Bitcoin Forum

https://bitcointalk.org/index.php?topic=2040221.0;topicseen


So does that mean that there 100% will be a hard fork of Bitcoin ?  ???

Yep. I think so, if they don't change their minds. But I don't think there's something you should be worried about honestly. Segwit is locked in. The price of bitcoin wouldn't crash most probably. And if it would, it would be a very small dip I'm pretty sure.

It's just Jihan-Craig-Roger Ver latest move. Just ignore it. Actually, the only thing you need to do is dump your BCC for free BTC before BCC goes to 0, since no one with real BTC is going to support this crap no matter how much centralized hashrate Jihan has been secretly stacking for this one bitch move.

Right now everyone is optimistic, how long the optimism will last I'm not sure

Overall it feels like this is a small bump in the road but really it's a monumental decision

I guess it's all perception

It isn't bitcoin hard fork when affecting it such lower. It is just a small alley getting cut off from big street.
So we can simply consider it to be altcoin generating from bitcoin without ICO. That's it. And everyone needs to be happy that he/she getting free shitcoins just holding bitcoins with private keys.

Ignore nonsense like this and protect your funds by holding BCC as your hedge, otherwise you risk losing ALL your bitcoin by listening to this users emotional tirade.

BCC is not Bitcoin, it's an Altcoin. You risk absolutely nothing by getting rid of it.
These are just facts, no emotions involved whatsoever.

At the moment, we don't know what happens on August 1st. If miners decide they want big blocks and shift the majority of their hashrate then BCC does become Bitcoin and your Segwit tokens would end up probably being worthless sooner than later. Best to hold BCC to stay safe and protect your assets.

Actually, I agree.  I think it's extremely unlikely that BCC will become Bitcoin's main chain, but people underestimate the support that it could have in the future.

There's thousands of people over on r/btc and some other places supporting larger blocks.  There's also the fact that many groups such as BITMAIN actually support BCC but are currently leaving it alone to support SegWitx2.  BCC will certainly not go right to zero anyway, and it will always have a niche for those who prefer onchain scaling.

If you don't support BCC's cause, all you need to do is ignore the BCC that you have a right to and continue spending your BTC.  If you ever feel that it has a high enough value in the future or you need to use it, you can do so later.

IIRC it's not a hard fork but I could be wrong about that. I remember SegWit being marketed as the only way to "fix" the blocks without having to perform a hard fork, but I could always be wrong about something like that.

There will be a fork that most of the community will be experiencing, though. Everyone is expecting that the 81%+ of the hashing power that is supporting the fork will continue to support it till the fork happens, and considering that's an overwhelming majority of hashing power there's a low chance it won't be happening unless something happens in the next week or so.

If anyone's wondering;

You can sell your BCC's on ViaBTC exchange but they'll freeze the BTC's you sent there till August 1. You will be able to withdraw the converted BTC's. For ex;

You got 10 btc. You sent them to viabtc. Viabtc will give you 10 frozen btc's and 2 bcc's. You'll be able to sell your bcc's for CNY and rebuy BTC's. You will be able to withdraw those BTC's but your 10 frozen bitcoins will stay frozen till Aug 1.

They don't let you trade without confirming your identity.

I don't trust them and I don't plan using their services but If anyone already has a confirmed account there, this information might come in handy.

why for 10 frozen btc's you only receive 2 bcc's?

I made up the rates randomly from my mind. It was something like that on viabtc's website the last time I checked. (or not don't remember actually :p ) You can check it yourself: http://viabtc.com/

edit: I missed something, When you give them 10 btc's, they'll give you 10 frozen btc's and 10bcc's. You'll be able to sell those bcc's  for CNY and buy btc's. And with the ongoing rates now, you'll get 1.28btc's for 10bcc you sell.

Just hold it for safekeeping,we dont want to take risk of losing fund
Let's wait and gather information about what will happen after fork,store all btc to wallet with private key

mostly likely your frozen 10 btc will drop to the price equal to 8.72 btc after Aug 1st. so 8.72+1.28=10. no more, no less.

I am not sure. I am tired at Bitcoin transaction waits it affects my productivity and good humor. Half an hour for a service I needed, waiting for it to "appear". Bitcoin is horrible as it is now, and the worst example of a core dev team and ecosystem. I am surprised it's so. And actually, without the BCC, the BTC would be -20% when everyone realizes this is business as usual and nothing will change in the next few months regarding Bitcoin.

Smartest decision. I hope no one is tricked into selling off their BCC, or BTC for that matter. If you do, I hope you truly have a conscious idea of the gamble you are taking.

Yep... I also feel like when BCC forks off we'll finally have left that part of the drama behind us and everyone can move on (...to the next potential hardfork, but at least that's one down). Plus instead of endless bickering about which approach is better in theory we can finally have the market decide.

Does this mean any BCC coins we receive will work with our current BTC address or ??? How will the addresses be impacted in terms of BCC, new ones or?

Thanks

Well the $bcc does not have segwit ,and will be using a lot of mining hashes ,they might just start a work on btc.
I'm pretty sure one of those chains will dump hard , but which one 🤔

Good question , I always wondered the same ?
Every one optimistic while btc segwit pumping ,but I think hard fork will in one of possible out comes ,dumps bcc price and rise btc ,or they just both dump till the next season lol ,although there are a lot lot of new money standing waiting

I assume that the address will remain the same, although I am not sure. But what about the private keys? They will also remain the same, right? We will be able to confirm all this only on August 1.

Haha yeah probably we just have to wait , but I wonder who are people that now this stuff - devs? I am watching (and suggesting to everyone) Prinston lecture on Bitcoin (YouTube) but I cannot say it too easy to understand..lol

that bcc is just an altcoin, even in the case of a chains plit, with the majority of hash going to a new fork that they created because, it's not different than creating another altcoin

price will be safe exchange won't listen that, and in the end you get another altcoin with its own market


i doubt you can just send your coins from oen fork to another, with both having different value would be stupid, they will change the address like they do with altcoin

Well yeah and there was already the bitcore fork which is already trading on some exchanges. But the thing is it is very unlikely that these forks are going to have any sort of real impact on bitcoin because community support is small. Bitcoinabc is basically a centralized altcoin owned by bitmain that will have solo mining in the first few days and the rewards will be reaped by only the founders.

It is extremely likely that even in an event of a hard fork that a majority of community will quickly find one chain that they prefer over the other, like in the case of ethereum and ethereum classic. ETH classic is a great coin but more people seem to be blindly trust Vitalik. No matter what happens, it's a good necessary step that bitcoin has to go through. Scaling has to be done one way or another.

If the address remain the same, the private keys will remain the same. Which means that most likely you'll have to import your private keys to the Bitcoin ABC wallet client in which case I'd recommend moving your coins to new addresses before doing the switch (but after the "hardfork" occured).

Is this even a thing? SegWit2x (which will also trigger SegWit) is winning right now. Is anyone even mining with this Bitcoin ABC thing? It would take 50% of miners to be on board to do a soft fork which leads to a hard fork for Bitcoin ABC / BCC / whatever.

Segwit2x aims to start sending signature data separately from the blockchain on 21/07/2017 and then to double the block size limit to 2MB in three months' time.

BIP 91 states that if 80% of the mining effort adopts the new blockchain software involved and uses it consistently between 21 July and 31 July, then the wider community should accept this as the solution.

the idea is that close to 90% of miners likes the idea, according to Coin Dance.

Supposedly Bitmain / Antpool / viaBTC is going to point at least some of their hashpower to BCC. Not sure what their endgame is though, as they don't seem to have the support of any other miners. It may be that they just try to do a quick pump and dump on viaBTC, but I don't want to believe that it's that simple.

Yes but it might not be anything more than just another bitcoin clone with some upgrades. It might have some value but I am quite sure bitcoin holders will just dump this when it will be listed in any exchange platforms.

BCC is not coming this August. We are all settled for BIP91 and it has already started. Miners are  rejecting blocks that are not signalling BIP91 and we are now safe with our current bitcoins. However i still feel there will be hardfork one day , maybe next year or so, but lets now enjoy the swegit price rise  :)

BIP 91 is the first Proposal of many to come proposals to upgrade bitcoin through adding a software layer called SegWit2x. On Friday 21th July 2017, it is reported that the support for BIP 91 reached nearly 100 percent, exceeding the required threshold of 80 percent.

However, this does not mean that a hard fork of BTC is avoided, as UASF might still go ahead.

Ahahahaha! They ll reinvent Bitcoin!!!

Only a fool could hold this shit. If I even get it, I ll dump it the moment I do. Why the fuck I need another BTC alt which basically offers nothing but significantly less security and hash.

There can only be 1 BITCOIN, the rest are just alts.

ViaBTC will be supporting the concept of "Bitcoin ABC is Still a Major Chain Split Liability". it will offer cloud mining contracts using Antminer S9  to mine the Bitcoin ABC blockchain on August 1st. iys exchange  started trading Bitcoin Cash - BCC. This currency can now be traded against the Chinese Yuan.

here is the split in their mind:

Some developers did not understand and agree with the original vision of p2p electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer, ie adding segwit..and maybe others in future.

-Many miners trusted these developers,
-while others recognized that they were leading the community to a different road.

These two visions for Bitcoin are incompatible, led to the community divide.

Of course, a fork will definitely happen, and the bitcoin will be split, although this is not a good trend, but it represents the needs of the market, these are the options that are needed. Bitcoin is actually split.

It was clear from the very beginning JW and RV were super toxic figures. I must however point out that they are free to fork off whenever they want -- this is the freedom that basically anyone can use if they don't agree to follow the rules of a certain proposal. At the end, the only thing they will be creating is an altcoin. It's obvious that they are aiming at a massive financial gain by doing so. If people like decentralization, they will stick to Bitcoin. If people want to be subject to centralization, they will make use of their shitcoin. I can't imagine anyone with a proper functioning brain will ever choose for the latter option.

Indeed, don't take it seriously, their last proposal about bitcoin unlimited has been rejected and now they come with bitcoin cash? What the hel* is this? They want to spread bad news and speculate about how bitcoin could split into several coins and its price will crash, Im sorry, I don't buy their words.
But, good luck to make panic sellers afraid and give us another dips to purchase more cheap coins.

Yes nobody gonna hold that shit which will be under full control of few greedy miners who want to follow completely different path than most of the other bitcoin community. I will also dump all that I will get during hardfork. BCC = another bitcoin clone /shitcoin

I Believe we should be rather worried about the possibility of being a split in the bitcoins network, that i am sure will bring the price down should there be any split. And i have heard people say that it is going to place on November, that's very confusing.

It's funny how no one except devs seem to know what's going on

I think BCC is being overlooked . The market is yet to react to the news so the FUD campaigns have yet to begin. I'm shorting.

I too want BCC. And based on how the price skyrocketed for no other reason than just avoiding collapse, tells me people disregard BCC and secretly plan to hold it, or at least, would not miss the chance to either dump and convert or hold, however they feel like or have decided upon. I will likely hold both, if I can be found liquid lastly of July.

But the big question when segwit will start working , did you notice any transaation time defference  ??? i didnt