Hey fellow hodlers,
My question is in regards to bitcoins scaling. My personal belief is that a bitcoin can be any amount of money and it would move as regular since it's only integers assigned to blocks. I went to the bitcoincash sub reddit to ask questions regarding why bitcoin would collapse based on scaling and fees. Essentially I got nothing back besides $50 transactions, and what will you do when bitcoin takes to much power to mine for pow. I guess I dont fully understand why bitcoin is said to collapse and why something else such as bch or som other form will prosper. Thanks in advance!
My question is in regards to bitcoins scaling. My personal belief is that a bitcoin can be any amount of money and it would move as regular since it's only integers assigned to blocks. I went to the bitcoincash sub reddit to ask questions regarding why bitcoin would collapse based on scaling and fees. Essentially I got nothing back besides $50 transactions, and what will you do when bitcoin takes to much power to mine for pow. I guess I dont fully understand why bitcoin is said to collapse and why something else such as bch or som other form will prosper. Thanks in advance!
You seem to have fallen for a propaganda of BCH and BSV miners as mk4 correctly pointed out! Let me tell you the reality here. Please see the below link to know the trend of the bitcoin fees,
https://billfodl.com/pages/bitcoinfees
So I don't know how you are getting $50 transactions fees! If you transact in cryptos frequently, moving to Lightening Network will be hugely beneficial to you! Have you explored that ever?
