Topic: Bitcoin vs Bitcoin Cash - page 53. (Read 31805 times)

I don't find a valid reason to make a comparison between bitcoin and bitcoin cash. If there is no bitcoin we could have never known about bitcoin cash. Bitcoin cash evolved as an altcoin from forking, but it became more popular with the splitting from the main chain of bitcoin. Else, it could have served same as other altcoins available in the market.

If Bitcoin Cash was created to make transactions cheaper then why did the whales not work with the whole community to create a fork to modify it and keep a single coin? Why use idealogical differences as an excuse to disrupt the community by creating a competing challenging coin?

I think it was never going to come true closer to threat btc, it was only too short time solution to avoid high fees and slow transactions of btc

it's hard, too, actually I prefer bitcoin cash because its block capacity is bigger so it makes transaction cost cheaper, actually this is what i want from bitcoin cheaper and faster transaction, if it can be cheaper and faster from system currently used by a conventional bank. but bitcoin is the mother of any cryptocurency, I hope there is a deal to enlarge the current block, maybe most miners will object, but I think that is what needs to be done to return bitcoin as a quick, easy and safe financial transaction tool

Nicely put. Having purchased "bitcoin.com" years ago to directly challenge "bitcoin.org" to try and influence the path forward simply because the whales had thousands of Bitcoin. Failing in that they added along with fancy slogans a host of PR in an attempt to take over the Bitcoin project by replacing it with Bitcoin Cash. Their exercise failed.

I have no interest in the politics between the BTC and BCH camps but I can safely say it seems Bitcoin Cash was created as a deliberate act to destroy and hijack Bitcoin under the guise of "we are doing it for Satoshi and his real vision for the sake of saving Bitcoin and helping the community".

Bitcoin Cash could have been a revolutionary innovation to maybe even succeed Bitcoin in the long run but in the end it seems a cheap immitation by a group of power-grabbing power-hungry greedy profit seeking whales who wanted to be in total control of the coin that would take over from Bitcoin at all costs. They failed in an opportunity to bring something special to the table for the sake of the community but in the end their desire to destroy Bitcoin and the team behind Bitcoin was the real driving force along with free coins from the fork that drove the whales to create Bitcoin Cash.

Bitcoin Cash is nothing more or less than any other crypto out there, it has not and probably will not touch Bitcoin.

Bitcoin Cash was created in 2017 because the minority of miners didn't approve a deploying SegWit technology in the blockchain. In such a way they kept the blockchain of Bitcoin with no significant changes. As a result, this technology wasn't very useful indeed. BCH has no famous brand, and now they consider BTC as a fork and struggle for the name "real" Bitcoin.

I think bitcoin cash was created to have an alternative for bitcoin. We all know that bitcoin doesn't need an alternative but if you look at the market before, the more products they offer, the better. I think there will be a time were bitcoin cash will suddenly drop because of the low demand. Bitcoin will definitely do something to prevent this from happening but for some reason I think this will happen.

If I may add, those Lutherans was just confined around Germany, Austria (if my memory serves me right) and didn't gain enough traction from the Catholic community, maybe they swayed a few but Catholics remain the dominant religious group throughout centuries and Lutherans didn't took off as expected.

Similar to what we are seeing today, after the split there was an attempt by BCH fanboys to overthrow Bitcoin, with negative attacks and spamming the bitcoin network, but they didn't succeed. Community knows better who are behind Bitcoin Cash, all greedy individuals who are trying to portray Bitcoin Cash as the new Bitcoin, but what happened? no support from our community. Just like what we have witnessed during the religious schism in the 15th-16th century.

The technology behind Bitcoin Cash it literary different from that of Bitcoin if am not mistaken but out of greed so group of people came together with the idea of desperation from Bitcoin which happen to be the Father of crypto currency. And you can see for your self from your analysis above that there was no serious reason what so ever to have created Bitcoin Cash.

When you put it that way the similarities are stark but there is a fundamental difference  

As it stands Bitcoin Cash is hanging on in there but has not even slightly dented Bitcoin or the enthusiasm surrounding it. If the whales were to create a fork from Bitcoin with a view to helping the community long term then Bitcoin Cash should have been pushed through with a clearer and stronger mandate with advanced attributes not possessed by Bitcoin. Just the desire to show the Bitcoin Board (as you put it) that they could fork and create a new coin was never going to be enough. It seems the Bitcoin Cash creators always had an ulterior motive which was to reap financial benefits that fork would bring but would never part with their Bitcoin regardless. If they really believed in Bitcoin Cash those whales would have got rid of the Bitcoin and that is the fundamental difference between the two scenarios because both those Christian denominations followed their own religious edicts after the split without weaving in and out of each others' teachings and without holding on to the cloth of the other group just in case they needed jump ship and follow the other group.

In this case people who gained Bitcoin Cash as a result of the fork should sell all their Bitcoin and hold their Bitcoin Cash till their hearts content, that is if they actually believe in what they preach. Those holding Bitcoin who did not want the fork but received Bitcoin Cash should by all means sell them and follow the yellow brick road to Oz via Bitcoin.

The more you think about it, the more appropriate it becomes as an analogy. Both sides are rather zealous in their representations that they and only they are the true adherents to the original vision of the idea (either Christianity in this example, or the concept of Bitcoin and Satoshi's original vision where Satoshi is practically a prophet), and both sides spend a great deal of time and energy trying to convert people to their side and vilifying the other side as heretics who are corrupting a pure idea for their own gain. In Christianity, it was the Catholic Church that lost its way and was corrupted and in crypto, it's Bitcoin's Board that refuses to address the block size. The spam attack on the BTC blockchain to try and make it unusable is practically a holy war to try and force people into converting to BCH. The way people behave in both religion and the crypto schism between BTC and BCH, from the self-righteous attitudes they take in regards to the other side to the vilifying or attempts to harm the other system, are strikingly similar.

Great analogy mixing religious theology along with technological advances. Brilliant way to study the situation between the religious fork and the crypto fork 

How can you be so sure BCH will be second to BTC in a years time?

Bitcoin is always best as compared to  Bitcoin cash.In a year, we can expect huge raise in the price of bitcoin cash.Bitcoin had good support in the crypto currency market.Now the price of bitcoin cash is on the second place next to bitcoin.

The point, as far as I understand it, was to make a more functional version of Bitcoin. Remember, the community was paralyzed with unreasonable transaction fees for over a year and there was consistently a backlog of hundreds of thousands of unconfirmed transactions. The block size was increasingly being viewed as inadequate to scale Bitcoin to an expanding user base (and probably still isn't, btw), and the people behind the split were seeking to address this rather than continue in the malaise since it was becoming increasingly clear that Bitcoin's leadership was unwilling or unable (and same difference, really) to institute changes that would keep Bitcoin competitive in the crypto space. It very much felt like the first mover advantage was being squandered and that Bitcoin could eventually fade to irrelevance, and the splitters sought to take corrective action. Whether or not any of that was accomplished or the motives remained pure after the split is another discussion entirely, but at the point of the split, there were entirely logical reasons for it.

What I find interesting is that the split parallels the religious split of the Lutherans from the Catholics (to use a somewhat obscure in this context but totally relevant historical analogy). The Lutherans believed the Catholic church was rife with corruption and special interests for selling indulgences to forgive sins, and believed that splitting from the church and creating their own version of the religion that was more pure and true to the original point of the church was the only way to save their own souls. Essentially, Bitcoin Cash was making the same argument- that splitting and adhering to Satoshi's original vision (which included increasing the block size) was the only way to save Bitcoin. To put it another way, Lutherans were the first hard fork.

This is one of the best comments, thank you.

As you pointed out, at least ETH has something innovative to offer and was a direct evolution in the crypto sphere whereas so many others are simply clones of Bitcoin. In the event of Bitcoin Cash I agree with you that it does seem opportunistic by the whales for money grabbing.

likewise mate. I also preferred to invest both because its performance which is like what bitcoin and eth performance last last month . That's why i believe that both has a potential on this year and has tend to increase at the same time. So for sure there will be a good return soon when both rocketed .

actually we can see its current potential. of course bitcoin is still better than bitcoin cash. although bitcoin cash is still often used for trading purposes, but in the end, bitcoin will be something better than bitcoin cash.

Despite some predictions Bitcoin Cash has survived. For now. The question is how long and how successful will last.
But if you ask me Bitcoin is still the first and the best choice and Bitcoin Cash has no chance against it. Many more successful coins don't have chance against Bitcoin and Bitcoin Cash is not even close.

I guess that's what makes crypto "unique" at the moment with it's unregulated nature. A group of people can create new coins if they have "ideological" differences. It was the same with ETH coming to rival Bitcoin. But with BTC and BCH, I think it was just an opportunity for more money grabbing, as compared to ETH which was for actually product development.