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Author Topic: Why bitcoin cash (BCH) is a poor idea.  (Read 226 times)
miroslavt
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May 01, 2018, 06:46:44 AM
 #21

Even then if you see the recent growth, it has left many strong coins way behind. I think it has almost doubled in last one month only and still going strong.
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May 01, 2018, 12:16:54 PM
 #22

I agree with this even if I do not like bitcoin cash and I think the core developers are right in their vision anyone has the right to fork the code and make changes to bitcoin if they think that is going to improve the network, then all becomes a matter of which one is the superior product if the ones that created bitcoin cash are right we will find out in the next 5 or 10 years maybe less, but if the core developers are right we will find out in the same amount of time, either way we win since we get a stronger bitcoin as a result.

I sort of stand in the same boat, BCH is a good experiment and it is good to have another roadmap going for cryptocurrency as a whole. Whichever option is the best solution will exist to keep dominating in years to come.
Personally I wish we just went with the Segwit2x fork and everybody agreed on it. This kind of infighting and bad press is terrible for us as a community and it has to end

This will never end

The reason? The reason is quite simple, really. People are greedy (yeah, kind of obvious), and some of them have particularly inflated egos at that, which makes compromise nearly impossible. As there is no "headmaster" or dictator (or even Linus Torvalds' style benevolent dictator), infighting and intriguing (as well as counter-intriguing) should be considered normal as long as there's more than one person involved. When inflated egos and hurt feelings are concerned, the voice of reason is silenced and no longer heard. This is even more so if we consider personal economic interests which may go in quite the opposite direction to the long-term needs and goals of the project itself
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May 01, 2018, 12:35:46 PM
 #23

I agree with this even if I do not like bitcoin cash and I think the core developers are right in their vision anyone has the right to fork the code and make changes to bitcoin if they think that is going to improve the network, then all becomes a matter of which one is the superior product if the ones that created bitcoin cash are right we will find out in the next 5 or 10 years maybe less, but if the core developers are right we will find out in the same amount of time, either way we win since we get a stronger bitcoin as a result.

I sort of stand in the same boat, BCH is a good experiment and it is good to have another roadmap going for cryptocurrency as a whole. Whichever option is the best solution will exist to keep dominating in years to come.
Personally I wish we just went with the Segwit2x fork and everybody agreed on it. This kind of infighting and bad press is terrible for us as a community and it has to end

This will never end

The reason? The reason is quite simple, really. People are greedy (yeah, kind of obvious), and some of them have particularly inflated egos at that, which makes compromise nearly impossible. As there is no "headmaster" or dictator (or even Linus Torvalds' style benevolent dictator), infighting and intriguing (as well as counter-intriguing) should be considered normal as long as there's more than one person involved. When inflated egos and hurt feelings are concerned, the voice of reason is silenced and no longer heard. This is even more so if we consider personal economic interests which may go in quite the opposite direction to the long-term needs and goals of the project itself

Investors who bought BCH are not a real investors because they just want to make money easily and really that is greed. Well, BCH is not really poor in terms of its technology but the real idea here bch is just a hype coin that can control by those people behind it. People will continue to ride this coin because of the pump and dump situation, just make sure if you are planning to but this coin you know when to exit.
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May 05, 2018, 06:33:19 AM
 #24

Even then if you see the recent growth, it has left many strong coins way behind. I think it has almost doubled in last one month only and still going strong.
Bitcoin cash is not as good as bitcoin and the only problem that I have with this coin is it thinks it is better than bitcoin while the reality is not anywhere near to this. But if we compare with other altcoins or even the top altcoin Ethereum, it is a way better than that in producing profit. It is more volatile than most of the altcoins and produces good profit. It has more potential to accelerate.
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May 05, 2018, 06:49:30 AM
 #25

Bitcoin cash - it is not poor idea. I could not say that something with such huge price - bad idea.

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May 05, 2018, 07:06:11 AM
 #26

I think larger block size is a good idea, who cares about storage nowadays when you could buy 4TB HDD for about $100. Meanwhile segwit + LN is unproven technology. Speaking of centralization, kindly follows this discussion.
I hold both BTC and BCH in case one fails. It's not mutually exclusive anyway..



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May 05, 2018, 07:17:27 AM
 #27

Bitcoin cash - it is not poor idea. I could not say that something with such huge price - bad idea.
The prices are depends on the demand of that coin not the technology behind it so if the demnd will get decreased the price will fall soon.I think the people are investing on the BCH to make some quick profits like what happened with the XRP few moths back but nit the orice of ripple had fallen pretty much so it won't take too longer to happen with BCH also,so please invest on the real coins not on the forked coins.

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May 05, 2018, 07:23:21 AM
 #28

Some people argue that the idea of using bitcoin in cash is a bad idea because they think bitcoin is a digital coin that is created by miners and traded through machines and accounts. Instead of cash, the inherent properties of it will be lost, so they say
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May 05, 2018, 07:27:57 AM
 #29

Bitcoin cash - it is not poor idea. I could not say that something with such huge price - bad idea.
The prices are depends on the demand of that coin not the technology behind it so if the demnd will get decreased the price will fall soon.I think the people are investing on the BCH to make some quick profits like what happened with the XRP few moths back but nit the orice of ripple had fallen pretty much so it won't take too longer to happen with BCH also,so please invest on the real coins not on the forked coins.

I thought that technology of Bitcoin and Bitcoin Cash the same? And most of people in crypto looking for profits, so price it is the most important thing!

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May 05, 2018, 07:32:22 AM
 #30

Personally I don't think it's a good idea because the vast majority of people, the regular public would be confused by it. You have Bitcoin, and now there's this other thing called Bitcoin cash.

Also Moore's Law is pretty much dead in the next few years.
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May 05, 2018, 07:36:41 AM
 #31

Personally I don't think it's a good idea because the vast majority of people, the regular public would be confused by it. You have Bitcoin, and now there's this other thing called Bitcoin cash.

Also Moore's Law is pretty much dead in the next few years.
But some people have made good money with Bitcoin Cash already, it means that it was good idea for this people:)

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May 05, 2018, 07:40:02 AM
 #32

Bitcoin is not a substitute for cash because its value is too great. While the costs, activities of people are very small and many things. How can people accept a currency that they use it very hard? They do not know how to pay it.

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jseverson
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May 05, 2018, 02:18:18 PM
 #33

I thought that technology of Bitcoin and Bitcoin Cash the same? And most of people in crypto looking for profits, so price it is the most important thing!

They used to be, but Bitcoin Cash changed a few things. They're still pretty similar though. Its scaling approach is also significantly different, and that's what's going to make or break both coins in the near future. I can't deny that most people in crypto are in this for profits, but some genuinely believe in the technology. You have to realize that this will determine price in the end too, because one way or another, one of them is likely to become obsolete.

But some people have made good money with Bitcoin Cash already, it means that it was good idea for this people:)

Lmfao that's such a simplistic but true way of looking at it, and is especially true of Bitcoin Cash's creators. The topic, however, is about the reasons why Bitcoin Cash's scaling solution is a bad idea.

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May 05, 2018, 02:30:06 PM
 #34

The main idea behind BCH is that they are going to allow as many transactions as possible to allow micro-transactions to take place for a low fee. 
bitcoin cash is already charging fee and free transactions are impossible on that chain because they removed the possibility of it, just like how bitcoin did! but with the difference that bitcoin blocks are full but BCH blocks are completely empty! so they are overcharging for fees no matter how much it is.

Quote
If BCH is going to become centralized, why not just use a fee-less centralized system with off-chain transactions.  https://www.fliptopay.com/ . I noticed this site.  Basically you transfer bitcoin to a centralized wallet.  From there you have virtual bitcoin and can convert to USD or Euros.  There you can use the currency at any android pay store.  Note this is not fee-less, but it easily could have been.  blockchain.info wallet is basically off-chain.  All transactions on these type of sites, between its users and stores, are off-chain, and take zero space or fees on the chain.  Yet they work instantaneously.
if you want to use a centralized system then why use bitcoin at all? use other centralized ones that use fiat. for example Paypal, Visa,... are good enough. you don't need to trust a shady website that is unknown!

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May 05, 2018, 02:53:41 PM
 #35

Bitcoincash has had a good price increase recently,although dropped by double digits today, so there must be a good core of investors interested in this coin.

I wouldn't call it investors in bitcoin cash, that would assume that they're in it for the long haul. I would call them day traders or speculators, they are people who are trying to pump the coin for a short amount of time and them dump it once it reaches their price zone.

Bitcoin Cash also gets a massive amount of advertisment just be being the #2 bitcoin, this is because their marketcap is high (due to the fork form the bitcoin chain) which forces them to look like they have a ton of people involved. When they really have a pretty small volume of traders.

Bitcoin Cash is a fraud and scum on this community trying to trick people into thinking that they are bitcoin, which isn't true in the least.
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May 05, 2018, 02:54:14 PM
 #36

Good points made here, and I would also argue that what we don't need is another altcoin, especially not another fork of bitcoin.  I don't think BCH offers any real advantages over bitcoin (or any of the many cryptos already on the market), so the bottom line that we don't need it.

On the other hand, lately I've seen a few merchants begin accepting BCH, so that isn't a bad thing.  It never is when businesses expand the number of coins they'll accept, and the low fees don't hurt...except currently bitcoin's fees are quite low.  Who knows if that's going to continue.  We've seen times when bitcoin is practically unusable because of fees. 

Anyway, BCH never was and never will be a viable competitor to bitcoin.  It doesn't have the community, and that's probably the most important factor.  If people don't even want to own a coin, it's chances for ever getting used for something other than speculating are nil.
Copycats never won over original,bitcoincash eagerness to took over bitcoin wont come to reality,and will remain as dream of roger ver..

I dont care about whats the story about this copied coin but what im concern is the desperation of ver over bitcoin,that he will do anything just to make bitcoin down..though for sure will never happen as long as were supporting and trusting bitcoin

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May 24, 2018, 09:27:59 AM
 #37


It is very obvious to me that BCH is nothing but a distraction to BITCOIN and a ploy to destabilize the progress made by bitcoin over years.
The effort used in creating BCH should quickly be directed to bitcoin to create more awareness and general acceptance as soon as we achieve this bitcoin is good to go

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May 24, 2018, 09:31:20 AM
 #38

Well, if what you say is true then people who have BCH will be screwed in the long run. But then again we don't know what will happen in the future. Maybe they can find a way for BCH to still be decentralized and keep accepting micro transactions. But for myself, i only see the peicw and if the price still increases then I'm still holding.

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May 24, 2018, 09:34:03 AM
 #39

Bitcoin cash - it is not poor idea. I could not say that something with such huge price - bad idea.
i am prefer to not say it.some people assume that bitcoin just a shitcoin but some people say that it better than bitcoin.so it back to our own personallity, prefer which one of this choice.
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May 24, 2018, 09:40:53 AM
 #40

I agree that BCH does not carry an innovative idea. I believe that it was created to attract attention to bitcoin. This is a classic example of the phenomenon of Pump and Dump, because the course jumps are similar to artificial inflation and collapse.

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