Post
Topic
Board Altcoin Discussion
Re: Bitcoin Cash vs Bitcoin SV
by
Abiky
on 30/01/2019, 23:26:27 UTC
...This hardfork seems shady for me and I don't see big future for any of these coins.

Me neither. Both coins are centralized with no purpose for the real world. They have nearly the same scalability roadmap where they'll continue to increase the block size to new heights. When compared against Bitcoin, they're less secure and resilient for everyday transactions. Despite that Bitcoin devs have been criticized by not properly scaling the cryptocurrency, I believe that they're doing a good job since they're preserving decentralization which is most important.

It's easy to increase the block size to any desired level, but it could have serious risks of centralization in the long term. One needs to have in mind the interest of the people, to help maintain the cryptocurrency as decentralized and free from middleman as possible. Bitcoin SV is extremely centralized in its mining process (as the 3 major mining pools are controlled by nChain), while Bitcoin Cash is centralized by its own developers (implementing checkpoints, etc)

Because of the Hash War disaster, I've decided to never get into Bitcoin Cash again. Prior to such event, I've sold all my BCH to BTC as I had the feeling that prices were going to fall across the market due to the hard fork. Many investors have become disappointed by Bitcoin Cash ABC and Bitcoin SV, which has led them back into Bitcoin (BTC) itself.

Nonetheless, the future lies for Bitcoin instead of all the other useless Bitcoin forks. Just my opinion Smiley