Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 07/01/2018, 02:33:39 UTC
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.

Translation:
"Blah blah blah I got all my BCash for free because I bought Bitcoin before August 1st. I didn't have to actually buy any BCash directly, so I've got no real skin in the game, nothing to lose, and everything to gain. Switching to a different or newer, better coin and ledger would make my free coins irrelevant and worthless, so I continue to shill for BCash. And I could give two shits about anyone who actually now has to buy BCash after August 1st. (which is really like the rest of humanity on earth). Fuck them."