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Potent (OP)
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August 02, 2017, 12:14:42 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
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eP
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August 02, 2017, 12:16:58 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
the fork has been done so bitcoin cash already created from that fork |
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alani123
Legendary
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Activity: 2576
Merit: 1507
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August 02, 2017, 12:18:07 PM |
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The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
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HughCaires
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Activity: 38
Merit: 0
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August 02, 2017, 12:20:10 PM |
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Kashim
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August 02, 2017, 12:21:11 PM |
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bch is a joke. exchanges bch walltes offline so ppls only can trade it and not deposit outside. as soon as ppl can cash it out it will be dead and just another altcoin
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TheQuin
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August 02, 2017, 12:22:30 PM |
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The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
Within 2 weeks the difficulty will come down and then the network will stabilize. Only after that will we see how successful it is. |
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galactica
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August 02, 2017, 12:25:35 PM |
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Price for BCC is on the up and definitely unexpected. But once more people are able to deposit on the exchanges we'll see if sellers exceed the buyers.
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hardforkcoin
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August 02, 2017, 01:19:38 PM |
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The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
Once the difficulty goes down more miners would go back if there is a profit incentive. Nobody can really say it is failed until a few months from now. There is still a chance it will succeed as an alt coin. If the difficulty drops by 20 times and bcc is worth 1/5th of btc, then miners will to to bcc. They will just switch between coins imo |
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CryptosapienZA
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August 02, 2017, 02:03:32 PM |
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The fork did occur, it was very successful. Bitcoin cash is up and running, it was 35% up on coin market cap the last time I checked. It is no 3 on Coinmarket cap. Welcome to the free market.
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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August 02, 2017, 02:05:24 PM |
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Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
You mean because of the inability to deposit. Nobody who wants to dump their Bitmain Crash coins can send their coins to an exchange in order to do so. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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FrictionlessCoin
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August 02, 2017, 02:08:14 PM |
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The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
Once the difficulty goes down more miners would go back if there is a profit incentive. Nobody can really say it is failed until a few months from now. There is still a chance it will succeed as an alt coin. If the difficulty drops by 20 times and bcc is worth 1/5th of btc, then miners will to to bcc. They will just switch between coins imo How the does the difficulty go down if there aren't miners to create blocks? My prediction is that there will be people going to pay a bounty to have blocks mined. This is so they can get their money into exchanges. It's is kind of like having gold, but its stranded in a country without transportation! |
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bitbunnny
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August 02, 2017, 02:09:55 PM |
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The fork did occur, it was very successful. Bitcoin cash is up and running, it was 35% up on coin market cap the last time I checked. It is no 3 on Coinmarket cap. Welcome to the free market.
What do you mean by saying that it was very successful? And this about Bitcoin cash doesn't mean anything. Maybe it's still "living" but that will not last long and there are no reason at all to support it. Some will manage to make some short term profit on it but after that it has no perspective at all. |
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FrictionlessCoin
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August 02, 2017, 02:11:05 PM |
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Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
You mean because of the inability to deposit. Nobody who wants to dump their Bitmain Crash coins can send their coins to an exchange in order to do so. Not only deposit, but actually move the coin elsewhere. Needs at least two steps (1) move coin into a new BCH address. (2) move coin from BCH address to exchange. At 11 hours a block, that will take quite a while to happen! |
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FrictionlessCoin
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August 02, 2017, 02:12:15 PM |
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The fork did occur, it was very successful. Bitcoin cash is up and running, it was 35% up on coin market cap the last time I checked. It is no 3 on Coinmarket cap. Welcome to the free market.
Is a coin 'up and running' if it can't transfer coins? The last time I checked, the last block was over 11 hours ago. |
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gishab56
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August 02, 2017, 02:38:24 PM |
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The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.
Once the difficulty goes down more miners would go back if there is a profit incentive. Nobody can really say it is failed until a few months from now. There is still a chance it will succeed as an alt coin. If the difficulty drops by 20 times and bcc is worth 1/5th of btc, then miners will to to bcc. They will just switch between coins imo How the does the difficulty go down if there aren't miners to create blocks? My prediction is that there will be people going to pay a bounty to have blocks mined. This is so they can get their money into exchanges. It's is kind of like having gold, but its stranded in a country without transportation! Miners are not everything. Miners wanna take profit. Mining of BCC hasn't any profit at this time. They are waiting for price going up or difficulty going down. If difficulty wouldn't go down the price will go up at short time. |
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Ayers
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August 02, 2017, 02:41:08 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
the fork has been done so bitcoin cash already created from that fork that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key |
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FrictionlessCoin
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August 02, 2017, 02:52:50 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
the fork has been done so bitcoin cash already created from that fork that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key Same chain, just different miners and thus different nodes. I don't know yet how the network differentiates between the different nodes. But if it isn't able to, BTC and BCH nodes get a lot of transactions that are invalid. So not only do BCH miners have to sort through a lot of invalid transactions, they have to do this with not a lot of hash. Not unusual for this to get stuck for a very long time. We shall see. |
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Variogam
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August 02, 2017, 02:58:32 PM |
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that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key
Because it is forked Bitcoin with slightly different consensus rules. SegWit Bitcoin has slightly different consensus rules as well, but at the end it is what most exchanges/companies/people agree what Bitcoin consensus rules are. Thats why Bitcoin Cash is considered altcoin by most, and only minority view it as continuity of Bitcoin. |
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Taki
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August 02, 2017, 03:01:49 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
the fork has been done so bitcoin cash already created from that fork Yes the fork was provided and if you don't get bitcoin cash on your wallet it doesn't mean that everything has failed. |
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Eternu
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August 02, 2017, 03:05:07 PM |
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Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?
Yes the fork has been occurred. On 1st of August, i am not sure in which exact hour it happen, but it happened. New cryptocurrency has been created from that, and you probably already know, name of it is Bitcoin Cash or BCC for short. As far as i know it is not going so good for BCC, but i do not support them so i do not care much. |
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