Topic: Bitcoin vs Bitcoin Cash (Read 2529 times)

Agree! Good point! Bitcoin is to be the reigning king of cryptocurrency!

Can we please stop this endless stream of bullshit? Segwit didn't turn Litecoin into a settlement layer and it won't turn Bitcoin into one either.

Instead of cut and pasting nonsense, why not spend a few hours to learn how it works instead? The word "segregated" comes from the change of an underlying data structure, which is done to the data that make sense to include in the transaction hash is actually included in it. It does absolutely nothing to turn Bitcoin into a settlement layer, nor does it make the signatures disappear, nor does it do any of the other crazy stuff people show up out of nowhere to suggest.

But that name alone seems to act as a magnet for people with more opinions than clues. Next time, let somebody else pick a name, ok..?

I've been seeing a lot of misconceptions about both Bitcoin Core and Bitcoin Cash, so I'd like to explain the differences in the most unbiased way I possibly can to help those out who don't quite understand:

Bitcoin Cash was forked from Bitcoin Core because it's developers disagreed with the upcoming addition of Segregated Witness 2x (SegWit2x). There are many concerns regarding SegWit2x, including signatures are separated, transactions are taken off the chain, etc. However, the biggest concern with SegWit is that it has changed Bitcoin's direction. Instead of Bitcoin on the track to becoming an everyday currency, SegWit puts it on a track to become a sort of 'settlement layer'. This means that Bitcoin Core could end up being primarily used to settle net transfers between banks. Many people oppose this, hence the creation of Bitcoin Cash, which tries to stick with the path set by Satoshi's original vision.

However, the bigger picture as to why many feel that a fork is necessary is because of Blockstream's influence over the Bitcoin Core development team, which has lead to mass censorship and a smaller voice of the community. 

Bitcoin Cash does, of course, have plenty of problems as well. The lack of mining support by bigger bitcoin mining companies means that it currently has a vulnerable infrastructure, although this could easily change in the future. What doesn't look like it will change any time soon, however, will be how Bitcoin Cash is more vulnerable to a malleability attack. SegWit removes the malleability of transactions, giving Bitcoin Core an edge. However, at the end of the day, malleability attacks affect a small amount of individuals, and are more of a nuisance than a very serious vulnerability.

I did say that I would be as unbiased as possible, however, you could probably tell from this post that I lean towards Bitcoin Cash a bit more than I do Bitcoin Core.

At the moment, Bitcoin cash is worse off than Bitcoin. There are many factors for this. First of all, Bitcoin is the pioneer of cryptocurrencies and is highly established. Moreover, unlike Bitcoin cash, Bitcoin can actually be used by people. In other words, it is not an altcoin like Bitcoin Cash. Yeah, the name is misleading - “Cash”. It’s is not really a currency.

Moreover, if you look at a list of cryptocurrency market caps, you can see that Bitcoin Cash is not doing very well. https://coinmarketcap.com/
It fell sharply and such a rate is continuing. I suspect that it will soon be below Litecoin too. And if that happens, well its generalisation as an altcoin would be an accurate one.

This is very hot topic today. I saw the two separate Bitcoin & Bitcoin Cash in the coin market today.
Amazing! After the split, it double the number of your bitcoins. So blessed Bitcoin holders!
We also have many questions about that two. We are waiting for local translations for us to understand fully the explainations between the two separate coins.

right now BCC is just an altcoin , bitcoin with segwit is the best than BCC , and i think it will never last for long here , even tho it has greater and bigger value than bitcoin , and im always on bitcoin , bcc is not yet trusted

Bitcoin is a digital currency that is not tied to a bank and also allow user to spend anonymously while a Bitcoin cash is an alternative version of bitcoin, it is a seperate block chain that bumps up the block size up to 8mb and also Bitcoin cash is another forked off bitcoin. Bitcoin cash is also a peer to peer electronic cash for the net with no trusted third parties to operate.

still need to see what's going on with BCC, 5 hours without a block is not fun.

That's why many similar topic like this create by newbie with comparing nonsense, it could be somehow to make issuing panic sell and coming another discount day
1 August is done, nothing hard happened, everything controlled as well.
But maybe for some people seeking bitcoins stable price is not good enough.

Sure, but I suspect 0.30 will look like a great deal even then. That's ten times the value of LTC, which actually has use. So far this amounts to one pool's own token, and looking at the hash rate it doesn't seem like they will want to prop it up for long.

Even in the unlikely case the exchange rate doubled that seems like a high risk moderate reward scenario.

This is 2 different coins from the hard fork results, bitcoin cash was born August 1st or 2 days ago, of course the oldest is bitcoin while bitcoin cash is half brother, I think the effect is the same, now all the wallet there are 2 choices of bitcoin or bitcoin cash.

Can not you pass this wave to not risk your coins? It seems to me that the fall is still not over, but at the same time, everyone understands that their growth will be very fast. Perhaps already at the end of the year we will see new highs on the stock exchange.

Surprise: A new Altcoin won't easily beat Bitcoin. Stop the press!

No kidding. I got desperate to find a working exchange when the price closed in on 0.30. But hey, free money, right? One shouldn't be too greedy.

Have you tried withdrawing BTC? Did it work? It seems some people tried ViaBTC but they doesn't seem to honor withdrawals right now.

I can't seem to find the exchange rates. Is it the one trading as BCC? I thought everyone had settled on BCH as the ticker.

What is the difference between bitcoin in bitcoin cash? And what is the effect of bitcoin on bitcoin cash?

Bitcoin far superior than bitcoin cash currently. I don't know who is gonna support this bch at all. Maybe it was only done for crypto speculation. It was just "getting free coins" for lot of people.

Bull shit,nobody mine bcc,you cant transfer bcc,bcc was done for speculation only

Ok, already found HitBTC is with working wallet...

Just check the prices, around 0,05 BTC

Looks like when all exchanges open, big drop will happen

Hello,
                                                 
Anyone knows if there is an exchange with open wallet for Bitcoin Cash?  Any news when it will occur?

For what changes are done i believe that it has a good reason they have plan for why they do that. Waiting for what will happen it would be help. Stop worrying for what will happen.