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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 703946 times)
crypto4jan
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July 30, 2017, 07:49:50 PM
 #1061

now big question remains, who will buy BCC

the people who made it. then they'll pump the crap out of it and everyone else will fomo in.

anyone dumping immediately is playing right into their hands.

thats right. and this is an interesting text.

http://www.zerohedge.com/news/2017-07-28/bitcoin-civil-war-over


Nice interview with Roger Ver

Check also this:
https://coingeek.com/core-think-bitcoin-cash/

Quote
So now the new agenda by Core and Blockstream is to attack “Bitcoin Cash” as an altcoin, and to discredit its position as the true Bitcoin. But anyone reading Satoshi’s whitepaper and other writings will instantly recognise that ‘Bitcoin Cash’ is indeed the coin the inventor and creator desired. But this isn’t about doing it for ‘Satoshi’. It is about recognising that there was nothing ever wrong with the original roadmap for Bitcoin. The derailment by Blockstream into Segwit isn’t for Bitcoin’s benefit, it is actually for the benefit of Blockstream and its many investors.


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mindrust
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July 30, 2017, 07:54:20 PM
Last edit: July 30, 2017, 08:16:05 PM by mindrust
 #1062

now big question remains, who will buy BCC

the people who made it. then they'll pump the crap out of it and everyone else will fomo in.

anyone dumping immediately is playing right into their hands.

You actually may be right.

Remember, Roger held his coins all these years even though he didn't like anything about it.

When Craig was asked about his decision on his bitcoins after the hard fork, he went mad and said piss off it ain't your business.

Anything you hold on this new chain gives you a bit of power proportional to your balance. You can threaten them with a dumpfest like they do to us,  but holding those will also make that chain stronger.

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this  new chain. And with the massive amounts of FIAT they made over the years by selling miners/cloud hash they can apply FOMO easily on bcash. No need to say many of those dumpers will be buying back their bcashes for a higher price. And That's exactly what they want.

In other words, they'll make profits from this split no matter what you do.

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jc12345
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July 30, 2017, 08:06:31 PM
 #1063

There is one positive that could come out of this. As people move their BCC to exchanges to dump it indicates "active" corresponding BTC. There will be interesting data analysis that can be done to understand BTC holdings better. Some BTC has for example been lost and those BCC will not move. Some BTC was thought to be lost and BCC movement will show it is not lost. Hidden BTC holdings could also be exposed via the first BCC movements.
digmoney
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July 30, 2017, 08:54:05 PM
 #1064

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this  new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.
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July 30, 2017, 08:56:01 PM
 #1065

How many BCC will be at the moment of the release? The same amount of btc?
digiworld1
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July 30, 2017, 08:59:47 PM
 #1066

How many BCC will be at the moment of the release? The same amount of btc?

Its 1:1 ratio! so yeah!
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July 30, 2017, 09:01:03 PM
 #1067

How many BCC will be at the moment of the release? The same amount of btc?


Yes Around 16.5 millions coins. Anyone can claim after fork who is holding Bitcoin now.
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July 30, 2017, 09:07:16 PM
 #1068


Quote
So now the new agenda by Core and Blockstream is to attack “Bitcoin Cash” as an altcoin, and to discredit its position as the true Bitcoin. But anyone reading Satoshi’s whitepaper and other writings will instantly recognise that ‘Bitcoin Cash’ is indeed the coin the inventor and creator desired. But this isn’t about doing it for ‘Satoshi’. It is about recognising that there was nothing ever wrong with the original roadmap for Bitcoin. The derailment by Blockstream into Segwit isn’t for Bitcoin’s benefit, it is actually for the benefit of Blockstream and its many investors.


isn't he missing, or rather pissing all over, one of the other more important points - 1 cpu = 1 vote.

now all votes are in the hands of a few pricks in china.

i don't think satoshi would be very happy with that. roger and his buddies certainly would be.
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July 30, 2017, 09:11:05 PM
 #1069

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks
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July 30, 2017, 09:16:02 PM
 #1070

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

it's a separate coin. it has nothing to do with 2x or not, but that's the theory at least.

in practice maybe miners could threaten to switch if 2x doesn't activate but we'll get a much better idea of how much bcash is worth before then.

i don't think 2x will activate in november no matter what happens. anyone rational would not trust an entire network to something that doesn't really exist yet. similarly the bitcoin cash code will be shit so no one will want to switch to that either.
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July 30, 2017, 09:18:26 PM
 #1071

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet

https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

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mindrust
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July 30, 2017, 09:24:23 PM
 #1072

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this  new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

By "attacking", I mean they'll buy your coins gratefully from your hands to increase their shares. When own the majority of the bcashes, if they pump their coin artificially, it will be them making money. Not you, or anybody who instadumped. And many clueless people will fall for that fake pump.

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CORNEL
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July 30, 2017, 09:34:09 PM
 #1073

To senior members who may have the answer, Because of the hard fork/Bitcoin Cash, then there wont be segwit2x in November 18, 2017? Many Thanks

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet

https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

This is interesting article I also think this market will be very exciting after hard fork but I will wait for a month to take any action there.
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July 30, 2017, 09:38:09 PM
 #1074

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this  new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

By "attacking", I mean they'll buy your coins gratefully from your hands to increase their shares. When own the majority of the bcashes, if they pump their coin artificially, it will be them making money. Not you, or anybody who instadumped. And many clueless people will fall for that fake pump.

I believe the point he was trying to make is that with little mining power BCC will be so easy for a group of miners to kill by double spend attacks.

The reality is that BCC isn't going to be very secure.
mez
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July 30, 2017, 10:42:35 PM
 #1075

And if you dump, Roger/Wu/Wright will attack your coins like mad dogs and they'll have the majority of the shares of this  new chain.

Doesn't the minner have all the power in this chain? A 51% attack is there much easier to perform.

By "attacking", I mean they'll buy your coins gratefully from your hands to increase their shares. When own the majority of the bcashes, if they pump their coin artificially, it will be them making money. Not you, or anybody who instadumped. And many clueless people will fall for that fake pump.

I believe the point he was trying to make is that with little mining power BCC will be so easy for a group of miners to kill by double spend attacks.

The reality is that BCC isn't going to be very secure.

speculation.

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July 30, 2017, 11:08:52 PM
Last edit: May 23, 2019, 05:43:34 PM by Real-Duke
 #1076

Interesting everyone is predicting the same BCC/BCH  Smiley
We will know it soon..

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July 30, 2017, 11:17:42 PM
 #1077

Interesting everyone is predicting immediate sell and subsequent demise of BCC/BCH  Smiley
We will know it soon..

A bulk of the posts here are inquiries on how to claim BCC, and they appear to have a somewhat urgent tone. The only reason that I see someone wanting to claim this urgently, is to dump at the best price possible.
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July 30, 2017, 11:24:54 PM
 #1078

Interesting everyone is predicting immediate sell and subsequent demise of BCC/BCH  Smiley
We will know it soon..

A bulk of the posts here are inquiries on how to claim BCC, and they appear to have a somewhat urgent tone. The only reason that I see someone wanting to claim this urgently, is to dump at the best price possible.

This is the consensus I haven't seen a poll where members are voting to dump or keep Bitcoin cash in my opinion Bitcoin cash is just another altcoin so it deserves to be dump but of course at the best possible price.

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July 30, 2017, 11:32:21 PM
 #1079

isn't he missing, or rather pissing all over, one of the other more important points - 1 cpu = 1 vote.
You are wrong.
You should go back and look again at the bitcoin.pdf: https://bitcoin.org/bitcoin.pdf
Nowhere you will find 1 CPU = 1 VOTE.
You will find instead 7 times: "CPU power"

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July 30, 2017, 11:32:37 PM
 #1080

I'm about to dump this so hard  Grin

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