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Author Topic: Bitcoin Vs Bitcoin Cash  (Read 17158 times)
gribble
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August 26, 2017, 12:54:17 PM
 #361

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?
Bitcoins cash BCH is just another altcoins in my opinions, the value of bitcoins cash BCH will not be same as bitcoins BTC
but doesn't mean bitcoins cash BCH is not good to be traded, bitcoins cash BCH is like ethereum has big capitalization of market
and it has big fluctuating of price, i could made profit from trading bitcoins cash BCH.
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August 26, 2017, 01:43:28 PM
 #362

I am amazed that bitcoin cash had reach almost $700 it is not a month old yet but it does not mean that it could beat bitcoin. Bitcoin cash still has a potential to reach above $1000 before the month ends. If bitcoin cash was not made because of fork then it will be lower than ethereum. Just my opinion, no hate guys.

So what does it change?

Some people are fervently claiming that Bitcoin Cash is no more than an altcoin, one among many others. If it were so, why its price, as you yourself say, is higher than Ethereum? The only viable and plausible explanation is that folks do see Bitcoin Cash as another Bitcoin (sort of) rather than yet another altcoin. And if we are to remain honest, this is what it is (another Bitcoin) even if simply because miners that are mining BCash are the same miners that are mining the regular Bitcoin, and the total hash power is divided between these two Bitcoins

I think that basically the price of Bitcoin Cash is what it is because everybody who had bitcoin got the same amount Bitcoin Cash after the fork.
We have seen in the Ether fork that this situation can be used to make money, and many people used their experience from that time.
But to me Bitcoin Cash has some real value: It can empty mempools.
That is where bitcoin has its biggest disadvantage, the long transaction times, the high fees because of a full mempool.
Although most blocks of Bitcoin Cash are nearly empty, Bitcoin Cash has proven to be able to handle a massive upcoming of transactions with one single block.
And this capability we need in bitcoin as well.

Which mempool do you refer to?

If you mean the mempool of the original Bitcoin, then I can't really see how Bitcoin Cash can help empty it. For that to happen, folks should massively start using BCash, but that would most certainly mean abandoning the regular Bitcoin. I guess you can't have it both ways at the same time. If anything, it seems rather a strange approach to helping Bitcoin by effectively destroying it. But maybe you meant something else and I'm missing your point
I ment the mempool of Bitcoin Cash. There was a large number of transactions on August 16th made with BCH. Over 120 thousand. All processed within five blocks.
My intention was not to say that BCH can help BTC.
I wanted to point out that BTC has a problem with the mempool. BCH has a mempool too and managed to get 25MB out of it within five blocks.
For the every day use, I think an empty mempool is better than a full one.
So if BCH as a fork can achieve that, why not the original?

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August 26, 2017, 04:00:45 PM
 #363

I am amazed that bitcoin cash had reach almost $700 it is not a month old yet but it does not mean that it could beat bitcoin. Bitcoin cash still has a potential to reach above $1000 before the month ends. If bitcoin cash was not made because of fork then it will be lower than ethereum. Just my opinion, no hate guys.

So what does it change?

Some people are fervently claiming that Bitcoin Cash is no more than an altcoin, one among many others. If it were so, why its price, as you yourself say, is higher than Ethereum? The only viable and plausible explanation is that folks do see Bitcoin Cash as another Bitcoin (sort of) rather than yet another altcoin. And if we are to remain honest, this is what it is (another Bitcoin) even if simply because miners that are mining BCash are the same miners that are mining the regular Bitcoin, and the total hash power is divided between these two Bitcoins

I think that basically the price of Bitcoin Cash is what it is because everybody who had bitcoin got the same amount Bitcoin Cash after the fork.
We have seen in the Ether fork that this situation can be used to make money, and many people used their experience from that time.
But to me Bitcoin Cash has some real value: It can empty mempools.
That is where bitcoin has its biggest disadvantage, the long transaction times, the high fees because of a full mempool.
Although most blocks of Bitcoin Cash are nearly empty, Bitcoin Cash has proven to be able to handle a massive upcoming of transactions with one single block.
And this capability we need in bitcoin as well.

Which mempool do you refer to?

If you mean the mempool of the original Bitcoin, then I can't really see how Bitcoin Cash can help empty it. For that to happen, folks should massively start using BCash, but that would most certainly mean abandoning the regular Bitcoin. I guess you can't have it both ways at the same time. If anything, it seems rather a strange approach to helping Bitcoin by effectively destroying it. But maybe you meant something else and I'm missing your point
I ment the mempool of Bitcoin Cash. There was a large number of transactions on August 16th made with BCH. Over 120 thousand. All processed within five blocks

But this is not a big deal, anyway

The regular Bitcoin processes as many as 250 thousand transactions daily, so 120 thousand transactions would be processed by the regular Bitcoin network as easily. Yes, Bitcoin's mempool may be a problem when the network is flooded with spam transactions, but is the mempool of Bitcoin Cash somehow invulnerable to this plague? Right now, there is even no need to spam the network, taking away the hashpower has the same effect with fewer blocks found. And it is equally applicable to both Bitcoin and Bitcoin Cash (if we assume the same number of transactions are going into each network, of course)

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August 26, 2017, 04:09:33 PM
 #364

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?

I think the bitcoin cash can't surpass the bitcoin. The bitcoin is now more powerful than before and the price of the bitcoin is continuing to rising up. I think that there is no altcoin that can surpass the bitcoin.
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August 26, 2017, 04:18:44 PM
 #365

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?
Bitcoins cash BCH is just another altcoins in my opinions, the value of bitcoins cash BCH will not be same as bitcoins BTC
but doesn't mean bitcoins cash BCH is not good to be traded, bitcoins cash BCH is like ethereum has big capitalization of market
and it has big fluctuating of price, i could made profit from trading bitcoins cash BCH.
- Big capitalization is indeed something of course, bitcoin cash is coin created by miners and you also know the number of miners is very large and they are very wealthy, therefore, their coin will also have high value. It is an altcoin but it copies bitcoin, that makes it famous and become a competitor with Bitcoin, I believe the appearance of it will help Bitcoin more complete and more developed


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August 26, 2017, 06:25:29 PM
 #366

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?
Bitcoins cash BCH is just another altcoins in my opinions, the value of bitcoins cash BCH will not be same as bitcoins BTC
but doesn't mean bitcoins cash BCH is not good to be traded, bitcoins cash BCH is like ethereum has big capitalization of market
and it has big fluctuating of price, i could made profit from trading bitcoins cash BCH.
well it could be like so but I think it is not making any sense to compare them both because everyone would prefer to invest their money in the coin that will give them profit and on the other hand the support of the exchangers can also have good impact on the development of the bitcoin cash and it is very important for the future and the value of the bitcoin cash because without this it is impossible for bitcoin cash to survive for long time.

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August 26, 2017, 06:33:45 PM
 #367

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?

it is just another alt for me, bitcoin cash will be never be like bitcoin, bitcoin is the most balance and highest value in the cryptocurrency, and we all know that it has a very big potential while bitcoin cash dumped and pumped time by time.
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August 26, 2017, 08:31:03 PM
 #368

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 is another alt and one that is not very good, no one trusts that coin for the simple reason that the users of bitcoin were not asking for a hard fork all of that was the miners idea that is why you do not see many users of that altcoin.
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August 26, 2017, 08:43:27 PM
 #369

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 is another alt and one that is not very good, no one trusts that coin for the simple reason that the users of bitcoin were not asking for a hard fork all of that was the miners idea that is why you do not see many users of that altcoin.

I read a lot of information about this coin and I concluded that it is not just an alternative coin. This is the same bitcoin, only processed by other nodes. If so, then this coin has a great future

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August 27, 2017, 06:02:05 AM
 #370

I am amazed that bitcoin cash had reach almost $700 it is not a month old yet but it does not mean that it could beat bitcoin. Bitcoin cash still has a potential to reach above $1000 before the month ends. If bitcoin cash was not made because of fork then it will be lower than ethereum. Just my opinion, no hate guys.

So what does it change?

Some people are fervently claiming that Bitcoin Cash is no more than an altcoin, one among many others. If it were so, why its price, as you yourself say, is higher than Ethereum? The only viable and plausible explanation is that folks do see Bitcoin Cash as another Bitcoin (sort of) rather than yet another altcoin. And if we are to remain honest, this is what it is (another Bitcoin) even if simply because miners that are mining BCash are the same miners that are mining the regular Bitcoin, and the total hash power is divided between these two Bitcoins

I think that basically the price of Bitcoin Cash is what it is because everybody who had bitcoin got the same amount Bitcoin Cash after the fork.
We have seen in the Ether fork that this situation can be used to make money, and many people used their experience from that time.
But to me Bitcoin Cash has some real value: It can empty mempools.
That is where bitcoin has its biggest disadvantage, the long transaction times, the high fees because of a full mempool.
Although most blocks of Bitcoin Cash are nearly empty, Bitcoin Cash has proven to be able to handle a massive upcoming of transactions with one single block.
And this capability we need in bitcoin as well.

Which mempool do you refer to?

If you mean the mempool of the original Bitcoin, then I can't really see how Bitcoin Cash can help empty it. For that to happen, folks should massively start using BCash, but that would most certainly mean abandoning the regular Bitcoin. I guess you can't have it both ways at the same time. If anything, it seems rather a strange approach to helping Bitcoin by effectively destroying it. But maybe you meant something else and I'm missing your point
I ment the mempool of Bitcoin Cash. There was a large number of transactions on August 16th made with BCH. Over 120 thousand. All processed within five blocks

But this is not a big deal, anyway

The regular Bitcoin processes as many as 250 thousand transactions daily, so 120 thousand transactions would be processed by the regular Bitcoin network as easily. Yes, Bitcoin's mempool may be a problem when the network is flooded with spam transactions, but is the mempool of Bitcoin Cash somehow invulnerable to this plague? Right now, there is even no need to spam the network, taking away the hashpower has the same effect with fewer blocks found. And it is equally applicable to both Bitcoin and Bitcoin Cash (if we assume the same number of transactions are going into each network, of course)

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

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August 27, 2017, 06:05:01 AM
 #371

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...
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August 27, 2017, 07:08:31 AM
 #372

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...

I don't think that the BCH blocks are slower to find. I am checking the Bitcoin Cash Blockchain (in blockchair.com), and I could see new blocks being mined every 5 minuets or so. On on the other hand, Blockchain.info is showing new Bitcoin blocks only once every 20 or 25 minutes.

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August 27, 2017, 11:12:32 AM
 #373

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 is another alt and one that is not very good, no one trusts that coin for the simple reason that the users of bitcoin were not asking for a hard fork all of that was the miners idea that is why you do not see many users of that altcoin.

I read a lot of information about this coin and I concluded that it is not just an alternative coin. This is the same bitcoin, only processed by other nodes. If so, then this coin has a great future

But bcash will only be regarded as altcoin,, now only serves as a medium of exchange and there is no potential, I see this coin will sink at the end of the year because in the end traders choose back on bitcoin or ethereum as ruler, now bcash keep moving because still dominated fish Whales so can quickly jack up prices.

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Vishnu.Reang
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August 27, 2017, 11:18:00 AM
 #374

But bcash will only be regarded as altcoin,, now only serves as a medium of exchange and there is no potential, I see this coin will sink at the end of the year because in the end traders choose back on bitcoin or ethereum as ruler, now bcash keep moving because still dominated fish Whales so can quickly jack up prices.

Too early to predict the demise of Bitcoin Cash. And I am also not sure about whether we can call the currency as an altcoin or not. They didn't split the original Bitcoin Blockchain, but they cloned it. Until August 1, all the transactions and the wallets are the same.
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August 27, 2017, 02:25:13 PM
 #375

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...

I don't think that the BCH blocks are slower to find. I am checking the Bitcoin Cash Blockchain (in blockchair.com), and I could see new blocks being mined every 5 minuets or so. On on the other hand, Blockchain.info is showing new Bitcoin blocks only once every 20 or 25 minutes.

Welcome to the new brave world, bro

Full of alternative bitcoins, which are there to give miners the power over the mining difficulty. If you see a lot of new blocks found on a Bitcoin blockchain (yeah, there can be more than one Bitcoin blockchain already), you should know that plenty of hashing power has been poured into mining this Bitcoin (since its difficulty went down recently), while another Bitcoin (or other Bitcoins) will be starving with no blocks found and their mempools swelling with unconfirmed transactions

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August 27, 2017, 06:13:59 PM
 #376

But bcash will only be regarded as altcoin,, now only serves as a medium of exchange and there is no potential, I see this coin will sink at the end of the year because in the end traders choose back on bitcoin or ethereum as ruler, now bcash keep moving because still dominated fish Whales so can quickly jack up prices.

Too early to predict the demise of Bitcoin Cash. And I am also not sure about whether we can call the currency as an altcoin or not. They didn't split the original Bitcoin Blockchain, but they cloned it. Until August 1, all the transactions and the wallets are the same.
bitcoin was launched in 2009 by satoshi and the original blockchain and the bitcoin cash could be having only satoshi who invented bitcoin for the need of the online payment service. The transaction fees are the issue of the every second person. If we look at the price and the demand of the bitcoin then we will be able to see the difference and the qualities of the bitcoin so I think the price and the profit can easily hide the problem of the transaction fees.

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August 27, 2017, 06:35:25 PM
 #377

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...

I don't think that the BCH blocks are slower to find. I am checking the Bitcoin Cash Blockchain (in blockchair.com), and I could see new blocks being mined every 5 minuets or so. On on the other hand, Blockchain.info is showing new Bitcoin blocks only once every 20 or 25 minutes.

Welcome to the new brave world, bro

Full of alternative bitcoins, which are there to give miners the power over the mining difficulty. If you see a lot of new blocks found on a Bitcoin blockchain (yeah, there can be more than one Bitcoin blockchain already), you should know that plenty of hashing power has been poured into mining this Bitcoin (since its difficulty went down recently), while another Bitcoin (or other Bitcoins) will be starving with no blocks found and their mempools swelling with unconfirmed transactions

How can this be a stable process? For example miners will flock to one Blockchain, when the difficulty goes down. But as a lot of miners start mining it, the difficulty will increase once more. So what are they going to do? Dump the new Blockchain and go after another Blockchain?

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August 27, 2017, 06:37:52 PM
 #378

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...

I don't think that the BCH blocks are slower to find. I am checking the Bitcoin Cash Blockchain (in blockchair.com), and I could see new blocks being mined every 5 minuets or so. On on the other hand, Blockchain.info is showing new Bitcoin blocks only once every 20 or 25 minutes.

Welcome to the new brave world, bro

Full of alternative bitcoins, which are there to give miners the power over the mining difficulty. If you see a lot of new blocks found on a Bitcoin blockchain (yeah, there can be more than one Bitcoin blockchain already), you should know that plenty of hashing power has been poured into mining this Bitcoin (since its difficulty went down recently), while another Bitcoin (or other Bitcoins) will be starving with no blocks found and their mempools swelling with unconfirmed transactions

How can this be a stable process? For example miners will flock to one Blockchain, when the difficulty goes down. But as a lot of miners start mining it, the difficulty will increase once more. So what are they going to do? Dump the new Blockchain and go after another Blockchain?

Yes, this is how it happens in real life

You may want to see this post of mine to judge for yourself. We have already witnessed a few iterations, and it seems like the process is quite stable so far. You can see that the BCash hashrate dropped close to zero just like it did only two days ago. As they say, wash, rinse, repeat, and then reap profits! I'm utterly curious myself how long this system is going to live until it gets exhausted somehow and runs out of (hash) power one day (if ever)

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August 27, 2017, 06:44:52 PM
 #379

The blocks in BTC are full, filled with about 2000 transactions each block.
The one full block on the BTH chain had 37K transactions. That means the BTH blocks can store in a little more than an hour what BTC blocks needs nearly a day for.
Whether the BCH pool is invulnerable or not, only time will show. But it clearly has a better chances to do so.
Taking away hashpower is another cause that leads to the same problem, but I think it needs to be dealt with separately.

That would be a simplistic comparison. The blocks in BCH are around 8 MB, where as with the implementation of Segwit, the blocksize is around 2 MB in BTC. So it means that 4x of transactions can be stored in BCH. But the blocks are much slower to find there...

I don't think that the BCH blocks are slower to find. I am checking the Bitcoin Cash Blockchain (in blockchair.com), and I could see new blocks being mined every 5 minuets or so. On on the other hand, Blockchain.info is showing new Bitcoin blocks only once every 20 or 25 minutes.
That’s good for the survival of bitcoin cash. I guess miners are very much interested into this coin and if they keep supporting it, this coin will pump high but currently, it is at very bad price. As far as bitcoin cash and bitcoin comparison is concerned, I don’t think so this kiddo coin can ever be able to stand next to bitcoins.
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August 27, 2017, 07:29:36 PM
 #380

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 is another alt and one that is not very good, no one trusts that coin for the simple reason that the users of bitcoin were not asking for a hard fork all of that was the miners idea that is why you do not see many users of that altcoin.

I read a lot of information about this coin and I concluded that it is not just an alternative coin. This is the same bitcoin, only processed by other nodes. If so, then this coin has a great future
Do you think a clone from Bitcoin will have good future? No, I do not think that and if that future become true like your said, I will doubt the future of Bitcoin and cryptocurrency, very easy for create an altcoin with high value, just fork and we will receive "free money".
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