Hey my point is that SegWit is also an altcoin. And that only Satoshis protocol is Bitcoin. But please feel free to disagree. However, who amongst you will actually read all the linked discussion and blogs to get an in depth introduction to all of the factors involved?
http://archive.is/yPH9c (formerly
https://bitcointalk.org/index.php?topic=2251762.msg22882066#msg22882066)
Follow-up:
http://archive.is/8TEFu#selection-20289.0-20289.23 (formerly
https://bitcointalk.org/index.php?topic=2251762.msg22889412#msg22889412)
It is doing well, all things considered. I think it has potential for a "fake" copy of bitcoin, it is actually dong very well and is priced above ethereum.
SegWit
is the fake copy.
This is going to be quite shocking to most of you.
Satoshi
planned it out well, that you would have your fingertips burned up to your armpits to teach you about immutability.
But since its just another altcoin, it will remain in the public just like hundreds of coins in it existence.
Disagree.
It seems youve failed to comprehend
my posts in this thread.
BCH is the only airdropped (i.e. not a totally new issuance such as LTC) fork of Bitcoin which is compatible with Satoshis immutable design for Bitcoin. SegWit is the fake, and it has huge security holes.
There are very powerful groups that are prepared to buy all your BCH with BTC that they plan to steal back with a chain reorganization. I am talking about people with millions of BTC.
Also the design of SegWit enables any mining cartel to steal all of those outputs, unlike non-SegWit transactions (the BTC for BCH can be stolen because the attacker has the private key for when he spent the BTC for BCH and can double-spend it later).
maybe BCH will be shitcoin, bch can not compete with Bitcoin
BCH is Bitcoin. SegWit is not Bitcoin.
Did you comprehend
what I wrote?
But anyway, investors still believe in BTC very much
BCH is BTC. BTCSegWit is not BTC. What are you saying exactly?
Are you saying that most people are ignorant of technology and thus they think SegWit BTC is BTC and thus they are fooled? If so, yes I agree with you and they may lose their BTC because of their ignorance.
We have industrial miners mining bitcoin and bitcoincash. Miners need to choose one for a long term predictable profit. (regular switching won't be suitable for large miners.) And Bitcoin is still the king in that algo.
Bitcoin is the king. So why would SegWit which is not Bitcoin win when in fact SegWit attempts to steal revenue from miners by moving transactions offchain and renders proof-of-work insecure because it creates a booty of pay to anyone transactions which a mining cartel can steal.
SegWit is incompatible with Satoshis protocol and destroys the security of proof-of-work. BCH is compatible with Satoshis protocol and does not create insecurity.
Besides the whales of Bitcoin have already decided and theyre just waiting to trap all the fools in SegWit BTC and steal your BTC from you with a chain reorganization. Theyve warned you all many times but youre all hard-headed. So the only way they can teach you to respect the immutability of Bitcoin is by taking your BTC away from you.