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Author Topic: Fight between BTC and BCH communities drive away people from cryptos itself.  (Read 783 times)
cellard
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September 14, 2018, 05:19:49 PM
 #41

I don't think that's the main driver as to why there aren't any new people hopping in on the crypto train: the feud has been going on since forever though I know for a fact that newcomers are not exposed to that certain drama. They are all aware of the volatility of the coin and that's what's keeping them from investing and committing wholeheartedly to either of the crypto. If anything, this drama between BCH and BTC supporters are raising sensible questions aside from all the junk and mud that has been thrown, so there's still some good out of it if you look on the brighter side.

While it is true that discrepancies and infighting have been going on for ages within the development of bitcoin, this was never a problem and something to be expected in a decentralized project without a clear leader dictating how things should be.

However the BTC and BCH situation made it palpable to even the average newbie. Before this, the average Joe just had no idea there were controversies, but now they look at two tokens and go like, "what, there's two Bitcoins now?" so you have two tokens competing to be Bitcoin, with very vocal people with their big twitter megaphones confusing the newbies, because anyone that is not a newbie obviously know BCH is as much Bitcoin as Dogecoin is, or any other altcoin that claims to be Bitcoin. But for the inexperienced it's a way to lose money, specially the ones that go into bitcoin dot com.
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September 14, 2018, 05:33:24 PM
 #42

Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.

In the same childish way the coin they call Bitcoin Cash, can be called Bitcoin ABC or Bitcoin Unlimited since these full node clients are by far dominating the distribution.

1202 Bitcoin ABC nodes.
739 Bitcoin Unlimited nodes.
24 Bitcoin XT nodes.

In the end, BCash isn't worth much without Bitmain's deep pockets artificially offering buy support to sustain the price and thus the value of their own +1 million BCash holdings. If they end up splitting in November, it's already clear that the chain having Bitmain on its side will be the real winner. The other chain will turn into the next BTG after a while.
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September 14, 2018, 05:59:33 PM
 #43

I agree with you that these fights can not bring a good feeling to potential investors. Both sides have strong power and difficulty, but we all know  the attraction and support of the community its normal.
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September 14, 2018, 06:44:50 PM
 #44

Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.

In the same childish way the coin they call Bitcoin Cash, can be called Bitcoin ABC or Bitcoin Unlimited since these full node clients are by far dominating the distribution.

1202 Bitcoin ABC nodes.
739 Bitcoin Unlimited nodes.
24 Bitcoin XT nodes.

In the end, BCash isn't worth much without Bitmain's deep pockets artificially offering buy support to sustain the price and thus the value of their own +1 million BCash holdings. If they end up splitting in November, it's already clear that the chain having Bitmain on its side will be the real winner. The other chain will turn into the next BTG after a while.

And you have to add now Bitcoin SV (Satoshi Vision) which will be the client developed by Craig Wright's group. I think he will also provide mining, how much hashrate are they willing to bet on it? that I don't know, but apparently Craig Wright has some "some computer miners".

It doesn't look to good for BCash camp, now that they will have a split within the split and not only in terms of the reference client, but for the hashrate itself, since they will actually fork for Bitcoin SV into a new token...
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September 14, 2018, 07:04:59 PM
 #45

Bitcoin Cash, Bitcoin ABC, Bitcoin SV... However will we decide which one is the "Real Bitcoin" when they can't even decide themselves?

Maybe, just maybe, the real bitcoin is... bitcoin?
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September 14, 2018, 08:08:16 PM
Last edit: September 14, 2018, 08:25:50 PM by 1Referee
 #46

Bitcoin Cash, Bitcoin ABC, Bitcoin SV... However will we decide which one is the "Real Bitcoin" when they can't even decide themselves?

Maybe, just maybe, the real bitcoin is... bitcoin?
The longest running chain + the network with the most POW running is Bitcoin. If people (aside from the BCash camp) thought that BCash was it, they would switch to that coin. In other words, BTC is the only Bitcoin.

And you have to add now Bitcoin SV (Satoshi Vision) which will be the client developed by Craig Wright's group. I think he will also provide mining, how much hashrate are they willing to bet on it? that I don't know, but apparently Craig Wright has some "some computer miners".

It doesn't look to good for BCash camp, now that they will have a split within the split and not only in terms of the reference client, but for the hashrate itself, since they will actually fork for Bitcoin SV into a new token...
Initially nChain might have some ground to stand on IF Coingeek is willing to side with them. Coingeek minted over 33% of the blocks in the last 24 hours, so they are quite a significant player. I however don't believe that Coingeek is willing to support something that has no economical viability to it.

They are barking right now, but it's a money matter at the end of the day, and I'm pretty sure that they are willing to shut up as long as they can be a major player on the dominant chain. If you go with nChain, you can be sure of the fact that another split will occur within 12 months, because these idiots won't rest before they can claim 100% of development and have everyone bend over for them.

Jihan even labelled Craig as a Blockstream spy. Some others even say that Craig's side is worse than what the Core developers stand for. Cheesy
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September 14, 2018, 09:39:18 PM
 #47

We could see the fights between BTC and BCH community members accusing each other's coin and spreading negative thoughts about the crypto market itself as a whole.Each coin dev as well as its supporters wants to show the other coin down.It makes people who wish to enter crypto loose their faith in cryptos and stay back.

Come on guys,even if we wish or not we all are sailing in the same crypto environment boat.Don't accuse each other or else we all have to sink one day or another.
To me that is not a problem, new people that want to enter in this market are not really that informed about all of what is happening so for them that is not a factor that they consider when they think about investing in bitcoin or other cryptocurrencies, and for the people that are really informed about this such a small disagreement is not going to keep them away from this market, so as you can see I do not see either of those groups been affected too much by such a fight.

The investment in the market of cryptocurrencies has gone down because people are afraid, people are afraid that they're going to lose their money if the market of cryptocurrencies crashes again, but as soon as the market begins to show a recovery you will see all of those people coming back.
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September 14, 2018, 09:42:33 PM
 #48

Anything that spurs conflicts between any community relating to crypto will inevitably confuse people so it makes sense that any conflicts between BTC and BCH will play a negative role for crypto.
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September 14, 2018, 09:58:27 PM
 #49

What fight? BCH is not like one of the fleas riding a dog (BTC) that thinks it's bigger and stronger than the rest because it's on a dog's head. Imagine a tiny flea with Ver's face  jumping and screaming: "Look, I'm on top of the world, I'm even higher than the dog!" Grin
Speaking of dogs, I've seen the number of transactions on a couple coins and dogecoin had more of them than BCH. Something around 25k vs 14k of BCH. What a joke.

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September 15, 2018, 07:40:41 PM
 #50

Fanaticism will only make us become stupid and easily offended, which usually leads to fight, they’re not aware or don’t even care of the impact may occur. Actually without even having to interfere each other there will be no problem between BTC and BCH because they already have their own markets and let this competition runs sportive and peacefully, because we are civilized and knowledgeable people.
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September 15, 2018, 08:23:57 PM
 #51

Is the bitcoin.com website doing that kind of manipulation?

That's exactly what they are doing. They call "Bitcoin Cash" "Bitcoin", and they call "Bitcoin" "Bitcoin Core". Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.

But this is their debate, which I sometimes see myself agreeing with. "No one owns the name Bitcoin, everyone is free to use it". This is very true, BUT it will not matter because what the "real Bitcoin" is is a social construct. "Bitcoin" is the people.

But they have the right to call it "also" Bitcoin, but it would not be right for them to call it the "real" Bitcoin.

I think it's a complex issue. To me, it boils down to ethical considerations, particularly around hard forks.

On one hand, you can take the position that no hard forks are legitimate. Since a hard fork removes rules and is therefore incompatible, consensus requires every node operator to agree to the changes -- they need to change software to affirmatively agree. That's completely impossible to accomplish prior to a fork, and harder yet everyday as Bitcoin's network grows. As a result, hard forks depend on the economic majority coercing the minority into accepting incompatible changes. If you take the position that hard forks are altcoins, then I think you can legitimately say that "BCH can't be called Bitcoin."

On the other hand, you can accept that hard forks are legitimate. That is, you believe the Bitcoin software can be hard forked and still be called "Bitcoin." If that's the case, things can get a lot more complicated. Can't you imagine a situation where two groups might disagree on a proposed consensus change? If incompatible changes are on the table, why should any one group have the authority to say, "only we, the chosen disciples, get to decide how to interpret the holy whitepaper?" What if the economic majority is on the side of the more radical change from the original protocol?

It's a lot easier when we can stick to questions of validity when deciding what Bitcoin is.

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September 15, 2018, 08:24:58 PM
 #52

Any smart investor coming to Crypto will first and foremost knock at the door of BTC before any other coin. Well the fight for supremacy between BTC and BCH shouldn't be a factor to repel any investors. The battle will always be there.
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September 15, 2018, 08:45:29 PM
 #53

Speaking of dogs, I've seen the number of transactions on a couple coins and dogecoin had more of them than BCH. Something around 25k vs 14k of BCH. What a joke.
Roger once addressed that by simply saying that the total fiat value of the transactions themselves and the trading volumes of Bcash were higher in both aspects, which is true but there are more ways of looking at this.

Roger also believes small transactions are important, which is what most people use dogecoin for, but he completely ignored it which just shows how he's cherry picking just to 'validate' his own points.

There are more than a dozen of coins with more on-chain transaction activity than Bcash, and he keeps ignoring all of them. He must be so high on his own supply that he really believes Bcash is the best on-chain money.

BSV is not the real Bcash. Bcash is the real Bcash.
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September 15, 2018, 08:47:58 PM
 #54

Though I haven't seen any fight between BCH and BTC community, maybe only BCH owner claimed BCH is better than Bitcoin. A true bitcoin supporter won't fight with any other coins, because at the end of the day, we all know, we need bitcoin more than anything in the crypto field.

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September 16, 2018, 03:38:26 AM
 #55

Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.

In the same childish way the coin they call Bitcoin Cash, can be called Bitcoin ABC or Bitcoin Unlimited since these full node clients are by far dominating the distribution.

1202 Bitcoin ABC nodes.
739 Bitcoin Unlimited nodes.
24 Bitcoin XT nodes.

In the end, BCash isn't worth much without Bitmain's deep pockets artificially offering buy support to sustain the price and thus the value of their own +1 million BCash holdings. If they end up splitting in November, it's already clear that the chain having Bitmain on its side will be the real winner. The other chain will turn into the next BTG after a while.

And you have to add now Bitcoin SV (Satoshi Vision) which will be the client developed by Craig Wright's group. I think he will also provide mining, how much hashrate are they willing to bet on it? that I don't know, but apparently Craig Wright has some "some computer miners".

It doesn't look to good for BCash camp, now that they will have a split within the split and not only in terms of the reference client, but for the hashrate itself, since they will actually fork for Bitcoin SV into a new token...

it is about getting people to come in and never about providing the hashrate yourself! otherwise there wouldn't be any profit in it. i suppose they are going to do the same trick BCH did by manipulating the difficulty to create that incentive for miners to start mining it.
and all the advertisement going into SV by calling CW real Satoshi,... is the build up to that. and all these forks are only serving one purpose and that is to make millions of dollars profit in a very short time.

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September 16, 2018, 05:52:14 AM
 #56

Though I haven't seen any fight between BCH and BTC community, maybe only BCH owner claimed BCH is better than Bitcoin. A true bitcoin supporter won't fight with any other coins, because at the end of the day, we all know, we need bitcoin more than anything in the crypto field.


This fight is over a long time ago. Bch did have a good run last year when it was hyped up by statements from roger ver, that posed a challenge to btc but that didn't actually last very long. And when bitcoin made the late year rally, people forgot about bch.

 
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September 16, 2018, 07:35:41 AM
 #57

Fighting over which one is better? This is so ridiculous fighting won't change the fact that in crypto space the higher the demands the better, they don't have to fight it out ,time will tell if bch can win over bitcoin and I doubt its ever going to happen.

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September 16, 2018, 07:55:04 AM
 #58

Bitcoin Core is software, not a coin, as everyone knows. They deliberately obfuscate the matter to trick newbies in to buying Bitcoin Cash.

In the same childish way the coin they call Bitcoin Cash, can be called Bitcoin ABC or Bitcoin Unlimited since these full node clients are by far dominating the distribution.

1202 Bitcoin ABC nodes.
739 Bitcoin Unlimited nodes.
24 Bitcoin XT nodes.

In the end, BCash isn't worth much without Bitmain's deep pockets artificially offering buy support to sustain the price and thus the value of their own +1 million BCash holdings. If they end up splitting in November, it's already clear that the chain having Bitmain on its side will be the real winner. The other chain will turn into the next BTG after a while.

But now they are either very low on Bitcoins or out of Bitcoins, because rumors has it that their IPO is a "scam" to replenish their empty coffers to continue on in supporting Bitcoin Cash.

They might also be holding a large inventory of obsolete mining hardware, which franky1 refuted in this topic, https://bitcointalk.org/index.php?topic=5023556.0

But let's wait for Bitmain's Q2 and Q3 numbers.

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September 16, 2018, 10:51:32 AM
 #59

Though I haven't seen any fight between BCH and BTC community, maybe only BCH owner claimed BCH is better than Bitcoin. A true bitcoin supporter won't fight with any other coins, because at the end of the day, we all know, we need bitcoin more than anything in the crypto field.

Because there is no fight. Roger ver is using some strange tactics to promote BCH. Remember when BCH was coming out and somebody was spamming Bitcoin network with microtransactions to make it slower? If you add that Ver worked together with Bitmain it's all starting to make sense. Bitmain got what it deserved and lost money on BCH. The world is back in balance.
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September 16, 2018, 11:15:20 AM
 #60

We could see the fights between BTC and BCH community members accusing each other's coin and spreading negative thoughts about the crypto market itself as a whole.Each coin dev as well as its supporters wants to show the other coin down.It makes people who wish to enter crypto loose their faith in cryptos and stay back.

Come on guys,even if we wish or not we all are sailing in the same crypto environment boat.Don't accuse each other or else we all have to sink one day or another.

you cant avoid token being ina conflict against each other, the problem lies in the zero sum games, for market attention, market acceptance.

the war will never end especially since they try to gain as much value as possible.

but its true in general the fights between major leading cryptos is destroying them, altogether.

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