* This postal service was written earlier the fork as well as needs to live updated. I wrote it because I was worried that many Bitcoin owners who volition live getting their BCH tokens receive got been advised inwards the primary forums to ditch them for BTC every bit before long every bit possible inwards companionship to tank the toll of the novel token. I felt that this was wrong. At the really to the lowest degree earth should receive got been advised to exercise zip as well as hold off for events to play out. Acting on the incorrect advice volition Pb to losses.
Does it affair if CSW is Satoshi - NO DEFINITELY NOT . Does it affair if you lot believe CSW is Satoshi - YES. Under normal circumstances no, simply these are non normal circumstances. We are getting a difficult fork on 1 August. This agency nosotros volition all receive got BCC as well as BTC inwards our wallet. You receive got a selection Sell i or the other or proceed both. Where you lot halt upwards depends on what you lot believe in. I believe that the BCC fork volition hold upwards as well as inwards the halt volition surpass the BTC chain.
1) CSW supports the BCC chain.
He is nChain as well as they are introducing dissever chain as well as novel op codes for Turing completeness
2) Replay protection on BCC chain
These people are serious as well as responsible, summation the organisation they role makes it fraud proof as well as opens the way for sharding.
These are enormous improvement to the Bitcoin protocol. Turing completeness was the whole argue for Ethereum's inception.
3) Sharding is the holy grail for Ethereum as well as they receive got non succeeded. Basically sharing the processing charge on dissimilar computers. BCC adopts Bip143 fashion signature, which solves malleability as well as makes the organisation fraud proof, which is necessary for sharding.
All these developments are on BCC as well as non BTC. Can they non live adopted? Sure they can, simply Core receive got proven therefore far that they don't await exterior their sphere. Plus they absolutely abhor the large blockers.
4) What happens after the fork?
The outset thing is that BCC has bigger blocks piece BTC volition receive got 1MB for at to the lowest degree iii months. So it volition live cheaper to transact on BCC. This I believe is the biggest organic force yesteryear users to BCC as well as the miners as well as developers must follow the users. Also the people on the BTC side of the chain volition e'er live disputation if the 2mb difficult fork volition live activated piece te people on BCC volition get on alongside business. You win yesteryear what you lot exercise non what you lot say.
Will BCC chain survive? What if it has depression hash charge per unit of measurement behind it? It volition hold upwards because the community sees the exercise goodness of having a minute alternative inwards instance the outset alternative fails. Means the large miners volition non laid on the BCC chain. And at that spot volition live a minute chain because the people behind it are willing to mine the chain fifty-fifty though it is less profitable to exercise so.
So it is of import on which chain you lot desire to live on. You tin sit down as well as exercise zip as well as all volition live good simply what if you lot desire to pass about BTC? Are you lot going to pass your BCC or BTC? If you lot desire to receive got a position, taking the incorrect grade agency you lot volition lose your money. So it is of import if you lot believe CSW is Satoshi or not. Long term (6 months) both chain cannot hold upwards i volition wither and piece of occupation an Alt.
Why I believe CSW is Satoshi
It actually does non affair if he is or is not, except to satisfy one's curiosity. But await at it this way. What does it receive got to live Satoshi? He must receive got really expert grasp of programming, cryptography, game theory, Maths, Economics as well as Philosophy. Is Satoshi one individual or a group. I combat that it is i individual as well as he solve the Byzantine Generals problem, assistance yesteryear minor grouping of people after the unloosen of the software. You volition besides postulate to receive got a connectedness to these minor grouping of people.
Solving the Byzantine General problem is what scientist call a difficult problem. It is non obvious as well as the solution is worthy of the Nobel prize. So why did he unloosen it anonymously? I recollect because he knew that if it did non teach traction as well as adoption it volition choke either from inside or without. He was worried well-nigh Wikileak using bitcoin earlier Bitcoin was ready. Attracting attending to it volition for certain teach it stomp on yesteryear the authorities, as well as opened upwards himself to criminal prosecutions. Every other individual who engaged inwards digital money upwards to as well as therefore receive got had legal as well as criminal problems to content with. Can you lot count how many people dismiss it outright at outset glance solely to rediscover as well as adopt it afterward when it refuses to die.
Lastly, this is a gift to humanity. It takes a exceptional sort of individual to exercise that. One must receive got "lived". Such a individual volition live a contradiction. H5N1 complex person. One where the Yin as well as Yang flares upwards easily.
Does it affair if CSW is Satoshi - NO DEFINITELY NOT . Does it affair if you lot believe CSW is Satoshi - YES. Under normal circumstances no, simply these are non normal circumstances. We are getting a difficult fork on 1 August. This agency nosotros volition all receive got BCC as well as BTC inwards our wallet. You receive got a selection Sell i or the other or proceed both. Where you lot halt upwards depends on what you lot believe in. I believe that the BCC fork volition hold upwards as well as inwards the halt volition surpass the BTC chain.
1) CSW supports the BCC chain.
He is nChain as well as they are introducing dissever chain as well as novel op codes for Turing completeness
2) Replay protection on BCC chain
These people are serious as well as responsible, summation the organisation they role makes it fraud proof as well as opens the way for sharding.
These are enormous improvement to the Bitcoin protocol. Turing completeness was the whole argue for Ethereum's inception.
3) Sharding is the holy grail for Ethereum as well as they receive got non succeeded. Basically sharing the processing charge on dissimilar computers. BCC adopts Bip143 fashion signature, which solves malleability as well as makes the organisation fraud proof, which is necessary for sharding.
All these developments are on BCC as well as non BTC. Can they non live adopted? Sure they can, simply Core receive got proven therefore far that they don't await exterior their sphere. Plus they absolutely abhor the large blockers.
4) What happens after the fork?
The outset thing is that BCC has bigger blocks piece BTC volition receive got 1MB for at to the lowest degree iii months. So it volition live cheaper to transact on BCC. This I believe is the biggest organic force yesteryear users to BCC as well as the miners as well as developers must follow the users. Also the people on the BTC side of the chain volition e'er live disputation if the 2mb difficult fork volition live activated piece te people on BCC volition get on alongside business. You win yesteryear what you lot exercise non what you lot say.
Will BCC chain survive? What if it has depression hash charge per unit of measurement behind it? It volition hold upwards because the community sees the exercise goodness of having a minute alternative inwards instance the outset alternative fails. Means the large miners volition non laid on the BCC chain. And at that spot volition live a minute chain because the people behind it are willing to mine the chain fifty-fifty though it is less profitable to exercise so.
So it is of import on which chain you lot desire to live on. You tin sit down as well as exercise zip as well as all volition live good simply what if you lot desire to pass about BTC? Are you lot going to pass your BCC or BTC? If you lot desire to receive got a position, taking the incorrect grade agency you lot volition lose your money. So it is of import if you lot believe CSW is Satoshi or not. Long term (6 months) both chain cannot hold upwards i volition wither and piece of occupation an Alt.
Why I believe CSW is Satoshi
It actually does non affair if he is or is not, except to satisfy one's curiosity. But await at it this way. What does it receive got to live Satoshi? He must receive got really expert grasp of programming, cryptography, game theory, Maths, Economics as well as Philosophy. Is Satoshi one individual or a group. I combat that it is i individual as well as he solve the Byzantine Generals problem, assistance yesteryear minor grouping of people after the unloosen of the software. You volition besides postulate to receive got a connectedness to these minor grouping of people.
Solving the Byzantine General problem is what scientist call a difficult problem. It is non obvious as well as the solution is worthy of the Nobel prize. So why did he unloosen it anonymously? I recollect because he knew that if it did non teach traction as well as adoption it volition choke either from inside or without. He was worried well-nigh Wikileak using bitcoin earlier Bitcoin was ready. Attracting attending to it volition for certain teach it stomp on yesteryear the authorities, as well as opened upwards himself to criminal prosecutions. Every other individual who engaged inwards digital money upwards to as well as therefore receive got had legal as well as criminal problems to content with. Can you lot count how many people dismiss it outright at outset glance solely to rediscover as well as adopt it afterward when it refuses to die.
Lastly, this is a gift to humanity. It takes a exceptional sort of individual to exercise that. One must receive got "lived". Such a individual volition live a contradiction. H5N1 complex person. One where the Yin as well as Yang flares upwards easily.
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