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Author Topic: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE  (Read 1568 times)
dumplingsandsushi
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December 27, 2017, 10:37:22 PM
 #181

Bitcon Cash is not the answer to scalability problems.
The only thing that bch does different is different blocksize.
It has already been proven over and over again that it won't make a dent in the scalability problem if bch sees btc's amount of user base.

On top of that, bch is just flat out scammy as hell.
The main developers are trying their best to strong arm people into seeing bch as the "real" bitcoin.
Using posts such as this one and fud to drive prices up.
Joining powers with whales to make mass manipulations of the marketplace.

In the end, the one that will make decentralized crypto mainstream and usable on a daily basis, will probably not even be bitcoin or any of it's forks at all.
But a next evolution in the blockchain.
Heck, btc's tech is already 10 years old, something better will replace it, and that is not bch.

SixOfFive
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December 27, 2017, 10:38:46 PM
 #182

Due to High transaction fees and long confirmation hours make BTC unsuitable for small payment. BCH on the other hand, being the hard fork of BTC, Have same feature of BTC with an add on of small fees and fast confirmation. This has made BCH quite popular among people in last few days.
Oggy Pogi
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December 27, 2017, 10:44:43 PM
 #183

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.

Somehow that was true. Bitcoin payments for small transactions are really getting slower than before even though the price of Bitcoin is continuously rising , but the operation are also getting slower as the price rises making many people to get pissed off from waiting for their payments to be confirmed as pay out. I wonder why people are getting their self engage with Bitcoin Cash maybe because it is much better version of cryptocurrency. How I wish that this matter concerning the payments will be fixed so that Bitcoin will be the best choice for investment proper same with transaction purposes.

Ni-in
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December 27, 2017, 10:49:32 PM
 #184

Probably partly right, still a long way ahead i hope for Bitcoin and Bitcoincash, the transactioncost for BTC are to high for me, i switched to Bitcoin Cash, hopefully a smart move.
junoreactor
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December 28, 2017, 12:57:30 PM
 #185

Bitcon Cash is not the answer to scalability problems.
The only thing that bch does different is different blocksize.
It has already been proven over and over again that it won't make a dent in the scalability problem if bch sees btc's amount of user base.

On top of that, bch is just flat out scammy as hell.
The main developers are trying their best to strong arm people into seeing bch as the "real" bitcoin.
Using posts such as this one and fud to drive prices up.
Joining powers with whales to make mass manipulations of the marketplace.

In the end, the one that will make decentralized crypto mainstream and usable on a daily basis, will probably not even be bitcoin or any of it's forks at all.
But a next evolution in the blockchain.
Heck, btc's tech is already 10 years old, something better will replace it, and that is not bch.
Interesting post. Which crypto-currency do you think as the best value and is the most adapted to current needs when it comes to everyday anonymous transactions? Monero? Or perhaps Verge (XVG)?
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December 28, 2017, 01:06:49 PM
 #186

Bitcon Cash is not the answer to scalability problems.
The only thing that bch does different is different blocksize.
It has already been proven over and over again that it won't make a dent in the scalability problem if bch sees btc's amount of user base.

On top of that, bch is just flat out scammy as hell.
The main developers are trying their best to strong arm people into seeing bch as the "real" bitcoin.
Using posts such as this one and fud to drive prices up.
Joining powers with whales to make mass manipulations of the marketplace.

In the end, the one that will make decentralized crypto mainstream and usable on a daily basis, will probably not even be bitcoin or any of it's forks at all.
But a next evolution in the blockchain.
Heck, btc's tech is already 10 years old, something better will replace it, and that is not bch.
Interesting post. Which crypto-currency do you think as the best value and is the most adapted to current needs when it comes to everyday anonymous transactions? Monero? Or perhaps Verge (XVG)?
Monero comes to the privacy coin, it will not the same as the bitcoin cash. But ripple and DAG system may offers a better scalability than the actual coin that used the blockchain as the main network. remember DAG cost zero fees and ripple with its instant transaction. We are not seriously need anonymous transaction when all of the thing still encrypted by Hash algorithm.

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BartS
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December 28, 2017, 08:52:34 PM
Last edit: January 06, 2018, 11:10:43 PM by BartS
 #187

I agree with you. I've withdraw some of my bitcoin today and got shocked with transaction fee is around 10% is too big amount.
it's very not recommended for transactions with small amounts.
bitcoin is getting popular and high traffic since a few days ago until now
It is incorrect to see bitcoin fees as a percentage of the amount you are trying to transact since that is not the way bitcoin works, bitcoin fee is based on the size of the transaction that is why you can try to send 0.001BTC and have  fee higher than what you are trying to send and you can have a transaction of 100BTC charging exactly the same fee, it may seem unfair but that is the way bitcoin works.
peleng
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January 04, 2018, 08:57:05 PM
 #188

I have heard many times that bitcoin is dying, its technology is not efficient, it's a bubble, but many years have passed and bitcoin is still alive and does not cease to surprise us. I hope the problem for small transactions will be resolved
I also constantly hear about it, but bitcoin never died.   Cheesy I also hope that the problem with transactions will be solved.
j4y_naKomodo
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January 04, 2018, 10:20:38 PM
 #189

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.

Yup, this is happening more often lately. Komodo Platform immediately adopted Bitcoin Cash when it became impossible/inefficient to make atomic swaps with Bitcoin due to fees and waiting time. They pretty much said (but unconfirmed if it will happen) that the dICO projects they host, they will suggest using Bitcoin Cash to raise funds instead of Bitcoin!
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January 04, 2018, 10:26:06 PM
 #190

This thread makes me reflect on why there are other altcoins out of there,some must be more efficient in some aspects but perhaps more vulnerable in others.
fenican
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January 04, 2018, 10:27:30 PM
 #191

I like Sexcoin (SXC) better than Bitcoin Cash. It's got a better looking dev team.
kakawin
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January 06, 2018, 08:31:31 PM
 #192

In my opinion, bitcoin has ceased to be a means of payment. It is impossible to buy something with such huge commissions. Perhaps bitcoin will remain a means of investment.
GeePeeU
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January 06, 2018, 08:56:35 PM
 #193

In my opinion, bitcoin has ceased to be a means of payment. It is impossible to buy something with such huge commissions. Perhaps bitcoin will remain a means of investment.

If bitcoin has no real use case, why would it's value continue to grow?

The mempool is snowballing again. So here we go again.

Meanwhile , Bitcoin cash is still maintaining Transactions with fees under $0.01

Always doubt.
BartS
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January 06, 2018, 11:13:32 PM
 #194

In my opinion, bitcoin has ceased to be a means of payment. It is impossible to buy something with such huge commissions. Perhaps bitcoin will remain a means of investment.
That will only be true once we have tried all the possible solutions and nothing works, there are two solutions being tested one on bitcoin and another on bitcoin cash, bitcoin is going to use segwit plus the Lightning Network and bitcoin cash is going to use bigger and bigger blocks and in the next year we are going to see which one of those solutions work the best.
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January 09, 2018, 09:04:23 AM
 #195

IMO there are many better cryptos than bch for small payments. We just need adoption.

Because of the high commission, I can use bitcoin only as an investment tool and do not see a big future for this coin. Many altcoins will be able to develop thanks to a lower commission.
         
Rules85
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January 09, 2018, 09:08:08 AM
 #196

Bitcoin payments are a nightmare for micropayments, but I don't think BCH can replace BTC, and there will be more encrypted money to replace it.

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emma46
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January 09, 2018, 09:12:13 AM
 #197

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.


This is contrary to my country though, where people are now enjoying and taking advantage on how easy bitcoin transactions are. Such as in paying bills and online shopping. Those are the top 2 ways on how people utilize their respective bitcoin as payments or for transactions.
JohnWick_Bitcoin
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January 09, 2018, 09:18:23 AM
 #198

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.


Its true that bitcoin cash is really growing its value but for me, Bitcoins is still the the best cryptocurrency because it can grow its value immediately and it will also decrease sometimes but that's normal. The only way for us to earn profit in the market is the volatile value of every coin so we should always think on our strategy before investing or selling.
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January 09, 2018, 09:19:02 AM
 #199

We are seeing bitcoin settling in as a place to store value so it is definitely dead for small transactions...for now.  Btc can always adopt changes to make transaction fee lower and speed up transactions and the market will have to figure out if btc can be more than a store of value. The way I see it, bch is competing more with the Itc's of the world.

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January 09, 2018, 09:20:46 AM
 #200

there's already forks with like 0.00000001 comissions  Roll Eyes (watch achain doing fork for example)
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