Maybe bitcoin cash will be the payment form of bitcoin, and bitcoin will be the investment form of it.
With the increased blocksize bitcoin cash could handle the transactions faster.
And for bitcoin as an investment not so much transactions would be necessare anyhow.
The problem I see is that if bitcoin cash would become more valuable, it would turn out to be an investment itself.
No, I wouldn't recommend any investor to invest in a BSegwit chain. Even Blockstream(eg. CORE)'s investors are backing off their investment in Blockstream. So that really says something about BSegwit chain's future. Once Blockstream runs dry of investments, what do you think will happen to Bsegwit chain? BCash's backers are much better funded with extremely deep pockets, not dependent on external investments. |
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There is somethings to think about that for sure but either this 8Mb was legit or not BCC is too much overvalued right now because simply there is no reason for an alt coin to be at this price right now . that is my opinion . But I am not BCC fan so my opinion might not be accurate after all .
I'm not sure BCash can be called an altcoin, since it is the real successor of Satoshi's original vision. BSegwit chain has gone far away from Satoshi's Bitcoin, it can not be the original Bitcoin any more. If anything, the BSegwit chain is the altcoin. |
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BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.
in other words BCash is a centralized manipulated altcoin which is getting pumped by a handful of billionaires. this is what your statement means anyways! and i weep for the day that such thing is called "bitcoin" or even considered an option by real people!!! Supporting a coin doesn't mean control. Having deep pocketed individual/organization supporting a coin is good for stability. |
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price doubled in last 24 hours....discovery or cynical pump?
BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash. BSegwit has the legitimacy factor, but their actions are destroying their credibility. Once BSegwit lose credibility, they do not have to funds to fight against BCash. As I said, BCash backers can drop BSegwit to $1000 if they wanted, they are just waiting for a good time to do so. |
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Maybe you sold your BCH and you are scared now. The rational scalation solution was simply increase block size. Segwit don't allow transactions with 0 fee for example. People don't want to pay to open a Lightning channel, they want cheap transactions and total control of their money. Instant transactions (offchain) are possible too with Bitcoin Cash so I'm sure that Bitcoin Segwit will fail.
When will big blockers understand the fact that you can't have "total control of your money" when you are handling the full validating nodes into the hands of corporations that will be validating everything for you because the blocks are too big to do it yourself? BCash was DOA. They raised the blocksize limit and they can't even fill 1MB blocks because no one uses it, laughable. We don't need to rush any hardforks anytime soon, if you support a hardfork you will lose your money every time. I don't understand, does corporations have some kind of magical hard drive that the regular user can't obtain? I have six 10TB drive sitting on my desk right now, I can run 500 redundant copies of Bitcoin blockchain on them. Why do I need corporation to run a node? |
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I don't think you understand, Satoshi's Bitcoin is the Bitcoin we signed up for, I was here, back in 2011 for a P2P Electronic Cash System, as titled by Satoshi's whitepaper. Not a BSegwit coin that will require 3rd party service and permission to transact. I can just use banks/paypal for that.
The blockchain is just a distributed database. Without Satoshi's original vision, it's no different from any other database, eg. a bank's database.
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People are waking up to the fact that BSegwit is not Satoshi's Bitcoin they signed up for, BCash is.
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Tell me if you think a Bitcoin correction is coming or not this weekend (19th Aug). It could not pass 4500 USD after a small raise from the minor correction.
There seems to be a correction in the price of BTC, accompanied by a rise in BCH price. It seems like a large holder of bitcoins has dumped BTC in favour of BCH. Wonder how long this can last. People are waking up to the fact that BSegwit is not Satoshi's Bitcoin they signed up for, BCash is. |
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Calling it right now, new axis Russia+China+North Korea. War starts when China obtains at least 10 carrier battle groups. They are building the 3rd one right now.
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I checked around 5 pages back up to this page, I see so many members of this community still haven't updated their signatures. I don't know how much more have not yet updated. Fellas, please update your signature. @topesis, @ja23, @dreamhouse, @bucciarati, @jimmybob_007, @allthebitsandbobs, @jefrihunter, @BTCdoaA, @sammrheza, @PewPewGoesTheDuck, @woogod,@whitefish, @JustLooking7, @mrhans, @Granite, and @sylance. Please update to new signature in accordance with your BCT rank. Dont forget to edit ref=XXXXXXX with your BCT userID. Signature templates can be found here: https://deeponion.org/view_signatures.phpYou can check your status here: https://deeponion.org/check_status.phpThanks for the notice, I've updated. What's the ref=XX for? tracking referrals? I didn't notice it until you mentioned. |
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The way this project is marketed and coins distributed is.. unbelievable. I'm so glad I joined early, this thing will be absolutely huge!
I'll have to check this thread daily from now on. Almost missed steemit and reddit giveaways.
Continue with the great work!
I agree, this is quite innovative distribution method. Normally free airdrop is just giving people something for nothing. This coin makes your do at least some work for it, so everyone is exchanging some labor for the coin, so it's kinda like a Proof of Work for initial distribution. |
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If they raise inflation rates to attack BTC it would have an impact on the economy too, and they would have to explain people about it. But yeah it's a problem, governments could spend billions in propaganda and promote their forks as well bribing everyone up, so it's not only a potential 51% government funded mining operation attack, but malicious hard forks too (I suspect all of these bigger block hardforks are promoted by certain governments)
I remember this topic had already been discussed in the past In fact, the money to be printed won't necessarily raise the inflation rates. The US government ran two (or even three) rounds of quantitative easing with inflation still being exceptionally low. How come? Because the newly printed money never entered the real economy. It was used mostly to extinguish the bad debts that came about from subprime loans which caused the subprime mortgage crisis in the US in 2008. The money itself was sterilized by financial and stock markets, so the inflation was kept on a tight rein and at its lowest levels. Basically the same would happen to money printed to kill or destroy some coin (if it ever came to that) No, newly printed money will enter the real economy, just not immediately. Otherwise, where do you think the inflation come from? If all newly printed money does not enter the economy, then there should be deflation, not inflation. Newly printed money enter the economy in a gradual and controlled fashion, this is the job of central banks. |
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Probably stating the obvious, but just because each full bitcoin is over $4000 doesn't mean you need to be rich. It doesn't change the price of items you purchase, so you just spend smaller fractions of each coin for each burger/hotel room/computer part.
If anything, the increasing price of btc (up to a point/limit) means that the consumer items are getting progressively cheaper, which would benefit both the rich and the poor.
What does this have to do with the OP's complaint? The issue is BSegwit's transaction fee is too expensive, which is expected since CORE is pushing Bitcoin to lightning network. So the on-chain transaction fee has to be expensive in order for lightning network to make sense. |
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"pro-Core, pro-Segwit", so you are anti-Satoshi? I signed up for Satoshi's Bitcoin, a "P2P electronic cash system". Not a Bitcoin that requires 3rd party permission (lightning network), to transact.
BCash is really the original Bitcoin with simple scaling implemented.
BSegwit is an abomination to me, a centralized elitist altcoin that has very little to do with the original Bitcoin now. Sure it's going up in price all the time, that's cool, but it ain't Bitcoin, it's BSegwit altcoin based on Bitcoin and uses Bitcoin blockchain as its transaction history.
Anti-Satoshi? No, I am pro-decentralization and anti-Bitmain. Are you a pro-Bitmain? Are you willing to accept the network to become controlled by a small group of Chinese miners whose real goal is only to make money? What do you think of Asic Boost? Do you agree with that? And who are the BSegwit miners? oh wait, it's the same Chinese miners, what the hell is your point? Chinese miners mining BCash is suddenly evil, but the same miners mining BSegwit is good? They are actually just switching back and forth between the chains now, because PoW miners have no loyalty, they follow where the profit is. |
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BCash is really the more old school Bitcoin. Does any old school Bitcoiner actually like BSegwit and the path CORE is leading to?
The old school Bitcoiners are very quiet, mostly just Roger Ver leading the front.
But I wouldn't underestimate their strength, they have a lot of Bitcoin to burn, if they wish. They can probably drop BSegwit's price to $1000 in a week, and prop up BCash to be 1:1 parity with BSegwit. It's going to be interesting times.
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Depends on where the new ATH/top is. If the new ATH is something like $25000, then dropping below $2500 is unlikely. If new ATH is $5000, then sure $2500 is very likely to be seen again when Bitcoin enters a multi-year bear market.
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I feel it's hard not believing in the concept of Bitcoin. Anyone that took the time to read the whitepaper should have understood it's a revolutionary idea. I can't really understand anyone that read the whitepaper and thought to himself "hmm that's not a good idea". I find that most people who hate on Bitcoin early on, were ignorant of the basic concepts in Bitcoin, and certainly have never read the whitepaper.
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I would call it putting them in their right place. Most altcoin still massively overvalued against Bitcoin. For example Bitshares was around 500 satoshi for a long time last year, but now suddenly worth 3250 satoshi, and at one point this year it even rose to 17300 satoshi, there's simply no fundamental reason to back that up. Same thing with most other altcoins.
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Huge sell orders on nova. Somebody is dumping really hard.  Not really a dump just a few members selling 10% or less of their Onions.. Early adopter selling is actually good for better distribution. If all Bitcoin early adopters held on to their coin, we'd have massive uneven distribution. Some early guys had over 300k Bitcoins. |
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"pro-Core, pro-Segwit", so you are anti-Satoshi? I signed up for Satoshi's Bitcoin, a "P2P electronic cash system". Not a Bitcoin that requires 3rd party permission (lightning network), to transact.
BCash is really the original Bitcoin with simple scaling implemented.
BSegwit is an abomination to me, a centralized elitist altcoin that has very little to do with the original Bitcoin now. Sure it's going up in price all the time, that's cool, but it ain't Bitcoin, it's BSegwit altcoin based on Bitcoin and uses Bitcoin blockchain as its transaction history.
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