We don't know for sure the developments in the coming days, months and even years. For now. Bitcoin Cash (BCH) is still considered as an altcoin to Bitcoin and whether this new coin is the one that can topple the real Bitcoin...we will see on that. As of now, it is still the real Bitcoin that is the reigning king of cryptocurrency.
This all boils down to support and usage. If holders and users of Bitcoin will shift to BCH on a massive scale then maybe that can be the sign that BCH is already the new Bitcoin. Personally, I am seeing that the two coins can live alongside each other peacefully as there is nothing wrong when we possess both of them.
As they say, the more the merrier and this is quite true in cryptocurrency.
This all boils down to support and usage. If holders and users of Bitcoin will shift to BCH on a massive scale then maybe that can be the sign that BCH is already the new Bitcoin. Personally, I am seeing that the two coins can live alongside each other peacefully as there is nothing wrong when we possess both of them.
As they say, the more the merrier and this is quite true in cryptocurrency.
Yes. Very well said.
But I really wonder why they have to split though just to upgrade the Bitcoin blockchain (a decade old) transaction speed. Is it really about the transactions or about the who's idea to follow?
Hopefully Bitcoin will still be the reigning king of cryptocurrency in the years to come.
Just like different Linux distributions, they serve different purposes. The only difference in the analogy is that to create a new Linux bistro, you'd have to preinstall it in the previous suer base. And then they'd have to delete it. SO the analogy breaks, but the point is that to be fair, everyone is awarded 1:1 a stake in the complementary coin. But the most typical reaction of those that could hold it would be "delete it" (sell at vile prices).