BTC or BCC

[JohnMacaron]

BCC is the sad manifestation of a very small yet very loud group of people who believe they know better for everyone else. They believe they represent everyone while they are utterly disconnected from the silent majority who actually uses BTC on a daily basis.

They are the people you can't possibly argue with, and if BTC was launched with 8 MB blocks, they'd still do the same but with a higher number.

They can't possibly understand that transactions should have a price and Bitcoin is not intended for dust transactions. Even if the blocksize was 50 MB, eventually casinos, dice games and various services would fill the blocks with dust transactions requiring users to increase their fees to compete. It's a very simple notion they can't seem to understand.

After <insert the latest fork proposition> propaganda ended, we now currently have 10223 unconfirmed transactions (which is very low) compared to 100k+ when the network was spammed by supporters of various fork attempts.

And considering how high BTC's price is and how many new people are interested in it, the backlog is really nothing. Besides, with 8MB blocks, the whole network could be spammed for the same amount of money - if transaction fees are linear.

You have to have a market for transactions, because spamming the network will always happen! 100k transaction backlog with 1MB blocks or 800k transactions with 8 MB blocks doesn't make any difference at al - it costs the same!


Besides, transaction fees going to miners are intended as blockrewards decrease...

The whole thins only really going to temporarily set BTC back in exchange of having some power over it. But at least the real BCC buy walls will actually show how many people actually care about this abomination.

PS.: what a dumb name Bitcoin Cash actually is?

I'll tell u smth boy. Bitcoin Cash means that by means of by far larger adjustable block size BCC will be able to process all transactions it needs to. Adjustable block cap means that there will not be such an issue like people defecting from bitcoin because it's congested like toilet pipe and crowded by speculators and gamblers. BitcoinCash is the future, while Bitcoin BIP148 is sinking shit. it's going down, boy

Bitcoin already processes all transactions it needs to. You'd know if you'd use it and not just talk about using it.

Go back to your ciclejerk that is /r/btc, "boy". Regardless of block sizes, transactions will eventually cost the same because you can spam 1MB blocks just the same as 8MB blocks for the same amount of money if fees scale linearly. Maybe try understanding basic principles like this instead of calling people "boys".

Whose needs are covered by bitcoin right now?Besides of gamblers and speculators? Can u buy yourself a cup of coffee or a bus ticket not risking to spend all day in coffeshop or riding on the bus in circles-jerkles?

[bathrobehero]

BCC is the sad manifestation of a very small yet very loud group of people who believe they know better for everyone else. They believe they represent everyone while they are utterly disconnected from the silent majority who actually uses BTC on a daily basis.

They are the people you can't possibly argue with, and if BTC was launched with 8 MB blocks, they'd still do the same but with a higher number.

They can't possibly understand that transactions should have a price and Bitcoin is not intended for dust transactions. Even if the blocksize was 50 MB, eventually casinos, dice games and various services would fill the blocks with dust transactions requiring users to increase their fees to compete. It's a very simple notion they can't seem to understand.

After <insert the latest fork proposition> propaganda ended, we now currently have 10223 unconfirmed transactions (which is very low) compared to 100k+ when the network was spammed by supporters of various fork attempts.

And considering how high BTC's price is and how many new people are interested in it, the backlog is really nothing. Besides, with 8MB blocks, the whole network could be spammed for the same amount of money - if transaction fees are linear.

You have to have a market for transactions, because spamming the network will always happen! 100k transaction backlog with 1MB blocks or 800k transactions with 8 MB blocks doesn't make any difference at al - it costs the same!


Besides, transaction fees going to miners are intended as blockrewards decrease...

The whole thins only really going to temporarily set BTC back in exchange of having some power over it. But at least the real BCC buy walls will actually show how many people actually care about this abomination.

PS.: what a dumb name Bitcoin Cash actually is?

I'll tell u smth boy. Bitcoin Cash means that by means of by far larger adjustable block size BCC will be able to process all transactions it needs to. Adjustable block cap means that there will not be such an issue like people defecting from bitcoin because it's congested like toilet pipe and crowded by speculators and gamblers. BitcoinCash is the future, while Bitcoin BIP148 is sinking shit. it's going down, boy

Bitcoin already processes all transactions it needs to. You'd know if you'd use it and not just talk about using it.

Go back to your ciclejerk that is /r/btc, "boy". Regardless of block sizes, transactions will eventually cost the same because you can spam 1MB blocks just the same as 8MB blocks for the same amount of money if fees scale linearly. Maybe try understanding basic principles like this instead of calling people "boys".

Whose needs are covered by bitcoin right now?Besides of gamblers and speculators? Can u buy yourself a cup of coffee or a bus ticket not risking to spend all day in coffeshop or riding on the bus in circles-jerkles?

Who said Bitcoin is intended for buying coffee or bus tickets? With 10 minute transactions it's pretty clear it's intended for much bigger transactions. You can't buy a coffee and wait 20-30 minutes for the first confirmation in case blocks are late regardless of transaction fees.

Even without transaction fees, higher block sizes will not help you buy your cup of coffee. Bitcoin has grown to be too big to be used for tiny shit like that. And that is completely fine!

I buy most things above $100 with Bitcoin but I would never even want to buy small stuff that's payment is very time sensitive.

[auliahr]

Btc remains number one, will never be replaced. Bcc would be altcoin and that's for sure. But when bcc is obtained for free, all also want.

[ilovefeetsmell]

Which coin should I keep? I mean it will going to seperated but which is going to be profitable more ?

I will remain to btc. I don't know yet what is BCC? BitcoinCash? I don't want to choose of the two. Bitcoincash
 is not yet happened so I will go for bitcoin. It is necessary to distinguish whether the money is still visible to others or not. Bitcoin exists on the internet so no one couldn't hold a large amount of money and it is decentralized so everyone can own bitcoin.

[cdog]

Hold both but BTC will be always the big one

Hold only Bitcoin because only Bitcoin has potential become better and only Bitcoin has a good future.

I prefer Bitcoin than BCC.

[JohnMacaron]

BCC is the sad manifestation of a very small yet very loud group of people who believe they know better for everyone else. They believe they represent everyone while they are utterly disconnected from the silent majority who actually uses BTC on a daily basis.

They are the people you can't possibly argue with, and if BTC was launched with 8 MB blocks, they'd still do the same but with a higher number.

They can't possibly understand that transactions should have a price and Bitcoin is not intended for dust transactions. Even if the blocksize was 50 MB, eventually casinos, dice games and various services would fill the blocks with dust transactions requiring users to increase their fees to compete. It's a very simple notion they can't seem to understand.

After <insert the latest fork proposition> propaganda ended, we now currently have 10223 unconfirmed transactions (which is very low) compared to 100k+ when the network was spammed by supporters of various fork attempts.

And considering how high BTC's price is and how many new people are interested in it, the backlog is really nothing. Besides, with 8MB blocks, the whole network could be spammed for the same amount of money - if transaction fees are linear.

You have to have a market for transactions, because spamming the network will always happen! 100k transaction backlog with 1MB blocks or 800k transactions with 8 MB blocks doesn't make any difference at al - it costs the same!


Besides, transaction fees going to miners are intended as blockrewards decrease...

The whole thins only really going to temporarily set BTC back in exchange of having some power over it. But at least the real BCC buy walls will actually show how many people actually care about this abomination.

PS.: what a dumb name Bitcoin Cash actually is?

I'll tell u smth boy. Bitcoin Cash means that by means of by far larger adjustable block size BCC will be able to process all transactions it needs to. Adjustable block cap means that there will not be such an issue like people defecting from bitcoin because it's congested like toilet pipe and crowded by speculators and gamblers. BitcoinCash is the future, while Bitcoin BIP148 is sinking shit. it's going down, boy

Bitcoin already processes all transactions it needs to. You'd know if you'd use it and not just talk about using it.

Go back to your ciclejerk that is /r/btc, "boy". Regardless of block sizes, transactions will eventually cost the same because you can spam 1MB blocks just the same as 8MB blocks for the same amount of money if fees scale linearly. Maybe try understanding basic principles like this instead of calling people "boys".

Whose needs are covered by bitcoin right now?Besides of gamblers and speculators? Can u buy yourself a cup of coffee or a bus ticket not risking to spend all day in coffeshop or riding on the bus in circles-jerkles?

Who said Bitcoin is intended for buying coffee or bus tickets? With 10 minute transactions it's pretty clear it's intended for much bigger transactions. You can't buy a coffee and wait 20-30 minutes for the first confirmation in case blocks are late regardless of transaction fees.

Even without transaction fees, higher block sizes will not help you buy your cup of coffee. Bitcoin has grown to be too big to be used for tiny shit like that. And that is completely fine!

I buy most things above $100 with Bitcoin but I would never even want to buy small stuff that's payment is very time sensitive.

I would not even dare to ask what kind of "stuff" u're purchasing with this currency, but nevertheless let me ask u this: what value has money which cannot obtain u even a cup of coffee? How many people actually use bitcoin to buy toys, furnitures or rent a room or whatever else online? Or rather bitcoin community consist mostly from speculators and gamblers + ponzi scheme operators who don't see any intrinsic value in bitcoin and just exploiting this new fad for their own avid ambitions? I don't want this shit, I want scalable convenient currency not some get-rich-quick bunkum.

[bathrobehero]

I would not even dare to ask what kind of "stuff" u're purchasing with this currency, but nevertheless let me ask u this: what value has money which cannot obtain u even a cup of coffee? How many people actually use bitcoin to buy toys, furnitures or rent a room or whatever else online? Or rather bitcoin community consist mostly from speculators and gamblers + ponzi scheme operators who don't see any intrinsic value in bitcoin and just exploiting this new fad for their own avid ambitions? I don't want this shit, I want scalable convenient currency not some get-rich-quick bunkum.

I buy all kinds of shit with BTC from PC hardware to softwares, appliances and furnitures, sometimes even services if I can - and most of the time the BTC accepting webshops I use have the stuff I need.

Why are you being stuck up on coffee? It's not like you're buying coffee with bonds, checkbooks or gold shavings off of an ingot either.

Why are you trying to shit on Bitcoin saying that it's filled with gamblers and scammers? The same Bitcoin you're trying to argue it only really needs bigger blocks to be perfect?

You're not making any sense at all here. And as I said, considering how many people use Bitcoin nowadays we can say that it did scale sp far pretty damn well. And without network spams it can handle a whole lot more. It wouldn't worth $2780(!) otherwise.

But seriously though, let me ask your argument against this; let's say with 8MB blocks transaction sizes become 1/8th of what they are now (not that it would still be optimal to buy coffe because of the slow block times but whatever). That would mean that if someone were to spam the network as it was the case weeks ago spending, let's say 0.5 BTC each day (just a random number) with 8 MB blocks he could fill all the 8MB blocks for the same amount of 0.5 Bitcoins. So what's the difference?

[digaran]

OP is talking like he has thousands of Bitcoins lol most old time holders already sold their coins and now only some large companies and of course governments are holding most of the coins anyways.
You must keep the few Bitcoins that you have and remember the other coin is just an alt coin.

[coin-investor]

We need to see how and what a bitcoincash breakthrough, I am quite curious about this coin because it can be directly owned for free in accordance with amount of btc in our exchanges wallet. Many people have negative connotations, but it's natural because there is no business proposal from this coin that has been proven.

It is very normal that people will have negative connotations about it, they are like that in bitcoin at first, after all. In my opinion, bitcoin cash would be just like ethereum classic, that is always having some percent of value so I think it will still be worth it to hold both btc and bcc when the time comes, they can also both be as profitable as it is now. For now I think it bcc would have a dump, after all many will get it for free.

If this is going to be just like ethereum classic I am in favor of that because I am going to get Bitcoin cash free, but judging from how the people react we are going to have a massive dumps after we got ourselves this free coin, I would like to see how the market reacts first..

Exciting times for all of us.

[frendsento]

Of course As for me I will still choose Bitcoins ,  Bitcoin was already widely spread and developed , many companies from small medium enterprises unto large companies has already absorb the technology of bitcoins , Personally I use bitcoins for my daily activities ,  Bitcoins cash is just an altcoin that uses bitcoin for its marketing strategy , but of course everyone has entitled of their own opinion this was just for me.

[jack1111]

BCC dump is expected, most of people plan to sell their BCC for bitcoin, however, I prefer holding them for some time.

[shenjing85]

Why not keep both of BTC and BCC? If you buy 1 btc now and withdraw them to your wallet, after August 1st, you will probably have 1 btc and 1 bcc.

[erep]

Why not keep both of BTC and BCC? If you buy 1 btc now and withdraw them to your wallet, after August 1st, you will probably have 1 btc and 1 bcc.

You can have BCC for all the BTC's you own on August 1st. What will you by holding them.? Thinking it would beat BTC one day and have more value.? Let me know how people will shift from BTC to BCC.

[bathrobehero]

Since it's expected that BCC's price will only go down, likely trading all to BTC as soon as possible is the best way. Unless there will be a pump later.

But, it's all speculation.

Considering how silly the BCC project is, I don't want anything to do with it and will get rid of it as soon as I can in exchange for free BTC and the tears or anti-BTC zealots.

Why not keep both of BTC and BCC? If you buy 1 btc now and withdraw them to your wallet, after August 1st, you will probably have 1 btc and 1 bcc.

You can have BCC for all the BTC's you own on August 1st. What will you by holding them.? Thinking it would beat BTC one day and have more value.? Let me know how people will shift from BTC to BCC.

Read my earlier comments. Block size increase solving transaction fees is a delusion and BCC offers nothing else at all. It won't solve absolutely anything.

[Cryptobird]

I just sent my Bitcoins to a Bitcoin Cash wallet by mistake, did i lost my coins? or will they be converted to Bitcoin Cash coins after August the first ?

[bathrobehero]

I just sent my Bitcoins to a Bitcoin Cash wallet by mistake, did i lost my coins? or will they be converted to Bitcoin Cash coins after August the first ?

Bitcoin Cash doesn't exists yet.

[Pearls Before Swine]

Mmmm...just bitcoin.  Don't know much about BCC and perhaps I'll be getting some come the split, but as everyone has said, bitcoin is bitcoin. 
There is never going to be a substitute for bitcoin, at least not in my opinion. 
I am very curious to see how it all works out.  I've read the debate and it has indeed been furious at times.
If BCC takes off and leaves BTC in the dust...well, perhaps I'll reconsider my position.  But I do not think that's going
to happen.

[Cryptobird]

I just sent my Bitcoins to a Bitcoin Cash wallet by mistake, did i lost my coins? or will they be converted to Bitcoin Cash coins after August the first ?

Bitcoin Cash doesn't exists yet.

yah, but i used BitcoinABC Wallet and the transaction is successfully made

[bathrobehero]

I just sent my Bitcoins to a Bitcoin Cash wallet by mistake, did i lost my coins? or will they be converted to Bitcoin Cash coins after August the first ?

Bitcoin Cash doesn't exists yet.

yah, but i used BitcoinABC Wallet and the transaction is successfully made

I'm not familiar with them but they seem to heavily supporting BCC.

Either way you should be able to withdraw your coins into a non-custodial wallet such as Electrum where you are in command of your private keys (and therefore actually owning your Bitcoins).

I'm not sure but I'd guess BitcoinABC is a custodial wallet in which case you're trusting them to handle your Bitcoins.

Whatever the case might be you should be able to withdraw your coins or get both BTC and BCC - otherwise you're being scammed.

[CryptoMensch]

BCC for small transactions