[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees

[Mrpumperitis]

There could be 3 Bitcoins soon

1- bcc - forked from the original chain, upgraded blocks, close to orginal satnak version.
2- btc segwit - another fork but with a controversial 2nd layer, leading to possible centralised bitcoin.
3- standard btc - the one we have all known, 1mb , no segwits, with slow tx.

Which one will you choose as the real bitcoin?

im defo 100% with #1

Dont you mean
1 - BCC
2 - Segwit
3 - Segwit2x

yea, i think so, tbh at times i do get confused between segwit and segwit 2x lol..
but yea , 3 types of btc on the way.

http://coinivore.com/2017/08/10/bitcoin-cash-superior-segwit2x-bitcoin-core-developer/
Gregory Maxwell, a Bitcoin Core developer, and Blockstream’s CTO, publicly stated on Reddit that the alternative to Bitcoin born on August 1st, Bitcoin Cash, is superior to Segwit2x.

“Bcash at least has replay protection and HF safe headers now (though it didn’t until it hit its difficulty adjustment rule). It is superior to S2X. It also doesn’t seek to force itself on anyone who doesn’t want it,” Maxwell said.

*It’s very interesting to see a Bitcoin Core developer state that BTC is essentially inferior to its newly split counter part Bcash which is supposed to fix most of the problems developers have with the current legacy BTC.

...

The dev is not saying BTC (segwit) is inferior he is saying segwit2x is.

No offence but for someone so vehemently defending BCH you dont really seem to know whats going on.

no offence taken, we are all here to learn.
1st the comment above, i didnt say anything, its words from maxwell.

ok try and keep it simple, the current btc is now segwit coin and not in line with what the original dev wanted...
bcc is in line with what the dev wanted.
segwit coin is 2tier/2nd layer
bcc is not and functions almost identical to what btc used to.
http://www.trustnodes.com/2017/07/23/bitcoin-cash-splitting-segwit
A pseudonymous cryptographer, going by the nickname of James A. Donald, argued that bitcoin could not scale because it:
“Requires each peer to have most past transactions, or most past transactions that occurred recently. If hundreds of millions of people are doing transactions, that is a lot of bandwidth – each must know all, or a substantial part thereof.”
Nakamoto rejected his argument,
*It is an argument that was repeated many times, with Nakamoto rejecting it each time to the point where he looses his cool and gave us one of his most famous lines:

“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

As such, everyone expected bitcoin to scale on-chain along the lines roughly laid out by Nakamoto who implemented a dual soft-limit and hard-limit.

The soft-limit was initially 250kb, which miners raised with no problem, despite the objections of some like Peter Todd and Luke JR, to 500kb, 750kb and then 1MB.

The 1MB hard-limit requires a hard-fork to be lifted. Something some Bitcoin Core developers, like Todd, Luke-Jr and Gregory Maxwell, had been arguing since around 2013 should not occur, with their points being a re-hash of Donald’s arguments.

So big blockers are rejecting segwit. Chain-split hard-forking to Bitcoin Cash, which continues the soft-limit and hard-limit approach laid down by Nakamoto and followed by the bitcoin network for much of its existence.



now can i ask you, is segwit coin really necessary?
 is peter toad smarter than satoshi?
what side are you on and why?
thanks m8  

[Grrizz]

-snip-

now can i ask you, is segwit coin really necessary?
 is peter toad smarter than satoshi?
what side are you on and why?
thanks m8  

IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo.

None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly.

The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.

[rakeapps]

bitcoin cash could become bitcoin this is not a financial advice but the price is cheap it,s getting cheaper to mine bitcoin cash then bitcoin

bitcoin developers and bitcoin core developers all want a bitcoin currency competition.This could be huge for bitcoin with several harforks all free money

bitcoin cash could become the main chain but the Lightening network is great so it could also become one of the winning chain.bitcoin legacy with the original bitcoin chain could be like digital gold and be worth a lot of money.with all this coming competition bitcoin price and it,s different versión is going to increase a lot in price and bitcoin could become a main currency in business and commerce

[fisheater]

BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly

[Perryl]

-snip-

now can i ask you, is segwit coin really necessary?
 is peter toad smarter than satoshi?
what side are you on and why?
thanks m8  

IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo.

None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly.

The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.

Satoshi, whoever he/she/they were, couldn't possibly have considered future technology that even we have yet to consider. Satoshi is likely still kicking around.

Just like HTML continues to evolve, so will the blockchain.

[TeraBite]

BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly

Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign.

[Perryl]

I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.

I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.

I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.

[alani123]

I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.

I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.

I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.

I don't think that bch has any longer g term potential. It would probably be dead by the time the bubble popped, and not likely sooner than that. It's not possible for both to be sustained for long.

[bones261]

BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly

Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign.

I thought the goal here was to establish that this fork is the legit fork. Anything less than the number one spot is a fail. This community better take giant leaps, not baby steps to reach their goal.

I think it's absolutely hilarious that people think BCH will eventually pass BTC. That's just not going to happen.

I'm not one to speak in absolutes, but in this situation? I feel pretty confident in saying that BCH will *never* surpass BTC.

I might be wrong, eat crow, I'll accept the egg on my face. I hope everyone gets rich, but my opinion still stands.

If BCH passes BTC, it would be a feat that would rival any miracle found in the Bible. Ver would then truly deserve his title as Bitcoin Jesus.

[Noruka]

-snip-

now can i ask you, is segwit coin really necessary?
 is peter toad smarter than satoshi?
what side are you on and why?
thanks m8  

IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo.

None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly.

The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.

Well, I believe that Satoshi created a protocol where he thought about the things that he couldn't think about back then. He created a protocol that makes everything possible. In order to take that properly into account, it would be more fair to say that he obviously created a solution that excludes nothing fro becoming reality. This is the huge achievement of Satoshi.

[tekmobile]

BCC price stabilized and will be increasing soon, hope it will take back the 3rd position quickly

Now it's BCH I also hope it will get succeed take back it's position if it would happen than price will be over $400. Let's see when this rise will happen this coin still has good buy support and that is nice sign.

Its possible to reach $400 quite easily but by then BTC will probably be nearer $8000+

[wiked1]

So when do we start referring Bitcoincash as BCASH and Ticker BCH ??

[BTC-BTC-BTC]

So when do we start referring Bitcoincash as BCASH and Ticker BCH ??

BCASH is going to be (Maybe) another fork later. Better use Bitcoin Cash for now and ticker is BCH or BCC depends on the exchange.

[Odeoke]

So when do we start referring Bitcoincash as BCASH and Ticker BCH ??

Agreed with you OP must change the title of this thread according to the correct name BCASH. But some big exchange still using BCC that is why it is confusing at the moment.

[European Central Bank]

oh, they won't like the removal of the bitcoin part of the name. they'll change it to bcash when hell freezes over. it's a pride thing.

[johnsmithx]

So when do we start referring Bitcoincash as BCASH and Ticker BCH ??

Agreed with you OP must change the title of this thread according to the correct name BCASH. But some big exchange still using BCC that is why it is confusing at the moment.

Do you both really don't know that Bcash is an entirely different coin? Or are you intentionally being stupid?


From https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb:

Announcing Bcash

Bcash is a new cryptocurrency that uses the existing Bitcoin ledger combined with Zcash privacy technology. It aims to alleviate the congestion in the Bitcoin network while protecting users with the strong privacy guarantees of Zcash technology.
It is expected to launch in the first quarter of 2018.

Mini FAQ:

How can I buy Bcash?
Bcash has not launched yet, there is no way to buy or sell it. Do not trust anyone offering to buy or sell Bcash at this time.

How is it related to Bitcoin Cash?
They are entirely different projects.

[European Central Bank]

Do you both really don't know that Bcash is an entirely different coin? Or are you intentionally being stupid?

wow. one medium post. it's time to take this project seriously.

other than that we're on the bcash thread right now.

[Mrpumperitis]

-snip-

now can i ask you, is segwit coin really necessary?
 is peter toad smarter than satoshi?
what side are you on and why?
thanks m8  

IMO what was laid out 9 years ago doesn't have to be the be all and end all of bitcoin, over time, especially in the information sector, things change and grow. Segwit improves apon the origonal code in a way that perhaps Satoshi didn't even think about way back then, it fixes the malleability and quadratic scaling issues, increases transaction throughput and does this without the need of a hardfork. Its not about siding with whos smarter than who, you dont have to pick one team and block everyone else out, even entry level coders can come up with incredibly elegant solutions sometimes just because they aren't locked into the existing status quo.

None of the current proposals are good long term solutions and maybe bigger blocks will be necessary but its something that is being rushed unnecessarily at the moment. Personally for the main chain I believe that after segwit is activated we should wait and see what affect it has while continuing to work on other solutions like block size increases and other future bug fixes then, when and if it is deemed necessary, roll out as many of these improvemnts as possible in a single hardfork and only after the code has been thoroughly tested and peer reviewed. I dont think hardforking should be something that is taken lightly.

The beauty of bitcoin is that no one owns it and I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he knows that if he were a public figure his opinion would be the final say on bitcoins future and I believe that in the end that goes against everything that he and bitcoin is about... decentralisation.

im not cutting anyone out, i got both versions of btc lol,, its the people that dumped for "free money" that may regret when they realise bcc is closer to the real btc

i used to agree with what you are saying, until i began looking into it deeper.

This 2 tier debate was happening at the start and satoshi believed we dont need another layer, btc can scale itself.
If it were up to toad and co we wouldnt have even had 1mb blocks, they tried to stop it going up so many times and when it did they were proven wrong.

Now, the thing is there has never been any proof that a 2tier system is better, and it does (segwit) lead to a more centralised version of btc.
bcc has bigger blocks, they are here and as time passes imo they will prove satoshi was right.
We all want whats best for the system overall and to me bitcoin should be pure and bcc is that, anything else ...go use an alt-coin.


(you said) I can almost guarantee that is why Satoshi has publically dissapeared from the scene because he.....
(i say).... Satoshi has publically dissapeared from the scene because he prob realised he was wasting to much time and energy fighting a growing list of trolls lol.

[Mrpumperitis]

The only reason bcc isnt flying higher right now, imo is because many are waiting for cheap polo coins.
Once thats out the way and many will realise there is no huge dump coming, there will be a huge swing.
Mining and money will come towards bcc, im 100% confident.
Something huge is coming and many wont even know until its happened.
Prepare....buy/hodl your bcc, when coins come from polo, research before doing anything.

Bcc= decentralised bitcoin
btc= segwit centralised coin


https://steemit.com/cryptocurrency/@krabgat/what-is-segwit


The arguments against Segwit are:

    The block size increase is not enough to satisfy the growing needs of Bitcoin’s user base.
    Others see a hidden agenda as a large number of people working on SegWit are also employed by a company called Blockstream, whose primary product is side-chain solutions.
    Because a side-chain’s transaction will be verified by a trusted third party it is an unacceptable compromise because this is what the blockchain is supposed to eliminate.




The SegWit is providing solution to the following challenges in the network;

    Resolve the weak spot in the Bitcoin software
    Increase of the block size limit to an absolute maximum of 4 MB. The actual block size will depend on the network conditions. It is predicted by experts to be in the range of about two to 2.1 megabytes immediately after SegWit’s activation.
    Remove the barrier to the implementation of second-layer solutions (side-chains) like the proposed Lightning Network. Second-layer solutions remove the bulk of the transactions off the blockchain to a side-chain.

(bcc solves these issuses and more)

[Mrpumperitis]

Description:
Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity. If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin.
OP


<---buying BCC