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Bitcoin Cash
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
I don't want to spread discontent, and I still believe that in the long run BCH's may overtake BTC's market cap.
But let's face some (in my opinion) facts:
-falling so much and so hard, without following BTC's ups and downs is a negative sign. Most cryptos that exchange for fiat mostly (such as eth and etc) tend to be more stable in price, even if BTC's go up they fall a bit. We've fallen more than 30 % in the last 24 hours both in btc and fiat conversion.
-it's hard to argue with people calling BCH a pump and dump when it has been pumped and dumped to levels never seen in crypto. BCH trade volume was what, 4 billions usd saturday alone..?
-Some people put giant buy walls on BCH. Yet I don't see them buying..Seems more of a psychological than financial support..
-While Bitcoin Cash solves some of BTC's problems..It's still dependent on expensive asic equipment to be part of the network..A network that rely basically on one single ASIC provider. and the few chinese farms that have a low enough electricity.
I don't want to spread FUD, but what are the next moves...?
I can already feel the downvotes while I'm writing this and the usual copy pasterino of "then sell, cheaper BCH for me lololol", "it's gonna take BTC in the long run", ecc. But BTC's close to ATH again..Sure, I agree with whoever calls it a get-rich-quick scheme, it has absolutely no potential, but is BCH really the better alternative? Don't we have better coins in the top 30, more technologically developed just less popular..?
I really don't like what's happening. I converted most of my BTCs to BCH. But the people promoting BCH are obviously not. I won't cry if BCH crashes, I already made lots of money with cryptos with low investment, and I'm diversified enough to be able to take even a huge hit in what I have spent in it.
But it seems more and more obvious that the fact that Bitcoin Cash, even if solving some of Bitcoin's problems, does not provide what Bitcoin really is: the most solid financial investment in cryptos.
Nobody cares if fees and transactions are too high..That's not Bitcoin's use from a long time, and we all know it.
I'd still like to hear some opinions and a constructive discussion.
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I think many of you would consider Ethereum Classic a terrible investment, considering (1) it was the result of a hack, and (2) the hacker still has their bags of ETC available, which they periodically dump on unsuspecting investors. Bitcoin Cash doesn't have such a problematic origin, but might also be considered an unwise purchase given the lack of usage and development compared to BTC and other good projects.
So, when I open the charts and see that specifically BCH and ETC have been pumping hard for the last couple of days, my only conclusion is that new retail investment money has arrived and these noobs are dropping cash on 'cheaper' projects with the name Bitcoin and Ethereum in it. I should know, I did this exact thing myself earlier this year!
Here's hoping this signals the start of a another massive pump too.
Edit: spelling
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
EDIT: Giveaway is finished! Thank you to everyone who participated! $1600 worth of BCC has been distributed between Reddit and Twitter. Please share with your friends, and teach others about this amazing technology. We are part of a revolution, and the future will be amazing!
EDIT: Trolls are downvoting hard. Upvote if you like free permissionless decentralized digital P2P E-Cash!
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Hi, my name is BitAlien, and I'd like to teach you a little bit about Bitcoin Cash.
You've probably heard of before. Bitcoin was the world's first Peer-to-Peer Electronic Cash System. With Bitcoin, you can send any amount of money to anyone in the world without anyone's permission. Governments cannot censor Bitcoin transactions. No company "owns" the Bitcoin network. Bitcoin is decentralized and permissionless.
Bitcoin transaction fees used to cost less than a cent. Compared to the legacy banking system where transactions can cost hundreds of dollars, this was a huge improvement. As you can see, Bitcoin is a revolutionary technology.
Unfortunately, Bitcoin's development was subverted by , a company which employs many "" developers to create changes to the Bitcoin software which benefits them. These Core developers have openly admitted that high fees are a good thing, and want to turn Bitcoin into a settlement layer, moving the majority of transactions onto . (The technology that Blockstream just happens to specialize in)
is a fork of the Bitcoin blockchain that was created on August 1st 2017. Bitcoin Cash aims to solve Bitcoin's scaling problems, follow Satoshi's original vision, and allow users to once again create transactions with low fees.
Reliable, frictionless money like Bitcoin Cash will change the world's economy for the better.
Bitcoin Cash Wallet Recommendations:
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Today I'm giving $1 away to everyone interested, so that you can personally experience this awesome new technology!
Reddit requirements: 7 day old account minimum, 50 karma minimum
Twitter requirements: 1 month old account minimum
If on Reddit, create a comment replying to this post with your Bitcoin Cash address. I will send you $1! :)
If on Twitter, retweet so more people can see this giveaway, and then reply to my original tweet with your Bitcoin Cash address. I will send you $1! :)
We are going to show people the power of Bitcoin Cash! :D
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
(In advance, I don't really consider myself a hardcore supporter of any coin, that includes BCH and BTC so maybe I see this a bit differently.)
I could imagine that "having" the name Bitcoin would mean a boost in things like popularity or fame, but at least at the moment this whole name-war is getting on my nerves more than anything.
In my opinion we should call it Bitcoin Cash and don't try to force the name "Bitcoin" onto it - at least for now. Maybe it is the original vision of Satoshi and maybe it is the better coin (I don't even want to talk about any of that) but if BCH really is the superior coin, then it should and will earn the name "Bitcoin" all by itself sooner or later.
I like the idea behind BCH, but in my opinion this whole "BCH is the REAL Bitcoin" talk is somewhat embarrassing and damaging the reputation of BCH. All this energy should rather be spend on improving accessibility, getting stores and companies to adopt BCH, helping the community, etc.. The switch to the name "Bitcoin" should then come by itself over time.
tl;dr: I think that BCH is fine as "Bitcoin Cash" for now. If it will ever take the name of "Bitcoin" it should come more naturally instead of this forced pushing.
I'm curious what other people think about this. Do you dislike the name "Bitcoin Cash"? How important is BCH getting/being called "Bitcoin" for you? Would you mind BCH being "Bitcoin Cash" forever?
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When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
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Reference price: $1,035.19
FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart
Winning results will be based on the price at 12 pm PDT on May 10th. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
Isn't it an unregulated market? Wouldn't it just be considered fraud? This will be very interesting
Edit: Many seem unfamiliar with the situation and many comments are uninformed. Please do your own research before you come to conclusions and take internet comments from strangers with a grain of salt.
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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Bitcoin Cash (BCH) totally fixes the quadratic scaling of sighash operations bug, by using the new transaction digest algorithm for signature verification in BIP143 (part of the SegWit upgrade). In my view, Bitcoin Cash therefore has most of the benefits of SegWit and has superior scalability properties to SegWit2x (B2X)
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Bitcoin Cash has 8MB blocks, allowing for a significant increase in transaction capacity, while mitigating the negative impact of higher block verification times. SegWit2x (B2X) has lower effective capacity at only around 4MB, yet doesn’t mitigate the impact of the quadratic hashing bug as well as Bitcoin Cash. SegWit2x has a 2MB limit for buggy quadratic hashing transactions (while Bitcoin Cash totally bans these buggy transactions)
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Bitcoin Cash includes strong 2 way protection, such that users and exchanges are protected, because Bitcoin Cash transactions are invalid on Bitcoin and Bitcoin transactions are invalid on Bitcoin Cash. In contrast, SegWit2x (B2X), does not include such protection, this is likely to cause mass loss of funds for users and exchanges.
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Bitcoin Cash had a new downward difficulty adjustment, this made the Bitcoin Cash block header invalid according to Bitcoin’s rules. Mobile wallets therefore need to upgrade to follow the Bitcoin Cash chain. In contrast, the SegWit2x block header will be considered valid by existing mobile wallets, this could cause chaos, with wallets switching from chain to chain or following a different chain to the one their transactions occurred on.
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Since SegWit2x doesn’t have safety features, that ensure both coins can seamlessly exists side by side, it is considered by many as a hostile attack on Bitcoin, without respecting user rights to use and trade in the coin of their choice. In contrast Bitcoin Cash does respect user rights and is therefore respected by almost all sections of the Bitcoin community and not regarded as hostile.
In my view, the Segwit2x (B2X) project should now be considered totally unnecessary, as the Bitcoin Cash coin has done something similar to what was planned, but in a much better and safer way. SegWit2x (B2X) should be abandoned.
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When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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Funny things that proponent of BitcoinCash (BCash) say. When people spread FUD (lies) about SegWit or the original Bitcoin, then we post it here. We also welcome discussion - but do keep it logical and based on arguments like math, source-code. We do not like arguments like: - someone once said that SegWit is insecure; But I can not explain why exactly that would be. - someone said that XYZ is bad, here watch this 120 minute video, that is my argument
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This is a subreddit for discussion of forking Bitcoin to allow a free-market and consent-based approach to Bitcoin's / Bitcoin Cash's progress. In Bitcoin Cash we brought together like minded people - users, developers, miners - to carry on the experiment that is Bitcoin. We stand ready to fork again should it become necessary to protect Bitcoin to ensure the option of peer-to-peer electronic cash can survive and thrive.
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