create account

What Is Bitcoin Cash? by whatageek

View this thread on: hive.blogpeakd.comecency.com
· @whatageek ·
$2.79
What Is Bitcoin Cash?
It looks like there will be a split with bitcoin on the 1st but it is not as dire as it seems. The vast majority are still behind segwit. But there is a small section that will try to split the coin and make bitcoin cash. How this works, as far as I know it, if the split happens you will get both bitcoin and bitcoin cash for your bitcoin. You can check the futures price of bitcoin cash (I will link it) but odds are it will drop fast as a lot of people will sell it to get more bitcoin or another coin of their choice. But maybe bitcoin cash will hold as its own coin, or maybe nobody will mine it and this will be for not.

If you are wondering what bitcoin cash is it is bitcoin with the limit raised to 8 mb blocks. To be honest I do not exactly knows what that means but it will help with transaction cost (and maybe speed) and will make it work more as cash (hence the name bitcoin cash). For something to work as cash you need to handle a LOT of transactions.  I'm sure there are people who want bitcoin to be more like a cash than a security (gold) so this might have some weight to it.

Here is a link with more info:

https://news.bitcoin.com/what-every-bitcoiner-should-know-about-bitcoin-cash/

And here is a link to the futures price of bitcoin price:

https://coinmarketcap.com/currencies/bitcoin-cash/

https://s21.postimg.org/bbksy8xev/bitcoin-1923207_1280.png

@whatageek

*my upvotes/rep disclaimer: https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorwhatageek
permlinkwhat-is-bitcoin-cash
categorybitcoin
json_metadata{"tags":["bitcoin","news","cryptocurrency","market"],"users":["whatageek"],"image":["https://s21.postimg.org/bbksy8xev/bitcoin-1923207_1280.png"],"links":["https://news.bitcoin.com/what-every-bitcoiner-should-know-about-bitcoin-cash/","https://coinmarketcap.com/currencies/bitcoin-cash/","https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account"],"app":"steemit/0.1","format":"markdown"}
created2017-07-26 00:53:21
last_update2017-07-26 00:53:21
depth0
children20
last_payout2017-08-02 00:53:21
cashout_time1969-12-31 23:59:59
total_payout_value2.613 HBD
curator_payout_value0.172 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,531
author_reputation368,086,984,838,827
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id9,732,757
net_rshares771,878,382,650
author_curate_reward""
vote details (33)
@abhishek587 ·
Thank for sharing knowledge about bitcoin
properties (22)
authorabhishek587
permlinkre-whatageek-what-is-bitcoin-cash-20170726t005430281z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 00:54:33
last_update2017-07-26 00:54:33
depth1
children0
last_payout2017-08-02 00:54:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length41
author_reputation767,312,426,590
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,732,861
net_rshares0
@carterx7 ·
This bitcoin fork possibility is really causing a lot of mixed reactions. I myself was hoping a split wouldnt happen, but I suppose with the type of attention, money and certain types of control this fork could offer those in that position it was bound to happen, or at least someone was bound to try.
properties (22)
authorcarterx7
permlinkre-whatageek-what-is-bitcoin-cash-20170726t070334472z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 07:03:39
last_update2017-07-26 07:03:39
depth1
children0
last_payout2017-08-02 07:03:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length301
author_reputation28,196,886,151,493
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,761,262
net_rshares0
@charbelghossan · (edited)
Keep your eyes on the votes for Segwit and any other bitcoin proposal.Through:
https://xbt.eu/
https://s11.postimg.org/7wvjtutqr/XBTE.png
👍  
properties (23)
authorcharbelghossan
permlinkre-whatageek-what-is-bitcoin-cash-20170726t085749386z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://xbt.eu/"],"app":"steemit/0.1","image":["https://s11.postimg.org/7wvjtutqr/XBTE.png"]}
created2017-07-26 08:57:21
last_update2017-07-26 08:58:42
depth1
children0
last_payout2017-08-02 08:57:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length137
author_reputation19,273,229,245
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,770,144
net_rshares1,342,176,873
author_curate_reward""
vote details (1)
@cryptocaleb ·
This is such a cool article love the posts keep it up
properties (22)
authorcryptocaleb
permlinkre-whatageek-what-is-bitcoin-cash-20170726t010907320z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:09:06
last_update2017-07-26 01:09:06
depth1
children0
last_payout2017-08-02 01:09:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length53
author_reputation20,641,641,359
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,146
net_rshares0
@cyberblock ·
$0.62
I think its highly unlikely to gain any traction. Its still not a gaurantee to happen but if it does it will fizzle out quickly.
👍  ,
properties (23)
authorcyberblock
permlinkre-whatageek-what-is-bitcoin-cash-20170726t005925345z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 00:56:57
last_update2017-07-26 00:56:57
depth1
children3
last_payout2017-08-02 00:56:57
cashout_time1969-12-31 23:59:59
total_payout_value0.614 HBD
curator_payout_value0.009 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length128
author_reputation26,134,242,075,354
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,733,068
net_rshares173,136,881,039
author_curate_reward""
vote details (2)
@whatageek ·
$0.24
I think there is a good chance you are right and I would guess most people want one coin.
👍  
properties (23)
authorwhatageek
permlinkre-cyberblock-re-whatageek-what-is-bitcoin-cash-20170726t005847957z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 00:58:45
last_update2017-07-26 00:58:45
depth2
children2
last_payout2017-08-02 00:58:45
cashout_time1969-12-31 23:59:59
total_payout_value0.208 HBD
curator_payout_value0.035 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length89
author_reputation368,086,984,838,827
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,733,233
net_rshares67,961,619,436
author_curate_reward""
vote details (1)
@cryptocaleb ·
@whatageek we post similar content wana should eachother out? I know you have a larger following but I have allot of really activate cryptocurrency followers. If not it's cool tho love the stuff
properties (22)
authorcryptocaleb
permlinkre-whatageek-re-cyberblock-re-whatageek-what-is-bitcoin-cash-20170726t011037811z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["whatageek"],"app":"steemit/0.1"}
created2017-07-26 01:10:39
last_update2017-07-26 01:10:39
depth3
children0
last_payout2017-08-02 01:10:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length194
author_reputation20,641,641,359
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,274
net_rshares0
@cyberblock ·
It actually pisses me off that Bitmain would support this nonsense! I'm still trying to understand how anyone with a miner and some coding can just decide to fork off like that.
👍  ,
properties (23)
authorcyberblock
permlinkre-whatageek-re-cyberblock-re-whatageek-what-is-bitcoin-cash-20170726t011803501z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:15:36
last_update2017-07-26 01:15:36
depth3
children0
last_payout2017-08-02 01:15:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length177
author_reputation26,134,242,075,354
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,710
net_rshares4,671,713,533
author_curate_reward""
vote details (2)
@hexdek16 · (edited)
$0.52
**Bitcoin Cash** has already hit it's first **bump** in the *information highway* even before leaving the "**Driveway**".  It's proposed coin abbreviation **BCC** is already in use, and will not be adopted by larger exchanges unless a change is made.  Perhaps *someone* should have thought about that sooner? (lol)
👍  ,
properties (23)
authorhexdek16
permlinkre-whatageek-what-is-bitcoin-cash-20170726t010753439z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:07:54
last_update2017-07-26 01:08:39
depth1
children2
last_payout2017-08-02 01:07:54
cashout_time1969-12-31 23:59:59
total_payout_value0.496 HBD
curator_payout_value0.024 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length314
author_reputation4,966,347,540,994
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,044
net_rshares144,854,842,626
author_curate_reward""
vote details (2)
@whatageek ·
upvoted for the info :)
👍  
properties (23)
authorwhatageek
permlinkre-hexdek16-re-whatageek-what-is-bitcoin-cash-20170726t011503580z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:15:03
last_update2017-07-26 01:15:03
depth2
children1
last_payout2017-08-02 01:15:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length23
author_reputation368,086,984,838,827
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,662
net_rshares1,738,932,597
author_curate_reward""
vote details (1)
@hexdek16 ·
Thank You, and very Kind.
👍  
properties (23)
authorhexdek16
permlinkre-whatageek-re-hexdek16-re-whatageek-what-is-bitcoin-cash-20170726t021145437z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 02:11:45
last_update2017-07-26 02:11:45
depth3
children0
last_payout2017-08-02 02:11:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length25
author_reputation4,966,347,540,994
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,739,315
net_rshares1,741,699,317
author_curate_reward""
vote details (1)
@jawdy ·
Bitcoin Cash seems to be a last ditch attempt / temper tantrum. Don't see it amounting to much as it doesn't have the Bitcoin brand name (among other things). Should be interesting to see though moving forward. 

I just published a book on Amazon, called "Welcome to the F*cking Show: Bitcoin and Your Future With Money". If you have any new friends in crypto tell them to check it out, it's the quickest cutting of the crypto learning curve out there (I know, I've read all the Bitcoin books out there).

Link: https://www.amazon.com/Welcome-cking-Show-Bitcoin-Future-ebook/dp/B0741LPVB2/ref=sr_1_1?ie=UTF8&qid=1501034912&sr=8-1&keywords=bitcoin+and+your+future+with+money
properties (22)
authorjawdy
permlinkre-whatageek-what-is-bitcoin-cash-20170726t023005296z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://www.amazon.com/Welcome-cking-Show-Bitcoin-Future-ebook/dp/B0741LPVB2/ref=sr_1_1?ie=UTF8&qid=1501034912&sr=8-1&keywords=bitcoin+and+your+future+with+money"],"app":"steemit/0.1"}
created2017-07-26 02:30:06
last_update2017-07-26 02:30:06
depth1
children0
last_payout2017-08-02 02:30:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length673
author_reputation1,269,284,041,989
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,740,893
net_rshares0
@kyle.anderson ·
$1.11
If you want to know the reasons why people are supporting Bitcoin Cash, here are some excerpts from some of my posts on the matter:

https://steemit.com/bitcoin/@kyle.anderson/fork-christ-s-sake-bitcoin-is-going-to-fork-is-segwit-bitcoin-whose-side-should-i-be-on

In short, SegWit can flip the incentives for some (bandwidth restricted) miners such that they benefit from not downloading or verifying the transaction signatures. For a user, this causes a SegWit transaction to be less secure than a non-segwit one. A non-SegWit transaction is secure with the assumption that no attack is able to obtain more than 51% of the network hashrate. With SegWit, this becomes 51% - (percent of miners with flipped incentives).

If 20% of miners end up in a situation where they are not downloading signatures because it is more profitable for them not to, a 31% miner can attack the network effectively. Security becomes 51% - X.

The bigger problem is that it is very hard to estimate the proportion of miners with this flip in incentives before their portion grows too large and an attack occurs. This basically means that SegWit transactions will always be less secure than normal Bitcoin P2PKH transactions. Even if just by the smallest bit, this is what fundamentally breaks the fungibility of Bitcoin.

***

https://steemit.com/bitcoin/@kyle.anderson/bitcoin-cash-segwit2x-viabtc-and-why-i-want-a-bitcoin-chain-split

***

Use Breadwallet if you are keeping your funds on an exchange today!

https://steemit.com/bitcoin/@kyle.anderson/a-praise-of-breadwallet-chaos-is-coming-keep-control-over-your-coins-follow-the-chain-of-your-choosing
👍  , , ,
properties (23)
authorkyle.anderson
permlinkre-whatageek-what-is-bitcoin-cash-20170726t011857070z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://steemit.com/bitcoin/@kyle.anderson/fork-christ-s-sake-bitcoin-is-going-to-fork-is-segwit-bitcoin-whose-side-should-i-be-on","https://steemit.com/bitcoin/@kyle.anderson/bitcoin-cash-segwit2x-viabtc-and-why-i-want-a-bitcoin-chain-split","https://steemit.com/bitcoin/@kyle.anderson/a-praise-of-breadwallet-chaos-is-coming-keep-control-over-your-coins-follow-the-chain-of-your-choosing"],"app":"steemit/0.1"}
created2017-07-26 01:18:57
last_update2017-07-26 01:18:57
depth1
children2
last_payout2017-08-02 01:18:57
cashout_time1969-12-31 23:59:59
total_payout_value1.096 HBD
curator_payout_value0.014 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,636
author_reputation8,970,579,009,561
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,734,998
net_rshares308,334,873,438
author_curate_reward""
vote details (4)
@hexdek16 ·
Good information here!  I'll stick with my **Exodus** Wallet.  You did an excellent job at explaining the *technical aspects* - without any **FUD**.  Kudos!
👍  
properties (23)
authorhexdek16
permlinkre-kyleanderson-re-whatageek-what-is-bitcoin-cash-20170726t021105263z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 02:11:06
last_update2017-07-26 02:11:06
depth2
children1
last_payout2017-08-02 02:11:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length156
author_reputation4,966,347,540,994
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,739,263
net_rshares5,524,045,204
author_curate_reward""
vote details (1)
@kyle.anderson ·
Yeah too bad Exodus is not fully open source. Complete dealbreaker for me.
properties (22)
authorkyle.anderson
permlinkre-hexdek16-re-kyleanderson-re-whatageek-what-is-bitcoin-cash-20170726t185842073z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 18:58:42
last_update2017-07-26 18:58:42
depth3
children0
last_payout2017-08-02 18:58:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length74
author_reputation8,970,579,009,561
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,827,797
net_rshares0
@mbhpower ·
Hey great info! thanks. followed and upvoted. 

Although a bit late, but I think bitcoin cash is a good step! For people who want to read more on it, they can go to: [What is Bitcoin Cash (BCC/BCH) and How Does It Differ From BTC](https://gadgtecs.com/2017/08/04/what-is-bitcoin-cash-bccbch-how-does-it-differ-from-btc/) for good info on difference between bitcoin cash and bitcoins
👍  ,
properties (23)
authormbhpower
permlinkre-whatageek-what-is-bitcoin-cash-20170810t051247406z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://gadgtecs.com/2017/08/04/what-is-bitcoin-cash-bccbch-how-does-it-differ-from-btc/"],"app":"steemit/0.1"}
created2017-08-10 05:12:48
last_update2017-08-10 05:12:48
depth1
children0
last_payout2017-08-17 05:12:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length382
author_reputation4,532,061,164
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id11,356,600
net_rshares2,321,292,778
author_curate_reward""
vote details (2)
@moneyforyou ·
thank you great info
👍  
properties (23)
authormoneyforyou
permlinkre-whatageek-what-is-bitcoin-cash-20170726t005401089z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 00:54:03
last_update2017-07-26 00:54:03
depth1
children0
last_payout2017-08-02 00:54:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length20
author_reputation17,691,617,124
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,732,813
net_rshares224,090,672
author_curate_reward""
vote details (1)
@sebkav ·
So is it good to buy 1 bitcoin now so that I can get 1 Bitcoin cash or wait till the fork happens and watch hell run loose and buy at black friday prices?
properties (22)
authorsebkav
permlinkre-whatageek-what-is-bitcoin-cash-20170726t010428887z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:04:30
last_update2017-07-26 01:04:30
depth1
children0
last_payout2017-08-02 01:04:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length154
author_reputation365,286,658
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,733,728
net_rshares0
@voyceatlas ·
Next week is going to be a shit show... I gave up I'm just going to hold and wait for the dust to settle
properties (22)
authorvoyceatlas
permlinkre-whatageek-what-is-bitcoin-cash-20170726t010156494z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:02:00
last_update2017-07-26 01:02:00
depth1
children1
last_payout2017-08-02 01:02:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length104
author_reputation3,275,049,162,192
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,733,503
net_rshares0
@whatageek ·
That is probably the smartest thing to do, at least for your health :p
properties (22)
authorwhatageek
permlinkre-voyceatlas-re-whatageek-what-is-bitcoin-cash-20170726t010557105z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-07-26 01:05:57
last_update2017-07-26 01:05:57
depth2
children0
last_payout2017-08-02 01:05:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length70
author_reputation368,086,984,838,827
root_title"What Is Bitcoin Cash?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id9,733,855
net_rshares0