Bitcoin cash wars

It was something that had been discussed a lot and proponents was Gavin Andresen Bitcoin dev that Satoshi trusted after he left , Coinbase exchange and many more. I remember Andreas Antonopoulos explaining in a conference the need for scaling and how block size would keep rising and help Bitcoin become massively adopted. Yet the proposal that was accepted was Segwit which results in reduction of fees and the Lightning Network.

Segwit was implemented in August and the same time Bitcoin Cash led by Roger Ver was created as a result of a chain-split. Eventually Bitcoin will only be used as method of purchases if the Lightning Network succeeds chances look better now than the beginning of the year and Bitcoin Cash while it is fast and fees are very low, still it is just another centralized cryptocurrency.

Well, core developers of BCH were admitted to claim like they have invented the most robust blockchain technology to solve the stability problem and hence is decentralized but whenever I trace the increasing full nodes for BCH, I never find the significant growth in number. Anyway, this is my personal opinion, anyone investing in BCH to have benefits, no offense.

I think you are correct. Bitcoin Cash has proven that the people that were involved so far did not have interests to create a proper functioning decentralized blockchain and many of the investors in this coin have already abandoned it. This is all about the money and to grab it as quickly as possible.

A new currency could imply or incite the division of its investors and therefore the price of the currency or am I wrong? Bad news for those who keep their coins waiting for them to appreciate even more, if you had BCH, what would you do? Would you sell before November 15 or would you rather wait for the storm to pass?

If the Bitcoin gets another splitting moments, it will be having a big value but I think it will also be having a abnormal value movements that might affect the overall performance. Perhaps this split will help Bitcoin Cash to return strongly to the trading market because its stability for long periods at a specific range of price will reduce the number of traders for this currency, I am watching what will happen and trying to analyze it and we will see how this split will positively affect.

Bet Fury. Free BTC 1 Satoshi every day. Its a new opportunity to invest on a stable crypto currency you knows that BCH is a stable that never get lose in long term if any one is long term investor then he check this coin and this coin may affect the value of bitcoin cash we will see when introduce in market.

Thanks Cryptotalk for teaching me about the cryptoworld. Now i am earning good earnings from internet. Special thanks to Bigpat for helping me. Well, we are tired of new forks and new currencies without value every period in the market, we want something useful for society and not just a spread of currencies without a specific goal, a lot in the recent period have come to consider BCH as a mere scam, especially since its price does not increase with Bitcoin like it was during The old days.

I think, after all, we can expect something like this, and this split will give us some understanding in the price adjustment. I think there may be many factors at play, because at one point, this token can become very useful, and at another, useless. And so, the situation leaves much to be desired! I am not a supporter of the thorn that occurs in blockchain networks to produce a new currency because that often leads to a division of society and weakening of the power of the fragmentation, frankly, it becomes disturbing, every period of a new fork and a new currency and we do not know when we will stop it, so there is no point in separating and weakening Network security.

It never recovered either as other coins did. It will be even worse investment after this fork. The fork is getting closer and Bitcoin Cash did a small pump but I think that it will be dangerous to hold any of these coins right now. Most investors have left already and it may be just Roger Ver left right now.

Deserved to meet this fate as it was just created with a false impression that it could scale while it was centralized behind bigger blocks. Halving and splitting become necessary when price hits a certain point. Because it becomes difficult for different exchanges to transfer and convert those high price coins.

I prefer to call it BCash which is probably the real name of this fake bitcoin fork that will once again fork and prove for th time that it was only a cashgrab scam and nothing else. Another useless fork from Bitcoin Cash. Their forces now distribute and have to work more after split their cap will be down after split.

There is interest from many about this chain split and a new coin will be created, we are maybe have too many and I am not known a lot yet but it will be that we have Bitcoin Cash and another that the name will be Bitcoin ABC and this will happen this month too. This is interesting, I just read about this Bitcoin Cash fork in the crypto news and it looks that it will be a battle.

Probably Ver side will win again but what happens if he loses? Bitcoin ABC takes over Bitcoin Cash like being the dominant chain and the other one will be the lesser chain that will split? Then Bicoin Cash will not be what Ver will have. It would be funny if something like that happened.

I hope that everything will be fine and that whoever wins this battle it will be better for Bitcoin Cash. By caliban Started November By Sane4ka Started January By Kiwinev Started December 1, By epidemia Started September 27, By veislili Started March 6.

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Posted October 11, TimopheyKa Юзеры, естественно, могут сами сделать выбор относительно программного обеспечения и отрешиться от версии Bitcoin ABC с данной для нас контрольной точкой. На данный момент, по данным forkmonitor.

Так, один из основных идеологов Bitcoin SV Крейг Райт не так давно написал , что война хешрейтов — это марафон, а не спринт. Подписывайтесь на анонсы ForkLog в Twitter! Пользуясь веб-сайтом, вы соглашаетесь с Политикой приватности. Культовый журнальчик о биткоине, технологии блокчейн и цифровой экономике.

Площадка для общения криптосообщества. Соединяем компании и юзеров. Аналитика, лекции, истории о мире криптовалют, децентрализации и влиянии технологий на общество в мультимедийном формате. Материалы по теме. Marathon расположит наиболее биткоин-майнеров на объектах Compute North. В Минэнерго исключили применение льготного тарифа для майнеров биткоина. Мнение: падение акций майнинговых компаний открыло способности их покупки.

В Дагестане выявили очередной факт кражи электроэнергии для добычи биткоинов. Держите руку на пульсе биткоин-индустрии! Чтение занимает не больше 2-ух минут. Выходит в рабочие дни в МСК. Совершенно подступает для тех, кто не успевает за новостным потоком в течение дня.

Почти как восстановить утерянный биткоин кошелек повестке

On August 1, , the majority of Bitcoin miners signaled for the implementation of SegWit2x — an agreement among predominant Bitcoin companies BitPay, Coinbase etc. Nevertheless, Bitcoin Cash developers elected to increase the block size limit to 8MB meaning more transactions could fit into a single block.

This, however, went against the Bitcoin protocol as the vast majority of nodes supported SegWit while leaving the 1MB limit intact. Bitcoin Cash forked away from the original Bitcoin blockchain on August 1, , implemented replay protection, and quickly entered the top-ten cryptocurrency rankings based on market capitalization. The opposing views that resulted in the Bitcoin Cash hard fork hinged on two distinct economic classifications — Bitcoin as an investment asset and Bitcoin as a payment system — or at least which should be prioritized first.

A part of the announcement read:. Again, not everyone supported the changes in the source code with opponents criticizing the prioritization of non-cash transactions in a blockchain that they felt ought to deal with payments only. With the emergence of two opposing views, it appeared that another blockchain split was on the horizon.

Craig Wright earned potentially eternal notoriety in the cryptocurrency industry when he claimed to Bitcoin creator — Satoshi Nakamoto. Roger Ver and Jihan Wu were on the other side of the conflict. Roger Ver is the owner of Bitcoin. Roger Ver has been heavily criticized for using his Bitcoin. Jihan Wu is the co-founder of Bitmain, which apart from being the biggest Bitcoin mining hardware manufacturer, also owns BTC. As November 15, , drew closer, so did the vitriol which became apparent all over cryptocurrency and blockchain news media.

The situation was rife with the usual mix of name calling and outright threats. They also blocked or unfollowed opposing actors on several social media platforms. The company created an SV mining pool with miners onboarded in September. The heated contest even saw Roger Ver direct Bitcoin. The goal — win the hash race by becoming the longest chain, i. These actions were not without consequences, however, as it soon became apparent that there would be losses on both sides.

The BTC price also tanked along with the entire cryptocurrency market falling to its lowest level in over a year by market cap. Many exchanges halted trading on BCH altogether during the onset of the war as no replay protection was implemented.

Without replay protection, a transaction would be valid on both chains resulting in chaos and disruption. Then Ayre came out on November 23 stating that SV was ready to put an end to the conflict by adding replay protection, which would prevent double-spending on both chains. While the ABC vs. Presently, BCH is only marginally above Stellar based on market cap.

What do you expect will happen next in the Bitcoin Cash hard fork saga? Let us know your thoughts in the comment section below. Bitcoinist is the ultimate news and review site for the crypto currency community! Bitcoin Cash ABC vs. Then it dropped again, even more seriously on the following weekend. Before the hard fork, it was trading at about USD. So, in many ways, the main casualty from the Bitcoin Cash hash wars have been the two new versions of Bitcoin Cash.

But Craig Wright should be able to answer because, after all, he thinks he is Satoshi. For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover.

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