NOTHNG good long term can come of BCC. I don't care, dump it, pump it do what the fuck you want with it but in the end get that shit out of here.
1. Bitcoin doesn't need to scale it's never was going to be a settlement medium. It's a store of wealth and the backbone of the decentralised crypto currency world. It's not fucking VISA.
2. We have plenty of other alts that can serve as payment chains.
3. BCC undermines in the eyes and minds of many people the idea of Bitcoin and so the whole community crypto currency will long term suffer if we don't just dump this shit and treat it for what it is a shitcoin scam. If it stays around then newbies will start thinking it's better than Bitcoin and we will upend Bitcoin and crypto.
4. If we continue with this coin the. The small gains people got from BCC will dwarf the amounts lost over time from potential BTC and alt rises.
If someone wanted to kill the idea of Bitcoin then I can't think of anything better than keep making Bitcoin chains till no one takes any of it seriously. We all lose...
Absolutely agree. BCH is nothing but being detrimental to Bitcoin.
Unprofessional, a source of confusion and it's obvious that millions were poured into it to advertise it.
So your saying the original plan for bitcoin that is looking for OFF chain solutions to the transaction capability issue is the correct way?
Both project have altered views on how the development should progress. If anything its the bad press surrounding the fork that caused the problem.
Think about this.. The original vision for bitcoin was that of ON chain development.
On chain development ie block size increase and replay protection are great advances in the protocol its looking for on chain solutions to keep de-central.
Were as you have the original bitcoin looking at Off chain solutions such as lightning network.
Which one was the original vision by satoshi.
While I was sceptical about the fork at first now once I have had time to evaluate it I can see no issue arrisuing from it. The fact it helped many people make money and it gives people a choice now I feel is good.
But we await to see the next move by the developers.
There's no reason that everyone's morning coffee should be on the Bitcoin blockchain. There are hundreds of altcoins for that.
And with 10 minute blocktimes it's obvious it's not intended for very time sensitive payments.
And while BCH is now unused, if it would be used by thousands of services, fees would increase pushing microtransaction out regardless of blocksize. There's no way avoiding a fee market and that is fine.
"The fact it helped many people make money and it gives people a choice now I feel is good."
That money has to come from somewhere, disenfranchising people from crypto who lost on a heavily pumped fork is detimental to Bitcoin.