So much denial and ignorance about what is happening here.
Bitcoin Cash is exploding because 2x failed.
Why?
Because it means bitcoin core chain will not scale. It's freaking simple.
Bitcoin Cash is going to have lower fees, faster confirmations, and its going
to be more usable.
Bitcoin Core has chosen to relegate itself to a store of value only,
which is dubious. ...Or bet on some future off chain scaling that is
just as shaky.
Ive been reading the different posts opened about the subject on this forum and its surprising to me that nobody is commenting about what you say.
No scalation means that bitcoin wont become mainstream because of the vast amount of energy needed to do so. This keeps bitcoin far away from Satoshis idea of a p2p electronic cash system. I dont know if hardware upgrades could significantly help, though, as it already happened.
Since I began understanding bitcoin and cryptos world I thought that bitcoin would be the new gold, as it would be used as a store of value, and there would be another or other alts that would be used as the new cash, electronic one. However, that might not be the case, and maybe only those coins able to be used as cash, with fast transactions and low fees, will remain.