Topic: Bitcoin vs Bitcoin Cash - page 57. (Read 31835 times)
Some few months ago we were having this same questions almost every day but since we enter into bearish market many people has forget to be posting all those comments now and what is trending now is the current price drop. I have been trying to said that we have two coins in existence and that is bitcoin core and others cryptocurrency. Bitcoin is not in competition with any of them including bitcoin Cash and u think bitcoin and blockchain technology is the structure of cryptocurrencies.
I wonder if Winklevoss twins, Roger Ver and other whales sold their BCH. Does anyone know?
No one knows. After the hardwork of Roger Ver of shilling BCH, now he's been quiet so this can be a sign that he might sold his BCH now and the only whale that had left to have BCH are now the Chinese players. I don't know anything about the Winklevoss twins but they have surely took profit with it already and transfer that profit to bitcoin.
Bitcoin Cash is a result of a prolonged disagreement on how to handle the bitcoin transaction capacity. The founders and community of Bitcoin Cash don’t agree with the idea of separating the signatures from the transaction (Segregated Witness). They thought this was a “hack”. Instead, they proposed a system with a block size of 8MB. They also changed the way signatures were used to better suit specific types of hardware used to store bitcoin. The new Bitcoin Cash implemented replay protection and other measures to create a hard wall between the Bitcoin Cash fork and Bitcoin, meaning transactions could only be conducted within the fork and not across networks. The two currencies share a common history up until August 1, 2017, but thereafter they are completely separate.
There was a very interesting debate about it between Jameson Lopp and Roger Ver in Tom Woods Show. I highly recommend listening to it: https://tomwoods.com/ep-1064-the-debate-within-bitcoin-jameson-lopp-vs-roger-ver-on-bitcoin-and-bitcoin-cash/
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash?
I'd like to believe that the point was to go in a different direction as far as scaling is concerned. As you know, Bitcoin Cash is spurning sidechains, and instead went to the big block route. I'm fairly sure there are different motivations at play though, with some probably even outweighing the scaling reasoning. It's an interesting project, but I don't like how they market it.
I believe Bitcoin will be the last coin standing simply because I believe in sidechains' potential, but I guess we'll never really know until we could get to the point where we could say for certain that a scaling solution is better than the other.
BCH was pointless from the very begining. It was created in order to spread FUD while spamming the original network. Bitcoin Cash devs claim that it was created to remove bitcoin's disadvantages but:
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.
It was just a marketing strategy of bitcoin cash founder. He spread a lot of positive of bitcoin cash to the crypto industry and promote his project buy making a negative news in bitcoin. For me, it was really a desperate move of bitcoin cash. We can't deny that BCH is also good but it cannot be reliable in a long run. And I am agree with you that BCH is useless in the future. 1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.
It was never going to come close to threatening BTC, it was a short term
solution to bitcoins high fees and slow transaction times. Its giing to fade
after segwit and lightning get fully deployed.
solution to bitcoins high fees and slow transaction times. Its giing to fade
after segwit and lightning get fully deployed.
Agreed, it seems BCH will fail in the long term
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. This means that the "big brother" will be a more attractive object for investors than Bitcoin Cash for a long time. It is unprofitable to mine this crypto currency, because the complexity of the network is the same like Bitcoin`s, but the reward is less.
To me it seems Bitcoin was always going to come out on top of that battle
It was always Bitcoin's battle to win as Bitcoin Cash and other fork pushers were literally caught red handed flooding the memory pool with thousands of transactions. Calling out scalability and fee issues while being the main reason for the latter themselves, they turned out to be nothing less than criminals.
so why did those whales pushing for the fork really do it and create Bitcoin Cash?
Isn't it quite obvious at this point? Free money for the whales, receiving 1:1 at the time of the hard fork and selling it for thousands later on. It would always be a win-win situation for the whales, going hand in hand with the Bitcoin Cash team.
Well, you can be sure that they made enough money from bitcoin cash.
They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy.
Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy.
Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
I never knew Chinese whales are controlling BCH.
I wonder if Winklevoss twins, Roger Ver and other whales sold their BCH. Does anyone know?
BCH was pointless from the very begining. It was created in order to spread FUD while spamming the original network. Bitcoin Cash devs claim that it was created to remove bitcoin's disadvantages but:
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.
It was never going to come close to threatening BTC, it was a short term
solution to bitcoins high fees and slow transaction times. Its giing to fade
after segwit and lightning get fully deployed.
solution to bitcoins high fees and slow transaction times. Its giing to fade
after segwit and lightning get fully deployed.
Well, you can be sure that they made enough money from bitcoin cash.
They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy.
Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy.
Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:
Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000
Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000
Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
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