again) suspended even genuine Bitcoin deposits and withdrawals for some time to avoid possible repercussions from the introduction of Bitcoin Cash (until the dust settled). In this way, I can't possibly see how all these people you mentioned could be willing to accept Bitcoin Cash. That would likely wreak total havoc in their accounting unless they are going to accept it as just another payment currency. But then it would be no different from accepting, say, Litecoin, or any other altcoin. Thus your assumption is untenable and not plausible conceptually, not just technically

Same thoughts as you. BCC isnt just another fork made on a whim by a few amateur developers like what usually happens with altcoins. This is a well thought out plan for the miners to have a place to run to in case Core succeeds in pushing them out.

Are you kidding me? the fork coin just another shit and never to replace the real one. Bitcoin cash just bunch of the greed. The free airdrop coin must not worth a lot just like bitcoin or even surpass it. You must realize what are you said. bitcoin cahs just nothing right now.

This just means that transaction format is similar and the UTXO set has been copied. I don't see how, in practice, Bitcoin Cash is different than other altcoins. It's similarly easy for merchants/services to accept other altcoins. The BTC network has certainly not been cloned; BTC users carrying on normally can't see activity on the BCH network. It's incompatible, ignored by their nodes.

The only thing that separates Bitcoin Cash (or Segwit2x) from other altcoins is marketing. The fact is that any hard fork is an altcoin. Fair enough, maybe we will all be using some altcoin in the future rather than Bitcoin.


Network activity, demand. Just like any other altcoin.


There are wealthy interests in the Bitcoin space with a lot of money to market their BTC fork and spam/attack the BTC network. And they also have a lot of BTC to dump. I don't think they'll prevail, but they (Bitmain, Roger Ver, etc.) are nothing to sneeze at.

Since the network is identical at the split, you have the burden of proof I suppose of arguing against the notion that there isn't already a system in place that can pick up where it left off at the split point. So yes, while I am assuming that merchants or people who were accepting bitcoin could just as easily accept BCH, since the network is a clone, the addresses are a clone, the private keys are a clone, etc., it seems logical to me that people abandoning the unusable network would find the least friction in taking up the BCH network. If you are a merchant or consumer using Bitcoin, what's preventing you from switching to BCH? Especially if you've already got coins there and especially if the network is gaining favor with the masses amidst a general increase in unusability of the BTC network. That's not to say any transition would be seamless or pick up where BTC left off months after the split, only that it offers the least friction to cross over. Also, any switch wouldn't happen instantaneously. Bitcoin wouldn't suddenly be "unusable" in one instant where it was perfectly usable the instant before. It would be a long, slow march towards unusability, just like last time, and as people become increasingly more frustrated with delays and high fees and the developer's overall inability or unwillingness to address the issue, there will already be a nearly identical system that can address the capacity problem, and as bitcoin loses favor over time, BCH will increase in value as it becomes more viable.

Now, obviously, that is all opinion, as any projection is. That's not a prediction of what will happen, that's my opinion of what is the most likely outcome if bitcoin can't solve capacity. I am rooting against BCH, and I want BTC to remain the predominant crypto. But Bitcoin is not magic. It's 100% fungible and any crypto can replace it with relative ease. Its only advantage is inertia at this point. If it squanders that and allows BCH to reach price parity amidst a capacity crisis, that may the irreversible tipping point.

I dont think bitcoincash same value in bitcoin. But bitcoincash have potential to increase in the future maybe it will become 1000 dollars after few months or few years.

This certainly seems possible. The Ver-Bitmain-nChain contingent likely controls a hell of a lot of bitcoins. I'm really surprised that Bitcoin Cash is still holding at these price levels. If it can form such a price floor over the next few weeks/months, the stage would be set for an attack on BTC (spamming, block withholding, etc). There has been a lot of effort put into separating Bitcoin Cash from other altcoins (framing it as a legitimate replacement for BTC). This would be leveraged in any attack on the legacy BTC chain.