So Bitcoin Cash is gonna fork themselves a coin on August 1st

>>2877080

Historically when BTC dips, ETH dips even more relative to it.

My plan is to hold in BTC and LTC, then trade my BTC for ETH when the BTC-ETH dip starts reversing.

Then hold my BCC and see what happens with it. Doesn't seem like many western exchanges will exchange it immediately.

>>2877080
Where do they confirm you will get BCC from your BTC? What's to stop them just starting the new chain from scratch?

>>2877204
this sort of fork was the Bitcoin Cash plan all along, they are just mad everything with the speedups seems to be running smooth and so they decide to create the coin the coded anyway.

>>2877204

"What's to stop them?"

What would motivate them to do that in the first place?

>>2877184
>when the BTC-ETH dip starts reversing.
Can you be more preceise what you mean by that?

>>2877080
It's really complicated.

Ultimately I like the fact that BCC exists because it should help to deter miners from defecting from the 2MB HF.


As a chain though, transactions are almost certainly going to be unworkable, especially in the initial days.


If the 2MB HF goes through I think BCC will become basically worthless. If, on the other hand, core forces miners to defect, you may very well see a huge shift to BCC. It's improbable, but not impossible, that BCC gains the majority of hashpower in 6-12 months.


So I don't know what to say. It may very well be worth actively trading between the pairs. I'd expect to see extraordinary volatility in BCC over the next few weeks

>>2877248

The value of ETH/BTC. Right now it's been hovering around .08 consistently as BTC price changes.

>>2877080
>bitcoin
>cash
what a stupid fucking name.

>>2877243
Starting again, they could premine a shit ton of coins like many of the current ICOs and shitcoins have done.

Also a smaller initial blockchain download could encourage more people to adopt. Even better, if their scam fails, they can just run off with the BTC you send them for your now worthless BCC.

>>2877316

I think a fork off the world's biggest coin would be better for kickstarting a crypto.

Come August 1, hundreds of thousands, perhaps millions of people across the world will have BCC and will be interested in potentially trading it. Sounds better than starting from scratch and emulating sketchy shitcoins and ICOs.