Re:The first Bitcoin Cash block has been mined
by mchristen on Tuesday August 01, 2017 @06:51PM
(#14906229)
If anything the fact that things are working as intended(so far) proves that such a change is not nearly as dangerous as BCC developers make it out to be.
If you don't trust the code powering BCH then you can simply ignore all your coins on BCH and pretend they don't exist, you're in the exact same situation as you were yesterday.
The fear mongering of 'all hard forks are dangerous' is just that, fear mongering, and has no basis in actual reality.
Re:The first Bitcoin Cash block has been mined
by makomk on Tuesday August 01, 2017 @07:16PM
(#14906385)
It's been working as intended for, what, a few hours? If every flaw was guaranteed to show up in that time then five days would be more than enough - just run a few hours of testing before launch, done. The scary flaws are the ones that take weeks or months to show up, or that don't appear at all until someone starts actively exploiting them.
Re:The first Bitcoin Cash block has been mined
by Misker on Tuesday August 01, 2017 @06:53PM
(#14906239)
I agree with the fearmongering bit, but ignoring BCH is a little more difficult. BCH just caused a pretty decent dip in the price of BTC, and will likely make it drop further.
Unless it crashes and burns, in which case faith in Core will be even stronger.
Re:The first Bitcoin Cash block has been mined
by zeusk on Tuesday August 01, 2017 @07:42PM
(#14906553)
5% at Bitcoin's level of volatility is not a dip.
Re:The first Bitcoin Cash block has been mined
by EthanHeilman on Tuesday August 01, 2017 @08:53PM
(#14906940)
BCC is bitconnect[0], did you mean BTC (Bitcoin) or BCH (Bitcoin-Cash)?
>If anything the fact that things are working as intended(so far) proves that such a change is not nearly as dangerous as BCC developers make it out to be.
A single round of russian roulette[1] where no one dies is not proof that guns are harmless. Things work out until they don't. We should always avoid unnecessary risks even if we have been lucky in the past.
https://github.com/Bitcoin-ABC/bitcoin-abc/blob/174846aaaf56...
The important bit:
> Enforce strong replay protection (require SIGHASH_FORKID and SCRIPT_VERIFY_STRICTENC compliance)
That completely changes the consensus rules of BCH. Again, 5 days before a hardfork. 5 days.
I just ... I can't wrap my brain around why _anyone_ in their right mind would think that BCH should be worth anything, if this is the acumen of the development team.
Why would any exchange trust the code? Why would users trust the code?
If BCH is any kind of experiment, it's not an experiment of big-block vs small block (Bitcoin has had bigger block functionality for over 6 months now). It's an experiment to see if cowboy programmers can patch a live $40 billion network willy nilly and convince everyone that that's okay.