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RE: What I think makes Bitcoin Bitcoin, and why I think Bitcoin Cash is Bitcoin

in #bitcoin6 years ago (edited)

In one of my recent post, I wrote about a recent report that talked about how two whales did a transaction for 99 million dollars in LTC in a single transaction costing the sender about 40 cents and with the transaction only taking about 2 minutes and 30 seconds to complete. So if anyone didn't want to use BTC, I don't understand why they would not simply just use LTC which has proven itself to be a solid currency for years.

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LTC is great for many reasons, but it will have higher and higher fees as well if developers don't do something about it. This combined with RBF policy could give the same bidding war that happened in Bitcoin SL "Core" (BTC) and would prohibit using zero-conf transactions. It also has SegWit, which is not always considered good by those investing for the long term.

Starting off as a memecoin similar to Doge, it doesn't share the same transaction history and interest as the two large Bitcoin forks. Nor does it have a highly developed ecosystem and hashrate.

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