Bitcoin Cash is a Parasite

[prettybuds]

Bitcoin is Bitcoin.
Bitcoin Cash is a Bitch.
Light up and hold the Bitcoin

[bathrobehero]

I'm just going to quote myself:

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?

[Antivoid]

everything about the btc or bcc is a matter of interest, no one really care about the development of bitcoin

[Za1n]

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

[bathrobehero]

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

Certainly something to consider. Hopefully BCC will be a massive failure setting a precedent not to try and chip away from BTC with other future splits.

[jwkman]

can't wait for all this bitcoin drama to be over with..

[bathrobehero]

can't wait for all this bitcoin drama to be over with..

Same. Then again the next drama is probably only weeks away...

[xuan87]

I agree, this is the reasons why Bitcoin become unstable and lost it values in the past weeks, but many of them believe that Bitcoin cash can be the answer of the Bitcoin problem, but up until now there are a lot of rejection, let's just see whether this coin will survive or just another failure coin like everyone predicted

[Za1n]

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

Certainly something to consider. Hopefully BCC will be a massive failure setting a precedent not to try and chip away from BTC with other future splits.

That will be my hope as well, but I remember reading something awhile back where the BCC people bragged they had millions in reserve to handle the fork, at the time I think it was for BU or something, but anyway there was an indication of a lot of money invested in pushing their version of the fork. So now if they changed tactics and will support BCC for awhile, much like I think special interests supported ETC in its early days by keeping the market price artificially high until it found support, it won't simply die and go away easily as we would like.

I don't kid myself for a minute that most people here are here for the quick money that can be made and they could give a rats behind about the tech or which coin is number 1 as long as they can make a profit. So if the split gives them free coins with some value, then I do not see BCC going away anytime soon. I can see it (BCC) dropping down to $100 or even a bit under, but that is no means a recipe for disaster as it wasn't too long ago that BTC was trading at these levels.

[yugyug]

BCC was the result of many BIPs or the Bitcoin Improvement Proposals, as long as the BITCOIN is still soaring high many parasites would come and they will try to implement some proposals just trying to ruin BITCOIN's market dominance, btc splitting proposals would come and go and this BCC would be the first epic fail of BTC split. The BitCoin Cash would lead into crash.

[bathrobehero]

Yeah, well I think we all know that Bitcoin BTC will remain the leader, but what I worry about is the longer term effect.

This will end up being the same scenario as the ETH and ETC split where in this case BCC is a fraction of BTC's value, possibly around $200-$400 or so depending on how much the future's market price is being manipulated by the powers behind BCC.

So while I am not worried about BCC's effect, which will be temporary and I am sure two chains can co-exist, but does this set a precedent? Up until now most alt-coins have pretty much left BTC itself alone, but now with actual forks off the BTC chain if this were continue, say in 2 years we have dozens of forks that split off, how long can BTC survive that type of indirect attack?

Certainly something to consider. Hopefully BCC will be a massive failure setting a precedent not to try and chip away from BTC with other future splits.

That will be my hope as well, but I remember reading something awhile back where the BCC people bragged they had millions in reserve to handle the fork, at the time I think it was for BU or something, but anyway there was an indication of a lot of money invested in pushing their version of the fork. So now if they changed tactics and will support BCC for awhile, much like I think special interests supported ETC in its early days by keeping the market price artificially high until it found support, it won't simply die and go away easily as we would like.

I don't kid myself for a minute that most people here are here for the quick money that can be made and they could give a rats behind about the tech or which coin is number 1 as long as they can make a profit. So if the split gives them free coins with some value, then I do not see BCC going away anytime soon. I can see it (BCC) dropping down to $100 or even a bit under, but that is no means a recipe for disaster as it wasn't too long ago that BCC was trading at these levels.

But what's the benefit of BCC then?

Big empty or cheaply spammed blocks?

Bitcoin is old tech but it's the boss. Generally no altcoins have 10 minute blocktimes for years for a good reason - it takes too long for confirmations for today's standard. New coins starting with 10 minute block times are at a disadvantage.

XT, BU, BCC... it all seems to me all their supporters are mostly the same group of people I described in my first reply. They hate the status quo and rather watch BTC burn out of either spite or delusion while ignoring both the faults of their proposals and that BTC is doing just fine. There has to be a transaction fee market, there's no way around that. Otherwise gigabytes of blocks could be filled cheaply with simple scripts.

I just really hope all the mindless people supporting these craps (especially the /r/btc circlejerk) will put their money where their mouth is at so I can trade my BCC for some free BTC.

[sweetbet]

can't wait for all this bitcoin drama to be over with..

I totally agree with you there. Just a few days to go.

[Za1n]

can't wait for all this bitcoin drama to be over with..

I totally agree with you there. Just a few days to go.

Unfortunately, I think the drama has just begun.

Even if BCC fizzles away to nothingness (which I doubt as see my comparison above about the similarity of this to the ETH/ETC split) there will be other threats to Bitcoin. Now that someone has challenged BTC by forking the chain directly, I think it will lead to a spat of such attempts for every minor thing going forward.

Also, there is a coordinated effort for this by moneyed interests. See Kraken's announcement about supporting BCC the instant the fork mines its first block on the new chain. We also know slimy Poloniex will be at the trough as well, even thought they posted a we are undecided message, we know they were the first big exchange to introduce ETC trading in the middle of the night with no advanced notice before, so why wouldn't they do so again.

Once two or three big exchanges are supporting it, people will be demanding the other exchanges do as well. So like it or not, once you have a certain critical mass of people supporting it, for whatever reason, it will have staying power.

[aguila]

The drama will be over and BCC will surpass BTC if BTC doesn't fix its delays with transactions

[bathrobehero]

The drama will be over and BCC will surpass BTC if BTC doesn't fix its delays with transactions

You too seem to spam mindless crap without any thought I see.

Why don't you dispute my previous comment about gigabyte blocks instead?

[mostkey]

I agree, this is the reasons why Bitcoin become unstable and lost it values in the past weeks, but many of them believe that Bitcoin cash can be the answer of the Bitcoin problem, but up until now there are a lot of rejection, let's just see whether this coin will survive or just another failure coin like everyone predicted

Bitcoin and other altcoin I think will continue and last long, because we all will slalu use it, because as long as bitcoin and altcoin we still use we will always have a chance in every day because we can transact and use it.

[limmousine]

Stay calm friend, we just enjoy BTC soon going to moon. BCC will not replace BTC. I'm sure of that.
BTC will be more loved, we'll see the end of the story of all this.

[tiger2monkey]

Stay calm friend, we just enjoy BTC soon going to moon. BCC will not replace BTC. I'm sure of that.
BTC will be more loved, we'll see the end of the story of all this.

Agreed. BTC will be stronger.

[Seansky]

can't wait for all this bitcoin drama to be over with..

Same. Then again the next drama is probably only weeks away...

There will always be bitcoin drama, because many likes FUD to earn money. First the Bitcoin Unlimited FUD because of split and now this? Like you too I hope that this drama will be concluded after august 1. I expect another drama to appear soon and many more FUDers will appear saying bitcoin is dead, and many more. Hold your coins tight and dont be a victim of those kinds of people.

[Lucky_U]

can't wait for all this bitcoin drama to be over with..

this drama is very profitable to major miner companies, and, I think, created artificially for personal gain. After the 1st August drama will be November drama.