Topic: Bitcoin vs Bitcoin Cash - page 56. (Read 31835 times)

When it comes to speed and price for Bitcoin vs Bitcoin Cash, Bitcoin Cash has an advantage over Bitcoin. It is becoming extremely popular among users and has been increasing in value even since its introduction. But like Bitcoin, it has its share of problems. The increased block size could have a centralizing effect and reduce the attack resistance of the network. Bitcoin hasn’t been around for long, so we’ll have to wait until it sees more daily transactions to find out if that will actually happen.
So in comparing Bitcoin vs Bitcoin Cash, the truth is Bitcoin Cash is not better or worse than Bitcoin. It’s just different. The two can co-exist on the market, along with many other cryptocurrencies including Ripple and Ethereum, to name a few. But the important thing to remember is that despite having similar names, they are two entirely separate currencies.

It's just another mineable altcoin, I remember few months ago when there was a huge price increase in bitcoin cash a lot of miners suddenly moved to mining bitcoin cash for a day or two after that bitcoin transactions started piling up. I guess it's all about money nowadays.


Even with bigger block size limit people still prefer bitcoin over bitcoin cash. The only thing I see bitcoin cash becomes useful for is when you want to buy a mining rig from bitmain since it's the only crypto they accept afaik.

Rather than bitcoin cash, I am prefer choosing bitcoin. Bitcoin as marker leader have big volume and its more liquid. Beside that, many expert said that bitcoin will become common currency in internet for transaction

Bitcoin Cash was created with the purpose of "redivision of spheres" of influence and changes of some principles of infrastructure operation in the world of crypto currency. In the future, the original bitcoin will develop faster than fork.

I have to agree with this based on evidence available so far. I see no reason why Bitcoin will be dethroned any time soon and cannot see Bitcoin Cash holding much capital because most BCH holders received them for free because they had Bitcon during the fork, sooner or later they will cash in or exchange them for Bitcoin.

bitcoin still the best
all crypto curency include BCH(bitcoin cash), is never above bitcoin about volume transaction and price

Bitcoin is the obvious winner in this debate. There isn't even a debate if you ask me. There really isn't much use for bitcoin cash as there is for bitcoin. bitcoin cash is just a way for the developers to make some quick money.

Thank you for your information, I will give some more information about this
By Jake Frankenfield | Updated February 1, 2018 — 6:00 AM EST
 
Since its inception, there have been questions surrounding Bitcoin’s ability to scale effectively. Bitcoin is a cryptocurrency that exists within a network of computers, within the blockchain. This is revolutionary ledger-recording technology. It makes ledgers far more difficult to manipulate for a couple of reasons: The reality of what has transpired is verified by majority rule, not by an individual actor. And this network is decentralized; it exists on computers all over the world.

The problem with this technology is that it’s slow. Like, really slow, especially in comparison to banks that deal with credit card transactions. Visa processes 150 million transactions per day, averaging out to roughly 1,700 transactions per second. And their capability far surpasses that, at 24,000 transactions per second.

How many transactions can the Bitcoin network process per second? Seven. Transactions take about 10 minutes to process. And as the network of Bitcoin users grows, waiting times will get longer, because there are more transactions to process without a change in the underlying technology that processes them.

The latest debates around Bitcoin’s technology have been concerned with this central problem of scaling and increasing the speed of the transaction verification process. There are two major solutions to this problem, either to make the amount of data that need to be verified in each block smaller, making transactions faster and cheaper or to make the blocks of data bigger, so that more information can be processed at one time. 

*** The Difference Between Bitcoin and Bitcoin Cash
In mid July 2017, mining pools and companies representing roughly 80% to 90% of Bitcoin computing power voted to incorporate a technology known as a segregated witness, called SegWit2x. SegWit2x makes the amount of data that needs to be verified in each block smaller, by removing signature data from the block of data that needs to be processed in each transaction, and having it attached in an extended block. Signature data has been estimated to account for up to 65% of data processed in each block, so this is not an insignificant technological shift. Talk of doubling the size of blocks from 1mb to 2mb in November has ramped up, and is expected. This would also go some ways in improving Bitcoin’s scalability. In mid-October, Bitcoin scientists from Bitcoin Unlimited revealed they had mined the world's first 1GB block, 1,000 times bigger than the normal size.

Bitcoin Cash is a different story. Bitcoin Cash was started by Bitcoin miners and developers equally concerned with the future of the cryptocurrency, and its ability to scale effectively. These individuals had their reservations about the adoption of a segregated witness technology, though. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto, the anonymous party that first proposed the blockchain technology behind cryptocurrency. Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency.

On August 1st, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: Bitcoin Cash. Bitcoin Cash has implemented an increased block size of 8mb, to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it. This has raised concerns about the security of Bitcoin Cash.

(For more on cryptocurrency, read: Does Crypto Have Intrinsic Value? It Depends (https://www.investopedia.com/news/does-crypto-have-intrinsic-value-bitcoin-ethereum/)

It might be impossible for now, Bitcoin Cash came from Bitcoin, it might be used as an alternative in making transactions but not to the point that it will surpass BTC unless BTC been too expensive again and Bitcoin Cash will show the ability to rise in value like BTC did before,then bitcoin cash can be noticed easily.

Bitcoin Cash has an advantage over BTC in terms of transfer speed and transfer fees!

With the development of Bitcoin Cash, it may be possible for Bitcoin Cash to overtake Bitcoin as the dominant currency.

Though these two are under a same family, it would have a its own competition with other coins. As BCH value is higher than other top 5 coins, bitcoin would still drive it to be the top ones amongst all other top currencies. I have been watching bitcoincash value for past two months. It has been healthy and strong.

The whole poorhouse of Bitcoin cash was to continue the road map set when bitcoin was first created, and that is by making "on-chain scaling" to allow the global adaptation of bitcoin, all these false promises made got people so hyped up so they started holding and buying bitcoin as much they can, thinking after the launch the price will go skyrocketing, but it was just another disappointment that they used to gain more money, in fact it made it worse, after the fork the transactions started becoming slower and miner fees got to crazy numbers, making using bitcoin for any thing nearly impossible.

I fail to see what was to be gained by creating BCH. There was no need to dilute the crypto world more with more forks. This was one coin we could have done without but those holding it for free after the fork are happy as they have money for nothing.

of course I would choose bitcoin instead of choosing bitcoincash because I think bitcoin cash is a little less than the maximum and never seems to be able to compete with even the price of bitcoin.

If Bitcoin Cash had some revolutionary feature, maybe it could overtake bitcoin. But now because of its huge recognizability, I think bitcoin will always be ahead.

Every digital currency that we using fall under the same category, when it comes to bitcoin and bitcoin cash the value and global usage varies. Another thing bitcoin cash is just a fork of the bitcoin and this has made bitcoin cash more popular among the entire list of cryptocurrency users.

This I have to agree with. Whales amongst them the ones mentioned above have tried to push BCH but to be honest there was no need for it and their case for making seems on the surface somewhat about greed rather than about community and clarity.

In civilized world this kind of "marketing strategies"  is usually called a scam. These guys literally spammed the BTC network in order to increase the amount of unconfirmed transactions and at the same time spreaded lots of FUD saying that Bitcoin is dead. This was an obvious lie that aimed to mislead the emotional and naive users. They did everything to avoid the competition and get their coin pumped on fake panic.

It was mostly because people with big megaphones like Roger Ver promoted it, otherwise it would have never happened.

He and Jihan Wu got deep pockets and are trying to buy all the social media to promote BCash. Bitcoin . com is promoting BCash as being Bitcoin nonstop. He also bought the @Bitcoin twitter handle, and he also bought many big youtubers like Jeff Berwick and Mike Maloney to promote the thing. He's also got /r/btc reddit and hates how he doesn't control /r/bitcoin to push his narrative. He is insane.

The only technical reason that they argumented are:

1) Bitcoin can grow infinitely without a blocksize cap and not end up centralized (delusional bullshit)
2) Segwit poses risk on Bitcoin (debatable)

That's all.