NathanJB
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July 20, 2019, 10:26:41 AM |
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Bitcoin Cash is just a result of a lack of consensus among the members of the team behind Bitcoin. Disagreement, instead of getting ironed out and keeping the coin whole, resulted into a faction and eventually into a split. But Bitcoin Cash is never the original Bitcoin as what they've repeatedly claimed. I would say it is indeed unnecessary. If I know, even Jihan Wu and Roger Ver themselves, still own a lot of Bitcoin.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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JollyGood (OP)
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July 21, 2019, 09:15:10 AM |
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Hard fork will often benefit the holders of the particular coin being forked and that is what happened to bitcoin cash as well as the forks of bitcoin cash. As regards its usage Bitcoin cash is slightly faster in transactions than bitcoin but BTC is more widely used and recognized than bitcoin cash. Bitcoin cash has also a bright future as it is still the closest alternative to bitcoin and is fully decentralized Not sure what you intended to mean with your post but it seems you are saying BCH is the nearest alternative to Bitcoin. Do you think will ever be a challenger to Bitcoin? I think not but what do you think? Maybe within the next 12-18 months BCH will drop out of the top 10 largest crypto by market capital because other coins are coming up.
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Convery
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July 21, 2019, 09:22:55 AM |
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Bitcoin Cash would have died long ago if BCH had no Bitmain support. And look what happened to Bitmain - loosing money, dismissing employees and closing factories. How long do you think that Bitcoin Cash can survive?
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acoco
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July 21, 2019, 10:48:43 AM |
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Of course, you have to take the original Bitcoin, but why stop at Bitcoin Cashset, there is a Bitcoin sv and atom and a dozen different forks, you don’t need to take this garbage...personally my opinion, enough fork bitcoin
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K4C
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July 21, 2019, 11:00:51 AM |
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This is basically the basic explanations of most Cryptocurrency project, when they start, they would be touted as the breakthrough we need in the Cryptocurrency world, then their whitepaper would promise heaven on earth and all you need to do to benefit from a piece of paradise is just to invest, when all is said and done, it joins the league of useless project in the market and gradually fade to oblivion.
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fulcare
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July 28, 2019, 09:21:03 AM |
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Of course, you have to take the original Bitcoin, but why stop at Bitcoin Cashset, there is a Bitcoin sv and atom and a dozen different forks, you don’t need to take this garbage...personally my opinion, enough fork bitcoin
The times for (financially) successful BTC forks are over anyway I believe. The hype was big for the first forks, but now nobody cares if there is any fork upcoming.
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JollyGood (OP)
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July 28, 2019, 10:05:21 AM |
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Bitcoin and Bitcoin are both coin-quality and suitable for long-term Hollding, if you ask who is stronger, of course BItcoin as we know it ourselves. Regarding prices, surely all coins can increase in the future so this is only a small problem and we certainly have our own confidence in evaluating it.
All I know is the after the initial boost BCH slipped and never recovered in price.
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narukami
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July 28, 2019, 03:48:06 PM |
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In my opinion bitcoin is really better because we all know that bitcoin is the best cryptocurrency and it is getting more better this year and i really believe that many people here in cryptoworls predicted that the price of it will pump again just like what happen last 2017.
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Carreuh
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July 28, 2019, 06:11:29 PM |
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If both of them are compared then it will still be superior. Bitcoin from bitcoin cash is because bitcoin is very good in any way, both in terms of price and in terms of popularity and again bitcoin cash is a child of bitcoin. It can be concluded that bitcoin is very much better from bitcoin cash
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MikeyVeez
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July 28, 2019, 06:17:20 PM |
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Bitcoin Core is a real Bitcoin, at least bigger community support Bitcoin Core idea. While Bitcoin Cash is solving scalabillity with bigger blocks, Bitcoin Core solves that with second layer solutions.
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sdp
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July 28, 2019, 06:48:25 PM |
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So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:
Bitcoin capital $118,038,167,261 price $6,962.42 circulating 16,953,612 volume last 24 hrs $4,671,340,000
Bitcoin Cash capital $11,306,077,844 price $663.06 circulating 17,051,288 volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
You have been here long enough to hear the big-block arguments so there is no need to repeat them here. Rather than making a new chain using a source code fork, by also using a fork of the network, you airdrop the new altcoin to existing users of BTC. Users being an important asset to any currency. I'm only trying to explain the reasoning. Some of the users and about 8% of the wealth of the two bitcoins is in BCH. The value of BTC though is not only the source code and holders but also the developers, exchanges, merchants, validators, hashers, and miners, and spenders. All of which, you don't inherit by splitting the main-chain. sdp
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Coinsbank: Left money in their costodial wallet for my signature. Then they kept the money.
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Rikotin
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July 29, 2019, 08:48:52 AM |
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in all cases, bitcoin cannot be compared to bitcoinCash. they have differences from each other, if I personally prefer bitcoin than bitcoinCash because bitcoin has good price growth and has great potential for investment in the future.
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kissme09
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July 29, 2019, 09:09:54 AM |
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Many investors choose BCH as Bitcoin. Instead, they believe that BCH with the new platform will attract more investors, and it soon replaces Bitcoin's position. But I don't think this is true because any Altcoin will not replace Bitcoin. I believe in my choice, and my choice will always be correct.
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JollyGood (OP)
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July 29, 2019, 09:28:22 AM |
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Hard fork will often benefit the holders of the particular coin being forked and that is what happened to bitcoin cash as well as the forks of bitcoin cash. As regards its usage Bitcoin cash is slightly faster in transactions than bitcoin but BTC is more widely used and recognized than bitcoin cash. Bitcoin cash has also a bright future as it is still the closest alternative to bitcoin and is fully decentralized
Going by what you said it seems BCH has no real future in the long run. I agree with you because unless BCH evolves in to something worth buying then it may as well fade away.
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kogozer714
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July 29, 2019, 10:10:43 AM |
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in my opinion bitcoin is more than everything compared to bitcoincash, because the position of bitcoin is very special and will not be replaced because bitcoin is the king of all crypto. that's why I like it very much.
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kensaii
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July 29, 2019, 02:36:05 PM |
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in my opinion bitcoin is more than everything compared to bitcoincash, because the position of bitcoin is very special and will not be replaced because bitcoin is the king of all crypto. that's why I like it very much.
Bitcoin cash is just an old version of Bitcoin that will eventually become useless because it is not improving, but personally it is my opinion Many hold the same opinion as you too so don't worry. After all, we could see how Bitcoin Cash perform since all the big talk from years ago. Now, no doubt that Bitcoin still holds its throne.
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JollyGood (OP)
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July 29, 2019, 04:28:02 PM |
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I think bitcoin cash is just a tool for making money. People say that nobody uses this coin and all transactions in the blockchain are made by one address Most people tend to agree with what you say. It seems BCH will never get accepted as a serious crypto for P2P transactions.
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upyem2k
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July 30, 2019, 10:59:13 AM |
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This is a very old post of over a year. But comparing bitcoin and bitcoin cash will not be fair. Bitcoin has been established as the father of all cryptocurrencies and it will remain so forever.
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ishirut009
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July 30, 2019, 11:07:07 AM |
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So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:
Bitcoin capital $118,038,167,261 price $6,962.42 circulating 16,953,612 volume last 24 hrs $4,671,340,000
Bitcoin Cash capital $11,306,077,844 price $663.06 circulating 17,051,288 volume last 24 hrs $286,801,000
On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?
Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.
To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
btc will always be the number 1 for me because it is the most adopted and without a doubt is the most known crypto out there. Most of the new people who will come in the crypto space will buy btc first before exploring on altcoins.
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FLHippy
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July 30, 2019, 11:29:53 AM |
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I think that it is good when you hold BOTH BTC and BCH since the fork, you never know which one will be more supported in the future. Still it is a Bitcoin but diffrent idea is behind the forks.
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