Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE

[inturist]

Bidding Bitcoin Cash stopped after adding to Coinbase and an unusual price increase.
An update from Coinbase CEO @brian_armstrong https://t.co/bNeOAgjHBl
Just wow, price on GDAX went to the moon close to $9500

[lighpulsar07]

Well still no bitcoin cash is still a shitcoin controlled by roger and jihan's followers just like you i rather to move on litecoin and ethereum instead investing on mainpulated the coin and besides litecoin and ethereum is much faster than bitcoin cash when it comes to block generation. Although your are right the transactions fees are high right now and we are suffering from it but the devs were working on lightning network if implemented microtransactions were available again in bitcoin.

[iamTom123]

Bitcoin is dead but soon it will have its own resurrection that is if those people in charge for its development would stop sleeping and start working...it is as simple as that. I don't believe that they don't have the capacity to solve the whole mess as the problem has become no more technical but political. This should be the message that must come clear to them...we have to do something because the business environment is very competitive and there are rival cryptocurrencies who are also vying for the top post.

[Saimabutterfly]

Yes bitcoin is not for the smaller transactions but yes its still the best for the big transactions. Bitcoin is far better than BCC.

[eddie13]

To the altcoin section

[freeman48]

Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.

That's true man. For me payments systems will be good altcoins.

[Mpamaegbu]

We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.

We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.

Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.

Yes, you are right and this is sadly worrisome. Perhaps that explains why litecoin and Bitcoincash are getting a lot of patronage lately. Besides the discouraging fees for small transactions there is a whole backlog of unconfirmed transactions waiting in the blockchain for days unending.

[krishnapramod]

Bitcoin's current utility as a currency is declining, but still its demand as an asset/store of value is increasing. In fact with the launch of CME Bitcoin futures it has become a mainstream financial investment/asset. So basically, right now Bitcoin is less of a payment network, but evolving into digital gold. Conflicting views, those who prefer a decentralized peer-to-peer payment network over digital gold would find the current situation quite messed up, but for those who are simply holding Bitcoin, this isn't much of a concern. Bitcoin's future utility as a currency depends on LN implementation so IMO 2018 is going to be quite challenging and competitive for Bitcoin.

[kiver]

it's true that bitcoin getting harder and harder everyday but i also don't like switching payment to bitcoin cash (only my opinion) bitcoin cash could drop in price at any time it a manipulative market maybe if you could switch to some other altcoin it will be helpful for you and alot of people will accept that

P.S bitcoin getting harder in payment doesn't mean its worthless but it became like asset you keep not to pay with

[Get-Paid.com]

Bitcoin's current utility as a currency is declining, but still its demand as an asset/store of value is increasing.

Bitcoin is like Altavista Search Engine in 2000.
It was booming, everyone was using it but today nobody even remembers what it is.

It's good for now, there is a big hype, but without resolving its core fundamental issues it won't survive.

[Wipangga]

I think bitcoin will never die, because bitcoin is scattered in all countries, I think bitcoin is the father of all coin-coin, which is on the market, so bitcoin will not die.
If our opinion bitcoin cash is also good in recent times, to get results in the long run.

[Bukx]

We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.

We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.

Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.

Well, i feel the same problem will lead bitcoincash to the moon. Really sad to say but this is real.

[Mr.Smithers]

We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.

We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.

Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.

It is very said but it is also very true. My personal experience not only stands behind those statements, it shouts!

On the flip side, don't you guys have fears that when Bitcoin Cash have the same amount of transactions, the history will repeat itself? I know I know, the block size is bigger. But it is only a few times bigger, while bitcoin's transactions backlog is already 100 blocks long.

[colonel_koval]

Now BCC/BCH is about 20-25% of the BCC value. Does anyone think it would soon be valued at 0.5 BTC? Would BCC and BTC have the same value eventually?

Yes and the rise has just hapened tonight and today, so it is not a fixed 25%, rather it is a rise from 10% to 25% and I would predict that rise to continue. So we may be seeing levels like 50% and from there a path is short to bitcoin core being 25% of bitcoin cash

[Sylar2016]

I have never beleived that Bitcoin could have succeeded as currency for everyday life expense. Just for its known problem related to the transaction fees and low speed. For this purpose there are more interesting project like Bitcore (that can make the same amount of 1 year of BTC transactions in just 3 days) or DeepOnion. But I am really sure that the value of Bitcoin will continue to grow up beacuse it can be seen as a  value reserve like gold.

[Leopardon29]

Not sure about Bitcoin Cash as mentioned in the topic, but I totally agree that Bitcoin has slowed down and become more expensive than what was promised.

[CriptoCreater]

BitcoinCash is dead now, so I looking to the forks...Some guys trying to do Segwit2X...Sounds promising
ANN: https://bitcointalk.org/index.php?topic=2595620.0

[garet]

Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.

IMO, without utility, its going to become worthless.  Utility is needed to keep the value high, incentivise miners and keep the network alive.

Feeds need to drop or the network won't survive this and you won't be able to get your money out when you need it.

Similarly, this undermines the aspects of the technology that make it worthwhile.  This is not a revolution without it challenging banking, and payments, and its real worth will tank in line with this.

Fees need to come down or be proportionate to the value of the wallet values rather than the size of the transaction.  Software changes are needed.

Great response! I think the fact that bitcoin has gone from a virtual currency meant to be used to pay for things to a store of value is simply a way for bitcoin backers to keep the coin relevant. Now that the network is not able to satisfy the market as a payment method, the only options are either call it something else or acknowledge it is no longer useful.

Nonetheless, the average investor who uses only Coinbase for example will not experience the issues that are prevalent within the technology. They simply buy on Coinbase and let bitcoin sit there, so they do not see the long times for confirmation or high fees.

[cynical]

Bitcoin's current utility as a currency is declining, but still its demand as an asset/store of value is increasing.

i agree totally with this point.
I think that the majority of people with Bitcoin dont care about whether they can pay for goods and services with it.
It has become a store of value and something to be traded and make profits.

Bitcoin is like Altavista Search Engine in 2000.
It was booming, everyone was using it but today nobody even remembers what it is.

It's good for now, there is a big hype, but without resolving its core fundamental issues it won't survive.

i think it will survive as a commodity for trading buy not as a payment system.

[Lucius]

We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.

We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.

Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.

So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.

You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.