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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rafanadal
on 20/12/2017, 01:28:17 UTC
Ok serious question u guys

in what way is Btc better than BCash ?

It sticks to optimising its monetary priorities and doesn't try to be something it's not.

BCash pretends to be a "fast" coin than can scale and support realtime payments but it's nothing of the sort. Doing realtime payments requires a distinct security model at the front end of the confirmation cycle. The only blockchains that have that are Dash (on-chain) and presently the Lightning Network (off-chain).

Meanwhile Bitcoin is trying to protect and enhance its store-of-value properties by focusing its development priorities on security and conservative design at the expense of on-chain performance (which is can easily afford because it's still 8640 times faster at settlements than the clearing banks at 20 minutes vs 48 hours.

So BCash is basically a plastic toy that's of no use to nobody other than as a protest coin for purchasing low-flying toys eminating from Roger Ver's pram. Fallen through the crack between two genuinely worthy monetary priorities and which does justice to neither.

thanks