Bitcoin Forum

So everyone is fighting to argue that their prong of the fork is the 'real' bitcoin.  But that distinction is clearly behind us now.  There is no 'real' bitcoin.  Rather there are 3 prongs each of which share the same genesis block and early history.  Bitcoin now includes:

• Bitcoin 1 : Bitcoin Cash
• Bitcoin 2 : Bitcoin SegWit2X
• Bitcoin 3 : Bitcoin Core

To help all members of the community, it is beneficial that everyone stop fighting over who will be the 'real' bitcoin and clearly distinguish between all three viable networks.  Further fighting over the 'Bitcoin' brand is damaging to all three.  When writing about your favorite prong, please use the designators above.

Why do we even need all these separate versions anyway? It seems like the original Bitcoin was working great. Doesn't seem like Bitcoin Cash is doing much of any good.

I would be interested to see if more forks happen in the future. We're less than 10 years into Bitcoin so in 100 years who knows how many potential forks or splits can happen.    :o

They each have different performance advantages that some members of the community believe are important to the future uses of their respective networks.  

The 'original' Bitcoin was working horribly.  The transaction capacity was topped out.  The fees were exploding.  Something needed to change to scale.  All three versions agree with this.  But all three versions chose a different solution for scaling.  

Forks are good.  Don't fear the fork.  They allow everyone to really see how the performance works in the real world.  Pre-fork, everyone merely speculates what would happen if certain rules are adopted.  They usually miss the mark by a mile.  Once a new network (prong of the fork) is launched, we can really see whether these predictions are true or not.  

Only short sighted profit mongers worry as a fork can reek havoc with price stability.  But really fucking smart guys like Andreas Antonopolous welcome the fork because we get to see what really happens instead of merely listening to a-holes like Greg Maxwell who like to tell everyone how the world should fit his personal vision.  Maxwell wants you to just listen to him and his fancy PhD and do whatever he says - backed by continuous manipulation via censorship and DDOSing the opposition.  AA wants the system to naturally find its way.  AA wins everytime. Thank god we have Jesus to save us all; Roger Ver is giving the fork an opportunity to work.  ;)

Agreed. If anything, all this fighting has taught us that variations of Bitcoin can exist. And I do think more time needs to go by for us to see the real consequence of the forks but would there not be an immediate break down if one were to occur at all?

The fighting needs to stop. If people want to change things they can drop an ICO and see how it goes.

I don't understand why there would be confusion in anyone's mind although for newbies, it might create some amount of confusion aside that I see no issue and with proper amount of information, their ignorance is cleared. But for everyone who is already involved even if there are 5 forks we all know the platform I mean the original body they are coming out from and those are the ones that decides what happen afterwards.

Realistically, after Segwit is activated most people will switch over to it. Why? Because it allows for Lightning Network which we desperately need in order to reduce transaction fees which are currently outrageous. IT will also speedup transaction times as well. I don't know why some people dislike Segwit. It makes perfect sense.

"There can be only one" - Highlander

http://www.communityfunded.com/wp-content/uploads/2016/07/highlander_there_can_be_only_one_quote.jpg

All the others are Alt coins and a cheap ripoff of the original design. The Bitcoin network will determine the winner in the end and the users will decide what they want to use. Would we see Bitcoin Cash be used for micro payments and Bitcoin Core for store of value? Time will tell. ^smile^

What?  If you don't like high fees and slow transaction times, use Bitcoin Cash - not SegWit.  Bitcoin Cash has very low fees and quick confirmation.  SegWit is complex with soon to be two versions and loads of overhead for adoption at coupled systems (wallets, etc).  SegWit is a disaster waiting to happen.  It is a radical departure from the original white paper.  It is an alt coin. 

Because huge disagreements and different opinions are to be expected in a decentralized platform. It's pretty much like the first half of the community says they prefer apples, whereas the 2nd half prefers oranges. And no, if you're actually a bitcoin user you would know that the original bitcoin is NOT working great. I wouldn't call high transaction fees and high transaction times " working great".

Yes, expect alot more forks in the future. If I remember correctly the next fork would be in November. Only time will tell which bitcoin version will be at the top.

Why are these three bitcoins mesty contested?
Whether the three bitcoins have differences?

What does "share the same genesis block" mean exactly? Neither Bitcoin Cash nor Segwit2x will be compatible with the genesis block. I'm not even sure that Bitcoin Core is compatible with the genesis block --- there was talk recently that Satoshi implemented hard forks very early on in Bitcoin's history.

Sharing the history doesn't mean much. Any fork can just copy the UTXO set. What matters is the actual network of users and their economic activity. That's what ultimately drives demand for any given coin.


Why does Bitcoin Core (status quo / Segwit soft fork) cease to be Bitcoin, just because some hard forks were created?

Why we need to know the 'real' bitcoin? Just keep in mind that bitcoin is a payment method that can be used online and in the real world as well.  ;D

Because Bitcoin Core and SegWit2X is a radical departure from the white paper.  SegWit is the fork.  Bitcoin Cash follows the original idea and it is the same thing that Satoshi called 'Bitcoin'.  SegWit is not Bitcoin.  SegWit is not even like Bitcoin.  SegWit might be interesting science and a good approach to scaling - but it is not Bitcoin.

Bitcoin Core, or 'SegWit(not)2X' is core's version and they want you to believe they are the 'real bitcoin' so they will carry the 60+$B value onto their system.  However the majority of hashers will go with SegWit2X (distinct from (not)2X). 

The real bitcoin is that mined by the biggest mining biggest companies, that is by Hashnest. Why would someone say that BCH or 2x or whatever would be the real and good bitcoin when all people know which bitcoin the biggest companies are mining? My guess is that some people want to have the control of bitcoin, but this will not happen.

lol.  That is pretty funny.  You might not believe this but the 'biggest mining companies' and Core are about to go two separate ways.  Then who will you choose? 

Core has most advance dev team
2X has most mining companies\
Cash is most like the White Paper.

Will the 'real' Bitcoin please stand up?

I'm not sure I agree with the bolded. Segwit is fully compatible with Bitcoin as it is today. It is not a radical departure at all; it is just a slight change to the way blockchain data is verified and stored which addresses transaction malleability. Old transactions work as they did before. New transactions are compatible with the original network.

Bitcoin Cash may follow the original idea of Bitcoin in your mind, but it is incompatible with Bitcoin.

Searching for the "real" Bitcoin is a pretty weird thing to do, as all things develop, expand and obtain new characteristics. All these 3 versions are valid and real, as each of them stems from the original. I personally welcome forks that are solving real problems, as is the scalability issue.

Bitcoin will find its true course, one way or the other.
Trust Satoshi!

Greets, Hank

this is interesting to talk, so there will be varians of bitcoin like altcoin? hm sounds interesting. i think its depend on what purpose people will use their bitcoin. i think there is something in my head that might be confusing to thinking that in future, IF the three varians bitcoin is exist, then we need to know what benefits from each bitcoins. but for real, bitcoin is still bitcoin no matter if bitcoin have another varians. i am sorry, i really don't know and i am not yet learn too deep about bitcoin, but i only say what in my head.

That's a tough sell. That might be true if we didn't consider soft fork upgrades like P2SH to be Bitcoin...but we do. Segwit is backward compatible, so it's a bit silly to say that it's a radical departure from Bitcoin, isn't it? Users with currently standard wallets and addresses can continue as normal once Segwit activates, and the network will go on without a hitch.

Creating a separate, incompatible network in hopes that users will migrate to it, and that it will attain majority hash rate? That doesn't sound like Bitcoin to me...

Man, I don’t have time to check those stuffs, all I do is stay on the side with highest price, where I can make bigger profits. Whether Bitcoin Cash, Bitcoin SegWit2x or Bitcoin Core, wherever I see the people getting into, that’s where I’m going. But, op is wrong in a way, because no matter how many splits, the real bitcoin will always remain. So I believe Bitcoin Core is the real one.

I am not supporter of Bitcoin Cash as it is an altcoin.For me,real bitcoin will be either Bitcoin Core or Bitcoin Segwit.It depends on the aftermath of november fork which of these two coins has major support.I won't dump any of these two and Hold them because that's the safest and smartest option if you care for your money.

Its true that Bitcoin cash is not delivering any thing special and bitcoin is functioning well.But this situation may change upside down in november when another fork is to be done by miners who support segwit 2x.This is because this time,most of miners who had already signed in New York Agreement (NYA) has decided to hard fork bitcoin by supporting segwit 2x.More companies and exchanges are also supporting segwit 2x unlike BCH.So,this time we would have to wait and see whether bitcoin core succeeds or bitcoin with segwit 2x succeeds as real bitcoin.

When Bitcoin Cash takes over from the fighting two SegWit prongs, you will make the MOST profit being on BCH as it surpasses BTC. 

SegWit is a disaster waiting to happen.  Only one day after the first fork, SegWit2X started fighting with SegWitCore and the next new fork was proposed.  Core is lying and cheating to get their way.  They promised 2X, now they back out of that same lie for a second time.  No way those guys can be the 'real Bitcoin'.

The real bitcoin is so ver useful.And bitcoin is tested to be legit.Many people are already changed lives with the help of bitcoin.Bitcoin has so many benefits and has been very useful especially to the financial status of the people .

Regardless of what anyone says. The real bitcoin will always be what the community will adopt and support. Chances are though if BCH gets enough traction to it, there is a possibility it could turn to be the real bitcoin. As of now, the status quo is that BCH is an alt-coin and there is some support to it, but not enough yet to topple the current bitcoin with Segwit.

I can not know what is real when it has a fork, where it is necessary to rely on a large number of investment decisions. But I only have one thing that is always true, never accept BCC.

I agree. Let's stop all the battles going around the Bitcoin community! Sadly, we the ordinary guys could not do anything if  self-professed Bitcoin leaders would not be heeding the call to instead sit down, talk and then unite with a common purpose and interest in mind.

I do believe that the real Bitcoin is no other than Bitcoin and any other coin though bearing the name Bitcoin are just alternative ones. Bitcoin Cash can be considered as a daughter of the original Bitcoin and though it can have a life of its own and be valuable too the fact is that it is also just an altcoin and nobody can change its history...not today, not tomorrow, not forever.

There can be a thousand forks and splits but we know the real score here. Nothing can beat the original and even if they can copy it we can easily distinguish the real one from just another copy. And there is no debate on that.

The principle of having option or the splitting of Bitcoin is for decentralization which is finally happened for Bitcoin stock to have movement in the market for it to develop and to continuously have growth on its price , value and transactions.

There is a style of government "Divide and conquer". If regular fork will not end we can lose bitcoin. This behavior of the currency is disastrous. Those who say that bitcoin is a decentralized currency can make sure that it is not. Our money invested in bitcoins depends on people unable to agree among themselves and it's sad.

Well in the last day or so Bitcoin Cash has crashed from $600+ to $540 while BTC is making new highs.

When can we expect another BCH/BCC pump?

What does this all tell :

Academic papers are good on paper. Practical issues are different. Yes, Bitcoin concept is good then why everybody is not rallying for it and fixing it in a unified way? Because self interest comes and dominates the common good.  Yeah , its a democratic process so anybody can do what they want!!! BS. You will end up with a high theater and fun game nothing serious.

Decentralized comes and demonize the central authority and paint them as evil only to find after a decade decentralized is manipulated as much just that in a different innovative way.

These stupid teams are making a mockery of the whole concept and 3 -4 forks a year and guess what we will end up with in 5 - 10 years. Everything is hunky dory when stakes are less. Once the taste of real money comes in, every system is manipulated and taken advantage of.

Mark my words .. no system and team is looking for common good. They are looking for their way to success and profit. You and me , the common people will become casuality, be it cryptocurrency or fiat.

Sure, i can invest in all of them and wait for the winner  but that is missing the whole point.

Definitely,after november,there would be three versions of bitcoin  as a result of second hard fork.It would definitely spoil the reputation of bitcoin which it has got over these years.Its very clear that all have enjoyed benefits from this magnificent technological invention bitcoin.But not all loyal to it.Some need only their interests to be fulfilled.Bitcoin has already successfully overcome lots of critical situations.Out of the three bitcoins,only two are going to survive.Even miners who support BCH have also now support segwit 2x activation.So,we could expect BCH to die after the hard fork on november.

The real Bitcoin is the real Bitcoin. Bitcoin cash is a completely separate coin. Beyond that there is no question. Anyone who can't accept changes that are made and accepted by the consensus is simply not going to be able to use their coins. With you agree with it or don't agree with it if it change happens at is met with consensus that that's the way it is. The real Bitcoin is the real Bitcoin.

Not until the next difficulty adjustment, which seems to be around 10th September according to the following forecast tool:

http://bch.xbt.it/

The developers of BCC wanted their coin to become more popular than bitcoin because of its better technical characteristics. They call this coin bitcoin, not an alternative coin.
And I think that this coin is different from the milestones of the remaining alternative coins. This is also bitcoin

For the general public, the main bitcoin is the core, since it costs more and is supported by all wallets, exchanges and crypto-friendly online shops.
Whatever Bcash is, it's just not different/popular/widespread enough to get any interest from serious investors.
Plus it feels like it's just a scam or attack on the real bitcoin from a group of developers and miners.

Bitcoin Core is indeed the real bitcoin and i don't know why OP has been trying to convince the community otherwise and he even rates the real bitcoin core even lower, Bitcoin Cash is an alt coin and the real reason that its popular is because it's got the name bitcoin attached and that's all, once its mining is unprofitable everyone is going to abandon it.