Bitstamp: creating an API key
5 stars based on
64 reviews
The release of the news about BCC a few days ago caused a mini crash in the bitcoin just as the price seemed to be recovering on the locking in of BIP If Bitstamp chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork. BCC would also be subject to the same due diligence processes as for any other alt-coin, which requires time and careful planning.
We have no plans to support the Bitcoin Cash fork. We have made this decision because it is hard to predict how long bitstamp api key weather alternative version of bitcoin will survive and if Bitcoin Cash will have future market value. This means if there bitstamp api key weather two separate digital currencies — bitcoin BTC and bitcoin cash BCC — customers with Bitcoin stored on Coinbase will only have access to the current version of bitcoin we support BTC. Customers will not have access to, or be able to withdraw, bitcoin cash BCC.
So far most of the other exchanges have not actually talked specifically about BCC and have only put out statements saying that they will disable deposits and withdrawals of Bitcoin to protect their customers. If we interpret the motives of the creators in a positive light we might say that it is a bluff that is designed to create further impetus for an actual block size increase.
Although, Segwit will almost certainly activate in the next few weeks, there is doubt to how much scaling room it will create. What is truly needed is an increase in bitcoin block size - this bitstamp api key weather the 2x part of Segwit 2x and will come in the form of a hardfork in mid November.
A kind interpretation of BCC may therefore bitstamp api key weather that it is an opening salvo in trying to put psychological pressure on those who might resist larger blocks, i. I see it as an bitstamp api key weather cash grab. I am more cynical though. I see BCC as a ploy to make money when the market is in bitstamp api key weather vulnerable position. Any value that it has will come it's association with Bitcoin even though I agree with the sentiment that it is little more than another altcoin which just happens to have the same transaction history as bitcoin.
Further there is a strong possibility that BCC will have a much shorter life than the average altcoin. Secondly we already have a whole host of altcoins that can actually scale, have bitstamp api key weather world proven value and in many cases have superior technology.
Seen as an altcoin BCC is just not a serious contender. So in my opinion BCC will not last very long. Accusations of scam are all too common in the community and this does not help. When BCC does collapse it will leave those naive investors who bought it thinking it had a future, holding an asset that has little or no value.
Indeed there is a strong possibility that it will be worthless as mining for it could completely collapse. Those who think that the split will be giving them free money should take this into consideration. We already have a reputation for scams and this will play into that.
That may be a poor financial bitstamp api key weather but I would rather not contribute to people being scammed and that is essentially how I see it. At some point we need to consider what is best for the community as a whole rather than just our own pockets.
I think it is, to some degree, the selfish mercenary attitude of parties like those involved with BCC that has held back greater cryptocurrency adoption and the more it continues, the longer we will hold ourselves back from going mainstream.
What do you think? This bitstamp api key weather because blocks were full and transactions weren't going through unless you paid really high fees. What makes this worse is that it by design of the Blockstream team that hijacked Core development. If you're not aware, Blockstream is funded by AXA, a multinational insurance giant and bail-out recipient and 3rd largest company in the world.
AXA is absolutely against bitcoin as a p2p cash system. This isn't my opinion, they openly state it. Bitcoin Cash is the result of the actual community that wants to scale bitcoin the way it was intended to. Its bitstamp api key weather a scam or trick to make money.
Its regular people bitstamp api key weather myself that want bitcoin to become the p2p digital cash that frees us from ever having to use the banking system and their fake money again.
It's a cash grab. If the bitstamp api key weather were really interested in this they would have supported BU. It may be in your interest to pretend otherwise but it is nothing to do with the ideals you are professing. Well, its clear you're a shill when you are just making arguments that aren't backed by any facts. The only troll here has consistently been you.
Either learn how to disagree with people in a civil manner or get muted and flagged. Nobody has a right to act like a troll. Sad that you don't understand the distinction, that said I wouldn't be surprised if you are just the same guy using a different account.
I invite you to come to the investing site http: You'd get torn to shred in minutes. Why would that bear any relevance to anything? Hardly surprising that people on your chosen forum would have the same opinions as you. That does not make them right or correct. If you had anything of relevance to add you would have done it by now. Instead you have made two pointless comments. I am not a small blocker but to be honest it is hardly surprising that you guys would spread your crap here. I completely agree with your sentiment.
Its extremely unlikely that both will be sucessful longer term. However, BTC has first mover advantage, which is also why it is so far ahead in terms of capitalisation, compared to other alts.
The only real world dealings with crypto bitstamp api key weather via BTC and whilst I dont think it will continue like this indefinately, it will in the near term and that gives BTC a major advantage. I expect either BCC to crash through the floor as everyone sells their 'free' coins, or for it to stumble along for 6months or so, slowly losing value bitstamp api key weather it eventually dies.
This is not a comment on the standard of the product, rather on the economics of the situation! But BCC will survive for 6 months if only as leverage to make sure the 2x part of Segwit2x get implemented. It seems like everyone is pumping bitcoin so they have an opportunity to benefit from exchanges like bittrex who are offering bitcoin cash to a 1: What I'm fearful is the backlash and the rubberband effect it will have.
I feel like people see no value in BCC, they only want it as they see it as a way to get free money so it will almost inevitably get dumped. I guess we will have to wait and see but at the moment there is a huge altcoin dump and squeeze as people are craving to get them hands on some 'free money'.
However, with all this new money generated if there is any I think people instead of converting it to fiat may just convert it to all the altcoins that have dropped dramatically in value due to this bitcoin dominance growing. Let's hope everything turns out to be a positive thecryptofiend but I think it is pretty sketchy how people are willing to risk keeping their coins in exchanges just so they can benefit from BCC. After the shapshot, btc will probably rise a little more when investers realise the sky didn't fall.
Btc-c will drop as people sell off their free money and the other alt coins will stabilise to the levels they were previously at. I think that is exactly what will happen. Further long term holders who have huge amounts of bitcoin from the early days will likely dump it at any price in order to protect their investments. I think it will be positive except for the people who buy into to BCC - they could well lose bitstamp api key weather money.
Bitcoin Cash is forking back to the original vision of bitcoin, rather than adopting govt-sponsored Segwit. If BCC is worth anything significant, I'd like for Coinbase to sell and credit me a portion of the profits made off my Bitcoin. Bitstamp api key weather see if that happens. Thanks for sharing this great post. I hope this will help lot of people to take smart decision about weather or not they will keep their BTC in coinbase or any other site before 1st August. Very thoughtful opinion, now I'm actually worried for the future.
Surely you know bitstamp api key weather BCC is the real Bitcoin, the only one that matches the white paper, and that SegWit and off-chain transactions bitstamp api key weather the very definition of Bitcoin? It is a cynical money grab. Further if you are talking about the original whitepaper then neither the 8MB block size is entirely consistent with that, nor is the fact that one single exchange and mining pool is doing it.
Let's not pretend that this is sticking to some kind of ideal. If you really believe that then there are better alternatives such as Bitcoin Unlimited. Your post was mentioned in the hit parade in the following category:. I would, therefore, firmly bitstamp api key weather the cynical stand you have taken rather than the nice stand. Your point about altcoins being available with superior technology is also valid.
Why would we go invest in a bitcoin fork if we wanted something without more market cap but with bitstamp api key weather technology - there are a lot of options. Thanks for this heads up. Update at my end - I am traveling and so have very spotty internet connections. Still - wanted to share my thoughts about one of my bitstamp api key weather with Steemians so I have posted a blog 'War and Peace: Iron birds' with my original photo and musings.
As always, I request you to visit the blog whenever you have a few minutes free. Your comments will help me complete my thought process on the topic. I'm intrigued by all of it I do see both sides of "the coin". Very informative and useful to readers. Hard to predict what will happen. So just hold and keep your Bitcoins safe private keys.
Get all BTC out of exchanges and hope for the best. In the end, I feel everything will be ok and BTC will continue its inevitable rise.
