Is Bitcoin Cash the real Bitcoin? - page 5.

BartS

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Quote from: QEHedge on December 20, 2019, 05:50:53 PM

So i heard this guy talking about how Bitcoin Cash is actually the real Bitcoin. He says that Bitcoin is no longer what Satoshi Nakamoto originally proposed in the Bitcoin whitepaper.

1. It was supposed to be Peer to Peer but Segwit is destroying this.

2. On-Chain Scaling was supposed to raise as needed (Block Size)

3. Since Bitcoin scales on Chain , It has fast transactions.

Can i get your input on why he might be right or wrong?

It is obvious that those that support bitcoin cash are going to make those kind of arguments, in my personal view I would have no problem with bitcoin cash as long as they advertised themselves for what they really are, they disagreed with the development and the decisions that the developers of bitcoin were taking and they decided to create a fork and compete against bitcoin to see which solution is the best.

But what really bothers many people including myself is that they call themselves the real bitcoin, they cannot fork a project and then claim that they are the original, if they want to back up that claim then they need to beat bitcoin, something they are not even close to achieve.

QEHedge

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Quote from: tsaroz on December 20, 2019, 06:34:35 PM

Things should change according to the need of time. Bitcoin and Bitcoin cash implemented different techniques to solve the (same) problem and are working on independent ways.
As an open source project, there was no ownership of the coin. So to decide which chain would retain the name Bitcoin, it was the one with the highest hashrate, larger number of miners and community.
You can fork a open source project but you can't have it's original git or claim your fork is the original one.

But aren't there entities which are changing Bitcoin as we speak right at this moment like Blockstream? It seems like with their investors (such as master card / visa etc) have a significant opportunity to destroy the Bitcoin network by changing the code of it , can they not?

Quote from: Kotone on December 20, 2019, 09:31:46 PM

Agreed with @tsaroz, bitcoin adopts its development thru time. Imagine altcoins are beating them down thru Peer to peer attempt.

But IMO, it always bitcoin can retain its original purpose though BCH is a newer and improved on chain solution. In terms of price, If BCH can improved and develop the problem with scalability then good to pick BCH as it van grow more in the future even though its a fork of the original bitcoin.

Network effect is very powerful but getting it into the hands of the everyday consumer is a little difficult because people are wary of coins because they still value the coins value in Fiat.

Kotone

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Agreed with @tsaroz, bitcoin adopts its development thru time. Imagine altcoins are beating them down thru Peer to peer attempt.

But IMO, it always bitcoin can retain its original purpose though BCH is a newer and improved on chain solution. In terms of price, If BCH can improved and develop the problem with scalability then good to pick BCH as it van grow more in the future even though its a fork of the original bitcoin.

tsaroz

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