Bitcoin vs Bitcoin Cash vs new Bitcoin Private (Forks)

[chipr]

Hey everyone,

I've only been active, researching with due diligence at first, and now investing cautiously... or as much as possible, and with all the different variations of 'Bitcoin' I'm wondering what others thoughts are on this matter. Similar issues have been going on with Ethereum as well (including totally fraudulent Ethereum Ultimate scam).

I just thought I'd break this down some, in order to try and understand what stemmed from the many bitcoin forks, which being new I had no idea what that really meant. So without doing more background research, which some of you may already possess, I will only start with the fork of Bitcoin and Bitcoin Cash that happened last fall. As a reminder I'm not going to explain much but rather put into words some of my understanding of these events and coins to start a discussion and possibly get clearer thoughts by other forum members; maybe even a timeline or flowchart.

Here are some of the issues to address, and following are what I would like to discuss or hear from others on but any category below is up for discussion:

• 1. Bitcoin vs Bitcoin Cash -
  As I understand it there were differing opinions among some of the core Bitcoin developers, those still working on bitcoin, not necessarily the originator. Because of this a group broke away to establish Bitcoin Cash (BTC), and most notably Roger Ver says BTC is actually the original Bitcoin now as it remains truer to the original intent, purpose in use, and the whitepaper.
  
  Thoughts? Differences, I believe one is faster transactions and lower fees for Bitcoin Cash?
  
  My opinion so far, I don't think this helped with blockchain size, transaction speed, lower fees for core Bitcoin which still needs to be done with so much more money coming into the market since that will continue, although it doesn't seem at this point that one will replace the other... that is certainly possible (afterall holders of Bitcoin were given BTC matching their hodling during that fork - if either you knew about it beforehand or were lucky enough to store it in a 'fork supported' wallet.
  
  
• 2. Bitcoin vs Bitcoin Private (also involves Zclassic) -
  Towards the end of this month their will be an unusual fork, in that it is actually a merge of two forks into one new fork, and that will involve core Bitcoin (BTC) and Zclassic (ZCL) both going into the new fork which will also create new Bitcoin Private (BTCP). Once this occurs, owners will be airdropped a equal amount 1:1 of Bitcoin Private to Bitcoin and/or Zclassic already held in fork supported wallets.
  
  This one's a bit more difficult to explain, but what I do know by reviewing a series of video conversations between developers both working on this project, and mentors, following on Twitter, and reading the website is that the new forked blockchain is being done to accommodate larger size blocks,  free up transaction processing time, allow lower fees, incorporate some type of 'sheath' around part of the transactions to provide privacy of actual addresses, not txn numbers, so that the parties wallet addresses will not be revealed during the transmission. Again, the main developer of the project who was working with Zclassic (a fork of ZCash (ZEC), Rhett Creighton, claims Bitcoin Private will be truer to Bitcoin than core bitcoin is today, adding the privacy, as store of value, and ability to transact quickly as a digital currency.
  
  
• 3. Bitcoin Gold, Bitcoin etc., etc. -
  What other existing varieties have been developed, in part, by some of the original developers?
  
  It has become clear to me that using, or piggy backing, off of the Bitcoin brand may not represent any relationship to Bitcoin whatsoever if it was simply developed using open source technology but there must be trademarks.
  
  So on that last point, I'm speaking of Bitcoin Gold (BTG), Bitcoin God (GOD), Bitcoin Plus (XBC), Bitcoin Dark (BTCD), BitcoinZ (BTCZ), Bitcoin Diamond (BCD), Bitcoin Lightning(BLT), and now the rather cynical new Bitcoin Ether (BTCE)...
  
  

The big question is which, Bitcoin Cash or Bitcoin Private,
 will come out on top... even of Bitcoin core?

[Crypington]

So how do you get Bitcoin Private?  This sounds more like an airdrop than a fork?  Am I reading that correctly?

[ir.hn]

bitcoin gold has more to do with original bitcoin than bitcoin private does.  If anyone is piggybacking on the bitcoin brand it is bitcoin private.

[tung06081989]

how do you think about bcd? bcd is good? isee bcd don't allow withdrawn from any exchange,i has just bought some bcd

[blue_id69]

So how do you get Bitcoin Private?  This sounds more like an airdrop than a fork?  Am I reading that correctly?

If not airdrop like "airdrops" you still need to hold bitcoin or zclasic coin to have bitcoin private. But the ratio is not fair i guess since the bitcoin price is higher that zclassic why bitcoin holder still get 1:1 ratio ? i hold 1 bitcoin worth of 7k usd and i get 1 btcprivate and i hold 1 zcl worth of 100 and get 1:1 ratio too. So i just need to hold Zcl right ?

[JioMoney]

Better to buy and hold ZCL , bitcoin private is going to be superb coin in 2018

[Om.monata]

bitcoin private whether a new coin and forks of bitcoin, i will wait for the private bitcoin and will see the development of bitcoin private whether it has similarities with bitcoin or difference.

[kevoh]

Can any one tell me what is bitcoin core? also when is the for of bitcoin private? thanks

Bitcoin Core is a bitcoin node software and a specific implementation of the Bitcoin protocol. It is also the reference implementation of Bitcoin.

also when is the for of bitcoin private? thanks

The snapshot for the fork of Bitcoin private is expected to take place on the 28th of February. While its fork and Main Net launch date will be announced two days following the snapshot. Here is the official Bitcoin Private link for more info.

[ir.hn]

So how do you get Bitcoin Private?  This sounds more like an airdrop than a fork?  Am I reading that correctly?

If not airdrop like "airdrops" you still need to hold bitcoin or zclasic coin to have bitcoin private. But the ratio is not fair i guess since the bitcoin price is higher that zclassic why bitcoin holder still get 1:1 ratio ? i hold 1 bitcoin worth of 7k usd and i get 1 btcprivate and i hold 1 zcl worth of 100 and get 1:1 ratio too. So i just need to hold Zcl right ?

It is a scam to boost Zcl

[makishart]

So how do you get Bitcoin Private?  This sounds more like an airdrop than a fork?  Am I reading that correctly?

If not airdrop like "airdrops" you still need to hold bitcoin or zclasic coin to have bitcoin private. But the ratio is not fair i guess since the bitcoin price is higher that zclassic why bitcoin holder still get 1:1 ratio ? i hold 1 bitcoin worth of 7k usd and i get 1 btcprivate and i hold 1 zcl worth of 100 and get 1:1 ratio too. So i just need to hold Zcl right ?

It is a scam to boost Zcl

That sounds make sense at all. Bitcoin private has no purpose about that. The zclassic developers are trying to raise the more awareness to the zclassic coin by issued bitcoin private fork.
The fact that we don't seriously need privacy coin if the majority of exchange sites are implementing KYC and AML verification. And that makes the privacy coin seems to be worthless.

[Murloc]

Thoughts? Differences, I believe one is faster transactions and lower fees for Bitcoin Cash?

Guess what coin have the same benefits comparing to Bitcoin? It is  Litecoin. The fact that Roger Ver claims that BCH is a real bitcoin sounts rediculous and ones more proves that he is a scammer. btw  both of those coins will lose their benefits after the release of LN. The fact that Bitcoin Provate wants to make privacy as a store of value sounds not realistic and the coin will definetely lose the competition to the existed coins. All those forks are just an attemps to get money out of nothing.

[chipr]

So how do you get Bitcoin Private?  This sounds more like an airdrop than a fork?  Am I reading that correctly?

Best thing is to go right to these two websites as they've made the announcement of the fork date and approximate snapshot, I''ll have to look again but it was scheduled for 28 Feb, 2018 and they are diligently testing the blockchain fork before they release it. The deliberately delayed to give extra time to really test out the fork.

Also you'll need to have your any Bitcoin and Zclassic in a 'fork' supported wallet. Again, I've looked into it a lot but wasn't able to put in all the reference due to my member level at the time. All the info. is prob. on both websites now.

https://btcprivate.org/

http://zclassic.org/

Darn, I missed buying some Zclassic when it was about $68 US last week at one point.

[cryptonero]

Now i know why ZCL is getting pumped last week upto now,im sure bitcoin holders will choose to buy more ZCL than buying more bitcoins because it is much more cheaper obviously,either of these two coins you hold you will still receive 1:1 ratio of BTCP.Im sure there will be a massive dump after bitcoin private snapshot has ended i already experienced it when i joined the IGNIS drop and got trapped to a shitty coin NXT.

[qazgroup]

Friends lets not be fooled by useless forks, they just want your precious btc, btc is the real gem, next uptrend in btc will start soon and we will see new all time high, do not sell or exchange your precious btc in this low price.

[chipr]

how do you think about bcd? bcd is good? isee bcd don't allow withdrawn from any exchange,i has just bought some bcd

I really don't know anything about that coin, and part of the very last paragraph was emphasizing how many different Bitcoin varieties there seems to be... it's kind of ridiculous. Again they are not, but some may be, shoots from some of the same developers of Bitcoin. Definitely if there's a fork it seems the same devs must have decided to create a new coin due to an eminent or planned fork.

So you are referring to Bitcoin Diamond (BCD), I just searched on coinmarketcap.com. I cannot not really give you financial but if you bought it recently or during the slump in January, I would tend to hodl and maybe use to exchange for something else if market price goes up... hard to tell what will happen with market volatility.

You'd have to do a search and see if you can find out more about it, there was another fork after Bitcoin fork that created Bitcoin Cash... and one or two of the other ones were created, but I have not found a comprehensive timeline of how they evolved thus far (partly because there are feuding developers now between Bitcoin Core and Bitcoin Cash (and possibly we'll see about Bitcoin Private).

So far Bitcoin (BTC), called by some now 'core Bitcoin' or 'Bitcoin core', and Bitcoin Cash (BCH) are far more retain far more value than any of the minor Bitcoin variants.

Okay, here's the website for Bitcoin Diamond, apparently forked by 2 miners unhappy with how unusable Bitcoin had become as far as a currency to transact with, clogging up the blockchain and requiring huge fees. It is a result of a fork in November. Good luck.

http://btcd.io/ - They actually have a chart up on the site with Bitcoin forks from last year, four of them.

[chipr]

If not airdrop like "airdrops" you still need to hold bitcoin or zclasic coin to have bitcoin private. But the ratio is not fair i guess since the bitcoin price is higher that zclassic why bitcoin holder still get 1:1 ratio ? i hold 1 bitcoin worth of 7k usd and i get 1 btcprivate and i hold 1 zcl worth of 100 and get 1:1 ratio too. So i just need to hold Zcl right ?

Yes, you are correct. If you did not have any Bitcoin but you have Zclassic, you will receive 1:1 ratio (for either Bitcoin and/or Zclassic), but make sure to go look on Zclassic site and maybe use on of there wallets just to be sure. They developed wallet just for this purpose to ensure coins there will be matched with equal amount of Bitcoin Private.

It is an uneven ratio if you are comparing value of those two coins, at least what the value has been, but it is an unusual fork because it is not a split off of the main blockchain it is actually a merge of two different existing chains, BTC and Zclassic into a single new & hopefully improved blockchain.

And know one knows how the market will react... one of them may not keep the value in favor of another.

[cryptopusa]

Friends lets not be fooled by useless forks, they just want your precious btc, btc is the real gem, next uptrend in btc will start soon and we will see new all time high, do not sell or exchange your precious btc in this low price.

It might be a good opportunity to get some profits before the snapshop happened i dont care about these forked coins,just want to take advantage the situation in the market so i could grow my bitcoins.I am not really interested with the forked coins,im going to sell my ZCL before the snapshot because it is too risky because we will expect a massive dump few seconds after the ZCL snapshot has ended.

[lero34]

I think that the latter has no chance. Unlike bitcoin cash. Bitcoin cash technically has differences and is more convenient in use. The latter is completely useless.

[pooque]

I think that the latter has no chance. Unlike bitcoin cash. Bitcoin cash technically has differences and is more convenient in use. The latter is completely useless.

I have to disagree,bitcoin cash might have some use but being a centralized and manipulated by its founder wont be a good choice of investment,it has a lot of manipulations and you are just helping these people behind this coin to get more money from these noob investors,if bitcoin cash is a lot beter than bitcoin why this coin cannot surpass atleast ethereum??

[Jaycee99]

Hey everyone,

I've only been active, researching with due diligence at first, and now investing cautiously... or as much as possible, and with all the different variations of 'Bitcoin' I'm wondering what others thoughts are on this matter. Similar issues have been going on with Ethereum as well (including totally fraudulent Ethereum Ultimate scam).

I just thought I'd break this down some, in order to try and understand what stemmed from the many bitcoin forks, which being new I had no idea what that really meant. So without doing more background research, which some of you may already possess, I will only start with the fork of Bitcoin and Bitcoin Cash that happened last fall. As a reminder I'm not going to explain much but rather put into words some of my understanding of these events and coins to start a discussion and possibly get clearer thoughts by other forum members; maybe even a timeline or flowchart.

Here are some of the issues to address, and following are what I would like to discuss or hear from others on but any category below is up for discussion:

• 1. Bitcoin vs Bitcoin Cash -
  As I understand it there were differing opinions among some of the core Bitcoin developers, those still working on bitcoin, not necessarily the originator. Because of this a group broke away to establish Bitcoin Cash (BTC), and most notably Roger Ver says BTC is actually the original Bitcoin now as it remains truer to the original intent, purpose in use, and the whitepaper.
  
  Thoughts? Differences, I believe one is faster transactions and lower fees for Bitcoin Cash?
  
  My opinion so far, I don't think this helped with blockchain size, transaction speed, lower fees for core Bitcoin which still needs to be done with so much more money coming into the market since that will continue, although it doesn't seem at this point that one will replace the other... that is certainly possible (afterall holders of Bitcoin were given BTC matching their hodling during that fork - if either you knew about it beforehand or were lucky enough to store it in a 'fork supported' wallet.
  
  
• 2. Bitcoin vs Bitcoin Private (also involves Zclassic) -
  Towards the end of this month their will be an unusual fork, in that it is actually a merge of two forks into one new fork, and that will involve core Bitcoin (BTC) and Zclassic (ZCL) both going into the new fork which will also create new Bitcoin Private (BTCP). Once this occurs, owners will be airdropped a equal amount 1:1 of Bitcoin Private to Bitcoin and/or Zclassic already held in fork supported wallets.
  
  This one's a bit more difficult to explain, but what I do know by reviewing a series of video conversations between developers both working on this project, and mentors, following on Twitter, and reading the website is that the new forked blockchain is being done to accommodate larger size blocks,  free up transaction processing time, allow lower fees, incorporate some type of 'sheath' around part of the transactions to provide privacy of actual addresses, not txn numbers, so that the parties wallet addresses will not be revealed during the transmission. Again, the main developer of the project who was working with Zclassic (a fork of ZCash (ZEC), Rhett Creighton, claims Bitcoin Private will be truer to Bitcoin than core bitcoin is today, adding the privacy, as store of value, and ability to transact quickly as a digital currency.
  
  
• 3. Bitcoin Gold, Bitcoin etc., etc. -
  What other existing varieties have been developed, in part, by some of the original developers?
  
  It has become clear to me that using, or piggy backing, off of the Bitcoin brand may not represent any relationship to Bitcoin whatsoever if it was simply developed using open source technology but there must be trademarks.
  
  So on that last point, I'm speaking of Bitcoin Gold (BTG), Bitcoin God (GOD), Bitcoin Plus (XBC), Bitcoin Dark (BTCD), BitcoinZ (BTCZ), Bitcoin Diamond (BCD), Bitcoin Lightning(BLT), and now the rather cynical new Bitcoin Ether (BTCE)...
  
  

The big question is which, Bitcoin Cash or Bitcoin Private,
 will come out on top... even of Bitcoin core?

Say what did I miss somthing here? Is really bitcoin Private a fork or bitcoin? when did this fork happend? I never know.

I will answer the big question base on my knowledge

Form me I think bitcoincash would come on top. First respect my post because I only know bitcoin cash among the forks that happend in the cryptocurrency.

So here I would say its bitcoincash and thats becauase its one of the coins I know so it means it can go big the other maybe weeks or months it depends because its just a duplication and added more names before bitcoin (even this are altcoins)