Will you sell your BitcoinABC or hold on to it?

[European Central Bank]

So for BCC, BitcoinABC, etc to be useful, they need to win over a significant % of BTC's current hashpower.

Do you consider that likely, when the /NYA/ presents a less risky road to increased blocksize?

it's the pet of jihan wu. he probably controls over 50% of the hash rate.

i don't think he's dim enough to attack the original chain or go all in with this new one, but i believe he could if he wanted to.

difficulty is gonna be a bunch lower so it might attract a bunch of older miner mining machines.

[1715075560]

1715075560

[Qoheleth]

it's the pet of jihan wu. he probably controls over 50% of the hash rate.

i don't think he's dim enough to attack the original chain or go all in with this new one, but i believe he could if he wanted to.

difficulty is gonna be a bunch lower so it might attract a bunch of older miner mining machines.

Ahhhh. Yeah, if some of Antpool's hashpower hops on, then the chances of it existing for long enough to unload some coin are a lot better than I was thinking.

Still, he'd have to commit pretty significantly to the project. Otherwise, if his name is on it, the project is vulnerable to any other big miner that dislikes him enough (and after the contentious year we've had, I imagine there's a few).

[European Central Bank]

it's the pet of jihan wu. he probably controls over 50% of the hash rate.

i don't think he's dim enough to attack the original chain or go all in with this new one, but i believe he could if he wanted to.

difficulty is gonna be a bunch lower so it might attract a bunch of older miner mining machines.

Ahhhh. Yeah, if some of Antpool's hashpower hops on, then the chances of it existing for long enough to unload some coin are a lot better than I was thinking.

Still, he'd have to commit pretty significantly to the project. Otherwise, if his name is on it, the project is vulnerable to any other big miner that dislikes him enough (and after the contentious year we've had, I imagine there's a few).

his name isn't on it. it's viabtc which is almost certainly a bitmain proxy. and are there any other big miners? certainly no one anywhere near as big as him.

[williamuk]

If BitcoinABC gains some very small traction lets say it hits an exchange at $100 BCC/USD, would you sell your BCC or hold on to it for the future incase it overtakes the Bitcoin Core ?

I think we all sold our ETC when it magically appeared on Poloniex and we basically considered it as winning the lottery since we still got to keep our ETH and the ETC was a free bonus. However we all sold it very cheap and if we were patient then we would of gotten almost the same value as ETH during the split ($15 ETH/USD).

So lets say we sell our BCC very cheap. And then in 2-3 years, after all the bugs get sorted it it eventually overtakes BTC. And when it overtakes BTC might become lower than BCC.

Another issue with this is the BTC payments we receive AFTER the fork. Lets say we decide to hold BCC. But any payment we get after the fork, we will only get it on the main Bitcoin Core chain.

Then in 2-3 years, when BCC over takes BTC, we won't have the difference in BCC since it happened after the work.

EDIT:

You can sell your BCC coins now actually

https://www.viabtc.com/convert/bcc

If it can stay above 1$ after a week I'll buy some

[darkangel11]

Sell that crap and be done with it. Tell the truth, does anybody like the idea they're proposing? Would anybody buy this coin for something other than pure speculation?
It doesn't represent anything and it doesn't stand behind any ideals, it's just their way of saying no. They're taking their toys and moving to another sandbox.

[European Central Bank]

Sell that crap and be done with it. Tell the truth, does anybody like the idea they're proposing? Would anybody buy this coin for something other than pure speculation?
It doesn't represent anything and it doesn't stand behind any ideals, it's just their way of saying no. They're taking their toys and moving to another sandbox.

it's the best shill fodder in living history and they have a ton of ways to screw with everyone else via pumps and flashing mining power. we're all gonna get very sick of it before it goes quiet.

[jbreher]

Tell the truth, does anybody like the idea they're proposing? Would anybody buy this coin for something other than pure speculation?

Yes. It is an implementation of Bitcoin that supports all the use cases that core threw overboard due to their Raspberry Pi fetish.
Moon.

[pdpanzer]

Tell the truth, does anybody like the idea they're proposing? Would anybody buy this coin for something other than pure speculation?

Yes. It is an implementation of Bitcoin that supports all the use cases that core threw overboard due to their Raspberry Pi fetish.
Moon.

Hold. Of course. I am fed up with Core and everything being about selfish bitcoin.

[keithers]

Any coin of any kind that I have sold over the years , I have come to regret. I sold some ETH and LTC, and a little BTC when they were on pretty major runs (and what I thought was at the top), and I have come to regret it each time.  Unless you are a knowledgeable day trader, I think the best strategy is to hold everything long. Only sell and spend if you need it for living expenses for you and your family.

[dmty.0809]

What is BCC? Right now I'm still partly saved to be sold in the next year, who knows the year-to-year bitcoin price is increasing, I can only hope it.

[nejibens]

I am going to hold it regardless what will happen on or after the first of Aug. The bitcoin is having the most active crypto currency community, and its price will surely increase sooner or later, so holding it still profitable in the long term.

[Aikidoka]

I would hold and sell my bitcoin. I would hold it because I want to gain profit with the rise of the bitcoin price. And I want to sell it because if the bitcoin price grows higher, I will gain much money. In addition, I want to sell because I am in need of money and no matter how the bitcoin price is high, I will sell it to get money.

[CryptosapienZA]

Is Bitcoin ABC the Segwit Bitcoin? If the answer is yes, I am not sure yet but I am considering keeping both coins while I acquire more of the cheaper coin which is BTCC.

[roadbits]

Doesn't matter what will happen on 1st August - I will never sell my Bitcoins. The price will be grow for sure in the future!

highly agreed with you dude. whatever happen in the 1 st august, the price of bitcoin will raised more its my trust.a large number of people selling their valuable bitcoin for panic.but i think they are doing wrong.i am not selling my coin.just holding them tightly. bitcoin industry is not for lazy person.

No mate we don't underestimate the panic sellers. Who knows after August 1st if the price started to drop means we will become a fool. Because of this segwit, we are not doing any Bitcoin transaction since last two months suppose if the price drops again I think it will take minimum 4 to 5 months time to recover price. But i also have trust on Bitcoin and holding it in my wallet whatever it comes I am ready to accept.

[crazyivan]

Dump it the moment you get it. First few hours after this shit of a coin appears and even a few days will be BRUTAL, people will be dumping free coins big time.

After that, I really see no reason why would I hold or mine this? Since it s obviously a scam coin made so people behind it can mine the shit out it the first few days, how am I to belive they wont dump their coins the moment they feel like it. It s in essence a new alt with a huge premine. So why would I hold it again?

[FlightyPouch]

I would hold and sell my bitcoin. I would hold it because I want to gain profit with the rise of the bitcoin price. And I want to sell it because if the bitcoin price grows higher, I will gain much money. In addition, I want to sell because I am in need of money and no matter how the bitcoin price is high, I will sell it to get money.

Well, I would gladly do so too, but the OP is not asking about the Bitcoin that you originally know but the BCC or the bitcoin that came from the network splitting.

I think I will not hold my BCC if I will be receiving those because I don't have any interest with that coins. I will be just selling them and convert them into bitcoin.

[samuraijin]

That is a good suggestion, i think many people will hold it too but not necessarily it will be like bitcoin and price will not be more than bitcoin price

[Andre_Goldman]

If you run a node you will now need 4 times more storage space, can you afford it ?

Among all the stupid reasons to be against bigblocks, this has got to be the stupidest.

Then why are so few people running a full node ?

There are also bandwidth consideration. I have more than 250TB of storage space at home, but limited bandwidth. My Bitcoin Core wallet has crashed for some reason (PC is extremely stable, with ECC memory) and it doesn't manage to recover. It took me weeks to download the blockchain, I'm not ready to do it again.

my bitcoin client used to crash often ... then I change my HD to SSD and it become much more stable ...
I think it is about the I/O Bottleneck gap ...

It came to my mind while reading an article at ACM

"Processing power is in fact so far ahead of disk latencies that prefetching has to work multiple blocks ahead to keep the processor supplied with data. [...] Fortunately, modern machines have sufficient spare cycles to support more computationally demanding predictors than anyone has yet proposed."—Papathanasiou and Scott,10 2005

That disks are cheap and slow, while CPUs are expensive and fast, has been drilled into developers for years. Indeed, undergraduate textbooks, such as Bryant and O'Hallaron's Computer Systems: A Programmer's Perspective,3 emphasize the consequences of hierarchical memory and the importance for novice developers to understand its impact on their programs. Perhaps less pedantically, Jeff Dean's "Numbers that everyone should know"7 emphasizes the painful latencies involved with all forms of I/O. For years, the consistent message to developers has been that good performance is guaranteed by keeping the working set of an application small enough to fit into RAM, and ideally into processor caches. If it isn't that small, we are in trouble.

Indeed, while durable storage has always been slow relative to the CPU, this "I/O gap" actually widened yearly throughout the 1990s and early 2000s.10 Processors improved at a steady pace, but the performance of mechanical drives remained unchanged, held hostage by the physics of rotational velocity and seek times. For decades, the I/O gap has been the mother of invention for a plethora of creative schemes to avoid the wasteful, processor-idling agony of blocking I/O.

Caching has always been—and still is—the most common antidote to the abysmal performance of higher-capacity, persistent storage. In current systems, caching extends across all layers: processors transparently cache the contents of RAM; operating systems cache entire disk sectors in internal buffer caches; and application-level architectures front slow, persistent back-end databases with in-memory stores such as memcached and Redis. Indeed, there is ongoing friction about where in the stack data should be cached: databases and distributed data processing systems want finer control and sometimes cache data within the user-space application. As an extreme point in the design space, RAMCloud9 explored the possibility of keeping all of a cluster's data in DRAM and making it durable via fast recovery mechanisms.

Caching is hardly the only strategy to deal with the I/O gap. Many techniques literally trade CPU time for disk performance: compression and deduplication, for example, lead to data reduction, and pay a computational price for making faster memories seem larger. Larger memories allow applications to have larger working sets without having to reach out to spinning disks. Compression of main memory was a popular strategy for the "RAM doubling" system extensions on 1990s-era desktops.12 It remains a common technique in both enterprise storage systems and big data environments, where tools such as Apache Parquet are used to reorganize and compress on-disk data in order to reduce the time spent waiting for I/O.

source:
http://queue.acm.org/detail.cfm?id=2874238

[jbreher]

It s in essence a new alt

Well, sorta. As a simple small change to current Bitcoin design, it is no more an alt than is SegWit.

with a huge premine

The term 'premine' typically refers to a small cadre of miners secretly mining before release in order to get rich when difficulty is low. In contrast, the distribution of BCC is every holder of Bitcoin gets a 1:1 ratio holding of BCC at the instant of the fork. How could this be any more fair?

Note that this is exactly the distribution mechanism employed by SegWit Coin.

So why would I hold it again?

To have a holding of a more capable cryptocurrency.

[shodiqtercinta]

I will still maintain it. until the price is high