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RE: The Battle And Future Of Bitcoin In Jeopardy
Why would I go with corporate / fake satoshi coin? The circulating supply is inflated by approximately 130,000 BCH!
Did we look at the internet protocol in 1994 and decide that since it couldn't support streaming HD video, Social Media, etc that it was time to change the protocol?
Small blocks work and there is no need to be slamming a settlement layer with micro transactions... we have the lightning network.
BTC
I really doubt you could broadcast and validate a cryptocurrency via satellite with mega sized blocks. This is about keeping it decentralized and censorship resistent. Anything else is either misguided thinking, or an outright attack on our future decentralized vision. Berwick, you shouldn’t type up shit before really thinking it through. Reputations are lost in a heartbeat in the Internet Age.
It's good to have options. BCH is what Bitcoin used to be + bigger blocks, which is entirely in line with Satoshi plans and importantly does not have to be the end of improvements.
Also, Bitcoin is not quite like the internet. Speculative and revolutionary technology that enables greater connectivity yes, but similarities end there.
-For your information though, the internet needs an update as well. It's not what it should be.
The internet is constantly scaling and will have to continue. My point was that this is a marathon, not a sprint.
That much I can agree with.
Was it Satoshi's vision to inflate the circulating supply of BCH by nearly 130,000 above what the block rewards should have paid out? This must be fake Satoshi we are talking about...
Being a Satoshi or original Bitcoin fundamentalist is not practical, nor is it what I suggested.
I don't see the inflation or the companies as a bigger threat than the current people in charged already stopping the implementation of changes that would bring the fees and unconfirmed transaction issues down significantly.
That's not to say that I really see those other people and their associated organizations as much of a threat either. I think BCC will help encourage necessary changes to the BTC organization. It doesn't appear to me that either coin is going away yet. I think they will both be valuable and valued.
That's a misnomer - inflation. The coins are generated slightly faster, but final total is the same at 21 million. That's not inflation.
Last time I checked, small blocks too often don't work. And how many years yet to wait for Lightning?