Topic: Poll: What do you think will happen with bitcoin in August after the fork (Read 2776 times)

because majority of people know BCC ticker is already taken by BitConnect (currently 12th on coinmarketcap 400 mil marketcap so not an insignificant coin)....and likely to cause a ton of confusion when all of the above is listed.

when you create a multi choice question like this aka a poll you should keep it simple and to what people know. and also keep it unbiased!

right now you are firstly complicating the choices by adding a lot of options and also giving them names nobody recognizes!

also it is obviously too biased when you call it "libertarian"!
why not use the common names that majority of people use: BTC vs BCC

isn't there a 3rd option of just the original bitcoin continuing on and avoiding either of these garbage alts? or its bitcoin proper dead?

In the Ether fork, ETH was the "status quo" coin.  It was development of the network which people perceived to be against immutability and potentially against the original Ethereum platform.

In this Bitcoin fork, the original coin is still the status quo coin.  If we had an ETH/ETC scenario, it would be reversed because in Bitcoin, perceived security tends to matter to people more than perceived upgrades in the technology.  Perhaps this is because Bitcoin is the "main" coin, and others are more of a testing ground.

What would be comparable is if there was a low consensus hard fork to 2MB blocks on the main chain.

I think you lack one choice that is "there will be no fork." It is not guaranteed that there will be a fork but rather a possibility. Also we can say that all for sure (regarding your poll and choices) since we don't have the grounds to say what will be better, which will gain a lot of attention, or  anything which will make your poll inaccurate.

Thanks for the links and I agree about the name but BCH doesn't sound cool though.  I don't consider BitConnect a real coin though imo. I don't really like it. We'll see the results soon. Cheers.

classic.

pinhead developers, pathetic hash rate, contempt from the major players.

yep. it's gonna be a super smooth roll out.

No, it's not. BCC is CONTINUATION of working stable Bitcoin chain, whilst BIP148 is utter bullshit that will go down cause of its sheer stupidity and uselessness.

I don't disagree.  I stand by the claim I made on Monday on HostFat's thread:


It's a possibility.  A hardfork affords the opportunity to clear out a lot of technical debt and elegantly fix many problems, including all those that SegWit addresses (see: Flexible Transactions).  While it's young, Bitcoin Cash could easily undergo such a hardfork upgrade and absorb some good tech from other teams that have shown interest: Bitcoin Unlimited and Bitcoin Classic.  Grown well, Bitcoin Cash could serve as a lightning rod in the coming SegWit2x storm.

By the way, I've started using the ticker BCH instead of BCC now that both Bitfinex and Kraken have adopted it.  The conflict with BitConnect Coin was bugging me.

my hope
BTS and BTL will coexist but BTL will have a lower value, like ETC and ETH 

don't need a smart contract... It's all really up to core. SegWit2x or a Melee. hopefully we all learn a little something from these debates. It's much better than the bashing i see all over the place. I think BCC can crash hard its all centralized on cores decision to 2x or not. That i can't predict, instead, I'm going to hodl with my blanket.

Can someone make a smart contract for this and let the participants send their bet and let's see which one wins on DECEMBER 31, 2017, after all the drama and confusion settles(even past the possible Nov drama)?

So we can get something out of this endless debates.

-east

Good points to you as well. I appreciate the clarification and corrections. I think Blockstream | Core should have the ability to vote for a change course of the original vision and if there is consensus then that is the way it will be. I just don't like the censorship that is happening on r/bitcoin and I don't agree with a lot of the misinformation being passed around.

I am in agreement with consensus and the nature of decentralization. Some people are confusing the fork as if it will result in centralization. It will not. It will prove what the world thinks is bitcoin. Our individual beliefs are moot in the greater scheme, but trickery and censorship I really didn't like seeing when I was researching between the two. Neither side should be dictated to if they didn't reach an agreement which is why I think this is the appropriate use of a fork. Like you said and we both agree, let the people and the market choose.

As far as which is the altcoin, if you go by the Satoshi whitepaper, BCC is the original and continuing on the original chain. BTC w. SegWit cuts it up and modifies it which, to me, is the altcoin since it is no longer the same chain from the genesis block. It is a fundamentally different chain from a code and technology point of view.

I am also in agreement that mid November is going to be the real date to watch. If Core does not apply the 2x, from what Bitcoin.com mentioned, they will move hashpower to BCC. After that i think others will follow. I think instead of another hardfork, miners will skip SegWit all together and back BCC. This would make it 2 bitcoins rather than 3. If the agreement is not kept, there's no reason to have 2x at all. Then Bitcoin BigBlock vs. Bitcoin SegWit, fight in the world market for marketshare and usage. This is definitely an interesting time. Both can technically coexist but peoples ego's wants one to die to hold the title. IMO, BCC is the better option for a country like Japan/Korea/etc to use in the retail space. BTC will be better as an asset type.

As the network grows it becomes more expensive to do DDoS especially with a higher cap. SegWit is by nature a centralized payment channel. We will deal with that issue when the time comes. The cap itself is artificial. Esp. to a devops guy, its kinda silly to think "processing power" will be out of reach of peoples hands if bitcoin ups the block to 2MB. There is really no technical reason not to implement 2x. The only thing SegWit does is allow a payment channel for Liquid that take fee's from miners. We'll no doubt be DDoS'ed on SegWit before hitting 8MB on BCC.

The same can be said to the parties of the Silbert Accord.  Both camps have a great deal of support and neither can reasonably back down this time.  There will almost certainly be a controversial hardfork in November, quite possibly dwarfing the August 1st drama.


Gavin passed the reigns to Wladimir in April, 2014.  Gavin's last commit to Bitcoin Core was in April, 2016.  The agreement was signed on May, 2017.


Excerpts from the January, 2016 statement by Bitcoin Core I referenced earlier:




Evidently, you're in agreement with the Bitcoin Core team on this.


Well said, although I would say that which branch ends up being more widely adopted is a side issue.  The freedom of choice is the thing.


Bitcoin Core, by not allowing themselves to be dictated to by the parties of the Silbert Agreement, is exercising the very freedoms you and I both champion.  The same freedoms Satoshi exercised when he decided to try and build his own money.


I don't doubt you, but what is legitimate traffic?  What if, in the future, the amount of legitimate traffic is far more than we know how to accommodate in a trustless, decentralised way?


I completely agree.  Some good points.

What would be unfair would be to call them something else taking away what Bitcoin really is and what BCC really intends to do. Call them for what they are please. BTC - Bitcoin the original. BCC - Bitcoincash the altcoin.

There is no need to confuse the forum.

we only can wait for 1st august as we don't know yet. i hope you still have another bitcoin because if bitcoin price is increase you never regret for selling bitcoin yesterday. ethereum is a good choice for you to buy and i think ethereum will increase too someday. its too many prediction in out there that telling about this and they only give prediction without knowing what is happen later so i think we don't have to worries and let we see what will happen later.

I'm afraid not.  I've been using online translation tools and doing my best to read past the odd language generated.

SegWit2x hardfork will commence in November so in a way the poll wording is kinda misleading. Bitcoin Cash might as well cost jack shit at the end of the year. I think the coin with the longest chain will win the mainstream masses.

how do we know what the wishes of the community are? the new york agreement was one room full of people.

THIS.  SO MUCH THIS. 

BCC, if it survives, is an alt coin.