Bitcoin Forum

Bitcoin cash is more in line with the usual bitcoin whitepaper. And segwit is clearly not how Satoshi proposed it should go.

so what happens now?

haha witch one do you think is better and why?

I love bitcoin cash, i never dumped since the fork, instead i bought more in the past 2big dumps but I am failing to understand the point of this trend. Can you make us understand?

They seem to move accordingly together, most alts took a dump yesterday
https://www.coingecko.com/en/price_charts/bitcoin/usd
https://www.coingecko.com/en/price_charts/bitcoin-cash/usd

I don't know too much about fork technically and I am sure Satoshi didn't intend that to happen. But since this is a very profitable thing to do, there are a lot of people interested on it to make some cash. Bitcoin will never be replaced, but some people will keep saying that bitcoin has safety problems that need to be solved and then purpose forks. Of course that Bitcoin can't solve all the blockchains stuff, and that's why altcoins (the serious projects) are created to solve markets, industry, social, technology problems, etc.

Bitcoin still remains the best option for me. Anyway it depends on the basis for your comparison.

Are you fucking crazy?  Do you want to get banned for life?  Don't say blasphemous things or thermous will hit you so hard it will kill your whole family.

I think I would still prefer bitcoin than bitcoin cash, I don't want to take risk nor transfer my investments anymore.

Lol not sure if this is a serious or trolling post.

Please explain why altcash is in your vision more adherent to the whitepaper than core.

Once btc gets used by the broad public it will be dead (in its current state)

With public use the tx/sec will skyrocket, and therefore tx fees will rise to 500+sat/b if we dont fix our shit

Segwit + lighting network.

That's already fixed, we just need developers of new solutions and services adopting them.

I wonder if we will eventually end up with something resembling old money systems:

To explain my thinking, let's look at British coins circa 1900. You can probably see this in many other coinage systems throughout the ages. In Britain there was:-

Gold Pound Sterling/Sovereign (also a premium gold guinea worth 5% more because of higher purity)

Silver Crown = 4 to 1 pound sterling
Silver Half Crown = 8 to 1 pound sterling
Silver Florin = 10 to 1 pound sterling
Silver Shilling = 20 to 1 pound sterling
Silver Sixpence = 40 to 1 pound sterling

Copper Penny = 240 to 1 pound sterling
Copper Halfpenny = 480 to 1 pound sterling
Copper Farthing = 960 to 1 pound sterling

Clearly there was a hierarchy Gold > Silver > Copper

For many daily purchases, copper was good enough. A loaf of bread cost a few pennies.

For larger items, eg clothes, rent, etc silver was adequate

Gold was used for business trades, large asset purchases, houses etc.

In my mind's eye I consider Bitcoin as being "Gold", and Bitcoin Cash as "Silver"

Eventually, I see a third crypto-coin emerging, taking the role of "Copper"

While I think the Satoshi can cover the whole range of purchases, most people can't get their head around coffee at 0.00001 BTC (or whatever). But a "Copper" like coin  with a value (close to 1 US$) is much more sensible.

We would keep our Bitcoin at home, safe, offline, in cold storage, until we need to make a big purchase. We would keep "Bitcoin Silver" for medium purchases, and "Bitcoin Copper" on our mobiles for instant use.

The security and speed of the network might reflect this. Perhaps some sort of blockchain light, fast but maybe not eternal. Would you need to record all low value transactions forever?

Who knows...

I dont know about BCH being like in satoshi whitepaper because i am not good at being technical..and also it is not my field of expertize. But i do know one thing that whitepaper states...and that is decentralization. In my opinion BCH is pretty centralized with that greedy fuckers behind it who keep singing the same boring slogan about how they put their soul into this project..bla bla bla.
BCH is not the coin for the comunity... and you will se those guys dumping this coin and will never hear about it again.

I find criticism of segwit that i've heard from several places very valid and it is a vector of attack if the segwit addresses can be attacked by colluding miners that decide to do so (I couldn't explain the technical details, but this is the summary, correct me im wrong).

What it's not clear to me at all is if this is a concert that is practically possible or just theory. And I also don't see where satoshi said "no segwit". I've read satoshi quotes saying how he designed bitcoin with support of several format addresses on mind or something along the lines.

The whitepaper is not meant to be frozen in time. If you believe that you are a retard.

Scaling doesn't just mean bigger and bigger blocks. If you want to believe that it's fine, but others have the opinion that Bitcoin should not just rely on this to scale.