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ziyauddinmomin1@gmail.com
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July 31, 2017, 05:15:19 AM
 #1

The Bitcoin community has finally done what for years seemed impossible, pulling together to approve a software upgrade, known as Segwit2x, intended to increase network capacity. That has forestalled the looming threat of a potentially damaging "fork" that could have split the network.

But, unsurprisingly, not all of Bitcoin’s players are happy with the solution. A relatively small faction, spearheaded by former Facebook engineer Amaury Sechet, still believes that Segwit2x doesn’t go far enough in scaling Bitcoin’s capacity. Sechet’s faction says that on August 1st, they’ll launch a fork known as Bitcoin Cash, and take some of Bitcoin's processing power with them.

Bitcoin Cash is planned to have a bigger "block size" than Bitcoin after Segwit2x, ostensibly giving it more capacity to handle transactions with low fees. But it won’t implement the SegWit upgrade that allows more transactions to be handled by secondary systems.
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P4ndoraBox
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July 31, 2017, 05:22:36 AM
 #2

( I'm not an english native speaker, but I'm sure youll understand my point )

Bitcoin goes political.

Whatever decision that will be made... It wont be 100% approved by everyone.

What I hate the most with the Bitcoin Cash, is instead of proposing a decentralised solution, is proposing a solution that would benefit a precise amount of people that would get a benefit out of it. And it is not a decentralised solution that would benefit Bitcoin in general, but mostly people behind that ''solution''.

A large, very large, amount of potential investor are waiting for a solution among that crypto global problem that is argued since a few years, with many reasons.

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What people are expecting in general, is that Bitcoin remain decentralised, and clearly, Bitcoin Cash is not the solution since there are people beneath it and are doing their maximum so their dreams can be true, at the expence of others.

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From my point of view, I really hope that the solution that will be accepted among the debate, is a solution that would benefit Bitcoin in general, and not a precise group of people claiming they have found the solution if we follow them.

August 1st will be a major crossroad, and I really hope that people will follow an agreement that will benefit Bitcoin worldwide usage instead of following people who haves some profits behind a ''solution''.

We will see.

'' Bitcoin is coming ''

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lqkfamily
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July 31, 2017, 05:23:35 AM
 #3

just another alt coin... the market will decide its price... that is all...

[LQK Family]
Golftech
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July 31, 2017, 05:27:55 AM
 #4

just another alt coin... the market will decide its price... that is all...
well you got some point there mate, its still people who will decide if they will follow this or if they will support the chain, the above reply got some points too, they are people who will benefits from this coins and those are the people that will take advantage im not sure what will happen after aug 1 but I'm always believing that bitcoin will still grow whatever issue will rise.

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pooya87
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July 31, 2017, 05:41:26 AM
 #5

Bitcoin Cash is planned to have a bigger "block size" than Bitcoin after Segwit2x, ostensibly giving it more capacity to handle transactions with low fees. But it won’t implement the SegWit upgrade that allows more transactions to be handled by secondary systems.

SegWit does not allow the secondary systems, the secondary systems can already work without the need of SegWit. what it does is it makes them easier and improves them.
for example Lightning Network uses payment channels (https://en.bitcoin.it/wiki/Payment_channels) and Hashed Timelock Contracts (https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts) and both of these are already available in bitcoin

https://achow101.com/2016/04/Segwit-FUD-Clearup

and by the way, bitcoin cash is introducing a lot more problems than it is pretending to solve.

P4ndoraBox
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July 31, 2017, 05:48:15 AM
 #6


and by the way, bitcoin cash is introducing a lot more problems than it is pretending to solve.

You made my post clearly more simple with that veridict statement.

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Jombrangs
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July 31, 2017, 06:26:43 AM
 #7

just another alt coin... the market will decide its price... that is all...

Your right that BCC market can decide what price on that coin


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July 31, 2017, 08:06:06 AM
 #8

Most of the countries as of now approved the use of bitcoin. It is not yet a hundred percent approved to the world. If it will be so, it might bring a huge changes especially in the economy of the country. But I don't think they have to right to give an equivalent account to bcc. Bcc has the one and only right to give value to it.

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