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Author Topic: Here's why BCH/BSV lovers constantly attack BTC...  (Read 514 times)
cryptosize (OP)
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February 12, 2024, 05:12:43 PM
Merited by nutildah (3), pooya87 (2)
 #1

They do not believe in free market economics (letting the free market decide which chain is more valuable).

Free market dictates that the BTC blockchain is the most valuable in terms of token value AND hashrate amount (security).

They do not like the fact that big block chains (BSV, BCH) have miniscule hashrate compared to BTC, which makes them prone to 51% attacks:

https://www.coindesk.com/markets/2021/08/04/bsv-suffers-51-attack-report/
https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink

I hope this clears up the whole situation. Smiley
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February 13, 2024, 12:29:03 PM
Last edit: February 14, 2024, 05:16:06 AM by DapanasFruit
 #2


Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit. They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink I hope this clears up the whole situation. Smiley

Actually, people are attacking Bitcoin because they are in reality supporting something else as if they can be able to diminish Bitcoin by using that strategy. They will fail, of course. Nothing can stop Bitcoin and its critics will eventually accept that fact of life. There is nothing wrong with supporting or promoting aside from Bitcoin, and that is why we have thousands of altcoins around. What they don't understand is that without Bitcoin, BCH and BSV and the rest of the gang will not be here if Bitcoin did not paved the way. No Bitcoin, no alts...that is the arrangement and not the other way around. These people are just wasting their time but then if they got nothing better to do then let's just let them so they got something to enjoy!

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February 13, 2024, 01:21:54 PM
 #3

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink

I hope this clears up the whole situation. Smiley

I use to hear people say this that what you cant become, then you become jealous of it, that is the same explanation needed in making an interpretation between bitcoin and BCH, anything that is not like the way we are are, cannot perform the same role we play, their fork is not a complete victory that they have gained access over what bitcoin is to the people and the economy, that is why BCH is nowhere to be found wherever bitcoin appears.



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February 13, 2024, 04:04:40 PM
 #4

Far from the conspiracy theory, or they believe that Bitcoin is the real currency, and it is the same narrative that supporters of the dollar repeat, as they believe that the currency must be from the central bank to have value, and Bitcoin has no value for that. What distinguishes Bitcoin is continuous development instead of searching for Fast solutions, as both (BSV and BCH) provided quick solutions to the problem of high fees, but they did not continue to develop, which made them lose the advantage of low fees, while Bitcoin continued to develop, so it gained greater value, and the day may come when a cryptocurrency exceeds Bitcoin in terms of market value if it continues to develop.

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February 14, 2024, 12:29:07 AM
 #5

The average person has heard of bitcoin, but the average person has never heard of BCH, BSV, ethereum, etc.  
Most people will tell you they have heard of bitcoin when asked but will say no if you ask them about ethereum or any other altcoin.

It has been 6 years since I got into crypto and I still struggle to think of anything useful you can do with ethereum other than buying stupid NFTs, running scam projects and rugpulls.

Bitcoin is a household name. No other crypto has such name recognition because everything else is worthless centralized garbage.



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February 14, 2024, 01:28:12 AM
 #6

Why, is there still a need to clear this up? Is the situation not yet clear until now? I think this is an old issue that no longer requires further explanation and clarification. The debate has been subjected to the free decision of the market and the crypto community, and the decision is to stick to the original Bitcoin and to let these low quality copycats die a natural death. Let the developers of these forks continue to try keeping it alive but they will eventually realize it's pointlessness.
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February 14, 2024, 03:41:18 AM
 #7

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink
This isn't even relevant. Forks are a means to an end: making profit.

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February 14, 2024, 04:09:23 AM
 #8

I was around when segwit was activated and it was the birth of Bitcoin cash. And at the time it was highly unprofitable to mine bitcoin and very profitable to mine Bitcoin cash.


BCH algo was different and the retarget was quicker but Bitcoin was still 2 weeks. So blocks got awfully long at times and people were worried that the chain might stop. However some loyal miners stayed on the unprofitable bitcoin chain and it survived. It was a scary time for Bitcoin.

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February 14, 2024, 04:51:09 AM
 #9

I hope this clears up the whole situation. Smiley

What? Lmao. I don't think you are not telling us anything new for the people of the forum, in any case what you say may be informative for those who don't know about blocksize wars.

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

Well, I think that some people will think that their bitcoin (fork) is true, even if the market goes in the other direction.

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February 14, 2024, 03:47:52 PM
 #10

You forgot to say why you started this topic, for example is there something new happening or have they started "attacking BTC" recently that you needed to clear things up here? I'm asking because I haven't seen any new attempts but also I don't follow this stuff that closely.

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink
Technically what they wanted was control and money. They don't have the first and have very little of the second. They wanted to create a shitcoin they controlled and gain a lot of popularity to have others use their garbage.
But what they forgot was that utility is what attracts solid demand, useless junk that is a copy of Bitcoin is not offering anything new to attract that type of demand. It only attracts short term gamblers who would dump their coin very quickly.

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cryptosize (OP)
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February 14, 2024, 05:30:29 PM
 #11

You forgot to say why you started this topic, for example is there something new happening or have they started "attacking BTC" recently that you needed to clear things up here? I'm asking because I haven't seen any new attempts but also I don't follow this stuff that closely.
https://bitcointalk.org/index.php?action=profile;u=400626;sa=showPosts
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February 14, 2024, 05:42:32 PM
 #12

Why do you even care? These chains aren't relevant anymore. Even if BTC fails because of the high fees, people still won't use these possibly centralized projects. People would rather prefer to use the alts that have good reputation like Monero and Litecoin instead. (Monero is getting banned from the exchanges though) Even Doge is better than the BCH/BSV duo. Still though, if I had to make a decision between these two (bch and bsv) I would go with bch because bsv is absolute crap. It is pure insanity.

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February 14, 2024, 11:59:13 PM
 #13

They attack BTC and want to still its brand because they are a cult that blindly follows their leaders (Ver/CSW) and because they are holding their shitcoin bags and hope that they will pump if their shitcoins "becomes Bitcoin". Some of them probably invested in those scams when they were at their peak or even just a lot higher than currently, and are now desperate to at least break even, which will never happen. There's also a good dose of conspiracy theories that attack Bitcoin devs, and everyone knows how toxic and irrational conspiracy theorists tend to be.

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February 15, 2024, 12:58:46 AM
 #14

I was around when segwit was activated and it was the birth of Bitcoin cash. And at the time it was highly unprofitable to mine bitcoin and very profitable to mine Bitcoin cash.


BCH algo was different and the retarget was quicker but Bitcoin was still 2 weeks. So blocks got awfully long at times and people were worried that the chain might stop. However some loyal miners stayed on the unprofitable bitcoin chain and it survived. It was a scary time for Bitcoin.

I didn't think it was a scary time, personally.  There have been quite a few forks over the years since I read about it during the summer of 2010.  Things that were potentially scary were the overflow bug in August 2010, but it was resolved quickly.  Ditto the March 2013 fork which also was resolved quickly.  😀. Everything else was pretty much ignored by bitcoin.

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February 15, 2024, 01:08:54 AM
 #15

They do not like the fact that big block chains (BSV, BCH) have miniscule hashrate compared to BTC, which makes them prone to 51% attacks:

They already have what they want (big blocks in forked/worthless chains), but not in their preferred chain (BTC). Wink
They cloned Bitcoin and call their coins as Bitcoin forks. Claim that their coins are better than Bitcoin but their blockchains have 51% attacks, Bitcoin blockchain did not have such attack so far.

Also there are estimates on cost of attacks on blockchains.
https://www.crypto51.app/

If you use blockchains, choose Bitcoin blockchain because it is a biggest and safest.
https://howmanyconfs.com/

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February 15, 2024, 02:29:58 AM
 #16

Deep inside their heart they know that BTC is the only true Bitcoin, therefore they try to change it as they see fit.

It is and it's not gonna change it  Grin maybe there are a bunch of altcoins with their capability and so on but bitcoin would be a bitcoin, not an altcoin gonna dethrone it. The world knows crypto because the Bitcoin and it always become like that.

BCH is a good altcoin back then and I hear they make another hard fork or split team while BSV is just too centralized I just wonder why people buy this coin.

But what do they offer? a fast payment or a big block nahhhh broo there are a dozen chains nowadays with minutes or coupled seconds to finalize transaction layer 1 like eth and litecoin or even dogecoin can do it. layer 2 chain, well you can do transactions with a fraction of dollar within 1 minute approved so don't bother bitcoin just know your place hahah

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February 15, 2024, 02:48:20 AM
Merited by pooya87 (2)
 #17

It is and it's not gonna change it  Grin maybe there are a bunch of altcoins with their capability and so on but bitcoin would be a bitcoin, not an altcoin gonna dethrone it. The world knows crypto because the Bitcoin and it always become like that.

BCH is a good altcoin back then and I hear they make another hard fork or split team while BSV is just too centralized I just wonder why people buy this coin.
There are thousands of altcoins and hundreds of Bitcoin forks but they are not comparable in security and developments with Bitcoin.

How many Bitcoin forks are there?
Dead Coins: Over 50% of Cryptocurrencies Have Failed.

I knew Bitcoin Cash used to make a lot of noise and in 2017, its price even was like half of Bitcoin price but I never consider it as a good altcoin.

If I want to use altcoin blockchains for transactions and don't want to touch smart contract blockchains, I would like to choose Litecoin or Dogecoin for my on chain transactions. I don't use Bitcoin Cash blockchain.

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Learn Bitcoin
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February 15, 2024, 04:53:06 AM
 #18

Unfortunately, I do not see these people anymore. I don't remember if I have seen any BSV or BCH supporters in this forum except a recently banned troll after posting in Leo's farewell thread. I guess that was the happiest moment for a lot of Bitcoiners. No matter what they say, they know that they are spreading lies. They only wake up when the market is positive. I haven't seen any of them in the last year.


Actually, the percentage is bigger than this. If we check coinmarketcap, there are 2.2M+ cryptocurrencies at this moment. How many coins do you know? I don't think there are more than 200K Crypto's. The rest 2 million crypto's are dead.

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February 15, 2024, 06:40:14 AM
 #19

You forgot to say why you started this topic, for example is there something new happening or have they started "attacking BTC" recently that you needed to clear things up here? I'm asking because I haven't seen any new attempts but also I don't follow this stuff that closely.
https://bitcointalk.org/index.php?action=profile;u=400626;sa=showPosts
The CSW thing? Oh, I guess it is too old and insignificant that I usually forget about it Cheesy
But yeah, it's just absurd how it is still going on since it is one of the most obvious cases of scam and identity theft where the fraudulent person has no proof whatsoever but has money to waste abusing the legal system to create a pain in the behind...

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davis196
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February 15, 2024, 07:07:02 AM
 #20

Please move this topic to the Altcoin Discussion forum, since you are discussing altcoins like BSV and BCH. Yes, BCH and BSV are altcoins, despite having the word "Bitcoin" in their names. Anyway, I don't hang around the BCH/BSV communities, so I don't know how and why they are attacking BTC. They can't change the minds of all BTC supporters, therefore their "attacks" on BTC are totally pointless. Maybe they are butthurt, because BCH or BSV didn't become bigger than BTC. Several days ago, some forum member was trying to explain how BCH/BSV was "Satoshi's true vision about Bitcoin" as if he personally asked Satoshi Nakamoto about his vision of Bitcoin. Grin

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