What will you do with your 'Bitcoin Cash'?

[European Central Bank]

There are quite a few centralized coins out there

For example, Ripple or Ethereum (and even Litecoin, to a certain degree, via Charlie Lee intervention), and the "controllers" have been exerting their power on a pretty regular basis. The famous Ethereum rollback is just one glaring example of that. But as I said it already, people won't care as long as the price will be rising. If it won't be rising, they won't care either whether this power is in fact NOT exerted at all. As no less famous saying goes, profits always trump prophets

to an extent that centralisation is actually appealing to the people who are into those coins. they've made no secret of it and enough people have accepted it.

bitcoin's a different deal. it's a boiling frog scenario. it really did start off decentralised and that's slowly falling away. if it gave up on it completely what virtues does it have left?

[deisik]

There are quite a few centralized coins out there

For example, Ripple or Ethereum (and even Litecoin, to a certain degree, via Charlie Lee intervention), and the "controllers" have been exerting their power on a pretty regular basis. The famous Ethereum rollback is just one glaring example of that. But as I said it already, people won't care as long as the price will be rising. If it won't be rising, they won't care either whether this power is in fact NOT exerted at all. As no less famous saying goes, profits always trump prophets

to an extent that centralisation is actually appealing to the people who are into those coins. they've made no secret of it and enough people have accepted it

You have to face the facts

Even the facts which you don't quite like. After the Ethereum rollback happened, only a small part of the Ethereum community decided that it had been a bad idea, so they chose to fork off. Right now this fork is dragging a miserable existence, and as I can judge it would fare much worse if it were made up exclusively of people who care for some "principles". Conversely, it might well be the case that it didn't die out completely only because of the people who don't care about anything but profits (read die-hard speculators). This seems to be the harsh truth you might have to accept

[European Central Bank]

You have to face the facts

i'm still not convinced that bitcoin can get away with the same things any alt can. i hope we don't have to find out.

[deisik]

You have to face the facts

i'm still not convinced that bitcoin can get away with the same things any alt can. i hope we don't have to find out

But by which means can it not?

See, you can't talk in abstract terms here, there should be a mechanism which would prevent "the same things" from happening to Bitcoin. Obviously, it all comes down to individual people making up a certain community. So, are the people involved in Bitcoin somehow different (or, rather, conceptually different) from the people involved in alts? I'm strongly inclined to think that these are the same people mostly. What's more, I'd rather say that it is basically the same type of people which are involved in any cryptocoin out there barring some individuals like franky, who is going to stick to the "regular" Bitcoin no matter what (well, at least, so he says), but which are still few and far in between, and thus completely inconsequential

[MFahad]

What is it you mean by cash? Bitcoin is a digital currency and it's legally considered a commodity so if you want to know what we're doing with that we're trading it back and forth using it to purchase other products and using it to make money using it also in for Investments. I don't know what it is that you're referring to by cash.

[Last of the V8s]

What is it you mean by cash? Bitcoin is a digital currency and it's legally considered a commodity so if you want to know what we're doing with that we're trading it back and forth using it to purchase other products and using it to make money using it also in for Investments. I don't know what it is that you're referring to by cash.

If you could just read the first post in the thread that would be a start.

[David48l]

Hold them, bitcoingold will saturate next year, lose more market share. Then people will start using bitcoincash for payments and services, and most alts will no longer make sense. The people win, banks and insurance companies lose

[mrayazgul]

https://twitter.com/ViaBTC/status/886798784348532737

So Bitmain and friends will be forking a new chain on August 1st whatever happens by the looks of things, as well as Segwitting on the main one.

I assume we'll all get some of this to play with so what will you be doing with it? Would you dump instantly or hold fire and see what happens?

Some rather deep pockets will be desperately keen to make a success of it so I may hang on to it for a bit for a lark.

Just a side note if we are talking about Cassius and spendable income. Then we're doing the same thing we do with any other spendable income we're spending it.