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I do not agree. BCash is not just an alt coin because it has the same base like bitcoin, it was bitcoin actually. Altscoins has another technology base or they are written even in a complete other coding language, begin completely incompatible with bitcoin
I’ve always been pro btc but have Been following the bch side of reddit. I’ll support whatever coin that should properly be superior but the posts about bch seem very sketchy and misleading and just makes it feel like a scam :/
Fees on post-fork-BTC (segwit coin) is only low because it has much lower use now due to $55+ txn fees late 2017 - segwit is the equivalent of adding like 15% to a 1mb block size - a complete joke!. Why do you have a double standard of comparing BCH to every other crypto whereas segwit settlement coin somehow does not need to be useful or doesn't need to compete? You come across as soooooo incredibly biased with that crap. Circular logic. It is an alt coin, because it needs to content with this other thing which I assert is not an alt coin. and because my favoured coin is not an alt coin, your coin that I dislike is therefore an alt coin... because I assert this as the case.
post-fork-BTC i.e. segwit settlement coin is a science experiment that will never work but by majority they retain the BTC ticker - I can live with that. pre-fork-BTC (i.e. bitcoin cash following the original plan from the beginning to increase block size - or at least not hold it at a ridiculous 1mb), is focused on adoption of merchants, widespread use, countries that need this technology right now like Venezuela and Zimbabwe.
The most misleading part is that Jihan and Roger ver were the driving force behind the creation of bitcoin cash. They weren't. It was grass roots. This debate was raging for years and years. Roger came after the momentum was already there for the creation of bitcoin cash. Jihan and Ver are not the "leaders" or CEO. They are just people heavily invested in bitcoin as cash for the entire world who rightly support bitcoin cash for fulfilling this purpose.
Something that fails to me mentioned in some of these supposedly non biased comparisons, is that Bitcoin Cash is closer to the true purpose of Bitcoin as stated in the White paper. While the old Bitcoin was steered down an other path requiring segwit, and lightening creating its own form of confusion for new investors who had to go along with this different path.This is one of the main reasons the fork happened.
The issue with Lightning Network is that it won't work as believed by the community. Because BCH has the same hashing algorithm as BTC (namely SHA256d) and BTC is hell for miners, they will switch to BCH as soon as it overtakes BTC. Also, BCH has a more robust difficulty adjustment algorithm that can handle rapid changes in hashrate much better. This is an additional slight advantage over BTC.
I am telling you the TRUTH. I been involved since 2011 and seen the shit of the last few years in person in full wide screen. Blockstream and their push for the crippling of bitcoin with the 1mb limit are the root causes of the civil war you see now AND A DIRECT REASON for the creation of Bitcoin Cash. I am not telling you any bullshit. I am telling you facts. You cannot ignore the censorship, propaganda and corruption that plagues bitcoin (BTC) right now. Bitcoin Cash is p2p cash.
Why are you bringing up SegWit? Which happened as a UASF before the BCH hard fork and was eventually almost fully adopted in a (genuinely) decentralized manner? Everyone decided for themselves to adopt segwit : actual decentralization. I hold and buy bitcoin cash as well so I have no bias except that I will only support the TRUTH. Arguing that BCH is bitcoin will keep the bitcoin cash community where it is (or just make things worse and worse) forever. Instead of constantly insulting bitcoin the community needs to construct an identity that’s unique and serves the goals of a p2p cash system, and stop going after the brand as some sort of trophy. If I get enough hate on this video I might have to make a whole series on this 😊🤘I spit facts sorry if you don’t like them
Bitcoin Cash is a response to the corporate takeover of Bitcoin and the intenttional crippling of bitcoin's adoption. Bitcoin Cash / BCH is a last resort attempt to bring bitcoin inline with the original roadmap.
Nobody fucking bought bitcoin cash instead of bitcoin btc
Bitcoin is a concept. There are now different visions of this concept. BCH stands out as the only other significant fork of bitcoin. Accept this fact. You realy need to educate yourself on why BCH forked in the first place. Nobody in BCH wanted to "Steal the brand name". It is more disgusting that corporate interests hijacked the bitcoin project and you are just a useful minion for them to spread their propaganda.
And no, nobody bought a $7500 for $1000. These theoretical victims don't exist and if they do, they failed to due even the most SIMPLE research and deserve to lose the 1% fee to change to BTC.
There was a vote about this - the community voted 82% that BTC = bitcoin. There’s no more debate. Just sour folks that don’t want to accept the true nature of BCH. BCH is an altcoin like any other and shouldn’t get to benefit from Bitcoin’s brand considering it lost support of the community by a LANDSLIDE!. If someone said “US DOLLAR - AUD”
You would flip out. There are many dollars but only one US DOLLAR. Like there is just one Bitcoin.
Absolutely people bought BCH on bitcoin.com thinking it was BTC. The miss representation is far from OK and the fact that BCH supporters won’t admit that is unfortunate. I call out negatives from both camps but to pretend like calling BCH “bitcoin” is in any world acceptable is deceptive and dishonest. I’m happy to have a real, honest conversation about the differences between bitcoin and bitcoin cash, but it’s not gonna be productive if you pretend like BCH are saints and BTC are evil. Let’s all be circumspect and elevate the dialogue 🚀
No one remembers this but Bitcoin Cash was 5 times EOS market cap late last year. Now it's a mere 5 billion ahead of EOS. EOS will soon pass Bitcoin Cash and when that happens, I hope this stupid comparison between that scam coin Bcash and the King Bitcoin can end. You XRP Hodlers better beware of Eos too.
Ellio, I gotta say this was so well explained and balanced and informative that it PROVES you are the official Crypto Newsman of Crypto YouTube. It is also extremely beneficial to the community to hear such well-reasoned and salient presentations overall. Well done. Newbs and non-newbs across the globe appreciate what you're doing. You're the man.
Good video. Currently I would not invest in Bitcoin, if I had to choose between those two, I would not choose any at this time. I prefer to invest in Monero that protects me from transactions, but personally in cryptocurrencies that are impossible to track and economical. Would you consider privacy important in this type of project?
The BITcoin name is attached to crypto forever. Therefore... BITcoin is bitcoin and bitcoinCASH should have a different new name that does NOT include BIT in it. (the same should apply to all the other alts that attempt to ride BITcoins coat tails by calling themselves BIT.......(fill in the blank) which is wrong to do. If bitcoinCASH had it's own name, I feel like it would do poorly. That is why they will not be their own entity... because they need the name of the original genuine article, otherwise they are just a regular not so fast, not so wonderful tech, not so special coin. They cannot compare to other faster higher tech platforms that are coming into the space as Elliot explained... and they should DE-couple from bitcoin completely, incluing the name BIT. (and the same should apply to all blockchains.) BITcoin is bitcoin, and the others can easily find names that can be differentiated from the BITcoin name and trademark. If and when this happens we would immediately see how 'not so special' bitcoinCASH is. ( and we would also be able to see the other alts for who they are from day one, without subconsciously connecting them to bitcoin for no other reason than because they call themselves BIT-whatever. )
Переверните)) Открытый ICO Telegram-раунд собрал более 70% средств за несколько дней www.icorating2018.info/ton-gram ) эти монеты будут очень вырастать в стоимости совершенно точно потом флотации ) их нужно брать покамест будет отлично
Bitcoin is a protocol and was always used as and meant to be ELECTRONIC CASH. The whitepaper is titled as such.
Btc was ALWAYS meant to scale on chain. No segwit, no rbf.
Btc has been taken over thru developer concentration, forcing segwit and block limits thru soft forks. Soft forks are coercive.
Btc had no scaling problem.
Blockstream made btc have a scaling problem, just to justify their own existence by crow barring in a patented centralized lightning network solution.
Bitcoin needs no third party for anything, thus BITCOIN CASH IS TRUE BITCOIN.
BITCOIN CASH IS BITCOIN, P2P, NO SEGWIT, NO RBF, ON CHAIN FULL SECURITY SCALING. DECENTRALIZED ENOUGH TO MAINTAIN CENSORSHIP RESISTANCE.
NO we don't need a billion full nodes, thats bs, only miners need full nodes or commercial entities.
BTC IS A BANKSTER COIN NOW
BCH IS ORIGINAL PROTOCOL, ORIGINAL SATOSHI VISION
Memo.cash yours.org minipos.cash bitcoincash.org
Bch is the best money on earth
Excellent video. I like the tech behind the alt coin bch but it stops at that. Roger is taking his own personal issues and turning it into a charade that is doing a disservice to the crypto community as a whole.The politics and internal fighting, manipulation of brand and confusion to new investors slows adoption down and will further increase distrust or skepticism. We need to be just as vocal as Roger by making sure people understand what they are buying. It's our job to lead people to the right info because bitcoin.com is full of false info. These videos explain it well and give the information people need to make their own decision without jamming an opinion down people's throats. Cheers!
The situation on today's market is not very good. My investment portfolio goes into the red. I bought ICO TELEGRAM- tokens on www.x-crypto.org/telegramico I think the token price will precisely grow at 5-10 times.
Павел РАДВЕР If you go to the ZIL website they claim they are not supporting the airdrop and that it’s a scam. No legit airdrop would ask you for your private key. I left the link below.
whats up man,
first of all, thank you for all the education. I've just seen your vid about ins economy, looks like a very interesting project for the future. it would be great if you could do a little update vid about them since they had a bunch of new partnerships. thank you
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.