Bitcoin Forum

If they accomplish a fork, good for them.... that's great accomplishment and all.

But if Bitcoin was really flawed, and they had the magic solution, then why not create a brand new coin? The reason they don't is because Bitcoin isn't flawed, and they need the Bitcoin brand to make money off their new Alt-coin. That is all. Bitcoin Classic 4 Lyfe.

Yes it is true and they want to make money out of their old mining hardware which can't mine bitcoin so they will just use those old ones to mine there new shit coin and dump it in the market.

I am expecting big dump in price of BCC not bitcoin.

How many chances of Forking? Any rough idea if we want to know the %? Thanks.

The chances of forking are 100%. You shouldn't give it much attention though, It's going to be dumped in a matter of seconds as every BTC holder will have BCC as well and almost everyone here is with SegWit, no one is going to use that BCC.

100%

You know once one exchange decided to honor a split coin it's going to be a shit show for everybody because everyone is holding bitcoin in different locations and when they get a week coin they will not know what to do. Some people may end up losing money.

50-50. Anyone could do a fork even you if you had the expertise to build a client and had some miners support you. But judging by the support that BitcoinCash project has gotten already in the likes of exchanges and miners I bet the chance of happening is close to 100% unless they budge in the last moment but I doubt it.

Ok, thank you for the expert opinions and the insight.  :)

It's excellent to see the community also see the what's goin on with BCC and their bad purposes on bitcoin and blockchain community. They just want to keep using their trash mining equipments. This is the only reason.

    BitcoinCash could be seen as a showcase of how big block works. This alt is channeling best efforts for big block fans. It's not just testing community support, it would be a perfect excuse to evade argueably coming 2MB HF due to any BCC failure. Let that sink.
   What makes things worse for bitcoin price for week or so is thin market. There is a wave of withdrowal bitcoin from exchanges. Anyway bitcoin will surge after all.

+1 to this. It s going to be a race who dumps it first. I know I ll have my finger on my BCCshit trigger.

There s no fucking way this can work. If it would, Roger Ver and the gang could remake a new Bitcoin every six months.

There needs to be a clear distinction between BTC and alts. Fuck BCC.

They are trying to do an ETC Criminal Coin. BCC will be known as the Bitcoin Criminal Coin.

I have a feeling that we are over-estimating the support for SegWit. The BCC is supported by some of the big names, and they have the capability to swing at least some of the miners to their side. So I wouldn't confirm on overwhelming support for SegWit, before I see it for real on August 1. So all I am saying is that, don't put so much trust on the "intentions".

One have to really stupid not to see what those big names try to do. To make tons of money on crypto community. They can swing as many miners as they want if the community does not accept the coin.
Again, why would I hold a BTC copycat whose only purpose is to help Roger Ver and a few immensely rich guys to become even richer. No fucking way.

Anyone can create one of these stupid spinoff coins at any time, but they're not successful for obvious reasons.

Here is the last one of these: https://bitcointalk.org/index.php?topic=1883902.0

It's shocking how people are quick to jump into what people say without doing a little bit of researching themselves,  being that  naive is not a good thing in the business world.

well you are not wrong in this regard.

The BCC will become an altcoin that is for sure. How much will it be worth? No one knows.

The most credible explanation I can come up with is that it is a publicity stunt by ViaBTC and no more

YES INDEED.

This is exactly the way I feel and this is exactly what BCC is. It's a parasite that's trying to feed off BTC.

of course BCC is not 'a' genuine Bitcoin.

now, you are helping other rich guys too. you have to be blind if you don't see that 2 gangs are fighting for supremacy :)  

"the community"(sheep) will follow the miners and exchangers. there are some lunatics who are thinking that they can change the world with their slogans (no gov, no bank, bla bla).

in the end, money/cash talks. :)   the smart ones will keep their mouth shut and they will make money with this fork.

all day you can read on this forum " fork is good, fork is not good. that person is a shit, that person is a god" .

are you nuts?  LOL     this is a BUSINESS, it's MONEY. wake up ! :)

BTC is just an e-currency; sooner or later it will disappear. speculate as much as you can and talk less because it's useless anyway.

Or steal private keys and all bitcoins
Only trustable software : BITCOIN-CORE OF 2014 https://github.com/bitcoin/bitcoin/releases/tag/v0.9.1

This is a fallacious argument.  Bitcoin Cash is a 1:1 fork of Bitcoin because they believe that Bitcoin should have bigger blocks, and therefore they believe that Bitcoin holders should be able to use a Bitcoin fork that has bigger blocks.  Anyone could create a brand new coin with bigger blocks, but they need Bitcoin holders to access their BCC using the same private key.

True.  All that matters is whether the coin has backing from the economic majority.  But I do think that one of these could be successful, if they had the right objectives - BCC does not.

Who are you insulting here?

I don't think I m the one who s nuts. It s not about their money. It s about OUR money and the entire crypto community. If this fork would become so successful, guess how long it would take for another genius to attempt the same. Then again, then again.

Now tell me, why would I, as a long time crypto investor and supporter, want something like this? Why would I want to have 17 different variations of BTC? Isn't the whole purpose of blocking technology to provide immutability?

So, yes, I can say those who don't see this and would support BCC are nuts. You re obviously one of them.

You are the great individual that everyone is targeting right  :D i mean the people who are against the core,i have heard some things about you in some of the speeches i heard in the conferences and i guess you have collected a lot of enemies in the mean time. ;D I think there will be more spin offs by August and lets see who is going to be successful in the end.

They have to stop capitalizing Bitcoin.  Using "Bitcoin" in their name creates confusion and fear that could depress the price of Bitcoin.

I am wondering how the price of Bitcoin will be affected?  If so unfortunately that BCC get more miners support than expected, there could be a decent price drop.

If Bitcoin forks on Aug 1st, what will happen to BTC?  Would the price get reduced by the value of the new BCC?  Do the current BTC holders who have their bitcoins in the hard wallets get two types of coins? 

A lot of questions, but only one hope - the hope that the Bitcoin price will go up and not get diluted by any forks. 

Does it matter? we all knew with a bit of cash and a few kids behind desktops, you could create your own chain of exchanges, your own coin, trade and have your own community, but one thing no body could have is BTC ticker and a global support.
If you trade a coin on only a few exchanging services while not every single exchanging services in the world are supporting it giving it the name of BTC then you clearly are an idiot.
How many copies of Bitcoin you want me to create for you? no need for me to do it they are all over the place. where is the longest chain(main chain)?
The entire world only knows BTC, now it doesn't matter if you are Trump trying to launch a new alt, you can't have the same longest chain and same ticker.

At the moment i've read BCC is quoted about 0.2BTC. I think is really really high price, don't think it will stay at these rates, many people will dump and it will be like many other shitcoins. Don't understand all this hype about BCC, probably people are happy because if they hold BTC they will have some "free" BCC.

decentralised as it is. no one in control. coin holders all get benefits. buy one get one or maybe two free.

wonderful Bip!

I'm not sure if they even need to pull out their old mining hardware. You don't need to fight for hash power if you're the only one mining! ;D

Say this is like ask why people don't create their own nations instead of try to change the system

Of course it is, if their project was so good they could try to start one from scratch like many other coins have tried and that have become somewhat successful on their own, they are only using bitcoin fame to try to earn some bucks.

they will be able to fork, yes it is an altcoin trying to borrowing the name of the bitcoin, there are a few around, there's a bitcore? does similar things.

No. It's just a fork. The market will decide what they prefer as the main bitcoin implementation.

Well, as long as it is not the classic Bitcoin we know, then it is a altcoin regardless if it is from the original chain of Bitcoin.

I think that they really want to create a new coin just like Bitcoin but they want to implement improvements to it. However, since Bitcoin is tied on the community and they do not have the right to do some changes, they resorted on having fork. Nonetheless, Bitcoin Classic will still reign.

Exactly, everyone is going to dump BCC. This is not more than a publicity stunt. Now Roger Ver has came in the picture and supporting BCC. He is favouring BCC simply because Bitcoin Unlimited is now facing an uphill struggle for recognition.

I do not think they will succeed in that they are trying to accomplish after the segwit proposal passes through.

We will all see. ;)

Exactly and no one wants a copy cat. Bitcoin is the original and will remain as is. Those individual who are really behind this are nothing more than a person who is greedy, and wants to control what is decentralized to begin with. I think it will die a natural death without people noticing it. Bitcoin may be flawed from the very beginning, but I don't think that this split will just patch and resolved the issue. They are just riding on the popularity of bitcoin, but I don't think they will succeed.

Indeed. It is not even asking how much percentage of fork is to happen as it is worthless. The most dangerous fork that we should be worried about is yet to come in the November. The soft fork as idea of segwit is well accepted by everyone and BCC will fall in no time. Let's hope for the things to happen in that way only. The fork 100%. (Dumb idea).

Those bigblockers are all beeing played by Roger and Jihan.

They're like rats leaving there sinking ship to another sinking ship.

They shit on Bitcoin while XT was the best thing ever..

They shit on Bitcoin while Classic was the best thing ever..

They shit on Bitcoin while BU was the best thing ever..

They shit on Bitcoin while NChain was the greatest thing ever..

Few weeks ago Bitcoin ABC was the greatest thing ever while shitting on Bitcoin..

Now those noobs shitting on Bitcoin while Bitcoin Cash is the greatest thing ever..

Pathetic!

It is really about time that these people and what they are really planning be exposed to the public so they can not anymore create fear and push many scenarios that can affect the real Bitcoin. They all have the freedom to introduce any coin that they want but it should not be at the expense of the real Bitcoin. Just adopting the name Bitcoin will not masked their real intentions. Now, this can all be about money, after all. I always hate to think that there are people in the Bitcoin community who are only thinking after what they can get regardless of what are the possible consequences. Anyway, let's just watch what can be on and after August 1...the day we will always remember.

to me this looks more like a desperate attempt to make a short term profit out of thin air. possibly to cover some losses (dare i say the cost of spam attacks). or even to start selling some mining equipment to new miners since the new chain may have lower hashrate and a lower difficulty with one of their pulls on github.

otherwise anybody in this world knows very well that when you fork like this with little support your chain is doomed for a thousand different reasons. and we can see price of it is falling already and the "airdrop tokens" are not released yet!


very good point.

I never stressed myself thinking about BCC in that way. But with your statements there rise a big question regarding BCC being not accepted by the devs. What I mean here is if I know bitcoin or other altcoins are to be taken down then and there is entity being formed for that then I wouldn't support it at all. Neither I will invest into it making my credits about bitcoin very bad. I'm just trying to push the fact that why concern about BCC if it is really a negative role in the story. :-)

I would argue the same thing, bitcoin cash should be considered an altcoin with an airdrop much like clams. A snapshot is taken of the original bitcoin blockchain and the balances reflect on the forked blockchain.

If they really wanted to do this they could have just created a brand new altcoin. However they are definitely trying to steal bitcoin's name and image. They know that if they just created another altcoin they'll gain no publicity because there are so many better options out there that are better than this.

They are going through with it even though they seemed to support segwit2x. If they made a compromise then i wouldn't be angry at all, but now they're just trying to destroy bitcoin by having an unnecessary hard fork that only has speculative value and nobody is going to accept.

i have to agree. and sadly it is causing a lot of turbulence in bitcoin world, a little with price and a lot of it is affecting people who are starting to become uncertain again. of course it is nothing like before and BIP148 split risk because BCC has little support, but it is still a big drama!

the worst part is, everyone considers it an altcoin and yet they insist on forking from bitcoin instead of starting a brand new, "from scratch" cryptocurrency and use it to implement their ideas.

The simple answer: it’s literally just free coins just waiting for you.
The method behind the madness, though, is a decision regarding marketing strategy. As a way to spread awareness to the relevant audience of potential investors and eventual enthusiasts, coin teams will, from time-to-time, do airdrops.
Participating in Free Airdrops
The Tools You’ll Most Likely Need

Here’s what you need to catch airdrops like a stud
An Ethereum Wallet: not one that is on an exchange. It has to be a personal address that is ERC20 compatible because most of the tokens that are airdropped are ERC20 tokens, which are or were originally Ethereum-based ICOs. I suggest using MetaMask or MyEtherWallet to get started immediately, but in the long-term I always recommend getting a hardware wallet like the Ledger Nano S.
The Ethereum Wallet Must be ACTIVE. By active, I mean that you have to show at least some human use of it. Lots of airdrops have checks in place to make sure that you aren’t just randomly generating a bunch of addresses and signing them all up to unfairly obtain more coins. This means that if your wallet doesn’t show activity, it might not receive the airdrop. Sometimes, coins will be explicit in what they look for, including some type of balance in the account.
A Telegram Account (https://telegram.org/): I’m sure there are amazing reasons why Telegram is the chatting tool of choice for many of these ICOs. The coins want to boost the audience count. Usually, these airdrop coins will also require you to sign up for their Telegram accounts. Until you receive the coin in your Ethereum wallet, do not leave the Telegram accounts or you risk disqualification for the airdrop.
A Twitter Account (https://twitter.com/): Similar to the reasons behind the Telegram account, many of the airdrop coins will also require you to follow them on Twitter. Some of them will even ask you to retweet some tweet.
An email address. sometimes airdrops will ask for your email, too. If you don’t feel comfortable with giving them your real email, just create a spam one. Remember the password, though; some of them actually ask you to confirm your email.