Post
Topic
Board Speculation
Re: Will BCH kill BTCSegWit while reinstating BTCSatoshi?
by
CoinHoarder
on 10/12/2017, 23:46:24 UTC
Meh, I don't know why you insisted on dragging me back into this debate...

I don't care for having the last word.

Okay then you were attacking Roger Ver in your comments, but in the following video he articulates a very compelling and simple reason why BCH is superior:

https://youtu.be/cJAAMtqXc5I?t=181
Roger Ver is a scam artist that stole the Bitcoin brand name to springboard his Bcash altcoin. That is why he gets so offended when people take the word Bitcoin out of the name because it takes the power away from the "bait and switch" scam. My criticisms of Roger Ver have nothing to do with the non-"superiority" of BCH.

There are also many ALT coins have the same "superior" properties that are being argued in support of BCH (big enough blocks that are empty enough which results in cheaper transaction fees). Yet, here you are championing Bitcoin Cash. Why are you not championing any alt coins too?

He said Bitcoin no longer has transactions "basically for free", but such transactions are unsustainable. There is no such thing as free transactions. They must be paid for with transaction fees, or paid with inflation. He is living in fantasy land if he thinks "basically for free" transactions are sustainable. Once the block subsidy decreases enough let's see how his "basically for free" transaction fee model works...

And anyways... on-chain Bitcoin transactions are still really cheap. I sent a transaction the other day with a $0.50 transaction fee. The only thing that isn't cheap is if you want your transaction confirmed really quickly. But Bitcoin is not ideal for such transactions anyways (IE. buying coffee). See below...

The question is just when do they get pushed over the cliff. For Europe, that is coming very soon. For SegWit, maybe not until 2019 or so.
A lot can and will change between now and then. Looking that far into the future (especially with how fast things move in the crypto world) is useless. It is a possibility that the market will have effectively killed BCH by then, and killing Bitcoin would be financial suicide by the miners. Thinking everyone will just cut their losses and switch to BCH after such an attack is wishful thinking on your part. Bcash is just an ALT coin, and whose to say another ALT coin will not be the main benefactor? You certainly can not tell the future, and cannot argue so with speculating on what MAY happen in the future.

They’ve committed to being the scaling coin, so they don’t anticipate political problems with increasing the block size. Of course if true, that means it’s centralized, but so is every coin. Who cares about the future. Everything will change. Here and now, BCH has lower fees (and doesn’t have the one confirmation block period slowing down to MUCH higher than 10 minutes, irreparably for more than two weeks).

It’s the only exact Satoshi protocol blockchain (except for the larger blocks) with major miner support.

If you really want to talk about the HERE and NOW....

Who cares about making transactions via cryptocurrencies, really? They are a speculation vehicle based on their future utility once major adoption occurs. No one wants to buy their coffee in a neutral-inflation (or deflationary) cryptocurrency when they can buy it with the inflationary capital they have. Inflationary capital (FIAT) of which is necessary to own in order to survive. It doesn't make any economic sense to spend an asset that is rapidly appreciating in value (cryptocurrency) when you can spend an asset that is slowly depreciating in value (FIAT). Try to live off of cryptocurrency only for a while and tell me how that works out. Hint: using a debit card or other service that converts crypto to FIAT is not living off of only cryptocurrency.

Only Bcash FUDsters want to buy their coffee with cryptocurrency. That is the HERE and NOW. And as you said in your own words... no use in worrying/caring about the future because everything will change. The HERE and NOW is that Bitcoin's Network Effect will reign supreme in the short term. Bcash holders that want to buy their coffee with cryptocurrency will miss out on the huge gains Bitcoin will receive due to the Network Effect. The Bcash "idealists" have effectively already spent their war chest pumping Bcash from $300 to $1500. Notice it has been effectively stagnant since...