Anybody who does a normal transaction with normal fees gets confirmed quickly.
There was a time when these were not 'normal fees':
OUCH. So BTC fees are thousands of times higher than BCC. And BTC has a huge full mempool that Segwit lock-in hasn't helped AT ALL.
At this point we can objectively say that BCH is superior technology when compared to BTC. While BTC has name recognition, big investment, a cult of lemming followers, and lots of market inertia, there is really nothing else going for it. Mainstream hodlers aren't technically sophisticated enough to understand the deficiencies of Segwit, full blocks, high fees, and the coming death spiral. Meanwhile, alts pump and ICOs continue unfettered. BTC/fiat continues to skyrocket, so the crunch will be extra painful.
I think the death spiral thing is really scaring the Segwits, so much so that they have to quickly yell and scream about BCH being in a death spiral, despite no evidence of that.
I've read the death spiral argument over and I believe it's sound. Basically if BTC loses hashrate quickly, it grinds to a halt and no one can transact. The already-full mempool just goes astronomical and no blocks are mined. Since BTC has been so slow anyway, if the majority of hashing goes to BCH for even a week, BTC is in serious trouble. If BTC really does fork again, at least one of the BTC forks (probably the 1MB fork) will certainly become useless and die.
A few things wrong with that
1. Segwit just activated people are not using it yet wallets need to roll out versions that give out segwit enabled addresses
2. If BCH was the same value as BTC then the fees would be higher and thats with no volume and well under 1tx/s (currently 0.24tx/s) and block times being 5x faster now what will happen if volume was to increase substantially and block times normalised at 10 mins and people started spamming the mempool constantly im sure things would change
3. The network has not been stress tested to see if it can cope with constant full large blocks it will take considerably longer to verify the block which will mean more empty blocks being mined BTC gets empty blocks mined because a new one is found on the headers of the previous before its verified now multiply that by 8
Segwit won't help the congestion and fees and everybody knows it. The people spamming will not use the new Segwit transaction format so the mempool will remain full. Confirmations will be slow and the mempool will be full. Facts. Blockstream hoped that people would have NO CHOICE but to use Lightning, but everyone here knows that any one of 10 top alts are 100x more fungible and useful than LN.
If BCH was the same value as BTC then the fees would be higher and thats with no volume
This makes no sense. BCH can and does handle 8x the number of transactions of BTC. If anything, the value of BCH would increase and BTC would decrease as a RESULT of this fact. Same thing with fees, average BCH fees are 1/1700th (0.0588235%) of the average BTC fees, which in an open market would result in BCH value rising and BTC value falling. Let's say BCH was running with full blocks - it's still handling 8x as much commerce. If there is demand for 16x the current BTC on-chain transactions, perhaps the BCH fees would rise somewhat, but it's a long way to get to 1700x...
Furthemore, the BCH network absolutely HAS been stress tested - it survived its release into a hostile environment, during the height of contention about the path forward for Bitcoin. Shortly after launch, the BCH blockchain was spammed, but it cleared the entire spam transaction backlog in a single 8MB block (which was a thing of beauty for those of us watching full blocks for all of these years!). Next, BTC network was stress tested in the same manner (roughly the same number of spam transactions were sent), and it completely fell flat on its face, as it has done so many times in the last 4 years!
Time will tell which is a superior chain, but on a safe side, it might be a good idea to have Bitcoin and Bitcoin Cash. Some people value bitxoin by adding the value of both bitcoin n bitcoin cash.
This video was posted TODAY!