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RE: I ran a test of Bitcoin vs Bitcoin Cash on FEES & TRANSACTION TIME

in #bitcoin7 years ago (edited)

What about the security of BCash is this important for you?
If you want to buy a coffee with your cryptos then BTC is may not be the right asset to use it for.
If you want to store in a secured proven way since years, then there is BTC still proven unhacked.

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Security is important to me. I am learning as much as I can about all of these options.

Not sure I agree with this at present. BT Cash is exactly the same up till the 1st of August 2017. BTC went the segwit way, BT CASH decided to say exactly the as always, except, they increased the block size to 8 mb from 1 mb. So now this seems like a good idea to increase speed and lower fees, but this will get congested over time and increased usage. Looks like the Bitcore team want to leverage newer scalable layers on to of the current 1mb block size chain, but can't decide. So in summary, BT cash took the easy less innovative way for a short term gain (IMHO).

I am not sure if i get your point.
Bcash did nothing new. There are hundreds of forks allready doing bigger blocks and they are called altcoins. All good needs time for development.
I agree with your last words that BCash took the easiest way to gain ... (IMHO to gain for their own profit)

Yep, my apologies, I meant that the crytography is still the same for both up until 1 August 2017, hence security is the same, only the block size has increased, thats the only difference. In terms of security, well thats a totally new topic, becasue many people interpret it in many different ways. The blockchain algo or the crytography has never been hacked, for both, if thats whst you were getting at. So the ledger has been and looks like, till the use of Quantum computing, will be totally imutable. Now if you talk about the wallets, and the handling of the wallets and Malware for them, thats another can of worms. Git Hub is there and the source code is open to view so is a good place to get wallets from. Some wallets from the bit coin forks can be malicious, hence caution is advised if you want to claim your free tokens, hope this helps.

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When you say "to gain for their own profit" who do you mean?

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