Pages:
Author

Topic: Fork failed? - page 2. (Read 2465 times)

sr. member
Activity: 2506
Merit: 368
August 03, 2017, 02:27:50 PM
#31
Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.
I think this BCH(BCC) is just another alt-coin and also i can sense that there's someone behind this. I hope this is not a sabotage in bitcoin community, they risk too much just for this. Which people is not really paying attention because they really believe in the potential of the bitcoin.
legendary
Activity: 1792
Merit: 1283
August 03, 2017, 02:25:52 PM
#30
Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.
The marketcap being that high is a result of not being able to deposit BCH to any of the major exchanges that trade BCH, like Kraken and Bittrex.
You can deposit BCH to ViaBTC, but you need 20 confirmations to be able to do a withdraw after you deposit and they require ID verification to be able to deposit.

HitBTC also accepts BCH deposits, I think they need 5 confirmations, but could be wrong on that one.
member
Activity: 78
Merit: 10
Linux Geek
August 03, 2017, 02:19:55 PM
#29
Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.
legendary
Activity: 1190
Merit: 1024
August 03, 2017, 11:49:13 AM
#28
Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
Yes the fork has been occurred. On 1st of August, i am not sure in which exact hour it happen, but it happened. New cryptocurrency has been created from that, and you probably already know, name of it is Bitcoin Cash or BCC for short. As far as i know it is not going so good for BCC, but i do not support them so i do not care much.

Well, BCC was not a resultant from the Bitcoin fork. This is completely separate entity, which most people do not realize.  There was no hard fork in Bitcoins so technically bitcoin cannot be divided. BCC taking the advantage of the Name and Situation, making it feel to people it another better bitcoin but time will tell it will just be a cheap Alt.
legendary
Activity: 1148
Merit: 1000
August 02, 2017, 04:18:06 PM
#27
BS scam alt coin
sr. member
Activity: 448
Merit: 250
August 02, 2017, 04:16:00 PM
#26
But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.
The value of BCH is rising from the speculated valuation and i had my plans on dumping the coin as soon as possible but with the level of increase it had today i had my second thoughts,lets see when the major exchanges starts accepting these coins to be deposited,will we see a massive sell off or will it have a good following is yet to be seen.
sr. member
Activity: 327
Merit: 250
August 02, 2017, 04:10:29 PM
#25
To say BCC/BCH has failed really depends on how you define fail.  Bitcoin Cash (BCC) definitely created it's own fork and BCC is definitely priced well on the exchanges.  As others have stated, the true test will come in a few weeks when full trading and difficulty rates level out.
That is exactly a fair analysis,the fork happened a few hours ago and it is really difficult to predict what the future will be,they need to test their network and confirm everything is working fine and after a week we will know what the price would be ,another interesting thing is that,people are planning to sue coinbase as they are not giving the customers BCH and with the price soaring high i am sure we will see some legal actions too. Cheesy
full member
Activity: 392
Merit: 102
August 02, 2017, 11:07:43 AM
#24
To say BCC/BCH has failed really depends on how you define fail.  Bitcoin Cash (BCC) definitely created it's own fork and BCC is definitely priced well on the exchanges.  As others have stated, the true test will come in a few weeks when full trading and difficulty rates level out.
legendary
Activity: 2632
Merit: 1094
August 02, 2017, 10:24:02 AM
#23
Many said it failed but now with miners not mining blocks, the transaction fee may be very high to deposit these coins and list them on exchanges. Even on bittrex the wallet is under maintenance and hence the market is still unstable. I only found the difference in the transaction confirmations as mine got confirmed within an hour with 50 sats per byte. Hopefully this stays as is.
legendary
Activity: 1414
Merit: 1001
August 02, 2017, 10:23:08 AM
#22
The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.
legendary
Activity: 2814
Merit: 1192
August 02, 2017, 10:17:49 AM
#21
bch is a joke. exchanges bch walltes offline so ppls only can trade it and not deposit outside. as soon as ppl can cash it out it will be dead and just another altcoin
That's the reason behind this:

I dont know... as of now BCC's value has doubled since launch.... Im starting to feel like an idiot for not getting my coins on an exchange that would credit me both  Shocked Shocked Shocked Shocked Shocked

The coin is pumping because only the fiat/btc flow to the market is open. Just wait until they allow for fresh BCC to come into the market and we'll see a large increase in the number of sales. If the buys won't keep up it can go back to $300 or even lower.
sr. member
Activity: 560
Merit: 257
August 02, 2017, 10:05:07 AM
#20
Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
Yes the fork has been occurred. On 1st of August, i am not sure in which exact hour it happen, but it happened. New cryptocurrency has been created from that, and you probably already know, name of it is Bitcoin Cash or BCC for short. As far as i know it is not going so good for BCC, but i do not support them so i do not care much.
hero member
Activity: 1078
Merit: 514
August 02, 2017, 10:01:49 AM
#19
Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?

the fork has been done so bitcoin cash already created from that fork
Yes the fork was provided and if you don't get bitcoin cash on your wallet it doesn't mean that everything has failed.
sr. member
Activity: 276
Merit: 254
August 02, 2017, 09:58:32 AM
#18
that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key

Because it is forked Bitcoin with slightly different consensus rules. SegWit Bitcoin has slightly different consensus rules as well, but at the end it is what most exchanges/companies/people agree what Bitcoin consensus rules are. Thats why Bitcoin Cash is considered altcoin by most, and only minority view it as continuity of Bitcoin.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
August 02, 2017, 09:52:50 AM
#17
Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?

the fork has been done so bitcoin cash already created from that fork

that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key

Same chain, just different miners and thus different nodes.  I don't know yet how the network differentiates between the different nodes.  But if it isn't able to,  BTC and BCH nodes get a lot of transactions that are invalid.   So not only do BCH miners have to sort through a lot of invalid transactions, they have to do this with not a lot of hash.

Not unusual for this to get stuck for a very long time.  We shall see.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 02, 2017, 09:41:08 AM
#16
Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?

the fork has been done so bitcoin cash already created from that fork

that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key
newbie
Activity: 28
Merit: 0
August 02, 2017, 09:38:24 AM
#15
The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.

Once the difficulty goes down more miners would go back if there is a profit incentive.

Nobody can really say it is failed until a few months from now. There is still a chance it will succeed as an alt coin.

If the difficulty drops by 20 times and bcc is worth 1/5th of btc, then miners will to to bcc. They will just switch between coins imo

How the does the difficulty go down if there aren't miners to create blocks?

My prediction is that there will be people going to pay a bounty to have blocks mined.  This is so they can get their money into exchanges.

It's is kind of like having gold, but its stranded in a country without transportation!

Miners are not everything. Miners wanna take profit. Mining of BCC hasn't any profit at this time.
They are waiting for price going up or difficulty going down. If difficulty wouldn't go down the price will go up at short time.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
August 02, 2017, 09:12:15 AM
#14
The fork did occur, it was very successful. Bitcoin cash is up and running, it was 35% up on coin market cap the last time I checked. It is no 3 on Coinmarket cap. Welcome to the free market.

Is a coin 'up and running' if it can't transfer coins?  The last time I checked,  the last block was over 11 hours ago.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
August 02, 2017, 09:11:05 AM
#13
Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
You mean because of the inability to deposit. Nobody who wants to dump their Bitmain Crash coins can send their coins to an exchange in order to do so.

Not only deposit,  but actually move the coin elsewhere.  

Needs at least two steps  (1) move coin into a new BCH address.  (2) move coin from BCH address to exchange.   At 11 hours a block, that will take quite a while to happen!
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
August 02, 2017, 09:09:55 AM
#12
The fork did occur, it was very successful. Bitcoin cash is up and running, it was 35% up on coin market cap the last time I checked. It is no 3 on Coinmarket cap. Welcome to the free market.

What do you mean by saying that it was very successful? And this about Bitcoin cash doesn't mean anything. Maybe it's still "living" but that will not last long and there are no reason at all to support it. Some will manage to make some short term profit on it but after that it has no perspective at all.
Pages:
Jump to: