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RE: Bitcoin Cash – The Only Real Bitcoin Blockchain, And Unlikely To Gain Support
What if EXCHANGES decide to go with BTC Cash?!
I do not own a single BTC but have alt coins which are traded using BTC. If exchanges decide to use BT Cash then whether you support this initiative or not - you will be forced to move to BTC Cash?!
True. I think most exchanges will probably support whatever the majority option appear to be. They could buck the trend, but one would reason that would lead to them being less profitable, not more, so there's no clear reason they would do it.
I personally think BTC Cash would be the best option. People keep trying to shoehorn microtransactions like fast food into Bitcoin, but there are much better ways to handle that. BTC is crypto gold, the reserve curency, the stabilizer. People want it to be everything to everyone, which can't work.
That's true. The exchanges generally will have to ride with whatever coin the people choose to support. I'm guessing Volume wise, they'll see whats up.
So are you positive that even if forking happens BTC will stay relevant for exchange purposes?!
I think, at this point, the best case scenario for "the markets" will require a fork, and probably be some variant of SegWit. Longer term, I think that will probably continue the slow decline of BTC's market dominance.