Post
Topic
Board Altcoin Discussion
Re: Will Bitcoin Cash beat BTC?
by
1L0v3
on 18/11/2017, 04:27:15 UTC
BCash has a different use case and far far less development. It's got some rich people pushing it for sure.. with extremely obvious manipulation, and I think it will stay around in some form, but it is another alt coin and will remain inferior and less valuable than the real Bitcoin.

What you have to remember is that it does not offer censorship resistance.. with larger blocks and more centralized mining power.. it's easier to shut it down or manipulate it - and because of that - people won't want to use it as a store of wealth - because they don't want their wealth to be taken away by a bad actor. BCash by it's own admission isn't even trying to be a store of wealth.

BCash is trying to be cash.. but who trusts cash controlled by Chinese mining pools - which are under the control of the Chinese government? Better to have US fiat which let's face it is mostly digital anyway and has the backing the the US govt at least - better than Jihan and Ver! Also - cash needs to be stable to be used as a currency - so it's not as good a speculative investment if it were to succeed as cash (which I don't think it will) because it would stay around the same value. I think it's more likely to remain a speculative vehicle and be manipulated but remain with some value - may go up (certainly with pump and dumps to scam newbs and weak hands) but real Bitcoin is a much better long term investment with solid fundamentals.