BCH, BTG BSV and other shit fork occurred because the community was not able to agree on the direction of the protocol, primarily over block size & fairness of mining but most failed due to a lack of support and liquidity. There are 100 forks shit, but 90% dead now
But now we no longer need drama, we have evolved to cooperate. We got the opportunity to upgrade (scaling, privacy & lightning support) without splitting the chains because of the soft forks like SegWit & Taproot. Therefore, it is the reason why threats of hard fork have not been witnessed in the recent past. In other words, the use of forks was that of a chaos-guided experiment, whereas now Bitcoin is advancing intelligently through consensus.
But now we no longer need drama, we have evolved to cooperate. We got the opportunity to upgrade (scaling, privacy & lightning support) without splitting the chains because of the soft forks like SegWit & Taproot. Therefore, it is the reason why threats of hard fork have not been witnessed in the recent past. In other words, the use of forks was that of a chaos-guided experiment, whereas now Bitcoin is advancing intelligently through consensus.
What if Bitcoin cash was merge mined it might have been better. Ive been trying to think of a idea that can really help. Like a merge mined fork called "Bitbill" the name may change but I like it. Could help miners with electric bills and late comers. The block size may have to be raised 64MB sounds crazy. But I would like the TPS to be more than Bitcoin Cash. I think support is most important but liquidity will come with a great protocol. The branding and marketing can push it into being adopted.
merge mining Bitbill to Bitcoin is not particularly new. Merged mining is putting one rig to work on two chains simultaneously & it is a real thing. This was done by Bitcoin &
I see so sad i.was not there earlier too many bad coins. I tried to launch a few good ideas but liquidity is lacking. On top of that no use case even though they had different attributes. Hard to not be come cross as bullshit because you can have all the bells and whistles. Still be a shitcoin hmmm I will keep trying something .
What do you think of these specs?
Block reward: 5 maybe keep at 50 for 210m
Halving: 2,100,000 blocks
Block Time: 60 seconds (1 min)
Retarget: 202 blocks
Block Size: 10MB
Max Supply: 21m
Merge mine
Bitbill
Created to help miners with electric costs and other amenities. Can help create a fast sidechain of value so BTC miners can store their BTC. Use Bitbill and save your BTC to help the value grow to 1 million. Instead of taking miners away from the original chain Bitbill can help strengthen the security.
Will need a tutorial for miners to hook up AuxPoW.
My argument is that miners will drop out because the profit margin and the reward will continue to drop. With Bitbill the block time is 10 times shorter so it gives miners more chances to get rewards. It's not a coin like the others claim to be it's a bill like electronic cash. Not mining for coins instead your computer is working for bills.
The scaling was helped with segwit and Taproot but still could use some energy to get to 1 million. If Bitcoin is digital gold then Bitbill is digital cash that is deflationary.
More like a job a wage instead of a reward every 4 years the WAGE decreases with halving but the value should rise. It's like jobs right but the opposite jobs wage go up but the value decreases because of inflation. Nothing new like you said it's just the branding is better Bitcoin is a great technology and brand. Instead of claiming to be the better version of Bitcoin it's claiming to be the better assistant to the BOSS.
Wish I had 10000 Bitcoin to fund this project I might lose 9000. Id sacrifice it to help get Bitcoin to 1 million. So that 1000 would turn into 1 Billion. You see I would make others richer and still have enough to get it jumping worldwide. Bitcoin grocery store, clothing store, gas station, restaurants crazy shit like that to promote. Sigh