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Author Topic: Bitcoin Cash is the real Bitcoin. SegWit is the AltCoin.  (Read 1925 times)
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July 31, 2017, 09:28:13 PM
 #21

Why do people insist on calling Core's Bitcoin the 'real' bitcoin.

Because Core literally is Satoshi's creation.
Core is not the same team of developers that it was back when satoshi was around.  You have to understand that in a permissions system, any and all implementations and forks can exist.  The debate that's really going on is whether they think BCH is viable as a currency and whether its developers are competent, but some people weirdly delude themselves into acting like only Core could ever be competent, and that seems like a dangerous mentality which you're on the brink of having.
What's the interests for most miners to switch? I don't see any.
You are incorrect.  In the long term, miners will just follow the economy.  If BCH is given a price of 0.25 BTC, then in theory it would end up with 1/4 of BTC's hashrate.

They wouldn't do it exactly, but just like how a lot of GPUs are being bought for altcoins, it's all about the pursuit of profit.
Lots of profit to be made for the unbiased, risk hungry trader.
I agree.  I think that people let their opinions get in the way of their judgement.  Even if you don't like BCH at all, you have to recognise that it could easily have a lot of hype in the future with the right whales.

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July 31, 2017, 09:28:56 PM
 #22

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  

I'm sorry, but nobody trust bitcoin cash here. We all know bitcoin is the genuine one and all other forks will be very manipulative as the time goes by. We don't want to be fooled by capital holders of forked bitcoins...

Bitcoin cash has nothing to do and will be dumped hard after the distribution.


     
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July 31, 2017, 09:33:27 PM
 #23

I currently hold btc on an armory wallet that I've set and left untouched. Sadly, on a different machine, and haven't fully downloaded the bitcoin core blockchain just yet, so I can't move things around.

Will I still be able to claim my equivalent of BCH, even though Armory doesn't support it? What will I need to do to claim my share of BCH if I can't transfer my BTC to a BCH compatible wallet in time for the August 1st split?
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July 31, 2017, 09:42:18 PM
 #24

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  
It is a really interesting analysis and it might be true that BCC is following the foot steps of satoshi's white paper and as long as he is not available bitcoin has to move forward and must have the necessary upgrades to keep bitcoin in par with the increasing number of users and i think it is not that bad to have two competing coins. Wink
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July 31, 2017, 09:56:36 PM
 #25

Even before the Bitcoin Cash is made a reality it's value is plummeting and it's doing so on a daily basis, I guess some people will like to buy Bitcoin Cash just because of its low and hope in anticipation thay it will soar just like bitcoin is in the near future, it may work out and it wouldn't hurt to keep your Bitcoin Cash.



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July 31, 2017, 09:59:18 PM
 #26

Why do people insist on calling Core's Bitcoin the 'real' bitcoin.

Because Core literally is Satoshi's creation (acknowledging there have been some modifications and enhancements over the years).

BCC is in total agreement with Satoshi's Whitepaper. Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC. 

I'm glad you think so, a solution to chain scaling is what we need...I'd prefer it not be called Bitcoin Cash, but solving the problem is paramount.

I think you need to be more clear with your advise. It's not "don't sell your BCC", it's "don't sell". Everyone (with private keys) will get an amount of BCC that equals the amount they have in BTC. For example, let's say someone owns 100 Bitcoin. They will then also own 100 BCC. If they sell 10 bitcoin, they will then have 90 bitcoin and 90 BCC.

The more I read posts today the more it sounds like people think they're getting something for free. They're not...they're just getting the option to convert existing Bitcoin to Bitcoin Cash.

And this is what I don't understand.

I can already convert regular Bitcoin into cash.

I have no reason to believe "Bitcoin Cash" will be worth more than normal Bitcoin so what the heck good does it do for me?


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July 31, 2017, 09:59:48 PM
 #27

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  


@RawDog, well i'm not part of the technical nor the mining group but, from most of the articles  published on the web in regard's to august 1 splitting[ref. #1 , ref.#2 ] segwit seem to have a clear & longlasting solution that will be able to address the blockchain/delay during confirmation .

NOTE : but, it's too earlier to jump to conclution because most of the miner's & technical groups still have lot of time to test the various software after august 1

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July 31, 2017, 10:02:42 PM
 #28

Here is: https://bitcointalk.org/index.php?topic=2044085.0 real Bitcoin

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July 31, 2017, 10:04:49 PM
 #29

I feel Bitcoin cash is dead on arrival as it lacks the true originality of Bitcoin from what I've read and observed so far. I don't know how they are going to convince neutral minded people with the proposal of their new Altcoin. Smh

Bitcoin Cash isn't meant to be "original", it's meant to be an improvement on Bitcoin. And improvement that ensures scaleability of transaction sizes up to 8mb (from the current 1mb). That feature alone is meant to create lower fees and faster transaction times.

What's the interests for most miners to switch? I don't see any.

So I suppose you think miners would prefer higher fees? Slower transaction time means slower mining though. That would interest miners on the fundamental and principled level.

TinFoil Hat Time: Imagine if Craig Wright proved he was Satoshi right after the fork?

If Craig Wright proves he's Satoshi I'd abandon Bitcoin forever. That guy is the Donald Trump of Bitcoin.

I have no reason to believe "Bitcoin Cash" will be worth more than normal Bitcoin so what the heck good does it do for me?

I was wrong, btw...in what you quoted of mine. BCC does you good because if you own the private keys for your BTC you'll get the same amount of coins in BCC, no questions asked. If BCC appreciates in value that value is yours to keep. That's what good it does you.

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July 31, 2017, 10:07:53 PM
 #30

I don't get what would be worth after the 1st, whether BTC or BCC and whether the current exchanges would support BCC as well and how to store the coins safely. Many don't even believe in BCC's value which means it may get dumped on exchanges and 1:1 isn't going to happen. Don't know which coin would remain dominant in August. All trades are put on hold for the next two days.

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July 31, 2017, 10:14:20 PM
 #31

If Craig Wright proves he's Satoshi I'd abandon Bitcoin forever. That guy is the Donald Trump of Bitcoin.
That is to be seen in the coming week,i am really interested to see whether we could see the real satoshi coming back to claim his coins and if Craig Wright could really prove that he is the real person behind it then it would be great,only a crazy genius can build something technical and sophisticated technology like this.
 
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July 31, 2017, 10:42:09 PM
 #32

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  

Nothing is flawless in this world, so a person or system needs to be upgraded to function properly in a dynamic environment. I believe that's what happened to bitcoin. With SegWit activated, bitcoin will be ready to perform better than previous systems. That overhaul was needed because transaction fees was getting higher and confirmation time was becoming longer.

We all know that, in this world only fittest can be survived and thrived. Anything less effective will have to be replaced by a more effective system. Bitcoin's price was crashing due to all the faults in the system. And now you can see the market is riding high with expectation. SO even if bitcoin deviates from the Satoshi's whitepaper. We are going to support bitcoin.

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July 31, 2017, 10:43:42 PM
 #33

Who cares which one is the "real" Bitcoin? I want the best Bitcoin. After years of argument, we shall soon find out which one is best.
Who cares. Yes WHo cares. Only greedy who cares. BTC is BTC. " Correct" BCC isn't BTC. The middle abbrevation is C not T. Everyone know BTC. Ask exchangers to accept BCC if they will in your country to change with fiat. I think their prefer BTC and reject BCC. It means BCC is worthless.

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LTU_btc
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July 31, 2017, 10:53:47 PM
 #34

If you so optimistic about Bitcoin Cash, exchange all your BTC to Bitcoin Cash after fork to show your support to real bitcoin!
Who cares which one is the "real" Bitcoin? I want the best Bitcoin. After years of argument, we shall soon find out which one is best.
Who cares. Yes WHo cares. Only greedy who cares. BTC is BTC. " Correct" BCC isn't BTC. The middle abbrevation is C not T. Everyone know BTC. Ask exchangers to accept BCC if they will in your country to change with fiat. I think their prefer BTC and reject BCC. It means BCC is worthless.
Exactly! BTC will always remain BTC, not BCC or BCH. By miners, business and people support, Bitcoin remain to be Bitcoin and Bitcoin Cash is just an altcoin.

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July 31, 2017, 11:02:09 PM
 #35

BCC is in total agreement with Satoshi's Whitepaper.  SegWit is a wild deviation very far indeed from the whitepaper.  Why do people insist on calling Core's Bitcoin the 'real' bitcoin.  Bitcoin Cash is going to rule because on chain scaling will prove fine while Core Blockstream's altcoin will burn in flames.  Don't sell your BCC.  

I'm sorry, but nobody trust bitcoin cash here. We all know bitcoin is the genuine one and all other forks will be very manipulative as the time goes by. We don't want to be fooled by capital holders of forked bitcoins...

Bitcoin cash has nothing to do and will be dumped hard after the distribution.

So you represent everyone here? Do you not think Core works for capital holders? Also, I am sure you think this BCC is untrusted and manipulative. However, instead of ignoring it (let them try establish a worthy coin) you take their gift of 1:1 coins, and dump them, affecting everyone that believes in BCC. If you don't care, why boicot it (and try to profit from it). It doesn't seem like you don't care. Maybe you want an extra buck and to critics others work.

Core vision for Bitcoin is also unexciting. I don't want Bitcoin be for long haul "transport" supported by side-chains (each of which will be owned by big corp interests). I prefer BCC which -and even if it fails- tries to keep everything on chain, as true bitcoin, and not as "daddy hey trucking" coin that is being proposed for BTC.

Undefined: Adj.
HabBear
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August 01, 2017, 05:06:27 AM
 #36

If Craig Wright proves he's Satoshi I'd abandon Bitcoin forever. That guy is the Donald Trump of Bitcoin.
That is to be seen in the coming week,i am really interested to see whether we could see the real satoshi coming back to claim his coins and if Craig Wright could really prove that he is the real person behind it then it would be great,only a crazy genius can build something technical and sophisticated technology like this.

He's not Satoshi. He probably wasn't even part of the team of people that have been theorized to be "Satoshi". Listen to how he talks about bitcoin and what his comments lack. They lack a definitive explanation for why things were set up the way they were from Satoshi. Craig is against SegWit but is for the block size expansion, yet he can't explain why the block size was restricted to begin with. This is information Satoshi would know.

Aside from that, the guy's speech is so clumsy and uninspiring. He doesn't appear to have the wisdom and grand vision that someone like Satoshi would/should have. I'm digressing.

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August 01, 2017, 07:57:18 AM
 #37

What's the interests for most miners to switch? I don't see any.

So I suppose you think miners would prefer higher fees?
Common sense would dictate that they like whatever brings them the most profit.  Unless BCH starts filling the blocks and people are setting transaction fees, it seems likely that miners would prefer the old chain in the regard.  However, there will still always be miners on the BCH chain depending on the price anyway.
Slower transaction time means slower mining though.
Not really.  It's not like BCH will have as many transactions sent as BTC.
I have no reason to believe "Bitcoin Cash" will be worth more than normal Bitcoin so what the heck good does it do for me?

I was wrong, btw...in what you quoted of mine. BCC does you good because if you own the private keys for your BTC you'll get the same amount of coins in BCC, no questions asked. If BCC appreciates in value that value is yours to keep. That's what good it does you.
You're making the assumption that the money going into BCH is "new" and that none of it just moved from BTC->BCH.  A lot of the "free money" will not be like that at all.
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August 01, 2017, 08:27:17 PM
 #38

I've made some nice money today selling my BCC, we'll see if it was a good decision. If they're giving me some free money, i'd be dumb not to take it. Why sell not hold? Because I don't believe it's an important coin. It doesn't have any features that would motivate people to use it. It's current price can crash into nothing very quickly, so I'm choosing to ride the wave while it lasts and dump it.


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August 01, 2017, 08:36:39 PM
 #39

Bitcoin Cash look like scam. https://www.btcforkmonitor.info/ Not yet can handle transactions.
https://bitcointalk.org/index.php?topic=2044085 THE BITCOIN-CLASSIC OF 2014 is good

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August 01, 2017, 08:52:14 PM
 #40

Bitcoin cash? The name is not suitable as the term 'cash' alludes to privacy. Bitcoin with a separate ticker would of been fine [XBC]. See Bytecoin [BTE] and Bytecoin [BCN] for historical precedent in crypto-numismatics.
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