There is a strong contingent of bitcoin cash people who post a lot of conspiracy theory and negative sentiment around bitcoin core and try to convince people that bitcoin cash is the “real” bitcoin. I assume they are strategically upvoting this.
Maybe people realize that bitcoin's $28 USD transaction fee means that people will never use it for anything except speculation, and that without more than a few KB/s of transaction throughput the promise will never pay off.
Fewer people realize that in order to maintain network security with an ever halving block subsidy, high fees are a necessity. I wonder know how Bitcoin Cash plans to handle that. It's next to impossible to make up 1000x lower fees with 1000x higher transaction volume.
So while the comparision is not that bad, most of the money that humanity has is stored capital (mostly in stocks, bonds and houses, and a bit of gold and some cash).
7 comments
[ 2.6 ms ] story [ 30.7 ms ] threadSo while the comparision is not that bad, most of the money that humanity has is stored capital (mostly in stocks, bonds and houses, and a bit of gold and some cash).