Bitcoin Forum

https://www.viabtc.com/convert/bcc
ViaBTC released a BCC/CNY trading pair today. See their statement:
Recently at “The Future of Bitcoin Conference 2017”, big block supporters presented a BitcoinABC solution ( bitcoinabc.org ) . We have since received many inquiries from miners and users, asking if we would be supporting BitcoinABC mining, especially from those with ViaBTC S9 cloud mining contracts, who are eager to support BitcoinABC with their mining hashrates.
1. We will designate the token “Bitcoin Cash”（BCC）to the possible split coin led by the activation of UAHF.
2. From 22nd July 2017 (UTC Time), ViaBTC exchange users can trade your “BTC” assets against 1:1 ratio into both “BCC” and “BTC_FROZEN2” assets. Namely, you can trade 1 “BTC” into 1 “BCC” token and 1 “BTC_FROZEN2” token, or vice versa. Deposit and withdrawal are not available for “BCC” and ”BTC_FROZEN2”.
3. On the same day, “BCC/CNY” trading pair will be released. BTC_FROZEN2 represents frozen BTC assets and is not available for trading.
4. After UAHF activates at 12:20 1st August 2017 (UTC time), all your “BTC_FROZEN2” asset will be redeemed back to your “BTC” asset and we will decide on the best timing to allow deposit and withdrawal for “BCC”.

it seems to me more like ViaBTC is advertising their cloudmining services and making money through it. and the way they are selling contracts and still have an extremely low share of the total hashrate without increasing it, i dare say it resembles the classical cloudmining Ponzi scheme.

and now with their personal Altcoin being released soon to sell to the gullible masses while abusing the brand name of bitcoin...

as i seen they open for trading for waiting 1 august by activation of UAHF
and 'After UAHF activates at 12:20 1st August 2017 (UTC time), all your “BTC_FROZEN2” asset will be redeemed back to your “BTC” asset'
i would agree, with some many issues, some people will take this opportunity to making profit. thats too shame.

It just doesn't.  It looks like one of the "less shit" cloud miners.
"Bitcoin fork" and "altcoin" are both fairly reasonable ways to describe it.  Bitcoin Cash isn't abusing Bitcoin's brand at all.

Bitcoin Cash presents themselves as a developed and improved version of Bitcoin.  Although I don't fully agree with their vision, I recognise that they are reasonable about what they call themselves in that they're not trying to be the "original" BTC.

BCC shitcoin will get dumped hard. I'll take the free money though  ;)

Its a surprise from viabtc as they are a major player in the game. What surprises me more is, they have already announced a new coin even before the activation of UAHF really happened. What if there is no hard fork at all on August first?

that means abusing bitcoin's name/brand or whatever!

this is another reason. it is not you alone who do not agree with their vision or actions even. and that means they are going against majority to force split bitcoin and that is abusing.

and by the way they do call themselves to be the original bitcoin. they use BCC but they claim (lie) to be Satoshi's vision, they claim to become bigger, and worst of all they have a scammer called Craig Wright in their team who stole Satoshi's identity with the biggest lie of all times.

No it doesn't.  Every single altcoin which is intended to be a currency presents themselves as an improved version of Bitcoin.  Does that mean that they're all abusing Bitcoin's brand?

Bitcoin Cash is a split of Bitcoin intended to have a larger block size.  They even have their announcement in the altcoin announcements section.  How are they being misleading about what they are?
Was BIP 148 abuse too?  I honestly think you're letting your opinion get in the way of your judgement.

Satoshi's vision is subjective as he did not envision the existence of SegWit, nor does he seem to have anywhere where he considered those ideas.  Satoshi appeared to support larger blocks and also oppose multiple implementations, so his vision doesn't really cover anyone, but there's nothing wrong with showing that satoshi supported something that you're doing.

I think story of ETC will be repeated when bitcoin will split, BCC will be dumped while BTC price will go to new all time high just like how ETH successfully got pumped after hardfork.

Already bitfinex released some derived version of bitcoin for trading some 2 months back itself, now viaBTC is joining there. I believe there will be no chain split will occur and we do not need anymore derived versions of bitcoins as new altcoins. I just come about bitcoinabc, I guess I need to study on this so that may understand the importance of bitcoinabc and its need to have. Roughly I believe when there will be no threat of chain split, no need of derived versions imho.

Actually anybody can clone bitcoin and viabtc is doing same this time but rather than pre-mining that clone they will use old blockchain ledger but after 1st august any transaction on real BTC will not be valid or seen in this new clone. This is not truely hardfork and just a network split created by only few people which might not get any demand so I think price of BCC will quickly crash.

I just want to try and understand but these people are making things difficult even the SegWit that is still very much pronounced, I have not fully understand. There is news from a other quarter that there won't be any hard fork which to my understanding means there won't be any split and if that should happen, what is viabtc is now promoting? Or there is a split already? Anyone can provide answer.

I expect a similar scenario. Still its bad for the BTC reputation in any case...

Like a scam  :o

I don't think so. At worst, it might result in a short term decline in price, but we shouldn't exaggerate the situation here.

BCC is and will remain an altcoin, nothing can change that. If you look at it from that point, services and exchanges are free to list it as such. On the other hand, I can also understand why they wouldn't list it.

In some cases an exchange or service will face moral problems supporting something like that. It nowadays mainly depends on how greedy they are in terms of generating trading fees.

The only correct way to respond to such actions is to convert the BCC coins to BTC in order to increase your holdings. But first, we need to see how things play out in order to make any further statements.

Isn't they are cloud mining services that are running recently in the market. I think he is mentioning it in the post itself. No body is going to trust this service as long as they don't put such conditions if holding others BTC into them until the august has passed. They will run away I'm sure, another scam site.

Isn't BCC abbr. already occupied? (BitConnect coin)

But why not to add some mess and confuse people little bit more   ;D

Yes but on coinmarketcap they are still named "BCC".

in my opinion, YES.

agree or disagree, they are harming bitcoin with this. and they will hurt a lot of businesses that have been shaped around bitcoin. in short and long term.

it kind of was.
i personally see BIP148 and BCC as the same because they both have the same effect on bitcoin. (of course i am talking about BIP148 before miners started signaling 100% support for SegWit)

in my opinion both BIP148 and BCC are going against consensus by "forcing a split" while having little to no support. it doesn't matter of BIP148 was advertised more, it still had very little support from miners+nodes. SegWit2x with BIP91 saved us from its disaster.
and now we have another disaster called BCC!

i am against these things because a split will bring a lot of problems. and it can potentially harm bitcoin more than you can imagine. and the harm is not going to be only to price but to the most important factor of bitcoin: reliability!
you think Microsoft, Steam, Dell, and all the smaller businesses are going to put up with nonsense of split, replay attack, fork, orphaned blocks, delayed blocks for hours,... obviously not. they simply drop bitcoin and stay away from cryptocurrencies for good.

Satoshi's vision was to have a decentralized system that works based on consensus not based on what a small group of people want. and right now BCC (and since you mentioned it BIP148 was in a similar situation) have a very small group of supporters who can not accept the opinion of majority. and that's what bothers me.

Looks like bitcoin is starting to look life fiat more and more.
We have banks (online wallets), a central bank (the devs) , a banking cartel (miners) and now free money printed out of thin air.

It has all to do with the freedom people enjoy here. In most cases it's all positive, but in some cases the freedom that Bitcoin gets praised for, is also a factor that might work against Bitcoin. The only thing that isn't centralized are the coins that you have stored offline. Everything else is centralized in one way or another, but hey, in most cases we still have the freedom to go with whatever we want. No one forces us to do something we don't want. :)

This has been like this since the beginning. It started with litecoin to be more accurate. Every altcoin is a bitcoin fork actually. You may even call them airdrops :) bcc is no different than the other alts.

Agreed with the rest tho. The only truly decentralized currency is gold coins but they are not practical in everyday use. Bitcoin is experimental anyways enjoy the ride while it lasts.

Basically every object/asset that offers a total form of decentralization is suffering from various inconveniences.

If we look at what gold is mainly being used for, then it's for long term store of value purposes. In some cases it's not always doing a proper job in that regard, but for people being interested solely in gold there is no other option.

Positive aspect of gold is that governments such a Russia are stacking up gold in massive quantities. I don't see this trend reversing in the coming 5-10 years. It will be well worth keeping an eye on gold.

Bullshit.  Devs do not have power to decide how scaling is implemented.  This is why we have a consensus system.  And BCC is not "free money printed out of thin air", it's a 1:1 fork of BTC with a different block size and different characteristics.

If we went by your logic I could create fifty 1:1 forks of BTC and claim that they're all "real" Bitcoin.  But they're all completely separate things which only the free market gives value, and they're not an increase of supply at all.

Online wallets also do not give out loans in which they conjure money out of thin air, and the coins that you hold in an online wallet are at least supposed to represent real coins that the wallet provider holds, whereas in a banking system the digital money does not represent real cash, and the real cash does not represent real assets.  They're simply not comparable at all.
Even more bullshit than what he said.  LTC is a separate altcoin with a separate blockchain.  BCC is copying the blockchain at the time of the fork and can be accessed from BTC private keys.  BCC could be regarded as an "airdrop" (I would not consider it that), but LTC most certainly could not because people have to buy into the completely new coin.

Agree, people will sell immediately if they get free money from bitcoin branch which named bitcoin cash or maybe they should named it 'bitcoin crash currency'. But I doubt more exchanges will list this coin if they feel it maybe inflict a financial loss, and so far just viabtc announced support BCC. Digital currency price will be determined by its usability, none of altcoins could compare or compete with bitcoin, altcoins will always become trading object including BCC.

I read some email from crypto-games earlier that they not going to support BCC, but they are going to pay out BCC to investors and players, don't get them  :-\, anyways little bit off-topic but its related to BCC too that's why I opened it here.

They are broken any morale limit it seems. But still the world of bitcoin as we know it today is going to end in a couple of days.

I cant imagine a day without a bitcoin transaction. In the last 4 years I did not became a rich person even if I was an early user but change the way i am seeing money transfer and world economy.

With these changes bitcoin will be a totally new thing and I really think that now both coins can reach 100k in the next 3-4 years. So start to buy now the new tokens.

1) Oh but they have the power. They just proven that to the entire world.
Choose one. Either republicans or democrats , segwit or bitcoincash.

2) What is being done is introducing a new currency on top of another one. Just like a lot of countries did, with success stories
like "plano real" or in 99% failure of the entire system.

3) Online wallets have control over you money. Just like banks.
And if a bank fails your money are somewhat insured. If inputs.io goes down.... we now what happened

What happens if i sold my bcc pre tokem and bcc won't fork?

They will 100% release the Bitcoin Cash fork.

But... in case they don't, you would probably get your frozen Bitcoins back and nothing would have changed.

Thank you for answer mate :)

they are playing good game but they will die immediately.
market will not let them. we will see next week.

The logo is nearly the same? Wth is this?

You are greatly underestimating the other currencies.

  I think it is too early to say that Bitcoin Cash will not have value, many people will not dump their Bitcoin Cash ... people are greedy but many people learned the lesson of the altcoins that had an increase in the price astronomical, so i think many people will not dump their Bitcoin Cash and many exchanges will support Bitcoin Cash in the future.

Yes we are gonna see a big dump and very big price dip in BCC, and it will continue like etc.

Probably that is their plan for a big dump pump and dump.

Once everybody will dump their bcc it will be easier for them to raise the coin 2x or 3x times with the amount of BTC they have at their disposal.
And once people see a coin going high they tend to forget the history of the coin and start buying like crazy sheep.