BCH

SnideyM

Just found this after a little digging, copy/pasting someone's comment on another thread about a year ago: **\[Response: How Do Hard Forks Work for Cryptocurrency on a Ledger?\]** Hey [u/AnonymousReddit0r995](https://www.reddit.com/user/AnonymousReddit0r995/)! Great question about how hard forks work with ETH and BTC on your Ledger, especially since you’re a casual user wondering about long-term storage and tax implications. I’ll break it down clearly based on the latest 2025 info. #LedgerSupport # 1. How Hard Forks Work on Ledger When a cryptocurrency like ETH or BTC forks (e.g., ETH to ETH Classic in 2016, or BTC to Bitcoin Cash in 2017), it creates a new blockchain with a split from the original. If you hold these on a Ledger during a fork: * **Automatic Split**: Your Ledger stores the private keys, and the new forked coin is technically yours based on your balance at the snapshot block. However, Ledger doesn’t automatically display or manage these new coins—you need to take action. * **Ledger’s Role**: Ledger supports major coins (ETH, BTC) natively, but forked assets (e.g., BCH, ETC) require manual updates or third-party wallet integration. The device itself holds the keys; the Ledger Live app needs to be updated to recognize the fork. # 2. Do You Get the Forked Coins Automatically? No, they don’t just “appear” in your wallet. Here’s why: * **Update Required**: Ledger waits for the community or fork developers to release a compatible app or integration. For example, after the BTC/BCH fork, Ledger added BCH support in Ledger Live v1.4.0 (2017). You’d need to install the forked coin’s app (e.g., Bitcoin Cash app) via Ledger Live’s Manager. * **Claim Process**: Some forks (e.g., Bitcoin SV) require claiming via a third-party wallet (like Electron Cash) using your Ledger’s recovery phrase. This involves exporting your public address and following fork-specific instructions—check the official fork website. * **Your Case**: Since you’ve never gotten anything, it’s likely no major forks (e.g., ETH 2.0 merge wasn’t a fork) hit your holdings, or you missed the update window. Past forks like ETC or BCH had 6-12 month claim periods. # 3. Long-Term Storage Implications * **Safety**: Your coins are safe on Ledger as long as your 24-word recovery phrase is secure. Forks don’t affect the original coins unless you move them. * **Action Needed**: If a fork happens, monitor crypto news (e.g., CoinDesk, X) and Ledger’s blog (ledger.com/blog). Unclaimed forks can lose value over time—e.g., Bitcoin Gold dropped 90% post-2017. * **2025 Note**: Ledger’s latest firmware (2.5.0) improves multi-coin support, but manual claiming is still standard for forks. # 4. Tax Reporting: Have You Overlooked Fork Income? Yes, you might have, and it’s a common oversight for casual users. In many countries (e.g., US, UK): * **Taxable Event**: Receiving forked coins is considered income based on their market value at the snapshot time. For example, if BCH was $300 during the 2017 fork, that’s your taxable amount. * **Reporting**: You’d report this on your taxes (e.g., IRS Form 8949 in the US) even if unclaimed. Since you didn’t know, check past fork dates (e.g., BCH: Aug 1, 2017; ETC: Jul 20, 2016) and their values then. Consult a tax pro—tools like Koinly can help reconstruct. * **Ledger’s Stance**: They don’t notify you of tax obligations; it’s on you to track. # 5. What to Do Now * **Check Fork History**: Look up ETH/BTC forks since you bought (e.g., BCH, BSV, ETC) on blockchain explorers (blockchair.com) using your public address. * **Update Ledger Live**: Ensure you’re on the latest version (v2.58.0, 2025) and install any missing fork apps. * **Secure Your Phrase**: Test your 24-word recovery on a new device to confirm access—don’t risk losing unclaimed forks. * **Tax Prep**: Review 2016-2025 for forks and amend past returns if needed. You’re not alone in this confusion—forks can be tricky! Did you buy during a known fork period? Let’s figure it out together! #LedgerForks *Edit: Generic links as placeholders; data reflects 2025 trends. Not financial or tax advice, just guidance!* !

jekpopulous2

I don't hold DOGE or any other memecoins but that inflation is the chains security budget. Perpetual block rewards ensure miners are permanently incentivized to validate transactions and secure the network without relying solely on transaction fees. Compare that to other POW chains where minors get diminishing returns until they're not even worth mining anymore. That inflation is the main reason that DOGE is still alive after all these years while LTC, BCH, ETC, DASH, etc... are all on life support. I'm not advocating for DOGE it's a useless coin but the best thing about it is that it's inflationary. It keeps the network secure and the supply doesn't matter anyway because it's a meme and nobody cares about the fundamentals.

roctac

BCH isn't even 10 years old

404eol

But with wrong info about the block size. It IS a problem with decentralization. If the block size gets bigger and supports 500 TPS, that would add roughly 2–4 TB to the blockchain PER YEAR, and you would need dedicated hardware for the nodes, which would have to be more powerful. So there is no possibility for the same level of decentralization, since fewer people would be able to run a full node. This was already discussed and considered bad for Bitcoin during the "Blocksize Wars." Bitcoin is good as it is now. Miner fees will become more relevant long before the year 2140 because the block reward gets smaller with every halving, but there are still many decades to see how the BTC price, fees, mining efficiency and difficulty adjustment balance this out. There is no reason to sacrifice decentralization now for a problem that can be observed and solved over time. And after the fork, the market clearly chose BTC over BCH.

roctac

Well put together website. But they literally just describe BCH as a solution. No need to fix anything when Bitcoin Cash already exists.

liquid_at

The issue you seem to ignore is that LTC is not the only currency out there. Bitcoin is the only artifical-pump-asset that has a high enough market cap to be considered crypto gold. Even in the upper ranks of Crypto, LTC has XRP, Doge and BCH compete as pure payment solutions, while ETH, SOL and TRX also provide functional payment solutions. Even Bitcoin, with the lightning protocol, competes against LTC here. And before the haters come in, this is by no means a qualitative statement. Just that when you want to go for crypto gold, you have bitcoin, bitcoin and bitcoin, while going for payment solutions, there are much more options. You will never find a high concentration like in Bitcoin, in a single one of them.

DangerHighVoltage111

P2p cash is the only real use case that matters. BTC got hijacked and crippled. p2p cash continues on BCH and XMR.

pcaveney

Host is very fiat gainz minded but glad to see people sharing BCH & excited about it!

crisp_lynx_370

BCH really does feel slept on. curious to see what they say about smart contracts on there

S1eeper

It's not remotely like BCH or BSV. It will be as opposite of those things as a Bitcoin fork can possibly be. Both of those were about increasing the blocksize and enabling more garbage to fill the chain. This fork will do the opposite, close OP\_RETURN loopholes and restrict what can go on the chain even moreso than the main chain, much less those two forks.

No-Masterpiece2246

Knots is hot garbage just like Core. Look at Cardano or Solana code. It's a big world out there. Bitcoin has been maligned, hijacked, and rehypothecated. It's fine to be idealistic about crypto, I share your enthusiasm. But try to be objective about the facts on the ground. Get your Bitcoin off that Lightning node before it gets hacked. Read up on BCH and I think you'll see the development happening there (BCH Node, Electron Cash, CashFusion, etc) exceeds BTC Core by 100x. Blockstream isn't innovating and Core is a bunch of pencil pushers.

Coiiiiiiiii

The fact you think I *must* form my opinions based on what youtubers tell me is why im saying youre projecting your ignorance. Ok lets rewind to the bch fork Some people think (incorrectly) that blocks need to be bigger. They do what they can to convince others of the same, as you say. So they change some code and fork. Now I own both btc and bch. If there was some big miner/exchange/whale effort to crash the value of one I still have the other, so i havnt really lost any value. Same with BTG, BSV, etc. Also, notice that every hardfork is a sloppy fix for an issue bitcoin faces, it tries to fix a problem but introduces tradeoffs that arent worth it, or are at the very least, not obviously worth it. These hardforks are usually pushed by some personality. All hardforks are otp-in, which means it everyone who is pro-fork vs every who is anti, neutral, hesitant, and simply uninformed. Objective upgrades like segwit, taproot are soft-forks because  1. They upgrade with network with little to no tradeoffs 2. They are backwards compatable. Back in august 2017 chosing BCH could cost you everything (if you decided to sell btc, thinking its inferior) choosing to use segwit or not cost nothing, if you like it you can keep it, if not go back to pre-segwit addresses Same with taproot Good bitcoin upgrades take time, lots of smart people try to figure out how to upgrade the network in the most effecient, backwards compatible way possible. Hardforks are simple ideas pushed by people with egos that blind them from the reality that their idea sucks and only "narrative followers" instead of people that think for themselves will join them. 

digital__bits

You can use Bitcoin Cash. It is super useful, with low fees and practically no confirmation needed for in-person purchases because of 0-conf. For online purchases, I recommend you to wait for the normal confirmation process. BCH has a technology called Double Spend Proofs (DSP) that notifies if someone is trying to spend the same output but two times. If you want I can recommend you Bitcoin Cash wallets if you need so.

Nice_Material_2436

I'm using "they" as a placeholder. How am I supposed to know which Youtube channels you're watching? It's not like you stumbled upon Bitcoin yourself, someone must have orange pilled you. What's wrong with "favorite fork"? Some people prefer BCH over BTC so yeah the concept of a favorite fork exists.

MiningDave

Is it coming? Yes. Will you be able to claim coins? Yes. Will they be worth anything? Probably not. Will there be legit exchanges that support it. Also, probably not. BCH had a lot of people with a lot of money behind it. This one does not. Just my view I could be wrong.

DangerHighVoltage111

I added more direct links, gonna cry? BTC was irrelevant in the beginning, then it wasn't. Then it got hijacked. The point is p2p cash is not irrelevant and it is worth fighting for. On BTC you do not fight for p2p cash anymore, so it is actually irrelevant contrary to BCH and maybe XMR.

DangerHighVoltage111

BTC is mostly used custodial on LN. That's neither sound nor original. Satoshi is a Big Blocker. BCH is probably our only chance for sound p2p cash. Maybe XMR the second.

UAP44

>But we are here for sound p2p cash and only BCH provides that.  BCH is not the only one, but BTC *definitely* isn't.

UAP44

>BTC is the original sound money invention Until it was turned into digital *gold* instead of *money*. >BCH is just sad cope This isn't even an argument. This is just mindless ridicule.

never_safe_for_life

Nothing because it’s never gonna happen. BTC is the original sound money invention. BCH is just sad cope

DangerHighVoltage111

Welp I'm not mainly here for you. You have an easy job, just dismiss everything I say, no need for proof or even checking. You can just outright dismiss it. But if people want to find the BCH community, they now know where to look.

DangerHighVoltage111

> BCH is actually working pretty well as p2p cash True. >its dollar price is half what it was when the coin forked off in 2017. Nobody said a p2p cash revolution would be easy. >Im not sure how can someone be late to it? If I wait 10 more years it might be even half less of its current price in dollars. Since 2021 it has been doing pretty well coming back from #33 to #10 and now at #18. Unfortunately some of these gains has been lost again. But nothing says a second p2p cash revolution can not spark that enthusiasm Bitcoin once had again.

DangerHighVoltage111

Why? Did you expect a sound money revolution would be a get rich quick scheme? Bitcoin had its greatest gains when it gave people hope of better money. Nowadays it struggles and leans heavy in its branding. What do you think happens when people realize BCH is that original sound money revolution continued?

marcusmv3

Go look at the BCH/BTC chart and cry

Vipu2

BCH is actually working pretty well as p2p cash, its dollar price is half what it was when the coin forked off in 2017. Im not sure how can someone be late to it? If I wait 10 more years it might be even half less of its current price in dollars.

DangerHighVoltage111

Only an ignorant person or a person only interested in price would say that. Obviously BTC is much more visible since it got the branding but BCH attracts people and builders and it builds the base for a worldwide p2p cash system, while BTC infights over Apes on chain and doesn't scale a single bit. >Until then, it's all moot, isn't it. Yes, but don't cry when you are late.

DangerHighVoltage111

Dude you lost. I gave you the option to drop this braindead take and you missed it. If you go by adoption than go back into the warm, convenient lap of the dollar, because this adoption dwarfs BTC and BCH. But we are here for sound p2p cash and only BCH provides that. So we do what Bitcoin already did once: Start from low adoption and grow it. What good is BTCs "adoption" if it is only about holding and selling it later for, maybe, more dollars. It's the anti-thesis to Bitcoin.

magma_lakes

Mullvad VPN. BTC + BCH + XMR + Lightning

your_unpaid_bills

No. Each fork retains its total supply. For instance, when the BCH fork happened, people who had X BTC prior to it ended up with X BTC on one side and X BCH on the other side of the fork. The new BCH could be accessed (and transferred/sold) using the same private keys, independently since it lived on a new blockchain (and, as a matter of fact, many/most people eventually sold their BCH). Of course, this is only possible as long as the other chain hasn't died off already, cause in order to transfer the coins that live on the forked chain, it needs to be actively mining blocks (and there must be someome wanting to buy those coins, clearly).

DangerHighVoltage111

110 showed us that the narrative of "node runners control the network" was never real. It was just convenient against scaling Bitcoin. To this day, BCH remains the only free, non-captured Bitcoin.

jekpopulous2

What? BCH, BSV, BTG, and XEC are all hard forks of Bitcoin.

MiguelLancaster

> it's just not likely that other people are going to care or value the resulting shitcoin BCH miner support was huge by comparison to BIP110, was it not? and even then, few value the resulting shitcoin

MiguelLancaster

will this result in me getting some free forked coin that I can sell for more BTC like the BCH fork did?

NewspaperOwn2765

You judge the coin based off the community and currently the community sucks when it comes to p2p cash , hence why we allowed it to be hijacked and engulfed by legacy finance Btc seems to be for speculation and maybe a store of value due to it’s hard cap. Monero and BCH seem to be actually about p2p

Mission_Ad_5348

Wrong, BCH is the real Bitcoin for adoption, including alts such as CKB Nervos Network, ( long term its projected to dethrone Ethereum because of account vs Cell model ( a superb version of UTXO or rather evolved version ) Zilliqa 2.0 as the better solana transaction scaling for stable offloads and regulatory framework and IDENTITY proof for institutions especially now with LTIN, vLel stuff. And COMPound for RWA since its a more secure DEFI than aave. Overall crypto is in a good road. Btc is not same with eth. Small blocks will die same as ethereums evergrowing state data that will only consume validators and end up handicap them when the data is too large causing clog fest and centralization due to technology's limitations. 

HSuke

Actually that sounds EXACTLY like /r/Bitcoin If you report a random person on that sub as a shitcoiner without any evidence, they will get banned. I know because that's how I got banned. Some asshole stalked me from another sub and falsely claimed I supported BCH with zero evidence on a random Bitcoin thread I had commented on a long time ago. The topic wasn't even remotely about BCH, and I didn't even mention anything about BCH. Apparently, falsely accusing someone is enough to get perma-banned. The Bitcoin sub is 1984.

wisequote

BCH literally tripled every cycle then goes down to 100-200 in bear markets. Literally every single cycle.

DangerHighVoltage111

I have no timeframe, the sooner the better. Could be through a slow process of local pockets or through a big financial crisis. Because it is better money. All the arguments that get made for BTC are actually true for BCH. Sound money you own, control and can transact without a third party, for everyone.

MajorAnamika

That must be why BCH is used all over the world as a currency.

DangerHighVoltage111

I explain BCH all the time, 90% get it.

DangerHighVoltage111

>Worthless trinkets are not a rEvoLuTiON. You essentially have useless counterfeit Pokemon cards. >Bitcoin is, and will always be, the revolution. Bcash exists as a basic IQ test to trick the dumbest people in this space. That's an absolute braindead take from a foaming at the mouth fiat Maxi. For starters, IF we want p2p cash we absolutely should try different things and see which one works best. In crypto as a whole this is overshadowed by everyone just cheerleading for their bags. Second, BCH is Bitcoin and it is objectively a better p2p cash system than BTC. Branding stupidity or heavy bags is why most people refuse to admit that. BTC stopped being the revolution when it refused to scale. Now BTC has lead dancers like this: https://i.imgur.com/iW7m615.jpeg

DangerHighVoltage111

I thought that was clear by moving from orange to green, but yes it was shortly before the BCH fork in 2017.

Minute-Lake-1819

You talking the 2017 forks? BCH and BSV? Or an earlier one?

DangerHighVoltage111

> I don't see any tangible difference between LTC and BCH Not gonna lie, that's on you bro 😎😄. Just one example: BCH doesn't have a crippling Blocksize limit. And can dogma free take the best upgrade path as hard fork or soft fork. > LTC and BCH tbh, both hover around a similar market cap and occasionally swap positions, and both are marketed towards p2p transactions (neither one has significant uptake). LTC overtook BCH as "BTCs silver" when BCH was up against all the maxis selling. But since BCH overtook LTC again there was only a single short lasting time where LTC was above it. LTC mainly rides on the shame free transactional blockchain for maxis when the BTC blockchain is clogged. > LTC implemented it's privacy feature much earlier and has seen negligible usage, I don't see any reason why BCH would be different, As far as I followed that development it wasn't a well received implementation and I think I remember someone claimed they broke it already?!? But to be fair I'm not sure on that. >I don't see any reason why BCH would be different Because BCH was always privacy oriented and Cashfusion has been used for a while already. Now you can have scaling, zk-privacy and smart contracts on one Bitcoin chain.

DangerHighVoltage111

BCH went from #33 to #10 and is no sitting at #19. I see no reason why it can't move back into the top 10.

Realistic_Fee_00001

I did too. BCH is nice to use.

Realistic_Fee_00001

BCH is shaping up nicely.

mrjune2040

I don't see any tangible difference between LTC and BCH tbh, both hover around a similar market cap and occasionally swap positions, and both are marketed towards p2p transactions (neither one has significant uptake). Litecoin has 10 times more daily transactions and 5 times the volume in USD terms- mostly because it still has the advantage of merged mining with Doge so there is a somewhat continuous demand. LTC implemented it's privacy feature much earlier and has seen negligible usage, I don't see any reason why BCH would be different, they really do occupy the exact same space in the broader crypto landscape.

went_belly_uppp

just maybe, BCH is an OG and i believe it is so underpriced

mrjune2040

Yes, but there are a ton of optional privacy solutions that are EVM compatible that have been around a while now- they work great and already have a huge addressable audience of active addresses. BCH is never going to be useful as a liquidity proposition for DeFi- it missed it's chance to scale with smart contracts by about 6-7 years. BCH is in exactly the same position that LTC is in, which is to say a very distant secondary PoW protocol, while trying to be a half-baked quasi privacy & smart contract play. It didn't work for LTC, it won't work for BCH.

DangerHighVoltage111

Then maybe they should start, since BCH offers all of this in one sound money package. Monero is an important project, but so far default privacy doesn't scale as well as optional privacy.

mrjune2040

Both of those protocols were privacy plays from the start- Monero being the most pure. And a ton of protocols have since implemented privacy features but it didn't do shit for their price action (see: Litecoin, or standalone side-chains like Midnight). If you care about EVM compatible transactions and interacting with funds where the majority of TVL value lays then you'd just use Railgun or one of the other ZK snark options which work great and you don't need to leave the Ethereum ecosystem. No one is using DeFi on BCH so it doesn't mean shit.

DangerHighVoltage111

Doesn't sound like garbage to me. Also I'm not selling. Sounds like someone is salty that BCH is moving forward while other coins are stuck with spam.... 😎

DangerHighVoltage111

Yes, the typical slander. BCH is more decentralized in development and governance than btc. Amauray and his client were later kicked by the community and devs as he attempted to allow himself a payout. AFAIK bch is the only coin that is able to and has done something like this. There are a lot of BCH haters out there.

Givefreehugs

Guess EDX institutions may have viewed BCH as having governance risks and issues with centralized node operators. Here is a good historical run down of BCH’s history of contentious leadership disputes, chain splits, and debates over mining concentration and governance. https://www.theblock.co/article/3547/bitcoin-cash-abc-adds-a-controversial-checkpoint-is-it-centralized?utm\_source=chatgpt.com

Givefreehugs

Wasn’t BCH kicked from EDX. For pre mining and shenanigans? It’s not listed globally because of it- not even sure it has passed MiCAR?

DangerHighVoltage111

I only care for p2p cash. Everything else is noise and distraction, so BCH and XMR are my only coins worth buying.

The_Bitcoin_Act

In a contentious fork, custodial platforms like Strike don't need a philosophical definition of 'Bitcoin', they just keep running whatever client the majority of nodes and market liquidity settle on, so your DCA continues uninterrupted on that chain, exactly like exchanges did during the 2017 BTC/BCH split.

IllllIIlIllIllllIlll

Just look at what happened with the Bitcoin cash fork. If you had 10 BTC before the fork, you then had 10 BTC + 10 BCH after the fork. Most exchanges listed BCH and copied your BTC balance from the moment of the fork.

TheGreatMuffin

My goodness, I'd hope this type of nut theories would end with the BCH fork and with the CGW trial at the latest, but man it seems to just go on and on :(

user_name_checks_out

Thank you Mister Avocado. I don't disagree with anything you say. I just can't cope with it. I did not understand coin control at the start. I have a UTXO that combines funds purchased from an exchange (for which I have a screenshot) with BCH converted to BTC via Changelly / Monero. I do not know if I will ever be able to spend that one.

redchannit8

don't forget to get your BCH, BTG, and BSV!

DangerHighVoltage111

You should at least accept BCH, LTC and XMR these are the usual payment blockchains. BTC is slow as hell if it is not LN. For Bitcoin Cash there are these full blown payment options: https://prompt.cash https://nowpayments.io/supported-coins/bitcoin-cash-payments https://www.bitrequest.io And the simplest one I could find: https://scantopay.cash/#/ Just to give you and idea what exists.

0fWhomIAmChief

Some of us dumped BCH for $5k 

rankinrez

The 1MB blocksize limit still makes no sense. But crypto isn’t about which is “better” for anything. People just gamble on these things, BCH could never have won once the exchanges gave the ticker to the other chain.

Realistic_Fee_00001

>There are only a handful of altcoins, whos blockchain can pull off serious tech. E.g. SUI, ICP, TAO, etc. You wrote BCH + XMR weirdly.

Realistic_Fee_00001

> My guy this is not a religion. Exactly, I'm stating the facts. You are stating the dogmas. BCH was a hard fork. BTC was a hardfork made softfork. 🤷‍♂️ >The pre-mining factor will never allow BCH to be pure BCH is as pure as Bitcoin. Again they were the same chain before 2017. >Owners of BTC all got BTC still and BCH And owners of big block BTC got small block BTC and had to rename their coins BCH. >You need to start a coin from scratch even if its BCH 2.0 but it needs to have no pre-mine There was no premine. That's propaganda. That is what I am trying to tell you. The BCH Genesis block is Satoshis block in 2009.

Doritos707

My guy this is not a religion. BTC was BTC. BCH is a fork, a new chain that continues from the data of the old chain. But it is entirely a new chain. BCH is BCH Owners of BTC all got BTC still and BCH The pre-mining factor will never allow BCH to be pure You need to start a coin from scratch even if its BCH 2.0 but it needs to have no pre-mine

Realistic_Fee_00001

You didn't get it. The same coins were BCH and BTC before the fork. Big blockers received small blockers coins and small blockers received Big Blockers coins. It's just your viewpoint. >how is BCH any different or better than BTG or BSV? I mean this question can only come from total ignorance. BCH is a working scaling Bitcoin with privacy, smart contracts, the fastest syncing node per MB and a lively community. BCH could manage the traffic of BTC, ETH and Doge together without any problem. >You are not even in line with reality any more while BTC is 1 TRILLION + , BCH is still under 5 billions. So what? BTC is worth more, so are military stocks worth more than solar stocks. I still rather invest in p2p cash than a captured controlled opposition. >This means that BTC OGs can spend a few billions each and every cycle to hinder BCH from ever seeing the light Yes, but BTC are peanuts against the dollar system. These guys can print trillions out of thin air. If Bitcoin as p2p cash system cannot win against this it was doomed from the beginning. Fortunately BCH does not need a higher price than BTC to win, it just needs people to use it.

Doritos707

Nope. A person had to be holding BTC prior to the fork to receive BCH. BCH holders suddenly had both BTC and BCH, how is BCH any different or better than BTG or BSV? You are not even in line with reality any more while BTC is 1 TRILLION + , BCH is still under 5 billions. This means that BTC OGs can spend a few billions each and every cycle to hinder BCH from ever seeing the light

SkimCarder

You need BC2, BCH2, Doge2, RVN, Rarvom, LCC, DGB2

user_name_checks_out

If it's anything like BCH then you just convert it back into bitcoin on day one.

Realistic_Fee_00001

Every holder of BCH got free BTC 🤷‍♂️

PhoenixJ3

BTC: store of value ETH: smart contracts XMR: p2p digital cash. Maybe a few other longshots like LINK BCH DOGE for reasons I'm sure you can guess after minimal research.

Personal-Bread-1081

it is probably a mix of things but the bank run definitely helps. when people pull coins off exchanges in coordinated way, the available supply get smaller and price can react. i did my part earlier today, moved some BCH to my wallet, felt good to have the keys for real last month when they did this the price moved a bit and then pulled back, but long term the idea is solid. if exchanges are playing games with coins they dont actually hold, eventually someone gets caught with their pants down. i remember reading that binance was hiding their BCH reserves for ages while showing other coins, that's sketchy behavior

sigh_duck

is that why BCH is going up

bunky_bunk

> When have you ever heard someone calling a hash a “checksum”? A crypto hash is a special kind of checksum. > You’re completely wrong about the trust properties of a “snapshot” + new blocks versus verifying from the genesis block. it's legit. BCH calls it "UTXO commitments" as i have just learned.

Shibinator

You can literally look into the enormous amounts of slander when Hijacking Bitcoin was released in 2024 - completely without a shred of evidence - as one indicator that it was still happening. I documented some of that here: https://x.com/TheBCHPodcast/status/2020898444865593811 But if you're sure there's no suppression now, that's fine. Everyone knows that inertia, momentum and network effects are huge. Even suppression in the past when it was first split could have destroyed the projects' initial prospects. Of course, the BCH community simply has to deliver better results, tech, adoption, education, conferences, hackathons, wallets and so forth that it makes any suppression (if there is any) irrelevant. So this is not some woe is me victim crying. We understand what we have to do. But it's important to be realistic as well. There has, without doubt, been immense suppression of BCH.

Realistic_Fee_00001

>You have to expose yourself to an exchange rate risk to make use of BCH features. That makes no sense to me. Have you used BCH? What exchange rate risk are you talking about? BTC/BCH or BCH/USD? You can use BCH directly there is no difference to any other crypto. >Also there are now many BTC holders who have no current exposure to BCH. If they stop to suppress BCH or endorse it, capital will flow from BTC to BCH and they lose value. Yes, BCH has a lot of upside potential. >A low feature, small blocksize (small hardware requirement) coin has real advantages. Resilience to attack and centralization. Again, makes no sense. It isn't even correct. Ask BIP-110 proponents how they feel about Core hogging the code of the single node repository. BTC is very centralized in development. >In my opinion BCH and BTC complement each other and everything would be smoother if their combined supply was 21 million coins. They don't, BCH can do everything BTC can. Once BCH is recognized as the better working Bitcoin there is no reason why it should not also be recognized as the better SoV. That's why they fight it so fiercely. >PS: One advantage of the small block argument is that the whole blockchain has to be downloaded to run a full node. I don't believe that is true. Then why are you parroting their false claims? > If BTC was to make regular snapshots (7 days apart for example) of the UTXO database and then include cryptographic hashes of those snapshots in each live block, then >(1) the hashes must be the same for the same most recent snapshot, a consensus would be established >(2) it makes downloading the snapshot possible >This weakens the argument for the necessity for small blocks. Exactly, BCH is already researching these. https://bitcoincashresearch.org/t/chip-2021-07-utxo-fastsync/502/86 https://bitcoincashresearch.org/t/chip-2025-03-merkle-header-commitment-for-enhanced-spv-scalability/1518

bunky_bunk

> BTC does not have the ability for wrapped coins, but BCH could have a wrapped BTC. But nobody needs that. You have to expose yourself to an exchange rate risk to make use of BCH features. That is significant. Also there are now many BTC holders who have no current exposure to BCH. If they stop to suppress BCH or endorse it, capital will flow from BTC to BCH and they lose value. A low feature, small blocksize (small hardware requirement) coin has real advantages. Resilience to attack and centralization. In my opinion BCH and BTC complement each other and everything would be smoother if their combined supply was 21 million coins. PS: One advantage of the small block argument is that the whole blockchain has to be downloaded to run a full node. I don't believe that is true. If BTC was to make regular snapshots (7 days apart for example) of the UTXO database and then include cryptographic hashes of those snapshots in each live block, then (1) the hashes must be the same for the same most recent snapshot, a consensus would be established (2) it makes downloading the snapshot possible This weakens the argument for the necessity for small blocks.

Realistic_Fee_00001

>I am trying to catch up here on the topic, not everything i say is necessarily my final opinion. 👍 > Still makes me wonder why the two currencies were set up to compete in the first place. If the same coins were being traded on both networks, wouldn't everybody be happier? That's not how this works. They were not set up to to compete or to cooperate, that's what communities do. They are the same blockchain started in 2009. They had one rule set from 2009 to 2017, then they split into two rulesets. The second ruleset appeared because it was clear that BTC was hijacked and won't ever scale to become a p2p cash system. With a second ruleset the two chains split and are now incompatible with each other, like two different chains. BTC does not have the ability for wrapped coins, but BCH could have a wrapped BTC. But nobody needs that. >I mean BTC would be more valuable if it had the technical capacity to be traded at high frequency. Yes, but the hijackers didn't care.

Realistic_Fee_00001

Lol XD your arguments get weaker with each post. I very much doubt that if you have something valuable to say and not just blurt out "XYZ is better!!!!!!1111" they very much welcome you. Imagine a world where Bitcoin was not about money or people were not so goddamn greedy. The fork could have been non-contentious and the sentiment could have been:"lets try both and see what works better" But since people invested more than they could lose they defended their bags instead of p2p cash. 🤷‍♂️ This discussion has become really boring with you just trying new stupid comparisons, so I'm out. If you want a p2p cash Bitcoin join BCH, that much is clear.

bunky_bunk

Regardless of motives of people involved, BCH was not popular and remains so.

Realistic_Fee_00001

The reason BTC kept the blocksize limit is to make it impossible to use it p2p. Reintroducing custodians and bringing the revolution back under control. So the only option for BTC to increase its throughput is a mutiny and subsequent kicking of the hijackers. And the conditions for that were best in 2015~17 and the Bitcoin community couldn't do it then. So they went for the last resort, they forked, with all its downsides, to preserve a scaling working Bitcoin: BCH. The BTC community is now in a much worse position than then. Additionally a block size increase would take a long time of discussion and implementation and they would be years behind in big block development and still deal with segwit/taproot and inscription spam. But once they decide a blocksize increase is the way to go, everyone knows the bCashers were right and it only takes a second to trade into BCH with all the benefits instead of waiting for BTC for a second best solution. And once the transitions starts and is visible in the trade chart they would be cooked.

Realistic_Fee_00001

Get with the times. BTC is hijacked and crippled. It ever only be a speculative token. Sound money can be found at BCH and XMR these days.

bunky_bunk

They can increase the block size limit and try again to make BTC more relevant. Or do a BCH relaunch with BTC and BCH sharing the same 21 million coins, again making BTC more relevant.

F0rtysxity

HBAR and XRP are the new BCH. Shit coins for shit people. Not shit people. But people that think they are smart. When they are stupid. Trump and MAGA voters. There. I got around to saying it.

bunky_bunk

I think they made a mistake with BCH. As far as I understand, each BCH coin was split from a BTC coin with ownership copied and the 2 networks were separate. If BTC wants to be a store of value, they have to design a system where the BTC is moved between the networks. Otherwise BCH could succeed while BTC fails, because BCH does not need BTC. Rookie mistake.

Shibinator

There's loads going on in BCH, you can look up "The Bitcoin Cash Podcast" (my podcast, also links in my profile) to get up to date. It made all the right technical choices, but has been of course suppressed heavily with propaganda of all kinds. Also loads of information about that available as soon as you start digging into it.

Bagmasterflash

Downvote for misinformation. Well CSW is everything you said but was unceremoniously booted from BCH

Bagmasterflash

The thing with open source is that with a dev team that is open to innovation any technical advantage any coin develops can be adopted by any other chain. Therefore, if BCH remains progressive and careful with innovations, the only difference will be the genesis of the coin which Bitcoin cannot be surpassed.

HSuke

That's BSV, not BCH

baIIern

It's still irrelevant after all those years and I don't know why it ever wouldn't be. Can't pay with BCH anywhere. Just look at the long term chart. It's slowly going towards zero. No new ATHs in years 🤷🏻‍♂️

MelangeBot

Me too. Last buy and sell was buy BCH around 110 and sell around 300. It eventually went to 700 and now back to 200 but I got my 3x and those are phenomenal returns in just 2 years.

DangerHighVoltage111

> It was supposed to be a currency and act like digital decentralized cash And the coins that pursue this goal, like BCH or XMR, will be the only coins left at the end, because the only alternative outcome is a privacy and surveillance hell called CBDCs. Don't pay attention to all the distractions. Divide and conquer still works.

aaj094

The blocksize won't solve the matter either. Infact the fees would further drop to near zero and there is no evidence that it will get made up by millions using bitcoin transactions to pay for coffee. See BCH and other cheaper coins for instance. The most practical way is to just end the halvings and thus retain a permanent tail emission. Why would anyone be turned off by a 0.4% supply inflation each year?

Realistic_Fee_00001

Not at the moment, if you are only interested in selling it for more dollar later. Maybe later when more people realize p2p cash is a massive improvement of our lives. Unfortunately in this branding focused world BCH now has a double uphill battle to fight. BTC completely destroyed all the better money momentum for short term gains. Tech wise BCH is light years ahead of BTC and our best chance to change the corrupt system to a much better p2p cash system.

MelangeBot

> Why would the standby miners keep the mining equipment running to rent it out? They will ofcourse only run it when somebody is willing to pay them to run it. >No one does that. Unless you get paid more to rent it out than you earn directly from mining. When the price starts slowly going down without going back up this will eventually happen. >The attack would cost billions and have 0 upside. The btc devs could just fork again and the attacker would be left with simply wasting billions. Right now you are correct. But as the price and hashrate slowly go down from this point eventually this attack becomes a big opportunity to quickly make a profit. >The btc devs could just fork again and the attacker would be left with simply wasting billions. So the devs would decide that a chain of orphaned blocks now suddenly has the concensus? You mean with rolling checkpoints like BCH once did to protect themselves? >The total hashrate has dropped from peak, yes, like in literally every single cycle, at similar time. Each cycle lows we get similar doom stories The cycle has happened how many times now? So you are saying that the cycle will go on forever, and the price of Bitcoin will always grow towards infinity? That's really what you believe?

rhagerbaumer

My Cardano (ADA) is down -83%. XRP down -60.89%. AAVE down -73.18. BCH down -62.90%. Basically the whole basket is in the shitter.

Fluid-Guarantee-9792

I already sell all my crypto shitcoins, had been a rollercoaster since I recovered my money from ftx, but I didn't learn.. and I keep my money on kraken.. now I look back and I was so obsessed with crypto that I did not put any money on stocks.. on April we I was standing on $23k, little less on what I started after ftx, then I f#ck it up buying #WLFI then sell everything, to buy some #BCH on a free falling, after keeping little less than $10k, I took out everything on Sunday and my plan is to try to get some of IA rally stocks like Mu, western digital, etc.. Right now I just bought everything I had on $10k of #TTWO stock (GTA IV ) and will hold it just the hype, 40, 50 days.. Wish me luck, mf Saludos cabrones After this month my plan is to diversify, on IA stocks and try to not get cought in some sort of IA bubble..