Post
Topic
Board Bitcoin Discussion
Re: Poll: What do you think will happen with bitcoin in August after the fork
by
junan1
on 28/07/2017, 08:37:36 UTC
As far as which is the altcoin, if you go by the Satoshi whitepaper, BCC is the original and continuing on the original chain. BTC w. SegWit cuts it up and modifies it which, to me, is the altcoin since it is no longer the same chain from the genesis block. It is a fundamentally different chain from a code and technology point of view.

I don't disagree.  I stand by the claim I made on Monday on HostFat's thread:
"Altcoin" implies not Bitcoin but both of these coins have a good claim to the name "Bitcoin".

If you think that one of the branches is not really Bitcoin then I challenge you to identify it and explain why.

I am also in agreement that mid November is going to be the real date to watch. If Core does not apply the 2x, from what Bitcoin.com mentioned, they will move hashpower to BCC. After that i think others will follow. I think instead of another hardfork, miners will skip SegWit all together and back BCC.

It's a possibility.  A hardfork affords the opportunity to clear out a lot of technical debt and elegantly fix many problems, including all those that SegWit addresses (see: Flexible Transactions).  While it's young, Bitcoin Cash could easily undergo such a hardfork upgrade and absorb some good tech from other teams that have shown interest: Bitcoin Unlimited and Bitcoin Classic.  Grown well, Bitcoin Cash could serve as a lightning rod in the coming SegWit2x storm.

By the way, I've started using the ticker BCH instead of BCC now that both Bitfinex and Kraken have adopted it.  The conflict with BitConnect Coin was bugging me.