Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791

TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Yes it does. It would help us secure bitcoin's greatest use case: https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22

Whereas targeting the block size for some arbitrary optimal or maximum transaction capacity serves no founded argument.

Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right?

list of bs points:

Quote

Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesnt Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesnt Necessarily Increase Its Value As Per Metcalfes Law
Bitcoin As A Coffee Money Doesnt Scale

In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.

Nobody cares about BitPay. In 5 years time BitPay will be forgotten.