Bitcoin Vs Bitcoin Cash

[Alpha0One1]

For me, this split was not so necessary. Bitcoin cash is not so interesting as bitcoin. Don't even look like it goes further.

Isn't Bitcoin Cash the "original bitcoin" created by Satoshi

AND

Bitcoin is the modified Bitcoin since it now contains Segwit?

Can someone who is an old btc member clarify this for me please? Thank you.

[deisik]

For me, this split was not so necessary. Bitcoin cash is not so interesting as bitcoin. Don't even look like it goes further.

Isn't Bitcoin Cash the "original bitcoin" created by Satoshi

AND

Bitcoin is the modified Bitcoin since it now contains Segwit?

Can someone who is an old btc member clarify this for me please? Thank you.

I guess neither can be called the "original Bitcoin"

For example, the Bitcoin that Satoshi created had first had 32 megabyte block size (if I'm not mistaken) which was later changed to 1 megabyte by Satoshi himself. After he had left, there were a few other major changes to Bitcoin (even without SegWit), so what we see today as Bitcoin Core is like Microsoft Windows 7 vs Windows 95. The same basically pertains to Bitcoin Cash even though it lacks SegWit. It could be argued that the latter is somewhat closer to the original Bitcoin, but neither is it by any means

[mindrust]

For me, this split was not so necessary. Bitcoin cash is not so interesting as bitcoin. Don't even look like it goes further.

Isn't Bitcoin Cash the "original bitcoin" created by Satoshi

AND

Bitcoin is the modified Bitcoin since it now contains Segwit?

Can someone who is an old btc member clarify this for me please? Thank you.

Nope.

Segwit is just an upgrade and a scaling solution without making the network centralized

Bcash's 8mb blocksize will get rid of most of the average node runners and only miners will be running nodes in the future. That means only those who mine bitcoins will be able to verify transactions but not you and me. How is that sounding you as the "original bitcoin" ?

if bcash was the original bitcoin, we wouldn't call  it bcash  instead of bitcoin, don't we?

If you think bcash is the original bitcoin, you are free to call it "bitcoin". Some people already do that.

I can even call litecoin as the true bitcoin and find many followers.

[XinXan]

Bitcoin Cash pros: A big argument for Bitcoin Cash is that because it allows for much larger blocks than Bitcoin Core, this will allow greater throughput (~24tx/sec max) & less backlog as well as lower fees. This lets Bitcoin Cash scale more and their argument would be it is more useful for peer to peer, for commerce and just everything. Additionally it does not include Segregated Witness (SegWit) (which some view as a positive since some see SegWit as less secure or having legal issues).

Bitcoin Cash cons: Against Bitcoin Cash we have arguments like it is more centralized due to small less well known development team and due to fewer people running Bitcoin Cash full nodes and higher cost to run a full node. It does not (yet) solve transaction malleability (SegWit) and so existing Lightning Network (LN) implementations won't be run on top of Bitcoin Cash at this time.

Bitcoin Core pros: Established large development team, robust network of nodes (less centralized), transaction malleability fix (SegWit) allows current Lighting Network to run on top of it. SegWit allows for double the existing transaction throughput of the current Bitcoin Core limit of ~3tx/sec to ~6tx/sec max once enough people are using SegWit style transactions.

Bitcoin Core cons: Even with SegWit transaction throughput is limited. Centralized control of development from Blockstream and very small group of prominent devs that effectively have control over changes. Some toxic developers. SegWit some believe is less secure or can lead to problems (this is of course highly disputed). Reliance on unproven solutions like LN to increase throughput/scale beyond block size limits.
(Note also that the Bitcoin Core chain may undergo a further hard fork later this year when SegWit2x forks off that chain. But no time here to describe those implications.)

A fair assessment.

But let's add to Bitcoin Cash Pros:
* 1162x lower fees than Kore BTC at the time of writing (source https://cashvscore.com/).
* Rapid adoption by exchanges and businesses
* resurrection of all old BTC use cases that were killed by high fees and long confirmation times (Satoshi Dice, reddit tipping, micropayments, are back etc.)

Also I think you're leaning too hard on transaction malleability. It was used by Mt Gox as an excuse for the stolen coins there, really they were just stolen. I haven't seen a report of malleability resulting in theft or losses. Nobody accepts zero-conf payments.

I know this forum is not a particularly favorable environment for BCH. But let's please just try to be honest and objective.

Ok, that's true for now, the fees are lower but are they going to be lower forever? Obviously exchanges adopted bitcoin cash but that's not a pro compared to bitcoin itself. It's true that there is a fight between bitcoin and bitcoin cash and both sides will support their coin no matter what.

[novhitadaloma]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Could gold be beating bitcoin? I think this will not happen because bitcoin to this day is still very high price

[holdingkrypto]

I do not think Bitcoin cash could overcome bitcoin in any scenario. It is doomed to be an altcoin.

[ProzCoin]

For me, this split was not so necessary. Bitcoin cash is not so interesting as bitcoin. Don't even look like it goes further.

There are still many people supporting bitcoin cash due to many reasons. In some aspects, bitcoin cash does prove that it is better than bitcoin. Such as the speed of transaction, bitcoin cash can perform a 8mb block and it will make the transaction speed faster than usual

[BarbieCasino]

I'm surprised BCash still has a multi-billion dollar market cap, it's quite high for a cryptocurrency with almost no usage and very few developers.

It is the right time to take the bitcoin and to make the currency and the cash vanish. The price of the bitcoin is very high and now people are investing in bitcoin. The future of the bitcoin is very bright it is the mother of the other coins now. It will take very small time and the value of the bitcoin will be very high as compare to the other currencies.

[Forhadm]

I don't think there was a huge backup behind bitcoin cash and I am sure that some bitcoin cash in permanent to this account of bitcoin. even there is a large number of exchange which are not supporting bitcoin cash and they advised there clients to withdraw there bitcoin cash. so in my personally I will do support at bitcoin cash.

[donotlean]

Bitcoin is more succesful than i thought.it s still awake but this didnt expect bitcoins value its so interesting.on the long-term we can see what will happen

[X7]

I think Bitcoin cash will have a place - as will Bitcoin, I always saw Bitcoin as a store of value.

[senne]

I think Bitcoin is better than Bitcoin cash and Bitcoin  cash can be termed as just another alt coin. Moreover the value of Bitcoin Cash is decreasing day by day where as Bitcoin graph is going up. So, investing in Bitcoin cash can't be termed as profitable on the long-term. Moreover Bitcoin cash also faces many challenges like Block size, lack of developer team and so on. So if, BCH wants to cross BTC it would take a lot of time to do that.

[ramyon]

if already applied in the form of bitcoin cash I prefer cash because it is safer yes and even then according to the word

[Patsakkyy]

In November there will be another Bitcoin Gold. But he has no chance. We have already seen that users are not interested in improved technical characteristics of the coin. Users like bitcoin original

[megynacuna]

In November there will be another Bitcoin Gold. But he has no chance. We have already seen that users are not interested in improved technical characteristics of the coin. Users like bitcoin original

Exactly we are with the core devs any day and support the originality of our beloved bitcoin and not a hard forked coin. The comparisms are irrelevant at the moment until after November though.

[Kidmat]

In November there will be another Bitcoin Gold. But he has no chance. We have already seen that users are not interested in improved technical characteristics of the coin. Users like bitcoin original

Exactly we are with the core devs any day and support the originality of our beloved bitcoin and not a hard forked coin. The comparisms are irrelevant at the moment until after November though.

Yes there will be another bitcoin gold. So we have already proven that bitcoin is still the original and stronger amongst other altcoin. As we could see bitcoin is still the best other than altcoins because of its users itself who support btc.

[Milo_Kidd]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash or bitcoin converted into cash? There's a big difference of its true value and its converted value. Here in our place its a big difference. Bitcoin price is expensive thats why people here make it as there sideline job. But only few people who knows it.

[sariz12]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC will just remain an altcoin its not going to match the value of BTC there's a big difference of its true value and its converted value bitcoin Cash is decreasing day by day where as Bitcoin graph is going up and down. But they are same not stable

[Konthol Ngaceng]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC will just remain an altcoin its not going to match the value of BTC there's a big difference of its true value and its converted value bitcoin Cash is decreasing day by day where as Bitcoin graph is going up and down. But they are same not stable

Yes it seems right, I think bitcoin cash is the same as bitcoin, that is, it can use the same wallet, but it does not and now it seems that bitcoin cash is the same as altcoin.

[classicsucks]

Bitcoin Cash pros: A big argument for Bitcoin Cash is that because it allows for much larger blocks than Bitcoin Core, this will allow greater throughput (~24tx/sec max) & less backlog as well as lower fees. This lets Bitcoin Cash scale more and their argument would be it is more useful for peer to peer, for commerce and just everything. Additionally it does not include Segregated Witness (SegWit) (which some view as a positive since some see SegWit as less secure or having legal issues).

Bitcoin Cash cons: Against Bitcoin Cash we have arguments like it is more centralized due to small less well known development team and due to fewer people running Bitcoin Cash full nodes and higher cost to run a full node. It does not (yet) solve transaction malleability (SegWit) and so existing Lightning Network (LN) implementations won't be run on top of Bitcoin Cash at this time.

Bitcoin Core pros: Established large development team, robust network of nodes (less centralized), transaction malleability fix (SegWit) allows current Lighting Network to run on top of it. SegWit allows for double the existing transaction throughput of the current Bitcoin Core limit of ~3tx/sec to ~6tx/sec max once enough people are using SegWit style transactions.

Bitcoin Core cons: Even with SegWit transaction throughput is limited. Centralized control of development from Blockstream and very small group of prominent devs that effectively have control over changes. Some toxic developers. SegWit some believe is less secure or can lead to problems (this is of course highly disputed). Reliance on unproven solutions like LN to increase throughput/scale beyond block size limits.
(Note also that the Bitcoin Core chain may undergo a further hard fork later this year when SegWit2x forks off that chain. But no time here to describe those implications.)

A fair assessment.

But let's add to Bitcoin Cash Pros:
* 1162x lower fees than Kore BTC at the time of writing (source https://cashvscore.com/).
* Rapid adoption by exchanges and businesses
* resurrection of all old BTC use cases that were killed by high fees and long confirmation times (Satoshi Dice, reddit tipping, micropayments, are back etc.)

Also I think you're leaning too hard on transaction malleability. It was used by Mt Gox as an excuse for the stolen coins there, really they were just stolen. I haven't seen a report of malleability resulting in theft or losses. Nobody accepts zero-conf payments.

I know this forum is not a particularly favorable environment for BCH. But let's please just try to be honest and objective.

Ok, that's true for now, the fees are lower but are they going to be lower forever? Obviously exchanges adopted bitcoin cash but that's not a pro compared to bitcoin itself. It's true that there is a fight between bitcoin and bitcoin cash and both sides will support their coin no matter what.

Fees could always rise based on demand. All things being equal, I would expect that the Bitcoin Cash fees would be a minimum of 8x cheaper than Bitcoin due to the 8x larger block space. Since BTC's fees rose astronomically due to the artificial blocksize limit, I suspect that BCH fees will remain 200-500x cheaper than BTC for the next year or so.