Post
Topic
Board Speculation
Re: BCC taking the crown.
by
deisik
on 06/08/2017, 10:34:22 UTC
The volume is really big like bitcoin? You're either nuts or lying...

BCC last 10 blocks, took 8 hours to confirm, in that time there were 3.483 transactions worth 61 million USD.
Bitcoin last 10 blocks took under 1.5 hours to confirm, in that time there were 15.438 transactions worth 428 million USD.
Now scale that up to the BCC timeframe and we see BCC has less than 2.7% of the economic traffic of Bitcoin

So what's the point of this coin?

Your figures just show how pathetic this Bitcoin Cash is. If its economic power is only around 3% of Bitcoin's, then its current price of about 200 dollars per coin is still overhyped, and it has plenty of room where to collapse into. If we make simple calculations (I know they are not meaning anything in particular but still), we should see its price well below 100 dollars. And this is where this shit alt coin belongs, i.e. below 100 dollars per coin closer to the lower end of that range at that

It IS pathetic, that's not the point i was trying to make when i started the topic.

My points are:
BCC is true to Satoshis whitepaper

I don't quite understand what you refer to here

If Satoshi envisaged Bitcoin as a currency, i.e. as a genuine means of payment and exchange, then I agree that Bitcoin is nowhere near that. But, on the other hand, I can't possibly see how Bitcoin Cash takes us in that direction. Such adoption still won't happen just because BCC has larger blocks. People won't miraculously stop speculating with Bitcoin and start using it as a payment for goods and services. Further, even on purely technical grounds, there are already much more efficient and effective off-chain solutions that offer virtually unlimited processing capacity, and that doesn't mean that we should write them off completely and blindly follow "Satoshi's vision" simply because he didn't know about these solutions in his time

I'm sorry but if you really don't understand the danger BCC poses to Bitcoin you really don't understand economics or Bitcoin.
People are really getting fed up with the bankster/blockstream NWO agenda of Bitcoin and that will show sooner rather than later.
Remember we created Bitcoin to have an opportunity to get rid of those banksters, big corporations and governments influencing and controlling our finances.

This is all empty talk