Bitcoin Cash is a Parasite

[bathrobehero]

But what's the benefit of BCC then?

Big empty or cheaply spammed blocks?

Cheap transactions benefit everybody, not just the spammers. A lot of gambling sites/micro transactions have become infeasible due to high transaction fees.
I would love to go back to the days of *zero* transaction fees (for high priority transactions, of course).

Yes, but it costs the same to spam 1 MB blocks as it is to spam 8 MB blocks with 1/8th of the fees.

It won't change anything. Dust transaction will get pushed out even if we'd have 1 GB blocks.

We currently have less than a thousand unconfirmed transactions. And we had 120k weeks ago when it was spammed.

Let's say the spammers spent 0.5 BTC per day (random guess) to spam the network, they could spam 1GB blocks for the same cost if fees are proportional to block sizes.


A fee market is unavoidable and that's fine.


But even if there were no fees, you couldn't pay for your coffee with 10 minute block times in case a block is not being found for like 30-40 minutes due to variance. There are hundreds of altcoins for your coffee and dust transactions.

[aoihs00]

It might be a good kind of parasite if you will ask me. With the first notice of BCC when it came to news, there was situations when people started panicking, went to wallets, exchanges and started selling down everything they have got and ultimately big dump started to occur. This was first good thing because when later the news came that BCC won't be having much support and BIP91 is stable then the price started rising and people invested like Crazy. Now that's the period when smart people invested money and got rich too. That was now good parasite for them. It made bitcoin more healthy.

[stomachgrowls]

It might be a good kind of parasite if you will ask me. With the first notice of BCC when it came to news, there was situations when people started panicking, went to wallets, exchanges and started selling down everything they have got and ultimately big dump started to occur. This was first good thing because when later the news came that BCC won't be having much support and BIP91 is stable then the price started rising and people invested like Crazy. Now that's the period when smart people invested money and got rich too. That was now good parasite for them. It made bitcoin more healthy.

Well this thing would really be good for those who have money and wise enough to roll over regarding on earning opportunities. As i can see on BCC there would really be some support on that one no matter how much we do hate it because there are people who do see that this coins might be useful later on which the would really tend to buy or even put their bitcoin on BCC supported wallets just  to earn it freely.

[NJB18]

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

Another thread against BCC. I am kind of following the pulse of people here. There seems to be a lot of people that do not really want BCC to succeed. Perhaps it is because the pulling force of BTC, considered the king and the one and only original coin, is very strong. I just want August 1 to come quick so that we will know the real deal.

[chocolah29]

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

I think the lesser people will support this "free coin" the lesser it will succeed.
Great community support is a big factor here.
But I heard some rich chinese investors funded or supported this coin and that suddens me as we all know chinese are capable of doing anything.
Just hope this coin will soon be consider as shitcoin.

[RedX]

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

I think the lesser people will support this "free coin" the lesser it will succeed.
Great community support is a big factor here.
But I heard some rich chinese investors funded or supported this coin and that suddens me as we all know chinese are capable of doing anything.
Just hope this coin will soon be consider as shitcoin.

Right. Like why would you buy bitcoincash when there is bitcoin? They are trying to fool people to get the real bitcoin when they are selling all the bitcoin cash.

[batang_bitcoin]

And what would be the next drama after this?

The next drama is the upcoming hard fork to 2 mb blocks as agreed by the new york agreement. A significant portion of users disagree with increasing blocksize, and perhaps 15-20% of miners as well. The drama and panic will resume once this becomes actual.

When do you think this is about to happen? This type of drama will never stop, though I was a couple of years in the market already and there's a lot of this issues that will never get old and stop. Is somebody here thinking that there will be another bitcoin alt coin that is about to be launched soon as this BCC will never succeed?

[Getmon]

And what would be the next drama after this?

The next drama is the upcoming hard fork to 2 mb blocks as agreed by the new york agreement. A significant portion of users disagree with increasing blocksize, and perhaps 15-20% of miners as well. The drama and panic will resume once this becomes actual.

When do you think this is about to happen? This type of drama will never stop, though I was a couple of years in the market already and there's a lot of this issues that will never get old and stop. Is somebody here thinking that there will be another bitcoin alt coin that is about to be launched soon as this BCC will never succeed?

Hardfork and coin split is always a possibility here. As much as almost everyone here does not want coins, most especially bitcoin, to split, we cannot control them. Disagreements are always there and so coin split is always there as an option. There is indeed a possibility that when BCC will end up garbage, they will try again next time very soon.

[Herbert2020]

But what's the benefit of BCC then?

Big empty or cheaply spammed blocks?

Cheap transactions benefit everybody, not just the spammers. A lot of gambling sites/micro transactions have become infeasible due to high transaction fees.
I would love to go back to the days of *zero* transaction fees (for high priority transactions, of course).

the thing you need to understand about fees is that miners set the fees! they do it by simply ignoring any transaction that has lower fees than they like and you will be forced to pay higher fees. they have already proven that they will mine empty blocks if they like. you can check out the blocks mined by F2Pool for example. there are low fee transactions in the mempool but they only include the high fee ones and they simply ignore the rest. so you will be forced to pay a higher fee.

and who is to say it wasn't the miners themselves who were spamming the network to increase the fees. they certainly were the only people benefiting from it! the total fee of blocks reached 3-4 bitcoin (nearly $10K bonus)

[Idrisu]

Some exchangers are currently change the name to bch instead of bcc and by doing so, they try to treat bitcoin cash as one of the thousands altcoins! Bitcoin is actually dominating the crytocurrency market and any attempt to destroy it is an attempt to destroy all other coins. We most keep faith with bitcoin or btc.

[batang_bitcoin]

And what would be the next drama after this?

The next drama is the upcoming hard fork to 2 mb blocks as agreed by the new york agreement. A significant portion of users disagree with increasing blocksize, and perhaps 15-20% of miners as well. The drama and panic will resume once this becomes actual.

When do you think this is about to happen? This type of drama will never stop, though I was a couple of years in the market already and there's a lot of this issues that will never get old and stop. Is somebody here thinking that there will be another bitcoin alt coin that is about to be launched soon as this BCC will never succeed?

Hardfork and coin split is always a possibility here. As much as almost everyone here does not want coins, most especially bitcoin, to split, we cannot control them. Disagreements are always there and so coin split is always there as an option. There is indeed a possibility that when BCC will end up garbage, they will try again next time very soon.

It's now going to happen and possibility is now going to be a reality. We do really don't want bitcoin to split as most of us wanted for long term investment to bitcoin and much better if there are no more interruptions by those people behind the attack to bitcoins quiet market. BCC at very young age will be forgotten.

[Tradegroup]

We will see tommorow if Bitcoin cash is a parasite.

[Kanine Awe]

Bitcoin cash seems so weird.  I'm not really sure what it's trying to do.  I feel it has alternate motives. I'm not gonna touch mine for a while and just let it figure itself out I feel.

[sasaku bitbit]

According to the BCC I like parasites because bittrex is also one of the largest market players supported crptocurrencies with BCC so many people trying to sell the BCC because the difference between the same bitcoin while riding, and also many people to buy during the downturn because otherwise we will lose what we have

[panju1]

But what's the benefit of BCC then?

Big empty or cheaply spammed blocks?

Cheap transactions benefit everybody, not just the spammers. A lot of gambling sites/micro transactions have become infeasible due to high transaction fees.
I would love to go back to the days of *zero* transaction fees (for high priority transactions, of course).

Yes, but it costs the same to spam 1 MB blocks as it is to spam 8 MB blocks with 1/8th of the fees.
It won't change anything. Dust transaction will get pushed out even if we'd have 1 GB blocks.

We currently have less than a thousand unconfirmed transactions. And we had 120k weeks ago when it was spammed.
Let's say the spammers spent 0.5 BTC per day (random guess) to spam the network, they could spam 1GB blocks for the same cost if fees are proportional to block sizes.
A fee market is unavoidable and that's fine.

But even if there were no fees, you couldn't pay for your coffee with 10 minute block times in case a block is not being found for like 30-40 minutes due to variance. There are hundreds of altcoins for your coffee and dust transactions.

You could still have a portion of the block reserved for high priority transactions. It is unlikely that spammers will be able to generate multiple transactions with high priority.

[ximply]

So where is you BCC now? In your dreams lol