Aug 1 summary

[anonjdoe]

Unless it's also Bcore or Segwitcoin for legacy Bitcoin, or Eclassic instead of Ethereum Classic, the new fork is called Bitcoin Cash not Bcash. Why are you so afraid of it that you have to denigrate it with a fake name?

It is not Bitcoin. Calling it Bitcoin Cash is misleading at best and only serves to cause more confusion and problems down the road. Example: https://www.reddit.com/r/btc/comments/6rcade/cbs_is_referring_the_new_chain_as_bitcoin_cash/

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

You need to pay attention to who has been doing what, and why. Massive centralization of the network; what could possibly go wrong?

Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation. Moreover, the project never promised decentralization for decentralization's sake, only "A Peer-to-Peer Electronic Cash System" which exhibits a practical amount of decentralization. Bitcoin Cash simply hews back to the original plan, rather than going off on a severe tangent without ever establishing community consensus about new project priorities first. Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding. It simply does not strangle a working system before other proven options are already available.

Lastly, it was always the original plan to remove the temporary block size limit. Bitcoin Cash is simply following through (finally).

[1714212163]

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[1714212163]

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[Lauda]

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?

Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation.

No. Research and common sense.

Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding.

If it is unnecessary, why not make the maximum block size 1 GB?

Lastly, it was always the original plan to remove the temporary block size limit.

Which has no relevance to anything today.
Tl;dr: Bitcoin Cash is a scam.

[anonjdoe]

Be happy to see some reasons.

the fact that they are spamming the BTC mempool is scammy enough for me

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2Fui2fqgT.png&t=579&c=EeJIFO6cDRs8Eg

Sounds like a conspiracy theory unless you can prove any of the transactions did not have a legitimate purpose (or completely lacked miners' fees). It makes far more sense to me to align incentives in the system such that so-called "spam attacks" are costly and ineffective, and thus irrelevant. Simply examine graphs of Bitcoin's transaction growth over it's ~8 year history. It was always bound to run into the 1 MB limit eventually, whether such "spam attacks" actually exist or not.

[Kawasanz]

Looking at my btc in the market is safe, but i get bcc with the same nominal as my btc, really a regret for me because almost 80% i sell btc before 1 agusutus.

[persty]

Is it safe to wait days or week or should one redeem Bitcoin Cash from BTC immediately?

[conspirosphere.tk]

Is it safe to wait days or week or should one redeem Bitcoin Cash from BTC immediately?

I guess so, since you got them for free you can't lose anything except opportunities.

[anonjdoe]

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?

I believe my statements are true, but I suppose truth is in the eye of the beholder. I've reference my sources. Where are yours? I am indeed a supporter of the original intent of Bitcoin, which I believe is currently embodied best by Bitcoin Cash.

Claims that the project will lose network decentralization because of growing block chain demands that will definitely outstrip both technological progress and the increase in project support resulting from greater use, adoption and market cap is just speculation.

No. Research and common sense.

So far I can't agree with your "common sense", but I'm willing to look at this research if you'll link some.

Also, removing the self-imposed and unnecessary 1 MB (or ~1.7 MB in the case of SegWit) transaction limitation does not preclude second-layer scaling nor technological improvements like sharding.

If it is unnecessary, why not make the maximum block size 1 GB?

Actually, since there is an existing 32 MB limitation in the variable type, I would've been fine with removing the limit altogether. When Satoshi originally added the limit, average block sizes were hundreds of (even more than a thousand) times smaller than 1 MB. A limit only 32x larger would certainly have been no problem. Also, there are built-in incentives and limitations that would prevent miners from hurting their own returns by deploying block sizes they cannot economically handle. Trust the market and the original system design if lacking hard proof that it needs to be changed.

Lastly, it was always the original plan to remove the temporary block size limit.

Which has no relevance to anything today.
Tl;dr: Bitcoin Cash is a scam.

Since you repeatedly fail to substantiate any of your claims, I find what you're saying has no relevance to anything today.

[Lauda]

-snip-

I wonder what your main account is.

So far I can't agree with your "common sense", but I'm willing to look at this research if you'll link some.

Use Google search. If you can pretend like you are knowledgeable in the field, then you can pretend to find research papers.

Actually, since there is an existing 32 MB limitation in the variable type, I would've been fine with removing the limit altogether.

Remove it and see what happens to the BCH scam coin.
Sigh these shills; at least be less obvious.

[anonjdoe]

Is it safe to wait days or week or should one redeem Bitcoin Cash from BTC immediately?

As long as you hold your own private keys safely it shouldn't make a difference now that the chain fork is done. I'd just advise waiting for a lot of confirmations before completing a transaction if you're receiving Bitcoin Cash (BCC aka XBC/BCH) from someone you don't trust right now (probably at least 8 - 12 confirmations until Bitcoin Cash difficulty is completely settled; and since block times on Bitcoin Cash are still long, that takes a while).

[jonald_fyookball]

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?
 

Oh shut up and enjoy your increased net worth already. 

[anonjdoe]

Sigh these shills; at least be less obvious.

If I'm saying anything a "shill" would, you haven't demonstrated it at all. But keep calling people names and ignoring what they're saying, the market will decide what works and what doesn't now that Bitcoin Cash exists.

[anonjdoe]

If SegWit is added to the legacy chain, Bitcoin Cash will be far closer to the original "Bitcoin" as laid out in the white paper. It's hardly misleading since the two issue from the same genesis block, share a transaction history, and since Bitcoin Cash changes almost no functional parameters while maintaining the project's original principles.

Neither of your sentences are a representation of the truth. Are you a supporter of this scam project BCH?
 

Oh shut up and enjoy your increased net worth already.  

Hear, hear.

[nirav1911]

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

[jubalix]

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

I would not install electron cash anywhere right now....

[persty]

Is it safe to wait days or week or should one redeem Bitcoin Cash from BTC immediately?

As long as you hold your own private keys safely it shouldn't make a difference now that the chain fork is done. I'd just advise waiting for a lot of confirmations before completing a transaction if you're receiving Bitcoin Cash (BCC aka XBC/BCH) from someone you don't trust right now (probably at least 8 - 12 confirmations until Bitcoin Cash difficulty is completely settled; and since block times on Bitcoin Cash are still long, that takes a while).

That sounds reasonable. I just want to redeem and hold BCCH for a while.

[anonjdoe]

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

Did your instance of Electron Cash start up on the right block chain? Follow this guide to be sure (as of this post the BCC block height is 478609 vs 478918 for BTC):

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/

[jpouza]

Just installed Electron Cash in my notebook, transfered my BTC to a new wallet, send my old btc private key from an empty old btc wallet, BCC funds OK, nice, right server sync OK, then I've made a transaction with enormous amount of fee to my Bittrex BCC online wallet:

Fee   0.00634838 BTC   2.54 USD

Unconfirmed transaction with more than an hour, LOL  , I really don't care about rescuing these coins, it's more a test to see how the BCC/BCH network is going on and I can say it's slow as hell, trash.

BCH little bastard coin will probably die with this puny hashrate power, where are the miners to confirm transactions and secure the network? China only?

Crappy coin indeed.

[anonjdoe]

Just installed Electron Cash in my notebook, transfered my BTC to a new wallet, send my old btc private key from an empty old btc wallet, BCC funds OK, nice, right server sync OK, then I've made a transaction with enormous amount of fee to my Bittrex BCC online wallet:

Fee   0.00634838 BTC   2.54 USD

Unconfirmed transaction with more than an hour, LOL  , I really don't care about rescuing these coins, it's more a test to see how the BCC/BCH network is going on and I can say it's slow as hell, trash.

BCH little bastard coin will probably die with this puny hashrate power, where are the miners to confirm transactions and secure the network? China only?

Crappy coin indeed.

You sound like you've made up your mind already so you definitely should sell as fast as you can. Bitcoin
Cash is only three days old, though, and seems to be doing pretty damned well IMO. It definitely has proven the Core/Blockstream narrative that a hard fork would cause mass disruption or the valuation to tank to be patently false.

[nirav1911]

I have followed these steps:

1)Installed electron cash on a computer that doesn't have your Bitcoin wallet or any information about your Bitcoin.

2) When you get to the option to select new wallet etc. Select you have a existing seed or master seed. This is your list of twelve words that you got when you did a backup of your Mycelium wallet

Type the words in with spaces. Example "one two three four five six seven eight nine ten eleven twelve"

You'll notice that the next box in the lower rightbcorner is greyed out

Click the Options box. Put a check in the BIP138 box

Now the next box is available. Click next and when the wallet connects to the Bitcoin cash server you will see your Bitcoin cash balance.

After following all these steps, my bitcoin cash balance is showing as 0. Is there something wrong I am doing? How I can know, it has connected to MyCelium wallet?

Did your instance of Electron Cash start up on the right block chain? Follow this guide to be sure (as of this post the BCC block height is 478609 vs 478918 for BTC):

https://www.reddit.com/r/btc/comments/6qyn18/electroncash_notice_how_to_select_bitcoincash/

I tried above steps. Nothing works. Block Height is 478610

[incobart]

hi, any help please ..

I moved my btc into electrum wallet before the fork.

today I send my BTC out of it to my exchange,  it arrived.

I made an electroncach wallet on a different computer (malware virusfree)
I choose server bcc   478595
I export the private keys from my elctrum wallet
i choose stand alone wallet,  and import private keys.
a window open to import them, i paste the 3 private keys from the 3 addresses I used in electrum
(at least I think, they where in green if I looked the details of my history transactions)
result 0 bcc
then I import the whole list (addresses and private keys)
result
0bcc
should be 13
What can I do, what did I do wrong pls

Thanks

To help others, I found the solution ..
don't need to use private keys,  make a electroncash wallet  choose your bcc server, standalone wallet AND THEN choose wallet  that have SEED
window open,  fill in your seed ( maybe also your F2A auth)  and  there it was .. my wallet but now with BCC   

 Hi, Back again

9 hours later and my coins listed  are still status 'Not verified"
is this normal ?