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Author Topic: If you believe that forking will give you 2 coins worth more than 1 coin  (Read 1110 times)
deisik
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July 30, 2017, 07:23:07 PM
Last edit: July 30, 2017, 08:23:01 PM by deisik
 #21

please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)

Bigger blocks are good only for the cartel

And they actually lead to heavier centralization so it is hard to guess what you might mean by "keeping the "decentralized" idea". Bitcoin needs faster and cheaper transactions, and I don't really think that making blocks bigger serves this purpose very well. More centralization means more mining market monopolization, which is synonymous with higher fees and slower transactions. What we need are approaches that essentially take miners out of the equation altogether (as a factor to count in). Conceptually, it is the PoS model of achieving distributed consensus (instead of PoW, as of now). More specifically, it is approaches that make possible close to real-time, off-chain transactions with low or no fees. Sorry, but bigger blocks don't cut it in any of these departments

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July 30, 2017, 07:23:53 PM
 #22

please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)


Your post is not wrong but the title of the thread is incorrect, the fork is going to give to us 2 coins, there is not question about it, personally I do not think the price of bitcoin is going to crash that bad, BCC is the one that is going to crash rapidly since it will be a race to who can dump it the fastest.
The same thing as what I think the price will not last long where people will throw it away to take advantage quickly and will crash

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freeyourmind
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July 30, 2017, 09:14:16 PM
 #23

Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August

That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low.

Depending on which wallet or exchange BTC is currently on, I think we'll probably get access to BCH at different times.  I'd probably expect it to get dumped as well...exchanged for BTC, which may push the BTC price up.
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July 30, 2017, 09:48:33 PM
 #24

Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

Rejoice then. $3k + $100 = $3.1k. $400 higher than present. I take it you won't be dumping your BCC. Grin Grin Grin

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July 30, 2017, 09:57:56 PM
 #25

please keep in mind that

1BTC + 1BCC worth $1,000 is not as smart as 1 BTC worth $3,000...

BCC is a scam, it is almost sort of "pre-mined" by Bitmain (hash power and 1st move advantage), and was only created to enrich Bitmains' greedy board.
Too bad, beacuse the idea of a way bigger block size is great and that is what BTC needs (up to a certain extend, to keep the "decentralized" idea, even if 1% of holders have 69% of BTC...)
I am not sure how you come up with these calculations ,if i get an equal share of the split how can it be $1000 combined,do you think that the price would go down for bitcoin,what are you trying to tell here,BCC has some good backing for now and if they create a better model to compete with bitcoin,so be it,you do not shut down innovation by calling it a scam,let them do what they are trying to do as simple as that and if you are not interested ,just forget about it.
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August 03, 2017, 06:52:24 PM
 #26

Don't worry BTC will be over $3k after the split while BCC might struggle to even remain above $100 within next few weeks of its listing on few altcoin trading platform.

BTC will be major chain while BCC will remain as just another bitcoin clone offering nothing more than large blocks.

It will only be the attention of the beginners, we can calmly face this, because we believe that btc will remain the key to another coin, while bcc will only follow it. And for the moment we will only wait with what happened in early August

That is true, BCC doesn't have any chance at all but still there will be some individuals who hope they will manage to make some money on it. I think that most exchangers will not support it so there will be a struggle for a while. But wha is for sure no one wi make double profit because the value of BCC will be very low.
Speculators will try to make money with anything that crosses their path, in a way they are  like addicted gamblers, an addicted gambler will not only be addicted to traditional games but in fact will try to bet into any activity as long as someone is willing to take a bet against him.
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August 03, 2017, 07:04:58 PM
 #27

This fork gave me a lot of free coins  Wink

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August 03, 2017, 10:51:12 PM
 #28

This fork gave me a lot of free coins  Wink

Yes. Actually I was WRONG on this one.

The value of BTC + BCC went higher than $3,000
1 BCH + 1 BTC = 1.14 BTC = $3,200


Impressive resilience from the BTC. Glad I was wrong !
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August 05, 2017, 10:11:28 PM
 #29

This fork gave me a lot of free coins  Wink

Yes. Actually I was WRONG on this one.

The value of BTC + BCC went higher than $3,000
1 BCH + 1 BTC = 1.14 BTC = $3,200


Impressive resilience from the BTC. Glad I was wrong !
If you dumped your BCH as fast as you could and you got that 1.14 then you are in luck bitcoin alone now has a value over that so if you multiply 1.14x3200 you get 3648 so for those that could dump their coins in an exchange congratulations, you got earnings of 14% on bitcoin and profits of 35% on fiat.
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