Bitcoin is the digital gold as it is more secure than Litecoin. However, the slowness and cost of transactions rules it out from being a currency. Also if you lose it there is no compensation. Supposedly there are 4 million lost bitcoins out there! But which is the best one for actually buying stuff? Litecoin, dash or bitcoin cash really is a topic that needs to be discussed
That's what people are realizing that any coin with some what limited supply like Gold is a good store of value. The better the development of the protocol the more the coin becomes entrenched by it network effects.
Free market economics says BCH will be more dominant in the longterm. The Bitcoin hashing power is being siphoned off by Bitcoin Cash as market is clearly embracing scaling of bigger blocks. As the Bitcoin meme pool continues to backlog and the fees going exponential as the cycle deepens.
I totally agree, decentralization is the best way to go. The lightning network will fix this issue at the second layer and put only the important transactions on the blockchain.
Bitcoin Cash is pumped to dead, centralized and offers nothing new on the table. Better to use Litecoin or a cheap coin to save on the transaction cost.
Yes, decentralization first
I always take out time to visit your youtube channel :)
amazing review!
Bitcoin is now somewhat unique as a potential store of value, the question for me is Litecoin, Dash or Bitcoin Cash?
Dash. Wait for 2018 release of evolution
True, also keep hearing chat about huge announcement ahead with Litecoin, as they say buy the rumor and sell the news. Time will reveal all.
Bitcoin is the digital gold as it is more secure than Litecoin. However, the slowness and cost of transactions rules it out from being a currency. Also if you lose it there is no compensation. Supposedly there are 4 million lost bitcoins out there! But which is the best one for actually buying stuff? Litecoin, dash or bitcoin cash really is a topic that needs to be discussed
That's what people are realizing that any coin with some what limited supply like Gold is a good store of value. The better the development of the protocol the more the coin becomes entrenched by it network effects.
Free market economics says BCH will be more dominant in the longterm. The Bitcoin hashing power is being siphoned off by Bitcoin Cash as market is clearly embracing scaling of bigger blocks. As the Bitcoin meme pool continues to backlog and the fees going exponential as the cycle deepens.
I totally agree, decentralization is the best way to go. The lightning network will fix this issue at the second layer and put only the important transactions on the blockchain.
Bitcoin Cash is pumped to dead, centralized and offers nothing new on the table. Better to use Litecoin or a cheap coin to save on the transaction cost.