Bitcoin Forum
June 15, 2024, 10:58:35 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: That's why I chose bitcoincash instead of bitcoin.  (Read 297 times)
amishmanish
Legendary
*
Offline Offline

Activity: 1904
Merit: 1158


View Profile
February 08, 2018, 10:22:22 AM
 #21

They have a vision that involves specialized mining hardware running people with enough data storage and upgrade capabilities to maintain a full node that would result from an increased block size. They see users as running the SPV wallet while miners maintain the network as well as full node.

The real/ original Bitcoin (call it Bitcoin core if you like) vision is to always keep it possible for anybody willing to give the time to be able to run a full node with hardware investment not being an entry barrier.
Seriously? Have you ever read all the stuff Satoshi actually said? Go read the whitepaper and all his emails. What you'll find is that "bitcoin" as it is today and the direction core is taking it, is not what he envisioned. He envisioned exactly what bitcoin cash is. One can argue that what core is doing is the right path and that Satoshi designed a flawed product that they need to "fix". But he said miners would run full nodes and users SPV wallets. He said when they needed bigger blocks they'd just do a fork to increase the size. So please don't imply what core has done with bitcoin is the original Satoshi design/vision.

For the record, I think both coins are fundamentally flawed and will never be able to achieve what people really want, which, IMO, is to have a completely decentralized currency with which to buy a cup of coffee without having to pay some ridiculous fee.


I have read the emails and whitepaper. Lets keep that settled.
The vision i talked about is the difference between the visions of BCash and BTC. Not Satoshi's vision per se. Maybe you should argue on that without bringing Satoshi into it.

Of course he wanted miners to run full nodes. He assumed that anybody with a CPU and willing enough would be able to mine. 1 CPU=1 Vote right?? That would have been correct on his part if it was possible for everyone to be a miner and run a full node.

In reality, being a miner now needs specialized ASICs with thousands in investment(which he did not envision). When he said that users would use SPV wallets, he meant that for a scale where everyone and even the most non-tech people would be the users. Of course, they wouldn't run nodes.
The nodes would still need to be run by a vigilant community of technologists and hobbyists. Mining was taken away by ASICs and now Full nodes too go away in Bcash vision with a higher block size. (without the underlying improvements)
newbie-hero
Full Member
***
Offline Offline

Activity: 518
Merit: 100


View Profile
February 11, 2018, 01:01:54 PM
 #22

Now tell us why you chose bitcointalk.

LOL, I love this irony very much! Really who can tell us that he or she has the same way of thinking? I doubt that here the author of the post will find many (or even a few) real supporters. IMHO.
preshpr1nce
Member
**
Offline Offline

Activity: 266
Merit: 60


View Profile
February 11, 2018, 01:16:33 PM
 #23

BCH has nothing on bitcoin, if it's transaction volume hit the same as BTC it would suffer the same issues as BTC.
Some one else explained it better earlier but to put it simple, this is it.

BCH is much like BTC was at the same phase.

I'll take the well proven storage of wealth thanks.

I view BCH as a coin used for transfers where I'll swap right back to BTC on completion, many other coins like LTC serve this purpose well too.

BTC is much like gold, heavy but extremely proven, BCH is more like fiat, convenient but has nothing on gold for wealth storage over a long term.
Soots
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 251


View Profile
February 11, 2018, 03:15:58 PM
 #24

I believe bitcoincash (BCH) over Bitcoin (Bitcoin core), bitcoincash is the original that satoshi nakamoto wrote out as originally, the reason:
Bitcoincash is full of: "Low cosh transaction fees, Fast peer to peer transactions, Reliable transactions, Accept 0 confirmation transations, Decentralized development teams, Permissionless network and development, Open source code, Limited supply (21 million coins), Proof of Work algorithm (SHA-256), Dates back to the Genesis block, Digital currency '' ----> Bitcoin cash.
While bitcoin only has: "Open source code, Limited supply (21 million coins, Proof of Workflow (SHA-256), Dates back to the Genesis block), Bitcoin.
That's why I chose bitcoincash instead of bitcoin.

I agree on your decision mate, that you choose bitcoin cash over bitcoin. Well, aside on the above positive advantages that you've been mention my point is goes like this. As I remember the bitcoin cash was started for about 8 months ago, which is so unbelievable performance since it still pumping as if this very moment. Bitcoin cash might have a great potential to reach over bitcoin but I think it may long way to run but it is a huge possible to happen.
fromholland
Full Member
***
Offline Offline

Activity: 280
Merit: 107



View Profile
February 11, 2018, 03:34:22 PM
 #25

As I remember the bitcoin cash was started for about 8 months ago, which is so unbelievable performance since it still pumping as if this very moment.
When it came on the exchanges, BCH traded at 0.2BTC, now it's around 0.15BTC. So where's your unbelievable performance???  Huh

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!