Post
Topic
Board Speculation
Re: About BCC (Bitcoin's Cancer Cell)
by
xDan
on 07/08/2017, 22:39:17 UTC
So, the thing we've been trying to avoid for years has actually happened: a contentious hard fork.

What are the ramifications?

Bitcoin Cancer Cell is the single crypto sharing SHA-256 with Bitcoin. Thus, miners are free to transition between the two as is more profitable. If Bitcoin Cancer increases in price, the market will subtract hashrate from Bitcoin and add it to the Cancer.

The Cancer is not only a direct threat to Bitcoin, but ultimately to itself since it is built on faulty fundamentals: The big block vision is one where blocks become so huge that only a few datacenters will be able to operate nodes, leading to a centralization level akin to PayPal and credit cards.

The Cancer comes from within us. It uses the same forums, chats and subreddits.

It is here to destroy.

The only solution? Excision before it metastazises and it's too late: Miners of the majority fork must band together and kill off the minority fork.

BS. It wasn't a contentious fork at all. It was the exact opposite; a peaceful break away. And it could happen at any time in the future again if even only one person decides to support it, we could have 100s or 1000s of these. Shit, every altcoin could have been implemented as a spin-off.

Despite being a BCC supporter and big blocker, I think original Bitcoin will easily win simply due to the existing network effect.

Stop being a pathetic whiner and let the market sort it out.