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Author Topic: Bitcoin Cash change to Bitcoin, and Bitcoin became 'Bictoin Legacy'?  (Read 160 times)
aimexlondon (OP)
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January 13, 2018, 08:43:27 AM
 #1

from blockexplorer

In August 2017, Bitcoin forked into two variants. These have taken radically different paths.

Looking at the situation one quarter later, it is clear to us that the Blockstream fork of bitcoin diverges so radically from the ideas presented in the Bitcoin white paper, that it is an evolutionary dead end. While it may still have high trading value, as a mere collectible of curiosity, the Blockstream fork of bitcoin is not part of building any future financial infrastructure, which is what Block Explorer is about.

A currency of the future has subcent optional usage fees and instant transactions. The Blockstream fork of Bitcoin ("Bitcoin Legacy") is at $20 usage fees and rising, with no end in sight, and can take days to confirm, despite unfulfilled promises to the contrary on both points when Segwit activated in what can only be described as a community fistfight. We are therefore making the decision to consider the Blockstream fork deprecated, and support it as legacy technology only.

Rather, we have made the decision to support the only bitcoin fork with a postive utility momentum, which is Bitcoin Cash. We took an early decision to deploy a Bitcoin Cash block explorer and will continue to roll out related services. We are also deploying tools for other cryptocurrencies we find on a positive momentum path, such as ZCash, which have increased privacy value.

We will not add future support for the Blockstream fork of bitcoin ("Bitcoin Legacy"), and will be deprecating it entirely at some future point in time to be determined. Developments have revealed it to be a dead end. At such a time, we will refer to Bitcoin Cash as Bitcoin only, but will make some effort to not break API calls by changing URLs of legacy automated systems.
stompix
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January 13, 2018, 01:34:35 PM
 #2

Probably this will happen in Roger and Wu wet dreams.

Bitcoin will be called Bitcoin.
BTC  stands for Bitcoin.

And bitcoincash will die as bitcoincash.

Bcash and the rest are alts, altcoins, that they struggle to find a purpose for their existence under a fancy name.
What's the difference between bitcoincash and doge? blocktime and blocksize?
I'm pretty sure I can find 50 coins that have the same specs as Bcash, after all we have over 1000 alts.

And why should Bcash be the right one?
And not bitcoin diamond or bitcoin gold or bitcoin god or bitcoin pizza?






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vicemi
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January 13, 2018, 01:35:30 PM
 #3

bictoin legacy indeed
xskl0
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January 13, 2018, 01:42:58 PM
 #4

Bitcoin legacy and Bitcoin (Cash)

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
xskl0
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January 13, 2018, 01:46:53 PM
 #5

Probably this will happen in Roger and Wu wet dreams.

Bitcoin will be called Bitcoin.
BTC  stands for Bitcoin.

And bitcoincash will die as bitcoincash.

Bcash and the rest are alts, altcoins, that they struggle to find a purpose for their existence under a fancy name.
What's the difference between bitcoincash and doge? blocktime and blocksize?
I'm pretty sure I can find 50 coins that have the same specs as Bcash, after all we have over 1000 alts.

And why should Bcash be the right one?
And not bitcoin diamond or bitcoin gold or bitcoin god or bitcoin pizza?







LOL. Bitcoin Cash is a hard fork and Bitcoin Legacy is a softfork.
Bitcoin Cash -> blocksize from 1mb to 8mb
Bitcoin Legacy -> no Segwit to Segwit

The reason Bitcoin Gold is not a solution is because BTG have 1mb blocks just like Bitcoin legacy this means at the moment BTG have the same amount of transactions than BTC have the same fees while BCH scaling on chain will ever have 0.01$ fees. BTW Bitcoin Gold , Bitcoin Diamond, SuperBitcoin ... are just created by Core to rest importance to Bitcoin Cash because they now Bitcoion Cash is the real Bitcoin.

--->If you are tired of Core/Block the Stream's propaganda come to reddit.com/r/btc

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
bug.lady
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January 13, 2018, 01:58:16 PM
 #6

It is pure propaganda. While obviously I am conscious of the inherent problems in bitcoin network that plague it currently, the only reason that bitcoin cash is currently problem-free is that its user base is so much lower. In fact, two years ago bitcoin had a lower user base, too; and both the confirmation time and transaction fee was acceptably low as well.

Summing up, my thinking is that the moment that bitcoin cash reaches the current popularity of bitcoin (if it happens at all, that is), that very moment it will have unacceptably high tx fees and confirmation times. And the history will repeat.

What we as a community must look for is finding the cure for bitcoin, not replacing it.

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