Will Bitcoin (BTC) be killed by BCC soon?

[alyssa85]

BCC/BCH is just an agenda by miners. They have incentive to do it for their precious ASICBOOST that is incompatible with segwit. Plus, increasing the blocksize will only make it more centralized. As time goes on, BCC would have a much greater blockchain size, and would limit the number of individual people who could host one. Would you honestly host bitcoin nodes if the blockchain size is 2TB?!?! Only the big companies would have it, making BCC more centralized.

It's nothing to do with the miners, and large blocks do not equal centralisation, they equal scaling.

The problem right now is that bitcoin fees are too high, you can spend as much as $13 just to send a few hundred dollars. That's way more expensive than the VISA network. There needs to be a way to scale with low fees, and BCH is one method. The other is to use an alt like doge or ether.

[TheWolf666]

BCC/BCH is just an agenda by miners. They have incentive to do it for their precious ASICBOOST that is incompatible with segwit. Plus, increasing the blocksize will only make it more centralized. As time goes on, BCC would have a much greater blockchain size, and would limit the number of individual people who could host one. Would you honestly host bitcoin nodes if the blockchain size is 2TB?!?! Only the big companies would have it, making BCC more centralized.

It's nothing to do with the miners, and large blocks do not equal centralisation, they equal scaling.

The problem right now is that bitcoin fees are too high, you can spend as much as $13 just to send a few hundred dollars. That's way more expensive than the VISA network. There needs to be a way to scale with low fees, and BCH is one method. The other is to use an alt like doge or ether.

Bitcoin has never been designed to be a currency. It was designed to be the equivalent of Gold in the virtual worlds. Otherwise there would have not been mining. Fiat do mine nothing, the money is printed from thin air.
You cannot force a square to enter into a tube.

When people will realize that Bitcoin cannot replace the USD, they will turn to something more adapted.

Bitcoin will stay the gold of crypto, but if the difficulty is too high or if the miners are gone somewhere else, Bitcoin will freeze.

[sasaku bitbit]

This would not be likely to occur because of the bitcoin will continue to increase with the movement in market trading, I've heard if bitcoin will be designed as digital currencies but if this happens will also affect planning because in it they will switch to something more appropriate and affordable ...

[alyssa85]

Bitcoin has never been designed to be a currency. It was designed to be the equivalent of Gold in the virtual worlds. Otherwise there would have not been mining. Fiat do mine nothing, the money is printed from thin air.
You cannot force a square to enter into a tube.

When people will realize that Bitcoin cannot replace the USD, they will turn to something more adapted.

Bitcoin will stay the gold of crypto, but if the difficulty is too high or if the miners are gone somewhere else, Bitcoin will freeze.

I think Satoshi conceived it as a payment system/currency, but it has evolved differently.

I truly believe an alt will take bitcoin's place. We're already seeing coin exchangers asking people to use another alt to avoid fees. See

https://steemit.com/blocktrades/@blocktrades/bitcoin-transactions-taking-longer-after-segwit-switchover

They're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin.

[talkbitcoin]

They're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin.

just blurting out stuff without thinking is easy, you can fill the internet with them too. and that is what these links you quote are doing, specially those that are on steemit which they also get paid for putting up bullshit.

think about it a little, how do you use x and y instead of bitcoin?
lets say i want to purchase a game from Valve (steam platform) with bitcoin, how do i use x and y instead of bitcoin? now you see how idiotic people who say use x and y instead of bitcoin sound like ?

[alyssa85]

They're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin.

just blurting out stuff without thinking is easy, you can fill the internet with them too. and that is what these links you quote are doing, specially those that are on steemit which they also get paid for putting up bullshit.

think about it a little, how do you use x and y instead of bitcoin?
lets say i want to purchase a game from Valve (steam platform) with bitcoin, how do i use x and y instead of bitcoin? now you see how idiotic people who say use x and y instead of bitcoin sound like ?

Blocktrades, who posted that article, has a business much like shapeshift - he changes coins from one to another. He is recommending people change their coins to litecoin or ethereum (which can then be exchanged for fiat on most exchanges) because in the real world, bitcoin fees are eating up their money.

Bitcoin's transaction delays are a problem too - you arn't really going to be able to buy dipsquat on Valve, if you are waiting for your transaction to clear for three days, now are you?

[Jessica123]

But indeed, I think that's what may happen here. I think after the next BTC difficulty readjustment (this week), Bitmain may start withdrawing its hash power from BTC to BCH. This will cause long block times and network instability for BTC, and will give the appearance that BCH is being adopted and that miners are reacting to market demand.

[Arkann]

Bitcoin Cash will never match bitcoin. His current relatively high rate in relation to other altcoys is explained primarily by the artificial support of a small part of the miners. Bitcoin has already become a symbol of gold in the crypto currency and will mainly be used as a long-term investment and its rate will constantly grow because of its limited

[CoinOp]

If it does take over it could happen very quickly as everything else does in crypto.  I don't think anyone knows for sure one way or the other, they just offer their opinions.

[sixexgames]

Bitcoin is valuable because it's freaking Bitcoin. When people start to realise that Bitcoin Cash will never be Bitcoin the price should plunge.

[Toltekayotl]

Bitcoin is valuable because it's freaking Bitcoin. When people start to realise that Bitcoin Cash will never be Bitcoin the price should plunge.

I agree. Think BCC scam

[Pasutinmeur]

Bitcoin is valuable because it's freaking Bitcoin. When people start to realise that Bitcoin Cash will never be Bitcoin the price should plunge.

Bitcoin cash is comparable with another altcoin but not for the bitcoin, I think that the possibility of bitcoin cash to be the serious competitor for the ethereum and not for the bitcoin. Because the bitcoin cash just fork coin. But in the future people will realize that the bitcoin cash is not valuable crypto.

[lakimens]

It will never kill BitCoin. Nothing different that BitCoin, transactions are just as slow if not slower. Block size increasment doesn't really matter if transaction time doesn't change. /thread

[Herdirfauzi]

Of your statement is very understandable, since BCC is now rising rapidly in the market, I think BCC will not overwhelm BTC, because I think it's still very impossible if it happens, but for the next 3 years it will be reversed, I do not know that. 

[Herdirfauzi]

Bitcoin is valuable because it's freaking Bitcoin. When people start to realise that Bitcoin Cash will never be Bitcoin the price should plunge.

Bitcoin cash is comparable with another altcoin but not for the bitcoin, I think that the possibility of bitcoin cash to be the serious competitor for the ethereum and not for the bitcoin. Because the bitcoin cash just fork coin. But in the future people will realize that the bitcoin cash is not valuable crypto.

Yes right, BCC is now the same as other altcoins, and can not be equated with bitcoin, because there are many differences between BCC and BTC, no one knows how the future for BCC or BTC, you are free to comment. 

[shyliar]

Think they need to hard fork bitcoin cash to fix this screw up:

https://themerkle.com/bitcoin-cash-mining-difficulty-algorithm-can-be-exploited-by-miners/

Hard to pull off a hardfork though while the high price gives miners the incentive to continue taking advantage of the difficulty adjustment bug.

[GreatOrchid]

No man, i dont think that can happen, it is impossible.
I know there are a lot of things that people dont like about bitcoin, for example, fees are very high at the moment, today i sent a payment and they charged me a lot of fees.
But that is not the point, bitcoin can not be replaced by their forked coin. It is the same that thinking that Ethereum Classic would replace Ethereum.
That makes no sense.

[deadsilent]

That's a possible scenario since miners now are switching to Bitcoin Cash (BCC/BCH). Although the biggest supporter here is bitcoin. They can't do anything about it if all miners goes to Bitcoin cash. Means, no miners will confirm transactions for bitcoin. I can't blame them because Bitcoin cash can give 2% more profit than bitcoin plus the potential pump of it. Bitcoin fees now is very high compare to bitcoin cash and more faster. But i don't think Bitcoin cash will replace Bitcoin in just a short period of time. It will never give up easily because of big whales.

[YYmeans]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

I think btc will still be the no.1 for several years, most of people still support btc , about bcc, miners will leave it after it's unprofitable. Miners care profit only,don't care the coin's name they are mining.

[yonghongtang]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

Time will tell, hundreds of coins claimed they will beat btc like bcc, BTC is still the leader in this area.