Is BitcoinCash a joke?

[ViolaDavis]

Yes, it was a quick pump from $ 300 now to $ 800 I regret not buying it at $ 300

[1714878919]

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[Judd Hawkins]

Of course there are benefits but in that the risk factor is very high because the ICO is the capital mobilization project

[sweetbet]

WOW!! It looks like BCC is here to stay and will eventually be giving BTC and the alt market a run for their money. It actually reached 0.24 today !! Investing in it now might be like investing in BTC a year or so ago.

[Ruggito]

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

Nice article to read ( I dunno if it was posted earlier on the thread). I'm not a fan of the cospiracy theories, but I admit that it could have some nice insights...

[LFC_Bitcoin]

Damn BCH has nearly doubled from the last time I checked the price. Thanks for the air drop Jihan
I'm going to have to do some proper resesrch soon to learn how to sell all my free BCH or do I wait a bit hmmmm

[RealBitcoin]

is it true that bitcoincash found first 8mb block ?  my friend is saying that this pump is because of that 8mb block found?

Bitcoin cash recently mined the 8 mb block and that is the reason for this price jump and the rally is going strong and this is the coin which is at the second spot when it comes to valuation and so it is never considered a joke and if they could run successfully mining with 8MB blocks and make things faster then what is the problem with it.

thanks for explanation . i got some questions .is everything same except block size? i don't get it. if it is that simple then why they don't do this to bitcoin?

Hehe, you have inadvertently triggered a tripwire and stepped on a landmine at the same time...

The Bitcoin Core developers and their corporate sponsors, Blockstream, determined that increasing Bitcoin's blocksize would cause catastrophic centralization and break the network. People here and elsewhere argued fiercely about this issue for FOUR YEARS, in a civil war that consumed many peoples' sanities...

Several Bitcoin Core devs tried to launch their own versions of Bitcoin with a larger blocksize, and all were ostracized from the Core dev group, and had their ability to commit code taken away (Gavin, Hearn, Garzik, etc.).

Suddenly, Bitcoin Cash came out of nowhere, and it "just works" with 8MB blocks. The timing of it was perfect because Bitcoin Core forced the network to soft fork to support Segwit, their (inferior) scaling solution that doesn't increase the blocksize at all.

I dont think their corporate sponsors really care about decentralization. Corporations are centralized like hell and they are only in it for the money.

But I agree, that a 8 mb block size will decrease the node count rapidly, in 1 year you will barely see any nodes in BCH, and that will limit the security and the censorship resistance to it. Combine this with the fact that BCH is already controlled heavily by mining cartels, it just shows you how centralize it is.

But I am not against BCH, I think it's a good experiment that is worth the test to see which one survives and adapts better to the environment.

[Ar1st0]

I think one of the best prospective coin is BCC, b'cz the volume currently increase.

[classicsucks]

is it true that bitcoincash found first 8mb block ?  my friend is saying that this pump is because of that 8mb block found?

Bitcoin cash recently mined the 8 mb block and that is the reason for this price jump and the rally is going strong and this is the coin which is at the second spot when it comes to valuation and so it is never considered a joke and if they could run successfully mining with 8MB blocks and make things faster then what is the problem with it.

thanks for explanation . i got some questions .is everything same except block size? i don't get it. if it is that simple then why they don't do this to bitcoin?

Hehe, you have inadvertently triggered a tripwire and stepped on a landmine at the same time...

The Bitcoin Core developers and their corporate sponsors, Blockstream, determined that increasing Bitcoin's blocksize would cause catastrophic centralization and break the network. People here and elsewhere argued fiercely about this issue for FOUR YEARS, in a civil war that consumed many peoples' sanities...

Several Bitcoin Core devs tried to launch their own versions of Bitcoin with a larger blocksize, and all were ostracized from the Core dev group, and had their ability to commit code taken away (Gavin, Hearn, Garzik, etc.).

Suddenly, Bitcoin Cash came out of nowhere, and it "just works" with 8MB blocks. The timing of it was perfect because Bitcoin Core forced the network to soft fork to support Segwit, their (inferior) scaling solution that doesn't increase the blocksize at all.

But I agree, that a 8 mb block size will decrease the node count rapidly, in 1 year you will barely see any nodes in BCH, and that will limit the security and the censorship resistance to it. Combine this with the fact that BCH is already controlled heavily by mining cartels, it just shows you how centralize it is.

LOL still copypasting those Kore talking points?

The cheapest part of running a node is the hard drive - 1TB is standard now. The bandwidth to sync full 8MB blocks all day and night is really trivial if you're hosting at a datacenter, far less than even a mildly popular website covered in sh*tty ads... So don't worry about nodes.

Mining is where you want to worry about centralization anyway, and that happened in 2014 with BTC, and most other coins too...

[bustomi]

Bitcoincash still have many possibilities now, although after the price pump recently it's become no joke anymore

[Getmon]

Bitcoincash still have many possibilities now, although after the price pump recently it's become no joke anymore

That was why I was thinking it was too early to judge this coin. It has just been introduced so we still cannot see the entire future of this coin. There was early pump followed by a huge dump, and the price is now moving up and down just like any other. Let us just wait and see where this coin will reach.

[cryptotal]

BCH and BTC are of same origin. They just gave people option to choose a better performing crypto. And others to get rich as well.

[realhobo669]

Its not a joke,clone version of blockchain from 1st august,Price is above $600 If bitcoin is 24 K gold, its 4K gold

[sweerty1]

I don't think it is a joke or shitcoin. I am pretty careful about bitcoin cash as I don't plan to buy at all but I think it will be good project after a year. Just watching them right now.

[senin]

I wonder of "We the People", as in 40 billion $, will trust a 3 month old website and a lame copycat of the Bitcoin Core software.

To be fair, being a copycat is kind of a good thing. Their code is likely to be less buggy if they copy the tried and tested code and only modify small amounts of it themselves.

Anyway, I suppose we'll have to find out after August 1st who the market supports.  I agree that Bitcoin Cash doing to well is unlikely - kwukduck started a thread saying that it would do well, so now I'm quite convinced that it won't.

From the position after the first of August, we can say that it turned out well. Created Bitcoin Cash, which separated from Bitcoin and has a fairly high rate. And since its inception, it basically grows and surprisingly reached about $ 900. Although many predicted that he would die quickly.

[LVC]

I don't think BCC's a joke, but because of the similarity of it between BTC, people might consider it as some sort of unauthorized copycat. Fact is, with this promising but not highly competitive cryptocurrency market background, a coin that is similar to BTC but with some other merits would actually be a good fit, especially for those who now think Bitcoin is a good asset but missed the prime opportunity to invest in it.

[wildflower18]

BCH and BTC are of same origin. They just gave people option to choose a better performing crypto. And others to get rich as well.

I dont think Bch is a joke. It become known because of bitcoin, yes they just give option to choose between bch and btc. Somehow they are correlated with each other, but you know its early to predict what may the outcome of Bch.

[Fourgh]

I think they are just trying to make transaction rates faster. The purpose is good but the means are not so great in achieving it because they want users to use a different currency.

[agus_purno]

I don't think BCC's a joke, but because of the similarity of it between BTC, people might consider it as some sort of unauthorized copycat. Fact is, with this promising but not highly competitive cryptocurrency market background, a coin that is similar to BTC but with some other merits would actually be a good fit, especially for those who now think Bitcoin is a good asset but missed the prime opportunity to invest in it.

Indeed many people assume that BCC is a joke or just as a duplicate bitcoin means the person does not know about how BCC exists, and with the process how it formed.

[harimauagam]

This is a joke as far as i know there is no cashcoin because bitcoin to pay us in game only with coin ,, if there is bitcoincash where it is his country.

[izumaki]

I don't think bitcoincash has a good aim, if not to steal the shine off bitcoin, buy using its name however the market will decide what it wants, but i see it as a competitor to Litecoin and ethereum not bitcoin