Scalability issues and why Bitcoin ABC (aka Bitcoin Cash) is gonna take over

[Hallmader]

Good read. I know most people and maybe even all of my friends are against this BCC and are considering this as FUD or act of greed. But on my own assessment if Bitcoin will remain like this with no heavy upgrades, is it ready to cater hundreds of million people or even billion in the near future? So I can't blame this Bitcoin Cash thing and I am just excited and interested how they performs.

[JorisK]

You are plain stupid or act plain stupid, I'm sorry for being rude.

BTC was not made so people can make money, but to free people from Central Banks that control the value of (FIAT) money, and thus them control your wealth with a few buttons. BTC was made so we have total freedom and total ownership of our money, safe and secure. It is NOT made and never has been made for people to make money out of it. That does not mean that you CAN make money out of it (hodling / trading / whatsoever)

First of all: u're stupid. People are abandoning bitcoin because of stuffed-up mempool, which is too small to handle even small transactions. Instead of growing large Core decided to let small- and bigtime miners make money from fees, while time of confirmation may go up to several hours. This has driven many people away from Bitcoin, and Segwit won't do shit about it - it's a half-measure. Only high block size, like for example 8Mb (8 in chinese means wealth or fortune or smth like that) will bring peace and grow to Bitcoin.

If block size will not be increased, then there's no interest in holding Bitcoins, so all this point about free from government money is worth nothing

Your story is so full of bullshit that I'm gonna quit responding to you. You are either paid to talk bs or a complete troll.

After 1 August you can move all your BTC to ABC. I'll see you back in this thread a few weeks later i hope.

Good luck.

[JorisK]

Good read. I know most people and maybe even all of my friends are against this BCC and are considering this as FUD or act of greed. But on my own assessment if Bitcoin will remain like this with no heavy upgrades, is it ready to cater hundreds of million people or even billion in the near future? So I can't blame this Bitcoin Cash thing and I am just excited and interested how they performs.

Segwit is already years old my friend, same as Lightning Network. They are very well developed and tested upgrades, but Bitmain hates it because it will cut their fees and they can't use their covert ASICBOOST anymore.

So yes, for years BTC already tries to upgrade their network, but greedy clowns who want more control and monopoly over the network block the upgrades. The community got sick of it and called UASF to push Segwit, and now all of a sudden Bitmain moves and rushes BIP91 and 2X in. Without UASF nothing would have happend.

[JohnMacaron]

Good read. I know most people and maybe even all of my friends are against this BCC and are considering this as FUD or act of greed. But on my own assessment if Bitcoin will remain like this with no heavy upgrades, is it ready to cater hundreds of million people or even billion in the near future? So I can't blame this Bitcoin Cash thing and I am just excited and interested how they performs.

Segwit is already years old my friend, same as Lightning Network. They are very well developed and tested upgrades, but Bitmain hates it because it will cut their fees and they can't use their covert ASICBOOST anymore.

So yes, for years BTC already tries to upgrade their network, but greedy clowns who want more control and monopoly over the network block the upgrades. The community got sick of it and called UASF to push Segwit, and now all of a sudden Bitmain moves and rushes BIP91 and 2X in. Without UASF nothing would have happend.

Is Lightning Network something Satoshi envisioned, my dear friend? Is Segwit impeccable system which will lead Bitcoin's flock to 2Mb block and to the moon? Many smart people articulated it quite clear: without tangible size block increase Bitcoin will go down. It's not anymore about centralization or greediness of miners and whatever: it's all about whether Bitcoin will wither away and die or will it take over the world. Segwit won't do shit 2Mb block either, only high capacity blocks will eventuate in something good.

[justmint]

Whether Bitcoin Cash succeeds or fails it will certainly be very interesting to witness how the whole thing unfolds.

[Last of the V8s]

withering, my arse.
fork off, Craig, nobody cares

[pedrog]

There are a shit load of altcoins, none has 'take over' bitcoin yet, this new altcoin, Bitcoin Cash, most likely will not take over like all the other 800 coins.

There's nothing new in this fork, but there's a lot less, it doesn't have the hundreds of experienced developers...

[JorisK]

So funny the TS mentions the "centralization problem" that Chinese miners own the failed BTC and he favours BCC.

Here's the Hash distribution in one pic:

[Red-Apple]

day dream all you want, and spam all over this forum and then go on reddit and spam there too. in fact spam until your fingers bleed

your fork is an altcoin and will die like all the rest of the shitcoins. we will pump and dump it and enjoy you idiots who give us your money  when we are dumping on you and when it gets overused we will toss it aside and move on to new altcoins to pump and dump.

[Ayers]

lol you really believe that a coin like bitcoin cash with a free airdrop will succeed? everyone will just dump his amount for bitcoin, because it's stupid to hold  a shitcoin that is a clone of bitcoin, made by some wannabe mienrs that are against core

[Morphling]

i just wondering why use a newbie account to make this post, is there any shameful secret that fear to be known, bcc is just scam that make no sense

[sixexgames]

I'll collect some BCC but I highly doubt it makes a huge impact.

[JohnMacaron]

lol you really believe that a coin like bitcoin cash with a free airdrop will succeed? everyone will just dump his amount for bitcoin, because it's stupid to hold  a shitcoin that is a clone of bitcoin, made by some wannabe mienrs that are against core

Some people might be thinking that bitcoin is not supposed to be a save haven only for gamblers, drugdealers and idots striving for getrichnowponzischemepiramydes. Someone might be considering that destination of Bitcoin is to be new world currency which high intrinsic value is not blown-up by MLM but by worldwide acceptance as means of payment and limited-supply goods. That goal can be achieved only and i cannot overemphasize it ONLY if we can agree on system that can process transactions quickly and convenient. That can be procured only by significant increase in block size, not layering some bullshit protocols like Segwit.

[Makka]

This thread made me a little dizzy. I was more confused as to what the real score is. Scalability and confirmation time is indeed an issue with BTC. But I think the general mood is still with BTC. But let us just wait. It will be several days from now and we will know which one will end up trusted by the majority of bitcoin users. 

[jwkman]

Can't wait to see BCC crash hard next week

[JohnMacaron]

Right now BCC trades to renminbi in equivalent to ~400$. https://www.viabtc.com/quot/realtime?currency=cny&dest=btc&chart=simple

https://coinmarketcap.com/currencies/bitcoin-cash/

U wait and we're waiting. Take in mind that technically BCC doesn't even exist now!! it's merely its futures are traded on Viabtc.

[khufuking]

Right now BCC trades to renminbi in equivalent to ~400$. https://www.viabtc.com/quot/realtime?currency=cny&dest=btc&chart=simple

https://coinmarketcap.com/currencies/bitcoin-cash/

U wait and we're waiting. Take in mind that technically BCC doesn't even exist now!! it's merely its futures are traded on Viabtc.

I understand that you are getting paid to post but at least spend some effort . How the hell it is have a price if it is not even exist!!! do you think about BS you are posting before you do ! . the prices on ViaBTC is just worth nothing .  I do not even think that people behind BCC have balls to tank it for real. They are just hoping that random idiot enough people fall for this and tank it for them .  We will see as you said .

[JohnMacaron]

random idiot enough people

Great sentence, i'm proud of u, boy! khufuking 2017, everyone.

BCC is real project and after few days it will be implemented, after that futures will transmute into real "tangible" digital goods. I hope so, at least.

And i am not paid by anyone, just worried about state of things, that's all. I'm a worrier, u see.

[qiwoman2]

I am curious to see how far the dump will go to the bottom. I am sure at some point it will get pumped but all depends on the BCC marketing squad to see where it mind end up. It might get some hardcore supporters but I can't see it 'taking over' Bitcoin. I will get around 0.1 worth from NOVA EXCHANGE so I will just keep it as a souvenir. If it drops to maybe one USD I might buy 100 of them and you never know after a year or two I might see it go up x 10.  It might do an ETH classic and go to around 5-10% of the value of Bitcoin if it gains some traction.

[JohnMacaron]

Go fork yourselves, BCC infidels - burn in hell! Your congested like toilet with bloody tampons Bitcoin has no chance of survival. BCC is the future.