You are viewing a single comment's thread from:

RE: Jeff Berwick On The Bitcoin Vs. Bitcoin Cash Debacle

in #bitcoin7 years ago

This is really a bullshit image. The first of August Segwit got implemented with the support of about 99% of the miners. The same moment Bcash forked off with a tiny minority. A fork is originally an update of the network, and the vision of Satoshi is that an update only happens when there is a majority supporting it. So Bcash is a failed upgrade (no consensus at all) and Segwit is a successful upgrade. Bcash is clearly an altcoin, and a useless one (Litecoin and Dash are way faster).

Sort:  

You make some statements which are true, but most of it is false.

An altcoin is something which is not Bitcoin. What is Bitcoin then? That's what the design paper explains.

You can't simply rely on hashpower, number of transactions, market cap metrics, popular opinion etc, or else any coin could be Bitcoin if they just gained those metrics.

"Bcash" is an orchestrated attempt at confusing users. The fork is called Bitcoin Cash, so why not use that name? The name was after all chosen in order not to confuse uninformed users more than necessary. Otherwise it would have been called Bitcoin straight out of the gate.