ViaBTC starts trading BitcoinCash BCC (Possible split chain of BTC)
While Segwit got locked and looks good so far BitcoinABC scalling solution seems to not be giving up.
They still want to run USHF (User Activated Hard Fork) at 12:20 1st August 2017 (UTC time) which may end in chain split.
Initialy USAF was the plan for 1st August but seems current BIP91 lockin made it obsolete (we will see though, nothing is sure yet).
From today ViaBTC allows trading of BCC and it got today to as far as 5,999 CNY (886 USD).
Worth nothing that since longer time BitFinex Exchange has split tokens futures trading.
My text about its start here: https://steemit.com/bitcoin/@kingscrown/bitfinex-adds-trading-of-bitcoin-forks-bcu-and-bcc.
But they are named opposite BTU up there is current BCC, and BCC looks like will stay as BTC.
It is suggested to move BTC out of exchanges before Aug 1st to be sure if chain splits - to have both coins.
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Related to your post is this very interesting and at the same time very concerning theory about the bitcoin split ....
https://steemit.com/bitcoin/@ancap47/govt-sponsored-segwit-is-doa-dead-on-arrival-here-s-why
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...
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.
Everyone is free to mine China coin. But Im not sure about the adoption...
Follow up and vote for me, please
This comment has received a 0.46 % upvote from @booster thanks to: @katiepelc.
Prices don't lie: https://steemit.com/bitcoin/@ancap47/1-mb-segwit-bitcoin-down-big-block-bitcoin-cash-up-free-markets-don-t-lie
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.
This post received a 4.3% upvote from @randowhale thanks to @cardboard! For more information, click here!
Shills get censored on this forum. Don't like it? Invest more than $100.
Censor the post above;)
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)
The end is yet to come. Optional arrangement are always availabe
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.
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.
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.
How do you get paid by blockstream? I want that too!
I'm really looking forward to this! BCC to the moon!
Happened years ago after majority of BTC core board was replaced in short order and before Mt. gox sploded. Bankers weaseled their way in.
When a relationship goes bad, a splitup is good. Positivity comes back when people agree with each other.
A friendly hardfork sounds good to me...
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. :)
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
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.
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?!
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
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.
If so, why there's 100% SegWit signalling now? Also, some more info:
https://steemit.com/bitcoin/@cardboard/bitcoin-segwit2x-update-split-warning
Upvoted to counteract downvote.
100% signaling is to prevent UASF (BIP 148) on 1st Aug, BIP 91 is lesser of two evils imo.
Don't listen to 'cardboard'...he is most likely a Blockstream shill.
Lol yeah, I got paid by AXA ;) by the way, dude, yu need more SP to downvote everyone that dont agree with you!