QEHedge (OP)
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December 20, 2019, 10:50:53 PM |
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So i heard this guy talking about how Bitcoin Cash is actually the real Bitcoin. He says that Bitcoin is no longer what Satoshi Nakamoto originally proposed in the Bitcoin whitepaper.
1. It was supposed to be Peer to Peer but Segwit is destroying this.
2. On-Chain Scaling was supposed to raise as needed (Block Size)
3. Since Bitcoin scales on Chain , It has fast transactions.
Can i get your input on why he might be right or wrong?
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tsaroz
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December 20, 2019, 11:34:35 PM |
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Things should change according to the need of time. Bitcoin and Bitcoin cash implemented different techniques to solve the (same) problem and are working on independent ways.
As an open source project, there was no ownership of the coin. So to decide which chain would retain the name Bitcoin, it was the one with the highest hashrate, larger number of miners and community.
You can fork a open source project but you can't have it's original git or claim your fork is the original one.
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Kotone
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December 21, 2019, 02:31:46 AM |
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Agreed with @tsaroz, bitcoin adopts its development thru time. Imagine altcoins are beating them down thru Peer to peer attempt.
But IMO, it always bitcoin can retain its original purpose though BCH is a newer and improved on chain solution. In terms of price, If BCH can improved and develop the problem with scalability then good to pick BCH as it van grow more in the future even though its a fork of the original bitcoin.
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QEHedge (OP)
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December 21, 2019, 03:00:26 AM |
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Things should change according to the need of time. Bitcoin and Bitcoin cash implemented different techniques to solve the (same) problem and are working on independent ways.
As an open source project, there was no ownership of the coin. So to decide which chain would retain the name Bitcoin, it was the one with the highest hashrate, larger number of miners and community.
You can fork a open source project but you can't have it's original git or claim your fork is the original one.
But aren't there entities which are changing Bitcoin as we speak right at this moment like Blockstream? It seems like with their investors (such as master card / visa etc) have a significant opportunity to destroy the Bitcoin network by changing the code of it , can they not? Agreed with @tsaroz, bitcoin adopts its development thru time. Imagine altcoins are beating them down thru Peer to peer attempt.
But IMO, it always bitcoin can retain its original purpose though BCH is a newer and improved on chain solution. In terms of price, If BCH can improved and develop the problem with scalability then good to pick BCH as it van grow more in the future even though its a fork of the original bitcoin.
Network effect is very powerful but getting it into the hands of the everyday consumer is a little difficult because people are wary of coins because they still value the coins value in Fiat. |
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BartS
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December 21, 2019, 03:04:02 AM |
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So i heard this guy talking about how Bitcoin Cash is actually the real Bitcoin. He says that Bitcoin is no longer what Satoshi Nakamoto originally proposed in the Bitcoin whitepaper.
1. It was supposed to be Peer to Peer but Segwit is destroying this.
2. On-Chain Scaling was supposed to raise as needed (Block Size)
3. Since Bitcoin scales on Chain , It has fast transactions.
Can i get your input on why he might be right or wrong?
It is obvious that those that support bitcoin cash are going to make those kind of arguments, in my personal view I would have no problem with bitcoin cash as long as they advertised themselves for what they really are, they disagreed with the development and the decisions that the developers of bitcoin were taking and they decided to create a fork and compete against bitcoin to see which solution is the best. But what really bothers many people including myself is that they call themselves the real bitcoin, they cannot fork a project and then claim that they are the original, if they want to back up that claim then they need to beat bitcoin, something they are not even close to achieve. |
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Dart18
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December 21, 2019, 03:31:06 AM |
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It is not. It is just the copy of bitcoin. It came from the fork of bitcoin. So how will you think it is the real bitcoin if the mother just got pregnant and brought out a child which is BCH or bitcoin cash as they call it. It the child now the mother?  That is just how simple it is. Do not extend more explanation about it. |
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Aabcde
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December 21, 2019, 03:42:05 AM |
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The words 'the real one' are very brave to say by bch. I think those words are just reinforcement to find or make the community more solid. Even from the consensus it is clear that bch cannot compete with bitcoin. Bch is nothing more than a game of roger ver to make money. The bigger the community, the more money he can get.
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pakhitheboss
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December 21, 2019, 03:44:17 AM |
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So i heard this guy talking about how Bitcoin Cash is actually the real Bitcoin. He says that Bitcoin is no longer what Satoshi Nakamoto originally proposed in the Bitcoin whitepaper.
1. It was supposed to be Peer to Peer but Segwit is destroying this.
2. On-Chain Scaling was supposed to raise as needed (Block Size)
3. Since Bitcoin scales on Chain , It has fast transactions.
Can i get your input on why he might be right or wrong?
Bitcoin cash and BitcoinSV are both forks of Bitcoin, then how can it be better than Bitcoin. After every five year or so technology needs to get updated accordingly. That is why those updates have been done to increase the efficiency of Bitcoin. Think it in this way your mobile phone gets a new version every year. Hence, Bitcoin has also got a new version. Bitcoin is only one and no one can replace it. |
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knuckey
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December 21, 2019, 03:51:59 AM |
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Before discussing it, is it worth looking at the history of the birth of BCH? Because honestly BCH was born because of dissatisfaction with the adoption of BIP91 but without an increase in block size or improvements to SegWit. So some investors, developers, miners, and some communities want another alternative to split two BTC.
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bobitza
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December 21, 2019, 04:18:47 AM |
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Bitcoin is a cryptocurrency but has real value. You can exchange Bitcoin with cash to spend as needed. Bitcoin can be exchanged directly with Internet-connected devices without going through an intermediary financial institution. Currently Bitcoin has attracted a lot of investors. Bitcoin makes your dream of getting rich quick come true. What are you waiting for, come to the cryptocurrency market.
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iamaruf
Sr. Member
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Activity: 1064
Merit: 265
Vave.com - Crypto Casino
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December 21, 2019, 04:30:55 AM |
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No bitcoin cash is not real bitcoin.I think same statements were given in 2018 by craig Wright.Bitcoin cash is a shit coin.Don't hear anyone statements.
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slashz9
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December 21, 2019, 05:06:01 AM |
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Things should change according to the need of time. Bitcoin and Bitcoin cash implemented different techniques to solve the (same) problem and are working on independent ways.
As an open source project, there was no ownership of the coin. So to decide which chain would retain the name Bitcoin, it was the one with the highest hashrate, larger number of miners and community.
You can fork a open source project but you can't have it's original git or claim your fork is the original one.
nah this one is right,because bitcoin is no longer being developed and will be stuck there, then bitcoin cash or other types will make new developments which will certainly advance crypto and blockchain, no matter people say imitation or something, the longer people will adapt to these conditions. |
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nicolas1979
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December 21, 2019, 05:13:24 AM |
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Bitcoin is bitcoin and bitcoin cash will never become bitcoin, too far to say that. Bitcoin cash is number four in coinmarketcap and need hard work to become number one, even have good progress and combine with many platform bitcoin cash still become bitcoin follower. I see only prediction and nothing's wrong with that, bitcoin keep stay in their position. No developer use bitcoin into their program anymore because they realize number one is bitcoin place.
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Malam90
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December 21, 2019, 05:33:10 AM |
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Bitcoin Cash is the result of Bitcoin Fork. Bitcoin is always Bitcoin and Bitcoin Cash is another coin as you see now but they are meeting different needs. I don't want to be foolish to say Bitcoin Cash is real Bitcoin and Bitcoin is no longer real. Bitcoin will be king in all times. Bitcoin will give birth (fork) many coins like Bitcoin Cash.
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naikturun
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December 21, 2019, 05:36:19 AM |
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depending on the response of each person, if they think so then it will happen, if not then bitcoin will still be a bitcoin, regardless of the development carried out by the coin.
but bitcoin is the first coin and has become a symbol for crypto, it will be difficult to defeat it.
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Sithara007
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December 21, 2019, 05:45:19 AM |
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The pre-2017 Bitcoin has forked in to dozens of coins, including the present Bitcoin, BCH, BTG, BSV, BTD.etc. Each of these coins claim that their version is closer to the original cryptocurrency that Satoshi Nakamoto created in 2009. All of them have points supporting their arguments, and it is left for us to make our assumption regarding which one represents the original Bitcoin. The arguments and debate may go on indefinitely, unless Satoshi Nakamoto suddenly reappears and endorse one of these cryptocurrencies.
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TastyChillySauce00
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December 21, 2019, 05:49:54 AM |
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Just because there's someone with that kind of opinion doesn't make the original Bitcoin any less "Bitcoin" and everyone have their own opinion and vision regarding bitcoin anyway and they are already being facilitated with forks and whether to judge a bitcoin is the real one or not depends on the people themselves but I'd definitely prefer the one that already existed ever since the first emergence of blockchain-based cryptocurrency.
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pikkie
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December 21, 2019, 05:53:51 AM |
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Bitcoin Cash is created from fractions of bitcoin and bitcoin was created earlier than bitcoin cash how can Bitcoin Cash be said to be authentic, I don't think it's possible to be just roger ver who tries to influence traders and make them believe that bitcoin cash is genuine bitcoin .
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mindrust
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December 21, 2019, 06:02:45 AM |
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Check their hash rates... Bcash has %2 of the total SHA256 hashrate while bitcoin has like %97-98. (%1 for bcash sv) In the light of this information, you can say whoever says some other coin is the real bitcoin... is lying and trying to scam you. This is one of those guys: https://bitcointalk.org/index.php?action=profile;u=10310 |
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Vishnu.Reang
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December 21, 2019, 07:10:23 AM |
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Bitcoin Cash is a heavily centralized currency, as it favors the large-scale miners with giant mining farms. On the other hand, Bitcoin Gold is the coin which favors the small scale miners. The current version of Bitcoin falls somewhere in between, but as of now it is moving towards a monopoly by the large scale miners. I am holding almost all of these coins, so I don't want to favor anyone or degrade the others.
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