Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
by
soliton
on 10/10/2018, 09:59:00 UTC
Sounds crazy but there are rumors that more than 30% of BTC in circulatory is gone forever  and I think this  had consequences for BCH advance as alternatives had to be found.

 Huh Not sure what you are driving at? Are you talking about the possibility of BTC fees getting so high that many UTXO are more expensive to send that what they are worth? The reason BCH came into existence was to cater to a substantial part of the Bitcoin community who believed the block size should simply be raised. It's that simple.

No, I meant  people who had lost their BTC   would  likely use  BCH which is more affordable alternative for them.

Are you talking about people who lost their bitcoin either by sending to the wrong address or losing their private key? I don't see why they would proceed to pick BCH rather than BTC, unless they feel BCH has more upside potential.

The guy probably mean BCH is more affordable than bitcoin, thus for the same amount of money, people can buy and own more BCH than bitcoin

Exactly,  you hit it right on the nose and at the same time, as the exchange rate of the BCH will  rose against dollar, the  general purchasing power of invested bucks will increase.