BTC and BCC vs. ETH and ETC - page 2.

ChironRegera

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Quote from: ekstremista on July 29, 2017, 09:45:09 PM

When the ethereum fork happened, Coinbase credited their customers with an amount of ETC equal to their ETH held at the time. ETC was under $1 then, but got to over $20 and now sits at around $14. That makes it nontrivial money given to you for nothing. If you had, say, 100 ETH, you'd have around $1400 worth of ETC right about now.

When the bitcoin fork happens, is something like this likely to happen as well? Could BCC similarly appreciate in price?

I don't have a crystal ball, but shouldn't everybody and his uncle be making sure they get whatever BCC is due them?

Moreover, I just don't quite get Coinbase vs. Kraken on this. Coinbase says that they will give you no BCC, while Kraken will give you your BCC. What's wrong with this picture? If BCC appreciates like ETC, won't people be shooting themselves over having missed the chance to get their free BCC that was due them?

It's really quite simple. If you leave your bitcoins with Coinbase when the fork happens, they're going to keep all the Bitcoin Cash for themselves

ekstremista

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Quote from: ss890 on July 29, 2017, 10:25:39 PM

To be honest it wouldn't be beneficial this time to give away equal amount of BCC. It was okay with ETH and the classic one because the price was very low. Just imagine even if split occurs on the scale if 90/10 then also the wallet will need to give away $250 for each BTC that is held by users. Wow, that won't be profitable man.

But is that how it works? I thought it cost Coinbase nothing to give away the ETC, since the fork basically converted every ETH coin into one ETH and one ETC. The ETC was created out of nothing and was completely free (aside from the extra work Coinbase had to do to enable ETC payouts).

Similarly, the bitcoin fork will convert each BTC into one BTC and one BCC. Coinbase claims that they won't keep the BCC, so what happens to it?

BitcoinHodler

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the only thing that BTC/BCC and ETH/ETC share is one word called "hard fork" nothing else!

the hard fork is not even on the same level. ETH hard forked to roll back their serious exploited bug and recover their funds and because of that it left behind ETC.

BCC is forking because they want to attack bitcoin and take over.

HeRetiK

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In my opinion the ETC hardfork was much more justified than the current BCC split. BCC feels more like a cash grab to me. Not that that ever stopped an alt from growing.

Quote from: ekstremista on July 30, 2017, 01:42:03 AM

The thing is, ETC stayed under $1 for a good long while, then rocketed up to $20 and beyond for no apparent reason. Most players had expected it simply to fade and go away, it would seem, but it's still going relatively strong. Who's to say that BCC won't follow a similar path? Indeed, maybe BCC will confound all expectations and become the dominant coin.

ETC may have grown from a fiat perspective, but relative to ETH it has rather stagnated. BCC may also see huge fiat push, but that doesn't count much if BCC falls relative to BTC.

talkbitcoin

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just be careful that your greed doesn't blind you!
trust is a very hard thing in bitcoin world and in order to be able to spend your new airdrops you need to download their wallet software, and like any new altcoin that comes out you must be extra careful about it.

if you lose your bitcoins because of using their buggy client nobody will compensate you. they will say it was a bug we can't do nothing for you!!

lonelygrimm

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I think they won't to credit their customers because there is many considerations, the number of their customers is really huge, it will require lots of system resource or maybe they just don't want to support that fork. I know they can't hold our opportunity to get something that everybody will obtain but if we using service from a company, we must acccept their TOS that means we agree with their decision, if you disagree with them, so you can just stop from their service, it's easy

BTCbengi

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Quote from: ekstremista on July 29, 2017, 09:45:09 PM

When the ethereum fork happened, Coinbase credited their customers with an amount of ETC equal to their ETH held at the time. ETC was under $1 then, but got to over $20 and now sits at around $14. That makes it nontrivial money given to you for nothing. If you had, say, 100 ETH, you'd have around $1400 worth of ETC right about now.

When the bitcoin fork happens, is something like this likely to happen as well? Could BCC similarly appreciate in price?

I don't have a crystal ball, but shouldn't everybody and his uncle be making sure they get whatever BCC is due them?

Moreover, I just don't quite get Coinbase vs. Kraken on this. Coinbase says that they will give you no BCC, while Kraken will give you your BCC. What's wrong with this picture? If BCC appreciates like ETC, won't people be shooting themselves over having missed the chance to get their free BCC that was due them?

I have the same thoughts with you. In the future, BCC will also develop. This has been predicted by many people so the BCC purchase now is wise

timerland

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Well, no matter whether BCC appreciates or not i think that anyone should grab this opportunity to get some free money. Really doesn't make sense if you have an opportunity to get some free cash even if you don't support it(you can always sell it off for the token you support). So therefore storing any amount on coinbase before the fork would be just plain stupidity in my opinion.

There is a big difference between ETC and BCC though, ETC is actually as a result of the Ethereum chain being manipulated simply because a hacker got hold of some Ethereum. BCC brings nothing morally right to the table, at least imo.

Either way, do whatever you want but please, please, do not store anything on an exchange even if they promise to pay you out. Promises are promises. Private key is the real deal.

Francis Freeman

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Quote from: ss890 on July 29, 2017, 10:25:39 PM

To be honest it wouldn't be beneficial this time to give away equal amount of BCC. It was okay with ETH and the classic one because the price was very low. Just imagine even if split occurs on the scale if 90/10 then also the wallet will need to give away $250 for each BTC that is held by users. Wow, that won't be profitable man. And who knows the future? What if bitcoin fell and BCC rise? That would be complete loss for end users. Seems to be very critical if splitted and cash is redistributed.

I agree with your opinion. Ethereum value was very low at that time. Also, Ethereum hard fork had different reasons and was basically decided by its founder.

I think the future in crypto-coins cannot be forecast so easily. Bitcoin Cash can disappear in a very short period of time, but it could also have a long life and become more valuable than many other altcoins. Let's see what's happening...

kryptqnick

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Before reading posts in this thread I thought that etc was earlier than eth which made it classic, actually. I hope no fork awaits us in a couple of days but if it does I guess it's up to websites where people stored money to decide whether they give them other coins or not.

Quote from: qzpm on July 30, 2017, 02:48:49 AM

I do not know yet whether BBC and BTC are one owner?
If ETH and ETC have obviously owned one owner, but between the BBC and BTC there is no clear info on this

If you mean two potential currencies which result from bitcoin split than I guess it's obvious that Satoshi is quite responsible for both. Some right on the new coin may belong to those coders who got segwit implemented. And yet it doesn't mean much anyway, for there is no such thing as a currency owner in such a case, I guess.

qzpm

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I do not know yet whether BBC and BTC are one owner?
If ETH and ETC have obviously owned one owner, but between the BBC and BTC there is no clear info on this

ekstremista

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The thing is, ETC stayed under $1 for a good long while, then rocketed up to $20 and beyond for no apparent reason. Most players had expected it simply to fade and go away, it would seem, but it's still going relatively strong. Who's to say that BCC won't follow a similar path? Indeed, maybe BCC will confound all expectations and become the dominant coin.

In this entire space, who's to say (correctly)? Naysayers will say "nay" and pundits will pund, but in the end, no one knows what to expect at this point.

pooya87

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Quote from: aso118 on July 30, 2017, 12:05:08 AM

Quote from: pooya87 on July 29, 2017, 10:32:35 PM

BCC is an altcoin and like any other altcoin it can easily be pump and dumped because of much smaller market and very low demand. and we all know people behind it like Roger Ver have a lot of money and can easily manipulate the market to earn more money from pump and dumping it.

Even if that is the case, there is no reason why exchanges shouldn't credit their users with BCC equivalent to the amount of BTC they hold. If Coinbase tells you they will give you no BCC, you should ensure that there are no bitcoins lying with Coinbase on August 1.

exchanges, like anybody else, are free to choose to do whatever they like to do. and as long as they are transparent and honest about it, i don't see any problems with that. it is a lot of work to add a new wallet for a new coin to your service and it takes up a lot of your system resources. not to mention crediting each user is also a lot of work.
and you as a user are also free to choose to stop using their services if you are not happy with their decisions.

illyiller

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Quote from: ekstremista on July 29, 2017, 09:45:09 PM

When the bitcoin fork happens, is something like this likely to happen as well? Could BCC similarly appreciate in price?

I don't have a crystal ball, but shouldn't everybody and his uncle be making sure they get whatever BCC is due them?

Sure, BCC might appreciate in price, like any other alt coin. The thing is, with ETH/ETC, the overall market cap dropped significantly--something like 40%. Any significant network split should in theory cause a loss of value for both networks. It's really difficult to predict future demand for Bitcoin Cash, but it seems that exchanges have indeed received interest from their customers.

Just make sure you're careful about splitting your coins. Last I heard a couple days ago, there was no mandatory replay protection in BCC clients. I'm sure many bitcoin holders will try to access their BCC, and will lose bitcoins in the process of moving them.

aso118

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Quote from: pooya87 on July 29, 2017, 10:32:35 PM

BCC is an altcoin and like any other altcoin it can easily be pump and dumped because of much smaller market and very low demand. and we all know people behind it like Roger Ver have a lot of money and can easily manipulate the market to earn more money from pump and dumping it.

Even if that is the case, there is no reason why exchanges shouldn't credit their users with BCC equivalent to the amount of BTC they hold. If Coinbase tells you they will give you no BCC, you should ensure that there are no bitcoins lying with Coinbase on August 1.

pooya87

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BCC is an altcoin and like any other altcoin it can easily be pump and dumped because of much smaller market and very low demand. and we all know people behind it like Roger Ver have a lot of money and can easily manipulate the market to earn more money from pump and dumping it.

don't compare it with ethereum fork. in that there was still a big support for ETC because people didn't want the ETH hard fork to roll back their mistakes. and that was rushed. and at the same time there was a big support for ETH hard fork because many lost money in DAO and wanted it back!!!

Jaycee99

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Quote from: ekstremista on July 29, 2017, 09:45:09 PM

When the ethereum fork happened, Coinbase credited their customers with an amount of ETC equal to their ETH held at the time. ETC was under $1 then, but got to over $20 and now sits at around $14. That makes it nontrivial money given to you for nothing. If you had, say, 100 ETH, you'd have around $1400 worth of ETC right about now.

When the bitcoin fork happens, is something like this likely to happen as well? Could BCC similarly appreciate in price?

I don't have a crystal ball, but shouldn't everybody and his uncle be making sure they get whatever BCC is due them?

Moreover, I just don't quite get Coinbase vs. Kraken on this. Coinbase says that they will give you no BCC, while Kraken will give you your BCC. What's wrong with this picture? If BCC appreciates like ETC, won't people be shooting themselves over having missed the chance to get their free BCC that was due them?

Hi bye the your topic is about the fork that is going to happen right? So I got a link but its for Philippines only but sure it will happen to other country as well. So here I provide a link it has same problem and issue different country right. https://coins.ph/blog/upcoming-bitcoin-fork-and-your-coins-ph-account/ please do read this and I sure you, lets half of you questions will be solve. I hope that helped a fellow bitcoin user here.

ss890

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To be honest it wouldn't be beneficial this time to give away equal amount of BCC. It was okay with ETH and the classic one because the price was very low. Just imagine even if split occurs on the scale if 90/10 then also the wallet will need to give away $250 for each BTC that is held by users. Wow, that won't be profitable man. And who knows the future? What if bitcoin fell and BCC rise? That would be complete loss for end users. Seems to be very critical if splitted and cash is redistributed.

Gastotade

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Quote from: cpfreeplz on July 29, 2017, 09:49:44 PM

If bitcoins split in half the prices should be equal if the community is split 50/50. It's not going to be equal because BCC just came out of nowhere and it's a currency no one asked for. Etc made up maybe 10% and eth 90 if I recall. Etc is supported by people who think it's a free market and you shouldn't hard fork because of a major hack. There will always be another ETH hard fork, but none of them matter until someone changes it to be deflationary.

BCC and ETC will be like that ,there might be a few users but still it will not be enough for it to be popular unlike ETH and BTC which already made their names and are trusted and useful.

cpfreeplz

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If bitcoins split in half the prices should be equal if the community is split 50/50. It's not going to be equal because BCC just came out of nowhere and it's a currency no one asked for. Etc made up maybe 10% and eth 90 if I recall. Etc is supported by people who think it's a free market and you shouldn't hard fork because of a major hack. There will always be another ETH hard fork, but none of them matter until someone changes it to be deflationary.

Topic: BTC and BCC vs. ETH and ETC - page 2. (Read 2503 times)