You are viewing a single comment's thread from:
RE: Go, Bitcoin Cash, Go!
Don't be embarrassed about writing about something someone else did, we all have different takes on the issues and they are worth being heard!
Don't be embarrassed about writing about something someone else did, we all have different takes on the issues and they are worth being heard!
Yes, and especially after I read @pablopenguin's piece I realized we had very different focuses and even purposes in writing what we did. He is I believe a Bitcoin partisan and is trying to make the case against Bitcoin Cash. The fact that until recently 1 miner does 92% is something he was using as evidence that Bitcoin Cash is not decentralized and should be ignored. I am neither a Bitcoin nor Bitcoin Cash partisan. I do not have strong feelings about who rightfully owns the moral high ground or wears the crown of the original Bitcoin, except from a pragmatic point of view that I think it would be easier if we continued with Bitcoin as the standard. However, my interest in Bitcoin Cash right now is economic. I still have BCH I haven't collected from the fork and I can't help being excited that something I own that I had written off as potentially worthless is now nearly $900 per coin. To me that is free money. I will very likely try to sell my BCH for as much as I can so I can buy more bitcoin. But I did start looking at what people are saying about Bitcoin Cash mining and I thought it was interesting that as of this weekend when the difficulty level drops by 50% to 60% BCH will technically be more profitable to mine than BTC. This is not a political argument! I have no dog in this fight. I just find the whole story of cryptocurrencies that is still being written right in front of our eyes to be an endless source of fascination.
I totally understand, I am not emotionally invested in the BTC/BCH split and happy to see cryptos of all stripes doing well. Anything that hastens the fall of the central banking system is good by me (that's the dog I have in the fight ;). Don't get me wrong, I am happy to see my BCH doing so well! I am just cautious at this point because the risk seems high at the moment. If a 51% attack takes place, it would collapse demand for the coin and could damage perception of the wider crypto environment and hence adoption.
Yes, that makes sense. I figured out how to get my BCH out today and I sold it for Bitcoin.