/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
I've been into crypto for years (but not very seriously) and I've yet to see one single explanation of the controversy between the two that does clearly come from someone with a strong bias towards (and probably financial interest in) one side.
🔵 EOS vs Ethereum vs Bitcoin vs Bitcoin Cash – A Review of my Portfolio: EOS, BTC, BCH, ETH, DAPP token, Silver. A big EOS update and talk about the future of blockchain interconnectivity with LiquidApps.
Bitcoin vs Bitcoin Cash Transaction Fees (High Transaction Throughputs)
Source: https://bitinfocharts.com/comparison/transactions-btc-bch.html A lot of people claim that the only reason Bitcoin Cash is cheap is because nobody uses it, and no transactions happen on it. I did my own research, and using bitinfocharts.com (a very useful website for cryptocurrency statistics), I compiled the transaction fees when Bitcoin and Bitcoin Cash were experiencing similar transaction volumes (amounts), and from the data, it is clear that Bitcoin Cash functions far better at transferring money. The craziest part about this is the fact that the Bitcoin Cash transactions would confirm in the next block, giving relatively fast transactions, while Bitcoin itself had confirmation times up to hundreds of minutes, and still is very slow to this day. I just saw a thread earlier today where someone wanted to make a transaction on chain, and they had to pay a 40 cent fee for the Bitcoin to transfer (which took ~3 hours). They only transferred a few dollars, so the transaction was pretty much eaten up by the fees. Someone made a thread related to these high transaction fees in Bitcoin back in 2016, and the mods deleted his original post: https://www.reddit.com/Bitcoin/comments/48m9xq/average_confirmation_times/ Another argument I hear supporting Bitcoin is that it is the most secure network, and while that is true at face value, there's more to it than that. People tend to cite https://howmanyconfs.com/ as the website to support the idea that Bitcoin is the most secure network. The problem is that the security payoff is objectively worse. Bitcoin Cash might be 35x slower to get the equivalent security of the 6 confirmations on Bitcoin, but this completely ignores the fees needed to make such a transaction. If I want a 1 input, 1 output transaction with the same fees as Bitcoin Cash, I would have to wait for 504 blocks (minimum), and the fees would still be higher than that of Bitcoin Cash. After waiting 3.5 days, I think it's safe to say that the Bitcoin Cash transaction is already significantly more secure than the Bitcoin transaction after having 504 confirmations, when the Bitcoin transaction only has 1. I think it's crazy that despite how much objectively better Bitcoin Cash is when compared to Bitcoin, I've never really seen anyone switch over and start supporting Bitcoin Cash instead of Bitcoin (mostly for price and speculative reasons).
Whats best for withdrawal: Bitcoin Vs. Bitcoin Cash?
So this is my first time withdrawing from Ignition. I just setup my Coinbase account. Two of the options for withdrawing from Ignition is Bitcoin and Bitcoin Cash. Does anyone know what the difference is? I was gonna do the regular Bitcoin but Bitcoin Cash was the first o[ption. Thanks!
05-28 09:24 - 'Bitcoin vs Bitcoin Cash' (self.Bitcoin) by /u/SpiritedOwl3 removed from /r/Bitcoin within 39-49min
''' Although most [cryptocurrency derivatives platforms]1 deal with Bitcoins, there is another similar asset known as Bitcoin Cash that may confuse some traders. This article will explain some of the reasons for why Bitcoin Cash exists and how it is different from Bitcoin. Despite all of its revolutionary advantages, Bitcoin still has certain issues and challenges. Perhaps the most glaring of these, is the speed of its transactions. Currently, it can handle about 7 transactions per second, much slower when compared to traditional credit card companies (about 24,000 transactions per second). In order for the system to continue to grow and scale up, many agreed that some changes had to be made.
The Birth of Bitcoin Cash
As the transaction speed issue became more relevant, a second group within the [Bitcoin community]2 grew. One group of course wanted a solution that would allow Bitcoin to scale, while the other group insisted that Bitcoin was never meant to be used for constant transactions. Eventually, through a process called a Hard Fork, the Bitcoin system was split and Bitcoin Cash was born. This new asset has a block size limit of 8 Mb (while Bitcoin only has 2 Mb) but uses the same code base as its predecessor. Bitcoin Cash allows for around 2 million transactions a day.
So now that we have these two options, what are the differences? Once again because of the increase in block size, not only are more transactions processed per second when using Bitcoin Cash, but these are also cheaper. The new name also makes a difference. The addition of the word ‘cash’ denotes its capabilities as an actual form of currency that can be easily and universally used for common purchases as adoption increases in the future. However, one potential drawback is the risk associated with using Bitcoin Cash at this moment. Where Bitcoin has an incredibly large amount of mining pools (making it difficult to coordinate a 51% attack), Bitcoin Cash has 51% of its network controlled by three mining pools. Addressing the cryptocurrency’s reliance on these three major groups will be a significant challenge the Bitcoin Cash must overcome. Stay tuned for more blog articles on different concepts and ideas that will improve your knowledge of [Bitcoin Trading]3 . ''' Bitcoin vs Bitcoin Cash Go1dfish undelete link unreddit undelete link Author: SpiritedOwl3 1: p**mex*com/ 2: ph**ex**om/r**erences/arti*le**bitco*n-vs*bi*co*n-c*sh 3: phe*e*.co*/ Unknown links are censored to prevent spreading illicit content.
Bitcoin vs. Bitcoin Cash: An Overview . Since its inception, there have been questions surrounding bitcoin’s ability to scale effectively. Transactions involving the digital currency bitcoin are ... Bitcoin vs. Bitcoin Cash: Unterschiede. Die Bitcoin-Währung besteht aus dem Bitcoin-Code. Das ist eine Blockkette (Blockchain), die sich aus einzelnen Blöcken zusammensetzt. Ein Block ist eine ... Bitcoin Cash vs Bitcoin – die Vorzüge von BTC leigen auf der Hand. Bitcoin war die erste Internetwährung in der mittlerweile immer länger werdenden Kryptowährung Liste.Zu den wichtigsten Leistungsversprechen von Bitcoin gehört die Dezentralisierung, um Regierungen und Banken nicht mehr die Geldversorgung einzubeziehen. Bitcoin vs. Gold Kapitel 3: Gemeinsamkeiten und Unterschiede. Nachdem wir oberflächlich beleuchtet haben, wie Gold zu seinem Wert gekommen ist, können wir die gleichen Erfolgsfaktoren bei Bitcoin suchen. Einen Indikator für eine solche mögliche Ursache haben wir bereits durch das Stock-to-Flow-Verhältnis kennengelernt. Des Weiteren haben wir bereits im Kapitel über die ... Bitcoin vs. Litecoin (LTC) When Litecoin first launched in 2011, it was said that “if bitcoin is digital gold, then litecoin is digital silver”. For a long time, that was the case. Litecoin quickly emerged as the second largest digital currency after bitcoin, as measured by market capitalization. The altcoin even experienced a degree of merchant adoption in its early years. Its popularity ...
Bitcoin Vs Blockchain Difference Between Bitcoin and ...
Bitcoin Cash was launched in August 2017 and since become Bitcoin’s most popular cryptocurrency that has forked from bitcoin network. The reason of this fork... Video explicando la diferencia entre Bitcoin (BTC) y Bitcoin Cash (BCH). ¿Qué es Bitcoin Cash? Fork o bifurcación de Bitcoin. CORRECCIÓN IMPORTANTE!!! El tam... Litecoin LTC is one of the behemoths of crypto. A consistent fixture as a top 10 cryptocurrency, Litecoin was created to improve upon the bitcoin protocol. T... Google Trends is sponsored by Mack Weldon. Go to https://www.mackweldon.com and get 20% off using promo code “trends” Back in '91 I made the bold call to inv... In this video we compare the traits of money between Bitcoin, Gold, and Fiat. If you watched my previous video talking about "What is Money and How Does it W...