Post
Topic
Board Speculation
Re: Will BCH kill BTCSegWit while reinstating BTCSatoshi?
by
CoinHoarder
on 02/12/2017, 03:04:49 UTC
I must say I have changed my opinion about BCH. I still don't like it, but I take it more seriously, and I have decided to hold as much BCH or more as I hold BTC, fear of being poor as they say.

Bitcoincash is much more usable that bitcoin (because lower fees and less hoarding).

For example archive.org is fundraising at the moment and has received more donations in bitcoincash than bitcoin:

https://www.reddit.com/r/btc/comments/7gsigz/archiveorg_donations_btc_vs_bch/

(And if you look at the archive page, they've received donations from zcash too).

Lol at some random fundraiser is your proof that there are less BCH hoarders. That is a rediculous conclusion to jump to based off one fundraiser no one's heard of. I bet it was Roger Ver that paid it... lol

I still see no evidence that BCH will overtake Bitcoin, or even challenge it. It seems like Bcash has lost some of its steam the past week or so, but we will see in the future. The price increase several weeks ago was probably just Roger Ver and his millionaire buddies buying up all the supply. Everything about it is so sleezy, so I have a hard time believing the Bcash takeover theories. The free market will hopefully reject the scam at the end of the day.

The more and more Bitcoin forks that are made only helps prove that Bcash is an ALT coin with little value. 1/ Something like Monero is a better cash and (store of value) than Bcash. Its way more fungible, private, and it has a "tail emission" (a small percentage of inflation in perpetuity... so there's mathematically less incentive to hoard and more incentive to secure.) Ring Signatures and RingCT shields both whom is sending/receiving and how much. Instead of raising the block limit by hardforks, there is no block limit. It is only throttled by bandwidth, memory and processing limitations. Yet, since Bcash uses Bitcoin in its name and was promoted by a few whales it is championed, lol.

I have read at least two research papers that state on-chain scaling by perpetually increasing the block for eternity can not scale due to network propogation, network latency, and bandwidth issues (unless completely redesigned, which does not seem to be on the Bcash road map... thus it's a "scalable" sham):
http://www.comp.nus.edu.sg/~prateeks/papers/Bitcoin-scaling.pdf
https://github.com/bellaj/Blockchain/blob/master/Bitcoin-NG%20A%20Scalable%20Blockchain%20Protocol.pdf
http://vukolic.com/iNetSec_2015.pdf

Once Lighning Networks make there way to existence, then I predict it will drop like a stone. There have already been successful payments through Lightning Network payment channels on the main chain (not on Testnet)... it's just a matter of time.