Programmer explains Bitcoin Cash - Practical tips

in #blockchain7 years ago

What is Bitcoin Cash and why is it developed? We talk about the technology that the people behind Bitcoin Cash are proposing and the reasons why they are hard forking.

We also talk about some practical tips we as users need to keep in mind as this fork approaches.

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Thx for sharing

Great Video. I will be glad when the fork has happened and we can all move on

Great video! I'm leaving my Bitcoin on Jaxx

You need to look at influences due to hardware too. Bitmain, the company that will fork off, has 15% hashingpower in Bitcoin currently. Its pool Antpool mines 25% of all Bitcoins.
Bitmain understandably wants to maintain hardware orientated mining, because it produces those ASICs.
15% Hashingpower is not to be smiled at. But it is good that they leave now than later.

yeah your right i wonder how many people leave the pool many mmore will join

I support segwit personally, and think your right about BCC. As far as how to handle this UASF is the question I find myself wrestling with...maybe its time to gain USDT and LTC/ ETH and sit out of BTC for a bit. I think the market could decouple from BTC after August 1 (maybe for months). Chaos on alts.

Well said, I really like this that you've laid out. And I definitely share the viewpoint with you. I also hope to leave my legacy here on steemit, and what I share here is what I would want to be remembered for. I think we can all look for something new! Thank you for being here. :)

BCC - shitcoin

have to say I agree with you on this one!!!!

I always learn so much from your videos. I do get lost in the programing speak sometimes but I always come away better informed from your talks.

It sounds that from technical point of view, SegWit is the right way.
It is easy to see why hardware companies wouldn't like it - because it will reduce the need in mining hardware when people will be able to do micro transactions between them... and by this saving money - like also big transactions with small fee.

But the future is anyway proof of stack heh.

Wow, first time someone explains well what is segwit, thx!

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