Bitcoin Forum

BCC is the sad manifestation of a very small yet very loud group of people who believe they know better for everyone else. They believe they represent everyone while they are utterly disconnected from the silent majority who actually uses BTC on a daily basis.

They are the people you can't possibly argue with, and if BTC was launched with 8 MB blocks, they'd still do the same but with a higher number.

They can't possibly understand that transactions should have a price and Bitcoin is not intended for dust transactions. Even if the blocksize was 50 MB, eventually casinos, dice games and various services would fill the blocks with dust transactions requiring users to increase their fees to compete. It's a very simple notion they can't seem to understand.

After <insert the latest fork proposition> propaganda ended, we now currently have 10223 unconfirmed transactions (which is very low) compared to 100k+ when the network was spammed by supporters of various fork attempts.

And considering how high BTC's price is and how many new people are interested in it, the backlog is really nothing. Besides, with 8MB blocks, the whole network could be spammed for the same amount of money - if transaction fees are linear.

You have to have a market for transactions, because spamming the network will always happen! 100k transaction backlog with 1MB blocks or 800k transactions with 8 MB blocks doesn't make any difference at al - it costs the same!


Besides, transaction fees going to miners are intended as blockrewards decrease...

The whole thins only really going to temporarily set BTC back in exchange of having some power over it. But at least the real BCC buy walls will actually show how many people actually care about this abomination.

PS.: what a dumb name Bitcoin Cash actually is?

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

can't wait for all this bitcoin drama to be over with..

Certainly something to consider. Hopefully BCC will be a massive failure setting a precedent not to try and chip away from BTC with other future splits.

That will be my hope as well, but I remember reading something awhile back where the BCC people bragged they had millions in reserve to handle the fork, at the time I think it was for BU or something, but anyway there was an indication of a lot of money invested in pushing their version of the fork. So now if they changed tactics and will support BCC for awhile, much like I think special interests supported ETC in its early days by keeping the market price artificially high until it found support, it won't simply die and go away easily as we would like.

I don't kid myself for a minute that most people here are here for the quick money that can be made and they could give a rats behind about the tech or which coin is number 1 as long as they can make a profit. So if the split gives them free coins with some value, then I do not see BCC going away anytime soon. I can see it (BCC) dropping down to $100 or even a bit under, but that is no means a recipe for disaster as it wasn't too long ago that BCC was trading at these levels.

can't wait for all this bitcoin drama to be over with..

I totally agree with you there. Just a few days to go.

The drama will be over and BCC will surpass BTC if BTC doesn't fix its delays with transactions

I agree, this is the reasons why Bitcoin become unstable and lost it values in the past weeks, but many of them believe that Bitcoin cash can be the answer of the Bitcoin problem, but up until now there are a lot of rejection, let's just see whether this coin will survive or just another failure coin like everyone predicted

Stay calm friend, we just enjoy BTC soon going to moon. BCC will not replace BTC. I'm sure of that.
BTC will be more loved, we'll see the end of the story of all this. 8)

Same. Then again the next drama is probably only weeks away...

can't wait for all this bitcoin drama to be over with..

Same. Then again the next drama is probably only weeks away...

The drama will be over and BCC will surpass BTC if BTC doesn't fix its delays with transactions

Stay calm friend, we just enjoy BTC soon going to moon. BCC will not replace BTC. I'm sure of that.
BTC will be more loved, we'll see the end of the story of all this. 8)

And what would be the next drama after this?

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

Bitcoin is Bitcoin.
Bitcoin Cash is a Bitch.
Light up and hold the Bitcoin 8)

no dude,
bitcoincash (bcc) is released on a common decision and can take the place of bitcoin forward. because it is both faster and more technologically advanced.

Stay calm friend, we just enjoy BTC soon going to moon. BCC will not replace BTC. I'm sure of that.
BTC will be more loved, we'll see the end of the story of all this. 8)

I don't know but I'm sure the losers after BCC will think of something.

If BCC is of no value to you and you really hate it and you wish it to die as soon as it came out. Will you just give it to me? Say yes and I will make a list of names who will say yes then once August 1 come i will collect my BCC from you. Is that ok? Im helping you in a way. Lol

But im sure you wont give it because of greed. You just saying you dont like it but you dont want to give it away.

Give it to me ok? Just say yes.

7. No begging. [5]

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

And what would be the next drama after this?

Indeed, it is a useless project, which is not good for the crypto-community as a whole.

But what's the benefit of BCC then?

Big empty or cheaply spammed blocks?

Cheap transactions benefit everybody, not just the spammers. A lot of gambling sites/micro transactions have become infeasible due to high transaction fees.
I would love to go back to the days of *zero* transaction fees (for high priority transactions, of course).

It might be a good kind of parasite if you will ask me. With the first notice of BCC when it came to news, there was situations when people started panicking, went to wallets, exchanges and started selling down everything they have got and ultimately big dump started to occur. This was first good thing because when later the news came that BCC won't be having much support and BIP91 is stable then the price started rising and people invested like Crazy. Now that's the period when smart people invested money and got rich too. That was now good parasite for them. It made bitcoin more healthy.

Bitcoin is Bitcoin.
Bitcoin Cash is a Bitch.
Light up and hold the Bitcoin 8)

I agree, this is the reasons why Bitcoin become unstable and lost it values in the past weeks, but many of them believe that Bitcoin cash can be the answer of the Bitcoin problem, but up until now there are a lot of rejection, let's just see whether this coin will survive or just another failure coin like everyone predicted

I think the lesser people will support this "free coin" the lesser it will succeed.
Great community support is a big factor here.
But I heard some rich chinese investors funded or supported this coin and that suddens me as we all know chinese are capable of doing anything.
Just hope this coin will soon be consider as shitcoin.

The next drama is the upcoming hard fork to 2 mb blocks as agreed by the new york agreement. A significant portion of users disagree with increasing blocksize, and perhaps 15-20% of miners as well. The drama and panic will resume once this becomes actual.

When do you think this is about to happen? This type of drama will never stop, though I was a couple of years in the market already and there's a lot of this issues that will never get old and stop. Is somebody here thinking that there will be another bitcoin alt coin that is about to be launched soon as this BCC will never succeed?

Cheap transactions benefit everybody, not just the spammers. A lot of gambling sites/micro transactions have become infeasible due to high transaction fees.
I would love to go back to the days of *zero* transaction fees (for high priority transactions, of course).

Hardfork and coin split is always a possibility here. As much as almost everyone here does not want coins, most especially bitcoin, to split, we cannot control them. Disagreements are always there and so coin split is always there as an option. There is indeed a possibility that when BCC will end up garbage, they will try again next time very soon.

Yes, but it costs the same to spam 1 MB blocks as it is to spam 8 MB blocks with 1/8th of the fees.
It won't change anything. Dust transaction will get pushed out even if we'd have 1 GB blocks.

We currently have less than a thousand unconfirmed transactions. And we had 120k weeks ago when it was spammed.
Let's say the spammers spent 0.5 BTC per day (random guess) to spam the network, they could spam 1GB blocks for the same cost if fees are proportional to block sizes.
A fee market is unavoidable and that's fine.

But even if there were no fees, you couldn't pay for your coffee with 10 minute block times in case a block is not being found for like 30-40 minutes due to variance. There are hundreds of altcoins for your coffee and dust transactions.