Will Bitcoin (BTC) be killed by BCC soon?

[TheWolf666]

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?

 

[1714806152]

1714806152

[cjmoles]

I don't know, but the minimum transaction fee using my bitcoin Xapo wallet is 6 dollars!  <----That sucks so I've been doing very few small transactions....bitcoin is more expensive to use than VISA and that can't be a good thing.  I think things are precarious, right at the moment, to say the least!

[efx]

I think that BTC will not get killed by BCC. Because nobody know about this in the real life. Bitcoin is more popular and the ppl even dont trust BTC. So why they should trust BCC ?

[BADecker]

What's the difference between BCC and BCH?   

[malikusama]

Though I agree with the fact that BCC is modified and updated version of BTC but still it is unable to get that much attention and value as bitcoin have. Bitcoin is still the best of all and will always be in the future, the trust of bitcoin users make it more stable and most popular of all.

[erre]

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?

 

Just research "difficulty adjustment". It's all like it should be. Like now, the coin is being ripped by every miner , because profitable, won't last long.

The only strange thing is the buying pressure, can't be only noobs and viabtc...

[6Asmodeus6]

Altough it's true that BCC has more features than BTC , it still didn't get any attention from non crypto related people.It took a lot of time for even Bitcoin.So in a long term BCC can surpass BTC but it doesn't have much chance from my point of view.

[Sevvero]

Yes, it will due to death spiral:

http://bitcoinandtheblockchain.blogspot.co.nz/2017/08/chain-death-spiral-fatal-bitcoin.html

Here is how it goes:

BCC's difficulty adjusts more often than BTC's difficulty.
When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC.
In the meantime BTC has slowed down a lot.
The only way to kill permanently BTC is: BCC pumps and BTC crash together, when BCC's difficulty adjusts upwards, it's still more profitable to mine BCC.
BTC slowed down inexorably.
BCC takes the place of BTC.

[erre]

All that matters is demand, if there's demand miners will switch and remain, otherwise they are just raping the coin as usual

[craZyLovE0916]

There is no way whatsoever that Bitcoin Cash kills Bitcoin. That is all FUD created by a small group of miners that control under 10% of the hashrate of Bitcoin (formerly) and want to make you think this is the "new Bitcoin". Don't fall for it, people!

[olubams]

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?

 

If the miners move to mine BCC, because of difficulty, then I don't see any serious businessman doing that sacrificing difficulty for profitability. Miners are in business to make profit and not to have it smooth because the smooth ways does not pay the bills and in this case, so far profitability is constant, then I see the miner keeping their business and if that is anything to go by, then when another fork happen they should also switch because of simplicity in mining.

[BitcoinExpart]

This is fully bullshit talking ever! Bitcoin world's first decentrilized digital accet, a big market cap. After the fork I usually have been heard something like this, but no strong point behind it.

[manchester93]

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?

 

It doesn't look to me like hash rate has dropped that much for BTC.

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.

It may all blow over, but it could get bloody. I'm really not sure.

[pearlmen]

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?

 

Times without number this issue has been discussed and the final conclusion, has been that there is no way its going to happen, either because of price or mining difficulty or even the speed of transaction because by the time the impending hard fork will be happening then all the attention BCC is getting will be divided while bitcoin will remain strong.

[Seansky]

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?

 

Do not fear those miners will come back mining bitcoin when they have had enough profit from mining bitcoincash. Bitcoincash will probably not kill bitcoin soon since many people still use it despite having bitcoincash. Only a few people use bitcoincash for transaction purposes. The rest are just there to gain more profit out of bitcoincash because it is very profitable to mine and short trade atm.

[dothebeats]

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!

Miners can mine whatever the hell they want with their hardware as long as it's profitable. That's the key word. If it's not, then they move to another coin to gain more and more money. As simple as that. I don't see any major problem in here since I don't see a large demand for BCH as of this moment. If the miners are already done on dumping the coins, see where BCH lands.

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

If it continues like this, difficulty will go down and miners will come back to reap the small time frame of profitability for bitcoin. It's not as if they would switch mining BCH since it's always profitable.

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.

If you are quite sure that BCH is now leading the scene then why transfer your assets into a rather weak one?

[Sevvero]

This is fully bullshit talking ever! Bitcoin world's first decentrilized digital accet, a big market cap. After the fork I usually have been heard something like this, but no strong point behind it.

How is it bullshit? Check the math and you will see this is very real and taking place like...right now.

Times without number this issue has been discussed and the final conclusion, has been that there is no way its going to happen, either because of price or mining difficulty or even the speed of transaction because by the time the impending hard fork will be happening then all the attention BCC is getting will be divided while bitcoin will remain strong.

Black Swans happen exactly when you anticipate them the least you know.

Do not fear those miners will come back mining bitcoin when they have had enough profit from mining bitcoincash. Bitcoincash will probably not kill bitcoin soon since many people still use it despite having bitcoincash.

Cope.

It is currently 75.6% more profitable to mine on the Bitcoin Cash blockchain.

[eckmar]

Anyone with a right mind can't think that is possible. I mean come one, BCC is just copy/paste of Bitcoin code with changed configuration file, now can a copy ever be better than the original ?

[Sevvero]

Anyone with a right mind can't think that is possible. I mean come one, BCC is just copy/paste of Bitcoin code with changed configuration file, now can a copy ever be better than the original ?

What are you saying?

Do you understand mathematics, game theory and mining difficulty at all?

This is a very realistic scenario. Don't put your head in sand and look here:

http://fork.lol/pow/hashrate

https://cash.coin.dance/blocks

That is not good news.

[Janation]

There is no way whatsoever that Bitcoin Cash kills Bitcoin. That is all FUD created by a small group of miners that control under 10% of the hashrate of Bitcoin (formerly) and want to make you think this is the "new Bitcoin". Don't fall for it, people!

But the thing it is happening. If the miners switch to these digital currency, many more will follow. It is a high profit to mine so I will not be surprised if they do.
I think if the bitcoin caah become more popular and valuable than bitcoin, I think Satoshi's coin is really good than bitcoin that we commonly used right now.