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RE: What's the deal with Bitcoin Cash (BCC)? (Does the recent fork mean I now have a bunch more money automatically?) 10 SBD tip for most helpful answer.

in #bitcoincash7 years ago

I personally hope BCC doesn't last and BTC is the only bitcoin, but yes if you hold your bitcoin in a exchange or wallet that supports BCH you will magically have more coins. Pretty sure BCC is suppose to be faster with lower fees and bigger block sizes. I am mainly holding alts. This whole fork is too much.

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So, why do you hope the one you just defined as inferior survives and the one you defined as superior dies?

I didn't claim one to be superior over the other. Just answering the questions you presented in your blog post about the difference between coins. I mentioned i'm holding alts. I think there can only be 1 leading BTC. The new BCH needs a lot more miner support to succeed.

The problem is that it's not clear which is "inferior" and "superior" and it may not be for another ______ months/ years.

Bitcoin cash may have bigger blocks/ faster transactions but it also has something like 5% of bitcoin's miners, so bitcoin is clearly the more secure coin at the moment.

It makes it easier to ROI when there's only one option. Should these bitcoins continue to split in the future, we may have to hold tens of versions of bitcoin in order to hedge against the unsuccessful chains.

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