Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitserve
on 19/08/2017, 06:06:16 UTC
I just want to use Bitcoin as a currency. I honestly do not care too much about the small differences between the two chains. They both have SegWit which will allow the Lightning Network which will allow for fast, cheap microtransactions.

Not really. BCH doesn't have Segwit, doesn't fix tx malleability and obviously LN can't play with tx malleability without other workarounds (?). It's just "bigger blocks".

Didn't BCH fork off after the Segwit lock in? Or did they fork with a version that did not include it?

Would make sense as Wu would not want to expose his AsicBoost usage once SegWit gets activated. Much easier to just create a whole separate chain where he can continue to use it to mine blocks at an advantage.

I think it forked BEFORE lock-in. Anyway, until there are actual Segwit tx's after ACTIVATION the blockchain was compatible. They just took a snapshot of Bitcoin blockchain at 1 Aug and started building blocks on it with their custom rules.

Bitcoin didn't fork. THEY created a completely separate fork, which is not the same.

Bitcoin Cash it is in fact compatible with AsicBoost.

Their custom rules are mostly just larger blocks and mechanisms to ensure transactions for each chain are only valid on one chain to avoid replay attacks.  The full details are here:
https://github.com/Bitcoin-UAHF/spec/blob/master/uahf-technical-spec.md

And a different difficulty adjustment algo... and god knows what else there in the code..... including bugs.