Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Peter R
on 07/01/2018, 01:12:06 UTC
That is not relevant in the least. It will make it better than it is now.

We need improvements. Before we hit $100+ fees would be nice.


Why does BTC need improvements?  If it is digital gold -- designed to be held and not spent -- then high fees that make it more difficult to use could be seen as a feature.  Plus small blocks make it easier to run full nodes, which is important to many people.  



How come you can't articulate the simple following explanation:

In what if any way is Bcash superior to LTC, DASH and DOGE as transactional currency?


I view money as a ledger.  Or "money as memory," as per the work of Kocherlakota. From this viewpoint, it is the information encoded in the ledger about who owns which coins that is of value.  The actual mechanism used to update that ledger is just a technical decision -- which is the best paper to write on?  Which is the best pen?

Bitcoin Cash (BCH) and Bitcoin Core (BTC) share the same ledger up until August 1.  At this point, the "ledger updating mechanisms" diverged (BCH allowed more information about the state of the ledger to be updated every ten minutes to facilitate growth).

Switching to DOGE would be like ripping up the "ledger of money" because the pen we were using to update it ran out of ink.  Instead, just get a better pen and keep updating the same ledger.