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Author Topic: BCH not only survived - the difference to Bitcoin?  (Read 665 times)
maeusi (OP)
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August 19, 2017, 08:01:05 AM
Last edit: August 19, 2017, 12:27:01 PM by maeusi
 #1

Bitcoin was considered by many, including myself, to be honest, as the result of a split that will not survive long. Now the first blocks are made and it seems that many more people are convinced by the technology of Bitcoin Cash. The price shooted up to over 700$ and I regret  having bumped it at a most unfavorable price. Is it just a straw fire or has the BCH actually overcome the weaknesses of bitcoin in technology?
Yudhisthir
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August 19, 2017, 08:12:32 AM
 #2

Bitcoin was considered by many, including myself, to be honest, as the result of a split that will not survive long. Now the first block is made and it seems that many more people are convinced by the technology of Bitcoin Cash. The price shooted up to over 700$ and I regret  having bumped it at a most unfavorable price. Is it just a straw fire or has the BCH actually overcome the weaknesses of bitcoin in technology?

With the largest miner and hardware producer BITMAIN and one of the largest Pool and exchange VIABTC behind them, BCH/BCC sure has a future.

jnow
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August 19, 2017, 08:43:55 AM
 #3

Bitcoin was considered by many, including myself, to be honest, as the result of a split that will not survive long. Now the first block is made and it seems that many more people are convinced by the technology of Bitcoin Cash. The price shooted up to over 700$ and I regret  having bumped it at a most unfavorable price. Is it just a straw fire or has the BCH actually overcome the weaknesses of bitcoin in technology?

With the largest miner and hardware producer BITMAIN and one of the largest Pool and exchange VIABTC behind them, BCH/BCC sure has a future.


Just because the price is currently pumping like crazy, it doesn't mean long term success.

As you well know, what goes up must come down.

TimeHacker
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August 19, 2017, 09:18:03 AM
 #4

Bitcoin was considered by many, including myself, to be honest, as the result of a split that will not survive long. Now the first block is made and it seems that many more people are convinced by the technology of Bitcoin Cash. The price shooted up to over 700$ and I regret  having bumped it at a most unfavorable price. Is it just a straw fire or has the BCH actually overcome the weaknesses of bitcoin in technology?

With the largest miner and hardware producer BITMAIN and one of the largest Pool and exchange VIABTC behind them, BCH/BCC sure has a future.


Just because the price is currently pumping like crazy, it doesn't mean long term success.

As you well know, what goes up must come down.



I also wouldn't say that BCH has a future just because somebody decided to artificially pump the price up. Currently it's still quite useless, with 1-3 mined blocks per hour the transactions are super slow. At this price, many people would sell already, but there's no way to get the coins to exchange faster than in 1/2 day Cheesy

KillyGon
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August 19, 2017, 09:46:04 AM
 #5

all crypto coin need user
so if BCH user, BCH miner is big , bch can survive, same with bitcoin if without BTC user can die
FrueGreads
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August 19, 2017, 09:47:00 AM
 #6

Right now I think this is just being used for trade. Although that is important for a coin, it doesn't mean that it will get a future or that it is popular. If it's mainly used for trade, it means that it's price will keep getting pumped and dumped, and the coin will be very volatile. For BCH to have a future as a coin, it will need the "utility" support, like gambling sites adopting them etc. Services where the community can actually use the coins.

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eckmar
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August 19, 2017, 09:58:45 AM
 #7

Bitcoin was considered by many, including myself, to be honest, as the result of a split that will not survive long. Now the first block is made and it seems that many more people are convinced by the technology of Bitcoin Cash. The price shooted up to over 700$ and I regret  having bumped it at a most unfavorable price. Is it just a straw fire or has the BCH actually overcome the weaknesses of bitcoin in technology?

With the largest miner and hardware producer BITMAIN and one of the largest Pool and exchange VIABTC behind them, BCH/BCC sure has a future.

That is not really true. If you took some time and read Bitmain's blog you would find this:

Quote
Bitmain and ViaBTC only share an investment relationship in which ViaBTC operates independently. The founder of ViaBTC has ten times the voting rights as those of the investors of ViaBTC. Therefore, the position of ViaBTC does not represent Bitmain’s stance.
The New York Agreement is a joint effort of the global Bitcoin community. As one of its signatories, Bitmain has actively supported the smooth implementation of Segwit2x and will continue to run the btc1 software on all our mining pools, namely Antpool, BTC.COM pool and ConnectBTC, in the foreseeable future.
We are closely observing the “BCC” movement and do not rule out the possibility of supporting both Segwit2x and BCC.

If VIABTC supports BCC that does not mean Bitmain is too. As they say, they support Segwit2x and will continue to support original Bitcoin.
jzale
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August 19, 2017, 10:10:04 AM
 #8

BCC has survived 3 weeks already and reach $700 on top of that. I think BCC has a future but we can't be really sure with the outcome. Time can only tell. If your compare it to BTC then it has a very long way to go.
Gambit_fr
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August 19, 2017, 10:22:49 AM
Last edit: August 19, 2017, 12:47:53 PM by Gambit_fr
 #9

The price increased because difficulty is lower than bitcoin, so more miners moved to it.
With the slight drop of bitcoin value, the pair BCH/BTC can only go higher.
Wich also mean that a lot of people are selling it, so the price keeps goign up.
Let's see where it goes in a few days/weeks. Wink

BitcoinHodler
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August 19, 2017, 11:19:43 AM
 #10

... Now the first block is made ....the technology of Bitcoin Cash. ... weaknesses of bitcoin in technology?

are you high or something? what are you even talking about?

the first block was mined ages ago! not today!

"the technology of bitcoin cash"?!!! what the hell is that exactly? it is the same technology as bitcoin, literary the same but with a bigger block. and the size of the block is not a technology!

and your title is the worst of all! "survived"? i have nothing against bitcoin cash but it is not even 3 weeks yet! a lot of people are saying bitcoin will die even after nearly 9 years and here you are calling something that has not even existed for 3 weeks "survived"!!!

Holding Bitcoin More Every Day
CuriousGeorge
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August 19, 2017, 12:19:24 PM
 #11

BCH is just another ponzi scheme, Yuo may read the latest comment from memory dealer aka roger ver. Bitcoin cash just a way to make a lot of money. You just soread the miss interpretation about the bitcoin cash. Like what was happened with ethereum classic and the future will be same.

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chesthing
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August 19, 2017, 12:47:41 PM
 #12

I don't understand why someone would pay $800 for a shitcoin that takes half a day to confirm. The higher the price goes the bigger the farce becomes.
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