Bitcoinwisdom bitcoin cash
Now lets move on please. Yes it is a good technological step for the cryptocurrency. But this is the reason why it hard forked in the first place. Apart from the drawbacks this has in terms of data still being stored on the blockchain, I see two main problems with BCC:. The one thing that is keeping BTC the unrivaled 1 in the crypto world is the first mover advantage and the associated fame it has accumulated over the years.
Most potential investors have heard of Bitcoin. Not that well known. Sure BCC has been in the news a lot during the fork and will gain attention during its rise up these days.
But is that enough to beat BTC in the longer term? And BTC has dipped further. The question I am asking then is this: Do we need another bitcoin clone with some tweaks? Or should we invest in coins that offer something better? Bitcoin in it's infancy has always been Turing Complete - We just couldn't see it Still working on the math myself. But some people get it First Step was surviving a difficult birth. Everyday it lives it gets stronger.
Could see some massive developments. Read your post as well. However I am still of the opinion that other currencies offer better alternatives than BCC.
Unless BCC is to become 'the real Bitcoin'. Thanks for responding, really appreciate it! I think the whole reason BCH ever got as much attention as it did was because of timing, significant hash power at inception, shiny object syndrome people love hype and free BCH. Also read and replied to your post. Love the John Galt reference lol. I have become wary of the Bitcoin Cash project it eases the pressure on my favorite proposal: The ultimate goal of Bitcoin Cash is the destruction of Bitcoin aka SegWitCoin - and I believe that will be bad for all crypto in general, even though Bitcoin Cash would take over the throne.
Bitcoin Cash will either be the new Bitcoin by new year, or it will have an insignificant market price compared to Bitcoin. I appreciate the detailed reply. I also think some miners will switch to BCH as long as it is significantly more profitable to do so.
With regards to the shared addresses, is that really an advantage. I think it may confuse people more possibly. And I am not sure if BCH will indeed be easily implemented by merchants. Although technically feasible, still probably reluctant until it really takes over from BTC. Maybe it is not as widespread as i think though and there is an interest to get BCH working.
What noobs are not realizing is that this increase in profitability for BCC mining is temporary. Eventually the difficulty will adjust and balance out on both chains. With Segwit on the pipeline and the many layer 2 solutions it brings I wouldn't bet all my eggs on BCC. I'd rather keep my stake planted in both chains and sleep well at night. Betting on just one could backfire badly. If all miners could change chain instantly, and if all miners would always optimize for the best short-term profitability, then Bitcoin Cash would soon be a winner and Bitcoin would be dead.
Without miners on the Bitcoin chain, we'll never get to the next difficulty readjustment checkpoint, and it will forever be "too difficult" to mine bitcoin. This is the selling point of Bitcoin Cash. The Bitcoin Cash fanatics strongly hope that this will take place. Personally I believe most mining pools will stick to Bitcoin, there are too much stake at hand - if Bitcoin "SegWitCoin" was to die, it would take years before Bitcoin Cash gets into the same position as Bitcoin is today.
We'll probably see a certain percentage of the mining power flip-flopping between the chains every time one of them gets more profitable than the other, though.
Seeing the mining difficulty chart at https: Of course, there is quite some inertia, we'll see what happens Monday - but I predict the Bitcoin Cash value will fall unless a significant amount of miners are changing horse on Monday. It will even out very soon. I would sleep better with a few of these BCC. Not buying them now anymore though.
Another well-written post, attalis. I share your perspective on bitcoin cash being a copy-cat basically, only changing a few things from the original bitcoin, like many other altcoins do.
The only major competitive cryptocurrency of any kind that has a chance to overtake BTC as the top contender, I believe, will be a platform-based crypto filling in the gaps that still exist.
If you're going to release a fork or new blockchain, at least spread the wealth out. Allow other miners to get on board. Thanks Tunnelrat, appreciate the comment. Guess we are on the same page on this one. Which alts are you liking at the minute? Still holding my UNO of course. The altcoins that interest me most right now are platform based actually. I can see them having a strong future with mass adoption of blockchain tech applies. As we get blockchain-based social media, e-commerce and the likes built with DAPPs or otherwise.
Seems to be designed to cater to the Facebook crowd. Library LBC also looks like a good concept in the early stages, but development and UI seem a little slow.
That is a Proof of Storage model for sharing media. It is a Java-based wallet. Trouble with most altcoins is that they are currencies, which will most likely never compete with bitcoin.
Introduce a platform that is scalable while distributing wealth on an equal or fair play basis that third-world users can profit from and you have something. What do you think? I'm sure there are plenty more out there like NEO that I haven't looked into yet, hard to keep track.
Yes you're right, I guess i am too influenced by Worldcoinindex. Should try to stay away a bit more from that site. Click here to read more! But Litecoin already is a tweaked version of Bitcoin? Yeah sort of, different algorithm and 4 times faster block times though. It also has segwit activated already also. Until people can actually use BCH for something other than speculating on it will remain an alt-coin in my book.
Come to look at your blog as you suggested. I am not really into crypto yet. But I am very interested in Bitcoin. I do a love and marriage blog if you are interested. Money may put food on the table but LOVE makes the world go round! This post received a 4.
For more information, click here! Segwit not implemented 8 MB blocksizes vs 1 MB Apart from the drawbacks this has in terms of data still being stored on the blockchain, I see two main problems with BCC: Would you trust your investments in a currency that can be attacked at any time?
The blockchain is supposed to be decentralized and trustless! However with mining in BCC becoming more profitablethis issue may be solved in the near future. If investing in other than BTC, why not invest in any of those instead of a clone with some tweaks and which is still suffering from old technology and legacy issues that cannot be easily resolved without starting from scratch.
Many altcoins indeed have taken on board the lessons learnt in the BTC project and are in a position to offer a better product. Some offer smart contracts, some offer privacy, others offer faster transaction or settlement speed and so forth. Or they even offer a combination of these and other attributes. There are lots of alternatives out there. With far better technology than BCC is offering Authors get paid when people like you upvote their post.
There are three selling points with Bitcoin Cash as compared with other alts: Same mining PoW as Bitcoin, and their algorithm reducing the mining difficulty rapidly if nobody is mining Bitcoin Cash - there is a hope among the Bitcoin Cash fanatics that most miners will defect the "SegWitCoin chain" now that it's more profitable to mine Bitcoin Cash.
As I mentioned in my previous blog post, when I try to fully understand a new technology, I like to explore multiple aspects of it. In this post I will show you how to easily make some extra money or increase your Bitcoin stash by spending only a few minutes a day and with a few mouse clicks.
One thing that always fascinates me is finding arbitrage opportunity and with Bitcoin there are a few points that are fairly easy to exploit one. Coinbase is probably the easiest site to purchase bitcoins and LocalBitcoins bitcoinwisdom bitcoin cash a platform that allows users to sell and buy bitcoins between each other with cash or other payment systems. One interesting feature of Coinbase is that, once you verify your identity and complete a purchase, it allows you to buy bitcoins instantly.
Initially the instant buy limit is very low 0. Once created, visit the wallet page on LocalBitcoins, copy the address, and send your bitcoins from Coinbase to that address how to send money from Coinbase.
You can bitcoinwisdom bitcoin cash this right away or wait until you have been verified by Coinbase. The form is bitcoinwisdom bitcoin cash self-explanatory, but there are a few suggestions:. Once you see the deposit appear on your bank account bitcoinwisdom bitcoin cash can release the escrowed bitcoins by clicking the release button. What I usually bitcoinwisdom bitcoin cash was to immediately contact the buyer, to make sure it was serious about making the purchase and then buy the equivalent amount of dollars requested in bitcoinwisdom bitcoin cash from Coinbase.
If instead of growing your stash of bitcoins you prefer earning some old fashion dollars, simply buy the same amount of bitcoins escrowed and keep the difference. Since now you can buy up to 1BTC instantly, even if you only originally owned bitcoinwisdom bitcoin cash. To give you an example, if you originally bought 0.
People will be willing to pay a higher premium if they know they can trust the seller. One thing one needs to pay attention to is the price trend of Bitcoin, since during a meteoritic rise of the price, even few minutes delay in buying back the coins could mean losing all the margin or more. You can try other payment methods other than cash deposit but beware that Paypal, Chase Quickpay, Venmo and other services allow chargebacks and are often use to scam Bitcoin sellers.
LocalBitcoins does a great job in explaining all the different methods and their bitcoinwisdom bitcoin cash level. Do you give them your bank account number and they go directly deposit it? They can deposit cash directly in any branch of your bank. It will show up immediately on your bank account.
Thanks for the reply. Are you not concerned about giving your full name and bank account number to a complete stranger? You can decide to deal only with people that look more trustworthy, such as those with multiple previous trades. If you decide do run an exchange consistently you could even open an additional account only for this activity. What bank do you recommend for something like this? Well the price is set the moment they request the trade.
So, you set the deal first in LocalBitcoins, then you buy from Coinbase and complete the transaction after that? Yes, as soon as they mark the payment as complete and the deposit appears on my account, I release the escrowed bitcoins.
On LocalBitcoins the price of your offer automatically adjust based on the premium or formula you chose. But once a deal is started by a buyer, the price for that specific deal is fixed. Yes, of course, but doing the process manually gives you a bit more control. So just to be clear, it looks like you have to give you bank account number to do this right?
Your miner will be instantly hashing the moment you purchase it. Track your miner in real time. Payouts are made daily http: Start hashing and earning today. Always up, all the time. You own your miners, forever.
Has hile miners are not contracts. Plus, there are no pool fees to get the most bitcoinwisdom bitcoin cash of your miner. So someone posted that we cannot do this without the advice of an accountant and an attorney?
Is that correct or is that someone simply fear mongering? Coinbase will threaten you they will close your account unless you prove that you closed your Localbitcoins or Bitcoinwisdom bitcoin cash account! Coinbase is good for its cheap rate other than that they are a disgrace to Bitcoins and its decentralization. A way to avoid getting ur Coinbase account closed is to always use blockchain.
Bitcoinwisdom bitcoin cash would they close Coinbase account? Did the try to close your account? No one else complained about it. What do you mean by pass through wallet? So transfer from Coinbase to blockchain.
If you sell bitcoin for profit you better make sure its offloaded in another wallet. Everything I had associated with my wallet address on sites will no longer be valid and Coinbase will collect any incoming transactions. Robbery is what that is.
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Check it out now before the offer expires https: Goodluck you can thank me later. Hi David, This is a relatively old post that I stumbled across. Is this method still viable? Do you bitcoinwisdom bitcoin cash any recommendations?
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However, your ideas are given new confidence to earn big money using BTC. Here is the link of site http: I tripled my bitcoin balance in just 36 hours with http: I think I will use these as a guidance as am new in Bitcoins trade. I bitcoinwisdom bitcoin cash the materials will still be relevant. What are the steps to set IG up local coin base this is where I got scared where do you set your margin.
Also does cashapp and serve2serve allow chargeback. This site is also a good bitcoin MLM: You have to have Bitcoins in your wallet for them to be in Escrow when the buyer places a trade on localbitcoins. Even if you replace bitcoins like for like you have still lost that value from the time you deposited in your wallet to when the bitcoins sold. Do you want to can earn or get up to 1- 10 bitcoin ,from your blockchain wallet. No investment No ads No payments.
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How can i possible do this using a credit card. Bitcoinwisdom bitcoin cash the system practically is: Buy cheaper from Coinbase 2. The only risk is if you buy from Coinbase and then the price goes down? Thanks, fixed it Yes, of course, but doing the process manually gives you a bit more control. Hashie offers a Your miners will never fail or break.
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