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Topic: Bitcoin Vs Bitcoin Cash - page 28. (Read 17235 times)

legendary
Activity: 1806
Merit: 1521
August 05, 2017, 02:11:15 AM
The price of bitcoin just surged past $3000 a few days after the split. Goes to show how strong the support for bitcoin is and I am almost sure that it is just going to get stronger. I don't have anything against bitcoin cash because it too has its own supporters, albeit not as many as bitcoin, but we will see how long they can continue to support it at the expense of lesser mining fees.

I'm more interested to see what kind of "split" might develop after the November hard fork. The Segwit2x camp is supported by big money: companies, miners, exchanges. But I also think that there is a significant contingent within the Bitcoin community that will oppose such a hard fork (and might oppose any hard fork, not matter what).

It's true that it seems silly to try to hard fork so soon after implementing Segwit. Why not give it some time to see how it alleviates network congestion? Why not see how the Lightning Network develops first?
hero member
Activity: 714
Merit: 500
August 05, 2017, 02:08:20 AM
The price of bitcoin just surged past $3000 a few days after the split. Goes to show how strong the support for bitcoin is and I am almost sure that it is just going to get stronger. I don't have anything against bitcoin cash because it too has its own supporters, albeit not as many as bitcoin, but we will see how long they can continue to support it at the expense of lesser mining fees.
legendary
Activity: 1806
Merit: 1521
August 05, 2017, 02:01:19 AM
Well, I think bitcoin cash is not stable yet. Although the price is high, but I think it's only temporary. Well, of course bitcoin is better. Even etherium is still better than bitcoin cash in terms of usefulness.
There is two option I see for Bitcoin Cash:

- users will dump Bitcoin Cash and eventually, it will become dirt cheap,  and by dirt cheap, I mean like 0.01% of original bitocin
- Bitcoin Cash will become somewhat usable (I doubt it personally), or it gathers a certain amount of a 'fan base'(more likely)and  these people will keep the value of it on stable level

At first, due to all the demand for exchanges to support Bitcoin Cash, I expected the latter outcome. However, now it seems like hash rate is dwindling. The difficulty retarget algorithm isn't clear to me; it seems that it's still not profitable to mine, despite being more stable at this point. ViaBTC's hash rate (for BCC) is down to 26P, one third of what it was a day or two ago. Are there any other pools?

I guess soon we'll have a pretty clear idea just how much of the community was really behind the idea of big blocks and miner-controlled consensus rules. Bitcoin Cash might stay around, but it doesn't look like it has the brightest future at this point.
legendary
Activity: 1137
Merit: 1000
August 05, 2017, 01:47:07 AM
Don't think of it like that. Think of it as there is Bitcoin, and then there is Bitcoin cash. Bitcoin cash you can treat it like it's a brand new all kind of came out of nowhere. It's getting about the same amount of traffic that a brand new out coin with a very good promotion steam ahead of time would have got. It is also getting a slight following from those who treat it like it's some sort of political deviation for Bitcoin.
Bitcoin cash, about bitcoin cash as you said promotion it is already promoted since first day because it is the part of bitcoin and bitcoin have promoted that so I would like to say that there is nothing in promotion here because bitcoin have mention bitcoin cash on the top of the forum that they have lunch a new coin which is called bitcoin cash.
sr. member
Activity: 588
Merit: 253
August 04, 2017, 10:09:07 PM
First time everyone know bitcoin, when bitcoin cash is present, surely people do not really care so they will still choose bitcoin rather than bitcoin cash. and I sure bitcoin cash will not like bitcoin.
hero member
Activity: 1722
Merit: 528
August 04, 2017, 06:07:36 PM
even tho bitcoin block size is only 2mb and bitcoin cash has a 8mb i still go with bitcoin. because bitcoin cash is just like other altcoin where they got the source code from bitcoin so i still prefer bitcoin because bitcoin is the first crypto currency i used and all people used to live on. there's no split happening because we are believing on bitcoin.

There is already an split that happened and the result is BCC. Yes it is an altcoin but for me it is something that is closer to the current bitcoin that any other altcoins has. If you think of it, bitcoin cash is based on Satoshi Nakamoto's dream so you can say it might be the current bitcoin now if Satoshi is here.

Bitcoin cash equals altcoin for me. And I think bitcoin cash will not beat bitcoin like other altcoin. Bitcoin users more than altcoin users .. let alone bitcoin cash is still new in the world of cryto so it still takes time to become popular coins that are often used. Different with bitcoin cash .. bitcoin is acceptable anywhere. Many companies, online stores accept bitcoin as a means of payment. Maybe bitcoin cash can not do that way

Lol, bitcoin cash is an altcoin, it is also a digital currency with a good value so why can't it be used in such payment?
member
Activity: 112
Merit: 10
August 04, 2017, 06:02:33 PM
Bitcoin cash equals altcoin for me. And I think bitcoin cash will not beat bitcoin like other altcoin. Bitcoin users more than altcoin users .. let alone bitcoin cash is still new in the world of cryto so it still takes time to become popular coins that are often used. Different with bitcoin cash .. bitcoin is acceptable anywhere. Many companies, online stores accept bitcoin as a means of payment. Maybe bitcoin cash can not do that way
hero member
Activity: 910
Merit: 550
August 04, 2017, 05:58:49 PM
even tho bitcoin block size is only 2mb and bitcoin cash has a 8mb i still go with bitcoin. because bitcoin cash is just like other altcoin where they got the source code from bitcoin so i still prefer bitcoin because bitcoin is the first crypto currency i used and all people used to live on. there's no split happening because we are believing on bitcoin.
legendary
Activity: 2044
Merit: 1115
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August 04, 2017, 05:47:13 PM
bitcoin cash is the upgrade version of bitcoin. bitcoin could handle approximately three transactions per second with its 1MB of data per block and bitboin cash 8mb per block. and i think bitcoin will increase rapidly and bitcoin cash will increase soon bitcoin is til the best best. .. and this time bitcoin will increase more than we think.

I believe the 1MB blocks could handle 7 transactions per second (that's the most common number I've seen cited). In any event, that's irrelevant since SegWit is supposed to increase space by 60% for transactions in the blocks, and then the 2x portion of SegWit is supposed to increase the blocks to 2MB in November. Back of the envelope math puts the transaction capacity then at 22 transactions per second. When trying to talk about the merits of BCH, that's the number you need to be competing against. Three transactions per second is either intentionally understated or ignorant

Such comparisons are meaningless as such

They would make sense if and only if the block capacity is utilized in full. And I'm afraid we will never live up to that, at least, not in respect to Bitcoin Cash. How many blocks have been mined since it forked off, a dozen or two? How many transactions are there? I understand that it is too early to tell by any metric but what makes anyone think that anything is going to change at all in the future? Why would people use this shitcoin when they can safely use, say, Litecoin, which is a lot faster and cheaper (in respect to fees)

The capacity is immensely important. I'm not a fan at all of BCH, but to the extent the differences have merit, they ought to be considered fairly. Extra capacity is the whole point. If BTC reaches capacity again and the network slows down and fees skyrocket, all of a sudden BCH looks much more attractive. I don't see the point in BCH unless SegWit2x proves to be unable to cope with future transaction load and the developers again refuse to make changes. At that point, you've got a clone with the capacity to handle the extra transactions, and I'm sure if push comes to shove, they'd adopt SegWit on top of it creating even more capacity. As for why anyone would use that over Litecoin is the same question as to why anyone uses Bitcoin over Litecoin if the transactions are so much faster and cheaper over there. BCH has one thing that differentiates itself, and that's a very recent shared identity and an outside shot of claiming itself the legitimate Bitcoin chain with the masses. (I don't buy it, but if everyone else eventually does... well, we're all at the mercy of the consensus in that regard.)


You are always massively confusing things

In this case specifically, you implicitly assume that Bitcoin Cash and the regular Bitcoin still remain somehow connected or affiliated but after the split this is no longer the case. Bitcoin Cash is already just another coin (like many others out there), and converting from regular Bitcoin to this Bitcoin would be equal to selling and buying coins just like with any other two coins. So why would people want to use this China coin (when there is a congestion in the regular Bitcoin network) when they can buy Litecoin instead, which would be safer, cheaper, and faster? Anyway, Litecoin has virtually unlimited capacity, so why would Bitcoin Cash look more attractive and to whom exactly (and still more so if we are to compare and consider things "fairly")?

What is it that you think was confused, exactly? Because every time someone has an opinion differing from you, you label that as the other person misunderstanding or being confused. It's rather embarrassing for you that you think every instance of a different opinion is the other person being confused. Because apparently you think I think that BTC and BCH are still connected or affiliated, even though I don't.

BTC and BCH are two separate coins, but it is not like any other alt because BCH is essentially a clone of BTC with the only difference being block size (i.e. capacity). Up to a few days ago, they had the exact same history. That is, first and foremost, something no other coin gets to say. BCH is the only coin with the chance of claiming legitimacy of the "Bitcoin" legacy. So BCH is quite different from litecoin because BCH and BTC share a common history as of several days ago, and BCH's entire point is to SUPPLANT bitcoin, not operate as a compliment to it like litecoin has always maintained was its purpose. If BCH didn't want to SUPPLANT bitcoin, there would be no point in branching off. BCH did so in the belief that the only way to save bitcoin was to correct the biggest flaw in allowing the network to scale appropriately, capacity. The only way BCH maintains value now is if they ultimately prove to be right about the capacity issue. If BTC's blockchain once again becomes congested and unusable, BCH's is the closest ecosystem to bitcoin, not litecoin. Additionally, if litecoin is so superior in speed and cost and capacity, it would already be beating BTC, and it sure as heck would have replaced BTC during the last several-month-long period of congestion and skyrocketing fees. The fact that it's not and it didn't means Bitcoin has something that the market desires beyond what litecoin offers, (call it legacy, name recognition or some unquantifiable attribute) and at a point where BTC no longer can meet market need (due to capacity restraints), the most likely chain of events is for the market to latch on to the closest thing that matches Bitcoin, and right now that's BCH on account to there only being one difference between the two systems.

You can disagree with that, and I fully expect you will, but don't be such a pompous jackhole that you think because I have a different opinion than you it's because I'm confused. That level of arrogance is incongruent with having any type of worthwhile discussion.
legendary
Activity: 1862
Merit: 1004
August 04, 2017, 05:01:11 PM
Well, I think bitcoin cash is not stable yet. Although the price is high, but I think it's only temporary. Well, of course bitcoin is better. Even etherium is still better than bitcoin cash in terms of usefulness.
There is two option I see for Bitcoin Cash:

- users will dump Bitcoin Cash and eventually, it will become dirt cheap,  and by dirt cheap, I mean like 0.01% of original bitocin
- Bitcoin Cash will become somewhat usable (I doubt it personally), or it gathers a certain amount of a 'fan base'(more likely)and  these people will keep the value of it on stable level
sr. member
Activity: 994
Merit: 256
August 04, 2017, 04:38:56 PM

What do you think of Bitcoin Cash?

Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?




This question is anywats obsolete now as we can see bitcoin cash ended up with dust and dirt. Yes bitcoin cash is now another altcoin and it is being dumped like very bad in the market. This was already predicted that bitcoin cash when given in free way it will be sold right away it gets available on the exchanges. This led to devaluation of the BCC  and that's the whole story of this altcoin.
We can say that bitcoin cash is another altcoin but calling them altcoin your changing the theme of bitcoin cash because bitcoin cash is from bitcoin and they are providing the services of bitcoin cash so i would like to say that we should not say that this is another altcoin because if we call it another altcoin then it will be not that much stable in a future like bitcoin because they are many altcoins which is keep alive but don't having worth.
hero member
Activity: 1106
Merit: 502
August 04, 2017, 10:47:07 AM
Sure BCC will have high volume and a price around 200 dollars but BTC will still be considered BTC. BCC will just be considered an alt.
I think BTC is superior to BCC, although BCC transactions are huge but will not be able to beat BTC, I hope this is the last hard fork so users are increasingly optimistic with the future of bitcoin...
The free coins will end quickly. 2 months is still a choice of many people. After that they will throw it away. It's a strong signal that BTC remains unmatched. Very good price BCC, just enjoy it.
sr. member
Activity: 700
Merit: 277
August 04, 2017, 10:33:53 AM
Sure BCC will have high volume and a price around 200 dollars but BTC will still be considered BTC. BCC will just be considered an alt.
I think BTC is superior to BCC, although BCC transactions are huge but will not be able to beat BTC, I hope this is the last hard fork so users are increasingly optimistic with the future of bitcoin...
sr. member
Activity: 244
Merit: 250
August 04, 2017, 06:51:31 AM
Sure BCC will have high volume and a price around 200 dollars but BTC will still be considered BTC. BCC will just be considered an alt.
hero member
Activity: 1022
Merit: 503
August 04, 2017, 06:49:45 AM
I can't even compare these currencies. Bitcoin is a proven crypto currency №1 in the world. Bitcoin cash is a new product on the market trying to earn dividends on that uses the name of bitcoin. I do not believe that this project will exist for a long time and probably all who think that he will repeat the fate of bitcoin is wrong.

Exactly dude. Comparing btc to bch is non sense. As btc proves itself in the market and many countries are legalizing it and the price is increasing over time. Bch, just an imitation of btc and trying to steal the lime light. A trying hard coin. Sooner as many exchanges will have orders of bch many will dump their coins and buy altcoins that are potentially grow in the market.
sr. member
Activity: 406
Merit: 256
August 04, 2017, 05:44:30 AM
I can't even compare these currencies. Bitcoin is a proven crypto currency №1 in the world. Bitcoin cash is a new product on the market trying to earn dividends on that uses the name of bitcoin. I do not believe that this project will exist for a long time and probably all who think that he will repeat the fate of bitcoin is wrong.
legendary
Activity: 1218
Merit: 1000
August 04, 2017, 05:37:21 AM
Well, I think bitcoin cash is not stable yet. Although the price is high, but I think it's only temporary. Well, of course bitcoin is better. Even etherium is still better than bitcoin cash in terms of usefulness.
legendary
Activity: 3514
Merit: 1280
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August 04, 2017, 05:34:28 AM
lets wait and see how the things progress: the first notable sign will be
the difficulty chnage,once there is the adjustment,there could be shifts in hashing power
much will depend if it is profitable to mine BCH at that point,then difficulty will adjust more
and,suddenly,there could be miners,aside from Viabtc,who would want to mine BCC instead of BTC
too early to tell,but at the moment,the price is steadily dropping to 0.11 btc/bcc and there are no signs for it to go up back to 0.15 or higher

The emphasized part looks particularly suspicious

Basically, I see no point in mining a coin which is going to bite the dust no matter how low its difficulty goes. If what you say and assume were true indeed, miners would be mining shit coins. But since it is economically meaningless, no one is actually mining them. Many people seem to forget that Bitcoin Cash is no longer related to original Bitcoin (they have common past, but not present and still less future), while the rules which are applicable to mining any coin didn't magically change in respect to this coin specifically. It may take some time till people get used to this new old reality

it takes Bitmain to introduce some special "BCC asic boost" or declare full support for the coin
and miners could switch,not saying they would,but there is a chance
so I'm watching it,even if its market capitalisation is third at the moment-deserves some attention
many will be decided after the initial dump and the difficulty adjustment(s) ,so lets wait and see

Bitcoin China Coin seems to have lost already

It didn't get support from buyers, but that's what ultimately counts (and miners are very well familiar with that). In this manner, it doesn't matter altogether if Bitmain and their minions fully switch to mining this Bitcoin Trash. Basically, they will be shooting themselves in the foot and letting other miners (which will continue to mine the regular Bitcoin) to earn the profits that they voluntarily gave up. Why would they want that if Bitcoin Cash seems to have failed already? I don't see any viable reason why people would ever want to invest in it
legendary
Activity: 2016
Merit: 1107
August 04, 2017, 04:37:38 AM
lets wait and see how the things progress: the first notable sign will be
the difficulty chnage,once there is the adjustment,there could be shifts in hashing power
much will depend if it is profitable to mine BCH at that point,then difficulty will adjust more
and,suddenly,there could be miners,aside from Viabtc,who would want to mine BCC instead of BTC
too early to tell,but at the moment,the price is steadily dropping to 0.11 btc/bcc and there are no signs for it to go up back to 0.15 or higher

The emphasized part looks particularly suspicious

Basically, I see no point in mining a coin which is going to bite the dust no matter how low its difficulty goes. If what you say and assume were true indeed, miners would be mining shit coins. But since it is economically meaningless, no one is actually mining them. Many people seem to forget that Bitcoin Cash is no longer related to original Bitcoin (they have common past, but not present and still less future), while the rules which are applicable to mining any coin didn't magically change in respect to this coin specifically. It may take some time till people get used to this new old reality

it takes Bitmain to introduce some special "BCC asic boost" or declare full support for the coin
and miners could switch,not saying they would,but there is a chance
so I'm watching it,even if its market capitalisation is third at the moment-deserves some attention
many will be decided after the initial dump and the difficulty adjustment(s) ,so lets wait and see
sr. member
Activity: 317
Merit: 250
August 04, 2017, 03:51:39 AM
I think Bitcoin cash has a lot of potential and it will grow in very less time. You can expect Bitcoin cash near 2000$ within 6 months so i think it is good investment option. A person should keep a part of his money in BTC cash and a part in BTC.
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