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Javascript developer: "We like to constantly replace all our frameworks every 18 months" Cryptocurrency developer: "Hold my beer"

artursapek 9y ago
Bitcoin actually rarely changes, which is why this is a big event. You're probably thinking of all of the shitcoins/ICOs that come out nearly every day - make no mistake, those are a cash grab.
- woah 9y ago
  Only bitcoin is the one true religion
- Taek 9y ago
  This is only a big event if you choose to run the BitcoinCash software. If you stick with Bitcoin-core you aren't even going to notice that a thing happened.
  - artursapek 9y ago
    It's still a big event in that all of the exchanges have had to take a stance on the fork. And there will be an initial competition between the two forks, like with Ethereum and "Ethereum Classic" (in that case, the new fork actually won over the unchanged version).
  - geofft 9y ago
    It matters for the ability to convert BTC to other currencies (like USD), right? If I'm understanding this right, an existing bitcoin is now valid in both the BTC chain and the BCC chain, and presumably the world isn't going to let you sell the resulting BTC for its previous value and the resulting BCC for its previous value (since the two sales would now be transactions on two different chains). So unless BCC fails completely, the market value of BTC will be reduced by the market value of BCC, which seems like a thing you'd notice.
    - deleted 9y ago
      [deleted]
    - fapjacks 9y ago
      Yes, this is right, but it appears that the value of the original coin and the forked coin don't correlate with one another too strongly after the fork. I mean here that it appears that the market value of BTC will not be reduced by the market value of GCC, in such a manner as you suggest. The less popular coin after the fork certainly is less valuable, but after the fork, the two values follow their own destinies, unrelated to one another.

artursapek 9y ago

Bitcoin actually rarely changes, which is why this is a big event. You're probably thinking of all of the shitcoins/ICOs that come out nearly every day - make no mistake, those are a cash grab.

woah 9y ago
Only bitcoin is the one true religion
Taek 9y ago
This is only a big event if you choose to run the BitcoinCash software. If you stick with Bitcoin-core you aren't even going to notice that a thing happened.
- artursapek 9y ago
  It's still a big event in that all of the exchanges have had to take a stance on the fork. And there will be an initial competition between the two forks, like with Ethereum and "Ethereum Classic" (in that case, the new fork actually won over the unchanged version).
- geofft 9y ago
  It matters for the ability to convert BTC to other currencies (like USD), right? If I'm understanding this right, an existing bitcoin is now valid in both the BTC chain and the BCC chain, and presumably the world isn't going to let you sell the resulting BTC for its previous value and the resulting BCC for its previous value (since the two sales would now be transactions on two different chains). So unless BCC fails completely, the market value of BTC will be reduced by the market value of BCC, which seems like a thing you'd notice.
  - deleted 9y ago
    [deleted]
  - fapjacks 9y ago
    Yes, this is right, but it appears that the value of the original coin and the forked coin don't correlate with one another too strongly after the fork. I mean here that it appears that the market value of BTC will not be reduced by the market value of GCC, in such a manner as you suggest. The less popular coin after the fork certainly is less valuable, but after the fork, the two values follow their own destinies, unrelated to one another.