Bitcoin Forum

It would be interesting if there will be another coin splits  ;D

https://news.bitcoin.com/segwit2x-and-the-tale-of-three-bitcoins/

Do you think it will happen?
WHat do you think?

with that definition there are at least 200 bitcoin because about 200 (give or take) altcoins have forked from bitcoin. a lot of them have actually given airdrops like BCC to the users and hodlers of bitcoin.

a correct definition however is, bitcoin is what the consensus says it is. and you already know what the consensus rules say bitcoin is.

If core still ignores miners and NYA  when building 'consensus' code ... there will be more shit happening - YES.

Agree ...
however, others will be referred as altcoins

but these ones are still regarded as "bitcoin".  I would say the untapped market is still way too big for all the three to grow :)

I would not mind if for every fork I would be receiving some free coins into my account in the exchange that can be supporting the new altcoin. However, I think this whole thing has to stop because it will make Bitcoin look like a joker. Anyway, I am sure it would not really happen that way. One split I think is enough. Not unless we want to make this whole thing a big comedy then we can have a good laugh.

haha, i am with you on that. the free money is always welcome.

but at the same time this can be a good thing too. for example when things like bitcoin cash fail eventually it proves that when you make a contentious hard fork it is bound to be doomed. and will prevent any similar actions in the future.

But is it necessary to get a free coins? and that we know that this kind of coins are just a waste of time from the start, I really think that it became a real shitcoin that are only good to dump, well let's just wait for more years to come if this kind of coin can have a real value. and I really think that the split should be enough and regardless of a notable free coins it is still suck to expect anything from the start.

Couldn't have said it better. There is only Bitcoin and there are alternatives, regardless of whether or not they were forked off the legacy chain. And if consensus lies in a future fork, then that "technical" alt will be Bitcoin.

P.S. I knew there were a lot, but 200?

Most miners and Bitcoin economy including exchanges are behind SegWit2x, effectively enought to call this version Bitcoin. But it is likely there going to be 3rd version of Bitcoin in November, because there might be enought support for a new version of Bitcoin not honouring SegWit2x, thus exchanges might list this new coin as well.

Absolutely,such hard forks happening and failure of coins got after it only increases the trust over bitcoin that it could not be destroyed and bitcoin price and demand increases more than it was before.But these people like Roger ver who recently became bitcoin antichrist would never get a lesson and they would still try to do such acts even in the future.

The hard fork in November can not happen, and therefore will not happen. There is absolutely near-zero support from the community and likewise from the developers. There will also not be "3 Bitcoin". There is 1 Bitcoin, the rest are altcoins. Bitcoin Cash (aka bcash, aka BCH) will always be an altcoin, and the same will apply for any controversial hard fork.

Bullshit. Just because you slap the name Bitcoin in front of some word and premine existing balances, that doesn't mean that it is Bitcoin.

That is a problem though. Continually having splits is driving the community apart. There isn't that many of us in this community as it is, and now a lot of people are switching sides and choosing a side to stick with.

I do not think there will be a 3rd split but a lot can change between now and then.

I am keeping an ey eon BCC or BCH or whatever people want to call it. Ihave seen their mempool getting cleared and no one is complaining about their nodes not working or anything. It may turn out to be their max 8MB block size really isn't a problem as many seem to think it is.

At any rate, it is a good test to show what happenes when BCC can do up to 8 MB blocks. I Imagine if they do well for months that a 2MB increase may come to BTC.

Satoshi had it planned for on-chain scaling as his idea for the future. We will see.

Another type of attack on Bitcoin*.

No. A lot of the people who threatened to leave for BCH (unfortunately) did not. The people with common sense will stay with the experts and majority.

1) The mempool is empty because nobody is using that shitcoin. It did get some transaction volume as people were rushing to dump it.
2) A maximum block size of 10 TB can't be a problem if nobody is utilizing it. The same applies for the 8 MB maximum size on their chain.

Irrelevant, usually miss-quoted and just outright stupid.

Sigh ...  and just because you slap 'core' on some code it does not need to be good or consensus....

The NYA is active consensus  - go play with your pets and do not destroy Bitcoin (Cash or notCash).

I think there is a serious chance that Segwit2x will not be taken up, and that the miners will feel betrayed and turn their hashing power to Bitcoin cash. We are not out of the drama yet :)

Bitcoin cash regards themselves as the real bitcoin.
And I also believe if they did not use the word "bitcoin", used "bcash" for example, they would fail on the first day.   [ no offence just personal opinion ]

What do you think?

in my opinion it is not just the bitcoin name it is also building on top of bitcoin chain!
and it will fail or at the very least have a very tough time in the world of cryptocurrencies because of that. there were 16.4+ million coins available (some call it premine even) and people are dumping that and dumping leads to panic sell and leads to lower and lower prices.
low prices lead to low profit for miners and them leaving and their leaving leaves the network vulnerable. of course there is bitmain with all their hashrate which are backing it up, i am sure.

if they built something from the ground up it would have been a lot more successful than this. it may have even be worth at least 0.5BTC right now. for you see mining from block 0 could have meant no premine, no dump, and even regular users mining it. that is how all the rest of the altcoins work so far.

I wouldn't be sad at all with one or more forks.

The previous one has been...lucrative, and free money is always welcome

You're an idiot. Why are you still on this forum?

There is no consensus on the 2x part. You can't force consensus changes on the people.

If I create an altcoin and name it Bitcoin CATE, and I say it is the real Bitcoin, does that make it so? There you have your answer. Bitcoin Cash is just a premined altcoin.

Bitcoin Cash is an afterthought. It's an altcoin without much support from any of the ecosystem (users, services, miners). I'm much more interested (and slightly worried) about Segwit2x. A lot of bitcoiners are against hard forks 100%, and after having it explained to me a few different times, I can sympathize with that.

But it seems like the vast majority of miners and Bitcoin businesses are behind the Silbert agreement. That sounds like a recipe for a split! If Segwit and the improvements it brings (along with LN) alleviate congestion on the network with real scalable solutions, I could see miners and companies defecting from Segwit2x. For now, though, anything could happen.

It would actually be very interesting. Moreover, everyday isn't Christmas and I am not sure such would happen anytime soon. In as much as bitcoin cash came with a presumed war, Bitcoin conquered and will always do apparently. It seems though that BCH is getting back on its feet gradually or is it just another quick pump?

After all see what will happen to the bitcoin cash I think miners will be more cooperative. No one wants to lose their money due to unnecessary ambitions. I am sure that bitcoin is not threatened.

Just a classic pump & dump, i.e. speculation. Most of the coins on coinmarketcap are not even worth 1/10 of their valuation (speculation put aside). I don't mind though, it recovered in time for me to pull more funds to dump.

Bitcoin Cash has nothing to do with Bitcoin besides taking a snapshot of its balances.

I wish i didnt agree but I do. I really wouldnt like to have another split. But I am afraid that if the 2X split happens, it will be far messier than the August 1st split. Its going to be an interesting 3 months. Lets hope all parties involved act like adults and do things as planned. No more suprises.

Only 1 Bitcoin,
the BTC is the only one,
all others are something other,
there can be only 1 Mum!

There is no premine. A hardfork is a split of 1 chain to 2 chains and each chain will have their own software/consensus/protocols/codings/etc.

There is no premine at all.

Both are bitcoin since it derives from the original bitcoin chain. One is Bitcoin Core and the other is Bitcoin Cash. Neither are original anymore. A slice of bread = original. Cut it in half you get two halves bread of 1 original bread. The original bread no longer exist. The original bitcoin existed until the hardfork.

The total value of both coins currently hovering over $3700, which has demonstrated that there is an increased market for both bitcoin to exist. The other altcoins are going down. I do not know about you, but i will say this, "Long may both bitcoin chain prosper."

https://github.com/bitcoin/bitcoin/pull/10982 (https://github.com/bitcoin/bitcoin/pull/10982)

this could make fork more likely

I get your point man. Tho we all know here that we are trying to fix the current bitcoin situation in which is already worse the fees and the transaction process are getting ridiculous but i would have to agree with you that creating another coin is not just the solution

Exactly , Bcc has no value . Its just that BCC has been given as free to all those who have BTC. You can say people got bonus/ gift on keeping the bitcoins with them save. I Would surely suggest people to sell Bcc at good price now and buy more bitcoins which is the real digital currency.

I hope so, I need more free money!

People should do a fork every week, there will always be schmucks to dump on.

It is a premine per definition of a premine.

Which is an absolute lie. Bitcoin Cash is an altcoin.

One is Bitcoin and the other one is an altcoin.

That's not what a hard fork is. Are you stupid or just paid to write nonsense like this?

If someone paid me to write nonsense, i would never earn a penny.

Yet still the other one is the bitcoin and the other one is obviously not. A spaghetti contains pasta a carbonara also contains pasta but in the end a carbonara is not a spaghetti and same as goes to a spaghetti is still not a carbonara even if they both made out of pasta

A penny for you...

Who is responsible for the "unknown" hashrate on bitcoincash?

http://bitcointicker.co/bccminingpools/

You are full of nonsense; all claims that you've made are false.

Who knows? Their difficulty has been dropping, thus any minor miner on the Bitcoin network can appear as a major one in the BCH network.

I like how your username is Bitcoin Hodler and you mention Hodling Bitcoin in your posts. ;D

That is the definition of staying true to your name. :)

intuitively i was expecting a selloff of BCC once people got the free coin, but that doesn't seem to be happening. is this just a matter of liquidity?

I'm no Bitcoin Cash supporter, but let's be clear about this. If this hard fork is just a snapshot of the UTXO set, so is any hard fork. This would be true of the planned November fork (which seems to have significant support among businesses, the miners and the community). I'm generally against hard forks (as upgrades), since I see blockchains as opt-in systems. Opting into a hard forked blockchain means leaving the consensus. That's fine, but it wouldn't be Bitcoin anymore.

There is also bitcore (btx) , already has segwit activated, bloom and 20mb blocks.

oh lauda. if that were true then segwit wouldnt have been activated.
segwit got activated by bypassing 'the people' (via pools only activation(softfork)) and then forced pools to accept it or get blocks rejected. basically "the people" had no say.

it got activated by fear and emotional insecurity

open your eyes

yea yea i know your going to word twist things and say "but segwit was not consensus vote. its was a forced activation of protocol changes of a details held in a file named consensus.. rather than a true consensus vote being forced. (2 different things)

but you'll be missing the point.
certain changes should only be done by bitcoins true consensus, no bypassing it like core had done and will do again. no coercion / threats via UASF UAHF.. only by true consensus agreement

It's getting there ...  ;D

https://news.bitcoin.com/bitcoin-software-wars-the-battle-between-nodes-hashpower-and-developers/

There is nothing to get interested to see bitcoin splitting in to more coins.Some miners,companies and users have decided to do another hard fork activating segwit with 2 MB block size as per the New York Agreement they have signed in may 2017.They have agreed to do hard fork from six months of signing the agreement.It seems that unlike BCC,this time more miners would support segwit 2x.We could confirmly say that one of the three version is going to die and we would have to just wait and see that whther it would be BCC or Bitcoin with segwit 2x.

From some websites , the core developer seems reluctant to go to segwit2x direction, they got segwit in place and bch/bcc is HF for 8 Mb block.
So no point to again HF to 2 Mb?
Instead they will go to lighting network implementation.

what do you think?

I see that there are some people here who are still in denial about Segwit2x. The top merchants have signed and they are supporting it while 90% of the miners are signalling that they would also support it.

Its just like in the real world. The ordinary people have no say in it even if they think they do.

Ordinary people you find are just moaning, some do even stupid terror with war hats.

If all would agree, that small blockers would take it serious with the 'decentralization issue', they needed to be real users and start mining, despite simlpe butt head moaning. Then bitcoin is better off , but sadly we cant fix stupid.

Segwit2x  is approaching. Another fork of bitcoin is planned. The price for bitcoins has flown to the moon)) we are waiting for the return after the segwit.

Bitcoin fork looks like is turning into the eth tokens episode, wich keeps coming one after another, not saying is bad, but atleast the tokens has some purpose and are different in the general, each token is designed to do and provide some service or project. Unlike the bitcoin forks wich looks like had becamed an airdrop to bitcoin holders, wich makes people interested into free money, knowing all of these started because we need bigger blocks to handle the raise into the transactions, and boost the confirmations period, all we wanna is faster transactions, something segwit should be able to handle.

there is another segwit-2x in progress, but I believe it is from the different team ...