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RE: Operation white elephant: Five reasons why Satoshi could have deserted Bitcoins to create Bitcoin Cash @BlockRush

in #bitcoin7 years ago

That is exactly what i wanted to say. IF BTC was for storing value with actually limited supply it would be a nice tool to store it. BUT. It's forking so essentially you have double the amount circulating. That could fork again and again and again. Thus making it not viable for storing value as it has unlimited supply. Like federal reserve printing money.

BTC BC is not meant to be making money. It's an archaic and simple BC as it is the first one. It was said it is good for transferring value but is slowing down significantly hence LTC would be much better candidate for that. Could be a good fit for storing it but again supply has doubled and WILL multi fold.

If it HAD limited supply, the price would have potential to grow and capital gains would be incentive to BTC holders to work on it (PROFIT) but now i am not sure. Unless they would make algorithm flawless in time and all forked ones would die off which is UNLIKELY.

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