Bitcoin cash wont be replacing Bitcoin, a well balanced argument

in #bitcoin • 7 years ago (edited)

Source: www.youtube.com/watch?v=MDKnG54qTvc

This is a balanced argument from a technical perspective from the youtube user "Crypto Investor"

In my opinion, it seems like there is a group of people trying to take advantage of the sick and injured bitcoin. Not sure how will bitcoin go further after this. But i have a feeling some people with big power wants to make a scare now and scare everyone to sell off and then either earn gains on their new coin with a pump and dump.

Heres another video from ivan on tech, explaining about the hash rates profitability and one comment from Charlie Lee highlighting that bitcoin cash is not does not even have segwit (bch uses Asicboost) (at 11minutes in the video) which btc or litecoin has


source: www.youtube.com/watch?v=K3hNtFqPZnM

alright so what is segwit? segwit means Segregated Witness

About SegWit

source: www.investopedia.com/terms/s/segwit-segregated-witness.asp

DEFINITION of 'SegWit (Segregated Witness)'

SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain.

Segregate means to separate, and Witnesses are the transaction signatures. Hence, Segregated Witness in short, means to separate transaction signatures.

The concept of SegWit was formulated by Dr. Pieter Wuille.

About ASIC:

"An application-specific integrated circuit (abbreviated as ASIC) is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use. In Bitcoin mining hardware, ASICs were the next step of development after CPUs, GPUs and FPGAs"

Source:
ASIC - Bitcoin Wiki May 29, 2015
https://en.bitcoin.it/wiki/ASIC

updates today:

Nov 13th 2017

BTC is up again with BTG bitcoin gold going down ... pushing BTC up. while the whales are playing BCH now goes back to BTC. along the way the other altcoins pushes up with many departing BCH.

---updates
it looks like btc is moving sideways... the fight is intense

#cryptocurrency #blockchain #money #teammalaysia
7 years ago in #bitcoin by
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     7 years ago 

    Bitcoin is king! I completely agree there is no reason to believe currently that the original Bitcoin network will be taken over by something new created out of a hard fork!

    BTW Take a look at @shadowbot it could greatly help your posts get more views and up votes!

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     7 years ago 

    trade wars between BTC and BCH making other alt coins rise up... so promote steem and sbd more to the bch and btc , including dash folks

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     7 years ago 

    @driva has voted on behalf of @minnowpond.
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    [-]
     7 years ago 

    i also of the opinion

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       7 years ago 

      if got bitcoin cash, also got bitcoin gold and bitcoin diamond... so many

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         7 years ago 

        @minnowpond1 has voted on behalf of @minnowpond.
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           7 years ago 

          @supersaiyanbear some technical explanation by experts regards to btc vs bch

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