Who got their Bitcoin Cash ?

Discussion in 'Digital Currencies' started by southerncross, Aug 3, 2017.

  1. southerncross

    southerncross Well-Known Member Silver Stacker

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    At what, a tenth of the value for ETH classic ? Litecoin is a separate currency and has already upgraded with a lot of new features that BTC itself is just trying to integrate now, so is a separate issue, but just look at what happened when the mainstream community adopted ETH over ETC . 8th of Aug will see SegWit introduced but there is no guarantee that x2 will take place at all yet, and in any case that is not scheduled to happen till later in the year also and SegWit also has a lot of people opposed with the risk's involved with the validation of transactions. Litecoin so far has not had any issues with it but it would only take one dispute with a large $ value transaction to happen for the whole protocol to unravel really.
    BCC, BCH call it what you will for now, has solved scaleability, speed of transactions and done it without SegWit. It might well have some teething problems and heap of volatility to start with, but all it is basically is an improved Bitcoin.

    Bitcoin has seemingly been unable to solve all it's internal political issues about how to move forward and as of now doesn't look any closer to doing it either, and really the every day person couldn't give two fucks about it all either. They just want something that works, is safe and is fast to use.

    SegWit is being sold as a remedy for Bitcoin for these problems, but in reality it has taken years just to get to this step and there is still no actual solution to transaction speed and also quite a bit of risk with the offered solution. BCC/BCH has nailed it already without the attached risk.

    Whether it see's mainstream adoption is another matter yet, but if the political turmoil already evident between the opposing sides in Bitcoin Classic continue to impede the evolution of the currency then I can see more and more people just moving over to BCC/BCH where such issues and slow transaction times are no longer an issue.
     
  2. hyphenated

    hyphenated Active Member

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  3. leo25

    leo25 Well-Known Member Silver Stacker

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    i just login into Bittrex (it's been a while) and i noticed there was some BCC credit in my account. So looks like if you had BTC on the exchange, then they did the right thing and gave you the BCC.
     
  4. hyphenated

    hyphenated Active Member

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    upload_2017-8-6_10-17-10.png
    https://cash.coin.dance/blocks

    ...also an interesting view as to who is mining.

    Oh yeah, check out the message text in block 478617 from Suprnova - someone was having a bad day.
     
    Last edited: Aug 6, 2017
  5. hyphenated

    hyphenated Active Member

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  6. Golightly

    Golightly Well-Known Member Silver Stacker

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    All this happened while I have been moving house to an area with no net yet, I managed to log on hot spotting off my phone out in the paddock where it's got coverage,
    I had some dust on yobit that I noticed was credited equal amount of BCC, wish I had been more prepared for it
     
  7. STC

    STC Well-Known Member Silver Stacker

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    It's on the move up.
    IMG_0326.jpg
     
  8. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Been waiting for the first signal that BCC might be coming off the bottom after all the "free bitcoin" crew finished dumping it.

    I'm a buyer today. Next question is how best to store it. Any decent cold wallets picking up proper support for BCC?
     
  9. bking3975

    bking3975 Member

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    Electron Cash seems to work ok. It a fork of electrum which is open source. You can import/export your private keys.
     
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  10. bking3975

    bking3975 Member

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    I have been very disappointed with bitcoin cash. I thought it would do much better than it has.

    The idiots that forked it should have reduced the difficulty at the fork, so more blocks could be found. Instead a block has been found every half hour, one hour or two hours and I think that has undermined the currency. I expect it to disappear. No confidence, no developers, poor support.

    I installed a bitcoin cash node and it wrote over the core node blockchain. Thankfully I made a copy of it, all 137 Gb.
     
  11. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Difficulty adjustment was always going to take time and be dependant on it finding it's price. It just needs to settle down and it'll find it's place. Hopefully that will be soon.

    Remember, at the end of the day it is basically the same code as Bitcoin. So it is technically sound.
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    https://www.coinspot.com.au in oz now supports buying and selling Bitcoin Cash (they call it BCC, not BCH) for those in Oz who want to liquidate to fiat.
    Currently AUD$307 sell price.
     
  13. STC

    STC Well-Known Member Silver Stacker

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    Gaining support. My initial amount - Bittrex kindly turned half the Btc I held into bcc at a 1:1 ration (wasn't much) - the price plummeted. I rebought more at low. Could this achieve parity with Btc is the question.

    IMG_0329.jpg
     
  14. dozerz

    dozerz Well-Known Member Silver Stacker

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    btcmarkets.net now support bch, bids open at $755 each
     
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  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    That might explain the price. Was just about to arb the hell out of it....
     
  16. STC

    STC Well-Known Member Silver Stacker

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    So that means BCC (bch) is #2 in crypto?! Happy days!!
     
  17. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    So can they coexist or is this like highlander and at some stage...."There can be only one" ?
     
  18. southerncross

    southerncross Well-Known Member Silver Stacker

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    There will always be two but one will dominate over time, November will be interesting.
     
  19. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I expect it will get interesting again before November.

    I'm feeling a bit better (been quite sick recently) and so I will share my thoughts.

    1. Bitcoin miners have a vested interest in Bitcoin Cash at least surviving, if not thriving. They will support it until at least November.

    2. The Bitcoin Core mob will probably resist the 2MB hard fork, so expect another fork threat to emerge by October.

    3. If there is any issue with SegWit (security / unverified transactions) and/or there is any emergent congestion on the BTC fork in the coming months, there will be a rush to BCC.

    All up I think there is plenty more upside potential than downside risk to BCC at this price level and point in time.

    DYOR
     
  20. southerncross

    southerncross Well-Known Member Silver Stacker

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    Hope your feeling better M8

    Going to be a lot of fun and games huh , maybe another Bit (insert symbol here) thingy will emerge. One with Segwit and no x2... Oh wait that is bitcoin itself now, or one with no Segwit and x2.... Uhmm nah that is BCC/BCH right ? Whatever it is I can't see it being SegWit with x2 ever, not with the tribalism and politics involved.

    Bigblock V Smallblock, who will win out in the end ?

    Personally I think BCC has already solved a lot of issues without the complications that SegWit could introduce or heading in a direction closer to the current SWIFT type system than the vision laid out by Nakomoto with the original concept of BTC.
     
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