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

[GaleRecoN]

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You can do what you please with the BCC.
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Is this part based on your judgment or what? Are you going to put on risk your 10 BTC based on your understandig?

I can't tell people what to do with their balance. It's up to them to decide what to do with it. I was explaining how to get the BCC balance after the hard fork.

Can you tell how decreasing their BCC balance affects their BTC balance? That is main question...

Spending your BCC should have no affect on your BTC balance. BTC and BCC should be in two different locations and the only currency affected will be the key containing the currency you want to spend/transfer.

Like I said. They will be two separate chains. Meaning they will work independently from one another. Treat them as two separate currencies.

should?
Look i am not native english speaker but as long as i remember from my english lessons about 30 years ago when someone is not quite certain he uses should could would or whatever. There is a different way to express 100% certainty. Correct?
Can you make a statement with 100% certainty? YES/NO

Gotta read the website...

Quote directly from the front page:
If I own Bitcoin, do I automatically own Bitcoin Cash too?
Yes.  Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block.  However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.

How is transaction replay being handled between the new and the old blockchain?
 Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain.  This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

The second point talks about replay. Meaning any transactions happen to the BTC chain after Aug 1st won't repeat on the BCC chain and same for the opposite.

and yes...I'm 100% certain that this happens if both blockchains will be running. Notice that under New Features it also says 'Should two chains persist'

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[loshia]

Wow, there are lots of very confused people in this thread!

http://damiontrombley.com/wp-content/uploads/2015/07/Fork-In-the-road.jpg

It is a fork, both will have the same historic blockchain, after the split they both go separate ways. If you had bitcoin before the fork, you will have it after on BOTH chains... questions?

How about the statement that every valid BTC transaction (after split/fork) will be valid in BCC chain also
Any questions  

That statement has no validity, they wont be valid on both chains, just as if you travel the road to the left you wont be traveling the road to the right at the same time.

More questions? :/

This:
If your statement is true that shall mean that after fork generated mined bitcoins after 1 of august will no be convertible right
How about that after a split your wallet will be able to generate valid transactions for both chains

Ok, I give up. Have fun come August guys!

I am giving up also i will come back in august to see the funny part

[Wexlike]

Trezor Update regarding BCC:

https://twitter.com/TREZOR/status/889893406327046145

Replay protection was just merged into BCC. This cleared the major hurdle to supporting BCC. We will release our plan soon.

[tehMoonwalker]

jaxx wallet supported??

[loshia]

Just be sure that there is replay protection involved in your BCC transactions and you are free to spend your airdrop coins wherever you want.

@Ioshia Post less if you don't understand the technicals.

As i said i am giving up i will come after 1'st of august just for fun  
Every one make sure you spent all of your BCC airdropped (free ) coins immediately first. Free money right? hurry up Otherwise all will dump them and price will hit 0.00. You must be the first on 1 of august promotion train...

A how to video (with replay protection involved in your BCC transactions folowing technicals expert advise ) how to export/import keys will be highly appreciated also for the folks in a hurry...You may skip backup wallet part just in case it will be useless if something goes wrong

[GaleRecoN]

A how to video how to export/import keys will be highly appreciated also for the folks in a hurry...You may skip backup wallet part just in case it will be useless if something went wrong

Copy the key containing your BTC. Go to your BCC supported wallet, find the import button or section, then paste the key in there. Wait for your funds to arrive. No file transfer or anything. Don't really need a video for this.

[loshia]

A how to video how to export/import keys will be highly appreciated also for the folks in a hurry...You may skip backup wallet part just in case it will be useless if something went wrong

Copy the key containing your BTC. Go to your BCC supported wallet, find the import button or section, then paste the key in there. Wait for your funds to arrive. No file transfer or anything. Don't really need a video for this.

Coll so only the easiest part left to dump your free BCC and get FREE MONEY?
Please go ahead and do it....I will come back after a couple of days to enjoy the and celebrate your profits

[ehrz22]

Im new at cryptocurrency so im still confuse about this segwit and fork issue. What's with this bcc?

[jovan85]

Hello
I still not understand how receive free "airdrop'' Bitcoin Cash , any article explanation ? Thank you

[richpress]

At the end let us imagine that you are correct and spending BCC will not affect your BTC balance. What is the feature of the coin when everybody will dump their free BCC IMMEDIATELY to get a buck ? Do not tell me that someone will hold that is not the case and you know it

Exactly my thoughts about this, everyone will be withdrawing everything they own into a local bitcoin wallet just to get some of this free money, after the fork the second it'll be listed somewhere it'll be dumped to oblivion

[naska21]

I don't understand why people taking this clone so serious we all aware of this it has no future mostly people will dump so quickly right after fork. I also ready to do this when this event will happen because I have faith only in bitcoin.

One needs to be prepare. At first, Ethereum Classic was also not taking seriously. Nevertheless it survived and in the list of many Exchanges.

[GaleRecoN]

At the end let us imagine that you are correct and spending BCC will not affect your BTC balance. What is the feature of the coin when everybody will dump their free BCC IMMEDIATELY to get a buck ? Do not tell me that someone will hold that is not the case and you know it

Exactly my thoughts about this, everyone will be withdrawing everything they own into a local bitcoin wallet just to get some of this free money, after the fork the second it'll be listed somewhere it'll be dumped to oblivion

The exact same thing happened to ZenCash. When it was first forked and listed on Bittrex, it was trading at around $15-$18. A few days later it dropped all the way to $4-$6 and still stuck there. I guess the thinking behind this is the fact that you have to own the previous one to get the new one. So it will attract the investors from the previous currency to the new one. This way they don't have to worry about getting enough supporters and investors through an ICO while still putting quite a bit of BCC into circulation.

[TeraBite]

jaxx wallet supported??

https://twitter.com/jaxx_io/status/889880787985760257

Still in conversation but no action taken I think they will announce their position about before that HF. From my point of view they will support this coin.

[tomkat]

At the end let us imagine that you are correct and spending BCC will not affect your BTC balance. What is the feature of the coin when everybody will dump their free BCC IMMEDIATELY to get a buck ? Do not tell me that someone will hold that is not the case and you know it

Exactly my thoughts about this, everyone will be withdrawing everything they own into a local bitcoin wallet just to get some of this free money, after the fork the second it'll be listed somewhere it'll be dumped to oblivion

What if it will be getting more and more hash power over time?
What if 2MB hard fork in Segwit2X won't happen? What if pro-big-block miners will start switching to BCC?
I'd not be so sure about all of this, and perhaps keep BCC for a little longer just to make sure I'm not left with worthless BTC.

[Smokeyw]

so what wallet to use then ?

[BuyBitcoinTR]

BCC = BCU
40% is now BCU if I read it correct:
https://qz.com/937312/bitcoin-btc-is-tearing-itself-apart-again-and-its-price-is-yo-yoing/

There was BTU once.
Are they gonna make a fork when they get bored?

How many forks in total of these greedy ones?

1. BTU https://coinmarketcap.com/currencies/bitcoin-unlimited/#markets
2. BCC https://coinmarketcap.com/currencies/bitcoin-cash/
3. Bcc? https://coinmarketcap.com/currencies/bitconnect/

GT

[CoinSpeculator]

who will pay money to that coin i can't understand it.
there no project and nothing just for name is BITCOIN?
i don't think so, it will die very fast.

[crypto4jan]

https://www.coindesk.com/coindesk-explainer-bitcoin-cash-forking-blockchain/

[KeyJockey]

Cross-Posting here from my original on Reddit /btc sub, to get this going 'viral' ASAP...!

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Why not "BC" Ticker Symbol, for Bitcoin Cash ? ?
submitted 15 minutes ago by KeyJockey

Hey since two-letter symbols are allowed (see "SC" for SiaCoin) why not use simply "BC" for "Bitcoin Cash" instead of BCC (since it's conflicting with BitConnect)

This is SHORT, SIMPLE and DIRECT just like Bitcoin Cash's simple and direct approach to the scaling debate (just raise block size rather than changing and complicating everything via segwit etc).

At first, BC can stand for "B"itcoin "C"ash, for now... but then when it becomes dominant it'll just stand for simply "B"it"C"oin again

Yeah, I know it's a pain in the ass to change things once people have already started using "BCC"... BUT it will be a lot HARDER to change this once the coin actually launches and exists. This whole Bitcoin Cash thing is happening so fast, mistakes are bound to be made and I think "BCC" was a mistake.

The community can FIX this if this idea goes viral, FAST...!! Gentlemen! Fire Up Your Mouses and Click! Click! Click! to get this going ! !

P.S. I searched around on coinmarketcap and coincap, google, etc and did not find any other crypto using "BC" yet... if anyone knows otherwise please post but it DOES appear to be unused ! !

[Regulater]

I hope the segwit solution or fork will not hurt original bitcoin investors much.

Its going to heavily effect the price. the new coins are no where near the price, and come August 1st all new coins created are going to crash most likely. Bitcoin is known for being Bitcoin, a set amount of coins. To cause an inflation would cause original bitcoin prices to drop too. panic sells will occur as usual, so prices on BTC will drop before, and who knows where the price will go after, as some major investors are only investing to make a profit. If the coin crashes there are chances over a billion dollars worth of investors will not come back due to the instability of a forking currency. We will have to find out after, but really this fork is not coming from an economic stand point, but more of a greed standpoint. Many supporters want the free coins and are supporting for no real reason, which in the end their balance of BTC and the free coins can end up being worth less than BTC currenty. I already pulled all my coins for USD at the high point and am going to see how it plays out.