Bitcoin vs Bitcoin Cash vs new Bitcoin Private (Forks)

Quote from: chipr on February 10, 2018, 11:24:36 PM

Hey everyone,

I've only been active, researching with due diligence at first, and now investing cautiously... or as much as possible, and with all the different variations of 'Bitcoin' I'm wondering what others thoughts are on this matter. Similar issues have been going on with Ethereum as well (including totally fraudulent Ethereum Ultimate scam).

I just thought I'd break this down some, in order to try and understand what stemmed from the many bitcoin forks, which being new I had no idea what that really meant. So without doing more background research, which some of you may already possess, I will only start with the fork of Bitcoin and Bitcoin Cash that happened last fall. As a reminder I'm not going to explain much but rather put into words some of my understanding of these events and coins to start a discussion and possibly get clearer thoughts by other forum members; maybe even a timeline or flowchart.

Here are some of the issues to address, and following are what I would like to discuss or hear from others on but any category below is up for discussion:

1. Bitcoin vs Bitcoin Cash -
As I understand it there were differing opinions among some of the core Bitcoin developers, those still working on bitcoin, not necessarily the originator. Because of this a group broke away to establish Bitcoin Cash (BTC), and most notably Roger Ver says BTC is actually the original Bitcoin now as it remains truer to the original intent, purpose in use, and the whitepaper.

Thoughts? Differences, I believe one is faster transactions and lower fees for Bitcoin Cash?

My opinion so far, I don't think this helped with blockchain size, transaction speed, lower fees for core Bitcoin which still needs to be done with so much more money coming into the market since that will continue, although it doesn't seem at this point that one will replace the other... that is certainly possible (afterall holders of Bitcoin were given BTC matching their hodling during that fork - if either you knew about it beforehand or were lucky enough to store it in a 'fork supported' wallet.
2. Bitcoin vs Bitcoin Private (also involves Zclassic) -
Towards the end of this month their will be an unusual fork, in that it is actually a merge of two forks into one new fork, and that will involve core Bitcoin (BTC) and Zclassic (ZCL) both going into the new fork which will also create new Bitcoin Private (BTCP). Once this occurs, owners will be airdropped a equal amount 1:1 of Bitcoin Private to Bitcoin and/or Zclassic already held in fork supported wallets.

This one's a bit more difficult to explain, but what I do know by reviewing a series of video conversations between developers both working on this project, and mentors, following on Twitter, and reading the website is that the new forked blockchain is being done to accommodate larger size blocks, free up transaction processing time, allow lower fees, incorporate some type of 'sheath' around part of the transactions to provide privacy of actual addresses, not txn numbers, so that the parties wallet addresses will not be revealed during the transmission. Again, the main developer of the project who was working with Zclassic (a fork of ZCash (ZEC), Rhett Creighton, claims Bitcoin Private will be truer to Bitcoin than core bitcoin is today, adding the privacy, as store of value, and ability to transact quickly as a digital currency.
3. Bitcoin Gold, Bitcoin etc., etc. -
What other existing varieties have been developed, in part, by some of the original developers?

It has become clear to me that using, or piggy backing, off of the Bitcoin brand may not represent any relationship to Bitcoin whatsoever if it was simply developed using open source technology but there must be trademarks.

So on that last point, I'm speaking of Bitcoin Gold (BTG), Bitcoin God (GOD), Bitcoin Plus (XBC), Bitcoin Dark (BTCD), BitcoinZ (BTCZ), Bitcoin Diamond (BCD), Bitcoin Lightning(BLT), and now the rather cynical new Bitcoin Ether (BTCE)...

The big question is which, Bitcoin Cash or Bitcoin Private,
will come out on top... even of Bitcoin core?

Way too many forks are on the way, way too many! I think as soon as Lightning Network will come out, all the other forks of Bitcoin will be useless, as the Lightning Network will fix the bugs of Bitcoin.