Bitcoin Forum

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  

I smell blood in the water.

Because Core literally is Satoshi's creation (acknowledging there have been some modifications and enhancements over the years).


I'm glad you think so, a solution to chain scaling is what we need...I'd prefer it not be called Bitcoin Cash, but solving the problem is paramount.

I think you need to be more clear with your advise. It's not "don't sell your BCC", it's "don't sell". Everyone (with private keys) will get an amount of BCC that equals the amount they have in BTC. For example, let's say someone owns 100 Bitcoin. They will then also own 100 BCC. If they sell 10 bitcoin, they will then have 90 bitcoin and 90 BCC.

The more I read posts today the more it sounds like people think they're getting something for free. They're not...they're just getting the option to convert existing Bitcoin to Bitcoin Cash.

Can I send my BTC to Bittrex tomorrow, then within the wallet what stored my BTC recover the seed to get the Bitcoin Cash? I hope I'm not too late to dump this bitcoincash shit before it drops into single digits... :(

Only thing I'm worrying about, losing profit on my free coins.

How would the BCC chain know what coins you spend on the BTC chain and vise versa? Wouldn't their separation mean you could sell both 100 BTC and 100 BCC? After the split the two chains will not interact or connect at all and only share the historical block chain, so how would they know you spent 10 BTC or BCC to take i from your balance of the other?

WRONG. Don't listen to this person.

Yes, he HabBear has no idea how it works.
Once the fork is complete you will be able to move your private key to a wallet that supports BCC and be able to spend your BCC. If you spend BCC, your BTC will remain, so you ARE getting something for free!

lol, apparently a bunch of people don't know how it works, if they did alts would be WAY down like 500%

Yeah, but if some BTC exchange doesn't support BCC, they can try to steal your BCC whilst you transacting your BTC. Coz keys are equally apt for both currencies, aren't they?

Will u take the same bet, your BTC for my BCC, 1:1? If you support it and think it should be number 1, take the bet.

Cause if u wont take it, I ll be dumping my BCC as fast as I can. Bullshit coin which brings nothing to the table and is supported by 1 SINGLE POOL wanting to make money on it. 1 SINGLE POOL! I wound even call it an altcoin. For that a coin need to have more support.

Who cares which one is the "real" Bitcoin? I want the best Bitcoin. After years of argument, we shall soon find out which one is best.

Bittrex has already closed BTC deposit/withdrawals until after the fork. Maybe Kraken still accepts BTC. Still, cold storage is the safest option.

Wow, thanks all. I stand corrected. I just had to verify it for myself here (https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f).

I'm shocked, to be honest. This is the exact opposite of how it would work in the "real" world. Seriously.

The reason I thought the two blockchains would talk to each other post-fork is because they're talking to each other before the split to know how many bitcoin sits with each address (and therefore how much BCC to allocate for everyone).

The Bitcoincash.org website has such little official information of how this works (shocker) that it's easy to assume the path forward would be the one that keeps everyone's balances the same, rather than doling out free cryptocurrency.

Incredible. Thanks for keeping me correct.

The problem with Bitcoin Cash is that they have a very small share in the bitcoin mining, so they can't do much and will be an altcoin. The "correctness" on the tech side is difficult to say, you can have different ways to perform the same thing.

They point of a coordinated event is for the miners to agree to switch to bitcoin cash at the same time (or following the same starting point). You can't use past mining power history as an indicator of future mining power history. Tomorrow (today for some) miners are making the decision to devote their mining power to the new currency, thus giving it majority share and the power it needs to be "the longest chain".

Technically all we have to do is hold both chains, then theoretically no bitcoin user can lose unless we ALL lose. If we all lose, I can only chaulk it up to the herd's own stupidity.

No reason to argue over it, let's see what does best.

I'd take this over 2 years of stale-mate anyday.

What will be interesting is the whale games... there's two groups of people with deep pockets and a reason to make sure their side wins. We are liable to see huge fluctuations in both coin's price as the whales battle it out. We are also liable to see information released during this time to try to make one side look better than the other.

TinFoil Hat Time: Imagine if Craig Wright proved he was Satoshi right after the fork? What a shit show that would be lmao, I can't think of a better way to make a kagillion dollars than proving your fork is the actual vision of Satoshi himself.

Lots of profit to be made for the unbiased, risk hungry trader.

I feel Bitcoin cash is dead on arrival as it lacks the true originality of Bitcoin from what I've read and observed so far. I don't know how they are going to convince neutral minded people with the proposal of their new Altcoin. Smh

What's the interests for most miners to switch? I don't see any. The main bitcoin will continue to dominate, any side fork will not be significant at all.

The chain that has the most hashing power behind it is the "real" bitcoin. The other is an altcoin. That was Satoshi's design.

LOL :D yea... fork yourself away and HF fun mate then if you can make it BIG do it.
I don't even belive such idiots exist. Maybe in long rund you will fill blockspace but it will be really hard for you.

Core is not the same team of developers that it was back when satoshi was around.  You have to understand that in a permissions system, any and all implementations and forks can exist.  The debate that's really going on is whether they think BCH is viable as a currency and whether its developers are competent, but some people weirdly delude themselves into acting like only Core could ever be competent, and that seems like a dangerous mentality which you're on the brink of having.
You are incorrect.  In the long term, miners will just follow the economy.  If BCH is given a price of 0.25 BTC, then in theory it would end up with 1/4 of BTC's hashrate.

They wouldn't do it exactly, but just like how a lot of GPUs are being bought for altcoins, it's all about the pursuit of profit.
I agree.  I think that people let their opinions get in the way of their judgement.  Even if you don't like BCH at all, you have to recognise that it could easily have a lot of hype in the future with the right whales.

I'm sorry, but nobody trust bitcoin cash here. We all know bitcoin is the genuine one and all other forks will be very manipulative as the time goes by. We don't want to be fooled by capital holders of forked bitcoins...

Bitcoin cash has nothing to do and will be dumped hard after the distribution.

I currently hold btc on an armory wallet that I've set and left untouched. Sadly, on a different machine, and haven't fully downloaded the bitcoin core blockchain just yet, so I can't move things around.

Will I still be able to claim my equivalent of BCH, even though Armory doesn't support it? What will I need to do to claim my share of BCH if I can't transfer my BTC to a BCH compatible wallet in time for the August 1st split?

It is a really interesting analysis and it might be true that BCC is following the foot steps of satoshi's white paper and as long as he is not available bitcoin has to move forward and must have the necessary upgrades to keep bitcoin in par with the increasing number of users and i think it is not that bad to have two competing coins. ;)

Even before the Bitcoin Cash is made a reality it's value is plummeting and it's doing so on a daily basis, I guess some people will like to buy Bitcoin Cash just because of its low and hope in anticipation thay it will soar just like bitcoin is in the near future, it may work out and it wouldn't hurt to keep your Bitcoin Cash.

And this is what I don't understand.

I can already convert regular Bitcoin into cash.

I have no reason to believe "Bitcoin Cash" will be worth more than normal Bitcoin so what the heck good does it do for me?

@RawDog, well i'm not part of the technical nor the mining group but, from most of the articles  published on the web in regard's to august 1 splitting[ref. #1 (https://www.cryptoninjas.net/2017/07/17/must-read-segwit-decision-tree/) , ref.#2 (https://blog.coinbase.com/what-is-a-bitcoin-fork-cba07fe73ef1) ] segwit seem to have a clear & longlasting solution that will be able to address the blockchain/delay during confirmation .

NOTE : but, it's too earlier to jump to conclution because most of the miner's & technical groups still have lot of time to test the various software after august 1

Thanks
Bitcseo

Here is: https://bitcointalk.org/index.php?topic=2044085.0 real Bitcoin

Bitcoin Cash isn't meant to be "original", it's meant to be an improvement on Bitcoin. And improvement that ensures scaleability of transaction sizes up to 8mb (from the current 1mb). That feature alone is meant to create lower fees and faster transaction times.


So I suppose you think miners would prefer higher fees? Slower transaction time means slower mining though. That would interest miners on the fundamental and principled level.


If Craig Wright proves he's Satoshi I'd abandon Bitcoin forever. That guy is the Donald Trump of Bitcoin.


I was wrong, btw...in what you quoted of mine. BCC does you good because if you own the private keys for your BTC you'll get the same amount of coins in BCC, no questions asked. If BCC appreciates in value that value is yours to keep. That's what good it does you.

I don't get what would be worth after the 1st, whether BTC or BCC and whether the current exchanges would support BCC as well and how to store the coins safely. Many don't even believe in BCC's value which means it may get dumped on exchanges and 1:1 isn't going to happen. Don't know which coin would remain dominant in August. All trades are put on hold for the next two days.

That is to be seen in the coming week,i am really interested to see whether we could see the real satoshi coming back to claim his coins and if Craig Wright could really prove that he is the real person behind it then it would be great,only a crazy genius can build something technical and sophisticated technology like this.
 

Nothing is flawless in this world, so a person or system needs to be upgraded to function properly in a dynamic environment. I believe that's what happened to bitcoin. With SegWit activated, bitcoin will be ready to perform better than previous systems. That overhaul was needed because transaction fees was getting higher and confirmation time was becoming longer.

We all know that, in this world only fittest can be survived and thrived. Anything less effective will have to be replaced by a more effective system. Bitcoin's price was crashing due to all the faults in the system. And now you can see the market is riding high with expectation. SO even if bitcoin deviates from the Satoshi's whitepaper. We are going to support bitcoin.

Who cares. Yes WHo cares. Only greedy who cares. BTC is BTC. " Correct" BCC isn't BTC. The middle abbrevation is C not T. Everyone know BTC. Ask exchangers to accept BCC if they will in your country to change with fiat. I think their prefer BTC and reject BCC. It means BCC is worthless.

If you so optimistic about Bitcoin Cash, exchange all your BTC to Bitcoin Cash after fork to show your support to real bitcoin!
Exactly! BTC will always remain BTC, not BCC or BCH. By miners, business and people support, Bitcoin remain to be Bitcoin and Bitcoin Cash is just an altcoin.

So you represent everyone here? Do you not think Core works for capital holders? Also, I am sure you think this BCC is untrusted and manipulative. However, instead of ignoring it (let them try establish a worthy coin) you take their gift of 1:1 coins, and dump them, affecting everyone that believes in BCC. If you don't care, why boicot it (and try to profit from it). It doesn't seem like you don't care. Maybe you want an extra buck and to critics others work.

Core vision for Bitcoin is also unexciting. I don't want Bitcoin be for long haul "transport" supported by side-chains (each of which will be owned by big corp interests). I prefer BCC which -and even if it fails- tries to keep everything on chain, as true bitcoin, and not as "daddy hey trucking" coin that is being proposed for BTC.

He's not Satoshi. He probably wasn't even part of the team of people that have been theorized to be "Satoshi". Listen to how he talks about bitcoin and what his comments lack. They lack a definitive explanation for why things were set up the way they were from Satoshi. Craig is against SegWit but is for the block size expansion, yet he can't explain why the block size was restricted to begin with. This is information Satoshi would know.

Aside from that, the guy's speech is so clumsy and uninspiring. He doesn't appear to have the wisdom and grand vision that someone like Satoshi would/should have. I'm digressing.

Common sense would dictate that they like whatever brings them the most profit.  Unless BCH starts filling the blocks and people are setting transaction fees, it seems likely that miners would prefer the old chain in the regard.  However, there will still always be miners on the BCH chain depending on the price anyway.
Not really.  It's not like BCH will have as many transactions sent as BTC.
You're making the assumption that the money going into BCH is "new" and that none of it just moved from BTC->BCH.  A lot of the "free money" will not be like that at all.

I've made some nice money today selling my BCC, we'll see if it was a good decision. If they're giving me some free money, i'd be dumb not to take it. Why sell not hold? Because I don't believe it's an important coin. It doesn't have any features that would motivate people to use it. It's current price can crash into nothing very quickly, so I'm choosing to ride the wave while it lasts and dump it.

Bitcoin Cash look like scam. https://www.btcforkmonitor.info/ Not yet can handle transactions.
https://bitcointalk.org/index.php?topic=2044085 THE BITCOIN-CLASSIC OF 2014 is good

Bitcoin cash? The name is not suitable as the term 'cash' alludes to privacy. Bitcoin with a separate ticker would of been fine [XBC]. See Bytecoin [BTE] and Bytecoin [BCN] for historical precedent in crypto-numismatics.

Dumped Bitcoin cash on Bittrex. Free money, I cannot complain to that. Still cannot believe there re idiots who d actually buy this.

Whom you are telling idiots tomorrow when the price goes up that time you will feel sorry and they will enjoy it, in yobit the price is moving faster then BTC

I don't know how can I use the BCC but later on may be it will be. Bitcoin have the price in the market cap? Do you have any link about BCC? I hope I will understand everything about it and which I can use in my transaction later.

As for me so it is necessary to take coins while they are at a miserable price. They then all will grow in price