Honza Cervenka says "Bitcoin VS Bitcoin Cash !?!?"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Original date of upload: December 21st, 2017
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Well, that was pretty short. In my opinion, it's better to put hardforks on Bitcoin and solve the issues that it may have than to go creating new cryptocurrencies to "substitute" the one that is already on the way to improvement, to become what we really want.
Otherwise, we'll be promoting eternal branching and weakening of each cryptocurrency that we want to support and that will probably end up in many of the concepts dying from weakness in the face of other stronger cryptocurrencies that may not be as good but have been solid since the start.
True I do see merits in hard fork but they lead to less nodes. Don't get me wrong bitcoin will need to do a HF to make the LN even cheaper and faster. However the concept of just HF justs seems sad. Oh we need to scale...let just inc the blocks and sacrifice some nodes . Second with the use of atomic swaps and other tech-bitcoin sidechain will become so easy to use. These sidechains will give the tech of altcoins the price and brand name of bitcoin.
I definitely chose bitcoin as well. However, when you mentioned bitcoin cash I remember your friend Marc De Mesel who is actually invested in bitcoin cash. And he did pretty well in past as well. I’m invested in bitcoin cash a bit as well, but mostly in bitcoin and other known cryptocurrencies. Definitely with you on bitcoin.
I am not so much of chooser but more pragmatic in matters of crypto currency. This might sound shallow.................
hear me out - building on the premise of what you state. That decentralization is the key aspect. Even primary factors like scaling come after it. There is going to come a time where govt's would force the semi-centralization of crypto's and this probably what you refer to as crack down. We need as many nodes as possible and we need the width of social spectrum, i.e. that people from all walks of life participating on the blockchain - particularly crypto's. Which would include things like mining to tender to trade of the coins.
At the end of the day I believe that if a currency can justify it's existence in the market then I will take recognize it. No matter the fork or the source (as long as it is open source with multiple nodes).
That all being said I still like to clarify that I hold Bitcoin in my portfolio but no Bitcoin cash.
Short therm bitcoin cash can outperform bitcoin. But if I had to chose, it’s no brainer, it’s bitcoin. Even though bitcoin cash has lower fees as of now, I’m sure it will eventually levels out. You need bitcoin to buy other currencies. And as you mentioned example of China, decentralization... without doubt bitcoin “legacy”. Just imagine if you eleminated these two coins, which one do you think will have bigger impact on overall crypto market?
Simple explanation and I agree 100% with you. Decentralization comes first and it is most important thing for BTC.
This fight between bitcoin and bitcoin cash has become very irrational. The fanatics of each coin focus on talking badly about each other. The most rational is to maintain a unbiased stance, to support the currency that is most useful and innovative, it is not a question only of reputation and fanaticism
this one right here ^^^
Thank you for speaking my opinion.
Depends on the reasoning. Bitcoin is the brand, the name, the future. It will always be a store of value, very limited supply and it tradable against all other coins on exchanges. So it will continue to grow in value.
Bitcoin Cash on the other hand, has faster transactions, lower fees and is more likely to be adopted for day to day use. As it is partnered officially with Bitcoin it will continue to grow in popularity.
"Bitcoin Cash has the advantage of lower transaction fees and faster transaction times. The more widely used Bitcoin has been testing a new technology, called Lightning Network, that, if deployed at scale, could significantly cut Bitcoin Cash’s advantage..."
https://goo.gl/YjvaeV
Bitcoin vs Bitcoin Cash.... which side am I on? Steem! Bitcoin is good and everything but it's running on obsolete tech at this point and they need to speed up development if they want to survive 2018.
bitcoin is the real bitcoin
for now bitcoin seems a safe bet , with cash being a secondary one possibly cheaper , it may even out after a while as something else will come along
Other wise we would have litecoin core,dash core and etc
Hi louis even i am new in this world of crypto i am agree with you
BTC for the win :)
Am with bitcoin buddy, bitcoin has been around for a while and i have some basic understanding about it. This bitcoin cash is new and i dont even see its use, i might be wrong tho
Good video! Resteemed!
Im in favor of bitcoin myself but i acknowledge that bitcoin cash is a great product.
In general, these two cryptocurrencies do not differ a lot, aside from the transaction potential. Both of them have the same hashrate, while users believe that there is not much difference on the front end of these two assets.
However, the greater transactions processing power implies faster payments and lower fees. This comes as a great advantage.
They don't have the same hashrate......
And many users know the diff between the two know.
One is LN,sidechain+onchain and other is on chain for the glory..
But yes the coin that is most decentralized yet offers speed is the winner(cough bitcoin..)
I have yet to hear a compelling argument for BCH apart from transaction fees. Will this argument still hold once the lightning network is fully deployed .. I doubt it. IMHO there seems to be commercial interests behind BCH and a dodgy agenda to convince people that BCH is the real bitcoin. I prefer the original.
Bitcoin Cash is the result of a bitcoin fork. It is extremely similar in many ways to bitcoin, but Bitcoin Cash has a few technical differences that make a big impact.
One difference, which has many significant follow-on effects, is the difference in block size. Bitcoin has a 1MB block size, while Bitcoin Cash has an 8MB block size.
Not exactly bitcoin has a block weight know which in layman term is a 2-3mb block inc done by a soft fork. Some nodes store 1mb of data other 2-3 mb. This is segwit with the use of segwit comes other tech such as schoor and etc...
32 MB now
Bitcoin Cash on the other hand, has faster transactions, lower fees and is more likely to be adopted for day to day use. Bitcoin Cash is the result of a bitcoin fork. It is extremely similar in many ways to bitcoin, but Bitcoin Cash has a few technical differences that make a big impact.
Yes sir, Bitcoin is the best.
Both coins are very similar, but it’s the differences that count.
Bitcoin Cash (BCH) is the result of a bitcoin fork. It is extremely similar in many ways to bitcoin (BTC), but Bitcoin Cash has a few technical differences that make a big impact.
So does bitcoin(btc) it has malleability fix that lead to second layer.
I am definitely with you on that @louisthomas
Decentrallization should be everyone's number 1 priority!
And also I am on original BTC too even there are rumors that BTcash is the original BTC...
So technically you left it open ended since either can claim to be more decentralized under different a rationale and can claim to be the original bitcoin. You didn't answer the question.
I choose bitcoin cash because it is more fast in transactions
I chose bitcoin bc well I tested out the LN and it so fast and cheap.
bitcoin was the king
bitcoin will be the king
bcash is opposite to satoshi's vision
This is the best answer you can give, decentralization and security come first!
I have heard about bitcoins .. but I didn’t know much about Bitcoin cash ... thanks for sharing this video ... Now i got some idea about Bitcoin cash too
The Bitcoin vs Bitcoin Cash thing always confuses me. I'm with you on the decentralisation coming first. Which one is that then?
Bitcoin
Bitcoin all the way
This video is very old and it’s kind of not relevant today’s crypto world.
Did you just get downvoted just for speaking about Bitcoin Cash?
I agree.
The debate is over. There is BTC and nothing else. The entire BCash fork did not solve the problem. Now they are going to 32MB sized blocks....can you imagine trying to download that blockchain?
Also, according to the apostle Bitcoin Jesus on CNBC, he said that Bcash can now do 30 TIMES what BTC can...wow that means 240 transactions per second.
Don't worry my dude they'll just go to Tb block to get 6 mill tps. ;)
Team Bitcoin! An original is always worth more than a copy. Both have pros and cons and Bitcoin Cash is currently sitting at a much smaller valuation than Bitcoin, but I still prefer the original Bitcoin.
I am a BTC holder, however my first interest is the ecosystem as a whole. The problem with Bitcoin Cash is for new investors it is very confusing. Most people don't even know there are forks of BTC and then don't even know what are forks.
No one would have a problem with BCH if they just made a fork and moved on, the issue is they are using a number of sneaky tactics to pretend BCH is "Bitcoin", these causes even more confusion and in my opinion is downright fraud.
100% upvote for that! Bitcoin is bitcoin and all these forks including Bitcoin cash need to stop trying to claim themselves as it. Utterly annoying what the devs and guys are doing over at bitcoincash there is just no end to their brash and trashy shady tactics.
Bitcoin Cash vs Bitcoin – a war of two crypto titans!
. I love the way in bitcoin there two diff forces making the rules for bitcoin keeping each in check. Full nodes and Miners. I also love the LN and side chains tech that are being/going to be used in bitcoin/