ok i'm going to give you guys a tip, so listen up. some of you guys here are pretty smart. but most of you aren't. there's nothing wrong with not being smart. most people aren't. but maybe if you listen to me you'll make some money.
bitcoin cash is going to be the Amazon.com of crypto. >what does this mean? it means that they want to provide all the functionality that every competing crypto provides. it means that if they execute that no other cryptos will have value. vitalik buterin initially wanted to build Ethereum on top of bitcoin. it was only after that the bitcoin team told him to piss off that he decided to build ethereum. but smart contracts are totally possible on top of bitcoin cash, not bitcoin segwit. similarly, with extension blocks, privacy guarantees as strong if not stronger than what coins like monero provides is totally possible. you'll still retail blockchain auditability--the privacy will be optional. further, because its not a "privacy coin" per se, a government less easily can decide to outright outlaw it. >but user why won't bitcoin just do this? bitcoin segwit literally can't due to its blocksize limitations. segwit itself also carries major problems. lightning network, which bitcoin segwit is staking its future on, is vulnerable to bank runs and is equivalent to fractional reserve banking. bitcoin segwit is also vulnerable to "altruistic selfish mining", which could lead to segwit transactions being stolen. the economics of this are downright scary.
The same way I explain blockstream being funded by AXA.
Connor Allen
Obvious bait.
If I want better privacy and guaranteed decentralisation of mining, I've got XMR.
If I want smart contracts with an exploding ecosystem I've got Ether (and all it's middleware tokens).
If I want a basic lightweight, fast, low fee solution, I've got LTC.
If I want to trade value with Jews there's XRP/XLM/ADA etc.
If I want the aging but still most battle tested platform out, compatible with everything, I've got Grandaddy BTC.
There's 0 need filled by BCC that a thousand shitcoins don't already do better. Other than be easy to mine by Jihan of course.
I really can't wait for "core" to finally cave and shift to main algorithm to cryptonight or something to break the constant issue of having an algo vulnerable to takeover by hardware miners. The tears from you cashies are going to be sweet.
Brayden Hughes
This. The market needs to leave BTC and all its forks behind like a hermit crab migrating to a new shell.
