Bitcoin Forum

So bitcoin cash has emerged, got decent support and it does look like that it might stay that way.
So here is my newbie question:
What bitcoin problems does bitcoinCash solves?
Is it slow confirmations, high fees or whatever else?

How is it different than bitcoin? And is it actually an improvement to the bitcoin?

no it has no support yet. in fact there is no way to tell right now at the very least.

and it not only didn't solve anything but in fact it added a lot more problems. now you wait an see.

How it it different than Bitcoin?
And why do you say it does not have any support? What does coinmarketcap says? Its number three there, don't it mean that people are actually claiming their bitcoin as bitcoin cash? How else it could be so high there?

it did not solve anything.
they only thing that bitcoin cash changed is the max block size and increased it to 8 MB. it does not make bitcoin faster. blocks are still being generated with the same interval (which is about 10 minutes on average) after the difficulty is adjusted. and this increase to 8 MB will cause a lot of problems in the long run and will eventually centralize bitcoin.
imagine a network where you can only connect to a couple of "mega servers" instead of a decentralized set of nodes around the world.
if you think mining is centralized to China, then wait until Nodes are also centralized to China and they reject your transaction because they don't like you :)

Coinmarketcap is based on number of coins generated so it has nothing to do with claims and while exchanges have their deposits locked there is a ton of BCH in the side lines just waiting to be dumped which will drive the price right down. Untill the market is open to trade its value is undetermined.

If segwit ends up having bugs, as some suspect it might, bitcoin cash is the logical replacement as every bitcoin older will own same number of coins. If that happened (segwit disaster) every bitcoin holder will support bitco7n cash, and with larger block size network scaling problem is taken care of.

Bitcoin cash is a segwit insurance policy.

The normal bitcoin chain could still choose to implement the bitcoin cash solution on the main chain.

Imo it is nothing more than an alt with a nice value at this point.

Since a lot people sold their BCC, I don't think they will consider BCC as a backup of BTC even when segwit ends up having bugs.

its slower than the new segwitcoin. bcash is for satoshi lovers who want to follow his bible.

Insurance policies usually don't need activating, but if the event you didn't insure against happens, you can't then insure yourself after the fact.

If the main chain adopts segwit, and it looks likely, and then segwit blows up, which is possible, then having bitcoin cash already up and running will save 'bitcoin'.

Of course, there is good chance it will not be needed, but I'm glad it exists!

BCC or BCH solves only the backlog issue, just like Bitcoin with Segwit. It's still weak, slow, can't do instant transactions and tries to ride the Bitcoin name. It's a pyramid, Ponzi, whatever you want to call it but its only investor supported.

Yes, but those who sell their BCC made their choice, just like someone can cash in a life insurance policy for instant cash sometimes, and then forgo the insurance cover the policy entitled them to.

If segwit blows up BCC will take over, or at least there will be strong momentum from majority for it to do so.

Interesting. Though many bitcoiners did sell their BCC, so even if segwit has problems they'd prefer to deal with the problems on their own - otherwise they lose their investments.

I don't think that there is something that bitcoin cash solved because for me, it was just a forced fork in bitcoin so they can have an another coin to get some profits and also to get some free money with it but in overall, there is no change in having bitcoin cash aside from upgraded block size.

Exchange deposits for BCC are still down, so most bitcoin holders have not sold yet afaik. If segwit has bugs the segwit chain is dead BECAUSE the BCC chain already exists, and why revive a dead bitcoin if a carbon copy distribution from 1st August is alive and well?

There will be only one bitcoin after this, either original bitcoin with segwit & BCC as an alt coin OR, BCC becomes bitcoin, and the old segwit buggy version dies.

Just interested, why both of them have almost same circulating supply?

Imagine someone close to you was about to undergo a major surgical procedure like a transplant to extend their life. The transplant might save them, but the surgery might kill them. Imagine Dr Spock beams down from the future and offers to make an exact duplicate of your loved one before the transplant operation, and keeps them on another planet - if the operation kills your loved one, Dr Spock will beam down the duplicate, but if the operation is successful the duplicate lives a happy fulfilling life on planet alt coin.

Yeah i agree with that i see only the same as an old bitcoin version we all want the cheaper transaction fee secure and faster transaction so i think that was good for new bitcoin than bitcoin cash only miners can benefits this coins because they can mine more coins for big size blocks.

yeah.it looks like ETH and ETC
you can see that the ETC always follow the ETH rise or down,
it just some guys wants to get more free money from the market!

Since bitcoin cash, also known as bcc or bch is still new to industry, its effect on the state of bitcoin is still indistinguishable. But later on as we familiarize with the bitcoin cash, we will notice if this new type of cryptocurrency has significant impact on bitcoin or nothing at all.

Yes this the right answer, if segwit will be successful bitcoin cash remains as an ordinary altcoin.

I think I agree that sums it up right now most of the money and hash power is staying with the segwit chain but if somehow it blows up.
all the money will move to bitcoin cash probably a good reason to just not sell either.