ViaBTC starts trading BitcoinCash BCC (Possible split chain of BTC)

https://steemit.com/bitcoin/@ancap47/govt-sponsored-segwit-is-doa-dead-on-arrival-here-s-why

liondani (69) · 7 years ago (edited)

Related to your post is this very interesting and at the same time very concerning theory about the bitcoin split ....

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10 votes

cardboard (61) · 7 years ago (edited)

And here is a comment of the other side about those... statements:
https://www.reddit.com/r/Bitcoin/comments/6p0e4u/lol_rbtc_user_explains_how_bitcoin_core_and/

Seriously, SegWit has 100% signalling now - every pool is signalling it. I wish to see any code example instead of comparisons without any sense created by some Chinese miners so they can sell their version of Bitcoin to as many people as possible. But that's just my opinion. SegWit is working on Litecoin since few months by the way - no problems with it.

Also Bitcoin core is a team of over a hundred developers without any leadership - they protect the Bitcoin code. You can see what happens when other inexperienced devs try to crate their own Bitcoin - BTC1 unintentionally forked even their testnet...

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8 votes

ancap47 (52) · 7 years ago

Prices don't lie, shill: https://steemit.com/bitcoin/@ancap47/1-mb-segwit-bitcoin-down-big-block-bitcoin-cash-up-free-markets-don-t-lie

BTC.TOP has said that they will divide hash rate on price, so that means 1/6 of their giant mining farm is going to be mining bitcoin cash. Game over, you lost.

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5 votes

cardboard (61) · 7 years ago

Everyone is free to mine China coin. But Im not sure about the adoption...

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mauhoang112 (25) · 7 years ago

Follow up and vote for me, please

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booster (68) · 7 years ago

This comment has received a 0.46 % upvote from @booster thanks to: @katiepelc.

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ancap47 (52) · 7 years ago

Prices don't lie: https://steemit.com/bitcoin/@ancap47/1-mb-segwit-bitcoin-down-big-block-bitcoin-cash-up-free-markets-don-t-lie

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cardboard (61) · 7 years ago

Just a heads up.
User @ancap47 downvotes everyone that doesn't agree with him in here, thus removing comments and eliminating any discussion.

Everyone that raises question if this 100% China controlled version of Bitcoin is really the answer for scalling problems have his comment removed (downvoted) here. If you wish to know more, please feel free to check:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-split-warning

If you don't agree, no problem, just make a comment, but please don't censorship the discussion. It's not China.

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14 votes

randowhale (67) · 7 years ago

This post received a 4.3% upvote from @randowhale thanks to @cardboard! For more information, click here!

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ancap47 (52) · 7 years ago

Shills get censored on this forum. Don't like it? Invest more than $100.

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cardboard (61) · 7 years ago

Censor the post above;)

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smooth (70) · 7 years ago

It is suggested to move BTC out of exchanges before Aug 1st to be sure if chain splits - to have both coins.

Also important: After Aug 1, be sure not to send coins anywhere that you don't control on both chains or which is sure to credit your coins on both chains (the latter refers to exchanges that implement auto-splitting), unless you have taken (somewhat complicated) measures to 'split' your coins into separate wallets.

Be careful even if it doesn't appear that the alternate chain is succeeding. The situation may evolve over some days (or longer)

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ebenezer (38) · 7 years ago

The end is yet to come. Optional arrangement are always availabe

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reroelbuton (47) · 7 years ago

I am a bit worried about this news happening this coming August, worried about bitcoin situation the split thing might happen I am hoping that this will make positive news for bitcoin, but what if this gonna be the nightmare of bitcoin? fingers cross.

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ancap47 (52) · 7 years ago

The split will be the best thing to ever happen to bitcoin. We can get away from the corrupted, sold out Core dev team once and for all.

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cardboard (61) · 7 years ago (edited)

Go ahead! China will have 99% hashrate of your china bitcoin! And remember to downvote this, no one can see it! Oh, and I got paid by blockstream, thats why I have 100 sp and cant do anything with you removing my comments, lol;) but yeah, China has censorship so I understand.

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7 votes

dirtyburger (40) · 7 years ago

How do you get paid by blockstream? I want that too!

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shaw1 (47) · 7 years ago

I'm really looking forward to this! BCC to the moon!

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fractalfreedom (45) · 7 years ago

Happened years ago after majority of BTC core board was replaced in short order and before Mt. gox sploded. Bankers weaseled their way in.

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jdruiter (43) · 7 years ago

When a relationship goes bad, a splitup is good. Positivity comes back when people agree with each other.

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coinlend (55) · 7 years ago

A friendly hardfork sounds good to me...

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shaw1 (47) · 7 years ago

Agree. It reminds me just a little bit of Apple vs Microsoft, or Marvel vs DC. There is plenty of room for both, and we really shouldn't kill each other over it. :)

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thefeetofpete (35) · 7 years ago

Do you think that whatever does end up happening on august 1st will affect the btc price for a while? I mean I know a lot of people are invested in it, but for people like me who want in, were kind of hoping it drops big so that we can afford to buy in. Idk if thats likely anynore though

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14 votes

shaw1 (47) · 7 years ago

I think it will drop at first, when a lot of people dump. Many people I know aren't interested in holding it as another altcoin, so they are just going to sell. We'll see, but if it ends up like ETC and ETH did, I'll be happy.

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forykw (64) · 7 years ago

The behaviours resulted from these times in crypto are what I would call the most important aspects of how crypto will show the world its true strength. With or without a fork, the way communities become organised and influence each other while being exposed openly to the world brightest minds, its the ultimate test of blockchain technology reliability and software development endurance. Following the evolution of this is like watching a probe land on Mars... the difference is that in this, anyone can actually participate in something from the entire mission. To this, I think we usually call, history right?!

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5 votes

rouketas (61) · 7 years ago (edited)

Anyone who understands the bitcoin protocol knows why big blocks are not a scaling solution.
If you increase the blocksize only expensive servers can run bitcoin then there's no point anymore
And in any case this is not a sustainable system 2MB blocks are just twice as fast as bitcoin
That's not fast then you need 4, 8, 16MB blocks and it gets worse and worse
Anyways this BCC isn't gonna do anything I think

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cryptofunk (64) · 7 years ago

Time to get forked up, then we will see where the real money is with. My bet is ABC / unlimited/BCC if the world is to use it. Otherwise floppy disc size blocks are going to spoil the onboarding of the world. Can't believe the debate has gone on so long.

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6 votes

cardboard (61) · 7 years ago (edited)

If so, why there's 100% SegWit signalling now? Also, some more info:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-split-warning

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brendio (55) · 7 years ago

Upvoted to counteract downvote.

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cryptofunk (64) · 7 years ago

100% signaling is to prevent UASF (BIP 148) on 1st Aug, BIP 91 is lesser of two evils imo.

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ancap47 (52) · 7 years ago

Don't listen to 'cardboard'...he is most likely a Blockstream shill.

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cardboard (61) · 7 years ago

Lol yeah, I got paid by AXA ;) by the way, dude, yu need more SP to downvote everyone that dont agree with you!

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xgrosz (57) · 7 years ago

I just hope there is not 2 coins

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grizgal (55) · 7 years ago

We are in for a turbulent time over the next few months. We have cleared the first hurdle with BIP91 locking in. This happened relatively smoothly, yet in the days before bitcoin suffered a 25% drop in price as people panic sold. With more uncertainty to come, there is sure to be more volatility in the markets and things are unlikely to settle down until late Nov at the earliest! It's going to be an interesting

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ancap47 (52) · 7 years ago

Segwit is DOA:
https://steemit.com/bitcoin/@ancap47/govt-sponsored-segwit-is-doa-dead-on-arrival-here-s-why

cardboard (61) · 7 years ago (edited)

SegWit has 100% blocks signalling now. Also I hope that Craigh Wright is not your source for SegWit information:
https://twitter.com/i/moments/888788567497035776

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techwizardry (65) · 7 years ago (edited)

Only because of Antpool and the other major Chinese mining pools like BTC.TOP and Via. I have a feeling Bitmain/Antpool may pull out of the Segwit2x and support BCC. If that happens, we're looking at major market disruption.

I personally can't fathom why Jihan would go along with Segwit2x knowing that once segwit gets activated, core and other pools have three months to come up with all kinds of creative ways undermine the 2mb HF in November.

A plausible theory may be that Jihan and the other pro-big-block pools are planning on switching support to a fork with much larger blocks 8mb+.

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ancap47 (52) · 7 years ago

I can't fathom why anyone would want segwit corrupting the blockchain unless they were being paid some of that 75 million from Blockstream.

cardboard (61) · 7 years ago

Why are you even answering if you downvote everhthing?:D

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cardboard (61) · 7 years ago (edited)

A plausible theory may be that Jihan and the other pro-big-block pools are planning on switching support to a fork with much larger blocks 8mb+.

Yep, that would centralize even more power in their hands. Do you guys know, that every antminer has a backdoor?
http://www.antbleed.com/

It basically means that Jihan can switch off any miner if he decides to. Either you obey or your $$$ investment is worth nothing.

That's why we have UASF and that's why we're gonna have SegWit. China can have 100% control over their China Bitcoin Cash, but not over the real Bitcoin.

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techwizardry (65) · 7 years ago

I'm fairly certain that Antbleed was just propaganda. Why? Because that propaganda page was launched anonymously!

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cardboard (61) · 7 years ago

https://pastebin.com/jREuwQ8b
Someone didn't want his miner to be switched off... But who knows for sure, probably Jihan himself only. Yet it's hard to argue that his antminers have majority in the Bitcoin hashrate.

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techwizardry (65) · 7 years ago

The same BS was also used to sell the ASICboost as some kind of undisputed fact, when in fact there is no hard evidence that Bitmain has ever used the covert form on the Bitcoin mainnet. Zero empirical evidence!

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ancap47 (52) · 7 years ago

Who's Craig Wright? Is that what they're telling you to say?

isjw84 (50) · 7 years ago

Awesome!

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shaw1 (47) · 7 years ago

Succinctly put. ;)

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southforce (52) · 7 years ago

Thx for the information

hedge-x (57) · 7 years ago

There is so few miners that will go along with this b/c its not profitable to do so. If two chains are formed the big chain where 90%+ more of the hash is will attack the small chain UAHF and eliminate that.

techwizardry (65) · 7 years ago

That is unless Bitmain gets behind BCC.

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cardboard (61) · 7 years ago

BCC is its creation.

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lig007 (51) · 7 years ago

so, if the hard fork does not happen, people who bought the futures would lose their money? That's a big risk! I may not be understanding this correctly.

ancap47 (52) · 7 years ago (edited)

and yet, there are enough people buying the BitcoinCash coin that it is trading at about 1/6 Bitcoin, a market cap of over 6 billion, which makes it the 3rd biggest crypto and it hasn't even forked yet.

cardboard (61) · 7 years ago

And not a single coin has been mined yet. Lol.

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ancap47 (52) · 7 years ago

Of course not. The fork is for Aug 1, 12:20. That is exactly the time you can expect the first big block.

You're spending a lot of time trolling...hope you're getting paid.

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cardboard (61) · 7 years ago (edited)

I wish:( btw, you're gonna run of voting power soon, you downvote everyone who doesnt agree with you...

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ancap47 (52) · 7 years ago

Nope...only you.

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etheraveum (46) · 7 years ago

Yeah, I don't think we have heard the last from the "big blockers". I'm keeping my BTC off any exchanges for the next couple of weeks for sure. Nice post, I will resteem. Thx

etheraveum (46) · 7 years ago

@kingscrown:

So, this is going to cause some volatility... Thoughts?

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cardboard (61) · 7 years ago (edited)

Of course it will :) If you are a daytrader it's actually good news.

jodhpurindia (43) · 7 years ago

nice post

11 votes

underground (67) · 7 years ago

F.U.R.R. for updates, and opinions as to buy into the new blockchain split?

Thanks, @kingscrown!

underground (67) · 7 years ago

This means you have a new follower ;)

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cryptousage (39) · 7 years ago

I really hope to get to an agreement before that date. If not, I will go with the original coin.

dim753 (64) · 7 years ago (edited)

Bitcoin abc looks amazing but the security with dynamic blocks? umm

arckrai (62) · 7 years ago

This does not look good.
Let's see if anything else can be reached or if we are going to be left with more people taking their money out of the markets due to the chain split.
Let's see what will happen.
Thanks for the update @kingscrown

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winnerking (33) · 7 years ago

Great post thanks so so much
Am now understanding cryptocurrency well

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sweetiebo (54) · 7 years ago

How much is the total supply of BCC coin ? Thanks!
Resteemed!

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hdmed (66) · 7 years ago (edited)

Is there a place on to keep these BTC in safety. Until the end of these amendments.
Thanks to @kingscrown and @etheraveum I will resteem.

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dorth (58) · 7 years ago

Keep in any wallets you can control your private key/recovery phrase

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hdmed (66) · 7 years ago

thx there !

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cardboard (61) · 7 years ago (edited)

Electrum (edited) wallet for example. Not on exchanges for sure.

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hdmed (66) · 7 years ago

desktop wallet or myetherwallet.com ?

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cardboard (61) · 7 years ago

Sorry, electrum, lol.

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cardboard (61) · 7 years ago

More info:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-split-warning

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bl0ckchained125 (44) · 7 years ago

Splitting the chain for the sole purpose of making a profit?

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cryptomagic (46) · 7 years ago

Don't be throwing around accusations like that. Who would think of doing such a thing... o.O...

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cardboard (61) · 7 years ago

No - for gaining the control.

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shaw1 (47) · 7 years ago

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asjadmohd (28) · 7 years ago

Oh wow btc is best cerancy

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cryptomagic (46) · 7 years ago

@kingscrown Thanks for the info !

Creating a newer and lesser value altcoin that is going to try compete with Dash, LTC...etc... doesn't make much sense to me, but hey, there's a lot of them out there making money so why not.

Glad these articles are coming out now. We need some real feedback into the market to gauge the wider public interest.

Weather is forecasting some drops of BTC value with a big spike of FOMO around the 2nd of August..... ha!

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transisto (74) · 7 years ago

What is worth nothing, on bitfinex?

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jjb777 (56) · 7 years ago

Thanks

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estellemcl (37) · 7 years ago

Thank you for letting us know. Now we know why everyone is freezing the accounts.

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jjb777 (56) · 7 years ago

Sounds very complicated. Why do they want to do this?

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cryptomagic (46) · 7 years ago

Money, money aaaannnnddd money. It's being talked up like an ideological battle or something to do with principles, but it's basically a rally to take the opportunity to make an altcoin that gets a boost from it's link to BTC. That's my two cents anyways.

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arcange (73) · 7 years ago

Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:

Upvotes - Ranked 4 with 422 upvotes
Pending payout - Ranked 3 with $ 367,08

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thaher (42) · 7 years ago

good luck

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charline (56) · 7 years ago

Interesting post 👍

Up voted 🔝

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ikenna (37) · 7 years ago

Nice one, sir

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https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group

cryptocoinclub (47) · 7 years ago

I think this is probably the biggest danger in crypto right now!

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coolhandcanuck (42) · 7 years ago

Btc initially championed decentralization, a system of defined rules for money and user choice..the discussion is now how miners and dev's have all of the power and can impose their will on the community through signalling for miners and through only recognizing one coin on an exchange. Btc future filled with confusion and uncertainty. Very sad-hope that the community revolts and requires a better governance structure.

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randowhale (67) · 7 years ago

This post received a 4.6% upvote from @randowhale thanks to @buzzbeergeek! For more information, click here!

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adsactly (80) · 7 years ago

Fantastic Post as always @kingscrown we are always looking forward to reading the posts you make!

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dreamrafa (66) · 7 years ago

A split doesnt sounds good to me...

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cryptomagic (46) · 7 years ago

Would be great news if you have some BTC already! Will depress the price in the lead up then hopefully show gains after everyone realises that it really changes nothing to see another altcoin enter the market.

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firemonkey (37) · 7 years ago

Both ViaBTC and Bitmain have been supporting the New York Agreement from the start. Planning a UAHF on the 1st of august seems not in line with that agreement. The market was very happy when the SegWit2x compromise finally got all miners aligned. If ViaBTC and Bitmain now support a UAHF that seems to me a sign of unreliability and I am sure the market will not be happy with this new controversy. It will not be good for the general image and the acceptance of the bitcoin.

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kingjan (53) · 7 years ago

Very informative post . Read more @kingjan
https://steemit.com/cryptocurrency/@kingjan/important-notice-potential-bitcoin-network-disruption-august-1-2017

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questranews.com (16) · 7 years ago

Thanks for your contribution

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wavemaster (43) · 7 years ago

I wouldn't keep any of my coins in the exchanges, that is a good way to loose them.

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streetstyle (72) · 7 years ago

@kingscrown, not to be confused with Bitconnect's BCC coin.

Also, this requires transferring bitcoin to viabtc?? if so, I don't like that but then again, to each their own poison.

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storytime (25) · 7 years ago

This is very interesting , thank you for informaton!

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tradz (58) · 7 years ago

Resteemed
Thx

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maheshkapgate (25) · 7 years ago

Add me your group and fallow, voteup ,helpme

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ico-hunter (25) · 7 years ago

what. split - already? that was fast

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cardboard (61) · 7 years ago

Not yet, August 1st.

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futuristgear (56) · 7 years ago

I thought BCC was the BitConnect coin and nothing to do with BTC?

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cardboard (61) · 7 years ago

Lol, thet took the same acronym ;)

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futuristgear (56) · 7 years ago

Oh I see! :-P

I've just noticed @crypt0 mentions BCC in his latest vid too.

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rawpride (62) · 7 years ago

Thanks for the info, I'm ready for a split chain if it happens, I will have coins on 2 CHAINZ! In seriousness, BCC is already taken by BitConnect

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bitinformant (40) · 7 years ago

Are these just futures tokens? Don't we need to have a hard fork for there to tradeable Bitcoin Cash?

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padmakshi (52) · 7 years ago

Great post thanks for sharing

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briantec01 (42) · 7 years ago

Like a bad divorce, some differences appear to be irreconcilable. Such is the case with the Bitcoin ABC scaling proposal, which may split the Bitcoin blockchain via a user activated hard fork (UAHF) on August 1. The solution was announced by bitcoin company Bitmain as a contingency plan for the user activated soft fork (UASF) that is scheduled for that day.

In anticipation of this split, ViaBTC has begun trading Chinese Yuan for their new Bitcoin Cash (BCC) coin. This token will support the new blockchain should the hard fork occur.

Source

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captain85 (32) · 7 years ago

Thanks

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https://steemit.com/steemit/@santoshanusuri/omg-have-you-ever-seen-80-years-old-hero-and-model

santoshanusuri (47) · 7 years ago

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ralph.clayton (54) · 7 years ago

Actually, this might not be a bad idea at all. BCC want's to upgrade the block size to 8 mbs. THAT is a huge upgrade compared to the current official proposition of bitcoin.

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pobi (44) · 7 years ago

Datz great @kingscrown
Im hoping to get involved

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stargazer512 (25) · 7 years ago

If everything will go bad with the split and the drama, and considering Ethereum still has some major security issues (millions of dollars were stolen literally week ago because of parity vulnerability) - all of that can mean a probable temporary dark age for cryptos in a near future.

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t3ddy (39) · 7 years ago

So the trades have been started showing now on coinmarketcap.com . The trade is pretty much going sideways and i think will continue the same throughout this month.

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cajalias7 (48) · 7 years ago

nice post..

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cajalias7 (48) · 7 years ago

hola a todos ayudenme a tener votos-- sigamonos--

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talltim (57) · 7 years ago

BCC == Bitmain Cancer Coin

If you want a centralized corporate alt-coin, then get into BCC.

The rest of us will be in BTC, watching the show with our HODL popcorn.

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