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Re:Bitcoin Cash Soaring to Record High as It’s More Profitab... by Animats on Sunday August 20, 2017 @02:34PM (#15059624)
Two, although minor, is that some minors (sic) may politically disagree with Bitcoin Cash due to its radically large block size, and be dis-incentivized to mine it for that reason.

That's backwards. Bitcoin Cash has the old, smaller block size.

Third, most importantly, is that you cannot sell Bitcoins right after you mine them. You have to wait for a very large amount of confirmations.

100 blocks is about 18 hours right now. Then you can sell.

Re:Bitcoin Cash Soaring to Record High as It’s More Profitab... by mikedunworth on Sunday August 20, 2017 @02:46PM (#15059682)
Bitcoin Cash is the new fork, and that fork has 2MB block size. Bitcoin (Original) still has the 1MB block size. The reason it is called "Bitcoin Cash" is because it can be used more like cash, because the transaction fees aren't assumed to be as high because more transactions can fit into a 2MB block, which means you and I don't have to put big fees onto each transaction to get into that 1MB block.

The reason they did the fork was so that the fees that were making small (cash like, e.g. buy a coffee, $10 Steam gift card, etc...) transactions impossible, are now cost efficient because there's less bidding wars from people on the network rushing into get their transaction confirmed ASAP.

Super interesting to see how it unfolds, but it appears that there's no network congestion and that the network was getting spammed prior to this fork in a means of "See. See! We need bigger blocks. That's it, we're forking. I'm sick of this."

It can get a little "tin-foil-y" but there's theories all over the place, and a lot of them have sound reasoning, but the tl;dr is /The network forked /Bitcoin = 1MB blocks /Bitcoin Cash = 2MB blocks /Where things go from here is a roll of the dice ;)

Thanks!

Re:Bitcoin Cash Soaring to Record High as It’s More Profitab... by reefoctopus on Sunday August 20, 2017 @04:17PM (#15060066)
Bitcoin cash has an adjustable block size up to 8MB. Segwit2X is the upcoming fork with 2MB blocks on legacy bitcoin.
Re:Bitcoin Cash Soaring to Record High as It’s More Profitab... by rebuilder on Sunday August 20, 2017 @02:42PM (#15059660)
Could you explain about block size? The max blocksize for Bitcoin cash is 8 MB and the fork was initiated by the creation of a 1.9 MB block, so it's not clear why you say Bitcoin Cash has the smaller block size.
Re:Bitcoin Cash Soaring to Record High as It’s More Profitab... by Animats on Sunday August 20, 2017 @02:47PM (#15059683)
You're right. Bitcoin Cash is sort of "Bitcoin classic", without Segregated Witness, but a blocksize boost to 8MB was stuck in.