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

[jay8291]

BTC price likely to drop 10 to 20 percent on August 1st when the chain splits. Make sure to have your private keys when this happens so you don't lose funds.

and why would price drop? only bcoz someone is forking his own of Bitcoin ? I dont think it will have any effect on price unless some Big Miner is behind this project..

[jonald_fyookball]

algo ?!!!

SHA256.

I'm not sure that I'm understanding your question.

it would be better switched to script  

No.  That would making bitcoin ASICs not work. We want big miners to switch over.

[FreeTrade]

Currently only trading at around 15% of BTC price.

https://www.viabtc.com/quot/realtime?currency=cny&dest=bcc&chart=simple

[FreeTrade]

BTC price likely to drop 10 to 20 percent on August 1st when the chain splits. Make sure to have your private keys when this happens so you don't lose funds.

and why would price drop? only bcoz someone is forking his own of Bitcoin ? I dont think it will have any effect on price unless some Big Miner is behind this project..

Rumor is that that is the case.

[illseey]

When polo?

[Convery]

I don't support this coin .

[Gyrsur]

the price of this first real fork of Bitcoin will be dumped to zero after 08/01/2017.

how to protect against this?

[HostFat]

the price of this first real fork of Bitcoin will be dumped to zero after 08/01/2017.

how to protect against this?

Sell them now
- https://www.viabtc.com/convert/bcc / https://www.viabtc.com/quot/realtime?currency=cny&dest=bcc&chart=simple

[jimmybob_007]

I don't see this working but I wish you the best of luck. I'll keep checking now and again

[25hashcoin]

BCC won't be an altcoin for very long. It will become the new Bitcoin.

[hgmichna]

@hgmichna
They are two different currencies, it isn't inflation.
You should better study more about economics.

It is like that you are saying that we make 100 forks of Bitcoin, then we have 21 milion * 100

Economists do not determine the future of bitcoin. Ordinary users do. And they don't understand any fine economic points. They only see 42 million coins instead of the promised 21 million.

Journalists will also have a field day. You know how precisely and honestly they report.

The bitcoin price has always tanked whenever there was a threat of a hostile hard fork. We may end up with two worthless cryptocurrencies.

[25hashcoin]

The Trust Attack – From February, but as topical as ever.

TL;DR: Governments and banks would have a field day. They would say, see, they have inflation. They always preached that there would never be more than 21 million bitcoin. Now there are 42 million. This is the perfect wedge to drive into bitcoin and discourage all users.

Limited supply means nothing without usability. Not like we don't have a huge alt market. SegwitCoin does not offer scale or usability, nor sticks to Bitcoins original vision of peer to peer electronic cash. BCC will become bitcoin shortly after August 1st when people realize Bitcoin was made usable again.

[hgmichna]

BCC won't be an altcoin for very long. It will become the new Bitcoin.

A new bitcoin that cannot do fast transactions? Wait until the person next to you pays for his coffee in a second through the Lightning Network while you are waiting for 10 min or an hour for your confirmation.

[digaran]

Satoshi's vision was to never create a second version/chain, you are betraying all of the things he stood for. his vision was to have a consensus and the majority chain be the Bitcoin, why don't you let the majority decide? you are forking anyways without the majority say so.
This is the style of US veto everything related to Israel in UN, we already hate your guts.

[hgmichna]

The Trust Attack – From February, but as topical as ever.

TL;DR: Governments and banks would have a field day. They would say, see, they have inflation. They always preached that there would never be more than 21 million bitcoin. Now there are 42 million. This is the perfect wedge to drive into bitcoin and discourage all users.

Limited supply means nothing without usability. Not like we don't have a huge alt market. SegwitCoin does not offer scale or usability, nor sticks to Bitcoins original vision of peer to peer electronic cash. BCC will become bitcoin shortly after August 1st when people realize Bitcoin was made usable again.

Last I looked the required fees for an on-chain transaction were below 5 satoshi/byte. Those seven weeks of transaction spamming are over. Bitcoin is as usable as ever, apart from the fact that it is also as slow as ever with an average of one block every 10 minutes.

This slowness would break its back, so Segregated Witness ("SegWit") was developed to double the block capacity and to enable fast, cheap, anonymous, trustless off-chain transactions. At least two of the new systems are currently being developed and tested, the Lighnting Network and TumbleBit.

Things are going according to plan. I'm not sure what you are talking about.

[hgmichna]

Satoshi's vision was to never create a second version/chain, you are betraying all of the things he stood for. his vision was to have a consensus and the majority chain be the Bitcoin, why don't you let the majority decide? you are forking anyways without the majority say so.
This is the style of US veto everything related to Israel in UN, we already hate your guts.

A theory adequate for today requires us to think for ourselves, standing on the shoulders of giants of the past, not kneeling in front of them.

      Mervyn King (former Governor of the Bank of England)
      The End of Alchemy: Money, Banking and the Future of the Global Economy

[25hashcoin]

BCC won't be an altcoin for very long. It will become the new Bitcoin.

A new bitcoin that cannot do fast transactions? Wait until the person next to you pays for his coffee in a second through the Lightning Network while you are waiting for 10 min or an hour for your confirmation.

It's not your bitcoin unless you settle on chain...and good luck with that on a choked out chain. Btw, you don't need Segwit poison to run LNs anyway.

[25hashcoin]

Satoshi's vision was to never create a second version/chain, you are betraying all of the things he stood for.

This is nonsense. The status quo/segwit/constricting on chain scale is a betrayal of Satoshis vision. BitcoinCash brings us back in alignment with his true vision and also gets us passed the deadlock orchestrated by DCG/Blockstream/Core's propaganda and deception.

[jonald_fyookball]

BCC won't be an altcoin for very long. It will become the new Bitcoin.

thumbs up for the optimism, but never underestimate your enemy.  This will be a war.

[digaran]

snip

A theory adequate for today requires us to think for ourselves, standing on the shoulders of giants of the past, not kneeling in front of them.

      Mervyn King (former Governor of the Bank of England)
      The End of Alchemy: Money, Banking and the Future of the Global Economy

Lol I don't get what you saying but whatever it is, we could also stand on the giant's shoulder and dump on his head, lol
This fork is what they are doing to the unbreakable Bitcoin, it's fine let them fork and let them throw their millions away by buying this coin from other people, but you all should never buy a single catoshi of this coin because that's when they'll dump their millions of doubled Bitcoins on you, at first they'll put a few millions $ to legitimize this in the eyes of public but lets see what happens when we cashed out our coins and dumped them on their bought up exchanges and left them alone with their coin.

Satoshi's vision was to never create a second version/chain, you are betraying all of the things he stood for.

This is nonsense. The status quo/segwit/constricting on chain scale is a betrayal of Satoshis vision. BitcoinCash brings us back in alignment with his true vision and also gets us passed the deadlock orchestrated by DCG/Blockstream/Core's propaganda and deception.

Whatever you say, he never wanted even having another node version but you went and created a few just in case, tested each one of them and at last decided to go with a last minute coded software, you think people are stupid?