JollyGood (OP)
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June 13, 2018, 02:45:13 PM |
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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. Bitcoin Cash needed to be sold to the community so "reasons" were created that were used to push it. Most of the community rejected Bitcoin Cash as the "real" Bitcoin but accept it as a low-level fork that is not superior in any way shape or form to Bitcoin. Bitcoin Cash is nothing more than a fork that was created a group of people who tried to portray themselves as the making somethiung what Satoshi would have wanted but nobody believes them.
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tsagaeff.m
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June 13, 2018, 02:48:49 PM |
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Of course, bitcoin, as after the widespread introduction of the lighting network, it will lose its main problem and bitcoin cash will not be able to offer anything
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FlexBrah
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June 13, 2018, 03:09:34 PM |
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I think bitcoin cash has no future. A block of 8 mb does not solve the scalability problem, and the protocol of the original bitcoin becomes better with time. Consequently, this hardfork was beneficial only for large players to increase their BTC.
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Nagibator007
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June 13, 2018, 03:17:59 PM |
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Oh, that's a good question, I was thinking about that too. personally, I can not yet accurately determine too little information about Bitcoin Cash. I need to read something else besides this forum for this reason.
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JollyGood (OP)
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June 13, 2018, 03:18:29 PM |
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Of course, bitcoin, as after the widespread introduction of the lighting network, it will lose its main problem and bitcoin cash will not be able to offer anything
That is what many observers say
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stetym
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June 13, 2018, 06:30:32 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?
As bitcoin became popularized and blocking technology as a whole, the increased number of transactions led to an increase in the time for their confirmation. The side effect was the growth of commissions for operations.
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JollyGood (OP)
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June 13, 2018, 07:08:43 PM |
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As bitcoin became popularized and blocking technology as a whole, the increased number of transactions led to an increase in the time for their confirmation. The side effect was the growth of commissions for operations. Bitcoin is king regardless of transaction confirmation times. Lightening protocol will put that issue straight ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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witch
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June 13, 2018, 07:12:10 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?
I see Bitcoin Cash (Bash ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ) only as a dividend for hodling Bitcoin. It does not matter how hard Roger Ver is trying to establish Bcash as the new Bitcoin. In the end Bitcoin always wins.
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JollyGood (OP)
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June 13, 2018, 07:22:45 PM |
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I see Bitcoin Cash (Bash ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) ) only as a dividend for hodling Bitcoin. It does not matter how hard Roger Ver is trying to establish Bcash as the new Bitcoin. In the end Bitcoin always wins. Ver hates the name Bcash https://www.youtube.com/watch?v=oCOjCEth6xI![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi66.tinypic.com%2F2co3aqp.png&t=665&c=qI8E8AnsmBXZuw)
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Jana Wood
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June 13, 2018, 07:25:25 PM |
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Now while these two bitcoins are very unstable. I think a good growth of these coins will be by the end of the year. Approximately such terms.
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JollyGood (OP)
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June 13, 2018, 07:36:10 PM |
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Now while these two bitcoins are very unstable. I think a good growth of these coins will be by the end of the year. Approximately such terms.
What are you views about Bitcoin Z and Bitcoin Atom and Bitcoin Gold?
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isaevArb
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June 13, 2018, 08:10:39 PM |
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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. Bitcoin Cash needed to be sold to the community so "reasons" were created that were used to push it. Most of the community rejected Bitcoin Cash as the "real" Bitcoin but accept it as a low-level fork that is not superior in any way shape or form to Bitcoin. Bitcoin Cash is nothing more than a fork that was created a group of people who tried to portray themselves as the making somethiung what Satoshi would have wanted but nobody believes them. But you see, Ver with his squad were perfectly prepared and he did it right - he finally sold those coins which were destributed for free. Smart badass ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) And it is not correct that there are no supporters - there are hundreds of them, they are angry, they are hungry, cuz they need to sell at $4000 where some of them bought ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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kostepanych2
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June 14, 2018, 09:09:17 AM |
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The purpose of creating Bitcoin Gold is the same as the purpose of creating any other altcoin - speculation and making money. Bitcoin Gold is now on top 10 and it means that it's very successful altcoin. But it will never beat Bitcoin...
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JollyGood (OP)
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June 14, 2018, 10:39:50 AM |
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The purpose of creating Bitcoin Gold is the same as the purpose of creating any other altcoin - speculation and making money. Bitcoin Gold is now on top 10 and it means that it's very successful altcoin. But it will never beat Bitcoin...
Exactly because Bitcoin Gold is a fork. Bitcoin is king ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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lovenlifelarge
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June 14, 2018, 10:45:03 AM |
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I am not a fan of Bitcoin Cash, but considering the factor that it may grow more compare to the original, the potential is higher, but I dont like the people behind it. They are look sketchy.
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tranhungdao068
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June 15, 2018, 05:16:08 PM |
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BitcoinCash is just a clone of Bitcoin but with faster and cheaper transtactions.
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Aksagenerate
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June 15, 2018, 05:23:47 PM |
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Bitcoin cash is openly biggest fraud in cryptoccurency, all coins at the top with bitcoin are fighting with fiat just bitcoin cash is fighting wiht bitcoin and it damage image of cryptocurrency.
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JollyGood (OP)
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June 15, 2018, 08:35:08 PM |
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BitcoinCash is just a clone of Bitcoin but with faster and cheaper transtactions. Maybe true in the past and maybe true as of now but when lightening protocol is implemented in Bitcoin then Bitcoin Cash with fade away becoming as relevant as something like Dogecoin unless Ver implements the same lightening protocol in Bitcoin Cash after the Bitcoin team do all the hard work first. If Ver does copy the lightening protocol for Bitcoin Cash then it will become irrelevant any because it would defeat the objective of the main reason it was created (speed and low tx fees)
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sdifuasjnz8888
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June 16, 2018, 09:13:44 AM |
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Bitcoin Cash is continuing the way Bitcoin was designed to progress. BTC is making a massive experiment into an entirely different system based on different principles.
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JollyGood (OP)
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June 16, 2018, 09:56:45 AM |
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Bitcoin Cash is continuing the way Bitcoin was designed to progress. BTC is making a massive experiment into an entirely different system based on different principles.
If what you say is true then it means when lightening protocol is implemented by Bitcoin is makes all the reasons Bitcoin Cash was created and promoted, effective void and does not need to exist.
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