Bitcoin vs Bitcoin Cash

[Sled]

Bitcoin cash is just an altcoin and it is a forked coin of bitcoin and once there is another coin aside from bitcoin then it is considered altcoin and bitcoin is still the best even there are forked coins because bitcoin is the very first cryptocurrency in the market and even there are different technologies from different altcoins, bitcoin still got the simplest and best technology.

[dario.93]

Seems like Bitcoin Cash is good fork, but it was laucnhed in a rush, not correctly planned, therefore it has nothing that can benefit anybody

[JollyGood]

Seems like Bitcoin Cash is good fork, but it was laucnhed in a rush, not correctly planned, therefore it has nothing that can benefit anybody

I agree and feel if there was a proper plan it would have been better but in the end it has done nothing for the community

[carodupuis]

If I may add, those Lutherans was just confined around Germany, Austria (if my memory serves me right) and didn't gain enough traction from the Catholic community, maybe they swayed a few but Catholics remain the dominant religious group throughout centuries and Lutherans didn't took off as expected.

Similar to what we are seeing today, after the split there was an attempt by BCH fanboys to overthrow Bitcoin, with negative attacks and spamming the bitcoin network, but they didn't succeed. Community knows better who are behind Bitcoin Cash, all greedy individuals who are trying to portray Bitcoin Cash as the new Bitcoin, but what happened? no support from our community. Just like what we have witnessed during the religious schism in the 15th-16th century.

Nicely put. Having purchased "bitcoin.com" years ago to directly challenge "bitcoin.org" to try and influence the path forward simply because the whales had thousands of Bitcoin. Failing in that they added along with fancy slogans a host of PR in an attempt to take over the Bitcoin project by replacing it with Bitcoin Cash. Their exercise failed.

I have no interest in the politics between the BTC and BCH camps but I can safely say it seems Bitcoin Cash was created as a deliberate act to destroy and hijack Bitcoin under the guise of "we are doing it for Satoshi and his real vision for the sake of saving Bitcoin and helping the community".

Bitcoin Cash could have been a revolutionary innovation to maybe even succeed Bitcoin in the long run but in the end it seems a cheap immitation by a group of power-grabbing power-hungry greedy profit seeking whales who wanted to be in total control of the coin that would take over from Bitcoin at all costs. They failed in an opportunity to bring something special to the table for the sake of the community but in the end their desire to destroy Bitcoin and the team behind Bitcoin was the real driving force along with free coins from the fork that drove the whales to create Bitcoin Cash.

Bitcoin Cash is nothing more or less than any other crypto out there, it has not and probably will not touch Bitcoin.

To my mind, it was another vain attempt by the family of altcoins for getting more support and popularity than bitcoin. This coin get attention of majority just because of the similarity it has in name with real bitcoin. It could not match the performance standards of authentic bitcoin, so it did not survive in the market full of competition. We better stay away from such cheap coins which are useless.

[JollyGood]

To my mind, it was another vain attempt by the family of altcoins for getting more support and popularity than bitcoin. This coin get attention of majority just because of the similarity it has in name with real bitcoin. It could not match the performance standards of authentic bitcoin, so it did not survive in the market full of competition. We better stay away from such cheap coins which are useless.

I agree with you but to say Bitcoin Cash did not survive in a full market is premature. It has constantly has a market capital of over $10 billion therefore does carry some influence and weight but the idea that the whales behind Bitcoin Cash could fork it, make money from it and then take over Bitcoin was never going to succeed.

[YzzyGo]

Bitcoin cash was created due to differences between the core team and another group who promotes Blocksize increase. BCH actually made sense to me but Core Bitcoin currently wins by popularity. I think one of the reasons BCH exists is to give the masses options on invest on what they believe in. Pretty much like coke and pepsi I guess.

[PalindromemordnilaP]

I still remember last year how bitcoin cash had pumped so high when segwit2x was unable to continue and the pumped somewhat threaten bitcoin's status as bitcoin is also falling down that time. But that was just only a pure pump of frustrated people waiting for segwit2x and bitcoin still showing dominance at all. Bitcoin cash is a very good alt coin too and it is also one of the cryptos i have in my portfolio.

[JollyGood]

I still remember last year how bitcoin cash had pumped so high when segwit2x was unable to continue and the pumped somewhat threaten bitcoin's status as bitcoin is also falling down that time. But that was just only a pure pump of frustrated people waiting for segwit2x and bitcoin still showing dominance at all. Bitcoin cash is a very good alt coin too and it is also one of the cryptos i have in my portfolio.

Do you have Bitcoin Cash in your portfolio because you received them for free as a result of the fork or did you actually buy them?

[vergel24official]

Bitcoin didn't split, BCH is an altcoin clone of bitcoin and it's creators are fraudulently claiming it's real bitcoin. You cannot change the bitcoin protocol without majority miner consensus. The BCH chain was created by a small minority of rogue miners that didn't want to wait for consensus and started mining a new chain with a blocksize increase that is rejected by the original BTC protocol.

[sparveenat]

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?

First thanks for the topic which you posted. I really don't know anything about bitcoin cash now from members reply I got an idea about what is bitcoin cash and what it going to be in near future and its future against Bitcoin.

[JollyGood]

Bitcoin didn't split, BCH is an altcoin clone of bitcoin and it's creators are fraudulently claiming it's real bitcoin. You cannot change the bitcoin protocol without majority miner consensus. The BCH chain was created by a small minority of rogue miners that didn't want to wait for consensus and started mining a new chain with a blocksize increase that is rejected by the original BTC protocol.

Very well put, I agree. I think I might not have used the word 'rogue' when attributing the fork to the specific whales and exchange operators that pushed for the creation of Bitcoin Cash but I suppose that terminology is correct, they were rogue.

[DonateBB]

I think cash is always available to everyone. They are more liquid than BTC and they are less risky than BTC. BTC is just a convenient coin in quick pay between countries. Not suitable for domestic payment.

[okissabam]

I think Bitcoin Cash was created to supposedly clone Bitcoin and probably confuse some into thinking that it would be better than Bitcoin itself. It was one of the whales tactics to manipulate people into buying a newly created coin, thinking the price would be worth more than Bitcoin but sad to say it was not able to beat Bitcoins price even today. People were exchanging their Bitcoins to Bitcoin Cash at first and was actually hodling but some realized it was a trap and others are still hoping it would one day be worth more than Bitcoin.

[jaysabi]

The more you think about it, the more appropriate it becomes as an analogy. Both sides are rather zealous in their representations that they and only they are the true adherents to the original vision of the idea (either Christianity in this example, or the concept of Bitcoin and Satoshi's original vision where Satoshi is practically a prophet), and both sides spend a great deal of time and energy trying to convert people to their side and vilifying the other side as heretics who are corrupting a pure idea for their own gain. In Christianity, it was the Catholic Church that lost its way and was corrupted and in crypto, it's Bitcoin's Board that refuses to address the block size. The spam attack on the BTC blockchain to try and make it unusable is practically a holy war to try and force people into converting to BCH. The way people behave in both religion and the crypto schism between BTC and BCH, from the self-righteous attitudes they take in regards to the other side to the vilifying or attempts to harm the other system, are strikingly similar.

When you put it that way the similarities are stark but there is a fundamental difference  

As it stands Bitcoin Cash is hanging on in there but has not even slightly dented Bitcoin or the enthusiasm surrounding it. If the whales were to create a fork from Bitcoin with a view to helping the community long term then Bitcoin Cash should have been pushed through with a clearer and stronger mandate with advanced attributes not possessed by Bitcoin. Just the desire to show the Bitcoin Board (as you put it) that they could fork and create a new coin was never going to be enough. It seems the Bitcoin Cash creators always had an ulterior motive which was to reap financial benefits that fork would bring but would never part with their Bitcoin regardless. If they really believed in Bitcoin Cash those whales would have got rid of the Bitcoin and that is the fundamental difference between the two scenarios because both those Christian denominations followed their own religious edicts after the split without weaving in and out of each others' teachings and without holding on to the cloth of the other group just in case they needed jump ship and follow the other group.

In this case people who gained Bitcoin Cash as a result of the fork should sell all their Bitcoin and hold their Bitcoin Cash till their hearts content, that is if they actually believe in what they preach. Those holding Bitcoin who did not want the fork but received Bitcoin Cash should by all means sell them and follow the yellow brick road to Oz via Bitcoin.

If I may add, those Lutherans was just confined around Germany, Austria (if my memory serves me right) and didn't gain enough traction from the Catholic community, maybe they swayed a few but Catholics remain the dominant religious group throughout centuries and Lutherans didn't took off as expected.

Similar to what we are seeing today, after the split there was an attempt by BCH fanboys to overthrow Bitcoin, with negative attacks and spamming the bitcoin network, but they didn't succeed. Community knows better who are behind Bitcoin Cash, all greedy individuals who are trying to portray Bitcoin Cash as the new Bitcoin, but what happened? no support from our community. Just like what we have witnessed during the religious schism in the 15th-16th century.

Right, the Lutheran split was an ideological one, I'm not sure they were ever concerned with overtaking Catholicism so much as maintaining a pure ideology and abolishing what they viewed as corrupt practices the Catholic church had adopted (especially the selling of indulgences). Lutheranism may have started in Germany and Austria, but it has a pretty largish following in the US (at least judged by the not insignificant number of Lutheran Churches I see all the time, albeit this is anecdotal). I'd say Lutheranism has become a major subset of the Christian religion, with a congregation numbering over 80 million worldwide. As for the BCH folks, I can't say whether they're ideologically pure or had an ulterior motive that was based entirely on financial gain, or a combination of the two somewhere in the middle. I just find the cultism on both sides to be pretty striking and analogous to historical precedent. The difference here is that BCH does view BTC as an existential threat, and if BCH ever became large enough BTC would view it as one as well I'm sure. And because both sides view it as a zero sum game, both must demonize the other side and battle over the hearts and minds of crypto users.

[Wayan_Pedjeng]

I think cash is always available to everyone. They are more liquid than BTC and they are less risky than BTC. BTC is just a convenient coin in quick pay between countries. Not suitable for domestic payment.

We are not comparing fiat cash with Bitcoin here. Check the topic, it is about a comparison between Bitcoin (BTC) and the forked coin Bitcoin Cash (BCH). None of them can be classified as currencies. They can be called as investment assets.

[JollyGood]

I think Bitcoin Cash was created to supposedly clone Bitcoin and probably confuse some into thinking that it would be better than Bitcoin itself. It was one of the whales tactics to manipulate people into buying a newly created coin, thinking the price would be worth more than Bitcoin but sad to say it was not able to beat Bitcoins price even today. People were exchanging their Bitcoins to Bitcoin Cash at first and was actually hodling but some realized it was a trap and others are still hoping it would one day be worth more than Bitcoin.

Many might not have used the word "trap" but certainly many have realised that no matter how it is dressed up, Bitcoin Cash is NOT a successer to Bitcoin and was not created to help the community. Rather it was created to make the Bitcoin holding whales even more rich.

[Reid]

Lots of negative reactions here and I do agree with them.
I don't really know why it is still standing up until now and I don't really much until I saw this thread.
It should have been dust from the beginning where people only care about selling all their BCH after the fork.
Are there still people expecting for a great value for this coin? I mean, are they still holding it? For what purpose?

[Sitipxz]

BCH was pointless from the very begining. It was created in order to spread FUD while spamming the original network. Bitcoin Cash devs claim that it was created to remove bitcoin's disadvantages but:
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.

[JollyGood]

Lots of negative reactions here and I do agree with them.
I don't really know why it is still standing up until now and I don't really much until I saw this thread.
It should have been dust from the beginning where people only care about selling all their BCH after the fork.
Are there still people expecting for a great value for this coin? I mean, are they still holding it? For what purpose?

As far as the purpose of them (the whales and Asian exchanges) holding Bitcoin Cash is concerned, it is quite simple. The Bitcoin Cash they possess were created as a result of the fork and were evidently "free". They are holding their Bitcoin Cash as collateral to sell off as and when needed to release some FIAT but they are not selling off their Bitcoin because they know their experiment to destroy Bitcoin and to use Bitcoin Cash as its successor failed.

[Nahl]

indeed this is just like useless that after hardfork people still more likely to use bitcoin rather than bitcoin cash and i think this is similar bitcoin cash just like other altcoin with high volume of support but besides that bitcoin cash can consider as the most sucessfully hardfork for bitcoin