BTC > any other coin all the times. Ethereum is platform not a coin. You can read about it on Wikipedia but we will concentrate on real stuff. Bitcoin Cash is untrusted by most people. SegWit will be still true Bitcoin, only one and SegWit will help with Bitmain's ASICBoost being taken down. So Bitmain lost his battle on Bitcoin conquer.
Ethereum is both a coin and a platform. Bitcoin segwit is not trusted by most people in the world too, just like Bitcoin cash. Maybe a few hundred thousand people like BSegwit better than BCash, but in the grand scheme of things, it's not a big difference. Define what is true Bitcoin, then we shall see how segwit fit? Right now segwit contradicts the title of Bitcoin whitepaper written by Satoshi Nakamoto, specifically "P2P electronic cash system". Not "settlement layer". |
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BCash is the coin of old school Bitcoin purists. Roger Ver alone can use his wealth and lock BCash's price at around $200 or so, and Roger Ver isn't alone.
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Correct me if I'm wrong.
But isn't the solution for this to provide all users with their private keys, Coinbase is storing for them? So all users can use them with any other BCH wallet? These BCH coins exists and they won't disappear just because Coinbase doesn't support BCH.
That's effectively allowing withdrawals, and coinbase might as well provide this function within the interface to look professional. |
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Why stop it? different ideologies should be tested. I can foresee a Proof of Stake Bitcoin fork in the future.
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If you can, please make this a sticky , people NEED to be warned and i need to find someone to recover 150kusd and get 75kusd for it (Relative to current BTC + BCH prices ) I got robbed of 45.8 BTC (and BCH so total = 150000$) after installing the executable from electrum-wallet.com. I was running multisig but both on the same PC. First i ran the portable electrum.exe from electrum-wallet.com but when it did not load my wallets *NOTE : the ones that had BTC in them ,it loaded just fine any other wallet ) - I don't want to hear opinions on my stupidity After it didn't work i downloaded last version of electrum from electrum.org I'm wondering how the F is it possible that after 2 years of this thread no one has taken down and/or announced the US. authorities fbi etc about it. I'm in Romania and have no wish to deal with this legally, which will probably get me nowhere. I am willing to split the rights on the BTC with whoever is capable of recovering them via detective+legal means. This is the transaction : https://www.blocktrail.com/BTC/tx/78d44db46445d3097996fc644c1221eeead31added5c35cf1b7938737e3b49dbAs i said , I don't want to hear opinions on my stupidity, this is mostly a warning and hopefully a way for someone to make a healthy 75000$. Why do you think it's based in the US? it's probably not, the owner of the site might be closer to you eg. eastern europe/Russia. |
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Yes, the fork already happened, you can not obtain BCC now, but you can still buy them with your altcoin later on if you want. There's probably going to be a crash, even if brief. Vast majority of people do not have access to their BCC yet for trading/withdrawal etc... So you can maybe set a very low limit order and try to buy some if you want to own some BCC.
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It is safe now, the fork already happened, you just have to choose which client/chain you transact on now.
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Someone say yes someone say no. Explain me in scientific way. yes or no?
BCC although a fork from Bitcoin, is more inline with Satoshi's original vision. It was Satoshi's original intention to scale by increasing Block Size. Satoshi had no intention of having something like segwit integrated into Bitcoin. Basically BCC = Bitcoin purist BTC segwit although still mainstream, is being held hostage by a rogue CORE dev team, they are not inline with Satoshi's original vision, segwit is a danger to decentralization and Satoshi's vision of Bitcoin being a "P2P Electronic Cash system". This explains it in a good way. In terms of price, and according to what you are saying, would the price of BCC>BTC? I can see BCC having value, significant value, because there's a strong and financially secure community of old school Bitcoin purists, such as Roger Ver. But I don't really see it surpassing the value of "mainstream BTC" in the short term future. Long term who knows, only time will tell. |
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Because you can make the blocks as big as you want but it will never make bitcoin fast enough for cash-like transactions (less than 10 seconds like a credit card with a chip). Calling it bitcoin cash is ridiculous since you'll still have to wait 10 minutes for a block in average (could be 30 minutes really).
You might want to read or re-read Satoshi's whitepaper, specifically the title "P2P Electronic Cash System" |
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It's happened, Kraken has already credited their customers with BCash balance.
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Someone say yes someone say no. Explain me in scientific way. yes or no?
BCC although a fork from Bitcoin, is more inline with Satoshi's original vision. It was Satoshi's original intention to scale by increasing Block Size. Satoshi had no intention of having something like segwit integrated into Bitcoin. Basically BCC = Bitcoin purist BTC segwit although still mainstream, is being held hostage by a rogue CORE dev team, they are not inline with Satoshi's original vision, segwit is a danger to decentralization and Satoshi's vision of Bitcoin being a "P2P Electronic Cash system". So you're saying that the bitcoin we usually or commonly know is a dummy coin that is twisted by some so they can earn a lot of money? I know that Roger Ver is making Satoshi's dream into reality but isn't it bad to make a development that is different from the creators mind. Roger Ver is very old school, he was here when Satoshi was here. Satoshi wouldn't liked segwit, and Roger Ver doesn't like segwit. Segwit is good or bad, I don't know, time will tell. Centralization sometimes produce good results, just look at all the successful centralized exchanges, and the utter failures of trying to develop a decentralized exchange. |
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Original Bitcoin code has been changed many times, do you considered each code commit makes Bitcoin a new altcoin?
Right now BCC is an altcoin, BTC segwit is mainstream or some might call it original Bitcoin.
But BCC is more inline with Satoshi's vision and scaling method. BTC segwit was not part of Satoshi's original intention.
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Someone say yes someone say no. Explain me in scientific way. yes or no?
BCC although a fork from Bitcoin, is more inline with Satoshi's original vision. It was Satoshi's original intention to scale by increasing Block Size. Satoshi had no intention of having something like segwit integrated into Bitcoin. Basically BCC = Bitcoin purist BTC segwit although still mainstream, is being held hostage by a rogue CORE dev team, they are not inline with Satoshi's original vision, segwit is a danger to decentralization and Satoshi's vision of Bitcoin being a "P2P Electronic Cash system". |
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There need special conditions for them. This leads to increased costs. Why do they need if you have normal soldiers? I am not a supporter but Tump in this direction, I support it. The army is not a place where you can play in democracy.
I feel the US should just have two presidents, one Pres for everything gender/sex/SJW related, and the other Pres for the important stuff like diplomacy, grand strategy and economy. There's like what? a total of less than 100 transgender in the whole country that want to join the military? If the President spend any time on this issue, it's a huge waste of resource and tax payer money. There are tons of more pressing and important issues facing the United States. |
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There was a pretty cool concept called "Proof of Activity" that - as far as I know - was never fully implemented. It was also the inspiration for some early Proof of Stake algorithms. You can read the concept in this whitepaper. You can see that there are some well-known names of the cryptocurrency community involved (like Charlie Lee). Basically, the algorithm selects randomly a satoshi from all satoshis that are spendable (contained in UTXOs) at a given time, and looks if the owner of the satoshi is currently online (he must solve a small task to prove that) - if not, then he is not rewarded. That's also why the algorithm was called "Follow the Satoshi". People that own more Bitcoins, in this concept, have more chances to get selected, so it's actually a "proof of activity/stake hybrid". Another coin that rewarded full nodes was Timekoin, but it had a completely different algorithm than Bitcoin. This is an amazing whitepaper and IT DOES solve several of the problems that BTC faces today. Any idea as to why this project did not manifest? Any news regarding a potential revival? Because anything remotely resembles Proof of Stake is considered blasphemy in the Bitcoin orthodox community. |
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It will first kill all the current encryption algorithms safeguarding e-commerce and banks.
So quantum-proof new algorithms will be developed. It's pretty easy for Bitcoin to hardfork to a new algorithm, and this wouldn't be a controversial hardfork.
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Proof of Stake is definitely superior, that's the reason why ETH will convert to PoS in the future, they are actively working on the conversion currently, with experimental versions already in beta test.
But Bitcoin probably won't, Bitcoin is more decentralized, and the forces against PoS in Bitcoin is too strong, the miners will 100% oppose it. It nearly turned into a figurative thermo-nuclear war for getting a 1 line code change to change block limit from 1MB to larger blocks. It's hopeless to change to Proof of Stake for Bitcoin, you might as well fork Bitcoin like Bitcoin Cash did.
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Why would Bitcoin Cash be untraceable? it's is an exact clone of Bitcoin minus segwit. I think the best bet for untraceable crypto right now is Monero, but there's still the issue of buying into and out of Monero with other currency. It can only be truly untraceable if you conduct all your business in Monero.
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At that point, I would just rent a small office near your residence and host it there, probably cheaper than co-location your mining rigs in a full service data center.
I used to rent a small office for $375 a month, with internet+electricity included in rent. Unfortunately their electric is just regular 15amp breaker, and not allow me to touch the electric setup. So I wasn't able to run more than 2 rigs on the circuit, still a good deal though. You'd pay nearly that much for electricity anyway in my area.
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Please tell me 1 coin to keep an eye or hold in August 2017. Thanks in advance.
Bitcoin Cash would be the obvious answer. Post the hard fork on August 1, there will be a massive rush to dump BCC coins on whichever exchange lists them. After that, we will have to see where the true value of BCC settles. If ETC is used as an historical indicator, it will be a huge dump into near worthless, and then people slowly realize this thing isn't going anywhere and can have value due to existence of the "purists", then it'll slowly gain value, but won't reach the value of the mainstream fork. |
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