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RE: I think the btc fee plan might backfire and BCC will be king in 2018.

in #bitcoin7 years ago (edited)

The lightning network and segwit will make the transaction fees to go down drastically making this point moot. I'm not sure why Ver keep repeating this point. I haven't look at this latest interview. I've seen him mention the fees multiple times but lightning network is already working on the test net and I think it can even be used on the main network.

Bitcoin is currently more than 5 times the market cap of Bitcoin Cash and Bitcoin has way more devs than Bitcoin Cash.

If the scenario you propose happens and I'm not saying it might not happen, in fact I kept some Bitcoin cash in case but the odds are very much against such a scenario.

At 4:36 Andreas explains the lightning network plus segwit for anyone who has a basic understanding of Bitcoin. It can be tricky to understand but it's understandable. I feel like everyone interested in Bitcoin should give its chance.

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This video does a great job at showing why the LN may centralize transactions and this worries me.

Exactly - brilliant - Bitcoin IS the bankers now...

Not many people are getting this so far

This is going to be interesting, I'm fully betting against Bitcoin myself, but we shall see!

I've made my fortune from Bitcoin and moved on to hopefully greener pastures

Yeah, but about LN we are hearing from at least a year or so. it was supposed to enter in this year but it didnt. So how much more should we wait till a miracle happens?
You either adapt or loose the game.

I don't think you get quite the point. It's not merely the fees as such, but the fees and the structure. If the new "network topology" of Bitcoin Core so to speak, makes Bitcoin more vulnerable to government infiltration and manipulation or information leakage, then I'm still more comfortable with Bitcoin Cash.

That's even with all the different "issues" BCH has, because the design of Bitcoin is strong enough to handle those a lot better than a group of people redesigning it according to entirely different principles.

Nice content, keep it up.

That picture of Andreas just screams EVIL.

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