BCash is nothing compared to the next coup attempt waiting us in November.
IMO that attempt is way more legitimate than BCH hardfork. Remember segwit2x got support from most (90%+) miners.
Agreed. BCH has very little support and will not be mined by many miners except in odd periods of high profitability. 2X has a lot more support. I will be far more likely to hold on to my 2X than my BCH. I sold my BCH at 0.2, and I might buy some back at .01. I recommend all of you who are BCH believers do the same instead of lose 10x your money. You can hold 10x BCH if you sell now and buy back at .01. I feel bad for any of you buying this stuff at $500 or higher. There are actual good coins out there for less than $500 apiece.
None of the arguments in favor of BCH hold any water. If you want more transaction capacity and lower fees, there are plenty of alts with good track records, good developers, good exchange/merchant support, and decentralized mining. LTC comes to mind, and DASH is another. ETH is great as well. The SHA256 hash function has no greater security than Scrypt or X11 -- it provides no benefit at all. It is a fact that there is only one miner supporting the vast majority of BCH's hashpower, and that is a major detriment.
The only good thing about BCH is that it has the support of one large SHA256 miner and a few famous Bitcoin personalities. Other than that, it is a pretty dumb alt. I much prefer to add transaction capacity by the way that LTC does, by having more/faster blocks. 10 minute blocks with 4x the capacity isn't as good as 2.5 minute blocks. I do think that LTC is over-valued at the moment, though. Historically it hangs around 0.01 BTC. At 0.014 BTC, it is getting expensive in my opinion. However, with Segwit enabled on LTC for a long time, and testing with Lightning Network, it is possible that it will be possible to do atomic swaps (trades without an exchange) of LTC for BTC. This will be kind of a holy grail for crypto, the ability to swap from one chain to another without having to trust an exchange.
Speaking of trusting an exchange, this one of the dumbest arguments I've seen in this thread to try to discredit Lightning Network. "LN = banks! Just go through an exchange!" Hello fools! Exchanges = banks for cryptos. All of the good/trustworthy exchanges follow KYC (Know Your Customer) laws to prevent money laundering and criminal usage. Exactly like.... you guessed it, banks! Exchanges aren't anonymous, LN can be. Yes, some of it will be used to send money to and from banks... and exchanges. But it is an open technology that will allow any 2 people to set up a payment chain, even across blockchains.
