Post
Topic
Board Development & Technical Discussion
Re: The consensus dead end.
by
Metal Brain
on 01/05/2021, 12:15:36 UTC
Bitcoin has the same problem once there is no more coin to mine. Transaction fees have to increase with both bitcoin and bitcoin cash in the long term. The other posters are continuing to be dishonest in calling bitcoin cash centralized. It is not completely centralized. Why are other posters on here so eager to lie about bitcoin cash? Can't they defend bitcoin without lying?

If people continue to lie they have already lost the debate. If they want to compare how decentralized bitcoin is relative to bitcoin cash that is fine, but falsely claiming bitcoin cash is centralized amounts to propaganda. Lying is an admission of failure and desperation.

Small transactions with bitcoin are impractical. It is a problem that will not go away. More decentralization also makes changes to correct that problem less likely to happen. The notion that consensus will solve everything in the future is a guess at best. Can enough people agree? Bitcoin hard forking into bitcoin cash is an example of the difficulty of bitcoin consensus to be reached.

Bitcoin was the first created cryptocurrency based on crude guesswork. Bitcoin cash was an improvement on the flaws of Bitcoin, although not perfection as tradeoffs are necessary. The assertion that bitcoin is more stable in the long term than bitcoin cash is ridiculous nonsense. The success of both in the long term is dependent on adjustment of transaction fees. Too many people here seem to be in deep denial of that.

It all comes down to which can evolve with the necessary changes better. A less centralized coin is probably the best bet. Decentralized sounds good until we find out consensus fails to be reached in the future. That is NOT a trivial issue, no matter how much bitcoin loyalists downplay it.