Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Will Bitcoin Cash replace BTC after the Fork?
by
Hyperme.sh
on 06/11/2017, 19:48:22 UTC
Quote from: mjglqw on November 02, 2017, 05:04:23 PM
In my opinion it's very unlikely that BitcoinCash(BCH) will kick out Bitcoin(BTC) out of the first spot. Theoretically possible, but very unlikely. Even so, if BitcoinCash(BCH) were to beat Bitcoin(BTC), I'm sure it wouldn't happen after the Segwit2x fork. It would take lots of lots of years of convincing people to use BitcoinCash(BCH).

There is a scenario where SegWit (1x and 2x both) entirely dies and BTC (Satoshi’s protocol) is restored:

Quote from: Hyperme.sh on November 06, 2017, 12:17:48 PM
The entire fucking point of the game theory of Bitcoin is to be immutable and remove governance. Now we await to see if the SegWit “pay to anyone” booty will be stolen with a long-range chain attack restoring the immutability of Bitcoin, or if the game theory failed.

Click the link in the quote above for more details.

The question is would BCH with 8MB blocks be the version of Satoshi’s protocol (i.e. no Core BIPs) restored, or would it be the one with 1MB blocks.

The entire point is that if you want to improve Bitcoin, then make an airdrop with replay protection and let the market decide. That is a decentralized paradigm. Do not hijack Satoshi’s protocol as some privileged centralized tyranny and try to force it to disappear as Core did.

That is why I was screaming to buy BCH at $300. And everybody looked at me like I was a kook and looney, same as when I was screaming to buy LTC at $6.

Quote from: rpg on November 03, 2017, 06:43:15 AM
BTC is king forever and there is no place to another king.

BTC is Satoshi’s protocol. SegWit is a “pay to anyone” insecure altcoin.