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Author Topic: All bitcoiners should considerate support Bitcoin Cash  (Read 328 times)
xskl0 (OP)
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November 08, 2017, 01:36:06 PM
Last edit: November 08, 2017, 03:30:05 PM by xskl0
 #1

Actual Bitcoin (BTC) has implemented Segwit changes. Segwit it's not a real solution to the scalability problem but doesn't want to upgrade block size. Keep 1mb blocks forever is not just an insult to Satoshi Nakamoto, it will force people to use the future Lightning Network or other offchan platforms and this will lead to centralization and now the Bitcoin Core have no future as a P2P electronic cash. Bitcoin segwit is just becoming an asset: https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/

Everyone holding Bitcoin at the time received a 1:1 amount of Bitcoin Cash. Bitcoin Cash increased the block size limit to 8 MB allowing eight times the transaction throughput of Legacy Bitcoin. This means lower fees again (e.g. 1 Satoshi per byte) as the blocks are no longer arbitrarily constrained. The future roadmap is to scale on chain and there have been successful tests to scale to 1 GB blocks in future which would allow transaction processing similar to current Visa levels. Bitcoin Cash removed the anti-features RBF and SegWit, thus returning Bitcoin to the original design as per Satoshi's whitepaper and making it actually useful for merchants and micro transactions again.





I wonder if after the BTC emergency HF (https://medium.com/@CobraBitcoin/there-may-be-3-chains-in-novemeber-true-bitcoiners-will-never-surrender-238373f08035) all topics on "Bitcoin discussion" talking about Bitcoin Segwit 1x if is not the chain with more PoW will be moved to altcoin sections.

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November 08, 2017, 01:49:39 PM
Last edit: November 08, 2017, 03:01:59 PM by LoyceV
 #2

First: I'm a Hero Member, and I don't have to do anything Tongue

You're dragging in a lot of different things, from people in Africa to Satoshi Nakamoto.
As much as I hate small blocks, I can't wait to get a working Lighting Network, and I can't wait to have my "small expenses wallet" off-chain. I don't need all my $5 transactions to be recorded for eternity, I'd be perfectly fine if I can put $100 in my off-chain (but trustless and secure) wallet to make and receive dozens of payments while paying less than 1% on fees! Once it runs out of funds, I'll throw in another $100, and if the amount gets too high for my comfort, I'll send it back on-chain.
I don't worry about centralization for LN, that's like saying exchanges are centralized. They are indeed, but we have many options.

There won't be an "emergency HF", it's long planned.


Addition: there's an extra reason to be in favour of some centralized services that earn from fees: they'll have funding for further development! While miners now earn $10 million per day, Bitcoin Core barely has any funding.

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November 08, 2017, 02:26:32 PM
 #3

Supporting bitcoin cash is not a matter of being legendery or an hero but it is just a matter of choice. There was no time it was for comfortable to buy bitcoin. The people that want to invest in bitcoin can buy any fraction he or she can afford.
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November 08, 2017, 02:34:59 PM
 #4

It's just a matter of choice. Everyone has different opinions.If you have more than a thousand BTC deposits, you can be proud to say I support BTC cash.Otherwise, the number of bitcoins held is too small and does not have much impact.In addition, bitcoin forks have become a bargaining chip for Wall Street superinvestors.

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November 08, 2017, 02:44:16 PM
 #5

Yeah, what vltnqefi has said, if you are dealing with large amounts and you are looking to invest, just stick to BTC. As to have less fees, why Bitcoin Cash and not any other altcoins like DogeCoins?

Maybe if we start supporting Bitcoin Cash, the price will skyrocket and maybe the fees will be about the same. Not sure if it is a good thing whether BCC is successful. I believe many of us are still uncomfortable with moving all our Bitcoins to BCC,  as it is unstable and who knows what may happen.  Undecided


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November 08, 2017, 02:48:52 PM
 #6


You are wrong. Badly. You should read more about why 1MB was kept.
And you are wrong. You can't tell people what they should do.
Also keep in mind that there are more coins than just BTC and BCH, so splitting the "world" just in two is wrong again.

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November 08, 2017, 02:50:39 PM
 #7

I dont want to. We have a choice here right or is this some kind a force move?
From the start I didnt care about all the forks that happened. I just tell myself I will stay with bitcoin and bitcoin only.
Create your own phenomenons and make it last if you want to but you cant force the decision of other people. They have their own opinions and mine is to not take part with supporting that bitcoin cash.
It is like a greedy man made coin for me playing God in our midst.
xskl0 (OP)
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November 08, 2017, 02:53:06 PM
Last edit: November 08, 2017, 03:08:12 PM by xskl0
 #8

Quote
Yeah, what vltnqefi has said, if you are dealing with large amounts and you are looking to invest, just stick to BTC. As to have less fees, why Bitcoin Cash and not any other altcoins like DogeCoins?
Being realistic, people will choose before a cryptocurrecy created by central banks than an altcoin. I used to tought Bitcoin was about replace FIAT criminal system.
Bitcoin Cash is more legitimated to be a reliable currecy because is a fork of Bitcoin less modificated than Bitcoin Segwit. Saying something like just use dogecoins is as absurd as say stones can be a good currency and have enough support to replace FIAT.

Maybe if we start supporting Bitcoin Cash, the price will skyrocket and maybe the fees will be about the same. Not sure if it is a good thing whether BCC is successful. I believe many of us are still uncomfortable with moving all our Bitcoins to BCC,  as it is unstable and who knows what may happen.  Undecided
If number of users using Bitcoin Cash skyroket then block size will be upgraded to 32 mb, it will not be a problem but a thing to celebrate. BTC price can just still going "to the moon" even if is not used as a currency but it will probably be a bubble and people will do massive sells at 100.000$/btc or will end being posible to use just  by Billionaries or bitcoin pioneers.

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xskl0 (OP)
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November 08, 2017, 02:58:13 PM
 #9


You are wrong. Badly. You should read more about why 1MB was kept.
And you are wrong. You can't tell people what they should do.
Also keep in mind that there are more coins than just BTC and BCH, so splitting the "world" just in two is wrong again.
I splited  the world in two because this is a bitcoin related forum and I believe Bitcoin Cash is bitcoin and if bitcoin is successful then we don't need any other currency.

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November 08, 2017, 02:59:04 PM
 #10

Quote
All Legenday/Hero members should support Bitoin Cash!
Good luck with that Smiley Members have various view on the issues around bitcoin not to mention that there are (probably) persons on this forum which are most likely paid to represent one of two 1x/2x sides. The idealism is nice but usually melts away under a large enough offer.

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November 08, 2017, 02:59:56 PM
 #11

people are free to support whatever they want. they don't need you to tell them what to do. and as it happens they all support bitcoin not altcoins with other names abusing bitcoin brand.

an account rank is meaningless. what matters is the network itself. the hashrate, the number of transactions, the number of real merchants accepting some coin,... and BCH has none of these.  all the empty blocks (100-200 kB) and the lack of adoption by merchants should be enough indication for that.

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xskl0 (OP)
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November 08, 2017, 03:02:34 PM
 #12

people are free to support whatever they want. they don't need you to tell them what to do. and as it happens they all support bitcoin not altcoins with other names abusing bitcoin brand.

an account rank is meaningless. what matters is the network itself. the hashrate, the number of transactions, the number of real merchants accepting some coin,... and BCH has none of these.  all the empty blocks (100-200 kB) and the lack of adoption by merchants should be enough indication for that.
LOL, Segwit is an altcoin
We will see what happen after S2X fork but miners will decide.

Acording the Whitepaper , bitcoin will be the fork with more Proof Of Work. If you think the whitepaper is wrong tell me why .

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November 08, 2017, 03:05:01 PM
 #13


And yet I still do not understand why all members of the Legendary and Hero must support the BCC? Inconsistency of the topic name and description is frightening and makes you think. Roll Eyes
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November 08, 2017, 03:06:21 PM
Last edit: November 08, 2017, 03:25:52 PM by xskl0
 #14


And yet I still do not understand why all members of the Legendary and Hero must support the BCC? Inconsistency of the topic name and description is frightening and makes you think. Roll Eyes
The topic name was just to atract people to this post and avoid being censured. Now the title has been changed Wink

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November 08, 2017, 03:09:47 PM
 #15

people are free to support whatever they want. they don't need you to tell them what to do. and as it happens they all support bitcoin not altcoins with other names abusing bitcoin brand.

an account rank is meaningless. what matters is the network itself. the hashrate, the number of transactions, the number of real merchants accepting some coin,... and BCH has none of these.  all the empty blocks (100-200 kB) and the lack of adoption by merchants should be enough indication for that.
LOL, Segwit is an altcoin
We will see what happen after S2X fork but miners will decide.

Acording the Whitepaper , bitcoin will be the fork with more Proof Of Work. If you think the whitepaper is wrong tell me why .

LOL?!
$7500 says it is bitcoin.
$2.5 billion daily trade volume says it is bitcoin
$125 billion market cap says it is bitcoin
300,000 transactions every day says it is bitcoin
1,452,839,779,145 difficulty and 10,760,937,515 GH/s says it is bitcoin
all the merchants (even big names like Micorosoft) that are still accepting bitcoin and more that started these past months say it is bitcoin.

and you alone say it is an altcoin! i guess everyone else is wrong but you eh Wink

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November 08, 2017, 03:19:36 PM
 #16

We can support what ever we like, OP shouldn't force anybody in what to coin to buy or to support even though Bitcoin Cash price was rising to the horizon but we can not tell if in the Hard Fork it can continue to really fly high, we can never know what we are heading bitcoin can drop or rise depending on the mood of certain individuals if their going into a panic mode to sell or buy.
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November 08, 2017, 03:25:14 PM
 #17

We can support what ever we like, OP shouldn't force anybody in what to coin to buy or to support even though Bitcoin Cash price was rising to the horizon but we can not tell if in the Hard Fork it can continue to really fly high, we can never know what we are heading bitcoin can drop or rise depending on the mood of certain individuals if their going into a panic mode to sell or buy.

Of course

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November 14, 2017, 07:15:09 AM
 #18

Supporting bitcoin cash is not a matter of being legendery or an hero but it is just a matter of choice. There was no time it was for comfortable to buy bitcoin. The people that want to invest in bitcoin can buy any fraction he or she can afford.
The point he was trying to make was that as a Hero member, he's obviously seasoned enough to make an informed decision on issues pertaining to Bitcoin unlike outright newbies, who're often quite impressionable.

All said, seeing through the economic pursuit of the proponents of Bitcoin cash as their only motto and not a care in the world about security and sustainability of the Bitcoin brand. More profit, that's why majority of the NYA signatories were businesses, but thank goodness most of them were able to see the light and retraced their steps. Bitcoin Cash, Bitcoin Gold and Segwit2x are one and same camp, different fronting to try to take the wind out of the sail of Bitcoin, but they're all spent now.
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