You are viewing a single comment's thread from:

RE: POLL: Bitcoin or Bitcoin Cash?

in #bitcoin7 years ago

Bitcoin Cash is true to the original design. SegWit introduces too many unknowns into the system. Even the SegWit developers themselves have absolutely no idea about the long-term implications of SegWit's effects on the incentive structure of the system.

8Mb blocks are not the end of the world, and will not lead to any more centralization.

The reason bitcoin has been embraced by many investors is because of security and reliability, but both of those features are directly undermined by SegWit. We already have less security on the legacy chain as many miners have defected to BitcoinCash. 3TH has already migrated to Bitcoin Cash mining pools:

mining

And the reliability of the system is also undermined by the unknown risks related to SegWit transactions.

Sort:  

Great analysis and appreciate the thoughts. I've heard from a lot of people that Bitcoin Cash is more aligned with Satoshi's vision, so interesting to see how this pans out

It will be a nasty divorce, that's for sure. There is also a very real risk of another split in November due to the 2X portion of the NY Segwit2X agreement. The Core developers are trying their best to sabotage the 2X hardfork scheduled for November. Things in the crypto space will be very volatile over the next few months.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 58431.17
ETH 2653.99
USDT 1.00
SBD 2.44