Bitcoin Cash (BCC) is an Alt-coin trying to profit off the Bitcoin Brand

[pooya87]

to me this looks more like a desperate attempt to make a short term profit out of thin air. possibly to cover some losses (dare i say the cost of spam attacks). or even to start selling some mining equipment to new miners since the new chain may have lower hashrate and a lower difficulty with one of their pulls on github.

otherwise anybody in this world knows very well that when you fork like this with little support your chain is doomed for a thousand different reasons. and we can see price of it is falling already and the "airdrop tokens" are not released yet!

Anyone can create one of these stupid spinoff coins at any time, but they're not successful for obvious reasons.

Here is the last one of these: https://bitcointalk.org/index.php?topic=1883902.0

very good point.

[trecore4]

I never stressed myself thinking about BCC in that way. But with your statements there rise a big question regarding BCC being not accepted by the devs. What I mean here is if I know bitcoin or other altcoins are to be taken down then and there is entity being formed for that then I wouldn't support it at all. Neither I will invest into it making my credits about bitcoin very bad. I'm just trying to push the fact that why concern about BCC if it is really a negative role in the story. :-)

[hello_good_sir]

If they accomplish a fork, good for them.... that's great accomplishment and all.

But if Bitcoin was really flawed, and they had the magic solution, then why not create a brand new coin? The reason they don't is because Bitcoin isn't flawed, and they need the Bitcoin brand to make money off their new Alt-coin. That is all. Bitcoin Classic 4 Lyfe.

I would argue the same thing, bitcoin cash should be considered an altcoin with an airdrop much like clams. A snapshot is taken of the original bitcoin blockchain and the balances reflect on the forked blockchain.

If they really wanted to do this they could have just created a brand new altcoin. However they are definitely trying to steal bitcoin's name and image. They know that if they just created another altcoin they'll gain no publicity because there are so many better options out there that are better than this.

They are going through with it even though they seemed to support segwit2x. If they made a compromise then i wouldn't be angry at all, but now they're just trying to destroy bitcoin by having an unnecessary hard fork that only has speculative value and nobody is going to accept.

[BitcoinHodler]

i have to agree. and sadly it is causing a lot of turbulence in bitcoin world, a little with price and a lot of it is affecting people who are starting to become uncertain again. of course it is nothing like before and BIP148 split risk because BCC has little support, but it is still a big drama!

the worst part is, everyone considers it an altcoin and yet they insist on forking from bitcoin instead of starting a brand new, "from scratch" cryptocurrency and use it to implement their ideas.

[nitish94]

The simple answer: it’s literally just free coins just waiting for you.
The method behind the madness, though, is a decision regarding marketing strategy. As a way to spread awareness to the relevant audience of potential investors and eventual enthusiasts, coin teams will, from time-to-time, do airdrops.
Participating in Free Airdrops
The Tools You’ll Most Likely Need

Here’s what you need to catch airdrops like a stud
An Ethereum Wallet: not one that is on an exchange. It has to be a personal address that is ERC20 compatible because most of the tokens that are airdropped are ERC20 tokens, which are or were originally Ethereum-based ICOs. I suggest using MetaMask or MyEtherWallet to get started immediately, but in the long-term I always recommend getting a hardware wallet like the Ledger Nano S.
The Ethereum Wallet Must be ACTIVE. By active, I mean that you have to show at least some human use of it. Lots of airdrops have checks in place to make sure that you aren’t just randomly generating a bunch of addresses and signing them all up to unfairly obtain more coins. This means that if your wallet doesn’t show activity, it might not receive the airdrop. Sometimes, coins will be explicit in what they look for, including some type of balance in the account.
A Telegram Account (https://telegram.org/): I’m sure there are amazing reasons why Telegram is the chatting tool of choice for many of these ICOs. The coins want to boost the audience count. Usually, these airdrop coins will also require you to sign up for their Telegram accounts. Until you receive the coin in your Ethereum wallet, do not leave the Telegram accounts or you risk disqualification for the airdrop.
A Twitter Account (https://twitter.com/): Similar to the reasons behind the Telegram account, many of the airdrop coins will also require you to follow them on Twitter. Some of them will even ask you to retweet some tweet.
An email address. sometimes airdrops will ask for your email, too. If you don’t feel comfortable with giving them your real email, just create a spam one. Remember the password, though; some of them actually ask you to confirm your email.