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File: 52 KB, 349x282, BCH Bitcoin Cash.png [View same] [iqdb] [saucenao] [google]
23758778 No.23758778 [Reply] [Original]

I almost forgot about BCH when I saw there is a hf coming. While a bit boring, BCH is nevertheless #5 by market cap and basically a solid altcoin.

The price didn't move much this year - maybe it's undervalued?

>> No.23759243

>>23758778
No, in fact it's overvalued at 5th rank.
>redpilled

>> No.23759279

>>23758778
The market cap is fake. Look at BSV which is #11 but not used by a single soul. I don't know how it works but it has to do with the chain being a fork of BTC. Both coins would not be in the top 100 if they weren't forks.

>> No.23759303

Is BCH functionally better than Monero, or other coins?

If the use case is "less shit than Bitcoin" then its probably not undervalued.

>> No.23759359

>>23759279
>not used
>https://coin.dance/blocks/transactions
I don't remember the last time I used BTC but I remember the last time I used bitcoin.

>> No.23759464

I'm actually a blockchain developer. In my view, BCH is not crazy, neither very good nor very bad. It's almost identical to BTC or LTC, but that's actually a good thing for reliability and safety. It gets the job done.
By comparision, ETH is much more "sophisticated" in what it can do, but as a currency or for being future-proof much riskier. It can still happen it all dies because too many smart contracts executing will lead to a standstill at some point. Also, ETH is so complex and SC review is so difficult, errors can result in huge amounts lost.

Being boring like BCH might be a good thing.

>> No.23759498

>>23759359
same with me, but BCH is also a lot cheaper, which reflects it's nowhere near Bitcoin, brand wise. But that's true for many coins.

>> No.23759573
File: 89 KB, 1600x847, beecash.jpg [View same] [iqdb] [saucenao] [google]
23759573

>>23758778
>>23759243
>>23759279
>>23759303
>>23759359
>>23759464
>>23759498

I use BCH at least once a week.
Lately everyday cause I'm posting on memo.cash / member.cash again (BCH social network like twitter)

its quite based.

BCH is usable Bitcoin.
BTC is hold only unless you have over $100k in value to move else its not worth using the network.

nothing gets build around BTC except for holding stuff.

BCH has nice things coming and when the ABC tumour is cut out of it its gonna blossem.

>> No.23759720

>>23759573
>memo.cash
thank you very interesting take, also looking at memo.cash....

When I read about the HF, I also thought a fixed dev subsidy (the 8%) seems just wrong, not the way to do it. Devs should be funded, but not like that, not via the protocol.

>> No.23759790

SLP tokens, privacy (Cash fusion), cheap transaction fees, new smart contract capabilities, hard fork upgrade each 6 months.

The most undervalued coin.

>> No.23759805

>>23759464

do you see anything coming of segwit/taproot when eth and other "altcoins" have fully programmable smart contracts?

also, it seems necessary to strike a compromise between energy efficiency, decentralization/trustlessness, and transaction speed. fully distributed and fully trustless and fully inefficient networks like bitcoin still require mass consensus and some degree of cooperation when you get down to brass tacks. why should group A and group B agree on bitcoin's value if B has a lot more bitcoin than A? unless group B can force A to transact in bitcoin they really don't have any reason to agree on its value, and then you come to the problem of having a central authority. except now it's slow and power-inefficient.

>> No.23759952

>>23759805

and if everyone's on relatively equal footing and generally in agreement anyway, then why not use XRP or some other coin that's designed from the ground up to be efficient and facilitate cooperation and democratic changes/development?

bitcoin proponents love to ignore the reality that something like ltc or bch or eth could effectively replace bitcoin by mass consensus. where's your trustlessness then? sure, bitcoin might still hold its value. you have to acknowledge that it's robust as a social phenomenon and will probably exist to the end of time itself. but is it really the best investment move right now? i don't know. it doesn't seem that way to me.

>> No.23760012
File: 44 KB, 399x385, 1529086577928.jpg [View same] [iqdb] [saucenao] [google]
23760012

ouuu a cashie thread i've missed these cope threads, continue on

>> No.23760029

i'd argue that no form of currency requires more trust and faith in others than bitcoin. and in this case, the "others" are early darkweb adopters, some anon named satoshi, the creepy winklevoss twins, and probably a bunch of defense organizations.

it just don't make no sense.

>> No.23760039

>>23759952
>then why not use XRP
printed out of thin air
a U.S.A company build it
a U.S.A company holds 50pct of the supply they printed themselves
There are only x amount of validator nodes and its maintained centrally who the validator nodes are

We don't want the dollar 2.0 with full control in the U.S.A, like the current financial system again now do we?

>> No.23760047

>>23759805
To me, SegWit is really just an optimization of the data structures signatures are stored. It saves a little space, and Core did that to keep the small block size small. It would also be legit to have both SegWit and a block size increase.

Taproot is also a very technical, complicated optimization and it's infrastructure with no immediate end user benefit. It's most immediate effect, or first effect, could be that lightning networks run better. Turning Bitcoin into ETH is not a goal at all imo.

>> No.23760070

>>23758778
bch is fucking worthless, nobody is using it.

>> No.23760128

>>23758778
Get a bag now, dump on PayPal normies. It's not complicated. Easy 20x if you can afford to hodl.

>> No.23760135

>>23760070
remind you that my OP question is just if BCH could be a little undervalued, I'd say 30-50%, just to pull a number out of my a**.

There is no doubt BTC is the most valuable coin, that's just a fact. However, traders need to trade and therefore look for price swings. Hodling BTC is not trading, as much sense as hodling BTC may make.

>> No.23760136

>>23760039

the dollar is used because the usa can project force. it's like any other token that has no inherent value. the usa and its allies have no reason to use it if it's unfavorable to them. and it's likely that the usa own a huge amount of it anyway. probably MOST of it.

>> No.23760141

>>23760047
>To me, SegWit is really just an optimization
not everyone agrees with you here.

>> No.23760144

>>23760135
well I answered you, it's overvalued.
The only undervalued coin is eth

>> No.23760153

>>23760128
hehe, thx, that's what I wanted to hear :D

>> No.23760180

>>23759303
Monero and BCH are so different that it's a bit pointless to try and compare them.

>> No.23760208

>>23760141
what was the main technical argument against segwit, again? I'm aware of the dispute but I somehow lost detail...I can code transactions by hand and it seems not such a big deal to me if you do it the segwit or the old way.

>> No.23760223

>>23760047
>It would also be legit to have both SegWit and a block size increase.

it would be hilarious if the bch folks changed their minds, implemented segwit, and just kept 32mb blocks. i don't see it happening though.

>> No.23760254

>>23760144
why is ETH undervalued? From the opportunities, De-Fi capabilities I tend to agree, however, I'm scratching my head how they wnat to prevent the network gets simply overloaded. I think off-chain contracts or sidechains (e.g. Polkadot) would be safer and scale better in the end.

>> No.23760273

>>23760223
indeed, but devs should always keep an open mind :-)

>> No.23760328

>>23760208
>what was the main technical argument against segwit, again?
you only need it if you want to implement lightning network. Which BCH does not want to do.

Segwit breaks the whitepaper satoshi wrote, it says it should be a digital chain of signatures.

I really don't feel like doing more research. just look up the arguments of Bitcoin Cash and Bitcoin SV about why they don't see Segwit as a good idea, im sure there are plenty of arguments.

I am neutral on the segwit part, I just want usable Bitcoin. and BTC is not usable. as I said I transact BCh almost everyday as microtransactions when I am active on any of the apps buiild around BCH. like memo.cash (twitter on BCH)

>> No.23760338

>>23760144
I think eth is properly valued when accounting for risk. I like how many technical capabilities it has but it's undergoing huge technical and economic changes simultaneously over the next couple years. I agree it's potential is huge, but if this multistep migration to eth2 goes awry it can fail extremely fast.

BTC/BCH does not have this risk

>> No.23760354

So you tell me free coins in a few days + potential x50 gains next bull cycle ?

>> No.23760367

you guys wanna see my dick?

>> No.23760385

>>23760273

the whole point of the fork in the first place was so they don't have to implement segwit, if i understand. layer 2 solutions seem much better suited for networks with fully-programmable smart contracts, but i'll have to read more about them. bch is really just as ugly as bitcoin in technical terms but i think its block size is more realistic for the amount of people who are going to be using crypto. xrp supports votable account deletion / adjustable fees to prevent spammers rather than relying on the inefficiency of a clogged mempool and empty hashing. the latter seems like a graceless solution.

>> No.23760394

>>23760354
I would dump the ABC coins its going to be nearly worthless as its like 97pct of the BCH camp supports BCHN

>> No.23760405
File: 210 KB, 1545x1881, strawberry hides what.jpg [View same] [iqdb] [saucenao] [google]
23760405

>>23760367
only if you're a cute trap

>> No.23760411

>>23758778
Should BCH ever gain any value again I'd dump my bags immediately. Just goes to show what a trash coin with pure sell pressure it is

>> No.23760440

>>23759243
Word, its a scam

>> No.23760510

>>23760411
If you think BTC OG veterans, Bitmain and Paypal will not pump this shit to at least x2.5 above last ATH - you are a newfag .

10k USD per BCH at peak easy possible.

x40 - x50 from current price level.

+ free ABC coins in 9 days.

>> No.23760511

>>23760328
ty, I think you summed it up quite well. What I see as a problem with segwit on BTC is that they invented another way, but did not really kill the old way. That adds complexity, now 2 ways need to be supported by the code, basically forever.

>> No.23760522

>>23760328
If you want usable bitcoin, then you want either XRP or LTC, fren. 10+ minutes for a transaction? Why not just use a telegram?

>> No.23760558

generally xrp seems to be more conducive to a "united nations" style of management. things will have to be changed and agreements will have to be made, and xrp seems to have the provisions for doing so. bitcoin seems silly by comparison.

>> No.23760591

>>23760522
If you wanna use real Bitcoin - buy BCH, because it's electronic cash like Satoshi WP says so.

If you wanna have some chinese SOV coin - buy ticker BTC , but by knowing you are not buying Bitcoin.

>> No.23760660

>>23760510
I agree it's a candidate for a pump, because what's left when you're looking for something when you "missed the train" or want to repeat the craze of the "more popular" coins that are already up.

Also, yes, the PayPal thing is huge, and BCH, LTC and BCH are all still ETF candidates next to BTC, should that happen finally.

Also, doesn't need to be 2x or more, 50% is good enough.

>> No.23760731

>>23760522
as ive said I already have usable bitcoin. BCH doesn't have 10min wait times for most applications. its instant with 0-conf. I don't need any confirmations to make a $0.0002 usd transaction to write a piece of text on BCH twitter.

XRP is absolute shit I will never buy an asset that has 50 billion yet to hit the market that was printed out of thin air. ok. its shit tokeneconomics.


LTC is fine.

do more research basically 10 minutes and high fees is only a thing on BTC.

>> No.23760907

>>23760254
have you never heard of ETH2.0 and rollups? Sharding is "sidechains" on top of which more unofficial sidechains (xDAI-like or other types) can be added. Bitcoin is in a sense a sidechain already, as multiple bridges from it to ETH exist. And rollups can do your proposed "off-chain contracts". These are all years in production already. Aside those multiple other application specific scaling solutions are being worked on.

Yes, the tech is not all here. Rollups almost are though. But Polkadot is still ways behind on everything. And Polkadot full vision has its own scaling problems as well. Everything relies on the relay chain, which will also get max capacity at some point. Also Polkadot will be overloaded with different assets which will all compete with each other for value. DOT coins might not even be very valuable, when all the smart contract transactions will be done on parachains with the native coins of those parachains, not DOT. DOT also doesnt have full Proof of Stake, but it has NPOS, a variant of DPOS.

>> No.23760960

https://www.coindesk.com/percentfinance-buggy-code-froze-1m-ethereum-tokens

"Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum Tokens"

That's the problem with all these super-cool smart contract capabilities, it's very complex and money will be lost over and over again. Main point against ETH imo.

>> No.23760968

>>23760960
>> ETH will get scarcer.
noice.

>> No.23761000

>>23760731
Do you have some official explanation/info link on 0-conf? I have heard about it for years, but not invested time to understand it. There definitely has to be some security/reliability negatives, but the question is how much.

>> No.23761011

>>23760968
Now imagine all the ETH getting burned for ETH2 that will be locked up for 2 years.

>> No.23761024

>>23760968
yes actually, all unspendable coins reduce the supply.

also, maybe Ethereum may indeed be coming to the rescue for a lot of problems of ETH.

When is ETH 2.0 on mainnet launching?

>> No.23761190

>>23761000
you just have to read around a bit. its safe for certain types of transactions, esentially all microtransactions for example.

if you order a coffee at a table in a restaurant why would you want to wait for a confirmation, you can just use 0-conf.
or in the case of memo.cash. no one is going to double spend a $0.0001 microtransaction to write a message to the BCH blockchain.

https://www.reddit.com/r/btc/comments/7ujwsh/is_0conf_really_secure/

for obvious reasons its not accepted everywhere

>> No.23761248

>>23761190
No doubt, crypto cards/banks will evolve and be used eventually. This seems like a good middle ground in the mean time though.

>> No.23761255

>>23761000
>>23761190
https://www.reddit.com/r/btc/comments/8p1v8y/debunked_fast_transactions_using_0conf_were_never/

>> No.23761377
File: 121 KB, 512x475, Bondedcat.png [View same] [iqdb] [saucenao] [google]
23761377

Still massively overvalued.

Bonded.Finance which is just about to drop on 15th November is most certainly undervalued however.

DYOR

>https://medium.com/@bondedfinance

>> No.23761429

>>23761377
yes fren. pajeet defi copy coin number 100 is massively undervalued!!! buy my rugs!!

>> No.23761681

>>23759573
>BCH has nice things coming and when the ABC tumour is cut out of it its gonna blossem.

Lol. Yeah. Please fork again. Lmao

>> No.23761779

>>23758778
If you want bitcoin to not only survive, but also protect the 21 million cap, then you must have competition for block space.
Bcash is generating less than $1 in fees per block. Bitcoin is generating ~3 full bitcoin which is about $50k.

At this rate, the only way for bcash to survive is to add perpetual inflation. The block reward is already 90% gone. Bitcoin however is proving it will survive without changing, and the longer it merely can survive while altcoins come and go, the more valuable it will become. Eventually new currencies will simply be pegged to it.

>> No.23762029

>>23759279
Twetch just broke 20,000 real users. Show me another alt with a product on it people are actually using. It doesnt exist.

>> No.23762102

>Bitcoin ABC will support both BCHA and BCHN after the chain split
>https://blog.bitcoinabc.org/2020/11/06/bitcoin-abc-will-support-both-bcha-and-bchn-after-the-chain-split/
Amaury is a dick head...

>> No.23762135

>>23762102
nobody cares about him anymore, just let him leave

>> No.23762567

>>23761779
good point! To be fair, a modest perpetual inflation wouldn't probably kill it, even a move to PoS is thinkable. Or, till we are that far, BCH has simply enough fees to keep it going as well. I think that's definitely possible.

>> No.23762782

>>23761779
>>23762567

it's incredibly unwieldy. why would you want to have to worry about your transaction taking an indefinite amount of time or how much it will eventually cost to make it go through? and the cost is then paid to chinese miners who have vested interests of their own.

>> No.23762866

the btc proponents here short out or just ignore you whenever you really pin them down, which isn't hard because btc makes no sense.

>> No.23763371

sure, btc could go up. but it's not based on good fundamentals and i have a very hard time putting my money on something that's not well thought out. maybe that's my problem and i should just go with the crowd, or maybe btc will crash tomorrow. but i wouldn't be able to look at myself if i went all in on btc, against my own better judgement, and lost a ton of money.

>> No.23763476

being wrong is one thing, but being right and still fucking it up is ridiculous. does that make sense to anyone besides me?