Is a BTC - BCC flippening in the offing?

[Steven Schear]

And now some politics...

*Here is why Bitcoin Cash (BCH) Is The Real Bitcoin*

*It is the original bitcoin*
It was hijacked from Gavin Andresen very surreptitiously by Adam Back (back
in the day, Adam and I worked on hashcash and digital cash-related
projects) with his Sidechain
<http://www.satoshisdeposition.com/podcast/BTCK-169-2015-09-11.mp3>
proposal. It was a "Trojan Horse" and together with the help of
Blockstream, Theymos and the Core developers the process was completed. We,
the original community, have finally regained control of the Bitcoin
project, except that we have lost control of the name. This position is
about to be redressed.

*It does not have Segwit.*
If you look at a Bitcoin file as AD. A being the address and D being the
data, Segwit removes the address portion A, It is reduced to a hash and the
original signature is discarded after it is verified. So if your
"fingerprint" is the hash of all your signatures, the signatures are
discarded after being checked, and only the "fingerprint" is kept. This is
in effect what Segwit does.

The signatures are stored on another chain, but not the main chain. Some
nodes will keep signatures, some only keep partial records, some will
discard them entirely. If you ever need to refer back to the transaction to
check on the signatures all you have is the hash. "The fingerprint".
Satoshi's original design of bitcoin being an unbroken record of signatures
is violated.

*It allows for unlimited on-chain scaling*.
A clear example of the disastrous effect of limiting the blocksize is the
state of BTC now. The mempool is huge and getting bigger, fees are "over
the top". Their intention is to push low fee transactions to side chains
and the lightning network. These solutions don't exist yet.

The Core developers bought themselves over 2 years delaying and obfuscating
on chain scaling, and yet have no working solutions. Meanwhile the user
experience gets so bad that many users have sought other alternatives to
transact. BCH in the meantime have mined an 8MB block
<https://blockchair.com/bitcoin-cash/block/479469>.

*It has more client implementations*
BCH will have Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, Bitcoin ABC
and more. Each with their own development team but all operating on the
same chain. This diversity increases security, innovation and development
of the whole ecosystem.

Steve

-- 
Creator of the Warrant Canary and the Street Performer Protocol. Wi-Fi
standard spec. creation participant and co-developer of eCache. Director at
MojoNation and Cylink. Founding member of IFCA and GNU Radio.

Shameless self-promoter :)
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